Document:

paxton10ksba123107ex10-18.htm

    
      

      

    

    Exhibit
10.18

     

    Description
of Employment Arrangement between Robert Freiheit and Paxton Energy,
Inc.,

    as
of March 1, 2008.

    

    

    Robert
Freiheit is employed as an officer and director by Paxton Energy, Inc., under a
non-written arrangement whereby Mr. Freiheit is employed on a
month-by-month basis and during 2007 was paid a salary of $8,900 per
month.  This arrangement does not address or contemplate any
termination compensation or other renumeration to Mr. Freiheit beyond such
monthly salary.  Mr. Freiheit is currently not receiving a salary and
will not receive a salary in the future unless approved by the
board.Exhibit 10.1

 

ACKNOWLEDGEMENT AND POST-CLOSING AGREEMENT

 

THIS ACKNOWLEDGEMENT AND POST-CLOSING AGREEMENT (this “Agreement”) is entered into as of
this 19th day of May, 2008 by and between each of the PERSONS IDENTIFIED ON SCHEDULE I HERETO (each a “Borrower,” and together with their
successors and permitted assigns, collectively, “Borrowers”)
and LASALLE BANK NATIONAL ASSOCIATION, a
national banking association (the “Lender”).

 

RECITALS

 

WHEREAS,
In accordance with that certain Loan Agreement dated August 1, 2007, by
and between Lender, certain of the Borrowers and certain other affiliated
entities (the “Mortgage Loan Agreement”)
Lender made a loan to certain of the Borrowers and such affiliated entities in
the original principal amount of One Hundred Eighty Four Million Three Hundred
Thousand and No/100 Dollars ($184,300,000) (the “Mortgage
Loan”), as evidenced by that certain Promissory Note of even
date (the “Mortgage Note”) and secured by
those certain Mortgages, Security Agreements and Fixture Filings of even date
given by Borrowers to Lender (collectively, the “Mortgages”);

 

WHEREAS,
Concurrently with the making of the Mortgage Loan, Lender also made that
certain mezzanine loan to one of the Borrowers, TRT New England Retail Floating
Rate Holdco LLC, a Delaware limited liability company (“Pledgor”),
in accordance with that certain Mezzanine Loan Agreement dated August 1,
2007, by and between Lender and Pledgor (the “Mezzanine
Loan Agreement”) in the original principal amount of Nine
Million Seven Hundred Thousand and No/100 Dollars ($9,700,000.00) (the “Mezzanine Loan”), as evidenced by
that certain Promissory Note of even date (the “Mezzanine
Note”) and secured by that certain Pledge and Security Agreement
of even date (the “Pledge”)
given by Pledgor.  The Mortgage Loan and
the Mezzanine Loan are individually referred to herein as a “Loan” and collectively referred to
herein as the “Loan”;

 

WHEREAS, As of the date hereof the outstanding
principal balance of the Mortgage Loan is ONE HUNDRED FIFTEEN MILLION SEVEN
HUNDRED EIGHTY FIVE THOUSAND TWO HUNDRED EIGHTY SEVEN ($115,785,287).  As of the date hereof the outstanding
principal balance of the Mezzanine Loan is SIX MILLION NINETY THREE THOUSAND
NINE HUNDRED SIXTY ONE ($6,093,961);

 

WHEREAS, Borrowers have agreed to pay and
Lender has agreed to accept prepayment of the Mortgage Loan and Mezzanine Loan
in the amounts (the “Pay-Off Amount”)
set forth in that certain Payoff Statement dated May 19, 2008 (the “Payoff Statement”) attached hereto
as Schedule II in full and complete satisfaction of the Borrowers’ repayment
obligations under the Mortgage Loan and Mezzanine Loan, as applicable.

 

NOW, THEREFORE, in consideration of the mutual
agreements contained herein and for the good and valuable consideration, the receipt
of which is hereby acknowledged, the parties agree as follows:

 

 

AGREEMENT

 

1.             Incorporation
of Recitals and Definitions.  The
Recitals set forth above are hereby incorporated into this Agreement and made a
part hereof by this reference.  Capitalized
terms used in this Agreement and not otherwise defined shall have the meanings
given such terms in the Mortgage Loan Agreement or the Mezzanine Loan
Agreement, as applicable.

