Document:

EX-10.P

 

EXHIBIT
10-p

AUGUST 19, 2005

Purchase and Sale Agreement

This Purchase and Sale Agreement (this “Agreement”) is made as of the 24th day of August, 2005
(the “Effective Date”), by and between Rockwell Automation, Inc., a Delaware corporation, formerly
known as “Rockwell International Corporation” (“Seller”) and First Industrial
Acquisitions, Inc., a Maryland corporation (“Buyer”).

In consideration of this Agreement, Seller and Buyer (together, the “Parties”) agree as
follows:

	 	1.	 	Sale of Subject Property.

(a)     Identification of Subject Property. Seller agrees to sell to Buyer, and Buyer agrees to
purchase from Seller, all of Seller’s right, title, and interest in and to the following property
(collectively, “Subject Property”):

          (1)     Land. Fee simple absolute title to such parcels of real property as are depicted, legally
described, or otherwise identified on the Exhibit A attached to and made a part of this
Agreement, together with all of Seller’s right, title, and interest in and to all of the following:
(i) any privileges, profits, easements, interests, or rights that are in any manner appurtenant
thereto; (ii) all of the beds of any streets within or adjoining such real property, up to the
center of such beds; and (iii) all awards for any future taking or condemnation affecting such real
property or affecting street beds to which the owner of such real property is entitled; all of
which collectively shall be referred to as the “Land”;

          (2)     Improvements. All buildings and other improvements and fixtures located, as of the
Effective Date, upon the Land, including, without limitation, all of Seller’s right, title, and
interest in and to the following: (i) any mechanical systems structurally incorporated into such
buildings, improvements, or fixtures (such as heating and air conditioning, mechanical, electrical,
and plumbing systems); (ii) any facilities used to provide any utility service, ventilation, or
municipal services to such buildings, improvements, or fixtures (including, without limitation, all
water, sewer, gas, electricity, and other utility pipes and lines and all other facilities therein
or appurtenant thereto); and (iii) any and all shrubbery and plantings forming a part thereof, all
of which included items shall collectively be referred to as the “Improvements”; and

          (3)     Replacements. All repairs, refurbishments, additions, supplements, and replacements to
the Improvements made between the Effective Date and the Closing Date (as defined below), all of
which included items shall collectively be referred to as the “Replacements.”

(b)     Transfer of Subject Property by Related Entities. Buyer understands that all or part of
the Subject Property may be titled in various subsidiaries or affiliates (whether one or more, the
“Related Entities”) of the Seller. In all such instances, Seller shall cause the

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appropriate Related Entities to convey their interests to Buyer pursuant to the terms of this
Agreement.

(c)     Property not Conveyed. The Parties agree, and Buyer hereby expressly acknowledges, that
the definition of “Subject Property” set forth in this Section 1 is not intended to include, and
thus that Seller shall not transfer to Buyer (whether at Closing or otherwise), either (i) any
tangible personal property of Seller (save only for such Due Diligence Documents as may be in
Seller’s possession or under its control on the Closing Date), or (ii) any intangible property of
Seller. Accordingly, this Agreement shall not govern any interest of Seller whatsoever in any of
the following, whether located (on the Effective Date or on the Closing Date) in or upon the
Subject Property or located (on the Effective Date or on the Closing Date) elsewhere in
contemplation of delivery to the Subject Property: any machinery, equipment, trade fixtures,
furnishings, parts, tools, engineering and yard drawings, or other items of tangible or intangible
personal property; any work in process; any inventory held for use or resale; and any raw
materials, finished product, supply, packaging items, business-related signage, or similar items
with respect to the business conducted by the Seller at or from the Subject Property.

	 	2.	 	Purchase Price.

(a)     Price. Buyer shall pay to Seller at Closing, as consideration for Buyer’s purchase of the
Subject Property, the sum (in United States Dollars) indicated as the “Total Purchase Price” on the
Exhibit B attached to and made a part of this Agreement (“Purchase Price”). The Parties
further hereby agree that such Purchase Price shall be allocated among the discrete fee simple
absolute estates comprising the Subject Property according to the schedule set forth on the
Exhibit B attached to and made a part of this Agreement.

(b)     Earnest Money. Within two (2) days after the Effective Date, Buyer shall deposit the sum
of Five Million and No/100 United States Dollars (USD 5,000,000.00)
(“Original Earnest Money”) with
Chicago Title Insurance Company, a Missouri corporation (“Title Company”). Furthermore,
within two (2) days after the earlier to occur of (i) Buyer’s waiver or satisfaction of all due
diligence conditions set forth in Section 4 of this Agreement or (ii) passage of the Contingency
Date under this Agreement, Buyer shall deposit the sum of Two Million Five Hundred Thousand and
No/100 United States Dollars (USD 2,500,000.00) (“Additional Earnest Money”) with the Title
Company. The Original Earnest Money and the Additional Earnest Money (together, the “Earnest
Money”) shall be deposited in an interest-bearing escrow account with the Title Company to be held
in a joint order escrow to be entered into between Seller and Buyer with Escrowee pursuant to an
Earnest Money Escrow Agreement in the form set forth on the Exhibit C attached to and made
a part of this Agreement (the “Escrow Agreement”). The Earnest Money shall be credited against the
Purchase Price at Closing, or, if not so credited, otherwise disbursed according to the terms of
the Escrow Agreement. Any interest earned on the Earnest Money shall belong to Buyer.

	 	3.	 	Title and Survey.

(a)     Delivery. Buyer’s obligation to consummate the transaction contemplated by this Agreement
shall be subject to Buyer’s review of certain Commitments, Title Documents,

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and
Surveys, as set forth in this Section. Accordingly, before 5:00 p.m. CDT on September 23,
2005, Seller shall furnish to Buyer (or cause to be delivered to Buyer) the following materials:

          (1)     Title Commitments. Current commitments (altogether, the “Commitments”) from the Title
Company to issue an owner’s policy of title insurance (ALTA Form B-1992, revised 10-17-92) for
each discrete legal parcel of the Subject Property (such policies, as issued, together with all
Endorsements required under Section 9 of this Agreement, being known under this Agreement as the
“Title Policies”), which Commitments shall show fee simple absolute title in and to all Subject
Property to be vested in Seller (or in one of the Related Entities), and which Commitments shall
respectively further state insured amounts that match, on a parcel-by-parcel basis, the allocation
schedule set forth on Exhibit B to this Agreement;

          (2)     Title Documents. Copies of all documents identified in the respective Schedules B-II of
the Commitments as non-standard exceptions to the proposed coverages of the Title Policies (“Title
Documents”); and

          (3)     Surveys. Current surveys of all Subject Property (“Surveys”), which Surveys shall be
certified to Buyer, Seller, and the Title Company with the form of certification set forth on
Exhibit D attached to and made a part of this Agreement.

(b)     Defects. If the Commitments or Title Documents shall show any exception(s) to title other
than the exceptions that are specifically listed on the Exhibit E attached to and made a
part of this Agreement (altogether, the “Listed Encumbrances”), or if the Surveys shall disclose
any condition (other than a Listed Encumbrance) that is not reasonably satisfactory to Buyer, then
Buyer may notify Seller, before 5:00 p.m. CDT on October 7, 2005 (the “Disapproval Deadline”), of
any such exceptions and/or conditions to which Buyer objects (individually a “Disapproved Matter”
and collectively the “Disapproved Matters”). Any condition(s) disclosed on the Commitments, Title
Documents, or Surveys and not objected to by Buyer in writing as a Disapproved Matter by the
Disapproval Deadline shall be deemed a Permitted Encumbrance under this Agreement.

          (1)     Financial Disapproved Matters. Any Disapproved Matter that may be removed by Seller’s
payment of a sum certain (i) that is stated by the pertinent Listed Encumbrance or (ii) that may be
determined by reference to the source instrument that created the obligation secured by the Listed
Encumbrance (in each instance, individually a “Financial Disapproved Matter” and collectively the
“Financial Disapproved Matters”) shall be addressed either (w) by Seller’s applying the Purchase
Price first to the payment of such sum(s) certain on the Closing Date or (x) by Seller’s securing,
at its expense, an endorsement (in form reasonably acceptable to Buyer) to the Title Policies
removing or insuring over such Financial Disapproved Matter(s).

          (2)     Nonfinancial Disapproved Matters. As to every Disapproved Matter that is not a Financial
Disapproved Matter (individually a “Nonfinancial Disapproved Matter” and collectively the
“Nonfinancial Disapproved Matters”), Seller shall, between receipt of Buyer’s written notice of
Disapproved Matters and the Closing Date (as postponed, if at all, pursuant to the terms of this
Agreement) exercise good faith efforts to either (i) cause the

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Title Company to remove from the Commitments and the Surveys, at Seller’s sole expense, every such
Nonfinancial Disapproved Matter, or (ii) obtain, at Seller’s sole expense, an endorsement (in form
reasonably acceptable to Buyer) to the pertinent Commitment(s) providing affirmative title
insurance coverage reasonably acceptable to Buyer insuring against the effect of every such
Nonfinancial Disapproved Matter.

                    (A)     When all Nonfinancial Disapproved Matters shall be so removed or endorsed over and all
Financial Disapproved Matters shall have been addressed in accordance with Section 3(b)(1), above,
then Buyer’s title and survey objections noticed under this Section 3 shall be deemed fully
satisfied, the date of which satisfaction shall be the later to occur of (i) the date on which the
last of the then-outstanding Nonfinancial Disapproved Matters is so removed or (ii) the date on
which the Title Company issues an endorsement (in form reasonably satisfactory to Buyer) to the
relevant Commitment(s) removing or insuring over the last of the then-outstanding Nonfinancial
Disapproved Matters.

                    (B)     If all Nonfinancial Disapproved Matters shall not then be so removed or endorsed over,
Seller shall provide to Buyer, in a notice delivered to Buyer not less than two (2) nor more than
four (4) days before the Closing Date, an itemized list of such Nonfinancial Disapproved Matters as
have not, on the date of such notice, been so removed and endorsed over (individually an “Uncured
Title Matter” and collectively the “Uncured Title Matters”), identifying with such itemization all
discrete parcels of the Subject Property as then remain subject to Uncured Title Matters (the
“Postponed Parcel(s)”). On the Closing Date, Seller shall also

                      (i) As to all of the Subject Property other than the Postponed Parcel(s), complete
Closing as required under this Agreement; and

                      (ii) As to the Postponed Parcel(s), deliver to Buyer a written notice (a “Postponed
Parcel Notice”) of Seller’s election (in Seller’s sole discretion): (w) to postpone the
Closing Date as to one or more identified Postponed Parcel(s) to a specified date (the
“Postponed Closing Date”) not later than November 18, 2005; and/or (x) to remove one or more
identified Postponed Parcel(s) from the Subject Property under this Agreement (individually
an “Eliminated Postponed Parcel” and collectively the “Eliminated Postponed Parcels”).

Seller shall deliver a Postponed Parcel Notice with respect to every Postponed Parcel, and in its
Postponed Parcel Notice shall elect either of (w) or (x), above, with respect to each Postponed
Parcel.

                    (C)     As to the Eliminated Postponed Parcel(s), Buyer may elect, by delivering written notice
(a “Postponed Parcel Waiver Notice”) of such election to Seller within three (3) days after
Seller’s delivery of the Postponed Parcel Notice, to consummate Buyer’s acquisition, pursuant to
the terms of this Agreement, of any one or more Eliminated Postponed Parcels, which Eliminated
Postponed Parcel(s) to be so acquired (individually a “Restored Postponed Parcel” and collectively
the “Restored Postponed Parcels”) shall be specifically identified by Buyer in the Postponed Parcel
Waiver Notice. (If Buyer’s Postponed

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Parcel Waiver Notice shall not state Buyer’s election to consummate Buyer’s acquisition of all
Eliminated Postponed Parcels, then Seller’s election under (x), above, shall continue to apply to
those of the Eliminated Postponed Parcels not specified by Buyer as Restored Postponed Parcels,
whereupon neither Party shall have any further obligations hereunder with respect to any Eliminated
Postponed Parcel(s) not so specified as Restored Postponed Parcels, save only for such obligation
and liabilities as may expressly survive the termination of this Agreement.) The transfer of the
Restored Postponed Parcel(s) shall be closed on the Postponed Closing Date—or, if Seller shall not
have identified a Postponed Closing Date in its Postponed Parcel Notice, on a date mutually agreed
between Buyer and Seller, which date shall be no later than November 18, 2005—without any
reduction in the aggregate Purchase Price allocated (as specified on the attached Exhibit
B) to the Restored Postponed Parcels, according to the terms of Section 9 of this Agreement.
Buyer shall then take all Restored Postponed Parcels subject to all Uncured Title Matters
encumbering such Restored Postponed Parcels as of the Closing Date, which Uncured Title Matters
shall be considered additional Permitted Exceptions for which Seller shall have neither any further
obligation whatsoever nor any liability whatsoever for any loss, damage, or diminution in value
arising with respect to such Uncured Title Matters.

                    (D)     As to all Postponed Parcel(s) other than the Restored Postponed Parcel(s) and the
Eliminated Postponed Parcel(s), Seller shall, between delivery of the Postponed Parcel Notice and
the Postponed Closing Date, make reasonable and diligent efforts to cause the Title Company to
remove or endorse over all Uncured Title Matters affecting the identified Postponed Parcel(s), and
Seller and Buyer shall, on the Postponed Closing Date, immediately complete closing, according to
the terms of Section 9 of this Agreement, on all of the Postponed Parcel(s) as to which no Uncured
Title Matters then remain. If Seller shall not, despite its reasonable and diligent efforts, cause
the Title Company, by the Postponed Closing Date, to remove or endorse over (in form reasonably
satisfactory to Buyer) all Uncured Title Matters concerning the Postponed Parcel(s), then Seller
may elect, in Seller’s sole discretion and on written notice to Buyer (a “Final Postponement
Notice”) delivered on the Postponed Closing Date, either (y) to remove from the Subject Property
under this Agreement such Postponed Parcel(s) as shall remain subject to any Uncured Title Matter
on the Postponed Closing Date, or (z) to not remove from the Subject Property under this Agreement
such Postponed Parcel(s) as shall then remain subject to any Uncured Title Matter. Buyer shall
have three (3) days after delivery of the Final Postponement Notice to elect, at its option, and as
its sole remedy hereunder, either (aa) to terminate this Agreement as to such Postponed Parcel(s)
as then remain subject to any Uncured Title Matter, whereupon neither Party shall have any further
obligations hereunder with respect to such Postponed Parcel(s), save only for such obligation and
liabilities as may expressly survive the termination of this Agreement, or (bb) to waive the
requirement that Seller cause the Title Company to remove or endorse over such Uncured Title Matter
and, no later than November 30, 2005, to complete Closing on such Postponed Parcel(s) without any
reduction in the aggregate Purchase Price allocated (as specified on the attached Exhibit
B) to those Postponed Parcel(s); provided that, if Buyer shall not, within the pertinent three
(3) day notice period, provide Seller with written notice of Buyer’s electing one of the listed
options with respect to each of the Postponed Parcels as to which Uncured Title Matters remain
outstanding, then Buyer shall irrevocably be deemed to have agreed to accept title to the pertinent
Postponed Parcel(s) subject to every Uncured Title Matter remaining on the Commitments and Surveys,
and

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shall complete Closing on all such Postponed Parcels by November 30, 2005 without any reduction in
the aggregate Purchase Price allocated (as provided on the attached Exhibit B) to the
Postponed Parcels, all Uncured Title Matters thereafter being considered additional Permitted
Exceptions for which Seller shall have neither any further obligation whatsoever nor any liability
whatsoever for any loss, damage, or diminution in value arising with respect to such Uncured Title
Matters.

          (3)     Modification with Respect to Postponed Parcel(s). If Seller shall at any time exercise
any right under this Agreement to remove any Postponed Parcel(s) from the Subject Property under
this Agreement (and Buyer does not timely elect to instead proceed to acquire such Postponed
Parcel(s) subject to whatever Uncured Title Matters then encumber it), or if Buyer shall at any
time exercise any right hereunder to terminate this Agreement as to any Postponed Parcel(s), then
the Parties shall timely execute a written modification to this Agreement, which modification shall
(i) appropriately modify the depictions, legal descriptions, and other identifications set forth on
the attached Exhibit A to this Agreement, and (ii) reduce the Purchase Price (or, in the
case of a delay in closing as to any Postponed Parcel(s), the then-outstanding portion thereof) by
a sum equal to the amount of the Purchase Price allocated, on the attached Exhibit B, to
the Postponed Parcel(s) so removed.

	 	4.	 	Buyer’s Due Diligence.

(a)     Document Review.

          (1)     Seller shall on the Effective Date commence diligent efforts (which efforts shall continue
through, and be completed by, the fourteenth (14th) day after the Effective Date) to
make available to Buyer, for review at reasonable times up to and including the earlier to occur of
the Contingency Date or Disapproval Deadline, complete copies of such documents and materials as
Seller may actually maintain, and as shall be reasonably available to Seller, from among those
listed on the Exhibit G attached to and made a part of this Agreement (altogether, to the
extent required of Seller to be made available, the “Due Diligence Documents”). Such Due Diligence
Documents shall be provided to Buyer, in paper and/or electronic format, for Buyer’s review at one
or more secured locations specified by Seller; if Buyer shall wish to have Buyer’s own photocopies
or paper-based reproductions of Due Diligence Documents so provided, Buyer shall provide to Seller,
before the Disapproval Deadline, one or more lists of Due Diligence Documents to be photocopied or
reproduced, and Seller shall thereafter promptly provide to Buyer such photocopies or
reproductions, subject only to Buyer’s expressed agreement to reimburse Seller for Seller’s actual
and documented out-of-pocket expenses incurred in producing such photocopies and reproductions.
Buyer acknowledges that Seller may or may not maintain records of every type listed on the attached
Exhibit G, and thus agrees that Seller shall have no obligation whatsoever to create, begin
to maintain, or deliver or make available to Buyer pursuant to this Section 4(a) any documents or
materials other than those that have been or are maintained by Seller in the ordinary course of
Seller’s business.

          (2)     Without in any other way modifying Seller’s obligations under Section 4(a)(1) of this
Agreement, and without in any way modifying Buyer’s covenants and obligations under this Agreement
(including, without limitation, Buyer’s covenants and

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obligations under Section 20(a) of this Agreement) with respect to the Due Diligence
Documents, Seller specifically hereby agrees, as part of Seller’s diligent efforts under Section
4(a)(1), above, as follows: that Seller, within five (5) days after the Effective Date, shall
transmit to Buyer in electronic format complete copies of such documents and materials as Seller
may actually maintain, and as shall be reasonably available to Seller, from among (as contemplated
under item 5 of the Exhibit G attached to and made a part of this Agreement ) “any and all
written, third-party reports and data, and of any agency correspondence received by Seller within
two (2) years immediately preceding the Effective Date, regarding soil conditions, ground water,
wetlands, underground storage tanks, subsurface conditions and/or other environmental or physical
conditions relating to the Subject Property, in Seller’s possession or control.”

(b)     Inspections and Testing. When, after the Effective Date, Buyer shall deliver to Seller a
duly executed copy of a Temporary Access Agreement in the form set forth on the Exhibit H
attached to and made a part of this Agreement, Buyer and Buyer’s contractors shall thereafter have
the right to enter upon the Subject Property at all reasonable times between the Effective Date and
the Contingency Date to perform such inspections and assessments of the Subject Property as Buyer
may deem reasonably necessary to satisfy Buyer with respect to the physical condition of the
Subject Property. Notwithstanding the foregoing, however, Buyer’s right to inspect and test the
Subject Property under this Agreement shall be subject to the following conditions: (i) that Buyer
shall notify Seller in writing at least twenty-four (24) hours before conducting any such
inspections or tests; (ii) that Buyer and its agents, representatives, consultants, and employees
shall, when conducting any such inspections or tests upon the Subject Property, at all times be
accompanied by an employee or authorized agent of Seller (which employee or agent shall be made
regularly and readily available for such purpose); (iii) that Buyer shall, promptly upon completing
any inspections and tests hereunder, restore at its sole expense any part of the Subject Property
altered or disturbed by such inspections and tests to the condition that existed before any such
inspections or testing; (i) that Buyer shall not collect samples of materials from the Subject
Property without Seller’s prior written consent, which consent shall not be unreasonably withheld
or delayed; (v) that Buyer shall keep the results and analysis of any evaluation, testing,
inspection, or assessment strictly in confidence; and (vi) that each of the terms and obligations
under this Section 4(b), together with all terms and obligations of any Temporary Access Agreement
signed by Seller, shall expressly survive any termination of this Agreement and any Closing of the
transaction contemplated by this Agreement.

          (1)     Buyer’s rights under this Section 4 shall include the right to conduct non-invasive
physical inspections of, and to conduct so-called “Phase I” environmental site assessments with
respect to, the Subject Property.

          (2)     Buyer’s rights under this Section 4 shall also include the right, with Seller’s written
consent (which consent Seller shall not unreasonably withhold, condition, or delay), to conduct
so-called “Phase II” environmental assessments (the “Phase II Assessments”) with respect to the
Subject Property, provided, however, that such right shall in every instance be expressly subject
to the following conditions: (i) that, in addition to Buyer’s employees, Buyer may engage, as its
agent(s), representative(s), and consultant(s) for inspections and tests permitted under this
Section 4(b), only one or more of the firms listed on the Exhibit F attached to and made a
part of this Agreement (the “Authorized Consultants”); (ii) that Buyer and Seller

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shall each designate a single employee to be responsible for coordinating Buyer’s completion
of the desired Phase II Assessments; and (iii) that every contract for a desired Phase II
Assessment shall expressly (aa) provide that Buyer alone shall be responsible for all payments and
financial obligations of every kind arising under such contract and (bb) notify all Authorized
Consultants supplying materials or labor with respect to such contract that they shall have no
right to lien either Seller or the Subject Property for any obligation arising under such contract.
The Parties thus agree that Seller’s refusal to consent to Buyer’s conducting a Phase II
Assessment with respect to any one or more discrete parcels of the Subject Property shall
necessarily not be deemed unreasonable if such refusal is based on Buyer’s failure to satisfy any
of the conditions listed above.

          (3)     Before commencing a Phase II Assessment with respect to any discrete parcel of the Subject
Property (a “Proposed Phase II Assessment”), Buyer shall submit to Seller such materials as shall
fairly summarize the scope and detail of the work intended with respect to such Proposed Phase II
Assessment. Seller shall review the summary materials submitted by Buyer and shall promptly either
(i) deliver to Buyer written notice of Seller’s consent to the Proposed Phase II Assessment or (ii)
inform Buyer of Seller’s denial of such consent, and the reasons for such denial, after which the
Parties shall negotiate, promptly and in good faith, for such modifications to the Proposed Phase
II Assessment as shall be a predicate to Seller’s consent to the Proposed Phase II Assessment. If,
however, after the good faith negotiations contemplated under this Section 4(b)(3), Buyer wishes to
conduct any Proposed Phase II Assessment pursuant to a scope of work beyond a scope mutually agreed
between Buyer and Seller, then either Party shall have the right to terminate this Agreement by
delivering written notice of such termination to the other Party before the Contingency Date.

          (4)     Buyer’s Phase II Assessments shall not vary materially from the scope and detail consented
to by Seller under Section 4(b)(3), above, and Buyer shall provide all test results, reports, and
other data generated by the Phase II Assessments to Seller promptly upon Buyer’s receiving (or, if
it be the case, creating) the same. If the results of any Phase II Assessment indicate or evidence
any or all of (x) a Release having occurred at any portion(s) of the Subject Property; (y) a
Hazardous Condition existing at any portion(s) of the Subject Property; or (z) any violation of
Environmental Law existing at any portion of the Subject Property (in each instance, an
“Environmental Condition”), then the Parties shall thereafter negotiate, promptly and in good
faith, during any period remaining up to and including the Contingency Date for a mutually
satisfactory resolution that shall address all Environmental Conditions.

(c)     Buyer’s Due Diligence Condition. Buyer’s obligation to consummate the transaction
contemplated by this Agreement shall be subject to Buyer’s finding satisfactory both its review of
the Due Diligence Documents under Section 4(a) of this Agreement and its evaluations, testing,
inspections, and assessments under Section 4(b) of this Agreement.

          (1)     If Buyer shall not be satisfied with either or both of (i) its review of the Due Diligence
Documents under Section 4(a) of this Agreement or (ii) its evaluations, testing, inspections, and
assessments under Section 4(b) of this Agreement, Buyer may, no later than 5:00 p.m. CDT on the
forty-fifth (45th) day after the Effective Date (the “Contingency

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Date”), terminate this Agreement by giving written notice (a “Termination Notice”) to Seller
of Buyer’s election to do so. Buyer’s Termination Notice shall be accompanied by a written
statement identifying the bases under Sections 4(a) and 4(b) upon which Buyer is terminating this
Agreement, though it shall be expressly understood and agreed that Seller shall have no right to
challenge the bases identified under Sections 4(a) and 4(b) for Buyer’s termination, as set forth
in the Termination Notice.

          (2)     If a Termination Notice timely delivered by Buyer shall certify to Seller that Buyer’s
election to terminate this Agreement is based upon both (i) the existence of a documented
Environmental Condition, and (ii) the failure of the Parties to negotiate (as required under
Section 4(b)(3) of this Agreement) a mutually satisfactory resolution that shall address all
Environmental Conditions, then (A) Buyer shall promptly deliver to Seller a complete copy of the
environmental engineering report(s) issued to Buyer and advising of the existence of such
Environmental Conditions (“Environmental Reports”), and (B) Seller shall reimburse Buyer for the
reasonable out-of-pocket costs that Buyer shall have actually incurred in order to perform any
Phase II Assessment at those portions of the Subject Property at which the Environmental Conditions
exist and to procure the Environmental Reports. The reimbursement required under (B) above shall
be made within ten (10) days after Buyer delivers to Seller both the Environmental Reports and the
billing statement(s) from the environmental engineer(s) that performed the pertinent Phase II
Assessments and prepared the Environmental Reports. Buyer acknowledges and agrees that the
Environmental Reports shall constitute a portion of the Confidential Information and shall be
governed by the terms of Section 20(a) of this Agreement. The foregoing obligations of (A) and (B)
shall survive any termination of this Agreement.

          (3)     Upon Seller’s receiving a Termination Notice in the form contemplated by Section 4(c)(1),
the Earnest Money shall be returned to Buyer and neither Party shall have any further liability to
the other hereunder (except as specifically provided in this Agreement). If Buyer fails to timely
give such written notice to Seller by 5:00 p.m. CDT on the Contingency Date, Buyer shall be deemed
to have fully waived and satisfied Buyer’s condition under this Section 5(c), the Additional
Earnest Money shall be payable in accordance with Section 2 of this Agreement, and all Earnest
Money shall then (subject only to the provisions of Section 11 of this Agreement and to the
satisfaction or waiver, by Buyer, of all of Buyer’s conditions set forth in Section 15(b), below)
become nonrefundable to Buyer.

	 	5.	 	Approval by Seller’s Board.

(a)     Seller’s Resolution Condition. Seller’s obligation to consummate the transaction
contemplated by this Agreement shall be subject to Seller’s board of directors approving, no later
than 5:00 p.m. CDT on September 16, 2005, a formal resolution (the “Resolution”) that provides
substantially as follows:

          (1)     That Seller is authorized to sell or cause to be sold the Subject Property as set forth in
this Agreement, and to leaseback the Subject Property to Seller (or an affiliated entity) on
substantially the terms provided in the form of Lease Agreement set forth on the Exhibit I
attached to and made a part of this Agreement (the “Form Lease”); and

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          (2)     that Seller is authorized to take or cause to be taken such action or actions and to
execute and deliver or cause to be executed and delivered such instruments, certificates, and other
documents, as may be appropriate to carry out the purposes and intent of the foregoing resolution,
including, without limitation, the negotiation, execution, and delivery of agreements (including,
without limitation, the Leases) providing for the sale and back of the Subject Property and other
agreements in connection therewith, in each case containing such terms and conditions as may be
appropriate.

(b)     Return of Materials and Reimbursement. If the Resolution shall not be approved by
Seller’s board of directors by 5:00 p.m. CDT on September 16, 2005, then (i) this Agreement shall
automatically be null and void, and hence of no further force or effect, and (ii) Seller shall
reimburse Buyer for the reasonable out-of-pocket costs that Buyer shall have actually incurred from
and after the Effective Date in exercising Buyer’s rights of inspection, review, and testing under
Sections 4(a) and 4(b) of this Agreement. Such required reimbursement shall be made within ten
(10) days after Buyer delivers to Seller all reports and materials of every kind received by Buyer
in connection with Buyer’s exercising Buyer’s rights under Section 4 of this Agreement , together
with written billing statement(s) from all third parties prepared such reports or materials on
Buyer’s behalf. Buyer acknowledges and agrees that all such reports and materials shall constitute
a portion of the Confidential Information and shall be governed by the terms of Section 20(a) of
this Agreement. The foregoing obligations of this Section 5(b) shall survive any termination of
this Agreement.

	 	6.	 	Representations and Warranties.

(a)     By Seller. Seller represents and warrants to Buyer that all of the following are true and
correct on and as of the Effective Date, shall continue to be true and correct as of the Closing,
and shall survive Closing and the recording of the Deeds (defined below) for a period of ninety
(90) days after Closing:

          (1)     Seller is a duly organized corporation validly existing under the laws of the State of
Delaware; Seller has the requisite power and authority to enter into and perform this Agreement;
Seller’s Closing Documents (as defined in Section 9(a) hereof) have been or will be duly authorized
by all necessary action on the part of Seller and have been or will be duly executed and delivered;
execution, delivery, and performance by Seller of such documents will not conflict with or result
in a violation of Seller’s organizational documents, or of any judgment, order, or decree of any
court or arbiter to which Seller is a party; such documents are valid and binding obligations of
Seller, and are enforceable against Seller in accordance with their terms, subject to applicable
bankruptcy, insolvency, reorganization, creditor’s rights, and other similar laws and subject to
any consents that may be required from any third parties.

          (2)     Seller is not a “foreign person,” “foreign partnership,” “foreign trust,” or “foreign
estate” as those terms are defined in Section 1445 of the Internal Revenue Code.

10

 

          (3)     There is no action, litigation, condemnation, or proceeding of any kind pending against
Seller that would have a material and adverse affect on either or both of (i) the ability of Seller
to perform its obligations under this Agreement, and (ii) the continuing operation of the Subject
Property in the manner in which it is operated as of the date of this Agreement.

          (4)     Excepting only this Agreement, Seller is not a party to any contract, agreement, or
commitment to sell, convey, assign, transfer, provide rights of first refusal, or other similar
rights or otherwise dispose of any portion or portions of the Subject Property.

          (5)     To Seller’s Knowledge, the Due Diligence Documents supplied to Buyer pursuant to this
Agreement are, except as expressly otherwise disclosed in writing by Seller when supplied to Buyer,
complete copies of all Due Diligence Documents in Seller’s possession.

          (6)     To Seller’s Knowledge, Seller has not, except as may be disclosed by the Due Diligence
Documents, received written notice of any zoning, subdivision, environmental, building code,
health, or fire safety violation from any Governmental Authority.

          (7)     To Seller’s Knowledge, Seller has not, except as may be disclosed by the Due Diligence
Documents, received any written notice of levy of special assessments of any nature with respect to
the Subject Property or any part thereof, nor any written notice of any special assessments being
contemplated with respect to the Subject Property.

          (8)     To Seller’s Knowledge, except as actually disclosed by any Due Diligence Documents or by
any physical inspection of the Subject Property conducted by Buyer under Section 4 of this
Agreement (including, without limitation, any so-called “Phase I” environmental site assessments
and any Phase II Assessments):

                    (A)     There have been no past, and Seller has not received any written notice of any pending or
threatened: (a) claims, complaints, notices, correspondence or requests for information received
by Seller with respect to any violation or alleged violation of any Environmental Law or
Environmental Permit or with respect to any corrective or remedial action for or cleanup of the
Subject Property or any portion thereof, and (b) written correspondence, claims, complaints,
notices, or requests for information from or to Seller regarding any actual, potential or alleged
liability or obligation under or violation of any Environmental Law or Environmental Permit with
respect to the Subject Property or any portion thereof; and

                    (B)     Seller has not received, and does not have in its possession or control, any written
notice alleging or advising the existence of any PCBs or friable or damaged asbestos at the Subject
Property; Seller has not removed (or required or requested the removal of) any PCBs or damaged or
friable asbestos from the Subject Property; and there have never been any PCBs or damaged or
friable asbestos at the Subject Property.

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(b)     By Buyer.

          (1)     Buyer represents and warrants to Seller that the following are true and correct on and as
of the Effective Date and shall continue to be true and correct as of the Closing: (i) Buyer is a
duly organized corporation validly existing and in good standing under the laws of the State of
Maryland; (ii) Buyer has the requisite power and authority to enter into this Agreement (including,
without limitation, the Earnest Money Escrow Agreement attached as Exhibit C, the Temporary
Access Agreement attached as Exhibit H and the Lease Agreement attached as Exhibit
I); (iii) Buyer’s Closing Documents (as defined in Section 9(b) hereof) have been or will be
duly authorized by all necessary action on the part of Buyer and have been or will be duly executed
and delivered; (iv) the execution, delivery and performance by Buyer of such documents will not
conflict with or result in violation of Buyer’s organizational documents or any judgment, order or
decree of any court or arbiter to which Buyer is a party; and (v) such documents are valid and
binding obligations of Buyer, and are enforceable against Buyer in accordance with their terms,
subject to applicable bankruptcy, insolvency, reorganization, creditor’s rights and other similar
Laws and Regulations.

          (2)     Buyer represents and warrants to Seller (i) that, to Buyer’s Knowledge, Buyer is in
compliance with the requirements of Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001)
(the “Order”) and other similar requirements contained in the rules and regulations of the Office
of Foreign Assets Control, Department of the Treasury
(“OFAC”) and in any enabling legislation or
other Executive Orders or regulations in respect thereof (the Order and such other rules,
regulations, legislation, or orders are collectively called the “Orders”), and (ii) that, to
Buyer’s Knowledge, neither Buyer nor any beneficial owner of Buyer:

                    (A)     is listed on the Specially Designated Nationals and Blocked Persons List maintained by
OFAC pursuant to the Order and/or on any other list of terrorists or terrorist organizations
maintained pursuant to any of the rules and regulations of OFAC or pursuant to any other applicable
Orders (such lists are collectively referred to as the “Lists”);

                    (B)     is a person who has been determined by competent authority to be subject to the
prohibitions contained in the Orders;

                    (C)     is owned or controlled by, nor acts for or on behalf of, any person or entity on the Lists
or any other person or entity who has been determined by competent authority to be subject to the
prohibitions contained in the Orders; or

                    (D)     shall transfer or permit the transfer of any interest in Buyer or any beneficial owner in
Buyer to any person or entity who is, or any of whose beneficial owners are, listed on the Lists.

Buyer further hereby covenants and agrees that if Buyer obtains knowledge that Buyer or any of its
beneficial owners becomes listed on the Lists or is indicted, arraigned, or custodially detained on
charges involving money laundering or predicate crimes to money laundering, Buyer shall use its
best efforts to immediately notify Seller in writing, and in such event, Seller shall have the

12

 

right, immediately upon delivery of written notice thereof to Buyer, to terminate this Agreement
without penalty or liability to Buyer. The representations and warranties set forth in this
Section 6(b) shall be deemed to be remade as of Closing and shall survive the Closing and delivery
of the Deeds.

	 	7.	 	[Intentionally Omitted.]

8.          Closing Date. The closing of the purchase and sale contemplated by this Agreement (the
“Closing”) shall occur on a date agreed between Buyer and Seller, which date shall be no later than
October 17, 2005 (the “Closing Date”), at the office of the Title Company at 171 North Clark Street
in Chicago, Illinois, or at such other place as the Parties may mutually agree, unless postponed or
otherwise adjusted pursuant to the terms of this Agreement. The Parties hereby agree that, in
addition to Seller’s rights to postpone the Closing arising under any other Section of this
Agreement (including, without limitation, Section 4 hereunder), Seller may, upon written notice
delivered to Buyer not less than fifteen (15) days before the Closing Date, unilaterally elect to
postpone the Closing Date to a specified date not later than November 18, 2005.

