DEADLINE THIS FRIDAY

Sobu Owners:

1. We have a buyer for the property who we are assigning your contracts to
2. The price remains the same
3. The closing date remains the same (November, 2009)
4. There is a one-page amendment which MUST BE SIGNED BY ALL 132 OWNERS NO LATER THAN THIS FRIDAYThe amendment makes the following changes:
A. Buyer is required to submit a rezoning application within 60 days of the end of his 90 day inspection period
B. We negotiated fiercely on your behalf to remove the building permit contingency (otherwise that contingency could have allowed the buyer to close well after November 2009 due to the back log in the City of Atlanta and the fact that it often takes 1+ year to obtain a building permit)

WHERE DO WE STAND: We currently have 93 signed amendments in house. We have spoken to 16+/- owners who are sending in their signed amendments. We are working tirelessly to contact those 23 owners who have not yet signed an amendment. The buyer walks on Friday, which means the clock is ticking.

Please call or email me with any questions that you may have about the process.

Please keep in mind – ALL CONTRACTS THAT HAVE BEEN SIGNED (LAST YEAR, ETC.) BETWEEN YOURSELF AND SOBU ASSEMBLAGE, LLC, ARE LIVE CONTRACTS FOR A CERTAIN PRICE WITH A CLOSING DATE OF NOVEMBER 2009.

JOSH WILL BE AT THE SOBU BUILDING TONIGHT FROM 5 – 9PM TO MAKE IT CONVENIENT FOR THOSE 23 OWNERS TO SIGN THEIR AMENDMENTS. There is not much else we can do on our end…we have brought the buyer and we have communicated this amazing opportunity to you via 2 meetings, emails and blog posts.
THE CHOICE IS YOURS – THE OPPORTUNITY IS ONCE IN A LIFETIME!

Thanks to all who have been so passionate about this opportunity and who have jumped to sign paperwork quickly and even help us with recruiting and communicating with others. It has been a long journey...and only 2 days remain. THE DEADLINE IS FRIDAY AT 5PM.

Thanks,
Annie