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Home My WebLink AboutDRB17-0106_Unit 503 Title Documents_1490985540.pdf Lublan S.A., a British Virgin Islands Company Paseo de la Reforma 365, Col Cuauhtemoc, Mexico, D.F., C.P. 06500 Ikr stewart Mary McDougall Stewart Title-Edwards Escrow Officer 97 Main Street,Ste W-201 Edwards,CO 81632 (970)479-6010 Phone (970)926-0235 Fax mary.mcdougall@stewart.com December 02, 2014 Lublan S.A., a British Virgin Islands Company Paseo de la Reforma 365, Col Cuauhtemoc, Mexico, D.F., C.P. 06500 File No: 01330-48074 Property Address: 68 E. Meadow Drive, Unit 503 &732, Vail, CO 81657 Dear Customer: Congratulations on your recent real estate purchase. Enclosed is your Owner's Title Policy. The policy premium was paid for by the Seller at the time of closing, so there are no monies due from you in this regard. Please review and retain your policy with your other valuable records. We have a permanent file regarding your property and can offer expedient and cost efficient service with your future transactions. In the event you decide to sell or refinance your property in the future, please contact us for special discounts and faster service. You may access all your closing documents through the Internet on SureClose by visiting www.stewartcolorado.com. You may contact your local Escrow Officer for login and password information. Sincerely, Stewart Title- Edwards If you want information about coverage or need assistance to resolve complaints,please call our toll free number: 1-800-729-1902. If you make a claim under your policy,you must furnish written notice in accordance with Section 3 of the Conditions. Visit our World-Wide Web site at http://www.stewart.com. ALTA Owner's Policy(6/17/06) OWNER'S POLICY OF TITLE INSURANCE ISSUED BY STEWART TITLE GUARANTY COMPANY Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS, STEWART TITLE GUARANTY COMPANY, a Texas corporation, (the "Company") insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage,not exceeding the Amount of Insurance,sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from (a) A defect in the Title caused by (i) forgery,fraud,undue influence,duress,incompetency,incapacity,or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created,executed,witnessed,sealed,acknowledged,notarized,or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified,expired,or otherwise invalid power of attorney; (vi) a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law;or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable,but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land,and encroachments onto the Land of existing improvements located on adjoining land. 3. Unmarketable Title. 4. No right of access to and from the Land. 5. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting,regulating,prohibiting,or relating to (a) the occupancy,use,or enjoyment of the Land; (b) the character,dimensions,or location of any improvement erected on the Land; (c) the subdivision of land;or (d) environmental protection if a notice,describing any part of the Land,is recorded in the Public Records setting forth the violation or intention to enforce,but only to the extent of the violation or enforcement referred to in that notice. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action,describing any part of the Land,is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. Countersigned by: stewart title guaranty company .vim < a/776 Authorized Countersignature Matt Morris `�� President and CEO 4..t�'LE Stewart Title p pos? 97 Main Street, Suite W201 Edwards, CO 81632 1 9 0 tf "- 3a #i;4 / rE x I~S., " Agent ID: 060058 Denise C.rraux Secretary Copyright 2006-2009 American Land Title Association. All rights reserved. NOMININ The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. i-Ekf?r t rt s File No. 01330-48074 Page 1 of Policy Serial No.:0-9301-003313936 COVERED RISKS(Continued) 9. Title being vested other than as stated in Schedule A or being defective (i) to be timely;or (a) as a result of the avoidance in whole or in part, or from a court (ii) to impart notice of its existence to a purchaser for value or to order providing an alternative remedy,of a transfer of all or any a judgment or lien creditor. part of the title to or any interest in the Land occurring prior to the 10. Any defect in or lien or encumbrance on the Title or other matter transaction vesting Title as shown in Schedule A because that included in Covered Risks 1 through 9 that has been created or prior transfer constituted a fraudulent or preferential transfer attached or has been filed or recorded in the Public Records under federal bankruptcy, state insolvency, or similar creditors' subsequent to Date of Policy and prior to the recording of the deed or rights laws;or other instrument of transfer in the Public Records that vests Title as (b) because the instrument of transfer vesting Title as shown in shown in Schedule A. Schedule A constitutes a preferential transfer under federal The Company will also pay the costs, attorneys' fees, and expenses bankruptcy, state insolvency, or similar creditors' rights laws by incurred in defense of any matter insured against by this Policy, but only reason of the failure of its recording in the Public Records to the extent provided in the Conditions. EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this (b) not Known to the Company, not recorded in the Public Records policy, and the Company will not pay loss or damage, costs, attorneys' at Date of Policy, but Known to the Insured Claimant and not fees,or expenses that arise by reason of: disclosed in writing to the Company by the Insured Claimant 1. (a) Any law,ordinance,permit,or governmental regulation(including prior to the date the Insured Claimant became an Insured under those relating to building and zoning) restricting, regulating, this policy; prohibiting,or relating to (c) resulting in no loss or damage to the Insured Claimant; (i) the occupancy,use,or enjoyment of the Land; (d) attaching or created subsequent to Date of Policy(however,this (ii) the character, dimensions, or location of any improvement does not modify or limit the coverage provided under Covered erected on the Land; Risk 9 and 10);or (iii) the subdivision of land;or (e) resulting in loss or damage that would not have been sustained if (iv) environmental protection; the Insured Claimant had paid value for the Title. or the effect of any violation of these laws, ordinances, or governmental 4. Any claim, by reason of the operation of federal bankruptcy, state regulations. This Exclusion 1(a) does not modify or limit the coverage insolvency, or similar creditors' rights laws, that the transaction provided under Covered Risk 5. vesting the Title as shown in Schedule A,is (b) Any governmental police power. This Exclusion 1(b) does not (a) a fraudulent conveyance or fraudulent transfer;or modify or limit the coverage provided under Covered Risk 6. (b) a preferential transfer for any reason not stated in Covered Risk 2. Rights of eminent domain. This Exclusion does not modify or limit 9 of this policy. the coverage provided under Covered Risk 7 or 8. 5. Any lien on the Title for real estate taxes or assessments imposed by 3. Defects,liens,encumbrances,adverse claims,or other matters governmental authority and created or attaching between Date of (a) created, suffered, assumed, or agreed to by the Insured Policy and the date of recording of the deed or other instrument of Claimant; transfer in the Public Records that vests Title as shown in Schedule A. CONDITIONS 1. DEFINITION OF TERMS Insured named in Schedule A for estate planning The following terms when used in this policy mean: purposes. (a) "Amount of Insurance": The amount stated in Schedule A, as (ii) with regard to (A), (B), (C), and (D) reserving, however, all may be increased or decreased by endorsement to this policy, rights and defenses as to any successor that the Company increased by Section 8(b), or decreased by Sections 10 and 11 would have had against any predecessor Insured. of these Conditions. (e) "Insured Claimant": An Insured claiming loss or damage. (b) "Date of Policy": The date designated as "Date of Policy" in (f) "Knowledge" or "Known": Actual knowledge, not constructive Schedule A. knowledge or notice that may be imputed to an Insured by (c) "Entity": A corporation, partnership, trust, limited liability reason of the Public Records or any other records that impart company,or other similar legal entity. constructive notice of matters affecting the Title. (d) "Insured": The Insured named in Schedule A. (g) "Land": The land described in Schedule A, and affixed (i) the term"Insured"also includes improvements that by law constitute real property. The term (A) successors to the Title of the Insured by operation of law "Land" does not include any property beyond the lines of the as distinguished from purchase, including heirs, area described in Schedule A,nor any right,title,interest,estate, devisees,survivors,personal representatives, or next of or easement in abutting streets, roads, avenues, alleys, lanes, kin; ways, or waterways, but this does not modify or limit the extent (B) successors to an Insured by dissolution, merger, that a right of access to and from the Land is insured by this consolidation,distribution,or reorganization; policy. (C) successors to an Insured by its conversion to another (h) "Mortgage": Mortgage, deed of trust, trust deed, or other kind of Entity; security instrument, including one evidenced by electronic (D) a grantee of an Insured under a deed delivered without means authorized by law. payment of actual valuable consideration conveying the (i) "Public Records": Records established under state statutes at Title Date of Policy for the purpose of imparting constructive notice of (1) if the stock, shares, memberships, or other equity matters relating to real property to purchasers for value and interests of the grantee are wholly-owned by the without Knowledge. With respect to Covered Risk 5(d), "Public named Insured. Records"shall also include environmental protection liens filed in (2) if the grantee wholly owns the named Insured. the records of the clerk of the United States District Court for the (3) if the grantee is wholly-owned by an affiliated Entity district where the Land is located. of the named Insured, provided the affiliated Entity (j) "Title": The estate or interest described in Schedule A. and the named Insured are both wholly-owned by (k) "Unmarketable Title": Title affected by an alleged or apparent the same person or Entity,or matter that would permit a prospective purchaser or lessee of the (4) if the grantee is a trustee or beneficiary of a trust Title or lender on the Title to be released from the obligation to created by a written instrument established by the purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. Copyright 2006-2009 American Land Title Association. All rights reserved. 1111101111111111 The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. ,1M1 014..aN All other uses are prohibited. Reprinted under license from the American Land Title Association. t SAND ri f i t scs.re;�or: File No. 01330-48074 Page 2 of Policy Serial No.:0-9301-003313936 CONDITIONS(Continued) 2. CONTINUATION OF INSURANCE Company all reasonable aid (i) in securing evidence,obtaining The coverage of this policy shall continue in force as of Date of witnesses,prosecuting or defending the action or proceeding,or Policy in favor of an Insured, but only so long as the Insured retains effecting settlement, and (ii) in any other lawful act that in the an estate or interest in the Land, or holds an obligation secured by a opinion of the Company may be necessary or desirable to purchase money Mortgage given by a purchaser from the Insured,or establish the Title or any other matter as insured. If the only so long as the Insured shall have liability by reason of warranties Company is prejudiced by the failure of the Insured to furnish the in any transfer or conveyance of the Title. This policy shall not required cooperation, the Company's obligations to the Insured continue in force in favor of any purchaser from the Insured of either under the policy shall terminate, including any liability or (i)an estate or interest in the Land,or(ii)an obligation secured by a obligation to defend, prosecute, or continue any litigation, with purchase money Mortgage given to the Insured. regard to the matter or matters requiring such cooperation. (b) The Company may reasonably require the Insured Claimant to 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT submit to examination under oath by any authorized The Insured shall notify the Company promptly in writing(i)in case of representative of the Company and to produce for examination, any litigation as set forth in Section 5(a) of these Conditions, (ii) in inspection,and copying,at such reasonable times and places as case Knowledge shall come to an Insured hereunder of any claim of may be designated by the authorized representative of the title or interest that is adverse to the Title, as insured,and that might Company,all records,in whatever medium maintained,including cause loss or damage for which the Company may be liable by virtue books, ledgers, checks, memoranda, correspondence, reports, of this policy, or (iii) if the Title, as insured, is rejected as e-mails,disks,tapes, and videos whether bearing a date before Unmarketable Title. If the Company is prejudiced by the failure of the or after Date of Policy, that reasonably pertain to the loss or Insured Claimant to provide prompt notice,the Company's liability to damage. Further, if requested by any authorized representative the Insured Claimant under the policy shall be reduced to the extent of the Company,the Insured Claimant shall grant its permission, of the prejudice. in writing, for any authorized representative of the Company to examine,inspect,and copy all of these records in the custody or 4. PROOF OF LOSS control of a third party that reasonably pertain to the loss or In the event the Company is unable to determine the amount of loss damage. All information designated as confidential by the or damage,the Company may,at its option, require as a condition of Insured Claimant provided to the Company pursuant to this payment that the Insured Claimant furnish a signed proof of Section shall not be disclosed to others unless,in the reasonable loss. The proof of loss must describe the defect,lien, encumbrance, judgment of the Company,it is necessary in the administration of or other matter insured against by this policy that constitutes the the claim. Failure of the Insured Claimant to submit for basis of loss or damage and shall state, to the extent possible, the examination under oath, produce any reasonably requested basis of calculating the amount of the loss or damage. information, or grant permission to secure reasonably necessary information from third parties as required in this subsection, 5. DEFENSE AND PROSECUTION OF ACTIONS unless prohibited by law or governmental regulation, shall (a) Upon written request by the Insured, and subject to the options terminate any liability of the Company under this policy as to that contained in Section 7 of these Conditions, the Company, at its claim. own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; a claim covered by this policy adverse to the Insured. This TERMINATION OF LIABILITY obligation is limited to only those stated causes of action alleging In case of a claim under this policy, the Company shall have the matters insured against by this policy. The Company shall have following additional options: the right to select counsel of its choice(subject to the right of the (a) To Pay or Tender Payment of the Amount of Insurance. To pay Insured to object for reasonable cause)to represent the Insured or tender payment of the Amount of Insurance under this policy as to those stated causes of action. It shall not be liable for and together with any costs, attorneys'fees, and expenses incurred will not pay the fees of any other counsel. The Company will not by the Insured Claimant that were authorized by the Company pay any fees, costs, or expenses incurred by the Insured in the up to the time of payment or tender of payment and that the defense of those causes of action that allege matters not insured Company is obligated to pay. Upon the exercise by the against by this policy. Company of this option, all liability and obligations of the (b) The Company shall have the right, in addition to the options Company to the Insured under this policy,other than to make the contained in Section 7 of these Conditions, at its own cost, to payment required in this subsection, shall terminate, including institute and prosecute any action or proceeding or to do any any liability or obligation to defend, prosecute, or continue any