	 	9.	 	Closing Deliveries.

(a)     Seller’s Closing Deliveries. At Closing, Seller shall execute and deliver to Buyer, or
cause to be executed and delivered to Buyer, all of the following (collectively, “Seller’s Closing
Documents”):

          (1)     Deeds. Special Warranty Deeds conveying to Buyer all of the Subject Property, free and
clear of all encumbrances claimed by, through or under Seller, except only the Permitted
Encumbrances (altogether, the “Deeds”).

          (2)     FIRPTA Affidavit. An affidavit of non-foreign status properly containing such information
as is required by IRC Section 1445(b)(2) and its regulations.

          (3)     Title-related Documents. Such affidavits of Seller or other documents as may be
reasonably required by the Title Company to record the Deeds and issue the Title Policies required
by this Agreement.

          (4)     Certificate. A certificate signed by an authorized agent of Seller and dated as of the
Closing Date reaffirming the truth, correctness, and completeness of all of Seller’s
representations and warranties under Section 6(a) of this Agreement.

          (5)     Files and Records. Copies of all Due Diligence Documents in Seller’s possession on the
Closing Date.

          (6)     Resolutions. Corporate resolutions of Seller in such form as may be reasonably
satisfactory to the Title Company to evidence Seller’s authority to transfer the Property.

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          (7)     Gap Affidavit. If required by the Title Company, for each Seller, a “gap” affidavit
executed by such Seller and in form and substance reasonably acceptable to the Title Company to
permit removal (by a so-called “gap” endorsement) of the standard exception from coverage for
defects, liens, encumbrances, adverse claims, or other matters, if any, created, first appearing in
the public records, or attaching subsequent to the effective date of the Title Commitment but
before the date Buyer acquires for value the estate covered by the Title Policy.

          (8)     Plans and Specifications. All plans and specifications related to the Subject Property,
to the extent in Seller’s actual possession and or under Seller’s control on the Closing Date.

          (9)     Certificate of Occupancy. A certificate of occupancy (or comparable permit or license)
with respect to each property comprising the Subject Property, to the extent in Seller’s actual
possession or under Seller’s control on the Closing Date.

In addition, Seller shall at Closing cause the Title Company to deliver to Buyer the Title Policies
required by this Agreement (with “extended coverage” over the standard exceptions for gap matters,
municipal fees and charges, mechanics’ and materialmen’s liens, rights or claims of parties in
possession, matters that would be disclosed by current surveys of the Subject Property, easements,
and adverse claims), together with the following endorsements (or the substantial, local equivalent
of such endorsements) relating to the Subject Property, to the extent that such endorsements are
customarily available in the respective jurisdictions in which the Subject Property is located
(altogether, the “Endorsements”): (i) an ALTA 9 (owner’s) restrictions, encroachments, and minerals
endorsement; (ii) an ALTA zoning 3.1 endorsement (with parking); (iii) an endorsement assuring that
the property insured by the Title Policies is the same as the property described in the Surveys;
(iv) an access endorsement; (v) a tax parcel endorsement; (vi) a contiguity endorsement (if
applicable); (vii) a subdivision or plat act endorsement; and (viii) a utility facilities
endorsement.

Seller acknowledges that Buyer shall itself secure issuance of any so-called “Fairway” and
“successor owner” endorsements that Buyer may desire with respect to the Subject Property.
Accordingly, to the extent that Seller may do so without incurring any material cost, expense, risk
of claim, or liability, Seller shall reasonably cooperate with Buyer’s efforts to secure such
endorsements.

(b)     Failure to Secure Endorsements.

          (1)     If, despite Seller’s reasonable efforts, Seller shall, as of the date that is two (2) days
before the original Closing Date, be unsuccessful in efforts to secure issuance of any requisite
Endorsement(s) with respect to any one or more of the discrete parcels comprising the Subject
Property (in each instance, a “Title Defective Parcel,” and collectively the “Title Defective
Parcels”), then Seller shall:

(i) As to all of the Subject Property other than the Title Defective Parcel(s),
complete Closing, on such Closing Date, as required under this Agreement; and

14

 

(ii) As to the Title Defective Parcel(s), deliver to Buyer, not less than two (2) nor
more than four (4) days before such Closing Date, a written notice (a “Title Defective
Notice”) of Seller’s election (in Seller’s sole discretion): (w) to postpone the Closing
Date as to one or more identified Title Defective Parcel(s) to a Postponed Closing Date not
later than November 18, 2005; and/or (x) to remove one or more identified Title Defective
Parcel(s) from the Subject Property under this Agreement (individually an “Eliminated
Defective Parcel” and collectively the “Eliminated Defective Parcels”).

Seller shall deliver a Title Defective Notice with respect to every Title Defective Parcel, and in
its Title Defective Notice shall elect either of (w) or (x), above., with respect to each Title
Defective Parcel.

          (2)     As to the Eliminated Defective Parcel(s), Buyer may elect, by delivering written notice
(a “Defective Parcel Waiver Notice”) of such election to Seller within three (3) days after
Seller’s delivery of the Title Defective Parcel Notice, to consummate Buyer’s acquisition, pursuant
to the terms of this Agreement, of any one or more Title Defective Parcels, which Eliminated
Defective Parcel(s) to be so acquired (individually a “Restored Defective Parcel” and collectively
the “Restored Defective Parcels”) shall be specifically identified by Buyer in the Defective Parcel
Waiver Notice. (If Buyer’s Defective Parcel Waiver Notice shall not state Buyer’s election to
consummate Buyer’s acquisition of all Eliminated Defective Parcels, then Seller’s election under
(x), above, shall continue to apply to those of the Eliminated Defective Parcels not specified by
as Restored Defective Parcels, whereupon neither Party shall have any further obligations hereunder
with respect to such Eliminated Defective Parcel(s) not so specified as Restored Defective Parcels,
save only for such obligation and liabilities as may expressly survive the termination of this
Agreement.) The transfer of the Restored Defective Parcel(s) shall be closed on the Postponed
Closing Date—or, if Seller shall not have identified a Postponed Closing Date in its Defective
Parcel Waiver Notice, on a date mutually agreed between Buyer and Seller, which date shall be no
later than November 18, 2005—without any reduction in the aggregate Purchase Price allocated (as
specified on the attached Exhibit B) to the Restored Defective Parcel(s), according to the
terms of Section 9 of this Agreement. Buyer shall then take all Restored Defective Parcels without
the requisite Endorsement(s), the lack of which Endorsement(s) shall be considered additional
Permitted Exceptions for which Seller shall have neither any further obligation whatsoever nor any
liability whatsoever for any loss, damage, or diminution in value with respect to the Subject
Property.

          (3)     As to all Title Defective Parcel(s) other than the Restored Defective Parcel(s) and the
Eliminated Defective Parcel(s), Seller shall, between delivery of the Title Defective Notice and
the Postponed Closing Date, make reasonable and diligent efforts to cause the Title Company to
issue all requisite Endorsements affecting the identified Title Defective Parcel(s), and Seller and
Buyer shall, on the Postponed Closing Date, immediately complete closing, according to the terms of
Section 9 of this Agreement, on all of the Title Defective Parcel(s) as to which the requisite
Endorsement(s) have been secured. If Seller shall not, despite its reasonable and diligent
efforts, cause the Title Company, by the Postponed Closing Date, to issue the requisite
Endorsement(s) as to the Title Defective Parcel(s), then Seller may elect, in Seller’s sole
discretion and on written notice to Buyer (a “Final Defective Notice”)

15

 

delivered on the Postponed Closing Date, either (y) to remove from the Subject Property under this
Agreement such Title Defective Parcel(s) as shall remain without the requisite Endorsement(s) on
the Postponed Closing Date, or (z) to not remove from the Subject Property under this Agreement
such Title Defective Parcel(s) as shall then remain without the requisite Endorsement(s). Buyer
shall have three (3) days after delivery of the Final Defective Notice to elect, at its option, and
as its sole remedy hereunder, either (aa) to terminate this Agreement as to any Title Defective
Parcel(s) as then still lack the requisite Endorsement(s), whereupon neither Party shall have any
further obligations hereunder with respect to such Title Defective Parcel(s), save only for such
obligation and liabilities as may expressly survive the termination of this Agreement, or (bb) to
waive the requirement that Seller cause the Title Company to issue the requisite Endorsement(s) as
to any Title Defective Parcel(s), and, no later than November 30, 2005, to complete Closing on such
Title Defective Parcel(s) without any reduction in the aggregate Purchase Price allocated (as
specified in the attached Exhibit B) to those Title Defective Parcel(s); provided that, if
Buyer shall not, within the pertinent three (3) day notice period, provide Seller with written
notice of Buyer’s electing one of the listed options with respect to each of the Title Defective
Parcels as shall yet remain without the requisite Endorsement(s), then Buyer shall irrevocably be
deemed to have agreed to accept title to the pertinent Title Defective Parcel(s) without the
requisite Endorsement(s) and shall complete closing on all such Title Defective Parcels no later
than November 30, 2005 without any reduction in the aggregate Purchase Price allocated (as
specified in the attached Exhibit B) to the Title Defective Parcel(s), the lack of such
Endorsement(s) being considered additional Permitted Exceptions for which Seller shall have neither
any further obligation whatsoever nor any liability whatsoever for any loss, damage, or diminution
in value with respect to the Subject Property.

          (4)     If Seller shall at any time exercise any right under this Agreement to remove any Title
Defective Parcel(s) from the Subject Property under this Agreement (and Buyer does not timely elect
to instead proceed to acquire such Title Defective Parcel(s) notwithstanding the lack of the
requisite Endorsement(s)), or if Buyer shall at any time exercise any right hereunder to terminate
this Agreement as to any Title Defective Parcel(s), then the Parties shall timely execute a written
modification to this Agreement, which modification shall (i) appropriately modify the depictions,
legal descriptions, and other identifications set forth on the attached Exhibit A to this
Agreement, and (ii) reduce the Purchase Price (or, in the case of a delay in closing as to any
Title Defective Parcel(s), the then-outstanding portion thereof) by a sum equal to the amount of
the Purchase Price allocated, on the attached Exhibit B, to the Title Defective Parcel(s)
so removed.

(c)     Buyer’s Closing Deliveries. At Closing, Buyer will execute and deliver to Seller, or
cause to be executed and delivered to Seller, all of the following (collectively, “Buyer’s Closing
Documents”):

          (1)     Purchase Price. The Purchase Price, less the Earnest Money and Additional Earnest Money,
plus or minus prorations and other adjustments, if any, by wire transfer of immediately available
funds.

16

 

          (2)     Title Documents. Such affidavits of Buyer or other documents as may be reasonably
required by the Title Company in order to record the Deeds and issue the Title Policies (with
Endorsements) required by this Agreement.

          (3)     Certificate. A certificate signed by an authorized agent of Buyer and dated as of the
Closing Date reaffirming the truth, correctness, and completeness of all Buyer’s representations
and warranties under Sections 6(b) of this Agreement.

(d)     Joint Closing Deliveries. At Closing, Seller and Buyer shall jointly execute and deliver
the following:

          (1)     Closing Statement. A closing and proration statement, prepared by Seller and reasonably
acceptable to Buyer, evidencing the Purchase Price, all payments with respect to Financial
Disapproved Matters under Section 3 of this Agreement, all prorations described in Section 10 of
this Agreement, and any other items customarily set down in such a statement.

          (2)     Real Estate Transfer Returns. Properly completed copies of any real estate transfer
return, gains tax form, or other documentation required by any state in which the Subject Property
shall be located as a condition to transfer of the Subject Property or recording of any Deeds.

          (3)     Leases. Lease agreements for the Subject Property in substantially the form and substance
of the Form Lease (the “Leases”). (Seller has advised Buyer that either the Related Entity that
shall convey one or more discrete parcel(s) of the Subject Property pursuant to this Agreement or
another Related Entity directly or indirectly wholly owned by Seller shall, under the Leases, be
the identified Tenant entity that shall lease such one or more discrete parcel(s) back from Buyer
pursuant to the Leases.)

          (4)     Environmental Documents. Environmental transfer documents required by any state in which
the Subject Property shall be located as a condition to transfer of the Subject Property or
recording of any Deeds.

          (5)     Miscellaneous. Such other documents, instruments, and affidavits as shall be reasonably
necessary to consummate the transaction contemplated by this Agreement (including, without
limitation, a written assignment conveying to Buyer all of Seller’s right, title, and interest in
and to any contract or license concerning the Subject Property that may freely be transferred
without the consent or approval of any third party).

(e)     Escrow Closing. This transaction shall be closed through a so-called “New York-style”
escrow closing with the escrow department of the Title Company in accordance with the general
provisions of the Title Company’s usual form of deed and money escrow agreement (modified, as
appropriate, to accommodate a “New York-style” closing), and with such special provisions inserted
in the escrow agreement as may be required to conform to this Agreement, and subject to the terms
of a separate money lender’s escrow, if any. The attorneys for both Seller and Buyer are
authorized to sign the escrow agreement. Upon the

17

 

creation of such escrow, payment of the Purchase Price and delivery of the Deeds shall be made
through the escrow. The cost of the escrow shall be divided equally between Seller and Buyer, but
Buyer shall be responsible for any costs associated with a separate money lender’s escrow. This
Agreement shall not be merged into nor in any manner superseded by the escrow agreement.

10.    Costs and Prorations. The Parties shall pay, adjust, and apportion all expenses with
respect to the Subject Property as follows:

(a)     Adjustments and Prorations.

          (1)     Real Estate Taxes and Special Assessments. All accrued general real estate and ad valorem
taxes for the year of Closing applicable to the Subject Property shall be prorated on an accrual
basis, using actual final tax bills, if available prior to Closing. If such bills are not
available, then such taxes shall be prorated on the basis of the most currently available tax bills
for the Subject Property and promptly re-prorated upon the issuance of final bills therefor, and
any amounts due from any Party to the other shall be paid in cash at that time. Prior to or at
Closing, Seller shall pay or have paid all general real estate and ad valorem tax bills that are
due and payable prior to or on the Closing Date and shall furnish evidence of such payment to Buyer
and the Title Company. Special assessments that are pending, certified, or become a lien against
the Subject Property prior to Closing shall be apportioned at the Closing under a “due date” method
of proration, with Seller paying all installments initially due at or prior to Closing and Buyer
paying all installments initially due after the Closing. Such other items that are customarily
prorated in transactions of this nature shall be ratably prorated. The amount of such prorations
shall be adjusted in cash after Closing, as and when complete and accurate information becomes
available, though in no event more than two (2) years after the Closing Date. Seller and Buyer
agree to cooperate and use their good faith efforts to make such adjustments no later than thirty
(30) days after final bills therefore are available. All of Seller’s and Buyer’s respective rights
and obligations under this Section 10(a) shall survive Closing and delivery of the Deeds.

          (2)     Utility Charges/Operation Expenses. Seller shall pay all utility charges and other
operating expenses attributable to the Subject Property up to and including the Closing Date, and
Buyer shall pay all utility charges and other operating expenses attributable to the Property after
the Closing Date.

          (3)     Rent. The tenant(s) under the Leases shall prepay all rent due under the Leases for the
month in which Closing shall occur.

Except only as expressly provided otherwise in this Agreement, all prorations provided for
herein shall be final.

For purposes of calculating prorations, Seller shall be deemed to be in title to the
Property, and therefore entitled to the income therefrom and responsible for the expenses thereof,
up to 11:59:59 p.m. on the day immediately preceding the Closing Date (or Postponed Closing Date,
as the case may be), and Buyer to be in title to the Property thereafter. All prorations shall be
made on the basis of the actual number of days of the year and month that have elapsed as of

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the Closing Date (or Postponed Closing Date, as the case may be). Except as otherwise stated
above, the amount of prorations shall, if necessary, be adjusted in cash after Closing, as and when
complete and accurate information becomes available, though in no event more than two (2) years
after Closing.

(b)     Closing Costs.

          (1)     Title Insurance and Surveys. Seller shall pay the cost of the Title Policies required
under this Agreement. Buyer shall pay the cost of the Endorsements to the Title Policies, all
costs of any title insurance policies insuring the interests of Buyer’s lender (if any), and the
cost of the Surveys.

          (2)     Closing Fee. Seller and Buyer will each pay one-half of any reasonable and customary
closing fee charged by the Title Company (including, without limitation, any reasonable and
customary fee for an escrow closing under Section 9(d) of this Agreement).

          (3)     Transfer Tax. With respect to any real estate transfer fee, transfer tax, or other fee
charged by any pertinent Governmental Authority as an incident to transfer of title in the Subject
Property (in each instance, a “Transfer Tax”), the Parties agree as follows: (i) that Seller
shall pay any Transfer Tax owing with respect to transfer of title in any Subject Property located
in the States of Georgia, Illinois, Iowa, Michigan, Nebraska, North Carolina, Ohio, South Carolina,
and Wisconsin; (ii) that Buyer shall pay any Transfer Tax owing with respect to transfer of title
in Subject Property located in the States of Alabama and Tennessee; and (iii) that Buyer and Seller
shall each pay one-half of any Transfer Tax owing with respect to transfer of title in any Subject
Property located in the States of Indiana, Louisiana, New Hampshire, Oregon, Pennsylvania, and
Texas, and in the Province of Ontario.

          (4)     Recording Costs. Seller shall pay the recording fees owing to record any documents, other
than the Deeds, necessary to secure issuance of the Title Policies in the form required by this
Agreement. Buyer shall pay recording fees owing to record the Deeds.

          (5)     Attorney’s Fees. Each Party shall pay its own attorneys fees.

          (6)     Other Costs. All other costs shall be allocated in accordance with the customs
prevailing in similar transactions in the area of the Subject Property.

(c)     Tax Actions. Buyer acknowledges that, after Closing, Seller may, in its sole
discretion, and at its sole expense, continue, conclude, or settle (i) the protest of ad valorem
taxes on the Property filed or commenced before the Effective Date and (ii) the pursuit of any ad
valorem tax benefits, discounts, or relief filed or commenced before the Effective Date (together,
the “Tax Actions”), and that Buyer shall make reasonable efforts to cooperate with Seller’s efforts
to so continue, conclude, or settle any Tax Actions. Seller shall keep Buyer apprised of the
status of all such Tax Actions. Seller acknowledges that between the Effective Date and the
Closing Date, Seller shall not commence any new protest of ad valorem taxes on the Property without
Buyer’s written consent in advance of such commencement. If, after Closing, Buyer

19

 

shall continue any Tax Actions commenced before the Effective Date, the Parties agree that
they shall, upon completion of such Tax Actions, prorate (as specified under Section 10(a)), an
amount equal to (i) the award or refund from the Tax Actions less (ii) the sum of Seller’s and
Buyer’s fees and costs, including attorney’s fees, incurred in connection with the Tax Actions.
The provisions of this Section 10(c) shall survive the Closing.

11.    Default.

(a)     If Buyer defaults in its obligation to consummate this Agreement, Seller shall be
entitled, at Seller’s sole election, to one of the following remedies: (i) to terminate this
Agreement and assert a claim for damages for Seller’s actual, out-of-pocket costs and expenses
incurred in connection with this Agreement and for Seller’s other actual damages suffered or
incurred as a direct result of Buyer’s default hereunder; which claim shall not exceed a limit
equal to the amount of the Earnest Money; or (ii) to pursue an action for specific performance on
this Agreement.

(b)     If Seller defaults in its obligation to consummate this Agreement, Buyer shall be
entitled, as Buyer’s sole remedy for such default, at Buyer’s sole election, to one of the
following remedies: (i) to terminate this Agreement, receive the return of the Earnest Money
(together with any interest earned thereon), and assert a claim for damages for Buyer’s actual,
out-of-pocket costs and expenses incurred in connection with this Agreement and for Buyer’s other
actual damages suffered or incurred as a direct result of Seller’s default hereunder, which claim
shall not exceed a limit equal to the amount of the Earnest Money; or (ii) to receive the return of
the Earnest Money and file an action for specific performance of this Agreement.

12.    Casualty and Condemnation.

(a)     Election. If, between the Effective Date and the Closing Date, the Subject Property shall
be subject to a Casualty or a Taking, Seller shall notify Buyer of such Casualty or Taking within
two (2) days of its occurrence, and further shall, on or before the earlier to occur of (i) the
Closing Date or (ii) ten (10) days after providing Buyer notice of such Casualty or Taking,
deliver to Buyer a written notice of Seller’s intention, at its sole discretion, either:

          (1)     to settle the adjustment of such Casualty or Taking before the Closing Date, and
thereafter, at Closing, to deliver to Buyer (i) all Casualty or Condemnation Proceeds (together
with a credit against the Purchase Price for the amount of Seller’s deductible amount on the policy
that insures a pertinent Casualty) and (ii) a cash payment equal to the Estimated Reduction Amount;

          (2)     to consummate the transaction contemplated by this Agreement without settling the
adjustment of such Casualty or Taking before the Closing Date, in which event Buyer shall receive a
closing credit against the Purchase Price in an amount equal to the cost of restoring the Subject
Property, as mutually agreed between Buyer and Seller, acting reasonably; or

20

 

          (3)     to specify for removal from the transaction contemplated by this Agreement any Affected
Property, and thereafter to close on the remainder of the Subject Property according to the terms
of this Agreement.

If Seller shall elect to settle the adjustment of a Casualty or Taking before the Closing Date,
Closing may be postponed by Seller for not more than sixty (60) days, but in no event later than
December 30, 2005, to allow for such settlement. If Seller shall elect to remove from the Subject
Property any Affected Property, conveying the remaining Subject Property as required under this
Agreement, then the Parties shall at Closing execute a written modification to this Agreement,
which modification shall (i) appropriately modify the depictions, legal descriptions, and other
identifications set forth on the attached Exhibit A to this Agreement, and (ii) reduce the
Purchase Price by a sum equal to the amount of the Purchase Price allocated, on the attached
Exhibit B, to the Affected Property so removed.

(b)     Definitions.

          (1)     “Affected
Property” shall mean any parcel comprising the Subject Property at which or to
which any Casualty or Taking occurs prior to Closing.

          (2)     “Casualty” shall mean the occurrence of any Material damage or Material destruction to, or
the suffering of any Material casualty by, any discrete parcel(s) of the Subject Property.

          (3)     “Casualty
or Condemnation Proceeds” shall mean, with respect to a Taking or a Casualty,
the amount of any insurance proceeds, condemnation awards or other proceeds or awards resulting
from such Casualty or Condemnation which Seller receives or to which Seller is entitled.

          (4)     “Estimated
Reduction Amount” shall mean, with respect to a Casualty or Taking, the
difference between (i) the Casualty or Condemnation Proceeds and (ii) if greater than the Casualty
or Condemnation Proceeds, (A) in the event of a Casualty, the cost of making all restorations and
repairs to the Subject Property necessary to restore or repair, to the extent reasonably practical,
the Subject Property to the same condition as existed immediately before such Casualty, including
the amount of any actual damage or loss suffered by the Subject Property or its owner in connection
with such Casualty, restoration, or repair, or (B) in the event of a Taking, the loss in value to
the Subject Property plus actual damage suffered by the Subject Property or its owner in connection
with such Taking (including, without limitation, the costs of any restorations and repairs required
to restore and repair the Property, to the extent reasonably practical, to the same condition and
utility as existed before such Taking)—in either instance (whether (A) or (B)), as such cost (or
loss in value, as the case may be) may be reasonably estimated by a certified appraiser selected by
Seller and reasonably acceptable to Buyer.

          (5)     “Material” shall mean, as to a given Affected Property, having a cost to repair or replace
that exceeds five percent (5.0%) of the portion of the Purchase Price allocated to such Affected
Property, or having incurred such damage, destruction, condemnation, or eminent domain as shall
preclude an Affected Property’s being restored to a condition (i) that

21

 

would be, when restored, substantially comparable to the condition that existed on the
Effective Date and (ii) that would comply, when restored, with all then-applicable Laws and
Regulations.

          (6)     “Taking” shall mean the occurrence of any Material taking (or pending or threatened taking
which has not been consummated) by eminent domain or condemnation by any public authority or by any
similar proceeding of any Affected Property.

(c)     Lease Agreements. If Buyer is required, under the foregoing provisions, to consummate its
acquisition of an Affected Property, the Seller shall cause the Lease(s) for such Affected
Property(ies) to be executed and delivered to Buyer at Closing and there shall be no abatement
whatsoever of any Rent (as defined in the Form Lease) due under such Lease(s).

13.    Broker’s Commission. Seller represents and warrants to Buyer that, in connection with the
transaction contemplated by this Agreement, no third party broker or finder has been engaged or
consulted by Seller or is entitled to compensation or commission in connection herewith other than
CB Richard Ellis, Inc. (“Broker”), and that Seller shall pay the Broker’s commission at Closing.
Seller shall defend, indemnify, and hold harmless Buyer from and against any and all claims of any
broker, finder, or third party other than Broker claiming any right to commission or compensation
by or through acts of Seller in connection herewith. Buyer represents and warrants to Seller that,
in connection with the transaction contemplated by this Agreement, no third party broker or finder
(other than Broker) has been engaged or consulted by Buyer or is entitled to compensation or
commission in connection herewith. Buyer shall thus defend, indemnify, and hold harmless Seller
from and against any and all claims of any broker, finder, or third party other than Broker
claiming any right to commission or compensation by or through acts of Buyer in connection
herewith.

14.    Indemnification.

(a)     Seller’s Indemnity.

          (1)     For the period specified hereunder, Seller shall indemnify and hold Buyer, its officers,
directors, employees, agents, advisors, representatives, and affiliates (collectively “Buyer
Indemnitees”) harmless from and against, and shall defend promptly the Buyer Indemnitees from and
reimburse the Buyer Indemnitees for, any and all losses, actual damages, costs, expenses,
liabilities, obligations, and claims of any kind (including, without limitation, reasonable
attorneys’ fees and other costs and expenses) (collectively, “Damages”), but expressly excluding
any incidental or consequential damages of any kind, that the Buyer Indemnitees may at any time
suffer or incur, or become subject to, as a result or arising out of or in connection with:

                    (A)     For a period of ninety (90) days after Closing— any misrepresentation, breach, or
inaccuracy (whether on the Effective Date or on the Closing Date) of any of the representations and
warranties made by Seller in or pursuant to this Agreement, other than any such misrepresentation,
breach, or inaccuracy (or any fact or circumstance the existence of which would constitute such a
misrepresentation, breach, or inaccuracy) of which Buyer shall become aware between the Effective
Date and the Closing Date, as to which

22

 

misrepresentation, breach, or inaccuracy Buyer shall be deemed to have fully waived all claims; and

                    (B)     For a period of two (2) years after Closing—any failure by Seller to carry out, perform,
satisfy, and discharge any of its covenants, agreements, undertakings, liabilities, or obligations
under this Agreement (other than those listed in Section 14(a)(1)(A), as to which the period of
ninety (90) days there specified shall limit Seller’s indemnity), or under any of the documents
(other than any Leases) delivered by Seller pursuant to this Agreement.

          (2)     Buyer shall as soon as reasonably practicable notify Seller of any claim, demand, action,
or proceeding for which indemnification will be sought under this Section 14(a) of this Agreement;
provided that failure to give such notice shall not release the Seller of its indemnification
obligations under this Agreement except to the extent that such failure shall result in a failure
of actual notice to the Seller and the Seller shall be materially damaged as a direct result of
such failure to give notice. If such claim, demand, action, or proceeding is a third party claim,
demand, action, or proceeding, Seller shall have the right at its expense to assume the defense
thereof using counsel reasonably acceptable to Buyer, and Buyer shall have the right to
participate, at its own expense, with respect to any such third party claim, demand, action, or
proceeding. The assumption of such defense by the Seller shall not constitute an admission that
such third party claim demand, action, or proceeding is indemnifiable pursuant to this Section
14(a). If Buyer shall in good faith determine that the conduct of the defense of any claim subject
to indemnification hereunder or any proposed settlement of any such claim by the Seller might be
expected to affect adversely the Buyer’s tax liability or the ability of the Buyer to conduct its
business, or that the Buyer may have available to it one or more defenses or counterclaims that are
inconsistent with one or more of those that may be available to the Seller in respect of such claim
or any litigation relating thereto, Buyer shall have the right at all times to take over and assume
control over the defense, settlement, negotiations or litigation relating to any such claim, at the
sole cost of the Seller, provided that if the Buyer does so take over and assume control, the Buyer
shall not settle such claim or litigation without the written consent of the Seller, such consent
not to be unreasonably withheld. If Seller has the right to assume the defense of a claim and
chooses not to do so, or if Seller does not have the right to assume the defense of a claim, Seller
may participate in the contest and defense of such claim at its sole cost and expense, but Buyer
Indemnitees shall have full authority to determine all actions with respect thereto, subject to the
necessity of obtaining the other parties’ consent with respect to any settlements.

          (3)     Each Party defending a claim shall keep the other Party informed of the progress of the
claim, including complying with all reasonable requests for copies of documents related to the
claim under this Section 14(a) and the opportunity, from time to time, to consult with counsel
defending such claim. In connection with any such third party claim, demand, action, or
proceeding, the Parties shall cooperate with each other and provide each other with access to
relevant books and records in their possession.

          (4)     Except with the prior written consent of the Buyer, the Seller, in the defense of any such
claim or litigation, shall not consent to entry of any judgment or enter into any settlement that
provides for injunctive or other nonmonetary relief affecting the Buyer or

23

 

the Subject Property, or that does not include as an unconditional term thereof the giving by
each claimant or plaintiff to the Buyer Indemnitees of a release from all liability with respect to
such claim or litigation.

          (5)     Notwithstanding any other provision of this Agreement, Seller’s total liability under
Section 14(a)(1)(A), above, for any misrepresentation, breach, or inaccuracy of any of the
representations and warranties made by Seller in or pursuant to this Agreement shall not in any
event exceed, in the aggregate, the sum of Five Million and No/100 United States Dollars (USD
5,000,000.00).

(b)     Buyer’s Indemnity.

          (1)     For a period of two (2) years following the Closing Date, Buyer shall indemnify and hold
Seller, its officers, directors, employees, agents, advisors, representatives, and affiliates
(collectively “Seller Indemnitees”) harmless from and against, and shall defend promptly the Seller
Indemnitees from and reimburse the Seller Indemnitees for, any Damages that the Seller Indemnitees
may at any time suffer or incur, or become subject to, as a result or arising out of or in
connection with:

                    (A)     Any misrepresentation, breach or inaccuracy (whether on the Effective Date or on the
Closing Date) of any of the representations and warranties made by Buyer in or pursuant to this
Agreement;

                    (B)     Any failure by Buyer to carry out, perform, satisfy, and discharge any of its or their
covenants, agreements, undertakings, liabilities, or obligations under this Agreement (including,
without limitation, the Earnest Money Escrow Agreement attached as Exhibit C, the Temporary
Access Agreement attached as Exhibit H and the Lease Agreement attached as Exhibit
I) or under any of the documents (other than any Leases) delivered by Buyer pursuant to this
Agreement; or

                    (C)     Buyer’s activities (including, without limitation, the activities of Buyer’s contractors,
agents, employees, and assignees) under Section 4 of this Agreement.

          (2)     Seller shall as soon as reasonably practicable notify Buyer of any claim, demand, action,
or proceeding for which indemnification will be sought under this Section 14(b) of this Agreement;
provided that failure to give such notice shall not release the Buyer of its indemnification
obligations under this Agreement except to the extent that such failure shall result in a failure
of actual notice to the Buyer and the Buyer shall be materially damaged as a direct result of such
failure to give notice. If such claim, demand, action, or proceeding is a third party claim,
demand, action, or proceeding, Buyer shall have the right at its expense to assume the defense
thereof using counsel reasonably acceptable to Seller, and Seller shall have the right to
participate, at its own expense, with respect to any such third party claim, demand, action, or
proceeding. The assumption of said defense by the Buyer shall not constitute an admission that such
third party claim demand, action, or proceeding is indemnifiable pursuant to this Section 14(b). If
Seller shall in good faith determine that the conduct of the defense of any claim subject

24

 

to indemnification hereunder or any proposed settlement of any such claim by the Buyer might be
expected to affect adversely the Seller’s tax liability or the ability of the Seller to conduct its
business, or that the Seller may have available to it one or more defenses or counterclaims that
are inconsistent with one or more of those that may be available to the Buyer in respect of such
claim or any litigation relating thereto, the Seller shall have the right at all times to take over
and assume control over the defense, settlement, negotiations or litigation relating to any such
claim at the sole cost of the Buyer provided that if the Seller does so take over and assume
control, the Seller shall not settle such claim or litigation without the written consent of the
Buyer, such consent not to be unreasonably withheld. If Buyer has the right to assume the defense
of a claim and chooses not to do so, or if Buyer does not have the right to assume the defense of a
claim, Buyer may participate in the contest and defense of such claim at its sole cost and expense,
but Seller Indemnitees shall have full authority to determine all actions with respect thereto,
subject to the necessity of obtaining the other Party’s consent with respect to any settlements.

          (3)     Each Party defending a claim under this Section 14(b) shall keep the other Party informed
of the progress of the claim, including complying with all reasonable requests for copies of
documents related to the claim and the opportunity, from time to time, to consult with counsel
defending the claim. In connection with any such third party claim, demand, action, or proceeding,
the Parties shall cooperate with each other and provide each other with access to relevant books
and records in their possession.

          (4)     Except with the prior written consent of the Seller, the Buyer, in the defense of any such
claim or litigation, shall not consent to entry of any judgment or enter into any settlement that
provides for injunctive or other nonmonetary relief affecting the Seller or the Subject Property,
or that does not include as an unconditional term thereof the giving by each claimant or plaintiff
to the Seller Indemnitees of a release from all liability with respect to such claim or litigation.

(c)     Survival. This Section 14 shall survive the termination of this Agreement or the Closing
of the transaction contemplated by this Agreement.

(d)     Lease Agreements. The provisions of this Section 14 shall not be applicable to the Lease
Agreements and any obligations imposed thereunder.

15.    Conditions Precedent to Closing.

(a)     Seller’s Conditions. The obligation of Seller to sell and convey the Subject Property
under this Agreement is subject to the satisfaction of each and every one of the following
conditions precedent or conditions concurrent, the satisfaction of which may be waived only in
writing by Seller:

          (1)     Buyer shall have delivered the Buyer’s Closing Documents required under Section 9 of this
Agreement;

          (2)     Buyer shall have performed all of Buyer’s covenants and obligations under this Agreement
with respect to Closing;

25

 

          (3)     Buyer’s warranties and representations set forth herein shall be true and correct as of
the Closing Date;

          (4)     Seller’s Board of Directors shall, no later than September 16, 2005, have approved in all
respects, as provided under Section 5 of this Agreement, Seller’s consummation of the transaction
contemplated by this Agreement;

          (5)     At no time between the Effective Date and the Closing Date shall any of the following have
been done by or against or with respect to Buyer: (i) the commencement of a case under Title 11 of
the U.S. Code, as now constituted or hereafter amended, or under any other applicable federal or
state bankruptcy law or other similar law; (ii) the appointment of a trustee or receiver of any
property interest; or (iii) an assignment for the benefit of creditors; and

          (6)     Buyer, after having received from Seller, not less than five (5) days before the Closing
Date, written notice of Buyer’s default in any of its covenants or obligations under this
Agreement, shall not have failed to cure such default.

Buyer hereby covenants that Buyer shall exercise all reasonable and diligent efforts to cause the
conditions set forth in this Section 15(a) to be fully satisfied by the Closing Date.

(b)     Buyer’s Conditions. The obligation of Buyer to purchase and accept the Property under
this Agreement is subject to the satisfaction of each and every one of the following conditions
precedent or conditions concurrent, the satisfaction of which may be waived only in writing by the
Buyer:

          (1)     Seller shall have delivered the Seller’s Closing Documents required under Section 9 of
this Agreement;

          (2)     Seller shall have performed all of Seller’s covenants and obligations under this Agreement
with respect to Closing;

          (3)     Seller’s warranties and representations set forth herein shall be true and correct as of
the Closing Date;

          (4)     That at no time between the Effective Date and the Closing Date shall any of the following
have been done by or against or with respect to Seller: (1) the commencement of a case under Title
11 of the U.S. Code, as now constituted or hereafter amended, or under any other applicable federal
or state bankruptcy law or other similar law; (ii) the appointment of a trustee or receiver of any
property interest; or (iii) an assignment for the benefit of creditors;

          (5)     Seller, after having received from Buyer, not less than five (5) days before the Closing
Date, written notice of Seller’s default in any of its covenants or obligations under this
Agreement, shall not have failed to cure such default; and

26

 

          (6)     The Subject Property shall be in substantially the same condition as on the Effective
Date, subject only to any Casualty, any Taking, and any other event(s) that shall not (in the
aggregate, if more than one) have resulted in a Material Adverse Change.

