PARTICIPATION AGREEMENT BY AND AMONG UNITED DEVELOPMENT FUNDING, L.P., UNITED DEVELOPMENT FUNDING II, L.P., UNITED DEVELOPMENT FUNDING III, L.P. AND UMTH LAND DEVELOPMENT, L.P.Participation Agreement • November 18th, 2005 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Participation Agreement (the “Agreement”) is executed this day of , 2005, by and among United Development Funding, L.P., a Nevada limited partnership, (“UDF I”), United Development Funding II, L.P., a Nevada limited partnership (“UDF II”), United Development Funding III, L.P., a Delaware limited partnership (“UDF III”), and UMTH Land Development, L.P., a Delaware limited partnership (“UMTH”).
