Lululemon 2010 Annual Report Download - page 109

Download and view the complete annual report

Please find page 109 of the 2010 Lululemon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 137

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137

- 12 -
geotechnical and environmental reports) which do not pertain to the physical condition (excluding the environmental
condition) of the Equipment and the improvements on the Lands, as contemplated above;
(v) to the extent they are in the Vendor’s possession or control, true and complete copies of any documents indicating
whether:
A. the building on the Lands encroaches onto adjacent land or any buildings on adjacent land encroach onto the
Lands;
B. the Lands provide adequate support for adjacent land, receive adequate support from adjacent land, or are
unstable; and
C.
the Lands suffer from or cause drainage, erosion or flooding problems;
(vi) to the extent they are in the Vendor’s possession or control, the originals or true and complete copies of all agreements
and correspondence with the City regarding development levies, if any, or local improvement charges, if any, payable
after the Completion Date, servicing agreements, zoning, building restrictions, development permits and building
permits related to the development of the Lands;
(vii)
a reasonably detailed inventory of the Equipment;
(viii) original or true and complete copies of the Service Contracts and a summary of the state of accounts with respect to the
Service Contracts as at the Effective Date;
(ix)
a list of all warranties in favour of the Vendor currently in effect with respect to the Lands and the Equipment;
(x) property level operating statements with respect to the Lands for 2008, 2009 and 2010 to date and a written statement of
all budgeted expenses for 2011;
(xi)
current property tax statements for the Lands and particulars of any current property tax appeals;
(xii) to the extent they are in the Vendor’s possession or control, any other document or information which is within the
scope of disclosure described in paragraphs 4.1(b)(i) to (xi) and is requested in writing from time to time by the
Purchaser, acting reasonably, and which is relevant or material to the operation and ownership of the Purchased
Property; and
(xiii) all material information in the possession or control of the Vendor with respect to any and all First Nation or aboriginal
claims or issues associated with the Lands;
(c) deliver to the Purchaser the original or a true and complete copy of any other document of the type described above in
subsection 4.1(b) which, after the Effective Date, comes within the possession of the Vendor, such delivery to be made within
three (3) Business Days following such date of possession;