Document:

Exhibit 10.3.1

 

AGREEMENT OF PURCHASE AND SALE

 

THIS AGREEMENT
OF PURCHASE AND SALE (the “Agreement”) is made and entered into the 25 day of September 2015 (the “Effective
Date”), by and among SBS HOLDINGS AT TALL PINES, LLC, a Georgia limited liability company “Seller”),
and T.A.G. ACQUISITIONS LTD., a                          
 limited partnership (“Purchaser”).

 

WITNESSETH:

 

In consideration
of Ten and No/100 ($10.00) Dollars in hand paid by Purchaser to
Seller, the mutual covenants herein contained, and other good and valuable consideration, the receipt, adequacy and sufficiency
of which are hereby acknowledged, Purchaser and Seller, intending to be legally bound, do hereby covenant and agree as follows:

 

1.   Agreement
to Sell and to Purchase. Seller agrees to sell and
convey to Purchaser, and Purchaser agrees to purchase and acquire from Seller, upon the terms and conditions hereinafter set forth,
the following: That certain tract or parcel of land, including all improvements, located at 3200 Cushman Circle, Atlanta, Fulton
County, Georgia, as more particularly described on Exhibit “A” attached hereto and incorporated herein by reference
(hereinafter referred to as the “Property”).

 

2.   Earnest
Money Deposit. On or before three (3) days after the Effective Date, Purchaser shall deliver to the law firm of Cohen Pollock
Merlin & Small, P.C., (“Escrow Agent’’) the sum of Twenty-Two Thousand and /500 Dollars ($22,500.00)
(the “Deposit”). The Deposit shall be held by Escrow Agent (the “Escrow Account”)
in non-interest bearing account, and applied to the Purchase Price (hereinafter defined) at the Closing (hereinafter defined)
or disbursed as otherwise provided in this Agreement.

 

3.   Purchase
Price. The “Purchase Price” for the Property shall be equal to Four Hundred Fifty Thousand and No/100 Dollars
($450,000.00). The Purchase Price, as adjusted by the closing prorations described in Paragraph 4 hereof and as reduced by the
Deposit, shall be paid by Purchaser at the Closing in cash or other immediately available funds by wire transfer.

 

4.   Closing
Prorations. The following amounts or items shall be prorated, credited or added to the Purchase Price at Closing, and except
to the extent otherwise provided herein, shall adjust the Purchase Price. All prorations shall be made as of midnight of the day
prior to Closing such that Purchaser shall receive all income and shall be responsible for all expenses on the Closing Date (hereinafter
defined).

 

(a)          Taxes.  At
Closing, all state, county and municipal ad valorem taxes, assessments and similar charges, if any, with respect to the Property
will be prorated as provided above based upon taxes for such year, or if said ad valorem tax amounts for such year are not available,
upon the ad valorem taxes for the previous or subsequent year. Upon receipt of the tax bill for the Property, the parties agree
to re-prorate the taxes, if necessary, based on such bill and to adjust between themselves any differences between such bill and
the proration made at Closing based on the previous year’s tax bill. The provisions of this subparagraph (a) shall survive Closing.

 

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(b)          Utilities,
Rent and Other Expenses. Seller shall cause all the utility meters (if any) to be read as of the Closing Date, if practicable,
and shall be responsible for the cost of all utilities used prior to the Closing Date. Purchaser shall be responsible for the cost
of all utilities used on and after the Closing Date. If an actual reading is not practicable as of the Closing Date, the cost shall
be reasonably estimated by Seller and Purchaser (or if Seller and Purchaser fail to agree, by the Title Company, as hereinafter
defined) and shall be final. Utilities shall include, without limitation, electricity, gas, sewer and water. All rents as to any
portion of the Property shall be prorated as of the Closing Date. The provisions of this subparagraph (b) shall survive Closing.

 

(c)          Assessments.
If, as of the Closing Date, the Property or any part thereof shall be or shall have been affected by any assessment or assessments
which are or may become payable in annual installments, Seller shall pay such assessments in full prior to or at the Closing.

