Document:

Second Amendment to Credit Agreement dated as of October 27, 2009.

 Exhibit 10.1 
 Execution Copy 
 SECOND AMENDMENT TO CREDIT AGREEMENT

 THIS SECOND AMENDMENT TO CREDIT AGREEMENT, dated as of October 27, 2009 (this “Amendment”), is by and
among ASSET ACCEPTANCE CAPITAL CORP. (the “Borrower”), the Lenders party to the Credit Agreement described below (collectively, the “Lenders” and individually, a “Lender”), and JPMORGAN CHASE BANK, N.A., a national
banking association, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”). 
 RECITALS 
 A. The Borrower, the Administrative Agent and the Lenders entered into a Credit Agreement, dated as
of June 5, 2007 (as amended by a First Amendment to Credit Agreement dated as of March 10, 2008, and as further amended or modified from time to time, the “Credit Agreement”). 
 B. The Borrower desires to amend the Credit Agreement, and the Administrative Agent and the Lenders are willing to do so strictly in
accordance with the terms hereof. 
 TERMS 
 In consideration of the premises and of the mutual agreements herein contained, the parties agree as follows: 
 ARTICLE 1. 
 AMENDMENTS 
 Upon the satisfaction of the conditions set forth in Article 3 hereof, the Credit Agreement shall be amended as follows: 
 1.1 The following definitions in Section 1.01 are restated as follows: 
 “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime
Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1% or (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%,
provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate appearing on the Reuters Screen LIBOR01 Page 1 (or on any successor or substitute page) at approximately 11:00 a.m. London time on such day. Any
change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective
Rate or the Adjusted LIBO Rate, respectively. 
 “Applicable Margin” means, for any day, (a) with
respect to any Eurocurrency Loan or ABR Loan that is a Tranche B Term Loan, as the case may be, the applicable rate per annum set forth below under the caption “Tranche B Eurocurrency Spread” or “Tranche B ABR Spread”, as the
case may be, based upon the Leverage Ratio as of the most recent determination date and (b) with respect to any Eurocurrency Loan or ABR Loan that is a Revolving Loan or with respect to the commitment fees or fees on Letters of Credit payable
hereunder, as the case may be, the applicable rate per annum set forth below under the caption “Revolving Eurocurrency Spread”, “Revolving ABR Spread”, “Commitment Fee Rate” or “Letter of Credit Fee”, as the
case may be, based upon the Leverage Ratio as of the most recent determination date: 
  

																		
	 Level
	  	 Leverage Ratio
	  	Tranche B
Eurocurrency
Spread	 	 	Revolving
Eurocurrency
Spread and Letter
of Credit Fee	 	 	Tranche B
ABR Spread	 	 	Revolving
ABR Spread	 	 	Commitment
Fee Rate	 
	 I
	  	< 0.375	  	3.25	% 	 	2.50	% 	 	2.25	% 	 	1.50	% 	 	0.50	% 
	 II
	  	3 0.375 and < 0.625	  	3.25	% 	 	2.75	% 	 	2.25	% 	 	1.75	% 	 	0.50	% 
	 III
	  	3 0.625 and < 0.875	  	3.25	% 	 	3.00	% 	 	2.25	% 	 	2.00	% 	 	0.50	% 
	 IV
	  	3 0.875 and < 1.125	  	3.50	% 	 	3.25	% 	 	2.50	% 	 	2.25	% 	 	0.50	% 
	 V
	  	3 1.125	  	3.50	% 	 	3.50	% 	 	2.50	% 	 	2.50	% 	 	0.50	% 

 The Applicable Margin shall be determined in accordance with the foregoing table based on the Leverage Ratio
as of the end of each Fiscal Quarter. Adjustments, if any, to the Applicable Margin shall be effective the first day of the month following the month that the Administrative Agent is scheduled to receive the applicable financials under
Section 5.01(a) or (b) and certificate under Section 5.01(c). If the Borrower fails to deliver the financials to the Administrative Agent at the time required hereunder, then the Applicable Margin shall be set at Level IV until such
financials are so delivered. Notwithstanding anything herein to the contrary, the Applicable Margin shall be set at Level III as of the effective date of the Second Amendment to this Agreement. 
 “Consolidated Adjusted EBITDA” means Consolidated Net Income plus, to the extent deducted from revenues in
determining Consolidated Net Income, (a) Consolidated Interest Expense, (b) expense for taxes paid or accrued net of tax refunds, (c) depreciation expense, (d) amortization expense (excluding amortization of Receivables),
(e) the Amortized Collections and (f) non-cash losses and non-cash expenses, minus, to the extent included in Consolidated Net Income, extraordinary gains (as determined in accordance with GAAP) realized other than in the
ordinary course of business and non-cash gains and other non-cash income, all calculated for the Borrower and its Subsidiaries on a consolidated basis. 
 “Defaulting Lender” means any Lender, as determined by the Administrative Agent, that has (a) failed to fund any portion of its Loans or participations in Letters of Credit or
Swingline Loans within three Business Days of the date required to be funded by it hereunder, (b) notified the Borrower, the Administrative Agent, the Issuing Bank, the Swingline Lender or any Lender in writing that it does not intend to comply
with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement or under other agreements in which it commits to extend credit,
(c) failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans and participations in then outstanding
Letters of Credit and Swingline Loans, (d) otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within three Business Days of the date when due, unless the subject of
a good faith dispute, or (e) (i) become or is insolvent or has a parent company that has become or is insolvent or (ii) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or
custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or insolvency
proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment; provided, however, in
all cases that a Defaulting Lender shall no longer be deemed a Defaulting Lender when the Defaulting Lender shall have cured the conditions which shall have caused it to be a Defaulting Lender hereunder. 
  

 -2- 

 “Required Lenders” means, at any time, Lenders having Credit Exposure and
unused Commitments representing more than 50% of the sum of the total Credit Exposure and unused Commitments at such time. The “Required Lenders” of a particular Class of Loans means Lenders having Revolving Exposures, outstanding Tranche
B Term Loans and unused Commitments of such Class, as applicable, representing more than 50% of the total Revolving Exposures, outstanding Tranche B Term Loans and unused Commitments of such Class, as applicable, at such time. The Credit Exposure
and unused Commitments of any Defaulting Lender shall be disregarded in determining Required Lenders at any time, except in respect of any matters which would treat the Defaulting Lender differently from the other Lenders in the same Class of Loans.

 “Required Revolving Lenders” means, at any time, Lenders having Revolving Exposure and unused Revolving
Commitments representing more than 50% of the sum of the total Revolving Exposure and unused Revolving Commitments at such time. The Revolving Exposure and unused Revolving Commitments of any Defaulting Lender shall be disregarded in determining
Required Revolving Lenders at any time except in respect of any matters which would treat the Defaulting Lender differently from the other Lenders having Revolving Exposure. 
 1.2 The following definition is added to Section 1.01 of the Credit Agreement: 
 “Related Investment” means an investment by the Company or any of its Subsidiaries in a vendor to the Company or any of its
Subsidiaries or in a Person engaged in a business that is conducted by the Borrower or any of its Subsidiaries on the date of execution of this Agreement and businesses reasonably related thereto. 
 1.3 Reference in the definition of “Change in Control” to “25%” is replaced with “35%”. 
 1.4 Reference in the definition of “Excess Cash Flow” to (a) “non-cash charges” is replaced with “non-cash
losses and non-cash expenses” and (b) “non-cash income items” is replaced with “non-cash gains and other non-cash income”. 
 1.5 The following new Section 2.21 is added to the Credit Agreement: 
 SECTION 2.21
Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (a) if any Swingline Exposure or LC Exposure exists at the time a Lender is a Defaulting Lender, the Borrower shall within
one Business Day following notice by the Administrative Agent (i) prepay such Swingline Exposure or, if agreed by the Swingline Lender, cash collateralize the Swingline Exposure of the Defaulting Lender on terms satisfactory to the Swingline
Lender and (ii) cash collateralize such Defaulting Lender’s LC Exposure in accordance with the procedures set forth in Section 7.01 for so long as such LC Exposure is outstanding; and 
 (b) the Swingline Lender shall not be required to fund any Swingline Loan and the Issuing Bank shall not be required to
issue, amend or increase any Letter of Credit unless it is satisfied that cash collateral will be provided by the Borrower in accordance with Section 2.21(a). 
  

 -3- 

 1.6 Reference in Section 3.04(b) to “December 31, 2006” is replaced with
“December 31, 2008”. 
 1.7 The period at the end of Section 6.04(e) is replaced with “: and” and the
following new Section 6.04(f) is added to the Credit Agreement: 
 (f) Related Investments in an aggregate
amount, measured as of the time made, not to exceed $5,000,000 
 1.8 Section 6.09 entitled “Change of Name or
Location; Change of Fiscal Year” is restated as follows: 
 SECTION 6.09. Change of Name or Location; Change of Fiscal Year. No Loan
Party shall (a) change its name as it appears in official filings in the state of its incorporation or organization, (b) change the type of entity that it is, (c) change its organization identification number, if any, issued by its
state of incorporation or other organization or mailing address, or (d) change its state of incorporation or organization, in each case, unless the Administrative Agent shall have received at least thirty days prior written notice of such
change and the Administrative Agent shall have acknowledged in writing that either (1) such change will not adversely affect the validity, perfection or priority of the Administrative Agent’s security interest in the Collateral, or
(2) any reasonable action requested by the Administrative Agent in connection therewith has been completed or taken (including any action to continue the attachment, priority, perfection or enforceability of any Liens in favor of the
Administrative Agent, on behalf of Lenders, in any Collateral). No Loan Party shall change its chief executive office or principal place of business unless the Administrative Agent shall have received at least thirty days’ prior written notice
of such change and the new chief executive office or principal place of business is located in the continental U.S. and such Loan Party shall have promptly taken any reasonable action requested by the Administrative Agent in connection therewith
(including any action to continue the attachment, priority, perfection or enforceability of any Liens in favor of the Administrative Agent, on behalf of Lenders, in any Collateral). No Loan Party shall change its locations at which Collateral is
held or stored, or the location of its records concerning the Collateral as set forth in the Collateral Documents, in each case, unless the Administrative Agent shall have received at least five days, or thirty days if such new location is located
outside the continental U.S. (or in each of the foregoing cases, such other period of time agreed to by the Borrower and the Administrative Agent from time to time), prior written notice of such change and the Administrative Agent shall have
acknowledged in writing that either (1) such change will not adversely affect the validity, perfection or priority of the Administrative Agent’s security interest in the Collateral, or (2) any reasonable action requested by the
Administrative Agent in connection therewith has been completed or taken (including any action to continue the attachment, priority, perfection or enforceability of any Liens in favor of the Administrative Agent, on behalf of Lenders, in any
Collateral). No Loan Party shall change its Fiscal Year or Fiscal Quarter end. 
 1.9 Section 6.09 entitled
“Amendments to Agreements” is re-designated as Section 6.09-B. 
 1.10 Section 6.12(a) is restated as
follows: 
 (a) Leverage Ratio. Permit or suffer the Leverage Ratio to exceed (i) 1.50 to 1.0 at any
time on or before December 30, 2011 or (iii) 1.25 to 1.0 at any time thereafter. 
  

