PURCHASE AGREEMENTPurchase Agreement • June 4th, 2003 • Horizon Group Properties Inc • Real estate investment trusts • Delaware
THIS PURCHASE AGREEMENT (this “Agreement”) is entered into effective as of May 31, 2003 by and among Horizon Group Properties, Inc., a Maryland corporation (“Parent”); Daleville, Somerset, Tulare Finance Company, Inc., a Delaware corporation (“Horizon GP”); Horizon Group Properties, L.P., a Delaware limited partnership (“Horizon LP”); Pleasant Lake Apts. Corp., an Ohio corporation (“Pleasant Lake GP”); Pleasant Lake Apts. Limited Partnership, an Ohio limited partnership (“Pleasant Lake LP”); Richard Bongorno (“Bongorno”); Gary Skoien (“Skoien”); and David Zlatin (“Zlatin”) (Bongorno, Skoien and Zlatin are hereinafter collectively, the “Other LPs”). Parent, Horizon GP, Horizon LP, Pleasant Lake GP Pleasant Lake LP and the Other LPs are herein referred to individually as the “Party” and collectively as the “Parties.”