 

5.   Documents
to Be Delivered Prior to Closing. Intentionally omitted.

 

6.   Inspections.
Commencing upon the Effective Date and continuing until five (5) business days prior to Closing, Purchaser shall, at Purchaser’s
expense, have the right to access and make reasonable examinations and inspections of the Property, subject to the rights of the
current tenant, and the contracts, books, records, leasing files, plans, reports and inspections relating to the condition of
the Property, notices to or from third parties, at d leases and accounts of Seller regarding the Property to the extent Seller
possesses same. Purchaser’s access as aforementioned shall be provided upon reasonable request to Seller for same, and all
documentation requested by Purchaser, to the extent in Seller’s actual possession, shall be made available at the Property
during normal business hours. Purchaser agrees to promptly repair at Purchaser’s expense any material damage caused by Purchaser
to the Property as a result of Purchaser’s inspections. If, prior to ten (10) business days from the Effective Date (the
“Inspection Period”), Purchaser determines in its sole and absolute discretion that the condition of
the Property is unsatisfactory for any reason, Purchaser shall have the option to terminate this Agreement by serving written
notice of termination on Seller. If Purchaser provides such written notice to terminate prior to the expiration of the Inspection
Period, the Deposit shall be returned to Purchaser upon such termination, and this Agreement and the rights, duties and obligations
of the parties hereunder shall terminate and be of no further force or effect, except to the extent any such provisions, by their
terms, expressly survive termination hereof. If Purchaser does not terminate this Agreement prior to the expiration of the Inspection
Period, the Deposit shall become non-refundable except in the event of a default by Seller, or as otherwise specifically provided
for herein. Purchaser agrees to indemnify and hold Seller harmless of, from and against any and all claims and losses whatsoever
arising out of or relating to the exercise by Purchaser of the inspection rights provided in this Section, including such claims
and losses as arise from or relate to the exercise of such rights by or through agents and/or contractors retained by Purchaser.
The restoration, indemnity and hold harmless agreements provided in this Section shall survive the termination, lapse, breach
or closing of this Agreement. Purchaser agrees to promptly provide to Seller, but in no event later than three (3) days from receipt
of same, copies of any and all reports, studies, surveys or other documents obtained by Purchaser as a result of its inspections
pursuant to this Paragraph.

 

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As-Is Sale. Purchaser expressly
acknowledges that Purchaser has had and will have an opportunity to evaluate the Property and to make full inquiry of Seller as
to all matters deemed relevant by Purchaser in evaluating the Property. Purchaser expressly acknowledges that the Property is being
purchased “as is”, “where is” and “with all faults,” latent and patent, without recourse to
or against Seller or any Seller Party (hereinafter defined), and releases and waives any claims against Seller or any Seller
Party for any matter pertaining to the character or condition of the Property, except for a breach of the representations and warranties
of Seller expressly set forth here in. Without limiting the generality of the foregoing, except as expressly set forth herein,
Seller has not made and will not make, and hereby expressly disclaims, any warranties or representations of any kind whatsoever,
express or implied, with respect or relating to the Property, including without limitation, merchantability, habitability or fitness
for any particular purpose of the Property or any part thereof. Purchaser expressly acknowledges that it is not authorized to rely,
has not relied, and will not rely on any representation, statement or warranty of Seller, or of any agent or representative of
Seller, not expressly set forth herein. Except as expressly set forth in this Agreement, Purchaser shall not have the right to
terminate this Agreement and receive a Refund of the Earnest Money.

 

7.   Title.
At Closing, Seller shall convey, transfer, grant and set over to Purchaser insurable, marketable, good, and indefeasible fee
simple title to the Property, free and clear of all
monetary liens, mortgages, leases (except for the existing leases for tenants of the Property), and other monetary
encumbrances whatsoever except only those encumbrances and exceptions set forth on Exhibit “B” attached hereto
and incorporated herein by reference, and those encumbrances and exceptions approved in writing (or deemed approved
hereunder) by Purchaser prior to Closing (“Permitted Title Exceptions”). In all events, such title shall
be insurable by a nationally reputable Title Insurance Company on its standard form of ALTA Form B owner’s policy at
its standard rate with exception only to the Permitted Title Exceptions and with all standard exceptions being removed or
deleted. If Purchaser’s examination of title discloses any defects in title, then Purchaser shall notify Seller, no
later than fifteen (15) days prior to Closing, of such defects or objections (“Purchaser’s Objection
Notice”), Seller, within five (5) days of receipt of Purchaser’s Objection Notice, shall notify Purchaser in
writing (“Seller’s Cure Notice”) of any matters in Purchaser’s Objection Notice which Seller
elects to cure; provided, however, that, anything to the contrary herein notwithstanding, Seller shall not be required to
cure any liens or encumbrances identified in Purchaser’s Objection Notice. In the event Seller informs Purchaser in
Seller’s Cure Notice that Seller is unable to cure or unwilling to cure any objections raised in Purchaser’s
Objection Notice (or in the event Seller does not timely provide Seller’s Cure Notice), Purchaser shall be entitled to,
either (i) terminate this Agreement upon written notice to Seller delivered no later than two (2) business days prior to
Closing, and receive the return of the Deposit, or (ii) to waive such objection and proceed to close the transaction
contemplated by this Agreement, In the event Purchaser fails to make such election within five (5) days after the latter of
(x) Purchaser’s receipt of Seller’s Cure Notice or (y) the date by which Seller’s Cure Notice was required
to be delivered, Purchaser shall be deemed to have selected (ii) above. Purchaser shall have the right to re-examine title to
the Property up to and including the Closing Date and raise any additional objections not appearing of public record prior to
Purchaser’s submission of Purchaser’s Objection Notice. If Seller shall not correct or remove the defects or
objections which Seller has agreed to cure by Closing or should Purchaser learn of any other defects or objections to
Seller’s title not permitted by the terms hereof after the date of the initial title examination by Purchaser, then
Purchaser, in Purchaser’s sole discretion or judgment, may:

