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AGREEMENT FOR SALE AND PURCHASE OF PROPERTY <br />RREF RB 2012 LTI-FL PHP, LLC, a .Florida limited liability company ("Seller"), and <br />Indian River County, a political subdivision of'the State of Florida ("Buyer"), hereby agree as of <br />the Effective Date that Seller shall sell to Buyer and Buyer shall purchase from Seller, upon the <br />following terms and conditions and for the price herein set forth, the Property, as such term is <br />defined in Article I of this Agreement. <br />ARTICLE I <br />DEFINED TERMS <br />1.1 Certain Definitions. As used herein, the following teiuis shall have the following <br />meanings: <br />(a) "Closing Date" shall mean [check appropriate box]: <br />[ X] 2:00 P.M. Eastern time on the is` day of March, 2016; or <br />[] <br />the 75th day after the Feasibility Date. <br />(b) "Deposit" shall mean the amount from time to time held by the Escrow Agent as <br />Buyer's earnest money deposit. The Deposit shall consist initially of the sum of <br />$_zero ,000.00 (the "Initial Deposit"), and thereafter (so long as Buyer has not <br />timely terminated this Agreement as providedfor in Section 2.2 below), the additional sum of <br />$__zero ,000.00 (the "Additional Deposit"). The Deposit shall be increased to the <br />extent that interest accrues thereon. <br />(c) "Disclosed Seller Broker" shall mean Southeast Asset Specialists, LLC, having <br />an address of 951 Broken Sound Parkway NW, Suite 108, Boca Raton, FL 33487; Attention: <br />Leslie Maister, Telephone Number (561) 988-5890, Facsimile Number (561) 241-5690, E-mail <br />Address: leslie@seas-llc.com. <br />(d) "Disclosed Buyer Broker" shall mean , having an address <br />of ; Attention: , Telephone Number <br />Facsimile Number , E-mail Address: <br />(e) "Escrow Agent" shall mean [check appropriate box]: <br />[ ] , having an address of <br />Attention: , Telephone Number , Facsimile Number , E- <br />mail Address: ; or <br />[ X ] the Title Company identified below. <br />(f) "Feasibility Date" shall mean 5:00 p.rn. Eastern time on [check appropriate box]: <br />4.1416.v'+ e d _ <br />[ x ] the 29th day of February, S '� G <br />MIAMI 2957652.8 79037133274 <br />