Document:

Purchase Sale Agreement

 Exhibit 10.1 
  
 PURCHASE AND SALE AGREEMENT 
  
 5090 North 40th Street,
Phoenix – 5090 Building 
 8900 North 22nd Avenue, Phoenix – Phoenix West I Building 
 333 West Wetmore, Tucson
– Tucson West Building 
  
 ARTICLE 1: PROPERTY/PURCHASE
PRICE 
  

			
	 1.1    Certain Basic Terms.
	 	 
		
	 (a)    Purchaser and Notice Address:
	 	 Transwestern Investment Company,
 707 Wilshire Boulevard,
Suite 4840
 Los Angeles, California 90017
 Attention: Carl L.
Groner
 Telephone(213) 614-2316
 Facsimile:(213)
403-8500

		
	 	 	 Transwestern Investment Company
 150 North Wacker Drive,
Suite 800
 Chicago, Illinois 60606
 Attention: Scott
Drane
 Telephone(312) 499-1981
 Facsimile:(312)
499-1901

		
	 With a copy to:
	 	 Drane, Freyer & Lapins
 Attention: Scott Drane
150
 North Wacker Drive, Suite 600
 Chicago, Illinois
60606
 Telephone:(312) 827-7101
 Facsimile:(312)
827-7111

		
	 With a copy to:
	 	 Michael P. Morrison, Esq.
 Gardner Carton &
Douglas
 191 North Wacker, Suite 3700
 Chicago, Illinois
60606
 Telephone: (312) 569-1238
 Facsimile: (312)
569-3237

		
	 (b)    Seller and Notice Address:
	 	 CARRAMERICA U.S. WEST, LLC, a Delaware
 limited liability
company
 c/o CarrAmerica Realty Corporation
 Attn: Thomas R.
Levy
 1850 K Street, N.W., Suite 500
 Washington, D.C.
20006
 Telephone: 202-729-7525
 Facsimile:
202-729-1060

		
	 With a copy to:
	 	 Mayer, Brown, Rowe & Maw LLP
 Attn: George
Ruhlen
 141 E. Palace Ave.
 Santa Fe, NM 87501
 Telephone: 505-820-8185
 Facsimile: 505-820-7334

			
	 (c)    Date of this Agreement:
	 	 
		
	 (d)    Purchase Price:
	 	$65,000,000
		
	 (e)    Earnest Money:
	 	$1,000,000 (in cash) and any other deposits of earnest money made pursuant to the terms of this Agreement. The definition of “Earnest Money” includes any interest earned
thereon.
		
	 (f)     Due Diligence Period:
	 	The period ending 30 days after the Date of this Agreement.
		
	 (g)    Closing Date:
	 	Five (5) days after the end of the Due Diligence Period. Either party may extend the Closing Date up to two (2) times, in thirty (30) day increments, by giving written notice to the other party
on or before the date that is fifteen (15) days prior to the Closing Date or extended Closing Date, as the case may be; but in no event shall the Closing occur later than September 29, 2005.
		
	 (h)    Title Company and Escrow Agent:
	 	Chicago Title Insurance Company 700 S. Flower St., Suite 920 Los Angeles, California 90017 Attn: Marley Harrill Telephone: 213/488-4348 Facsimile: 213/891-0834
		
	 (i)     Broker:
	 	Cushman & Wakefield

  
 1.2 Property.
Subject to the terms of this Purchase and Sale Agreement (the “Agreement”), Seller agrees to sell to Purchaser, and Purchaser agrees to purchase from Seller, all of Seller’s right, title and interest in and to the following
property (the “Property”): 
  
 (a) The real
property located at 8900 N. 22nd Avenue, Phoenix, Arizona, 333 East Wetmore, Tucson, Arizona and 5090 N.
40th Street, Phoenix, described in Exhibit A, together with the buildings, surface parking, parking
structures and improvements thereon (the “Improvements”), and all appurtenances of the above-described real property(ies), including easements or rights-of-way relating thereto, and, without warranty, all right, title, and interest,
if any, of Seller in and to the land lying within any street or roadway adjoining the real property(ies) described above or any vacated or hereafter vacated street or alley adjoining said real property(ies) (the “Real Property”).

  
 (b) Any and all fixtures, furniture, equipment, and other
tangible personal property, if any, owned by Seller (the “Personal Property”) presently located on the Real Property, but excluding (i) any items of personal property owned by tenants (ii) any items of personal property
owned by Seller or any affiliate of Seller located in the office maintained by Seller or such affiliate at the Property and (iii) if the Personal Property includes computer hardware, any software installed therein. 
  
 (c) All of Seller’s interest, as landlord, in those certain Master
Office Building Leases, each dated as of December 31, 1990, between PREFCO VII Limited Partnership, as Landlord, and. US West Business Resources, Inc. as Tenant, as amended (each a “Master Lease”), covering the Improvements.

  

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 (d) Any and all of the following items, but assignable without warranty (the “Intangible Personal
Property”): (A) licenses, and permits relating to the operation of the Real Property, (B) the right to use the name of the Improvements in connection with the Real Property, but specifically excluding any trademarks, service marks
and trade names of Seller, (C) if still in effect, guaranties and warranties received by Seller from any contractor, manufacturer or other person in connection with the construction or operation of the Property. 
  
 (e) All service contracts, if any, to the extent assignable. 
  
 1.3 Earnest Money. The Earnest Money, in immediately available federal
funds, evidencing Purchaser’s good faith to perform Purchaser’s obligations under this Agreement, shall be deposited by Purchaser with the Escrow Agent not later than two business days after the execution of this Agreement. In the event
that Purchaser fails to timely deposit the Earnest Money with the Escrow Agent, this Agreement shall be of no force and effect. At Closing, the Earnest Money shall be applied to the Purchase Price. Otherwise, the Earnest Money shall be delivered to
the party entitled to receive the Earnest Money in accordance with Article 9 of this Agreement. 
  
 ARTICLE 2: INSPECTIONS 
  
 2.1 Property Information. Seller shall make available to Purchaser within five (5) days after the date of this Agreement the information listed on Exhibit B attached hereto (“Property
Information”), to the extent in Seller’s possession or control. 
  
 Seller’s failure to deliver to Purchaser the Property Information as set forth herein shall not result in the extension of the Due Diligence Period, and Purchaser’s remedies therefor shall be
Purchaser’s right to (i) terminate this Agreement by delivering written notice thereof to Seller within twenty (20) days after date of this Agreement and receive a return of the Earnest Money, in which event neither party shall have
any obligation hereunder except for any obligation which expressly survives any termination of this Agreement pursuant to this Agreement or (ii) to waive receipt of the Property Information and proceed with Closing. 
  
 Seller makes no representations or warranties as to the accuracy or
completeness of the Property Information. The Property Information and all other information, other than matters of public record, furnished to, or obtained through inspection of the Property by, Purchaser, the Purchaser Related Parties (as defined
herein) or Purchaser’s lender, will be treated by Purchaser, the Purchaser Related Parties and Purchaser’s lender as confidential, and will not be disclosed to anyone other than on a need-to-know basis to Purchaser’s consultants who
agree to maintain the confidentiality of such information, and will be returned to Seller by Purchaser if the Closing does not occur. Seller assumes no duty to furnish Purchaser with any other existing information, reports or updates of such
materials. Purchaser hereby waives any and all claims against Seller arising out of the accuracy, completeness, conclusions or statements expressed in materials so furnished, and any and all claims arising out of any duty of Seller to acquire, seek
or obtain such materials. This provision shall survive the Closing or any termination of this Agreement. 
  
 2.2 Inspections. Subject to the provisions of Paragraph 2.3 below, during the Due Diligence Period, Purchaser shall be permitted to make a
complete review and inspection of the physical, legal, economic and environmental condition of the Property, including, without limitation, the Master Lease and contracts affecting the Property, books and records maintained by Seller or its agents
relating to the Property, pest control matters, soil condition, asbestos, PCB, hazardous waste, toxic substance or other environmental matters, compliance with building, health, safety, land use and zoning laws, regulations and orders, plans and
specifications, structural, life safety, HVAC and other building system and engineering characteristics, traffic patterns, and all other information pertaining to the Property. Without representation or warranty, Seller shall cooperate in
Purchaser’s review and provide Purchaser with the opportunity to review the Master Lease, financial reports and other third-party inspection reports and similar materials in Seller’s possession relating to the Property (excluding
appraisals, internal valuations or similar proprietary materials that may be in Seller’s possession). 
  

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 2.3 Conduct of Inspections. 
  
 (a) Inspections in General. During the Due Diligence Period, Purchaser, its agents, and employees shall have the
right to enter upon the Property for the purpose of making non-invasive inspections at Purchaser’s sole risk, cost and expense. Before any such entry, Purchaser shall provide Seller with a certificate of insurance naming Seller as an additional
insured and with an insurer and insurance limits (minimum $5 million) and coverage reasonably satisfactory to Seller. All of such entries upon the Property shall be at reasonable times during normal business hours and after at least 24 hours prior
notice to Seller or Seller’s agent, and Seller or Seller’s agent shall have the right, but not the obligation, to accompany Purchaser during any activities performed by Purchaser on the Property. Purchaser shall not disturb the tenants on
the Property, and Purchaser’s inspection shall be subject to the rights of tenants under their Master Leases. If any inspection or test disturbs the Property, Purchaser will restore the Property to the same condition as existed before the
inspection or test. Purchaser shall indemnify, defend and hold harmless Seller and Seller’s partners and their respective shareholders, directors, officers, affiliates, tenants, agents, contractors, employees, successors and assigns
(“Seller Related Parties”) and the Property from and against any and all losses, costs, damages, claims, or liabilities arising out of or in connection with any entry or inspections performed by Purchaser, its agents or
representatives. This indemnity shall survive the Closing or any termination of this Agreement. 
  
 (b) Environmental Inspections. The inspections under Paragraph 2.2 may include a non-invasive Phase I environmental inspection of the
Property, but no Phase II environmental inspection or other invasive inspection or sampling of soil or materials, including without limitation construction materials, either as part of the Phase I inspection or any other inspection, shall be
performed without the prior written consent of Seller, which may be withheld in its sole and absolute discretion, and if consented to by Seller, the proposed scope of work and the party who will perform the work shall be subject to Seller’s
review and approval. If requested by Seller, Purchaser shall deliver to Seller copies of any Phase II or other environmental report to which Seller consents as provided above, and the results of any other third party tests and inspections of the
Property, excluding only market and economic feasibility studies. 
  
 (c) Contact with Tenants and Governmental Authorities. Except as provided below and without Seller’s prior written consent, Purchaser shall not contact any tenant or governmental authority having jurisdiction over the Property.
At Purchaser’s request, Seller and Purchaser shall schedule tenant interviews at which a representative of Seller may be present. Seller’s consent shall not be required with respect to contacts in connection with a customary and reasonable
Phase I environmental audit, and code and zoning compliance review of the Property except for any face-to-face meetings, for which Seller shall be given at least 2 days prior notice and an opportunity to be present at any such meeting. 

 
 2.4 Termination During Due Diligence Period. If Purchaser
determines, in its sole discretion, before the expiration of the Due Diligence Period that the Property is unacceptable for Purchaser’s purposes, Purchaser shall have the right to terminate this Agreement by giving to Seller notice of
termination before the expiration of the Due Diligence Period, and returning the Property Information to Seller. Seller shall authorize the Escrow Agent to refund the Earnest Money to Purchaser, and neither party shall have any further rights or
liabilities hereunder except for those provisions which survive the termination of this Agreement. 
  
 2.5 Purchaser’s Reliance on its Investigations. Purchaser acknowledges and agrees that (a) the Property is being sold, and Purchaser
accepts possession of the Property on the date of Closing, “AS IS, WHERE IS, WITH ALL FAULTS,” with no right of setoff or reduction in the Purchase Price; (b) except for Seller’s representations and warranties in Paragraph
8.1 (“Seller’s Warranties”), neither Seller nor any Seller Related Party has or shall be deemed to have made any verbal or written representations, warranties, promises or guarantees (whether express, implied, statutory or
otherwise) to Purchaser with respect to the Property, any matter set forth, contained or addressed in the documents delivered to Purchaser in connection with the Property (including, but not limited to, the accuracy and completeness thereof) or the
results of Purchaser’s due diligence; and (c) Purchaser has confirmed independently all information that it considers material to its purchase of the Property or the transaction contemplated hereby. Purchaser specifically acknowledges
that, except for Seller’s Warranties, Purchaser is not relying on (and Seller, for itself and on behalf of the Seller Related Parties, does hereby disclaim and renounce) any representations or warranties of any kind or nature whatsoever,
whether oral or written, express, implied, statutory or otherwise, as to: (1) the operation of the Property or the income potential, uses, or the merchantability, habitability or fitness of any portion of the Property for a particular purpose;
(2) the physical condition of the Property or the condition or safety of the Property or any component thereof, including, but not limited to, 

  

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plumbing, sewer, heating, ventilating and electrical systems, roofing, air conditioning, foundations, soils and geology, including hazardous materials, lot
size, or suitability of the Property or any component thereof for a particular purpose; (3) the presence or absence, location or scope of any hazardous materials in, at, about or under the Property; (4) whether the appliances, if any,
plumbing or utilities are in working order; (5) the habitability or suitability for occupancy of any structure or the quality of its construction; (6) whether the improvements are structurally sound, in good condition, or in compliance
with applicable laws; (7) the accuracy of any statements, calculations or conditions stated or set forth in Seller’s or the Seller Related Parties’ books and records concerning the Property or set forth in any offering materials with
respect to the Property; (8) the dimensions of the Property or the accuracy of any floor plans, square footage, lease abstracts, sketches, or revenue or expense projections related to the Property; (9) the operating performance, the income
and expenses of the Property or the economic status of the Property; (10) the ability of Purchaser to obtain any and all necessary governmental approvals or permits for Purchaser’s intended use and development of the Property; and
(11) the leasing status of the Property or the intentions of any parties with respect to the negotiation and/or execution of any lease for any portion of the Property. Purchaser further acknowledges and agrees that, except for Seller’s
Warranties, Seller is under no duty to make any affirmative disclosures or inquiry regarding any matter which may or may not be known to Seller or the Seller Related Parties, and Purchaser, for itself and for its successors and assigns, hereby
specifically waives and releases Seller and each Seller Related Party from any such duty that otherwise might exist. 
  
