by the regular records of the person or
entity attempting delivery.
18.17
RELATIONSHIP OF PARTIES.
THE PARTIES AGREE THAT THEIR RELATIONSHIP
IS THAT OF SELLER AND BUYER, RESPECTIVELY, AND THAT NOTHING CONTAINED IN THIS
AGREEMENT SHALL MAKE EITHER PARTY THE FIDUCIARY OF THE OTHER FOR ANY PURPOSE
WHATSOEVER, NOR SHALL THIS AGREEMENT BE DEEMED TO CREATE ANY FORM OF BUSINESS
ORGANIZATION BETWEEN THE PARTIES, INCLUDING WITHOUT LIMITATION A JOINT VENTURE
OR PARTNERSHIP, NOR IS EITHER PARTY GRANTED ANY RIGHT OR AUTHORITY TO ASSUME OR
CREATE ANY OBLIGATION OR RESPONSIBILITY ON BEHALF OF THE OTHER PARTY, NOR SHALL
EITHER PARTY BE IN ANY WAY LIABLE FOR ANY DEBT OF THE OTHER.
18.18
SURVIVAL.
THE AGREEMENTS, REPRESENTATIONS, COVENANTS AND WARRANTIES
OF THE PARTIES CONTAINED IN THIS AGREEMENT SHALL SURVIVE THE CLOSING AND THE
DELIVERY OF THE GRANT DEED FOR THE TERMS SET FORTH ELSEWHERE HEREIN.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective
Date.
SELLER:
FULLERTON HOLDINGS, INC.,
a California corporation
By:
/s/ Trygve M. Thoresen
Its:
President
Date:
June 27, 2005
BUYER:
OLSON URBAN HOUSING, LLC,
a Delaware limited liability company
By:
THE OLSON COMPANY,
a California corporation
its managing member
By:
/s/ Todd Olson
Its:
President Community Development
By:
/s/ John Reekstin
Its:
Senior Vice President
Date:
June 24, 2005
The Exhibits to this Agreement have been omitted from this filing, and the
issuer agrees to furnish supplementally a copy of any omitted schedule or
exhibit to the Securities and Exchange Commission upon request.