AGREEMENT:
For and in consideration of the above
Option Fee, Provider hereby offers Customer an Option To Purchase IndySURGERY.com for
$16,000.00. This Option To Purchase is only valid
for actively leased domain names under the following terms and conditions:
CONDITIONS:
This Option To Purchase IndySURGERY.com is only available:
(1) If said Option Fee is paid in full with the original acquisition of
IndySURGERY.com.
or
(2) If Provider offers Customer in writing an opportunity to acquire an
Option To Purchase at a later date. Any offer to acquire an Option To Purchase
for IndySURGERY.com shall expire 30 days from the date of offering unless otherwise
specified.
If Customer does not purchase an Option To Purchase
IndySURGERY.com from Provider; then Provider options shall
include but not be limited to any the following:
(1) The right not to sell IndySURGERY.com, at any price, to Customer.
(2) The right to make an appraisal of the current and/or future value of
the IndySURGERY.com website and set a sales price for the
domain name IndySURGERY.com at any amount desired without
regard to appraisal or valuation. The Option Purchase Price shall not be
available to Purchaser.
TERM:
This Option To Purchase shall expire,
terminate and become null and void if any of the following occur:
(1) Purchaser fails to renew the lease term of IndySURGERY.com and permits the lease
to expire.
(2) Purchaser fails to renew any renewal or extended lease term of IndySURGERY.com and permits
the lease to expire.
(3) Purchaser notifies Provider in writing that he does not intend to renew
his Option To Purchase IndySURGERY.com. In this case the Option To Purchase shall
expire upon the end of the current term of payment.
EXCLUSIVE RIGHT TO RENEW:
Prior to the expiration
of the Option To Purchase term or the expiration of any renewal term,
Customer shall have the exclusive right to renew the Option To Purchase
IndySURGERY.com.
Option Fee & Option Purchase Price Guarantee:
Purchaser is guaranteed to renew his Option To Purchase at the same low price
with a small adjustment for inflation.
(1) Upon any renewal term, Provider, at Provider's option, shall have the
right to increase the Option Fee based on the CPI* from the original date of service.
(2) If Customer exercises his Option To Purchase at any time after the
original purchase term, then Provider, at Provider's option, shall have the
right to increase the Option Purchase Price based on the CPI* from the
original date of service to the date of purchase.
DEFINITIONS:
Option Purchase Price: The Option Purchase Price
is the price that our Customer may purchase the ownership of IndySURGERY.com.
This amount ($16,000.00) shall be paid in United States Dollars.
The Option Purchase Price is subject to a small CPI* adjustment for inflation any time
after the original purchase term.
Option Fee: The Option Fee
(Annual) or Option Fee (Monthly) is
non-refundable. The amount paid does not reduce the Option Purchase Price if
the Option To Purchase is exercised. The Option Fee serves as consideration to
Provider for maintaining the Option Purchase Price at a pre-determined amount
without regard to any future profit or value of the IndySURGERY.com website.
Option Fee (Annual): This is the fee required each
year to maintain the Option To Purchase IndySURGERY.com.
This $200.00 fee is in addition to the
annual rent of $800.00. The fee is due up front for multiple
year purchases and is not subject to any multi-year discount, which may be offered on domain
rental. The Option Fee (Annual) is subject to a small CPI* adjustment upon
renewal of the Option To Purchase.
Option Fee (Monthly): This is the fee required
each month to maintain the Option To Purchase for IndySURGERY.com.
This $20.00 fee is in addition to the monthly
rent of $79.95. This fee is due up front for multiple
month purchases and is not subject to any multi-month discount, which may be offered on domain rental.
The Option Fee (Monthly) is subject to a small CPI* adjustment upon renewal of the Option To Purchase.
*CPI: The Consumer Price Indexes (CPI)
program produces monthly data on changes in the prices paid by urban consumers
for a representative basket of goods and services. The U.S. Department of
Labor, Bureau of Labor Statistics publishes the CPI index.
More information on Consumer Price Indexes (CPI) visit the U.S. Government
http://www.bls.gov/cpi
Consumer Price Index Calculator
Payment in full by Customer and acceptance of payment in full by Provider
serves as acknowledgement that both parties have read, fully understand, and
approve this Option To Purchase Addendum for IndySURGERY.com