 Except for the Seller’s Warranties, Purchaser, for itself and its partners, members, shareholders, directors, officers, affiliates, agents,
contractors, employees, and their respective successors and assigns (“Purchaser Related Parties”), hereby releases Seller and each Seller Related Party from, and waives all claims and liability against Seller and each Seller Related
Party for or attributable to, the following: (a) any and all statements or opinions heretofore or hereafter made, or information furnished, by the Seller or Seller Related Parties to Purchaser or any of the Purchaser Related Parties; and
(b) any and all losses, costs, claims, liabilities, expenses, demands or obligations of any kind or nature whatsoever attributable to the Property, whether arising or accruing before, on or after the date hereof and whether attributable to
events or circumstances which have heretofore or may hereafter occur, including, without limitation, (i) all losses, costs, claims, liabilities, expenses, demands and obligations with respect to the structural, physical, or environmental
condition of the Property; (ii) all losses, costs, claims, liabilities, expenses, demands and obligations relating to the release of or the presence, discovery or removal of any hazardous materials in, at, about or under the Property, or for,
connected with or arising out of any and all claims or causes of action based upon CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act of 1980, 42 U.S.C. §§9601 et seq., as amended by SARA (Superfund Amendment and
Reauthorization Act of 1986) and as may be further amended from time to time), the Resource Conservation and Recovery Act of 1976, 42 U.S.C. §§6901 et seq., or any related claims or causes of action or any other federal, state or municipal
based statutory or regulatory causes of action for environmental contamination at, in, about or under the Property; and (iii) any tort claims made or brought with respect to the Property or the use or operation thereof. 
  
  

 Purchaser’s Initials 
  
 The provisions of this Paragraph 2.5 shall survive indefinitely the Closing or termination of this Agreement and shall not be merged into the closing documents. 
  
 ARTICLE 3: TITLE AND SURVEY REVIEW 
  
 3.1 Title Review. During the Due Diligence Period, Purchaser shall
review: the title commitment(s) or preliminary report(s) made available by Seller and the existing survey (“Title and Survey Reports”) issued by the Title Company and prepared by the surveys with respect to the Property; documents
and information pertaining to the exceptions to title listed in the Title Report; and Seller’s existing survey(s) with respect to the Property. Purchaser may, at its expense, secure during the Due Diligence Period any additional title
commitment(s) or report(s) or survey update(s) desired by Purchaser. Purchaser shall have the right to request that the Title Company provide at Purchaser’s sole cost and expense any reinsurance or endorsements Purchaser shall request, provided
that the issuance of such reinsurance or endorsements shall not be a condition to or delay the Closing. 
  

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 3.2 Title and Survey Objections. Purchaser may advise Seller in writing and in reasonable detail,
not later than 10 days prior to the expiration of the Due Diligence Period, what exceptions or survey irregularities, if any, are not acceptable to Purchaser (the “Title and Survey Objections”). Any such exceptions or irregularities
not so objected to by Purchaser, shall be deemed approved. Seller shall have 5 days after receipt of Purchaser’s Title and Survey Objections to give Purchaser notice that (a) Seller will remove any Title and Survey Objections from title
(or, cause the Title Company to insure over such exceptions) or (b) Seller elects not to cause such exceptions to be removed or insured over. Seller’s failure to provide notice to Purchaser as to any Title and Survey Objections shall be
deemed an election by Seller not to remove the Title and Survey Objections. If Seller so notifies or is deemed to have notified that Seller will not remove or insure over any or all of the Title and Survey Objections, Purchaser shall have until the
expiration of the Due Diligence Period to determine whether (i) to proceed with the purchase and take the Property subject to such exceptions, which exceptions shall be deemed approved, or (ii) to terminate this Agreement and receive a
refund of the Earnest Money, as Purchaser’s sole and exclusive remedy. Purchaser’s failure to give Seller notice shall be deemed to be an election by Purchaser under clause (i). 
  
 3.3 Removal of Liens; Affidavits. Seller shall have no obligation to remove any exceptions to title other than those
pertaining to real estate taxes lawfully assessed and owed by Seller, mortgages of record made or assumed by Seller and monetary liens filed as a result of work performed on the real property at the direction of Seller. Seller shall have no
obligation to execute any affidavits or indemnifications in connection with the issuance of Purchaser’s title insurance policy, excepting only (i) affidavits in form satisfactory to Seller as to authority, the rights of tenants in
occupancy and the status of mechanics’ liens, and (ii) any assurances that Seller has agreed in writing to give to the Title Company to cure any Title and Survey Objections that it has elected to cure in accordance with Paragraph
3.2. 
  
 3.4 Permitted Exceptions. The term
“Permitted Exceptions” means those specific exceptions or other matters disclosed in the Title and Survey Reports as modified and updated as of the end of the Due Diligence Period other than those that Seller is required to remove,
or has agreed to remove, all liens for not yet delinquent for real property and personal property taxes and for general and special assessments against the Property; building and zoning ordinances and regulations and any other laws, ordinances, or
governmental regulations restricting, regulating or relating to the use, occupancy or enjoyment of the Property, the rights of the Tenant as under the Master Leases and the subtenants under subleases, as tenants only with no rights or options to
purchase the Property; an easement agreement with adjacent owner for shared driveway improvements and related encroachments to be provided to Purchaser and recorded by Seller prior to the expiration of the Due Diligence Period and, the standard
printed exceptions, as modified or deleted in the Title Policy to the extent the Title Company agreed to do so during the Due Diligence Period. 
  
 ARTICLE 4: OPERATIONS AND RISK OF LOSS 
  
 4.1 Ongoing Operations. During the pendency of this Agreement, Seller shall carry on its business and activities relating to the Property
substantially in the same manner as it did before the date of this Agreement. 
  
 4.2 New Contracts. During the pendency of this Agreement, Seller will not enter into any contract or lease that will be an obligation affecting the Property subsequent to the Closing, except contracts entered
into in the ordinary course of business that are terminable without cause on not more than 30-days’ notice, without the prior consent of the Purchaser, which shall not be unreasonably withheld or delayed. 
  
 4.3 Leasing Arrangements. Seller will not amend, terminate or waive
any default under the Master Lease without Purchaser’s prior written consent in each instance. 
  
 4.4 Damage or Condemnation. Risk of loss resulting from any condemnation or eminent domain proceeding which is commenced or has been threatened
before the Closing, and risk of loss to the Property due to fire, flood or any other cause before the Closing, shall remain with Seller. If before the Closing the Property shall be 

  

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materially damaged, or if the Property or any material portion thereof shall be subjected to a bona fide threat of condemnation or shall become the subject
of any proceedings, judicial, administrative or otherwise, with respect to the taking by eminent domain or condemnation, then Purchaser may terminate this Agreement by written notice to Seller given within 5 days after Purchaser learns of the damage
or taking, in which event the Earnest Money shall be returned to Purchaser. If the Closing Date is within the aforesaid 5-day period, then Closing shall be extended to the next business day following the end of said 5-day period. If no such election
is made, and in any event if the damage or loss is not material, this Agreement shall remain in full force and effect and the purchase contemplated herein, less any interest taken by eminent domain or condemnation, shall be effected with no further
adjustment, and upon the Closing of this purchase, Seller shall assign, transfer and set over to Purchaser all of the right, title and interest of Seller in and to any awards that have been or that may thereafter be made for such taking, and Seller
shall assign, transfer and set over to Purchaser any insurance proceeds not applied to the repair of the Property prior to Closing that may thereafter be made for such damage or destruction, and, if an insured casualty, Seller shall pay or credit to
Purchaser the amount of any deductible (but not to exceed the amount of the loss). For the purposes of this paragraph, the phrases “material damage” and “materially damaged” means damage reasonably exceeding 10
percent of the Purchase Price to repair. 
  
 ARTICLE 5:
CONDITIONS PRECEDENT 
  
 5.1 Purchaser’s
Conditions. Notwithstanding anything in this Agreement to the contrary, Purchaser’s obligation to purchase the Property shall be subject to and contingent upon the satisfaction or waiver of the following conditions precedent: 
  
 (a) Performance. Seller’s performance or tender of performance
of all its material obligations under this Agreement and the material truth and accuracy of Seller’s express representations and warranties in this Agreement as of the Closing Date, unless such representations and warranties have changed by
reason of facts or circumstances which pursuant to the terms of this Agreement are permitted to have occurred, and subject to Paragraph 9.3(b) below. 
  
 (b) Master Lease Estoppel Certificate. By no later than five (5) days after the Date of this Agreement, Seller shall deliver a mutually
agreeable form of estoppel certificates to the Tenant for execution by the Tenant with respect to the Master Leases and by the subtenants with respect to their respective sublease. Seller shall endeavor to secure and deliver to Purchaser by the
Closing Date an estoppel certificate signed by the Tenant for each of the Master Leases that is consistent in all material respects with the information in the rent roll delivered with the Property Information (the “Rent Roll”) and
substantially in such form or containing such information as may be required under the Master Lease, and shall request the Tenant to obtain executed estoppel certificates from the subtenants under the six largest subleases. It shall be a condition
to Purchaser’s obligation to close that on or before the Closing Date Purchaser receives an estoppel certificate for each Master Lease that meets the foregoing requirements. 
  
 (c) Seller Conditions. Notwithstanding anything in this Agreement to the contrary, Seller’s obligation to sell
the Property shall be subject to and contingent upon the satisfaction or waiver of the following conditions precedent: 
  
 (d) Performance. Purchaser’s performance or tender of performance of all its material obligations under this Agreement and the material truth
and accuracy of Purchaser’s express representations and warranties in this Agreement as of the Closing Date. 
  
 5.2 Failure or Waiver of Conditions Precedent. In the event any of the conditions set forth in Paragraphs 5.1 or 5.2 are not
fulfilled or waived, the party benefited by such conditions may, by written notice to the other party and after giving the other party ten (10) days in which to cure any failure of such condition, terminate this Agreement, whereupon all rights
and obligations hereunder of each party shall be at an end except those that expressly survive any termination. Either party may, at its election, at any time on or before the date specified for the satisfaction of the condition, waive in writing
the benefit of any of the conditions set forth in Paragraphs 5.1 and 

  

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5.2 above. In the event this Agreement is terminated as a result of any condition set forth in Paragraph 5.1, Purchaser shall be entitled to a
refund of the Earnest Money, unless Purchaser is in default, in which case Section 9.1 shall apply. In any event, Purchaser’s consent to the close of escrow pursuant to this Agreement shall waive any remaining unfulfilled
conditions, and any liability on the part of Seller for breaches of representations, warranties and covenants of which Purchaser had knowledge as of the Closing. 
  
 ARTICLE 6: CLOSING 
  
 6.1 Closing. The consummation of the transaction contemplated herein (“Closing”) shall occur on the Closing Date through the
Escrow Agent. Upon completion of the deliveries pursuant to Paragraphs 6.2 and 6.3, satisfaction of the other conditions to Closing herein set forth and performance by each party of its obligations required to be performed prior to or
at the Closing, the parties shall direct the Escrow Agent to make such deliveries and disbursements according to the terms of this Agreement. 
  
 6.2 Seller’s Deliveries in Escrow. On or before the Closing Date (as the same may be extended as provided herein), Seller shall deliver in
escrow to the Escrow Agent the following: 
  
 (a) Deed. A
limited warranty deed (the “Deed”) in the form attached hereto as Exhibit C, conveying to Purchaser (or its affiliate designated pursuant to Section 11.21) Seller’s title to the Property, subject to the Permitted
Exceptions. 
  
 (b) Assignment of Master Lease and Contracts
and Bill of Sale. Assignment(s) of Master Lease, Contracts and Bill of Sale in the form of Exhibit D attached hereto, executed by Seller; 
  
 (c) State Law Disclosures. Such disclosures and reports as are required by applicable state and local law in connection with the conveyance of real
property; 
  
 (d) FIRPTA. Foreign Investment in Real
Property Tax Act affidavit(s) executed by Seller; and 
  
 (e)
Additional Documents. Any additional documents that Escrow Agent or the Title Company may reasonably require for the proper consummation of the transaction contemplated by this Agreement. 
  
 6.3 Purchaser’s Deliveries in Escrow. On or before the Closing
Date, Purchaser shall deliver in escrow to the Escrow Agent the following: 
  
 (a) Purchase Price. The Purchase Price, less the Earnest Money that is applied to the Purchase Price, plus or minus applicable prorations, deposited by Purchaser with the Escrow Agent in immediate, same-day
federal funds wired for credit into the Escrow Agent’s escrow account; 
  
 (b) Assignment of Master Lease and Contracts and Bill of Sale. Assignment(s) of Master Lease and Contracts and Bill of Sale in form of Exhibit D attached hereto, executed by Purchaser; 
  
 (c) Assignment of Service Contracts. 
  
 (d) State Law Disclosures. Such disclosures and reports as are
required by applicable state and local law in connection with the conveyance of real property; and 
  
 (e) Additional Documents. Any additional documents that Escrow Agent or the Title Company may reasonably require for the proper consummation of the
transaction contemplated by this Agreement. 
  
 6.4 Closing
Statements/Escrow Fees. At the Closing, Seller and Purchaser shall deposit with the Escrow Agent executed closing statements consistent with this Agreement in the form required by the Escrow Agent. 
  

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 6.5 Possession. Seller shall deliver possession of the Property to Purchaser at the Closing,
subject to the Master Leases. 
  
 6.6 Post-Closing
Deliveries. Immediately after the Closing, Seller shall deliver the following, to the extent in Seller’s possession or control, to the offices of Purchaser’s property manager: the original Master Lease; copies or originals of all
contracts, receipts for deposits, and unpaid bills; all keys, if any, used in the operation of the Property; and any “as-built” plans and specifications of the Improvements. 
  
 6.7 Notice to Tenant. Seller and Purchaser shall execute at Closing, and deliver to the Tenant immediately after the
Closing, a notice regarding the sale in substantially in the form of Exhibit E attached hereto, or such other form as may be required by applicable state law, and sufficient to relieve Seller from liability for the security deposits. 
  
