Document:

AMENDED
AND RESTATED AGREEMENT FOR

PURCHASE AND SALE OF REAL PROPERTY

 

THIS
AMENDED AND RESTATED AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY (this "Agreement") is made as of July 2, 2012,
by and between LADDER CAPITAL FINANCE I.LC and/or its assignee as permitted under this Agreement (the "Buyer"),
and RSBR INVESTMENTS, LLC, RBA INVESTMENTS, LLC and OVERLAND PROPERTIES, LLC (individually and collectively, the
"Seller").

 

WHEREAS,
pursuant to the terms of that certain Agreement for Purchase and Sale of Real Property, dated as of March 27, 2012 (the "First
Purchase Agreement"), executed by and between Seller and Buyer, Buyer agreed to purchase from Seller and Seller agreed to
sell to Buyer, certain properties, as more particularly described in the First Purchase Agreement;

 

WHEREAS,
pursuant to the terms of that certain Agreement for Purchase and Sale of Real Property, dated as of April 20, 2012 (the -Second
Purchase Agreement"), executed by and between Seller and Buyer, Buyer agreed to purchase from Seller and Seller agreed to
sell to Buyer, certain properties, as more particularly described in the Second Purchase Agreement;

 

WHEREAS,
Seller desires to sell to Buyer and Buyer desires to purchase from Seller certain additional Properties, as more particularly
described herein, upon the terms, covenants and provisions of this Agreement;

 

WHEREAS,
Seller and Buyer mutually desire to combine the First Purchase Agreement and Second Purchase Agreement into a single agreement
and to amend and restate in their entirety the First Purchase Agreement and the Second Purchase Agreement, to provide for, among
other things, the inclusion of additional Properties, a change in the Purchase Price and modification to the Examination Periods,
all as hereinafter set forth.

 

NOW,
THEREFORE, in consideration of the mutual promises and covenants contained herein, and for other good and valuable consideration,
the parties hereto do hereby amend and restate the First Purchase Agreement and the Second Purchase Agreement in their entirety
as set forth herein and hereby agree as follows:

 

Section
1. Terms and Definitions: The terms listed below shall have the respective meaning given them as set forth adjacent to
each term.

 

(a)"Seller's
Broker" shall mean Park Manor Capital Partners, acting as Seller's agent.

 

    	1

    	 

    

 

(b)               
"Buyer's Agent" shall mean Park Manor Capital Partners, acting as Buyer's agent.
 

(c)                
"Closing" shall mean the consummation of the transaction contemplated herein as more particularly described
in Section 10 hereof.

 

(d)                "Earnest
Money" shall mean Five Hundred Thousand and No/Cents ($500,000.00) Dollars. Seller and Buyer each acknowledge and agree
that Tluee Hundred Thousand and 00/100 ($300,000.00) Dollars has heretofore been delivered to Escrow Agent (as hereinafter defined)
and is currently being held in escrow by Escrow Agent pursuant to Section 8 hereof. Buyer shall deliver to Escrow Agent, within
two (2) business days after the execution and delivery by both parties of this Agreement an additional Two Hundred Thousand and
00/100 ($200,000.00) Dollars in cash or certified or bank cashier's check, or in a confirmed wire transfer of funds to be held
in escrow by Escrow Agent pursuant to Section 8 hereof. Seller and Buyer shall share equally in the responsibility for paying
any reasonable escrow fees charged by the Escrow Agent. Hereinafter, the term "Earnest Money" shall be deemed to include
all interest accrued thereon.

 

(e)                
"Delivery Date" shall have the meaning ascribed to it in the Lease. Seller shall notify Buyer upon the occurrence
of the Delivery Date, and shall deliver to Buyer the Evidence of Completion (as defined in the Lease), with respect to each Property.

 

(f)                 
"Examination Period(s)" shall mean, with respect to each individual Property, the period of time commencing
on the date hereof and expiring thirty (30) days after the later of: (i) the Delivery Date; (ii) the Commencement Date (as defined
in the Lease); (iii) the date Tenant opens for business to the public on such Property (the "Property Opening Date"),
and (iv) the date Buyer receives the Due Diligence Certification (as defined in Section 6(b) hereof) with respect to a particular
Property. Notwithstanding the foregoing, Seller and Buyer acknowledge and agree that the Examination Period for the Properties
located in Edinburg, Texas, Farmington, New Mexico, Hawk Point, Missouri and Rocky Mount, Missouri commenced on June 6, 2012 and
shall expire on July 30, 2012.

 

(g)                
"Lease" shall mean individually, and "Leases" shall mean collectively, the applicable lease
between Dollar General (the "Tenant') and a Seller, as more particularly described on Schedule 2 attached hereto
and mnde a part hereof

 

    	2

    	 

    

 

(h)          
"Property" shall mean, individually and "Properties" shall mean collectively:
(a) those certain parcels of real property owned in fee by Seller at the locations set forth on Schedule 1 attached hereto
and incorporated herein by this reference (the "Real Property") together with all buildings, facilities
and other improvements located thereon (collectively, the "Improvements"); (b) all right, title and interest
of a Seller under its respective Lease with Tenant; (c) all right, title and interest of a Seller in all machinery, furniture,
equipment and items of personal property of a Seller attached or appurtenant to, located on or used in the ownership, use, operation
or maintenance of the Property or the Improvements (collectively, the "Personalty"); (d) all right, title
and interest of a Seller, if any, to any unpaid award for (1) any taking or condemnation of its Property or any portion thereof,
or (2) any damage to the Property or the Improvements by reason of a change of grade of any street or highway; (e) all easements,
licenses, rights and appurtenances relating to any of the foregoing; and (f all right, title and interest of
Seller in and to any warranties, tradenames, logos (including any federal or state trademark or tradename registrations),
or other identifying name or mark now used in connection with the Real Property and/or the Improvements (the "Intangible
Property").

 

(i)            
"Purchase Price" shall mean the aggregate sum of Eighty-Two Million Six Hundred Eighty-Three Thousand
Eight Hundred Forty-Seven and 58/100 ($82,683,847.58) Dollars, allocated in accordance with Schedule I attached
hereto and made a part hereof (subject, however, to an adjustment reducing the Purchase Price by the amount that is allocated
to a Property as set forth on Schedule 1 to the extent a Property is rejected by Buyer during an Examination Period or
is otherwise removed or rejected in accordance with the terms of this Agreement), payable by certified or bank cashier's check
or in a confirmed wire transfer of funds at a Closing,

 

(j)            
"Seller's Notice Address" shall be as follows, except as same may be changed pursuant to the Notice section
herein:

 

Rod Hamby

RSBR Investments,
LLC

1898 Imperial
Center

West Plains,
MO 65775

 

And to:

 

Jacob W. Stauffer

 

 

    	3

    	 

    

 

Stauffer Law Firm,
LLC

204 West Main St.

West Plains, MO
65775

stauffer@stauffer-law.com

jacobstauffer@theoverlandgroup.corn

 

