SELECTED DEALER AGREEMENTSelected Dealer Agreement • December 21st, 2007 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
United Development Funding III, L.P. (the “Partnership”), a Delaware limited partnership of which UMTH Land Development, L.P., a Delaware limited partnership, serves as the general partner (the “General Partner”), is offering for public sale a maximum of 17,500,000 units of limited partnership interest, including 5,000,000 units issuable pursuant to the Partnership’s distribution reinvestment plan (collectively, the “Units”), to be issued and sold for an aggregate purchase price of $350,000,000. There shall be a minimum purchase by any one person of 250 Units (except for purchases through individual retirement accounts or other qualified accounts, as indicated in the Prospectus (defined below), or in any letter or memorandum from the Partnership to you (the “Dealer”)). Terms not defined herein shall have the same meaning as in the Prospectus. In connection therewith, the Partnership invites you to participate in the distribution of Units in the Partnership subject to the following term