 -4- 

 1.11 Reference in Section 6.12(b) to “$80,000,000” is deleted and
“$85,000,000” is substituted in place thereof. 
 1.12 Section 6.12(c) is restated as follows: 
 (c) Ratio of Total Liabilities to Tangible Net Worth. Permit or suffer the ratio of the Consolidated Total Liabilities to the
Consolidated Tangible Net Worth to exceed (i) 2.50 to 1.0 at any time on or before December 30, 2011, (ii) 2.25 to 1.0 at any time on or after December 31, 2011 and on or before March 30, 2012, or (iii) 2.00 to 1.0 to
any time thereafter. 
 1.13 The following is added to the end of Section 9.02(b) of the Credit Agreement: “Without
limiting the foregoing, Section 2.21 may not be amended or otherwise modified without the prior written consent of the Administrative Agent, the Issuing Bank and the Swingline Lender.” 
 ARTICLE 2. 
 REPRESENTATIONS 
 The Borrower represents and warrants to the Administrative Agent and the Lenders that:

 2.1 The execution, delivery and performance of this Amendment are within the Borrower’s corporate powers and have been
duly authorized by all necessary corporate and, if required, stockholder action. This Amendment has been duly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity
or at law. 
 2.2 The execution, delivery and performance of this Amendment by the Borrower (a) do not require any consent
or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect, (b) will not violate any applicable law or regulation or the charter,
by-laws or other organizational documents of the Borrower or any of its Subsidiaries or any order of any Governmental Authority, (c) will not violate or result in a default under any indenture, agreement or other instrument binding upon the
Borrower or any of its Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries, and (d) will not result in the creation or imposition of any Lien on any asset
of the Borrower or any of its Subsidiaries. 
 2.3 After giving effect to the amendments herein contained, the representations
and warranties contained in Article III of the Credit Agreement and the representations and warranties contained in the other Loan Documents are true on and as of the date hereof with the same force and effect as if made on and as of the date
hereof. 
 2.4 No Default exists or has occurred and is continuing on the date hereof. 
  

 -5- 

 ARTICLE 3. 
 CONDITIONS PRECEDENT 
 This Amendment shall become effective as of the date
hereof when each of the following conditions is satisfied: 
 3.1 The Borrower and the Required Lenders shall have signed this
Amendment. 
 3.2 The Guarantors shall have signed the Consent and Agreement hereto. 
 3.3 The Borrower shall have paid to the Administrative Agent, for the account of each Lender that has signed this Amendment on or before
5:00 pm EST on the date hereof, a fee in an amount equal to 50.0 basis points on the sum of such Lender’s Revolving Commitment plus the outstanding principal balance of such Lender’s Tranche B Term Loan. 
 3.4 The Borrower shall have delivered or caused to be delivered to the Administrative Agent such other documents and satisfied such other
conditions as required by the Administrative Agent. 
 ARTICLE 4. 
 MISCELLANEOUS. 
 4.1 References in the Credit
Agreement or in any other Loan Document to the Credit Agreement shall be deemed to be references to the Credit Agreement as amended hereby and as further amended from time to time. 
 4.2 Except as expressly amended hereby, each of the Borrower and each Guarantor (by Consent and Agreement hereto) acknowledges and agrees
that (a) the Credit Agreement and all other Loan Documents are ratified and confirmed and shall remain in full force and effect, (b) it has no set off, counterclaim, defense or other claim or dispute with respect to any Loan Document, and
(c) it has no actual or potential claim or cause of action against the Administrative Agent or any Lender with respect to any matters through the date hereof, and hereby waives and agrees not to assert any claims or causes of action against the
Administrative Agent, any Lender or any of their Affiliates, or any of their respective officers, directors, employees, attorneys and agents, on any theory of liability, whether known or unknown, matured or contingent, including, without limitation,
for special, indirect, consequential or punitive damages, arising by virtue of any actions taken, actions omitted, or the occurrence of any event prior to the date hereof, arising out of or relating to, or in connection with, this Amendment, the
other Loan Documents or any of the transactions entered into in connection therewith or contemplated thereby. 
 4.3 This
Amendment shall be governed by and construed in accordance with the laws of the State of Michigan. This Amendment may be signed upon any number of counterparts with the same effect as if the signatures thereto and hereto were upon the same
instrument, and signatures sent by facsimile or electronic mail message shall be effective as originals. Terms used but not defined herein shall have the respective meanings ascribed thereto in the Credit Agreement. This Amendment is a Loan
Document. 
  

 -6- 

 IN WITNESS WHEREOF, the parties signing this Amendment have caused this Amendment to be
executed and delivered as of the day and year first above written. 
  

					
	ASSET ACCEPTANCE CAPITAL CORP.
		
	By 	 	/s/ MARK A. REDMAN
		 	Name:	 	Mark A. Redman
		 	Title:	 	SVP & Chief Financial Officer

  

 -7- 

					
	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION individually and as Administrative Agent,
		
	By 	 	/s/ CARLTON M. FAISON
		 	Name:	 	Carlton M. Faison
		 	Title:	 	Senior Vice President

  

 -8- 

					
	RBS CITIZENS, N.A. (f/k/a Charter One Bank, N.A.)
		
	By 	 	/s/ ANDRE A. NAZARETH
		 	Name:	 	Andre A. Nazareth
		 	Title:	 	Senior Vice President

  

 -9- 

					
	CITIZENS BANK
		
	By 	 	/s/ KATHRYN M. RITTER
		 	Name:	 	Kathryn M. Ritter
		 	Title:	 	FVP

  

 -10- 

					
	COMERICA BANK
		
	By 	 	/s/ CHRIS UHL
		 	Name:	 	Chris Uhl
		 	Title:	 	AVP

  

 -11- 

					
	FIFTH THIRD BANK, an Ohio banking corporation, successor by merger with Fifth Third Bank, a Michigan banking corporation
		
	By 	 	/s/ KELLY M. HAMRICK
		 	Name:	 	Kelly M. Hamrick
		 	Title:	 	Vice President

  

 -12- 

					
	BANK OF AMERICA, N.A., successor to LASALLE BANK MIDWEST N.A.
		
	By 	 	/s/ NEIL HILTON
		 	Name:	 	Neil Hilton
		 	Title:	 	SVP

  

 -13- 

					
	BANK OF SCOTLAND PLC
		
	By 	 	/s/ JULIA R. FRANKLIN
		 	Name:	 	Julia R. Franklin
		 	Title:	 	Assistant Vice President

  

 -14- 

					
	BMO CAPITAL MARKETS FINANCING, INC.
		
	By 	 	/s/ CATHERINE GRYEZ
		 	Name:	 	Catherine Gryez
		 	Title:	 	Vice President

  

 -15- 

					
	NATIONAL CITY BANK
		
	By 	 	/s/ STEVEN E. DICKER
		 	Name:	 	Steven E. Dicker
		 	Title:	 	Vice President

  

 -16- 

					
	ISRAEL DISCOUNT BANK OF NEW YORK
		
	By 	 	/s/ JEFFREY S. ACKERMAN
		 	Name:	 	Jeffrey S. Ackerman
		 	Title:	 	Senior Vice President

  

					
		
	By 	 	/s/ MICHAEL KERNEKLIAN
		 	Name:	 	Michael Kerneklian
		 	Title:	 	Vice President

  

 -17- 

					
	Term Loan B Lenders:
	
	Name: Airlie CLO 2006-I, Ltd.
		
	By 	 	/s/ COLIN DONLAN
		 	Name:	 	Colin Donlan
		 	Title:	 	Authorized Signatory

  

 -18- 

					
	Term Loan B Lenders:
	
	 Name: AMMC CLO VI, LIMITED
 By: American Money Management Corp., as        Collateral Manager

		
	By 	 	/s/ KENNETH J. BUSHMAN
		 	Name:	 	Kenneth J. Bushman
		 	Title:	 	Vice President

  

 -19- 

					
	Term Loan B Lenders:
	
	Name: Apidos CDO I
	By its investment adviser Apidos Capital Management, LLC
		
	By 	 	/s/ GRETCHEN BERGSTRESSER
		 	Name:	 	Gretchen Bergstresser
		 	Title:	 	Managing Director

  

					
	Name: Apidos CDO II
	By its investment adviser Apidos Capital Management, LLC
		
	By 	 	/s/ GRETCHEN BERGSTRESSER
		 	Name:	 	Gretchen Bergstresser
		 	Title:	 	Managing Director

  

					
	Name: Apidos CDO III
	By its investment adviser Apidos Capital Management, LLC
		
	By 	 	/s/ GRETCHEN BERGSTRESSER
		 	Name:	 	Gretchen Bergstresser
		 	Title:	 	Managing Director

  

					
	Name: Apidos CDO IV
	By its investment adviser Apidos Capital Management, LLC
		
	By 	 	/s/ GRETCHEN BERGSTRESSER
		 	Name:	 	Gretchen Bergstresser
		 	Title:	 	Managing Director

  

					
	Name: Apidos Cinco CDO
	By its investment adviser Apidos Capital Management, LLC
		
	By 	 	/s/ GRETCHEN BERGSTRESSER
		 	Name:	 	Gretchen Bergstresser
		 	Title:	 	Managing Director

  

 -20- 

			
	Term Loan B Lenders:
	
	Name: Atrium VI
		 	      By: Credit Suisse Alternative Capital Inc.,       as collateral manager
		
	By 	 	/s/ THOMAS FLANNERY
		 	Name: Thomas Flannery
		 	Title:   Authorized Signatory

  

 -21- 

			
	Term Loan B Lenders:
	
	Name: BIG SKY III SENIOR LOAN TRUST
	BY: EATON VANCE MANAGEMENT
	AS INVESTMENT ADVISOR
		
	By 	 	/s/ CRAIG P. RUSS
		 	Name: Craig P. Russ
		 	Title:   Vice President

  

 -22- 

			
	Term Loan B Lenders:
	
	 Name: BlackRock Senior Income Series V Limited
 Longhorn CDO III Ltd.

