Document:

EX-10.d

ADC TELECOMMUNICATIONS, INC.

CHANGE IN CONTROL

SEVERANCE PAY PLAN

(2007 Restatement)

1

Effective January 1, 2007

ADC TELECOMMUNICATIONS, INC.

CHANGE IN CONTROL

SEVERANCE PAY PLAN

TABLE OF CONTENTS

Page

2

SECTION 1

INTRODUCTION

1.1. Establishment. ADC Telecommunications, Inc., a Minnesota corporation, has previously
established and maintained a welfare benefit plan to provide severance benefits to certain Eligible
Employees following a Change in Control. In its most recent form, this severance plan is embodied
in a document entitled “ADC Telecommunications, Inc. Change in Control Severance Pay Plan (2002
Restatement).” The terms of this restated Plan Statement are intended to comply with final
regulations issued under section 409A of the Code, as added by the American Jobs Creation Act of
2004. The terms of this restated Plan Statement are generally effective January 1, 2007.

1.2. Definitions. When the following terms are used in this document with initial capital letters,
they shall have the following meanings.

1.2.1. Base Pay — the regular basic cash remuneration before deductions for taxes and other
items withheld, payable to a Participant for services rendered to the Employer, but not including
items such as Incentive Bonus payments, perquisites, allowances, per diem payments, bonuses,
incentive compensation, stock options, equity compensation, fringe benefits, special pay, awards or
commissions. Base pay shall include regular basic cash remuneration that is contributed by an
employee to a qualified retirement plan, nonqualified deferred compensation plan or similar plan
sponsored by the Employer but it shall not include earnings on those amounts.

1.2.2. Change in Control — the occurrence of any of the following events:

	 	(a)	 	a change in control of the Principal Sponsor of a nature that would be
required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A
promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), whether or not the Principal Sponsor is then subject to such reporting
requirement;

	 	(b)	 	the public announcement (which, for purposes of this definition, shall
include, without limitation, a report filed pursuant to Section 13(d) of the Exchange
Act) by the Principal Sponsor or any “person” (as such term is used in Section 13(d)
and 14(d) of the Exchange Act) that such person has become the “beneficial owner” (as
defined in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of
securities of the Principal Sponsor representing 20% or more of the combined voting
power of the Principal Sponsor’s then outstanding securities, determined in
accordance with Rule 13d-3, excluding, however, any securities acquired directly from
the Principal Sponsor (other than an acquisition by virtue of the exercise of a
conversion privilege unless the security being so converted was itself acquired
directly from the Principal Sponsor); provided, however, that for purposes of this
clause the term “person” shall not include the Principal Sponsor, any subsidiary of
the Principal Sponsor or any employee benefit plan of the Principal Sponsor or of any
subsidiary of the Principal Sponsor or of any entity holding shares of Common Stock
organized, appointed or established for, or pursuant to the terms of, any such plan;

	 	(c)	 	the Continuing Directors cease to constitute a majority of the Principal
Sponsor’s Board of Directors;

	 	(d)	 	consummation of a reorganization, merger or consolidation of, or a sale or
other disposition of all or substantially all of the assets of, the Principal Sponsor
(a “Business Combination”), in each case, unless, following such Business
Combination, (A) all or substantially all of the persons who were the beneficial
owners of the Principal Sponsor’s outstanding voting securities immediately prior to
such Business Combination beneficially own voting securities of the corporation
resulting from such Business Combination having more than 50% of the combined voting
power of the outstanding voting securities of such resulting Corporation and (B) at
least a majority of the members of the Board of Directors of the corporation
resulting from such Business Combination were Continuing Directors at the time of the
action of the Board of Directors of the Principal Sponsor approving such Business
Combination;

	 	(e)	 	approval by the shareholders of the Principal Sponsor of a complete
liquidation or dissolution of the Principal Sponsor; or

	 	(f)	 	the majority of the Continuing Directors determine in their sole and
absolute discretion that there has been a change in control of the Principal Sponsor.

1.2.3. Cause — the willful and continued failure by a Participant to perform his or her duties
or gross and willful misconduct including, but not limited to, wrongful appropriation of funds.

1.2.4. Code — the U.S. Internal Revenue Code of 1986, as amended.

1.2.5. Continuing Director — any person who is a member of the Board of Directors of the
Principal Sponsor, while such person is a member of the Board of Directors, and who (i) was a
member of the Board of Directors on the Effective Date of the Plan as first written above, or
(ii) subsequently becomes a member of the Board of Directors, if such person’s initial nomination
for election or initial election to the Board of Directors is recommended or approved by a majority
of the Continuing Directors.

A Continuing Director shall not include any person who is an Acquiring Person (as defined below) or
an Affiliate or Associate (as defined below) of an Acquiring Person, or a representative of an
Acquiring Person or of any such Affiliate or Associate. For purposes of definition, “Acquiring
Person” shall mean any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange
Act) who or which, together with all Affiliates and Associates of such person, is the “beneficial
owner” (as defined in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of
securities of the Principal Sponsor representing 20% or more of the combined voting power of the
Principal Sponsor’s then outstanding securities, but shall not include the Principal Sponsor, any
subsidiary of the Principal Sponsor or any employee benefit plan of the Principal Sponsor or of any
subsidiary of the Principal Sponsor or of any entity holding shares of common stock of the
Principal Sponsor organized, appointed or established for, or pursuant to the terms of, any such
plan; and “Affiliate” and “Associate” shall have the respective meanings ascribed to such terms in
Rule 12b-2 promulgated under the Exchange Act.

1.2.6. Disability — the Participant’s inability, due to an impairment, to perform the
essential functions of the Participant’s position, with or without reasonable accommodation,
provided the Participant has exhausted the Participant’s entitlement to any applicable
disability-related leave of absence, if the Participant desires to take and satisfies all
eligibility requirements for such leave.

1.2.7. Effective Date — January 1, 2007.

1.2.8. Eligible Employee — an individual who, immediately prior to a Change in Control, is
classified by the Employer as a regular employee in an ADC global job grade 15 through 21.

Eligible Employee does not include an employee who is employed outside the United States (other
than a U.S. regular employee whose assignment outside the United States has been classified by the
Employer as temporary, provided that any assignment outside the United States that is expected to
exceed 60 months will not be considered temporary) or who is a non-immigrant worker residing in the
United States covered by any non-immigrant visa status other than an H-1B visa status.

The Employer’s classification of a person as a regular employee shall be conclusive. No
reclassification of a person’s status as a regular employee with the Employer, for any reason,
without regard to whether it is initiated by a court, governmental agency or otherwise and without
regard to whether or not the Employer agrees to such reclassification, shall result in the person
being an Eligible Employee, either retroactively or prospectively. Notwithstanding anything to the
contrary in this provision, however, the Employer may declare that a reclassified person will be
classified as an Eligible Employee, either retroactively or prospectively.

1.2.9. Employer — ADC Telecommunications, Inc., a Minnesota corporation, its wholly owned
subsidiaries with employees who meet the definition of Eligible Employee, and any successor of the
Principal Sponsor. Employer shall also refer to any affiliates designated by ADC
Telecommunications, Inc.

1.2.10. ERISA — the United States Employee Retirement Income Security Act of 1974, as amended.

1.2.11. Exchange Act — the United States Securities Exchange Act of 1934, as amended.

1.2.12. Good Reason — the occurrence of any of the following events: (i) a reduction in the
Participant’s Base Pay as in effect immediately prior to a Change in Control; (ii) a material
modification of the Employer’s incentive compensation program (that is adverse to the Participant)
as in effect immediately prior to a Change in Control; (iii) a requirement by the Employer that the
Participant be based anywhere other than within fifty miles of the Participant’s work location
immediately prior to a Change in Control (with exceptions for temporary business travel); or
(iv) except as otherwise required by applicable law, the failure by the Employer to provide
employee benefit programs and plans (including any stock ownership and stock purchase plans) that
provide substantially similar benefits, in terms of aggregate monetary value, at substantially
similar costs to the Participant as the benefits provided in effect immediately prior to a Change
in Control. Termination or reassignment of the Participant’s employment for Cause, or by reason of
Disability or death, are excluded from this definition.

1.2.13. Incentive Bonus Plan - Employer’s Management Incentive Plan (“MIP”) or Sales
Management Incentive Plan (“SMIP”) or any other equivalent incentive bonus plan that the
Compensation Committee of the Board has determined to be an Incentive Bonus Plan for purposes of
this Plan.

1.2.14. Participant — an Eligible Employee of the Employer who becomes a Participant under the
terms of Section 2 of the Plan.

1.2.15. Plan — the severance pay plan of the Employer established for the benefit of certain
Eligible Employees in the event of a Change in Control and described in this Plan Statement. (As
used herein, “Plan” refers to the program established by the Employer and not the document pursuant
to which the Plan is maintained. That document is referred to herein as the “Plan Statement.”)

1.2.16. Plan Statement — effective January 1, 2007, this written document entitled “ADC
Telecommunications, Inc. Change in Control Severance Pay Plan (2007 Restatement),” as the same may
be amended from time to time thereafter.

1.2.17. Plan Year — the twelve consecutive month period ending on any December 31.

1.2.18. Principal Sponsor — ADC Telecommunications, Inc.

1.2.19. Separation from Service — a severance of an employee’s employment relationship with
the Employer as a result of (a) an involuntary separation by the Employer, with or without
reasonable notice, and for any reason other than Cause, or (b) a voluntary separation by the
Participant for Good Reason. Separation from Service shall not include separation by reason of the
Participant’s death or Disability.

	 	(a)	 	Whether a Separation from Service has occurred is determined under section
409A of the Code and Treasury Regulation 1.409A-1(h) (i.e., whether the facts and
circumstances indicate that the Employer and the employee reasonably anticipated
that no further services would be performed after a certain date or that the level of
bona fide services the employee would perform after such date (whether as an employee
or independent contractor) would permanently decrease to no more than 20% of the
average level of bona fide services performed (whether as an employee or an
independent contractor) over the immediately preceding 36 month period (or the full
period of services to the employer if the employee has been providing services to the
employer less than 36 months)).

	 	(b)	 	Separation from Service shall not be deemed to occur while the employee is
on military leave, sick leave or other bona fide leave of absence if the period does
not exceed six (6) months or, if longer, so long as the employee retains a right to
reemployment with the Employer or an affiliate under an applicable statute or by
contract. For this purpose, a leave is bona fide only if, and so long as, there is a
reasonable expectation that the employee will return to perform services for the
Employer or an affiliate. Notwithstanding the foregoing, a 29 month period of
absence will be substituted for such 6 month period if the leave is due to any
medically determinable physical or mental impairment that can be expected to result
in death or can be expected to last for a continuous period of no less than 6 months
and that causes the employee to be unable to perform the duties of his or her
position of employment.

1.2.20. Specified Employee — a “specified employee” as that term is defined under section 409A
of the Code and Treasury Regulation § 1.409A-1(i) (an employee who at any time during a calendar
year is a “key employee” under section 416(i)(1)(A) of the Code without regard to section 416(i)(5)
of the Code (generally one of the top 50 officers with earned compensation during such calendar
year in excess of $145,000, as adjusted for inflation)). An employee who is a key employee for a
calendar year becomes a Specified Employee as of the April 1 following such calendar year, and
shall remain a Specified Employee for the twelve-month period ending March 31 of the following
calendar year.

SECTION 2

PARTICIPATION

2.1. Eligibility to Participate. An individual shall become a Participant on the day such
individual becomes an Eligible Employee. Notwithstanding anything to the contrary in the Plan, an
individual who is an employee of a successor to the Principal Sponsor immediately prior to a Change
in Control shall not be eligible for benefits under the Plan.

2.2. Termination of Participation. An individual ceases to be a Participant on the earliest of:

	 	(a)	 	the date the Participant ceases to be an Eligible Employee or otherwise
ceases to satisfy the Plan’s eligibility requirements, except where such cessation
results in eligibility for a severance payment as provided in Section 3;

	 	(b)	 	the date the Participant ceases to be an employee due to termination of the
Participant’s employment (with or without reasonable notice and whether voluntary or
involuntary and including retirement) with the Employer, except where such
termination results in eligibility for a severance payment as provided in Section 3;

	 	(c)	 	the date the Participant ceases to be an employee due to Participant’s
death or Disability;

	 	(d)	 	the date following a Change in Control that the Participant receives all of
the severance and bonus payments due, if any, under the Plan;

	 	(e)	 	the date the Plan is amended pursuant to the rules of Section 7 to exclude
the Participant from participation; or

	 	(f)	 	the date the Plan is terminated pursuant to the rules of Section 7.

SECTION 3

SEVERANCE PAYMENT

3.1. Eligibility for Payment. To qualify for a severance payment under this Plan, a Change in
Control must occur and a Participant must: (a) be a Participant immediately prior to the time of
such Change in Control and immediately prior to the Participant’s Separation from Service; and (b)
have a Separation from Service that occurs within 12 months following a Change in Control.