(k)         "Buyer's
Notice Address" shall be as follows, except as same may be changed pursuant to the Notice section herein:

 

David Traitel

Ladder Capital Finance
LLC

345 Park Avenue, 8th
Floor

New York, NY 10154

Tel. No.: (212) 715-3143

E-mail:
David.Traitel@laddercapital.com

 

And to:

 

Michael Comparato

Ladder Capital Finance
LLC

345 Park Avenue, 8th
Floor

New York, NY 10154

Tel. No.: (212) 715-3164

E-mail: Michael.Comparatoaladdercapital.com

 

And to:

 

Pamela McCormack

Ladder Capital
Finance LLC

345 Park Avenue, 8th Floor

New York, NY 10154

Tel. No.: (212) 715-3170

E-mail:
Pamela.McCormack@laddercapital.com

 

(1)         "Title
Insurer" and "Escrow Agent" shall mean in all instances Commonwealth/Lawyers Land Title Insurance
Corporation, Two Grand Central Tower, 140 East 45th Street, 22nd Floor, New York, NY 10017, Attention: Liane Carpenter (LCarnentergcltic.com).

 

(m)         
"Seller Guarantor" shall mean (i) with respect to RSBR Investments, LLC, either Bruce Grisham, Rod Hamby,
RB Grisham or Sid Aultman; (ii) with respect to RBA Investments, LLC, either RB Grisham or Amy Grisham; and (iii) with respect
to Overland Properties, LLC, either Bruce Grisham or Rod Hamby.

 

    	4

    	 

    

 

Section
2. Proration of Expenses and Payment of Costs and Recording Fees. Seller and Buyer agree that all rents, utility charges
(to the extent not payable directly to the utility supplier by Tenant), and real estate taxes and assessments (to the extent not
payable directly to the taxing authority by Tenant) shall be prorated on a calendar-year basis as of the date of Closing; provided,
however, that rent shall only be pro-rated to the extent paid. If Closing shall occur before the actual real estate taxes and
special assessments payable during such year are known, the apportionment of such taxes and assessments shall be upon the basis
of the real estate taxes and assessments for the applicable Property payable during the immediately preceding year; provided that,
if the real estate taxes and assessments payable during the year in which Closing occurs are thereafter determined to be more
or less than the real estate taxes and assessments payable during the preceding year, Seller and Buyer promptly shall adjust the
proration of such taxes and assessments, and Seller or Buyer, as the case may be, shall pay to the other any amount required as
a result of such adjustment and this covenant shall not merge with the Deed for the applicable Property delivered hereunder but
shall survive the Closing. To the extent applicable, Seller shall, to the extent not payable directly by Tenant, be responsible
for the payment of all municipal license taxes, if any, payable during the calendar year in which the Closing occurs and corresponding
to any period prior to the date that Tenant became obligated to pay such amounts. At Closing: (a) Buyer shall pay: (i) the premium
and related charges for owner's title insurance policy to be issued to Buyer; (ii) the recording fees necessary to record the
deed and mortgage documents at the register of deeds office where the Property is located; and (iii) one half of any escrow fees
charged by the Escrow Agent in connection with this transaction; and (b) Seller shall pay: (i) the transfer, excise and/or documentary
tax/stamps in connection with the recording of the deed at the register of deeds office where the applicable Property is located
and; (ii) the recording fees necessary to record the discharges of any liens of record or other instruments necessary to convey
title to the Property to Buyer in accordance with this Agreement; and (iii) one half of any escrow fees charged by the Escrow
Agent in connection with this transaction. Buyer shall be responsible for the cost of its own survey, environmental reports and
due diligence investigations. Seller -and Buyer shall be responsible for their own attorney's fees

 

Section
3. Sale of Property. Subject to the terms of this Agreement, Seller agrees to sell each Property to Buyer for the Purchase
Price set forth above.

 

Section
4. Payment of Purchase Price. Buyer shall pay a portion of the Purchase Price to Seller at each Closing, in the amount
allocated to a particular Property as set forth in Schedule 1, and in accordance with all of the terms and conditions of
this Agreement.

 

Section
5. Title. At each Closing, Seller agrees to convey to Buyer fee simple marketable title to the applicable Property
by bargain and sale deed, in each instance free and clear of all liens, defects of title, and encumbrances except for the Lease,
taxes for

 

    	5

    	 

    

 

the
current year and subsequent years not yet due and payable, and other exceptions set forth in the Title Report (as defined below)
which Seller does not agree to cure under Section 6(a) herein (or is deemed to not agree to cure) and which Buyer waives as an
Objection pursuant to said Section 6(a), other than those exceptions Seller is obligated to cure pursuant to Section 6(a) below
(collectively, the "Permitted Exceptions").

 

Section 6.  Examination
of Property. Seller and Buyer hereby agree as follows:

 

(a)        Title
and Survey Examination. Within five (5) business days after the commencement of an Examination Period for a particular
Property, Buyer shall order a title report for each Property (the "Title Report") from the Title Insurer and
a survey of each Property. Seller shall notify Buyer promptly after all of the Improvements on a particular Property have been
substantially completed in order to provide Buyer with the necessary time to have an ALTA survey prepared during the applicable
Examination Period. Buyer shall furnish to Seller a copy of the Title Report and the survey for a particular Property on or prior
to the expiration of the applicable Examination Period

 

"Title
Review  Should be delivered together with statement specifyingdefects in title and/or the survey for a
particular Property (the "Objections"). Seller shall notify Buyer within ten (10) days after Seller's
receipt of the Objections whether Seller will cure the Objections. If a Seller does not respond within said ten (10)-day
period, Seller shall be deemed to have elected to not cure the Objections. If Seller does not agree (or is deemed to not
agree) to cure the Objections for any particular Property, Buyer shall have the right, by notice given to Seller and Title
Insurer at any time prior to Closing, either to: (a) waive the Objections with respect to any such Property and close title
without abatement or reduction of the Purchase Price applicable to such Property; or (b) terminate this Agreement as to only
the subject Property. If Buyer elects to terminate this Agreement as to one or more of the Properties pursuant to this
Section 6(a), then: (i) this Agreement shall be deemed terminated as to any such rejected Property and neither party shall
have any further rights, obligations or liabilities with respect to such rejected Property, except with respect to any
obligations that expressly survive termination of this Agreement as contained herein; and (ii) there shall be a reduction in
the Purchase Price payable by Buyer at Closing by the amount allocated to the Property designated for removal from this
transaction as shown on Schedule 1 hereof. Notwithstanding anything to the contrary contained in this Agreement, in no
event shall any of the following exceptions be a Permitted Exception and Seller shall be required to provide information and
evidence to satisfy Title Insurer's standard requirements as to Seller's authority and standard title affidavits and shall be
required to cure on or before the Closing: (i) any monetary liens or encumbrances against its Property (including, without
limitation, all mortgages, mechanics liens, tax liens and judgments); (ii) all unpaid real estate taxes and water charges;
and (iii) any encumbrances against title which are created by or through a Seller after the date of this
Agreement.