other act that in its opinion may be necessary or desirable to litigation. establish the Title, as insured, or to prevent or reduce loss or (b) To Pay or Otherwise Settle With Parties Other Than the Insured damage to the Insured. The Company may take any appropriate or With the Insured Claimant. action under the terms of this policy, whether or not it shall be (i) to pay or otherwise settle with other parties for or in the liable to the Insured. The exercise of these rights shall not be an name of an Insured Claimant any claim insured against admission of liability or waiver of any provision of this policy. If under this policy. In addition, the Company will pay any the Company exercises its rights under this subsection, it must costs,attorneys'fees,and expenses incurred by the Insured do so diligently. Claimant that were authorized by the Company up to the (c) Whenever the Company brings an action or asserts a defense as time of payment and that the Company is obligated to pay; required or permitted by this policy, the Company may pursue or the litigation to a final determination by a court of competent (ii) to pay or otherwise settle with the Insured Claimant the loss jurisdiction, and it expressly reserves the right, in its sole or damage provided for under this policy, together with any discretion,to appeal any adverse judgment or order. costs,attorneys'fees,and expenses incurred by the Insured 6. DUTY OF INSURED CLAIMANT TO COOPERATE Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. (a) In all cases where this policy permits or requires the Company to Upon the exercise by the Company of either of the options prosecute or provide for the defense of any action or proceeding provided for in subsections (b)(i) or (ii), the Company's and any appeals, the Insured shall secure to the Company the obligations to the Insured under this policy for the claimed loss or right to so prosecute or provide defense in the action or damage, other than the payments required to be made, shall proceeding, including the right to use, at its option, the name of terminate, including any liability or obligation to defend, the Insured for this purpose. Whenever requested by the prosecute,or continue any litigation. Company,the Insured,at the Company's expense,shall give the Copyright 2006-2009 American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. A:a t CitAN All other uses are prohibited. Reprinted under license from the American Land Title Association. t A+4 t'I f r 1 t File No. 01330-48074 "„,„"' Page 3 of Policy Serial No.:0-9301-003313936 *"` CONDITIONS(Continued) 8. DETERMINATION AND EXTENT OF LIABILITY If a payment on account of a claim does not fully cover the This policy is a contract of indemnity against actual monetary loss or loss of the Insured Claimant, the Company shall defer the damage sustained or incurred by the Insured Claimant who has exercise of its right to recover until after the Insured Claimant suffered loss or damage by reason of matters insured against by this shall have recovered its loss. policy. (b) The Company's right of subrogation includes the rights of the (a) The extent of liability of the Company for loss or damage under Insured to indemnities,guaranties,other policies of insurance,or this policy shall not exceed the lesser of bonds, notwithstanding any terms or conditions contained in (i) the Amount of Insurance;or those instruments that address subrogation rights. (ii) the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by 14. ARBITRATION this policy. Either the Company or the Insured may demand that the claim or (b) If the Company pursues its rights under Section 5 of these controversy shall be submitted to arbitration pursuant to the Title Conditions and is unsuccessful in establishing the Title, as Insurance Arbitration Rules of the American Land Title Association nsured, ("Rules"). Except as provided in the Rules,there shall be no joinder (i) the Amount of Insurance shall be increased by 10%,and or consolidation with claims or controversies of other persons. (ii) the Insured Claimant shall have the right to have the loss or Arbitrable matters may include, but are not limited to, any damage determined either as of the date the claim was controversy or claim between the Company and the Insured arising made by the Insured Claimant or as of the date it is settled out of or relating to this policy, any service in connection with its and paid. issuance or the breach of a policy provision, or to any other (c) In addition to the extent of liability under (a) and (b), the controversy or claim arising out of the transaction giving rise to this Company will also pay those costs, attorneys' fees, and policy. All arbitrable matters when the Amount of Insurance is expenses incurred in accordance with Sections 5 and 7 of these $2,000,000 or less shall be arbitrated at the option of either the Conditions. Company or the Insured. All arbitrable matters when the Amount of Insurance is in excess of$2,000,000 shall be arbitrated only when 9. LIMITATION OF LIABILITY agreed to by both the Company and the Insured. Arbitration (a) If the Company establishes the Title, or removes the alleged pursuant to this policy and under the Rules shall be binding upon the defect, lien, or encumbrance, or cures the lack of a right of parties. Judgment upon the award rendered by the Arbitrator(s)may access to or from the Land, or cures the claim of Unmarketable be entered in any court of competent jurisdiction. Title, all as insured, in a reasonably diligent manner by any method,including litigation and the completion of any appeals, it 15. LIABILITY LIMITED TO THIS POLICY;POLICY ENTIRE shall have fully performed its obligations with respect to that CONTRACT matter and shall not be liable for any loss or damage caused to (a) This policy together with all endorsements, if any, attached to it the Insured. by the Company is the entire policy and contract between the (b) In the event of any litigation, including litigation by the Company Insured and the Company. In interpreting any provision of this or with the Company's consent, the Company shall have no policy,this policy shall be construed as a whole. liability for loss or damage until there has been a final (b) Any claim of loss or damage that arises out of the status of the determination by a court of competent jurisdiction, and Title or by any action asserting such claim shall be restricted to disposition of all appeals,adverse to the Title,as insured. this policy. (c) The Company shall not be liable for loss or damage to the (c) Any amendment of or endorsement to this policy must be in Insured for liability voluntarily assumed by the Insured in settling writing and authenticated by an authorized person, or expressly any claim or suit without the prior written consent of the incorporated by Schedule A of this policy. Company. (d) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION provisions. Except as the endorsement expressly states,it does OF LIABILITY not (i) modify any of the terms and provisions of the policy, (ii) All payments under this policy, except payments made for costs, modify any prior endorsement, (iii)extend the Date of Policy,or attorneys'fees, and expenses,shall reduce the Amount of Insurance (iv)increase the Amount of Insurance. by the amount of the payment. 16. SEVERABILITY 11. LIABILITY NONCUMULATIVE In the event any provision of this policy, in whole or in part, is held The Amount of Insurance shall be reduced by any amount the invalid or unenforceable under applicable law, the policy shall be Company pays under any policy insuring a Mortgage to which deemed not to include that provision or such part held to be invalid, exception is taken in Schedule B or to which the Insured has agreed, but all other provisions shall remain in full force and effect. assumed, or taken subject,or which is executed by an Insured after 17. CHOICE OF LAW;FORUM Date of Policy and which is a charge or lien on the Title, and the (a) Choice of Law: The Insured acknowledges the Company has amount so paid shall be deemed a payment to the Insured under this underwritten the risks covered by this policy and determined the policy. premium charged therefor in reliance upon the law affecting 12. PAYMENT OF LOSS interests in real property and applicable to the interpretation, When liability and the extent of loss or damage have been definitely rights, remedies, or enforcement of policies of title insurance of fixed in accordance with these Conditions, the payment shall be the jurisdiction where the Land is located. made within 30 days. Therefore, the court or an arbitrator shall apply the law of the 13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT jurisdiction where the Land is located to determine the validity of (a) Whenever the Company shall have settled and paid a claim under claims against the Title that are adverse to the Insured and to this policy, it shall be subrogated and entitled to the rights of the interpret and enforce the terms of this policy. In neither case Insured Claimant in the Title and all other rights and remedies in shall the court or arbitrator apply its conflicts of law principles to respect to the claim that the Insured Claimant has against any person determine the applicable law. or property,to the extent of the amount of any loss,costs,attorneys' (b) Choice of Forum: Any litigation or other proceeding brought by fees, and expenses paid by the Company. If requested by the the Insured against the Company must be filed only in a state or Company,the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The federal court within the United States of America or its territories Insured Claimant shall permit the Company to sue, compromise, or having appropriate jurisdiction. settle in the name of the Insured Claimant and to use the name of the 18. NOTICES,WHERE SENT Insured Claimant in any transaction or litigation involving these Any notice of claim and any other notice or statement in writing rights and remedies. required to be given to the Company under this policy must be given to the Company at Claims Department at P.O. Box 2029, Houston, TX 77252-2029. Copyright 2006-2009 American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. AM!RICAN All other uses are prohibited. Reprinted under license from the American Land Title Association. i.n.,[r t t t it File No. 01330-48074 xr Page 4 of Policy Serial No.:0-9301-003313936 �' ` ALTA OWNER'S POLICY(6/17/06) SCHEDULE A Name and Address of Stewart Title Guaranty Company Title Insurance Company: P.O. Box 2029, Houston, TX 77252 File No.: 01330-48074 Policy No.: 0-9301-003313936 Address Reference: 68 E. Meadow Drive, Unit 503 & 732, Vail, CO 81657 (For Company Reference Purposes Only) Amount of Insurance: $3,800,000.00 Premium: $6,486.00 Date of Policy: November 19, 2014 at 1:48 PM 1. Name of Insured: Lublan S.A., a British Virgin Islands Company 2. The estate or interest in the Land that is insured by this policy is: Fee Simple 3. Title is vested in: Lublan S.A., a British Virgin Islands Company 4. The Land referred to in this policy is described as follows: Condominium Units 503 and 732, VILLAGE INN PLAZA, According to the Condominium Map thereof recorded November 19, 1982 in Book 349 at Page 11 as Reception No. 245351 and as defined in the Condominium Declaration recorded November 19, 1982 in Book 349 at Page 12 as Reception No. 245352. COUNTY OF EAGLE STATE OF COLORADO Copyright 2006-2009 American Land Title Association. All rights reserved. morme The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. per.E Alt'15 All other uses are prohibited. Reprinted under license from the American Land Title Association. i.sse nut a. File No.0133048074 Page 1 of 1 STEWART TITLE CO STG ALTA Owner's Policy Sch A STCO GUARANTY COMPANY ALTA OWNER'S POLICY(6/17/06) SCHEDULE B File No.: 01330-48074 Policy No.: 0-9301-003313936 EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys'fees or expenses) that arise by reason of: 1. Rights or claims of parties in possession, not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the title that would be disclosed by an accurate and complete land survey of the Land and not shown by the public records. 4. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) Minerals of whatsoever kind, subsurface and surface substances, in, on, under and that may be produced from the Land, together with all rights, privileges, and immunities relating thereto, whether or not the matters excepted under (a), (b) or (c) are shown by the Public Records or listed in Schedule B. 6. Water rights, claims or title to water. 7. All taxes for 2014 and subsequent years, which are a lien not yet payable. 8. The effect of inclusions in the following districts as disclosed by the Eagle County Colorado Treasurer's office: CO River Water Conservation, 076; Colo Mtn College (CMC), 012; Eagle County, 001-011; Eagle Cty Health Service, 096; Eagle River Water&San., 069; ERW&San Dist Water Subdist, 085; Minturn Cemetery District, 043; RE50J School Dist, 015-018; Town of Vail, 036; Vail Park& Recreation Dist, 058. 9. All matters shown on the Map recorded September 19, 1982 in Book 349 at Page 11 as Reception No. 245351 and recorded November 19, 1984 in Book 400 at Page 203 as Reception No. 285156. 10. Declaration recorded November 19, 1982 Book 349 at Page 12 as Reception No. 245352 and Amended Declaration November 29, 2011 as Reception No. 201122150. 11. Reciprocal Easement Agreement between Vail Village Inn, Inc., and Vail Village Inn Associates recorded January 3, 1981 in Book 351 at Page 324 as Reception No. 247662. 12. Protective Covenants recorded August 10, 1962 in book 174 at Pa.e 179. 13. All matters shown on the Plat of Vail Village First Filing recorded August 6, 1962 as Reception No. 96382. 14. Underground right of way and easement as granted by Vail Village Inc.to Holy Cross Electric Association recorded November 19, 1971 in Book 222 at Page 321 as Reception No. 118024. 15. Underground right of way easement granted to Holy Cross Electric Association, Inc., by Vail Village Inn Associates over a portion of land as shown on a map attached as recorded January 21, 1983 in Book 352 at Page 397 as Reception No. 248734. Copyright 2006-2009 American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. xg=rait.xzr. All other uses are prohibited. Reprinted under license from the American Land Title Association. rows+itri' File No.0133048074 Page 1 of 2 STEWART TITLE CO STG ALTA Owner's Policy Sch B SE GUARANTY COMPANY ALTA OWNER'S POLICY(6/17/06) SCHEDULE B 16. Agreement by and between Vail Village Inn, Inc., a Colorado corporation and Village Inn Plaza Condominiums Association recorded September 9, 1983 in Book 367 at Page 833 as Reception No. 264155 17. Conveyance of Easement among Village Inn Plaza Condominium Association and Vail Village Inn, Inc., a Colorado corporation and F & I Vail Village Partnership, a Colorado general partnership as contained in instrument recorded July 10, 1984 in Book 388 at Page 862 as Reception No. 285163. Copyright 2006-2009 American Land Title Association. All rights reserved. Immo The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 0,10 T4TU File No.01330-48074 Page 2 of 2 STEWART TITLE CO STG ALTA Owner's Policy Sch B SE GUARANTY COMPANY Anti-Fraud Statement CRS 10-1-128 File No.: 01330-48074 "It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance and civil damages. Any insurance company or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant for the purpose of defrauding or attempting to defraud the policyholder or claimant with regard to a settlement or award payable from insurance proceeds shall be reported to the Colorado division of insurance within the department of regulatory agencies." STG Privacy Notice Stewart Title Companies WHAT DO THE STEWART TITLE COMPANIES DO WITH YOUR PERSONAL INFORMATION? Federal and applicable state law and regulations give consumers the right to limit some but not all sharing. Federal and applicable state law regulations also require us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand how we use your personal information.This privacy notice is distributed on behalf of the Stewart Title Guaranty Company and its title affiliates(the Stewart Title Companies),pursuant to Title V of the Gramm-Leach-Bliley Act(GLBA). The types of personal information we collect and share depend on the product or service that you have sought through us. This information can include social security numbers and driver's license number. All financial companies, such as the Stewart Title Companies, need to share customers' personal information to run their everyday business—to process transactions and maintain customer accounts. In the section below, we list the reasons that we can share customers'personal information;the reasons that we choose to share;and whether you can limit this sharing. Reasons we