3.2. Amount of Benefits. The severance payment to a Participant under the Plan shall be based on
the Participant’s global job grade in effect immediately prior to a Change in Control. The formula
for determining the Participant’s severance payment shall be calculated by first adding together:
(a) the Participant’s annual Base Pay in effect immediately prior to the Change in Control or, if
greater, the Separation from Service; and (b) the Participant’s annual target bonus under the
Participant’s Incentive Bonus Plans in effect immediately prior to the Change in Control or, if
greater, the Separation from Service. The sum of subparagraphs (a) and (b) shall then be divided
by 52 to calculate a “weekly severance payment.” The total severance benefit for a Participant
shall be a single lump sum payment equal to the Participant’s “weekly severance payment” multiplied
by the number of weeks designated in the following table:

	 	 	 
	Grade

	 	Number of Weeks of Severance Payments
	 

	 	 
	20-21

18-19

	 	78 weeks

52 weeks

	 	 	 	15-17 3 weeks for each “year of service” completed by the Participant, except in no
case will the severance amount be less than 17 weeks or more than 52 weeks.

For the purpose of this Section 3.2, a Participant’s “years of service” shall equal the number of
twelve month periods the Participant has worked for the Employer. The measurement period for such
determination shall commence on the Participant’s date of hire and end on the Participant’s
Separation from Service. A year in which the Participant did not work the entire twelve month
period shall be counted as a fractional year consistent with the number of full calendar months of
employment during that period.

3.3. Benefit Offset. The amount of any severance payment that a Participant is entitled to under
Section 3.2 shall be reduced by any cash compensation paid or payable by the Employer to the
Participant associated with the Participant’s termination of employment (including any pay in lieu
of notice and severance pay).

3.4. Time and Form of Payment. Payments will be made to eligible Participants in a single lump sum
cash payment. Payments shall become payable on the Participant’s Separation from Service (“Payment
Date”), except that in the case of a Specified Employee, the Participant’s Payment Date shall be
the first day of the seventh month following Participant’s Separation from Service. Actual payment
shall be made as soon as administratively feasible after the Payment Date (but in all events no
later than the last day of the calendar year in which the Payment Date occurs, or two and one-half
months after the Payment Date, if later). If the Participant should die before actually receiving
the severance payment, such payment shall be made as soon as administratively feasible following
the Participant’s death to the personal representative of the Participant’s estate (but in all
events no later than the last day of the calendar year in which such death occurs, or two and
one-half months after such death, if later).

3.5. Withholding Tax. The Employer shall deduct from the amount of any severance payment under the
Plan any amount required to be withheld by reason of any law or regulation for the payment of
federal, state or local taxes.

SECTION 4

BONUS PAYMENT

4.1. General. A Participant is eligible to receive a bonus payment provided for in this
Section 4 only if the Participant is eligible to receive a severance payment as provided in
Section 3. This Section 4 is intended to provide for a final payment under any applicable
Incentive Bonus Plans for the bonus period in which Participant’s Separation from Service occurs.

4.2. Bonus Payments. The bonus payment shall equal (i) the bonus that Participant would have
earned under any applicable Incentive Bonus Plans for the bonus period in which the Separation from
Service occurs had “target” goals been achieved (without giving effect to any reduction in bonus
opportunity constituting Good Reason), (ii) multiplied by a fraction, the numerator of which is the
number of days worked by the Participant in the bonus period prior to the Separation from Service,
and the denominator of which is the number of days in the bonus period. The bonus payment will be
made to the Participant in the same manner as provided under Section 3.4.

4.3. Adjusted Bonus Payments. At the end of the bonus period, the Employer shall calculate (i) the
amount that a Participant would have earned under any applicable Incentive Bonus Plans for the
bonus period in which the Separation from Service occurs based on actual performance over the
entire bonus period, (ii) multiplied by a fraction, the numerator of which is the number of days
worked by the Participant in the bonus period prior to the Separation from Service and the
denominator of which is the number of days in the bonus period (such product hereinafter referred
to as the “Actual Bonus Amount”). If the Actual Bonus Amount is greater than the amount calculated
under Section 4.2 above, the Employer shall pay the difference to the Participant in a single lump
sum cash payment as soon as administratively feasible following the end of the bonus period (but in
all events, no later than two and one-half months following the end of the bonus period). If the
Participant should die before actually receiving the payment, such payment will be made to the
personal representative of the Participant’s estate.

4.4. No Duplication of Benefits. Any amounts payable pursuant to this Section 4 shall be paid in
lieu of any amounts payable to the Participant under the relevant Incentive Bonus Plans for the
bonus period in which the Participant’s Separation from Service occurs (and such amounts shall be
paid contingent upon the Participant’s acknowledgment of the same).

SECTION 5

280G LIMITATION

The amount of any cash payment to be received by Participant pursuant to Section 3 or 4 of
this Plan shall be reduced (but not below zero) to the extent required so that no portion of any
payment or benefit in the nature of compensation received or to be received by Participant (whether
payable pursuant to the terms of this Plan or pursuant to any other plan, contract, agreement or
arrangement with the Employer or any other person) (such payments or benefits are referred to
collectively as the “Total Payments”) shall be treated as an “excess parachute payment” within the
meaning of section 280G(b)(1) of the Code but only if and to the extent that such reduction will
result in a greater after-tax benefit to Participant than the after-tax benefit to Participant of
the Total Payments computed without regard to any such reduction. For purposes of determining
Participant’s after-tax benefit, all state and federal taxes applicable to the Total Payments,
including income tax, Participant’s share of F.I.C.A. and Medicare taxes and any excise taxes
payable under Section 4999 of the Code, shall be taken into account. Only amounts payable under
this Plan, and no other payments or benefits included in the Total Payments, shall be reduced
pursuant to this Section 5.

The determination of whether any reduction in payments is required pursuant to Section 5 of this
Plan shall be made in writing by the Principal Sponsor’s independent public accountants, or such
other independent accounting firm or tax advisors selected by the Principal Sponsor in its sole
discretion (the “Accountants”), whose determination shall be conclusive and binding upon
Participant and the Employer for all purposes, including for purposes of Section 8 of this Plan.
For purposes of making the calculations required by this Section 5, the Accountants may make
reasonable assumptions and approximations regarding applicable taxes and applicable tax rates and
may rely on reasonable, good faith interpretations concerning the application of Sections 280G and
4999 of the Code, applicable regulations and other authority. The Principal Sponsor and the
Participant shall furnish to the Accountants such information and documents as the Accountants may
reasonably request in order to make a determination under this Section. The Accountants shall
provide detailed supporting calculations, in writing, to both the Principal Sponsor and the
Participant of determinations made pursuant to this Section 5. The Employer shall bear all costs
the Accountants may reasonably incur in connection with any calculations contemplated by this
Section.

In the event of any uncertainty as to whether a reduction in payments to a Participant is required
pursuant to Section 5 of this Plan, the Employer shall initially make the payment to Participant
and Participant shall be required to refund to the Employer any amounts ultimately determined not
to have been payable under the terms of this Plan.

The Employer and the Participant shall promptly deliver to each other copies of any written
communications, and summaries of any verbal communications, with any taxing authority regarding the
applicability of Section 280G or 4999 of the Code to any portion of the Total Payments. In the
event of any controversy with the Internal Revenue Service or other taxing authority with regard to
the applicability of Section 280G or 4999 of the Code to any portion of the Total Payments, the
Employer shall have the right, exercisable in its sole discretion, to control the resolution of
such controversy at its own expense. Participant and the Employer shall in good faith cooperate in
the resolution of such controversy.

SECTION 6

FUNDING

The Employer may establish a trust to fund the Plan but the Employer is not under any
obligation to establish a trust. A Participant will be entitled to claim benefits from the trust
to the extent the Plan is funded under a trust and a Participant shall have only such rights as set
forth in the trust. To the extent benefits are not funded under a trust, payments made pursuant to
the Plan will be paid out of the general funds of the Employer. To the extent benefits are not
funded under a trust, a Participant will not have any secured or preferred interest by way of
trust, escrow, lien or otherwise in any specific assets and the Participant’s rights shall be
solely those of an unsecured general creditor of the Employer.

SECTION 7

AMENDMENT AND TERMINATION

The right has been reserved to the Board of Directors of the Principal Sponsor to amend the
provisions of the Plan Statement and to amend or terminate the Plan at any time prior to a Change
in Control. If any of these actions are taken, affected Participants will be notified. During one
year following the date of a Change in Control, the provisions of the Plan Statement may not be
amended if any amendment would adversely affect the rights, expectancies or benefits provided by
the Plan (as in effect immediately prior to the Change in Control) of any Participant or other
person entitled to payment under the Plan. The Plan may not be terminated during the same one-year
period. Except to the extent benefits have become payable but have not actually been paid, the
Plan terminates automatically on the first anniversary of the date of a Change in Control, except
to pay any remaining severance benefits to any Participant who has a Separation from Service on or
before the Plan’s termination date and except to resolve claims for benefits under the Plan arising
on or before the Plan’s termination date.

SECTION 8

CLAIMS PROCEDURE

The claims procedure set forth in this section shall be the exclusive procedure for the
disposition of claims for benefits arising under this Plan.

	 	(a)	 	Original Claim. Any Participant, former Participant, or beneficiary of
such Participant or former Participant, if he or she so desires, may file with the
Principal Sponsor a written claim for benefits under this Plan. Within ninety (90)
days after the filing of such a claim, the Principal Sponsor shall notify the
claimant in writing whether the claim is upheld or denied in whole or in part or
shall furnish the claimant a written notice describing specific special circumstances
requiring a specified amount of additional time (but not more than one hundred eighty
(180) days from the date the claim was filed) to reach a decision on the claim. If
the claim is denied in whole or in part, the Principal Sponsor shall state in
writing:

	 	(i)	 	the specific reasons for the denial;

	 	(ii)	 	the specific references to the pertinent
provisions of the Plan on which the denial is based;

	 	(iii)	 	a description of any additional material or
information necessary for the claimant to perfect the claim and an
explanation of why such material or information is necessary; and

	 	(iv)	 	an explanation of the claims review procedure
set forth in this section.

	 	(b)	 	Review of Denied Claim. Within sixty (60) days after receipt of notice
that the claim has been denied in whole or in part, the claimant may file with the
Principal Sponsor a written request for a review and may, in conjunction therewith,
submit written issues and comments. Within sixty (60) days after the filing of such
a request for review, the Principal Sponsor shall notify the claimant in writing
whether, upon review, the claim was upheld or denied in whole or in part or shall
furnish the claimant a written notice describing specific special circumstances
requiring a specified amount of additional time (but not more than one hundred twenty
(120) days from the date the request for review was filed) to reach a decision on the
request for review.

	 	(c)	 	General Rules.

	 	(i)	 	No inquiry or question shall be deemed to be a
claim or a request for a review of a denied claim unless made in
accordance with the claims procedure. The Principal Sponsor may
require that any claim for benefits and any request for a review of a
denied claim be filed on forms to be furnished by the Principal Sponsor
upon request.

	 	(ii)	 	All decisions on claims and on requests for a
review of denied claims shall be made by the Principal Sponsor or its
delegate.

	 	(iii)	 	The Principal Sponsor may, in its discretion,
hold one or more hearings on a claim or a request for a review of a
denied claim.

	 	(iv)	 	A claimant may be represented by a lawyer or
other representative (at the claimant’s own expense), but the Principal
Sponsor reserves the right to require the claimant to furnish written
authorization thereof. A claimant’s representative shall be entitled,
upon request, to copies of all notices given to the claimant.

	 	(v)	 	The decision of the Principal Sponsor on a
claim and on a request for a review of a denied claim shall be served
on the claimant in writing. If a decision or notice is not received by
a claimant within the time specified, the claim or request for a review
of a denied claim shall be deemed to have been denied.

	 	(vi)	 	Prior to filing a claim or a request for a
review of a denied claim, the claimant or his or her representative
shall have a reasonable opportunity to review a copy of the Plan and
all other pertinent documents in the possession of the Principal
Sponsor.

	 	(vii)	 	The Principal Sponsor may permanently or
temporarily delegate its responsibilities under this claims procedure
to an individual or a committee of individuals.

SECTION 9

MISCELLANEOUS

9.1. Type of Plan. Section 3 of the Plan is a severance pay welfare benefit plan and not a
pension benefit plan. Section 4 of the Plan is a payroll practice. Any severance payment under
Section 3 of the Plan will not be contingent directly or indirectly upon an employee retiring and
shall not be made beyond 24 months after the employee’s Separation from Service. Section 4 is
neither a severance pay welfare benefit plan nor a pension benefit plan.

9.2. No Assignment. No Participant shall have any transmissible interest in any benefit under the
Plan nor shall any Participant have any power to anticipate, alienate, dispose of, pledge or
encumber the same, nor shall the Employer recognize any assignment thereof, either in whole or in
part, nor shall any benefit be subject to attachment, garnishment, execution following judgment or
other legal process.

9.3. Named Fiduciaries. The Principal Sponsor and any committee appointed hereunder to decide
claims shall be named fiduciaries for the purpose of section 402(a) of ERISA.

9.4. Administrator. The Principal Sponsor shall be the administrator for purposes of
section 3(16)(A) of ERISA.

9.5. Service of Legal Process. The corporate secretary of ADC Telecommunications, Inc. is
designated as agent for service of legal process against the Plan. Also, service of legal process
may be made upon ADC Telecommunications, Inc. as Plan Administrator.

