PURCHASE AGREEMENTPurchase Agreement • May 16th, 2005 • Rancon Income Fund I • Real estate • California
THIS PURCHASE AGREEMENT (“Agreement”) is dated as of the Effective Date (as defined in Addendum I hereto) by and between Rancon Income Fund I, a California limited partnership (“Seller”) and Michael L. Cargile (“Cargile”) and Kenneth M. Kaplan (“Kaplan”), each as to an undivided interest to be determined before Closing, as tenants in common. Cargile and Kaplan are herein collectively referred to as “Buyer”.
