CROWN PINE PURCHASE AGREEMENT by and among CROWN PINE PARENT, L.P., CROWN PINE REIT, INC., GPT1 LLC, CROWN PINE TIMBER 1, L.P., and CREEK PINE HOLDINGS, LLC Dated as of May 14, 2018Crown Pine Purchase Agreement • May 18th, 2018 • CatchMark Timber Trust, Inc. • Real estate investment trusts • New York
This CROWN PINE PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of May 14, 2018 (the “Effective Date”), by and among Crown Pine Parent, L.P., a Delaware limited partnership (“CP Parent LP”), Crown Pine REIT, Inc., a Delaware corporation (“CP REIT”), and GPT1 LLC, a Delaware limited liability company (“GPT1” and together with CP Parent LP and CP REIT, collectively, the “Sellers” and each a “Seller”), Crown Pine Timber 1, L.P., a Delaware limited partnership (“Crown Pine Timber 1” or the “Company”), and Creek Pine Holdings, LLC, a Delaware limited liability company (the “Buyer”). Each of the parties named above may be referred to herein as a “Party” and collectively as the “Parties.” Capitalized terms used, but not otherwise defined, herein shall have the meanings set forth in Article XIII below.
CatchMark Timber Operating Partnership, L.P. Atlanta, GA 30328 May 14, 2018CatchMark Timber Trust, Inc. • May 18th, 2018 • Real estate investment trusts • New York
Reference is made herein to that certain Crown Pine Purchase Agreement (as amended, restated or otherwise modified from time to time pursuant to the terms thereof, the “Purchase Agreement”), entered into concurrently herewith by and among Creek Pine Holdings, LLC, a Delaware limited liability company (“Buyer”), Crown Pine Parent, L.P., a Delaware limited partnership (“CP Parent”), Crown Pine REIT, Inc., a Delaware corporation (“CP REIT”) and GPT1, LLC, a Delaware limited liability company (“GPT1”), and together with CP Parent and CP REIT, collectively the “Sellers” and each a “Seller”), Crown Pine Timber 1, L.P., a Delaware limited partnership (the “Company”), pursuant to which, upon the terms and subject to the conditions set forth therein, the Buyer will acquire from the Sellers and the Sellers will sell to the Buyer all of the issued and outstanding Partnership Interests. Each capitalized term used but not otherwise defined herein shall have the meaning ascribed to such term in the