9.6. Validity. The invalidity or unenforceability of any provision of the Plan shall not affect
the validity or enforceability of any other provision of the Plan which shall remain in full force
and effect.

9.7. Governing Law. This Plan Statement has been executed and delivered in the State of Minnesota
and has been drawn in conformity to the laws of that State and shall, except to the extent that
U.S. federal law is controlling, be construed and enforced in accordance with the domestic laws of
the State of Minnesota without giving effect to any choice or conflict of law, provision or rule
(whether of the State of Minnesota or any other jurisdiction) that would cause the application of
the laws of any jurisdiction other than the State of Minnesota.

9.8. No Employment Rights. Neither the terms of this Plan Statement nor the benefits hereunder nor
the continuance thereof shall be a term of the employment of any employee, and the Employer shall
not be obliged to continue the Plan. The terms of this Plan Statement shall not give any employee
the right to be retained in the employment of the Employer. The Employer assumes no obligation to
the participants under this Plan Statement with respect to any doctrine or principle of acquired
rights or similar concept.

9.9. No Guarantee. Neither the members of any committee appointed by the Principal Sponsor nor any
of the Employer’s officers in any way secure or guarantee the payment of any benefit or amount
which may become due and payable hereunder to any Participant. Neither the members of any
committee nor any of the Employer’s officers shall be under any liability or responsibility (except
to the extent that liability is imposed under ERISA) for failure to effect any of the objectives or
purposes of the Plan by reason of the insolvency of the Employer.

9.10. No Co-Fiduciary Responsibility. Except as is otherwise provided in ERISA, no fiduciary shall
be liable for an act or omission of another person with regard to a fiduciary responsibility that
has been allocated to or delegated to said person in this Plan Statement or pursuant to procedures
set forth in this Plan Statement.

3EX-10.1

AGREEMENT FOR PURCHASE AND SALE

OF REAL PROPERTY AND ESCROW INSTRUCTIONS 

THIS AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY AND ESCROW INSTRUCTIONS (this
“Agreement”) is made and entered into as of August 6, 2007 (the Execution Date), by and
between Health Quest Realty XVII, an Indiana general partnership (“HQR 17”), Health Quest
Realty XXII, an Indiana general partnership (“HQR 22”), and Health Quest Realty XXXV, an
Indiana general partnership (“HQR 35”) (collectively, “Seller”) and TRIPLE NET
PROPERTIES, LLC, a Virginia limited liability company (“Buyer”), with reference to the
following facts:

	 	A.	 	Seller owns (i) certain real property located in Orange County, Florida (the
“Winter Park Land”), as more specifically described in Exhibit A-1
attached hereto, (ii) certain real property located in Duval County, Florida (the
“Jacksonville Land”) as more specifically described in Exhibit A-2
attached hereto and (iii) certain real property located in Broward County, Florida (the
“Sunrise Land”), as more specifically described in Exhibit A-3 attached
hereto, such real property collectively known as the “Health Quest Group
Properties” and such other assets, as the same are herein described. The Winter
Park Land, the Jacksonville Land and the Sunrise Land are collectively referred to
herein as the “Land.”

	 	B.	 	Seller desires to sell to Buyer and Buyer desires to purchase from Seller the
Land and the associated assets.

NOW, THEREFORE, in consideration of the mutual covenants, premises and agreements herein
contained, the parties hereto do hereby agree as follows:

1. Purchase and Sale.

	 	1.1.	 	Seller hereby agrees to sell, transfer, grant and assign to Buyer, and Buyer
hereby agrees to purchase from Seller, subject to the terms and conditions set forth
herein, Seller’s entire right, title and interest in and to all of the following
(collectively, the following assets to as to each of the Health Quest Group Properties
individually are referred to as a “Property ” and as to the Health Quest Group
Properties collectively are referred to as the “Properties ”):

	 	1.1.1.	 	The Land;

	 	1.1.2.	 	All rights, privileges and easements appurtenant to the Land, including,
without limitation, all of Seller’s right, title and interest, if any, in
minerals, oil, gas and other hydrocarbon substances on the Land, as well as all
development rights, air rights, water rights and water stock owned by Seller
relating to the Land, and any easements, rights of way or other appurtenances
of Seller used in connection with the beneficial use and enjoyment of the Land
(collectively, the “Appurtenances”);

	 	1.1.3.	 	All improvements and fixtures located on the Land to the extent owned by
Seller, including, without limitation, buildings, as well as all other
improvements and structures to the extent owned by Seller and presently located
on the Land, all apparatus, equipment and appliances used in connection with
the operation or occupancy of the Land, such as heating, air conditioning, and
lighting systems and other facilities used to provide any utility services,
refrigeration, ventilation, garbage disposal, or other services on the Land
(all of which are collectively referred to as the “Improvements,” and
together with the Land and the Appurtenances, the “Real Property”);

	 	1.1.4.	 	All leases, licenses and other occupancy agreements (collectively, the
“Leases”), including all associated amendments, modifications,
extensions or supplements thereto, with all persons or entities
(“Tenants”) leasing the Real Property or any part thereof or hereafter
entered into in accordance with the terms hereof prior to Close of Escrow,
together with all security deposits and any other deposits held in connection
with the Leases, Lease guarantees, and other similar credit enhancements
providing additional security for such Leases, set forth on the Schedule of
Leases and Security Deposits attached hereto as Exhibit B;

	 	1.1.5.	 	All furniture, fixtures and equipment owned by Seller and attached to the
Real Property and/or used in connection with the ownership, operation and
maintenance of the Real Property, including, without limitation, all heating,
lighting, air condition, ventilating, plumbing, electrical or other mechanical
equipment, tools or supplies (collectively, the “Personal Property”),
but specifically excluding any items of personal property owned by Tenants;

	 	1.1.6.	 	To the extent now or hereafter owned by Seller, and to the extent assignable,
all intangible property associated with, related to, or used in connection with
the Real Property and/or the Personal Property, including, without limitation,
all permits, licenses, certificates, the right to use any logos, trademarks,
designs, tradenames, service marks and domain names that are otherwise
unrelated to Seller or its affiliates, the non-exclusive right to use the names
“Regents Park of Winter Park,” “The Westchester of Winter Park,” “Regents Park
of Jacksonville,” “Deerwood Place,” “Regents Park of Sunrise,” and “The
Westchester of Sunrise” and any contract rights, agreements, utility contracts
and other right relating to the ownership, use and/or operation of the Real
Property and/or Personal Property (collectively, the “Intangible
Property”);

	 	1.1.7.	 	All service contracts, agreements, warranties and guaranties relating to the
operation, use or maintenance of the Property set forth on the Schedule of
Contracts attached hereto as Exhibit C (collectively, the
“Contracts”) and which Buyer elects to assume; and

	 	1.1.8.	 	To the extent transferable, all building permits, certificates of occupancy
and other certificates, permits, licenses and approvals relating to the
Property (collectively, the “Permits”).

2. Purchase Price.

The total Purchase Price of the Property shall be Fifty-Two Million and No/100 Dollars
($52,000,000.00) (“Purchase Price”), consisting of Eighteen Million and Two Hundred
Thousand Dollars ($18,200,000) for the Winter Park Property, Eighteen Million and Two
Hundred Thousand Dollars ($18,200,000) for the Sunrise Property, and Fifteen Million and Six
Hundred Thousand Dollars ($15,600,000) for the Jacksonville Property, and payable as
follows:

	 	2.1.	 	Deposit/Further Payments.

	 	2.1.1.	 	Upon the date which a copy of this Agreement (which may be a scanned and
emailed copy) executed by the Seller and Buyer is received by the Escrow
Holder, as defined below (the date the fully executed original of this
Agreement is received by the parties shall hereinafter be referred to as the
“Effective Date”), Buyer shall deposit into Escrow (hereinafter
defined) the amount of Two Million Six Hundred Thousand and No/100 Dollars
($2,600,000.00) (the “Deposit”), in the form of a wire transfer payable
to First American Title Insurance Company, 251 East Ohio Street, Suite 200,
Indianapolis, IN 46204, Attn: David W. Womer, Indiana State Manager (email:
dwomer@firstam.com, Ph: 317-684-7556) (“Escrow Holder”).
Escrow Holder shall place the Deposit into an interest bearing money market
account at a bank or other financial institution reasonably satisfactory to
Buyer, and interest thereon shall be credited to Buyer’s account and shall be
deemed to be part of the Deposit. Buyer shall provide Escrow Holder with an
executed W-9 so that interest earned on the Deposit may be reported by Escrow
Holder to the Internal Revenue Service as earned by Buyer.

	 	2.1.2.	 	Upon the expiration of the Due Diligence Period (hereinafter defined), the
amount of Six Hundred Fifty Thousand and No/100 Dollars ($650,000.00) from the
Deposit shall be released to Seller by Escrow Holder.

	 	2.1.3.	 	No later than one (1) business day prior to the Close of Escrow (hereinafter
defined), Buyer shall deposit with the Escrow Holder to be held in Escrow the
balance of the Purchase Price, in immediately available funds by wire transfer
made payable to Escrow Holder.

	 	2.1.4.	 	In the event that this Agreement is terminated by Buyer in accordance with
its terms before the expiration of the Due Diligence Period, or pursuant to
Section 3.2, Section 9.2, Section 10 and Section
11 below, the Deposit shall be immediately and automatically paid over to
Buyer without the need for any further action by either party hereto.

3. Title to Property.

3.1. Title Insurance. Seller has, at its sole expense, caused the Escrow Holder (in
this capacity(the “Title Company”) to issue a commitment (the “Commitments”) for an
Extended Coverage ALTA Owner’s Policy of Title Insurance for each of the Health Quest Group
Properties (each, a “Title Policy” and collectively the “Title Policies”) for and
on behalf of Buyer, the composite amount of said Title Policies being for the total amount of the
Purchase Price and the amount for each Property being $18,200,000 for Winter Park, $18,200,000 for
Sunrise, and $15,600,000 for Jacksonville and obtainable at standard rates insuring good,
marketable and insurable title in and to the Real Property. Each Title Policy shall provide full
coverage against mechanics’ and materialmens liens. Upon Buyer’s request during the Due Diligence
Period, Seller shall cause the Title Company to provide, for each Property, such endorsements as
are available in the State of Florida and as Buyer may reasonably require (the
“Endorsements”). In any event, Seller covenants to cause to be released from the Property,
and to remove as exceptions to title on or prior to the Close of Escrow, the following (the
“Disapproved Exceptions”): any mortgages, deeds of trust, or other monetary encumbrances,
assessments and/or indebtedness, except for the current installment of non-delinquent real property
taxes and assessments payable as part of the real property tax bill. Each Title Policy shall be
free and clear of exceptions except as follows:

	 	3.1.1.	 	Real property taxes and assessments, which are a lien not yet due;

	 	3.1.2.	 	Easements or restrictions which do not interfere with the operation of the
Property as a skilled nursing facility and assisted living facility, and are
consistent with Buyer’s receipt of marketable title at Closing (the
“Permitted Exceptions” as further detailed in Section 3.2)
included in such policy and approved by Buyer as herein described.

3.2. Procedure for Approval of Title. Seller has, prior to the date hereof, provided to
Buyer the Commitments, together with legible copies of all items identified as exceptions therein
(the “Title Documents”). Buyer shall have between the Effective Date and forty-five (45)
days after the expiration of the Due Diligence Period to review and approve, in writing, the
condition of the title to the Real Property (“Title Review Period”). If the Title
Documents or the Surveys reflect or disclose any defect, exception or other matter affecting the
Real Property (“Title Defects”) that is unacceptable to Buyer and would result in Buyer not
receiving marketable title to such Property (for this purpose, an easement or restrictions – other
than a Disapproved Exception —  which does not interfere with the operation of the Property as a
skilled nursing facility and assisted living facility, is consider to be consistent with Buyer’s
receipt of marketable title), then Buyer shall provide Seller with written notice of Buyer’s
objections no later than the conclusion of the Title Review Period; provided, however, if Buyer
shall fail to notify Seller in writing within the Title Review Period either that the condition of
title is acceptable or of any specific objections to the state of title to the Real Property, then
Buyer shall be deemed to have objected to all exceptions to title or other conditions or matters
which are shown on the Survey or described in the Title Documents. If, during the Title Review
Period, Buyer gives written notice to Seller of a Title Defect and the Seller is unable or
unwilling to remedy to Buyer’s satisfaction within fifteen (15) days after receipt of Buyer’s
written notice, Buyer may (i) notify Seller of Buyer’s intent to terminate this Contract, in which
case the Deposit plus interest shall be refunded to Buyer; provided, that if Seller notifies Buyer,
within one (1) Business Day of receipt of such notice from Buyer, that Seller elects to terminate
this Contract with respect to the Property which is subject to a Title Defect, then this Contract
shall remain in effect as to the other Properties, and that portion of the Deposit plus interest
allocable to the Property which is subject to a Title Defect shall be refunded to Buyer; or (ii)
elect to purchase the affected Property and all other Property, subject to such Title Defect and
receive a credit at closing for any liens or encumbrances of a definite or ascertainable amount;
provided, however, Seller shall in all events have the obligation to (i) act in good faith in
making such election and curing any Title Defects that Seller elects to cure, (ii) specifically
remove the Pre-Disapproved Exceptions, and (iii) remove any Title Defect that attaches to the Real
Property subsequent to the conclusion of the Title Review Period. The failure of Seller to deliver
written notice electing to cure any or all such objected to exceptions within three business days
after receipt of Buyer’s notification of Seller of a Title Defect shall be deemed an election by
Seller not to cure such exceptions. Should Seller elect to attempt to cure or remove any
objection, Seller shall have fifteen (15) days from the conclusion of the Title Review Period
(“Cure Period”) in which to accomplish the cure. If at anytime prior to the Close of
Escrow, Buyer receives an update or supplement to the Commitments or Surveys (as defined below) and
such update or supplement discloses one or more Title Defects that are not Permitted Exceptions (in
each case, a “New Title Defect”) and any New Title Defect is unacceptable to Buyer, Buyer
may, within five (5) days after receiving such update or supplement to the Commitments or Surveys,
as the case may be, deliver to the Seller another title objection letter with respect to any New
Title Defect only and the process described in this Section shall apply thereto. Any exceptions to
title accepted by Buyer pursuant to the terms of this Section shall be deemed “Permitted
Exceptions.”

