Common use of REPRESENTATIONS AND WARRANTIES OF SELLER AND Clause in Contracts

REPRESENTATIONS AND WARRANTIES OF SELLER AND. COM21 ISRAEL 2 2.1 Organization, Standing and Power 2 2.2 Authority 3 2.3 Broker's and Finder's Fees 3 2.4 Representations and Warranties Complete 3 ARTICLE III REPRESENTATIONS AND WARRANTIES OF NASAN 4 3.1 Organization, Standing and Power 4 3.2 Authority 4 3.3 Broker's and Finder's Fees 4 3.4 Additional Funding and Sale of Equity Securities of Com21 Israel 4 3.5 Additional Advances Beyond Payment of April 1, 2001 Through April 15, 2001 Expenses 5 3.6 Representations and Warranties Complete 5 ARTICLE IV ADDITIONAL AGREEMENTS 5 4.1 Access to Information 5 4.2 Confidentiality 6 4.3 Public Disclosure 6 4.4 Consents; Cooperation 6 4.5 Legal Requirements 6 4.6 Proprietary Information 6 4.7 Covenants Regarding Employees and Covenant Not to Interfere, Compete or Solicit Business 7 4.8 Use of Names 9 4.9 Additional Agreements 9 4.10 Payment of Royalties to Office of Chief Scientist 10 4.11 Procurement Agreement 10 4.12 Training 10 4.13 Access to Certification Test Laboratory 10 4.14 Trademark Rights 10 4.15 Additional Advances Beyond Payment of April 1, 2001 Through April 15, 2001 Expenses 10 4.16 Additional Promissory Notes 10 ARTICLE V CONDITIONS 11 5.1 Conditions to Obligations of Each Party to Effect the Closing 11 5.2 Additional Conditions to Obligations of Seller 11 5.3 Additional Conditions to Obligations of Nasan 12 ARTICLE VI INDEMNIFICATION 12 6.1 Survival of Representations and Warranties 12 6.2 Indemnification 13

REPRESENTATIONS AND WARRANTIES OF SELLER AND. COM21 ISRAEL 2 2.1 Organization, Standing and Power 2 2.2 Authority 3 2.3 Broker's and Finder's Fees 3 2.4 PURCHASER 35 6.1 Seller’s Representations 35 6.2 AS-IS 37 6.3 Survival of Seller’s Representations 39 6.4 Definition of Seller’s Knowledge 39 6.5 Representations and Warranties Complete 3 of Purchaser 39 ARTICLE III REPRESENTATIONS AND WARRANTIES VII OPERATION OF NASAN 4 3.1 Organization, Standing THE PROPERTY 42 7.1 Leases and Power 4 3.2 Authority 4 3.3 Broker's Property Contracts 42 7.2 General Operation of Property 42 7.3 Liens and Finder's Fees 4 3.4 Additional Funding and Sale of Equity Securities of Com21 Israel 4 3.5 Additional Advances Beyond Payment of April 1, 2001 Through April 15, 2001 Expenses 5 3.6 Representations and Warranties Complete 5 Title Defects 42 7.4 Tax Appeals 43 7.5 Westway Village Repair Work 44 ARTICLE IV ADDITIONAL AGREEMENTS 5 4.1 Access to Information 5 4.2 Confidentiality 6 4.3 Public Disclosure 6 4.4 Consents; Cooperation 6 4.5 Legal Requirements 6 4.6 Proprietary Information 6 4.7 Covenants Regarding Employees and Covenant Not to Interfere, Compete or Solicit Business 7 4.8 Use of Names 9 4.9 Additional Agreements 9 4.10 Payment of Royalties to Office of Chief Scientist 10 4.11 Procurement Agreement 10 4.12 Training 10 4.13 Access to Certification Test Laboratory 10 4.14 Trademark Rights 10 4.15 Additional Advances Beyond Payment of April 1, 2001 Through April 15, 2001 Expenses 10 4.16 Additional Promissory Notes 10 ARTICLE V VIII CONDITIONS 11 5.1 PRECEDENT