Notice of Exercise of Option to Purchase under Lease Agreement between 530 Regency Drive Associates, L.P. and West Pharmaceutical Services, Inc.

Contract Categories: Real Estate › Lease Agreements
Summary

West Pharmaceutical Services, Inc. notifies 530 Regency Drive Associates, L.P. that it is exercising its option to purchase the leased property, as allowed under their December 17, 2010 Lease Agreement. This notice is given according to the terms specified in Section 43(a) of the Lease. The letter serves as the official notice required by the agreement, confirming the tenant's intent to buy the property from the landlord.

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EX-10.2 2 exhb10.htm NOTICE OF EXERCISE OF OPTION exhb10.htm

Exhibit 10.2

     
 
 
 
February 25, 2011
 
Via Hand Delivery
530 Regency Drive Associates, L.P.
c/o The Hankin Group
707 Eagleview Boulevard
Exton, PA  19341

Attention:  Robert S. Hankin, President
 
Re:           Notice of Exercise of Option to Purchase under Lease Agreement dated December 17, 2010 (the “Lease”) between 530 Regency Drive Associates, L.P. (“Landlord”) and West Pharmaceutical Services, Inc. (“Tenant”)

Dear Mr. Hankin:
 
Pursuant to Section 43(a) of the Lease, Tenant hereby exercises its Option to Purchase the Leased Property pursuant to the terms and conditions of the Lease.  This letter shall serve as Tenant’s Option Notice, as such term is defined under the Lease.
 
Should you have any questions, please feel free to contact me.
 
 
Very truly yours,   
 
 


Enclosure
 
cc:    Edward J. Hollin, Esquire
                 Bart I. Mellis, Esquire