ContractPurchase and Sale Agreement • June 14th, 2013 • Gladstone Commercial Corp • Lessors of real property, nec • Texas
AGREEMENT OF PURCHASE AND SALE AND JOINT ESCROW INSTRUCTIONS THIS AGREEMENT OF PURCHASE AND SALE AND JOINT ESCROW INSTRUCTIONS (this “Agreement”) is made and entered into as of the 20th day of May, 2013 (the “Effective Date”), by and between KARLIN PARMER OFFICE, LLC, a Delaware limited liability company (“Seller”), and GLADSTONE COMMERCIAL LIMITED PARTNERSHIP, a Delaware limited partnership or its permitted assignee (“Purchaser”). Seller and Purchaser may each sometimes be referred to herein as a “Party,” and, collectively, as the “Parties,” The Parties are entering into this Agreement with reference to the following facts: RECITALS A. Seller owns and desires to sell to Purchaser, subject to the terms of this Agreement, that certain real property located in Travis County, Texas, and being more particularly described on Exhibit A attached hereto and made a part hereof (the “Land”), together with (i) all improvements and fixtures owned by Seller and located on the Land, including that c