 

2.             Prepayment
of Loan and Lender Acknowledgement. 
Each Borrower agrees to pay, with respect to its respective Loan, and
Lender agrees to accept, the Pay-Off Amount in full and complete repayment of
the amounts outstanding under Loan. 
Borrowers shall pay the Pay-Off Amount in accordance with the Payoff
Statement.  Notwithstanding the foregoing
or anything contained to the contrary herein, this Agreement relates to the
settlement of the amounts due and owing under the Loans and shall not be
construed so as to release Borrowers from, or affect in any way, any indemnity
or other obligations in the Loan Documents that, by their terms, expressly
survive repayment of the Loans or release of the Liens of the Mortgages or
Pledge.

 

(a)           Notwithstanding
any provision in the Loan Documents to the contrary, Lender hereby waives any
lock-out period during which the Borrowers are prohibited from prepayment, as
well as the right to seek payment of any Exit Fee or other prepayment
penalties, or other amounts in addition to the Pay-Off Amount which are due
under the Loan.

 

(b)           Upon
receipt of the Pay-Off Amount, Lender shall refund to Borrowers all amounts on
deposit in the Reserve Funds as of the date of Lender’s receipt of the Pay-Off
Amount and agrees to comply with Section 3 of this Agreement.

 

(c)           Upon
receipt of the Pay-Off Amount and thereafter, the terms of the Loan Documents
shall no longer be binding on Borrowers other than the Borrowers’ indemnity or
other obligations in the Loan Documents that, by their terms, expressly survive
repayment of the Loans or release of the Liens of the Mortgages or Pledge.

 

3.             Delivery
of Loan Documents.  Upon receipt of
the Pay-Off Amount, Lender will:

 

(a)           Return
all originals of the Mortgage Note and Mezzanine Note to Borrowers (or their
legal counsel) conspicuously marked “PAID IN FULL” on the front of such notes
along with all other originals of the Loan Documents in Lender’s
possession.  Should Lender fail to so
mark either the Mortgage Note or Mezzanine Note, Lender hereby grants to
Borrower an irrevocable power of attorney, coupled with an interest for the sole
purpose of marking the Mortgage Note or Mezzanine Note in such a manner;

 

(b)           Return
to Borrowers (or its legal counsel) all original membership certificates and
original membership powers delivered in connection with the Pledge; and/or

 

(c)           Execute
a lost note affidavit and indemnity or lost instrument affidavit and indemnity,
as applicable, in such form as Borrowers’ reasonably deem necessary in the
event any of the Mortgage Note or Mezzanine Note are no longer in the Lender’s
possession or have otherwise been lost or destroyed.

 

 

4.             Execution
of Additional Documentation. 
Following receipt of the Pay-Off Amount, but in no event later than June 15,
2008, Lender will promptly execute and deliver appropriate releases and/or
terminations of the Loan Documents prepared by Borrowers at their sole cost and
expense, including releases, satisfactions or terminations, as applicable, of
the Borrowers, any guarantors, the Pledgor (in each case subject to the
survival of any indemnity or other obligations in the Loan Documents that, by
their terms, expressly survive repayment of the Loans or release of the Liens
of the Mortgages or Pledge), all Mortgages, the Pledge, financing statements
and any other Lien evidencing or securing the Loans and such other documents
reasonably requested by Borrower.

 

5.             Construction.  Lender acknowledges and agrees that it has
declined to be represented by counsel in the preparation of this Agreement,
that it is fully aware of this Agreement’s contents and of its legal effect and
that this Agreement shall not be construed against Borrowers as a result
Borrowers preparation of this Agreement.

 

6.             Attorney
Fees.  In the event of any breach of
this Agreement, the non-breaching party shall be entitled to recover from the
other, in addition to any other relief provided by law, such costs and expenses
as may be incurred, including court costs, attorneys’ fees and all other costs
and expenses, taxable or otherwise, reasonably necessary to defend against, or
seek an abatement or injunction against an action or proceeding, or to
establish or maintain the applicability or validity of this Agreement, or any
provision hereof, or to prosecute any counterclaim or cross claim based on any
such action or proceeding.

