Letter of Termination of Purchase and Sale Agreement by Terwilliger Brothers Residential LLC to Brooksville Development Partners, LLC
Terwilliger Brothers Residential LLC (the Buyer) has formally notified Brooksville Development Partners, LLC (the Seller) that it is terminating their Purchase and Sale Agreement dated April 9, 2024. The termination is made according to Section 4 of the Agreement. The Buyer will separately instruct the escrow agent to return the deposit. This letter serves as official notice of the termination and outlines the next steps regarding the deposit.
Exhibit 10.1
| June 7, 2024 |
VIA EMAIL
Brooksville Development Partners, LLC
Two Northfield Plaza, Suite 320
Northfield, IL 60093
Attn: Alex Zdanov
Email: EMAIL REDACTED
Ruchim & Hudson, P.C.
3000 Dundee Road
Suite 415
Northbrook, IL 60062
Attn: Mitchell Ruchim
Email: EMAIL REDACTED
Chicago Title Insurance Company
5215 Old Orchard Rd #400
Skokie, IL 60077
Attn.: Alisa Habibovic
Phone: PHONE REDACTED
Email: EMAIL REDACTED
| Re: | Purchase and Sale Agreement between Brooksville Development Partners, LLC, a Florida limited liability company (“Seller”), and Terwilliger Brothers Residential LLC, a Florida limited liability company (“Buyer”), dated effective as of April 9, 2024 (the “Agreement”) |
Dear All:
As you know, this firm represents Buyer in connection with the above referenced Purchase Agreement. Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement.
Buyer hereby terminates the Purchase Agreement pursuant to Section 4 thereof. Buyer will provide Escrow Agent with instructions for the return of the Deposit under separate cover.
Please contact me in the event you have any questions.
| Very truly yours, | |
| /s/ Mathew S. Poling | |
| Mathew S. Poling |
TAMPA Tel: 813 ###-###-#### Fax: 813 ###-###-#### | ST. PETERSBURG Tel: 727 ###-###-#### Fax: 727 ###-###-#### | |
101 E. KENNEDY BOULEVARD TAMPA, FL 33602 | WWW.TRENAM.COM | 200 CENTRAL AVENUE ST. PETERSBURG, FL 33701 |
