AGREEMENT OF PURCHASE AND SALE BETWEEN R.B.R.&S.T. LIMITED PARTNERSHIP, a North Carolina limited partnership as Seller AND DEVELOPMENT OPTIONS, INC., a Wyoming corporation as Purchaser dated November 12, 1997Purchase and Sale Agreement • January 16th, 1998 • CBL & Associates Properties Inc • Real estate investment trusts • North Carolina
AGREEMENT OF PURCHASE AND SALE THIS AGREEMENT OF PURCHASE AND SALE (this "Agreement") is made and entered into by and between R.B.R.&S.T. LIMITED PARTNERSHIP, a North Carolina limited partnership, ("Seller"), and DEVELOPMENT OPTIONS, INC., a Wyoming Corporation ("Purchaser"), as of the "Effective Date" (as hereinafter defined). W I T N E S S E T H: For and in consideration of the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, do hereby agree as follows: Article 1. Property Seller hereby agrees to sell, and Purchaser hereby agrees to purchase, all of the following property: (a) an approximately 26.18 acre parcel or tract of real property (the "Main Parcel") together with all and singular easements, covenants, agreements, rights, privileges, tenements, hereditaments and appurtenances thereunto now or hereafter belonging or appertaining, together
