PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS dated July ___, 2015 by and between FREEMAN REVOCABLE TRUST CECIL W. AND NANCY A. BROWN REVOCABLE TRUST as Sellers, and LUNA AZUL DEVELOPMENT FUND, LLC as BuyerPurchase and Sale Agreement • December 30th, 2015 • Luna Azul Development Fund, LLC • Land subdividers & developers (no cemeteries) • Arizona
THIS PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (this "Agreement") is made and entered into as of July ___, 2015, by and between Freeman Revocable Trust dated February 25, 2010 (the “Freeman Trust”) and Cecil W. and Nancy A. Brown Revocable Trust dated May 6, 1999 (the “Brown Trust”) (the Freeman Trust and the Brown Trust are referred to herein each as a “Seller” and together as "Sellers") on the one hand, and Luna Azul Development Fund, LLC, a Delaware limited liability company and/or nominee ("Buyer") on the other hand, for the purpose of setting forth the agreement of the parties and to provide instructions to Fidelity National Title Insurance Company ("Escrow Agent"), with respect to the transaction contemplated by this Agreement. The “Execution Date” shall be the date that the last party to this Agreement executes this Agreement.
