Notice the purchaser may at their own discretion and

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notice, the Purchaser may at their own discretion and without prejudice to their rights and remedies rescind this Agreement and the family shall refund the full purchase price paid to the Purchaser within Fourteen (14) days of such rescission without any deduction, set off or counter-claim whatsoever. 3) STANDARD DOCUMENTS The Purchaser hereby acknowledges that the documents relating to this transaction prepared by the family witness are standard documents to be executed by all purchasers of the other collage installations and the Purchaser accepts them as they are. 4) CONDITION OF THE PROPERTY 12.1 The Purchaser prior to the date of this Agreement, having inspected the collage condition shall be deemed to have notice of the identity and of the intended actual state and condition of the Property and takes it subject to such state and condition. 12.2 In all matters relating to the carrying out of the works and finishing and the workmanship thereof and in authorising any necessary variations, upon the documentation of Practical Completion being issued the family shall be deemed to have carried out its obligations as far as the works are concerned in full and the Purchaser shall take the Property on an “as-is” basis. 5) SURVIVAL Notwithstanding the sale of the Property and the transfer of a share in the collage and -3-
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the registration of the Lease in favour of the Purchaser this Agreement shall continue to remain in force until all the parties’ obligations have been performed and the transactions envisaged herein are fully completed. 6) RISK Risk for the Property shall pass to the Purchaser on the date of handover of the same to the Purchaser by the family upon receipt by the family of the balance of the property. 7) TRANSFER OF THE PROPERTY The family shall if so required by the Purchaser transfer the Property to a nominee(s) of the Purchaser. 8) WAIVER No failure or delay by the family or the Purchaser in exercising any claim, remedy, right, power or privilege under this Agreement shall operate as a waiver nor shall any single or partial exercise of any claim, remedy, right, power or privilege preclude any further exercise thereof or the exercise of any other claim, right or power. 9) REMEDIES CUMULATIVE Any remedy or right conferred upon the family or the Purchaser for breach of this Agreement including the right of rescission shall be in addition to and without prejudice to all other rights and remedies available to them. 10) AMENDMENT No amendment to this Agreement shall be effective unless signed in the same manner as this Agreement. 11) NO WARRANTY The Parties confirm that they have willingly entered into this Agreement without any undue influence or representation or warranty except as provided in this Agreement. 12) NOTICE Any notice to be given to any Party to this Agreement shall be in writing and shall be deemed to be duly served by being sent by registered post to the address indicated in paragraph 1 above.
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