The property transaction should be in progress Date, Time and Place of Closing
The closing of the Proposed Transaction will take place electronically at 8:00 a.m. (Eastern Standard Time) on August 31, 2022, or on such other date and time as is mutually agreed to between the Parties, acting reasonably (the “Closing Date”), subject to the satisfaction or waiver by the Parties of the closing conditions set out in Section 6 below. Notwithstanding the foregoing, Fancamp may, by way of notice in writing to KWG on or before August 31, 2022, elect to extend the Closing Date if required in order to satisfy the closing condition (if any) set out in Section 6(i)(d) below for such period of time (up to a maximum of 150 days from the date of acceptance of this Binding Offer Letter) as may be required by Fancamp, acting reasonably, to satisfy such closing condition, and, upon such election, the Closing Date for purposes of this Binding Term Sheet shall be such extended date.