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Buyer's option |
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The building can be delivered vacant at the buyer's option. Life's remaining 20 store locations can be added to the sale at the Buyer's option, or will be closed by Angelica on or before closing the sale. Of the 1,500,000 Series B Shares to be purchased, 900,000 would be purchased at closing and up to an additional 600,000 would be purchased, at the Buyer's option, during a six month period following the closing. |
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