 

    	6

    	 

    

 

(b)Examination. Seller
shall provide to Buyer: (i) upon execution of this Agreement, copies of the following documents and materials pertaining to
each Property to the extent within Seller's possession or readily obtainable by Seller: a title commitment/policy; copies
of title exception documents; ALTA survey; site plans and specifications; architectural plans; environmental/hazardous
material reports; soils reports; governmental permits/approvals; zoning information; real property tax and assessment
information; utility letters; copies of the Leases and copies of all correspondence related to the Leases; any documents
required to be delivered by Seller to Buyer pursuant to Section 11 hereof; and any other documents relating to a Property
reasonably requested by Buyer; (ii) upon execution of this Agreement, a copy of the certificate of formation of Seller, a
copy of the operating agreement of Seller, an incumbency certificate for Seller, and a W-9 of Seller; and (iii) upon the
occurrence of the Delivery Date for each Property, the Evidence of Completion (as defined in the Lease) (collectively, the "Due
Diligence Materials"). Upon delivery to Buyer of all of the Due Diligence Materials applicable to a particular
Property, Seller shall deliver a written certification to Buyer stating that all of the Due Diligence Materials applicable to
a Property has been delivered to Buyer (the "Due Diligence Certification"). Throughout the term of this
Agreement, Buyer, its agents and designees, shall have the right to enter each Property for the purposes of inspecting each
Property, conducting soil tests, environmental studies, and making surveys, mechanical and structural engineering studies,
inspecting construction, and conducting any other investigations and inspections as Buyer may reasonably require to assess
the condition and suitability of each Property; provided, however, that such activities by or on behalf of Buyer on a
Property shall not damage such Property nor interfere with construction on the Property or the conduct of business by Tenant
other than to a de minimis extent; and provided further, however, that Buyer shall indemnify and hold Seller harmless from
and against any and all claims or damages to the extent resulting from the activities of Buyer on each Property, provided,
however, in no event shall Buyer be responsible or liable in any way for any pre-existing conditions, including any hazardous
materials discovered during its inspections of a Property, and Buyer shall repair any and all damage caused, in whole or' in
part, by Buyer and return each Property to substantially the same condition that existed prior to such damage, which
obligation shall survive Closing or any termination of this Agreement. Buyer shall give Seller reasonable written notice
(which in any event shall not be less than one (1) business day, or such other period of time as required under the Lease)
before entering each Property. Seller may have a representative present during any and all examinations, inspections and/or
studies on a Property. Buyer shall have the unconditional right, for any reason or no reason at all, to terminate this
Agreement as to one or more of the Properties by giving written notice thereof to Seller at any time prior to 5:00 p.m.
Eastern Standard Time on the last day of the Examination Period applicable to a particular Property, in which event: (i) this
Agreement shall be deemed terminated as to any such rejected Property and neither party shall have any further rights,
obligations or liabilities with respect to such rejected Property, except with respect to any obligations that expressly
survive termination of this Agreement as contained herein; and (ii) there

 

    	7

    	 

    

 

shall be a reduction
in the Purchase Price payable by Buyer at Closing by the amount allocated to the Property designated for removal from this transaction
as shown on Schedule 1 hereof. If Buyer does not elect to terminate this Agreement as to any one or more Properties prior
to the expiration of the applicable Examination Period, Buyer conclusively shall be deemed to have waived its right to terminate
this Agreement pursuant to this Section 6(b) with respect to such particular Property. Notwithstanding anything to the contrary
contained in this Agreement, amendments to this Agreement to extend an Examination Period may be agreed in writing or email transmission
by each party or each party's respective attorney and any notices to terminate this Agreement pursuant to this Section 6(b) may
be given by Buyer or Buyer's attorney by email transmission to Seller and/or Seller's attorney, provided, however, any notice
of termination given by email transmission shall be deemed delivered and effective upon the date sent by the Party, provided however
the such email notice shall also be sent by one of the means set forth in Section 15 of this Agreement.

 

(c)              Tenant
Estoppel Certificate. Prior to a Closing, Seller shall obtain an original estoppel eeitiikate from Tenant
substantially in the form of Exhibit F attached hereto (the "Tenant Estoppel") with respect to each
Lease and deliver a copy of same to Buyer. Each Tenant Estoppel must not assert any defaults, offsets, defenses, punchlist
items or claims under the Lease and shall state that all of the obligations of Seller relating to the construction of the
premises leased by Tenant under such Lease have been satisfied (including, without limitation, the completion of all
offsite improvements, punchlist items and the payment of any tenant improvement allowances). In addition, the business terms
of each Tenant Estoppel must be in accordance with the applicable Lease and consistent with Seller representations set forth
in Section 11 of this Agreement. Seller shall also obtain, within ten (10) business days prior to a Closing, an updated
Tenant Estoppel from Tenant for the Property that is closing, which shall be dated not more than thirty (30) days before
Closing. Seller agrees to reasonably cooperate with Buyer and request reasonable modifications to the Tenant Estoppel
attached hereto as Exhibit F.

 

(d)             Subordination,
Non-Disturbance.Within two (2) business days following the Property Opening Date of the applicable Property,
Seller shall request an original subordination, non-disturbance agreement from Tenant substantially in the form of Exhibit
G attached hereto (the "SNDA") with respect to the applicable Lease. Within the timeframe specified in
each Lease, Seller shall obtain each SNDA from Tenant and deliver a copy of same to Buyer.

 

Section 7.  Risk of
Loss/Condemnation.

 

 (a)              Casualty.
Until Closing, the risk of loss or damage to each Property shall be borne by Seller. Upon an occurrence of a casualty
affecting a Property, Seller shall promptly notify Buyer in writing of same. In the event all or any portion of a Property is
damaged in any casualty, Buyer may elect to terminate this Agreement as to the affected Property by providing written notice of
such termination to Seller within ten (10)

 

    	8

    	 

    

business
days after Buyer's receipt of notice of such casualty, upon which termination: (i) Agreement shall be deemed terminated as to
any such removed Property and neither party shall have any further rights, obligations or liabilities with respect to such removed
Property, except with respect to any obligations that expressly survive termination of this Agreement as contained herein; and
(ii) there shall be a reduction in the Purchase Price payable by Buyer at Closing by the amount allocated to the Property designated
for removal from this transaction as shown on Schedule 1 hereof. If Buyer does not elect to terminate this Agreement there
shall be no abatement of the Purchase Price and Seller shall: (i) as to any casualty insured by Tenant and in respect of which
Tenant has a restoration obligation, enforce such Tenant's obligations pursuant to the applicable Lease, or (ii) as to any casualty
for which Seller is carrying insurance or is entitled to receive insurance proceeds from Tenant, Seller shall restore the damaged
portion of the applicable Property, and in each case the Examination Period with respect to such Property shall re-commence
upon the completion of such restoration and Tenant reopening for business to the public therein.

