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OFFER TO PURCHASE FOR CASH BY SEABOARD CORPORATION SHARES OF ITS COMMON STOCK FOR AN AGGREGATE PURCHASE PRICE OF NOT MORE THAN $100 MILLION AT A PER-SHARE PURCHASE PRICE NOT LESS THAN $2,500 PER SHARE

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How to fill out offer to purchase for

How to Fill Out an Offer to Purchase Form:

01

Gather all relevant information: Before starting to fill out the offer to purchase form, make sure you have all the necessary information at hand. This includes the property address, purchase price, any contingencies or conditions you want to include, and the desired closing date.

02

Identify the parties involved: Clearly state the names and contact information of both the buyer and the seller. Include legal names and complete addresses to ensure accuracy.

03

Describe the property: Provide detailed information about the property being purchased. Include the address, legal description, and any additional details such as lot size or square footage. This helps avoid any confusion about the property in question.

04

Specify the purchase price: Clearly state the agreed-upon purchase price for the property. This should be written both numerically and in words to prevent any misunderstandings. If there are any additional items included in the purchase (e.g., appliances or furniture), mention these as well.

05

Outline financing terms: If the purchase is dependent on financing, indicate the type of loan (conventional, FHA, VA, etc.) and the terms agreed upon. Include the down payment amount, loan amount, interest rate, and any other relevant financing details.

06

Include contingencies and conditions: Specify any contingencies or conditions that need to be met to proceed with the purchase. Common examples include a satisfactory home inspection, appraisal, or obtaining financing. Make sure to specify deadlines for each contingency, ensuring all parties are aware of the timeframe.

07

Choose a closing date: Determine the desired closing date for the transaction. This is the date when the property legally transfers from the seller to the buyer. Make sure to consider any necessary time for loan processing, inspections, or other contingencies.

08

Sign and date the document: Once you have completed all the necessary information, sign and date the offer to purchase form. Check if any witnesses or notaries are required in your jurisdiction and, if so, ensure they are present or their signature is obtained.

Who Needs an Offer to Purchase:

01

Homebuyers: Individuals or families looking to purchase a property need an offer to purchase form. This document serves as a formal offer to the seller, outlining the terms and conditions upon which the buyer is willing to proceed with the transaction.

02

Real estate investors: Investors interested in acquiring properties as part of their investment strategy also require an offer to purchase form. This document allows them to make offers on properties and negotiate terms with sellers.

03

Sellers: Although sellers don't need the offer to purchase form themselves, they receive it from potential buyers. This document allows sellers to review and consider the terms presented to them and make an informed decision on accepting, rejecting, or countering the offer.

Overall, the offer to purchase form is essential for anyone involved in a real estate transaction, serving as a formal offer and laying out the terms and conditions for buying or selling a property.

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