Assignment information for Woodward’s

Assignment Terms and Conditions from the Woodward’s Disclosure Statement

“The Buyer may only assign the Buyer’s interest in this Agreement on or after that date which is 12 months after the Acceptance Date and on or before that date which is three months prior to the estimated Closing Date, and in any event, only if: (a) all Deposits required to be paid on or before the proposed date of assignment have been paid; and (b) the Buyer has obtained the prior written consent of the Seller (the developer) which consent will not be unreasonably withheld. Any request for the consent of the Seller (the developer) to the assignment of the Buyer’s interest in this Agreement must be made via the Seller’s (the developer’s) Real Estate Agent, as defined in the Disclosure Statement. No assignment by the Buyer shall release the Buyer from the Buyer’s obligations hereunder. The Buyer shall pay to the Seller (the developer) an administration fee equal to 1.0% of the assignment price paid by the assignee to the Buyer (plus GST) for the assignment of the Buyer’s interest in the Unit or in this Agreement (the “Assignment”) as consideration for agreeing to the Assignment and for any associated legal and administrative costs. The Buyer shall not advertise or solicit offers from the public nor list the Unit on the Multiple Listing Service with respect to the resale of the Buyer’s interest in the Unit prior to the Closing Date, except through the Seller’s (the developer’s) Real Estate Agent, as defined in the Disclosure Statement, without the prior written consent of the Seller (the developer), which consent may be refused by the Seller in the Seller’s sole discretion. “