can share your personal information. Do we share Can you limit this sharing? For our everyday business purposes—to process your transactions and maintain your account.This may include running the business and managing customer accounts,such as processing Yes No transactions,mailing,and auditing services,and responding to court orders and legal investigations. For our marketing purposes—to offer our products and services to Yes No you. For joint marketing with other financial companies No We don't share For our affiliates'everyday business purposes—information about your transactions and experiences.Affiliates are companies related by common ownership or control.They can be financial and Yes No non-financial companies.Our affiliates may include companies with a Stewart name;financial companies,such as Stewart Title Company For our affiliates'everyday business purposes—information No We don't share about your creditworthiness. For our affiliates to market to you—For your convenience, Yes Yes,send your first and last name,the email Stewart has developed a means for you to opt out from its affiliates address used in your transaction, your marketing even though such mechanism is not legally required. Stewart file number and the Stewart office location that is handling your transaction by email to optout@stewart.com or fax to 1-800-335-9591. For non-affiliates to market to you.Non-affiliates are companies No We don't share not related by common ownership or control.They can be financial and non-financial companies. We may disclose your personal information to our affiliates or to non-affiliates as permitted by law. If you request a transaction with a non-affiliate,such as a third party insurance company,we will disclose your personal information to that non-affiliate. [We do not control their subsequent use of information, and suggest you refer to their privacy notices.] SHARING PRACTICES How often do the Stewart Title Companies notify me We must notify you about our sharing practices when you request a about their practices? transaction. How do the Stewart Title Companies protect my To protect your personal information from unauthorized access and use, we personal information? use security measures that comply with federal law. These measures include computer,file,and building safeguards. How do the Stewart Title Companies collect my We collect your personal information,for example,when you personal information? • request insurance-related services ■ provide such information to us We also collect your personal information from others, such as the real estate agent or lender involved in your transaction,credit reporting agencies, affiliates or other companies. What sharing can I limit? Although federal and state law give you the right to limit sharing(e.g.,opt out) in certain instances, we do not share your personal information in those instances. Contact us: If you have any questions about this privacy notice,please contact us at:Stewart Title Guaranty Company, 1980 Post Oak Blvd., Privacy Officer, Houston,Texas 77056 File No.:01330-48074 Page 1 Revised 11-19-2013 CO STG Endorsement 110.1 Deletion of Exception ALTA Owner ENDORSEMENT ATTACHED TO AND MADE A PART OF POLICY OF TITLE INSURANCE SERIAL NUMBER 0-9301-003313936 Issued by STEWART TITLE GUARANTY COMPANY File No.: 01330-48074 Charge: $65.00 Said Policy is hereby amended by deleting paragraphs 1-5, of Schedule B. This endorsement is made a part of the policy and is subject to all of the terms and provisions thereof and of any prior endorsements thereto. Except to the extent expressly stated, it neither modifies any of the terms and provisions of the policy and any prior endorsements, nor does it extend the effective date of the policy and any prior endorsements, nor does it increase the face amount thereof. Signed under seal for the Company, but this endorsement is to be valid only when it bears an authorized countersignature. Countersigned by: stewart j / f �" title guaranty company • Jr%! G72 j Authorized Countersignature I Matt Morris £ President and CEO t AtNtr Stewart Titletpx, 97 Main Street, Suite W201 190 8 Edwards, CO 81632 <:. * . 4 / / r Asp ,w Agent ID: 060058 Denise C,rraux Secretary Endorsement Serial No. E-9851-041961482 File No.01330-48074 Page 1 of 1 STG CLTA Form 110.1 Deletion of Exception ALTA Owner File 0133048074 11/13/2014 11:26 AM Buyer's Closing Statement Stewart Title,Stewart Title-Edwards 97 Main Street, Ste W-201, Edwards, CO 81632, (970) 926-0230 Buyer(s) Lublan S.A., a British Virgin Islands Company, Paseo de la Reforma 365, Col, Cuauhtemoc, Mexico, D.F,, C.P. 06500 Seller(s) Robert P. Smith, PO Box 700, Evergreen, CO 80437 Lender(s) Property Condominium Units 503&732 of Village Inn Plaza 68 E. Meadow Drive Unit 503 Vail, Colorado 81657 Closing Date 11/14/2014 Disbursement Date 11/14/2014 Proration Date 11/14/2014 Debit Credit Sales/Price Contract sales price ; $3,800,000.00: Deposits Deposit or earnest money $50,000.00 Prorations HOA dues 11/14/2014 to 1/1/2015 $3,230.13 County taxes 1/1/2014 to 11/14/2014 $10,120.34 County taxes#732 1/1/2014 to 11/14/2014 $222.16 Commissions ($76,000.00)credit from Liz Leeds $76,000.00 Title Charges Settlement or closing fee to Stewart Title $175.00 Tax Certificate to Stewart Title $20.00 Recording FeeS/Ti'a' er Charges Deed$16.00 Mortgage Releases Other$33.00 to Stewart Title $49.000 Cit /Count tax/stamp's 1%RE-17 split 50/50 Deed$38,000.00 to Town of Vail $19,000.00 te t ps Deeed $380.00 to Stew...art Title $380.001 Buyere-Recording Fee to StewartTitle $20.00 . Subtotal: $3,822,874.13 $136,342.50 Balance due from Buyer: $3,686,531.63 Totals: $3,822,874.13 $3,822,874.13 4MLNTSUMED LUBLA ..A.,A ISH VIRGIN ISLANDS',.,OMPANY ,A ; HAMIAN INTERNATIONAL y,Authori . "ignatory ati1'4 ,� .--4' - ( -- ii* Shareece E.Scott,Auth.rized Signatory BY: DELNOM LIMITED,A BAHAM A- INTERNATIONAL BUSINESS COMPAN ,its P. -.,tor I er ce irling,Authorized Signatory r:,1 Anya James,Authorized Signatory SLIFER SMITH&FRAMPTON REAL ESTATE Broker Authorization C,,(J_ t-)•*( ( L f `"( ( ( Escrow Officer Date L Page 1 The printed portions of this form,except differentiated additions,have been approved by the Colorado Real Estate Commission. (CL8-9-12)(Mandatory 1-13) THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES.AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. CLOSING INSTRUCTIONS Date: November 14, 2014 1. PARTIES, PROPERTY. Robert P. Smith (Seller), and Lublan S.A., a British Virgin Islands Company (Buyer), engage Stewart Title - Edwards, Closing Company, who agrees to provide closing and settlement services in connection with the Closing,of the transaction'forthe sale and purchase of the Property known as No. 68 E. Meadow Drive,,Unit 503 & 732, Vail, CO 181657 and more fully described in the. Contract to Buy and Sell Real Estate, dated October 15, 2014, including any counterproposals and amendments (Contract). All terms of the Contract are incorporated herein by reference. In the event of any conflict between this Agreement and the Contract, this Agreement shall control, subject to subsequent amendments to the Contract or this Agreement. 2. TITLE COMMITMENT, EXCEPTIONS AND POLICY. Closing Company Cil Agrees 0 Does Not agree that: upon completion of.a satisfactory title search and examination, it will furnish a Title Insurance Commitment; and it will issue a Title Insurance Policy provided that all requirements have been fulfilled. Closing Company 0 Agrees 0 Does Not agree to furnish copies of Exceptions. 3. INFORMATION, PREPARATION. CLOSING, RECORDING. Closing Company is authorized to obtain any information necessary for the Closing. Closing Company agrees to prepare (excluding legal documents), deliver and record all documents required or customarily recorded, and disburse all funds pursuant to the.Contract that are necessary to carry out the terms and conditions of the Contract. 4. CLOSING FEE. Closing Company will receive a fee of $350.00 for providing closing and settlement services (Closing Fee). 5. RELEASE, DISBURSEMENT. Closing Company is not authorized to release any signed documents or things of value prior to receipt and disbursement of Good Funds, except as provided in §§ 9, 10 and 11. 6. DISBURSER. Closing Company shall disburse all funds, including real estate commissions, except those funds as may be separately disclosed in writing to Buyer and Seller by Closing Company or Buyer's lender,on or before Closing. All parties agree that no one other than 'the disburser can assure that payoff of loans and other disbursements will actually be made. 7 `CSELLER'S NET PROCEEDS. Seller will receive the net proceeds of Closing as indicated. 0 Cashier's Check, Wet Seller's expense Funds Electronically Transferred (wire transfer) to an account specified by Seller, at Seller's expense 0 Closing Company's trust account check. 8. CLOSING STATEMENT. Closing Company will prepare and deliver an accurate,,complete and detailed closing statement to Buyer and Seller at time of Closing. 9. FAILURE OF CLOSING. If Closing or disbursement does not occur on or before Closing Dateset forth in the Contract, Closing Company, except as provided herein, is authorized and agrees to return all documents, monies, and things of value to the depositing party, upon which Closing Company will be relieved from any further duty, responsibility or liability in connection with these Closing Instructions. In addition, any promissory note, deed of trust or other evidence of indebtedness signed by Buyer will be voided by Closing Company, with the originals returned to Buyer and a copy to Buyer's'lender; 10. RETURN OF EARNEST MONEY. Except as otherwise provided in § 11, Earnest Money Dispute, if the Earnest Money has not already beenreturned following receipt of a Notice to Terminate or other written notice of termination, Earnest Money,Holder shall release the Earnest Money as directed by the written mutual instructions. Such release of Earnest Money shall be made within five days of Earnest.Money Holder's receipt of the written mutual instructions,signed by both the Buyer and Seller, provided the Earnest.'Moneycheck has cleared. 11. EARNEST MONEY DISPUTE. In the event of any controversy regarding the Earnest Money'(notwithstanding any termination of the Contract), Earnest Money Holder shall not be required to take any action. Earnest Money Holder, at its option and,sole subjective discretion, has several options: (1) await any proceeding, (2) interplead all parties and deposit Earnest Money into a court of competent jurisdiction and shall recover court costs and reasonable attorney and legalfees, or (3) provide notice to.Buyer and Seller that unless Earnest Money Holder receives a copy of the Summons and Complaint or Claim (between Buyer and Seller) containing the case number of the lawsuit(Lawsuit) within one hundred twenty days of Earnest'Money Holder's notice to the parties, Earnest Money. Holder shall be authorized to return the Earnest Money to Buyer. In the event Earnest Money Holder does receive a copy of the Lawsuit, and has not interpled'the monies at the time of any Order, 'Earnest Money Holder shall disburse the Earnest,Money pursuant tothe'Order of the Court. 12. SUBSEQUENT AMENDMENTS. Any amendments'to, or termination of, these Closing Instructions must be in writing and signed by Buyer, Seller and Closing Company. File No.: 01330-48074 CO Closing Instructions 2012 Page 1 of 3 13. CHANGE IN OWNERSHIP OF WATER WELL. Within sixty days after Closing, Closing Company shall submit any required Change in Ownership form or registration of existing well form to the Division of Water Resources in the Department of Natural Resources (Division), with as much information as is available, and the Division shall be responsible for obtaining the necessary well registration information directly from Buyer. Closing company shall not be liable for delaying Closing to ensure Buyer completes any required form. 14. WITHHOLDING. The Internal Revenue Service and the Colorado Department of Revenue may require Closing Company to withhold a substantial portion of the proceeds of this sale when Seller is either of the following: (a) is a foreign person or(b)will not be a Colorado resident after Closing. Seller should inquire of Seller's tax advisor to determine if withholding applies or if an exemption exists. 15. ADDITIONAL PROVISIONS. (The following additional provisions have not been approved by the Colorado Real Estate Commission) 16. COUNTERPARTS. This document may be executed by each party, separately, and when each party has executed a copy, such copies taken together shall be deemed to be a full and complete contract between the parties. 17. BROKER'S COPIES. Closing Company shall provide, to each broker in this transaction, copies of all signed documents that such brokers are required to maintain pursuant to the rules of the Colorado Real Estate Commission. 18. NOTICE, DELIVERY, CHOICE OF LAW. 18.1 Physical Delivery. Except as provided in § 18.2, all notices must be in writing. Any notice or document to Buyer is effective when physically received by Buyer, any individual buyer, any representative of Buyer, or Brokerage Firm of Broker working with the Buyer. Any notice or document to Seller shall be effective when physically received by Seller, any individual Seller, any representative of Seller, or Brokerage Firm of Broker working with Seller. Any notice or document to Closing Company shall be effective when physically received by Closing Company, any individual of Closing Company, or any representative of Closing Company. 18.2 Electronic Delivery. As an alternative to physical delivery, any signed documents and written notice may be delivered in electronic form by the following indicated methods only: El Facsimile El Email El Internet 0 No Electronic Delivery. Documents with original signatures shall be provided upon request of any party. 18.3 Choice of Law. This contract and all disputes arising hereunder shall be governed by and construed in accordance with the laws of the State of Colorado that would be applicable to Colorado residents who sign a contract in this state for property located in Colorado. Buyer(s) Signature LUBLAN S.A.,A BRITISH VIRGIN ISLANDS COMPANY BY: DELCO INVESTMENTS LIMITED,A BAHAMIAN INTERNATIONAL BUSINESS COMPANY, its Director Kenris Albury,Authorized Signatory Shareece E. Scott,Authorized Signatory BY: DELNOM LIMITED,A BAHAMIAN INTERNATIONAL BUSINESS COMPANY, its Director Terence E. Girling,Authorized Signatory Anya James,Authorized Signatory Seller(s) Signature / f , at bert P. Smi vI Date: November 14, 2014 Closing Company's Name: Stewart Titl "- Edwards i��` — t (f1 ( 1=C--.) (f—fi=r C & Cc ((tet (( Authorized ignature Title Date Address: 97 Main Street, Ste W-201 Edwards, CO 81632 Phone No.: (970) 926-0230 Fax No.: (970) 926-0235 Electronic Address: File No.: 01330-48074 CO Closing Instructions 2012 Page 2 of 3 . _ (TO BE COMPLETED ONLY BY BROKER AND CLOSING COMPANY) Slifer Smith & Frampton Real Estate (Broker) l:f Working with Seller 0 Working with Buyer engages Closing Company as Broker's scrivener to completer for a fee not to exceed $5.00 at the sole expense of Brokr the following legal documents: El Deed 0 Bill of Sale 0 Colorado Real Estate Commission approved Promisso Note 0 Colorado Real Estate Commission approved Deed of Trust, Closing Company agrees to prepare, on behi of Broker, the indicated legal documents pursuant to the terms and conditions of the Contract. The documents stated above shall be subject to Broker's review and approval and Broker acknowledges that Broker responsible for the accuracy of the above documents. Brokerage Firm's Name: Slifer Smith & Frampton Real Estate Broker's Name: Liz Leeds EGIZ abd-h Lee4' 11/17/14 Broker's Signature Date Closing Company's Name: Stewart Title iEdwards ,/".p .( - • Authorized Signature Title Date File No.: 01330-48074 CO Closing Instructions 2012 Page 3 of 3 1Y3a•itftr d ysaruor P{ittlr form,t t3 Ut t1(ttoF ntl?i �`sdiiliariH;IYctvA B yn�p rpurd bydhozobradc ii6et 6111, bmmiestolt. (C =x 2Y#Mlari(l miy ft13 .r +i-it'3 F#R1; 1ASiitr4P }# '1'AWT LEGAL Cis}?tSEQ!i:13 r+1On'ANTS TF E PARTIES 8140 LuCONSULT LEGALANE TAX OR •,:.• . ,. „CLQ i '1N$;T RU Tir NS . t<" l ARTi SI Pt i l'l f :': . • :i:g ., Rtf�srt F Stititfitatl ArtaEl [4d. th teller, Lutri its _ rtiti h Vir,9iti Islands CaiitOny #Buyer), ngaje fewart Title» Edva4€r3s, , Cle4n, Cernpahyr wtii � reams'o prc?Vtd alpslri eptcf >aatif lttiont tprvi co e rttn ut ith the Glosirtg�f tha transSaat"on fir the�`al "and so of the Pi party i nown as Flo, $5'7 p11d fl ore 7utiy*,gibed In thy:l;on'titct to atly and'S`.11 teal ;s;a1e, dad October 15 2014 in jt�cfUiit any. c tC�t r raposofa at rl' rnenn e res(C©rfrac l<.Ali laxrms of the C ':ttrac aro inlorpo otad Tier'ein'by reiararao, Ch Ikte i vcrrt of aril t orfliat between tins• ra rierit .6,01tbp Otaritractr hits;.A iA anVoheti,aotittoi, subject to. • hufi6e0tnt amaodr of to the Ceynkla `at' 14. e000n't 7, TIYf COYaMlT'!t4ENT l XCFPT1ONS'AND POLJC't( Closing Coiiipan.d Agrees Q fees pot agree that;tipon cornpletiari of n ca-t,sfactory title search and sxaminatlart,It will furnishTile lriaurancet Ciftrrtrnttnierit;and it will. isstir?a f€t e Irr4frt100P,irpy tai tided that altreiuiram i�a h v l earn ftslr,tlett Lal tlsn Company C 1, Ereas C. 13 '# Ott 4 gre to fu j Oop� �t E�et'}iC?r r�: t 3. 