PURCHASE AND SALE AGREEMENT No. 510-2.11-0070Purchase and Sale Agreement • November 3rd, 2011 • Forestar Group Inc. • Real estate • Georgia
THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is made as of July 6, 2011 (the “Effective Date”), by and among FORESTAR (USA) REAL ESTATE GROUP INC., a Delaware corporation (“Seller”), PLUM CREEK TIMBERLANDS, L.P., a Delaware limited partnership (“Purchaser”; each of Purchaser and Seller being a “Party” and, collectively, the “Parties”), and FIRST AMERICAN TITLE INSURANCE COMPANY (“Escrow Agent”).
September 30, 2011 KeyBank National Association, as Administrative Agent 1200 Abernathy Road, N.E. — Suite 1550 Atlanta, Georgia 30328 Attn: Nate Weyer Re: Exercise of Extension Option Ladies and Gentlemen:Forestar Group Inc. • November 3rd, 2011 • Real estate
Reference is made to that certain Amended and Restated Revolving and Term Credit Agreement, dated as of August 6, 2010, as amended by that certain First Amendment to Amended and Restated Revolving and Term Credit Agreement dated as of May 6, 2011, and that certain Second Amendment to Amended and Restated Revolving and Term Credit Agreement dated as of September 30, 2011 (as it has been or may be further amended, restated or otherwise modified from time to time, the “Credit Agreement”), among Forestar (USA) Real Estate Group Inc. (“Borrower”), certain guarantors party thereto, certain lenders party thereto and KeyBank National Association, as Agent (“Agent”). Capitalized terms used in this Certificate have the meanings set forth in the Credit Agreement unless specifically defined herein.