		
	By 	 	/s/ ANNMARIE SMITH
		 	Name: AnnMarie Smith
		 	Title:   Authorized Signatory

  

 -23- 

			
	Term Loan B Lenders:
	
	 Name: CIFC FUNDING 2007-III, Ltd.
 CIFC FUNDING 2007-IV, Ltd.

		
	By 	 	/s/ STEVE VACCARO
		 	Name: Steve Vaccaro
		 	Title:   Co-Chief Investment Officer

  

 -24- 

			
	Term Loan B Lenders:
	
	Name: ColumbusNova CLO Ltd. 2006-I
		
	By 	 	/s/ BENJAMIN PETERSON
		 	Name: Benjamin Peterson
		 	Title:   Associate Director

  

 -25- 

			
	Term Loan B Lenders:
	
	Name: ColumbusNova CLO Ltd. 2006-II
		
	By 	 	/s/ BENJAMIN PETERSON
		 	Name: Benjamin Peterson
		 	Title:   Associate Director

  

 -26- 

			
	Term Loan B Lenders:
	
	Name: ColumbusNova CLO Ltd. 2007-I
		
	By 	 	/s/ BENJAMIN PETERSON
		 	Name: Benjamin Peterson
		 	Title:   Associate Director

  

 -27- 

			
	Term Loan B Lenders:
	
	Name: ColumbusNova CLO IV Ltd. 2007-II
		
	By 	 	/s/ BENJAMIN PETERSON
		 	Name: Benjamin Peterson
		 	Title:   Associate Director

  

 -28- 

			
	Term Loan B Lenders:
	
	Name: EAGLE LOAN TRUST
	 By: Stanfield Capital Partners, LLC
 as its Collateral Manager

		
	By 	 	/s/ CHRISTOPHER E. JANSEN
		 	Name: Christopher E. Jansen
		 	Title:   Managing Partner

  

 -29- 

			
	Term Loan B Lenders:
	
	Name: Eaton Vance CDO VIII, Ltd.
	 By: Eaton Vance Management
 as Investment Advisor

		
	By 	 	/s/ CRAIG P. RUSS
		 	Name: Craig P. Russ
		 	Title:   Vice President

  

 -30- 

			
	Term Loan B Lenders:
	
	Name: Eaton Vance CDO IX, Ltd.
	 By: Eaton Vance Management
 as Investment Advisor

		
	By 	 	/s/ CRAIG P. RUSS
		 	Name: Craig P. Russ
		 	Title:   Vice President

  

 -31- 

			
	Term Loan B Lenders:
	
	Name: Eaton Vance Loan Opportunities Fund, LTD.
	 By: Eaton Vance Management
 as Investment Advisor

		
	By 	 	/s/ CRAIG P. RUSS
		 	Name: Craig P. Russ
		 	Title:   Vice President

  

 -32- 

			
	Term Loan B Lenders:
	
	Name: EATON VANCE INSTITUTIONAL SENIOR LOAN FUND
	 By: Eaton Vance Management
 as Investor Advisor

		
	By 	 	/s/ CRAIG P. RUSS
		 	Name: Craig P. Russ
		 	Title:   Vice President

 _ 
  

 -33- 

			
	Term Loan B Lenders:
	
	Name: Eaton Vance
	VT FLOATING-RATE INCOME FUND
	 By: Eaton Vance Management
 as Investor Advisor

		
	By 	 	/s/ CRAIG P. RUSS
		 	Name: Craig P. Russ
		 	Title:   Vice President

  

 -34- 

			
	Term Loan B Lenders:
	
	Name: 1888 FUND, LTD.
	 By: Guggenheim Investment Management, LLC
 as Collateral Manager

		
	By 	 	/s/ KAITLIN TRINH
		 	Name: Kaitlin Trinh
		 	Title:   Director

  

 -35- 

			
	Term Loan B Lenders:
	
	FM LEVERAGED CAPITAL FUND II
	 By: GSO/BLACKSTONE Debt Funds Management LLC as Subadviser to FriedbergMilstein LLC

		
	By 	 	/s/ DEAN T. CRIARES
		 	Name: Dean T. Criares
		 	Title:   Authorized Signatory
	
	GALE FORCE 4 CLO, LTD.
	By: GSO/BLACKSTONE Debt Funds Management LLC as Collateral Manager
		
	By 	 	/s/ DEAN T. CRIARES
		 	Name: Dean T. Criares
		 	Title:   Authorized Signatory
	
	TRIBECA PARK CLO LTD.
	By: GSO/BLACKSTONE Debt Funds Management LLC as collateral Manager
		
	By 	 	/s/ DEAN T. CRIARES
		 	Name: Dean T. Criares
		 	Title:   Authorized Signatory

  

 -36- 

			
	Term Loan B Lenders:
	
	GENERAL ELECTRIC CAPITAL CORPORATION
		
	By 	 	/s/ JEFFREY SKINNER
		 	Duly Authorized Signatory

  

 -37- 

			
	Term Loan B Lenders:
	
	Name: GRAYSON & CO
	BY: BOSTON MANAGEMENT AND RESEARCH AS INVESTMENT ADVISOR
		
	By 	 	/s/ CRAIG P. RUSS
		 	Name: Craig P. Russ
		 	Title:   Vice President

  

 -38- 

			
	Term Loan B Lenders:
	
	Name: GREEN LANE CLO, LTD.
	 BY: Guggenheim Investment Management, LLC
 as Collateral Manager

		
	By 	 	/s/ KAITLIN TRINH
		 	Name: Kaitlin Trinh
		 	Title:   Director

  

 -39- 

			
	Term Loan B Lenders:
	
	GULF STREAM-SEXTANT CLO 2007-I, LTD.
	 BY: Gulf Stream Asset Management, LLC
 As Collateral Manager

		
	By 	 	/s/ BARRY K. LOVE
		 	Name: Barry K. Love
		 	Title:   Chief Credit Officer

  

 -40- 

			
	Term Loan B Lenders:
	
	KINGSLAND I, LTD.
	 BY:  Kingsland Capital Management LLC
 as Manager

		
	By	 	/s/ VINCENT SIINO
	Name:	 	Vincent Siino
	Title:	 	Authorized Officer

  

 -41- 

			
	Term Loan B Lenders:
	
	KINGSLAND III, LTD.
	 BY:  Kingsland Capital Management LLC
 as Manager

		
	By	 	/s/ VINCENT SIINO
	Name:	 	Vincent Siino
	Title:	 	Authorized Officer

  

 -42- 

			
	Term Loan B Lenders:
	
	KINGSLAND IV, LTD.
	 BY:  Kingsland Capital Management LLC
 as Manager

		
	By	 	/s/ VINCENT SIINO
	Name:	 	Vincent Siino
	Title:	 	Authorized Officer

  

 -43- 

			
	Term Loan B Lenders:
	
	KINGSLAND V, LTD.
	 BY:  Kingsland Capital Management LLC
 as Manager

		
	By	 	/s/ VINCENT SIINO
	Name:	 	Vincent Siino
	Title:	 	Authorized Officer

  

 -44- 

			
	Term Loan B Lenders:
	
	Name:  LightPoint CLO III, Ltd.
		
	By	 	/s/ COLIN DONLAN
	Name:	 	Colin Donlan
	Title:	 	Authorized Signatory

  

 -45- 

			
	Term Loan B Lenders:
	
	Name:  LightPoint CLO IV, Ltd.
		
	By	 	/s/ COLIN DONLAN
	Name:	 	Colin Donlan
	Title:	 	Authorized Signatory

  

 -46- 

			
	Term Loan B Lenders:
	
	Name:  LightPoint CLO V, Ltd.
		
	By	 	/s/ COLIN DONLAN
	Name:	 	Colin Donlan
	Title:	 	Authorized Signatory

  

 -47- 

			
	Term Loan B Lenders:
	
	Name:  LightPoint CLO VII, Ltd.
		
	By	 	/s/ COLIN DONLAN
	Name:	 	Colin Donlan
	Title:	 	Authorized Signatory

  

 -48- 

			
	Term Loan B Lenders:
	
	Name:  LightPoint CLO VIII, Ltd.
		
	By	 	/s/ COLIN DONLAN
	Name:	 	Colin Donlan
	Title:	 	Authorized Signatory

  

 -49- 

			
	Term Loan B Lenders:
	
	 Name:  FEINGOLD O’KEEFFE CAPITAL, LLC
 As Collateral Manager for
 Lime Street CLO, Ltd.

		
	By	 	/s/ SCOTT DORSI
	Name:	 	Scott Dorsi
	Title:	 	Portfolio Manager

  

 -50- 

			
	Term Loan B Lenders:
	
	Name:
	 BlackRock Senior Income Series V Limited
 Longhorn CDO III Ltd.