Seller hereby covenants that Seller shall exercise all reasonable and diligent efforts to cause the
conditions set forth in this Section 15(b) to be fully satisfied by the Closing Date.

The conditions set forth in this Section 15(b) shall not be deemed unsatisfied by Seller’s
failure to cause the Title Company to deliver any one or more of the Title Policies at Closing,
provided that Seller shall cause to be delivered at Closing an insured written commitment (also
known as a “marked-up” title commitment) to issue all such Title Policies.

(c)     Waiver. Either Party may at any time or times, at its election, waive any of the
conditions to its obligations hereunder, but any such waiver shall be effective only if contained
in a writing signed by such party. No such waiver shall reduce the rights or remedies of a Party
by reason of any breach by the other Party (but if a condition is waived, the Party waiving the
same may not rescind this Agreement on the basis of the failure of such waived condition). If for
any reason any item required to be delivered to a Party by the other Party shall not be delivered
when required, then such other Party shall—except as expressly otherwise provided under this
Agreement—nevertheless remain obligated to deliver the same to the first Party.

16.    Assignment.

(a)     Generally. The terms, conditions and covenants of this Agreement shall be binding upon
and shall inure to the benefit of the Parties and their respective nominees, successors,
beneficiaries and assigns. Except as expressly provided below, Buyer may not assign its rights
under this Agreement without the prior written consent of Seller, which consent may be withheld,
conditioned, or delayed in Seller’s sole discretion. In the event of a permitted assignment of
this Agreement by Buyer, Buyer’s permitted assignee shall be deemed to be the Buyer hereunder for
all purposes hereof, and shall have all rights of Buyer hereunder, though the assignor shall not be
released from any liabilities or obligations arising out of this Agreement

(b)     Expressly Permitted and Prohibited Assignments.

          (1)     Assignments Expressly Permitted. Provided that any such assignment shall be in a duly
executed written instrument that shall contain (i) the permitted assignee’s expressed covenant to
assume all of Buyer’s covenants and obligations as to all payment and performance arising under
this Agreement, and (ii) Buyer’s expressed covenant to remain liable for any permitted assignee’s
failure to duly perform any covenant or obligation as to payment and performance arising under this
Agreement, Buyer may (subject to the preemptive limitations set forth in Section 16(a)(2), below),
before any Closing hereunder, assign its rights under this Agreement, without Seller’s prior
written consent, to any of the following: (A) any third party intermediary in connection with a
tax-deferred exchange, for a First Industrial Affiliate, pursuant to Section 1031 of the Internal
Revenue Code ; (B) First Industrial Realty Trust, Inc., a Maryland corporation (“First
Industrial”), or to any corporate or partnership entity

27

 

affiliated with, or related to, First Industrial (any such entity, a “First Industrial Affiliate”);
or (C) any corporate, partnership, or limited liability entity in which First Industrial or an
Affiliate is a partner, co-venturer, shareholder, or member (any such entity, a “First Industrial
Venture Partner”). No such assignee shall accrue any obligations or liabilities hereunder until
the effective date of such assignment, which effective date shall in every instance be before the
date of any Closing hereunder. In the event of any such permitted assignment of this Agreement by
Buyer, Buyer’s assignee shall be deemed to be the Buyer hereunder for all purposes hereof, and
shall have all rights of Buyer hereunder (including, but not limited to, the right of further
assignment), provided that any further assignee(s) of Buyer’s assignee(s) shall, notwithstanding
any assignment permitted under this Section 16, at all times be jointly and severally liable with
Buyer for payment and performance of all covenants and obligations arising under this Agreement.
If a First Industrial Affiliate or First Industrial Venture Partner shall be an assignee under this
Section 16, that assignee shall have the benefit of all of the representations, warranties and
rights which, by the terms of this Agreement, are incorporated herein or relate to the conveyance
in question, including, without limitation, all guaranties and indemnities granted to Buyer
hereunder or in connection herewith to any trust, corporation, partnership, or limited liability
company controlling, controlled by, or under common control with Buyer.

          (2)     Assignments Unconditionally Prohibited. Without regard to an entity’s otherwise being a
permitted assignee under Section 16(b)(1), above, no assignment shall be permitted in any instance
to any of the following (in each instance, a “Prohibited Assignee”): (x) any entity listed on
Appendix C to the Form Lease, (y) any entity controlled by, in common control with, or
controlling any entity listed on Appendix C to the Form Lease, or (z) any successor or
assign of any of the foregoing.

(c)     Transfer to Designee. In addition to its right of assignment, Buyer shall also have the
right, exercisable before Closing, to designate any permitted assignee under this Section 16 as the
grantee or transferee of any or all of the conveyances, transfers, and assignments to be made by
Seller at Closing hereunder, independent of, or in addition to, any assignment of this Agreement.
If a permitted assignee shall be designated as a transferee hereunder, that transferee shall have
the benefit of all of the representations and rights which, by the terms of this Agreement, are
incorporated in or relate to the conveyance in question.

(d)     Notice of Assignment or Transfer. Notwithstanding anything to the contrary contained
herein, Buyer shall deliver to Seller written notice of any assignment or transfer at least five
(5) days before the effective date of such assignment or transfer.

17.    Notices. Any notice or other communication in connection with this Agreement shall be in
writing and shall be sent by United States Certified Mail, return receipt requested, postage
prepaid, by UPS Next Day Air® (or by other nationally recognized overnight courier service
guarantying next business day delivery), by telecopy, or by personal delivery, properly addressed
as follows:

	 	 	 
	If to Seller:

	 	Rockwell Automation, Inc.

Mr. Denis DeCamp

Director — Real Estate

28

 

	 	 	 
	 

	 	1201 South Second Street

Milwaukee, Wisconsin 53204

FAX: 414-382-3900
	 
	 	 
	With a copy to:

	 	Rockwell Automation, Inc.

James F. Rosenow, Esq.

Associate General Counsel

1201 South Second Street

Milwaukee, Wisconsin 53204

FAX: 414-382-3900
	 
	 	 
	And to:

	 	Quarles & Brady LLP

411 East Wisconsin Avenue

Milwaukee, Wisconsin 53202

Attn: Michael J. Ostermeyer

FAX: 414-978-8956
	 
	 	 
	If to Buyer:

	 	First Industrial Acquisitions, Inc.

311 South Wacker Drive

Suite 4000

Chicago, Illinois 60606

Attn: Chief Investment Officer

FAX: 312-922-9796
	 
	 	 
	and a copy to:

	 	Barack Ferrazzano Kirschbaum

     Perlman & Nagelberg LLP

333 West Wacker Drive

Suite 2700

Chicago, Illinois 60606

Attn: Suzanne Bessette-Smith

FAX: 312-984-3150

All notices shall be deemed given three (3) days following deposit in the United States mail with
respect to certified or registered letters, one (1) day following deposit if delivered to an
overnight courier guaranteeing next day delivery, and on the same day if sent by personal delivery
or telecopy (with proof of transmission and have copy delivered by overnight courier). Attorneys
for each Party shall be authorized to give notices for each such party. Any Party may change its
address for the service of notice generally, or for the service of specified notices under this
Agreement, by giving written notice of such change to the other Party, in any manner above
specified.

18.    “As Is” Sale. Except as otherwise expressly set forth in Section 6(a) hereof, Seller has
made no warranties or representations, written or oral, express or implied, in any way

29

 

related to the Subject Property including, without limitation, the condition of the Subject
Property or any of its improvements, fixtures or systems, the presence or absence of any Hazardous
Material(s) in, at, under or migrating to or from the Subject Property, the Subject Property’s
compliance or noncompliance with any Laws and Regulations including, without limitation, any
Environmental Laws, or the suitability or fitness of the Subject Property for any particular
purpose. Except as otherwise expressly set forth in Section 6(a) hereof, Buyer agrees to purchase
the Subject Property in its “AS-IS” condition. Subject only to (i) the specific warranties and
representations made in Section 6(a) of this Agreement, (ii) Buyer’s satisfaction or waiver of the
specific conditions precedent to Buyer’s obligation to close, as specified in this Agreement, and
(iii) the limited indemnities expressly provided by Seller under this Agreement, Buyer hereby fully
and forever waives, releases, discharges, and acquits Seller from any and all claims, actions,
costs, damages, expenses, fees, fines, liabilities, losses, obligations, penalties, and suits,
known or unknown, foreseen or unforeseen (including but not limited to, claims based on contract,
right of contribution, common law and/or federal, state or local statute or ordinance, but
specifically excluding claims based on Seller’s fraud), in any way arising out of, relating to or
resulting from any misrepresentation, or any other tort alleged to have been committed by Seller in
connection with or related to the sale of the Subject Property to Buyer, the condition of the
Subject Property or connected with Buyer’s acquisition, ownership, development or use of the
Subject Property. The Purchase Price for the Subject Property takes into account and shall
sufficiently compensate Buyer for all the terms of the conveyance including, without limitation,
Buyer’s obligation to accept the Subject Property in an “AS-IS” condition and Buyer’s waiver,
release, discharge and acquittal of Seller.

In addition, except as otherwise expressly set forth in Section 6(a) of this Agreement, Seller
has made no warranties or representations, written or oral, express or implied, in any way related
to the documents that Seller has delivered or is required to deliver pursuant to this Agreement,
including, without limitation, the accuracy or completeness of such documents. Except as otherwise
expressly required under Section 6(a)(5) of this Agreement, Buyer agrees to receive any such
documents in their “AS-IS” condition, in the same manner and to the same extent as Buyer has agreed
to purchase the Subject Property in its “AS-IS” condition.

19.    Definitions.

(a)     Generally Defined Terms. For purposes of this Agreement, the terms set forth below shall
have the stated meanings:

          “Buyer’s Knowledge” shall mean the actual knowledge of Mr. Johansson Yap, Chief Investment
Officer for First Industrial Realty Trust, Inc.

          “Days” shall mean every calendar day. If, however, a “day” specified for action under this
Agreement shall fall on a Saturday, Sunday, or legal holiday of the United States of America, the
pertinent deadline shall be deemed to be the next occurring calendar day that is not a Saturday,
Sunday, or legal holiday of the United States of America.

          “Governmental Authority” shall mean any agency, commission, department or body of any
municipal, township, county, local, state or Federal governmental or

30

 

quasi-governmental regulatory unit, entity or authority having jurisdiction or authority over
all or any portion of the Subject Property or the management, operation, use or improvement
thereof.

          “Laws and Regulations” shall mean every applicable law, ordinance, regulation, order, rule,
judgment, requirement, consent agreement, or other declaration or measure of any Governmental
Authority, and the orders, rules and regulations of the Board of Fire Underwriters where the
Subject Property is situated, or of any other body now or hereafter constituted exercising lawful
or valid authority over the Subject Property, or any portion thereof, or of the sidewalks, curbs,
roadways, alleys, entrances or railroad track facilities adjacent or appurtenant thereto, or
exercising authority with respect to the use or manner of use of the Subject Property, or such
adjacent or appurtenant facilities.

          “Material Adverse Change” shall mean (i) any change in the physical condition, efficiency,
operation, or utility of the Subject Property that would have a material adverse effect on the
Subject Property’s operating capacity as of the Effective Date, and (ii) any materially adverse
effect or change in the ability of Seller to consummate the transaction contemplated by this
Agreement.

          “Seller’s Knowledge” shall mean the actual knowledge of Mr. Denis DeCamp, Director of
Corporate Real Estate for Rockwell Automation, Inc.

(b)     Other Defined Terms. The following terms shall have the meanings defined for such terms
in the Sections set forth below:

	 	 	 
	Term	 	Section
	 
	Additional Earnest Money 
	 	2(b)
	Affected Property 
	 	12(b)(1)
	Agreement 
	 	Recitals
	Authorized Consultants 
	 	4(b)(2)
	Broker 
	 	13
	Buyer 
	 	Recitals
	Buyer’s Closing Documents 
	 	9(c)
	Buyer Indemnitees 
	 	14(a)(1)
	Buyer’s Parties 
	 	20(a)(1)
	Casualty 
	 	12(b)(2)
	Casualty or Condemnation Proceeds 
	 	12(b)(3)
	Closing 
	 	8
	Closing Date 
	 	8
	Commitments 
	 	3(a)(1)
	Confidential Information 
	 	20(a)
	Container 
	 	Exhibit J
	Contingency Date 
	 	4(c)(1)
	Damages 
	 	14(a)(1)
	Deeds 
	 	9(a)(1)
	Defective Parcel Waiver Notice 
	 	9(b)(2)
	Disapproval Deadline 
	 	3(b)

31

 

	 	 	 
	Term	 	Section
	 
	Disapproved Matters 
	 	3(b)
	Due Diligence Documents 
	 	4(a)(1)
	Earnest Money 
	 	2(b)
	Effective Date 
	 	Recitals
	Eliminated Defective Parcels 
	 	9(b)(1)(ii)
	Eliminated Postponed Parcels 
	 	3(b)(2)(B)(ii)
	Endorsements 
	 	9(a)(9)
	Environmental Condition 
	 	4(b)(4)
	Environmental Law 
	 	Exhibit J
	Environmental Permit 
	 	Exhibit J
	Environmental Reports 
	 	4(c)(2)
	Escrow Agreement 
	 	2(b)
	Estimated Reduction Amount 
	 	12(b)(4)
	Final Defective Notice 
	 	9(b)(3)
	Final Postponement Notice 
	 	3(b)(2)(D)
	Financial Disapproved Matters 
	 	3(b)(1)
	First Industrial 
	 	16(b)(1)
	First Industrial Affiliate 
	 	16(b)(1)
	First Industrial Venture Partner 
	 	16(b)(1)
	Form Lease 
	 	5(a)(1)
	Hazardous Condition 
	 	Exhibit J
	Hazardous Material 
	 	Exhibit J
	Improvements 
	 	1(a)(2)
	Land 
	 	1(a)(1)
	Leases 
	 	9(d)(3)
	Listed Encumbrances 
	 	3(b)
	Lists 
	 	6(b)(2)(A)
	Material 
	 	12(b)(5)
	Nonfinancial Disapproved Matters 
	 	3(b)(2)
	OFAC 
	 	6(b)(2)
	Orders 
	 	6(b)(2)
	Original Earnest Money 
	 	2(b)
	Parties 
	 	Recitals
	Phase II Assessments 
	 	4(b)(2)
	Postponed Closing Date 
	 	3(b)(2)(B)(ii)
	Postponed Parcel Notice 
	 	3(b)(2)(B)(ii)
	Postponed Parcels 
	 	3(b)(2)(B)
	Postponed Parcel Waiver Notice 
	 	3(b)(2)(C)
	Proposed Phase II Assessment 
	 	4(b)(3)
	Prohibited Assignee 
	 	16(b)(2)
	Purchase Price 
	 	2(a)
	Related Entities 
	 	1(b)
	Release 
	 	Exhibit J
	Replacements 
	 	1(a)(3)
	Resolution 
	 	5(a)

32

 

	 	 	 
	Term	 	Section
	 
	Restored Defective Parcels 
	 	9(b)(2)
	Restored Postponed Parcels 
	 	3(b)(2)(C)
	Seller 
	 	Recitals
	Seller’s Closing Documents 
	 	9(a)
	Seller Indemnitees 
	 	14(b)(1)
	Subject Property 
	 	1(a)
	Surveys 
	 	3(a)(3)
	Taking 
	 	12(b)(6)
	Tax Actions 
	 	10(c)
	Termination Notice 
	 	4(c)(1)
	Title Defective Notice 
	 	9(b)(1)(ii)
	Title Defective Parcels 
	 	9(b)(1)
	Title Company 
	 	2(b)
	Title Documents 
	 	3(a)(2)
	Title Policies 
	 	3(a)(1)
	Transfer Tax 
	 	10(b)(3)
	Uncured Title Matters 
	 	3(b)(2)(B)

20.    Miscellaneous.

(a)     Confidentiality. Buyer acknowledges that Buyer shall, during the course of this
Agreement, receive, have access to, and produce certain information concerning Seller and the
Subject Property that is, by its nature, confidential (the “Confidential Information”), which
Confidential Information shall include, without limitation, (i) every Due Diligence Document, (ii)
every document, chart, result, summary, written report, or other data with respect to any test,
inspection, or study performed by Buyer pursuant to this Agreement (including pursuant to a
Temporary Access Agreement of even date herewith), (iii) all other information obtained by Buyer
with respect to the Property between the Effective Date and the last date of any Closing under this
Agreement, and (iv) until such time as Seller shall have satisfied Seller’s condition under Section
5(a) of this Agreement, all terms, conditions, and covenants of this Agreement, together with the
fact of Buyer’s and Seller’s negotiations and agreement with respect to the same. Confidential
Information shall not include, however, any information or documentation that is publicly
available, or that is made public by any person or entity other than Buyer or Buyer’s Parties, or
that is made known or provided to any of Buyer or Buyer’s Parties under circumstances where (y) a
third party providing information or documentation fails to identify the same as Confidential
Information and (z) Buyer has no reasonable basis to know that such third party is disclosing
Confidential Information. Buyer understands and acknowledges that the Confidential Information is
unique and valuable to Seller, and that the Confidential Information is being made accessible to
Buyer in strict confidence solely for the limited purpose of assisting Buyer in assessing Buyer’s
purchase of the Property, as contemplated under this Agreement.. Accordingly:

          (1)     Buyer’s Covenant of Confidence. Except only (i) with respect to disclosures, in the
ordinary course of Buyer’s business, to Buyer’s attorneys, consultants, Venture Partner(s),
accountants, lenders, directors, partners, and employees (altogether, “Buyer’s

33

 

Parties”) (each of which shall, before receiving any Confidential Information, be advised of
all Buyer’s covenants, conditions, and obligations set forth in this Section 20(a), and of the
obligation to observe all such covenants, conditions, and obligations to the same extent as Buyer),
and (ii) as otherwise expressly required by any Laws and Regulations, Buyer shall not disclose,
directly or indirectly, or induce or permit any others (including, without limitation, any Buyer’s
Parties) to disclose, directly or indirectly, any of the Confidential Information in any way to
anyone without the prior written approval of Seller. Buyer further agrees not to intentionally or
negligently use or permit the Confidential Information to be used (including, without limitation,
by any of the Buyer’s Parties) in any manner detrimental to the Property, the Seller, or the
Seller’s interest in the Property.

If Buyer is required by Laws and Regulations to disclose any Confidential Information that,
save for the compulsion of such Laws and Regulations, would not be disclosed by Buyer under the
terms of this Section 20(a), Buyer shall promptly inform Seller of such pending disclosure and the
Parties shall cooperate in limiting (as far as possible) the amount of disclosed Confidential
Information and in obtaining an appropriate protective order or similar protective measures.

          (2)     Buyer’s Indemnification. Buyer hereby promises to indemnify and hold harmless Seller
against any loss, cost, or damage resulting to Seller as a direct result of any unauthorized use or
disclosure of the Confidential Information by Buyer or Buyer’s Parties.

          (3)     Equitable Remedies. Buyer acknowledges that any unauthorized disclosure or use of the
Confidential Information would cause the Seller irreparable injury and loss. Accordingly, Buyer
agrees that, in the event of a breach or a threatened breach by Buyer of any provision of this
Agreement, Seller shall be entitled to an injunction restraining Buyer from the disclosure or
unauthorized use of any of the Confidential Information.

          (4)     Return of Confidential Information. Upon termination of this Agreement (if any), Buyer
shall promptly deliver to Seller all copies of the Confidential Information.

          (5)     No Representation or Warranty of Seller. Except as may be expressly provided to the
contrary in Section 6(a) of this Agreement, Seller’s furnishing of any Confidential Information
shall not be, and shall not be interpreted as, any representation or warranty of any kind by
Seller, by its directors, officers, or employees, by any of Seller’s brokers or other agents
engaged by Seller related to or involving the Subject Property, or by any other representative of
Seller who discusses the Subject Property with or provides information to Buyer or Buyer’s
representatives. Further, the Confidential Information does not purport to be all-inclusive or to
contain all of the information that a prospective purchaser may desire or require. While the
Confidential Information has been gathered from sources that are deemed reliable, Seller—with the
exception only of any representation or warranty of Seller expressly set forth in Section 6(a) of
this Agreement—makes no representation or warranty, express or implied, as to the accuracy or
completeness of this information, and no liability of any kind whatsoever is assumed by Seller and
its agents with respect thereto.

34

 

All obligations of this Section 20(a) shall survive any termination of this Agreement. In
addition, if any Postponed Parcel(s) or Title Defective Parcel(s) shall be removed from the Subject
Property under this Agreement, all obligations of this Section 20(a) shall, with respect to all
Parcel(s) so removed, survive the Closing of this Agreement.

(b)     Construction. The Parties acknowledge that each Party and its counsel have reviewed and
approved this Agreement, and the Parties hereby agree that the normal rule of construction to the
effect that any ambiguities are to be resolved against the drafting Party shall not be employed in
the interpretation of this Agreement or any amendments or exhibits hereto. The Parties further
acknowledge that titles and headings to sections and subsections in this Agreement are for purposes
of reference only and shall in no way limit, define, or otherwise affect construction of this
Agreement.

(c)     Entire Agreement. This Agreement contains the entire agreement between the Parties
regarding the Property and supersedes all prior agreements, whether written or oral, between the
Parties regarding the same subject. This Agreement may only be modified in writing.

(d)     Exhibits. The following Exhibits are attached to this Agreement and are hereby
incorporated into this Agreement by reference: Exhibit A (Depictions, Legal Descriptions,
and Other Identifications of the Subject Property); Exhibit B (Purchase Price Allocation);
Exhibit C (Form of Earnest Money Escrow Agreement); Exhibit D (Form of Surveyor’s
Certification); Exhibit E (Listed Encumbrances); Exhibit F (List of Authorized
Environmental Contractors); Exhibit G (List of Due Diligence Documents); Exhibit H
(Form of Temporary Access Agreement; Exhibit I (Form of Lease Agreement); and Exhibit
J (Environmental Definitions).

(e)     Facsimile Signatures. Buyer and Seller agree that signatures on documents delivered by
facsimile transmission shall be binding on all Parties, and respectively agree to provide an
originally signed copy of any document delivered by facsimile within five (5) days after such
delivery.

(f)     Governing Law. This Agreement and the legal relations between the Parties hereto shall be
governed by and construed in accordance with the laws of the State of Wisconsin.

(g)     No Reliance. Except for any assignees permitted under this Agreement: (i) no third party
is entitled to rely on any of the representations, warranties, or agreements of the Parties
contained in this Agreement; and (ii) the Parties assume no liability to any third party because of
any such reliance.

(h)     No Waiver. No waiver by any Party of the performance or satisfaction of any covenant or
condition shall be valid unless in writing and shall not be considered to be a waiver by such Party
of any other covenant or condition hereunder.

35

 

(i)     Possession; Risk of Loss. Seller shall deliver to Buyer possession of the Subject
Property on the Closing Date, subject to Permitted Exceptions. All risk of loss or damage with
respect to the Property shall pass from Seller to Buyer on the Closing Date.

(j)     Relationship of the Parties. The Parties acknowledge that neither Party is an agent for
the other Party and that neither Party shall or can bind or enter into agreements for the other
Party.

(k)     Severability. If any provision, clause or part of this Agreement, or application of the
same under certain circumstances, is held invalid, the remainder of this Agreement and the
application of such provision, clause, or part under other circumstances shall not be affected.

(l)     Successors. This Agreement shall bind and inure to the benefit of the Parties hereto and
to their respective legal representatives, successors and permitted assigns.

(m)     Survival. Except for (i) the post-closing obligations of Buyer and Seller under this
Agreement, and (ii) as otherwise specifically provided in this Agreement, none of the agreements,
warranties, or representations contained herein shall survive Closing.

(n)     Termination. Upon termination of this Agreement for any reason, Buyer shall return to
Seller with reasonable promptness all Due Diligence Documents and copies thereof (including the
Title Commitment and the Seller’s Survey).

(o)     Time. Time is of the essence in the performance of each Party’s obligations hereunder.

21.    Effectiveness. This Agreement shall be effective only if signed by both Parties or if
signed in counterpart by both Parties.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

	 	 	 	 	 	 	 
	BUYER:

	 	SELLER:
	First Industrial Acquisitions, Inc.,

	 	Rockwell Automation, Inc.,
	a Maryland corporation

	 	a Delaware corporation
	 
	 	 	 	 	 	 
	By:

	 	 	By:	 
	Print Name:

	 	 	Print Name:	 
	Its:

	 	 	Its:	 
	 
	 	 	 	 	 	 
	Attest:

	 	 	Attest:	 
	Print Name:

	 	 	Print Name:	 
	Its:

	 	 	Its:	 

36

 

EXHIBIT I

Lease Agreement

by and between

 

as Landlord

and

[Rockwell Automation, Inc., a Delaware corporation]

[specified Rockwell Automation affiliate, a __________ corporation]

as Tenant

Leased Premises: ___________________________

Dated as of: ____________, 2005

I-1

 

BASIC LEASE INFORMATION

This Basic Lease Information is attached to and incorporated by reference to a Lease Agreement
between Landlord and Tenant as defined below. The Basic Lease Information is incorporated into and
made a part of the Lease Agreement. If any conflict exists between any Basic Lease Information and
the other terms of the Lease Agreement, then the Basic Lease Information shall control.

	 	 	 
	Lease Date:

	 	_________, 2005
	 
	 	 
	Landlord:

	 	___________________________
	 
	 	 
	Tenant:

	 	[Rockwell Automation, Inc., a
Delaware corporation]

[specified Rockwell Automation affiliate, a ___]
	 
	 	 
	Guarantor:

	 	[If Tenant is a Rockwell Automation affiliate: Rockwell Automation, Inc., a
Delaware corporation]

 

[If Tenant is Rockwell Automation, Inc.: None]
	 
	 	 
	Premises:
	 	 
	 
	 	 
	Initial Term:

	 	[Specify agreed Initial Term, which shall vary, depending on the Leased
Premises, according to the schedule set forth on Schedule A to this Lease]
	 
	Commencement Date:

	 	[Closing Date]
	 
	 	 
	Expiration Date:
	 	 
	 
	 	 
	Tenant Termination

Rights:

	 	[Appropriate time frames to be inserted, depending on each Initial
Term1]. As provided in Section 5 of this Lease, all termination
rights are subject to Tenant’s timely delivering twelve (12) months’ prior
written notice of termination, as well as to Tenant’s payment of a
Termination Fee in an amount equal to one year’s Basic Rent, half of which
Termination Fee shall be paid with delivery of a Termination Notice, and the
balance of which shall be paid on the Termination Date.
	 
	 	 
	Initial Term

Basic Rent:

	 	[Specify agreed monthly payment of Basic Rent, which shall vary, depending
on the Leased Premises, according to the schedule set forth on Schedule A to
this Lease]
	 
	 	 
	Renewal Terms:

	 	Four (4) consecutive terms of five (5) Lease Years each

 

			
	1	 	In a 5 year term, accelerated termination
shall be permitted upon expiration of 3rd year of term; in a 10 year
term, accelerated termination shall be permitted upon expiration of
7th year of term; in a 15 year term, accelerated termination shall
be permitted upon expiration of 12th year of term.

I-2

 

	 	 	 	 	 
	Renewal Term

	 	Renewal Term:
	 	Basic Rent
	Basic Rent:

	 	First:
	 	100% of Initial Term Basic Rent
	 

	 	Second:
	 	107.5% of First Renewal Term’s Basic Rent
	 

	 	Third:
	 	107.5% of Second Renewal Term’s Basic Rent
	 

	 	Fourth:
	 	107.5% of Third Renewal Term’s Basic Rent
	Threshold Amount:	 	[Parties will agree upon appropriate amount for each leasehold, on an

individual basis]
	 
	 	 	 	 
	Broker/Agent:	 	CB Richard Ellis
	 
	 	 	 	 
	Tenant’s Address:
	 	 	 	 
	 
	 	 	 	 
	Landlord’s Address:
	 	 	 	 

I-3

 

This Lease Agreement (this “Lease”), made as of this ___day of _________, 2005, between
_________ (“Landlord”) and [Rockwell Automation, Inc, a Delaware
corporation][specified Rockwell Automation affiliate, a ___corporation] (“Tenant”).

In consideration of the rents and provisions herein stipulated to be paid and performed,
Landlord and Tenant hereby covenant and agree as follows:

1.     Certain Definitions and Basic Provisions. The definitions and basic provisions set
forth in the Basic Lease Information attached hereto are incorporated herein by reference for all
purposes. Additionally, the following terms shall have the following meanings when used in this
Lease:

“Additional Rent” shall mean all amounts due by Tenant under this Lease excepting only Basic
Rent, provided that “Additional Rent” hereunder shall not in any instance include any building or
account management, building or account administration, or similar fee of any kind.

“Alterations” shall mean all changes, additions or improvements to, all alterations,
reconstructions, renewals, replacements or removals of and all substitutions or replacements for
any of the Improvements, both interior and exterior, structural and non-structural, and ordinary
and extraordinary.

“Appurtenances” shall mean all tenements, hereditaments, easements, rights-of-way, rights,
privileges in and to the Land, including (a) easements over other lands granted by any Easement
Agreement and (b) any streets, ways, alleys, vaults, gores or strips of land adjoining the Land.

“Basic Rent” shall mean the Initial Term Basic Rent, as defined in Paragraph 6 and the Basic
Lease Information, and the Renewal Term Basic Rent, as defined in Paragraph 6 and the Basic Lease
Information.

“Basic Rent Payment Dates” shall mean the Basic Rent Payment Dates as defined in Paragraph 6.

“Casualty” shall mean any injury or damage to the Leased Premises, whether by fire or other
casualty, that shall result in damage the cost to repair which shall exceed One Hundred Thousand
and No/100 United States Dollars (USD 100,000.00).

“Commencement Date” shall mean the Commencement Date as defined in Paragraph 5 and the Basic
Lease Information.

“Condemnation” shall mean (a) any taking of all or a portion of the Leased Premises (i) in or
by condemnation or other eminent domain proceedings pursuant to any Law, general or special, or
(ii) by reason of any agreement with any condemnor in settlement of or under threat of any such
condemnation or other eminent domain proceeding, or (b) any de facto condemnation. The
Condemnation shall be considered to have taken place as of the later of the date actual physical
possession is

I-4

 

taken by the condemnor, or the date on which the right to compensation and damages accrues
under the law applicable to the Leased Premises.

“Condemnation Notice” shall mean notice or knowledge of the institution of or intention to
institute any proceeding for Condemnation.

“Default Rate” shall mean the Default Rate as defined in Paragraph 7(a)(ii).

“Easement Agreement” shall mean any conditions, covenants, restrictions, easements,
declarations, licenses and other agreements listed as Permitted Encumbrances or as may hereafter
affect the Leased Premises.

“Environmental Law” shall mean (i) whenever enacted or promulgated, any applicable federal,
state, and local law, statute, ordinance, rule, regulation, license, permit, authorization,
approval, consent, court order, judgment, decree, injunction, code, requirement or agreement with
any governmental entity, (x) relating to pollution (or the cleanup thereof), or the protection of
air, water, vapor, surface water, groundwater, drinking water supply, land (including land surface
or subsurface), plant, aquatic and animal life from injury caused by a Hazardous Substance or (y)
concerning exposure to, or the use, containment, storage, recycling, reclamation, reuse, treatment,
generation, discharge, transportation, processing, handling, labeling, production, disposal or
remediation of any Hazardous Substance or Hazardous Condition, in each case as amended and as now
or hereafter in effect, and (ii) any common law or equitable doctrine (including, without
limitation, injunctive relief and tort doctrines such as negligence, nuisance, trespass and strict
liability) that impose liability or obligations or injuries or damages due to or as a result of the
presence of, exposure to, or ingestion of, any Hazardous Substance. The term Environmental Law
includes, without limitation, the federal Comprehensive Environmental Response Compensation and
Liability Act of 1980, the Superfund Amendments and Reauthorization Act, the federal Water
Pollution Control Act, the federal Clean Air Act, the federal Clean Water Act, the federal
Resources Conservation and Recovery Act of 1976 (including the Hazardous and Solid Waste Amendments
to RCRA), the federal Solid Waste Disposal Act, the federal Toxic Substance Control Act, the
federal Insecticide, Fungicide and Rodenticide Act, the federal Occupational Safety and Health Act
of 1970, the federal National Environmental Policy Act and the federal Hazardous Materials
Transportation Act, each as amended and as now or hereafter in effect and any similar state or
local Law.

“Environmental Violation” shall mean any of the following that shall occur (or have occurred)
at any time during the Term or during the occupancy of the Leased Premises, prior to the
Commencement Date, by Tenant (including any entity that controls, is controlled by, or is under
common control with Tenant):

          (i)     Any direct or indirect discharge, disposal, spillage, emission, escape, pumping, pouring,
injection, leaching, release, seepage, filtration or transporting of any Hazardous Substance at,
upon, under, onto or within the Leased Premises, or from the Leased Premises to the environment, to
the extent that the same

I-5

 

either (1) violates any applicable Environmental Law or (2) is so in excess of any reportable
quantity established under any Environmental Law that such excess quantity (x) would require
remediation under any applicable Environmental Law or (y) would be likely to result in any
liability to any federal, state or local government or any other Person for the costs of any
removal or remedial action or natural resources damage or for bodily injury or property damage;

          (ii)     the abandonment or discarding of any barrels, containers or other receptacles containing
any Hazardous Substances in violation of any applicable Environmental Laws;

          (iii)     any activity, occurrence or condition which is likely to result in any liability, cost
or expense to Landlord or any other owner or occupier of the Leased Premises, or which would result
in a creation of a lien on the Leased Premises under any applicable Environmental Law; or

          (iv)     any violation of or noncompliance with any applicable Environmental Law.

“Event of Default” shall mean an Event of Default as defined in Paragraph 21.

“Expiration Date” shall mean the Expiration Date as defined in Paragraph 5 and the Basic Lease
Information.

“GAAP” shall mean Generally Accepted Accounting Principles, consistently applied.

[“Guarantor” shall mean Rockwell Automation, Inc. if Tenant is a subsidiary thereof, together
with any other Person that after the date hereof executes a Guaranty Agreement.]

[“Guaranty” shall mean the Guaranty Agreement dated as of the date hereof from Guarantor to
Landlord.] [Guaranty shall be in substantially the form set forth on the attached Schedule
B.]

“Hazardous Condition” means any condition which would support any claim or liability under any
Environmental Law, including the presence of underground storage tanks in violation of any
applicable Environmental Law.

“Hazardous Substance” means (i) any substance, material, product, petroleum, petroleum
product, derivative, compound or mixture, mineral (including asbestos), chemical, gas, medical
waste, or other pollutant, in each case whether naturally occurring, man-made or the by-product of
any process, that is toxic, harmful or hazardous to the environment or public health or safety or
(ii) any substance supporting a claim under any Environmental Law. Hazardous Substances include,
without limitation, any toxic or hazardous waste, pollutant, contaminant, industrial waste,
petroleum or petroleum-derived substances or waste, radioactive materials, asbestos, asbestos

I-6

 

containing materials, urea formaldehyde foam insulation, lead, and polychlorinated biphenyls.

“Impositions” shall mean the Impositions as defined in Paragraph 9.

“Improvements” shall mean the Improvements as defined in Paragraph 2 and Paragraph 31(h).

“Initial Term” shall mean the Initial Term as defined in Paragraph 5 and the Basic Lease
Information.

“Initial Term Basic Rent” shall mean the Initial Term Basic Rent, as defined in Paragraph 6
and the Basic Lease Information.

“Insurance Requirements” shall mean the requirements of all insurance policies maintained in
accordance with this Lease.

“Land” shall mean the Land as defined in Paragraph 2 and legally described on Appendix
A.

“Landlord Indemnified Parties” shall mean the Landlord Indemnified Parties as defined in
Paragraph 15(a) of this Lease Agreement.

“Law” shall mean any constitution, statute, rule of law, code, ordinance, order, judgment,
decree, injunction, rule, regulation, or administrative or judicial determination, even if
unforeseen or extraordinary, of every duly constituted governmental authority, court or agency, now
or hereafter enacted or in effect.

“Lease” shall mean this Lease Agreement.

“Lease Year” shall mean, with respect to the first Lease Year, the period commencing on the
Commencement Date and ending at midnight on the last day of the twelfth (12th)
consecutive calendar month following the month in which the Commencement Date occurred, and each
succeeding twelve (12) month period during the Term.

