ECONOMIC INTEREST PARTICIPATION AGREEMENT AND PURCHASE OPTIONEconomic Interest Participation Agreement and Purchase Option • November 14th, 2008 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
This Economic Interest Participation Agreement and Purchase Option (this “Agreement”) is entered into effective as of the 19th day of September, 2008 (the “Effective Date”) by and between UNITED MORTGAGE TRUST, a real estate trust organized under the laws of the State of Maryland with an address of 1702 N. Collins Blvd., Suite 100, Richardson, TX 75080, as lender, agent and assignor (“Assignor”), and UNITED DEVELOPMENT FUNDING III, L.P., a Delaware limited partnership with an address of 1812 Cindy Lane, Suite 200, Bedford, Texas 76021, as assignee (“Assignee”).