		
	By	 	/s/ ANNMARIE SMITH
	Name:	 	AnnMarie Smith
	Title:	 	Authorized Signatory

  

 -51- 

			
	Term Loan B Lenders:
	
	Name:  Mountain View CLO III, Ltd.
	 By:  Seix Investment Advisors LLC, as Collateral Manager

		
	By	 	/s/ GEORGE GOUDELIAS
	Name:	 	George Goudelias
	Title:	 	Managing Director

  

 -52- 

			
	Term Loan B Lenders:
	
	 Name:  THE NORINCHUKIN BANK, NEW YORK BRANCH,
 through State Street Bank and Trust Company N.A. as
 Fiduciary Custodian

	By:  Eaton Vance Management, Attorney-in-fact
		
	By	 	/s/ CRAIG P. RUSS
	Name:	 	Craig P. Russ
	Title:	 	Vice President

  

 -53- 

			
	Term Loan B Lenders:
		
	Name:	 	 Pioneer Floating Rate Fund
 Pioneer Diversified High Income Trust
 Pioneer Institutional Solutions – Credit
Opportunities

	
	 By:  Pioneer Investment Management, Inc.,
 Its advisor

		
	By	 	/s/ MARGARET C. BEGLEY
	Name:	 	Margaret C. Begley
	Title:	 	Assistant Secretary and Associate General Counsel
		
	Name:	 	Montpeller Investments Holdings, Ltd.
		
	By:	 	 Pioneer Investment Management, Inc.,
 Its advisor

		
	By	 	/s/ MARGARET C. BEGLEY
	Name:	 	Margaret C. Begley
	Title:	 	Assistant Secretary and Associate General Counsel

  

 -54- 

			
	Term Loan B Lenders:
	
	PPM GRAYHAWK CLO, LTD.
		
	By	 	/s/ DAVID C. WAGNER
	PPM America, Inc., as Collateral Manager
	Name:	 	David C. Wagner
	Title:	 	Managing Director

  

 -55- 

			
	Term Loan B Lenders:
	
	Name:  PPM Shadow Creek Funding LLC
		
	By	 	/s/ STACY LAI
	Name:	 	Stacy Lai
	Title:	 	Assistant Vice President

  

 -56- 

			
	Term Loan B Lenders:
	
	PROSPERO CLO II B.V.
		
	By	 	/s/ WILLIAM LEMBERG
	Name:	 	WILLIAM LEMBERG
	Title:	 	SENIOR VICE PRESIDENT

  

 -57- 

			
	Term Loan B Lenders:
	
	SFR, LTD.
	 By:  Four Corners Capital Management, LLC
 As Collateral Manager

	
	/s/ MATT O’MARA
	Matt O’Mara
	Vice President

  

 -58- 

			
	Term Loan B Lenders:
		
	Name:	 	 Shiprock Finance, SPC, acting on behalf of and for the account of SF-3 Segregated Portfolio

		
	By	 	/s/ MATTHEW GARVIE
	Name:	 	Matthew Garvie
	Title:	 	Vice President

  

 -59- 

			
	Term Loan B Lenders:
		
	Name:	 	 Stanfield Arnage CLO Ltd.
 By:
Stanfield Capital Partners, LLC
 as its Collateral Manager

		
	By	 	/s/ CHRISTOPHER E. JANSEN
	Name:	 	Christopher E. Jansen
	Title:	 	Managing Partner

  

 -60- 

			
	Term Loan B Lenders:
		
	Name:	 	Stanfield AZURE CLO, Ltd.
		 	By: Stanfield Capital Partners, LLC
		 	as its Collateral Manager
		
	By	 	/s/ CHRISTOPHER E. JANSEN
	Name:	 	Christopher E. Jansen
	Title:	 	Managing Partner

  

 -61- 

			
	Term Loan B Lenders:
		
	Name:	 	Stanfield Bristol CLO, Ltd.
		 	By: Stanfield Capital Partners, LLC
		 	as its Collateral Manager
		
	By	 	/s/ CHRISTOPHER E. JANSEN
	Name:	 	Christopher E. Jansen
	Title:	 	Managing Partner

  

 -62- 

			
	Term Loan B Lenders:
		
	Name:	 	Stanfield Carrera CLO, Ltd.
		 	By: Stanfield Capital Partners, LLC
		 	as its Asset Manager
		
	By	 	/s/ CHRISTOPHER E. JANSEN
	Name:	 	Christopher E. Jansen
	Title:	 	Managing Partner

  

 -63- 

			
	Term Loan B Lenders:
		
	Name:	 	Stanfield Daytona CLO, Ltd.
		 	By: Stanfield Capital Partners, LLC
		 	as its Collateral Manager
		
	By	 	/s/ CHRISTOPHER E. JANSEN
	Name:	 	Christopher E. Jansen
	Title:	 	Managing Partner

  

 -64- 

			
	Term Loan B Lenders:
		
	Name:	 	Stanfield McLaren CLO, Ltd.
		 	By: Stanfield Capital Partners, LLC
		 	as its Collateral Manager
		
	By	 	/s/ CHRISTOPHER E. JANSEN
	Name:	 	Christopher E. Jansen
	Title:	 	Managing Partner

  

 -65- 

			
	Term Loan B Lenders:
		
	Name:	 	Stanfield Modena CLO, Ltd.
		 	By: Stanfield Capital Partners, LLC
		 	as its Asset Manager
		
	By	 	/s/ CHRISTOPHER E. JANSEN
	Name:	 	Christopher E. Jansen
	Title:	 	Managing Partner

  

 -66- 

			
	Term Loan B Lenders:
		
	Name:	 	Stanfield Vantage CLO, Ltd.
		 	By: Stanfield Capital Partners, LLC
		 	as its Asset Manager
		
	By	 	/s/ CHRISTOPHER E. JANSEN
	Name:	 	Christopher E. Jansen
	Title:	 	Managing Partner

  

 -67- 

			
	Term Loan B Lenders:
		
	Name:	 	Stanfield Veyron CLO, Ltd.
		 	By: Stanfield Capital Partners, LLC
		 	as its Collateral Manager
		
	By	 	/s/ CHRISTOPHER E. JANSEN
	Name:	 	Christopher E. Jansen
	Title:	 	Managing Partner

  

 -68- 

			
	Term Loan B Lenders:
		
	Name:	 	Tralee CDO I, Ltd.
		 	By: Par-Four Investment Management, LLC
		 	as Collateral Manager
		
	By	 	/s/ EDWARD LABRENZ
	Name:	 	Edward Labrenz
	Title:	 	Authorized Signatory

  

 -69- 

			
	Term Loan B Lenders:
		
	Name:	 	WhiteHorse I, Ltd.
		 	By WhiteHorse Capital Partners, L.P.
		 	  As collateral manager
		 	By WhiteRock Asset Advisor, LLC, its G.P.
		
	By	 	/s/ ETHAN M. UNDERWOOD
	Name:	 	Ethan M. Underwood, CFA
	Title:	 	Portfolio Manager

  

 -70- 

			
	Term Loan B Lenders:
		
	Name:	 	XL Re Europe Limited
		 	By: Stanfield Capital Partners, LLC
		 	signed as: its Collateral Manager
		
	By	 	/s/ CHRISTOPHER E. JANSEN
	Name:	 	Christopher E. Jansen
	Title:	 	Managing Partner

  

 -71- 

 CONSENT AND AGREEMENT 
 As of the date and year first above written, each of the undersigned hereby: 
 (a) fully consents to the terms and provisions of the above Amendment and the consummation of the transactions contemplated hereby and
acknowledges and agrees to all of the representations, covenants, terms and provisions of the above Amendment applicable to it; 
 (b) represents and warrants to the Administrative Agent and the Lenders that (i) the execution, delivery and performance of this Consent and Agreement are within its corporate powers and have been duly authorized by all necessary
corporate and, if required, stockholder action, (ii) this Consent and Agreement has been duly executed and delivered by it and constitutes a legal, valid and binding obligation of it, enforceable in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law and
(iii) the execution, delivery and performance of this Consent and Agreement by it (w) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been
obtained or made and are in full force and effect, (x) will not violate any applicable law or regulation or its charter, by-laws or other organizational documents or any of its Subsidiaries or any order of any Governmental Authority,
(y) will not violate or result in a default under any indenture, agreement or other instrument binding upon it or any of its Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by it or any of its
Subsidiaries, and (z) will not result in the creation or imposition of any Lien on any of its assets; and 
 (c)
acknowledges that its consent and agreement hereto is a condition to the Lenders’ obligation under the above Amendment and it is in its interest and to its financial benefit to execute this consent and agreement. 
  

					
	ASSET ACCEPTANCE, LLC
		
	By 	 	/s/ MARK A. REDMAN
		 	Name:	 	Mark A. Redman
		 	Title:	 	Manager

  

					
	CONSUMER CREDIT, LLC
		
	By 	 	/s/ MARK A. REDMAN
		 	Name:	 	Mark A. Redman
		 	Title:	 	Manager

  

					
	PREMIUM ASSET RECOVERY CORPORATION
		
	By 	 	/s/ MARK A. REDMAN
		 	Name:	 	Mark A. Redman
		 	Title:	 	Assistant Secretary & Treasurer

  

 -72-Third Modification Agreement

 EXHIBIT 10.41 
 Loan No. 102495 
 THIRD MODIFICATION AGREEMENT 

 Secured Loan 
 THIS THIRD MODIFICATION AGREEMENT (“Agreement”) dated October 10, 2009 is entered into by and between WELLS FARGO BANK, NATIONAL ASSOCIATION (“Lender”), and TPG-EL SEGUNDO PARTNERS, LLC, a California limited
liability company (“Borrower”). 
 R E C I T A L S 
  

	 	A.	Pursuant to the terms of a Loan Agreement between Borrower and Lender dated October 10, 2005 (as amended, the “Loan Agreement”), as amended by the
Modification Agreement, dated September 14, 2006, and the Second Modification Agreement, dated September 29, 2006, Lender made a loan to Borrower in the principal amount of Nineteen Million Five Hundred Thousand Dollars ($19,500,000) (the
“Loan”). The Loan is evidenced by a Promissory Note Secured by Deed of Trust dated as of the date of the Loan Agreement, executed by Borrower in favor of Lender, in the principal amount of the Loan (the “Note”), and is further
evidenced by the documents described in the Loan Agreement as “Loan Documents”. The Note is secured by, among other things, a Deed of Trust With Absolute Assignment of Leases and Rents, Security Agreement and Fixture Filing (as amended,
the “Deed of Trust”) dated October 10, 2005, executed by Borrower, as Trustor, to American Securities Company, as Trustee, in favor of Lender, as Beneficiary. The Deed of Trust was recorded October 12, 2005, as Instrument or
Document No. 05-2452852, in the Official Records of Los Angeles County, California, and amended by the Memorandum of Modification Agreement Amending Deed of Trust, dated September 14, 2006, and recorded September 20, 2006, as
Instrument or Document No. 06-2089145, in the Official Records of Los Angeles County, California, and the Memorandum of Second Modification Agreement Amending Deed of Trust, dated September 29, 2006 and recorded October 3, 2006, as
Instrument or Document No. 06-2202262, in the Official Records of Los Angeles County, California. 

