aser under the PSA in the event of a breach of the PSA by Sellers. SUMMARY DISCUSSION OF CONTRACT PROVISIONS: 1. RECITALS a. Section A: Sellers (CK & GSJ Corp) own the property as described in Exhibit A — which includes: • Parcels A, B-1, B-2, C-1 and C-2 Great St. James Island, No. 6-A Red Hook Quarter