 

(b)             Condemnation. Upon
an occurrence of a condemnation or taking affecting a Property, Seller shall promptly notify Buyer in writing of same. In the
event all or any portion of a Property is condemned or taken (or notice of any condemnation or taking is issued), then Buyer
may elect to terminate this Agreement as to the Property affected by such condemnation or taking by providing written notice
of such termination to Seller within ten (10) business days after Buyer's receipt of notice of such condemnation or
taking, upon which termination: (i) this Agreement shall be deemed terminated as to any such removed Property and neither
party shall have any further rights, obligations or liabilities with respect to such removed Property, except with respect to
any obligations that expressly survive termination of this Agreement as contained herein; and (ii) there shall be a reduction
in the Purchase Price payable by Buyer at Closing by the amount allocated to the Property designated for removal from this
transaction as shown on Schedule 1 hereof. If Buyer does not elect to cancel this Agreement as aforesaid, there shall
be no abatement of the Purchase Price and Seller shall assign to Buyer at the Closing the rights of Seller to the awards, if
any, for the condemnation or taking, and Buyer shall be entitled to receive and keep all such awards.

 

Section
8. Earnest Money Disbursement. The Earnest Money shall be held by the Escrow Agent, in trust as escrow agent ("Escrow
Agent"), and disposed of only in accordance with the following provisions:

 

(a)             The
Escrow Agent: (i) shall invest the Earnest Money in a JP Morgan Chase interest bearing money market account reasonably
satisfactory to both Buyer and Seller; (ii) shall not commingle the Earnest Money with any funds of the Escrow Agent or
others; and (iii) shall promptly provide Buyer and Seller with confirmation of the investments made.

 

    	9

    	 

    

(b)              The
Earnest Money shall be applicable to the Purchase Price and shall be applied at the last Closing under this Agreement.
Notwithstanding the foregoing, if Buyer does not Close on the last remaining Property and terminates this Agreement with
respect to such last remaining Property, then the Earnest Money shall be returned to Buyer.

 

(c)              If
either Buyer or Seller makes a written demand (the "Demand") upon the Escrow Agent for payment of
the Earnest Money, the Escrow Agent shall give written notice to the other party of the Demand within one (1) business day
after receipt of the Demand. If the Escrow Agent does not receive a written objection from the other party to the proposed
payment within five (5) business days after the giving of such notice by Escrow Agent, the Escrow Agent is hereby authorized
to make the payment set forth in the Demand. If the Escrow Agent does receive such written objection within such five (5)
business day period, the Escrow Agent shall continue to hold such amount until otherwise directed by written instructions
signed by Seller and Buyer or a final judgment of a court.

 

(c)             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 liabilities (including reasonable
attorneys' fees, expenses and disbursements) incurred by Seller or Buyer resulting from the Escrow Agent's mistake of law
respecting the Escrow Agent scope or nature of its duties. Seller and Buyer shall jointly and severally indemnify and hold
the Escrow Agent harmless from and against all liabilities (including reasonable attorneys' fees, expenses and disbursements)
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. The Escrow Agent has executed this Agreement in the place indicated on the signature page hereof in
order to confirm that the Escrow Agent has received and shall hold the Earnest Money in escrow, and shall disburse the
Earnest Money pursuant to the provisions of this Section 8.

 

Section 9.
Default

 

(a)If
Buyer defaults in any of its obligations undertaken in this Agreement and fails to cure such default within ten (10) days after
notice from Seller specifying in reasonable detail the nature of such default, Seller shall be entitled to, as their sole and
exclusive remedy to either: (i) if Buyer is willing to proceed to Closing, waive such default and proceed to Closing in accordance
with the terms and provisions hereof; or (ii) declare this Agreement to be terminated with respect to the applicable Property
in respect of which the default occurred. Upon such termination: (i) this Agreement shall be

 

    	10

    	 

    

 

deemed
terminated as to any such Property only and neither party shall have any further rights, obligations or liabilities with respect
to such Property, except with respect to any obligations that expressly survive termination of this Agreement as contained herein;
and (ii) there shall be a reduction in the Purchase Price payable by Buyer at Closing by the amount allocated to the Property
designated for removal from this transaction as shown on Schedule
1 hereof. There shall be no forfeiture of the Earnest Money as a result of any default of Buyer.

 

(b)             If
Seller defaults in any of its obligations undertaken in this Agreement and fails to cure such default within ten (10)
days after notice from Buyer specifying in reasonable detail the nature of such default, Buyer may: (i) waive such default
and proceed to Closing in accordance with the terms and provisions hereof; or (ii) terminate this Agreement with respect to
the applicable Property in respect of which Seller is in default, and if the Agreement is terminated as to all of the
remaining Properties for which Closing has not occurred direct Escrow Agent to return the Earnest Money to Buyer and upon
such termination Seller shall pay to Buyer all of the out-of-pocket costs and expenses incurred by Bu.yei in connection with
this Agreement, not to exceed $50,000.00 per Property, which return and payment shall operate to terminate this Agreement and
release Seller and Buyer from any and all liability hereunder with respect to the applicable Property or Properties, except
those which are specifically stated herein to survive any termination hereof; or (iii) enforce specific performance of
Seller's obligations hereunder, to the extent such remedy is available. Notwithstanding the foregoing, in the event Seller
has conveyed a Property in violation of this Agreement to any party not related to Buyer, so that the remedy of specific
performance is not thereby, or otherwise for any reason, available to Buyer, then Buyer shall, in addition to the foregoing
remedies, be permitted to pursue any and all rights and remedies available to Buyer at law or in equity, including, without
limitation, pursue and collect all damages of any type or kind, including without limitation, direct, indirect, resulting,
consequential, special, exemplary, punitive or other damages and be further entitled to temporary and permanent restraining
orders and affirmative relief.

 

Section
10. Closing. A Closing shall consist of the execution and delivery of documents by Seller and Buyer, as set forth below,
and delivery by Buyer to Seller of the Purchase Price as allocated to each Property in accordance with the terms of this Agreement,
in escrow with Escrow Agent. Each Closing shall occur on such date and time as mutually agreed to by Buyer and Seller in writing,
but in no event later than that date which is fifteen (15) days after the end of the Examination Period with respect to such Property,
subject however, to Buyer's right to extend the date of a Closing pursuant to this Section 10. Seller shall deliver to Buyer at
Closing the following executed documents:

 

    	11

    	 

    

 

(a)             
A bargain and sale deed (or its equivalent which provides covenants against grantor's acts) from Seller to Buyer conveying
the applicable Real Property to Buyer subject only to the Permitted Exceptions;

 

(b)             
an Assignment and Assumption of Lease, in the form attached hereto as Exhibit A from Seller to Buyer assigning the
Lease applicable to Seller's Property, and any security deposits thereunder, to Buyer;

 

(c)             
a Bill of Sale in the form of Exhibit B attached hereto from Seller to Buyer conveying the Personalty and Intangible
Property owned by such Seller to Buyer;

 

(d)             
an Assignment of Contracts, Permits, Licenses and Warranties in the form of Exhibit C attached hereto from Seller
to Buyer;

 

(e)             
a settlement statement setting forth the Purchase Price, all prorations and other adjustments to be made pursuant to the
terms hereof, and the funds required for Closing as contemplated hereunder;

 

(0              all
transfer tax statements, declarations and filings as may be necessary or appropriate for purposes of recordation of the
deed;

 

a title affidavit
executed by Seller in form satisfactory to the Title Insurer;

 

(h)             
an original Tenant Estoppel from Tenant in the form of Exhibit D attached hereto, which is dated not earlier than
thirty (30) days prior to the date of Closing, with respect to each Lease.

