other material
confidence high
sentiment neutral
materiality 0.55
TAP Real Estate obtains 60-day option to buy Zermatt Resort for $250K
TAP REAL ESTATE TECHNOLOGIES, INC.
- Agreement with Wasatch Springs for exclusive option to purchase Zermatt Resort in Midway, UT.
- $250,000 non-refundable option fee; credited toward purchase price if exercised.
- During 60-day period, TAP assumes operational control and conducts due diligence.
- Purchase price to be appraised value less assumed debt, or as mutually agreed.
- Exercise depends on due diligence, creditor restructuring, and capital raising.