“Leased Premises” shall mean the Leased Premises as defined in Paragraph 2.

“Legal Requirements” shall mean the requirements of all present and future Laws (including but
not limited to Environmental Laws) and all covenants, restrictions and conditions now or hereafter
of record which may be applicable to Tenant or to the Leased Premises, or to the use, manner of
use, occupancy, possession, operation, maintenance, alteration, repair or restoration of the Leased
Premises.

“LIBOR” shall mean the London Inter Bank Offer Rate for one-year obligations, as published,
from time to time, in The Wall Street Journal as the “LIBOR Rate (1 yr.)” in its column
entitled “Money Rates.” In the event The Wall Street Journal

I-7

 

ceases publication or ceases to publish the “LIBOR Rate (1 yr.)” as described above, LIBOR
shall be Federal Discount Rate as published, from time to time, in The Wall Street Journal
as the “Federal Discount Rate” in its column entitled “Money Rates.”

“Mortgage” shall mean a Mortgage as defined in Paragraph 28(a).

“Net Award” shall mean (a) the entire award payable to Landlord by reason of a Condemnation
whether pursuant to a judgment or by agreement or otherwise, or (b) the entire proceeds of any
insurance required under Paragraph 16(a) (to the extent payable to Landlord), less any reasonable
expenses incurred by Landlord in collecting such award or proceeds.

“Partial Casualty” shall mean any Casualty which does not constitute a Termination Event.

“Partial Condemnation” shall mean any Condemnation which does not constitute a Termination
Event.

“Permitted Encumbrances” shall mean those covenants, restrictions, reservations, liens,
conditions and easements and other encumbrances listed on Appendix B hereto (but such
listing shall not be deemed to revive any such encumbrances that have expired or terminated or are
otherwise invalid or unenforceable).

“Permitted Third Party Transferee” shall mean the Permitted Third Party Transferee as defined
in Paragraph 20(g).

“Person” shall mean an individual, partnership, association, limited liability company,
corporation or other entity.

“Present Value” of any amount shall mean such amount discounted by a rate per annum which is,
at the time such present value is determined, the lower of (a) the Prime Rate or (b) LIBOR plus two
hundred (200) basis points.

“Prime Rate” shall mean the interest rate per annum as published, from time to time, in
The Wall Street Journal as the “Prime Rate” in its column entitled “Money Rates”. In the
event The Wall Street Journal ceases publication or ceases to publish the “Prime Rate” as
described above, the Prime Rate shall be the average per annum discount rate (the “Discount Rate”)
on ninety-one (91) day bills (“Treasury Bills”) issued from time to time by the United States
Treasury at its most recent auction, plus three hundred (300) basis points. If no such 91-day
Treasury Bills are then being issued, the Discount Rate shall be the discount rate on Treasury
Bills then being issued for the period of time closest to ninety-one (91) days.

“Purchase Agreement” shall mean the Purchase Agreement as defined in Paragraph 12(d).

“Renewal Notice” shall mean each Renewal Notice as defined in Paragraph 5(b).

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“Renewal Term” shall mean each Renewal Term as defined in Paragraph 5 and the Basic Lease
Information.

“Renewal Term Basic Rent” shall mean the Renewal Term Basic Rent, as defined in Paragraph 6
and the Basic Lease Information

“Rent” shall mean, collectively Basic Rent and Additional Rent.

“Restoration Fund” shall mean Restoration Fund as defined in Paragraph 19(a).

“Site Assessment” shall mean Site Assessment as defined in Paragraph 10(c).

“State” shall mean the state in which the Leased Premises are located.

“Surviving Obligations” shall mean any obligations of Tenant under this Lease which arise on
or prior to the expiration or prior termination of this Lease or which survive such expiration or
termination by their own terms.

“Term” shall mean the Initial Term and every exercised Renewal Term.

“Termination Date” shall mean the Termination Date as defined in Paragraph 5(e).

“Termination Event” shall mean a Termination Event as defined in Paragraph 18.

“Termination Notice” shall mean Termination Notice as defined in Paragraph 18.

“Threshold Amount” shall mean the amount as set forth in the Basic Lease Information.

2.     Demise of Premises. Landlord hereby demises and lets to Tenant, and Tenant hereby
takes and leases from Landlord, for the Term and upon the provisions hereinafter specified, the
following described property (hereinafter referred to as the “Leased Premises” which premises shall
include:

          (i)     Such parcel(s) of real property as are depicted, legally described, or otherwise
identified on the Appendix A attached to and made a part of this Lease, together with all
of Landlord’s right, title, and interest in and to all of the following: (a) any privileges,
profits, easements, interests, or rights that are in any manner appurtenant thereto; and (b) all of
the beds of any streets within or adjoining such real property, up to the center of such beds; all
of which collectively shall be referred to as the “Land”; and

I-9

 

          (ii)     All buildings and other improvements and fixtures located, as of the Commencement Date,
upon the Land, including, without limitation, all of Landlord’s right, title, and interest in and
to the following: (a) any mechanical systems structurally incorporated into such buildings,
improvements, or fixtures (such as heating and air conditioning, mechanical, electrical, and
plumbing systems); (b) any facilities used to provide any utility service, ventilation, or
municipal services to such buildings, improvements, or fixtures (including, without limitation, all
water, sewer, gas, electricity, and other utility pipes and lines and all other facilities therein
or appurtenant thereto); and (c) any and all shrubbery and plantings forming a part thereof, all of
which included items shall collectively be referred to as the “Improvements.”

	 	3.	 	Title and Condition.

(a)     The Leased Premises are demised and let subject to (i) the rights of any Persons in
possession of the Leased Premises, (ii) the existing state of title of the Leased Premises,
including any Permitted Encumbrances, (iii) any state of facts which an accurate survey or physical
inspection of the Leased Premises might show, (iv) all Legal Requirements, including any existing
violation of any thereof, and (v) the condition of the Leased Premises as of the commencement of
the Term, without representation or warranty by Landlord.

(b)     LANDLORD LEASES AND WILL LEASE AND TENANT TAKES AND WILL TAKE THE LEASED PREMISES AS
IS. TENANT ACKNOWLEDGES THAT LANDLORD HAS NOT MADE AND WILL NOT MAKE, NOR SHALL LANDLORD BE
DEEMED TO HAVE MADE, ANY WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, WITH RESPECT TO THE LEASED
PREMISES, INCLUDING ANY WARRANTY OR REPRESENTATION AS TO (i) ITS FITNESS, DESIGN OR CONDITION FOR
ANY PARTICULAR USE OR PURPOSE, (ii) THE QUALITY OF THE MATERIAL OR WORKMANSHIP THEREIN, (iii) THE
EXISTENCE OF ANY DEFECT, LATENT OR PATENT, (iv) LANDLORD’S TITLE THERETO, (v) VALUE, (vi)
COMPLIANCE WITH SPECIFICATIONS, (vii) LOCATION, (viii) USE, (ix) CONDITION, (x) MERCHANTABILITY,
(xi) QUALITY, (xii) DESCRIPTION, (xiii) DURABILITY (xiv) OPERATION (xv) THE EXISTENCE OF ANY
HAZARDOUS SUBSTANCE, OR (xvi) COMPLIANCE OF THE LEASED PREMISES WITH ANY LAW OR LEGAL REQUIREMENT;
AND ALL RISKS INCIDENT THERETO ARE TO BE BORNE BY TENANT. IN THE EVENT OF ANY DEFECT OR DEFICIENCY
IN THE LEASED PREMISES OF ANY NATURE, WHETHER LATENT OR PATENT, LANDLORD SHALL NOT HAVE ANY
RESPONSIBILITY OR LIABILITY WITH RESPECT THERETO AS TO TENANT, OR FOR ANY INCIDENTAL OR
CONSEQUENTIAL DAMAGES (INCLUDING STRICT LIABILITY IN TORT). THE PROVISIONS OF THIS PARAGRAPH 3(b)
HAVE BEEN NEGOTIATED, AND ARE INTENDED TO BE A COMPLETE EXCLUSION AND NEGATION OF ANY WARRANTIES BY
LANDLORD TO TENANT, EXPRESS OR IMPLIED, WITH RESPECT TO THE LEASED PREMISES, ARISING PURSUANT TO
THE UNIFORM COMMERCIAL CODE OR ANY OTHER LAW NOW OR HEREAFTER IN EFFECT OR ARISING OTHERWISE.

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(c)     Tenant acknowledges that (i) fee simple title (both legal and equitable) to the Leased
Premises is in Landlord and that Tenant has only the leasehold right of possession and use of the
Leased Premises as provided herein.

(d)     Landlord hereby assigns to Tenant, without recourse or warranty, all assignable
warranties, guaranties, indemnities and similar rights (collectively “Warranties”) which Landlord
may have against any manufacturer, seller, engineer, contractor or builder in respect of the Leased
Premises. Such assignment shall remain in effect until the expiration or earlier termination of
this Lease, whereupon such assignment shall cease and all of said Warranties shall automatically
revert to Landlord.

	 	4.	 	Use of Leased Premises; Quiet Enjoyment.

(a)     Tenant may occupy and use the Leased Premises for manufacturing, office, and/or
warehouse/distribution, and/or any other use permitted under Law or Legal Requirements, and for no
other purpose without the written consent of Landlord, which consent shall not unreasonably be
conditioned, withheld, or delayed; provided, however, that Tenant shall not use or occupy or permit
the Leased Premises to be used or occupied, nor do or permit anything to be done in or on the
Leased Premises, in a manner which would violate any Law or Legal Requirement.

(b)     Subject to the provisions hereof, so long as no Event of Default has occurred and is
continuing, Tenant shall quietly hold, occupy and enjoy the Leased Premises throughout the Term,
without any hindrance, ejection or molestation by Landlord or those claiming by, through or under
Landlord, provided that Landlord or its agents may enter upon and examine the Leased Premises at
reasonable times and upon reasonable prior notice to Tenant (except in the case of any emergency,
in which event no notice shall be required) for the purpose of inspecting the Leased Premises,
verifying compliance or non-compliance by Tenant with its obligations hereunder and the existence
or non-existence of an Event of Default or event which with the passage of time and/or notice would
constitute an Event of Default, showing the Leased Premises to prospective lenders and purchasers
and taking such other action with respect to the Leased Premises as is permitted by any provision
hereof.

	 	5.	 	Term.

(a)     Subject to the provisions hereof, Tenant shall have and hold the Leased Premises for an
initial term (such term, as extended or renewed in accordance with the provisions hereof, being
called the “Initial Term”) commencing on the Commencement Date and ending on the Expiration Date as
set forth in the Basic Lease Information.

(b)     Provided that if, on or prior to the Expiration Date or any other Renewal Date (as
hereinafter defined) this Lease shall not have been terminated pursuant to any provision hereof,
then Tenant shall have the options to extend this Lease as provided in the Basic Lease Information
(each such extension, a “Renewal Term”). Tenant shall exercise its option to extend the Term for
each Renewal Term only by

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giving written notice (in each instance, a “Renewal Notice”) to Landlord no later than twelve
(12) months prior to the scheduled expiration of the Initial Term or the then-current Renewal Term,
as the case may be. Notwithstanding the requirement of this Paragraph 5(b) that Tenant shall
exercise its option to extend the Term, if at all, by delivering a Renewal Notice to Landlord no
later than twelve (12) months prior to the scheduled expiration of the Initial Term (or, if
applicable, the then-current Renewal Term), Landlord and Tenant acknowledge that Tenant’s
inadvertent failure to timely provide a Renewal Notice would be unduly punitive, and thus further
agree that the option(s) to renew accorded Tenant under this Paragraph 5(b) shall not in any event
expire until Landlord shall have provided Tenant both (i) written notice that the deadline for
Tenant’s timely delivery of the Renewal Notice has lapsed and (ii) ten (10) days after Tenant’s
receipt of Landlord’s lapse notice to deliver the requisite Renewal Notice. If Tenant shall
deliver the requisite Renewal Notice within such ten (10) day period after receiving Landlord’s
lapse notice, Landlord agrees that such Renewal Notice shall be deemed timely. It shall be a
condition precedent to Tenant’s right to deliver a Renewal Notice that there shall not, at the date
on which Tenant delivers the Renewal Notice, exist an Event of Default by Tenant under this Lease.
It shall further be a condition precedent to Tenant’s entitlement to commence a Renewal Term that
there shall not, at the date on which the relevant Renewal Term commences, exist an Event of
Default by Tenant under this Lease.

(c)     Any such extensions of the Term shall be subject to all of the provisions of this Lease,
as the same may be amended, supplemented or modified.

(d)     If Tenant fails to exercise its option pursuant to Paragraph 5(b) to have the Term
extended, then Landlord shall have the right during the remainder of the Term then in effect and,
in any event, Landlord shall have the right during the last year of the Term, to (i) advertise the
availability of the Leased Premises for sale or reletting and to erect upon the Leased Premises
signs indicating such availability and (ii) subject to the expressed limitations set forth below,
show the Leased Premises to any Permitted Third Party Transferees (and agents of the same) who are
prospective purchasers or tenants, doing so at reasonable times upon reasonable prior notice to
Tenant. In the exercise of said rights, Landlord shall provide Tenant at least two (2) business
days’ notice in advance of any such showing, shall assure that every Person viewing the Leased
Premises observe all reasonable safety rules specified by Tenant, and shall not unreasonably
interfere with the operation of Tenant’s business at the Leased Premises. In addition, Landlord
acknowledges that Tenant shall have the right to designate specified areas of the Leased Premises
as restricted from access during such showings, and that no prospective purchaser, tenant, or agent
viewing the Leased Premises pursuant to this Paragraph 5(d) shall be allowed to view any areas so
designated unless the Person(s) to be shown the same shall first execute a confidentiality
agreement, in a form then provided by Landlord that is reasonably acceptable to Landlord and
Tenant, establishing the confidentiality of information that such Person(s) may gain during any
viewing of the Leased Premises with respect to Tenant’s occupancy, operations, business and
manufacturing processes, lines of business, inventory, materials, and personnel thereon.

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(e)     Tenant shall have the option (“Termination Right”) to terminate this Lease at [insert
permitted termination date, based on Initial Term Lease, as described in the Basic Lease
Information] (“Termination Date”). If Tenant elects to exercise the Termination Right, Tenant
shall deliver written notice to Landlord (“Termination Notice”) at least twelve (12) months before
the Termination Date. Additionally, if Tenant desires to exercise the Termination Right, Tenant
shall be obligated to pay to Landlord a termination fee in an amount equal to the product of (i)
twelve (12) times (ii) the monthly Initial Term Basic Rent (“Termination Fee”). Fifty percent
(50%) of the Termination Fee is due and payable simultaneously with the delivery of the Termination
Notice and fifty percent (50%) of the Termination Fee is due on the Termination Date. If Tenant
fails to timely and properly exercise its Termination Right, then Tenant shall automatically be
deemed to have irrevocably waived the Termination Right. It shall be a condition precedent to
Tenant’s right to deliver a Termination Notice that there shall not, at the date on which Tenant
delivers the Termination Notice, exist an Event of Default by Tenant under this Lease. It shall
further be a condition precedent to Tenant’s entitlement to terminate this Lease on the Termination
Date that there shall not, at the date on the Termination Date, exist an Event of Default by Tenant
under this Lease. Upon the Termination Date, all obligations and liabilities of Tenant hereunder
shall terminate except any Surviving Obligations.

6.     Basic Rent. Tenant shall pay or cause to be paid to Landlord, as annual rent for
the Leased Premises, the following amounts, which amounts shall be payable in equal monthly
installments commencing on the Commencement Date and continuing on the first day of each calendar
month thereafter during the Term (each such day being a “Basic Rent Payment Date”): During the
Initial Term, the Initial Term Basic Rent, as set forth in the Basic Lease Information; and during
a Renewal Term, the Renewal Term Basic Rent for the pertinent Renewal Term, as set forth the Basic
Lease Information. (Both the Initial Term Basic Rent and the Renewal Term Basic Rent, in the
amounts payable under this Lease, shall be known for purposes of this Lease as the “Basic Rent”.)
Each such rental payment shall be made to Landlord at its address set forth in the Basic Lease
Information and/or to such other Persons, at such addresses as Landlord may direct by fifteen (15)
days’ prior written notice to Tenant. Pro rata Basic Rent for the period from the date hereof
through the last day of the month hereof shall be paid on the date hereof.

	 	7.	 	Late Charge; Default Rate.

(a)     Tenant shall pay and discharge:

          (i)     after the date all or any portion of any installment of Basic Rent is due and not paid, an
amount equal to five percent (5%) of the amount of such unpaid installment or portion thereof,
provided, however, that with respect to the first two late payments of all or any portion of any
installment of Basic Rent in any Lease Year, such late charge shall not be due and payable unless
the Basic Rent has not been paid within ten (10) days following the due date thereof; and

I-13

 

          (ii)     interest at the rate (the “Default Rate”) of three percent (3%) over the Prime Rate per
annum on the following sums until paid in full: (A) all overdue installments of Basic Rent not
paid within ten (10) days after the respective due dates thereof, and (B) all amounts of Additional
Rent relating to obligations which Landlord shall have paid on behalf of Tenant not paid within
fifteen (15) days of the respective due dates.

(b)     Tenant shall pay and discharge any Additional Rent within fifteen (15) days after
Landlord’s written demand for payment thereof.

(c)     In no event shall amounts payable under Paragraph 7(a)(i) and (ii) exceed the maximum
amount permitted by applicable law.

	 	8.	 	Net Lease; Non-Terminability.

(a)     This is a net lease and all Rent shall be paid without notice or demand and, without
set-off, counterclaim, recoupment, abatement, suspension, deferment, diminution, deduction,
reduction or defense (collectively, a “Set-Off”), except as otherwise expressly provided in this
Lease.

(b)     Except as otherwise expressly provided herein, this Lease and the rights of Landlord and
the obligations of Tenant hereunder shall not be affected by any event or for any reason or cause
whatsoever foreseen or unforeseen.

(c)     The obligations of Tenant hereunder shall be separate and independent covenants and
agreements, all Rent shall continue to be payable in all events (or, in lieu thereof, Tenant shall
pay amounts equal thereto), and the obligations of Tenant hereunder shall continue unaffected
unless the requirement to pay or perform the same shall have been terminated pursuant to an express
provision of this Lease. All Rent payable by Tenant hereunder shall constitute “rent” for all
purposes (including Section 502(b)(6) of the Federal Bankruptcy Code).

(d)     Except as otherwise expressly provided herein, Tenant shall have no right and hereby
waives all rights which it may have under any Law (i) to quit, terminate or surrender this Lease or
the Leased Premises, or (ii) to any Set-Off of any Rent.

9.     Payment of Impositions. Tenant shall pay and discharge, prior to delinquency, all
taxes (including real and personal property, franchise, sales, gross receipts and rent taxes), all
charges for any easement or agreement maintained for the benefit of the Leased Premises, all
assessments and levies, all permit, inspection and license fees, all rents and charges for water,
sewer, utility and communication services relating to the Leased Premises, and all other public
charges whether of a like or different nature, even if unforeseen or extraordinary, imposed upon or
assessed against (i) Tenant, (ii) Tenant’s possessory interest in the Leased Premises, (iii) the
Leased Premises, or (iv) Landlord as a result of or arising in respect of the ownership, occupancy,
leasing, use, or possession of the Leased Premises, any activity conducted on the Leased Premises,
or the Rent (collectively, the “Impositions”); provided, that nothing herein shall obligate

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Tenant to pay any of the following: (A) income, excess profits or other taxes of Landlord
which are determined on the basis of Landlord’s net income or net worth (unless such taxes are in
lieu of or a substitute for any other tax, assessment or other charge upon or with respect to the
Leased Premises which, if it were in effect, would be payable by Tenant under the provisions hereof
or by the terms of such tax, assessment or other charge); (B) any estate, inheritance, succession,
gift or similar tax imposed on Landlord; (C) any capital gains tax imposed on Landlord in
connection with the sale of the Leased Premises to any Person; (D) any transfer taxes or fees due
in connection with a sale or transfer of the Leased Premises to any Person; (E) any mortgage
registration tax or fee with respect to any financing obtained by Landlord; or (F) any other
Impositions of any kind caused by, resulting from, or imposed as an incident to Landlord’s sole
dealing with respect to the Leased Premises. If any Imposition may be paid in installments, Tenant
shall have the option to pay such Imposition in installments; in such event, Tenant shall be liable
only for those installments which accrue during the Term. Tenant shall prepare and file all tax
reports required by governmental authorities which relate to the Impositions. Promptly upon
Tenant’s payment of any Impositions, Tenant shall deliver to Landlord copies of receipts or other
evidence of such payment.

	 	10.	 	Compliance with Laws and Easement Agreements; Environmental Matters.

(a)     Tenant shall, at its expense, comply with and conform to, and cause the Leased Premises
and any other Person occupying any part of the Leased Premises to comply with and conform to,
Insurance Requirements and Legal Requirements (including all applicable Environmental Laws).
Tenant shall not at any time (i) cause, permit or suffer to occur or exist any Environmental
Violation or (ii) permit any sublessee, assignee or other Person occupying the Leased Premises
under or through Tenant to cause, permit or suffer to occur or exist any Environmental Violation.
Tenant shall be solely responsible for the cure or remediation of, and Tenant hereby covenants and
agrees that it shall promptly correct, cure and remediate, so far as may be required by any
applicable Environmental Laws, any Environmental Violation that is discovered to exist at any time
during the Term; provided, however, that Tenant shall not in completing such cure or remediation be
deemed to waive any right Tenant may have to pursue any action or remedy against any person or
entity with respect to such Environmental Violation and to Tenant’s cure or remediation thereof,
and indeed such right shall expressly be retained by Tenant alone.

(b)     Tenant, at its sole cost and expense, will at all times promptly and faithfully abide by,
discharge and perform all of the covenants, conditions and agreements contained in any Easement
Agreement on the part of Landlord or the occupier to be kept and performed thereunder. Tenant will
not alter, modify, amend or terminate any Easement Agreement, give any consent or approval
thereunder, or enter into any new Easement Agreement without, in each case, the prior written
consent of Landlord, which consent shall not unreasonably be conditioned, withheld, or delayed.

(c)     Upon prior written notice from Landlord, Tenant shall permit such Persons as Landlord may
designate (“Site Reviewers”) to visit the Leased Premises and

I-15

 

perform environmental site investigations and assessments (“Site Assessments”) on the Leased
Premises (i) for the purpose of determining whether there exists on the Leased Premises any
Environmental Violation, (ii) in connection with any sale, financing or refinancing of the Leased
Premises, (iii) if an Event of Default exists, or (iv) at any other time that, in the opinion of
Landlord, a reasonable basis exists to believe that an Environmental Violation exists. Such Site
Assessments may include both above and below the ground testing for Environmental Violations and
such other tests as may be necessary, in the reasonable opinion of the Site Reviewers, to conduct
the Site Assessments. Tenant shall supply to the Site Reviewers such historical and operational
information regarding the Leased Premises as may be reasonably requested by the Site Reviewers to
facilitate the Site Assessments, and shall make available for meetings with the Site Reviewers
appropriate personnel having knowledge of such matters. The cost of any Site Assessments shall be
paid by Landlord, unless it is determined that Tenant is in violation of any applicable
Environmental Law, in which event Tenant shall pay the reasonable cost thereof.

(d)     If Tenant fails to reasonably comply with any requirement of any applicable Environmental
Law in connection with any Environmental Violation which occurs or is found to exist, Landlord
shall have the right (but not the obligation) to take such actions as Landlord shall deem
reasonably necessary or advisable in order to cure such Environmental Violation in the manner, and
to the extent, required by any applicable Environmental Laws. Any reasonable and out-of-pocket
expenses actually incurred by Landlord pursuant to the preceding sentence shall constitute
Additional Rent under this Lease, and thus shall be due and payable to Landlord pursuant to
Paragraph 7(b) of this Lease. Tenant shall, however, assume all rights of action or remedy against
every person or entity with respect to every Environmental Violation for which Tenant shall
reimburse Landlord any expenses as Additional Rent under this Lease.

(e)     Tenant shall notify Landlord, in writing with reasonable detail, immediately after
becoming aware of any Environmental Violation or noncompliance with any of the covenants contained
in this Paragraph 10 and shall forward to Landlord promptly within ten (10) business days of
receipt thereof copies of all orders, reports, notices, permits, applications or other
communications relating to any such violation or noncompliance.

	 	11.	 	Liens; Recording.

(a)     Other than in connection with the granting of a leasehold mortgage pursuant to the express
provisions of Paragraph 20(f) of this Lease, Tenant shall not, directly or indirectly, create or
permit to be created or to remain and shall promptly discharge or remove any lien, levy or
encumbrance on the Leased Premises or on any Rent or any other sums payable by Tenant under this
Lease, other than the Permitted Encumbrances and any mortgage, lien, encumbrance or other charge
created by or resulting from any act or omission of Landlord. NOTICE IS HEREBY GIVEN THAT LANDLORD
SHALL NOT BE LIABLE FOR ANY LABOR, SERVICES OR MATERIALS FURNISHED OR TO BE FURNISHED TO TENANT OR
TO ANYONE HOLDING OR OCCUPYING THE LEASED PREMISES THROUGH OR UNDER

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TENANT, AND THAT NO MECHANICS’ OR OTHER LIENS FOR ANY SUCH LABOR, SERVICES OR MATERIALS SHALL
ATTACH TO OR AFFECT THE INTEREST OF LANDLORD IN AND TO THE LEASED PREMISES. LANDLORD MAY AT ANY
TIME POST ANY NOTICES ON THE LEASED PREMISES REGARDING SUCH NON-LIABILITY OF LANDLORD.

(b)     At the request of Landlord or Tenant, Tenant and Landlord shall execute, deliver and
record, file or register (collectively, “record”) all such instruments as may be required or
permitted by any present or future Law in order to evidence the respective interests of Landlord
and Tenant in the Leased Premises, and shall cause a memorandum of this Lease, and any supplement
hereto or thereto, to be recorded in such manner and in such places as may be required or permitted
by any present or future Law in order to protect the validity and priority of this Lease.

	 	12.	 	Maintenance and Repair.

(a)     Subject to the provisions of Paragraphs 12(b) and 12(c) below, Tenant shall at all times
maintain the Leased Premises in as good repair and appearance as such Leased Premises is in on the
date hereof and fit to be used for the intended use thereof in accordance with the practices
generally recognized as then acceptable by other companies in its industry and operating comparable
real properties in the geographic region in which the Leased Premises is located, reasonable wear
and tear excepted. Without limitation of Tenant’s general obligations under this Paragraph 12(a),
Tenant further covenants and agrees that, throughout the Term, Tenant shall act diligently and in
good faith to make determinations as to when any one or more of the structural components or
building systems comprising portions of the Leased Premises (e.g. roof, heating, ventilating, air
conditioning, asphalt parking lot) has/have reached, or is/are nearing, the end of the useful life
of the particular structural component(s) or building system(s), and Tenant shall be responsible
for the prompt replacement of (rather than the further repair of) the structural component(s)
and/or building system(s) that has reached or is nearing, in Tenant’s reasonable discretion, the
end of its respective use life. Tenant shall promptly make all repairs or replacement of every
kind and nature, whether foreseen or unforeseen, which may be required to comply with the foregoing
requirements of this Paragraph 12(a). Subject to the provisions of Paragraphs 12(b) and 12(c)
below, Landlord shall not be required to make any repair, whether foreseen or unforeseen, or to
maintain the Leased Premises in any way, and Tenant hereby expressly waives any right which may be
provided for in any Law now or hereafter in effect to make repairs at the expense of Landlord or to
require Landlord to make repairs. Any repairs made by Tenant pursuant to this Paragraph 12(a)
shall be made in conformity with the provisions of Paragraph 13.

(b)     Notwithstanding any provision to the contrary contained in this Lease (except Paragraph
12(c), below), Tenant shall not, during the final two (2) Lease Years of the Term, be required to
make any replacements to the Improvements and/or the Leased Premises that would be considered
capital expenditures under GAAP. Rather, subject only to Paragraph 12(c) below, in all such
instances first occurring during the last two (2) Lease Years of the Term in which (i) a
replacement is required (despite Tenant’s

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compliance with its obligations under Paragraph 12(a) above), (ii) a replacement shall
constitute a capital expenditure (as determined in accordance with GAAP), and (iii) Tenant shall
not yet have delivered a Renewal Notice pursuant to Paragraph 5(b) of this Lease, Landlord shall be
obligated to make such replacements at Landlord’s expense, and Tenant shall pay to Landlord, as
Additional Rent, only Tenant’s Share (as defined below) of the cost of such replacement(s) as
provided herein. “Tenant’s Share” of the cost of each applicable capital replacement required to
be made by Landlord during the last two (2) Lease Years of the Term shall be calculated by
multiplying the actual, out-of-pocket cost to Landlord of that particular capital replacement
(which cost shall not include any management fee, installation surcharge, or soft cost of any kind
imposed by Landlord, as opposed to a third party, with respect to such capital replacement) by a
fraction, the numerator of which shall be the remaining number of years in the Term of this Lease
at the time the pertinent capital replacement is commenced, and the denominator of which shall be
the useful life (in years) of the replacement then in question, determined in accordance with GAAP.
Tenant’s Share of the cost of each applicable capital replacement shall constitute Additional
Rent, but any Additional Rent due under this Paragraph 12(b) shall be payable within thirty (30)
days after Tenant’s receipt from Landlord of reasonable written evidence showing Landlord’s (i)
payment of the total cost of the replacement and (ii) determination of Tenant’s Share of the cost
thereof calculated in accordance with the provisions hereof.

(c)     The provisions of Paragraph 12(b) shall, in all events and instances, be subject to the
following limitations (such that if there is a conflict between the provisions of Paragraph 12(b)
and those of this Paragraph 12(c), the provisions of this Paragraph 12(c) shall control in all
events):

          (i)     If Landlord incurs a cost generally considered a capital expenditure under GAAP (a
“Capital Expenditure”) at any time during the last two (2) Lease Years of the Term, and if Landlord
has billed to Tenant Tenant’s Share of such capital expenditure, calculated in accordance with the
preceding provisions of Paragraph 12(b), and if after Landlord incurs such Capital Expenditure,
Tenant shall deliver a Renewal Notice pursuant to Paragraph 5(b) of this Lease, Tenant shall be
obligated to pay to Landlord, as Additional Rent pursuant to Paragraph 7(b), the difference between
(x) the actual total cost of the Capital Expenditure paid by Landlord less (y) the payment
previously made to Landlord by Tenant representing Tenant’s Share of such capital expenditure,
calculated in accordance with the preceding provisions of Paragraph 12(b);

          (ii)     If Tenant timely delivers a Renewal Notice, then from and after the delivery of such
Renewal Notice, Landlord shall have no obligation to perform or incur capital expenditures under
Paragraph 12(b) during the remainder of the then-applicable Term, prior to the commencement of the
then-applicable Renewal Term; and

          (iii)     If the need for any capital replacement during the final two (2) Lease Years is based
upon the expiration of the useful life of the structural or mechanical component in question (e.g.
roof, HVAC system, asphalt parking lot), as reasonably determined by Landlord, and such expiration
shall be the direct result of

I-18

 

Tenant’s failure to timely comply with the maintenance requirements of Paragraph 12(a), then the
provisions of Paragraph 12(b) shall not apply, and Tenant shall be solely responsible for the
prompt and proper replacement (in accordance with the requirements of Paragraph 13) of that
structural or mechanical component of the Leased Premises for which the useful life has expired or
shall expire during the final two (2) Lease Years, as reasonably determined by Landlord.

(d)     Landlord hereby covenants that Landlord shall not take any action to terminate, nor permit
by Landlord’s failure or inaction any termination of, any contractual right (including, without
limitation, any warranty) arising under any maintenance-related or repair-related permit, license,
or contract conveyed to Landlord under Section 9(a)(5) of Purchase and Sale Agreement dated as of
August 1, 2005 between Rockwell Automation, Inc. and First Industrial Acquisitions, Inc. (“Purchase
Agreement”). In addition, Landlord acknowledges that Tenant shall be authorized to act as
Landlord’s attorney-in-fact for the purposes of all such permits, licenses, and contracts.

	 	13.	 	Alterations and Improvements.

(a)     Tenant shall have the right, with no consent of Landlord being required, to make
Alterations (whether structural or non-structural) that do not cost in excess of the Threshold
Amount as set forth in the Basic Lease Information; provided, however, that any such Alterations
shall be substantially completed, according to the requirements set forth in Paragraph 13(c) of
this Lease, before the Expiration Date.

(b)     If the cost of any Alterations is in excess of the Threshold Amount, or if Tenant shall
wish to construct upon the Land any additional buildings, Tenant shall satisfy the following
requirements.

          (i)     Before commencing any Alterations, Tenant shall furnish Landlord with (A) detailed plans
and specifications of the proposed Alterations and (B) a surety company performance bond, naming
Landlord as a beneficiary, that is issued by a surety company licensed to do business in the state
in which the Leased Premises are located, that is in an amount equal to the estimated cost of such
Alterations, and that guarantees the completion of such Alterations, within a reasonable time after
their commencement, free and clear of all mechanic’s liens or other liens, encumbrances, security
interests, and charges. Tenant shall prosecute all Alterations with reasonable dispatch, excepting
only delays due to strikes, lockouts, acts of God, inability to obtain labor or materials,
governmental restrictions or similar causes beyond the control of Tenant; provided, however, that
any such Alterations shall be substantially completed, according to the requirements set forth in
Paragraph 13(c) of this Lease, before the Expiration Date.

          (ii)     At all times during the construction of the Alterations, Tenant shall maintain, at its
sole expense (or shall require that its contractor(s) maintain, at its or their sole expense), one
or more policies of builder’s risk insurance that shall satisfy the requirements of Paragraph
16(a)(vi) of this Lease.

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          (iii)     No Alterations shall be in or connect the Improvements with any property, building, or
other improvement located outside the boundaries of the parcel(s) of real property depicted,
legally described, or otherwise identified on the Appendix A attached to and made a part of
this Lease, nor shall the same obstruct or interfere with any existing easement.

Provided that Tenant shall submit the required documents with respect to the proposed Alterations,
Landlord shall grant its written approval. Except for those Alterations required by Law or for
which Landlord has agreed in writing that removal will not be required, Landlord shall have the
right to require Tenant to remove any Alterations upon expiration of the Term. At the time Tenant
requests Landlord’s consent to construct an Alteration or at other times, Landlord shall, if
requested by Tenant, address whether the Alteration must be removed or not at the end of the Term.
Removal, if required, shall be at Tenant’s sole cost and expense, and Tenant shall further be
required, at Tenant’s expense, to repair to Landlord’s reasonable satisfaction any damage caused to
the Leased Premises as a direct result of such removal.

(c)     If Tenant makes any Alterations pursuant to this Paragraph 13 or as required by Paragraphs
10, 12(a) or 17, or otherwise constructs any expansion or addition to the Leased Premises (such
Alterations and actions being hereinafter collectively referred to as “Work”), then, before
commencing any Work, Tenant shall provide Landlord with written notice of the scope and purpose of
the Work, and all of the following requirements shall apply: (i) the market value of the Leased
Premises shall not be lessened by any such Work, nor shall the usefulness or structural integrity
of the Leased Premises be impaired, (ii) all such Work shall be performed by Tenant in a good and
workmanlike manner, (iii) all such Work shall be expeditiously completed in compliance with all
Legal Requirements, (iv) all such Work shall comply with the requirements of all insurance policies
required to be maintained by Tenant under this Lease, (v) Tenant shall promptly discharge or remove
all liens filed against the Leased Premises arising out of such Work, (vi) Tenant shall procure and
pay for all permits and licenses required in connection with any such Work, and (vii) upon
substantial completion of any Work, Tenant shall deliver to Landlord as-built drawings of the Work
so completed.