 

(i)              
an original SNDA from Tenant in the form of Exhibit E attached hereto with respect to each Lease;

 

(j)              
the letter to Tenant in the form of Exhibit F attached hereto for each Lease;

 

(k)             
clearance under any applicable State withholding tax law applicable to the sale of any of the Properties;

 

(1)             a
certificate dated as of the date of Closing confirming that the representations and warranties in Section 11 are true and
correct as of the date of Closing and confirming the personal guaranty of at least one Seller Guarantor;

 

(m)            
a certificate dated as of the date of Closing, listing all of the unexpired warranties of contractors and suppliers that delivered
services or materials in connection with the construction and development of the Property;

 

    	12

    	 

    

(h)              good
standing certificates and corporate resolutions or member or partner consents, as applicable, for Seller and such other
documents as reasonably requested by the Title Insurer;

 

(i)               such
other documents, instruments, certifications and confirmations as may be reasonably required and customary to fully effect
and consummate the transactions contemplated hereby.

 

At each
Closing, Buyer shall: (i) deliver the balance of the Purchase Price to Seller applicable to the Property as allocated on Schedule
l annexed hereto, (ii) execute and deliver execution counterparts of the closing documents referenced in clauses (a) (where
applicable), (b) and (e) above; and (iii) at the last Closing under this Agreement, instruct the Escrow Agent to deliver the Earnest
Money to Seller as a credit towards the Purchase Price.

 

Buyer
shall have the right to extend the Closing of each Property for up to thirty (30) days upon written notice to Seller which notice
may he given by Buyer to Roller at any time before 5:00 PM Eastern Time on the date set for Closing of the applicable
Property. Notwithstanding anything to the contrary contained in this Agreement, notice to extend the Closing may be sent in writing
or email transmission by Buyer or Buyer's attorney. The Closing shall be held in escrow through the mail by delivery of the closing
documents to the parties on or prior to the Closing or such other place or manner as the parties hereto may mutually agree.

 

Notwithstanding anything
to the contrary contained in this Agreement, if at Closing there are any monetary obligations of Seller due and payable
under a Lease (such as, for example purposes only, a tenant improvement allowance) or any outstanding construction
obligations (such as, for example purposes only, offsite improvcmcnts or punchlist items), such obligations shall remain the
obligations of Seller and Buyer shall have the right to: (i) delay Closing until such time that such obligations have been
satisfied; or (ii) require Seller put into escrow with the Escrow Agent, or reduce the Purchase Price by an amount necessary
to satisfy such monetary obligation and/or an amount reasonably estimated by Buyer to satisfy any such non-monetary
obligation of Seller under the Lease. This Section, and all provisions contained therein, shall survive the Closing.

 

Section
11.  Representation by Seller. Seller represents and warrants to, and covenants with, Buyer as follows:

 

(a)             Seller
is duly organized (or formed), validly existing and in good standing under the laws of its state of organization, and to the
extent required by law, the State in which the Property is located. Seller is authorized to consummate the transaction set
forth herein and fulfill all of its respective obligations hereunder and under all closing documents to be executed by
Seller, has all necessary power to execute and deliver this Agreement and all closing documents to be executed by Seller, and
to perform all of

 

    	13

    	 

    

 

Seller's
obligations hereunder and thereunder. This Agreement and all closing documents to be executed by Seller have been duly authorized
by all requisite corporate authority or other required action on the part of Seller and are the valid and legally binding obligations
of Seller, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all
closing documents to be executed by Seller, nor the performance of the obligations of Seller hereunder or thereunder will result
in the violation of any law or any provision of the organizational documents of or will conflict with any order or decree of any
court or governmental instrumentality of any nature by which Seller is bound;

 

(b)             Seller
has good and indefeasible fee simple title to the Properties subject to matters of record and affecting the Properties and at
Closing will have and will convey to Buyer by bargain and sale deed good and indefeasible fee simple title to the Properties,
free and clear of all liens, defects, encumbrances, conditions, exceptions, restrictions or other matters affecting title
except the Permitted Exceptions;

 

(c)              Seller
has not received any written notice of any current or pending litigation, tax appeals or environmental investigations against
Seller or any of the Properties and, to the best of Seller's knowledge, there is no pending litigation, tax appeals
or environmental investigations against Seller or any of the Properties;

 

(d)              Seller
has not entered into any contracts, subcontracts or agreements affecting a Property which will be binding upon Buyer after a
Closing other than the Lease;

 

(e)              Except
for defaults cured on or before the date of this Agreement, Seller has not received any written notice of default under the
terms of any of the Leases and, to the best of Seller's knowledge, there is no outstanding, uncured default under the terms
of any of the Leases;

 

(f)               Seller
has not received any written notice from (or delivered any notice to) any governmental authority regarding any
violation of any law applicable to any of the Properties and, to the best of Seller's knowledge, there are no such
violations;

 

(g)              The
Personalty to be transferred to Buyer is free and clear of liens, security interests and other encumbrances arising by,
through or under Seller, except as a result of loan instruments securing a loan that shall be paid in full by Seller at or
prior to Closing;

 

(h)              With
respect to each Lease: (i) Schedule 2 attached hereto is a true, correct and complete description of the Lease
(including any and all amendments thereto) applicable to the applicable Property, a copy of each (including all amendment(s),
if applicable) shall be delivered to Buyer immediately following mutual execution and delivery of this Agreement; (ii) the
Lease is in full force and effect; (iii) there are no uncured monetary defaults by Tenant under the Lease and no offset or
abatement is

 

    	14

    	 

    

 

presently
available to, or has been asserted in writing by, Tenant under the Lease, and Seller has complied in all material respects with
its obligations under the Lease, and there is no defense or claim presently available to Tenant under the Lease; (iv) no brokerage
commission or compensation of any kind is due or will be due from the Property or the rent therefrom for leasing space in the
Property whether past, present or future and no understanding or agreement exists with regard to payment of any leasing commissions
for future leases with existing or future tenants except in connection with extensions or renewals of the Lease as specifically
set forth therein; (v) other than as expressly set forth in the Lease, there are no other material promises, amendments, agreements
or commitments between Tenant and Seller or any one acting by or on behalf of Seller, nor are there any commitments which will
be binding on Buyer in favor of Tenant; (vi) except as set forth in the Lease; Tenant is not entitled to any rent concession,
rent-free occupancy, lease buyout costs, tenant improvement costs, moving, design and refurbishment costs, tenant improvement
allowance, space plan allowance, reduction or abatement of rent for any reason whatsoever, including, without limitation, for
any work (not yet performed) or other consideration (not yet given) in connection with Tenant's occupancy pursuant to the Lease;
and (vii) Seller is holding no security deposits with respect to the Lease and no rent has been prepaid for more than one month
before its due date;