 

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(a)          accept
the Property with such defects, provided Purchaser, may satisfy and discharge any lien, mortgage, or other security interest encumbering
the Property, and deduct such payment therefor from the Purchase Price; or

 

(b)          elect
to terminate this Agreement by notice to Seller, in which event the Deposit shall be returned to Purchaser and thereupon Purchaser
shall have Purchaser’s rights and remedies under Paragraph 9 hereof.

 

If Purchaser does
not make its election as to the foregoing by the then established closing date, then Purchaser shall be deemed to have elected
option (a) and shall promptly close on this Agreement.

 

8.   Default.

 

(a)                  Purchaser’s
Default. If Purchaser defaults under this Agreement and Seller has not defaulted under this Agreement and all conditions precedent
and contingencies to Purchaser’s obligations are satisfied, then, upon written notice of default to Purchaser, as Seller’s
sole and exclusive remedy for such default, Escrow Agent shall pay to Seller the Deposit. Purchaser and Seller acknowledge that
it is impossible to estimate precisely the damages which might be suffered by Seller upon Purchaser’s default and that the Deposit
represents a reasonable estimation of such damages. Seller’s retention of the Deposit is intended not as a penalty, but as full
liquidated damages as provided under state law. The right to receive and retain the Deposit as full liquidated damages is Seller’s
sole and exclusive remedy in the event of default hereunder, except as otherwise expressly provided. The Deposit shall constitute
the stipulated damages of Seller, and Purchaser shall thereupon be relieved of all further obligations and liabilities arising
out of this Agreement, except for the indemnities contained herein, it being agreed that the actual damages of Seller are impossible
to ascertain and said amount represents the reasonable damages of Seller.

 

(b)                  Seller’s
Default. If Seller breaches this Agreement, or any of the provisions herein, or if any representation or warranty made by Seller
in this Agreement is untrue, false or incorrect, or if Seller shall not have performed any of Seller’s obligations herein set forth,
then Purchaser shall be entitled to:

 

(i)      close
the transaction contemplated by this Agreement, thereby waiving such breach, default or failure, provided, however that Purchaser
may cure any breach, default or failure which is susceptible to cure by payment of money and deduct from the Purchase Price all
sums so paid by Purchaser, together with all costs and expenses incurred by Purchaser in affecting such cure; or

 

(ii)     seek
specific performance of Seller’s obligations under this Agreement, so long as Purchaser commences such litigation against
Seller within sixty (60) days of the alleged default; or

 

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(iii)     receive
an immediate return of the Deposit, together with all interest thereon, from Escrow Agent and this Agreement shall be null and
void with neither party having any further obligations hereunder, except for those terms and conditions that by their express terms
survive the termination hereof,

 

9.  Closing,
The closing of the purchase and sale of the Property contemplated hereby (the “Closing”) will be held
through an escrow with Escrow Agent on or before October 29, 2015 (the “Closing Date”) and shall be
simultaneous with the closing of the purchase and sale of the property contemplated in the 276 Agreement (defined herein), subject
to the provisions of Paragraphs 14 and 20(i) below,

 

(a)                  At
Closing or as provided below, Seller shall deliver to Purchaser, at Seller’s sole cost and expense, the following items:

 

(i)          Limited
warranty deed conveying good, insurable and marketable fee simple title to the Property, as required by this Agreement together
with any state transfer form required for recordation of the deed, subject only to the Permitted Title Exceptions.

 

(ii)         An
Owner’s Affidavit executed and sworn to by Seller, stating that no work has been performed on the Property during the three months
prior to Closing or if such work has been performed, that it has been paid in full, together with such other statements and instruments
as may be required by Purchaser’s title insurance company insuring the title to the Property in order for the title insurance company
to issue Purchaser’s title insurance policy without exception to any liens, unfiled easements or other standard exceptions
set forth in the standard title insurance policy form.

