AGREEMENT FOR PURCHASE AND SALE OF
REAL PROPERTY AND ESCROW INSTRUCTIONS
This Agreement for Purchase and Sale of Real Property ("Agreement") is entered into this 14th day of December
1999 by and between Go Call Inc., a Delaware corporation ("Seller") and Sevada Holdings, Ltd. IV, a
California limited partnership ("Buyer") at Los Angeles, California.
A. Seller is the owner of the real property commonly know as Margarita Villas and as more fully described in
Exhibit "A" attached hereto and incorporated herein by this reference. The Property is a 21 room hotel in Sosua,
B. The legal descriptions of the real property described in Exhibit "A" is set forth in Exhibit "B" attached hereto
and incorporated herein by this reference.
C. Buyer desires to purchase the property hereinabove described ("Property") from Seller and Seller desires to
sell its Property described hereinabove to Buyer pursuant to the terms and conditions set forth herein.
Now, therefore, in consideration of the mutual covenants and conditions as set forth herein, the parties agree as
1. PURCHASE PRICE. Seller agrees to sell and Buyer agrees to purchase all of Seller's right, title and interest in
and to the Property for an aggregate purchase price of Two Million Dollars ($2,000,000.00). The purchase price
is payable in the form of an 80% limited partnership interest in Buyer as described in Exhibit C hereto.
2. PROPERTY DEFINED. The term "Property" shall include all easements and appurtenances thereto and
improvements situated thereon; any and all fixtures, furniture, equipment, appliances, tools, building materials,
supplies, and other tangible and intangible property and property rights owned by Seller and located on the
Property or relating to the operation of the improvements thereon; all of the right, title and interest of Seller in and
to any and all leases and other agreements with respect to the occupancy of any of the Property together with all
rights, title and interest in