TO CLOSING 45 8.1 Purchaser’s Conditions to Obligations of Each Party to Effect the Closing 11 5.2 Additional 45 8.2 Seller’s Conditions to Closing 46 ARTICLE IX BROKERAGE 47 9.1 Indemnity 47 9.2 Broker Commission 48 9.3 Texas Real Estate License Act 48 ARTICLE X DEFAULTS AND REMEDIES 48 10.1 Purchaser Default 48 10.2 Seller Default 49 ARTICLE XI RISK OF LOSS OR CASUALTY 50 11.1 Major Damage 50 11.2 Minor Damage 50 11.3 Closing 51 11.4 Repairs 51 ARTICLE XII EMINENT DOMAIN 51 12.1 Eminent Domain 51 ARTICLE XIII MISCELLANEOUS 52 13.1 Binding Effect of Contract 52 13.2 Exhibits and Schedules 52 13.3 Assignability 52 13.4 Captions 52 13.5 Number and Gender of Words 52 13.6 Notices 52 13.7 Governing Law and Venue 55 13.8 Entire Agreement 55 13.9 Amendments 55 13.10 Severability 55 13.11 Multiple Counterparts/Facsimile Signatures 55 13.12 Construction 56 13.13 Confidentiality 56 13.14 Time of the Essence 56 13.15 Waiver 56 13.16 Attorneys’ Fees 56 13.17 Time Zone/Time Periods 57 13.18 1031 Exchange 57 13.19 No Personal Liability of Officers, Trustees or Directors of Seller’s Partners 57 13.20 No Exclusive Negotiations 57 13.21 ADA Disclosure 58 13.22 No Recording 58 13.23 Relationship of Parties 58 13.24 Dispute Resolution 58 13.25 AIMCO Marks 59 13.26 Non-Solicitation of Employees 59 13.27 Survival 59 13.28 Multiple Purchasers 59 13.29 Sellers’ Several Obligations 59 13.30 Obligation to Close on all Properties 60 13.31 Texas Statutory Utility District Notice for the Xxxxx of Seller 11 5.3 Additional Conditions to Obligations of Nasan 12 ARTICLE VI INDEMNIFICATION 12 6.1 Survival of Representations and Warranties 12 6.2 Indemnification 1360 Inverness Property 60

REPRESENTATIONS AND WARRANTIES OF SELLER AND. COM21 ISRAEL 2 2.1 OrganizationSHAREHOLDERS 7 3.1 Organization and Qualification Of Seller 7 3.2 Authorized Capitalization 7 3.3 Authorization 8 3.4 Product Rights 8 3.5 Bulk Sale Law 8 3.6 No Conflicting Agreements 9 3.7 Compliance with Applicable Law 9 3.8 Material Misstatements or Omissions 9 3.9 No Known Adverse Effects 9 3.10 Consents and Approvals 10 3.11 Subsidiaries 10 3.12 Litigation 10 3.13 Brokers 10 3.14 Taxes 10 3.15 Ownership 11 3.16 Accounts 11 3.17 License Agreements 12 3.18 Intellectual Property 12 3.19 Customers 12 3.20 Contracts 12 3.21 Financial Statements 13 3.22 Absence of Undisclosed or Contingent Liabilities 13 3.23 No Material Adverse Changes 13 3.24 Absence of Developments 14 3.25 Title to Properties 14 3.26 Tax Matters 15 3.27 Tax Notices 16 3.28 Employees 17 3.29 Employee Benefit Plans 17 3.30 Gifts 19 3.31 Employee Health and Safety 19 3.32 Representations as to Knowledge 19 3.33 Representations Concerning Solvency 19 ARTICLE IV 20 PRE-CLOSING COVENANTS OF SELLER 20 4.1 Inspection of Properties and Books 20 4.2 Other Contracts 21 4.3 Ongoing Operation 21 4.4 Indebtedness 21 4.5 Records 22 4.6 Articles of Incorporation; Bylaws 22 4.7 Distributions or Dividends 22 4.8 Notice of Breach 22 4.9 Nondisclosure 22 4.10 Employment Matters 22 4.11 Insurance 23 4.12 Preservation of Business 23 4.13 Regulatory Filings 24 4.14 No Negotiations 24 4.15 Assignment of