HomeMy WebLinkAbout918266
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RIGHT OF FIRST REFUSAL
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Rodwell Ranch, LLC, a Wyoming limited liability company, Grantor, for and
in consideration of Ten and NOll 00 ($10.00) Dollars and other good and valuable
consideration, in hand paid, receipt whereof is hereby acknowledged, does CONVEY
AND WARRANT TO Cameron Properties Limited Partnership of P.O. Box
3649, Wilmington, North Carolina 28406 and LOTT Partnership II of P.O. Box
38, Candler, North Carolina 28715, a right of first refusal in and to the hereinafter
described real property on the terms hereinafter set out.
This right gives Grantee the right and option to purchase said property at the
same price and on the same terms as those proposed by any purchaser otherwise
acceptable to Grantor. Grantor shall not accept any offer to purchase all or any portion
of said real property until such time as Grantee has been informed in writing of said
offer. This required notice shall include the identity of the proposed purchaser, the
proposed sale price and all terms of said proposed sale. Grantee shall then have a
period of fourteen (14) days to exercise said right. If Grantee chooses to exercise said
right, notice of exercise shall be given to Grantor in writing within said fourteen (14)
day period. Any notice required hereunder shall be considered effective upon deposit in
the U.S. mail, postage prepaid, certified mail, return receipt requested or by personal
delivery to one ofthe persons to whom notice is being given. The exercise of said right
within said time frame shall create a contract to selland buy between Grantor and
Grantee as to the real property at the same price and on the same terms as set out in the
original notice to Grantee. If Grantee shall not exercise said right within said time
frame, Grantor may proceed to sell the premises to the individual or entity named in the
original notice to Grantee at the same price and on the same terms set out therein, this
right shall be null and void and the Grantee shall execute a waiver of all rights in and to
said right of first refusal upon the request ofthe Grantor. Ifhowever, the proposed sale
does not close at the same price and terms, this right shall continue to be in full force
and effect.
The concerned real property shall not be conveyed other than by bona fide
sale which is subject to the provisions of this right of first refusal except as provided
in this paragraph. The property may be sold or otherwise conveyed to Steve Walker
if Steve Walker shall execute a Right of First Refusal granting unto Grantee the
same rights granted by Grantor herein to Grantee. If either party shall breach the
THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK
FOR RECORDING PURPOSES.
Rodwell Ranch, LLC / Cameron Properties Limited Partnership
Right of First Refusal
Page 1 of2
0318266
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conditions of this right of first refusal, the non-breaching party shall have the right to
recover their reasonable attorney's fees and costs. Any attempted sale or conyeyance
of the concerned real property which shall not comply with the tenns of this
agreement shall be void.
This Agreement shall be subordinate and junior to the legal operation and
effect of any present or future mortgage which is now or hereafter becomes a lien on
the Property.
In entering into this right of first refusal, Grantor releases and waives all
rights under and by virtue of the homestead exemption laws of the state of
Wyoming.
The real property encumbered and bound by this Right of First Refusal is
described as:
NEl/4SWl/4 and NWl/4 SEl/4 of SECTION 6 T23N, Rl15W, 6th
P.M., Lincoln Co., WY.
BY:
Rodwell Ranch, LLC, a Wyoming
limited liability company:
?atZ
Managing Member
STATE OF NcrtM [twóLiY\tl )
COUNTY OF New l- ttYlt5Ve~ ss.
The foregoing Right of First Refusalwas acknowledged before me by Rodwell Ranch,
LLC, a Wyoming limited liability company, by Roy O. Rodwell, its Managing Member, this
ID111 day of MCLtI ,20J)lQ.
Witness my hand ahd official seal.
My Commišsion Expires:
NOT~' /\/f ~
....
R
.IAIME MOORI
NotaIyPublo
.. d North CaroInI
New HanoYer CounIJ
CammIuIon ExpIret May 2. 2D09
Rodwell Ranch, LLC / Cameron Properties Limited Partnership
Right of First Refusal
Page 2 of2
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