NO BUYERS PREMIUM...Bora Bora Blue Heaven Island Paradise property LAX to Borra = 9.5 hour flight = dipping your toes in the crystal clear water. Own your own Private island! Blue Heaven Island sits approximately one mile north east of Tevairoa. A 5 acre section on the island Motu Paahi. Auction is for lots 5, 6 & 7 comprising of 5 acres. Bidding: Interested parties are required to contact the auction house prior to bidding. Known as the pearl of French Polynesia, Bora Bora is the single most famous island in the world. Yet, when you visit this quiet, uncrowded, unspoiled haven, you will become part of a truly unique experience known only to a very few. Between the deep blue Pacific and the crystal clear Bora Bora Lagoon, sits Blue Heaven Island. This beautiful 5 acre property on a small island motu can accommodates a total of 10-15 people, providing a private haven of relaxation and exclusivity. Surrounded by magnificent waters of infinite depths and color ... you are now steps to heaven. This secret gem has been a 4.5 Star rated destination getaway with quality island bungalows: "our Quaint bungalows are tucked away between Palm trees, lush plant life, and vibrant flora. Every bungalow on the island is just steps away from our private beach. Each quarter is the essence of simple island living. The cozy bungalows are made of indigenous bamboo and equipped with all the amenities, including private bathrooms, large closets, and ceiling fans. Installation run on solar energy (photovoltaïques roofs and solar water-heater) and the water system is feed with a well and rain. Wake up to gentle breezes, the sounds of the seashore, and early risers can walk a few steps and catch the luminous sunrise as it lights up the crystal clear lagoon. Owner Monique La Voie had always dreamed of island living. After traveling to Mexico, Central America, the Caribbean, and other islands around the world, she found her little piece of heaven on beautiful Bora Bora in French Polynesia, and named it Blue Heaven Island. Now you can own this exclusive private island. TERM SHEET TO POTENTIAL BIDDERS FOR BLUEHEAVENISLAND AT AUCTION 24 JUNE, 2011 In order to avoid any unnecessary delays and to avoid a cancellation of purchase/sale agreement, it is mandatory for all bidders to follow the instructions below prior to bidding on the property known as Blueheavenisland. 1. Bidder must be pre-approved by auctioneer/owner. 2. Bidder must show proof of funds, or a capability letter from an approved institution/bank. 3. Bidder must discuss the details of the property with the auctioneer/owner. 4. Bidder must confer with attorney Maitre Gishenue regarding the method title is to be taken. Buyer agrees to use the services of Maitre Gishenue, the attorney handling regional business and real estate matters in French Polynesia. 5. Within 24 hours of auction closing, upon successful bid, buyer will deposit in escrow of Seller’s choosing, non-refundable funds of 10% of the purchase price, which will be applied toward the purchase price. Should buyer fail to close escrow, these funds will be non refundable and will be sent by escrow holder to the seller, less any escrow fees, and other costs and fees to be paid to the auctioneer. The balance of the purchase price, plus closing costs will be sent by buyer to escrow no later than 15 days after successful bid/close of auction. 6. Buyer will execute all documents, including purchase contract and addenda required to complete the sale within 10 days of the close of auction. 7. Buyer agrees to close escrow within 30 days of successful bid. Buyer will be in default if Buyer fails to close escrow within 30 days of successful bid. If Buyer fails to close escrow within 30 days, escrow holder will cancel escrow and send the non-refundable deposit to the seller, less escrow and auction expenses and fees. This non refundable deposit will be considered liquidated damages and Buyer will not be liable to Seller or its agents, auctioneer for any further damages. By bidding on Blueheavenisland, Buyer certifies that Buyer is fully satisfied with all the conditions, disclosures and all issues relating to the purchase, ownership and condition of the land, structures, and terms of ownership as fully available from Maitre Gishinue, the designated attorney to complete the transfer of ownership and title to the Buyer. Registration at the auction finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda, which are incorporated by reference into your bidding. DO NOT BID unless you have registered and received a Bidder's Card and Sale Day Notes and agreed to be bound by the terms of sale in the Purchase Contract as they are final upon you becoming a high bidder. All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. California Auctioneer represents the Seller only and does not inspect properties on bidder's behalf. Do not bid if you have not inspected the property. Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract. Current year's taxes are pro-rated through day of closing as customary. Once declared the high bidder, the Buyer must make a 10% non-refundable deposit in guaranteed funds per property. Guaranteed funds include cash, cashier's checks, personal or business checks (if subsequently verified by your financial institution) or a wire transfer to the Auctioneer’s escrow account. The balance of the purchase price and all closing costs are due within 30 days. Bidding starts at the Opening Bid(s) indicated and is open to the public. The Auctioneer will call the sale and control any increments of bidding. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party. Do not inspect properties and/or attend an auction except at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damages to their person or property while in, on or about these properties, nor shall they be liable for hidden defects, dangers or conditions. All persons shall be on the premises at their own risk and shall defend, indemnify, and save harmless Broker and Seller from any and all liability attendant thereto. All auctions are subject to seller approval. Upon meeting the minimum bid, and Buyer meets all other terms and conditions of the Purchase contract, Seller will approve the sale. Buyers are not allowed possession until filing of the deed. California Auctioneer, its agents or representatives and the Seller and its agents or representatives expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Potential purchasers are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the seller or their agents. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it. 8. Bidder/Buyer shall hold harmless and indemnify auctioneer, California Auctioneers, its agents, all related parties to the auctioneer, the Seller and all parties related to the Seller, its agents, representatives and attorney from all liability relating to this transaction. 9. Bidder/Buyer understands that all information, details, sizes, dimensions, conditions, photographs, images are approximate and are merely representative of the physical property, along with the personal property as presently on the property. 10. Bidder/Buyer is bidding on Blueheavenisland, which is approximately 5 acres of land, with approximately six bungalow structures, with solar panels, water tank, and other personal property incidental to the operation of a resort/bed and breakfast, comprising of lots 5,6 and 7 of Motu Paahi, located on Bora Bora, and is adjacent to and contiguous to lots 1,2,3,4, 8, and 9, which comprise the entire island. Upon request by Buyer, Buyer will be furnished with a list of personal property and structures as presently on Blueheavenisland. Contact information for Maitre Gishinue: Telephone number: 011-689-429-636 Fax Telephone number: 011-689-472-152 Home Telephone number: 011-689-776-070 Cell