1t FO.RtllAT(r~Y1,1l, :Company..Is authoncdcl ter r7fatd1rl,ally.. intorrr anion for foe CIcstn�r Closrng Cornpany,agrees ti?prepare•(e,trlctd1ngWO!doGufrertis7,celfltcr • ' en `ror.er r)cordod and dfslat re Ali furltTt ur uant icy II Coh4ac1 tRot ti-e n *dry ta:ci rr}r uit'tf c Term . d dlt9ana a,:#lie rtti at 4. CLOSING FEE', Closin • f g C riipariy to ill ecoIve a fee of'05040.for pr v ng closing ?n eettlemer1t s ices ( 10.Sind:Fe0, d, RE AS•bis l.rttR MEN r Chasing Czippariy€t ha#ot;#t4,atI 5d.#o m164 $ lioccima;its or things of slue tirtar to race ipt;and drsbur.emeril of Gc(1d uncfs,.e e t. prct lcfeclint.§ ,'II0:arriel I t. " 6: 1:I.S.Et1R R. Closing Company shall tf'tsburse nil.fund inciud€ng;mel esia:u commtss+cirtSi eNcept I,troser`fttnti;3 a 'may oparateir disclosed in writing tcs Buyer anti Sellar by Cfo trip Ctiliipany or[3uyer lenoar on or before O(r� ri All. ft rs s a0raa: +a#..na one':other•them itie.dlsbursbr•can.assure that,payoff pt oal*attd'ether illytar. rttet€i uil! `ttally$o m7 ; 7, FELLER` NET PRC CIsED$: Seller Will;'ecerve.tlie net pro SIS caf Cta it io,diotod. 0'C shiere 4h464.. at tier`s e?aohsi .- l"xrrFrt •EI ''ttsirii at[y T;r rtsferr d (wfrO,lrer'.c`e,r iv:On eocod L specified by Seller.at .ellel'se>pbhse C tostt. :corr�panNi' .tr k aec,?unfC lock; ' • S CLOSIUt3 S ATEMEt T Closino Company 1t it.pirepale and deliver WI r; urate; 'eotrif110 and detailed fcfoe ng • Closing: • • FAILtiti Ol'•CI,O8Ihl4; if Closing car di hurler epi iloes Wert occur oil or.Before,, pate s t fcrtf}in.the Contraei,Glosin Company except s p ovided herein Is ti'horl and e rr s to niton(all:d0curmer�ts,monies; t4nd thus of value to the doposiling party upon Which'Closin CQtripar:y will be relic d from.00 2.44110,r d!dffr • reapnt srbiiily tkt liebiliiy In0Ohn0::0013 with those CIrsrrt Iristrucfions tri faddrtton{any porn%spry note,e-10:40, .of trust`(r.ersttter e}v+c15..C of inc tieclri d ttg?ied by 6uyet Will hero voided b Closing Ctlmpar'v,with the ortgluats rc2t rind tea Eitypr and d cop.Y`ig.Catayerte'lender. • r0: t'CW URtt tiF C Rt E MONEY Except es otherw.lmprovided in 11t.best Money Olepute;If the Earnest Morley i'ras not already bean returnedfoitdwlnf rcr efpt of a otic to.iOriltiO,l"a or '00:V.A14.0 noOeo a terminat,cn Earnew� oney i FtetclO "elitzll,i t � a d ie arr3ast Money;as direcctad bat tree wntten:mutual iiisiresattartsc Sucfi'release pf Eame'k'Money shall bO,made-Witltlri IWo days.of'EarnesR Money'Holders receipt of.the'Wrrlteni r7iutdal irisfrirctibha signed Lay both the Buyer end 8611 0,4.pi;olden the Earnest ivicirfey ch>3el€has.cfesr d: t. •EARL E T'MONEY 11PLITF, tri the Gvd#t of any ccorrthversy regarding the i ami t Money any termination caf lbs Corth'1itt# aitaest Mofi y Weider shall not be rertnred to tales arty egttgti entest Money Izolder,`at its option 064:S'osie 8uhj.q4v.4.0k6.4$il,hds ve al optional t l)await anY'.Proce listgr( j interplead:all p'11,i4 end•depositErneist 1totisy:into a court•t f n itiipetent;forierilotrop,and &WilJ tcpcster tri its and re rsaritabl attotneV snt'I legal fCas,0(3)provide 11611_46.W;llttyer,arid Sellas iii s ut7lars•Earnest 1'000 Holder r ce to copy of•tlie ttrnirtons tris mplaint or. latrri(between.toyerand,$eller>.;xc5itFrirtng tYra case number of the Iavrsuit litrrr,drorl twenty'daY :of:Earnest Matte*flolder"s rrotlr. to the peril sCt E emelt Money f ioldr r shall be authorized to re um recei copy the anesMonyto Fuyr nthe event�,ernEat;rMnionte;My.oHnoedyerixaticdi of theL.ewsut,andhnut•Interpled thi.at.i0fcfat 40 eOrdr, shall risbrrsEOrder othe Court,tteter. • • •t SUBS UE; AMENPtt:IENTS, ', y t.nendr'itents tete fir.tcrrninstian of;these.Glowing Instructions must be.In Writing and signed Iiy 13rr},ere Seller and Chasing Company. ' rte.No.,,arsru 4rrii74 . j fit aiiit�liiOnizrlcng V)/2; ".PB55 I Ot5 • . . .... ,, . 13. CHANGE IN OWNERSHIP OF WATER WELLWittfirl..,tiKtY Plif.,'offer•Obsitib,CloSF.n. COPPgrX/$l-s.311 subrilit 8ny mqvirdd pl-iatt:ge:h ownpfstivi•Ofml.:le.r.e6istr.a.tipriibf,od0r,aci wall form to tha'1:11v341q0 of WOar Fespurob,s•in• Me IclOoar.#onscif Nizilt41-p4:n4dclegO:(13.-NrISIcir)),1,0ttyos,iifiut.,,l,frIfcirtriOl*a I.6:0411,ii...fitai...01,66 giAi610,fii2411;0! i`OP'*'14)1116 fot•ObalninR:lbe r.0e,iliai.velii f .giAtiOor :iiilfoiptiblidirOutly..4arri 8itya1 ditiSIn6 ,bm.pany Oa tot be II.P.41 Or 010140 ckitgij.to a*r.0 BurOf.P0rli*1.?6-':g1.Y'*0're:4-1.44.I14.; 14. WITSH91,1i1Na.: 14 Internal Revenue Beare-a.rml thl '0010rodo PapstVnOril of.. 6Nt.enue rnayraluire Closlrig. QbfiV2rly,rici. tthhOi,„1:4 1.itj006110)ipb).pde:.Of Ittel?r06040..of this k414-'*/*:: 0,11qi.-: 'alit*.et ili6..foitOiliii)'v,.(6,)is . • a Totennr.p.6. 6.'tvoi(b)will la -',A-,Otilor'Osi6:1-eSiclent',attbr;OlbSiba,:Salte`itholild ii).tioired Siler‘fa tAkativiibrib - . ,. ..:.... detfmirit•-;if kivillibtald410'000'or U On'qxPtrill!cin"ex40. ,,-,,•,:),,, ;.,i;: • , i7';',V,!•• •'1 4 ,,'''•,.` • •• ..• • ... .•. . .., •- • - IS, ADDiTICiNAL PROVISIONS‘ (1.h :l6i1OWingaeiOittpnal pitvisilaris..heue...not boon:approved by tho 0-o1orotio.Ppp.1 . state OOrritrii4Otie) .. . . ..I . POUNT.EVARTS. ThIa cipolirrAbelt rely...be executed by e-ach.Ppriyi sepprajelw•ano lAthpp-:e-arl parthts Pii6dbIed a;66.0y such dollies I0.14fIt6-t'"sbsil 60 t166iiith-1 to be s full:and aithpl6-te.ciorit*-t between the parties. . . ... . . -17; eRoxgR'a-coPIE,..,5 Closing Company shall pr.itcypo- f0 ocili 43. 1'.4;.i.In tis tra'nOptjop,'ct3.0iak of nil Signpti sdocomsota that 0..iph..brolciirs'ard,..-required to tiO.in(Alet ptIr5tJAr.i,1 to;p-1 :.r.t*.0AAfio.Colorado foil E.,•tie eortlitiisSior . -ii:t. 14610E',bEL,IVERY,*.-11C0 OP 40-,T. . - • - ,•-,•• • - •- - ' • •- , ,:,.,', ?" . 18.,-i iqtypioai,r4,•iiiiery, ,5.7gune.,pt 6,5.ptpvicIatiirft itii.•a .11,rtotlpes,trip.;,.;t bp,ti-writing iL Any.rtcrliir,a.,.0.cippursprit 10 • , :, • .Eiver Is effe0ivq..wheitif?iySlify ratiiiiptl..by-,q4,p.N 1-i-si ItieWIthA bpor,-0:rty,:OpygtOptivo Rf•E3pStpf,or < r.etokqPige:Fir,[ti orf3i'PRWwci'.gir5t 'i.vitfiit.ls-atiyer, Any notice or icis:unloit tki•pijei,00.4e:.41tecuveithell , . . ;.„ pliv-*.f04y rebolvold, by 600,4 tirl,...Intrtvldti; ,.30 .1... r,•••;.gioy,r0i*bil*tIVO„br,.4010.r•or PrAiier,pg.r.1lriiipt- Br*6r v,orkih4 with 6.0er.,-0)y.r•lottbe.:11r;:dPtPtheitit0;101P00.-..,00`iiPOYP40:P6e'ff...Of).T,WflerY:04YsiP411,tY reeeiv;d by Clijsirt.4 C.Oftipahy, any frtiiiir:Nal' Of ptcOyo 0001-.0-0.; 0 Oiiy.,ropi:padfiliftia .0f Closinq Cbrnpdrty, , i ' ,•• ••, .: 1.a2, • W*,..ci.'6'..nrit,'.Pclivell . ,A :Ati 466i011016Ptii40k10.611vgr.ylOpY,41.c.giia.a ilf-}rii,161,0 Orc1•;•/iii-tOridloljo may be delivered in:gle4rpri;o:form by-,.ttip following JildratrAb.thpitIVtik:04y,'..•14 Facsimile i.et,Kmart 0 iritgir:6at.:0 No Ejeotfonic•-boN'e-6f. qptittisri•L 'i•ylo Or1,6f661sIgiaiits tlibI1.130 provided Upon iaelt16St ebony party: • ' - ' ''''' ' - • ' - ' - .,, • ., lf.',„3 .c.tioie. bf t_aw,, This.00h1T-4:6n13 all disputes:•:prislb6 1,10.S.40**h.611•••tie ?4trici by0in"615/10°:40P in accordarice:',,iiiT'11111 laws of!6e„st.atij..pt'objc;rdp.',061iliiplci b6•:opplit:abl.4 tiA. ux-,116tpd6F;r4iiidthi'.#'wrio sign O-6:16046fin•thIS,stit-410r properly t,*6tott ki,'.c.610, ,, Buyers)i19.6.0Pa „----(-''--i- (-‘4 • • .... .„ , 1 I )1 ,-- . Nf...;, ,,. , , . \,..k I, -ubort$4,4„ 5nti PItain IslandA C,.• .mbrty. . .,• • . . .,i. ,, . , , ,,, ;!,._ , 4 '. '• ..'-q..,1 .i. •• .. ...„ • 'Seller(s)Si,4ntituri • , . . • . . . , . tRobart P.,. .1.-fii"..th . '.4t.rttai14 M. snip ;,. , •,-- •, ;.• , • ,-1 .. , . ... . • . . , . •, , . Data.'. . ,. ClOilij Calp...-ri? f1101 .:.. .S.i. .41-1:-Cille,-Edwards' ' i' ' ' ' • , , . , . . ..: •:: • . . • -------,--• Atilli6rlie0;SiOnalur4 .-" .. . Title` - -.>• -. "-^ ' Data — , . ,.. .,. , .. . . . . .-MfOassi: 97 MOIrl Sfee4t,Ste W.201 • 'EltiOttls,•Ocit16$ • . ,• •4 .-,- ., ,.•;,,,,.,,,.1 -,-... Phone No. ‘ ' - ,:,(Q7O)32541230 , axl,,10,4 . -(0.70.)96.023.6 H • f •. - • ,•t ., , Eiet,rdnioAeldr0 , . . • •• .. ,,,,. ,.. , . ,.. . , • ‘••• • . .,• . . . , . . . ,.— , . . J. ,•..„ . , . . .. , . . . . . . . . .. . . „ , . . ' • . , " • ,' , , , ••,, • .,..-., . rile.1,1 .: r.)-1 *p.4,?,-074: . . . Cc)clasibq Iri5tuttions zii-p „ - : Po:90-2 tf a REAL ESTATE TAX, UTILITY AND HOMEOWNERS ASSOCIATION AGREEMENT REAL ESTATE TAXES It is hereby understood and agreed between the Buyer(s)and Seller(s)of property known as: Condominium Units 503&732 of Village Inn Plaza 68 E.Meadow Drive Unit 503 Vail,Colorado 81657 That the taxes for the current year have been adjusted as of this date on the basis of the following: Unit 503 Estimate of current year: 2013 Mill Levy of 46.254 X the 2014 Assessment of$251,930 = total tax estimate of $11,652.76, adjusted by any applicable qualifying seniors property tax exemption, or qualifying disabled veteran exemption. Unit 732 Estimate of current year: 2013 Mill Levy of 46.254 X the 2014 Assessment of$5,530 = total tax estimate of $255.30,adjusted by any applicable qualifying seniors property tax exemption,or qualifying disabled veteran exemption. This is to be considered a final settlement at closing. SPECIAL ASSESSMENTS None of Record Actual taxes may change by reason of reassessment by the County Assessor. By executing this agreement, the undersigned indemnify and hold harmless Stewart Title and Stewart Title Guaranty Company from any liability for reporting errors by local, county or state agency about special assessments that are not of record with the county treasurers office. Neither Stewart Title nor Stewart Title Guaranty Company shall have any responsibility for future adjustments of special assessments. Rather, the undersigned shall assume responsibility for pursuing and effectuating the adjustments. UTILITY AGREEMENT Utilities for the above address were settled in the following manner: Seller warrants that there are no unpaid water/sewer charges that could be assessed against the subject property and that there are no pre-paid water/sewer rents to be prorated. Purchaser and seller agree to contact all utility departments within 24 business hours from date of closing regardless of options selected above. HOMEOWNERS ASSOCIATION DUES ❑✓ Homeowners association dues are prorated to closing date on the basis of information received from the association and/or seller. ❑ Seller warrants that there are no association dues assessed against subject property. This agreement executed on November 14, 2014 SELLER(S): Robert P. Smith BUYER(S): LUBL N S . .y s'. ISH VIRGIN IS ANDS COMPANY BY:I •"°1f;VEST ENTS LIMITE. A BAHAMIAN INTERNATIONAL BUSINESS COMPANY, its Director i Af , b,7,Authoi -._-" natory l r r c - 1l__ 1 Shareece E. Scott,Authorized Signatory BY: DELNOM L r ITED e R'H;MIAN INTERNATIONAL BUSINESS COMPANY,its Director 1nce /'._, 4 -,7 irling,Authorized Signatory l///yip 0.:01330-48074 ,Real Estate Tax Agreement Residential Sell Buy STCO Page 1 of 2 4 MON Anya James,Authorized Signatory Forwarding address for utility escrow: File No.:01330-48074 Real Estate Tax Agreement Residential Sell Buy STCO Page 2 of 2 REAL ESTATE TAX, UTILITY AND HOMEOWNERS ASSOCIATION AGREEMENT REAL ESTATE TAXES It is hereby understood and agreed between the Buyer(s) and Seller(s) of property known as: Condominium Units 503 &732 of Village Inn Plaza 68 E. Meadow Drive Unit 503 Vail, Colorado 81657 That the taxes for the current year have been adjusted as of this date on the basis of the following: Unit 503 Estimate of current year: 2013 Mill Levy of 46.254 X the 2014 Assessment of$251,930 = total tax estimate of $11,652.76, adjusted by any applicable qualifying seniors property tax exemption, or qualifying disabled veteran exemption. Unit 732 Estimate of current year: 2013 Mill Levy of 46.254 X the 2014 Assessment of $5,530 = total tax estimate of $255.80, adjusted by any applicable qualifying seniors property tax exemption, or qualifying disabled veteran exemption. This is to be considered a final settlement at closing. SPECIAL ASSESSMENTS None of Record Actual taxes may change by reason of reassessment by the County Assessor. By executing this agreement, the undersigned indemnify and hold harmless Stewart Title and Stewart Title Guaranty Company from any liability for reporting errors by local, county or state agency about special assessments that are not of record with the county treasurers office. Neither Stewart Title nor Stewart Title Guaranty Company shall have any responsibility for future adjustments of special assessments. Rather, the undersigned shall assume responsibility for pursuing and effectuating the adjustments. UTILITY AGREEMENT Utilities for the above address were settled in the following manner: Seller warrants that there are no unpaid water/sewer charges that could be assessed against the subject property and that there are no pre-paid water/sewer rents to be prorated. Purchaser and seller agree to contact all utility departments within 24 business hours from date of closing regardless of options selected above. HOMEOWNERS ASSOCIATION DUES l 1 Homeowners association dues are prorated to closing date on the basis of information received from the association and/or seller. ❑ Seller warrants that there are no association dues assessed against subject property. This agreement executed on November 14, 2014 SELLS S): / ! Robert P. Smith BUYER(S): LUBLAN S.A.,A BRITISH VIRGIN ISLANDS COMPANY BY: DELCO INVESTMENTS LIMITED,A BAHAMIAN INTERNATIONAL BUSINESS COMPANY, its Director Kenris Albury,Authorized Signatory Shareece E. Scott,Authorized Signatory BY: DELNOM LIMITED,A BAHAMIAN INTERNATIONAL BUSINESS COMPANY, its Director Terence E. Girling,Authorized Signatory File No.:01330-48074 Real Estate Tax Agreement Residential Sell Buy STCO Page 1 of 2 Anya James,Authorized Signatory Forwarding address for utility escrow: File No.:01330-48074 Real Estate Tax Agreement Residential Sell Buy STCO Page 2 of 2 COMPLIANCE AGREEMENT AND PRIVACY RELEASE Date: November 14,2014 Property: 68 E.Meadow Drive,Unit 503&732,Vail,CO 81657 File No.: 01330-48074 It is expressly agreed and understood between the undersigned parties Stewart Title is acting as Closing Agent in the above referenced transaction and shall in no way be liable as to the accuracy or completeness of any Payoff Statement and/or Assumption Statement that has been provided to said company for the purposes of closing this transaction. Stewart Title has acted in good faith in compiling the data and information as set forth on the applicable Settlement Statement(s). The undersigned agree that any additional funds due and payable after closing will be immediately paid by the responsible party/parties. The undersigned further agree that in the event any of the documents required in this closing misstate or inaccurately reflect the true and correct terms and provisions thereof, and said misstatement or inaccuracy is due to unilateral mistake on the part of Stewart Title, or mutual mistake on the part of the undersigned and Stewart Title, or clerical error, then in such event,the undersigned shall upon request by Stewart Title and in order to correct such misstatement or inaccuracy, execute such new documents or initial such corrected original documents as Stewart Title may deem necessary to remedy said inaccuracy or mistake. The undersigned-Buyer(s)hereby-autherize(s)-St0Wa'r-Title tti nada--t;Cplet i mite falli3Wtriy dritIffifehts: ----Promissory-Note Deed-of-Trust- ----- -Truth-in-Lending- Last-page-of-the-HUD-Settlement-Statement-Truth-in-Lending- Last-page-of-the-HUD-Settlement-Statement -------Other: To: -L-isting-Agent -----------Selling-Agent- -------Mortgage-Broker---Mortgage-Broker The-undersigned-Buyer(s)-hereby-declines)-to-authorize--Stewart-Title-to-release-copies-of-the-above-referenced —documents-to-the-Listing-Agent,—Selling-Agent-and/or-Mortgage-Broker-- Upon execution Stewart Title will provide you with a copy of this document for your records and will also maintain a copy of this document in electronic format to be provided upon your request. SELLER(S): Robert P. Smith BUYER(S): LUBL' , frill H-VTR 1TrrS1 NDS COMPANY BY. I ,V 'STMENTS LIMITED, t BAHAMIAN INTERNATIONAL BUSINESS COMPANY,its Director '' vury,Au ecized-81.natory Iri• 1 , r i/ iii,� Shareece E. Scott,Au horized Signatory BY: DELNO MITER A- IAN INTERNATIONAL BUSINESS COMPANY, its Director joie re.E'- tr Authorized Signatory Anya James,Authorized Signatory File No.:01330-48074 Compliance Agreement and Privacy Release STCO Page 1 of 1 COMPLIANCE