Document:

f8k0801_x106-riic.htm

    MEMORANDUM
      OF
      AGREEMENT

    

    

    This
      agreement is made by and between:

    

    
      	
              1.  

            	
              Royal
                Invest International Corporation a publicly traded corporation trading
                on
                the Over the Counter (“OTC”) under the symbol RIIC, incorporated in the
                United States of America in the State of Delaware with its registered
                office located at 980 Post Road East, 2nd. floor, Westport, Connecticut
                06990, USA, legally represented by its CEO Mr. Jerry Gruenbaum and/or
                Royal Invest Europe BV - hereinafter jointly and individually referred
                to
                as  “BUYER”

            

    

    

    and

    

    
      	
              2.  

            	
              Machine
                Transport Midden Nederland BV, registered at the Chamber of Commerce
                number,  30157069 located Brouwersstraat 138 C, 2231 HV
                Rijnsburg, in The Netherlands;

            

    

    

    
      	
              3.  

            	
              FVG
                BV, Osdorperweg 518 E, 1067 SX registered at the Chamber of Commerce
                number 33242164,  located, in The
                Netherlands;

            

    

    

    
      	
              4.  

            	
              Emile-Staete
                BV, Osdorperweg 518 E, 1067 SX,  registered at the Chamber of
                Commerce number 33136291,  located, in The
                Netherlands;

            

    

    

    
      	
              5.  

            	
              Rico
                Staete  BV, registered at the Chamber of Commerce number
                33288149,  located, in The
                Netherlands;

            

    

    

    Parties
      2
      up to and including 5 hereinafter jointly and individually referred to as
“SELLER” and legally represented by L.J.C.M. Kassing

    

    And

    

    
      	
              6.  

            	
              E.C.M.
                Hoff Holding BV, registered at the Chamber of Commerce number, 4376171,
                located in The Netherlands, legally represented by D. Havenaar, “DEAL
                MANAGER”

            

    

    

    For
      purposes of this agreement BUYER and SELLER are collectively referred to as
      “PARTIES” and individually referred to as a “PARTY”.

    

    

    

    Whereas:

    

    
      	
              1.  

            	
              PARTIES
                desire to confirm the intermediate outcome of the negotiations which
                have
                taken place from January 2007 till to date by means of this
                agreement.

            

    

    
      
        
        

      

      
        1

      

      
        
        

      

    

    

    
      	
              2.  

            	
              SELLER
                is the owner of the commercial properties, accompanying premises
                and
                parking areas located at:

            

    

    

    

      
        	
                1.  

              	
                Meijlweg
                  7, in Vianen, the Netherlands

              

      

      
        	
                2.  

              	
                Berenkoog
                  53, Alkmaar, the Netherlands

              

      

      
        	
                3.  

              	
                Keulsekade
                  21, Utrecht, the Netherlands

              

      

      
        	
                4.  

              	
                Edisonweg
                  9, Woerden, the Netherlands

              

      

      
        	
                5.  

              	
                De
                  Schans 1802, Lelystad, the
                  Netherlands

              

      

      
        	
                6.  

              	
                Franciscusweg
                  8-10, Hilversum, the Netherlands

              

      

      
        	
                7.  

              	
                Tackenweide
                  48, Emmerich, Germany

              

      

    Hereafter
      referred to as the “PROPERTIES”.

    

    
      	
              3.  

            	
              The
                current officers and directors of Royal Invest International Corp
–
                including Mr Jerry Gruenbaum and Mr Nathan Lapkin - are not directly
                or
                indirectly affiliated to SELLER and /or DEAL MANAGER in any fashion
                what
                so ever.

            

    

    

    Therefore:

    

    In
      consideration of the potential undertakings and future covenants set forth
      in
      this agreement “PARTIES” agree as follows.

    

    
      	
              1.  