 6.8 Closing Costs. At Closing, Purchaser shall pay the cost of any
title policy (except for the base coverage portion of the premium), the cost of any survey prepared on behalf of Seller, one-half of any escrow fees and all costs of recording. In addition, if the closing occurs, Purchaser shall at Closing reimburse
Seller for one half (1/2) of the cost of updating Seller’s existing survey in May, 2005. At Closing, Seller shall pay documentary and transfer taxes, the cost of the portion of the premium applicable to base coverage up to the amount of
the Purchase Price for any title policy and one-half of any escrow fees. 
  
 6.9 Close of Escrow. Upon satisfaction or completion of the foregoing conditions and deliveries, the parties shall direct the Escrow Agent to immediately record and deliver the documents described above to the
appropriate parties and make disbursements according to the closing statements executed by Seller and Purchaser. 
  
 ARTICLE 7: PRORATIONS 
  
 Prorations and adjustments with respect to each Property shall be made as of the Closing Date with respect to such Property as set forth in this Article 7. 
  
 7.1 Prorations. If the Purchase Price is received by Seller’s
depository bank in time to credit to Seller’s account on the Closing Date, the day of Closing shall belong to Purchaser and all prorations hereinafter provided to be made as of the Closing shall each be made as of the end of the day before the
Closing Date. If the cash portion of the Purchase Price is not so received by Seller’s depository bank on the Closing Date, then the day of Closing shall belong to Seller and such proration shall be made as of the end of the day that is the
Closing Date. In each such proration set forth below, the portion thereof applicable to periods beginning as of Closing shall be credited to Purchaser or charged to Purchaser as applicable and the portion thereof applicable to periods ending as of
Closing shall be credited to Seller or charged to Seller as applicable. 
  
 7.2 Base Rent. The tenant under the Master Lease remits to Seller monthly installments of rent according to a rental schedule (“Monthly Base Rent”) and pays operating expenses, including real estate taxes, directly
to the applicable payee or taxing authority, as applicable. Monthly Base Rent in effect on the Closing Date shall be prorated as of the Closing. Any prepaid Monthly Base Rent for the period following the Closing Date shall be paid over by Seller to
Purchaser. Operating expenses and taxes are paid directly by the tenant under the Master Lease, and there shall be no proration of those items. Purchaser agrees to look solely to the tenant under the Master Lease, not Seller, for payment of such
expenses. 
  
 7.3 Utility Deposits. Purchaser shall be
responsible for making any deposits required with utility companies. 
  
 7.4 Sale Commissions. Seller and Purchaser represent and warrant each to the other that they have not dealt with any real estate broker, sales person or finder in connection with this transaction other than Broker. If this
transaction is closed, Seller shall pay Broker in accordance with their separate agreement. Broker is an independent contractor and is not authorized to make any agreement or representation on behalf of either party. Except as 

  

 9 

 
expressly set forth above, if any claim is made for Broker’s or finder’s fees or commissions in connection with the negotiation, execution or
consummation of this Agreement or the transactions contemplated hereby, each party shall defend, indemnify and hold harmless the other party from and against any such claim based upon any purported or actual statement, representation or agreement of
such party. The foregoing indemnity shall survive the Closing or any earlier termination of this Agreement. 
  
 7.5 Survival. The provisions of this Article 7 shall survive the Closing. 
  
 ARTICLE 8: REPRESENTATIONS AND WARRANTIES 
  
 8.1 Seller’s Representations and Warranties. As a material inducement to Purchaser to execute this Agreement and
consummate this transaction, Seller represents and warrants to Purchaser that: 
  
 (a) Organization and Authority. Seller has been duly organized and is validly existing as a Delaware limited liability company and is in good standing in the State of Delaware. Seller’s designee that will
be formed to take title to the Property will be in good standing in the state of formation and will be qualified to do business in the state in which the Property is located. Seller has the full right and authority and has obtained any and all
consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and
properly executed and constitutes, or will constitute, as appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms. 
  

(b) Conflicts and Pending Action. There is no agreement to which Seller is a party or, to Seller’s knowledge binding on Seller which is in
conflict with this Agreement. To Seller’s knowledge, there is no action or proceeding pending or threatened in writing against Seller or the Property, including condemnation proceedings, which challenges or impairs Seller’s ability to
execute or perform its obligations under this Agreement. 
  
 (c)
Master Lease. To Seller’s knowledge, no monetary or material nonmonetary default or breach exists on the part of the Tenant under the Master Lease. Seller has not received any notice of any monetary or material nonmonetary default of
breach on the part of the Seller under the Master Lease, nor, to the best of Seller’s knowledge, does there exist any such default or breach on the part of the landlord 
  
 “Seller’s knowledge” as used in this Agreement means the current actual knowledge of Laura Quinting, without
any duty of inquiry or investigation. 
  
 8.2 Purchaser’s
Representations and Warranties. As a material inducement to Seller to execute this Agreement and consummate this transaction, Purchaser represents and warrants to Seller that: 
  
 (a) Organization and Authority. Purchaser has been duly organized and is validly existing as a Delaware limited
liability company, in good standing in the State of Arizona and is qualified to do business in the state in which the Property is located. This Agreement has been, and all of the documents to be delivered by Purchaser at the Closing will be,
authorized and properly executed and constitutes, or will constitute, as appropriate, the valid and binding obligation of Purchaser, enforceable in accordance with their terms. 
  
 (b) Conflicts and Pending Action. There is no agreement to which Purchaser is a party or to Purchaser’s
knowledge binding on Purchaser which is in conflict with this Agreement. There is no action or proceeding pending or, to Purchaser’s knowledge, threatened against Purchaser which challenges or impairs Purchaser’s ability to execute or
perform its obligations under this Agreement. 
  
 (c)
ERISA. Purchaser does not hold the assets of any employee benefit plan within the meaning of 29 CFR 2501.3-101(a)(2). 
  

 10 

 ARTICLE 9: DEFAULT AND DAMAGES 
  
 9.1 Default by Purchaser. IF ALL OF THE CONDITIONS TO PURCHASER’S OBLIGATION TO PURCHASE THE PROPERTY HAVE BEEN
SATISFIED OR WAIVED IN WRITING BY PURCHASER AND IF PURCHASER SHOULD FAIL TO CONSUMMATE THIS TRANSACTION FOR ANY REASON OTHER THAN SELLER’S DEFAULT, FAILURE OF A CONDITION TO PURCHASER’S OBLIGATION TO CLOSE, OR THE EXERCISE BY PURCHASER OF
AN EXPRESS RIGHT OF TERMINATION GRANTED HEREIN, SELLER’S SOLE REMEDY IN SUCH EVENT SHALL BE TO TERMINATE THIS AGREEMENT AND TO RETAIN THE EARNEST MONEY AS LIQUIDATED DAMAGES, SELLER WAIVING ALL OTHER RIGHTS OR REMEDIES IN THE EVENT OF SUCH
DEFAULT BY PURCHASER. THE PARTIES ACKNOWLEDGE THAT SELLER’S ACTUAL DAMAGES IN THE EVENT OF A DEFAULT BY PURCHASER UNDER THIS AGREEMENT WILL BE DIFFICULT TO ASCERTAIN, AND THAT SUCH LIQUIDATED DAMAGES REPRESENT THE PARTIES’ BEST ESTIMATE OF
SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS PARAGRAPH 9.1, SELLER AND PURCHASER AGREE THAT THIS LIQUIDATED DAMAGES PROVISION IS NOT INTENDED AND SHOULD NOT BE DEEMED OR CONSTRUED TO LIMIT IN ANY WAY PURCHASER’S
INDEMNITY OBLIGATIONS UNDER PARAGRAPHS 2.3(a) AND 7.5. 
  

			
	  

	  	  

	 Seller’s initials
	  	Purchaser’s initials

  
 9.2 Default by
Seller. If prior to Closing Seller defaults under this Agreement, Purchaser’s sole remedy shall be to elect one of the following: (a) to terminate this Agreement, in which event Purchaser shall be entitled to the return by the Escrow
Agent to Purchaser of the Earnest Money, or (b) to bring a suit for specific performance provided that any suit for specific performance must be brought within 45 days of Seller’s default, to the extent permitted by law, Purchaser waiving
the right to bring suit at any later date. As a condition precedent to any suit for specific performance, Purchaser must have tendered all of its deliveries on or before the Closing Date, including the Purchase Price. Purchaser hereby waives any
other rights or remedies, including, without limitation, the right to seek money damages, except as provided in Paragraph 9.3(a) below. In no event shall Seller be liable to Purchaser for any punitive, speculative or consequential damages.
This Agreement confers no present right, title or interest in the Property to Purchaser and Purchaser agrees not to file a lis pendens or other similar notice against the Property except in connection with, and after, the filing of a suit for
specific performance. 
  
 9.3 Limitations. 
  
 (a) Limitation Period. The representations and warranties of Seller,
and any covenants and indemnities of Seller which expressly survive the Closing, contained in this Agreement and in any document executed by Seller pursuant to this Agreement shall survive Purchaser’s purchase of the Property only for a period
commencing on the Closing Date and ending one (1) year after the Closing Date (the “Limitation Period”). Seller’s liability for breach of any such covenant, indemnity, representation or warranty with respect to the
Property shall be limited to claims in excess of an aggregate $100,000 and Seller shall be liable only to the extent that such aggregate exceeds such figure. Seller’s aggregate liability for claims arising out of such covenants, indemnities,
representations and warranties with respect to the Property shall not exceed $1,500,000. Purchaser shall provide written notice to Seller prior to the expiration of the Limitation Period of any alleged breach of such covenants, indemnities,
warranties or representations and shall allow Seller 30 days within which to cure such breach, or, if such breach cannot reasonably be cured within 30 days, an additional reasonable time period, so long as such cure has been commenced within such 30
days and is being diligently pursued. If Seller fails to cure such breach after written notice and within such cure period, Purchaser’s sole remedy shall be an action at law for actual damages as a consequence thereof, which must be commenced,
if at all, within the Limitation Period; provided, however, that if within the Limitation Period Purchaser gives Seller written notice of such a breach and Seller notifies Purchaser of Seller’s commencement of a cure, commences to cure and
thereafter terminates such cure effort, Purchaser shall have an additional 30 days from the date of such termination within which to commence an action at law for damages as a consequence of Seller’s failure to cure. The Limitation Period
referred to herein shall apply to known as well as unknown breaches of such covenants, indemnities, warranties or representations. Purchaser’s waiver and release set forth in Paragraph 2.5 shall apply fully to liabilities under such
covenants, indemnitees, representations and warranties and is hereby incorporated by this reference. Purchaser specifically acknowledges that such 

  

 11 

 
termination of liability represents a material element of the consideration to Seller. The limitation as to Seller’s liability in this Paragraph
9.4(a) does not apply to Seller’s liability with respect to prorations and adjustments under Article 7. 
  
 ARTICLE 10: EARNEST MONEY PROVISIONS 
  
 10.1 Investment and Use of Funds. The Escrow Agent shall invest the Earnest Money in government insured interest-bearing accounts satisfactory to
Purchaser and Seller, shall not commingle the Earnest Money with any funds of the Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. If the Closing under this Agreement occurs, the
Escrow Agent shall apply the Earnest Money to the Purchase Price on the Closing Date. 
  
 10.2 Termination. Except as otherwise expressly provided herein, upon not less than 5 business days’ prior written notice to the Escrow Agent and the other party, Escrow Agent shall deliver the Earnest
Money to the party requesting the same; provided, however, that if the other party shall, within said 5 business day period, deliver to the requesting party and the Escrow Agent a written notice that it disputes the claim to the Earnest Money,
Escrow Agent shall retain the Earnest Money until it receives written instructions executed by both Seller and Purchaser as to the disposition and disbursement of the Earnest Money, or until ordered by final court order, decree or judgment, which is
not subject to appeal, to deliver the Earnest Money to a particular party, in which event the Earnest Money shall be delivered in accordance with such notice, instruction, order, decree or judgment. 
  
 10.3 Interpleader. Seller and Purchaser mutually agree that in the
event of any controversy regarding the Earnest Money, unless mutual written instructions are received by the Escrow Agent directing the Earnest Money’s disposition, the Escrow Agent shall not take any action, but instead shall await the
disposition of any proceeding relating to the Earnest Money or, at the Escrow Agent’s option, the Escrow Agent may interplead all parties and deposit the Earnest Money with a court of competent jurisdiction in which event the Escrow Agent may
recover all of its court costs and reasonable attorneys’ fees. Seller or Purchaser, whichever loses in any such interpleader action, shall be solely obligated to pay such costs and fees of the Escrow Agent, as well as the reasonable
attorneys’ fees of the prevailing party in accordance with the other provisions of this Agreement. 
  
 10.4 Liability of Escrow Agent. The parties acknowledge that the Escrow Agent is acting solely as a stakeholder at their request and for their
convenience, that the Escrow Agent shall not be deemed to be the agent of either of the parties, and that the Escrow Agent shall not be liable to either of the parties for any action or omission on its part taken or made in good faith, and not in
disregard of this Agreement, but shall be liable for its negligent acts and for any loss, cost or expense incurred by Seller or Purchaser resulting from the Escrow Agent’s mistake of law respecting the Escrow Agent’s scope or nature of its
duties. Seller and Purchaser shall jointly and severally indemnify and hold the Escrow Agent harmless from and against all costs, claims and expenses, including reasonable attorneys’ fees, incurred in connection with the performance of the
Escrow Agent’s duties hereunder, except with respect to actions or omissions taken or made by the Escrow Agent in bad faith, in disregard of this Agreement or involving negligence on the part of the Escrow Agent. 
  
 ARTICLE 11: MISCELLANEOUS 
  
 11.1 Parties Bound. Purchaser may not assign this Agreement without
the prior written consent of Seller, and any such prohibited assignment shall be void. Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the respective legal representatives, successors, assigns, heirs, and
devisees of the parties. 
  