AGREEMENT AND PRIVACY RELEASE Date: November 14, 2014 Property: 68 E. Meadow Drive, Unit 503 &732,Vail, CO 81657 File No.: 01330-48074 It is expressly agreed and understood between the undersigned parties Stewart Title is acting as Closing Agent in the above referenced transaction and shall in no way be liable as to the accuracy or completeness of any Payoff Statement and/or Assumption Statement that has been provided to said company for the purposes of closing this transaction. Stewart Title has acted in good faith in compiling the data and information as set forth on the applicable Settlement Statement(s). The undersigned agree that any additional funds due and payable after closing will be immediately paid by the responsible party/parties. The undersigned further agree that in the event any of the documents required in this closing misstate or inaccurately reflect the true and correct terms and provisions thereof, and said misstatement or inaccuracy is due to unilateral mistake on the part of Stewart Title, or mutual mistake on the part of the undersigned and Stewart Title, or clerical error, then in such event, the undersigned shall upon request by Stewart Title and in order to correct such misstatement or inaccuracy, execute such new documents or initial such corrected original documents as Stewart Title may deem necessary to remedy said inaccuracy or mistake. The undersigned Buyer(s) hereby authorize(s) Stewart Title to release copies of the following documents: Promissory Note Deed of Trust Truth in Lending Last page of the HUD Settlement Statement Other: To: Listing Agent Selling Agent Mortgage Broker The undersigned Buyer(s) hereby decline(s) to authorize Stewart Title to release copies of the above referenced documents to the Listing Agent, Selling Agent and/or Mortgage Broker. Upon execution Stewart Title will provide you with a copy of this document for your records and will also maintain a copy of this document in electronic format to be provided upon your request. SELLER(S): Robert P./4//f4(/ ); BUYER(S): LUBLAN S.A.,A BRITISH VIRGIN ISLANDS COMPANY BY: DELCO INVESTMENTS LIMITED,A BAHAMIAN INTERNATIONAL BUSINESS COMPANY, its Director Kenris Albury,Authorized Signatory Shareece E. Scott,Authorized Signatory BY: DELNOM LIMITED,A BAHAMIAN INTERNATIONAL BUSINESS COMPANY, its Director Terence E. Girling,Authorized Signatory Anya James,Authorized Signatory File No.:01330-48074 Compliance Agreement and Privacy Release STCO Page 1 of 1 BILL OF SALE KNOW ALL MEN BY THESE PRESENTS,That Robert P. Smith of the County of Jefferson, State of Colorado, (Seller) for and in consideration of TEN DOLLARS AND OTHER GOOD AND VALUABLE CONSIDERATION,to Seller in hand paid, at or before the ensealing or delivery of these presents by Lublan S.A., a British Virgin Islands Company of the County of , State of , (Buyer), the receipt of which is hereby acknowledged, has bargained and sold, and by these presents does grant and convey unto the said Buyer, his personal representatives, successors and assigns, the following property, goods and chattels, to wit: Inclusions. The Purchase Price includes the following items (Inclusions): 1. Fixtures, If attached to the Property on the date of the Contract, the following items are included unless excluded under Exclusions (§ 3): lighting, heating, plumbing, ventilating, and air conditioning fixtures, TV antennas, inside telephone, network and coaxial (cable) wiring and connecting blocks/jacks, plants, mirrors, floor coverings, intercom systems, built-in kitchen appliances, sprinkler systems and controls, built-in vacuum systems (including accessories), garage door openers including any remote controls. Other Fixtures: If any fixtures are attached to the Property after the date of the Contract, such additional fixtures are also included in the Purchase Price. 2. Personal Property. If on the Property, whether attached or not on the date of the Contract, the following items are included unless excluded under Exclusions (§ 3): storm windows, storm doors,window and porch shades, awnings, blinds, screens, window coverings, curtain rods, drapery rods, fireplace inserts, fireplace screens, fireplace grates, heating stoves, storage sheds, and all keys. If checked,the following are included: 2 ( ) Water Softeners, (x) Smoke/Fire Detectors, (x) Carbon Monoxide Alarms, (0-) Security Systems, ( ) Satellite Systems(including satellite dishes) Other Personal Property: All property on Inventory-Vail Village Inn Plaza#503 attached hereto. 3. Exclusions. The following items are excluded (Exclusions): n/a located at:68 E. Meadow Drive, Unit 503& 732,Vail, CO 81657 TO HAVE AND TO HOLD the same unto the said Buyer, Buyer's personal representatives, successors and assigns, forever.The said Seller covenants and agrees to and with the Buyer, his personal representatives, successors and assigns, to WARRANT AND DEFEND the sale of said property, goods and chattels, against all and every person or person whomever. When used herein,the singular shall include the plural. IN WITNESS WHEREOF, the Seller has executed this Bill of Sale on this 14th day of November, 2014. A..././caafz, -14 Kola- re t P. Smith State of Colorado County of .44 _ L / / % / f' The foregoing instrument was acknowledged before me this `� day of 4./��° daQl by Robert P. Smith. Witne my hand and officia,.eal. LYNN R ANTONY Notary Public %� - �! State of Colorado ofrz4 ic Notary ID 20134057928r My Commission Expires Sep 23, 2017 ) My commission expires: .✓•o- � Stewart Title File Number: 01330-48074 Bill of Sale STCO Page 1 of 1 inventory Vail Village bin Plaza #503 Exterior Foyer 1 Wicker Couch Wood Ski Plaque 1 Pine Parson's Table w/ runners & greenery 1 Coffee Table w/ smoke/metal candle holder 6 Train Pictures Entry Foyer 1 Long Pine Bench 2 Plaid Throw Pillows 1 Pine Cabinet (15 drawer) — custom 3 Wooden. Candle Holders 1 Wooden Box 1 Wicker Basket Hanging Coat Rack 1 Wooden Painted Sign 1 Floor Runner - 2 I/31 x 10' 3 Framed Prints 1 Stool wt cloth & dried flowers Entry Foyer Deck 1 Sunbeam propane gas grill Dining Foyer 2 Hanging Pictures of Stags 1 Antique Secretary 1 Wooden Antique style liquor shelf cabinet 1 Decorative wines of the world 3-D display 1 Brass Stag candle holder 2 Canvas fruit pictures 1 Door chime Page 2 Dining Room 1 Table rectangular French Circa 1830 6 Cane Chairs w/ cushions 2 Cane Arm Chairs w/ cushions 1 Area Rug 1 Canvas Mediterranean city painting 1 Hanging Wooden plate rack Assorted decorative plates 1 Chandelier above dining table 1 Decorative Metal Bell — hanging Living Room 1 Red Leather sectional 4 Throw Pillows 1 Wooden Coffee table — circa 1830 w/ glass top 1 Antique Copper boiler 1 Set Iron fireplace tools 1 Small Broom 1 Small Wooden antique side table 1 Iron Floor lamp 1 Small Table lamp 1 Basket w/ dried flowers 1 Bang & Olufsen CD cassette player w/ 2 speakers & remote Assorted Books Assorted Decorative flowerpots 2 Framed Paintings of farm houses 1 Wrought Iron wall lamp 1 Upholstered Chair w/ 2 cushions 2 Matching Round ottomans 1 Wooden Rooster w/ assorted fruit 1 Area Rug 9' x 10' 2 Glass Metal end tables 1 Wooden Sideboard — 2 doors painted w/ chickens 1 Ice Bucket & assorted liquor glasses 1 Wooden Framed mirror 1 Ceramic Flower pot w/ silk calla lilies 1 Ceramic Flower pot w/ dried flowers Window Coverings, valances, drapes, blinds Page 3 1 Chandelier 1 Panasonic 50" Flat screen TV w/ remote 1 GO DVD/Video player & remote 1 Decorative Metalpot w/ fern Living Room Deck 1 Wrought Iron oblong table w/ umbrella 4 Chairs wI cushions 1 Wooden Ladder Kitchen 3 Kitchen Bar chairs 1 Granite Cutting board 1 GE Profile refrigerator/freezer wI ice maker, water dispenser 1 GE Oven & stovetop 1 GE Microwave oven 1 Mr. Coffee electric coffee maker 1 Toastmaster 4-slice toaster 1 Kitchenaid Dishwasher 1 Kitchenaid Trash compactor 1 Set CoreIle dinnerware Assorted glassware — cocktail, juice & water 1 Set Salt & Pepper shakers 1 Set Flatware Assorted cooking pots & pans wi lids 1 Herb-Spice rack w/ spices 1 Wooden Paper towel holder 2 Area Floor rugs 1 Flower Pot w/ silk orchid 1 AT&T Slimeline wall phone Loft 2 Beds w/ Lower drawers 3 Throw Pillows 2 Large Round pillows 3 Wall Lamps 2 Twin Bedspreads 1 Pine Table 1 Metal Standing lamp Page 4 Wrought Iron blanket holder 2 Throw Blankets 1 Dresser 1 Wall Coat rack 1 Wood Branch chair w, leather cushioned seat 2 Metal Table lamps 1 Painted CD holder 1 Air Conditioner Sun Pentown in custom wood cabinet w/ remote 1 Metal Basket w/ pinecones 1 Vizio 32" Flat screen TV w/ Remote 1 Sharp Alarm clock 1 King Mattress 1 King Bed skirt 1 King Metal frame w/ rollers 1 King Comforter 2 Pillow Shams 1 Pine Side table w/ drawer between beds 1 Birch Stump candle holder w/ candle 1 2 Door 2 drawer wardrobe 1 Carbon Monoxide monitor 1 Smoke Detector Loft Bath 1 Mountain Print wood frame 1 Wrought Iron 2 shelf utility 1 Wicker Waste basket 2 Framed Bird pictures 2 Metal Towel holders 2 Bath Mats 1 Wall Mount hair dryer Laundry Closet 1 Maytag Washer/dryer Assorted cleaning supplies Hall 3 Framed French hanging prints 2 Candle Wall sconces w/ LED candles Page 5 1 Carbon Monoxide monitor 1 Smoke Detector Hallway Bath 1 Small area rug 1 Ceramic Soap dish 1 Wicker Waste basket North Bedroom 2 Built-in Bunk beds 2 Wall Lamps 2 Framed Harper's weekly prints 3 Throw Pillows 1 Wrought Iron floor lamp 1 Hanging Coat rack 1 Drop Leaf table 1 Wicker Waste basket 1 Hanging Wall mirror 1 Hanging Wood framed cat picture 1 Red Plaid rocking occasional chair 2 Comforters red/black 1 Black Duvet w/ down comforter 2 Pillow Shams 1 Sony Alarm clock 1 Shadow Vacuum 1 Red Wicker flower basket Window Coverings AN Mirrors on back side of closet doors Northeast Guest Bedroom 2 Queen Size brass beds 2 Duvets 2 Dust Ruffles 4 Throw Pillows 1 Bedside Table 1 Wall Lamp 1 Wrought Iron floor lamp 1 Leather Armchair 1 Large Framed wall mirror Page 6 1 7 Drawer Dresser 1 Timex Alarm clock 1 Vizio 32" Flat screen TV w/ Remote 1 Waste Basket 1 Wrought Iron table lamp 1 Pot w/ Decorative flowers 1 Canvas Form print 2 Tin Prints 3 Small Decorative mirrors 1 Wicker Basket w/ flowers 2 Bamboo Luggage jacks Window Coverings Alf Mirrors on back side of closet doors Northeast Guest Bath 2 Bath Mats French Print wood framed 1 Wooden Shelf 1 Leather Waste basket 1 Wood Basket 1 Ceramic Soap dish & 2 cups 1 Wall Mount hair dryer Master Bedroom 1 King Sleigh bed w/ king mattress 2 Twin Box springs 1 King Comforter 4 Pillow Shams 3 Throw Pillows 2 King Size pillows 3 Floor throw rugs 2 Mounted Wall lamps 1 Decorative Metal design above bed 1 Antique Side table 1 Chronometric Radio alarm clock 1 AT&T Cordless telephone 1 Decorative. Flower pot 1 Tray Side table 1 Brass Floor lamp Page 7 1 Upholstered Chair w/ ottoman 1 5-Drawer Painted dresser 1 Gilded Framed picture of grapes 1 Gilded Framed picture of pears 1 Decorative Pot w/ dried arrangement Vizio 36" Flat screen TV w/ Remote 1 4-Door Pine armoire 1 Large Hanging mirror 2 Glass/Wood wall units 1 Ironing Board 1 GE Electric iron 1 Humidifier Lined window coverings All Mirrors on back side of closet doors 1 Carbon Monoxide monitor Smoke Detector Master Deck Round Wrought iron table w/ glass top 2 Chairs Master Bath 1 Wrought Iron round stool 2 Ceramic Soap dishes 1 Make-up Mirror 2 Decorative Baskets 2 Canvas Prints 3 Floor Throw rugs 1 Wicker Waste basket 1 Mounted Vanity mirror 1 Wall Mount hair dryer FINAL LIEN AFFIDAVIT AND AGREEMENT Date: November 14,2014 Property: Real property and improvements located in the County of Eagle, State of Colorado, and more particularly described as follows: Condominium Units 503&732 of Village Inn Plaza 68 E. Meadow Drive Unit 503 Vail, Colorado 81657 File No.: 01330-48074 PURCHASER'S AFFIDAVIT: The undersigned, Purchaser(s) of the herein described property, to induce Stewart Title Guaranty Company to issue its ALTA LOAN or ALTA OWNERS Policies of Title Insurance,without including therein an exception as to mechanics'liens or other statutory liens, in connection with the property described in said commitment, or any rights thereto,where no notice of such liens or rights appear of record, do hereby make the following representations to Stewart Title Guaranty Company with full knowledge and intent that said company shall rely thereon: 1. That the improvements on the real estate herein described have been fully completed and have been accepted by the undersigned as completed and as satisfactory. 2. The full purchase price has been paid by said purchaser(s)to said Owner/Seller. 3. The said premises(were)(will be)occupied by said purchaser(s)on or about November 14,2014. 4. That the undersigned are not aware of any bills for services, labor or materials used in connection with the construction of the improvements located on said property which have not been paid. 5. That the undersigned have not caused any materials to be furnished or work to be done on the improvements located on said property or said property itself,which could give rise to any mechanics'or other statutory liens, claims and/or liens for such material or work, have not executed any security agreements or financing statements for materials, appliances, fixtures or furnishings, placed upon the property herein described or installed in the improvements located on said property. 6. In light of the foregoing facts, the undersigned, in connection of the issuance by Stewart Title Guaranty Company of a policy of Title Insurance covering said property in the manner described by the undersigned as set out above, hereby promise, covenant and agree to hold harmless, protect and indemnify Stewart Title Guaranty Company, the Mortgagee and their successors in interest from and against those liabilities, losses, damage, expenses and charges, including but not limited to attorney's fees and expenses of litigation by reason of any mechanics'or other statutory liens claims and/or liens for services, labor or materials used in connection with the construction of improvements located on said property insofar as they pertain to Paragraphs 1 to 5 above. LUBLANISTMENTS ,Rri SH VI"GIN ISLANDS COMPANY BY: l 1� 1. L MITED,A BAHAMIAN INTERNATIONAL BUSINESS COMPANY,its Director rd; - ury,A. • "z d Si Igna ory Q" a'1 211l // /gyp SharE ece E. Scott,Authorized Signatory BY:,�DE!LN• I it -D,A :AHAMIAN INTERNATIONAL BUSINESS COMPANY, its Director ./ en - E.Girling,Authorized Signatory 0000( toll,' Anya James,Authorized Signatory File No.:01330-48074 CO Final Lien Affidavit and Agreement Page 1 or 2 State 71 a65cutik County of_A2 aflarn1•S The foregoing instrument was acknowledged before me this i day of Rmy (NL1 by Kenris Albury and Shareece E. Scott as Authorized Signatories of Delco Investments Limited, a Bahamian International Business Company, its Director and Terence E. Girling and Anya James as Authorized Signatories of Delnom Limited, a Bahamian International Business Company, its Director of Lublan S.A.,a British Virgin Islands Company. Witness my hand and official seal. );/r;��sr: Clna�c.