            	
              The
                “BUYER” will acquire the “PROPERTIES” as far as these are located in The
                Netherlands for the amount of 32.916.000 Euro
                (thirty-two-million-nine-hundred-sixteen-thousand) including transfer
                costs – excluding the costs for the notarial deeds. Under specific
                conditions, transfer costs for the Dutch properties are to be paid
                for by
                the “SELLER” in as far as relating to Dutch real estate transfer
                costs.  The BUYER” will acquire the “PROPERTIES” as far as these
                are located in Germany for the amount of 4.750.000 Euro
                (four-million-seven-hundred-fifty-thousand) excluding transfer costs.
                Transfer costs for the German properties are to be paid for by the
                “BUYER”. This transaction will be confirmed by “PARTIES” by means of one
                or more formal purchase agreement(s).  The terms of the agreed
                acquisition will be more particularly set forth in one or more purchase
                agreements and one or more definitive agreements (collectively the
                definitive agreements) to be mutually agreed upon by the “PARTIES”. Under
                the condition of due diligence and at the discretion of BUYER, the
                PROPERTY can also be purchased through the purchase of the shares
                in a
                corporation which fully owns the
                PROPERTIES.

            

    

    

    
      	
              2.  

            	
              PARTIES
                identify and agree that the location Emmerich, Germany mentioned
                above
                will be transferred by the sale and delivery of 94% of the issued
                and
                outstanding shares in Rico-Staete B.V. – whereby the shares purchased by
                BUYER will have all economical ownership rights. The attached balance
                sheet as per March 31, 2007 reflects a net asset value of € 1.038.969
                (Annex 1). If and when the transfer will be effectuated, the interim
                balance sheet as per the date of March 31, 2007 will taken as the
                moment
                for the economical date of transfer. PARTIES indentify and agree
                that
                BUYER has to refinance the current mortgage loan taken up by Rico-Staete
                B.V. at the moment of delivery to the amount of approximately €
                3.560.000.

            

    

    

    
      	
              3.  

            	
              All
                properties not being transferred through the sale and delivery of
                shares
                will be transferred on basis of the status per June 1, 2007 (whereby
                all
                income and costs relating as from that date onwards are for the account
                of
                BUYER – all to be determined and agreed between parties within two months
                following any transfer).

            

    

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
              4.  

            	
              Determination
                of the number of shares to be issued by BUYER to SELLER as well as
                the
                final purchase price payable will based on the lower of a fixed currency
                exchange rate of the US$ / EURO of 1,36 or the currency exchange
                rate
                effectively as per July 1, 2007. The shares acquired by SELLER or
                a group
                company of SELLER will be delivered to this party no later than the
                Final
                Closing Date in the definitive
                agreements.

            

    

    

    
      	
              5.  

            	
              The
                BUYER intends to fund the purchase by obtaining a bank loan of 31,000,000 Euro
                (thirty-one-million) from the Bank of Scotland. An amount of the
                purchase
                price payable limited to
                7.704.476 Euro (seven-million-seven-hundred-and four-thousand and
                four-hundred-seventy-six) will firstly be recorded as a convertible
                debentures and subsequently financially reorganized by conversion
                into the
                equivalent of a number of shares of the BUYER’s company common stock
                delivered in certificates bearing DEAL MANAGER’s or designated names with
                a lock-up period of 24 months upon issue at an agreed share price
                of  0.10 US Dollar;

            

    

    

    
      	
              6.  

            	
              BUYER
                will issue 1,000 (one-thousand) shares of the BUYER’s company preferred
                stock delivered in certificates bearing DEAL MANAGER’s or designated names
                at an agreed share price of 0.10 US Dollar payable in cash; Assumption
                is
                here that at closing of this deal these preferred shares will give
                the
                right to appoint one Member of RIIC’s Board of Directors and to request
                the Board organising a shareholders’
meeting.

            

    

    

    
      	
              7.  

            	
              DEAL
                MANAGER has on behalf of Royal Invest Europe BV organized a term
                sheet for
                a bank loan. DEAL MANAGER’s services have been agreed upon on basis of the
                attached consultancy agreement disclosing the commissions
                payable.