4. Due Diligence Items.

	 	4.1.	 	Seller has, on or prior to the date hereof, delivered to Buyer, or shall within
three (3) business days of the Execution Date, each of the following (collectively,
the “Due Diligence Items”):

	 	4.1.1.	 	An ALTA survey with Table A items 1, 2, 3, 4, 7(a), 8, 9, 10 and 11 for each
of Health Quest Group Properties (each, a “Survey”);

	 	4.1.2.	 	Copies of all documents and materials provided in the “Data Room,” as
described on Exhibit I attached hereto;

	 	4.1.3.	 	Copies of all Leases presently in effect with respect to the Real Property,
together with any exhibits and amendments thereto (no CPI calculations are
applicable);

	 	4.1.4.	 	Copies of the contracts for roof repairs for the Sunrise and Winter Park
properties (the “Roof Contracts”), which constitute the sole contracts in
Seller’s possession (other than the Leases) affecting the Real Property, if
any, together with copies of the building permits for the Roof Contracts and
any “Notices To Owner” received by Sellers in connection with the Roof
Contracts (“Roof Contract Notices”) on or before the Execution Date (any Roof
Contract Notices received by Sellers after the Execution Date and prior to the
Closing Date, as defined below, shall be delivered to Buyer within two business
days after receipt thereof, but in any event prior to the Close of Escrow, as
defined below);

	 	4.1.5.	 	All site plans, leasing plans, as-built plans, drawings, environmental,
mechanical, electrical, structural, soils, engineering/property condition and
similar reports and/or audits and plans and specifications relative to the Real
Property in the possession of Seller or under the control of Seller, if any,
and if able to be copied;

	 	4.1.6.	 	True and correct copies of the real estate and personal property tax
statements covering the Health Quest Group Properties or any part thereof for
each of the two (2) years prior to the current year (tax statements for the
current year are not available);

	 	4.1.7.	 	True and correct copies of all certificates of occupancy for the Property, if
available to Seller;

	 	4.1.8.	 	True and correct copies of all easement agreements affecting the Real
Property;

	 	4.1.9.	 	A schedule of all current or pending litigation with respect to the Real
Property or any part thereof, if any, or otherwise with respect to Seller that
might have a material adverse effect on Seller’s ability to perform hereunder,
together with a brief description of each such proceeding (Seller hereby
represents that there is no such litigation);

	 	4.1.10.	 	Operating statements for the Real Property for the two prior calendar years
and the current year to date, or if shorter, for any periods during which
Seller was owner of the Real Property;

	 	4.1.11.	 	Evidence of flood plan insurance, if required, for each of the Health Quest
Group Properties;

	 	4.1.12.	 	Any and all environmental reports for the Real Property.

5. Inspections.

5.1. Procedure; Indemnity. Buyer, at its sole expense, shall have the right to
conduct feasibility, environmental, engineering and physical studies of the Real Property at any
time from and after Effective Date and for a period of fifteen (15) days thereafter (the “Due
Diligence Period”). Buyer and its duly authorized agents or representatives shall be permitted
to enter upon the Real Property at all reasonable times during the Due Diligence Period in order to
conduct tenant interviews, engineering studies, soil tests and any other inspections and/or tests
that Buyer may deem necessary or advisable (collectively, the “Inspections”). Buyer agrees
to promptly discharge any liens that may be imposed against the Real Property as a result of
Buyer’s Inspections and to defend, indemnify and hold Seller harmless from all claims, suits,
losses, costs, expenses (including without limitation court costs and attorneys’ fees),
liabilities, judgments and damages (collectively, “Claims”) incurred by Seller as a result
of any Inspections performed by Buyer, except for any Claims against Seller based upon any
obligations and liabilities of Seller.

	 	5.2.	 	Approval.

	 	5.2.1.	 	Buyer shall have until the conclusion of the Due Diligence Period (as the
same may be extended in accordance with the terms of Section 5.1 above)
to approve or disapprove of the Inspections and the Due Diligence Items
enumerated in Section 4. If Buyer shall fail to deliver a written
notice to Seller and Escrow Holder within the Due Diligence Period approving
the condition of the Real Property this Agreement shall thereupon be
automatically terminated, Buyer shall not be entitled to purchase the
Properties, Seller shall not be obligated to sell the Properties to Buyer and
the parties shall be relieved of any further obligation to each other with
respect to the Properties. In the event of such termination, Escrow Holder
shall, without any further action required from any party, return all documents
and funds, including the Deposit, to the parties who deposited same and no
further duties shall be required of Escrow Holder.

	 	5.2.2.	 	Notwithstanding anything to the contrary contained herein, Buyer hereby
agrees that in the event this Agreement is terminated for any reason, then
Buyer shall promptly and at its sole expense return to Seller all Due Diligence
Items which have been delivered by Seller to Buyer in connection with Buyer’s
inspection of the Real Property within one (1) business day following the
termination of this Agreement.

6. Escrow.

6.1. Opening. Purchase and sale of the Property shall be consummated through an
escrow (“Escrow”) to be opened with Escrow Holder within two (2) business days after the
execution of this Agreement by Seller and Buyer. This Agreement shall be considered as the Escrow
instructions between the parties, with such further consistent instructions as Escrow Holder shall
require in order to clarify its duties and responsibilities. If Escrow Holder shall require
further Escrow instructions, Escrow Holder may prepare such instructions on its usual form. Such
further instructions shall, so long as not inconsistent with the terms of this Agreement, be
promptly signed by Buyer and Seller and returned to Escrow Holder within three (3) business days of
receipt thereof. In the event of any conflict between the terms and conditions of this Agreement
and any further Escrow instructions, the terms and conditions of this Agreement shall control.

6.2. Close of Escrow. For purposes of this Agreement, the “Close of Escrow”
shall be defined as the date the Deeds are recorded in, respectively, the Official Records of the
Orange County, Florida Recorder’s Office, the Official Records of the Duval County, Florida
Recorder’s Office and the Official Records of the Broward County, Florida Recorder’s Office. The
Close of Escrow shall not occur until all of the Deeds are recorded in their respective counties.
The Close of Escrow shall occur on the date that is forty-five (45) days after the expiration of
the Due Diligence Period (as such period may be extended pursuant to Section 5.1 hereof);
or on such other date mutually approved in writing by Seller and Buyer (the “Closing
Date”).

6.3. Buyer Required to Deliver. No later than one (1) business day prior to the Close
of Escrow (unless an earlier date is specified), Buyer shall deliver to Escrow the following:

	 	6.3.1.	 	In accordance with Section 2, the Deposit;

	 	6.3.2.	 	On or before the Closing Date, the balance of the Purchase Price; provided,
however that Buyer shall not be required to deposit the balance of the Purchase
Price into Escrow until Buyer has been notified by Escrow Holder that (i)
Seller has delivered to Escrow each of the documents and instruments to be
delivered by Seller in connection with Buyer’s purchase of the Property, (ii)
Title Company has committed to issue and deliver the Title Policy to Buyer, and
(iii) the only impediment to Close of Escrow is delivery of such amount by or
on behalf of Buyer;

	 	6.3.3.	 	On or before the Closing Date, such other documents as the Title Company may
require from Buyer in order to issue the Title Policy;

	 	6.3.4.	 	Two (2) originals of an Assignment of Intangible Property for each of the
Health Quest Group Properties in the form attached hereto as Exhibit D
(the “Assignment of Intangible Property”), duly executed by Buyer
assigning all of Seller’s right, title and interest in and to the Intangible
Property, the Contracts and the Permits

	 	6.3.5.	 	Two (2) originals of an Assignment of Leases for each of the Health Quest
Group Properties in the form attached hereto as Exhibit E (the
“Assignment of Leases”), duly executed by Buyer assigning all of
Seller’s right, title and interest in and to the Leases (with the exception of
those Leases disapproved by Buyer pursuant to the terms of this Agreement); and

	 	6.3.6.	 	Such other documents as may be required by this Agreement or as may
reasonably be required to carry out the terms and intent of this Agreement,
provided that such documents shall not increase Buyer’s liability or result in
a material expense to Buyer.

	 	6.4.	 	Seller Required to Deliver.

	 	6.4.1.	 	No later than one (1) business day prior to the Close of Escrow (unless an
earlier date is specified), Seller shall deliver to Escrow Holder the
following:

	 	(a)	 	One (1) original Warranty Deed for the Winter
Park Land, in the form attached hereto as Exhibit G (the
“Winter Park Deed”), which shall (i) be in recordable form,
(ii) convey good, marketable and insurable fee simple title to the
Property to Buyer, subject only to the Permitted Exceptions, and (iii)
be duly executed and acknowledged by Seller; the Winter Park Deed shall
be in form and substance satisfactory to Buyer and Title Company;

	 	(b)	 	One (1) original Warranty Deed for the
Jacksonville Land, in the form attached hereto as Exhibit G
(the “Jacksonville Deed”), which shall (i) be in recordable
form, (ii) convey good, marketable and insurable fee simple title to
the Property to Buyer, subject only to the Permitted Exceptions, and
(iii) be duly executed and acknowledged by Seller; the Jacksonville
Deed shall be in form and substance satisfactory to Buyer and Title
Company;

	 	(c)	 	One (1) original Warranty Deed for the Sunrise
Land, in the form attached hereto as Exhibit G (the
“Sunrise Deed” and, collectively with the Winter Park Deed and
the Jacksonville Deed, the “Deeds”), which shall (i) be in
recordable form, (ii) convey good, marketable and insurable fee simple
title to the Property to Buyer, subject only to the Permitted
Exceptions, and (iii) be duly executed and acknowledged by Seller; the
Sunrise Deed shall be in form and substance satisfactory to Buyer and
Title Company;

	 	(d)	 	One (1) original of the Bill of Sale for each
of the Health Quest Group Properties in the form attached hereto as
Exhibit F (the “Bill of Sale”), duly executed by Buyer
assigning all of Seller’s right, title and interest in and to the
Personal Property;

	 	(e)	 	Two (2) originals of an Assignment of
Intangible Property, duly executed by Seller, assigning all of Seller’s
right, title and interest in and to the Intangible Property, the
Contracts and the Permits

	 	(f)	 	Two (2) originals of an Assignment of Leases,
duly executed by Seller, assigning all of Seller’s right, title and
interest in and to the Leases (with the exception of those Leases
disapproved by Buyer pursuant to the terms of this Agreement);

	 	(g)	 	One (1) original certification, in the form
attached hereto as Exhibit J, as to Seller’s non-foreign status
which complies with the provisions of Section 1445(b)(2) of the
Internal Revenue Code of 1986, as amended, any regulations promulgated
thereunder, and any revenue procedures or other officially published
announcements of the Internal Revenue Service or the U.S. Department of
the Treasury in connection therewith (the “FIRPTA”);

	 	(h)	 	One (1) original letter, in the form attached
hereto as Exhibit K, duly executed by Seller, advising the
tenants under the Leases of the change in ownership of the Real
Property;

	 	(i)	 	No later than ten (10) days prior to the
Closing Date, Tenant’s estoppel certificates, in the form attached
hereto as Exhibit L, as required by and provided for in
Section 9.1.6 and “SNDA,” in the form attached hereto as
Exhibit M, as defined in, required by and provided for in
Section 9.1.6;

	 	(j)	 	Duplicates of Florida Department of Revenue
DR-219 certifying the purchase price of the Winter Park Land, the
Jacksonville Land and the Sunrise Land.

	 	(k)	 	A No-Lien, Possession and Gap Affidavit in form
and substance satisfactory to the Title Company, attesting to the
absence of construction liens and parties in possession sufficient to
allow the Title Company to delete from the Title Commitment at Close of
Escrow the standard exceptions pertaining to construction liens under
Chapter 713, Florida Statutes, to limit the standard exception for
claims of parties in possession to tenants only under the Leases and to
delete the “gap”.

	 	(l)	 	Proof of the legal existence of sellers as
Indiana general partnerships, affidavits and resolutions of the general
partners of sellers authorizing the transactions contemplated hereby
and authorizing the execution and delivery of the documents necessary
to effectuate the closing of the transactions contemplated hereby by
the persons executing such documents, all in form and content
satisfactory to the Title Company, together with such other documents
in form and substance as may be required by the Title Company to
evidence the foregoing and to issue the Title Policies.