14.    Permitted Contests. Notwithstanding any other provision of this Lease, Tenant
shall not be required to (a) pay any Imposition, (b) discharge or remove any lien referred to in
Paragraphs 11 or 13, or (c) comply with any Laws or Easements as provided in Paragraph 10 (such
non-compliance with the terms hereof being hereinafter referred to collectively as “Permitted
Violations”), so long as Tenant shall contest, in good faith, the existence, amount or validity
thereof, the amount of the damages caused thereby, or the extent of its or Landlord’s liability
therefor, by appropriate proceedings which shall operate during the pendency thereof to prevent or
stay (i) the collection of, or other realization upon, the Permitted Violation so contested, (ii)
the sale, forfeiture or loss of the Leased Premises or any Rent to satisfy or to pay any damages
caused by any Permitted Violation, (iii) any interference with the use or occupancy of the Leased
Premises, or (iv) any interference with the payment of any Rent. Tenant shall provide Landlord
security or other evidence of Tenant’s financial wherewithal which is

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satisfactory, in Landlord’s reasonable judgment, to assure that such Permitted Violation is
corrected, including all costs, interest and penalties that may be incurred or become due in
connection therewith. While any proceedings which comply with the requirements of this Paragraph
14 are pending and the required security is held by Landlord or satisfactory evidence of Tenant’s
financial wherewithal has been provided, Landlord shall not have the right to correct any Permitted
Violation thereby being contested unless Landlord is required by law to correct such Permitted
Violation and Tenant’s contest does not prevent or stay such requirement as to Landlord. Each such
contest shall be promptly and diligently prosecuted by Tenant to a final conclusion, except that
Tenant, so long as the conditions of this Paragraph 14 are at all times complied with, has the
right to attempt to settle or compromise such contest through negotiations. Tenant shall pay any
and all losses, judgments, decrees and costs in connection with any such contest and shall,
promptly after the final determination of such contest, fully pay and discharge the amounts which
shall be levied, assessed, charged or imposed or be determined to be payable therein or in
connection therewith, together with all penalties, fines, interest and costs thereto or in
connection therewith, and perform all acts the performance of which shall be ordered or decreed as
a result thereof. No such contest shall subject Landlord to the risk of any civil or criminal
liability.

	 	15.	 	Indemnification.

(a)     Except with respect to, and to the extent of, the negligence or willful acts or omissions
of Landlord, Tenant shall pay, protect, indemnify, defend, save and hold harmless Landlord and the
partners, members, shareholders, officers, directors, managers, agents and employees of Landlord
(collectively, “Landlord Indemnified Parties”) from and against any and all liabilities, losses,
damages, penalties, costs (including reasonable attorneys’ fees and costs), causes of action,
suits, claims, demands or judgments of any nature whatsoever, howsoever caused, without regard to
the form of action and whether based on strict liability, gross negligence, negligence or any other
theory of recovery at law or in equity, arising from (i) any matter pertaining to the use, non-use,
occupancy, operation, management, condition, maintenance, repair or restoration of the Leased
Premises, (ii) any violation by Tenant of any provision of this Lease, any contract or agreement to
which Tenant is a party and which affects the Leased Premises or Landlord, any Legal Requirements
or any Permitted Encumbrance, or (iii) any Environmental Violation, including (A) liability for
response costs and for costs of removal and remedial action incurred by the United States
Government, any state or local governmental unit or any other Person, or damages from injury to or
destruction or loss of natural resources, including the reasonable costs of assessing such injury,
destruction or loss, incurred pursuant to Section 107 of CERCLA, or any successor section or act or
provision of any similar state or local Law, (B) liability for costs and expenses of abatement,
correction or clean-up, fines, damages, response costs or penalties which arise from the provisions
of any of the other Environmental Laws and (C) liability for personal injury or property damage
arising under any statutory or common-law tort theory, including damages assessed for the
maintenance of a public or private nuisance or for carrying on of a dangerous activity.
Notwithstanding the foregoing, however, Tenant shall not have any responsibility or liability
hereunder to the Landlord Indemnified Parties for any incidental or consequential damages of any
kind.

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(b)     In case any action or proceeding is brought against Landlord by reason of any such claim,
(i) Tenant may, except in the event of a conflict of interest or a dispute between Tenant and
Landlord, retain its own counsel and defend such action (it being understood that Landlord may
employ counsel of its choice to monitor the defense of any such action, the cost of which shall be
paid by Landlord), and (ii) Landlord shall notify Tenant to resist or defend such action or
proceeding by retaining counsel reasonably satisfactory to the Landlord, and Landlord will
cooperate and assist in the defense of such action or proceeding if reasonably requested to do so
by Tenant. In the event of a conflict of interest or dispute, Landlord shall have the right to
select counsel, and the reasonable cost of such counsel shall be paid by Tenant.

(c)     The obligations of Tenant under this Paragraph 15 shall survive any termination,
expiration or rejection in bankruptcy of this Lease.

	 	16.	 	Insurance.

(a)     Subject to the provisions of Paragraph 16(k) below, Tenant shall maintain the following
insurance on or in connection with the Leased Premises:

          (i)     Insurance against physical loss or damage to the Improvements as provided under a standard
“All Risk” property policy including but not limited to flood (to the extent that the Leased
Premises is in a flood zone) and earthquake coverage (to the extent the Leased Premises is in an
earthquake zone) in amounts not less than the actual replacement cost of the Improvements. Such
policies shall contain Replacement Cost and Agreed Amount Endorsements.

          (ii)     Commercial General Liability Insurance against claims for personal and bodily injury,
death or property damage occurring on, in or as a result of the use of the Leased Premises, in an
amount not less than $1,000,000 per occurrence with excess liability coverage of not less than
$10,000,000 per occurrence/annual aggregate.

          (iii)     Workers’ Compensation insurance covering all individuals employed by Tenant in
connection with any work done on or about any of the Leased Premises for which claims for death,
disease or bodily injury may be asserted against Landlord, Tenant or the Leased Premises in such
amounts as required by applicable Law, or in lieu of such Workers’ Compensation Insurance, a
program of self-insurance complying with the rules, regulations and requirements of the appropriate
agency of the State in which the Leased Premises is located.

          (iv)     Comprehensive Boiler and Machinery Insurance in an amount not less than $1,000,000 per
accident for damage to property.

          (v)     Business Interruption Insurance at limits to cover all Rent due during the period of
repair or restoration after a Casualty in the amount of all Basic Rent, taxes and insurance
premiums required hereunder for a twelve (12) month period. Such insurance shall name Landlord as
loss payee solely with respect to Rent payable to or for the benefit of the Landlord under this
Lease.

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          (vi)     During any period in which substantial Alterations at the Leased Premises are being
undertaken, builder’s risk insurance covering the total completed value including any “soft costs”
with respect to the Improvements being altered or repaired (on a completed value), replacement cost
of work performed and equipment, supplies and materials furnished in connection with such
construction or repair or repair of Improvements, together with such “soft cost” endorsements and
such other endorsements as Landlord may reasonably require and general liability, and workers’
compensation insurance with respect to the Improvements being constructed, altered or repaired.

          (vii)     Such other insurance (or other terms with respect to any insurance required pursuant to
this Paragraph 16, including without limitation amounts of coverage or form of mortgagee clause) on
or in connection with the Leased Premises as Landlord may reasonably require, which at the time is
usual and commonly obtained in connection with properties similar in type of building size, use and
location to the Leased Premises and by companies the size and nature of Tenant.

(b)     To the extent Tenant is required to carry the insurance required by Paragraph 16(a), such
insurance shall be written by companies which have a Best’s relating of A-:VII or above or a
comparable claims paying ability assigned by Standard & Poor’s Corporation or equivalent rating
agency and are admitted in, and approved to write insurance policies by, the State Insurance
Department for the state in which the Leased Premises is located. Provided Tenant is required to
maintain such insurance, the insurance policies (i) shall be for such terms as Landlord may
reasonably approve and (ii) shall be in amounts sufficient at all times to satisfy any coinsurance
requirements thereof. To the extent Tenant is required to carry the insurance required under
Paragraph 16(a), the insurance referred to in Paragraphs 16(a)(i), 16(a)(iv) and 16(a)(vi) shall
name Landlord as loss payee and Tenant as its interest may appear, and the insurance referred to in
Paragraph 16(a)(ii) shall name Landlord as additional insured to the extent of Tenant’s negligence,
and the insurance referred to in Paragraph 16(a)(v) shall name Landlord as a loss payee. With
respect to the insurance Tenant is required to carry, if said insurance or any part thereof shall
expire, be withdrawn, or become void or voidable, Tenant shall immediately obtain new or additional
insurance that shall satisfy the requirements of this Paragraph 16.

(c)     Each policy required by any provision of Paragraph 16(a), except clause (iii) thereof,
shall provide that it may not be cancelled, substantially modified or allowed to lapse on any
renewal date except after thirty (30) days’ prior notice to Landlord. Each such policy shall also
provide that any loss otherwise payable thereunder shall be payable notwithstanding (i) any act or
omission of Landlord or Tenant which might, absent such provision, result in a forfeiture of all or
a part of such insurance payment, (ii) the occupation or use of any of the Leased Premises for
purposes more hazardous than those permitted by the provisions of such policy, or (iii) any change
in title to or ownership of the Leased Premises.

I-23

 

(d)     Tenant shall pay as they become due all premiums for the insurance required by Paragraph
16(a), shall renew or replace each policy and deliver to Landlord original certificates evidencing
such insurance.

(e)     Any insurance which Tenant is required to obtain pursuant to Paragraph 16(a) may be
carried under a “blanket” or umbrella policy or policies covering other properties or liabilities
of Tenant, provided that such “blanket” or umbrella policy or policies otherwise comply with the
provisions of this Paragraph 16 and provided further that Tenant shall provide to Landlord a
Statement of Values which shall be amended as necessary based on Replacement Cost Valuations. A
certificate evidencing such insurance shall promptly be delivered to Landlord.

(f)     Tenant shall promptly comply with and conform in all material respects to (i) the
provisions of each insurance policy required by this Paragraph 16 and (ii) the reasonable
requirements of the insurers thereunder applicable to Landlord, Tenant or the Leased Premises or to
the use, manner of use, occupancy, possession, operation, maintenance, alteration or repair of the
Leased Premises.

(g)     Tenant shall not carry separate insurance concurrent in form or contributing in the event
of a Casualty with that required in this Paragraph 16 unless (i) Landlord is included therein as an
insured, with loss payable as provided herein, and (ii) such separate insurance complies with the
other provisions of this Paragraph 16. Tenant shall immediately notify Landlord of such separate
insurance and shall deliver to Landlord a certificate evidencing such insurance.

(h)     Tenant waives all rights of subrogation against the Landlord as may be applicable to any
insurer and will enforce such waivers in policy provisions.

(i)     All proceeds of any insurance required under Paragraph 16(a) shall be payable as follows:

          (i)     Proceeds payable under clauses (ii), (iii) and (iv) of Paragraph 16(a) and proceeds
attributable to the general liability coverage of Builder’s Risk insurance under clause (vi) of
Paragraph 16(a) shall be payable to the Person entitled to receive such proceeds.

          (ii)     Proceeds of insurance under clause (i) of Paragraph 16(a) and proceeds attributable to
Builder’s Risk insurance (other than its general liability coverage provisions) under clause (vi)
of Paragraph 16(a) shall be payable to Landlord and applied as set forth in Paragraph 17 or, if
applicable, Paragraph 18. Tenant shall apply the Net Award to restoration of the Leased Premises
in accordance with the applicable provisions of this Lease unless a Termination Event shall have
occurred.

(j)     Notwithstanding any provision to the contrary, it is understood that so long as the Tenant
or any applicable Guarantor (if any) maintains a tangible net worth of at least $500,000,000, then
Tenant shall be permitted to decline to carry any of said coverages and shall not be bound by any
deductible limits. The remaining provisions of Paragraphs 16(b)-(j) shall only be applicable to
the insurance policies as required under

I-24

 

Paragraph 16(a) above in the event that Tenant or any applicable Guarantor (if any) fails to
maintain a tangible net worth of at least $500,000,000, provided, however, that to the extent that
Tenant does maintain insurance policies with respect to any of the risks described in Paragraph
16(a), the provisions of Paragraph 16(b) as to the naming of loss payees and additional insureds,
and Paragraphs 16(c), 16(d), 16(f), 16(g), 16(h) and 16(i) shall be applicable thereto. It is
understood that with respect to any losses for which there is not insurance coverage, Tenant and
any Guarantor (if any) under this Lease shall be responsible for the payment of such losses.

	 	17.	 	Casualty and Condemnation.

(a)     Tenant shall give Landlord prompt notice of any Casualty. So long as no Event of Default
exists, and provided that Tenant waives its right (if any) to deliver a Termination Notice, Tenant
is hereby authorized to adjust, collect and compromise all claims under any of the insurance
policies required by Paragraph 16(a) and to execute and deliver on behalf of Landlord all necessary
proofs of loss, receipts, vouchers and releases required by the insurers. Any final adjustment,
settlement or compromise of any claim in excess of the Threshold Amount shall be subject to the
prior written approval of Landlord. If an Event of Default exists, or if Tenant fails or refuses
to waive its right, if any, to deliver a Termination Notice, Tenant shall not be entitled to
adjust, collect or compromise any such claim or to participate with Landlord in any adjustment,
collection and compromise of the Net Award payable in connection with a Casualty. Tenant agrees to
sign, upon the request of Landlord, all proper proofs of loss, receipts, vouchers and releases.

(b)     Tenant, promptly upon receiving a Condemnation Notice, shall notify Landlord and Lender
thereof. So long as no Event of Default exists, and provided that Tenant waives its right (if any)
to deliver a Termination Notice, Tenant is authorized to collect, settle and compromise the amount
of any Net Award. If an Event of Default exists, or if Tenant fails or refuses to waive its right,
if any, to deliver a Termination Notice, Landlord shall be authorized to collect, settle and
compromise the amount of any Net Award and Tenant shall not be entitled to participate with
Landlord in any Condemnation proceeding or negotiations under threat thereof, or to contest the
Condemnation or the amount of the Net Award therefor. No agreement with any condemnor in
settlement of or under threat of any Condemnation shall be made by Tenant without the written
consent of Landlord, which consent shall not unreasonably be conditioned, withheld, or delayed.
Subject to the provisions of this Paragraph 17(b), Tenant hereby irrevocably assigns to Landlord
any award or payment to which Tenant is or may be entitled by reason of any Condemnation, whether
the same shall be paid or payable for Tenant’s leasehold interest hereunder or otherwise; but
nothing in this Lease shall impair Tenant’s right to any award or payment on account of Tenant’s
trade fixtures, equipment or other tangible property, moving expense, loss of business, or other
relocation benefits available to Tenant under applicable Law, to the extent that and so long as (i)
Tenant shall have the right to make, and does make, a separate claim therefor against the condemnor
and (ii) such claim does not in any way reduce either the amount of the award otherwise payable to
Landlord for the Condemnation of Landlord’s interest

I-25

 

in the Leased Premises or the amount of the award (if any) otherwise payable for the
Condemnation of Tenant’s leasehold interest hereunder.

(c)     If any Partial Casualty (whether or not insured against) or Partial Condemnation shall
occur, this Lease shall continue, notwithstanding such event, and there shall be no abatement or
reduction of any Monetary Obligations except to the extent of any insurance proceeds received by
Landlord under Paragraph 16(a)(v) and in the event of a Partial Condemnation there shall be an
equitable reduction in the Basic Rent due by Tenant under this Lease. Promptly after such Partial
Casualty or Partial Condemnation, Tenant, as required in Paragraph 12, shall commence and
diligently continue to restore the Leased Premises as nearly as possible to its value, condition
and character immediately prior to such event (assuming the Leased Premises to have been in the
condition required by this Lease). So long as no Event of Default exists, Landlord shall promptly
pay to Tenant, to the extent actually received by (or for the benefit of) Landlord, the following
amounts: (i) any Net Award (including any award delivered by Tenant to Landlord pursuant to
Section 12(a) of the Purchase Agreement) up to and including the Threshold Amount; and (ii) any
credit amount (including, without limitation, any Estimated Reduction Amount) allowed Landlord
under Section 12(a) of the Purchase Agreement. Thereafter, Tenant shall restore the Leased
Premises in accordance with the requirements of Paragraph 13(c) of this Lease, any balance to be
paid to Landlord. Any Net Award in excess of the Threshold Amount shall (unless such Casualty
resulting in the Net Award is a Termination Event) be made available by Landlord to Tenant, to the
extent actually received by Landlord, for the restoration of the Leased Premises pursuant to and in
accordance with and subject to the provisions of Paragraph 19 hereof. If any Casualty or
Condemnation which is not a Partial Casualty or Partial Condemnation shall occur, Tenant shall
comply with the terms and conditions of Paragraph 18.

	 	18.	 	Termination Events.

If (i) all of the Leased Premises shall be taken by a Condemnation or (ii) any substantial
portion (as mutually and reasonably determined by Landlord and Tenant) of the Leased Premises shall
be taken (either permanently or for a period at least equal to the remainder of the Term) by a
Condemnation or (iii) all or any substantial portion (as mutually and reasonably determined by
Landlord and Tenant) of the Leased Premises shall be totally damaged or destroyed by a Casualty
and, in any such case, Tenant certifies and covenants to Landlord that it will forever abandon
operations at the Leased Premises (each of the events described in the above clauses (i), (ii), and
(iii) shall hereinafter be referred to as a “Termination Event”), then Tenant at Tenant’s election
may terminate this Lease by so advising Landlord in a written notice (“Termination Notice”)
delivered within thirty (30) days after the occurrence of the Condemnation or Casualty in question.
In such event this Lease shall terminate on the date of the pertinent Casualty or Condemnation,
and Rent shall be appropriately prorated as of such termination date. In the event of such
termination all proceeds and awards with respect to the Leased Premises shall be payable to
Landlord, provided that in the event of self-insurance, Tenant shall pay to Landlord the proceeds
of insurance which would have been paid if there had not been self-insurance, and, notwithstanding
any date set forth in

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the Termination Notice, this Lease shall not terminate (nor shall there be any abatement of
Tenant’s obligation to pay Rent) until Landlord receives such payment, in full. Upon such
termination of the Lease, Tenant shall have no further obligations under the Lease except for the
Surviving Obligations.

	 	19.	 	Restoration.

(a)     Landlord shall hold any Net Award in excess of the Threshold Amount in a fund (the
“Restoration Fund”) and disburse amounts from the Restoration Fund in accordance with the following
conditions:

          (i)     prior to commencement of restoration, the architects, contracts, contractors, plans and
specifications for the restoration shall have been approved by Landlord.

          (ii)     at the time of any disbursement, no mechanics’ or materialmen’s liens shall have been
filed against the Leased Premises and remain undischarged;

          (iii)     disbursement shall be made from time to time in an amount not exceeding the cost of work
completed since the last disbursement, upon receipt of (A) satisfactory evidence, including
architects’ certificates, of the stage of completion, the estimated total cost of completion and
performance of the work to date in a good and workmanlike manner in accordance with the contracts,
plans and specifications, (B) waivers of liens, (C) contractors’ and subcontractors’ sworn
statements as to completed work and the cost thereof for which payment is requested, (D) a
satisfactory bringdown of title insurance and (E) other evidence of cost and payment so that
Landlord can verify that the amounts disbursed from time to time are represented by work that is
completed, in place and free and clear of mechanics’ and materialmen’s lien claims;

          (iv)     each request for disbursement shall be accompanied by a certificate of Tenant, signed by
an officer of Tenant, describing the work for which payment is requested, stating the cost incurred
in connection therewith, stating that Tenant has not previously received payment for such work and,
upon completion of the work, also stating that the work has been fully completed and complies with
the applicable requirements of this Lease;

          (v)     the Restoration Fund shall not be commingled with Landlord’s other funds and shall bear
interest at applicable current money market rates; and

          (vi)     such other reasonable conditions as Landlord may impose.

(b)     Prior to commencement of restoration and at any time during restoration, if the estimated
cost of completing the restoration work free and clear of all liens, as reasonably determined by
Landlord, exceeds the amount of the Net Award available for such restoration, the amount of such
excess shall, upon demand by Landlord, be paid by Tenant to Landlord to be added to the Restoration
Fund. Any sum

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so added by Tenant which remains in the Restoration Fund upon completion of restoration shall
be refunded to Tenant. For purposes of determining the source of funds with respect to the
disposition of funds remaining after the completion of restoration, the Net Award shall be deemed
to be disbursed prior to any amount added by Tenant.

(c)     If any sum remains in the Restoration Fund after completion of the restoration and any
refund to Tenant pursuant to Paragraph 19(b), such sum shall be retained by Landlord.

	 	20.	 	Assignment and Subletting.

(a)     Tenant shall not have the right to assign this Lease or sublet any portion of the Leased
Premises except as otherwise expressly set forth in this Paragraph 20.

(b)     Tenant shall have the right upon thirty (30) days prior written notice to Landlord with no
consent of Landlord being required, to assign this Lease and/or sublease all or any portion of the
Leased Premises to any one or more subtenants.

(c)     If Tenant assigns all its rights and interest under this Lease, the assignee under such
assignment shall expressly assume all the obligations of Tenant hereunder arising after the date of
such assignment, by a written instrument (in form reasonably satisfactory to Landlord) delivered to
Landlord at the time of such assignment. Each sublease shall be subject and subordinate to the
provisions of this Lease. Except in the case of (i) an assignment to a Person with a publicly
traded unsecured senior debt rating not lower than the unsecured debt rating of Rockwell
Automation, Inc. as of the date of assignment, or (ii) an assignment to an entity controlled by, in
common control with, or controlling Tenant, or an entity in which Tenant holds at least a fifty
percent (50%) beneficial interest, no such assignment shall affect or reduce any of the obligations
of Tenant hereunder or the Guarantor (if any) under the Guaranty (if any), and all such obligations
of Tenant and Guarantor (if any) shall continue in full force and effect as obligations of a
principal and not as obligations of a guarantor, as if no assignment had been made. In the event
of an assignment to (i) a Person meeting the listed debt ratings or (ii) an entity controlled by,
in common control with, or controlling Tenant, or in which Tenant holds at least a fifty percent
(50%) beneficial interest, the Tenant shall be released from liability under this Lease and the
Guarantor (if any) shall be released from liability under the Guaranty (if any) . In the event of
sublease, neither Tenant nor Guarantor (if any) shall be released from liability.

(d)     Tenant shall, within ten (10) days after the execution and delivery of any assignment or
sublease, deliver a duplicate original copy thereof to Landlord which, in the event of an
assignment, shall be in recordable form.

(e)     As security for performance of its obligations under this Lease, Tenant hereby grants,
conveys and assigns to Landlord all right, title and interest of Tenant in and to all subleases now
in existence or hereafter entered into for any or all of the Leased Premises, any and all
extensions, modifications and renewals thereof and all

I-28

 

rents, issues and profits therefrom. Landlord hereby grants to Tenant a license to collect
and enjoy all rents and other sums of money payable under any sublease of any of the Leased
Premises, provided, however, that if an Event of Default occurs, Landlord shall have the absolute
right upon notice to Tenant and any subtenants to revoke said license and to collect such rents and
sums of money and to apply same to the amounts due by Tenant under this Lease. Tenant shall not
accept any rents under any sublease more than thirty (30) days in advance of the accrual thereof.

(f)     Tenant shall have the right to grant a leasehold mortgage on, or to pledge its leasehold
interest in, the Leased Premises and on any subleases, in connection with financing obtained by
Tenant and/or any applicable Guarantor (if any), subject however to the terms of this Lease, and
subject to Landlord’s approval of the documentation evidencing such leasehold lien, which approval
shall not be unreasonably withheld, conditioned, or delayed. No such leasehold mortgage shall
permit the leasehold mortgagee to interfere, in any way, with Landlord’s right, title and interest
in and to the Leased Premises. Any entity that becomes a successor tenant under this Paragraph
20(f) shall be required to be in compliance with all of the terms of this Lease.

(g)     Landlord may sell, convey, or otherwise transfer all or any part of Landlord’s interest in
the Leased Premises at any time without Tenant’s consent to any third party other than (a) an
entity listed on the attached Appendix C, (b) any entity controlled by, in common control
with, or controlling any entity listed on the attached Appendix C, or (c) a successor or
assign of any of the foregoing (each entity so permitted as a transferee being known for purposes
of this Lease as a “Permitted Third Party Transferee”). In the event of any sale, conveyance or
other transfer to a Permitted Third Party Transferee, Tenant shall attorn to any Permitted Third
Party Transferee as Landlord so long as such Permitted Third Party Transferee and Landlord notify
Tenant in writing of such transfer, and, at the request of Landlord, Tenant will execute such
documents confirming the agreement referred to above. If Landlord shall sell, convey, or otherwise
transfer (or attempt to sell, convey, or otherwise transfer) all or any part of Landlord’s interest
in the Leased Premises at any time, without Tenant’s consent, to any Person other than a Permitted
Third Party Transferee, Tenant shall, at its election, have every right and remedy provided at law,
in equity, or elsewhere herein for a breach of this Lease.

	 	21.	 	Events of Default.

The occurrence of any one or more of the following shall, at the sole option of Landlord,
constitute an “Event of Default” under this Lease:

(a)     a failure by Tenant to make any payment of Rent when and as the same shall become due and
payable and such failure shall continue for a period of ten (10) days after written notice thereof
is given by Landlord to Tenant; provided however, that if Tenant fails to pay Basic Rent when due
under this Lease more than two (2) times in any consecutive twelve (12) month period, no further
written notice shall be required, as to a failure to timely pay Basic Rent;

I-29

 

(b)     a failure by Tenant to perform and observe, or a violation or breach of, any other
provision hereof not otherwise specifically mentioned in this Paragraph 21 and such failure shall
continue for a period of thirty (30) days after written notice thereof is given by Landlord to
Tenant, or in the case of such failure which cannot with due diligence and in good faith be cured
within said thirty (30) day period and Tenant fails to proceed promptly and with due diligence and
in good faith to cure the same and thereafter to prosecute the curing of such default with due
diligence and in good faith, it being intended that in connection with a default not susceptible of
being cured with due diligence and in good faith within thirty (30) days that the time allowed
Tenant within which to cure the same be extended for such period as may be necessary for the curing
thereof promptly with due diligence and in good faith;

(c)     Tenant shall (i) voluntarily be adjudicated a bankrupt or insolvent, (ii) seek or consent
to the appointment of a receiver or trustee for itself or for the Leased Premises, (iii) file a
petition seeking relief under the bankruptcy or other similar laws of the United States, any state
or any jurisdiction, or (iv) make a general assignment for the benefit of creditors;

(d)     a court shall enter an order, judgment or decree appointing, without the consent of
Tenant, a receiver or trustee for it or for the Leased Premises or approving a petition filed
against Tenant which seeks relief under the bankruptcy or other similar laws of the United States,
any state or any jurisdiction, and such order, judgment or decree shall remain undischarged or
unstayed for sixty (60) days after it is entered;

(e)     Tenant shall be liquidated or dissolved or shall begin proceedings towards its liquidation
or dissolution;

(f)     the estate or interest of Tenant in the Leased Premises shall be levied upon or attached
in any proceeding and such estate or interest is about to be sold or transferred or such process
shall not be vacated or discharged within sixty (60) days after it is made; or

(g)     an Event of Default (as defined in the Guaranty (if any)) beyond any applicable cure
period shall occur under the Guaranty (if any).

	 	22.	 	Remedies and Damages Upon Default.

(a)     Upon an Event of Default, Landlord may, at its election, exercise any one or more of the
following described remedies, in addition to all other rights and remedies provided at law, in
equity or elsewhere herein;

          (i)     Landlord may terminate this Lease by giving to Tenant written notice of Landlord’s
election to do so, in which event the Term and all right, title and interest of Tenant hereunder
shall end on the date stated in such notice;

          (ii)     Landlord may terminate the right of Tenant to possession of the Leased Premises without
terminating this Lease, by giving written notice to Tenant that Tenant’s right of possession shall
end on the date stated in such notice, whereupon

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the right of Tenant to possession of the Leased Premises or any part thereof shall cease on
the date stated in such notice;

          (iii)     Landlord may enforce the provisions of this Lease and may enforce and protect the rights
of Landlord by a suit or suits in equity or at law for the performance of any covenant or agreement
herein, and for the enforcement of any other appropriate legal or equitable remedy, including
without limitation (A) injunctive relief, (B) recovery of all moneys due or to become due from
Tenant under any of the provisions of this Lease, and (C) any other damages incurred by Landlord by
reason of Tenant’s default under this Lease; provided, however, that Tenant shall not have any
responsibility or liability hereunder to Landlord for any incidental or consequential damages of
any kind; and

          (iv)     Landlord may reenter and take possession of the Leased Premises or any part of the Leased
Premises, repossess the same, expel Tenant and those claiming through or under Tenant and remove
the effects of both or either, using such force for such purposes as may be necessary, to the
extent permitted by applicable Law, without being liable for prosecution, without being deemed
guilty of any manner of trespass, and without prejudice to any remedies for arrears of Rent or
other amounts payable under this Lease or as a result of any other breach of this Lease.

(b)     Should Landlord elect to reenter as provided herein with or without terminating this
Lease, or should Landlord take possession pursuant to legal proceedings or pursuant to any notice
provided by law, Landlord may, from time to time, without terminating this Lease, rent the Leased
Premises or any part of the Leased Premises, for such term or terms (which may be greater or less
than the period which would otherwise have constituted the balance of the Term) and on such
conditions and upon such other terms (which may include concessions of free rent and alteration and
repair of the Leased Premises) as Landlord, in its reasonable discretion, may determine, and
Landlord may collect and receive the rent due in connection therewith. Landlord shall not be
required to accept any tenant offered by Tenant or any third party or observe any instruction given
by Tenant relative to such reletting. Landlord shall however use commercially reasonable efforts
to mitigate damages to the extent required by applicable Law. Landlord will not be responsible or
liable for failure to relet the Leased Premises, or any part of the Leased Premises, or for any
failure to collect any rent due upon such reletting. No such reentry or taking of possession by
Landlord will be construed as an election on Landlord’s part to terminate this Lease unless a
written notice of such intention is given to Tenant. Landlord reserves the right following any
such reentry or reletting to exercise its right to terminate this Lease by giving Tenant such
written notice, in which event this Lease will terminate as specified in such notice.

(c)     Landlord shall be entitled to the following damages:

          (i)     In the event that Landlord does not terminate this Lease, but on the contrary elects to
take possession of the Leased Premises, then, in addition to all other rights and remedies of
Landlord, Tenant shall pay to Landlord (A) Rent and other sums as provided in this Lease that would
be payable under this Lease if such

I-31

 

repossession had not occurred, less (B) the net proceeds, if any, of any reletting of the
Leased Premises after deducting all of Landlord’s reasonable expenses in connection with such
reletting, including without limitation, all repossession costs, brokerage commissions, reasonable
attorneys’ fees, expenses of employees, alteration and repair costs and expenses of preparation for
such reletting. If, in connection with any such reletting, the new lease term extends beyond the
Term, a fair apportionment of the rent received from such reletting will be made in determining the
net proceeds from such reletting. Tenant will pay such Rent and other sums to Landlord monthly on
the day on which such sums would have been payable under the Lease if possession had not been
retaken.

          (ii)     In the event that Landlord elects to terminate this Lease, then, in addition to all other
rights and remedies of Landlord, Tenant shall remain liable to pay to Landlord as damages an amount
equal to (A) all Rent due hereunder accrued and unpaid for the period up to and including the
termination date, plus (B) all other additional sums payable by Tenant and/or which Tenant is
liable or in respect of which Tenant has agreed to indemnify Landlord under any of the provisions
of this Lease which may then be owing and unpaid, plus (C) all costs and expenses, including,
without limitation, court costs and reasonable attorneys’ fees incurred by Landlord in the
enforcement of any of its rights and remedies hereunder, plus (D) the Present Value of the excess,
if any, of (1) all Rent provided to be paid for the remainder of the Initial Term (or, if
applicable, the then-current Renewal Term) over (2) the then fair market rental value of the Leased
Premises for the same period.

                    In the alternative, Landlord shall have the right, from time to time, to recover from Tenant
upon demand, and Tenant shall remain liable to pay Landlord for (A) all Rent and other amounts due
and owing under this Lease not previously paid pursuant to the provisions of this Lease, plus (B)
damages equal to the sum of (1) all Rent and all other sums which would have accrued under this
Lease after the date of termination had it not been terminated, less (2) such amounts as Landlord
may actually receive from reletting after first paying all costs of such reletting, including,
without limitation, the expenses set forth in Paragraph 22(c)(i) and the net amounts of rent
collected remaining after such expenses shall operate only as an offsetting credit against the
amount due hereunder with any excess or residue belonging solely to Landlord. Such damages shall
be due and payable as such sums would have been due under the Lease.

(d)     Notwithstanding anything to the contrary herein contained, Landlord may, in lieu of or in
addition to any of the foregoing remedies and damages, exercise any remedies and collect any
damages available to it at law or in equity, provided that Tenant shall not have any responsibility
or liability to Landlord hereunder, at law, or in equity for any incidental or consequential
damages of any kind. If Landlord is unable to obtain full satisfaction pursuant to the exercise of
any remedy, it may pursue any other remedy which it has hereunder, at law, or in equity, excepting
only that Landlord shall not under any circumstances have any claim for, nor shall Tenant under any
circumstances be responsible for, any incidental or consequential damages of any kind.

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(e)     No termination of this Lease, repossession or reletting of any of the Leased Premises,
exercise of any remedy or collection of any damages pursuant to this Paragraph 22 shall relieve
Tenant of any Surviving Obligations.

(f)     WITH RESPECT TO ANY REMEDY OR PROCEEDING OF LANDLORD OR TENANT HEREUNDER, LANDLORD AND
TENANT HEREBY WAIVE THE SERVICE OF NOTICE WHICH MAY BE REQUIRED BY ANY APPLICABLE LAW AND ANY RIGHT
TO A TRIAL BY JURY.

(g)     Upon the occurrence of any Event of Default, Landlord shall have the right (but no
obligation) to perform any act required of Tenant hereunder and, if performance of such act
requires that Landlord enter the Leased Premises, Landlord may enter the Leased Premises for such
purpose.

(h)     No failure of Landlord (i) to insist at any time upon the strict performance of any
provision of this Lease or (ii) to exercise any option, right, power or remedy contained in this
Lease shall be construed as a waiver, modification or relinquishment thereof. A receipt by
Landlord of any sum in satisfaction of any Rent with knowledge of the breach of any provision
hereof shall not be deemed a waiver of such breach, and no waiver by Landlord of any provision
hereof shall be deemed to have been made unless expressed in a writing signed by Landlord.

(i)     Tenant hereby waives and surrenders, for itself and all those claiming under it, including
creditors of all kinds, any right and privilege which it or any of them may have under any present
or future Law or redeem the Leased Premises or to have a continuance of this Lease after
termination of this Lease or of Tenant’s right of occupancy or possession pursuant to any court
order or any provision hereof.

(j)     Except as otherwise provided herein, all remedies are cumulative and concurrent and no
remedy is exclusive of any other remedy. Each remedy may be exercised at any time an Event of
Default has occurred and is continuing and may be exercised from time to time. No remedy shall be
exhausted by any exercise thereof.

23.    Notices. All notices, demands, requests, consents, approvals, offers, statements
and other instruments or communications required or permitted to be given pursuant to the
provisions of this Lease shall be in writing and shall be deemed to have been given and received
for all purposes (i) when delivered in person or by a commercial overnight delivery service, (ii)
five (5) business days after being deposited in the United States mail, by registered or certified
mail, return receipt requested, postage prepaid, addressed to the other party at its address stated
in the Basic Lease Information, or (iii) when delivery is refused. For the purposes of this
Paragraph, any party may substitute from time to time another address for its address by giving
fifteen (15) days’ notice of the new address to the other party, in the manner provided above.

24.    Estoppel Certificate. At any time upon not less than ten (10) days’ prior written
request by either Landlord or Tenant (the “Requesting Party”) to the other party (the “Responding
Party”), the Responding Party shall deliver to the Requesting Party a

I-33

 

statement in writing, executed by an authorized officer of the Responding Party, certifying
(a) that, except as otherwise specified, this Lease is unmodified and in full force and effect, (b)
the dates to which Basic Rent and Additional Rent have been paid, (c) that, to the knowledge of the
signer of such certificate and except as otherwise specified, no default by either Landlord or
Tenant exists hereunder, and (d) such other matters as the Requesting Party may reasonably request.
Any such statements by the Responding Party, may be relied upon by the Requesting Party, any
Person whom the Requesting Party notifies the Responding Party in its request for the Certificate
is an intended recipient or beneficiary of the Certificate, any lender or their assignees, any
prospective purchaser or mortgagee, any assignee of Tenant’s interest in this Lease and any
sublessee.