            

    

    

    
      	
              8.  

            	
              The
                parties will negotiate the terms and begin preparation of the Definitive
                Agreements that will govern all the above mentioned agreed items.
                To the
                extent appropriate for transactions of this type and size, the Definitive
                Agreements will contain but not limited to customary representations,
                warranties, covenants, indemnities and other agreements of the
                parties.

            

    

    

    
      	
              9.  

            	
              The
                Definitive Agreements shall include customary conditions precedent
                generally applicable to an acquisition of the nature and size of
                the
                transactions contemplated by this Agreement, each of which must be
                satisfied prior to the consummation of the transactions contemplated
                thereby. In general, the closing of the proposed acquisition and
                the
                obligations of each party under the Definitive Agreements will be
                subject
                to the satisfaction of the conditions precedent, which shall include
                but
                not be limited to:

            

    

    

    
      	
              (a)  

            	
              Satisfactory
                Results of Due
                Diligence

            

    

    The
      satisfactory completion of due diligence investigation and acquisition audit
      by
      BUYER (as provided in paragraph 10) showing that the assets of SELLER and any
      actual or contingent liabilities against those assets, and the prospective
      business operations by SELLER or SELLER’s business are substantially the same as
      currently understood by BUYER as of the date of this Agreement (determined
      without regard to any documents which BUYER or any party may have previously
      delivered to BUYER).

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	
              (b)  

            	
              Compliance

            

    

    Satisfactory
      determination that the acquisition and prospective business operations by BUYER
      of SELLER’s business will comply with all applicable laws and regulations,
      including antitrust and competition laws.

    

    
      	
              (c)  

            	
              Consents
                and
                Approvals

            

    

    The
      approval and consent of the Definitive Agreements by the respective Boards
      of
      BUYER and SELLER and the receipt of the consents and approvals from all
      governmental entities, utility providers, railways, material vendors, lenders,
      landlords, customers, and other parties which are necessary or appropriate
      to
      the acquisition of  the prospective business operation by BUYER, and
      the receipt of all necessary governmental approvals including the expiration
      or
      termination of all required waiting periods.

    

    
      	
              (d)  

            	
              Absence
                of Material Litigation
                or Adverse Change

            

    

    There
      must be no pending or threatened material claims or litigation involving SELLER,
      and no material adverse change in the business prospects of BUYER operating
      SELLER’s business.

    

    
      	
              (e)  

            	
              Delivery
                of Legal
                Opinions

            

    

    Customary
      legal opinions must be delivered, the content of which shall be mutually agreed
      upon.

    

    
      	
              (f)  

            	
              Muermans
                Deal

            

    

    This
      deal
      should become effective simultaneously with the acquisition by BUYER of the
      Assen Property located at the Schepermaat 4 (probably through the purchase
      of
      controlling stock in Muermans Vastgoed 46 BV).

    

    
      	
              (g)  

            	
              Financing

            

    

    Up
      to
      July 31, 2007 the BUYER can waive its obligations under this Agreement when
      the
      financing by Bank of Scotland and/or any other bank has not provided sufficient
      backing for 80% of the purchase price payable.

    

    
      	
              (h)  

            	
              Final
                transfer
                date

            

    

    The
      delivery of the properties (or the shares in the company owning the respective
      property) will take place no later than four weeks upon the final approval
      on
      the financing. When the delivery of the properties takes place, the economical
      ownership will be effectively recorded as from June 1, 2006 and for shares
      in
      the company owning the respective property as per April 1, 2006.

    

    

    
      	
              10.  