	 	(m)	 	With respect to the Roof Contracts and any
Notice of Commencement recorded in the public records with respect
thereto, Seller shall provide to the Title Company all such documents
as may be required by the Title Company, in form and substance
satisfactory to the Title Company, to delete the standard exceptions
for construction liens for the Title Commitments with respect to the
Roof Contracts and any such Notice of Commencement, or, if the Title
Company will not agree to delete such exception from the Title
Commitment, to have the Title Insurance Company affirmatively insure
over such construction liens and any such Notice of Commencement,
including, but not limited to, an owner’s affidavit identifying all
parties who gave notice to owner, a contractor’s final affidavit,
together with final lien waivers and releases of lien from each of the
subcontractors, materialmen and other persons who gave notice to owner
or are listed as unpaid in the contractor’s final affidavit,
termination of notice of commencement in compliance with Section
713.132, Florida Statutes, and a final lien waiver and release from the
general contractor.

	 	(n)	 	All documents as may be required by the Title
Company to delete from the Title Commitment all requirements set forth
in Schedule B, Section I, of the Title Commitments, in form and
substance satisfactory to the Title Company.

	 	(o)	 	No later than ten (10) days prior to the
Closing Date, Tenant’s estoppel certificates, in the form attached
hereto as Exhibit L, as required by and provided for in
Section 9.1.6 and “SNDA,” in the form attached hereto as
Exhibit M, as defined in, required by and provided for in
Section 9.1.6;

	 	(p)	 	Such other documents and instruments, executed
and properly acknowledged by Seller, if applicable, as Title Company
may require from Seller in order to issue the Title Policies;

	 	(q)	 	Such other documents as may be required by this
Agreement or as may reasonably be required to carry out the terms and
intent of this Agreement, provided that such documents shall not
increase Seller’s liability or result in a material expense to Seller;

	 	6.4.2.	 	Within one (1) business day of the Close of Escrow, Seller shall deliver to
Buyer the following:

	 	(a)	 	All keys to all buildings and other
improvements located on the Real Property, combinations to any safes
thereon, and security devices therein in Seller’s possession;

	 	(b)	 	A letter from Seller addressed to each Tenant
informing such Tenant of the change in ownership;

	 	(c)	 	The original Leases and, if Buyer has elected
to assume any Contracts (as defined in Section 1.1.7), the original
Contracts and, if any Permits (as defined in Section 1.1.8) are in
Seller’s possession and are not required to be maintained at the
Property, the original Permits; and

	 	(d)	 	All records and files in Sellers’ relating to
the management or operation of the Real Property; provided, that all
insurance policies, service contracts, resident records and other
matters under the control of the Tenant of each Property shall not be
required to be delivered pursuant hereto.

	 	 	 	 	 	 	 
	6.5.

	 	Buyer’s Costs.
	 	

	 	 	 
	 	 	Buyer shall pay the following:
	
 
	 	 	6.5.1.	 	 	One-half (1/2) of Escrow Holder’s fee, costs and expenses;

	 	6.5.2.	 	For the Winter Park Land, all other costs customarily borne by purchasers of
real property in Orange County, Florida, as determined by the Escrow Holder;

	 	6.5.3.	 	For the Jacksonville Land, all other costs customarily borne by purchasers of
real property in Duval County, Florida, as determined by the Escrow Holder; and

	 	6.5.4.	 	For the Sunrise Land, all other costs customarily borne by purchasers of real
property in Broward County, Florida, as determined by the Escrow Holder; and

	 	6.5.5.	 	The cost of recording any mortgages granted by Buyer (the “Buyer Mortgages”);
and

	 	6.5.6.	 	Any Florida documentary stamp tax applicable to the Buyer Mortgages or the
notes secured by the Buyer Mortgages; and

	 	6.5.7.	 	The Title Company premiums for loan policies for the Buyer Mortgages.

	 	 	 	 	 	 	 
	6.6.

	 	Seller’s Costs.
	 	

	 	 	 
	 	 	Seller shall pay the following:
	
 
	 	 	6.6.1.	 	 	One-half (1/2) of Escrow Holder’s fees, costs and expenses;

	 	6.6.2.	 	The cost of recording the Deeds and any Florida documentary stamp tax and
documentary stamp surtax applicable to the Deeds;

	 	6.6.3.	 	The Title Company premiums for the Title Policies; and

	 	6.6.4.	 	For the Winter Park Land, all other costs customarily borne by sellers of
real property in Orange County, Florida, as determined by the Escrow Holder;

	 	6.6.5.	 	For the Jacksonville Land, all other costs customarily borne by sellers of
real property in Duval County, Florida, as determined by the Escrow Holder; and

	 	6.6.6.	 	For the Sunrise Land, all other costs customarily borne by sellers of real
property in Broward County, Florida, as determined by the Escrow Holder.

	 	6.6.7.	 	All costs associated with removing any debt encumbering the Properties.

	 	6.7.	 	Prorations.

	 	6.7.1.	 	Items to be Prorated. The following shall be prorated between Seller
and Buyer as of the Closing Date with the Buyer being deemed the owner of the
Property as of the Close of Escrow:

(a) Taxes and Assessments. To the extent not covered by
amounts collected from the Tenants pursuant to Section 6.4 of the Leases and
paid or credited to Buyer at Closing (“Tax Escrow Funds”) for payment of
real or personal property taxes, sales tax applicable to the Leases,
assessments and other governmental impositions of any kind or nature,
including, without limitation, any special assessments or similar charges
(collectively, “Taxes”), all non-delinquent Taxes which relate to
the tax year within which the Close of Escrow occurs based upon the actual
number of days in the tax year. With respect to any portion of the Taxes
which are payable by any Tenant directly to the authorities, no proration or
adjustment shall be made. The proration for Taxes shall be based upon the
most recently issued tax bill for the Property. If the most recent tax bill
is not for the current tax year, then the parties shall reprorate within
thirty (30) days of the receipt of the tax bill for the current tax year.
Upon the Close of Escrow and subject to the adjustment provided above, Buyer
shall be responsible for real estate taxes and assessments on the Property
payable from and after the Close of Escrow. In no event shall Seller be
charged with or be responsible for any increase in the taxes or assessments
on the Property resulting from the sale of the Property or from any
improvements made or leases entered into after the Close of Escrow. With
respect to all periods for which Seller has paid Taxes, Seller hereby
reserves the right to institute or continue any proceeding or proceedings
for the reduction of the assessed valuation of the Property, and, in its
sole discretion, to settle the same. Seller shall have sole authority to
control the progress of, and to make all decisions with respect to, such
proceedings but shall provide Buyer with copies of all communications with
the taxing authorities. All net tax refunds and credits attributable to any
period prior to the Close of Escrow which Seller has paid or for which
Seller has given a credit to Buyer shall belong to and be the property of
Seller, provided, however, that any such refunds and credits that are the
property of Tenants under Leases shall be promptly remitted by Seller
directly to such Tenants or to Buyer for the credit of such Tenants. All
net tax refunds and credits attributable to any period subsequent to the
Close of Escrow shall belong to and be the property of Buyer. Buyer agrees
to cooperate with Seller in connection with the prosecution of any such
proceedings and to take all steps, whether before or after the Close of
Escrow, as may be necessary to carry out the intention of this subsection,
including the delivery to Seller, upon demand, of any relevant books and
records, including receipted tax bills and cancelled checks used in payment
of such taxes, the execution of any and all consent or other documents, and
the undertaking of any acts necessary for the collection of such refund by
Seller. Buyer agrees that, as a condition to the transfer of the Property
by Buyer, Buyer will cause any transferee to assume the obligations set
forth herein.

(b) Rents. Buyer will receive a credit at closing for all rents
collected by Seller prior to the Close of Escrow and allocable to the period
from and after the Close of Escrow based upon the actual number of days in
the month. No credit shall be given the Seller for accrued and unpaid rent
or any other non-current sums due from Tenants until these sums are paid,
and Seller shall retain the right to collect any such rent provided Seller
does not sue to evict any tenants or terminate any Leases. Buyer shall
cooperate with Seller after Close of Escrow to collect any rent under the
Leases which has accrued as of the Close of Escrow; provided, however, Buyer
shall not be obligated to sue any Tenants or exercise any legal remedies
under the Leases or to incur any expense over and above its own regular
collection expenses. All payments collected from Tenants after Close of
Escrow shall first be applied to the month in which the Close of Escrow
occurs, then to any rent due to Buyer for the period after Close of Escrow
and finally to any rent due to Seller for the period prior to Close of
Escrow; provided, however, notwithstanding the foregoing, if Seller collects
any payments from Tenants after Close of Escrow through its own collection
efforts, Seller may first apply such payments to rent due the Seller for the
period prior to Close of Escrow.

(c) Security Deposits; Prepaid Rents. Prepaid rentals and
other tenant charges and security deposits (including any portion thereof
which may be designated as prepaid rent) under Leases, if and to the extent
that such deposits are in Seller’s actual possession or control and have not
been otherwise applied by Seller to any obligations of any Tenants under the
Leases, shall be credited against the Purchase Price, and upon the Close of
Escrow, Buyer shall assume full responsibility for all security deposits to
be refunded to the Tenants under the Leases (to the extent the same are
required to be refunded by the terms of such Leases or applicable);
provided, however, that Buyer acknowledges that no Replacement Reserve
escrows pursuant to Section 7 of the Leases shall be paid to or credited to
Buyer at Closing, as said amounts shall be utilized for payments due under
the Roof Contracts.

	 	6.7.2.	 	Calculation; Reproration. Seller shall prepare and deliver to Buyer
no later than five (5) days prior to the Close of Escrow an estimated closing
statement which shall set forth the costs payable under this Agreement,
including, without limitation, any tax escrow, replacement reserve escrow, the
Roof Escrow (as defined herein) and any security deposits. Any item which
cannot be finally prorated because of the unavailability of information shall
be tentatively prorated on the basis of the best data then available and
adjusted when the information is available in accordance with this subsection.
Buyer shall notify Seller within two (2) days after its receipt of such
estimated closing statement of any items which Buyer disputes, and the parties
shall attempt in good faith to reconcile any differences not later than one (1)
day before the Close of Escrow. The estimated closing statement as adjusted as
aforesaid and approved in writing by the parties (which shall not be withheld
if prepared in accordance with this Agreement) shall be referred to herein as
the “Closing Statement”. If the prorations and credits made under the
Closing Statement shall prove to be incorrect or incomplete for any reason,
then either party shall be entitled to an adjustment to correct the same;
provided, however, that any adjustment shall be made, if at all, within sixty
(60) days after the Close of Escrow (except with respect to Taxes, in which
case such adjustment shall be made within thirty (30) days after the
information necessary to perform such adjustment is available), and if a party
fails to request an adjustment to the Closing Statement by a written notice
delivered to the other party within the applicable period set forth above (such
notice to specify in reasonable detail the items within the Closing Statement
that such party desires to adjust and the reasons for such adjustment), then
the prorations and credits set forth in the Closing Statement shall be binding
and conclusive against such party.

	 	6.7.3.	 	Items Not Prorated. Seller and Buyer agree that (a) on the Close of
Escrow, the Property will not be subject to any financing arranged by Seller;
and (b) none of the insurance policies relating to the Property will be
assigned to Buyer and Buyer shall be responsible for arranging for its own
insurance as of the Close of Escrow. Accordingly, there will be no prorations
for debt service or insurance.

	 	6.7.4.	 	Indemnification. Buyer and Seller shall each indemnify, protect,
defend and hold the other harmless from and against any claim in any way
arising from the matters for which the other receives a credit or otherwise
assumes responsibility pursuant to this Section.

	 	6.7.5.	 	Survival. This Section shall survive the Close of Escrow.

7. Seller Representations, Warranties, and Covenants.

	 	7.1.	 	Representations and Warranties.

Seller hereby represents and warrants as of the date hereof and as of the Close of
Escrow by appropriate certificate to Buyer as follows:

	 	7.1.1.	 	Organization and Authorization. Sellers are each a general
partnership duly formed and validly existing under the laws of the State of
Indiana. Seller has full power and authority to enter into this Agreement, to
perform this Agreement and to consummate the transactions contemplated hereby.
The execution, delivery and performance of this Agreement and all documents
contemplated hereby by Seller have been duly and validly authorized by all
necessary action on the part of Seller and all required consents and approvals
have been duly obtained and will not result in a breach of any of the terms or
provisions of, or constitute a default under, any indenture, agreement or
instrument to which Seller is a party or otherwise bound. This Agreement is a
legal, valid and binding obligation of Seller, enforceable against Seller in
accordance with its terms, subject to the effect of applicable bankruptcy,
insolvency, reorganization, arrangement, moratorium or other similar laws
affecting the rights of creditors generally.

	 	7.1.2.	 	Authenticity of Documents. Seller warrants that all documents posted
in the “Data Room” and listed on Exhibit I are authentic and accurate,
to Seller’s knowledge, as of the Effective Date.