 

(i)              
There are no occupancy rights, leases or tenancies affecting the Properties other than the Leases;

 

(j)               No
person or entity has any option, right of first refusal or other right to purchase the Property or any part thereof or
interest therein;

 

(k)              Each
Property is in compliance in all material respects with all applicable zoning laws, regulations and ordinances as of the date
of this Agreement;

 

(l)              Seller
is not a "foreign person" under the Foreign Investment in Real Property Tax Act of 1980 ("FIRPTA") and
upon consummation of the transaction contemplated hereby, Buyer will not be required to withhold from the Purchase Price any
withholding tax;

 

(m)      There
are no pending or, to the best of Seller's knowledge, threatened condemnation proceedings affecting any Property and Seller has
not received any written notice that there is any pending or threatened condemnation of all or any part of any Property;

 

(n)
      Seller has not initiated, and to Seller's knowledge there currently are no pending, proceedings to correct or reduce the
assessed valuation of any Property and Seller has received no written notice, nor does Seller have any knowledge, of any
special tax assessments pending or contemplated against any Property that are not of record or disclosed in the Title
Report;

 

    	15

    	 

    

 

(o)             
There are no employees of Seller engaged in the operation or maintenance of any of the Properties;

 

(p)              Seller
has not initiated or participated in, any, and to the best of Seller's knowledge, there is currently no action for a change
or modification in the current subdivision, site plan, zoning or other land use permits for any of the Properties;

 

(q)              Seller
has not received any written notice from any governmental authority, mortgagee, insurance company, board of fire
underwriters, or any other association having authority or power over all or any portion of the Properties, requesting the
performance of any work or alterations with respect to any Property that has not been performed or alleging that Seller
presently is in breach or violation of, or not in compliance with, any applicable law, statute, code, act, ordinance, rule
permit, license, regulation, standard or underwriting requirement or under any order of court or federal, state, municipal or
other governmental department, commission, board, bureau, agency or instrumentality, wherever located, with respect to any
Property or Seller's present use and operation of a Property, including, without limitation, those currently relating to
fire, safety, environmental laws, parking, architectural barriers to the handicapped, zoning and building codes.
Moreover, Seller has no knowledge of any of the foregoing matters being pending or threatened;

 

(r)              Seller
has not assigned or transferred any of its interest in the Lease applicable to a Property other than in connection with a
mortgage financing, which shall be discharged at or prior to Closing;

 

(s)              Any
and all work identified on any punchlist submitted by Tenant to Seller in connection with work performed (or required to be
performed) by or on behalf of Seller has been fully performed and Seller has not received written notice and nor does Seller
have any knowledge that Tenant has not accepted said work;

 

(t)               No
petition has been filed by or against Seller under the Federal Bankruptcy Code or any similar State or Federal Law;
and

 

(u)            
To the best of Seller's knowledge, except as set forth in the environmental reports previously delivered by Seller to Buyer,
no hazardous substances have been generated, stored, released, or disposed of on or about any of the Properties in violation of
any law, rule or regulation applicable to a Property which regulates or controls matters relating to the environment or public
health or safety (collectively, "Environmental Laws"). Seller has not received any written notice from (nor delivered
any notice to) any federal, state, county, municipal or other governmental department, agency or authority concerning any petroleum
product or other hazardous substance discharge or seepage relating to any of the Properties. For purposes of this Agreement, "hazardous
substances" shall mean any substance or material that is defined or deemed to be hazardous or toxic pursuant to any Environmental
Laws.

 

    	16

    	 

    

 

Should Seller
receive notice or actual knowledge of any inaccurate information regarding any of the matters set forth in this Section 11 after
the date of this Agreement and prior to a Closing, Seller will immediately notify Buyer of the same in writing. If Seller is unwilling
or unable to correct such inaccuracy on or before Closing of the applicable Property, Buyer may either: (a) cancel this Agreement
with respect to the Property affected by such inaccuracy and leave this Agreement in effect as to the balance of the Properties,
in which event: (i) this Agreement shall be deemed terminated as to any such removed Property and neither party shall have any
further rights, obligations or liabilities with respect to such removed Property, except with respect to any obligations that
expressly survive termination of this Agreement as contained herein; (ii) there shall be a reduction in the Purchase Price payable
by Buyer at Closing by the amount allocated to the Property designated for removal from this transaction as shown on Schedule
1 hereof; and (iii) Seller shall pay to Buyer all of the out-of-pocket costs and expenses incurred by Buyer in connection
with such rejected Property, not to exceed $50,000.00 per Property; or (b) waive such right to terminate and accept such inaccuracy
by proceeding with the transaction pursuant to the remaining terms and conditions of this Agreement.

 

The
representations and warranties of Seller shall survive Closing for a period of one (1) year. At least one Seller Guarantor shall
at Closing unconditionally and personally guarantee the liability of Seller for any losses, costs or damages incurred by Buyer
relative to any Seller's breach of a representation and warranty set forth in this Section 11. Such personal guaranty under this
Section 11 shall survive Closing, and provided that no breach of any of the representations or warranties shall have occurred,
such personal guaranty under this Section 11 shall be limited to the first six (6) month period after a Closing.

 

Section
12. Buyer's Representations. Buyer represents and warrants to, and covenants with, Seller as follows:

 

(a)             Buyer
is duly formed, validly existing and in good standing under the lawsof Delaware, is authorized to consummate the transaction
set forth herein and fulfill all of its obligations hereunder and under all closing documents to be executed by Buyer, and has
all necessary power to execute and deliver this Agreement and all closing documents to be executed by Buyer, and to perform all
of Buyer's obligations hereunder and thereunder. This Agreement and all closing documents to be executed by Buyer have been duly
authorized by all requisite corporate or other required action on the part of Buyer and are the valid and legally binding obligation
of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all
closing documents to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will result
in the violation of any law or any provision of the organizational documents of Buyer or will conflict with any order or decree
of any court or governmental instrumentality of any nature by which Buyer is bound; and

 

    	17

    	 

    

(b)             No
petition has been filed by or against Buyer under the Federal Bankruptcy Code or any similar State or Federal Law.

 

The
representations and warranties of Buyer shall survive Closing for a period of one (1) year.

