Ch. de Salzbourg, Morin-Heights, QC J0R1H0, CA, Morin-Heights, Québec J0R1H0

Hendrix Lake: Land of 96825.67 square feet in a magical place dominated by nature and the panorama that stretches as far as the eye can see, a unique place where freedom takes its essence. In the Hendrix Lake project, building your home goes far beyond the clever assemblies of wood and mortar. Building is the consecration of a dream where all the elements are brilliantly brought together. Exclusivity of construction clause: The Buyer must, within 36 months of the publication of this sale (the Period ), begin the construction of a new detached residential building on the lot sold (the Building ). It is an essential condition of this sale that the immovable be built in the form of a turnkey including the construction of accessory buildings, elements of the immovable and the building. The Purchaser must, within 36 months of the publication of this sale (the Period ), begin the construction of a new detached residential immovable on the lot sold (the Immovable ). It is an essential condition of this sale that the immovable be built in a turnkey form including the construction of accessory buildings, purification elements, wells, excavation and landscaping by the seller or a qualified general contractor chosen by the seller. EXTENSION: In the event that construction has not commenced within the Deadline, the Seller may, at its discretion, instead of exercising its remedies provided for in a) or b) below, extend the Deadline by as many 12-month periods as the Seller wishes; Buyer and its successors or assigns shall be subject to the same obligations during such extensions granted by Seller. The end of this extended period will be the new Time Limit . If the Seller fails to inform the Buyer within the Period of its intention to extend the latter by 12 months in the manner mentioned above, the Period will then be presumed to be automatically extended by 12 months. The signatory parties acknowledge that the above clause is an integral part of the contract of sale and that it is also a contract stipulated for third parties towards the seller and the general contractor chosen by the seller, in particular LES CONSTRUCTIONS INVESCO INC, which accept in advance the commitment entered into by the buyers hereunder, the latter waiving the right to receive a verbal or written acceptance from the seller and the general contractor chosen by the seller, in particular LES CONSTRUCTIONS INVESCO INC, acknowledging that it is contractually bound to the same for all the clauses of this contract. In the event that no construction has begun on the building within the Period; which construction resulting from a turnkey construction contract duly entered into between the Buyer and the general contractor designated by the seller OR that the Buyer retains, for any reason whatsoever, the services of a third party to proceed with the construction of the immovable, the Seller shall be entitled to: a) claim the payment of a penalty of fifty thousand dollars ($50, 000), which amount shall be payable by the Buyer to the seller within 10 days of receipt of written notice to that effect. This penalty must be considered as liquidated damages; This Agreement applies to both Buyer and its successors in title. INCLUSIONS -- EXCLUSIONS --