0000950123-10-017972 Sample Contracts

REDEMPTION OF MEMBERSHIP INTERESTS AGREEMENT
Redemption of Membership Interests Agreement • February 26th, 2010 • Colonial Realty Limited Partnership • Real estate investment trusts • Delaware

This Redemption of Membership Interests Agreement(this “Agreement”) is made as of the 25th day of November, 2009 by and between COLONIAL OFFICE JV LLC, a Delaware limited liability company, having an address at 2101 6th Avenue North, Suite 750, Birmingham, Alabama 35203 (“Member”) and CRTP OP LLC, a Delaware limited liability company, having an address c/o DRA Advisors LLC, 220 East 42nd Street, New York, New York 10017 (the “Company”) and DRA CRT ACQUISITION CORP., a Delaware corporation, having an address c/o DRA Advisors LLC, 220 East 42nd Street (27th Floor), New York, New York 10017 (“DRA Member”).

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AGREEMENT FOR PURCHASE OF MEMBERSHIP INTERESTS
Agreement for Purchase of Membership Interests • February 26th, 2010 • Colonial Realty Limited Partnership • Real estate investment trusts • Delaware

This Agreement for Purchase of Membership Interests (this “Agreement”) is made as of the 25th day of November, 2009 by and between CRTP OP LLC, a Delaware limited liability company, having an address c/o DRA Advisors LLC, 220 East 42nd Street (27th Floor), New York, New York 10017 (“CRTP Seller”) and ACP FITNESS CENTER LLC, a Georgia limited liability company (“ACP Seller”; CRTP Seller and ACP Seller, collectively, “Seller”) and COLONIAL OFFICE JV LLC, a Delaware limited liability company, having an address at 2101 6th Avenue North, Suite 750, Birmingham, Alabama 35203 (“RMI Purchaser”) and COLONIAL PROPERTIES SERVICES, INC., an Alabama corporation, having an address at 2101 6th Avenue North, Suite 750, Birmingham, Alabama 35203 (the “RCMI Purchaser”; the RMI Purchaser and the RCMI Purchaser, collectively, “Purchaser”).

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