- rnrte5 No'{y)ry Public: �l My commission expires:I D&6lM b ( 2D!'f � r • File No.:01330-48074 CO Final Lien Affidavit and Agreement Page 2 of 2 INDEMNITY AND AFFIDAVIT AS TO DEBTS, LIENS, AND POSSESSION File Number: 01330-48074 Real Property and improvements located in the County of Eagle,State of Colorado,and more particularly described as follows: Condominium Units 503&732 of Village Inn Plaza 68 E.Meadow Drive Unit 503 Vail,Colorado 81657 Before me,the undersigned authority on this day personally appeared Robert P.Smith Seller(s)* personally known to me to be the person(s) whose name is subscribed hereto and upon his/her oath deposes and says that no proceedings in bankruptcy or receivership have been instituted by or against him/her and that the marital status of Affiant has not changed since the day of acquisition of said property and represents to the purchaser and/or Lender in this transaction that there are: 1. No unpaid debts for lighting and plumbing fixtures,water heaters,floor furnaces, heaters, air conditioners, built-in fireplace screens, installed outdoor cooling equipment, swimming pool equipment, built-in cleaning equipment, built-in kitchen equipment, satellite dish, radio or television antennae, garage door openers, carpeting, rugs, lawn sprinkling systems, venetian blinds, curtains and rods, window shades, draperies and rods, valances,screens,shutters, awnings, mirrors,ceiling fans,attic fans,mail boxes, security and fire alarm detection equipment,water softener,electric appliances,fences,street paving,or any personal property or fixtures that are located on the subject property described above,and that no such items have been purchased on time payment contracts, and there are no security interests on such property secured by financing statement, security agreement or otherwise except the following: Creditor Approximate Amount NONE (If NONE,write"NONE"on blank line) 2. No loans, unpaid judgments, or liens(including Federal or State Liens or Judgment Liens)and no unpaid governmental or association taxes, charges or assessments of any kind on such property except the following: Creditor Approximate Amount NONE (If NONE,write"NONE"on blank line) 3. All labor and material used in the construction of improvements on the above described property have been paid for and there are now no unpaid labor or material claims against the improvements or the property upon which same are situated,and I hereby declare that all sums of money due for the construction of improvements have been fully paid and satisfied,except the following: NONE (If NONE,write"NONE"on blank line) 4. No leases,contracts to sell the land,or parties in possession other than Affiant except as follows: NONE (If NONE,write"NONE"on blank line) r" *5. To be filled,in if a sale-*The Seller (is) X (is not) (Check applicable) a foreign person,foreign corporation, foreign partnership, foreign trust,foreign estate or other foreign entity(as defined in the Internal Revenue Code and Income Tax Regulations) Seller's address(office address,if seller is an entity;home address if seller is an individual)is: PO Box 700,Evergreen,CO 80437 This Affidavit may be disclosed to the Internal Revenue Service and Is furnished to Buyer to inform Buyer that withholding of tax is not required under Section 1445 of the Internal Revenue Code. If any deed of trust recorded against my property secures an open line of credit or a revolving line of credit, I/we affirm that I/we have not drawn additional funds from the line of credit since the date of the Payoff Statement from my/our lender to Stewart Title-Edwards. I/we further agree and affirm that Uwe will not make any further draws on the line of credit after the date of this affidavit. I/we further affirm that I/we have not taken out any loans against our property other than those shown on the above referenced commitment number. Indemnity: I agree to pay on demand to the purchasers and/or lender and/or title companies (including Stewart Title Guaranty Company) in this transaction,their successors and assigns,all amounts secured by any and all liens, claims or rights not show above,together with all costs, loss and attorney's fees that said parties may incur in connection with such unmentioned liens, provided said liens, claims, or rights either currently apply to such property,or a part thereof, or are subsequently established against said property and are created by me, known by me,or have an inception or attachment date prior to the closing of this transaction and recording of the deed and deed of trust. I realize that the Purchaser and/or Lender and Title Companies In this transaction are relying on the representations contained herein in purchasing same or lending money thereon and issuing title policies and would not purchase same or lend money or Issue a title policy thereon unless said representations were made. If Seller or Borrower is an entity,I have authority to sign on its behalf. Robert P. Smith State of Colorado County of .j` ) �� The foregoing i - rument was subscribed and sworn to before me this day of 001 ,/ by Robert P.Smith. LYNN R ANTONY Wi ass my hand an. offici-Jseal. Notary Public State of Colorado / _AO 4.1 •' 6 Notary ID 20134057928 of •ubiic 4 My Commission Expires Sep 23, 2017 My commission expires: NOTE TO BUYER: Buyer must retain until end of fifth taxable year of transfer and must file with the Internal Revenue Service if required by regulation or otherwise. NOTE: To be filled in personally by Seller in his/her own handwriting. File No.: 01330-48074 Affidavit of Debts and Liens Seller STCO Page 1 of 1 STG Privacy Notice Stewart Title Companies WHAT DO THE STEWART TITLE COMPANIES DO WITH YOUR PERSONAL INFORMATION? Federal and applicable state law and regulations give consumers the right to limit some but not all sharing. Federal and applicable state law regulations also require us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand how we use your personal information.This privacy notice is distributed on behalf of the Stewart Title Guaranty Company and its title affiliates(the Stewart Title Companies), pursuant to Title V of the Gramm-Leach-Bliley Act(GLBA). The types of personal information we collect and share depend on the product or service that you have sought through us. This information can include social security numbers and driver's license number. All financial companies, such as the Stewart Title Companies, need to share customers' personal information to run their everyday business—to process transactions and maintain customer accounts. In the section below, we list the reasons that we can share customers'personal information;the reasons that we choose to share; and whether you can limit this sharing. Reasons we can share your personal information. Do we share Can you limit this sharing? For our everyday business purposes—to process your transactions and maintain your account.This may include running the Yes No business and managing customer accounts,such as processing transactions,mailing,and auditing services,and responding to court orders and legal investigations. For our marketing purposes—to offer our products and services to Yes No you. For joint marketing with other financial companies No We don't share For our affiliates'everyday business purposes—information about your transactions and experiences.Affiliates are companies related by common ownership or control.They can be financial and Yes No non-financial companies. Our affiliates may include companies wit/I a Stewart name;financial companies, such as Stewart Title Company For our affiliates'everyday business purposes—information No We don't share about your creditworthiness. For our affiliates to market to you—For your convenience, Yes Yes,send your first and last name,the email Stewart has developed a means for you to opt out from its affiliates address used in your transaction, your marketing even though such mechanism is not legally required. Stewart file number and the Stewart office location that is handling your transaction by email to optout@stewart.com or fax to 1-800-335-9591. For non-affiliates to market to you.Non-affiliates are companies No We don't share not related by common ownership or control,They can be financial and non-financial companies. We may disclose your personal information to our affiliates or to non-affiliates as permitted by law. If you request a transaction with a non-affiliate, such as a third party insurance company, we will disclose your personal information to that non-affiliate. (We do not control their subsequent use of information, and suggest you refer to their privacy notices.] SHARING PRACTICES How often do the Stewart Title Companies notify me We must notify you about our sharing practices when you request a about their practices? transaction. How do the Stewart Title Companies protect my To protect your personal information from unauthorized access and use, we personal information? use security measures that comply with federal law. These measures include computer, file, and building safeguards. How do the Stewart Title Companies collect my We collect your personal information, for example, when you personal information? ■ request insurance-related services • provide such information to us We also collect your personal information from others, such as the real estate agent or lender involved in your transaction, credit reporting agencies, affiliates or other companies. What sharing can I limit? Although federal and state law give you the right to limit sharing (e.g., opt out) in certain instances, we do not share your personal information in those instances, Contact us: If you have any questions about this privacy notice, please contact us at: Stewart Title Guaranty Company, 1980 Post Oak Blvd., Privacy Officer, Houston, Texas 77056 File No,:01330-45074 Page 1 Revised 11-19-2013 REAL PROPERTY TRANSFER DECLARATION - (TD-1000) GENERAL INFORMATION Purpose: The Real Property Transfer Declaration provides essential information to the county assessor to help ensure fair and uniform assessments for all property for property tax purposes, Refer to 39-14-102(4), Colorado Revised Statutes(C.R.S.). Requirements: All conveyance documents (deeds) subject to the documentary fee submitted to the county clerk and recorder for recordation must be accompanied by a Real property Transfer Declaration. This declaration must be completed and signed by the grantor(seller)or grantee(buyer). Refer to 39-14-102(1)(a),C,R_S. Penalty for Noncompliance: Whenever a Real Property Transfer Declaration does not accompany the deed,the clerk and recorder notifies the county assessor who will send a notice to the buyer requesting that the declaration be returned within thirty days after the notice is mailed. If the completed Real Property Transfer Declaration is not returned to the county assessor within the 30 days of notice, the assessor may impose a penalty of$25.00 or.025%(.00025)of the sale price,whichever is greater. This penalty may be imposed for any subsequent year that the buyer fails to submit the declaration until the property is sold. Refer to 39-14-102(1)(b),C.R.S. Confidentiality: The assessor is required to make the Real Property Transfer Declaration available for inspection to the buyer. However, it is only available to the seller if the seller filed the declaration. Information derived from the Real Property Transfer Declaration is available to any taxpayer or any agent of such taxpayer subject to confidentiality requirements as provided by law. Refer to 39-5-121.5,C.R.S.and 39-13-102(5)(c),C.R.S. 1. Address anchor legal description of the real property sold: Please do not use P.O.box numbers, 68 E. Meadow Drive, Unit 503&732,Vail,CO 81657 2. Type of property purchased: Single Family Residential Townhome '`� Condominium _Other _Multi-Unit Res —Commercial _—Industrial Agricultural ___..Mixed Use Vacant Land 3. Date of closing: November 14,2014 Date of contract if different than closing: October 15,2014 4. Total sale price: Including ail real and personal property. $3,800,000.00 5. Was any personal property included in the transaction? Personal property would include, but is not limited to, carpeting, draperies, free standing appliances,equipment, inventory, furniture. If the personal property is not listed, the entire purchase price will be assumed to be for the real property as per 39-13-102, C.R.S. Yes u No If yes,approximate value$ Describe 6. Did the total sale price include a trade or exchange of additional real or personal property? If yes,give the approximate value of the goods or services as of the date of closing. Yes X No If yes,value$ If yes,does this transaction involve a trade under IRS Code Section 1031? _Yes _No 7. Was 100%interest in the real property purchased? Mark"no"if only a partial interest is being purchased. X Yes No If no, interested purchased 8. Is this a transaction among related parties?Indicate whether the buyer or seller are related.Related parties include persons within the same family,business affiliates,or affiliated corporations. Yes )e-No 9. Check any of the following that apply to the condition of the improvements at the time of purchase. New Excellent x- Good Average Fair _Poor Salvage _Vacant land. If the property is financed,please complete the following. 10. Total amount financed. 11. Type of financing: (check all that apply) New Assumed Seller Third Party Combination;Explain File No.:01330-48074 Re&Property Transfer Declaration TO 1000 STCO Page 1 of 2 12. Terms: _Variable;Starting interest rale Fixed;Starting interest rate % _ Length of time years Balloon payment _ Yes _No. If yes,amount Due date 13. Please explain any special terms,seller concessions,or financing and any other information that would help the assessor understand the terms of sale. For properties other than residential (Residential is defined as: single family detached, townhomes, apartments and condominiums)please complete questions 14-16 if applicable. Otherwise,skip to#17 to complete. 14. Did the purchase price include a franchise or license fee? Yes No If yes,franchise or license fee value$ 15. Did the purchase price involve an installment land contract? Yes _No If yes,date of contract 16. If this was a vacant land sale,was an on-site inspection of the property conducted by the buyer prior to the closing? _Yes _No Remarks: Please include any additional information concerning the sale you may feel is important. 17. Signed this 14th day of November , 2014 Enter the day,month,and year,have at least one of the parties to the transaction sign the document,and include an address and a daytime phone number. Please designate buyer or seller. Buyer(s): LUBjAN... .,ABN - VIRGIN ISLANDS COMPANY ,0INVESTMEN'S LIMITED,A BAHAMIAN INTERNATIONAL BUSINESS COMPANY,its Director r' 0 Albury,Authorized Signatory Shareece E.Scott,Authorized Signatory BY: DELNOIv1 i�'ITE� BAHAMIAN INTERNATIONAL BUSINESS COMPANY,its Director e nce -r ming,Authorized Signatory nye James,Authorized Signatory 1' 8. All future correspondence(tax bills, property valuations,etc.)regarding this property should be mailed to: Paseo de la Reforma 365,Col,Cuauhtemoc,Mexico, D.F.,C.P.06500 ( ) Address(mailing) Daytime Phone City,State and Zip Code File No,:01330-48074 Real Property Transfer Declaration To 1000 STCO Page 2 of 2 SPECIAL WARRANTY DEED State Doc Fee: $380.00 Recording Fee: $11.00 THIS DEED is dated the 14th day of November, 2014, and is made between (whether one, or more than one), Robert P. Smith the"Grantor"of the County of Jefferson and State of Colorado and Lublan S.A., a British Virgin Islands Company (whether one, or more than one), the "Grantee", whose legal address is Paseo de la Reforma 365, Col, Cuauhtemoc, Mexico, D.F., C.P. 06500 of the County of and State of WITNESS, that the Grantor, for and in consideration of the sum of Three Million Eight Hundred Thousand Dollars and No Cents ( $3,800,000.00 ), the receipt and sufficiency of which is hereby acknowledged, hereby grants, bargains, sells, conveys and confirms unto the Grantee and the Grantee's heirs and assigns forever, all the real property, together with any improvements thereon, located in the County of Eagle and State of Colorado described as follows: Condominium Units 503 and 732, VILLAGE INN PLAZA, According to the Condominium Map thereof recorded November 19, 1982 in Book 349 at Page 11 as Reception No. 245351 and as defined in the Condominium Declaration recorded November 19, 1982 in Book 349 at Page 12 as Reception No. 245352. COUNTY OF EAGLE STATE OF COLORADO also known by street address as: 68 E. Meadow Drive, Unit 503 & 732, Vail, CO 81657 TOGETHER with all and singular the hereditaments and appurtenances thereto belonging, or in anywise appertaining, the reversions, remainders, rents, issues and profits thereof, and all the estate, right, title, interest, claim and demand whatsoever of the Grantor, either in law or equity, of, in and to the above bargained premises, with the hereditaments and appurtenances; TO HAVE AND TO HOLD the said premises above bargained and described, with the appurtenances, unto the Grantee, and the Grantee's heirs and assigns forever, The Grantor, for the Grantor and the Grantor's heirs and assigns, does covenant, grant, bargain,and agree that the Grantor shall and will WARRANT THE TITLE AND DEFEND the above described premises, but not any adjoining vacated street or alley, if any, in the quiet and peaceable possession of the Grantee and the heirs and assigns of the Grantee, against all and every person or persons claiming the whole or any part thereof, by, through, or under the Grantor except and subject to: See Exhibit "A" attached hereto and made a part hereof IN WITNESS WHEREOF, the Grantor has executed this deed on the date set forth above. Robert-P. Smith State of Colorado County of ' / bap(_ - The foregoin•instrument was acknowledged before me this /• day of i •/ by Robert P. Smith. Witnes my hand and official seal. ar Public My commission expires: g Z-3'` / 7 LYNN R ANTONY Notary Public State of Colorado , Notary ID 20134057928 My Commission Expires Sep 23, 2017 Stewart Title File Number: 01330-48074 Page 1 of 2 Special Warranty Deed STCO EXHIBIT "A" DEED EXCEPTIONS 1. All taxes for 2014 and subsequent years, which are a lien not yet payable. 2. The effect of inclusions in the following districts as disclosed by the Eagle County Colorado Treasurer's office: CO River Water Conservation, 076; Colo:Mtn College,(CMC), 012;:Eagle County, 001-011; Eagle Cty Health Service,,096;, Eagle River Water& San..,,069;'ERW.& San Dist Water,Subdist, 085; Minturn Cemetery District, 043; RE50J School Dist, 015-018;.Town of Vail, 036; Vail Park & Recreation Dist, 058, 3. All matters shown on the Map recorded September 19, 1982 in Book 349 at Page 11 as Reception No. 245351 and recorded November 19, 1984 in Book 400 at Page 203 as Reception No. 285156. 