  

	 	B.	As of the date hereof, the outstanding principal balance of the Loan is $17,000,000 and the undisbursed commitment amount is $0. 

  

	 	C.	The Note, Deed of Trust, Loan Agreement, this Agreement, the other documents described in the Loan Agreement as “Loan Documents”, together with all
modifications and amendments thereto and any document required hereunder, are collectively referred to herein as the “Loan Documents”. 

  

	 	D.	By this Agreement, Borrower and Lender intend to modify and amend certain terms and provisions of the Loan Documents. 

 NOW, THEREFORE, Borrower and Lender agree as follows: 
  

	1.	CONDITIONS PRECEDENT. The following are conditions precedent to Lender’s obligations under this Agreement: 

  

	 	1.1	Receipt and approval by Lender of a date down to Title Policy No. 201057070 dated October 12, 2005, issued by Chicago Title Insurance Company (“Title
Company”) and assurance acceptable to Lender, including, without limitation, CLTA Endorsement No. 110.5, without deletion or exception other than those expressly approved by Lender in writing, that the priority and validity of the Deed of
Trust has not been and will not be impaired by this Agreement or the transactions contemplated hereby; 

  

	 	1.2	Receipt by Lender of the executed originals of this Agreement, the Amended and Restated Promissory Note Secured by Deed of Trust, which note amends, restates and
replaces the Note (the “Amended Note”), the Amended and Restated Repayment Guaranty, which guaranty amends, restates and replaces the repayment guaranties previously executed by Thomas Properties Group, Inc., and Thomas Properties Group,
L.P. (the “Amended Guaranty”), the short form of this Agreement (the “Short Form”) and any and all other documents and agreements which are required by this Agreement or by any other Loan Document, each in form and content
acceptable to Lender; 

  

 Page 1 

 Loan No. 102495 
  

	 	1.3	Recordation in the Official Records of the County where the Property is located of (i) the Short Form, and (ii) any other documents which are required to be
recorded by this Agreement or by any other Loan Document (if any); 

  

	 	1.4	Reimbursement to Lender by Borrower of Lender’s costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby, including,
without limitation, title insurance costs, recording fees, attorneys’ fees, appraisal, engineers’ and inspection fees and documentation costs and charges, whether such services are furnished by Lender’s employees or agents or by
independent contractors, an Internal Administrative Expense Fee in the amount of $2,500, and an Appraisal Fee in the amount of $8,400; 

  

	 	1.5	The representations and warranties contained in this Agreement are true and correct; 

  

	 	1.6	All payments due and owing to Lender under the Loan Documents have been paid current as of the effective date of this Agreement; and 

  

	 	1.7	The payment to Lender of an extension fee in the amount of $170,000. 

  

	2.	INCORPORATION OF RECITALS; EFFECTIVE DATE. The foregoing recitals are incorporated herein as an agreement of Borrower and Lender. The date of this
Agreement is for reference purposes only. With the exception of the Borrower’s and Lender’s obligations under the Amended Note, the effective date of Borrower’s and Lender’s obligations under this Agreement is the date of
recordation of the Short Form in the Official Records of Los Angeles County, California (the “Effective Date”). The effective date of Borrower’s and Lender’s obligations under the Amended Note shall be October 10, 2009.

  

	3.	REPRESENTATIONS AND WARRANTIES. Borrower hereby represents and warrants that no Default, breach or failure of condition has occurred, or would exist with
notice or the lapse of time or both, under any of the Loan Documents (as modified by this Agreement) and that all representations and warranties herein and in the other Loan Documents are true and correct, which representations and warranties shall
survive execution of this Agreement. 

  

	4.	MODIFICATION OF LOAN DOCUMENTS. The Loan Documents are hereby supplemented and modified to incorporate the following, which shall supersede and prevail
over any conflicting provisions of the Loan Documents: 

  

	 	4.1	Defined Terms. Section 1.1 of the Loan Agreement is hereby amended as follows: 

  

	 	(a)	First Extended Maturity Date. The defined term “First Extended Maturity Date” is hereby deleted and replaced in its entirety with the following:

 “First Extended Maturity Date” means July 31, 2012. 
  

	 	(b)	Loan. The defined term “Loan” is hereby deleted and replaced in its entirety with the following: 

 “Loan” means the principal sum that Lender agrees to lend and Borrower agrees to borrow pursuant to the terms and
conditions of this Agreement: Seventeen Million Dollars ($17,000,000). 
  

	 	(c)	“Original Maturity Date” The defined term “Original Maturity Date” is hereby deleted and replaced in its entirety with the following:

 “Original Maturity Date” means July 31, 2011. 
  

	 	(d)	Par FAR Value. A new defined term “Par FAR Value” is hereby added as follows: 

 “Par FAR Value” means the dollar amount determined by multiplying the commitment amount of the Loan (as of the date of
determination) by a fraction, the numerator of which is the total developable square footage allocated to the Lot being released, and the denominator of which is the total developable square footage of all Property then encumbered by the Deed of
Trust (including the Lot being released). 
  

 Page 2 

 Loan No. 102495 
  

	 	(e)	Par Land Value. A new defined term “Par Land Value” is hereby added as follows: 

 “Par Land Value” means the dollar amount determined by multiplying the commitment amount of the Loan (as of the date of
determination) by a fraction, the numerator of which is the square footage of the land comprising the Lot being released, and the denominator of which is the square footage of all land then encumbered by the Deed of Trust (including the Lot being
released). 
  

	 	(f)	Par Loan Amount. A new defined term “Par Loan Amount” is hereby added as follows: 

 “Par Loan Amount” means, with respect to a particular Lot, the amount equal to the average of the Par Land Value and the
Par FAR Value of such Lot. 
  

	 	(g)	“Prime Rate”. The defined term “Prime Rate” is hereby deleted. 

  

	 	(h)	Release Price. A new defined term “Release Price” is hereby added as follows: 

 “Release Price” means, with respect to each Lot, the amount equal to one hundred fifteen percent (115%) of the Par
Loan Amount allocable to such Lot. In no event shall the Release Price exceed the amount outstanding under the Loan. 
  

	 	(i)	“Second Extended Maturity Date” The defined term “Second Extended Maturity Date” is hereby deleted and replaced in its entirety with the
following: 

 “Second Extended Maturity Date” means July 31, 2013. 
  

	 	(j)	“Third Extended Maturity Date” The defined term “Third Extended Maturity Date” is hereby deleted and replaced in its entirety with the
following: 

 “Third Extended Maturity Date” means July 31, 2014. 
  

	 	(k)	“Variable Rate”. The defined term “Variable Rate” is hereby deleted. 

  

	 	4.2	Partial Reconveyance of Lots. Sections 2.9(d)(ii) and 2.9(d)(iii) of the Loan Agreement are hereby deleted in their entirety. 

  

	 	4.3	First Option to Extend. Section 2.10 of the Loan Agreement is hereby deleted and replaced in its entirety with the following: 

 “2.10 FIRST OPTION TO EXTEND. Borrower shall have the option to extend the term of the Loan from the Original Maturity Date to
the First Extended Maturity Date, upon satisfaction of each of the following conditions precedent: 
  

	 	(a)	Borrower shall provide Lender with written notice of Borrower’s request to exercise the First Option to Extend not more than ninety (90) days but not less
than thirty (30) days prior to the Original Maturity Date; and 

  

	 	(b)	As of the date of Borrower’s delivery of notice of request to exercise the First Option to Extend, and as of the Original Maturity Date, no Default shall have
occurred and be continuing, and no event or condition which, with the giving of notice or the passage of time or both, would constitute a Default shall have occurred and be continuing, and Borrower shall so certify in writing; and

  

	 	(c)	Borrower shall execute or cause the execution of all documents reasonably required by Lender to exercise the First Option to Extend and shall deliver to Lender, at
Borrower’s sole cost and expense, such title insurance endorsements reasonably required by Lender; and 

  

 Page 3 

 Loan No. 102495 
  

	 	(d)	Guarantor shall have confirmed that it remains in compliance with the financial covenants in the Guaranty; and 

  

	 	(e)	On the Original Maturity Date, Borrower shall pay to Lender an extension fee in the amount of three eighths of one percent (.375%) of the total commitment amount of the
Loan, as determined on the Original Maturity Date; and 

  

	 	(f)	At Lender’s option, Lender shall have received a written appraisal dated within 90 days of the Original Maturity Date and prepared in conformance with the
requirements of the Comptroller of the Currency confirming to the satisfaction of Lender that the commitment amount of the Loan as a percentage of the as-is bulk value of the portion of the Property then remaining encumbered by the Deed of Trust
(after adjustment for senior liens and regular and special tax assessments) as of the Original Maturity Date does not exceed the Loan-to-Value Percentage; provided, however, if such as-is bulk value is not adequate to meet the required Loan-to-Value
Percentage, then Borrower shall pay down the outstanding principal balance of the Loan such that said Loan-to-Value Percentage may be met. Any amounts repaid may not be reborrowed; and 

  

	 	(g)	Borrower shall repay $2,500,000 of the outstanding principal amount of the Loan; provided, that (i) any amount repaid in accordance with clause (f) above
and/or (ii) any Release Price paid pursuant to Section 2.9, shall be credited against such $2,500,000 payment. By way of example, if Borrower repays $1,000,000 in accordance with clause (f) above and pays $1,000,000 in Release Prices
pursuant to Section 2.9, then Borrower shall be required to repay an additional $500,000 in accordance with this clause (g). Notwithstanding the foregoing, if the outstanding principal amount of the Loan is less than $14,500,000 as of the
Original Maturity Date, then Borrower shall not be required to make any payments in accordance with this clause (g). Any amounts repaid may not be reborrowed. 

