PURCHASE AND SALE AGREEMENT by and among JEN I, L.P. and MUNICIPAL MORTGAGE & EQUITY, LLC and MMA EQUITY CORPORATION and MMA FINANCIAL TC CORP. and MUNIMAE TEI HOLDINGS LLC Dated as of June 26, 2009 PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • June 29th, 2009 • Municipal Mortgage & Equity LLC • Real estate • New York
PURCHASE AND SALE AGREEMENT, dated as of June 26, 2009, by and among JEN I, L.P., a Delaware limited partnership (“Purchaser”), Municipal Mortgage & Equity, LLC, a Delaware limited liability company (“Parent”), MMA Equity Corporation, a Florida Corporation and an indirect wholly owned Subsidiary of Parent (“MMAEC”), MMA Financial TC Corp., a Delaware corporation and an indirect wholly owned Subsidiary of Parent (together with MMAEC, the “Sellers” and, each, a “Seller” and Parent and the Sellers, collectively, the “Seller Parties”), and MuniMae TEI Holdings LLC, a Maryland limited liability company and a wholly owned Subsidiary of Parent (“Guarantor”).