 

Section
13. Conditions to Buyer's Obligations. Buyer's obligation to pay the Purchase Price, and to accept title to each Property,
shall be subject to compliance by Seller with the following conditions precedent on and as of the date of Closing:

 

(a)             
Possession of each Property shall be delivered to Buyer free and clear of all liens and encumbrances other than the Permitted
Exceptions and the applicable Lease;

 

(b)             
Seller shall deliver to Buyer on or before the Closing the items set forth in Section 10 above;

 

(c)             
Buyer shall receive from the Title Insurer or any other title insurer approved by Buyer in its judgment and discretion,
a current ALTA owner's form of title insurance policy, or irrevocable and unconditional binder to issue the same, with extended
coverage for the applicable Real Property in the amount of the Purchase Price as allocated in this Agreement, dated, or updated
to, the date of the Closing, insuring, or committing to insure, at its ordinary premium rates Buyer's good and marketable title
in fee simple to such Real Property and otherwise in such form and with such endorsements as provided in the title commitment
approved by Buyer pursuant to Section 6 hereof and subject only to the Permitted Exceptions;

 

(d)             
Buyer shall have received a valid and permanent final certificate of occupancy (or the equivalent thereof) for each Property
and Tenant (to the extent required by applicable law);

 

(e)             
Buyer shall have received the Tenant Estoppel and SNDA for each applicable Lease duly executed by Tenant, and with respect
to each SNDA, duly executed by Seller and acknowledged by a notary public;

 

(f)              
Keys to all locks located in each Property, if applicable;

 

(g)            
An original copy of the Lease and any amendments thereto (including, without limitation, a Lease Modification Agreement
wherein Tenant confirms the commencement date of the Lease);

 

(h)            
An original (or a copy if an original is not available) of any and all warranties issued to Seller in connection with the
construction of the Improvements, it being agreed that in the event such warranties are not assignable to Buyer, Seller shall
have such warranties re-issued to Buyer or Tenant, as requested by Buyer;

 

    	18

    	 

    

(i)               A
certificate of property insurance and of liability insurance from Dollar General naming Buyer as an additional insured, in
compliance with the Lease; and

 

(j)               The
Delivery Date and Commencement Date (as such terms are defined in the Lease) shall have occurred under the applicable Lease
and Tenant shall be open and operating for business to the public in substantially all of the applicable leased space and
Tenant shall be paying full and unabated rent under such Lease;

 

(k)              All
obligations of Seller under a Lease with respect to Tenant's initial occupancy thereof shall have been completed and/or
satisfied, including, without limitation, satisfying the Evidence of Completion (as defined in the Lease), completing any
punchlist items and paying any tenant allowances;

 

(1)             Buyer
shall have received copies of all final lien waivers from the general contractor and all subcontractors performing work or
providing materials or services to a the Property; and

 

(m)
            The representations and warranties of Seller contained in this Agreement shall have been true when made and shall be true in all
material respects at and as of the date of Closing as if such representations and warranties were made at and as of the Closing,
and Seller shall have performed and complied in all material respects with all covenants, agreements and conditions required by
this Agreement to be performed or complied with by Seller prior to or at the Closing.

 

In
the event any of closing conditions set forth in this Section 13 are not satisfied by the Outside Closing Date with respect to
any one or more of the Properties, Buyer shall have the right to remove such non-satisfying Property from the Properties to be
acquired by Buyer and terminate this Agreement with respect to such non-satisfying Property upon notice to Seller given at anytime
thereafter, in which event: (i) this Agreement shall be deemed terminated as to any such rejected Property and neither party shall
have any fut diet rights, obligations or liabilities with respect to such rejected Property, except with respect to any obligations
that expressly survive termination of this Agreement as contained herein; and (ii) there shall be a reduction in the Purchase
Price payable by Buyer at Closing by the amount allocated to the Property designated for removal from this transaction as shown
on Schedule 1 hereof.

 

Section
14. Conditions to Seller's Obligations. Seller's obligation to deliver title to the Properties shall be subject to compliance
by Buyer with the following conditions precedent on and as of the date of Closing:

 

(a)             Buyer
shall deliver to Seller on each Closing Date the remainder of the Purchase Price as allocated to such Property in accordance
with Schedule 1 hereof, subject to adjustment of such amount pursuant to Section 2 hereof; and

 

    	19

    	 

    

(b)             The
representations and warranties of Buyer contained in this Agreement shall have been true when made and shall be true in all
material respects at and as of the date of Closing as if such representations and warranties were made at and as of the
Closing, and Buyer shall have performed and complied in all material respects with all covenants, agreements and conditions
required by this Agreement to be performed or complied with by Buyer prior to or at the Closing.

 

Section
15. Notices. Unless otherwise provided herein, all notices and other communications which may be or are required to
be given or made by any party to the other in connection herewith shall be in writing and shall be: (i) delivered in person
with proof of delivery thereof, (ii) sent by United States certified mail, postage prepaid, return receipt requested, or
(iii) deposited with a nationally recognized overnight courier, in each case to the addresses set out in Section 1, or at
such other addresses as specified by written notice delivered in accordance herewith. Any notice or other communication sent
as hereinabove provided shall be deemed received (a) three days after being deposited in the mail if sent by certified mail,
postage prepaid, return receipt requested, or (b) one day after being deposited with a commercial overnight courier if
sent by such method. Notices under this Agreement may also be given by e-mail transmission, provided, however, that if such
notice is sent by e-mail transmission, such notice or other communication shall also be sent by one of the other means
provided hereinabove. Any notice under this Agreement may be given by the attorney representing a party in this
transaction.

 

Section
16. Seller Covenants. Seller agrees that: (a) it shall continue to operate the Properties in the same manner in which
Seller has previously operated the Properties; (b) it shall, subject to Section 7 hereof and subject to reasonable wear and tear,
maintain the Properties in the same (or better) condition as exists on the date hereof; (c) it shall comply with all obligations
as owner of the Properties, the landlord under the Lease, or mortgagor under any mortgage affecting any of the Properties, which
Seller is required to carry out and perform, either by virtue of agreements with such parties or by virtue of any order or direction
of any governmental authority having jurisdiction; (d) it shall not, without Buyer's prior written consent, enter into any agreement
concerning the management or operation of a Property which would remain in effect beyond the Closing, and (e) it shall not, without
Buyer's prior written consent: (i) amend any Lease in any manner; (ii) consent to an assignment of a Lease or a sublease of the
premises demised thereunder or a termination or surrender thereof; and/or (iii) consent to an alteration of the premises demised
thereunder (unless such consent is non-discretionary). Seller shall promptly inform Buyer in writing of any material event adversely
affecting the ownership, use, occupancy or maintenance of a Property, whether insured or not.

 

Section 17.
Post-Closing Covenants.