	 	7.1.3.	 	No Conflicting Agreements. The execution and delivery by Seller of,
and the performance of and compliance by Seller with, the terms and provisions
of this Agreement, do not (1) conflict with, or result in a breach of, the
terms, conditions or provisions of, or constitute a default under, Seller’s
partnership agreement, or any other agreement or instrument to which Seller is
a party or by which all or any part of the Property is bound, (2) violate any
restriction, requirement, covenant or condition to which all or any part of the
Property is bound, (3) to the knowledge of Seller, constitute a violation of
any applicable code, resolution, law, statute, regulation, ordinance or rule
applicable to Seller or the Property, (4) constitute a violation of any
judgment, decree or order applicable to Seller or specifically applicable to
the Property, or (5) require the consent, waiver or approval of any third
party.

	 	7.1.4.	 	Title. Seller has good and marketable title to the Real Property,
subject to the Permitted Exceptions. There are no outstanding rights of first
refusal, rights of reverter or options relating to the Real Property or any
interest therein. To Seller’s knowledge, there are no unrecorded or
undisclosed documents or other matters which affect title to the Real Property.
Subject to the Leases and prior leases, Seller has enjoyed the continuous and
uninterrupted quiet possession, use and operation of the Real Property, without
material complaint or objection by any person.

	 	7.1.5.	 	FIRPTA. Seller is not a “foreign person” within the meaning of
Section 1445(f) of the Internal Revenue Code of 1986, as amended (the
“Code”).

	 	7.1.6.	 	Employees. There are no on-site employees of Seller at the Real
Property, and following the Close of Escrow, Buyer shall have no obligation to
employ or continue to employ any individual employed by Seller or its
affiliates in connection with the Real Property.

	 	7.1.7.	 	Litigation. There are no actions, suits or proceedings pending, or
to the best of Seller’s knowledge, threatened against Seller and affecting any
portion of the Real Property, at law or in equity, or before or by any federal,
state, municipal, or other governmental court, department, commission, board,
bureau, agency, or instrumentality, domestic or foreign.

	 	7.1.8.	 	Compliance with Laws and Environmental Conditions. Except as
expressly set forth in the Due Diligence Items, Seller has not received any
notice from any governmental, quasi-governmental authority or other third party
of any alleged violations of any applicable federal, state or local laws,
statutes, rules, regulations, ordinances, orders or requirements (collectively,
“Laws”) noted or issued by any governmental authority having
jurisdiction over or affecting the Property, including, without limitation,
Laws relating to Hazardous Materials (hereinafter defined) and Laws relating to
nursing homes and related health care facilities (which shall include, without
limitation, Chapter 400 of the Florida Statutes, Section 59A-4 of the Florida
Administrative Code and 42 CFR Chapter IV, Part 483 of the Code of Federal
Regulations). For purposes of this Agreement, “Hazardous Materials” is defined
as all hazardous, toxic or radioactive matter including, without limitation,
(a) petroleum, petroleum products, gasoline, diesel fuel, motor oil, and their
related additives, and (b) any substance or material that may give rise to
liability under: (i) the Resources Conservation and Recovery Act of 1976 (42
U.S.C. §§ 6901 et seq.), and any amendments thereto; (ii) the Comprehensive
Environmental Response, Compensation and Liability Act of 1980 (42 U.S.C. §§
9601, et seq.), and any amendments thereto; (iii) the Federal Water Pollution
Control Act (33 U.S.C. § 1321 et seq.), and any amendments thereto; (iv) the
Clean Air Act (42 U.S.C. §§ 7401 et seq.), and any amendments thereto; and (v)
any similar local, state or federal laws, ordinances, regulations or directives
that concern the control of materials or substances known or suspected to be
toxic or hazardous (including, without limitation, methane, volatile
hydrocarbons, industrial solvents, asbestos and any radioactive substance) or
which could cause a material detriment to, or materially impair the beneficial
use of, the Property or to constitute a material health, safety or
environmental risk to current or future tenants, workers, occupants, patrons or
owners of the Property.

	 	7.1.9.	 	Unpaid Claims. There are no unpaid bills, claims, or liens in
connection with any construction or repair of the Real Property except for
those that will be paid in the ordinary course of business prior to Close of
Escrow or which have been bonded over or the payment of which has otherwise
been adequately provided for to the satisfaction of Buyer, including, without
limitation, any costs associated with the roof repairs for the Sunrise Land and
the Winter Park Land other than Roof Contract payments which have been paid or
credited to Buyer at Closing.

	 	7.1.10.	 	Zoning. To Seller’s knowledge, the zoning of the Real Property
permits the current building and use of the Real Property, and to Seller’s
knowledge there is no pending, or contemplated, rezoning. To Seller’s
knowledge, the Real Property complies with all applicable subdivision laws and
all local ordinances enacted thereunder and no subdivision or parcel map not
already obtained is required to transfer the Real Property to Buyer.

	 	7.1.11.	 	Leases. Seller has or will deliver to Buyer true, accurate and
complete copies of all of the Leases and there are no leases, subleases,
licenses, occupancies or tenancies in effect pertaining to any portion of the
Real Property, and no persons, tenants or entities occupy space in the Real
Property. There are no options or rights to renew, extend or terminate the
Leases or expand any Lease premises, except as shown in the Leases. No
brokerage commission or similar fee is due or unpaid by Seller with respect to
any Lease, and there are no written or oral agreements that will obligate
Buyer, as Seller’s assignee, to pay any such commission or fee under any Lease
or extension, expansion or renewal thereof. The Leases and any guaranties
thereof are in full force and effect, and are subject to no defenses, setoffs
or counterclaims for the benefit of the Tenants thereunder. Neither Seller
nor, to Seller’s knowledge, any Tenant is in default under its Lease. Seller
is in full compliance with all of the landlord’s obligations under the Leases,
and (except insofar as such an obligation might be inferred from the Roof
Contracts), Seller has no obligation to any Tenant under the Leases to further
improve such Tenant’s premises or to grant or allow any rent or other
concessions. No rent or other payments have been collected in advance for more
than one (1) month and no rents or other deposits are held by Seller, except
the security deposits paid or credited to Buyer at Closing, Replacement Reserve
escrowed funds to be applied to Roof Contracts, and rent for the current month.

	 	7.1.12.	 	Condemnation Proceedings. To Seller’s knowledge, there are no
presently pending or contemplated proceedings to condemn the Real Property or
any part of it.

	 	7.1.13.	 	Utilities. To Seller’s knowledge, all water, sewer, gas, electric,
telephone and drainage facilities, and all other utilities required by law or
by the normal operation of the Real Property are connected to the Real Property
and are adequate to service the Real Property in its present use and normal
usage by the Tenants and occupants of the Real Property and are in good working
order and repair.

	 	7.1.14.	 	Permits. To Seller’s knowledge, Seller has all licenses, permits
(including, without limitation, all building permits and occupancy permits),
easements and rights-of-way which are required in order to continue the present
use of the Real Property and ensure adequate vehicular and pedestrian ingress
and egress to the Real Property.

	 	7.1.15.	 	Personal Property. Seller has good title to all the Personal
Property and the execution and delivery to Buyer of the Assignment and
Assumption Agreement shall vest good title to all of the Personal Property in
Buyer, free and clear of liens, encumbrances and adverse claims.

	 	7.1.16.	 	Building Permits. Except as disclosed by Seller prior to the Closing
Date with respect to the Roof Contracts, there are no open building permits for
any improvements to the Properties.

	 	7.2.	 	Seller’s Knowledge.

For purposes of this Agreement whenever the phrase “to the best of Seller’s
knowledge” or the “knowledge” of Seller or words of similar import are used, they
will be deemed to mean and are limited to the current actual knowledge only of
Seller, without any duty or obligation to investigate any matter or examine any
records or files related to Seller or the Property, and not any implied, imputed or
constructive knowledge of such individual or of Seller.

	 	7.3.	 	Indemnity; Survival.

The foregoing representations and warranties of Seller are made by Seller as of the
date hereof and again as of Closing Date and shall survive the Close of Escrow for
twelve (12) months and shall not be merged as of the date of the Close of Escrow
hereunder. Seller shall indemnify and defend Buyer against and hold Buyer harmless
from, and shall be responsible for all claims, demands, liabilities, losses,
damages, costs and expenses, including reasonable attorney’s fees, that may be
suffered or incurred by Buyer, including any third party due diligence expenses
incurred by Buyer, if any representation or warranty made by Seller is untrue or
incorrect in any material respect when made. The terms of Seller’s indemnity set
forth above with respect to the representations and warranties made herein shall
survive following the Close of Escrow.

	 	7.4.	 	Covenants of Seller. Seller hereby covenants from and after the
Effective Date as follows:

	 	7.4.1.	 	To cause to be in force fire and extended coverage insurance upon the Real
Property, and public liability insurance with respect to damage or injury to
persons or property occurring on the Real Property in at least such amounts,
and with the same deductibles, as are maintained by Seller on the date hereof.

	 	7.4.2.	 	To maintain in effect the terms of the Leases requiring the Tenant to operate
the Property in conformity with the Leases. Seller may not make any material
alterations to the Leases or the Property without Buyer’s prior written
consent.

	 	7.4.3.	 	Seller has entered into agreements for roof repairs for buildings located on
the Sunrise Land and the Winter Park Land. Seller covenants that such work
shall be completed at the cost of Seller and/or Tenants of the respective
Health Quest Group Properties. Buyer shall have the right to survey such work
and shall have the right, in its sole discretion, to confirm that such work was
adequately completed. If such work is not completed by the Closing Date,
Seller shall warrant that such work is completed in a professionally competent
manner and provide all funding for such work to be completed through a separate
escrow established with the Escrow Holder (the “Roof Escrow”)

	 	7.4.4.	 	To not enter into any new lease with respect to the Real Property, without
Buyer’s prior written consent.

	 	7.4.5.	 	To not sell, assign, or convey any right, title, or interest whatsoever in or
to the Real Property, or create or permit to attach any lien, security
interest, easement, encumbrance, charge, or condition affecting the Real
Property (other than the Permitted Exceptions); provided, that any lien which
may be filed as to the Roof Contracts shall not be a violation hereof provided
that the amounts unpaid under the Roof Contracts at Closing are less than the
Roof Escrow.

	 	7.4.6.	 	To not, without Buyer’s written approval, (a) amend or waive any right under
any Contract, or (b) enter into any service, operating or maintenance agreement
affecting the Real Property that would survive the Close of Escrow.

	 	7.4.7.	 	To fully and timely comply with all obligations to be performed by it under
the Leases and Contracts, and all Permits, licenses, approvals and laws,
regulations and orders applicable to the Real Property.

	 	7.4.8.	 	To provide Buyer with copies of (a) any default letters sent to or received
from Tenants and, (b) any copies of correspondence received from a Tenant that
it is discontinuing operations at the Property or seeking to re-negotiate its
lease and (c) notices of bankruptcy filings received with respect to any
Tenant.

	 	7.4.9.	 	To use diligent efforts to obtain subordination, attornment and
non-disturbance agreements and estoppel certificates from all tenants, on the
form provided by the Buyer.

	 	7.4.10.	 	Not to market, show or list the Property to any other prospective buyer
during the term of this Agreement.

	 	7.4.11.	 	Not to permit any default, or any event that could give rise to a default
with lapse of time or notice, to occur under any existing loan secured by the
Property or other financing encumbering the Property.

1. Except for materials, supplies, or work provided or ordered for the Property at
the request of or for the account of Buyer, on or before the Close of Escrow, Seller
must (a) pay for all materials, supplies, and work provided or ordered for the
Property for which a labor, materialman’s or mechanics’ lien may be claimed under
applicable law and (b) if required by the Title Company, provide the Title Company
with such indemnifications or security as it may require to insure title to the
Property at the Close of Escrow without exception for any unrecorded labor,
materialman’s or mechanics’ claim of lien.

8. Buyer Representations and Warranties.

Buyer hereby represents and warrants to Seller as of the date hereof and as of the Close of
Escrow by appropriate certificate that:

	 	8.1.1.	 	Organization and Authorization. Buyer is a limited liability company
duly organized and validly existing under the laws of the Commonwealth of
Virginia. Buyer has full power and authority to enter into this Agreement, to
perform this Agreement and to consummate the transactions contemplated hereby.
This Agreement is a legal, valid and binding obligation of Buyer, enforceable
against Buyer in accordance with its terms, subject to the effect of applicable
bankruptcy, insolvency, reorganization, arrangement, moratorium or other
similar laws affecting the rights of creditors generally.

	 	8.1.2.	 	No Conflicting Agreements. The execution, delivery and performance
of this Agreement and all documents contemplated hereby by Buyer have been duly
and validly authorized by all necessary action on the part of Buyer and all
required consents and approvals have been duly obtained and will not result in
a breach of any of the terms or provisions of, or constitute a default under,
any indenture, agreement or instrument to which Buyer is a party or otherwise
bound.

9. Conditions Precedent to Close of Escrow.

	 	9.1.	 	Conditions Precedent.

The obligations of Buyer to purchase the Property pursuant to this Agreement shall,
at the option of Buyer, be subject to the following conditions precedent:

	 	9.1.1.	 	All of the representations, warranties and agreements of Seller set forth in
this Agreement shall be true and correct in all material respects as of the
date hereof and as of the Closing Date, and Seller shall not have on or prior
to the Closing Date, failed to meet, comply with or perform in any material
respect any covenants or agreements on Seller’s part as required by the terms
of this Agreement.