4. Declaration recorded November 1.9, 1982 Book 349 at Page 12 as Reception No. 245352 and Amended Declaration November 29, 2011 as'Reception No, 201122150. 5. Reciprocal Easement Agreement between Vail Village Inn, Inc., and Vail Village Inn Associates recorded January 3, 1981 in Book 351 at Page 324 as Reception No. 247662. 6. Protective.Covenants recorded August 10, 1962 in book 17-1 at Page 179. 7. All matters shown on the Plat of Vail Village First Filing recorded August'6, 1962 as Reception No. 96382. 8. Underground rightof way and easement as.granted'by Vail.Village Inc. to Holy Cross Electric Association recorded November 19, 1971 in Book 222 at Page 321 as Reception No. 118024. 9. Underground right of way easement granted to Holy Cross Electric Association, Inc., by Vail Village Inn Associates over a portion of land as'shown on a map attached as recorded January 21, 1983 in Book 352 at Page 397 as Reception No. 248734. 10. Agreement by and between Vail Village Inn,.Inc., a Colorado corporation and Village Inn Plaza Condominiums Association recorded September 9, 1983 in Book 367.at Page 833 as Reception No. 264155 11. Conveyance of Easement among Village Inn Plaza Condominium Association and Vail Village Inn, Inc., a Colorado corporation and F &'I Vail Village Partnership, a Colorado general'partnership as contained in instrument recorded July 10, 1984.in Book 388 at Page 862 as Reception No. 285163. Stewart Title File Number: 01330-48074 Page 2 of 2 Special Warranty Deed STCO STATEMENT OF AUTHORITY (38-3O-172, C,R.S.) 1. This Statement of Authority relates to an entity named LublgnS.A._..And is executed on behalf of the entity pursuant to the provisions of Section 38-30-172 C.R.S. 2. The type of entity is a International Business Company 3. Th ., nailing address for the entity is: 4. The entity is formed under the laws of British Virgin Islands 5. The name of the person(s)authorized to execute instruments conveying,encumbering,or otherwise affecting title to real property on behalf of the entity is: Kenris Albury,Authorized Signatory and Shareece E. Scott,Authorized Signatory of Delco Investments Limited,a Bahamian International Business Company,Director Terence E.Girling,Authorized Signatory and Anya James,Authorized Signatory of Delnom Limited, a Bahamian International Business Company, Director 6. The authority of the foregoing person(s)to bind the entity is gNot limited OR ❑Limited as follows: 7, Other matters concerning the manner in which the entity deals with interest in real properly: til 13 Dated this clay of IV OVem b P�' 200- Lublan S.A. BY: . ments nited,a Bahamian BY: Delnom Limited,a Bahamian International Il eire L1 Business C npany, Director Rump.a. LZtcecinr 'eja:,Al'u •ntorized Signatory ence r". ',Ming, Authorized Signatory hareece . 'co ,tilorized Signatory State of t�,SSdxtt. Anya James,Authorized Signatory .se-enty-of,CA m m Dy)afj.. h 1 4_ a mus Th forgoing instrument was acknowledged before me this 1,6 day of 1434 vdb�1� [ by Kenris Albury,Authorized Signatory,and Shareece E. Scott, Authorized Signatory,of - Delco Investments Limited, a Bahamian International Business Company,as Director of Lublan S.A,;and by Terence E. Girling, Authorized Signatory, and Anya James,Authorized Sigl'fatofy_,.i,of';.' Delnom Limited, ,a Bahamian International Business Company,as Director of Lublan S.A. Witness my lid:in ((ictal seal Notary Pub i My comrnise n expires: 31 ace 1/11/3( '2 0 ( ? 3c) Stolemenl of Authority Buyer Full STCo Page 1 of 1 STATEMENT OF AUTHORITY (38-30-172, C.R.S.) 1 This Statement of Authority relates to an entity named Detnom Limited,a Bahamian -- International Business Company And is executed on behalf of the entity pursuant to the provisions of Section 38-30-172 C.R.S. 2, The type of entity is a International Business Company_-_- -_ 3, The mailing address for the entity is: Delta. HD Use- Ilford) Cay 4. The entity is formed under the laws of -r ¢kLtIMCLS 5. The name of the person(s)authorized to execute instruments conveying,encumbering,or otherwise affecting title to real property on behalf of the entity is: Terence B. Girli_i ,Authorized Signatory Anya James,Authorized Signatory 6. The authority of the foregoing person(s)to bind the entity is'Vd Not limited OR ❑ Limited as follows: 7. Other matters concerning the manner in which the entity deals with Interest in real property: 1� Dated this 13 day of t\0d0.1,4 er D.At 4-. nce E. eirling,Authorized Signatory Anya James,Authorized Signatory Ct -iSte4e of QSSQt c- County of._C&itnmomJettl{-bl q)-11L ahaw,c`S t1, The forygoing instrument was acknowledged before me this 1 J day of_ .QC VIA 1"e-r , 2s?1 t_, by Terence E. Girling as Authorized Signatory and Anya James as Authorized Signatory of , f •Delnom Limited,a Bahamian International Business Company Witness r Sind an• official seal. �.i1 .� iii-.. ,� Notary Pub n� My commisriiitn expires: 31 nf,CQ,IM, i1 Statement of Authority Buyer Full STCO Page,I of 1 STATEMENT OF AUTHORITY (38-3O-172, C.R.S.) 1. This Statement of Authority relates to en entity named Delco Investments limited_A Bahamian I International Business Company And is executed on behalf of the entity pursuant to the provisions of Section 38-30-172 C.R.S. 2. The typo of entity is a__Interneational Business Company 3. The mailing address for the entity is: D e l t-ec__40 ase, , t. ford —Cad—.-------- -- Tlassau exhaw,as 1. The entity is formed under the laws of i he, _...-Bak)arti-iaS.__....------_-----------.--_-.--------- 5. The name of the person(s)authorized to execute:instruments convoying,encumbering,or otherwise affecting title to real property on behalf of the entity is: Kenris Albury,Authorized Signatory Shareece E. Scott,Authorized Signatory 0. The authority of the foregoing person(s)to bind the entity Is 1-Not limited Oft U Limited as follows: 7. Other matters concerning the manner in which the entity deals with Interest in root property Dated 1� /:_ _ .--clay ofNO 'ewt6cr an re .-bury, -vl .rized Signatory Shareece E.Scott,Authorized Signatory L34,3 tr:ttc°fIVQSscu __ — — - -4+9ty,:iComnnonrleal"Mn_._... '-11,..e. a ArnCLS .7/1, ,^ The foregoing instrument was acknowledged before me this 3clay of Welton 1l'6,2_, , .AQ...q.......by Kenris Albury as Authorized Signatory and Shareece E.Scott as Authorized Signatory of Delco Investments Limited, a Bahamian International Business Companyf: VVitnes:a r,, land a id official seal. ' i,.n ,,r Notary Puo De : I My comate son expires: 51 t�-� 201 — ) Ii for/A, I SIiiiuui'i,I of Authority nuyc>r Full:TCO Patio'I of 1 CONDOMINIUM ESTOPPEL CERTIFICATE EFFECTIVE DATE: November 14,2014 TO: LubIan S.A.,a British Virgin Islands Company("Purchaser") UNIT: Condominium Unit 503,Village Inn Plaza,Vail,Colorado 81657 OWNER OF UNIT: Robert P.Smith ASSOCIATION: Village Inn Plaza Condominium Association,Inc.,a Colorado nonprofit corporation This Estoppel Certificate has been prepared and the information contained herein made effective as of the Effective Date. Capitalized terms used herein and not otherwise defined shall have the meaning given to them in that certain Declaration of Covenants, Conditions and Restrictions of Village Inn Plaza, a Condominium Project Located in the County of Eagle, State of Colorado, recorded November 19, 1982, in Book 349,at Page 12,in the Eagle County,Colorado public records(the"Declaration"). 1. In accordance with Section 20(H) of the Declaration, the statement of outstanding and due Assessments from Owner to the Association is set forth on Exhibit A attached hereto and incorporated herein by this reference. Issuance and reliance upon-this Estoppel is contingent upon payment to the Association of the amount reflected on Exhibit A on the Effective Date, together with Association legal counsel fees and costs associated with issuance of the documents referenced and provided herewith and due diligence associated with same. There is no special assessment implemented by the Association upon the Effective Date hereof. 2. As of the Effective Date hereof, to the best of the Association's actual knowledge (i) without having performed a physical inspection of the Unit, and (ii) in reliance upon Owner's representations and warranties to the Association attached hereto as Exhibit B and incorporated herein by this reference,the Unit is in compliance with all terms of the Declaration and governing documents(bylaws,rules and regulations and policies)for the Association. 3. To the best of the Association's actual knowledge, the Association leases to the owner of the Unit the exclusive right to use and occupy the"Exterior Deck"and"Interior Entry"General Common Element areas adjacent to the Unit pursuant to a lease agreement between the Association, as . landlord, and a predecessor-in-interest of Owner, as tenant (the "Lease"), which such Lease is referenced in the letter agreement and Acknowledgement of Receipt of Prepayment of Rent dated March 24,2000 attached hereto and incorporated herein as Exhibit C(the"Acknowledgement"), and which such Lease shall survive closing and benefit Purchaser as the owner of the Unit and be and remain in effect until and subject to.the terms set forth on Exhibit C. Notwithstanding the foregoing, in the event that the Association is unable to provide a copy of the Lease to Purchaser, the Association agrees in good faith to enter into a new lease agreement with Purchaser for such "Exterior Deck" and "Interior Entry" General Common Element areas adjacent to the Unit, subject to the terms of the Acknowledgement, and the form and substance of such new lease agreement shall be mutually agreed upon by Purchaser and the Association. Further, in reliance upon the Owner's Certificate attached hereto as Exhibit B,to the best of the Association's actual knowledge, there are no verbal or written leases, rentals or occupancy agreements, no rights of others to occupy or use any balcony labeled Limited Common Element to the Unit and General • Common Element adjacent to the Unit, according to the Declaration and condominium map of - record, pursuant to either a written or oral understanding, and any leases with respect to any balcony or entryway of the Unit have been terminated in writing by Owner on the Effective Date hereof,excepting the Lease. • 4. The person signing below on behalf of the Association has the power and authority to sign this Estoppel Certificate. 5. This Estoppel Certificate shall be governed by and construed in accordance with the laws of the State of Colorado. Executed to be made effective on the Effective Date set forth above. ASSOCIATION: • VILLAGE INN PLAZA CONDOMINIUM ASSOCIATION, i . Colorado nonprofit corporation t By: ►.t... . _►►. Name: KAu1 Title: .00' P t 0 I137855v1 t t Y' ".i'l,'r ,i. t /" :t 1 isi i ) „:.r +i .:.:.1r:r�%•.4.. r..,er•,t!a ..u:.le. i Sto trtTitle-b•ward. 97 Main Street,Ste W-201 Edwards,CO 81632 PHONE: (970)926-0230 FAX: (970)797-1917 or entail shelmer@stewart.com TO. Village Inn Plaza TODAY'S DATE. October 22.2014 ATTN: lottelia.romero©nla-cpas.com CLOSING DATE.November 14.2014 File Number. 01330-48074 Due Date for this form. October 27,2014 Legal Description. Condominium Unit 503&732 of Village Inn Plaza 68 E.Meadow Drive Unit 503 Vail,Colorado 81657 Address. 68 E.Meadow Drive. Unit 503,Vail,CO 81657 Buyer Lublan S.A.;a British Virgin Islands Company Paseo de la Refomia 365,Cot,Cuauhtemoc,Mexico, D.F.,C.P.06500 Owner/Seller Robert P.Smith PLEASE COMPLETE THE FOLLOWING INFORMATION&RETURN BY FAX TO OUR OFFICE THANK YOU HOMEOWNERS CERTIFICATION&AFFIDAVIT Thossociation dues for the property list above are a (01(4 0- 0-- per 0 month y&quarter 0 year The dues cover. . IW Water(for the Unit,not the Common Areas) (�_{ Jy� kyr Sewer(for the Unit,not the Common Areas) I 1) ('YO-6 2,Z .t Insurance Insurance Company MAc.4.'Mlo_ U- t1' Phone _ Common area maintenance&utilities 'r Reserve fund � , ) /r 1 SS Jct)yr rl r / Payable 00!14)". -i�✓t )�lf}2A W�du, Statement preparation fee 5 I Y �r� /� Transfer Fee 5 Payable to: •P of f3°+ •S F DThe dues are paid current through the end of(date). .i J 3 y /J val to S42-0 -vs The dues have not been paid. The amount owed is:— 4y y � c� Stewart Title- Edwards must collect S from the Seller and pay the association to bring all dues current through rz.)3i1r..! {tSslrcrt2 , 5 There is a working capital reserve allocation to the unit in the amount of S rVAr • Watch is to be: O Collected from the Purchaser&paid to the Association. CI Collected from the Purchaser&paid to the Seller. At this time there 0 is EA,Is not a SpecialAssessment against the property. The total amount duo is S If this Unit is subject to a Right of First Refusal,Stewart Title-Edwards requires a letter from the Association that this requirement has been fully complied with, This letter will be recorded once the closing has occurred. Certificate for right of first refusal: 0 Initiated Y'not required Fee for Right of First Refusal 5 . Certifies)this 1_ct day of (!)(-r`''. ,20 I.t BY: 1(>t,u(2., ACTING AS 4)i.'t- NO VOSAD,LYLE & ASSOCIATES,P.C. PHONE61:1u f t{>`-i!!5Q.yr PGL ADDRESS: PO OW S`J fd A-oil6.7 8Jt•1..•w RETURN TO- Stewart Title-Edwards V ATTN: Mary McDougall ( (3� FAX (970)707-1917 f�I of (/I/r �t JA 11 �`f L((A U,� PcnJc�µt Spy xS �h.l t c t { ^ Ad,,,,,,,,,“ __ --NvA,_ -0, t,.n c_.1.AA-s t-j t tt LxsCL- -6D1,-( .- S/i"-r't7'S �t��{ (' r 3, -- -CP' iAi--;0w` 13 ,ta53�' 5131 (tat tued S1e4 1. t Ss I Fes No,. U1330-45074 Pale 1 of I Request HOA Status Letter STCO til'410 ' ....t. ..4... ,,. 7,M t a,, 'Statement tit,,,,,, ,< VILLAGE INN PLAZA CONDO ASSOCIATION Statement Date: 10/24/2014 P.O. BOX 5910 AVON, CO 81620 9708458000 ARDELLA & ROBERT P SMITH Customer Number: 0000503 BOX 700 EVERGREEN, CO 80437 Contact: _ Date Reference Description Charge Credit Balance Balance Forward 33,601.25 1/10/2013 0004197-IN 10,674.73 44,275.98 1/14/2013 Payment Ref:0 6,052.56 38,223.42 3/8/2013 0004261-IN 7,407.19 45,630.61 4/18/2013 Payment Ref:0 7,407.19 38,223.42 6/6/2013 0004332-IN 6,351.46 44,574.88 7/9/2013 Payment Ref:0 6,351.46 38,223.42 7/30/2013 Payment Ref:0 5,000.00 33,22.3.42 8/2/2013 Payment Ref:0 3,223,42 30,000.00 9/3/2013 Payment Ref:0 5,000.00 25,000.00 9/4/2013 0004395-IN 7,097.27 32;097.27 10/28/2013 Payment Ref:0 7,097.27 25,000.00 11/5/2013 Payment Ref:0 5,000.00 20,000.00 12/19/2013 0004457-IN 6,848.34 26,848.34 12/19/2013 Payment Ref:0 5,000.00 21,848.34 1/22/2014 Payment Ref:0 6,848.34 15,000.00 2/13/2014 0004520-IN 4,056.40 19,056.40 3/10/2014 0004583-IN 6,652.38 25,708.78 5/1/2014 Payment Ref:0 10,708.78 15,000.00 6/11/2014 0004656-IN 6,581.71 21,581.71 7/28/2014 Payment Ref:0 11,581.71 10,000.00 9/8/2014 0004725-IN 6,676.46 16,676.46 Total: 16,676.46 Balance Due 16,676.46 t Pig%L w,, ).''t-" -________.---- NI-NI- bfii r1'j, 5'4 a} 10 53 b y t' � �• J �t�t;. :?:'{itViiV,'iaj?i?:q,;p;i,5�aisi'!+f°'kti•%4R'ii J1f+G;i'ii�'A�'.1,'rftt'li+l",;n)��ui:^`•4:i:61f•Jl i,. CERTIFICATION STATE OF COLORADO ) Je((ir1 )ss. COUNTY OF-EAGLE I, Robert P. Smith, the Owner of Condominium Unit 503,Village Inn Plaza, in Vail, Colorado (the"Unit"), being first duly sworn upon oath under penalty of perjury, state, represent and warrant to the Village Inn Plaza Condominium Association, Inc., a Colorado nonprofit corporation (the"Association"), that: 1. There are no verbal or written leases, rentals or occupancy agreements, no rights of others to occupy or use any balcony labeled Limited Common Element according to that certain Declaration of Covenants, Conditions and Restrictions of Village Inn Plaza, a Condominium Project Located in the County of Eagle, State of Colorado, recorded November 19, 1982 in Book.349 at Page 12 in the Eagle County, Colorado real property records (the"Declaration"), and condominium map of record, pursuant to either a written or oral understanding, and any leases with respect to any balcony or entryway of the Unit are terminated in writing by me effective November 14, 201.4 (the"Effective Date"), excepting the lease(s)for the"Exterior Deck" and"Interior Entry" General Common Element areas referenced in the letter agreement and Acknowledgement of Receipt of Prepayment of Rent dated March 24, 2000, attached hereto and incorporated herein by this reference as Exhibit A(the "Lease(s)"). The Lease(s) shall be and remain in effect and benefit the Unit. 2. The Unit is in compliance with all terms of the Declaration; and any and all governing documents for the Association, including, but not limited to, the bylaws, rules and regulations and policies, as amended. 