 Except as modified by the First Option to Extend, the terms and condition of this Agreement and the other Loan Documents, as modified and
approved by Lender, shall remain unmodified and in full force and effect.” 
  

	 	4.4	Second Option to Extend. Section 2.11 of the Loan Agreement is hereby deleted and replaced in its entirety with the following: 

 “2.11 SECOND OPTION TO EXTEND. Borrower shall have the option to extend the term of the Loan from the First Extended Maturity
Date to the Second Extended Maturity Date, upon satisfaction of each of the following conditions precedent: 
  

	 	(a)	Borrower shall provide Lender with written notice of Borrower’s request to exercise the Second Option to Extend not more than ninety (90) days but not less
than thirty (30) days prior to the First Extended Maturity Date; and 

  

	 	(b)	As of the date of Borrower’s delivery of notice of request to exercise the Second Option to Extend, and as of the First Extended Maturity Date, no Default shall
have occurred and be continuing, and no event or condition which, with the giving of notice or the passage of time or both, would constitute a Default shall have occurred and be continuing, and Borrower shall so certify in writing; and

  

	 	(c)	Borrower shall execute or cause the execution of all documents reasonably required by Lender to exercise the Second Option to Extend and shall deliver to Lender, at
Borrower’s sole cost and expense, such title insurance endorsements reasonably required by Lender; and 

  

	 	(d)	Guarantor shall have confirmed that it remains in compliance with the financial covenants in the Guaranty; and 

  

 Page 4 

 Loan No. 102495 
  

	 	(e)	On the First Extended Maturity Date, Borrower shall pay to Lender an extension fee in the amount of three eighths of one percent (.375%) of the total commitment amount
of the Loan, as determined on the First Extended Maturity Date; and 

  

	 	(f)	At Lender’s option, Lender shall have received a written appraisal dated within 90 days of the First Extended Maturity Date and prepared in conformance with the
requirements of the Comptroller of the Currency confirming to the satisfaction of Lender that the commitment amount of the Loan as a percentage of the as-is bulk value of the portion of the Property then remaining encumbered by the Deed of Trust
(after adjustment for senior liens and regular and special tax assessments) as of the First Extended Maturity Date does not exceed the Loan-to-Value Percentage; provided, however, if such as-is bulk value is not adequate to meet the required
Loan-to-Value Percentage, then Borrower shall pay down the outstanding principal balance of the Loan such that said Loan-to-Value Percentage may be met. Any amounts repaid may not be reborrowed; and 

  

	 	(g)	Borrower shall repay $2,500,000 of the outstanding principal amount of the Loan; provided, that (i) any amount repaid in accordance with clause (f) above
and/or (ii) any Release Price paid pursuant to Section 2.9 between the Original Maturity Date and the First Extended Maturity Date, shall be credited against such $2,500,000 payment. By way of example, if Borrower repays $1,000,000 in
accordance with clause (f) above and pays $1,000,000 in Release Prices pursuant to Section 2.9 between the Original Maturity Date and the First Extended Maturity Date, then Borrower shall be required to repay an additional $500,000 in
accordance with this clause (g). Notwithstanding the foregoing, if the outstanding principal amount of the Loan is less than $12,000,000 as of the Original Maturity Date, then Borrower shall not be required to make any payments in accordance with
this clause (g). Any amounts repaid may not be reborrowed. 

 Except as modified by the Second Option to Extend,
the terms and condition of this Agreement and the other Loan Documents as modified and approved by Lender shall remain unmodified and in full force and effect.” 
  

	 	4.5	Third Option to Extend. Section 2.12 of the Loan Agreement is hereby deleted and replaced in its entirety with the following: 

 “2.12 THIRD OPTION TO EXTEND. Borrower shall have the option to extend the term of the Loan from the Second Extended Maturity
Date to the Third Extended Maturity Date, upon satisfaction of each of the following conditions precedent: 
  

	 	(a)	Borrower shall provide Lender with written notice of Borrower’s request to exercise the Third Option to Extend not more than ninety (90) days but not less
than thirty (30) days prior to the Second Extended Maturity Date; and 

  

	 	(b)	As of the date of Borrower’s delivery of notice of request to exercise the Third Option to Extend, and as of the Second Extended Maturity Date, no Default shall
have occurred and be continuing, and no event or condition which, with the giving of notice or the passage of time or both, would constitute a Default shall have occurred and be continuing, and Borrower shall so certify in writing; and

  

	 	(c)	Borrower shall execute or cause the execution of all documents reasonably required by Lender to exercise the Third Option to Extend and shall deliver to Lender, at
Borrower’s sole cost and expense, such title insurance endorsements reasonably required by Lender; and 

  

	 	(d)	Guarantor shall have confirmed that it remains in compliance with the financial covenants in the Guaranty; and 

  

	 	(e)	On the Second Extended Maturity Date, Borrower shall pay to Lender an extension fee in the amount of three eighths of one percent (.375%) of the total commitment amount
of the Loan, as determined on the Second Extended Maturity Date; and 

  

 Page 5 

 Loan No. 102495 
  

	 	(f)	At Lender’s option, Lender shall have received a written appraisal dated within 90 days of the Second Extended Maturity Date and prepared in conformance with the
requirements of the Comptroller of the Currency confirming to the satisfaction of Lender that the commitment amount of the Loan as a percentage of the as-is bulk value the portion of the Property then remaining encumbered by the Deed of Trust (after
adjustment for senior liens and regular and special tax assessments) as of the Second Extended Maturity Date does not exceed the Loan-to-Value Percentage; provided, however, if such as-is bulk value is not adequate to meet the required Loan-to-Value
Percentage, then Borrower shall pay down the outstanding principal balance of the Loan such that said Loan-to-Value Percentage may be met. Any amounts repaid may not be reborrowed; and 

  

	 	(g)	Borrower shall repay $2,500,000 of the outstanding principal amount of the Loan; provided, that (i) any amount repaid in accordance with clause (f) above
and/or (ii) any Release Price paid pursuant to Section 2.9 between the First Extended Maturity Date and the Second Extended Maturity Date, shall be credited against such $2,500,000 payment. By way of example, if Borrower repays $1,000,000
in accordance with clause (f) above and pays $1,000,000 in Release Prices pursuant to Section 2.9 between the Original Maturity Date and the First Extended Maturity Date, then Borrower shall be required to repay an additional $500,000 in
accordance with this clause (g). Notwithstanding the foregoing, if the outstanding principal amount of the Loan is less than $9,500,000 as of the Original Maturity Date, then Borrower shall not be required to make any payments in accordance with
this clause (g). Any amounts repaid may not be reborrowed. 

 Except as modified by the Third Option to Extend, the
terms and condition of this Agreement and the other Loan Documents as modified and approved by Lender shall remain unmodified and in full force and effect.” 
  

	 	4.6	Derivative Documents. The following is hereby added to the Loan Agreement as a new Section 7.12: 

 “7.12 DERIVATIVE DOCUMENTS. If Borrower purchases from Lender any swap, derivative, foreign exchange or hedge transaction
or arrangement (or other similar transaction or arrangement howsoever described or defined) in connection with the Loan, Borrower shall, upon receipt from Lender, execute promptly all documents evidencing such transaction, including without
limitation the ISDA Master Agreement, the Schedule to the ISDA Master Agreement and the ISDA Confirmation.” 
  

	 	4.7	Additional Indebtedness. The following is hereby added to the Loan Agreement as a new Section 7.13: 

 “7.13 ADDITIONAL INDEBTEDNESS. Without the prior written consent of Lender, Borrower shall not (i) directly or
indirectly guaranty the obligations of any other person or entity; or (ii) incur any additional indebtedness or other material obligation, other than non-interest bearing ordinary course obligations (i.e. trade payables or accruals) incurred in
connection with Borrower’s ordinary course of business.” 
  

	 	4.8	Defaults. Section 9.1(s) is hereby deleted in its entirety and the following Sections 9.1(s), (t), (u) and (v) are hereby added as follows:

  

	 	“(s)	Default Under Unsecured Indemnity Agreement. The occurrence of a default beyond the expiration of any applicable notice and cure periods under either or
both of those certain Hazardous Materials Indemnity Agreements (Unsecured) executed by Thomas Properties Group, Inc., a Delaware corporation and Thomas Properties Group, L.P., a Maryland limited partnership, each as Indemnitor, in favor of Lender,
and dated October 10, 2005, including, without limitation, either such Indemnitor’s failure to perform any covenant, condition or obligation thereunder. 

  

	 	(t)	Default Under Guaranty. The occurrence of a default beyond the expiration of any applicable notice and cure periods under any guaranty now or hereafter
executed in connection with the Loan, including, without limitation, any Guarantor’s failure to perform any covenant, condition or obligation thereunder. 

  

 Page 6 

 Loan No. 102495 
  

	 	(u)	Default Under Swap. The occurrence of a default by Borrower beyond the expiration of any applicable notice and cure periods or a termination event with
respect to Borrower under any swap, derivative, foreign exchange or hedge transaction or arrangement (or similar transaction or arrangement howsoever described or defined) at any time entered into between Borrower and Lender in connection with the
Loan. 

  

	 	(v)	Pledge of Interests in Borrower. The pledge or encumbrance by Thomas Properties Group, L.P., a Maryland limited partnership, of any interest in
Borrower.” 

  

	 	4.9	Legal Description. The legal description of the Property attached as Exhibit A to the Loan Agreement is hereby deleted and replaced in its entirety with
Exhibit A attached hereto. 