 11.2 Confidentiality; Press
Release. Until the Closing, neither Seller nor Purchaser will release or cause or permit to be released any press notices, or publicity (oral or written) or advertising promotion relating to, or otherwise announce or disclose or cause or permit
to be announced or disclosed, in any manner whatsoever, the 

  

 12 

 
terms, conditions or substance of this Agreement without first obtaining the written consent of the other party. The foregoing shall not preclude either
party from discussing the substance or any relevant details of such transactions with any of its attorneys, accountants, professional consultants, lenders, partners, investors, or any prospective lender, partner or investor, as the case may be, or
prevent either party hereto, from complying with laws, rules, regulations and court orders, including without limitation, governmental regulatory, disclosure, tax and reporting requirements. Any party to this transaction (and each employee, agent or
representative of the foregoing) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the transaction and all materials of any kind (including opinions or other tax analyses) that are provided
to them relating to such tax treatment and tax structure except to the extent maintaining such confidentiality is necessary to comply with any applicable federal or state securities laws. The authorization in the preceding sentence is not intended
to permit disclosure of any other information unrelated to the tax treatment and tax structure of the transaction including (without limitation) (i) any portion of the transaction documents or related materials to the extent not related to the
tax treatment or tax structure of the transaction, (ii) the existence or status of any negotiations unrelated to the tax issues, or (iii) any other term or detail not relevant to the tax treatment or the tax structure of the transaction.
In addition to any other remedies available to a party, each party shall have the right to seek equitable relief, including without limitation injunctive relief or specific performance, against the other party in order to enforce the provisions of
this Paragraph 11.2. 
  
 11.3 Headings. The
article and paragraph headings of this Agreement are for convenience only and in no way limit or enlarge the scope or meaning of the language hereof. 
  
 11.4 Invalidity and Waiver. If any portion of this Agreement is held invalid or inoperative, then so far as is reasonable and possible the
remainder of this Agreement shall be deemed valid and operative, and effect shall be given to the intent manifested by the portion held invalid or inoperative. The failure by either party to enforce against the other any term or provision of
this Agreement shall not be deemed to be a waiver of such party’s right to enforce against the other party the same or any other such term or provision in the future. 
  
 11.5 Governing Law. This Agreement shall, in all respects, be governed, construed, applied, and enforced in
accordance with the law of the state in which the Property is located. 
  
 11.6 No Third Party Beneficiary. This Agreement is not intended to give or confer any benefits, rights, privileges, claims, actions, or remedies to any person or entity as a third party beneficiary, decree, or otherwise. 

 
 11.7 Entirety and Amendments. This Agreement embodies the entire
agreement between the parties and supersedes all prior agreements and understandings relating to the Property except for any confidentiality agreement binding on Purchaser, which shall not be superseded by this Agreement. This Agreement may be
amended or supplemented only by an instrument in writing executed by the party against whom enforcement is sought. 
  
 11.8 Time of the Essence. Time is of the essence in the performance of this Agreement. 
  
 11.9 Attorneys’ Fees. Should either party employ attorneys to
enforce any of the provisions hereof, the party against whom any final judgment is entered agrees to pay the prevailing party all reasonable costs, charges, and expenses, including attorneys’ fees, expended or incurred in connection therewith.

  
 11.10 Notices. All notices required or permitted
hereunder shall be in writing and shall be served on the parties at the addresses set forth in Paragraph 1.1. Any such notices shall be either (a) sent by overnight delivery using a nationally recognized overnight courier, in which case
notice shall be deemed delivered one business day after deposit with such courier, (b) sent by facsimile, with written confirmation by overnight or first class mail, in which case notice shall be deemed delivered upon receipt of confirmation of
transmission of such facsimile notice, or (c) sent by personal delivery, in which case notice shall be deemed delivered upon receipt. Any notice sent by facsimile or personal delivery and delivered after 5:00 p.m., Pacific Standard Time, shall
be deemed received on the next business day. A party’s address may be changed by written notice to the other party; provided, however, that no notice of a change of address shall be effective until actual receipt of such notice. Copies of
notices are for informational purposes only, and a failure to give or receive copies of any notice shall not be deemed a failure to give notice. 
  

 13 

 11.11 Construction. The parties acknowledge that the parties and their counsel have reviewed and
revised this Agreement and that the normal rule of construction — to the effect that any ambiguities are to be resolved against the drafting party — shall not be employed in the interpretation of this Agreement or any exhibits or
amendments hereto. 
  
 11.12 Calculation of Time Periods.
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,
unless such last day is a Saturday, Sunday or legal holiday for national banks in the location where the Property is located, in which event the period shall run until the end of the next day which is neither a Saturday, Sunday, or legal holiday.
The last day of any period of time described herein shall be deemed to end at 5:00 p.m., Pacific Standard Time. 
  
 11.13 Execution in Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, and
all of such counterparts shall constitute one Agreement. To facilitate execution of this Agreement, the parties may execute and exchange by telephone facsimile counterparts of the signature pages. 
  
 11.14 Section 1031 Exchange. Seller or Purchaser may consummate
the sale of the Property as part of a so-called like-kind exchange (the “Exchange”) pursuant to Section 1031 of the Internal Revenue Code of 1986, as amended. Should either party elect to consummate an Exchange it shall be
conditioned upon: (a) all costs, fees, and expenses attendant to the Exchange being the sole responsibility of the party electing the Exchange; (b) the Closing not being delayed or affected by reason of the Exchange; (c) the
consummation or accomplishment of the Exchange not being a condition precedent or condition subsequent to either party’s obligations and covenants under this Agreement; (d) Purchaser not being required to acquire or hold title to any real
property other than the Property for purposes of consummating the Exchange; and (e) the party not electing the Exchange shall have the right to review and approve (with such approval not to be unreasonably withheld) all documents it is
requested to execute in connection with the Exchange. 
  
 11.15
Merger. Except as otherwise expressly provided in this Agreement, any and all rights of action of Purchaser for any breach by Seller of any representation, warranty or covenant contained in this Agreement shall merge with the Deed and other
instruments executed at Closing, shall terminate at Closing and shall not survive the Closing. 
  
 11.16 WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY. 
  
 11.17 Interview Subtenants. At
any time during normal business hours prior to the Closing, Seller shall permit Purchaser to interview any and all subtenants who derive possessory rights from the Master Lease, subject the rights of the Tenant under the Master Lease. Purchaser
shall give Seller at least five (5) days prior notice of any such interview, and Seller shall have the right to attend the interview. 
  
 11.18 Assignment and Designator. Purchaser shall have the right to assign its rights and obligations under this Agreement to an affiliate of
Purchaser. In addition, Purchaser shall have the right to designate a grantee for all or any part of this Property. Any assignment or designation must be received by Seller no less than five (5) days prior to the Closing. 
  
 [Signature Page Follows] 
  

 14 

 SIGNATURE PAGE TO 
 PURCHASE AND SALE AGREEMENT 
 BY AND BETWEEN 
 CARRAMERICA U.S. WEST, LLC 
 AND 
 TRANSWESTERN INVESTMENT COMPANY 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year written below. 
  

											
	 Seller:

	
	 CARRAMERICA U.S. WEST, LLC,
 a Delaware
limited liability company

		
	 By:
	 	 CarrAmerica Realty L.P.,
 a Delaware limited
partnership, its sole member,

			
	 	 	By:	 	 CarrAmerica Realty GP Holdings, LLC,
 a
Delaware limited liability company, its general partner,

				
	 	 	 	 	By:	 	CarrAmerica Realty Operating Partnership L.P., a Delaware limited partnership, its sole member,
					
	 	 	 	 	 	 	By:	 	 CarrAmerica Realty Corporation,
 a Maryland
corporation, its general partner,

						
	 	 	 	 	 	 	 	 	By:	 	 /s/ Thomas Levy

	 	 	 	 	 	 	 	 	Its:	 	Seller

  

			
	 Purchaser:

	
	TRANSWESTERN INVESTMENT COMPANY, a Delaware limited liability company
		
	 By:
	 	 /s/ Robert Ruffatto

	 Its:
	 	Managing Director

  

 15 

 JOINDER OF ESCROW AGENT 
  
 Escrow Agent has executed this Agreement in order to confirm that Escrow Agent has received and shall hold the Earnest Money
in escrow, and shall disburse the Earnest Money pursuant to the provisions of Article 10 hereof. 
  

					
	 	 	CHICAGO TITLE INSURANCE COMPANY
			
	 	 	By:	 	 /s/ Scott M .Green

	 	 	Name:	 	Scott M. Green
	 Date: 7/18/2005
	 	Title:	 	VP Associate Regional Counsel

  
 “Escrow Agent”

  

 16 

 EXHIBITS 
  

					
	 A
	  	-	  	Legal Description
			
	 B
	  	-	  	Property Information
			
	 C
	  	-	  	Form of Special Warranty Deed
			
	 D
	  	-	  	Assignment of Master Lease and Contracts and Bill of Sale
			
	 E
	  	-	  	Notice to Tenant

  

 17 

 EXHIBIT A 
  

LEGAL DESCRIPTION(S) 
  
 [See Attached] 
  

 1 

 EXHIBIT B 
  

PROPERTY INFORMATION 
  
 If and to the extent in Seller’s possession: 
  

	1)	Tenant Lease & Correspondence Files 

	2)	General Correspondence Files for the Property 

	3)	Copies of all leases, amendments and commencement date letters 

	4)	2004 and 2005 Operating Budgets 

	5)	All existing ADA, Environmental, and Engineering Reports 

	6)	Vendor Files and paid invoices 

	7)	Copies of all Service Contracts 

	8)	Tax bills for the last three years 

	9)	Certificates of Occupancy 

	10)	Year-to-date Operating Statements and Budget-to-actual variance reports for the same period 

	11)	12/31/03 & 12/31/04 Operating Statements and Budget-to-actual variance reports for the same period 

	12)	Current Rent Roll 

	13)	Current 2004 tax & operating expense reconciliations for all tenants 

	14)	Space plans for all floors (for use in touring the buildings) 

	15)	Historical occupancy reports 

	16)	As-built plans 

	17)	Copies of Utility Bills for past 24 months 

	18)	Tenant Estoppels from past property sales 

  
 Note: Items 1, 2, 6, and 16 need not be copied but should be made available for review. 
  

 1 

 EXHIBIT C 
  

FORM OF SPECIAL WARRANTY DEED 
  

					
	 RECORDING REQUESTED BY
 AND WHEN RECORDED MAIL
TO:
	 	 	 	 
	  
  

	 	 	 	 
	  

	 	 	 	 
	  

	 	 	 	 
	  

	 	 	 	 
			
	 MAIL TAX STATEMENTS TO:
	 	 	 	 
			
	  

	 	 	 	 
	  

	 	 	 	 
	  

	 	 	 	 
	  

	 	 	 	 

  
 SPECIAL WARRANTY DEED

  
 FOR A VALUABLE CONSIDERATION, receipt of which is hereby
acknowledged,                                 , a
                                (“Grantor”), CONVEYS to
                                , a
                                 (“Grantee”), that certain
real property located in the County of Maricopa, State of Arizona, and more particularly described in Exhibit A attached hereto and by this reference incorporated herein (the “Property”). 
  
 SUBJECT TO the following: 
  
 (a) [Insert Permitted Exceptions, not listed below]; 
  
 (c) All matters which could be ascertained by a physical inspection of the
Property; 
  
 (d) Interests of tenants, as tenants only, with no
rights or options to purchase; 
  
 (e) Any and all liens not yet
delinquent for real property and personal property taxes and for general and special assessments against the Property; and 
  
 (f) Building and zoning ordinances and regulations and any other laws, ordinances, or governmental regulations restricting, regulating or relating to the
use, occupancy or enjoyment of the Property. 
  
 Grantor hereby binds itself to warrant and defend the title as against all acts of the Grantor and no other 
  
 [Signature Page Follows] 
  

 1 

 IN WITNESS WHEREOF, Grantor has caused its duly authorized representatives to execute this
instrument as of                          , 2005. 
  

			
	GRANTOR:
	
	 ,

		
	 By:
	 	  

	 Its:
	 	  

  
 Assessor’s Parcel
Number(s):                                  
  
 ACKNOWLEDGEMENT 
  

	
	 STATE OF
                                       
     )

	 COUNTY OF
                                       
 )

  
 On
                                , 200_, before me,
                                        ,
a Notary Public in and for said State, personally appeared                              the
                     of             , a
             and general partner of              personally known to me (or proved to me on the basis of
satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the
instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 
  
 WITNESS my hand and official seal. 
  

			
	 Signature:
	 	                                        
                     (Seal)

  

 2 

 EXHIBIT A 
  

LEGAL DESCRIPTION OF THE PROPERTY 
  

 3 

 EXHIBIT D 
  

ASSIGNMENT OF MASTER LEASE AND CONTRACTS AND BILL OF SALE 
  
 This instrument is executed and delivered as of the          day of
                        , 200   (“Effective Date”) pursuant to that certain Purchase and
Sale Agreement (“Agreement”) dated                     , 200    , by and between CARRAMERICA U.S.
WEST, LLC, a Delaware limited liability company (“Seller”), and
                                    , a
                                    
(“Purchaser”), covering the real property described in Exhibit A attached hereto (“Real Property”). 
  
 1. Sale of Intangible Personal Property. For good and valuable consideration, Seller hereby sells, transfers, sets over and conveys to Purchaser
all the right, title and interest of Seller, if any and without warranty, in and to assignable licenses and permits relating to the operation of the Property, assignable guaranties and warranties from any contractor, manufacturer or other person in
connection with the construction or operation of the Property, and the right to use the name of the Property (if any), but specifically excluding any right, title or interest of Seller in any trademarks, service marks and trade names of Seller.

  
 2. Assignment and Assumption of Master Lease. For good
and valuable consideration, Seller hereby assigns, transfers, sets over and conveys to Purchaser, and Purchaser hereby accepts all of the landlord’s right, title and interest in and to the lease listed in Exhibit B attached hereto
(“Master Lease”). Purchaser hereby accepts and assumes the obligations of Seller under the Master Lease. 
  
 3. Assignment and Assumption of Contracts. For good and valuable consideration, Seller hereby assigns, transfers, sets over and conveys to
Purchaser, and Purchaser hereby accepts Seller’s right, title and interest in and to the service contracts described in Exhibit C attached hereto , if any (the “Contracts”). 
  
 4. Indemnities. Purchaser shall indemnify and hold harmless Seller
from and against any liability, damages, causes of action, expenses, including reasonable attorneys’ fees, incurred by Seller by reason of the failure of Purchaser to fulfill, perform, discharge, and observe its obligations with respect to the
Master Lease or Contracts (if any) arising on or after the Effective Date. Seller shall indemnify and hold harmless Purchaser from and against any liability, damages, causes of action, expenses, including reasonable attorneys’ fees, incurred by
Purchaser by reason of the failure of Seller to fulfill, perform, discharge, and observe its obligations with respect to the Master Lease or Contracts (if any) arising prior to the Effective Date. 
  
