THIS AGREEMENT CONTAINS AN ARBITRATION PROVISION PURSUANT TO THE SOUTH CAROLINA UNIFORM ARBITRATION ACTPurchase and Sale Agreement • October 1st, 2008 • Golf Trust of America Inc • Real estate investment trusts • South Carolina
THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is made to be effective as of the 26th day of September, 2008 (the “Effective Date”) by and among WCWW COMMITTEE, LLC, a South Carolina limited liability company, (the “Purchaser”), the address of which is c/o William A. McDougall, 100 Cricket Hill Road, Columbia, South Carolina 29223; and GOLF TRUST OF AMERICA, L.P., a Delaware limited partnership (“GTA”) on behalf of itself and its wholly owned subsidiary GTA STONEHENGE, LLC, a South Carolina limited liability company (“Stonehenge”), the address of which is 10 North Adger’s Wharf, Charleston, South Carolina, 29401-2519 (collectively, the “Seller”).
