Mississippi-Iuka-Tri-State Commerce Park Right of First Refusal - State of Mississippi and North American Software Associates Ltd.
STATE OF MISSISSIPPI AND NORTH AMERICAN SOFTWARE ASSOCIATES
RIGHT OF FIRST REFUSAL FOR TRI-STATE COMMERCE PARK
BUILDINGS 2029 AND 2030
For and in consideration of Ten Dollars and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
State of Mississippi, acting through the Mississippi Department of Economic and
Community Development, hereinafter the "State", hereby grants to North American
Software Associates, Ltd. a Right of First Refusal for building number 2029, as
described in Exhibit A attached hereto and incorporated herein, and building
number 2030, as described in Exhibit B attached hereto and incorporated herein,
located in the Tri-State Commerce Park, Tishomingo County, Mississippi subject
to the following conditions:
1. TERM
This right of first refusal is granted for a twelve (12) month period.
Contingent upon execution of this document by both parties, such twelve (12)
month period will commence August 1, 2000 and cease July 31, 2001. Such term
may be extended by mutual written agreement of the State and North American
Software Associates.
2. NOTICE
The State will notify North American Software in writing within
fifteen (15) days of receipt of a bona fide, reasonable value offer, as
determined by the State, for the lease of Building 2029 or Building 2030.
Within fifteen (15) days of receipt of said notice by the State, North American
Software will exercise its first right of refusal by notifying the State in
writing of its intent to exercise and by paying to the State within a
reasonable time thereafter a sum equal to or greater than that offered to the
State by a third party. The failure of North American Software to exercise its
right within said time will result in the forfeiture and loss of its first
right of refusal.
3. ASSIGNMENT
North American Software shall neither transfer nor assign this right.
PARTIES TO NOTICES
Any notice required to be given by either party to the other party
under the terms of this agreement shall be served upon such party by
United States Certified Mail as follows:
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TO THE STATE:
James C. Burns, Jr.
Executive Director
Mississippi Department of Economic and Community Development
Post Office Box 849
Jackson, Mississippi 39205
TO NORTH AMERICAN SOFTWARE, INC.
Robert Crawford
Building #1000
751 CR989
Iuka, MS 38852
4. SIGNATURES
WITNESS the signatures of the parties of this the 11th day of August,
2000.
MISSISSIPPI DEPARTMENT OF ECONOMIC
AND COMMUNITY DEVELOPMENT
BY:
-------------------------------
JAMES C. BURNS, JR.
Executive Director
NORTH AMERICAN SOFTWARE, INC.
BY:
-------------------------------
ROBERT CRAWFORD
-------------------------------
(Title)
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YELLOW CREEK - BUILDING 2029
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Tishomingo County, Mississippi
Building 2029 is an old TVA building modified to serve as the
propellant mix-cast remote control room. Water, sewer, and natural gas
are installed. Electrical service is available. Rail service is also
available for this 18,000-square-foot metal building. All site
utilities are available, but none are connected. The facility is being
used as a warehouse.
EXHIBIT A
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YELLOW CREEK - BUILDING 2030
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Tishomingo County, Mississippi
This facility is a 36,141-square-foot structural steel-framed building. It was
designed to be the Non-Destructive Evaluation facility for the Advanced Solid
Rocket Motor (ASRM) project. The building's design meets the requirements of
the 1988 Uniform Building Code. The facility was completed and put into
operation during 1993.
o Dimensions: 143 feet 10 inches by 238 feet 6 inches
o Eave height of 37 feet
o Six-inch-thick foam-insulated metal roof
o Fire alarm system and fully sprinkled
o Air pallet quality floors
o X-RAY room area of 4,420 square feet
o Installed RTR equipment - 3000A Linatron
o Centralized control room with raised computer floor
o Compressed air system and potable water system
o HVAC: Both hot and cold water are supplied from a utility room located
in the facility. Four AHUs distribute the heated/cooled air throughout
the facility. The system will maintain the relative humidity below 50
percent.
EXHIBIT B