First Amendment To Purchase and Sale Agreement And Joint Escrow Instructions (FATCO Escrow No. NCS-400123-PHX)Purchase and Sale Agreement • August 5th, 2009 • Shopoff Properties Trust, Inc. • Real estate investment trusts • Arizona
This First Amendment to Purchase and Sale Agreement and Joint Escrow Instructions (this “Amendment”), is dated as of July 28, 2009 is by and between AZPRO DEVELOPMENTS, INC., an Arizona corporation (“Seller”), and SPT AZ LAND HOLDINGS, LLC, a Delaware limited liability company, as successor-in-interest to Shopoff Advisors, L.P., a Delaware limited partnership (“Buyer”), and constitutes an amendment to that certain Purchase and Sale Agreement and Joint Escrow Instructions dated June 29, 2009 entered into by and between the parties (the “Agreement”). Capitalized terms used herein shall have the meanings given them in the Agreement, unless otherwise defined herein.
Purchase and Sale Agreement And Joint Escrow InstructionsPurchase and Sale Agreement • August 5th, 2009 • Shopoff Properties Trust, Inc. • Real estate investment trusts • Arizona
This Purchase and Sale Agreement and Joint Escrow Instructions (this “Agreement”), dated as of June 29, 2009 (the “Effective Date”), is by and between AZPRO DEVELOPMENTS, INC., an Arizona corporation (“Seller”), and SHOPOFF ADVISORS, L.P., a Delaware limited partnership (“Buyer”), and constitutes an agreement for the purchase and sale of real property and joint escrow instructions directed to First American Title Insurance Company (as “Escrow Holder”) to establish an escrow (the “Escrow”) to accommodate the transaction contemplated hereby.