 5. Agreement Applies. The covenants, agreements, disclaimers,
representations, warranties, indemnities and limitations provided in the Agreement with respect to the Property (including, without limitation, the limitations of liability provided in the Agreement), are hereby incorporated herein by this reference
as if herein set out in full and shall inure to the benefit of and shall be binding upon Purchaser and Seller and their respective successors and assigns. 
  

 1 

 IN WITNESS WHEREOF, the undersigned have caused this instrument to be executed as of the date written
above. 
  

													
	SELLER:
	
	 CARRAMERICA U.S. WEST, LLC,
 a Delaware
limited liability company

			
	By:	 	 	 	 CarrAmerica Realty L.P.,
 a Delaware limited
partnership, its sole member,

				
	 	 	 	 	By:	 	 CarrAmerica Realty GP Holdings, LLC,
 a
Delaware limited liability company, its general partner,

					
	 	 	 	 	 	 	By:	 	CarrAmerica Realty Operating Partnership L.P., a Delaware limited partnership, its sole member,
						
	 	 	 	 	 	 	 	 	By:	 	 CarrAmerica Realty Corporation,
 a Maryland
corporation, its general partner,

							
	 	 	 	 	 	 	 	 	 	 	By:	 	  

							
	 	 	 	 	 	 	 	 	 	 	Its:	 	President

													
	
	PURCHASER:
	
	 ,

	
	 a

		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  

 2 

 EXHIBIT E 
  

NOTICE TO TENANT 
  
 [Date] 
  

	
	  

	  

	  

  

	 	Re:	[Name of Property] 

  
 Dear Tenant: 
  
 Please be
advised that the premises of which you are a tenant at the above-referenced property, and the landlord’s interest in your Master Lease, were purchased on this date from CarrAmerica U.S. West, LLC (“Seller”), by
                                 (“Purchaser”). Any security deposits
were transferred to Purchaser. All payments, rent and otherwise, should be made payable
to:                                 and directed to: 
  

							
	 	  	  

	  	 	  	 
	 	  	  

	  	 	  	 
	 	  	  

	  	 	  	 
	 	  	  

	  	 	  	 

  

			
	Very truly yours,
	
	SELLER:
	
	 CarrAmerica U.S. West, LLC,
 a Delaware
limited liability Company

		
	 By:
	 	  

		
	 Name:
	 	  

	
	Its Authorized Signatory
	
	PURCHASER:
	
	 ,

	 a

		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  

 G-1Employment Agreement

 Exhibit 10.1 
  
 EMPLOYMENT AGREEMENT 
  

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of November 1, 2005, by and between FTI Consulting, Inc., a
Maryland corporation with its principal offices in Annapolis, Maryland (“Company”), and Dominic DiNapoli (“Executive”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, Executive is currently employed by Company as Executive Vice President and Chief Operating Officer of Company pursuant to the Employment
Agreement between Executive and Company made as of July 17, 2002, as modified by the letter agreement between Executive and Company dated March 24, 2004 (the “Prior Employment Agreement”); and 
  
 WHEREAS, Company and Executive desire to amend and restate the Prior
Employment Agreement and extend the term thereof, subject to the terms and conditions contained in this Agreement; 
  
 NOW, THEREFORE, in consideration of the mutual covenants set forth in this Agreement, Company and Executive agree as follows: 
  
 1. Employment. Company employs Executive and Executive accepts such
employment upon the terms and conditions set forth in this Agreement. 
  
 2. Term of Employment. 
  
 (a) Employment
Term. Executive’s full–time employment under this Agreement will begin as of November 1, 2005 (the “Effective Date”), and continue through December 31, 2011 (the “Employment Term”), or such earlier date as
Executive’s employment terminates under Section 9. 
  
 (b) Transition Period. Upon expiration of the Employment Term or its earlier termination pursuant to Section 9 other than as a result of Executive’s death or Disability (as defined in Section 9(d)), termination of
Executive’s employment by Company for Cause (as defined in Section 9(b)) or resignation without Good Reason (as defined in Section 9(e)), Executive shall continue to provide services to Company as described in Section 3(b), but
in the capacity of a part–time employee, for a period (the “Transition Period”) of three years or until such earlier date as Executive’s employment terminates under Section 9. 
  
 (c) Contract Term. The Employment Term, together with the Transition
Period, is referred to in this Agreement as the “Contract Term.” 
  
 3. Position and Duties. 
  
 (a) During the Employment Term. During the Employment Term, Executive will be employed to serve as, and have the title of, Executive Vice President and Chief Operating Officer, reporting to Company’s Chief Executive Officer (the
“Chief Executive Officer”), with direct profit and loss responsibility for the practice groups as well as practice development for international business, and Executive’s duties and responsibilities will include, but will not
necessarily be limited to, (i) managing the profit and loss performance of the practice groups, (ii) working with the practice leaders in the preparation of budgets and estimates, (iii) assisting 

 
practices in identifying new practice areas and large project opportunities, (iv) overseeing and approving the recruitment of senior professionals
(including but not limited to salaries and contracts.), (v) monitoring operating results and developing corrective actions, when needed, (vi) with the Chief Executive Officer and Chairman of Company’s Board of Directors (the
“Board”), developing and implementing Company’s branding strategy, marketing and ad spending, (vii) with the Chief Executive Officer, Chairman of the Board and Senior Vice President of Human Resources, developing and implementing
personnel policies that impact operating results (including but not limited to CE programs, recruiting, development of career path plans, compensation and bonus policies), (viii) working with the Chief Executive Officer and Chairman of the
Board on acquisitions, (ix) working with the Chief Executive Officer and Chairman of the Board on corporate strategies, (x) developing annual operating budgets of the practice groups, (xi) as requested, participating in analyst
presentations, and (xii) performing such other duties consistent with such position as Executive Vice President and Chief Operating Officer as Executive shall reasonably be directed to perform by the Chief Executive Officer or Board. During the
Employment Term, Executive will (x) have such authority as may be reasonably necessary or appropriate in order to enable Executive to carry out the duties and responsibilities of Executive’s employment under this Agreement, (y) have
Executive’s principal office located at Company’s offices in New York, New York, however, the Company will provide Executive with personal office space in Saddle Brook, New Jersey for the Employment Term, and (z) be entitled to office
services and support commensurate with Executive’s position, duties and responsibilities. During the Employment Term, Executive will devote substantially all of Executive’s business time, attention, and energies to the performance of
Executive’s duties and responsibilities under this Agreement, provided that Executive may engage in personal, charitable, professional and investment activities to the extent such activities do not conflict or materially interfere with the
ability of Executive to perform said duties and responsibilities; provided, further, that service on the board of directors or other governing body of another for-profit business entity is subject to the consent of the Board. 
  
 (b) During the Transition Period. During the Transition Period,
Executive will (i) be employed by Company as a part–time employee providing, at the request and direction of the Chief Executive Officer and/or the Board, not more than 500 hours of service per 12–month period (at mutually
agreed–upon dates and times, which may be deferred up to six months), such services to be commensurate with the general nature of services performed by Executive or other executive–level employees of Company during the Employment Term or
of a nature that the Chief Executive Officer and/or the Board determines is necessary or desirable to transition Executive’s position to his successor, and (ii) have such title, or no title, as shall be determined by the Chief Executive
Officer and/or the Board in his or its discretion. 
  
 4.
Annual Salary and Transition Payment. 
  
 (a) During
the Employment Term. During the Employment Term, Company will pay or cause to be paid to Executive an annual base salary (“Base Salary”) equal to $2,000,000 for each year of the Employment Term, payable in cash on a periodic basis in
accordance with Company’s normal payroll practices applicable to its executive officers, but not less often than monthly. Executive’s Base Salary will be subject to annual review by the Compensation Committee of the Board (the
“Committee”) and may be adjusted upwards (but not downwards) in such amounts as the Committee may determine in its sole discretion. The term “Base Salary” as used in this Agreement refers to the Base Salary as so increased.

  

 2 

 (b) During the Transition Period. During the Transition Period, in lieu of payment of a Base
Salary, Company will pay or cause to be paid to Executive in cash, in periodic installments not less frequently than monthly, an amount equal to $500,000 (the “Transition Payment”) for each year of the Transition Period; provided, however,
that Company’s obligation to pay such Transition Payment during the Transition Period shall terminate immediately upon any failure by Executive to perform his duties under Section 3(b) after written notice and an opportunity to cure of not
less than 30 days or any breach by Executive of the restrictive covenant provisions of Section 12. Notwithstanding such cessation of payment upon a breach of the restrictive covenant provisions of Section 12, Company shall retain the right
to fully enforce the restrictive covenant provisions. In the event that a Change of Control occurs after the Transition Period has commenced, the aggregate amount of the unpaid Transition Payment payable for the period measured from the date of the
Change of Control through the end of the Transition Period will be paid to Executive by Company in a lump sum payment on the date that the Change of Control occurs, but Executive’s obligations under Section 3(b) shall remain intact and
Company shall retain the right to fully enforce the restrictive covenant provisions of Section 12. In the event that the Transition Period commences on or after a Change of Control (as defined in Section 10(c)) as a result of a termination
of employment under the circumstances described in Section 10(c), Executive shall receive the amounts and benefits set forth in Section 10(c) in lieu of the amounts set forth in this Section 4(b), but Executive’s obligations
under Section 3(b) shall remain intact and Company shall retain the right to fully enforce the restrictive covenant provisions of Section 12. 
  
 5. Annual Incentive Bonus. With respect to each fiscal year during the Employment Term, Executive will be entitled to an annual incentive bonus of
$500,000 in each such year that the Company achieves after-tax earnings per share of common stock of $1.00 or more, as determined by the Compensation Committee (the “Executive Bonus”). The terms of this Executive Bonus have been approved
by the Compensation Committee pursuant to the Company’s Incentive Compensation Plan. In addition, Executive will be eligible but not entitled to earn additional bonus amounts pursuant to the Company’s Incentive Compensation Plan, or any
other plan, subject to such terms and conditions as shall be established from time to time by the Compensation Committee, in its sole discretion, and as recommended by the Chief Executive Officer or Chairman of the Board of the Company. The
Executive Bonus and other bonus as provided herein shall be referred to hereafter as the “Annual Incentive Bonus.” 
  
 6. Employee Benefit Programs and Perquisites. 
  
 (a) General. During the Employment Term and the Transition Period, Executive will be entitled to participate in such qualified and nonqualified
employee pension plans, group health, long–term disability and group life insurance plans, and any other welfare and fringe benefit plans, arrangements, programs and perquisites generally maintained or provided by Company from time to time to
or for the benefit of its executive employees or employees generally (“Benefit Plans”), at a level commensurate with Executive’s position. The preceding sentence does not, however, entitle Executive to participate in any plans
specific to other individual executives or employees. Executive’s participation in any Benefit Plans will be 

  

 3 

 
subject to the terms of the applicable plan documents and Company’s generally applied policies and procedures. Company in its discretion may from time
to time adopt, modify, interpret, or discontinue such plans, policies and procedures in a manner generally applicable to Company’s executives or employees. During the Employment Term and the Transition Period, Executive will be entitled to the
payment by Company of the cost of life, health and dental benefits and long–term disability insurance for himself and, as applicable, his dependents, at the same percentage level of Company contribution as in effect on the Effective Date and in
accordance with Company policies and procedures. During the Employment Term, Executive will be entitled to at least six weeks of paid vacation for each calendar year (pro–rated for partial calendar years), subject to Company’s policies and
procedures on use and accrual of such vacation in effect from time to time, but with no payment for unused vacation (including upon termination for any reason). During the Employment Term and the Transition Period, (i) Executive will be
entitled to lease and use, for business or personal purposes, an automobile of his choice at Company’s expense, and (ii) Company shall pay for Executive’s corporate country club membership in effect as of the Effective Date.

  
 (b) Stock Options. In connection with this Agreement,
Company has granted Executive an option (the “Option”) to purchase 100,000 shares of Common Stock of Company at fair market value calculated as of the market close on the Effective Date under and subject to the terms of Company’s 2004
Long–Term Incentive Plan, as amended (the “2004 Plan”). The terms and conditions of the Option will be governed by a stock option agreement attached hereto as Exhibit A (the “Stock Option Agreement”). 
  
 (c) Equity Grant. In connection with this Agreement, Company will
grant Executive 125,000 shares of Common Stock of Company (the “Equity Grant”) under and pursuant to the 2004 Plan. The terms and conditions of the Equity Grant will be governed by a restricted stock agreement attached hereto as Exhibit B
(the “Restricted Stock Agreement”). 
  
 (d)
Reimbursement of Business Expenses. Executive is authorized to incur reasonable business expenses in accordance with Company policy in carrying out his duties and responsibilities under this Agreement, and Company will promptly pay or
reimburse Executive for all such expenses that are so incurred upon presentation of appropriate vouchers or receipts, subject to Company’s expense reimbursement policies and procedures in effect from time to time with respect to executives of
Company. 
  
 7. No Other Employment. Executive represents
to Company that he is not subject to any agreement, commitment or policy of any third party that would prevent him from entering into or performing the duties of his employment under this Agreement. Executive will not enter into any agreement or
commitment or agree to any policy that would prevent or hinder the performance of his duties or obligations under this Agreement. 
  
 8. No Payments to Governmental Officials. Executive will not knowingly pay or authorize payment of any remuneration to or on behalf of any
governmental official which would constitute a violation of applicable law. Company will neither request nor require Executive to offer to make or make a payment of any remuneration to or on behalf of any governmental official other than those
required or expressly permitted by applicable law. 
  

 4 

 9. Termination of Employment. 
  
 (a) Resignation. Executive may voluntarily resign his employment under this Agreement without Good Reason (as
defined in Section 9(e)) at any time upon at least 60 days’ prior written notice to Company. Company may waive such notice or authorize a shorter notice period. 
  