Contracts, Standing Leases and Power 2 2.2 Authority 3 2.3 Broker's and Finder's Fees 3 2.4 Representations and Warranties Complete 3 Other Agreements 25 4.16 Best Efforts 25 4.17 Additional Disclosure 25 ARTICLE III V 25 POST-CLOSING COVENANTS 25 5.1 Further Assurances 26 5.2 Litigation Support 26 ARTICLE VI 26 REPRESENTATIONS AND WARRANTIES OF NASAN 4 3.1 Organization, Standing PURCHASER 26 6.1 Organization and Power 4 3.2 Authority 4 3.3 Broker's Qualification of Purchaser 27 6.2 Authorization 27 6.3 No Conflicting Agreements 27 6.4 Compliance with Applicable Law 27 6.5 Litigation 27 6.6 Material Misstatements or Omissions 28 6.7 Consents and Finder's Fees 4 3.4 Approvals 28 6.8 Brokers 28 6.9 Representations as to Knowledge 28 ARTICLE VII 29 COVENANTS OF PURCHASER 29 7.1 Other Contracts 29 7.2 Additional Funding Disclosure 29 7.3 Notice of Breach 29 7.4 Nondisclosure 29 7.5 Best Efforts 29 7.6 Regulatory Filings 30 7.7 Employment Agreements 30 7.8 Non-Compete and Sale of Equity Securities of Com21 Israel 4 3.5 Additional Advances Beyond Payment of April 1, 2001 Through April 15, 2001 Expenses 5 3.6 Representations and Warranties Complete 5 Confidentiality Agreements 30 ARTICLE IV ADDITIONAL AGREEMENTS 5 4.1 Access to Information 5 4.2 Confidentiality 6 4.3 Public Disclosure 6 4.4 Consents; Cooperation 6 4.5 Legal Requirements 6 4.6 Proprietary Information 6 4.7 Covenants Regarding Employees and Covenant Not to Interfere, Compete or Solicit Business 7 4.8 Use of Names 9 4.9 Additional Agreements 9 4.10 Payment of Royalties to Office of Chief Scientist 10 4.11 Procurement Agreement 10 4.12 Training 10 4.13 Access to Certification Test Laboratory 10 4.14 Trademark Rights 10 4.15 Additional Advances Beyond Payment of April 1, 2001 Through April 15, 2001 Expenses 10 4.16 Additional Promissory Notes 10 ARTICLE V VIII 31 CONDITIONS 11 5.1 PRECEDENT TO CLOSING 31 8.1 Conditions to Obligations of Each Party to Effect the Closing 11 5.2 Additional Conditions Precedent to Obligations of Seller 11 5.3 Additional 31 8.2 Conditions Precedent to Obligations of Nasan 12 Purchaser 34 ARTICLE VI IX 39 SURVIVAL OF REPRESENTATIONS AND WARRANTIES 39 ARTICLE X 40 INDEMNIFICATION 12 6.1 Survival 40 10.1 Indemnification 40 10.2 Limitation of Representations Liability 41 10.3 Method of Asserting Claims 41 10.4 Payment of Claim 43 10.5 Other Rights and Warranties 12 6.2 Indemnification 13Remedies Not Affected 43 10.6 Post-Closing Adjustments and Right of Offset 43 ARTICLE XI 44 AMENDMENT, TERMINATION AND BREACH 44 11.1 Amendment and Modification 44 11.2 Termination and Abandonment 44

REPRESENTATIONS AND WARRANTIES OF SELLER AND. COM21 ISRAEL 2 2.1 Organization, Standing and Power 2 2.2 Authority 3 2.3 Broker's and Finder's Fees 3 2.4 PURCHASER 13 6.1 Seller’s Representations 13 6.2 AS-IS 14 6.3 Survival of Seller’s Representations 14 6.4 Definition of Seller’s Knowledge 15 6.5 Representations and Warranties Complete 3 of Purchaser 15 ARTICLE III REPRESENTATIONS AND WARRANTIES VII OPERATION OF NASAN 4 3.1 Organization, Standing THE PROPERTY 16 7.1 Leases and Power 4 3.2 Authority 4 3.3 Broker's and Finder's