	 	9.1.2.	 	There shall be no change in the matters reflected in the Title Documents, and
there shall not exist any encumbrance or title defect affecting the Real
Property not described in the Title Documents except for the Permitted
Exceptions or matters to be satisfied at the Close of Escrow.

	 	9.1.3.	 	On the Closing Date, the Title Insurance Company shall be unconditionally
obligated and prepared, subject to the payment of the applicable title
insurance premium and other related charges, to issue to Buyer the Title
Policies containing only the Permitted Exceptions.

	 	9.1.4.	 	Unless Seller receives notice from Buyer at least thirty (30) days prior to
the Close of Escrow, effective as of the Closing Date, any management agreement
of the Seller affecting the Real Property shall be terminated by Seller and any
and all termination fees incurred as a result thereof shall be the sole
obligation of Seller.

	 	9.1.5.	 	No Tenant shall be in default under its Lease nor shall any Tenant have given
notice that it is discontinuing operations at the Real Property nor shall a
Tenant filed bankruptcy or sought any similar debtor protective measure or be
the subject of an involuntary bankruptcy.

	 	9.1.6.	 	Seller shall, prior to the expiration of the Due Diligence Period, enter into
an amendment of the Leases with ISLF to waive all provisions relating to
“Incentive Rent.” Such amendments shall allow for (i) 2.5% annual rent
increases, beginning June 1, 2008 and (ii) a five (5) year lease extension,
commencing on June 1, 2009. Such amendments shall be approved by Buyer prior
to execution. In addition, such amendment shall provide for the addition of
the following provision:

“REIT Protection. Notwithstanding anything to the contrary
contained in this Lease, with respect to any proposed
assignment, sublease, conveyance, sale, pledge, mortgage,
hypothecation or other encumbrance or transfer of all or any
part of this Lease or Tenant’s leasehold estate hereunder,
or the engagement of any person or entity for the management
or operation of all or any part of the Leased Property by
Tenant (each, a “Transfer”), the following shall apply: (i)
no Transfer shall be consummated on any basis such that the
rental or other amounts to be paid to Landlord or Tenant by
the occupant, assignee, manager or other transferee
thereunder would be based, in whole or in part, on the
income or profits derived by the business activities of the
occupant, assignee, manager or other transferee; (ii) Tenant
shall not consummate a Transfer with any person or entity in
which Landlord owns an interest, directly or indirectly (by
applying constructive ownership rules set forth in Section
856(d)(5) of the Internal Revenue Code of 1986, as amended
(the “Code”)) and (iii) Tenant shall not consummate a
Transfer with any person or entity or in any manner which
could cause any portion of the amounts received by Landlord
pursuant to this Lease or any sublease, license or other
arrangement relating to the use, occupancy or possession of
any portion of the Leased Property to fail to qualify as
“rents from real property” within the meaning of Section
856(d) of the Code, or any similar or successor provision
thereto or which could cause any other income of Landlord to
fail to qualify as income described in Section 856(c)(2) of
the Code.”

	 	9.1.7.	 	Seller shall obtain and deliver to Buyer, at Closing, estoppel certificates
from the Tenants confirming, for each Property, that the Leases are in effect,
plus, for each Property, a subordination, nondisturbance and attornment
agreements (“SNDA”), as to the Buyer Mortgages, in a form customary for
transactions of this kind.

	 	9.1.8.	 	There shall be no change in the zoning classification or the zoning
ordinances or regulations affecting the Property from that existing as of the
conclusion of the Due Diligence Period.

	 	9.1.9.	 	Except as disclosed in the Due Diligence Items, on the Closing Date, no
action or proceeding shall have been instituted or be threatened before any
court or governmental authority (A) that relates to the Property and materially
affects the Property after the Close of Escrow or (B) that seeks to restrain or
prohibit, or to obtain substantial damages in respect of, or which is related
to or arises out of, this Agreement or the consummation of the transactions
contemplated herein, unless Seller has demonstrated, to Buyer’s reasonable
satisfaction, that any costs and liabilities to be incurred in connection with
such matters are fully covered by Seller’s insurance.

	 	9.1.10.	 	As of the Closing Date, Seller shall not have commenced (within the meaning
of any Bankruptcy Law) a voluntary case, nor shall there have been commenced
against Seller an involuntary case, nor shall Seller have consented to the
appointment of a Custodian of it or for all or any substantial part of its
property, nor shall a court of competent jurisdiction have entered an order or
decree under any Bankruptcy Law that is for relief against Seller in an
involuntary case or appoints a Custodian of Seller for all or any substantial
part of its property. The term “Bankruptcy Law” means Title 11, U.S. Code, or
any similar state law for the relief of debtors. The term “Custodian” means
any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law.

	 	9.2.	 	Effect of Failure.

If Buyer notifies Seller of a failure to satisfy the conditions precedent set forth
in this Section 9, Seller may, within five (5) days after receipt of Buyer’s
notice, agree to satisfy the condition by written notice to Buyer, and Buyer shall
thereupon be obligated to close the transaction provided (a) Seller so satisfies
such condition and (b) no such right to cure shall extend the Close of Escrow. If
Seller fails to agree to cure or fails to cure such condition by the Close of
Escrow, this Agreement shall be automatically terminated, the Deposit shall be
returned to Buyer without any further action required from either party and neither
party shall have any continuing obligations hereunder; provided, however, if such
failure constitutes a breach or default of its covenants, representations or
warranties Seller shall remain liable for such breach or default as otherwise set
forth in this Agreement.

10. Damage or Destruction Prior to Close of Escrow. In the event that the Real
Property should be damaged by any casualty prior to Close of Escrow, then Seller shall promptly
provide Buyer with written notice of such casualty. If the cost of repairing such damage, as
estimated by an architect or contractor retained pursuant to the mutual agreement of the parties
(the “Cost of Repairs”), is (a) less than One Hundred Thousand Dollars ($100,000), the
Close of Escrow shall proceed as scheduled and any insurance proceeds, plus the cash amount of any
associated deductible, shall be paid over to Buyer; or (b) greater than One Hundred Thousand
Dollars ($100,000), then Buyer may in its discretion either (i) elect to terminate this Agreement,
in which case the Deposit shall be returned to Buyer without any further action required from
either party and neither party shall have any further obligation to the other or (ii) proceed to
Close of Escrow in which event any insurance proceeds, plus the cash amount of any associated
deductible, shall be paid over to Buyer. In the event that the casualty is uninsured, the Buyer
may terminate this Agreement unless the Buyer receives a credit against the Purchase Price equal to
the Cost of Repairs. The foregoing notwithstanding, in the event any casualty results in the
cancellation of, or rental abatement under, any Lease, Buyer shall have the option to terminate
this Agreement without regard to the cost of repairs. Any notice required to terminate this
Agreement pursuant to this Section shall be delivered no later than thirty (30) days following
Buyer’s receipt of Seller’s notice of such casualty.

11. Eminent Domain. If, before the Close of Escrow, proceedings are commenced for the
taking by exercise of the power of eminent domain of all or a material part of the Real Property
which, as reasonably determined by Buyer, would render the Real Property unacceptable to Buyer or
unsuitable for Buyer’s intended use, Buyer shall have the right, by giving written notice to Seller
within thirty (30) days after Seller gives notice of the commencement of such proceedings to Buyer,
to terminate this Agreement, in which event this Agreement shall automatically terminate, the
Deposit shall be returned to Buyer without any further action required from either party and
neither party shall have any continuing obligations hereunder. If, before the Close of Escrow,
proceedings are commenced for the taking by exercise of the power of eminent domain of less than a
material part of the Real Property, or if Buyer has the right to terminate this Agreement pursuant
to the preceding sentence but Buyer does not exercise such right, then this Agreement shall remain
in full force and effect and, on the Close of Escrow, the condemnation award (or, if not
theretofore received, the right to receive such portion of the award) payable on account of the
taking shall be assigned, or paid to, Buyer. Seller shall give written notice to Buyer within
three (3) business days after Seller’s receiving notice of the commencement of any proceedings for
the taking by exercise of the power of eminent domain of all or any part of the Real Property. The
foregoing notwithstanding, in the event the taking results in the cancellation of, or rent
abatement under, any Lease, Buyer shall have the option to terminate this Agreement.

12. Notices. All notices, demands, or other communications of any type given by any
party hereunder, whether required by this Agreement or in any way related to the transaction
contracted for herein, shall be void and of no effect unless given in accordance with the
provisions of this Section. All notices shall be in writing and delivered to the person to whom
the notice is directed, either (a) in person, (b) by United States Mail, as a registered or
certified item, return receipt requested, (c) by facsimile transmission, or (d) by a nationally
recognized overnight delivery service (with confirmation by a nationally recognized overnight
delivery service). Notices transmitted to the then designated facsimile number of the party
intended shall be deemed received upon electronic verification of receipt by the sending machine,
notices sent by a nationally recognized overnight delivery service shall be deemed received on the
next business day and notices delivered by certified or registered mail shall be deemed delivered
three (3) days following posting. Notices shall be given to the following addresses:

	 	 	 	 	 
	   Health Quest

	   315 West Jefferson Blvd.Group

	   South Bend, IN 46601

	   Attn: Charles Loeser

	Seller:
	 	574-236-4000 ext 218
	 
	 	 	 	 
	   Health Quest Group

	   1150 Lakeway Dr., Suite 207

	   Austin, Texas 78734

	   Attention: Anthony Wright

	With Required Copy to:
	 	 	512-261-1700	 
	 
	 	 	 	 
	   Triple Net Properties, L.L.C.

	   1551 N. Tustin Avenue, Suite 200

	   Santa Ana, CA  92705

	   Attn: Danny Prosky, Vice President – Acquisitions and

	   Mathieu Streiff, Esq.

	 
	 	 	(714) 667-8252	 
	Buyer:
	 	(714) 667-6816  Fax
	 
	 	 	 	 
	   Cox, Castle & Nicholson LLP

	   2049 Century Park East, Suite 2800

	   Los Angeles, CA 90067

	   Attn: David P. Lari, Esq.

	 
	 	 	(310) 284-2240	 
	With Required Copy to:
	 	(310) 277-7889  Fax
	 
	 	 	 	 

13. Remedies.

	 	13.1.	 	Defaults by Seller. If there is any default by Seller under this
Agreement, following notice to Seller and seven (7) days thereafter during which period
Seller may cure the default, Buyer may at its option, either (a) declare this Agreement
terminated in which case the Deposit shall be returned to Buyer without any further
action required from either party, and bring an action for any damages incurred by
Buyer or (b) treat the Agreement as being in full force and effect and bring an action
against Seller for specific performance. The foregoing notwithstanding, no right to
cure shall extend the Closing Date and Buyer shall have all rights and remedies under
Florida law to enforce Seller’s obligations under Sections 7.3, 18.1 and 25. This
Section 13.1 shall survive the Close of Escrow and shall not be merged into the closing
documents.

	 	13.2.	 	Defaults by Buyer. If there is any default by Buyer under this
Agreement, following notice to Buyer and seven (7) days, during which period Buyer may
cure the default, Seller may, as its sole remedy, declare this Agreement terminated, in
which case the Deposit then being held by the Escrow Agent shall be paid to Seller as
liquidated damages and each party shall thereupon be relieved of all further
obligations and liabilities, except any which survive termination. The foregoing
notwithstanding, no right to cure shall extend the Closing Date.

In the event this Agreement is terminated due to the default of Buyer hereunder,
Buyer shall, in addition, deliver to Seller, at no cost to Seller, the Due Diligence
Items.

14. Assignment. Buyer may assign any or all of its rights and obligations under this
Agreement to any one or more persons or entities upon notice to Seller provided that Buyer and the
assignee execute an assignment and assumption agreement pursuant to which the assignee expressly
assumes all of Buyer’s obligations under this Agreement. Additionally, Buyer shall have the right,
without assigning this Agreement, to cause Seller to grant title to the Property to up to
thirty-five (35) tenants-in-common (the “Nominees”) in lieu of granting title to the
Property to Buyer, provided that (i) Buyer notifies Seller, in writing, at least five (5) business
days prior to the Closing Date that Buyer wishes to cause Seller to grant title to the Property to
the Nominees, along with the names of the Nominees and any other information reasonably required by
Seller to prepare and complete the Deed, Assignment Agreement and any other closing documents to
reflect the vesting of title to the Property in the Nominees, (ii) there is no additional cost,
liability or expense incurred by Seller in connection therewith, (iii) the Closing Date is not
delayed in connection therewith, and (iv) Buyer agrees to and hereby does indemnify and hold Seller
harmless from and against any and all liability, damage, and cost, including reasonably attorneys’
fees, incurred by Seller by virtue of Seller’s granting of title to the Property to the Nominees.
Seller acknowledges that Buyer shall have the right to assign all of its rights, title and interest
in and to this Agreement.