            	
              From
                the date of acceptance by the parties of the terms of this Agreement,
                until the negotiations are terminated as provided in paragraph 11
                of this
                Agreement, SELLER will give BUYER and BUYER’s management personnel, legal
                counsel, accountants, and technical and financial advisors, full
                access
                and opportunity to inspect, investigate and audit the books, records,
                contracts, and other documents of SELLER as it relates to SELLER’s
                business and all of SELLER’s assets and liabilities (actual or
                contingent), including, without limitation, inspecting SELLER’s property
                and conducting additional environmental inspections of property and
                reviewing financial records, contracts, operating plans, and other
                business records, for the purposes of evaluating issues related to
                the
                operation of SELLER’s business. SELLER further agrees to provide BUYER
                with such additional information as may be reasonably requested pertaining
                to SELLER’s business and assets to the extent reasonably necessary to
                complete the Definitive Agreements.

            

    

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
      	
              11.  

            	
              By
                their signature below, each party agrees to keep in strict confidence
                all
                information regarding the terms of the proposed acquisition of the
                Operations, except to the extent BUYER must disclose information
                to
                lenders and equity partners to obtain financing. If this proposal
                is
                terminated as provided in paragraph 14, each party upon request will
                promptly return to the other party all documents, contracts, records,
                or
                other information received by it that disclose or embody confidential
                information of the other party. BUYER agrees to keep all material
                and
                information provided to it, under paragraph five above, confidential
                and
                to promptly return the same to SELLER upon termination of this Agreement.
                The provisions of this paragraph shall survive termination of the
                agreements set forth in paragraphs
                9-15.

            

    

    

    
      	
              12.  

            	
              No
                party will make any public disclosure or issue any press releases
                pertaining to the existence of this Agreement or to the proposed
                acquisition and sale between the parties without having first obtained
                the
                consent of the other parties, except for communications with employees,
                customers, suppliers, governmental agencies, and other groups as
                may be
                legally required or necessary or appropriate (i.e., any securities
                filings
                or notices), and which are not inconsistent with the prompt consummation
                of the transactions contemplated in this Agreement. The provisions
                of this
                paragraph shall survive termination of the agreements set forth in
                paragraphs 9-15.

            

    

    

    
      	
              13.  

            	
              Except
                for breach of any confidentiality provisions hereof, no party to
                this
                Agreement shall have any liability to any other party for any liabilities,
                losses, damages (whether special, incidental or consequential), costs,
                or
                expenses incurred by the party in the event the negotiations among
                the
                parties are terminated as provided in paragraph 12. Except to the
                extent
                otherwise provided in any Definitive Agreement entered into by the
                parties, each party shall be solely responsible for its own expenses,
                legal fees and consulting fees related to the negotiations described
                in
                this Agreement, whether or not any of the transactions contemplated
                in
                this Agreement are consummated.

            

    

    

    
      	
              14.  

            	
              This
                Agreement assumes the Parties to sign the intended Definitive Agreements
                based on the results of previous negotiations and the previous good
                constructive talks no later than on July 25th, 2007. The negotiations
                shall only fail if a confident cooperation can no longer be ensured.
                Such
                a situation may not be caused intentionally by any of the Parties.
                The
                Parties do have the intention to sign the intended Definitive Agreements.
                The failure of the negotiations shall be announced in writing by
                a Party
                who shall also specify the reasons. This Party shall be entitled
                to
                convene a new negotiation meeting within two weeks in order to eliminate
                the grounds for failure and/or to claim damages on basis of the current
                status of negotiations – whereby this Party proofs that the reasons for
                the failure of the negotiations are not due to this Party and/or
                the other
                Party has no material evidence on failure due to issues arising from
                the
                due diligence review whereby one of the Parties can not guarantee
                adequately to the other Party that the SELLER’s business is substantially
                the same as currently understood by
                BUYER.

            

    

    

    
      	
              15.  

            	
              Parties
                agree that neither of them nor any of their affiliates will pursue,
                solicit or discuss any opportunities for any party other than to
                acquire
                or otherwise control the Operations until this Agreement is terminated
                by
                Parties or mutually by Parties or any of the events in paragraph
                14 do not
                occur by the dates stated and Parties in writing that they are pursuing
                other buyers for the PROPERTIES.

            

    

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      	
              16.  