 

(iii)        A
certification complying with requirements of Sections 1445 and 7701 of the Internal Revenue Code of 1986, as amended (the
“Code”), by Seller that it is not a foreign person within the meaning of such sections, or satisfactory proof
that Seller has elected to be treated as a United States entity for purposes of such sections it being agreed and understood
that Purchaser may withhold from the sales proceeds payable to Seller at Closing the amounts required to be withheld under
Section 1445 of the Code, except and to the extent that Seller provides any documentation or certificate contemplated under
Code Section 1445 (or the regulations issued thereunder) to reduce or eliminate such withholding.

 

(iv)         A
written statement as of the Closing Date reaffirming that all of the warranties and representations of Seller made in this Agreement
are true and correct or stating which, if any, are not true and correct and describing the nature and details of such changes.

 

(v)          Payment,
satisfaction and discharge of any and all outstanding liens, mortgages, security interests or other encumbrances securing the payment
of any indebtedness affecting the Property.

 

(vi)         All
other documents necessary or appropriate to complete the transaction contemplated by this Agreement.

 

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(viii)        A Bill of
Sale transferring all of Seller’s rights, title and interest in and to any personalty owned by Seller located within or upon
the Property; and further, an Assignment and Assumption of the leases and service contracts affecting the Property.

 

(b)                  At
Closing, Purchaser shall pay to Seller the Purchase Price as adjusted pursuant to the terms hereof, and shall execute and deliver
all documents reasonably necessary or appropriate to complete the transaction contemplated by this Agreement.

 

10. Costs.
Seller shall pay the costs of any transfer taxes on the transfer of the Property, and the costs of recording any documents
necessary to satisfy any obligations of Seller with respect to any matters raised in Purchaser’s Objection Notice.
Purchaser shall pay all costs associated with Purchaser’s due diligence, the costs of the Survey, he costs of the title
examination and the Title Policy, and recording costs. Each party shall bear   its own attorneys’ fees. Any costs or
expenses which have not been addressed herein shall be borne by such party who customarily bears such expense in the
Metropolitan Atlanta Area.

 

11. Damage or
Condemnation. Risk of loss resulting from any condemnation, eminent domain or expropriation proceeding which is commenced prior
to Closing, and risk of loss to the Property due to any other cause, remains with Seller until Closing. If, prior to the Closing,
all or part of the Property shall be destroyed, damaged or subjected to a bona fide threat of condemnation, expropriation or other
proceeding, Seller shall so notify Purchaser, and Purchaser either may elect to (i) cancel this Agreement, in which event all parties
shall be relieved and released of and from any further duties, obligations, rights or liabilities hereunder and the Deposit, together
with all interest earned thereon, shall be returned to Purchaser, or (ii) Purchaser may declare this Agreement to remain in full
force and effect and the purchase contemplated herein, subject to such damage or less any interest taken by eminent domain, expropriation
or condemnation, shall be effected, and at Closing, Seller shall assign, transfer and set over to Purchaser all of the right, title
and interest of Seller in and to any awards and insurance proceeds or claims that have been or that may thereafter be made for
such taking or damage. If Purchaser elects to acquire the Property, notwithstanding damage to the Property that is covered by Seller’s
insurance, the Purchase Price shall be reduced by the amount of Seller’s insurance deductible.

 

12. Representations
and Warranties. Seller hereby represents,warrants and covenants that the following matters are true and correct as of the
Effective Date and will be true and correct as of the Closing Date:

 

(a)                  This
Agreement has been duly authorized and executed by Seller, and Seller has full power and authority to consummate the transaction
described herein, and the persons executing this Agreement and all instruments to be delivered to Purchaser at Closing on behalf
of Seller are fully authorized to do so, have the power to bind Seller and to so act on Seller’s behalf.

 

(b)                  Execution
and performance of this Agreement, and the consummation of the transactions contemplated hereby, will not result in any breach
or violation of any of the terms or the provisions of or constitute a default under, any indenture, deeds of trust, mortgage, note,
or other agreement or instrument by which Seller is or will be bound.

 

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(c)                 Neither
the entering into of this Agreement nor the consummation of the transaction herein described will constitute or result in a violation
or breach by Seller of any judgment, order, writ, injunction or decree issued against or imposed upon it, or will result in a violation
of any applicable law, order, rule or regulation of any governmental authority. To Seller’s actual knowledge, there is no action,
suit, proceeding or investigation pending which would become a cloud on the title to the Property or any portion thereof or which
questions the validity or enforceability of the transaction herein described or any action taken in connection with said transaction
in any court or before or by any federal, district, county, or municipal department, commission, board, bureau, agency or other
governmental instrumentality.