	 	25.	 	Surrender; Holdover.

(a)     Upon the expiration or earlier termination of this Lease, Tenant shall peaceably leave and
surrender the Leased Premises to Landlord in the same condition in which the Leased Premises was at
the commencement of this Lease, except as repaired, rebuilt, restored, altered, replaced or added
to as permitted or required by any provision of this Lease, and except for ordinary wear and tear.
Upon such surrender, Tenant shall (a) remove from the Leased Premises all property which is owned
by Tenant or third parties other than Landlord and (b) repair any damage caused by such removal.
Property not so removed shall become the property of Landlord, and Landlord may thereafter cause
such property to be removed from the Leased Premises. The reasonable cost of removing and
disposing of such property and repairing any damage to any of the Leased Premises caused by such
removal shall be paid by Tenant to Landlord upon demand. Landlord shall not in any manner or to
any extent be obligated to reimburse Tenant for any such property which becomes the property of
Landlord pursuant to this Paragraph 25.

(b)     If Tenant shall be permitted to retain possession of the Leased Premises after the
termination of the Term of this Lease, then Tenant shall pay to Landlord the Basic Rent and all
other amounts due under this Lease (including, without limitation, all Additional Rent due from
time to time), computed on a per month basis, for each month or part thereof that Tenant remains in
possession. Basic Rent so owing shall be paid at the following rates: (i) during the first six
(6) months of any such holdover, at a monthly rate equal to 110% of the Basic Rent payable monthly
during the last Lease Year before termination; and (ii) thereafter, during the remainder of any
such holdover, at a monthly rate equal to 125% of the Basic Rent payable monthly during the last
Lease Year before termination. Any holdover of this Lease shall be deemed a month-to-month
tenancy.

26.    No Merger of Title. There shall be no merger of the leasehold estate created by
this Lease with the fee estate in the Leased Premises by reason of the fact that the same Person
may acquire or hold or own, directly or indirectly, (a) the leasehold estate created hereby or any
part thereof or interest therein and (b) the fee estate in the Leased Premises or any part thereof
or interest therein, unless and until all Persons having any interest in the interests described in
(a) and (b) above which are sought to be

I-34

 

merged shall join in a written instrument effecting such merger and shall duly record the
same.

	 	27.	 	Non-Recourse as to Landlord.

Anything contained herein to the contrary notwithstanding, any claim based on or in respect of
any liability of Landlord under this Lease shall be enforced only against the Leased Premises and
not against any other assets, properties or funds of (a) Landlord or (b) any director, member,
officer, general partner, limited partner, employee or agent of Landlord.

	 	28.	 	Subordination, Non-Disturbance and Attornment.

(a)     This Lease and all rights of Tenant therein, and all interest or estate of Tenant in the
Leased Premises, or any portion of the same, shall be subject and subordinate to the lien of any
mortgage, deed of trust, security instrument, or other document of like nature (a “Mortgage”) that
may at any time be placed upon the Leased Premises, or any portion of the same, by Landlord, and to
any replacements, renewals, amendments, modifications, extensions, or refinancing of any such
instrument, and to each and every advance made under any Mortgage. Tenant agrees that it shall, at
any time and from time to time, given a reasonable period after Landlord’s written request for the
same, execute and deliver to Landlord any instruments that may be reasonably required for the
purpose of subjecting and subordinating this Lease to the lien of any such Mortgage.

(b)     As a condition of Tenant’s agreement to subordinate this Lease pursuant to Paragraph
28(a), however, and as an independent obligation under this Lease, Landlord and Tenant further
agree that, so long as Tenant is not in default (beyond any applicable notice, grace, and cure
period) in the payment of Basic Rent or Additional Rent, or in the performance of any covenants,
conditions, provisions, terms, or agreements to be performed and observed by Tenant under this
Lease, no such agreement to subordinate this Lease, nor any holder or beneficiary of the same,
shall interfere with, hinder, or molest Tenant’s right to quiet enjoyment under this Lease, nor the
right of Tenant to continue to occupy the Leased Premises and to conduct its business upon the same
in accordance with the covenants, conditions, provisions, terms, and agreements of this Lease.
Further, no lien of any Mortgage shall affect Tenant’s trade fixtures or other personal property
(including, without limitation, any property acknowledged under Paragraph 31(h) of this Lease to be
retained by Tenant) located at any time in or on the Leased Premises. Landlord shall, at Tenant’s
written request, cause any person holding at any time any Mortgage affecting the Demised Premises
to execute and deliver (within a reasonable period after such mortgagee’s written request for the
same) a written subordination, non-disturbance, and attornment agreement in a form reasonably
satisfactory to Tenant, together with any other instrument that Tenant may reasonably request to
evidence the terms, conditions, and covenants of this Paragraph 17.

(c)     If any mortgagee shall succeed to the rights of Landlord under this Lease or to ownership
of the Leased Premises, whether through possession or foreclosure

I-35

 

or the delivery of a deed to all or any part of the Leased
Premises, then, upon the written request of such mortgagee so succeeding to Landlord’s rights
hereunder, Tenant shall attorn to and recognize such mortgagee as Tenant’s landlord under this
Lease, and shall execute and deliver (within a reasonable period after such mortgagee’s written
request for the same) any instrument that such mortgagee may reasonably request to evidence such
attornment (whether before or after making of the Mortgage). In the event of any other transfer of
Landlord’s interest hereunder to a Permitted Third Party Transferee, upon the written request of
the Permitted Third Party Transferee and Landlord, Tenant shall attorn to and recognize such
Permitted Third Party Transferee as Tenant’s landlord under this Lease and shall promptly execute
and deliver (within a reasonable period after such mortgagee’s written request for the same) any
instrument that such transferee and Landlord may reasonably request to evidence such attornment.

29.    Tax Treatment; Reporting. Landlord and Tenant each acknowledge that each shall
treat this transaction as a true lease for state law purposes and shall report this transaction as
a Lease for Federal income tax purposes. For Federal income tax purposes each shall report this
Lease as a true lease with Landlord as the owner of the Leased Premises and Tenant as the lessee of
such Leased Premises including: (1) treating Landlord as the owner of the property eligible to
claim depreciation deductions under the Internal Revenue Code of 1986 (the “Code”) with respect to
the Leased Premises, (2) Tenant reporting its Rent payments as rent expense under the Code, and (3)
Landlord reporting the Rent payments as rental income.

	 	30.	 	[Intentionally omitted.]
	 
	 	31.	 	Miscellaneous.

(a)     The paragraph headings in this Lease are used only for convenience in finding the subject
matters and are not part of this Lease or to be used in determining the intent of the parties or
otherwise interpreting this Lease.

(b)     As used in this Lease, the singular shall include the plural and any gender shall include
all genders as the context requires and the following words and phrases shall have the following
meanings: (i) “including” shall mean “including without limitation”; (ii) “provisions” shall mean
“provisions, terms, agreements, covenants and/or conditions”; (iii) “lien” shall mean “lien,
charge, encumbrance, title retention agreement, pledge, security interest, Mortgage and/or deed of
trust”; and (iv) “obligation” shall mean “obligation, duty, agreement, liability, covenant and/or
condition”.

(c)     Any act which Landlord is permitted to perform under this Lease may be performed at any
time and from time to time by Landlord or any Person designated by Landlord. Landlord shall not
unreasonably withhold, condition or delay its consent or approval whenever such consent or approval
is required under this Lease. Time is of the essence with respect to the performance by Tenant of
its obligations under this Lease.

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(d)     Landlord shall in no event be construed for any purpose to be a partner, joint venturer or
associate of Tenant or of any subtenant, operator, concessionaire or licensee of Tenant with
respect to the Leased Premises or otherwise in the conduct of their respective businesses.

(e)     This Lease and any documents which may be executed by Tenant and Landlord on or about the
effective date hereof constitute the entire agreement between the parties and supersede all prior
understandings and agreements, whether written or oral, between the parties hereto relating to the
Leased Premises and the transactions provided for herein. Landlord and Tenant are business
entities having substantial experience with the subject matter of this Lease and have each fully
participated in the negotiation and drafting of this Lease. Accordingly, this Lease shall be
construed without regarding to the rule that ambiguities in a document are to be construed against
the drafter.

(f)     This Lease may be modified, amended, discharged or waived only by an agreement in writing
signed by the party against whom enforcement of any such modification, amendment, discharge or
waiver is sought.

(g)     It is confirmed that Tenant may erect such signs on the exterior or interior of the
Improvements or on any part of the Leased Premises which do not violate applicable Laws or
Permitted Encumbrances. Tenant shall obtain all necessary permits and approvals required under
applicable Laws.

(h)     Landlord owns and shall continue to own, and to have complete control over, subject only
to the terms of this Lease, all Improvements. It is acknowledged, however, that, as set forth in
Section 1 of the Purchase Agreement, Tenant retains ownership of all tangible personal property and
all intangible property of Tenant, including all tangible personal property and all intangible
property located at the Leased Premises immediately before the Commencement Date. Accordingly,
this Lease shall not govern any interest of Tenant in any of the following (whether located in or
upon the Leased Premises or located elsewhere in contemplation of delivery to the Leased Premises),
and thus Tenant may remove any of the following at any time from the Leased Premises: any
machinery, equipment, trade fixtures, furnishings, parts, tools, engineering and yard drawings, or
other items of tangible or intangible personal property; any work in process; any inventory held
for use or resale; and any raw materials, finished product, supply, packaging items,
business-related signage, or similar items with respect to the business conducted by the Tenant at
or from the Leased Premises.

(i)     The covenants of this Lease shall run with the land and bind the parties hereto and their
respective successors and assigns and all present and subsequent encumbrancers and subtenants of
the Leased Premises, and shall inure to the benefit of the parties hereto and their respective
successors and assigns.

(j)     Notwithstanding any provision in this Lease to the contrary, all Surviving Obligations of
Tenant shall survive the expiration or termination of this Lease.

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(k)     If any one or more of the provisions contained in this Lease shall for any reason be held
to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision of this Lease, but this Lease shall be
construed as if such invalid, illegal or unenforceable provision had never been contained herein.

(l)     All Appendices attached hereto are incorporated herein as if fully set forth herein.

(m)     This Lease shall be governed by and construed and enforced in accordance with the Laws of
the State.

(n)     Upon not less than ten (10) days prior written request by either party, Buyer and Seller
shall execute and deliver to each other a written memorandum of lease, prepared by the requesting
party and in recordable form, setting forth the following: (i) the date of this Lease; (ii) the
parties to this Lease; (iii) the Term; (iv) the legal description of the Leased Premises; (v) the
existence (if any) of Tenant’s options to renew the Term; (vi) the restrictions arising under
Paragraph 20(g) and Appendix C to this Lease; and (vii) such other matters as may
reasonably be requested to be stated in such a memorandum. Either party may, at its sole cost,
record a memorandum so prepared and executed.

	 	32.	 	[ADD APPLICABLE LOCAL LAW PROVISIONS]

IN WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be duly executed under
seal as of the day and year first above written.

	 	 	 	 	 	 	 
	LANDLORD:

	 	TENANT:
	 	 	 
	a

	 	 	 	a	 	 
	 
	By:

	 	 	 	By:	 	 
	Print Name:

	 	 	Print Name:	 
	Its:

	 	 	 	Its:	 	 
	 
	Attest:

	 	 	 	Attest:	 	 
	Print Name:

	 	 	Print Name:	 
	Its:

	 	 	 	Its:	 	 

I-38

 

First Amendment to Purchase and Sale Agreement

This First Amendment to Purchase and Sale Agreement (this “First Amendment”) is made as of the
30th day of September, 2005 (the “Amendment Date”), by and between Rockwell Automation,
Inc., a Delaware corporation, formerly known as “Rockwell International Corporation”
(“Seller”) and First Industrial Acquisitions, Inc., a Maryland corporation (“Buyer”), together
known for purposes of this First Amendment as the “Parties.”

A. The Parties, as of August 24, 2005 (the “Effective Date”), entered into a Purchase and
Sale Agreement (the “Original Purchase Agreement”) for Seller’s sale to Buyer, and Buyer’s purchase
from Seller, of certain Subject Property defined with particularity in the Original Purchase
Agreement.

B. The Parties now wish (i) to memorialize their mutual understanding of the status of
certain conditions arising under the Original Purchase Agreement, and (ii) to modify the Original
Purchase Agreement to the extent expressly set forth in this First Amendment.

Now, therefore, in consideration of the sum of Ten and No/100 United States Dollars (USD
10.00), and of other good and valuable consideration, the receipt and sufficiency of which the
Parties hereby acknowledge, the Parties hereby agree to amend, and thus hereby do amend, the
Original Purchase Agreement (which, as modified by this First Amendment, shall be known under this
First Amendment as the “Purchase Agreement”), as set forth below.

1. Modifications to the Original Purchase Agreement. The Parties hereby agree that the
Original Purchase Agreement shall be modified as follows:

a. Line 28 of page 2 (Section 2(b)) of the Original Purchase Agreement is hereby deleted and
the following is inserted in that place: “(ii) passage of the Contingency Date under this
Agreement, though in no instance later than October 31, 2005, Buyer shall deposit the sum of Two”.

b. Lines 1-2 of page 3 (Section 3(a)) of the Original Purchase Agreement is hereby modified
by deleting therefrom the date “September 23, 2005” and by inserting the following date in that
place: “September 30, 2005”.

c. Line 21 of page 3 (Section 3(b)) of the Original Purchase Agreement are hereby modified by
deleting therefrom the date “October 7, 2005” and by inserting the following date in that place:
“October 14, 2005”.

d. Lines 15-16 of page 4 (Section 3(b)(2)(B)) of the Original Purchase Agreement are hereby
modified by deleting therefrom the phrase “not less than two (2) nor more than four (4) days before
the Closing Date,” and by inserting the following phrase in that place: “no later than October 25,
2005”.

1

 

e. Lines 27-28 of page 4 (Section 3(b)(2)(B)(ii)) of the Original Purchase Agreement are
hereby modified by deleting therefrom the date “November 18, 2005” and by inserting the following
date in that place: “December 2, 2005”.

f. Line 36 of page 4 (Section 3(b)(2)(C)) of the Original Purchase Agreement is hereby
modified by deleting therefrom the phrase “three (3) days after Seller’s delivery” and by inserting
the following phrase in that place: “five (5) days after Seller’s delivery”.

g. Lines 9-10 of page 5 (Section 3(b)(2)(C)) of the Original Purchase Agreement are hereby
modified by deleting therefrom the date “November 18, 2005” and by inserting the following date in
that place: “December 2, 2005”.

h. Line 38 of page 5 and line 1 of page 6 (Section 3(b)(2)(D)) of the Original Purchase
Agreement are hereby modified by deleting therefrom, respectively, the date “November 30, 2005” and
by inserting the following date in those places: “December 19, 2005”.

i. Line 42 of page 8 (Section 4(c)(1)) of the Original Purchase Agreement is hereby modified
by deleting therefrom the phrase “the forty-fifth (45th) day after the Effective Date”
and by inserting the following phrase in that place: “October 31, 2005”.

j. Line 8 of page 13 (Section 8) of the Original Purchase Agreement is hereby modified by
deleting therefrom the date “October 17, 2005” and by inserting the following date in that place:
“November 2, 2005”.

k. Line 13 of page 13 (Section 8) of the Original Purchase Agreement is hereby modified by
deleting therefrom the phrase “not less than fifteen (15) days before the Closing Date” and by
inserting the following phrase in that place: “no later than October 18, 2005”.

l. Lines 14-15 of page 13 (Section 8) of the Original Purchase Agreement are hereby modified
by deleting therefrom the date “November 18, 2005” and by inserting the following date in that
place: “December 2, 2005”.

m. Lines 32-33 of page 14 (Section 9(b)(1)) of the Original Purchase Agreement are hereby
modified by deleting therefrom the phrase “the date that is two (2) days before the original
Closing Date,” and by inserting the following phrase in that place: “October 25, 2005”.

n. Line 5 of page 15 (Section 9(b)(1)(ii)) of the Original Purchase Agreement is hereby
modified by deleting therefrom the date “November 18, 2005” and by inserting the following date in
that place: “December 2, 2005”.

o. Line 14 of page 15 (Section 9(b)(2)) of the Original Purchase Agreement is hereby modified
by deleting therefrom the phrase “three (3) days after Seller’s delivery” and by inserting the
following phrase in that place: “five (5) days after Seller’s delivery”.

p. Line 27 of page 15 (Section 9(b)(2)) of the Original Purchase Agreement is hereby modified
by deleting therefrom the date “November 18, 2005” and by inserting the following date in that
place: “December 2, 2005”.

2

 

q. Lines 11-12 of page 16 (Section 9(b)(3)) of the Original Purchase Agreement are hereby
modified by deleting therefrom the date “November 30, 2005” and by inserting the following date in
that place: “December 19, 2005”.

2. Satisfaction and Waiver of Conditions.

a. Title and Survey. Buyer hereby acknowledges that Seller timely furnished to Buyer, as
required under Section 3 of the Original Purchase Agreement, all Title Commitments, Title
Documents, and Surveys.

b. Due Diligence Documents. Buyer hereby acknowledges that, to Buyer’s Knowledge, Seller
timely made the efforts required under Section 4(a) of the Original Purchase Agreement with respect
to Due Diligence Documents to be provided for Buyer’s review.

c. Seller’s Resolution. The Parties hereby acknowledge the timely satisfaction of Seller’s
resolution condition under Section 5 of the Original Purchase Agreement.

3. Effectiveness. This First Amendment shall be effective only if signed by both Parties, or
if signed in counterpart by both Parties.

4. Construction and Defined Terms. The Original Purchase Agreement and this First Amendment
shall constitute and be construed as a single instrument. Accordingly, (i) any term in this First
Amendment (capitalized or not) that is specifically defined in the Original Purchase Agreement
shall—unless such term shall be specifically defined in this First Amendment—have the definition
given to it in the Original Purchase Agreement, and (ii) if any provision in this First Amendment
shall conflict with or contradict any provision in the Original Purchase Agreement, then the
provision in this First Amendment shall control the interpretation of such Original Purchase
Agreement and this First Amendment together as a single instrument.

5. Ratification. Except as modified by this First Amendment, the Original Purchase Agreement
shall continue in full force and effect, shall be binding upon and inure to the benefit of the
Parties and their respective successors and permitted assigns, and is hereby ratified and confirmed
by the Parties.

[signatures on next page]

3

 

IN WITNESS WHEREOF, the Parties have executed this First Amendment as of the Amendment Date.

	 	 	 	 	 	 	 
	BUYER:

	 	SELLER:
	First Industrial Acquisitions, Inc.,

	 	Rockwell Automation, Inc.,
	a Maryland corporation

	 	a Delaware corporation
	 
	 	 	 	 	 	 
	By:

	 	 	By:	 
	 
	Print Name:
	 	 	Print Name:	 
	 
	Its:

	 	 	Its:	 

4

 

Second Amendment to Purchase and Sale Agreement

This Second Amendment to Purchase and Sale Agreement (this “Second Amendment”) is made as of
the 31st day of October, 2005 (the “Second Amendment Date”), by and between Rockwell
Automation, Inc., a Delaware corporation, formerly known as “Rockwell International
Corporation” (“Seller”) and First Industrial Acquisitions, Inc., a Maryland corporation
(“Buyer”), together known for purposes of this First Amendment as the “Parties.”

A. The Parties, as of August 24, 2005, entered into a Purchase and Sale Agreement (the
“Original Purchase Agreement”) for Seller’s sale to Buyer, and Buyer’s purchase from Seller, of
certain Subject Property defined with particularity in the Original Purchase Agreement.

B. The Parties, as of September 30, 2005, entered into a First Amendment to Purchase and Sale
Agreement (the “First Amendment”) (i) to memorialize their mutual understanding of the status of
certain conditions arising under the Original Purchase Agreement, and (ii) to modify the Original
Purchase Agreement to the extent otherwise expressly set forth in the First Amendment.

C. The Parties now wish further to modify the Original Purchase Agreement and the First
Amendment to the extent expressly set forth in this Second Amendment. Accordingly, the Original
Purchase Agreement, as modified by the First Amendment and by this Second Amendment, shall be known
hereunder as the “Purchase Agreement.”

Now, therefore, in consideration of the sum of Ten and No/100 United States Dollars (USD
10.00), and of other good and valuable consideration, the receipt and sufficiency of which the
Parties hereby acknowledge, the Parties hereby agree to amend, and thus hereby do amend, the
Original Purchase Agreement and the First Amendment as specifically set forth below.

1. Modifications to the Original Purchase Agreement and First Amendment. The Parties hereby
agree that the Original Purchase Agreement and the First Amendment (respectively, as indicated
below) shall be modified as follows:

a. Line 28 of page 1 of the First Amendment (modifying page 2, line 28, Section 2(b) of the
Original Purchase Agreement) is hereby modified by deleting therefrom the date “October 31, 2005”
and by inserting the following date in that place: “November 1, 2005”.

b. Line 18 of page 2 of the First Amendment (modifying page 13, line 8, Section 8 of the
Original Purchase Agreement) is hereby modified by deleting therefrom the date “November 2, 2005”
and by inserting the following date in that place: “November 9, 2005”.

c. The following is hereby added to the Original Purchase Agreement as Subsection (a)(9) to
Section 6 (“Representations and Warranties”):

1

 

“(9) To Seller’s Knowledge:

(A) Such discrete parcel(s) of the Subject Property as is (or
are) commonly known as 3240 South 78th Street in the
40th Ward of the City of Philadelphia, State of
Pennsylvania (altogether, the “Philadelphia Property”), is zoned by
the Philadelphia Zoning Code as lying within zoning classification
“G-2 (Industrial)”; except to the extent any such violation may
already have been cured or otherwise addressed by Seller, Seller has
received no written notice declaring Seller’s use of the Philadelphia
Property, as of the Effective Date, to be in violation of any City of
Philadelphia zoning code or ordinance governing permitted uses in
such zoning classification; and, except to the extent any such
violation may already have been cured or otherwise addressed by
Seller, Seller has received no written notice of any uncorrected
violation of any “housing, building, safety or fire ordinances”
(within the meaning of 21 Pennsylvania Consolidated Statutes §
613.1(a)) with respect to the Philadelphia Property; and

(B) The discrete parcel(s) of the Subject Property as is (or
are) commonly known as 320 Museum Road in Chartiers Township,
Washington County, State of Pennsylvania (the “Washington Property”),
is zoned by the zoning ordinances that prevail in Chartiers Township
as lying within zoning classification “I-1 (Industrial)”; except to
the extent any such violation may already have been cured or
otherwise addressed by Seller, Seller has received no written notice
declaring Seller’s use of the Washington Property, as of the
Effective Date, to be in violation of any zoning code or ordinance
that prevails in Chartiers Township and that governs permitted uses
in such zoning classification; and, except to the extent any such
violation may already have been cured or otherwise addressed by
Seller, Seller has received no written notice of any uncorrected
violation of any “housing, building, safety or fire ordinances”
(within the meaning of 21 Pennsylvania Consolidated Statutes §
613.1(a)) with respect to the Washington Property.”

d. Section 9(a)(9) of the Original Purchase Agreement (“Certificate of Occupancy”) is hereby
deleted.

e. Exhibit B to the Original Purchase Agreement (“Purchase Price Allocation”) is
hereby deleted and the Exhibit B attached to this Second Amendment is inserted in that
place.

f. Schedule A (“Agreed Schedule of Initial Term Basic Rent”) of Exhibit I to
the Original Purchase Agreement (“Form of Lease Agreement”) is hereby deleted and the Schedule
A attached to this Second Amendment is inserted in that place.

2

 

2. Satisfaction and Waiver of Conditions.

a. Satisfaction of Seller Obligations.

(1) Buyer hereby acknowledges that Seller, on October 25, 2005, duly and timely delivered to
Buyer, and that Buyer then timely received from Seller, the following (altogether, the “Disapproved
Matters Reply”): (i) the notice of Uncured Title Matters and listing of Postponed Parcels
contemplated under Section 3(b)(2)(B) of Original Purchase Agreement, and (ii) the listing of Title
Defective Parcels, together with the listing of Seller’s inability to secure issuance of certain
Endorsements with respect to such Title Defective Parcels (the “Missing Endorsements”),
contemplated under Section 9(b)(2)(ii) of the Original Purchase Agreement.

(2) The Parties hereby further acknowledge and agree that the Disapproved Matters Reply shall
be deemed to have included the following information at Page 2 thereof:

	 	 	 
	Title Defective Parcel	 	Missing Endorsement(s)
	 
	Oregon, Portland

	 	ALTA 9 (owner’s) restrictions, encroachments, and
minerals; tax parcel; subdivision or plat act

b. Due Diligence Condition. Buyer hereby expressly waives and declares fully satisfied all
of Buyer’s due diligence rights and conditions arising under Section 4 of the Original Purchase
Agreement (as previously modified by the First Amendment), including, without limitation, the
entirety of Buyer’s due diligence condition under Section 4(c) of the Original Purchase Agreement.

c. Disapproved Matters. Except to the extent that Seller, as of the Second Amendment Date,
(i) may already have caused the Title Company and/or the Surveyor to remove from the Commitments
and/or the Surveys any Disapproved Matter raised as an objection in Buyer’s written notice (dated
October 14, 2005) under Section 3(b) of the Original Agreement (the “Disapproved Matters Notice”),
or (ii) may have obtained one or more endorsements to the pertinent Commitment(s) providing
affirmative title insurance coverage insuring against the effect of any such Disapproved Matter,
Buyer hereby expressly waives Buyer’s right further to object to any Uncured Title Matters or
Missing Endorsements listed in the Disapproved Matters Reply, or to object to Seller’s efforts to
remove, cure, or insure over any of the same. Further, Buyer agrees (i) that (with only the
limited exceptions produced by Seller’s past efforts, as enumerated under (i) and (ii), above, of
this Section 2(c)) all such Uncured Title Matters shall be Permitted Encumbrances under the
Purchase Agreement, and (ii) that Seller shall not be in default of any covenant or obligation
under the Purchase Agreement if Seller shall deliver the Title Policies without the Missing
Endorsements. Notwithstanding the foregoing, however, Seller hereby agrees that, as provided in
Section 3(b)(2) of the Original Agreement, Seller shall continue, prior to the Closing Date, to use
good faith efforts to assist Buyer in addressing and resolving any Uncured Title Matters or Missing
Endorsements that are listed in the Disapproved Matters Reply and that yet remain outstanding;
provided, however, that Seller shall not have any obligation to expend any monies to so assist
Buyer, and that Seller shall not, as a result of its

3

 

agreement to so assist Buyer, be required actually to resolve, procure affirmative insurance over,
or procure an Endorsement over, any Uncured Title Matters or Missing Endorsements listed in the
Disapproved Matters Reply.

3. Additional Provisions.

a. Good Faith Efforts to Deliver Certificates of Occupancy. Notwithstanding that the Parties
have agreed under Section 1(d) of this Second Amendment to eliminate Seller’s delivery obligation
under Section 9(a)(9) of the Original Purchase Agreement, Seller agrees that it shall continue to
exercise reasonable and good faith efforts to deliver to Buyer, at Closing, to the extent then in
Seller’s actual possession or under Seller’s control, a copy of any existing certificate of
occupancy (or comparable permit or license) with respect to each property comprising the Subject
Property.

b. Escrow Closing of Philadelphia Property. The Parties hereby agree that Seller’s
completing, on the Closing Date, all acts necessary to “sell” (within the meaning of 21
Pennsylvania Consolidated Statutes § 613) to Buyer the Philadelphia Property may make such sale
“unlawful” under 21 Pennsylvania Consolidated Statutes § 613. Accordingly, the Parties shall at
Closing execute and deliver all of Seller’s Closing Documents, Buyer’s Closing Documents, and joint
delivery documents (under Section 9(d) of the Original Purchase Agreement) concerning the
Philadelphia Property into a so-called “New York-style” escrow closing with the escrow department
of the Title Company. Such deliveries shall be made in accordance with the general provisions of
the Title Company’s usual form of deed and money escrow agreement (modified, as appropriate, to
accommodate a “New York-style” closing), and with such special provisions inserted in the escrow
agreement as may be required to conform to this Agreement, including, without limitation, a
provision specifying that such escrow shall not close, and the Deed to the Philadelphia Property
thus shall not be delivered to Buyer or released for recordation, until the Title Company shall
have received from the City of Philadelphia each “certification” and “certificate” indicated for
delivery under 21 Pennsylvania Consolidated Statutes § 613. The attorneys for both Seller and
Buyer are authorized to sign the escrow agreement. Upon the creation of such escrow, payment of
the Purchase Price allocated (under Exhibit B to Purchase Agreement) to the Philadelphia Property
and delivery of the Deed to the Philadelphia Property shall be made through the escrow. The cost
of the escrow shall be divided equally between Seller and Buyer. In the event, however, that
Seller fails to procure the requisite certification and certificate (as referenced above) on or
before December 1, 2005, then Buyer shall have the unilateral right to withdraw its deposits from
the escrow.

4. Limited Post-closing Covenants of Seller. The Parties hereby agree (i) that Seller’s
obligations under the Purchase and Sale Agreement shall include the obligations to perform the
limited undertakings specifically enumerated in Subsections 4(a) and 4(b) below (altogether, the
“Limited Undertakings”), and (ii) that the terms and obligations of this Section 4 shall survive
Closing of the transaction, though only for the limited periods of Buyer’s obligation(s) hereunder,
as such periods are expressly set forth in the following Subsections 4(a) and 4(b) (including all
Attachments incorporated therein):

4

 

(a) Limited Environmental Undertaking. Seller shall, at Seller’s sole cost and expense,
promptly commence, and thereafter continuously prosecute to completion (as mutually and reasonably
determined by the Parties), each specific action called for in the listing set forth on the
Attachment 1 attached to and made a part of this Second Amendment.

(b) Limited Capital Repair Undertaking. As to each specific action called for in Buyer’s
preliminary list set forth on the Attachment 2 attached to and made a part of this Second
Amendment (the “Preliminary Action List”), Buyer shall, within ten (10) days after Closing, submit
to Seller at least one (1) written, third-party study or report obtained by Buyer and stating the
need for each specific action (in each instance, an “Action Item”) called for in the Preliminary
Action List (as to each Action Item, an “Action Report”).

(1) After having received an Action Report with respect to each Action Item, Seller may
independently investigate the factual predicates for each such Action Item and/or Action Report.

(A) If Seller shall, as a consequence of such investigation, determine to contest any
such Action Item or Action Report, Seller shall notify Buyer in writing, no later than
January 31, 2006, of each Action Item or Action Report so contested. Promptly after
delivery of any such notice, representatives of both Parties shall meet at a mutually
acceptable time and place, and thereafter as often as they reasonably deem necessary, to
exchange relevant information and to attempt to resolve Seller’s contest. If any Seller’s
contest has not been resolved by February 28, 2006, or if the Parties fail to meet within a
reasonable time, Seller may initiate arbitration of the dispute as provided in Section
4(b)(2).

(B) As to every Action Item not contested by Seller in writing on or before January
31, 2006, Seller shall thereafter, at Seller’s sole cost and expense, promptly commence, and
thereafter continuously prosecute to completion (as mutually and reasonably determined by
the Parties, each and every such Action Item.

(2) Seller shall have the right to initiate an arbitration under Section 4(b)(1)(A) by
delivering to Buyer, no later than March 1, 2006, one or more written notices (in each instance, an
“Action Report Dispute Notice”) stating Seller’s contention that one or more specific actions set
forth on the Preliminary Action List are not be necessary to render the Leased Premises as to which
such specific action(s) may pertain fit to be used for Seller’s the intended use of such Leased
Premises, as contemplated by the Lease for such Leased Premises, in accordance with the practices
generally recognized as then acceptable by other companies in its industry and operating comparable
real properties in the geographic region in which the Leased Premises are located. If Seller fails
to timely deliver an Action Report Dispute Notice with respect to one or more Action Reports, then
Seller shall automatically be deemed to have irrevocably waived its right to do so, and Seller
shall also automatically be deemed to have accepted any Action Report with respect to which Seller
fails to timely deliver an Action Report Dispute Notice, in which event Seller shall proceed, as
required above, to perform the item(s)

5

 

noted in all such Action Reports with respect to which Seller fails to timely deliver an Action
Report Dispute Notice.

(3) Each contention enumerated in an Action Report Dispute Notice (in each case, an “Action
Report Dispute”) shall be resolved by binding arbitration before the American Arbitration
Association (the “Association”). Arbitration proceedings on each Action Report Dispute shall
commence no later than thirty (30) days after delivery of the Action Report Dispute Notice that
enumerates such Action Report Dispute, pursuant to the following procedure:

(A) Selection of Arbitrator. The arbitration proceeding shall be conducted in
Chicago, Illinois by a single arbitrator (the “Arbitrator”). The Action Report Dispute
Notice shall direct the Association to assemble a list of five proposed independent
arbitrators, each of whom shall be a member of the Association and none of whom may be
related to, or affiliated with, either Buyer or Seller. Within ten (10) days after delivery
of the Action Report Dispute Notice, the Association shall deliver its list of the names of
those five proposed independent arbitrators to the Parties. No later than five (5) days
after delivery of said list of proposed independent arbitrators to the Parties by the
Association, the Parties shall cause a meeting to occur between their respective
spokespersons (or their authorized representatives), which meeting may occur telephonically
or in person, whichever is mutually and reasonably acceptable to the Parties. At that
meeting, the two spokespersons shall examine the list of five business names submitted by
the Association and they shall each eliminate two of those names, and the sole remaining
proposed arbitrator shall be the Arbitrator. In order to eliminate four of the proposed
arbitrators whose names were submitted by the Association, first, the spokesperson for the
Buyer shall eliminate a proposed arbitrator of his choice and then the Buyer’s spokesperson
shall eliminate a proposed arbitrator of his choice. The two spokespersons shall continue
to eliminate names from the Association’s list in this manner until each of them has
eliminated two names, and they have selected the Arbitrator. The two spokespersons shall
immediately notify the Association, in writing and by telephone, of the name of the
Arbitrator, and they shall direct the Association to contact the Arbitrator in order to
schedule the commencement of the arbitration proceedings within the required time period
described above. In the event that the chosen Arbitrator is not available to commence the
Arbitration proceedings within the thirty (30) day time limit specified herein, the Parties
shall choose the last eliminated Arbitrator whose schedule permits commencement of the
proceedings within such thirty (30) day period.

(B) Submission of Dispute. In connection with the arbitration proceedings,
each of the Parties shall submit, in writing (up to a maximum aggregate submission length of
twenty (20) pages each for Seller and Buyer), the specific requested action (if any) that it
wishes to be taken with respect to the matter that is disputed, and the Arbitrator shall be
obligated to choose either the Buyer’s or the Seller’s specific requested actions proposed
by Buyer or Seller, without being permitted to effectuate any compromise position. In
making its choice, Arbitrator shall select whichever of Buyer’s

6

 

or Seller’s specific requested actions as would more closely result in rendering the
Leased Premises as to which the instant Action Report Dispute pertains fit to be used for
Seller’s intended use of such Leased Premises (as contemplated by the Lease for such Leased
Premises) in accordance with the practices generally recognized as then acceptable by other
companies in Seller’s industry and operating comparable real properties in the geographic
region in which the pertinent Leased Premises are located. Except as otherwise expressly
required under this Section 4(b), and as the Parties may otherwise agree in writing, the
arbitration proceeding shall be conducted in accordance with the rules of the Association
then obtaining. The decision or award rendered by the Arbitrator shall be final and
non-appealable and judgment may be entered upon it in accordance with applicable Illinois
law in a court of competent jurisdiction.

(C) Costs of Arbitration. The Party whose requested action or decision is not
selected by the Arbitrator shall bear (i) the cost of its counsel, its experts, and all of
the other representatives it may retain, (ii) the reasonable and actual out-of-pocket costs
of all counsel, experts, or other representatives retained by the other Party, and (iii) all
other costs of prosecuting the arbitration proceeding (including, without limitation, the
fees, costs, and expenses imposed or incurred by the Arbitrator).

The Parties acknowledge that the Limited Undertakings are unique and nonrecurring obligations of
Seller. Accordingly, the Parties further acknowledge, and indeed expressly agree, that no duty or
obligation performed by Seller as part of the Limited Undertakings shall (i) comprise or be
enforced as part of any covenant(s) or obligation(s) of Seller under any of the Leases (including,
without limitation, of Seller’s covenants or obligations under Paragraph 10 (“Compliance with Laws
and Easement Agreements; Environmental Matters”) or Paragraph 12 (“Maintenance and Repair”) of such
Leases), or (ii) be deemed in any way to constitute evidence of what the Parties intend (or
intended) for the scope or nature of any of Seller’s covenants or obligations under any of the
Leases (including, without limitation, of Seller’s covenants or obligations under Paragraph 10
(“Compliance with Laws and Easement Agreements; Environmental Matters”) or Paragraph 12
(“Maintenance and Repair”) of such Leases). The Parties also acknowledge that Buyer may assign pro
tanto, or collaterally assign pro tanto, as the case may be—assignment(s) pro tanto in each
instance affecting only such discrete parcel(s) of the Subject Property in which such assignee or
collateral assignee shall be assigned an interest—to Buyer’s successors, assigns and lenders,
Buyer’s rights to enforce the Limited Undertakings and the provisions of this Section 4 against
Seller.

