Purchase and Sale Agreement And Joint Escrow Instructions (TSG — LITTLE VALLEY)Purchase and Sale Agreement and Joint Escrow Instructions • November 14th, 2008 • Shopoff Properties Trust, Inc. • Real estate investment trusts • California
THIS PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (this “Agreement”), dated as of September 30, 2008 (the “Effective Date”), is by and between TSG LITTLE VALLEY, LP, a California limited partnership (“Seller”), and SHOPOFF ADVISORS, L.P., a Delaware limited partnership, or its assigns (“Buyer”), and constitutes an agreement for the purchase and sale of real property and personal property. This Agreement contains 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.
