Funds Section 1.02(b) Existing
Collateral Management Agreements Section 3.01(a) Filing Section 2.03 Financing
Section 4.04 Fundamental Representations Section 10.05(b) GAAP Section 10.05(b)
GIT Preamble GIT II Preamble GKKL Preamble GKKM Premable GLS Preamble
Governmental Entity Section 2.03 GCC Preamble Green Special Servicing Agreement
Section 10.05(b) Green Termination Agreement Section 1.04(a) Hedge
Counterparties Section 10.05(b) Hedge Counterparty Consents Section 1.04(a)
including Section 10.05(b) Indemnified Party Section 9.05(a) Indemnifying Party
Section 9.05(a) Interest Advances Section 10.05(b) Jameson Loan Section 10.05(b)
Jameson Proceedings Section 10.05(b) Judgment Section 10.05(b) Knowledge Section
10.05(b) Law Section 10.05(b) Lien Section 10.05(b) Losses Section 9.01(a)
Majority of the Controlling Class Section 10.05(b) Notes Valuation Report
Section 10.05(b) Organizational Documents Section 10.05(b) Outside Date Section
7.01(a) Outstanding GLS
Servicing Advance Amount Section 10.05(b) Outstanding
GKKL
Interest Advance Amount Section 10.05(b) Outstanding GKKM Special
Servicing Advance Amount Section 10.05(b) Overall Cap Section 9.01(b) Permitted
Lien Section 10.05(b) Person Section 10.05(b) Proceeding Section 10.05(b)
Purchase Price Section 1.02(a) Purchaser Preamble Purchaser Indemnifying Parties
Preamble Purchaser Indemnitees Section 9.01(a) QRS Section 10.05(b) QRS Corp.
Preamble QRS II Corp Preamble QRS S1 Corp Preamble QRS Subsidiaries Preamble
Rating Agencies Section 10.05(b) Rating Agency Confirmation Section 1.04(a)
Records Section 5.09 REIT Section 3.07
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Related CDO Assets Section 1.06 REO Holdcos Section 3.02 REO Property Section
3.02 Representative Section 10.05(b) Restricted CDO Interests Section 5.10(a)
Retained Assets Section 1.01(f) Retained CDO Interests Section 10.05(b) Retained
Liabilities Section 1.01(f) Scheduled Advances Section 3.06 Scheduled GLS
Servicing Advances Section 3.06 Scheduled GKKL Interest Advances Section 3.06
Scheduled GKKM Special Servicing Advances Section 3.06 SEC Section 10.05(b)
Secured CDO Notes Section 10.05(b) Seller Preamble Seller Indemnifying Parties
Preamble Seller Indemnitees Section 9.02(a) Seller Minority REO Holdco Interests
Section 1.01(h) Servicing Advances Section 10.05(b) Servicing Agreement Section
10.05(b) Servicing Documents Section 3.01(a) Servicing Subordination Agreement
Section 1.04(a) Situs Section 1.04(a) Situs Special Servicing Termination Letter
Section 10.05(b) Special Servicer Section 10.05(b) Special Servicing Agreement
Section 10.05(b) Sub-Special Servicing Agreement Section 10.05(b) Sub-Special
Servicing Termination Letter Section 1.04(a) Subsidiary Section 10.05(b)
Supplemental Indenture Section 1.04(b) Tax Section 10.05(b) Tax Return Section
10.05(b) Taxing Authority Section 10.05(b) Third Party Claim Section 9.05(a)
Transactions Section 1.02(a) Transferred Assets Section 1.01(d) Trustee Section
10.05(b) Unassigned Asset Section 1.06 Wells Fargo Indemnity Letter Section
3.11(d)
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SALE AND PURCHASE AGREEMENT
SALE AND PURCHASE AGREEMENT dated as of January 30, 2013 (this "Agreement"),
among GRAMERCY INVESTMENT TRUST, a Maryland real estate investment trust
("GIT"), GRAMERCY INVESTMENT TRUST II, a Maryland real estate investment trust
("GIT II"), GKK MANAGER LLC, a Delaware limited liability company ("GKKM"),
GRAMERCY LOAN SERVICES LLC, a Delaware limited liability company ("GLS") and GKK
LIQUIDITY LLC, a Delaware limited liability company ("GKKL"; and together with
GIT, GIT II, GKKM and GLS, collectively, the "Sellers" and, individually, a
"Seller"), CWCAPITAL INVESTMENTS LLC, a Massachusetts limited liability company
("Purchaser"), and in each case solely for the purposes of Articles IX and X
hereof, Gramercy Capital Corp., a Maryland corporation ("GCC"; and together with
the Sellers, collectively, the "Seller Indemnifying