5. Leases. Seller acknowledges that Seller’s counsel has delivered drafts of the Leases to
Buyer’s counsel, and Buyer’s counsel is now in the process of having those drafts reviewed by
Buyer’s local counsel in the various jurisdictions with respect only to matters of local law.
Seller hereby agrees that, prior to Closing, Seller shall use reasonable and good faith efforts to
work with Buyer to address any comments that Buyer receives from its local counsel with respect to
the enforceability of the Leases under local law.

6. Effectiveness. This Second Amendment shall be effective only if signed by both Parties,
or if signed in counterpart by both Parties.

7

 

7. Construction and Defined Terms. The Original Purchase Agreement, the First Amendment, and
this Second Amendment shall constitute and be construed as a single instrument. Accordingly, (i)
any term in this Second Amendment (capitalized or not) that is specifically defined in the Original
Purchase Agreement shall—unless such term shall be specifically defined in this Second
Amendment—have the definition given to it in the Original Purchase Agreement, and (ii) if any
provision in this Second Amendment shall conflict with or contradict any provision in the Original
Purchase Agreement (as previously modified by the First Amendment), then the provision in this
Second Amendment shall control the interpretation of such Original Purchase Agreement and First
Amendment with this Second Amendment together as a single instrument.

8. Ratification. Except as modified by this Second Amendment, the Original Purchase
Agreement (as previously modified by the First Amendment) shall continue in full force and effect,
shall be binding upon and inure to the benefit of the Parties and their respective successors and
permitted assigns, and is hereby ratified and confirmed by the Parties.

[Signatures begin on page 9 of this Second Amendment.]

8

 

IN WITNESS WHEREOF, the Parties have executed this Second Amendment as of the Second Amendment
Date.

	 	 	 	 	 	 	 
	BUYER:

	 	SELLER:
	First Industrial Acquisitions, Inc.,

	 	Rockwell Automation, Inc.,
	a Maryland corporation

	 	a Delaware corporation
	 
	 	 	 	 	 	 
	By:

	 	 	By:	 
	Print Name:

	 	 	Print Name:	 
	Its:

	 	 	Its:	 

9<PAGE>
                                                                     EXHIBIT 4.2

                          REGISTRATION RIGHTS AGREEMENT

     This Registration Rights Agreement (this "Agreement") is made and entered
into as of March 23, 2005, by and between Vintage Wine Trust Inc., a Maryland
corporation (together with any successor entity thereto, the "Company"), and
Friedman, Billings, Ramsey & Co., Inc., a Delaware corporation (including its
successors and assigns, "FBR"), for the benefit of FBR and the Holders (as
defined below) and the direct and indirect transferees of FBR and each of the
Holders.

     This Agreement is made pursuant to the Purchase/Placement Agreement (the
"Purchase/Placement Agreement"), dated as of March 23, 2005, by and among the
Company, Vintage Wine Trust LP and FBR. In order to induce the investors who are
purchasing the Common Stock in the Private Placement to purchase such Common
Stock and FBR to enter into the Purchase/Placement Agreement, the Company has
agreed to provide the rights provided for in this Agreement to FBR and the
Holders. The execution and delivery of this Agreement is a condition to the
closing of the transactions contemplated by the Purchase/Placement Agreement.

     The parties hereto hereby agree as follows:

1.   DEFINITIONS

     As used in this Agreement, the following terms shall have the following
meanings:

     Accredited Investor Shares: The shares of Common Stock initially sold by
the Company to "accredited investors" (within the meaning of Rule 501(a)
promulgated under the Securities Act) on March 23, 2005.

     Additional Shares: Common Stock. or other securities of the Company issued
in respect of the Shares by reason of or in connection with any stock dividend,
stock distribution, stock split, purchase in any rights offering or in
connection with any exchange for or replacement of such shares or any
combination of shares, recapitalization, merger or consolidation, or any other
equity securities issued pursuant to any other pro rata distribution with
respect to the Common Stock.

     Agreement: As defined in the preamble hereof.

     Affiliate: As to any specified Person, (i) any Person directly or
indirectly owning, controlling or holding, with power to vote, ten percent or
more of the outstanding voting securities of such other Person, (ii) any Person
ten percent or more of whose outstanding voting securities are directly or
indirectly owned, controlled or held, with power to vote, by such other Person,
(iii) any Person directly or indirectly controlling, controlled by or under
common control with such other Person, (iv) any executive officer, director,
trustee, managing member or general partner of such Person and (v) any legal
entity for which such Person acts as an executive officer, director, trustee,
managing member or general partner. For purposes of this definition, "control"
(including the correlative meanings of the terms "controlled by" and "under
common control with"), as used with respect to any Person, shall mean the
possession, directly, or indirectly through one or more intermediaries or
relationships, of the power to direct or cause the direction of the management
and policies of such Person, whether by contract, through the ownership of
voting securities, partnership or member interests or other equity interests or
otherwise. An indirect

<PAGE>

relationship shall include, without limitation, circumstances in which a
Person's spouse, children, parents, siblings or mother-, father-, sister- or
brother-in-law is or has been associated with a Person.

     Business Day: With respect to any act to be performed hereunder, each
Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which
banking institutions in New York, New York are authorized or obligated by
applicable law, regulation or executive order to close.

     Closing Time: March 23, 2005.

     Commission: The Securities and Exchange Commission.

     Common Stock: The common stock, par value $0.01 per share, of the Company.

     Company: As defined in the preamble hereof.

     Controlling Person: As defined in Section 6(a) hereof.

     End of Suspension Notice: As defined in Section 5(b) hereof.

     Exchange Act: The Securities Exchange Act of 1934, as amended, and the
rules and regulations promulgated by the Commission thereunder.

     Executive Officers: The Chief Executive Officer, the Chief Financial
Officer and the Chief Operating Officer.

     FBR: As defined in the preamble hereof.

     Holder: Each record and beneficial owner of any Registrable Shares from
time to time, including FBR and its Affiliates, and each such owner's direct and
indirect transferees.

     Indemnified Party: As defined in Section 6(c) hereof.

     Indemnifying Party: As defined in Section 6(c) hereof

     IPO Registration Statement: As defined in Section 2(b) hereof.

     Liabilities: As defined in Section 6(a) hereof.

     NASD: The National Association of Securities Dealers, Inc.

     Offering Memorandum: The Offering Memorandum of the Company dated March 16,
2005 pursuant to which the Shares are offered and sold.

     Person: An individual, partnership, limited liability company, corporation,
trust, unincorporated organization, government or agency or political
subdivision thereof, or any other legal entity.

     Private Placement: The private placement of the Rule 144A Shares and the
Regulation S Shares to FBR, as initial purchaser, and the Accredited Investor
Shares on March 23, 2005 as more particularly described in the Offering
Memorandum.

                                      -2-

<PAGE>

     Proceeding: An action (including a class action), claim, suit, demand,
arbitration or other proceeding (including without limitation, an investigation
or partial proceeding, such as a deposition), whether commenced or, to the
knowledge of the Person subject thereto, threatened, by any Person.

     Prospectus: The prospectus included in any Registration Statement,
including any preliminary prospectus, and all other amendments and supplements
to any such prospectus, including post-effective amendments, and all material
incorporated by reference or deemed to be incorporated by reference, if any, in
such prospectus.

     Purchase/Placement Agreement: As defined in the preamble, as amended from
time to time in accordance with the terms thereof.

     Purchaser Indemnitee: As defined in Section 6(a) hereof.

     Registrable Shares: The Shares, upon original issuance thereof, and at all
times subsequent thereto, including upon the transfer thereof by the original
Holder or any subsequent Holder and any Additional Shares, until the earliest to
occur of (i) the date on which all such shares have been sold pursuant to an
effective Registration Statement, (ii) the date on which all such shares are
sold, transferred or otherwise disposed of pursuant to Rule 144, (iii) the date
on which, in the opinion of counsel to the Company, all such shares not held by
Affiliates of the Company are eligible for sale without registration under the
Securities Act pursuant to subparagraph (k) of Rule 144 and any applicable
legend restricting further transfer of such shares has been removed, or (iv) the
second anniversary of the initial effective date of the Shelf Registration
Statement or, in the case of any Additional Shares for which tacking under Rule
144A is not available and which are not included in the Shelf Registration
Statement, until the second anniversary of the issuance of the Additional Shares
(subject to extension pursuant to Section 5(c) hereof), if later.

     Registration Default: As defined in Section 2(e) hereof.

     Registration Expenses: Any and all fees and expenses incident to the
Company's performance of, or compliance with its obligations under this
Agreement, including, without limitation: (i) all Commission, securities
exchange, NASD or other registration, listing, inclusion and filing fees, (ii)
all fees and expenses incurred in connection with compliance with applicable
international, federal or state securities or blue sky laws (including, without
limitation, any registration, listing and filing fees and reasonable fees and
disbursements of counsel in connection with blue sky qualification of any of the
Registrable Shares and the preparation of a blue sky memorandum and compliance
with the rules of the NASD), (iii) all expenses of any Person in preparing or
assisting in preparing, word processing, duplicating, printing, delivering and
distributing any Registration Statement, any Prospectus, any amendments or
supplements thereto, any underwriting agreements, agreements among underwriters,
securities sales agreements, certificates and any other documents relating to
the performance by the Company under, and compliance by the Company with, this
Agreement, (iv) all fees and expenses incurred in connection with the listing or
inclusion of any of the Registrable Shares on any securities exchange or
national quotation system pursuant to Section 4(n) of this Agreement or
otherwise, (v) the fees and disbursements of counsel for the Company and of the
independent public accountants of the Company (including, without limitation,
the expenses of any special audit and "cold comfort" letters required by or
incident to such performance), (vi) reasonable fees and disbursements of one
Selling Holders' Counsel for each Registration Statement, (vii) the amounts set
forth in Section 4(m), and (viii) any fees and expenses customarily paid by
issuers in connection with issues and sales of securities (including the fees
and expenses of any experts retained by the Company in connection with any
Registration Statement) and the satisfaction of the Company's obligations set
forth herein; provided, however, that Registration Expenses shall exclude
brokers' or underwriters' discounts and commissions

                                      -3-

<PAGE>

and any transfer taxes or transfer fees, if any, relating to the sale or
disposition of Registrable Shares by a Holder, and the fees and expenses of any
counsel to the Holders, except as provided for in clause (vi) above.

     Registration Statement: Any Shelf Registration Statement, Subsequent Shelf
Registration Statement or IPO Registration Statement (to the extent it covers
the resale of any Registrable Shares) or other registration statement of the
Company that covers the resale of any Registrable Shares, including the
Prospectus, amendments and supplements to such registration statement or
Prospectus, including pre- and post-effective amendments, all exhibits thereto
and all material incorporated by reference or deemed to be incorporated by
reference, if any, in such registration statement.

     Regulation S: Regulation S (Rules 901-905) promulgated by the Commission
under the Securities Act, as such rules may be amended from time to time, or any
similar rule or regulation hereafter adopted by the Commission as a replacement
thereto having substantially the same effect as such regulation.

     Regulation S Shares: The shares of Common Stock initially sold by the
Company to FBR and resold by FBR pursuant to the Purchase/Placement Agreement to
"non-U.S. persons" (in accordance with Regulation S) in an "offshore
transaction" (in accordance with Regulation S).

     Rule 144: Rule 144 promulgated by the Commission pursuant to the Securities
Act, as such rule may be amended from time to time, or any similar rule or
regulation hereafter adopted by the Commission as a replacement thereto having
substantially the same effect as such rule.

     Rule 144A: Rule 144A promulgated by the Commission pursuant to the
Securities Act, as such rule may be amended from time to time, or any similar
rule or regulation hereafter adopted by the Commission as a replacement thereto
having substantially the same effect as such rule.

     Rule 144A Shares: The shares of Common Stock initially sold by the Company
to FBR and resold by FBR pursuant to the Purchase/Placement Agreement to
"qualified institutional buyers" (as such term is defined in Rule 144A) in
accordance with Rule 144A.

     Rule 158: Rule 158 promulgated by the Commission pursuant to the Securities
Act, as such rule may be amended from time to time, or any similar rule or
regulation hereafter adopted by the Commission as a replacement thereto having
substantially the same effect as such rule.

     Rule 415: Rule 415 promulgated by the Commission pursuant to the Securities
Act, as such rule may be amended from time to time, or any similar rule or
regulation hereafter adopted by the Commission as a replacement thereto having
substantially the same effect as such rule.

     Rule 424: Rule 424 promulgated by the Commission pursuant to the Securities
Act, as such rule may be amended from time to time, or any similar rule or
regulation hereafter adopted by the Commission as a replacement thereto having
substantially the same effect as such rule.

     Rule 429: Rule 429 promulgated by the Commission pursuant to the Securities
Act, as such rule may be amended from time to time, or any similar rule or
regulation hereafter adopted by the Commission as a replacement thereto having
substantially the same effect as such rule.

     Securities Act: The Securities Act of 1933, as amended, and the rules and
regulations promulgated by the Commission thereunder.

                                      -4-

<PAGE>

     Selling Holders' Counsel: Counsel for the Holders that is selected by the
Holders holding a majority of the Registrable Shares included in any
Registration Statement, with such selection being effective by written consent
of Holders holding a majority of the Registrable Shares, whether record or
beneficial Holders.

     Shares: The Rule 144A Shares, the Accredited Investor Shares and the
Regulation S Shares.

     Shelf Registration Statement: As defined in Section 2(a) hereof.

     Subsequent Shelf Registration Statement: As defined in Section 2(c) hereof.

     Suspension Event: As defined in Section 5(b) hereof.

     Suspension Notice: As defined in Section 5(b) hereof.

     Underwritten Offering: A sale of securities of the Company to an
underwriter or underwriters for reoffering to the public.

2.   REGISTRATION RIGHTS

     (a) Mandatory Shelf Registration. As set forth in Section 4 hereof, the
Company agrees to file with the Commission as soon as reasonably practicable
following the date of this Agreement (but in no event later than the date that
is 240 days after the date of the Offering Memorandum) a shelf Registration
Statement on Form S-1l or such other form under the Securities Act then
available to the Company providing for the resale of the Registrable Shares
pursuant to Rule 415 from time to time by the Holders, including for the
avoidance of doubt, any Additional Shares that are issued prior to the
effectiveness of such Shelf Registration Statement (such registration statement,
including the Prospectus, amendments and supplements to such registration
statement or Prospectus, including pre- and post-effective amendments, all
exhibits thereto and all material incorporated by reference or deemed to be
incorporated by reference, if any, in such registration statement, the "Shelf
Registration Statement"). The Company shall use its commercially reasonable
efforts to cause such Shelf Registration Statement to be declared effective by
the Commission as soon as practicable following such filing and for this
purpose, for a period of one year from the date hereof or for so long as FBR is
the managing or co-lead underwriter of such initial public offering, the Company
shall be entitled to consider the advice of the managing or co-lead underwriter
or underwriters of an initial public offering of the Common Stock which is then
pending as to the effect that the effectiveness of the Shelf Registration
Statement could reasonably be expected to have on the initial public offering.
Any Shelf Registration Statement shall provide for the resale from time to time,
and pursuant to any method or combination of methods legally available
(including, without limitation, an Underwritten Offering, a direct sale to
purchasers, a sale through brokers or agents, or sale over the Internet) by the
Holders of any and all Registrable Shares.

     (b) IPO Registration. If the Company proposes to file with the Commission a
registration statement on Form S-11 or such other form under the Securities Act
providing for the initial public offering of shares of Common Stock (such
registration statement, including the Prospectus, amendments and supplements to
such registration statement or Prospectus, including pre- and post-effective
amendments, all exhibits thereto and all material incorporated by reference or
deemed to be incorporated by reference, if any, in such registration statement,
the "IPO Registration Statement"), the Company will notify in writing each
Holder of the filing, within the 20 Business Days after the filing thereof, and
afford each Holder an opportunity by the time designated in the notice to
include in such IPO Registration Statement all or any part of the Registrable
Shares then held by such Holder. Each Holder desiring to include in any such IPO
Registration Statement all or part of the Registrable Shares then held by such

                                      -5-

<PAGE>

Holder shall, within 15 Business Days after delivery of the above-described
written notice by the Company, so notify the Company in writing, and in such
notice shall inform the Company of the number of Registrable Shares such Holder
wishes to include in such IPO Registration Statement. Any election by any Holder
to include any Registrable Shares in the IPO Registration Statement will not
affect the inclusion of such Registrable Shares in the Shelf Registration
Statement or any Subsequent Shelf Registration Statement until such Registrable
Shares have been sold under the IPO Registration Statement; provided, however,
that at such time of sale, the Company shall have the right to remove from the
Shelf Registration Statement or any Subsequent Shelf Registration Statement the
Registrable Shares sold pursuant to the IPO Registration Statement.

          (i) Right to Terminate IPO Registration. At any time, the Company
     shall have the right to terminate or withdraw any IPO Registration
     Statement referred to in this Section 2(b) whether or not any Holder has
     elected to include Registrable Shares in such IPO Registration Statement;
     provided, however, that the Company must provide each Holder that elected
     to include any Registrable Shares in such IPO Registration Statement prompt
     written notice of such termination. Furthermore, in the event the IPO
     Registration Statement is not declared effective by the Commission within
     150 Business Days following delivery by the Company of notice to the
     Holders of their initial opportunity to include all or any part of the
     Registrable Shares then held by such Holders in the IPO Registration
     Statement, unless a road show for the Underwritten Offering pursuant to the
     IPO Registration Statement is in progress at such time, the Company shall
     promptly provide a new written notice to all Holders giving them another
     opportunity to elect to include Registrable Shares in the pending IPO
     Registration Statement. Each Holder desiring to include in any such IPO
     Registration Statement all or part of the Registrable Shares held by such
     Holder shall, within ten (10) business days after receipt of the
     above-described written notice by the Company, so notify the Company in
     writing, and in such notice shall inform the Company of the number of
     Registrable Shares such Holder wishes to include in such IPO Registration
     Statement.

          (ii) Selection of Underwriter. Subject to external contractual
     obligations the Company owes to FBR, the Company shall have the sole right
     to select the managing or co-lead underwriters) for its initial public
     offering, regardless of whether any Registrable Securities are included in
     the IPO Registration' Statement or otherwise.

          (iii) Shelf Registration not Impacted by IPO Registration Statement.
     The Company's obligation to file the Shelf Registration Statement or any
     Subsequent Shelf Registration Statement pursuant to Sections 2(a) and 2(c)
     hereof and keep effective such Shelf Registration Statement or any
     subsequent Shelf Registration Statement shall not be affected by the filing
     or effectiveness of the IPO Registration Statement, except to the extent
     Registrable Shares are sold pursuant to the IPO Registration Statement, in
     which case, the Company shall have the right to remove from the Shelf
     Registration Statement or any Subsequent Shelf Registration Statement, as
     applicable, the Registrable Shares sold pursuant to the IPO Registration
     Statement; provided, however, if the Company files an IPO Registration
     Statement before or after the Company files a Shelf Registration Statement
     or Subsequent Shelf Registration Statement but before the effectiveness of
     the Shelf Registration Statement or such Subsequent Shelf Registration
     Statement, the Company shall have the right to defer causing the Commission
     to declare the Shelf Registration Statement or such Subsequent Shelf
     Registration Statement effective until 75 days after the closing date of
     the underwritten offering pursuant to the IPO Registration Statement;
     provided further that the Company shall have the right, for a period of one
     year from the date hereof or such longer time as FBR may be acting as the
     managing or co-lead underwriter of such initial public offering, to further
     defer causing the Commission to declare the Shelf Registration Statement or
     such Subsequent Shelf Registration Statement effective if the Company is
     advised by the managing or

                                      -6-

<PAGE>

     co-lead underwriter or underwriters of an initial public offering of the
     Common Stock which is then pending that such effectiveness could materially
     adversely affect such initial public offering.

          (iv) Underwriting. The Company shall give written notice to the
     Holders who elected to be included in the IPO Registration Statement of the
     identity of the managing or co-lead underwriters for the Underwritten.
     Offering proposed under the IPO Registration Statement. The right of any
     such Holder's Registrable Shares to be included in any IPO Registration
     Statement pursuant to this Section 2(b) shall be conditioned upon such
     Holder's participation in such Underwritten Offering and the inclusion of
     such Holder's Registrable Shares in the Underwritten Offering to the extent
     provided herein. All Holders proposing to distribute their Registrable
     Shares through such Underwritten Offering shall enter into an underwriting
     agreement in customary form with the managing or co-lead underwriters
     selected by the Company for such underwriting and complete and execute any
     questionnaires, powers of attorney, indemnities, securities escrow
     agreements, custody agreements, lock-up agreements and other documents
     reasonably required under the terms of such underwriting, and furnish to
     the Company such information in writing as the Company may reasonably
     request for inclusion in the IPO Registration Statement; provided, however,
     that no Holder shall be required to make any representations or warranties
     to or agreements (including indemnities) with the Company or the
     underwriters other than representations, warranties or agreements
     (including indemnities) as are customary and reasonably requested by the
     underwriters with the understanding that the foregoing shall be several,
     not joint and several, and no such agreement (including indemnities) shall
     require any Holder to be liable for an amount in excess of the gross
     proceeds received by such Holder through such Underwritten Offering.
     Notwithstanding any other provision of this Agreement, if at any time the
     managing or co-lead underwriters and the Company mutually agree and
     determine in good faith that marketing factors require a limitation on the
     number of shares to be included, then the managing or co-lead underwriters
     may exclude shares (including Registrable Shares) from the IPO Registration
     Statement and the Underwritten Offering, and any shares of Common Stock
     included in the IPO Registration Statement and the Underwritten Offering
     shall be allocated, first, to the Company, and second, to each of the
     Holders requesting inclusion of their Registrable Shares in the IPO
     Registration Statement (on a pro rata basis based on the total number of
     Registrable Shares then requested for inclusion by each such Holder);
     provided, however, that the number of Registrable Shares to be included in
     the IPO Registration Statement shall not be reduced unless all other
     securities of the Company and its subsidiaries held by (i) the Company's
     directors, officers, other employees and consultants; and (ii) other
     holders of the Company's and its subsidiaries' capital stock with
     registration rights that are inferior (with respect to such reduction) to
     the registration rights of the Holders set forth herein, are first entirely
     excluded from the underwriting and registration.

          If any Holder disapproves of the terms of any Underwritten Offering
     that is undertaken in compliance with the terms hereof, such Holder may
     elect to withdraw therefrom by providing written notice to the Company and
     the managing or co-lead underwriters, delivered not later than 10 Business
     Days prior to the effective date of the IPO Registration Statement;
     provided, however, no holder may elect to withdraw if, in the opinion of
     the Company, after advise of counsel, such withdrawal would cause the
     Company to recirculate a preliminary prospectus; provided further, however,
     in the event the IPO Registration Statement is not declared effective by
     the Commission within 150 Business Days following delivery by the Company
     of notice to the Holders of their initial opportunity to include all or any
     part of the Registrable Shares then held by such Holders in the IPO
     Registration Statement, unless a road show for the Underwritten Offering
     pursuant to the IPO Registration Statement is in progress at such time, the
     Company shall promptly provide written notice to all Holders who have
     elected to be included in the IPO Registration Statement giving them
     another opportunity to elect to withdraw from the pending

                                      -7-

<PAGE>

     IPO Registration Statement, and each Holder desiring to withdraw from such
     IPO Registration Statement shall, within 10 Business Days after receipt of
     the above-described written notice by the Company, provide notice to the
     Company and the managing or co-lead underwriters of such election. Any
     Registrable Shares excluded or withdrawn from such Underwritten Offering
     shall be excluded and withdrawn from the IPO Registration Statement.

          (v) Hold-back Agreement. By electing to include Registrable Shares in
     the IPO Registration Statement, if any, the Holder shall be deemed to have
     agreed not to effect any sale or distribution of securities of the Company
     of the same or similar class or classes of the securities included in the
     IPO Registration Statement or any securities convertible into or
     exchangeable or exercisable for such securities, including a sale pursuant
     to Rule 144 or Rule 144A under the Securities Act, during such periods as
     may be requested by the managing or co-lead underwriter (but in no event
     for a period longer than 60 days prior to and 180 days following the
     effective date of the IPO Registration Statement), if an Underwritten
     Offering, or by the Company in any other registration; provided that each
     of the Executive Officers and directors of the Company that hold shares of
     Common Stock or securities convertible into or exchangeable or exercisable
     for shares of Common Stock are subject to restrictions at least as
     burdensome as those applicable to the Holders for not less than the entire
     time period required of the Holders hereunder.

     (c) Subsequent Shelf Registration for Additional Shares Issued after
Effectiveness of the Mandatory Shelf Registration Statement. If any Additional
Shares are issued or distributed to Holders after the effectiveness of the Shelf
Registration Statement, or such Additional Shares were otherwise not included in
a prior Shelf Registration Statement, then the Company shall as soon as
practicable, but in no event later than 90 days after the issuance of such
Additional Shares, file an additional Shelf Registration Statement on Form S-11
or such other form under the Securities Act then available to the Company
providing for the resale of the Additional Shares pursuant to Rule 415 from time
to time by the Holders (such registration statement, including the Prospectus,
amendments and supplements to such registration statement or Prospectus,
including pre- and post-effective amendments, all exhibits thereto and all
material incorporated by reference or deemed to be incorporated by reference, if
any, in such registration statement, a "Subsequent Shelf Registration
Statement") in the same manner, and subject to the same provisions in this
Agreement as the Shelf Registration Statement, provided that the provisions of
Section 2(e) shall be modified so that it shall apply to a Subsequent Shelf
Registration Statement within 90 days after the existence of any Additional
Shares, if later, rather than within 240 days after the date of the Offering
Memorandum.

     (d) Expenses. The Company shall pay all Registration Expenses in connection
with the registration of the Registrable Shares pursuant to this Agreement. Each
Holder participating in a registration pursuant to this Section 2 shall bear
such Holder's proportionate share (based on the total number of Registrable
Shares sold in such registration) of all discounts and commissions payable to
underwriters or brokers and all transfer taxes and transfer fees in connection
with a registration of Registrable Shares pursuant to this Agreement and any
other expense of the Holders not specifically allocated to the Company pursuant
to this Agreement relating to the sale or disposition of such Holder's
Registrable Shares pursuant to any Registration Statement.

     (e) Executive Bonuses and Equity Awards. If (i) the Company does not file a
Shelf Registration Statement registering the resale of the Shares within 240
days after the date of the Offering Memorandum or, if later, 90 days after the
existence of any Additional Shares, other than as a result of the Commission
being unable to accept such filings; (ii) the Company fails to use commercially
reasonable efforts to have the Commission declare such Shelf Registration
Statement effective; or (iii) the Company fails to comply with its obligations
set forth in Section 2 and 4 to file, when and as required, any documents or
other materials necessary to effect, or to otherwise maintain the effectiveness
of any, Shelf

                                      -8-

<PAGE>

Registration Statement (each a "Registration Default"), then, for each day the
Registration Default continues, each Executive Officer of the Company shall
forfeit (A) 2.0% of any cash bonus to which he or she became or becomes entitled
or earned or earns as a result of performance during the 2005 and 2006 fiscal
years (whether payable during or after the 2005 or the 2006 fiscal year, as
applicable), whether under an employment agreement with the Company, a bonus
plan or any other bonus or compensation arrangement or benefit plan, including
any bonus compensation for which payment would otherwise be deferred until after
2005 or 2006 and (B) 2.0% of all awards granted to the Executive Officer by the
Company pursuant to the Company's 2005 Equity Incentive Plan or other equity
incentive plan, up to 100% of any such bonuses or awards, and no bonuses,
compensation, awards, equity compensation or other amounts shall be payable or
granted in lieu of or to make such Executive Officer whole for any such
forfeited bonuses or awards.

3.   RULES 144 AND 144A REPORTING

     With a view to making available the benefits of certain rules and
regulations of the Commission that may permit the sale of the Registrable Shares
to the public without registration, until such date as no Holder owns any
Registrable Shares, the Company agrees to:

     (a) use its commercially reasonable efforts to make and keep public
information available, as those terms are understood and defined in Rule 144(c)
under the Securities Act, at all times after the effective date of the first
registration statement under the Securities Act filed by the Company for an
offering of its securities to the general public;

     (b) use its commercially reasonable efforts to timely file with the
Commission all reports and other documents required to be filed by the Company
under the Securities Act and the Exchange Act (at any time after it has become
subject to such reporting requirements);

     (c) if the Company is not required to file reports and other documents
under the Securities Act and the Exchange Act, make available other information
as required by, and so long as necessary to permit sales of Registrable Shares
pursuant to, Rule 144 and Rule 144A; and

     (d) to furnish to any Holder promptly upon written request (i) a written
statement by the Company as to its compliance with the reporting requirements of
Rule 144 (at any time after 90 days after the effective date of the first
registration statement under the Securities Act filed by the Company for an
offering of its securities to the general public), and of the Securities Act and
the Exchange Act (at any time after it has become subject to the reporting
requirements of the Exchange Act), (ii) a copy of the most recent annual and
quarterly report(s) of the Company, and (iii) such other reports, documents or
shareholder communications of the Company, and take such further actions
consistent with this Section 3, as a Holder may reasonably request in availing
itself of any rule or regulation of the Commission allowing a Holder to sell any
such Registrable Shares without registration.

4.   REGISTRATION PROCEDURES

     In connection with the obligations of the Company with respect to any
registration pursuant to this Agreement, the Company shall use its commercially
reasonable efforts to effect or cause to be effected the registration of the
Registrable Shares under the Securities Act to permit the public resale of such
Registrable Shares by the Holder or Holders in accordance with the Holders'
intended method or methods of resale and distribution, and the Company (and,
with respect to Sections 4(k) and 4(l) hereof, the Partnership) shall, without
limitation:

                                      -9-

<PAGE>

     (a) notify FBR and Selling Holders' Counsel, if any, in writing, at least
15 Business Days prior to filing a Registration Statement (other than an IPO
Registration Statement), of its intention to file a Registration Statement with
the Commission and, at least 10 Business Days prior to filing, provide a copy of
the Registration Statement to FBR, its counsel and Selling Holders' Counsel, if
any, for review and comment, which comments shall be provided within 5 Business
Days of delivering such Registration Statement; prepare and file with the
Commission, as specified in this Agreement, a Registration Statement(s), which
Registration Statement(s) (x) shall comply in all material respects as to form
with the requirements of the applicable form and include all financial
statements required by the Commission to be filed therewith and (y) shall be
reasonably acceptable to FBR and the Selling Holders' Counsel, if any; notify
FBR and Selling Holders' Counsel, if any, in writing, at least 5 Business Days
prior to filing of any amendment or supplement to such Registration Statement
and, at least 3 Business Days prior to filing, provide a copy of such amendment
or supplement to FBR, its counsel and Selling Holders' Counsel, if any, for
review and comment; promptly following receipt from the Commission, provide to
FBR, its counsel and Selling Holders' Counsel, if any, copies of any comments
made by the staff of the Commission relating to such Registration Statement
(whether pre-effective or post-effective) and of the Company's responses thereto
for review and comment; and use its commercially reasonable efforts to cause
such Registration Statement to become effective as soon as practicable after
filing and to remain effective, subject to Section 5 hereof, until the earlier
of (i) such time as all Registrable Shares covered thereby have been sold in
accordance with the intended methods of distribution of such Registrable Shares,
and (ii) there are no Registrable Shares outstanding; provided, however, that
the Company shall not be required to cause any IPO Registration Statement to
become effective; provided, further, that if the Company has an effective Shelf
Registration Statement or Subsequent Shelf Registration Statement on Form S-11
under the Securities Act and becomes eligible to use Form S-3 or such other
short-form registration statement form under the Securities Act, the Company
may, upon 30 Business Days prior written notice to FBR and all Holders, register
any Registrable Shares registered but not yet distributed under the effective
Shelf Registration Statement or Subsequent Shelf Registration Statement on such
a short-form Shelf Registration Statement and, once the short-form Shelf
Registration Statement is declared effective, de-register such shares under the
previous Shelf Registration Statement or any Subsequent Shelf Registration
Statement or transfer the filing fees from the previous Shelf Registration
Statement (such transfer pursuant to Rule 429), if applicable) unless the
Holders holding at least a majority of the shares registered by the Holders
under the initial Shelf Registration Statement or any Subsequent Shelf
Registration Statement notify the Company within 10 Business Days of receipt of
the Company notice that such a registration under a new Registration Statement
and de-registration of the initial Shelf Registration Statement or any
Subsequent Shelf Registration Statement would materially interfere with such
Holders' distribution of Registrable Shares already in progress, in which case
the Company shall delay the effectiveness of the short-form Shelf Registration
Statement and de-registration for a period of not less than 20 Business Days
from the date that the Company receives the notice from such Holders requesting
a delay;

     (b) subject to Section 4(i) hereof, (i) prepare and file with the
Commission such amendments and post-effective amendments to each such
Registration Statement as maybe necessary to keep such Registration Statement
effective for the period described in Section 4(a) hereof; (ii) cause each
Prospectus contained therein to be supplemented by any required Prospectus
supplement, and as so supplemented to be filed pursuant to Rule 424 or any
similar rule that may be adopted under the Securities Act; and (iii) comply with
the provisions of the Securities Act with respect to the disposition of all
securities covered by each Registration Statement during the applicable period
in accordance with the intended method or methods of distribution;

     (c) furnish to FBR and the Holders, without charge, as many copies of each
Prospectus, including each preliminary Prospectus, and any amendment or
supplement thereto and such other documents as FBR or such Holder may reasonably
request, in order to facilitate the public sale or other

                                      -10-

<PAGE>

disposition of the Registrable Shares; the Company consents, subject to Section
5, to the lawful use of such Prospectus, including each preliminary Prospectus,
by FBR and the Holders, if any, in connection with the offering and sale of the
Registrable Shares covered by any such Prospectus;

     (d) use its commercially reasonable efforts to register or qualify, or
obtain exemption from registration or qualification for, all Registrable Shares
by the time the applicable Registration Statement is declared effective by the
Commission under all applicable state securities or "blue sky" laws of such
United States jurisdictions as FBR or any Holder with Registrable Shares covered
by a Registration Statement shall reasonably request in writing, keep each such
registration or qualification or exemption effective during the period such
Registration Statement is required to be kept effective pursuant to Section 4(a)
and do any and all other acts and things that may be reasonably necessary or
advisable to enable such Holder to consummate the disposition in each such
jurisdiction of such Registrable Shares covered by the Registration Statement;
provided, however, that the Company shall not be required to take any action to
comply with this Section 4(d) if it would require the Company or any of its
subsidiaries to (i) qualify generally to do business in any jurisdiction or to
register as a broker or dealer in such jurisdiction where it would not otherwise
be required to qualify but for this Section 4(d), (ii) subject itself to
taxation in any such jurisdiction, or (iii) submit to the general service of
process in any such jurisdiction;

     (e) use its commercially reasonable efforts to cause all Registrable Shares
covered by such Registration Statement to be registered and approved by such
other governmental agencies or authorities in the United States, if any, as may
be necessary to enable the Holders thereof to consummate the disposition of such
Registrable Shares; provided, however, that the Company shall not be required to
take any action to comply with this Section 4(e) if it would require the Company
or any of its subsidiaries to (i) qualify generally to do business in any
jurisdiction or to register as a broker or dealer in such jurisdiction where it
would not otherwise be required to qualify but for this Section 4(e) and except
as may be required by the Securities Act, (ii) subject itself to taxation in any
such jurisdiction, or (iii) submit to the general service of process in any such
jurisdiction;

