PURCHASE AND EXCHANGE AGREEMENTPurchase and Exchange Agreement • May 14th, 2009 • Silverleaf Resorts Inc • Real estate agents & managers (for others)
This Purchase and Exchange Agreement (“Agreement”) is made and entered into to be effective as of this 14th day of May, 2009, by and between Grace Brothers, Ltd., an Illinois limited partnership (“Holder”), Bigstar International, LLC, an Illinois limited liability company (“Seller”), and Silverleaf Resorts, Inc., a Delaware corporation (“Company”). Unless otherwise defined herein, all capitalized terms used herein shall have the meanings assigned to such terms in the Indenture (as defined).
