REAL ESTATE PURCHASE AND SALE AGREEMENT No. 510-2.05-0310 (WITHOUT EARNEST MONEY PROVISION) Escanaba Michigan TimberlandsReal Estate Purchase and Sale Agreement • October 5th, 2005 • Plum Creek Timber Co Inc • Real estate investment trusts • Michigan
THIS REAL ESTATE PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and entered into this 30th day of September, 2005 by and between ESCANABA TIMBER LLC, a Delaware limited liability company whose principal business address is Courthouse Plaza N.E., Dayton, Ohio 45463 (“Seller”), and PLUM CREEK TIMBERLANDS, L.P., a Delaware limited partnership whose address is 999 Third Avenue, Suite 4300, Seattle, Washington 98104 (“Purchaser”). The parties agree to the following terms and conditions: 1. Timberlands and Other Property to be Acquired. 1.1. Description of Assets. In consideration of the mutual covenants set forth in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, and subject to all terms of this Agreement, Seller agrees to sell and convey to the Purchaser and the Purchaser agrees to purchase from the Seller and take title to the following: (a) Real Property. That certain real property situated in Alger, Baraga, Chippe