     (f) notify FBR, Selling Holders' Counsel, if any, and each Holder with
Registrable Shares covered by a Registration Statement promptly and, if
requested by FBR, Selling Holders' Counsel, if any, or any such Holder, promptly
confirm such advice in writing at the address determined in accordance with
Section 10(c), (i) when such Registration Statement has become effective and
when any post-effective amendments thereto become effective or upon the filing
of a supplement to any Prospectus, (ii) of the issuance by the Commission or any
state securities authority of any stop order suspending the effectiveness of
such Registration Statement or the initiation, assertion or threat of any
Proceedings for that purpose, (iii) of any request by the Commission or any
other federal, state or foreign governmental authority for amendments or
supplements to such Registration Statement or related Prospectus or for
additional information, and (iv) of any reason, including without limitation,
the happening of any event during the period such Registration Statement is
effective, as a result of which such Registration Statement or the related
Prospectus or any document incorporated by reference therein, in any case,
contains any untrue statement of a material fact or omits to state any material
fact required to be stated therein or necessary to make the statements therein,
in light of the circumstances under which they were made, riot misleading (which
information shall be accompanied by an instruction to suspend the use of the
Registration Statement and the related Prospectus until the requisite changes
have been made);

     (g) during the period of time referred to in Section 4(a) above, use its
commercially reasonable efforts to avoid the issuance of, or if issued, to
obtain the withdrawal of, any order enjoining or suspending the use or
effectiveness of a Registration Statement or suspending of the qualification (or
exemption from qualification) of any of the Registrable Shares for sale in any
jurisdiction, as promptly as practicable;

                                      -11-

<PAGE>

     (h) upon request, promptly furnish to FBR, Selling Holders' Counsel, if
any, and each requesting Holder with Registrable Shares covered by a
Registration Statement, without charge, at least one conformed copy of each
Registration Statement and any post-effective amendment or supplement thereto
(without documents incorporated therein by reference or exhibits thereto, unless
requested);

     (i) except as provided in Section 5, upon the occurrence of any event
contemplated by Section 4(f)(iv) hereof, use its commercially reasonable efforts
to promptly prepare a supplement or post-effective amendment to a Registration
Statement or the related Prospectus or any document incorporated therein by
reference or file any other required document so that, as thereafter delivered
to the purchasers of the Registrable Shares, such Prospectus will not contain
any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading; and
promptly furnish to FBR, Selling Holders' Counsel, if any, and each requesting
Holder, without charge, a reasonable number of copies of such Prospectus and any
supplement or post-effective amendment to the Registration Statement or
Prospectus and any document incorporated therein by reference or so filed, as
FBR, Selling Holders' Counsel, if any, or such Holder may reasonably request;

     (j) if requested by FBR, Selling Holders' Counsel, if any, the
representative of the underwriters (in an Underwritten Offering), if any, or any
Holder of Registrable Shares being sold in connection with a Registration
Statement, (i) promptly incorporate in a Prospectus supplement or post-effective
amendment such material information as FBR, Selling Holders' Counsel, if any,
the representative of the underwriters, if any, or such Holder indicates in
writing relates to them, and (ii) use its commercially reasonable efforts to
make all required filings of such Prospectus supplement or such post-effective
amendment as soon as practicable after the Company has received written
notification of the matters to be incorporated in such Prospectus supplement or
post-effective amendment;

     (k) in the case of an Underwritten Offering, use its commercially
reasonable efforts to furnish or cause to be furnished to the underwriters a
signed counterpart, addressed to the underwriters, of: (i) an opinion of counsel
for the Company, dated the date of each closing under the underwriting
agreement, reasonably satisfactory to the underwriters (an "Opinion"); and a
copy of such Opinion shall be provided to FBR; and (ii) a "comfort" letter,
dated the effective date of such Registration Statement and the date of each
closing under the underwriting agreement, signed by the independent public
accountants who have certified the Company's financial statements included in
such Registration Statement, covering substantially the same matters with
respect to such Registration Statement (and the Prospectus included therein) and
with respect to events subsequent to the date of such financial statements, as
are customarily covered in accountants' letters delivered to underwriters in
underwritten public offerings of securities and such other financial matters as
FBR and the underwriters may reasonably request (a "Comfort Letter"); and a copy
of any such Comfort Letter shall be delivered to FBR; in the case of a
Registration Statement that does not involve an Underwritten Offering, use its
commercially reasonable efforts to furnish to FBR a signed counterpart,
addressed to FBR, of a Comfort Letter, dated the initial effective date of such
Registration Statement and on the date of each quarterly or year-end
post-effective amendment thereto, in form and substance reasonably satisfactory
to FBR and a copy of any Opinion delivered in connection with such Registration
Statement;

     (l) enter into customary agreements (including in the case of an
Underwritten Offering, an underwriting agreement in customary form and
reasonably satisfactory to the Company) and take all other reasonable action in
connection therewith in order to expedite or facilitate the distribution of the
Registrable Shares included in such Registration Statement and, in the case of
an Underwritten Offering, make representations, warranties and agreements
(including indemnities) to FBR, the Holders of Registrable Shares covered by
such Registration Statement and to the underwriters in such form and

                                      -12-

<PAGE>

scope as are customarily made by issuers to selling stockholders and
underwriters in underwritten offerings, respectively, and confirm the same in
writing to the extent customary if and when requested;

     (m) make available for inspection by FBR, Selling Holders' Counsel, if any,
and the representatives of any underwriters participating in any disposition
pursuant to a Registration Statement and any one counsel and accounting firm
retained by each of FBR, the Holders and the underwriters, respectively, during
normal business hours and upon reasonable notice, all financial and other
records, pertinent corporate documents and properties of the Company and
cooperate with, and cause the respective officers, directors, employees and
agents of the Company to supply all information reasonably requested by such
parties in connection with a Registration Statement and the due diligence review
of the Registration Statement and the information contained or incorporated
therein; provided, however, that such records, documents or information that the
Company determines, in good faith, to be confidential and with respect to which
the Company notifies the foregoing parties in advance of such confidential
nature, shall not be disclosed by the foregoing parties unless (i) the
disclosure of such records, documents or information is necessary to avoid or
correct a material misstatement or omission in a Registration Statement or
Prospectus, (ii) the release of such records, documents or information is
ordered pursuant to a subpoena or other order from a court of competent
jurisdiction, or (iii) such records,, documents or information have been
generally made available to the public; concurrent with the initial filing of a
Registration Statement with the Commission, pay the sum of up to $50,000 to FBR,
by wire transfer of immediately available funds, to reimburse FBR's fees and
expenses associated with its due diligence review of the Registration Statement
and the information contained or incorporated therein;

     (n) use its commercially reasonable efforts to satisfy the criteria for
listing and list or include (if the Company satisfies the criteria for listing
or inclusion on such exchange or market) or include all Registrable Shares on
the New York Stock Exchange or The Nasdaq Stock Market as soon as practicable
(including, without limitation, seeking to cure in the Company's listing or
inclusion application any deficiencies cited by the exchange or market) and
thereafter use commercially reasonable efforts to maintain such listing;

     (o) use its commercially reasonable efforts to prepare and timely file all
documents, reports and certifications required by the Securities Act and the
Exchange Act at all times beginning from the date the Company is first subject
to such filing, reporting or certification requirements through the date no
Holders hold Registrable Shares;

     (p) provide a CUSIP number for all Registrable Shares, not later than the
effective date of the Registration Statement;

     (q) (i) otherwise use its commercially reasonable efforts to comply with
all applicable rules and regulations of the Commission and, as applicable, the
New York Stock Exchange, The Nasdaq Stock Market or other listing standard, (ii)
to make generally available to its security holders, and to deliver to you, an
earnings statement of the Company (which will satisfy the provisions of Section
11(a) of the Securities Act) covering a period of twelve months beginning after
the effective date of the Registration Statement (as defined in Rule 158(c) of
the Securities Act) as soon as is reasonably practicable after the termination
of such twelve-month period but not later 60 days following such twelve-month
period; and (iii) not file any Registration Statement or Prospectus or amendment
or supplement to such Registration Statement or Prospectus to which FBR, Selling
Holders' Counsel, if any, or any Holder of Registrable Shares covered by such
Registration Statement shall have, upon advice of counsel, reasonably objected
on the grounds that such Registration Statement or Prospectus or amendment or
supplement does not comply in all material respects with the requirements of the
Securities Act, provided that the Company may file and request effectiveness of
such Registration Statement following such time as the Company shall have used
its commercially reasonable efforts to resolve any such issue with the objecting
Holder and shall

                                      -13-

<PAGE>

have advised the Holder in writing of its reasonable belief, upon advice of
counsel, that such filing complies with the requirements of the Securities Act;

     (r) provide and cause to be maintained a registrar and transfer agent for
all Registrable Shares covered by any Registration Statement from and after a
date not later than the effective date of such Registration Statement;

     (s) in connection with any sale or transfer of the Registrable Shares
(whether or not pursuant to a Registration Statement) that will result in the
security being delivered no longer being Registrable Shares, cooperate with the
Holders and the representative of the underwriters, if any, to facilitate the
timely preparation and delivery of certificates representing the Registrable
Shares to be sold, which certificates shall not bear any transfer restrictive
legends (other than as required by the Company's Charter) and to enable such
Registrable Shares to be in such denominations and registered in such names as
the representative of the underwriters, if any, or the Holders may reasonably
request at least 3 Business Days prior to any sale of the Registrable Shares;

     (t) in connection with the initial filing of a Shelf Registration Statement
or any Subsequent Shelf Registration Statement and each amendment thereto with
the Commission, prepare and timely file with the NASD all forms and information
required or requested by the NASD which are required to be prepared and filed by
the Company or its representatives or as may be reasonably requested by FBR or
the underwriters;

     (u) upon effectiveness of the first Registration Statement filed by the
Company under this Agreement, take such actions and make such filings as are
necessary to effect the registration of the Common Stock under the Exchange Act
simultaneously with or as soon as practicable following the effectiveness of the
Registration Statement.

     The Company may require the Holders to furnish to the Company such
information regarding the proposed distribution by such Holder of such
Registrable Shares as the Company may from time to time reasonably request in
writing or as shall be required to effect the registration of the Registrable
Shares and no Holder shall be entitled to be named as a selling stockholder in
any Registration Statement and no Holder shall be entitled to use the Prospectus
forming; a part thereof if such Holder does not provide such reasonable
information to the Company. Any Holder that sells Registrable Shares pursuant to
a Registration Statement shall be required to be named as a selling stockholder
in the related Prospectus and to deliver or cause to be delivered a Prospectus
to purchasers. Each Holder further agrees to furnish promptly to the Company in
writing all information required from time to time to make the information
previously furnished by such Holder not misleading.

     Each Holder agrees that, upon receipt of any notice from the Company of the
happening of any event of the kind described in Section 4(f)(ii), 4(f)(iii) or
4(f)(iv) hereof, such Holder will immediately discontinue disposition of
Registrable Shares pursuant to a Registration Statement until such Holder's
receipt of copies of the supplemented or amended Prospectus. If so directed by
the Company, such Holder will deliver to the Company (at the reasonable expense
of the Company) all copies in its possession, other than permanent file copies
then in such Holder's possession, of the Prospectus covering such Registrable
Shares current at the time of receipt of such notice.

5.   BLACK-OUT PERIOD

     (a) Subject to the provisions of this Section 5 and a good faith
determination by a majority of the independent members of the Board of Directors
of the Company that it is in compliance with the terms hereof and that it is in
the best interests of the Company to suspend the use of the Registration

                                      -14-

<PAGE>

Statement, following the effectiveness of a Registration Statement (and the
filings with any international, federal or state securities commissions), the
Company, by written notice to FBR, Selling Holders' Counsel, if any, and the
Holders, may direct the Holders to suspend sales of the Registrable Shares
pursuant to a Registration Statement for such times as the Company reasonably
may determine is necessary and advisable (but in no event for more than an
aggregate of 90 days in any rolling 12 month period commencing on the closing
date of the transactions contemplated by the Purchase/Placement Agreement), if
any of the following events shall occur: (i) the representative of the
underwriters of an Underwritten Offering of Common Stock by the Company has
advised the Company that the offer or sale of Registrable Shares pursuant to the
Registration Statement would have a material adverse effect on the Company's
Underwritten Offering; (ii) a majority of the independent directors of the Board
of Directors of the Company determines in good faith that the offer or sale of
any Registrable Shares would materially impede, delay or interfere with any
proposed financing, offer or sale of securities, acquisition, merger, business
combination, corporate reorganization or other similar material transaction
involving the Company; or (iii) a majority of the independent directors of the
Board of Directors of the Company determines in good faith that it is required
by law, rule or regulation to supplement the Registration Statement or file a
post-effective amendment to the Registration Statement in order to incorporate
information into the Registration Statement for the purpose of (1) including in
the Registration Statement any financial information required under Section
10(a)(3) of the Securities Act; (2) reflecting in the Prospectus included in the
Registration Statement any facts or events arising after the effective date of
the Registration Statement (or of the most-recent post-effective amendment)
that, individually or in the aggregate, represents a fundamental change in the
information set forth therein; or (3) including in the Prospectus included in
the Registration Statement any material information with respect to the plan of
distribution not disclosed in the Registration Statement or any material change
to such information. Upon the occurrence of any such suspension, the Company
shall use every reasonable effort to cause the Registration Statement to become
effective or to promptly amend or supplement the Registration Statement on a
post-effective basis or to take such action as is necessary to make resumed use
of the Registration Statement as soon as possible.

     (b) In the case of an event that causes the Company to suspend the use of a
Registration Statement (a "Suspension Event"), the Company shall-give written
notice (a "Suspension Notice") to FBR and the Holders to suspend sales of the
Registrable Shares and such notice shall state generally the basis for the
notice and that such suspension shall continue only for so long as the
Suspension Event or its effect is continuing and the Company is using every
reasonable effort and taking all reasonable steps to terminate suspension of the
use of the Registration Statement as promptly as possible. The Holders shall not
effect any sales of the Registrable Shares pursuant to such Registration
Statement (or such filings) at any time after it has received a Suspension
Notice from the Company and prior to receipt of an End of Suspension Notice (as
defined below). If so directed by the Company, each Holder will deliver to the
Company (at the expense of the Company) all copies other than permanent file
copies then in such Holder's possession of the Prospectus covering the
Registrable Shares at the time of receipt of the Suspension Notice. The Holders
may recommence effecting sales of the Registrable Shares pursuant to the
Registration Statement (or such filings) following further written notice to
such effect (an "End of Suspension Notice") from the Company, which End of
Suspension Notice shall be given by the Company to the Holders and FBR in the
manner described above promptly following the conclusion of any Suspension Event
and its effect.

     (c) Notwithstanding any provision herein to the contrary, if the Company
shall give a Suspension Notice with respect to any Registration Statement
pursuant to this Section 5, the Company agrees that it shall extend the period
of time during which such Registration Statement shall be maintained effective
pursuant to this Agreement by one times the number of days during the period
from the date of receipt by the Holders of the Suspension Notice to and
including the date of receipt by the Holders of the End of Suspension Notice and
provide copies of the supplemented or amended Prospectus

                                      -15-

<PAGE>

necessary to resume sales, with respect to each Suspension Event; and, if
applicable, the period for which the shares of Common Stock covered by such
Registration Statement remain Registrable Shares shall be commensurately
extended.

6.   INDEMNIFICATION AND CONTRIBUTION

     (a) The Company agrees to indemnify and hold harmless (i) each Holder and
FBR, (ii) each Affiliate and other Person, if any, who controls (within the
meaning of Section 15 of the Securities Act or Section 20(a) of the Exchange
Act), any such Person described in clause (i) (any of the Persons referred to in
this clause (ii) being hereinafter referred to as a "Controlling Person"), and
(iii) the respective officers, directors, partners, members, managers,
employees, representatives and agents of any such Person or any Controlling
Person (any Person referred to in clause (i), (ii) or (iii) may hereinafter be
referred to as a "Purchaser Indemnitee"), from and against any and all losses,
claims, damages, judgments, Proceedings, out-of-pocket expenses, and other
liabilities (collectively, the "Liabilities"), including without limitation and
as incurred, reimbursement of all reasonable costs of investigating, preparing,
pursuing or defending any Proceeding by any governmental agency or body,
commenced or threatened, including the reasonable fees and expenses of counsel
to any Purchaser Indemnitee, joint or several, directly or indirectly related
to, based upon, arising out of or in connection with any untrue statement or
alleged untrue statement of a material fact contained in any Registration
Statement or Prospectus (as amended or supplemented if the Company shall have
furnished to such Purchaser Indemnitee any amendments or supplements thereto),
or any preliminary Prospectus or any other document prepared in part by the
Company used to sell the Registrable Shares, or any omission or alleged omission
to state therein a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were
made, not misleading, except to the extent such Liabilities arise out of or are
based upon (i) any untrue statement or omission or alleged untrue statement or
omission made in reliance upon and in conformity with information relating to
any Purchaser Indemnitee furnished to the Company or any underwriter in writing
by such Purchaser Indemnitee expressly for use therein, (ii) any untrue
statement contained in or omission from a preliminary Prospectus if a copy of
the Prospectus (as then amended or supplemented, if the Company shall have
furnished to or on behalf of the Holder participating in the distribution
relating to the relevant Registration Statement any such amendments or
supplements thereto) was not sent or given by or on behalf of such Holder after
having been received by such Holder to the Person asserting any such Liabilities
who purchased Registrable Shares, if such Prospectus (or Prospectus as amended
or supplemented) is required by law to be sent or given at or prior to the
written confirmation of the sale of such Registrable Shares to such Person and
the untrue statement contained in or omission from such preliminary Prospectus
was corrected in the Prospectus (or the Prospectus as amended or supplemented),
or (iii) use by a Holder participating in the distribution relating to the
relevant Registration Statement of such Registration Statement or the related
Prospectus during a period when a stop order has been issued in respect thereof
or any motion or proceeding for that purpose have been initiated or use of such
Registration Statement or Prospectus has been suspended pursuant to Section
4(f)(ii), 4(f)(iii) or 4(f)(iv) and notice thereof has been given by the Company
to, and received by, such Holder prior to such use pursuant to Section 4(f). The
Company shall notify FBR and the Holders promptly of the institution, threat or
assertion of any Proceedings of which it shall become aware in connection with
the matters addressed in this Section of the Agreement which involves a
Purchaser Indemnitee. The indemnity provided for herein shall remain in full
force and effect regardless of any investigation made by or on behalf of any
Purchaser Indemnitee.

     (b) In connection with any Registration Statement in which a Holder is
participating and as a condition to such participation, such Holder agrees,
severally and not jointly, to indemnify and hold harmless the Company, each
Person who signs the Registration Statement or controls the Company within the
meaning of Section 15 of the Securities Act or Section 20(a) of the Exchange
Act, FBR and its Affiliates and the respective partners, directors, officers,
members, managers, trustees, representatives,

                                      -16-

<PAGE>

employees and agents of the Company or any of its subsidiaries and each such
Person to the same extent as the foregoing indemnity from the Company to each
Purchaser Indemnitee, but only with reference to untrue statements or omissions
or alleged untrue statements or omissions made in reliance upon and in strict
conformity with information relating to such Purchaser Indemnitee furnished to
the Company in writing by such Purchaser Indemnitee or its representatives
expressly for use in any Registration Statement or Prospectus, any amendment or
supplement thereto, or any preliminary Prospectus. The liability of any
Purchaser Indemnitee pursuant to this paragraph shall in no event exceed the
gross proceeds received by such Purchaser Indemnitee from sales of Registrable
Shares giving rise to such obligations. If the Holder elects to include
Registrable Shares in the Underwritten Offering pursuant to the IPO Registration
Statement, the Holder shall be required to agree to such customary
indemnification provisions as may be reasonably required by the underwriters in
connection with such Underwritten Offering.

     (c) If any Proceeding (including any governmental or regulatory
investigation) shall be brought or asserted against any Person in respect of
which indemnity may be sought pursuant to paragraph (a) or (b) above, such
Person (the "Indemnified Party," or if more than one Indemnified Party, the
"Indemnified Parties"), shall promptly notify the Person against whom such
indemnity may be sought (the "Indemnifying Party"), in writing of the
commencement thereof (but the failure to so notify an Indemnifying Party shall
not relieve it from any liability which it may have under this Section 6, except
to the extent the Indemnifying Party is actually and materially prejudiced by
the failure to give notice and then only to the extent of such prejudice), and
the Indemnifying Party, upon request of the Indemnified Party, shall assume the
defense of such Proceeding and retain counsel chosen by the Indemnifying Party
and approved by the Indemnified Party, which approval shall not be unreasonably
withheld, to represent the Indemnified Party and any others the Indemnifying
Party may reasonably designate in such Proceeding and shall pay the reasonable
fees and expenses actually incurred by such counsel related to such Proceeding.
Notwithstanding the foregoing, in any such Proceeding, any Indemnified Party
shall have the right to retain its own counsel, but the fees and expenses of
such counsel shall be at the expense of such Indemnified Party, unless (i) the
Indemnifying Party and the Indemnified Party shall have mutually agreed in
writing to the contrary, (ii) the Indemnifying Party failed within a reasonable
time (which shall not be longer than 30 days) after notice of commencement of
the Proceeding to assume the defense and engage counsel approved by the
Indemnified Party (such approval not to be unreasonably withheld) as hereinabove
provided, (iii) the Indemnifying Party and its counsel do not in a reasonable
manner pursue the defense of such Proceeding, (iv) the named parties to any such
Proceeding (including any impleaded parties), include both such Indemnified
Party and the Indemnifying Party, or any Affiliate of the Indemnifying Party,
and such Indemnified Party shall have been reasonably advised by counsel that
there may be one or more legal defenses available to it which are different from
or additional to those available to the Indemnifying Party or such Affiliate of
the Indemnifying Party or (v) a conflict may exist between such Indemnified
Party and the Indemnifying Party or such Affiliate of the Indemnifying Party (in
which case the Indemnifying Party shall not have the right to assume nor direct
the defense of such Proceeding on behalf of such Indemnified Party, it being
understood, however, that the Indemnifying Party shall not, in connection with
any one such Proceeding or separate but substantially similar or related
Proceedings arising out of the same general allegations or circumstances, be
liable for the fees and expenses of more than one separate firm of attorneys (in
addition to any local counsel), for all such Indemnified Parties involved in the
same matter, which firm shall be designated in writing by those Indemnified
Parties who sold a majority of the Registrable Shares sold by all such
Indemnified Parties (excluding Registrable Shares sold by the Company or any of
their Affiliates) and any such separate firm for the Company, the directors, the
officers and such control Persons of the Company as shall be designated in
writing by the Company). The Indemnifying Party shall not be liable for any
settlement of any Proceeding effected without its written consent, which consent
shall not be unreasonably withheld, but if settled with such consent or if there
is a final judgment for the plaintiff, the Indemnifying Party agrees to
indemnify any Indemnified Party from and against any loss or Liability resulting
from such

                                      -17-

<PAGE>

settlement or judgment. No Indemnifying Party shall, without the prior written
consent of the Indemnified Party, effect any settlement of any pending or
threatened Proceeding in respect of which any Indemnified Party is or could have
been a party or the subject thereof and indemnity could have been sought
hereunder by such Indemnified Party, unless (i) such settlement includes an
unconditional release of such Indemnified Party from all liability on claims
that are the subject matter of such Proceeding in a form reasonably satisfactory
to the Indemnified Party and (ii) does not include a statement as to, or an
admission of, fault, culpability or a failure to act by or on behalf of the
Indemnified Party.

     (d) If the indemnification provided for in paragraphs (a) and (b) of this
Section 6 is for any reason held to be unavailable to an Indemnified Party in
respect of any Liabilities referred to therein (other than by reason of the
exceptions provided therein) or is insufficient to hold harmless a party
indemnified thereunder, then each Indemnifying Party under such paragraphs, in
lieu of indemnifying such Indemnified Party thereunder, shall contribute to the
amount paid or payable by such Indemnified Party as a result of such Liabilities
(i) in such proportion as is appropriate to reflect the relative benefits of the
Indemnified Party on the one hand and the Indemnifying Party(ies) on the other
in connection with the statements or omissions that resulted in such
Liabilities, or (ii) if the allocation provided by clause (i) above is not
permitted by applicable law, in such proportion as is appropriate to reflect not
only the relative benefits referred to in clause (i) above but also the relative
fault of the Indemnifying Party(ies) and the Indemnified Party, as well as any
other relevant equitable considerations. The relative fault of the Company on
the one hand and any Purchaser Indemnitees on the other hand shall be determined
by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a
material fact relates to information supplied by the Company or by such
Purchaser Indemnitees and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.

     (e) The parties agree that it would not be just and equitable if
contribution pursuant to this Section 6 were determined by pro rata allocation
(even if such Indemnified Parties were treated as one entity for such purpose),
or by any other method of allocation that does not take account of the equitable
considerations referred to in paragraph 6(d) above. The amount paid or payable
by an Indemnified Party as a result of any Liabilities referred to in paragraph
6(d) shall be deemed to include, subject to the limitations set forth above, any
reasonable legal or other expenses actually incurred by such Indemnified Party
in connection with investigating or defending any such Proceeding.
Notwithstanding the provisions of this Section 6, in no event shall a Purchaser
Indemnitee be required to contribute any amount in excess of the amount by which
proceeds (net of any discounts or commissions) received by such Purchaser
Indemnitee from sales of Registrable Shares exceeds the amount of any damages
that such Purchaser Indemnitee has otherwise been required to pay by reason of
such untrue or alleged untrue statement or omission or alleged omission. For
purposes of this Section 6, each Person, if any, who controls (within the
meaning of Section 15 of the Securities Act or Section 20(a) of the Exchange
Act) or is an Affiliate of FBR or a Holder shall have the same rights to
contribution as FBR or such Holder, as the case may be, and each Person, if any,
who controls (within the meaning of Section 15 of the Securities Act or Section
20(a) of the Exchange Act) the Company, and each officer, director, partner,
member, manager, employee, representative or agent of the Company shall have the
same rights to contribution as the Company. Any party entitled to contribution
will, promptly after receipt of notice of commencement of any Proceeding against
such party in respect of which a claim for contribution may be made against
another party or parties, notify each party or parties from whom contribution
may be sought, but the omission to so notify such party or parties shall not
relieve the party or parties from whom contribution may be sought from any
obligation it or they may have under this Section 6 or otherwise, except to the
extent that any party is actually and materially prejudiced by the failure to
give notice and then only to the extent of such prejudice. No Person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act), shall be entitled to contribution from any Person who was not
guilty of such fraudulent misrepresentation.

                                      -18-

<PAGE>

     (f) The indemnity and contribution agreements contained in this Section 6
will be in addition to any liability which the Indemnifying Parties may
otherwise have to the Indemnified Parties referred to above. The Purchaser
Indemnitee's obligations to contribute pursuant to this Section 6 are several in
proportion to the respective number of Registrable Shares sold by each of the
Purchaser Indemnitees hereunder and not joint.

7.   MARKET STAND-OFF AGREEMENT

     Each Holder hereby agrees that it shall not, to the extent requested in
writing by the Company or a managing or co-lead underwriter of securities of the
Company, directly or indirectly sell, offer to sell (including without
limitation any short sale), pledge, contract to sell, sell any option or
contract to purchase, purchase any option or contract to sell, grant any option,
right or warrant for the sale of or otherwise dispose of or transfer any
Registrable Shares or other shares of Common Stock or any securities convertible
into or exchangeable or exercisable for shares of Common Stock then owned by
such Holder (other than to donees or partners of the Holder who agree to be
similarly bound) for a period commencing 30 days prior to the effective date of
the IPO Registration Statement of the Company filed under the Securities Act and
ending 60 days following such effective date; provided, however, that:

     (a) the restrictions above shall not apply to Registrable Shares sold
pursuant to the IPO Registration Statement;

     (b) all executive officers and directors of the Company then holding shares
of Common Stock or securities convertible into or exchangeable or exercisable
for shares of Common Stock enter into similar agreements for not less than the
entire time period required of the Holders hereunder; and

     (c) the Holders shall be allowed any concession or proportionate release
allowed to any executive officer or director of the Company that entered into
similar agreements (with such proportion being determined by dividing the number
of shares being released with respect to such executive officer or director by
the total number of issued and outstanding shares held by such executive officer
or director).

     In order to enforce the foregoing covenant, the Company shall have the
right to place restrictive legends on the certificates representing the
securities subject to this Section 7 and to impose stop transfer instructions
with respect to the Registrable Shares and such other securities of each Holder
(and the securities of every other Person subject to the foregoing restriction)
until the end of such period.

8.   TERMINATION OF THE COMPANY'S OBLIGATION

     Subject to Section 10(m), the Company shall have no further obligations
pursuant to this Agreement at such time as no Registrable Shares are
outstanding.

9.   LIMITATIONS ON SUBSEQUENT REGISTRATION RIGHTS

     From and after the date of this Agreement, the Company shall not, without
the prior written consent of the Holders (other than Affiliates of the Company,
excluding FBR, if applicable) beneficially owning not less than a majority of
the then outstanding Registrable Shares (excluding Registrable Shares held by
Affiliates of the Company, other than FBR, if applicable), enter into any
agreement with any holder or prospective holder of any securities of the Company
that would allow such holder or prospective holder (a) to include such
securities in any Registration Statement filed pursuant to the terms hereof,
unless under the terms of such agreement, such Holder or prospective Holder may
include such securities in any such registration only to the extent that the
inclusion of such holder's or prospective

                                      -19-

<PAGE>

holder's securities will not reduce the amount of Registrable Shares of the
Holders included in the Registration Statement, or (b) to have such Holder's or
prospective Holder's securities registered on a registration statement that
could be declared effective prior to the effective date of any Registration
Statement filed pursuant to this Agreement.

10.  MISCELLANEOUS

     (a) Remedies. In the event of a breach by the Company of any of its
obligations under this Agreement, each Holder, in addition to being entitled to
exercise all rights provided herein or, in the case of FBR, in the
Purchase/Placement Agreement, or granted by law, including recovery of damages,
will be entitled to specific performance of its rights under this Agreement.
Even upon satisfaction of all obligations set forth in Section 6, the Company
agrees that monetary damages would not be adequate compensation for any loss
incurred by reason of a breach by it of any of the provisions of this Agreement
and hereby further agree that, in the event of any action for specific
performance in respect of such breach, it shall waive the defense that a remedy
at law would be adequate and shall not request or require any posting of a bond
by the plaintiff in connection therewith.

     (b) Amendments and Waivers. The provisions of this Agreement, including the
provisions of this sentence, may not be amended, modified or supplemented, and
waivers or consents to or departures from the provisions hereof may not be
given, without the written consent of the Company, FBR and Holders beneficially
owning not less than a majority of the then outstanding Registrable Shares;
provided, however, that for purposes of this Section 10(b), Registrable Shares
that are owned, directly or indirectly, by an Affiliate of the Company,
excluding FBR, if applicable, shall not be deemed to be outstanding. No
amendment shall be deemed effective unless it applies uniformly to all Holders.
Notwithstanding the foregoing, a waiver or consent to or departure from the
provisions hereof with respect to a matter that relates exclusively to the
rights of a Holder whose securities are being sold pursuant to a Registration
Statement or FBR and that does not directly or indirectly affect, impair, limit
or compromise the rights of any other Holder may be given by such Holder or FBR,
as the case may be; provided that the provisions of this sentence may not be
amended, modified or supplemented except in accordance with the provisions of
the immediately preceding sentence.

     (c) Notices. All notices and other communications, provided for or
permitted hereunder shall be made in writing and delivered by facsimile (with
receipt confirmed), overnight courier or registered or certified mail, return
receipt requested, or by telegram:

          (i) if to a Holder, at the most current address given by the transfer
     agent and registrar of the Common Stock;

          (ii) if to the Company at the offices of the Company at 1101 Fifth
     Avenue, Suite 310, San Rafael, California 94901, Attention: Richard Shell,
     (facsimile (415) 456-0430); with a copy (which shall not constitute notice)
     to Clifford Chance US LLP, 31 W. 52nd Street, New York, NY 10019,
     Attention: Jay Bernstein, Esq. (facsimile (212) 878-8375); and

          (iii) if to FBR, at the officers of FBR at 1001 Nineteenth Street
     North, Arlington, VA 22209, Attention: Steve Goldberg, (facsimile (703)
     312-9501).

Receipt of any notice sent pursuant to this Agreement shall be deemed to be
delivered (x) one Business Day after sending by facsimile (with receipt
confirmed), (y) two Business Days after sending by overnight courier or (z) five
days after mailing by first class mail by the party giving such notice. The
Company shall cause the transfer agent to use commercially reasonable efforts to
maintain current addresses of the Holders.

                                      -20-

<PAGE>

     (d) Successors and Assigns. This Agreement shall inure to the benefit of
and be binding upon the successors and permitted assigns of each of the parties
hereto, including, without limitation and without the need for an express
assignment or assumption, subsequent Holders. The Company agrees that the
Holders shall be third party beneficiaries to the agreements made hereunder by
FBR and the Company and shall be entitled to the benefits and subject to the
obligations hereof, and each Holder shall have the right to enforce such
agreements directly to the extent it deems such enforcement necessary or
advisable to protect its rights hereunder, provided, that such Holder fulfills
all of its obligations hereunder.

     (e) Stock Legend. In addition to any other legend that may appear on the
stock certificates evidencing the Registrable Shares, for so long as any Shares
remain Registrable Shares each stock certificate evidencing such Registrable
Shares shall contain a legend to the following effect: "THE SHARES EVIDENCED BY
THIS CERTIFICATE ARE SUBJECT IPO AND ENTITLED IPO THE OBLIGATIONS AND BENEFITS
OF A CERTAIN REGISTRATION RIGHTS AGREEMENT, DATED MARCH 23, 2005."

     (f) Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

     (g) Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

     (h) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF
CONSTRUCTION, VALIDITY AND PERFORMANCE (INCLUDING SECTION 5-1401 OF THE NEW YORK
GENERAL OBLIGATIONS LAW BUT EXCLUDING ALL OTHER CHOICE OF LAW AND CONFLICTS OF
LAWS RULES). EACH OF THE PARTIES HEREIPO HEREBY IRREVOCABLY SUBMITS IPO THE
NON-EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN
DISTRICT OF NEW YORK OR ANY NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK
IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING IPO THIS
AGREEMENT, AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY,
GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. EACH OF
THE PARTIES HEREIPO IRREVOCABLY WAIVES, IPO THE FULLEST EXTENT IT MAY
EFFECTIVELY DO SO UNDER APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR
HEREAFTER HAVE IPO THE LAYING OF THE VENUE OF ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

     (i) Severability. If any term, provision, covenant or restriction of this
Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and
restrictions set forth herein shall remain in full force and effect and shall in
no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of the parties hereto that they would have executed the
remaining terms, provisions, covenants and restrictions without including any of
such that may be hereafter declared invalid, illegal, void or unenforceable.

                                      -21-

<PAGE>

     (j) Entire Agreement. This Agreement, together with the Purchase/Placement
Agreement, is intended by the parties hereto as a final expression of their
agreement, and is intended to be a complete and exclusive statement of the
agreement and understanding of the parties hereto in respect of the subject
matter contained herein and therein. Without limiting the foregoing, this
Agreement supersedes, terminates and replaces all existing stockholders'
agreements and registration rights agreements among the parties hereto relating
to the equity securities of the Company, other than the registration rights
agreement relating to the limited partnership interests of Vintage Wine Trust
LP.

     (k) Registrable Shares Held by the Company or its Affiliates. Whenever the
consent or approval of, or a selection by, the Holders of a specified percentage
of Registrable Shares is required hereunder, Registrable Shares held by the
Company or their Affiliates (excluding, if necessary, FBR) shall not be counted
in determining the number of then outstanding Registrable Shares or the number
of Registrable Shares providing such consent, approval or selection.

     (l) Survival. This Agreement is intended to survive the consummation of the
transactions contemplated by the Purchase/Placement Agreement. The
indemnification and contribution obligations under Section 6 and the Company's
obligations under this Section 10 shall survive the termination of this
Agreement.

     (m) Attorneys' Fees. In any Proceeding brought to enforce any provision of
this Agreement, or where any provision hereof is validly asserted as a defense,
the prevailing party, as determined by the court, shall be entitled to recover
its reasonable attorneys' fees from the losing party in addition to any other
available remedy.

                            [Signature Page Follows]

                                      -22-

<PAGE>

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first above written.

                                   VINTAGE WINE TRUST INC.

                                   By: /s/ Tammy D. Fischer
                                       -----------------------------------------
                                   Name: Tammy D. Fischer
                                   Title: Chief Financial Officer

                                   FRIEDMAN, BILLINGS, RAMSEY & CO., INC.,
                                   for itself and for the benefit of the Holders

                                   By: /s/ James R. Kleeblatt
                                       -----------------------------------------
                                   Name: James R. Kleeblatt
                                   Title: Senior Managing Director

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