 

(d)                  To
Seller’s actual knowledge, neither the whole nor any portion of the Property, including access thereto or any easement benefiting
the Property, is subject to temporary requisition of use by any governmental authority or has been condemned, or taken in any proceeding
similar to a condemnation proceeding, nor is Seller aware of any pending or threatened condemnation, expropriation, requisition
or similar proceeding against the Property or any portion thereof except as described herein. Seller has received no notice nor
has any knowledge that any such proceeding is contemplated.

 

(e)                 To
Seller’s actual knowledge, there is no litigation or proceeding pending or threatened against or relating to the Property.

 

(f)                  No
assessments have been made against the Property which are unpaid, or shall not be paid in full, at or prior to the Closing, except
those ad valorem taxes, if any, for the current year which are not yet due and payable, whether or not they have become liens;
and Seller has no knowledge of any assessments against the Property for public improvements not yet in place.

 

Purchaser hereby represents,
warrants and covenants that the following matters are true and correct as of the Effective Date and will be true and correct as
of the Closing Date:

 

(g)                  This
Agreement has been duly authorized and executed by Purchaser, and Purchaser has full power and authority to consummate the transaction
described herein, and the persons executing this Agreement and all instruments to be delivered to Seller at Closing on behalf of
Purchaser are fully authorized to do so, have the power to bind Purchaser and to so act on Purchaser’s behalf.

 

Notwithstanding anything to the contrary
contained in this Agreement, in the event that either party consummates the transaction contemplated hereby with actual knowledge
of (A) a breach of the other party’s representations and warranties or covenants hereunder, or (B) an event of condition that upon
the passage of time, the giving of notice or both, would constitute such breach, or (C) a claim against the other party pursuant
to any of the indemnification provisions contained in this Agreement, then the party that consummates the transaction contemplated
with such knowledge shall be irrevocably deemed to have waived any and all representations and warranties, covenants or indemnities
set forth in this Agreement relating to such breach, claim, condition or event (but not those that do not relate to such breach,
claim, condition or event).

 

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13. Seller’s
Obligations Prior to Closing. As a material inducement to Purchaser entering into this Agreement and as a condition to Purchaser’s
obligations hereunder:

 

(a)                  Between
the Effective Date and Closing, Seller shall:

 

(i)          perform
all obligations of Seller as owner of the Property including compliance with all laws and ordinances affecting ownership of the
Property.

 

(ii)         not
enter into or amend, any leases or service agreements for the Property, or amend any agreements already in existence as of the
Effective Date, without first obtaining Purchaser’s written consent thereto, which may not be unreasonably withheld by Purchaser.

 

(b)                  Without
first obtaining Purchaser’s consent thereto, which consent may be withheld in Purchaser’s sole discretion, Seller shall not transfer
or convey any interest in the Property, other than to Purchaser.

 

14. Conditions
to Purchaser’s Obligations. Purchaser’s obligations under this Agreement are conditioned and contingent upon the
completion of the items below, on or before the time periods set forth for each. In the event the conditions below have not been
satisfied by the Closing Date, Seller shall have the option of extending same for up to ten (10) days to allow Seller to satisfy
all or any of the conditions. The conditions which are subject to this Paragraph 14 are:

 

(a)                  Change
in Condition. There shall not have occurred, subsequent to the end of the Inspection Period, any material or adverse change
in the status of title to the Property, availability of access to the Property, or the availability to the Property of sewer,
water, electricity or any other utilities. Should any of the foregoing be untrue, in addition to the remedies provided above,
Purchaser, at its option, may close this transaction, thereby waiving such objection, or if the foregoing shall be untrue due
to the act or misfeasance of Seller, its agents, employees, contractors or assigns, declare Seller in default hereunder and exercise
Purchaser’s rights and remedies hereunder.

 

15. Brokers.
Purchaser and Seller hereby agree, warrant, and acknowledge that no real estate brokers or agents are involved in this transaction
or would be considered the procuring cause of this transaction. Purchaser and Seller do hereby indemnify and hold harmless and
defend the other from and against any and all causes, claims, damages, losses, liabilities, fees, commissions, settlement, judgments,
damages, expenses and fees (including reasonable attorneys’ fees and court costs) in connection with any claim for commissions,
fees or other charges relating in any way to this transaction, or the consummation thereof, which may be made by any person, firm
or entity, as the result of the indemnifying party’s acts, or claiming by, through, or under the indemnifying party. This
indemnity shall survive the termination or Closing of this Agreement.

