AGREEMENT OF PURCHASE AND SALE OF LIMITED PARTNERSHIP INTERESTSAgreement of Purchase and Sale • April 6th, 2009 • American Community Properties Trust • Land subdividers & developers (no cemeteries) • Puerto Rico
By this Agreement of Purchase and Sale of Limited Partnership Interests (this “Agreement”) dated as of ______________ ___, 2009 (the “Effective Date”) AMERICAN COMMUNITY PROPERTIES TRUST, a Maryland real estate investment trust (“ACPT”), AMERICAN LAND DEVELOPMENT U.S., INC., a ____________corporation (“American Land”), and IGP GROUP CORP., a __________ corporation (“IGP Group”) (ACPT, American Land and IGP Group are collectively referred to in this Agreement as “Seller”), agrees to sell and convey to PARTNERS BUSINESS EQUITIES, a ______________________, or its permitted assignee (“Purchaser”), who agrees to purchase and pay for all of Seller’s limited partnership interests in Interstate General Properties Limited Partnership S.E., a Maryland limited partnership (“IGP”), and all rights of Seller associated therewith and/or pertaining thereto.