            	
              This
                Agreement shall be governed by, and construed and interpreted under
                the
                laws of The Netherlands.

            

    

    

    BUYER
      referred to this
      Agreement acknowledges the terms and conditions hereof, and agrees to be bound
      by the clauses included in this document,

    

    

    Royal
      Invest International Corp.  ( BUYER )

    Represented
      by Jerry Gruenbaum

    

     

    Signature:   /s/
      Jerry Gruenbaum,
      CEO                                            Date:
May 25,
      2007

    

    

    SELLER
referred
      to this
      Agreement acknowledges the terms and conditions hereof, and agrees to be bound
      by the clauses included in this document,

    

    Machine
      Transport Midden Nederland b.v.,  FVG BV, Emile-Staete BV, Rico
      Staete  BV

    (SELLER)

    

    Represented
      by L.J.C.M. Kassing

     

     

    Signature:   /s/
      L.J.C.M.
      Kassing                                                    
Date: May 25,
      2007

    

    

    DEAL
      MANAGER referred to this
      Agreement acknowledges the terms and conditions hereof, and agrees to be bound
      by the clauses included in this document,

    

    E.C.M.
      Hoff Holding BV.  ( DEAL MANAGER )

    Represented
      by D. Havenaar

     

    Signature:   /s/
      David
      Havenaar                                                     
Date: May 25,
      2007

    
      
        
        

      

      
        6f8k0801_x107-riic.htm

    DEED
      OF
      TRANSFER OF OWNERSHIP

     

    Today,
      the twenty-seventh of December two thousand and seven, there appeared before
      me,
      Theodor Franciscus Hubertus Reijnen L.L.M., civil-law notary practising
      in  Haarlemmermeer:

    Ms
      Elisabeth Johanna Maria van  de Graaf-Blaas, a member of staff
      employed with me, civil-law notary, having the office address of 2132 DX
      Hoofddorp, Boslaan 4, born in Amsterdam on the twentieth of February nineteen
      hundred and sixty-six;

    acting
      in
      this matter as the written attorney, such as is apparent from a private power
      of
      attorney attached to this deed, of :

    Mr
      Lambertus Josephus Cornelius Maria Kassing, residing at 3981 AH Bunnik,
      Schoudermantel 52, born in Utrecht on the tenth of July nineteen hundred and
      sixty-five, unmarried and not registered as a partner, holder of a Dutch driving
      licence with number 3197901295, issued in Bunnik on the
      seventh of January two thousand and two, acting in this matter in his capacity
      of a director authorised to independently represent of:

    the
      foundation Stichting Administratiekantoor Thomas, with its registered office
      in  Maarssen, having its place of business in 2231 HV Rijnsburg,
      Brouwerstraat 138C, registered in the trade register of the Chamber of Commerce
      and Industry for Utrecht and District under file number 30213297, which on
      the
      issuance of the power of attorney acted:

    
      	
               

            	
              a.

            	
              1.

            	
              insofar
                as there is no (indirect) conflict of interests as referred to in
                Article
                256 Book 2 of the Dutch Civil Code, as a director authorised to represent
                independently of: 

            

    

    
      	
               

            	
              the
                private company with limited liability FVG
                B.V., with its registered office in Amsterdam, having its place
                of
                business at 1067 SX Amsterdam, Osdorperweg 518 E, registered in the
                trade
                register of the Chamber of Commerce and Industry for Amsterdam under
                file
                number 33242164, 

            

    

    
      	
               

            	
              hereinafter
                to be referred to as the "the seller";
                and
                

            

    

    
      	
               

            	
              2.

            	
              insofar
                as there is a(n) (indirect) conflict of interests as referred to
                in
                Article 256 Book .2 of the Dutch Civil Code, as a person designated
                by the
                general meeting of shareholders of the seller;

            

    

    
      	
               

            	
              b.

            	
              1.