3. The Association is entitled to rely upon the statements herein and I agree to indemnify and hold the Association harmless from and against any and all liability, claims and issues arising from the statements contained herein and related to any lease andfor claim of rights held by third parties in the Unit, the Limited Common Element to the Unit, and General Common Element adjacent to the Unit, in perpetuity. Such indemnification includes reasonable legal expenses the Association may incur to defend or substantiate the statements herein. OWNER: Y Irl r ROBERT P. SMITH 21, Subscribed and sworn to before me this I'1 day of November, 2014, by Robert P. Smith. 4' ,. 0; s ^-J. pQ 4N1 �.. th.`'. Witness my hand and official seal. °`- s My commission expires: MaYC i 5 201 wow© o 14 C4r3 'TV) C73 is i Notary Pic ialic 11375i2.vi 7,. A 4„- k a t , MAY 31 2005 {TUE) 4j 3a CKRE , �} .. .:? 67'°•� :,.,1,�; _ k`s1 ACKNOWLEDGEMENT OF RECEIPT OF PREPAYMENT OF RENT Reference is made to the Lease Agreement, effective January 1, 1993, and the Modification thereof, dated March 23, 2000, (collectively, the "Lease") by and between the Village Inn Plaza Co.adon ixiiurn Association (the "Landlord") and Edmund A. Hajim (the "Tenant"), and the Assignment and Assumption of Lease, dated March 24, 2000, ("Assignment of Lease") whereby the Tenant on Mach 24, 2000 assigned his interest in and to the Lease to Briny Breezes Development,LLC,a Colorado Limited Liability Company (the"Assignee"). Landlord hereby acknowledges that it received prior written notice from the Tenant of the transfer and assignment of the Lease from the Tenant to the Assignee pursuant to the Assignmennt of Lease, that it has received a copy of the Assignment of Lease, and that the Assignment of Lea.Sa complies with the Lease, Landlord hereby further acknowledges receipt from Assignee of all rent, and any and all other amounts, which might be due under the Lease for a period of 20 years, from March 25, 2000 through and including IN/larch 24,2020. IN WITNESS WHEREOF, the undersigned has executed this ACKNOWLEDGMENT this-a%day of March,2000. LANDLORD: VILLAGE INN PLAZA CONDOMINIUM ASSOCIATION, a Colorado nonprofit corporation ' I By: I 'Josef St ufet' its fsasuror and Secretary 1 . ..,,- ... i'i. i Y, . ' f - , ,,,-, CKftc ,O tTUK} 16'38 �''''"'' �' ' ,u : r ti oR, tt vts .�,N t''1{ %tr1 rr t t E.:, - Ttlg eight Puupl+ Ak+t Voitvi.+� v.Ru�*, , Marey 24,2040 • TO: Jae Staufer FROM: George Lamb RV,: #503- Lease Payments • Deer Joe: As per the attachment to the now executed louse ap.xeement hei.wten the Association and the Hajuus, the Tease areas are as follows: Exterior Deck.........177 square feet 148 square feet Interior Entzy.......... 32S aquare squarefeet c it qui for the purpose of some confusion as to w�Zerz the lease commenced. l#is tiuil.c certain that the ares Three isoccupiedto the summer or fall of 1 were not prior I. l93. payments,we have used the Mart date as January payment: The foiloWin,Z is a breakdown of the attached lease pay Yearly Rent ($963.98) Deck; $525; Interior Entry$433.98 PasDoc: ,1/1/93-3/24/00 ,7yQS2,21 (7 yrs./$6,747.86;3 months/$240.99;24 days/563.36)............ snt fer decl�.,......,.,51525 x 20 yrs....,,..., ., 8 779 bU 11111. re- a $438.98 x 20 yrs.... .._..y .=-- 2Q yes�rr p p interior entry... ,..S19,2'79.60 2Q year pre-payment for ,...... 'I'ntatl�re-'F'�ymaut...r.ra..ar...a...-+.te..�....1... ...-52+5,33X.SI ']C�tal I.,aneo Pa lJ+icls u:Shoves at Vail Vtllago Uffloo 2,30 Cirtcttg Slrvuf . Vcil Colorado1.1165757 . 7vtupguru 970 476 241:1 . tNcvit970 476 2658 5 .-.... . '' .. 11: Ys tt ntu,.tuA,AyS+� zom 'd wd 'zm 90:ze:so Eagle County,CO 201420052 TeakJ Simonton 11/19/2014 Pgs: 2 01:48:51 PM REC: $16.00 DOC:$380.00 SPECIAL WARRANTY DEED State Doc Fee: $380.00 Recording Fee: $11.00 • THIS DEED is dated the 14th day of November,2014, and is made between } (whether one, or morethan one), Robert P.Smith 2 the"Grantor.,of the County of Jefferson and State of Colorado and. Lublan S.A.,a British Virgin Islands Company (whether one, or more than ones, the"Grantee",whose legal address is Paseo de la Reforrna 365, Col, Cuauh.ternoc, Mexico,D.F., C.P. 06500 of the County of and State of WITNESS,that the Grantor,for and in consideration of the sum of Three Million Eight Hundred Thousand Dollars and No Cents ( $3,800,000.00), the receipt and sufficiency of which is hereby acknowledged, hereby grants,bargains, sells,conveys and confirms unto the Grantee and the Grantee's heirs and assigns forever,all the real property,together with any improvements thereon,located in the County of Eagle and State of Colorado described as follows: Condominium Units 603 and 732, VILLAGE INN PLAZA, i. According to the Condominium Map thereof recorded November 19, 1982 in Book 349 at Page 11 as Reception No.245351 and as defined in the Condominium Declaration recorded November 19, 1982 in Book 349 at Page 12 as Reception No.245352. 7€ COUNTY OF EAGLE STATE OF COLORADO also known by street address as: 68 E. Meadow Drive,Unit 503&732,Vail, CO 81657 TOGETHER with all and singular the hereditaments and appurtenances thereto belonging, or in anywise appertaining, s E the reversions, remainders, rents, issues and profits thereof, and all the estate, right, title, interest, claim and demand whatsoever of the Grantor, either in law or equity, of, in and to the above bargained premises,with the hereditaments and appurtenances: TO HAVE AND TO HOLD the said premises above bargained and described, with the appurtenances, unto the t! Grantee,and the Grantee's heirs and assigns forever,The Grantor,for the Grantor and the Grantor's heirs and assigns,does covenant,grant,bargain,and agree that the Grantor shall and will WARRANTTHE TITLE AND DEFEND the above described premises,but not any adjoining vacated street'or alley, if any,in the quiet and peaceable possession of the Grantee and the heirs and assigns of the Grantee,against all and every person or persons claiming thewhole or any part thereof,by,through, or under the Grantor except and subject to: See Exhibit"A"attached hereto and made a part hereof IN WITNESS WHEREOF,the Grantor has executed this deed on the date set forth above. z fVeleh-i/Ve/‘ Robert P.SiTlith State of Colorado , County of ,.t' ! 3 • r � • f � The foregain= instrument wasacknowledged before me this day of /1117L.2e Iy by Robert P. Smith. Witness my hand and official seal. My commission expires: - I LYNN R ANTONY Notary Public State of CotoradO Notary ID 20134057928 r� My Commission Expires Sep 23 2017 Stewart Title File Number: 01350-40074 Page.1 of 2 Special Warranty Deed STCO 020Aboa -- County Time — i Dlif le.com 800.460.5657 SPECIAL WARRANTY DEED State Doc Fee: $380.00 Recording Fee: $11.00 THIS DEED is dated the 14th day of November, 2014, and is made between (whether one, or more than one), Robert P. Smith the"Grantor"of the County of Jefferson and State of Colorado and Lublan S.A., a British Virgin Islands Company (whether one, or more than one), the "Grantee", whose legal address is Paseo de la Reforma 365, Col, Cuauhtemoc, Mexico, D.F., C.P. 06500 of the County of and State of WITNESS, that the Grantor, for and in consideration of the sum of Three Million Eight Hundred Thousand Dollars and No Cents ( $3,800,000.00 ), the receipt and sufficiency of which is hereby acknowledged, hereby grants, bargains, sells, conveys and confirms unto the Grantee and the Grantee's heirs and assigns forever, all the real property, together with any improvements thereon, located in the County of Eagle and State of Colorado described as follows: Condominium Units 503 and 732, VILLAGE INN PLAZA, According to the Condominium Map thereof recorded November 19, 1982 in Book 349 at Page 11 as Reception No. 245351 and as defined in the Condominium Declaration recorded November 19, 1982 in Book 349 at Page 12 as Reception No. 245352. COUNTY OF EAGLE STATE OF COLORADO also known by street address as: 68 E. Meadow Drive, Unit 503 & 732, Vail, CO 81657 TOGETHER with all and singular the hereditaments and appurtenances thereto belonging, or in anywise appertaining, the reversions, remainders, rents, issues and profits thereof, and all the estate, right, title, interest, claim and demand whatsoever of the Grantor, either in law or equity, of, in and to the above bargained premises, with the hereditaments and appurtenances; TO HAVE AND TO HOLD the said premises above bargained and described, with the appurtenances, unto the Grantee, and the Grantee's heirs and assigns forever, The Grantor,for the Grantor and the Grantor's heirs and assigns, does covenant, grant, bargain, and agree that the Grantor shall and will WARRANT THE TITLE AND DEFEND the above described premises, but not any adjoining vacated street or alley, if any, in the quiet and peaceable possession of the Grantee and the heirs and assigns of the Grantee, against all and every person or persons claiming the whole or any part thereof, by, through, or under the Grantor except and subject to: See Exhibit"A°' attached hereto and made a part hereof IN WITNESS WHEREOF, the Grantor has executed this deed on the date set forth above. l / Robert P Smith State of Colorado County of d // The foregoinCyinst ument was acknowledged before me this / day of it/(71}52 (9C-)/(7 by Robert P. Smith. Witne my hand and official seal. • a Pu.lic My commission expires: Z3'— LYNN R ANTONY • n Notary Public State of Colorado u.. Notary ID 20134057928 My Commission Expires Sep 23, 2017 Stewart Title File Number: 01330-48074 Page 1 of 2 Special Warranty Deed STCO EXHIBIT "A" DEED EXCEPTIONS 1. All taxes for 2014 and subsequent years, which are a lien not yet payable. 2. The effect of inclusions in the following districts as disclosed by the Eagle County Colorado Treasurer's office: CO River Water Conservation, 076; Cob Mtn College(CMC), 012; Eagle County, 001-011; Eagle Cty Health Sen/ine, 096; Eagle River Water&San., 069; ERW& San Dist Water Subdist, 085; Minturn Cemetery District, 043; RE5OJSchool Dist, 0i6'O18; Town ofVail, O3G;Vail Park& Recreation Dist, OS8. 3. All matters shown on the Map recorded September 19, 1982 in Book 349 at Page 11 as Reception No. 245351 and recorded November 19, 1984 in Book 400 at Page 203 as Reception No. 285156. 4. Declaration recorded November 19, 1982 Book 349 at Page 12 as Reception No. 245352 and Amended Declaration November 29, 2011 as Reception No. 201122150. 5. Reciprocal Easement Agreement between Vail Village Inn, Inc., and Vail Village Inn Associates recorded January 3, 1981 in Book 351 at Page 324 as Reception No.247662. 6. Protective Covenants recorded August 10, 1962 in book 174 at Page 179. 7. All matters shown on the Plat of Vail Village First Filing recorded August 6, 1962 as Reception No. 96382. 8. Underground right of way and easement as granted by Vail Village Inc. to Holy Cross Electric Association recorded November 19, 1971 in Book 222 at Page 321 as Reception No. 118024. 9. Underground right of way easement granted to Holy Cross Electric Association, Inc., by Vail Village Inn Associates over a portion of land as shown on a map attached as recorded January 21, 1983 in Book 352 at Page 397 as Reception No. 248734. 10. Agreement by and between Vail Village Inn, Inc., a Colorado corporation and Village Inn Plaza Condominiums Association recorded September 9, 1983 in Book 367 at Page 833 as Reception No. 264155 11. Conveyance of Easement among Village Inn Plaza Condominium Association and Vail Village Inn, Inc., a Colorado corporation and F& I Vail Village Partnership, a Colorado general partnership as contained in instrument recorded July 10, 1984 in Book 388 at Page 862 as Reception No. 285163. StewartTitle File Number: O1330-48074 Page 2 of 2 Special Warranty Deed STCO REAL PROPERTY TRANSFER DECLARATION - (TD-1000) GENERAL INFORMATION • Purpose: The Real Property Transfer Declaration provides essential information to the county assessor to help ensure fair and uniform assessments for all property for property tax purposes. Refer to 39-14-102(4), Colorado Revised Statutes(C.R.S.). Requirements: All conveyance documents (deeds) subject to the documentary fee submitted to the county clerk and recorder for recordation must be accompanied by a Real Property Transfer Declaration. This declaration must be completed and signed by the grantor(seller)or grantee(buyer). Refer to 39-14-102(1)(a),C.R.S. Penalty for Noncompliance: Whenever a Real Property Transfer Declaration does not accompany the deed, the clerk and recorder notifies the county assessor who will send a notice to the buyer requesting that the declaration be returned within thirty days after the notice is mailed. If the completed Real Property Transfer Declaration is not returned to the county assessor within the 30 days of notice, the assessor may impose a penalty of$25.00 or.025%(.00025)of the sale price,whichever is greater, This penalty may be imposed for any subsequent year that the buyer fails to submit the declaration until the property is sold. Refer to 39-14-102(1)(b),C.R.S. Confidentiality: The assessor is required to make the Real Property Transfer Declaration available for inspection to the buyer. However, it is only available to the seller if the seller filed the declaration. Information derived from the Real Property Transfer Declaration is available to any taxpayer or any agent of such taxpayer subject to confidentiality requirements as provided by law. Refer to 39-5-121.5, C.R.S.and 39-13-102(5)(c), C.R.S. 1. Address and/or legal description of the real property sold: Please do not use P.O. box numbers. 68 E. Meadow Drive, Unit 503&732,Vail,CO 81657 2. Type of property purchased: Single Family Residential Townhome `y... Condominium Other _Multi-Unit Res _Commercial Industrial __Agricultural Mixed Use __Vacant Land 3. Date of closing: November 14,2014 Date of contract if different than closing: October 15,2014 4. Total sale price: Including all real and personal property. $3,800,000.00 5. Was any personal property included in the transaction? Personal property would include, but is not limited to, carpeting, draperies, free standing appliances, equipment, inventory, furniture. If the personal property is not listed, the entire purchase price will be assumed to be for the real property as per 39-13-102,C.R.S. _Yesf No If yes, approximate value$ Describe 6. Did the total sale price include a trade or exchange of additional real or personal property? If yes,give the approximate value of the goods or services as of the date of closing. Yes X No If yes,value$ If yes,does this transaction involve a trade under IRS Code Section 1031? Yes No 7. Was 100%interest in the real property purchased? Mark"no"if only a partial interest is being purchased. X Yes _No If no, interested purchased 8. Is this a transaction among related parties?Indicate whether the buyer or seller are related. Related parties include persons within the same family,business affiliates,or affiliated corporations. Yes X-No 9. Check any of the following that apply to the condition of the improvements at the time of purchase. _New —Excellent x- Good —Average —Fair _Poor Salvage Vacant land. If the property is financed,please complete the following. 10. Total amount financed. 11. Type of financing: (check all that apply) New Assumed Seller Third Party —Combination;Explain File No.:01330-48074 Real Property Transfer Declaration TD 1000 STCO Page 1 of 2 12. Terms: _Variable;Starting interest rate % _ Fixed;Starting interest rate 0/0 Length of time years Balloon payment _Yes _No. If yes,amount Due date 13. Please explain any special terms,seller concessions,or financing and any other information that would help the assessor understand the terms of sale. For properties other than residential (Residential is defined as: single family detached, townhomes, apartments and condominiums)please complete questions 14-16 if applicable. Otherwise,skip to#17 to complete. 14. Did the purchase price include a franchise or license fee? _Yes No If yes,franchise or license fee value$ 15. Did the purchase price involve an installment land contract? Yes No If yes,date of contract 16. If this was a vacant land sale,was an on-site inspection of the property conducted by the buyer prior to the closing? Yes —No Remarks: Please include any additional information concerning the sale you may feel is important. 17. Signed this 14th day of November , 2014 Enter the day,month,and year,have at least one of the parties to the transaction sign the document,and include an address and a daytime phone number. Please designate buyer or seller. Buyer(s): LUB AN •.-., • B' VIRGIN ISLANDS COMPANY iit1/10 INVESTMEN! LIMITED,A BAHAMIAN INTERNATIONAL BUSINESS COMPANY,its Director r Albury, •uthorized Signatory , ►/ I ' / . - Shareece E. Scott,Authorized Signatory BY: DELNOM,��Ofi ITE 9 • .•MIAN INTERNATIONAL BUSINESS COMPANY,its Director i i ea, it ming,Authorized Signatory % -nya James,Authorized Signatory 18. All future correspondence(tax bills, property valuations,etc.)regarding this property should be mailed to: Paseo de la Reforma 365,Col,Cuauhtemoc,Mexico, D.F.,C.P.06500 ( ) Address(mailing) Daytime Phone City,State and Zip Code File No. 01330-48074 Real Property Transfer Declaration TD 1000 STCO Page 2 of 2