 

16. Assignment.
This Agreement and the terms and provisions hereof shall inure to the benefit of and be binding upon the successors and assigns
of the parties. Purchaser may assign this Agreement and, upon such assignment, with a copy to be provided to Seller, the assignee
shall succeed to all rights, and shall assume all obligations, of Purchaser under this Agreement, except that Purchaser shall
not be released from its obligations and liabilities contained in or arising from this Agreement,

 

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17. Waiver.
The failure of any party to exercise any right hereunder, or to insist upon strict compliance by the other party, shall
not constitute a waiver of either party’s right to demand strict compliance with the terms and conditions of this
Agreement.

 

18. Notice.
All notices shall be in writing and shall be deemed to have been properly given on the earlier of (i) when delivered in person,
(ii) when deposited in the United States Mail, with adequate postage, and sent by registered or certified mail with return receipt
requested, to the appropriate party at the address set out below, (iii) when deposited with Federal Express, Express Mail or other
overnight delivery service for next day delivery, addressed to the appropriate party at the address set out below, (iv) when transmitted
by facsimile to the facsimile number for each party set forth below, or (v) when transmitted by electronic mail to the Email address
for each party set forth below.

 

	Purchaser:	 
	 	 
	 	 
	 	 
	 	 
	With a copy to:	 
	 	 
	 	 
	 	 
	 	 
	Seller:	SBS Holdings at Tall Pines, LLC
	 	550 Pharr Road, Suite 220
	 	Atlanta, GA 30305
	 	Attn: Mr. Shmuel Wolf
	 	Email: shmuelwo@gmail.com
	 	 
	With a copy to:	Cohen Pollock Merlin & Small, P.C.
	 	3350 Riverwood Parkway, Suite 1600
	 	Atlanta, GA 30339
	 	Attention: Bradley C. Skidmore, Esq.
	 	Phone No.: (770) 858-1288
	 	Email: BSkidmore@cpmas.com

 

Rejection or other refusal by the addressee
to accept, or the inability to deliver because of a changed address, changed facsimile number, or changed electronic mail address
of which no notice was given, shall be deemed to be receipt of the notice sent. Any party shall have the right, from time to time,
to change the address, facsimile number, or electronic mail address to which notices to it shall be sent by giving to the other
party or parties at least ten (10) days prior notice of the changed address, changed facsimile number, or electronic mail address.

 

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19. Survival.
Liability for the indemnities of Seller and/or Purchaser made in this Agreement shall survive the execution and delivery of this
Agreement, the termination of this Agreement prior to Closing if applicable, the breach of this Agreement by one or more of the
parties, the Closing and the delivery of the Closing documents, and/or the lapse of this Agreement without a Closing, except as
otherwise specifically agreed to herein.

 

20. Miscellaneous.

 

(a)                  Governing
Law. This Agreement shall be governed by and constructed and enforced in accordance with the substantive and not the
conflicts laws of the stare of the Georgia.

 

(b)                   Counterparts.
This Agreement may be executed by the parties hereto in two or more counterparts and each executed counterpart shall be
considered an original.

 

(c)                   Drafting.
This Agreement has been negotiated between the parties and, for construction purposes, shall not be deemed the drafting of
any one party. 

 

(d)                   Entire
Agreements; Amendments. This Agreement embodies the entire agreement and understanding between the parties relating to
the subject matter hereof and may not be amended, waived or discharged except by an instrument in writing executed by the
party against which enforcement of such amendment, waiver, or discharge is sought. This Agreement supersedes all prior
agreements and memoranda between Purchaser and Seller which relate to the Property. The invalidity of any one of the
covenants, agreements, conditions or provisions of this Agreement or any portion thereof shall not affect the remaining
portions thereof or any part hereof and this Agreement shall be amended to substitute a valid provision which reflects the
intent of the parties as was set forth in the invalid provision.

 

(e)                   Day
for Performance. Wherever herein there is a day or time period established for performance and such day or the
expiration of such time period is a Saturday, Sunday or holiday, then such time for performance shall be automatically
extended to the next following business day.

 

(f)                  Attorney’s
Fees. Should any suit or proceeding be brought to enforce the terms of this Agreement or any obligation herein, the prevailing
party shall be entitled to reasonable attorneys’ fees, costs and expenses therein incurred.

 

(g)                  TIME
IS OF THE ESSENCE OF THIS AGREEMENT.