15. Cooperation with S-X 3-14 Audit. Seller acknowledges that Buyer shall have the
right to assign all of its rights, title and interest in and to this Agreement and that the
assignee may be a publicly registered company (“Registered Company”) promoted by the
Buyer.  The Seller acknowledges that it has been advised that if the Buyer is a Registered Company,
the assignee is required to make certain filings with the Securities and Exchange Commission (the
“SEC Filings”) that related to the most recent pre-acquisition fiscal year and the current
fiscal year through the date of acquisition (the “Audited Year”) for the Property.  To
assist the assignee in preparing the SEC Filings, the Seller agrees to provide the assignee with
the following:

	 	(a)	 	Access to bank statements for the Audited year;

	 	(b)	 	Rent Roll as of the end of the Audited Year;

	 	(c)	 	Operating Statements for the Audited Year;

	 	(d)	 	Access to the general ledger for the Audited Year;

	 	(e)	 	Cash receipts schedule for each month in the Audited Year;

	 	(f)	 	Access to invoice for expenses and capital improvements in the Audited Year;

	 	(g)	 	Accounts payable ledger and accrued expense reconciliations;

	 	(h)	 	Check register for the 3-months following the Audited Year;

	 	(i)	 	Leases and 5-year lease schedules;

	 	(j)	 	Copies of all insurance documentation for the Audited Year;

	 	(k)	 	Copies of accounts receivable aging as of the end of the Audited Year and an
explanation for all accounts over 30 days past due as of the end of the Audited Year;
and

	 	(l)	 	Signed audit representation letter substantially in the form attached hereto as
Exhibit H executed by Seller.

The provisions of this Section 15 shall survive the Close of Escrow.

16. Further Assurances. Each party will, whenever and as often as it shall be
requested to do so by the other party, execute, acknowledge and deliver, or cause to be executed,
acknowledged and delivered any and all such further conveyances, assignments, approvals, consents
and any and all other documents and do any and all other acts as may be necessary to carry out the
intent and purpose of this Agreement, including, without limitation, any acts or documents
necessary or required by Buyer to comply with Chapter 400 of the Florida Statutes, Section 59A-4 of
the Florida Administrative Code and 42 CFR Chapter IV, Part 483 of the Code of Federal Regulations.

17. Interpretation and Applicable Law. This Agreement shall be construed and
interpreted in accordance with the laws of the State where the Real Property is located. Where
required for proper interpretation, words in the singular shall include the plural; the masculine
gender shall include the neuter and the feminine, and vice versa. The terms “successors and
assigns” shall include the heirs, administrators, executors, successors, and assigns, as
applicable, of any party hereto.

18. Mutual Indemnity.

	 	18.1.	 	Indemnification of Buyer. Seller hereby agrees to, and hereby does,
hold Buyer and its agents, employees, consultants, attorneys, representatives, members,
partners, shareholders, successors or assigns (collectively, the “Buyer Indemnified
Parties”) harmless, and agrees to indemnify and defend Buyer and each of the other
Buyer Indemnified Parties, from and against all claims, demands, actions, suits,
liabilities, damages, costs and expenses (including reasonable attorneys’ fees and
court costs) in any manner arising out of, caused by, or related to any liability
arising from the use, occupation, or ownership of the Property prior to the Closing
Date and/or any breach by Seller of any of its covenants, representations or warranties
under this Agreement. The provisions of this Paragraph shall survive the Close of
Escrow or any termination of this Agreement for the Survival Period and shall not be
merged into the closing documents.

	 	18.2.	 	Indemnification of Seller. Buyer hereby agrees to, and hereby does,
hold Seller and its agents, employees, consultants, attorneys, representatives,
members, partners, shareholders, successors or assigns (collectively, the “Seller
Indemnified Parties”) harmless, and agrees to indemnify and defend Seller and each
of the other Seller Indemnified Parties, from and against all claims, demands, actions,
suits, liabilities, damages, costs and expenses (including reasonable attorneys’ fees
and court costs) in any manner arising out of, caused by, or related to any liability
arising from the use, occupation, or ownership of the Property after the Closing Date
and/or any breach by Buyer of any of its covenants, representations or warranties under
this Agreement. The provisions of this Paragraph shall survive the Close of Escrow or
any termination of this Agreement for the Survival Period and shall not be merged into
the closing documents.

19. Amendment. This Agreement may not be modified or amended, except by an agreement
in writing signed by the parties. The parties may waive any of the conditions contained herein or
any of the obligations of the other party hereunder, but any such waiver shall be effective only if
in writing and signed by the party waiving such conditions and obligations.

20. Joint and Several Responsibility and Liability. All entities constituting Seller
under this Agreement shall be jointly and severally responsible for and obligated to perform and
fulfill each and all of the terms, conditions, promises, covenants, and obligations required to be
performed or fulfilled by the Seller hereunder and/or under any and all other documents or
agreements entered into in connection with this Agreement, and shall be jointly and severally
liable and responsible for all damages caused by any breach on the part of any of such entities of
any of such terms, conditions, promises , covenants, and obligations and shall be subject to all
other relief, including but not limited to injunctive relief, which may be appropriate on account
of any such breach or any act or omission of any of such entities.

21. Attorneys’ Fees. In the event it becomes necessary for either party to file a
suit to enforce this Agreement or any provisions contained herein, the prevailing party shall be
entitled to recover, in addition to all other remedies or damages, reasonable attorneys’ fees and
costs of court incurred in such suit.

22. Entire Agreement; Survival. This Agreement (and the items to be furnished in
accordance herewith) constitutes the entire agreement between the parties pertaining to the subject
matter hereof and supersedes all prior and contemporaneous agreements and understandings of the
parties in connection therewith. No representation, warranty, covenant, agreement, or condition
not expressed in this Agreement shall be binding upon the parties hereto nor shall affect or be
effective to interpret, change, or restrict the provisions of this Agreement. The obligations of
the parties hereunder and all other provisions of this Agreement shall survive the Close of Escrow
or earlier termination of this Agreement, except as expressly limited herein.

23. Counterparts. This Agreement may be executed in any number of counterparts, all
of which when taken together shall constitute the entire agreement of the parties.

24. Time is of the Essence; Calculation of Time Periods. Time is of the essence in
this Agreement as to each provision in which time is an element of performance. Unless otherwise
specified, in computing any period of time described herein, the day of the act or event after
which the designated period of time begins to run is not to be included and the last day of the
period so computed is to be included, except that if such last day falls upon a Saturday, Sunday,
or legal holiday under the Federal law or laws of the States of Florida or California, then such
period shall run until the end of the next day that is neither a Saturday, Sunday, or legal holiday
under Federal law or the laws of the States of Florida and California. The last day of any period
of time described herein shall be deemed to end at 11:59 p.m. Los Angeles, California time.

25. Real Estate Commission. Other than Seller’s agreement with Ziegler Capital Markets,
Seller and Buyer each represent and warrant to the other that neither Seller nor Buyer has
contacted or entered into any agreement with any real estate broker, agent, finder or any other
party in connection with this transaction, and that neither party has taken any action which would
result in any real estate broker’s, finder’s or other fees or commissions being due and payable to
any party with respect to the transaction contemplated hereby. Such commission shall be payable
upon the Close of Escrow from the proceeds of the Purchase Price deposited by Buyer. Each party
hereby indemnifies and agrees to hold the other party harmless from any loss, liability, damage,
cost, or expense (including reasonable attorneys’ fees) resulting to the other party by reason of a
breach of the representation and warranty made by such party in this Section. The provisions of
this Section 25 shall survive Close of Escrow and termination of this Agreement.

26. Severability. If any provision of this Agreement, or the application thereof to
any person, place, or circumstance, shall be held by a court of competent jurisdiction to be
invalid, unenforceable or void, the remainder of this Agreement and such provisions as applied to
other persons, places and circumstances shall remain in full force and effect.

27. Exclusivity. Until the Close of Escrow or the date that this Agreement is
terminated, Seller shall not enter into any contract, or enter into or continue any negotiations,
to sell the Property to any person or entity other than Buyer.

28. OFAC. Buyer and Seller each represents to the other that both parties (a) are not
in violation of any Anti-Terrorism Law, (b) are not a Prohibited Person, and (c) are not and will
not (i) conduct any business or engage in any transaction or dealing with any Prohibited Person,
including the making or receiving any contribution of funds, goods or services to or for the
benefit of any Prohibited Person, (ii) deal in, or otherwise engage in any transaction relating to,
any property or interests in property blocked pursuant to Executive Order No. 13224; or
(iii) engage in or conspire to engage in any transaction that evades or avoids, or has the purpose
or intent of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any
Anti-Terrorism Law. The foregoing representations and warranties of Buyer will survive Close of
Escrow.

29. Exhibits. The following exhibits are attached hereto and incorporated herein by
this reference:

	 	 	 	 	 
	29.1.

	 	Exhibit A-1.
	 	Legal Description of the Winter Park Land
	
 
	 	 
	 	

	29.2.

	 	Exhibit A-2.
	 	Legal Description of the Jacksonville Land
	
 
	 	 
	 	

	29.3.

	 	Exhibit A-3.
	 	Legal Description of the Sunrise Land
	
 
	 	 
	 	

	29.4.

	 	Exhibit B.
	 	Schedule of Leases and Security Deposits
	
 
	 	 
	 	

	29.5.

	 	Exhibit C.
	 	Schedule of Contracts
	
 
	 	 
	 	

	29.6.

	 	Exhibit D.
	 	Assignment of Intangible Property
	
 
	 	 
	 	

	29.7.

	 	Exhibit E.
	 	Assignment of Leases
	
 
	 	 
	 	

	29.8.

	 	Exhibit F.
	 	Bill of Sale
	
 
	 	 
	 	

	29.9.

	 	Exhibit G.
	 	Deed
	
 
	 	 
	 	

	29.10.

	 	Exhibit H.
	 	Audit Letter
	
 
	 	 
	 	

	29.11.

	 	Exhibit I.
	 	List of Materials Posted in Data Room
	
 
	 	 
	 	

	29.12.

	 	Exhibit J.
	 	Non-Foreign Affidavit
	
 
	 	 
	 	

	29.13.

	 	Exhibit K.
	 	Tenant Notification Letter
	
 
	 	 
	 	

	29.14.

	 	Exhibit L.
	 	Tenant Estoppel
	
 
	 	 
	 	

	29.15.

	 	Exhibit M.
	 	SNDA
	
 
	 	 
	 	

THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK

1

SIGNATURE PAGE FOR AGREEMENT FOR PURCHASE

AND SALE OF REAL PROPERTY AND ESCROW INSTRUCTIONS

	 	 	 
	TRIPLE NET PROPERTIES, LLC,

a Virginia limited liability company

	 	 HEALTH QUEST REALTY XVII,

an Indiana general partnership

By:
	By: /s/ Jack Maurer

	 	Garatoni Holdings Limited Partnership IV, Partner

By: /s/ Charles M. Loeser
	Name: Jack Maurer

	 	Name: Charles M. Loeser
	Title: Executive Vice President

	 	Title: Attorney in Fact
	Date: August 6, 2007

	 	Date: August 6, 2007
	
 
	 	And
	HEALTH QUEST REALTY XXXV,

an Indiana general partnership

By:

	 	The Garatoni Holdings Management, LLC

By: Garatoni Holdings Irrevocable Trust, Sole

Member
	Garatoni Holdings Limited Partnership IV, Partner

By: /s/ Charles M. Loeser

	 	

By: /s/ Steven L. Garatoni
	Name: Charles M. Loeser

	 	Name: Steven L. Garatoni, Authorized Trustee
	Title: Attorney in Fact

	 	Date: August 6, 2007
	Date: August 6, 2007

	 	

	And

	 	And: Lawrence H. Garatoni and Judith A. Garatoni

Managing Partners
	The Garatoni Holdings Management, LLC

By: Garatoni Holdings Irrevocable Trust, Sole

Member

	 	

By: /s/ Charles M. Loeser
	By: /s/ Steven L. Garatoni

	 	Name: Charles M. Loeser
	Name: Steven L. Garatoni, Authorized Trustee

	 	Title: Attorney in Fact
	Date: August      , 2007

	 	Date: August 3, 2007
	And: Lawrence H. Garatoni and Judith A. Garatoni

Managing Partners

	 	HEALTH QUEST REALTY XXII,

an Indiana general partnership

By:
	By: /s/ Charles M. Loeser

	 	Garatoni Holdings Limited Partnership III, Partner

By: /s/ Charles M. Loeser
	Name: Charles M. Loeser

	 	Name: Charles M. Loeser
	Title: Attorney in Fact

	 	Title: Attorney in Fact
	Date: August 6, 2007

	 	Date: August 6, 2007

And
	
 
	 	The Garatoni Holdings Management, LLC

By: Garatoni Holdings Irrevocable Trust, Sole

Member
	
 
	 	By: /s/ Steven L. Garatoni
	
 
	 	Name: Steven L. Garatoni, Authorized Trustee
	
 
	 	Date: August 6, 2007

ESCROW HOLDER:

The undersigned Escrow Holder accepts the foregoing Agreement for Purchase and Sale of Real
Property and Escrow Instructions and agrees to act as Escrow Agent under this Agreement in strict
accordance with its terms.

First American Title Insurance Company

By: [/s/ David W. Womer]

Name: [David W. Womer]

Title: [Indiana NCS Manager]

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]