 

7.             Successors
and Assigns.  This Agreement and all
of the provisions hereof shall be binding upon the Lender and Borrowers, their
respective heirs, successors and assigns.

 

8.             Counterparts
and Facsimile Signature.  This
Agreement may be executed in multiple counterparts and by facsimile signature,
each of which shall constitute a duplicate original, but all of which together
shall constitute one and the same instrument.

 

[SIGNATURES ON FOLLOWING PAGE]

 

 

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

 

	
   

  	
  LENDER:

  
	
   

  	
   

  	
   

  
	
   

  	
  LASALLE BANK NATIONAL
  ASSOCIATION

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
						

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  BORROWER:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TRT ABINGTON LLC,

  	
   

  	
   

  
	
   

  	
  a Delaware limited liability company

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a Delaware limited liability company,

  	
   

  
	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Operating 

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership, its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Trust 

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: John E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Its:      Chief Financial Officer

  
										

 

 

 [SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TRT BROCKTON EASTWAY
  PLAZA LLC,

  	
   

  
	
   

  	
  a Delaware limited liability company

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a Delaware limited liability company,

  	
   

  
	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Operating 

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership, its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Trust 

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: John E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Its:      Chief Financial Officer

  
											

 

 [SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TRT BROCKTON WESTGATE PLAZA LLC,

  	
   

  
	
   

  	
  a Delaware limited liability company

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a Delaware limited liability company,

  	
   

  
	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Operating 

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership, its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Trust 

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: John E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Its:      Chief Financial Officer

  
											

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TRT COHASSET LLC,

  	
   

  
	
   

  	
  a Delaware limited liability company

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a Delaware limited liability company,

  	
   

  
	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Operating 

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership, its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Trust 

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: John E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Its:      Chief Financial Officer

  
											

 

 [SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TRT CRANSTON LLC,

  	
   

  
	
   

  	
  a Delaware limited liability company

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a Delaware limited liability company,

  	
   

  
	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Operating 

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership, its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Trust 

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: John E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Its:      Chief Financial Officer

  
											

 

 [SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TRT HANOVER LLC,

  	
   

  
	
   

  	
  a Delaware limited liability company

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a Delaware limited liability company,

  	
   

  
	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Operating 

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership, its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend Capital Total Realty Trust 

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: John E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Its:      Chief Financial Officer

  
											

 

 [SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  TRT
  HOLBROOK LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT
  New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
       Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Its:       Chief
  Financial Officer

  
								

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  TRT HYANNIS
  LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT
  New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
       Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Its:       Chief
  Financial Officer

  
								

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  TRT
  MANOMET LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT
  New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
       Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Its:       Chief
  Financial Officer

  
								

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  TRT MANSFIELD
  LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT
  New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
       Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Its:       Chief
  Financial Officer

  
								

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  TRT
  MERIDEN LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT
  New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
       Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Its:       Chief
  Financial Officer

  
								

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  TRT NORTH
  HANOVER LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT
  New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
       Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Its:       Chief
  Financial Officer

  
								

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  TRT ORLEANS
  LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT
  New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
       Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Its:       Chief
  Financial Officer

  
								

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  TRT ROCKLAND
  201 MARKET LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT
  New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
       Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Its:       Chief
  Financial Officer

  
								

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  TRT ROCKLAND
  360-372 MARKET LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT
  New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
       Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Its:       Chief
  Financial Officer

  
								

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  TRT WHITMAN
  682 BEDFORD LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT
  New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
       Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Its:       Chief
  Financial Officer

  
								

 

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

 

 

	
   

  	
  TRT WHITMAN
  475 BEDFORD LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  TRT
  New England Retail Floating Rate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Its:       Chief
  Financial Officer

  
								

 

 

	
   

  	
  PLEDGOR:

  
	
   

  	
   

  
	
   

  	
  TRT NEW
  ENGLAND RETAIL FLOATING RATE 

  HOLDCO LLC,

  
	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  DCTRT
  Real Estate Holdco LLC,

  
	
   

  	
   

  	
  a
  Delaware limited liability company,

  
	
   

  	
   

  	
  its
  sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Operating

  Partnership LP, a Delaware limited

  
	
   

  	
   

  	
   

  	
  partnership,
  its sole member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Dividend
  Capital Total Realty Trust

  Inc., a Maryland corporation,

  
	
   

  	
   

  	
   

  	
   

  	
  its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Name:  John
  E. Biallas

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
       Its:       Chief
  Financial Officer

  
							

 

 

SCHEDULE I

 

INDIVIDUAL BORROWERS - 
PROPERTIES – ALLOCATED LOAN AMOUNTS

 

	
  Individual Borrower

  	
   

  	
  Individual Property

  	
   

  	
  Org. ID No.