 

(h)                  Electronic
Signature/Multiple Counterparts. For purposes of negotiating, executing and amending this Agreement, any signed document transmitted
by facsimile machine or scanned email shall be treated in all manner and respects as an original document. The signature of any
party thereon shall be considered for those purposes as an original signature, and the document transmitted shall be considered
to have the same binding legal effect as an original signature on an original document. At the request of any party, a facsimile
or scanned email document shall be re-executed by all parties in original form. No party may raise the use of a facsimile machine
or scanned email, or the fact that any signature was transmitted through the use of a facsimile or scanned email as a defense
to the enforcement of this Agreement. In addition, this agreement may be executed in multiple counterparts, each of which together
shall constitute one and the same agreement and which shall together be fully binding on the parties hereto.

 

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(i)                  Companion
Agreement. Contemporaneous with its execution of this Agreement, Purchaser has entered into a written agreement for the purchase
and sale of certain real property owned by SBS 276, LLC (the “276 Agreement”), the terms of which are similar to those
of this Agreement. Anything to the contrary notwithstanding, in the event that Purchaser exercises its right to terminate the 276
Agreement pursuant to any right to terminate expressly provided therein, then Purchaser shall provide Seller with written notice
of such termination Seller contemporaneous with Purchaser’s required notice of termination under that agreement, whereupon
Seller shall have the right to terminate this Agreement upon written notice to Purchaser within five (5) days of such termination
notice from Purchaser, whereupon the Deposit shall be returned to Purchaser. Further, anything to the contrary notwithstanding,
in the event that Purchaser does not terminate the 276 Agreement pursuant to any right to terminate expressly provided therein
and does not close the purchase of the subject property under the 276 Agreement, then Purchaser shall be in default of this Agreement,
whereupon Seller shall have the right to terminate this Agreement and receive and retain the Deposit. In the event that this Agreement
is terminated pursuant to this provision, neither party shall have any further rights or obligations hereunder except for those
which expressly survive the termination hereof.

 

[Signatures begin on following page]

 

    	 	- 11 -	 

     

    

 

IN WITNESS WHEREOF, the parties have
set their hands or caused duly authorized and incumbent officers to set their hands the date set forth by such party’s name.

 

	 	SELLER:
	 	 
	 	SBS HOLDINGS AT TALL  PINES, LLC
	 	 	 
	Date: 9/25/2015	By: 	/s/ Shmuel Wolf
	 	 	 
	 	Name:	SHMUEL WOLF
	 	 	 
	 	Title:	MANAGER
	 	 
	 	[Signatures continue on following page]

 

    	 	- 12 -	 

     

    

 

	 	PURCHASER:
	 	 
	 	T.A.G. ACQUISITIONS LTD.
	 	 	 
	Date: 9/24/2015	By:	/s/ Cheskel Meisels
	 	 	 
	 	Name:	CHESKEL MEISELS
	 	 	 
	 	Title:	PRESIDENT

 

    	 	- 13 -	 

     

    

 

This Agreement and the Deposit have been received by Escrow Agent
as of this         day of             ,
2015. Escrow Agent agrees to be bound by the terms and provisions of this Agreement.

 

	 	ESCROW AGENT:
	 	 
	 	COHEN POLLOCK MERLIN & SMALL, P.C.
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 

 

    	 	- 14 -	 

     

    

 

Exhibit “A”

 

Legal Description

 

    	 	- 15 -	 

     

    

 

Exhibit “B”

 

Permitted Title Exceptions

 

    	 	- 16 -Exhibit 10.3.2

 

FIRST AMENDMENT TO AGREEMENT

OF PURCHASE AND SALE 

 

THIS FIRST
AMENDMENT TO AGREEMENT OF PURCHASE AND SALE (this “Amendment”) is entered into this 15TH day of October, 2015,
by and among T.A.G. ACQUISITIONS LTD. (“Purchaser”) and SBS HOLDINGS AT TALL PINES, LLC (“Seller”).

 

PRELIMINARY STATEMENT OF RECITALS

 

Purchaser and Seller have
entered into that certain Agreement of Purchase and Sale dated as of September 25, 2015 (the “PSA”) for the purchase
and sale of certain real property and all improvements thereon located at 3200 Cushman Circle, Atlanta, Fulton County, Georgia
(the “Property”), wherein Purchaser is required to close the purchase of the Property on or before October 29, 2015.

 

Purchaser and Seller desire
to amend the PSA to allow Purchaser the opportunity to close the purchase and sale of the Property in strict accordance with the
terms set forth herein.