            	
              insofar
                as there is no (indirect) conflict of interest as referred to in
                Article
                256 Book 2 of the Dutch Civil Code, as a director authorised to represent
                independently of: 

            

    

    
      	
               

            	
              the
                private company with limited liability: Machine
                Transport Midden-Nederland B.V., with its registered office Bunnik,
                having its place of business in 2231 HV Rijnsburg, Brouwerstraat
                138 C,
                registered in the trade register of the Chamber of Commerce and Industry
                for Utrecht and District under file number 30157069,
                

            

    

    
      	
               

            	
              hereinafter
                to be referred to as "the buyer";
                and
                

            

    

    
      	
               

            	
              2.

            	
              insofar
                as there is a(n) (indirect) conflict of interests as referred to
                in
                Article 256 Book 2 of the Dutch Civil Code, as a person designated
                by the
                general meeting of shareholders of the buyer.

            

    

    
      	
               

            	
              The
                afore-mentioned designations are apparent from the minutes attached
                to
                this deed (APPENDICES).

            

    

    
      	
               

            	
              The
                persons appearing declared as follows:

            

    

    PURCHASE

    On
      the
      twenty-sixth of June two thousand and seven, the seller and the buyer entered
      into a purchase agreement with regard to the registered property to be referred
      to hereinafter, among other things in connection with a supplementary purchase
      agreement.

    Among
      other things, the purchase agreement is apparent from a private deed, attached
      to this deed together with the afore-mentioned supplement (APPENDIX) and hereinafter to
      be referred to as "the
      purchase agreement".

    TRANSFER
      OF TITLE

    In
      order
      to execute the purchase agreement, the seller transfers to the buyer, who hereby
      accepts:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    A
      DESCRIPTION OF THE
      REGISTERED PROPERTY

    
      	
               

            	
              The
                office and industrial premises together with the parcel of land on
                which
                the premise were erected, situated at 1216 SK Hilversum
                at
                Franciscusweg 10, recorded in the land register as the municipality
                of Hilversum, section H numbers 3109, 3096, 3097 and 3098, having
                an area
                of fifty-one ares and forty centiares (51 a and 44 ca)
                forty-four  ares and sixty-nine centiares
                (44 a and 69 ca), nine ares and seventy-eight
                centiares (9 a and 78 ca) and fifteen ares and
                forty-two centiares (15 a and 42 ca) respectively,
                

            

    

    hereinafter
      to be referred to as "the sold
      property".

    REGISTRATION
      OF THE
      PURCHASE

    The
      purchase was registered at the office of the Cadastre and Public Registers
      Agency in Apeldoorn on the twenty-eighth of June two thousand and seven in
      register Mortgages 4, part 52536 number 57, which registration will be
      invalidated by the registration of a copy of this deed.

    MOVABLE
      PROPERTY

    The
      seller and the buyer have not come to an agreement with regard to the movable
      property describe in the purchase agreement.

    PURCHASE
      PRICE

    The
      purchase price of the sold property is: EIGHTEEN MILLION SEVEN HUNDRED AND
      FIFTY
      THOUSAND EURO (€ 18,750,000.00), excluding nineteen
      percent  (19%) value added tax over the sold property, which sum has
      been paid to the seller by the buyer.

    VALUE
      ADDED TAX

    The
      seller and the buyer have been made a joint request to opt for transfer of
      the
      sold property subject to Dutch VAT.

    This
      value added tax is at the expense of and will be paid by the buyer.

    The
      Dutch
      VAT identification number of the seller is NL0085.63.664.B.01  and the
      VAT identification number of the buyer is NL8078.87.432.B.01.

    TRANSFER
      TAX

    With
      regard to the acquisition established in this deed, the exemption mentioned
      in  Article 15 paragraph 1 under h of the Legal Transactions Taxation
      Act [Wet op Belastingen van
      Rechtsverkeer] is invoked in view of the fact that an internal
      regorganisation is hereby concerned of a company forming part of a group, giving
      exemption of the acquisition from the payment of transfer tax.