Fees 4 3.4 Additional Funding and Sale Property Contracts 16 7.2 General Operation of Equity Securities of Com21 Israel 4 3.5 Additional Advances Beyond Payment of April 1, 2001 Through April 15, 2001 Expenses 5 3.6 Representations and Warranties Complete 5 Property 16 7.3 Liens 17 7.4 Rent-Ready Condition 17 ARTICLE IV ADDITIONAL AGREEMENTS 5 4.1 Access to Information 5 4.2 Confidentiality 6 4.3 Public Disclosure 6 4.4 Consents; Cooperation 6 4.5 Legal Requirements 6 4.6 Proprietary Information 6 4.7 Covenants Regarding Employees and Covenant Not to Interfere, Compete or Solicit Business 7 4.8 Use of Names 9 4.9 Additional Agreements 9 4.10 Payment of Royalties to Office of Chief Scientist 10 4.11 Procurement Agreement 10 4.12 Training 10 4.13 Access to Certification Test Laboratory 10 4.14 Trademark Rights 10 4.15 Additional Advances Beyond Payment of April 1, 2001 Through April 15, 2001 Expenses 10 4.16 Additional Promissory Notes 10 ARTICLE V VIII CONDITIONS 11 5.1 PRECEDENT TO CLOSING 17 8.1 Purchaser’s Conditions to Obligations of Each Party to Effect the Closing 11 5.2 Additional 17 8.2 Seller’s Conditions to Obligations Closing 18 ARTICLE IX BROKERAGE 18 9.1 Indemnity 18 9.2 Broker Commission 18 ARTICLE X DEFAULTS AND REMEDIES 19 10.1 Purchaser Default 19 10.2 Seller Default 19 ARTICLE XI RISK OF LOSS OR CASUALTY 20 11.1 Major Damage 20 11.2 Minor Damage 20 11.3 Closing 21 11.4 Repairs 21 ARTICLE XII EMINENT DOMAIN 21 12.1 Eminent Domain 21 ARTICLE XIII MISCELLANEOUS 21 13.1 Binding Effect of Seller 11 5.3 Additional Conditions to Obligations Contract 21 13.2 Exhibits and Schedules 22 13.3 Assignability 22 13.4 Captions 22 13.5 Number and Gender of Nasan 12 Words 22 13.6 Notices 22 13.7 Governing Law and Venue 25 13.8 Entire Agreement 25 13.9 Amendments 25 13.10 Severability 25 13.11 Multiple Counterparts/Facsmile Signatures 25 13.12 Construction 25 13.13 Confidentiality 25 13.14 Time of the Essence 26 13.15 Waiver 26 13.16 Attorneys’ Fees 26 13.17 Time Zone/Time Periods 26 13.18 1031 Exchange 26 13.19 No Personal Liability of Officers, Trustees or Directors of Seller’s Partners 27 13.20 No Exclusive Negotiations 27 13.21 ADA Disclosure 27 13.22 No Recording 27 13.23 Relationship of Parties 27 13.24 Dispute Resolution 27 13.25 AIMCO Marks 28 13.26 Non-Solicitation of Employees 28 13.27 Survival 28 13.28 Multiple Purchasers 28 13.29 Radon Gas 29 13.30 Energy Efficiency 29 ARTICLE VI INDEMNIFICATION 12 6.1 Survival XIV LEAD-BASED PAINT DISCLOSURE 29 14.1 Disclosure 29 14.2 Consent Agreement 29 PURCHASE AND SALE CONTRACT THIS PURCHASE AND SALE CONTRACT (this "Contract") is entered into as of Representations the 14th day of November, 2008 (the "Effective Date"), by and Warranties 12 6.2 Indemnification 13between CCIP Society Park East, L.L.C., a Delaware limited liability company, having an address at 0000 Xxxxx Xxxxxx Xxxxxx Xxxxxxx, Xxxxx 0000, Xxxxxx, Xxxxxxxx 00000 ("Seller"), and Paramount Companies of Florida, LLC, a Florida limited liability company, having a principal address at c/o CFH Group LLC, 0000 Xxxx Xxxx, 0xx Xxxxx, Xxxxx Xxxxxx, Xxxxxxx 00000 ("Purchaser").