VOLUNTARY PROPERTY
PURCHASE PROGRAM

Introduction

The Program definitions on pages 27 to 30 of the Handbook apply to all sections of the Handbook.

The Program sponsored by Sasol gives you an opportunity to sell your Property and relocate to a Property outside of the Program Area. Participation in the Program is entirely voluntary. The details of the Program are contained in this Handbook.

Easy access to the Program is provided through our Information Center, staffed by CIC and located at the former Mossville Elementary School at 3301 Old Spanish Trail Westlake, LA 70669. CIC staff is available to meet with you privately to go over all the features of the Program and assist you in understanding the potential and applicable Program options available to you.

The Program will be available to you if you, as of July 12, 2013, owned and held good title to residential Property in the Program Area (Property Owner, as defined) or are a tenant occupying a residential Property in the Program Area (Tenant, as defined) and your landlord participates in the Program. The Program Area is described on page 7 and 8 of the Handbook.

Commercial property and places of worship do not form a part of the Program. However, commercial property owners and religious leaders may approach Sasol outside of the Program to request Sasol to consider the purchase of their properties by contacting a CIC representative at the Information Center. Sasol will consider such requests from commercial property owners or religious leaders on a case-by-case basis.

In order to determine if you are eligible for the Program Benefits, you must first register your interest in the Program by completing and submitting:

  1. (i)  an Appraisal Request and Authorization Form, if you are a Property Owner; or

  2. (ii)  a Renters Benefits Request Form, if you are a Tenant of a residential Property.

There is no cost to you in registering your interest in the Program. Sasol will pay for all costs associated with any appraisals performed under the Program. Appraisal Request and Authorization Forms and Renters Benefits Request Forms can be submitted in person to CIC at the Information Center between Monday, August 12, 2013 and Wednesday, December 4, 2013.

Please note, if you are a Tenant as of July 12, 2013, you will only be eligible to receive benefits under the Program if your landlord has entered into a Purchase and Sale Agreement with Sasol, demonstrated that he/she has insurable title, and has confirmed that all matters between you and the landlord have been resolved (lease terminated, rent payments current, etc.).

The Information Center will be open Mondays to Fridays from 9:00 a.m. to 5:00 p.m. and evenings and weekends by appointment. You can contact the Information Center at (337) 310-8200 to schedule an appointment. The support services provided by the Information Center are available at no cost to you and meeting with a CIC representative does not in any way obligate you to sell your Property.

The Program is entirely voluntary. Requesting an appraisal does not commit you to sell your Property. Having an appraisal completed simply allows Sasol to present you with an Offer to purchase your Property. Once you have received an Offer, you can choose whether or not to accept it.

The determination of your eligibility to participate in the Program, and the Program Benefits to which you may be entitled, shall be made by Sasol in its sole and absolute discretion.

Sasol may at any time, at its sole discretion, suspend or terminate the Program or expand, reduce or modify the Program Area, without liability. Of course, Sasol will honor the terms of any signed Purchase and Sale Agreements and outstanding Offers made by Sasol prior to any such change.

Note: You should consider obtaining professional advice from your attorney and financial advisor regarding your participation in the Program.

 

Letter from Sasol  |  Introduction  |  Program Area  |  Property Owner  |  Tenants  |  Description of Program Benefits
Program Definitions  |  Clarification Questions and Answers  |  Appraiser Instructions
Sasol Appraisal Request and Authorization Form  |  Sasol Renters Benefits Request Form  |  FAQs

Sasol appointed Community Interaction Consulting, Inc. to administer the Voluntary Property Purchase Program. This Program is entirely voluntary.