    DISCHARGE

    The
      buyer
      has paid the purchase price and that further owed by him as is apparent from
      the
      purchase agreement and this deed by means of the payment of a sum into a
      designated account in the name of Schoemakers, Reijnen en Takken, to be paid
      out
      in the manner as stated in the purchase agreement.

    The
      seller hereby discharges the buyer with regard to this payment.

    PRIOR
      ACQUISITION

    The
      seller, at that time named Faijdhere Vastgoed Ontwikkeling B.V.,
      acquired:

    the
      sold
      property for the limited partnership Franciscus C.V., with its
      place of business in 1067 SX Amsterdam, Osdorperweg 518 E, registered in the
      trade register of the Chamber of Commerce and Industry for Amsterdam under
      file
      number 34127854,  by registration in the office of the Cadastre and
      Public Registers Agency in Apeldoorn (at that time Amsterdam) on the
      twenty-fourth of December nineteen hundred and ninety-nine in the Register
      of
      Mortgages 4, part 16309, number 2 of a copy of a deed concerning the
      contribution made to in Franciscus C.V., containing the declaration of the
      seller that that stipulated in Article 204c of the Dutch Civil Code was not
      applicable, executed before Master A.P. van Lidth de Jeude L.L.M., civil-law
      notary practicing in Amsterdam on the twenty-fourth of December nineteen hundred
      and ninety-nine.

    By
      a deed
      of amendment of the articles of association executed on the fourteenth of
      November two thousand and three before Master A.P. van Lidht de Jeude L.L.M.,
      civil-law notary in Amsterdam, the name of the private company with limited
      liability Faijdhere Vastgoed Ontwikkeling B.V. was changed to FVG B.V.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    PROVISIONS
      OF THE PURCHASE
      AGREEMENT

    Insofar
      as this deed does not explicitly state otherwise, the purchase and the transfer
      are subject to the provisions stated in the purchase agreement,
      including:

    Article
      1

    Costs

    The
      costs
      of the transfer of title of the sold property are at the expense of the
      buyer.

    Article
      2

    Transfer
      obligations, legal
      and actual state.

    
      	
              1.

            	
              The
                seller transfers to the buyer the ownership of the sold property
                that:
                

            

    

    
      	
               

            	
              a.

            	
              is
                unconditional and is not subject to deductions, dissolution or any
                annulment whatsoever; 

            

    

    
      	
               

            	
              b.

            	
              is
                unencumbered by attachments or mortgage rights or the registration
                thereof, or any other limited rights;

            

    

    
      	
               

            	
              c.

            	
              is
                unencumbered by qualitative obligations;

            

    

    
      	
               

            	
              d.

            	
              is
                unencumbered by other extraordinary liabilities and limitations.
                

            

    

    
      	
              2.

            	
              The
                ownership of the sold property is hereby transferred by the seller
                to the
                buyer, who accepts this ownership and to whom this ownership is passed
                encumbered by lease as stated in the purchase agreement, as soon
                as the
                lessee(s) concerned has/have acknowledged the transfer of title or
                as soon
                as the transfer of title has been communicated to him/them by the
                seller
                or the buyer. 

            

    

    The
      seller declares that with regard to the lease agreement with Carrara
      Projectontwikkeling B.V. concerning the sold property, the seller is obliged
      to
      contribute to the costs of the realisation – sufficiently known to the parties
–  of lessee’s facilities up to a maximum sum of five hundred thousand
      Euro (€ 500,000.00).

    The
      buyer
      declares to have knowledge hereof.

    The
      seller hereby guarantees the buyer that the afore-mentioned lessee’s facilities
      have been realised or as the case may be completed and hereby indemnifies the
      buyer with regard to all demands and/or claims with regard hereto.

    Article
      3

    Income
      and expenditure,
      risk.

    As
      of
      today, the income of the buyer will benefit the buyer, the costs will be at
      his
      expense and he will bear the risk of the sold property.

    Article
      4

    Title
      deeds and
      documents.

