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Purchase agreement summary

Predetermined location of a residential prefabricated static single occupancy Unit

Operating residential park home site in the UK with a plot of land measuring 20 metres long, 6.8 metres wide

Seller:

Concept Capital Group Ltd incorporated and registered in England and Wales with company number 12286171

Correspondence address:

3rd Floor The News Building, 3 London Bridge Street, London, SE1 9SG

Buyer:

Prospect

Product

A residential prefabricated static single occupancy unit as per the product specification

Product specification

Static single occupancy unit with bedroom options of 2 single beds (as per the plan) or a small double bed

Single Beds X2 - 2ft 6 inches (75cm) wide and 6 feet 3 inches (190cm) long

Double bed spec - 4ft wide (120cm) and 6ft 3 inches (190cm long)

Unit(s)

Number of product(s) purchased

Purchase price

£10,166.33

Plan

Example plan attached

Right of first refusal

The seller has the right of first refusal when the buyer wishes to sell the product

Insurance

The seller shall take out a policy to cover the replacement valuation of the static single occupancy unit

Delivery of static unit

Purchase Agreement Schedule

Within 60 days following the first working day of the following month after receipt of payment

https://concept-capital-group.com/contracts/purchase-agreement-schedule-single-occupancy-residential-prefabricated-static-unit/

Management agreement summary

Predetermined location of residential prefabricated static single occupancy Unit

Operating residential park home site in the UK with a plot of land measuring 20 metres long, 6.8 metres wide

Supplier

Concept Capital Group Ltd incorporated and registered in England and Wales with company number 12286171

Customer

Prospect

Predetermined occupant

Low income based government assisted individual or family

Initial term

12 years

Guaranteed rent

Management Company shall guarantee rental monies of £50.83 per Unit(s) each calendar month for the customer.

Buy-back of static home

Management company will have the option to buy back the Unit(s).

Insurance

The supplier will maintain public liability and product liability insurance for the Unit(s)

Management charges

The supplier will retain £67.83 per calendar month for the management of the site which will be taken from the total monthly rental income due

Facilities management

The management company will manage all repairs and maintenance of the unit(s) during the term.

Subcontracting

The supplier may subcontract their obligations with the consent of the customer (not to be unreasonably withheld)

Charges

The supplier shall retain the management fees per month of £67.83

The supplier will guarantee rental income of £50.83 per month for the customer

Guarantees

The customer to abide by all policies laid out by the Management Company

Insurance

The supplier will maintain a public liability insurance

The supplier will maintain in place a product replacement insurance

Break clause

The customer and supplier may terminate the agreement early by serving notice 6 months prior to the Break dates

On termination of agreement

Management Agreement Schedule

The supplier shall submit an exit management plan and assist in the transfer of services

https://concept-capital-group.com/contracts/management-agreement-schedule-single-occupancy-residential-prefabricated-static-unit/

Plan

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Timestamp

Audit

21 September 2022 1:52 pm BST

HEADS OF TERM(S) SUMMARY subject to agreeing complete term(s) within the Purchase & Management agreement Contract for a Single Occupancy Unit Uploaded by Ian Elliot - Director on behalf of Concept Capital Group - compliance@concept-capital-group.com IP 89