0000950134-08-005531 Sample Contracts

MEMBERSHIP INTEREST PURCHASE AND SALE AGREEMENT (Ballantrae, Reflection Lakes, Monterra at Bonita Springs, Ybor City, Via Lugano and Madison at Park West)
Membership Interest Purchase and Sale Agreement • March 28th, 2008 • Tarragon Corp • Real estate investment trusts • New York

THIS MEMBERSHIP INTEREST PURCHASE AND SALE AGREEMENT (this “Agreement”) is made as of this 28th day of December, 2007 by and between BALLANTRAE MANAGER INC., a Nevada corporation (“BMI”), REFLECTION LAKES MANAGER, INC. a Nevada corporation (“RLM”), MONTERRA TARRAGON, INC., a Nevada corporation (“MTI”), MADISON TARRAGON MANAGER, INC., a Nevada corporation (“MTM”), TARRAGON SOUTH DEVELOPMENT CORPORATION, a Nevada corporation (“TSD”), and TARRAGON CORPORATION, a Nevada corporation (“Tarragon”; Tarragon, together with BMI, RLM, MTI, MTM and TSD shall collectively be referred to herein as “Seller”) whose address is 423 West 55th Street, 12th Floor, New York, New York 10019, and NORTHLAND FUND II, L.P., a Delaware limited partnership (“Purchaser”) whose address is 2150 Washington Street, Newton, MA 02462.

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PURCHASE AND SALE AGREEMENT (Deerwood Village; Villa Tuscany; Midway Mills; and Vista Grande)
Purchase and Sale Agreement • March 28th, 2008 • Tarragon Corp • Real estate investment trusts • Florida

THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is made as of this 7th day of November, 2007 by and among: TAMPA PALMS TARRAGON, LLC (“Tampa Palms”), a Florida limited liability company; OCALA TARRAGON, LLC (“Ocala”), a Florida limited liability company; LAKE SHERWOOD PARTNERS, LLC (“Lake Sherwood”), a Florida limited liability company; and MIDWAY MILLS PARTNERS, L.P., a Texas limited partnership (“Midway”: together with Tampa Palms, Ocala and Lake Sherwood, collectively, “Seller”) whose address is 423 West 55th Street, 12th Floor, New York, New York 10019, and BREOF INVESTORS LLC, a Delaware limited liability company (together with its permitted successors, assigns or designees, the “Purchaser”) whose address is Three World Financial Center, 200 Vesey Street, 11th Floor, New York, NY 10281-1021.

SETTLEMENT AGREEMENT
Settlement Agreement • March 28th, 2008 • Tarragon Corp • Real estate investment trusts • Pennsylvania

This Settlement Agreement (the “Agreement”) is entered into as of January 24, 2008, by and among Tarragon Corporation, having an address of 423 West 55th St., 12th Floor, New York, NY 10019 (“Tarragon” or, the “Company”) and PNC Equity Securities, LLC having an address of One PNC Plaza, 249 Fifth Avenue, Pittsburgh, Pennsylvania 15222-2707 (“PNC”).

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