 (b) Termination by Company for Cause. Company may terminate Executive’s employment at any time during the
Contract Period for “Cause” if, and only if, Executive: 
  
 (i) commits a material breach of his material obligations or agreements under this Agreement; 
  
 (ii) commits an act of gross negligence or otherwise acts with willful disregard for the best interests of Company and its affiliates; 
  
 (iii) fails or refuses to perform any duties delegated to him that are
consistent with the duties of similarly–situated executives or are otherwise required under this Agreement; 
  
 (iv) is convicted of or pleads guilty or no contest to a felony, or violates any federal or state securities laws, or with respect to his employment,
commits either a material dishonest act or common law fraud; 
  
 (v) seizes a corporate opportunity for himself instead of offering such opportunity to Company or its affiliates; 
  
 (vi) is absent (and not traveling on business) for a reason other than illness, vacation, or approved leave for more than 30 consecutive days; or

  
 (vii) commits a material violation of a material Company
policy. 
  
 For purposes of this Section, no act or failure to act
shall be deemed “willful” unless effected by the Executive not in good faith and without a reasonable belief that such action or failure to act was in or not opposed to the Company’s best interests. 
  
 The Company may not terminate the Executive’s employment for Cause under
clause (i), (ii), (iii), (v), (vi) or (vii) of such definition set forth above unless: (a) the Company provides the Executive with written notice of its intent to consider termination of the Executive’s employment for Cause,
including a detailed description of the specific reasons which form the basis for such consideration; (b) within thirty (30) days after the date such notice is provided, the Executive shall have a reasonable opportunity to appear before
the Board, with or without legal representation, at the Executive’s election, to present arguments and evidence on his own behalf to defend such act or acts, or failure to act, and, if such act or failure to act is correctable, the Executive
shall be given 30 days after such meeting to correct such act or failure to act; and (c) following presentation to the Board as provided in clause (b) above or the Executive’s failure to appear before the Board at a date and time
specified in the notice and, following expiration of the 

  

 5 

 
30-day period in which to correct such acts or failures to act that are correctable, the Executive may be terminated for Cause only if (1) the Board, by
an affirmative vote of a majority of its members (excluding the Executive and any other member of the Board reasonably believed by the Board to be involved in the events leading the Board to terminate the Executive for Cause), determines that the
acts or failures to act of the Executive specified in the notice occurred and remained uncorrected, and the Executive’s employment should accordingly be terminated for Cause; and (2) the Board provides the Executive with a written
determination setting forth in specific detail the basis of such termination of employment which are consistent with the reasons set forth in the notice. 
  
 (c) Termination by Company Without Cause. Subject to the provisions hereof, Company may terminate Executive’s employment under this Agreement
before the end of the Employment Term, without Cause, upon 60 days’ prior written notice. Upon the effectiveness of any such termination without Cause, Executive’s obligations during the Transition Period shall commence pursuant to
Section 3(b). 
  
 (d) Termination Due to Disability.
If Executive becomes “Disabled” (as defined below), Company may terminate Executive’s employment. For purposes of this Agreement, Executive will be deemed to be “Disabled” or to have a “Disability” if Executive is
determined to be totally and permanently disabled under Company’s long-term disability insurance plan in which he participates or if Executive is unable to substantially perform the customary duties and responsibilities of Executive’s
employment for a period of at least 120 days within an 180-day period by reason of a physical or mental incapacity. 
  
 (e) Termination by Executive for Good Reason. Executive may resign for “Good Reason” if, without Executive’s prior written consent,
Company: 
  
 (i) assigns Executive duties materially and
adversely inconsistent with Executive’s positions as described in this Agreement other than as a result of the Company ceasing to be a public company; 
  
 (ii) reduces the Executive Bonus specified in Section 5 hereof for any year, provided, however, that no reduction shall be deemed to occur to the
extent the Executive Bonus is reduced or not paid for any fiscal year for which the Company fails to achieve after-tax earnings per share of common stock of $1.00 or more, as determined by the Committee; 
  
 (iii) materially breaches a material provision of this Agreement; or

  
 (iv) changes Executive’s principal place of employment
to a place more than 50 miles from New York, New York. 
  
 Before
resigning for Good Reason, Executive must specify in writing to Company the nature of the act or omission that Executive deems to constitute Good Reason and, if the situation can be cured, give Company at least 30 days after receipt of such notice
to correct the situation (and thus prevent Executive’s resignation for Good Reason). Upon the effectiveness of any such termination for Good Reason, Executive’s obligations during the Transition Period shall commence pursuant to
Section 3(b). 
  

 6 

 (f) Death. If Executive dies during the Contract Term, the Contract Term will end as of the date
of Executive’s death, and Executive’s estate will be entitled to the benefits described in Section 10(d) of this Agreement. 
  
 10. Payments on Termination of Employment. 
  
 (a) Termination by Company for Cause or Executive’s Resignation Without Good Reason. If, during the Employment Term, Company terminates
Executive’s employment for Cause or Executive resigns without Good Reason, Company will pay to Executive within ten days following the last day of employment: (i) the unpaid amount, if any, of Executive’s Base Salary through the date
of termination or resignation, (ii) the unpaid amount, if any, of Executive’s previously earned and unpaid incentive bonus for the calendar year preceding the year of termination, (iii) the amount of any substantiated but previously
unreimbursed business expenses incurred through the date of termination or resignation, and (iv) the additional vested benefits, if any, to which Executive is entitled under the terms of any Company employee pension or welfare benefit plan in
which Executive was a participant, in accordance with the conditions and payment schedules set forth in such plan(s) (the amounts specified in clauses (i) through (iv), collectively, “Accrued Compensation”). 
  
 If, during the Transition Period, Company terminates Executive’s
employment for Cause or Executive resigns without Good Reason, Company will pay to Executive within ten days following the last day of employment: (i) the unpaid amount, if any, of the Transition Payment accrued through the date of termination
or resignation, (ii) the amount of any substantiated but previously unreimbursed business expenses incurred through the date of termination or resignation, and (iii) the additional vested benefits, if any, to which Executive is entitled
under the terms of any Company employee pension or welfare benefit plan in which Executive was a participant, in accordance with the conditions and payment schedules set forth in such plan(s). 
  
 (b) Termination by Company Without Cause or by Executive for Good
Reason. If, during the Employment Term, Company terminates Executive’s employment without Cause or Executive resigns for Good Reason, Executive will be entitled to receive the following payments and benefits: 
  
 (i) any Accrued Compensation; 
  
 (ii) continued payment of Base Salary in accordance with the Company’s
regular payroll practices as in effect from time to time (without giving effect to any reduction in Base Salary that constitutes Good Reason) for the remainder of the Employment Term; 
  
 (iii) payment of the Transition Payment provided for under, and subject to the terms of, Section 4(b); 
  
 (iv) a pro rated Annual Incentive Bonus for the year of termination,
determined by multiplying (A) the target Annual Incentive Bonus for the year or, if no target Annual Incentive Bonus was established for the year or the highest Annual Incentive Bonus earned within the preceding three years, by (B) a
fraction, the numerator of which is the number of days from the beginning of the calendar year through the date of termination, and the denominator of which is 365, which amount shall be paid in a lump sum within ten days of the date of termination;

  

 7 

 (v) an additional incentive bonus equal to one-half of the Annual Incentive Bonus paid to Executive on
account of the immediately preceding fiscal year, payable at the time Company would otherwise have paid to Executive the Annual Incentive Bonus for the year of his termination; 
  
 (vi) vesting of the Option and the Equity Grant to the extent provided in the Stock Option Agreement or the Restricted
Stock Agreement, as applicable; 
  
 (vii) continuing group health
and group life insurance coverage for Executive and, where applicable, Executive’s spouse and eligible dependents, at the same benefit levels in effect from time to time with respect to active senior executives of Company (“Benefit
Continuation Coverage”), for the lifetimes of Executive and his spouse and, in the case of Executive’s eligible dependents, until such dependents’ attainment of the maximum age up to which the Company’s plan, as then in effect,
covers dependents of Company employees; provided that the cost of such coverage during the Transition Period shall be split between Company and Executive in the same ratio as the cost-sharing in effect under the Company’s policies and
procedures for Company executives at that time, and the cost of such coverage after the expiration of the Transition Period shall be borne 100% by Executive. If and to the extent such Benefit Continuation Coverage is not permitted by the applicable
plan or by applicable law, Executive will instead be entitled to cash payments sufficient to reimburse Executive and/or Executive’s spouse and eligible dependents, on an after–tax basis, for a proportionate amount of the reasonable cost of
comparable individual or other replacement coverage through the end of the Transition Period; and 
  
 (viii) Executive’s country club membership in effect as of the Effective Date, including all rights to the initiation deposit, shall be transferred
at no cost to Executive (other than any cost related to taxes incurred by the Executive), provided Executive is a member of such club as of the effective date of termination of employment. 
  
 Executive agrees that if he breaches the restrictive covenants set forth in
Section 12, Company may cease paying Executive amounts otherwise payable (and may cease providing the benefits otherwise provided for) under this Section 10(b) and will retain its rights to enforce the restrictive covenants and to seek any
other remedies available at law. 
  
 (c) On or After a Change
of Control - Termination by Company Without Cause or by Executive for Good Reason. Executive will be entitled to receive the payments and benefits set forth in this Section 10(c), in lieu of the payments and benefits set forth in
Section 10(b), if Executive’s employment is terminated during the Employment Term (1) by Executive for any or no reason coincident with or during the 12-month period after a Change of Control occurs, (2) by Executive for Good
Reason coincident with or during the 24-month period after a Change of Control occurs, or (3) by Company without Cause coincident with or during the 24-month period after a Change of Control occurs: 
  
 (i) any Accrued Compensation; 
  

 8 

 (ii) a pro rated Annual Incentive Bonus for the year of termination, determined by multiplying
(A) the target Annual Incentive Bonus for the year or, if no target Annual Incentive Bonus was established for the year or the target Annual Incentive Bonus for the year was materially reduced so as to constitute Good Reason, the highest Annual
Incentive Bonus earned within the preceding three years, by (B) a fraction, the numerator of which is the number of days from the beginning of the calendar year through the date of termination, and the denominator of which is 365, which amount
shall be paid in a lump sum within ten days of the date of termination; 
  
 (iii) a severance payment equal to three times the sum of (A) Executive’s annualized Base Salary as in effect immediately before Executive’s termination of employment (without giving effect to any
reduction in Base Salary that gave rise to Good Reason), plus (B) the greater of the target Annual Incentive Bonus for the year in which termination occurs or the highest Annual Incentive Bonus earned within the immediately prior three years,
plus (C) the aggregate amount of any bonuses other than the Annual Incentive Bonus, including special bonuses, earned by Executive within the immediately prior year, which severance payment shall be paid in a lump sum within ten (10) days
of the date of termination; 
  
 (iv) vesting of the Option and
the Equity Grant to the extent provided in the Stock Option Agreement or the Restricted Stock Agreement, as applicable; 
  
 (v) Benefit Continuation Coverage for the lifetimes of Executive and his spouse and, in the case of Executive’s eligible dependents, until such
dependents’ attainment of the maximum age up to which the Company’s plan, as then in effect, covers dependents of Company employees; provided that the cost of such coverage during the Transition Period, if any, shall be split between
Company and Executive in the same ratio as the cost-sharing in effect under the Company’s policies and procedures for Company executives at that time, and the cost of such coverage after the expiration of the Transition Period, if any, shall be
borne 100% by Executive. If and to the extent such Benefit Continuation Coverage is not permitted by the applicable plan or by applicable law, Executive will instead be entitled to cash payments sufficient to reimburse Executive and/or
Executive’s spouse and eligible dependents, on an after-tax basis, for a proportionate amount of the reasonable cost of comparable individual or other replacement coverage through the end of the Transition Period, if any; and 
  
 (vi) Executive’s country club membership in effect as of the Effective
Date, including all rights to the initiation deposit, shall be transferred at no cost to Executive (other than any cost related to taxes incurred by the Executive), provided Executive is a member of such club as of the effective date of termination
of employment. 
  
 Executive agrees that if he breaches the restrictive covenants
set forth in Section 12, Company may cease paying Executive amounts otherwise payable (and may cease providing benefits otherwise provided for) under this Section 10(c) and will retain its rights to enforce the restrictive covenants and to
seek any other remedies available at law. 
  
 For purposes of this
Section 10(c), “Change of Control” means: (i) the acquisition, in one or more transactions, by any Person of the beneficial ownership (within the meaning of Rule 13d–3 promulgated under the Securities Exchange Act of 1934,
as amended) of 50% or more of (A) all shares of capital stock of the Company to be outstanding immediately following such 

  

 9 

 
acquisition, or (B) the combined voting power of all shares of capital stock of the Company to be outstanding immediately following such acquisition
that are entitled to vote generally in the election of directors (the shares described in clauses (A) and (B), collectively “Company Voting Stock”); (ii) the closing of a sale or other conveyance of all or substantially all of
the assets of Company; or (iii) the effective time of any merger, share exchange, consolidation, or other business combination involving Company if immediately after such transaction, persons who hold a majority of the outstanding voting
securities entitled to vote generally in the election of directors of the surviving entity (or the entity owning 100% of such surviving entity) are not persons who, immediately prior to such transaction, held Company Voting Stock. For purposes of
this Section 10(c), a “Person” means any individual, entity or group within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended, other than an entity controlled by Company. 

 
 (d) Termination Due to Death or Disability. In the event of the
termination of Executive’s employment due to death or Disability during the Employment Term or Transition Period, Executive (or Executive’s estate or other legally–designated beneficiary) will be entitled to receive the following
payments and benefits: 
  
 (i) any Accrued Compensation;

  
 (ii) only if such death or Disability occurs during the
Employment Term, a pro rated Annual Incentive Bonus for the year of termination, determined by multiplying (A) the target Annual Incentive Bonus for the year, or if no target Annual Incentive Bonus was established for the year, the highest
Annual Incentive Bonus earned within the preceding three years, by (B) a fraction, the numerator of which is the number of days from the beginning of the calendar year through the date of termination, and the denominator of which is 365, which
amount shall be paid in a lump sum within ten days of the date of termination; 
  
 (iii) vesting of the Option and the Equity Grant to the extent provided in the Stock Option Agreement or the Restricted Stock Agreement, as applicable; and 
  
 (iv) Benefit Continuation Coverage, where applicable, for Executive and/or Executive’s spouse for their lifetimes and,
in the case of Executive’s eligible dependents, until such dependents’ attainment of the maximum age up to which the Company’s plan, as then in effect, covers dependents of Company employees; provided that the cost of such coverage
during the then remaining balance of the Contract Term shall be split between Company and Executive, or as applicable his spouse and/or dependents, in the same ratio as the cost-sharing in effect under the Company’s policies and procedures for
Company executives at that time, and the cost of such coverage after the expiration of the Contract Term shall be borne 100% by Executive, or as applicable his spouse and/or dependents. If and to the extent such Benefit Continuation Coverage is not
permitted by the applicable plan or by applicable law, Executive, or as applicable his spouse and/or dependents, will instead be entitled to cash payments sufficient to reimburse Executive and/or Executive’s spouse and eligible dependents, on
an after-tax basis, for a proportionate amount of the reasonable cost of comparable individual or other replacement coverage through the end of the Contract Term. 
  
