EFTA00793114.pdf

July 4,2014 Lucian L Leapt and Mxtha P. Leapt do Shippen L. Pap, Esquire 174 Lake View Avenue Cambridge, MA 02138 AvramNoam Chomsky a/o Cheryl A. Edelman, Esquire Edwards Wildman Palmer LLP 111 Huntington Avenue Boston, MA 02199 RE: Apartment 404 at 984 Memorial Drive, Cambridge, Massachusetts and 70 shares of Common Stock in Longview Corporation Dear Oentlepeople: As requested by the Lucian L. Leape and Martha P. Leape ("Seller"), the Board ofDirectors has approved Iho proposed transfer of 70 shares of common stook in Longview Corporation together with the appurtenant lease tights to Apartment 404 at 984 Memorial Drive, Cambridge, Massachusetts, to Avram Norm Chomsky ("Buyer). Enclosed is an unsigned copy of the Clerk's Certificate certifying such approval, which is subject to certain terms and conditions as described in the Certificate. To complete the proposed transfer, the following conditions mum be satisfied: 1. The Sofia must pay 1.5% of the sale price to the Corporation in necordanco with an Amendment to the Articles ofOrganization passed by Vote of the stockholders on April 27,1988. The purpose of this transfer fee is to provide funds for the upkeep of the commonly owned parts ofthe building. 2. The payment of all costs and expenses, including attorney's fees, incurred by the Corporation in connection with the proposed transfer and/or financing the transfer, shall be the obligation of the Buycr who shall either pay or provide for the payment of such costs and expenses. While a negotiated Purchase and Sale Agreement between buyer and Seller may allocate to Buyer or Seller the obligation to pay such costs and expenses, regardless of any such agreement, Longview will nevertheless look to the Buyer for payment of any and all costs and expenses not promptly paid EFTA00793114 qlCIYUir.P.1.P.IPP. Nair° SUN= I* Page, Esquire July , 2014 Page Two 3. A: the closing, the Seller mast provide to Longview a copy of the Buyer's certification of receipt of the Massachusetts Department of Public Health's notification package respecting the Lead Poisoning Prevention and Control Law and related Regulations, and of the Seller's compliance with O.L. Chapter III, SECTION 197A. The Seller shall also provide a copy of Purchase and Sale Agreement or other written agreement providing that, whenever a child or children under six years of age resides in the subject apartment, the Buyer shall remove or cover any paint, plaster or other accessible material containing dangerous levels of lead in the apartment so as to make it inaccessible to children under six years of age, in conformity with the Lead Law, G.L. Chapter III, Sections 190-199A and the Lead Poisoning Regulations, 105 CMR 460.000 of seq. At the closing on the proposed Mentor, the Buyer will be required to provide innance with a combined single limited liability insurance against bodily injury, personal injury and property damage In an amount not less than 3300,000.00. An insurance binder evidencing such insurance must be provided to Longview Corporation at the closing. If you have any questions regarding the insurance coverage maintained by the Corporation, please us know. It shall be the Buyer's obligation to insure personal property and to obtain such let tenant insurance coverage including so-called Toes assessment coverage and additions and alterations coverage, as the Buyer may desire. Please acknowledge your understanding and agreement to the terms and conditions of this proposed transfer, as set forth in this letter and the enclosed Certificate, by signing the enclosed copy of this letter and returning it to us. We must receive both the Buyer's and the Seller's acknowledgement prior to the closing and the delivery of the original Clerk's Certificate. If you have any questions, please contact me. cc: Roger Smith, President UWE ASSENT TO THE ABOVE: isitua k. Letts-- t7e1A-1,116-61.A "radii P b FIVYRR ULU* IlYrdbnplow/CHOMSKY- be Obamort) 1 EFTA00793115 Cheryl A. Edelman, Esquire Shippen L Page, Esquire July , 2014 Page Two 3. At the dosing, the Seller must provide to Longview a copy of the Buyer's certification of receipt of the Massachusetts Department of Public Health's notification package respecting the Lead Poisoning Prevention and Control Law and related Regulations, and of the Sakes compliance with G.L. Chapter III, SECTION 197A. The Seller shall also provide a copy of a Purchase and Sale Agreement or other written agreement providing that, whenever a child or children under six years of age resides in the subject apartment, the Buyer shall remove or cover any paint, plaster or other accessible material containing dangerous levels of lead In the apartment so as to make it inaccessible to children under six years of age, in conformity with the Lead Law, G.L. Chapter III, Sections 190-199A and the Lead Poisoning Regulations, 105 CMR 460.000 of seq. At the closing on the proposed transfer, the Buyer will be required to provide insurance with a combined single limited liability insurance against bodily injury, personal inJw'y and property damage in an amotmt not less than $300,000.00. An Insurance binder evidencing such insurance must be provided to Longview Corporation at the dosing. If you have my questions regarding the insurance coverage maintained by the Corporation, please let us bow. It shall be the Buyers obligation to insure personal property and to obtain such tenant insurance coverage including so. cal led loss assessment coverage and additions and alterations coverage, as the Buyer may desire. Please acknowledge your understanding and agreement to the terms and conditions of this proposed treader, as set forth in this letter and the enclosed Certificate, by signing the enclosed copy of this letter and returning it to us. We must receive both the Buyer's and the Seller's acknowledgement prior to the closing and the delivery of the original Clerk's Certificate. If you have any questions, please contact me. co: Roger Smith, President I/WE ASSENT TO THE ABOVE: SELLER u7 fA. apt BUYER 44ana) SELLER BUYER Ilharlonsykw/C/ICAMY. bd &tam EFTA00793116