  	
   

  	
  EIN No.

  	
   

  	
  Allocated Loan

  Amount

  	
   

  
	
  TRT
  Abington LLC

  	
   

  	
  371,
  373, 375 & 381

  Centre Ave,

  Abington, MA

  	
   

  	
  4374183

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  5,508,872

  	
   

  
	
  TRT Brockton Eastway

  Plaza LLC

  	
   

  	
  587-607
  Centre St,

  Brockton, MA

  	
   

  	
  4374187

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  2,709,281

  	
   

  
	
  TRT Brockton Westgate

  Plaza LLC

  	
   

  	
  544
  Westgate Dr,

  Brockton, MA

  	
   

  	
  4374188

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  5,719,594

  	
   

  
	
  TRT
  Cohasset LLC

  	
   

  	
  790
  Chief Justice

  Cushing Hwy, Cohasset,

  MA

  	
   

  	
  4374190

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  6,321,656

  	
   

  
	
  TRT
  Cranston LLC

  	
   

  	
  153
  Bald Hill Rd,

  Cranston, RI

  	
   

  	
  4374193

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  2,709,281

  	
   

  
	
  TRT
  Hanover LLC

  	
   

  	
  228,
  272 & 280 Columbia

  Rd, Hanover, MA

  	
   

  	
  4374196

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  3,801,661

  	
   

  
	
  TRT
  Holbrook LLC

  	
   

  	
  778-800 S. Franklin St,

  Holbrook, MA

  	
   

  	
  4374201

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  11,589,704

  	
   

  
	
  TRT
  Hyannis LLC

  	
   

  	
  625
  W. Main St, Hyannis,

  MA

  	
   

  	
  4374204

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  6,502,275

  	
   

  
	
  TRT
  Manomet LLC

  	
   

  	
  709
  State Rd, Manomet,

  MA

  	
   

  	
  4374212

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  5,418,563

  	
   

  
	
  TRT
  Mansfield LLC

  	
   

  	
  377
  Chauncy St,

  Mansfield, MA

  	
   

  	
  4374216

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  11,800,425

  	
   

  
	
  TRT
  Meriden LLC

  	
   

  	
  485
  Broad St, Meriden,

  CT

  	
   

  	
  4374219

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  15,954,656

  	
   

  
	
  TRT North Hanover

  LLC

  	
   

  	
  1271
  Washington St,

  North Hanover, MA

  	
   

  	
  4374227

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  2,107,219

  	
   

  
	
  TRT Orleans LLC

  	
   

  	
  9
  West Rd, Orleans, MA

  	
   

  	
  4374235

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  19,988,475

  	
   

  
	
  TRT Rockland 201

  Market LLC

  	
   

  	
  201
  Market St, Rockland,

  MA

  	
   

  	
  4374239

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  752,579

  	
   

  
	
  TRT Rockland 360-372

  Market LLC

  	
   

  	
  360-372
  Market St,

  Rockland, MA

  	
   

  	
  4374242

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  1,956,704

  	
   

  
	
  TRT Whitman 682

  Bedford LLC

  	
   

  	
  682
  Bedford St,

  Whitman, MA

  	
   

  	
  4374256

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  4,033,819

  	
   

  
	
  TRT Whitman 475

  Bedford LLC

  	
   

  	
  475
  Bedford St,

  Whitman, MA

  	
   

  	
  4374254

  	
   

  	
  20-2675640

  	
   

  	
  $

  	
  8,910,525

  	
   

  
	
  TRT New England

  Retail Floating Rate

  Holdco LLC

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  20-2675640

  	
   

  	
  100%
  of Mezzanine Loan

  	
   

  

 

 

SCHEDULE II

 

PAYOFF STATEMENT

 

(See attached)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]