    If
      and
      insofar as these were in the possession of the seller, the title deeds and
      documents applicable to the sold property as referred to in  Article
      7:9 of the Dutch Civil Code have been passed on to the buyer.

    Article
      5

    Claims.

    Insofar
      as the transfer of title thereof has not already taken place the seller hereby
      transfers to the buyer, who accept them, all claims referred to in the purchase
      agreement that the seller can currently make vis-à-vis third parties, including
      architects, constructors, builders, contractors,
      subcontractors,  installers and/or suppliers of the sold property (and
      the movable property sold together with it), or (a) part(s) therein/thereof,
      as
      well as the rights derived from any  contribution scheme, guarantee
      arrangements and guarantee certificates, all insofar as these arrangements
      are
      transferable without the seller being liable for any indemnification.

    The
      buyer
      is now authorised to realise the transfer of the rights concerned by notifying
      the persons vis-a-vis whom these rights can be exercised.

    Article
      6

    Acceptance
      of the
      extraordinary liabilities and limitations.

    The
      buyer
      explicitly accepts the extraordinary liabilities and limitations hereinafter
      mentioned in this deed, as well as those extraordinary liabilities and
      limitations flowing from the facts known to him or that could have been known
      to
      him based on his own investigations, insofar as such investigation can be
      required of him according to currently prevailing opinions.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    GUARANTEES

    The
      provisions of the purchase agreement and particularly the guarantees given
      by
      the parties in the purchase agreement will remain in force unimpaired, insofar
      as it is not explicitly stated otherwise and insofar as these can still be
      in
      force.

    RESOLUTORY
      CONDITIONS IN
      THESE AGREEMENTS

    All
      resolutory conditions that may have been agreed on in the purchase agreement
      or
      in further agreements related to the purchase have now ceased to have
      effect.

    Neither
      the seller nor the buyer can invoke a resolutory condition with regard to this
      purchase and transfer of tile.

    CANCELLATION
      OF THE
      REGISTRATION OF A MORTGAGE

    The
      parties authorise all members of staff employed at the office of me, civil-law
      notary, to accept if necessary on their behalf the waiving of mortgage rights
      insofar as these may still be registered with regard to the sold property at
      the
      expense of other parties than the buyer and furthermore to do all that which
      may
      be required with regard to this matter.

    VALUE
      ADDED TAX

    With
      regard to the value added tax requested by the parties, the seller declared
      to
      have continuously fully or virtually used the sold property for activities
      subject to Dutch VAT and to indemnify the seller for all consequences with
      regard to the indebtedness of (the repayment of) value added tax by the seller
      arising as a result hereof.

    FINAL
      DECLARATIONS

    The
      buyer
      declared the following:

    
      	
              -

            	
              that
                stipulated in Article 2:204 c of the Dutch Civil Code is not applicable
                in
                view of the fact that two years have passed since the first registration
                of the buyer in the trade register;

            

    

    
      	
              -

            	
              to
                have received the existing purchase agreements and any bank guarantees
                given by the lessees. 

            

    

    DOMICILE

    With
      regard to the implementation of this deed including the registration thereof
      in
      the public registers, and with regard to matters concerning transfer tax, the
      seller and the buyer choose domicile at the office of the custodian of this
      deed..

    FINAL
      STIPULATIONS

    The
      persons appearing are known to me, civil-law notary, and the identity of the
      persons or as the case may be parties appearing involved with this deed has
      been
      established by me, civil-law notary using the afore-mentioned documents.

    
      	
               

            	
              OF
                WHICH DEED,
                

            

    

    Executed
      in a single copy in Haarlemmermeer on the date hereinbefore mentioned.

    After
      the
      substance of this deed had been communicated and explained to the person
      appearing, he declared to have taken cognizance of the contents of this deed
      and
      not to require it to be read out in full.

    After
      its
      limited reading, this deed was signed by the person appearing and by me,
      civil-law notary at @

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}]]