Common Contracts

RE: Letter of Intent for Purchase of Assets of Village at the Harbor, a Washington corporation

July 27th, 2021

• Filed
  July 27th, 2021

This letter agreement is to serve as a “Letter of Intent” by and between San Juan County Public Hospital District No. 1 (the “District” or “Buyer”) and San Juan Assisted Living, LLC, a Washington limited liability company (the “Seller”). This Letter of Intent sets forth the intentions of the parties with respect to negotiating a definitive asset purchase agreement for the purchase, sale, and conveyance of title to the assets used generally in the operations of the business of Seller (the “Business”). The Assets (defined below) will be conveyed together with only the liabilities referred to below. The terms set forth herein are not inclusive of all terms to be included in any subsequent definitive written asset purchase agreement (“APA”) anticipated to be negotiated, executed, and delivered by and between Buyer and Seller in the immediate wake of this Letter of Intent.