REAL ESTATE PURCHASE AGREEMENT
THIS REAL ESTATE PURCHASE AGREEMENT (this "Agreement") is made and entered
into as of the Effective Date (as hereinafter defined), by and between WATERTOWER BUSINESS
PARK, LLC , a Florida limited liability company (the "Seller"), and FLORIDA PUBLIC
UTILITIES COMPANY, a Florida corporation ("Purchaser").
W I T N E S S E T H:
WHEREAS, Seller is the fee simple owner of a certain parcel of improved real property
located in Palm Beach County, Florida, defined herein as the "Real Property", together with certain
other rights and interests, all of which are collectively defined herein as the "Property"); and
WHEREAS, Seller desires to sell to Purchaser, and Purchaser desires to purchase from Seller,
the Property upon the terms and conditions hereinbelow set forth.
NOW, THEREFORE , for and in consideration of the payment of TEN and No/100 Dollars
($10.00) in hand paid by Purchaser to Seller, the mutual covenants, premises, and agreements herein
set forth, and for other good and valuable consideration, the receipt, adequacy and sufficiency of which
are hereby expressly acknowledged by the parties hereto, the Seller agrees to sell, and the Purchaser
agrees to purchase, the Property, in accordance with the following terms and provisions:
Recitals . The foregoing recitals are true and correct and are incorporated herein by
Real Property; Property .
The Property, which is to be purchased by Purchaser and conveyed by Seller in
accordance with the terms of this Agreement, includes the Real Property (as defined in subsection B)
together with the other rights and interests described in subsection C, all of which shall be collectively
referred to herein as the "Property".
The real property interests that constitute a part of the Property include the
following (which shall be collectively referred to herein as the "Real Property"):
The lands described on Exhibit "A" attached hereto and by this