 Executive agrees that if he breaches the restrictive covenants set forth in Section 12, Company may cease paying
Executive amounts otherwise payable (and may cease providing benefits otherwise provided for) under this Section 10(d) and will retain its rights to enforce the restrictive covenants and to seek any other remedies available at law. 

 

 10 

 Company shall have the right at its own cost and expense to apply for and to secure in its own name and
for its own benefit, or otherwise, life insurance covering Executive, and Executive agrees to submit to the usual and customary medical examination, at the expense of Company, in connection with the procurement of any such insurance. 
  
 (e) Termination Due to Expiration of the Employment Term. In the
event of the termination of Executive’s employment due to expiration of the Employment Term, Executive will be entitled to receive the following payments and benefits: 
  
 (i) any Accrued Compensation; 
  
 (ii) payment of the Transition Payment to the extent provided under, and subject to the terms and conditions of, Section 4(b), Section 10(a)
and this Section 10(e); 
  
 (iii) a pro rated Annual
Incentive Bonus for the year of termination, determined by multiplying (A) the target Annual Incentive Bonus for the year, or if no Executive Bonus was established for the year, the highest Annual Incentive Bonus earned within the preceding
three years, by (B) a fraction, the numerator of which is the number of days from the beginning of the calendar year through the date of termination, and the denominator of which is 365, which amount shall be paid in a lump sum at the same time
as such bonus would otherwise have been paid for such year; and 
  
 (iv) Benefit Continuation Coverage for Executive and/or Executive’s spouse for their lifetimes and, in the case of Executive’s eligible dependents, until such dependents’ attainment of the maximum age up to which
Company’s plan, as then in effect, covers dependents of Company employees; provided that the cost of such coverage during the Transition Period shall be split between Company and Executive in the same ratio as the cost–sharing in effect
under Company’s policies and procedures for Company executives at that time, and the cost of such coverage after the expiration of the Transition Period shall be borne 100% by Executive. If and to the extent such Benefit Continuation Coverage
is not permitted by the applicable plan or by applicable law, Executive will instead be entitled to cash payments sufficient to reimburse Executive and/or Executive’s spouse and eligible dependents, on an after–tax basis, for a
proportionate amount of the reasonable cost of comparable individual or other replacement coverage through the end of the Transition Period. 
  
 Executive agrees that if he breaches the restrictive covenants set forth in Section 12, Company may cease paying Executive amounts otherwise payable
(and may cease providing benefits otherwise provided for) under this Section 10(e) and will retain its rights to enforce the restrictive covenants and to seek any other remedies available at law. 
  
 (f) Termination Due to Expiration of the Transition Period. Upon the
expiration of the Transition Period, Executive will be entitled to receive: 
  
 (i) the amount of any substantiated but previously unreimbursed business expenses incurred; 
  

 11 

 (ii) any additional vested benefits to which Executive is entitled under the terms of any Company
employee pension or welfare benefit plan in which Executive was a participant; 
  
 (iii) Benefit Continuation Coverage for Executive and/or Executive’s spouse for their lifetimes and, in the case of Executive’s eligible dependents, until such dependents’ attainment of the maximum age
up to which Company’s plan, as then in effect, covers dependents of Company employees; provided that the cost of such coverage for such eligible dependents shall be borne 100% by Executive; and 
  
 (iv) Executive’s country club membership in effect as of the Effective
Date, including all rights to the initiation deposit, shall be transferred at no cost to Executive (other than any cost related to taxes incurred by the Executive), provided Executive is a member of such club as of the effective date of termination
of employment. 
  
 11. Certain Additional Payments.

  
 (a) Notwithstanding anything in this Agreement to the
contrary, in the event it shall be determined that any payment or distribution by Company or its affiliate to or for the benefit of Executive, whether paid, payable, distributed or distributable pursuant to this Agreement or otherwise (a
“Payment”) would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986 (the “Code”) (or any successor provision) or any interest or penalties with respect to such excise tax (such excise
tax, together with any such interest and penalties, are collectively referred to in this Agreement as the “Excise Tax”), then Executive shall be entitled to receive an additional payment (a “Gross–Up Payment”) in an amount
such that after the payment by Executive of all taxes (including any interest or penalties imposed with respect to such taxes), including any Excise Tax, imposed upon the Gross–Up Payment, Executive retains an amount of the Gross–Up
Payment equal to the Excise Tax imposed upon the Payment. 
  
 (b)
Subject to the provisions of Section 11(c), all determinations required to be made under this Section 11, including whether and when a Gross–Up Payment is required and the amount of such Gross–Up Payment and the assumptions to be
utilized in arriving at such determination, shall be made by Company’s then independent auditors (the “Accounting Firm”), which shall provide detailed supporting calculations to both Company and Executive within 15 business days of
receipt of written notice from Executive that there has been a Payment giving rise to a Gross–Up Payment, or such earlier time as is requested by Company. Any Gross–Up Payment, as determined pursuant to this Section 11, shall be paid
by Company to Executive within five days of receipt of the Accounting Firm’s determination. All fees and expenses of the Accounting Firm shall be borne solely by Company. Any determination by the Accounting Firm shall be binding upon Company
and Executive. As a result of the possible uncertainty in application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Gross–Up Payments will not have been made by
Company that should have been made (“Underpayment”), consistent with the calculations required to be made hereunder. In the event that Company exhausts its remedies pursuant to Section 11(c) and Executive thereafter is required to
make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred, and any such Underpayment shall be promptly paid by Company to or for the benefit of Executive. 
  

 12 

 (c) Executive shall notify Company in writing of any claim by the Internal Revenue Service that, if
successful, would require the payment by Company of the Gross–Up Payment. Such notification shall be given as soon as practicable but no later than thirty business days after Executive is informed in writing of such claim and shall apprise
Company of the nature of such claim and the date on which such claim is to be paid. Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which Executive gives such notice to. If Company notifies
Executive in writing prior to the expiration of such period that it desires to contest such claim, Executive shall: 
  
 (i) give Company any information reasonably requested by Company relating to such claim, 
  
 (ii) take such action in connection with contesting such claim as Company shall reasonably request in writing from time to
time, including, without limitation, accepting legal representation with respect to such claim by an attorney selected by Company and reasonably acceptable to Executive, 
  
 (iii) cooperate with Company in good faith in order effectively to contest such claim, and 
  
 (iv) permit Company to participate in any proceedings relating to such
claim; provided, however, that Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold Executive harmless, on an after–tax
basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this Section, Company
shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at
its sole option, either direct Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and Executive agrees to prosecute such contest to a determination before any administrative tribunal, in a court of
initial jurisdiction and in one or more appellate courts, as Company shall determine; provided, however, that if Company directs Executive to pay such claim and sue for a refund, Company shall advance the amount of such payment to Executive, on an
interest–free basis and shall indemnify and hold Executive harmless, on an after–tax basis, from any Excise Tax or income tax (including interest or penalties with respect thereto) imposed with respect to such advance or with respect to
any imputed income with respect to such advance; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year of Executive with respect to which such contested amount is claimed to be due is
limited solely to such contested amount. Furthermore, Company’s control of the contest shall be limited to issues with respect to which a Gross–Up Payment would be payable hereunder, and Executive shall be entitled in his sole discretion
to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority. 
  

 13 

 (d) If, after receipt by Executive of an amount advanced by Company pursuant to Section 11(c),
Executive becomes entitled to receive any refund with respect to such claim, Executive shall (subject to Company’s complying with the requirements of such Section) promptly pay to Company the amount of such refund (together with any interest
paid or credited thereon after taxes applicable thereto). If, after receipt by Executive of an amount advanced by Company pursuant to Section 11(c), a determination is made that Executive shall not be entitled to any refund with respect to such
claim and Company does not notify Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid, and the
amount of such advance shall offset, to the extent thereof, the amount of Gross–Up Payment required to be paid. 
  
 12. Restrictive Covenants; Inventions. 
  
 (a) Restrictive Covenants. 
  
 (i) Non–Competition. In consideration for Executive’s employment and continued employment by Company, the salary and benefits under this
Agreement, including the promise of post–termination compensation under certain circumstances, and other good and valuable consideration provided herein, Executive acknowledges and agrees that, while Company employs Executive and through the
end of the Restricted Period (as defined below), Executive will not, directly or indirectly, singly or jointly, on Executive’s own behalf or on behalf of any third party, establish, create, be employed by, serve as an officer, director, advisor
or consultant to, lend money to, invest in, provide advice to, or engage or otherwise participate in any way in any Competitive Business (as defined below) within any Market Areas (as defined below). Executive may own up to 5% of any class of stock
that is registered under the Securities Exchange Act of 1934 and listed or traded on a national securities exchange or the Nasdaq National Market without violating this covenant. The parties further agree that the foregoing shall not prevent
Executive from working for or performing services on behalf of any individual or entity that is engaged in a Competitive Business if such individual or entity is also engaged in other lines of business and if Executive’s employment or services
are restricted to such other lines of business, and Executive will not be providing support, advice, instruction, direction or other guidance to lines of business that constitute the Competitive Business. 
  
 (1) For purposes of this Agreement, the term “Competitive
Business” shall mean any consulting practice in the areas of financial restructuring, litigation consulting and engineering and scientific investigation or any other line of business that competes with Company or its successors, predecessors,
assigns, affiliates or subsidiaries (collectively, the “Company Group”), but only to the extent that the Company Group either engaged in such areas or lines of business during the Contract Term or Executive had knowledge before termination
of his employment with the Company Group that the Company Group intended to or contemplated entering such areas or lines of business. 
  
 (2) For purposes of this Agreement, the term “Market Area” shall be defined as each location in which any member of the Company Group has an
office, manufactures products, sells products or services, or provides services to customers or clients during the Restricted Period (as defined below). If the location where one or more of the 

  

 14 

 
relevant companies has or is engaged in business is within a “metropolitan area” as defined by the United States Office of Management and Budget
from time to time, the term “Market Area” means that metropolitan area. In all other cases, the term “Market Area” shall encompass an area within a thirty-five (35) mile radius of the location where any member of the Company
Group has or had an office, manufactures or manufactured products, sells or sold products or services, or provides or provided services to customers or clients. 
  

(3) For purposes of this Agreement, the term “Restricted Period” shall mean the time period running from the Effective Date through the
third anniversary of the date that Executive’s employment (including during the Transition Period, if applicable) with the Company Group terminates for any reason. 
  
 (ii) Non-Interference with Clients or Vendors. During the Restricted Period, Executive agrees that he will not,
directly or indirectly, whether for himself or for any other individual or entity (other than the Company Group), engage in the following acts or assist others to do so: 
  
 (1) seek to reduce the amount of business performed or engaged in by Company or any member of the Company Group with any
person or entity who is or has been, within the Restricted Period, a customer, client, supplier or vendor of any member of the Company Group; 
  
 (2) solicit any person or entity who is or has been, within the Restricted Period, a customer, client, supplier or vendor of Company or any member of the
Company Group, to terminate their relationship with any member of the Company Group or to do business with a Competitive Business. 
  
 (iii) Non–Solicitation of Company Group Employees or Contractors. During the Restricted Period, Executive agrees that he will not, directly
or indirectly, whether for himself or for any other individual or entity (other than any entity belonging to the Company Group), hire, solicit, or endeavor to hire away or solicit away from the Company Group, or otherwise induce to terminate their
relationship with the Company Group, any person whom the Company Group employs or otherwise engages to perform services, or has employed or engaged for services within the 12-month period immediately prior to the date Executive’s termination of
employment became effective, including, but not limited to, any independent consultant, engineer, sales representative, contractor, subcontractor, supplier or vendor. Executive further agrees that he will not otherwise interfere with or disrupt the
Company Group’s relationship with any of its employees, contractors, subcontractors, suppliers or vendors. 
  
 (b) Confidentiality. 
  
 (i) Confidentiality Obligation. In connection with Executive’s employment with the Company Group, Executive has been and will continue to be
given access to confidential and proprietary information and trade secrets concerning the business, plans, operations and prospects of the Company Group and other information not generally known outside of the Company Group that may be of value to
the Company Group. Furthermore, in connection with Executive’s employment with the Company Group, Executive has been and will 

  

 15 

 
in the future be given confidential and proprietary information and trade secrets that have been given to Company or the Company Group in confidence by third
parties (the confidential and proprietary information and trade secrets of the Company Group and third parties, as further defined below, shall be referred to herein as “Confidential Information”). Executive understands that employment by
the Company creates a relationship of confidence and trust with respect to any such Confidential Information that has been or may be disclosed to Executive and that Company has a protectable business interest in its Confidential Information.
Executive acknowledges and agrees that using, disclosing or publishing any Confidential Information in an unauthorized or improper manner could cause Company or Company Group substantial loss and damages that could not be readily calculated and for
which no remedy at law would be adequate. Accordingly, Executive acknowledges and agrees that Executive shall not at any time, except in performing Executive’s employment duties to the Company Group under this Agreement (except with the prior
written consent of Company’s Board), directly or indirectly, use, disclose or publish any Confidential Information that Executive may learn or become aware of, or have learned or become aware of because of Executive’s prior or continuing
employment, ownership or association with the Company Group or any of their predecessors, or use any such information in a manner detrimental to the interests of Company or the Company Group. Executive understands and agrees that the rights and
obligations set forth in this Section will continue indefinitely and will survive termination of this Agreement and Executive’s employment with the Company Group. 
  
