0000798359-09-000013 Sample Contracts

INVESTORS REAL ESTATE TRUST Baird On Demand Offering Sales Agreement
Sales Agreement • April 7th, 2009 • Investors Real Estate Trust • Real estate investment trusts • New York

Investors Real Estate Trust, a North Dakota real estate investment trust (the “Company”) and IRET Properties, a North Dakota limited partnership (the “Operating Partnership”), confirm their agreement (this “Agreement”) with Robert W. Baird & Co. Incorporated (“Baird”), as follows:

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