JOINT FILING AGREEMENT
EXHIBIT
12
In accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, the
undersigned agree to the joint filing on behalf of each of them of Amendment No. 2 to Schedule 13D
(including any and all amendments thereto) with respect to the common stock and units of Xxxxx &
Xxxxx Realty Advisors, Inc. and further agree that this Joint Filing Agreement shall be included as
an Exhibit to such joint filing.
The undersigned further agrees that each party hereto is responsible for timely filing of such
Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information
concerning such party contained therein, provided that no party is responsible for the completeness
and accuracy of the information concerning the other party, unless such party knows or has reason
to believe that such information is inaccurate.
This Joint Filing Agreement may be executed in one or more counterparts, each of which shall
be deemed to be an original instrument, but all of such counterparts together shall constitute but
one agreement.
[Signatures on following page]
In evidence thereof the undersigned, being duly authorized, hereby execute this Joint Filing
Agreement this 7th day of July, 2006.
| KOJAIAN HOLDINGS LLC a Michigan limited liability company By: KOJAIAN MANAGEMENT CORPORATION, a Michigan corporation, its sole member |
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| /s/ C. Xxxxxxx Xxxxxxx | ||||
| Name: | C. Xxxxxxx Xxxxxxx | |||
| Title: | Executive Vice President | |||
| KOJAIAN MANAGEMENT CORPORATION, a Michigan corporation, its sole member |
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| /s/ C. Xxxxxxx Xxxxxxx | ||||
| Name: | C. Xxxxxxx Xxxxxxx | |||
| Title: | Executive Vice President | |||
| /s/ C. Xxxxxxx Xxxxxxx | ||||
| C. XXXXXXX XXXXXXX | ||||