 (ii) Confidential Information. “Confidential Information” includes, without limitation, information not
previously disclosed to the public or to the trade by Company or the Company Group with respect to the Company’s or any member of the Company Group’s present or future business, operations, services, products, research, inventions,
discoveries, drawings, designs, plans, processes, models, technical information, facilities, methods, trade secrets, copyrights, software, source code, systems, patents, procedures, manuals, specifications, any other intellectual property,
confidential reports, price lists, pricing formulas, customer lists, financial information (including the revenues, costs, or profits associated with any of Company’s or the Company Group’s products or services), business plans, lease
structure, projections, prospects, or opportunities or strategies, acquisitions or mergers, advertising or promotions, personnel matters, legal matters, any other confidential and proprietary information and any other information not generally known
outside Company or the Company Group that may be of value to Company or the Company Group, but excludes any information already properly in the public domain. “Confidential Information” also includes confidential and proprietary
information and trade secrets that third parties entrust to Company or the Company Group in confidence. 
  
 Confidential Information shall not include any information that (i) has been properly published in a form generally available to the public prior to
the date Executive proposes to disclose or use such information or otherwise is or becomes public knowledge through legal means without fault by Executive, (ii) is already public knowledge prior to the signing of this Agreement, (iii) was
available to Executive on a non–confidential basis prior to its disclosure by the Company, (iv) was disclosed by Executive in the proper performance of Executive’s duties hereunder, or (v) must be disclosed pursuant to applicable
law or court order. Information shall not be deemed to have been published merely because individual portions of the information have been separately published, but only if all material features comprising such information have been published in
combination. 
  

 16 

 (iii) Preserving Third Party’s Confidences. Executive agrees not to use in working for the
Company Group and not to disclose to the Company Group any Confidential Information Executive does not have the right to use or disclose and that the Company Group is not free to use without liability of any kind. Executive agrees to promptly inform
Company in writing of any patents, copyrights, trademarks or other proprietary rights known to Executive that Company or the Company Group might violate because of information Executive provides. 
  
 (c) Exclusive Property. Executive confirms that all Confidential
Information is and must remain the exclusive property of the relevant member of the Company Group. All business records, business papers and business documents Executive keeps or makes in the course of Executive’s employment by Company must be
and remain the property of the relevant member of the Company Group. Upon the termination of this Agreement with Company or upon Company’s or the Company Group’s request at any time, Executive shall promptly deliver to the Company or
relevant member of the Company Group any Confidential Information or other materials (written or otherwise) not available to the public or made available to the public in a manner Executive knows or should reasonably recognize Company or the Company
Group did not authorize, and any copies, excerpts, summaries, compilations, records and documents Executive made or that came into Executive’s possession during Executive’s employment. Executive agrees that Executive will not, without
Company’s consent, retain copies, excerpts, summaries or compilations of the foregoing information and materials. Executive understands and agrees that the rights and obligations set forth in this Section will continue indefinitely and will
survive termination of this Agreement and Executive’s employment with the Company Group. 
  
 (d) Intellectual Property. Executive agrees that all intellectual property in whatever media, records, documents, papers, inventions, notebooks, drawings, designs, technical information, source or object code,
processes, methods, ideas, discoveries, improvements or other copyrightable or otherwise protectable works, whether patentable or not, in any media, Executive conceives, creates, invents or discovers, that relates to or results from any work
Executive performs or performed for Company or any member of the Company Group or that arises from the use of the facilities, materials, personnel, time or Confidential Information of Company or any member of the Company Group in the course of
Executive’s employment (whether or not during working hours), whether conceived, created, discovered, or invented individually or jointly with others (“Company Inventions”), will, together with all worldwide patent, copyright,
trademark, trade secret, mask works or other intellectual property rights in such works, including reissues thereof, as well as the right to prosecute or sue for infringements or other violations of these intellectual property rights (collectively
“Intellectual Property Rights”), be and remain absolutely the property of Company and/or the relevant member of the Company Group. Executive irrevocably and unconditionally waives all rights, including moral rights, that may vest in
Executive (whether before, on, or after the date of this Agreement) in connection with Executive’s authorship of any copyrightable works in the course of Executive’s employment with Company and/or the Company Group, wherever in the world
enforceable. Executive recognizes any such works are “works for hire” of which Company is the author. If, for any reason, any such Company Inventions shall not legally be a “work–for–hire” or there are 

  

 17 

 
rights which do not accrue to Company under the preceding provisions, then Executive hereby irrevocably assigns to the Company and agrees to quitclaim any
and all of Executive’s right, title and interest thereto, including, without limitation, all Intellectual Property Rights or other rights of whatsoever nature therein, whether now or hereafter known, existing, contemplated, recognized or
developed, and Company shall have the right to use the same in perpetuity throughout the universe in any manner Company determines, all without any further payment to Executive. Without limitation, Executive waives the right to be identified as the
author of any such works and the right not to have any such works subjected to derogatory treatment, and irrevocably transfers and assigns to Company any and all moral rights that Executive may have in any Company Invention and authorizes Company to
make any desired changes to any part of any Company Invention and combine it with other materials in any manner desired. 
  
 Executive will promptly disclose, and hereby grants and assigns ownership to Company and/or the relevant member of the Company Group for its sole use and
benefit, any and all Company Inventions that Executive develops, acquires, conceives or reduces to practice while Company and/or the Company Group employs Executive and will take all steps necessary to assist Company in obtaining and/or protecting
its ownership rights therein. Executive will promptly disclose and hereby grants and assigns ownership to Company of all Company Inventions, Intellectual Property Rights and any foreign equivalents thereof that may at any time be filed or granted
for or upon any such Company Invention. 
  
 (e) Maximum
Limits. If any provision of this Section 12 is ever deemed to exceed the time, geographic area or activity limitations the law permits, the limitations shall be reduced to the maximum permissible limitation, and Executive and Company
authorize a court or arbitrator having jurisdiction to reform each such provision to the maximum time, geographic area and activity limitations the law permits, provided, however, that such reductions shall apply only with respect to the operation
of such provision in the particular jurisdiction in which such adjudication is made. 
  
 (f) Injunctive Relief. Without limiting the remedies available to Company and/or the Company Group, Executive acknowledges that a breach of any of the covenants regarding non–competition,
non–interference, non–solicitation, confidentiality or intellectual property rights contained in this Agreement may result in material irreparable injury to the Company Group for which there is no adequate remedy at law and that it will
not be possible to accurately measure damages for such injuries. Executive agrees that, if there is a breach or threatened breach of this Agreement, Company and/or the Company Group will be entitled to obtain a temporary restraining order and/or a
preliminary or permanent injunction restraining Executive from engaging in activities prohibited by any provision of Section 12 of this Agreement, or such other relief as may be required to specifically enforce any of the covenants contained in
Section 12 of this Agreement. Executive agrees that all remedies expressly provided for in this Agreement are cumulative of any and all other remedies now existing at law or in equity. Resort to any remedy provided for in this Section or
provided for by law will not prevent the concurrent or subsequent employment of any other appropriate remedy or remedies, or preclude Company or the Company Group’s recovery of monetary damages and compensation. Executive also agrees that the
Restricted Period or such longer period during which the covenants hereunder by their terms survive will extend for any and all periods for which a court or arbitrator finds that Executive violated the covenants contained herein. 
  

 18 

 13. Assignment and Successors. This Agreement is personal to Executive and shall not be assignable
by Executive, except that Executive’s rights to receive any compensation or benefits under this Agreement may be transferred or disposed of pursuant to testamentary disposition or intestate succession. This Agreement shall inure to the benefit
of and be enforceable by the Executive’s heirs, beneficiaries and/or legal representatives. This Agreement shall inure to the benefit of and be binding upon Company and its successors and assigns. Company shall require any successor to all or
substantially all of the business and/or assets of Company, whether direct or indirect, by purchase, merger, consolidation, acquisition of stock, or otherwise, by an agreement in form and substance satisfactory to Executive, expressly to assume and
agree to perform this Agreement in the same manner and to the same extent as Company would be required to perform if no such succession had taken place. 
  
 14. Severability. If the final determination of an arbitrator or a court of competent jurisdiction declares, after the expiration of the time
within which judicial review (if permitted) of such determination may be perfected, that any term or provision of this Agreement is invalid or unenforceable, the remaining terms and provisions will be unimpaired, and the invalid or unenforceable
term or provision will be deemed replaced by a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. Any prohibition or finding of unenforceability as to
any provision of this Agreement in any one jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
  
 15. Amendment; Waiver. Neither Executive nor Company may modify, amend, or waive the terms of this Agreement other than by a written instrument
signed by Executive and Company. Either party’s waiver of the other party’s compliance with any provision of this Agreement shall not be deemed a waiver of any other provision of this Agreement or of any subsequent breach by such party of
a provision of this Agreement. No delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof. 
  
 16. Withholding. Company will reduce its compensatory payments to Executive hereunder for withholding and FICA and Medicare taxes and any other
withholdings, deductions and contributions required by law or otherwise authorized by Executive. 
  
 17. Section 409A of the Code. The Company shall not commence payment or distribution to the Executive of any amount in Sections 4(b),
10(b)(iii) and 10(e)(ii) (“Transition Payments”); Sections 5, 10(b)((iv), 10(b)(v), 10(c)(ii), 10(c)(iii), 10(d)(ii) and 10(e)(iii) (“Pro-Rated Annual Incentive Bonus”); 6(c), 10(b)(vi), 10(c)(iv), 10(d)(iii) (“Equity
Grants”) and Sections 6(a), 10(b)(viii), 10(c)(vi) and 10(f)(iv) (“Country Club Membership”) earlier than the earliest permissible date under Section 409A of the Code that such amount could be paid without additional taxes or
interest being imposed under Section 409A of the Code. Any deferral of payment or distribution as a result of this Section 17 does not in any way constitute a forfeiture of said payment or distribution to the Executive. The Company and
Executive agree to execute any reasonable amendments to this Agreement as may be necessary to ensure compliance with Section 409A of the Code or to provide additional equitable relief to the Executive as necessary. 
  
 18. Governing Law. The laws of the State of Maryland (other than its
conflict of laws provisions) govern this Agreement. 
  

 19 

 19. Notices. Notices may be given in writing by personal delivery, by certified mail, return
receipt requested, by telecopy (with transmission confirmation) or by overnight delivery. Executive should send or deliver notices to the office of the Secretary of Company at 909 Commerce Road, Annapolis, Maryland 21401, fax number:
(410) 224–2809. Company will send or deliver any notice given to Executive at Executive’s address as reflected on Company’s personnel records. Executive and Company may change their addresses for notice by like notice to the
other. Executive and Company agree that notice is deemed received on the date it is personally delivered, the date it is received by certified mail, the date of guaranteed delivery by overnight service, or the date the fax machine confirms receipt.

  
 20. Superseding Effect. This agreement supersedes all
prior or contemporaneous negotiations, commitments, agreements and writings between Executive and Company or any of its affiliates with respect to the subject matter, including but not limited to the Prior Employment Agreement and the letter
agreement between Executive and Company dated August 3, 2005. All such other negotiations, commitments, agreements and writings will have no further force or effect, and the parties to any such other negotiation, commitment, agreement or
writing will have no further rights or obligations thereunder. 
  
 21. Arbitration. Except as expressly set forth in this Section and in Section 12(f), all disputes between Executive and Company (“Arbitrable Disputes”), irrespective of whether this Agreement or Executive’s
employment or other relationship with Company has terminated, are to be resolved exclusively through final and binding arbitration. This arbitration agreement applies to, among other things, disputes concerning Executive’s employment with
and/or termination from Company; the validity, interpretation, enforceability or effect of this Agreement or alleged violations of it; claims of discrimination under federal or state law; or other statutory or common law claims. 
  
 (a) The Arbitration. The arbitration shall take place under the
auspices of the American Arbitration Association (“AAA”) in the metropolitan area in which Executive is then (or was last) employed and conducted in accordance with the AAA’s National Rules for the Resolution of Employment Disputes
then in effect before an experienced employment law arbitrator licensed to practice law in that jurisdiction who has been selected in accordance with such rules. The arbitrator may not modify or change this Agreement in any way except as expressly
set forth herein. The arbitration shall be governed by the substantive law of the State of Maryland (excluding where it mandates the use of another jurisdiction’s laws). 
  
 (b) Fees and Expenses. Each party shall pay the fees of their attorneys, the expenses of its witnesses, and any
other costs and expenses that the party incurs in connection with the arbitration, but all other costs of the arbitration, including the fees of the arbitrator, the cost of any record or transcript of the arbitration, administrative fees and other
fees and costs shall be paid one half by the Company and one half by the Executive. Notwithstanding the foregoing, the arbitrator may, in his or her discretion, award reasonable attorneys’ fees (in addition to any other damages, expenses or
relief awarded) to the prevailing party. 
  
 (c) Exclusive
Remedy. The arbitration in this manner shall be the exclusive remedy for any Arbitrable Dispute. Should Executive or Company attempt to resolve an Arbitrable Dispute by any method other than arbitration pursuant to this Section, the responding
party will be entitled to recover from the initiating party all damages, expenses and attorneys’ fees incurred as a result of that breach. 
  

 20 

 (d) Judicial Enforcement. Nothing in this Section shall preclude any party to this agreement from
seeking judicial enforcement of an arbitrator’s award. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. 
  
 (e) Section 12(f) Remedies. Notwithstanding the foregoing, each party shall be entitled to seek injunctive or other equitable relief, as
contemplated by Section 12(f), above, from any court of competent jurisdiction, without the need to resort to arbitration. 
  
 21. Indemnification and Liability Insurance. Company shall indemnify Executive to the fullest extent permitted by applicable law and Company’s
by-laws with regard to Executive’s actions (or inactions) on behalf of Company in his capacity as an officer and/or director, with advancement of legal fees and other expenses on a current basis to the fullest extent permitted by law. Company
shall cover Executive under professional and other appropriate liability insurance policies both during and, while any potential liability exists, after the Contract Term; provided that the amount and extent of such coverage shall be at least as
great and extensive as such coverage on Company’s other senior executives and directors. 
  

 21 

 IN WITNESS WHEREOF, the undersigned have signed this Agreement as of the above date first written.

  

			
	FTI CONSULTING, INC.
		
	By:	 	 /S/ JACK B. DUNN, IV

	Name:	 	Jack B. Dunn, IV
	Title:	 	Chief Executive Officer
	 	 	and President
	
	EXECUTIVE
	
	 /S/ DOMINIC DINAPOLI

	Name:	 	Dominic DiNapoli

  

 22 

 Exhibit A 
  
 [Attach Stock Option Agreement] 
  

 23 

 Exhibit B 
  
 [Attach Restricted Stock Agreement]

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