|
EXHIBIT A — Commission Schedule
<br />A. 3a/e. Aatosales ofreal property, CBRE'scommission shall befive percent (596)ofthe gross sales price.
<br />If a cooperating broker or salesperson procures the sale, the commission will be seven percent (7%) of the
<br />Qmoa sales price. Gross sales pho* shall include any and all consideration received or naceivab|e, in
<br />whatever form, including but not limited to assumption or release of existing liabilities. In the event this ao|e
<br />is inconnection with a"build tosuit" transaction, the commission shall be calculated onthe gross sales
<br />phoo plus the Omao construction cost of the building to be constructed on the Property. The commission
<br />shall be earned and paid on the date title to the Property is transferred to the purchaser; provided, however,
<br />that if the transaction involves an installment contract, then payment shall be made upon execution of such
<br />contract. |nthe event you contribute orconvey the Property urany interest therein to uorporation, joint
<br />mantuna, partnership, or other business enthy, the commission shall be calculated on the fair market value
<br />of the Property or the portion thereof that is so tranohsmsd, and shall be earned and paid at the time of the
<br />contribution or transfer. If you are a partnamhip, corpmration, orother business entih/, and an interest in the
<br />portnerahip, corporation orother business entity is transferred, whether by merger, outright purchase or
<br />otherwise, in lieu of a sale of the Property, and applicable law does not prohibit the payment of a commission
<br />in connection with such sale or transfer, the commission shall be calculated on the fair market value of the
<br />Property, rather than the gross sales price, multiplied by the percentage of interestootransferred, and shall
<br />bepaid at the time ofthe transfer.
<br />1Definitions. Under this Agreement the terms "sell," "sale" or "sold" shall r-nean: (a) an exchange of
<br />the Property; (b) the granting of an option to purchase the Property; or (c) any other transfer,
<br />conveyance or contribution ofecontrolling interest in the Property or in the entity which owns the
<br />Pn»perty, induding, but not limited to, situations where you are uoqponsdon, partnership orother
<br />business entity and auontroUing interest in such coqporation, partnership orother business entity
<br />in tnansfened, whether by merger, outright purchase or otherwise, in lieu of ao|e of the Property.
<br />2. Option to Purchase. If you grant an option to purchase the Pvoperty, you agree to pay us o
<br />commission in accordance with this Commission Schedu|e, on the price paid for the option and for
<br />any extensions when you receive payment for any such option and/or extensions. If the option is
<br />exeoiaed, whether during the Term or after, we will earn o further commission in accordance with
<br />this Agreement, Notwithstanding the foregoing, to the extent that all or part of the price paid for the
<br />option orany extension thereof is applied to the sales price of the Proporty, then any commission
<br />previously paid by you to us on account of the option payments will be credited against the
<br />commission payable touoonaccount ofthe exercise ofthe option.
<br />3. Broker (CBRE) shall receive a minimum fee based on a sales price of $1.50 per gross SF for the
<br />sale of any industrial or office land and a minimum fee of $5.000.00 for the sale of any residential
<br />parcel of land $5.00O.00for the sale of any residential parcel of land greater than $45.000; and, a
<br />minimum fee of $3,500.00 for the sale of any residential parcel of land less than or equal to $45,000.
<br />4, If a potential prospect/buyer is generated by the City of Ramsey with no prior contactor discussions
<br />with/from CBRE than the -commission will be reduced to 396 of the gross sales price to calculate
<br />commissions. If potential buyer generated by City ofRamsey has o cooperative broker the CBRE
<br />Listing Team commission will be equal to the cooperative broker and in no event will be no higher
<br />than3.5%.
<br />s\Como°msconornicDevelopment o/°smmpron rties\oans\Co"tract\2019nevie°u/stinn*ore°men,oitymn"msey7919oea"uoc"
<br />5
<br />
|