  

	 	4.10	Due on Sale. Section 5.12 of the Deed of Trust is hereby deleted in its entirety and replaced with the following: 

 “5.12 DUE ON SALE OR ENCUMBRANCE. If the Subject Property or any interest therein shall be sold, transferred (including,
without limitation, through sale, pledge or transfer of any limited liability company interests of Trustor), mortgaged, assigned, further encumbered or leased, whether directly or indirectly, whether voluntarily or by operation of law, without the
prior written consent of Beneficiary (which shall not be unreasonably withheld, conditioned or delayed) and except as expressly permitted by the Loan Agreement, THEN Beneficiary, in its sole discretion, may declare all Secured Obligations
immediately due and payable. The foregoing will not restrict any sale, pledge or transfer of stock in Thomas Properties Group, Inc. or limited partner interests in Thomas Properties Group, L.P.” 
  

	 	4.11	Documents. Each reference in the Loan Documents to the Note shall refer to the Amended Note (as amended, restated or replaced from time to time), and each
reference to the Guaranty shall mean the Amended Guaranty (as amended, restated or replaced from time to time). 

  

	5.	CITY ESTOPPEL. On or before the date which is sixty (60) days after the Effective Date, Borrower shall deliver to Lender an estoppel certificate from
the City of El Segundo (the “City”), California, in a form reasonably acceptable to Lender, confirming to the actual knowledge of the City, among other things, that neither Borrower nor the City is in default under the Development
Agreement entered into by Borrower and the City and recorded on March 19, 2002 as Instrument No. 02-0660073 in the Official Records of Los Angeles County, California. 

  

	6.	FORMATION AND ORGANIZATIONAL DOCUMENTS. Borrower has previously delivered to Lender all of the relevant formation and organizational documents of
Borrower, of the partners or joint venturers of Borrower (if any), and of all guarantors of the Loan (if any), and all such formation documents remain in full force and effect and have not been amended or modified since they were delivered to
Lender. Borrower hereby certifies that: (i) the above documents are all of the relevant formation and organizational documents of Borrower; (ii) they remain in full force and effect; and (iii) they have not been amended or modified
since they were previously delivered to Lender. 

  

	7.	HAZARDOUS MATERIALS; CCP §726.5; §736. Without in any way limiting any other provision of this Agreement, Borrower expressly reaffirms as of the
date hereof, and continuing hereafter: (i) each and every representation and warranty in the Loan Documents respecting “Hazardous Materials”; and (ii) each and every covenant and indemnity in the Loan Documents respecting
“Hazardous Materials”. In addition, Borrower and Lender agree that: (i) this Section is intended as Lender’s written request for information (and Borrower’s response) concerning the environmental condition of the real
property security under the terms of California Code of Civil Procedure §726.5; and (ii) each representation and/or covenant in this Agreement or any other Loan Document (together with any indemnity applicable to a breach of any such
representation and/or covenant) with respect to the environmental condition of the real property security is intended by Lender and Borrower to be an “environmental provision” for purposes of California Code of Civil Procedure §736.

  

	8.	WAIVERS. In further consideration of Lender entering into this Agreement, Borrower waives, with respect to the Loan, any and all rights to which Borrower
is or may be entitled pursuant to Section 580a (the so-called “Fair Market Antideficiency Rule”), 580d (the so-called “Private Sale Antideficiency Rule”) and 726 (the so-called “One Form of Action Rule”) of the
California Code of Civil Procedure, as amended or recodified from time to time, together with any other antideficiency or similar laws which limit, qualify or reduce Borrower’s obligations under the Loan Documents. 

  

 Page 7 

 Loan No. 102495 
  

	9.	NON-IMPAIRMENT. Except as expressly provided herein, nothing in this Agreement shall alter or affect any provision, condition, or covenant contained in
the Note or other Loan Document or affect or impair any rights, powers, or remedies of Lender, it being the intent of the parties hereto that the provisions of the Note and other Loan Documents shall continue in full force and effect except as
expressly modified hereby. 

  

	10.	MISCELLANEOUS. This Agreement and the other Loan Documents shall be governed by and interpreted in accordance with the laws of the State of California,
except if preempted by federal law. In any action brought or arising out of this Agreement or the Loan Documents, Borrower, and the general partners and joint venturers of Borrower, hereby consent to the jurisdiction of any federal or state court
having proper venue within the State of California and also consent to the service of process by any means authorized by California or federal law. The headings used in this Agreement are for convenience only and shall be disregarded in interpreting
the substantive provisions of this Agreement. All capitalized terms used herein, which are not defined herein, shall have the meanings given to them in the other Loan Documents. Time is of the essence of each term of the Loan Documents, including
this Agreement. If any provision of this Agreement or any of the other Loan Documents shall be determined by a court of competent jurisdiction to be invalid, illegal or unenforceable, that portion shall be deemed severed from this Agreement and the
remaining parts shall remain in full force as though the invalid, illegal, or unenforceable portion had never been a part thereof. 

  

	11.	INTEGRATION; INTERPRETATION. The Loan Documents, including this Agreement, contain or expressly incorporate by reference the entire agreement of the
parties with respect to the matters contemplated therein and supersede all prior negotiations or agreements, written or oral. The Loan Documents shall not be modified except by written instrument executed by all parties. Any reference to the Loan
Documents includes any amendments, renewals or extensions now or hereafter approved by Lender in writing. 

  

	12.	EXECUTION IN COUNTERPARTS. To facilitate execution, this document may be executed in as many counterparts as may be convenient or required. It shall not
be necessary that the signature of, or on behalf of, each party, or that the signature of all persons required to bind any party, appear on each counterpart. All counterparts shall collectively constitute a single document. It shall not be necessary
in making proof of this document to produce or account for more than a single counterpart containing the respective signatures of, or on behalf of, each of the parties hereto. Any signature page to any counterpart may be detached from such
counterpart without impairing the legal effect of the signatures thereon and thereafter attached to another counterpart identical thereto except having attached to it additional signature pages. 

 [Signatures Follow on Next Page] 
  

 Page 8 

 Loan No. 102495 
  

 IN WITNESS WHEREOF, Borrower and Lender have caused this Agreement to be duly executed as of the date
first above written. 
  

							
	“LENDER”
	
	 WELLS FARGO BANK,
 NATIONAL ASSOCIATION

		
	By:	 	/s/ Kenya Williams
	Name:	 	KENYA WILLIAMS
	Its:	 	ASSISTANT VICE PRESIDENT
	
	“BORROWER”
	
	TPG-EL SEGUNDO PARTNERS, LLC, a California limited liability company
		
	By:	 	Thomas Properties Group, L.P., a Maryland limited partnership, its Manager
			
		 	By:	 	Thomas Properties Group, Inc., a Delaware corporation, its General Partner
				
		 		 	By:	 	/s/ John R. Sischo
		 		 	Name:	 	JOHN R. SISCHO
		 		 	Its:	 	Executive Vice President

 Signature Page – Third Modification Agreement 

 Loan No. 102495 
  

 EXHIBIT A – DESCRIPTION OF PROPERTY 
 Exhibit A to the Loan Agreement between TPG-El Segundo Partners, LLC, a California limited liability company, as “Borrower”, and Wells
Fargo Bank, National Association, as “Lender”, dated October 10, 2005. 
 All that certain real property located in the County of
Los Angeles, California, described as follows: 
 PARCEL A: 
 LOTS 9 THROUGH 17 AND 22 THROUGH 26 INCLUSIVE OF TRACT NO. 53570, IN THE CITY OF EL SEGUNDO, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 1323 PAGES 22 TO 28, INCLUSIVE OF MAPS,
IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, AS AMENDED BY A CERTIFICATE OF CORRECTION RECORDED OCTOBER 12, 2007 AS INSTRUMENT NO. 20072338234 AND RECORDED JANUARY 27, 2009 AS INSTRUMENT NO. 2009-106281, BOTH OF OFFICIAL RECORDS. 