 

NOW THEREFORE, for
and in consideration of the foregoing recitals and the mutual agreements herein contained, and other good and valuable consideration,
the receipt, adequacy, and sufficiency of which are all hereby acknowledged, the parties hereto, intending to be legally bound
hereby agree as follows:

 

1.           Definitions.
All capitalized terms used herein shall have the meaning ascribed in the PSA unless otherwise defined in, amended by, or deleted
pursuant to this Amendment.

 

2.           Additional
Earnest Money. If, through no fault of Seller, Purchaser does not close the purchase of the Property on or before October
29, 2015 (the Closing Date specified in Section 9 of the PSA), Purchaser shall have the right to extend the Closing Date up to
and including November 30, 2015, upon payment of Twenty-Five Thousand and No/100 Dollars ($25,000.00) as additional Earnest Money
(the “Additional Deposit”) by wire transfer to Escrow Agent by no later than 2:00 p.m. local Atlanta, Georgia time
on October 30, 2015. (Upon timely receipt by Escrow Agent, the Additional Deposit shall be part of the Deposit for all purposes
of the PSA, except as otherwise expressly provided herein.) If the Additional Deposit is not received by Escrow Agent by the time
required herein, Seller shall have the right to terminate the PSA by written notice to Purchaser and receive and retain the original
Deposit, with the Additional Deposit being returned to Purchaser, whereupon neither party shall have any further obligations hereunder,
except for those terms and conditions that by their express terms survive the termination hereof.

 

3.           Purchase
Price Adjustment. If Purchaser timely and properly exercises its right to extend the Closing Date pursuant to Section
2 of this Amendment, the Purchase Price shall be increased by the sum of Seven Thousand Five Hundred and No/100 Dollars ($7,500.00)
for each week (or portion thereof) after October 29, 2015, that passes before the purchase transaction contemplated by the PSA
actually closes; provided, however, that anything to the contrary notwithstanding, the Closing Date shall not be extended beyond
November 30, 2015. (For purposes of illustration only, if Purchaser timely and properly exercises its right to extend the Closing
Date and thereafter closes the purchase of the Property on November 10, 2015 – i.e., 11 days after October 29, 2015, the
Purchase Price shall be increased by $15,000.00.)

 

    	 	 	 

     

    

 

4.           Liens/Encumbrances.
If, as of the Closing Date, there are liens or other encumbrances that remain of record as outstanding against the
Property that can be resolved by the payment of money, then Purchaser and Seller shall enter into a written escrow agreement with
terms reasonably acceptable to both parties, pursuant to which Escrow Agent shall withhold from the proceeds of the sale of the
Property hereunder an amount sufficient to cover such items, with Seller having a ninety (90) day period within which to cause
such items to be removed of record.

 

5.           Ratification.
Except as expressly modified and amended hereby, the PSA shall be and remain in full force and effect and unchanged; as modified
and amended hereby, the PSA is hereby ratified and confirmed.

 

6.           Exhibits
Incorporated. Each exhibit attached to and/or referred to in the PSA or this Amendment is hereby incorporated by reference
as though set forth in full where referred to herein.

 

7.           Counterparts.
This Amendment may be signed in counterparts, each of which shall be deemed an original and all of which when taken together
shall constitute one instrument.

 

8.           Captions;
Governing Law. The captions contained in this Amendment are for convenience of reference only, and do not limit or enlarge
the terms and conditions of this Amendment. This Amendment and the PSA, and the rights and obligations of the parties hereto and
thereto, shall be interpreted, construed, and enforced in accordance with the laws of the State of Georgia.

 

9.           Entire
Agreement; Modifications. The PSA, as modified by this Amendment, constitutes the entire agreement between Purchaser
and Seller with respect to the subject matter contemplated hereunder.

 

10.           Authority.
Each person signing this Amendment warrants and represents that he or she has the requisite authority and ability to enter
into this Amendment and to bind the party on behalf of which such person is signing.

 

11.           Conflicts.
In the event of any conflict between any of the terms of this Amendment and any of the terms of the PSA, the terms of this
Amendment shall prevail and control.

 

[SIGNATURES ON FOLLOWING PAGES]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties have caused
this Amendment to be executed by their duly authorized representatives effective as of the day and year first above written.

 

	 	PURCHASER:
	 	 
	 	T.A.G. ACQUISITIONS LTD.
	 	 	 
	 	By:	/s/ Cheskel
    Meisels
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the
parties have caused this Amendment to be executed by their duly authorized representatives effective as of the day and year first
above written.

 

	 	SELLER:
	 	 
	 	SBS HOLDINGS AT TALL PINES, LLC
	 	 	 
	 	By:	/s/ Shmuel Wolf
	 	 	Shmuel Wolf
	 	 	Manager

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