EXCEPT THEREFROM ALL NATURAL GAS CONTAINED IN OR UNDER OR THAT MAY BE PRODUCED FROM SAID LAND, TOGETHER WITH THE EXCLUSIVE RIGHT TO DRILL FOR AND PRODUCE
SUCH NATURAL GAS FROM SAID LAND BY WHIPSTOCKING OR DIRECTIONAL DRILLING OR OTHER SUBSURFACE OPERATIONS CONDUCTED FROM SURFACE LOCATIONS ON OTHER LAND AND THE EXCLUSIVE RIGHT TO USE THE SUBSURFACE OF SAID LAND FOR THE PURPOSE OF INJECTING NATURAL GAS
THEREIN FOR STORAGE AND FOR REPRESSURING THE FORMATIONS UNDERLYING SAID LAND, AND EXPRESSLY EXCEPTING FROM THIS CONVEYANCE ANY AND ALL RIGHT TO GO UPON OR USE THE SURFACE OF THE LAND THEREIN DESCRIBED IN ANY MANNER FOR THE PURPOSE OF DISCOVERING OR
EXTRACTING SUCH NATURAL GAS, AS CONTAINED IN THE GRANT DEED TO STANDARD OIL COMPANY OF CALIFORNIA, A DELAWARE CORPORATION, RECORDED JULY 27, 1943 AS INSTRUMENT NO. 944, IN BOOK 20145 PAGE 298, OF OFFICIAL RECORDS. 
 AFFECTING LOTS 16, 17, 22, 23 AND 26 IN PARCEL A: 
 ALSO EXCEPT THEREFROM ALL OIL, HYDROCARBON AND MINERAL SUBSTANCES, IF ANY, EXCEPT NATURAL GAS, CONTAINED IN OR UNDER OR THAT MAY BE PRODUCED FROM SAID LAND,
WITHOUT THE RIGHT TO ENTER UPON THE SURFACE OF SAID LAND, FOR THE PURPOSE OF EXTRACTING ANY SUCH OIL, HYDROCARBON AND MINERAL SUBSTANCES, NOR FOR ANY OTHER PURPOSE, AS CONTAINED IN THE GRANT DEED TO CHANSLOR-CANFIELD MIDWAY OIL COMPANY, A CALIFORNIA
CORPORATION, RECORDED SEPTEMBER 7, 1945 AS INSTRUMENT NO. 1530, IN BOOK 22243 PAGE 336, OFFICIAL RECORDS. 
 PARCEL B: 
 LOTS 18, 19, 20 AND 21 OF TRACT NO. 53570, IN THE CITY OF EL SEGUNDO, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 1323 PAGES 22
TO 28, INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, AS AMENDED BY A CERTIFICATE OF CORRECTION RECORDED OCTOBER 12, 2007 AS INSTRUMENT NO. 20072338234 AND RECORDED JANUARY 27, 2009 AS INSTRUMENT NO. 2009-106281, BOTH OF
OFFICIAL RECORDS. 
 EXCEPT THAT PORTION OF SAID LOTS LYING ABOVE A HORIZONTAL PLANE HAVING AN ELEVATION OF 105.00 FEET, THE EAST LINE BEING
DESCRIBED AS FOLLOWS: 
 BEGINNING AT A POINT ON THE NORTH LINE OF SAID LOT 21, DISTANT SOUTH 89°57’47” WEST 230.25 FEET FROM THE
NORTHEAST CORNER OF SAID LOT 21; THENCE SOUTH 0°00’00” WEST 509.04 FEET TO A POINT ON THE SOUTH LINE OF SAID LOT 18, SAID POINT DISTANT NORHT 90°00’00 WEST 230.25 FEET FROM THE SOUTHEAST CORNER OF SAID LOT 18, AS SHOWN ON THE
CERTIFICATE OF COMPLIANCE RECORDED MARCH 27, 2009 AS INSTRUMENT NO. 2009-440186, OFFICIAL RECORDS. 
 EXCEPT THEREFROM ALL NATURAL GAS CONTAINED
IN OR UNDER OR THAT MAY BE PRODUCED FROM SAID LAND, TOGETHER WITH THE EXCLUSIVE RIGHT TO DRILL FOR AND PRODUCE SUCH NATURAL GAS FROM SAID LAND BY WHIPSTOCKING OR DIRECTIONAL DRILLING OR OTHER SUBSURFACE OPERATIONS CONDUCTED FROM SURFACE LOCATIONS ON
OTHER LAND AND THE EXCLUSIVE RIGHT TO USE THE SUBSURFACE OF SAID LAND FOR THE PURPOSE OF INJECTING NATURAL GAS THEREIN FOR STORAGE AND FOR REPRESSURING THE FORMATIONS UNDERLYING SAID LAND, AND EXPRESSLY EXCEPTING FROM THIS CONVEYANCE ANY AND ALL

 Loan No. 102495 
  

 
RIGHT TO GO UPON OR USE THE SURFACE OF THE LAND THEREIN DESCRIBED IN ANY MANNER FOR THE PURPOSE OF DISCOVERING OR EXTRACTING SUCH NATURAL GAS, AS CONTAINED IN THE GRANT DEED TO STANDARD OIL
COMPANY OF CALIFORNIA, A DELAWARE CORPORATION, RECORDED JULY 27, 1943 AS INSTRUMENT NO. 944, IN BOOK 20145 PAGE 298, OF OFFICIAL RECORDS. 
 ALSO EXCEPT THEREFROM ALL OIL, HYDROCARBON AND MINERAL SUBSTANCES, IF ANY, EXCEPT NATURAL GAS, CONTAINED IN OR UNDER OR THAT MAY BE PRODUCED FROM SAID LAND, WITHOUT THE RIGHT TO ENTER UPON THE SURFACE OF SAID LAND, FOR THE PURPOSE OF
EXTRACTING ANY SUCH OIL, HYDROCARBON AND MINERAL SUBSTANCES, NOR FOR ANY OTHER PURPOSE, AS CONTAINED IN THE GRANT DEED TO CHANSLOR-CANFIELD MIDWAY OIL COMPANY, A CALIFORNIA CORPORATION, RECORDED SEPTEMBER 7, 1945 AS INSTRUMENT NO. 1530, IN BOOK
22243 PAGE 336, OFFICIAL RECORDS. 
 PARCEL C: 
 LOTS 18, 19, 20 AND 21 OF TRACT NO. 53570, IN THE CITY OF EL SEGUNDO, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 1323 PAGES 22 TO 28, INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, AS
AMENDED BY A CERTIFICATE OF CORRECTION RECORDED OCTOBER 12, 2007 AS INSTRUMENT NO. 20072338234 AND RECORDED JANUARY 27, 2009 AS INSTRUMENT NO. 2009-106281, BOTH OF OFFICIAL RECORDS. 
 EXCEPT THAT PORTION OF SAID LOTS LYING BELOW A HORIZONTAL PLANE HAVING AN ELEVATION OF 105.00 FEET, THE EAST LINE BEING DESCRIBED AS FOLLOWS: 
 BEGINNING AT A POINT ON THE NORTH LINE OF SAID LOT 21, DISTANT SOUTH 89°57’47” WEST 230.25 FEET FROM THE NORTHEAST CORNER OF SAID LOT 21; THENCE SOUTH 0°00’00” WEST 509.04 FEET
TO A POINT ON THE SOUTH LINE OF SAID LOT 18, SAID POINT DISTANT NORHT 90°00’00 WEST 230.25 FEET FROM THE SOUTHEAST CORNER OF SAID LOT 18, AS SHOWN ON THE CERTIFICATE OF COMPLIANCE RECORDED MARCH 27, 2009 AS INSTRUMENT NO. 2009-440186,
OFFICIAL RECORDS. 
 EXCEPT THEREFROM ALL NATURAL GAS CONTAINED IN OR UNDER OR THAT MAY BE PRODUCED FROM SAID LAND, TOGETHER WITH THE EXCLUSIVE
RIGHT TO DRILL FOR AND PRODUCE SUCH NATURAL GAS FROM SAID LAND BY WHIPSTOCKING OR DIRECTIONAL DRILLING OR OTHER SUBSURFACE OPERATIONS CONDUCTED FROM SURFACE LOCATIONS ON OTHER LAND AND THE EXCLUSIVE RIGHT TO USE THE SUBSURFACE OF SAID LAND FOR THE
PURPOSE OF INJECTING NATURAL GAS THEREIN FOR STORAGE AND FOR REPRESSURING THE FORMATIONS UNDERLYING SAID LAND, AND EXPRESSLY EXCEPTING FROM THIS CONVEYANCE ANY AND ALL RIGHT TO GO UPON OR USE THE SURFACE OF THE LAND THEREIN DESCRIBED IN ANY MANNER
FOR THE PURPOSE OF DISCOVERING OR EXTRACTING SUCH NATURAL GAS, AS CONTAINED IN THE GRANT DEED TO STANDARD OIL COMPANY OF CALIFORNIA, A DELAWARE CORPORATION, RECORDED JULY 27, 1943 AS INSTRUMENT NO. 944, IN BOOK 20145 PAGE 298, OF OFFICIAL RECORDS.

 ALSO EXCEPT THEREFROM ALL OIL, HYDROCARBON AND MINERAL SUBSTANCES, IF ANY, EXCEPT NATURAL GAS, CONTAINED IN OR UNDER OR THAT MAY BE PRODUCED
FROM SAID LAND, WITHOUT THE RIGHT TO ENTER UPON THE SURFACE OF SAID LAND, FOR THE PURPOSE OF EXTRACTING ANY SUCH OIL, HYDROCARBON AND MINERAL SUBSTANCES, NOR FOR ANY OTHER PURPOSE, AS CONTAINED IN THE GRANT DEED TO CHANSLOR-CANFIELD MIDWAY OIL
COMPANY, A CALIFORNIA CORPORATION, RECORDED SEPTEMBER 7, 1945 AS INSTRUMENT NO. 1530, IN BOOK 22243 PAGE 336, OFFICIAL RECORDS. 
 PARCEL D:

 NON-EXCLUSIVE EASEMENTS FOR INGRESS AND EGRESS, PERIMETER LANDSCAPING AND SIDEWALKS, TEMPORARY CONSTRUCTION EASEMENTS, UTILITY AND STREET
MAINTENANCE ON, OVER AND ACROSS THOSE AREAS WHICH LIE WITHIN THE “PARK SITE” AND “FIRE STATION SITE”, DELINEATED AND PROVIDED FOR AND SUBJECT TO THE TERMS AND CONDITIONS IN THAT CERTAIN INSTRUMENT ENTITLED “EASEMENT
AGREEMENT” RECORDED SEPTEMBER 19, 2006, AS INSTRUMENT NO. 06-2078590, OFFICIAL RECORDS. 

 Loan No. 102495 
  

 HAZARDOUS INDEMNITOR’S CONSENT 
 Each of the undersigned (individually and collectively, “Indemnitor”) consents to the foregoing Third Modification Agreement and the transactions
contemplated thereby and reaffirms its obligations under the Unsecured Indemnity Agreement (the “Indemnity”) executed by it, dated October 10, 2005, and its waivers, as set forth in the Indemnity, of each and every one of the possible
defenses to such obligations. Indemnitor further reaffirms that its obligations under the Indemnity are separate and distinct from Borrower’s obligations, and are separately enforceable as provided by California Code of Civil Procedure Sections
726.5 and 736. 
 AGREED: 
  

											
	Dated as of: October 10, 2009	 		 	“INDEMNITOR”
			
		 		 	 THOMAS PROPERTIES GROUP, L.P.,
 a Maryland limited partnership

					
		 		 		 	By 	 	 Thomas Properties Group, Inc.,
 a Delaware corporation,
 its General Partner

						
		 		 		 		 	By:	 	/s/ John R. Sischo
		 		 		 		 	Name:	 	JOHN R. SISCHO
		 		 		 		 	Its:	 	Executive Vice President
				
		 		 		 	 THOMAS PROPERTIES GROUP, INC.,
 a Delaware corporation,

					
		 		 		 	By:	 	/s/ John R. Sischo
		 		 		 	Name:	 	JOHN R. SISCHO
		 		 		 	Its:	 	Executive Vice President

 SFI-616706v3

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