 

(a)             Seller shall
be and remain responsible for completing any work required to be performed by the landlord under each Lease, including, without
limitation, the

 

    	20

    	 

    

 

obligations
set forth in Section 2 of each Lease. Seller further agrees that it will remain adequately capitalized in a manner such that such
Seller shall have sufficient funds in order to comply with its respective obligations as described in this Section 17. In the
event that any Seller fails to comply with said warranty obligations, Buyer may, after giving thirty (30) days written notice
to Seller and Seller having failed to commence and diligently pursue to completion curative action within said time period, proceed
to remedy such obligations on its own and shall have recourse against Seller for any expenses incurred thereby. Neither payment
nor acceptance of the Purchase Price nor any provision in this Agreement will be deemed to constitute a waiver by Buyer of Seller's
responsibility under this Section. This Section, and all provisions contained therein, shall survive a Closing. The obligations
of Seller pursuant to this Section shall continue beyond the periods specified herein as to warranty work required by the landlord
pursuant to the applicable Lease if such defect is discovered during the warranty period and is not cured by Seller within that
warranty period. In other words, defects which arise or exist prior to the date of expiration of the warranty period must be cured
and corrected by Seller even though the curing or corrective action may not be commenced or completed until after the date of
expiration of the warranty period. At Closing at least one Seller Guarantor shall unconditionally, personally, guarantee the obligations
of Seller pursuant to this Section 17 which guaranty shall survive a Closing and shall be confirmed at Closing.

 

(h)If
following Closing, any Seller shall receive a payment of rent from Tenant applicable to any period from and after Closing,
such Seller shall promptly remit such payment to Buyer in accordance with account instructions to be furnished by Buyer. The
provisions of this Section 17 shall survive Closing.

 

Section
18. Entire Agreement. This Agreement constitutes the sole and entire agreement among the parties hereto and no modification
of this Agreement shall be binding unless in writing and signed by all parties hereto. No prior agreement or understanding pertaining
to the subject matter hereof (including, without limitation, any letter of intent executed prior to this Agreement) shall be valid
or of any force or effect from and after the date hereof.

 

Section
19. No Representations or Warranties. Buyer hereby acknowledges, understands and agrees that it has an opportunity to
inspect the Properties as set forth in Section 6 herein, and except as set forth in this Agreement or in any documents executed
at Closing by Seller, each Property shall be conveyed at Closing to Buyer in "as-is" condition with no representation
or warranties whatsoever.

 

Section
20. Applicable Law. This Agreement shall be construed under the laws of the State in which a Property is located.

 

Section
21. Tax-Deferred Exchange. In the event Buyer or Seller desire to effect a tax-deferred exchange in connection with the
conveyance of a Propeq-ty, Ruyer and Seller

 

    	21

    	 

    

 

agree
to cooperate in effecting such exchange (including, without limitation, any intermediate conveyance to the members of Seller);
provided, however: (1) that the exchanging party shall be responsible for all additional costs associated with such exchange;
(ii) that a non-exchanging party shall not assume any additional liability with respect to such tax deferred exchange; (iii) no
assignment of this Agreement shall relieve the exchanging party of its obligations under this Agreement, and the exchanging party
shall remain liable for the performance of its obligations under this Agreement, including, without limitation, the representations,
warranties, and covenants given by the exchanging party to the non-exchanging party, (iv) the exchange will not delay or otherwise
adversely affect the Closing, (v) there is no additional unreimbursed loss, cost, damage, tax, expense or adverse consequence
incurred by the non-exchanging party resulting from, or in connection with, the exchange, and the exchanging party shall indemnify,
save and hold harmless the non-exchanging party of, from and against any such loss, cost, damage, tax, expense or adverse consequence
(including reasonable attorneys' fees), and (vi) in no event shall the non-exchanging party be obligated to acquire any property
or otherwise be obligated to take title, or appear in the records of title, to any property in connection with such exchange.
Seller and Buyer shall execute such additional documents, at no cost to the non-exchanging party, as shall be required to give
effect to this provision.

 

Section
22. Broker's Commissions. Buyer and Seller each hereby represent that, except for the Seller's Broker and Buyer's Agent
listed herein, there are no other brokers involved or that have a right to proceeds in this transaction. Seller shall be responsible
for payment of commissions to the Seller's Broker and Buyer's Agent pursuant to a separate, previously negotiated agreement(s).
Seller and Buyer each hereby agree to indemnify and hold the other harmless from all loss, cost, damage or expense (including
reasonable attorneys' fees at both trial and appellate levels) incurred by the other as a result of any claim arising out of the
acts of the indemnifying party (or others on its behalf) for a commission, finder's fee or similar compensation made by any broker,
finder or any party who claims to have dealt with such party (except that Ruyer shall have no obligations hereunder with respect
to any claim by Seller's Broker and/or Buyer's Agent). The representations, warranties and indemnity obligations contained in
this section shall survive the Closing or the earlier termination of this Agreement.

 

Section
23. Assignment. Buyer may assign all or any portion of its rights under this Agreement to one or more assignees or designees;
provided, however, that no such assignment shall relieve Buyer of any of its obligations hereunder until Closing is complete.

 

Section
24. Attorneys' Fees. In any action between Buyer and any Seller as a result of failure to perform or a default under this
Agreement, the prevailing party shall be entitled to recover from the other party, and the other party shall pay to the prevailing
party, the

 

    	22

    	 

    

prevailing
party's attorneys' fees and disbursements and court costs incurred in such action.

 

Section
25. Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and
the same agreement, and shall become a binding agreement when one or more counterparts have been signed by each of the parties
and delivered to the other party.

 

Section
26. Interpretation. If there is any specific and direct conflict between, or any ambiguity resulting from, the terms and
provisions of this Agreement and the terms and provisions of any document, instrument or other agreement executed in connection
herewith or in furtherance hereof, including any Exhibits hereto, the same shall be consistently interpreted in such manner as
to give effect to the general purposes and intention as expressed in this Agreement which shall be deemed to prevail and control.

 

Section
27. Headings. The headings of this Agreement are for reference only and shall not limit or define the meaning of any provision
of this Agreement.

 

Section
28. Severability. If any provision of this Agreement is unenforceable to any extent, the remaining portions of such provision,
and all other provisions of this Agreement, shall nevertheless be kept in effect.

 

Section
29. Counterparts. This Agreement may be executed by portable document format (pdf) and/or in any number of counterparts.
Each party may rely upon any emailed pdf or counterpart copy as if it were one original document.

 

Section
30. Rents and Deposits. Seller and Buyer agree that, in addition to all other conditions and covenants contained herein,
Buyer shall receive a credit at Closing for security deposits and advance rents paid/abatements, if any, held by Seller and Seller
shall deposit with Buyer and Escrow Agent not later than the business day immediately prior to Closing a statement as to the date
to which all rents have been paid. All base rent and other charges payable by the Tenant will be prorated between Seller
and Buyer as of midnight on the date of Closing as if such rent and other charges had been collected in accordance with the
Leases. In no event shall Buyer be obligated to attempt to collect from any Tenant any delinquent or past due sums or amounts
owed to Seller, but Buyer shall reasonably cooperate with Seller (at no expense to Buyer) with respect thereto. If following Closing,
Seller shall receive a payment of rent from Tenant applicable to any period from and after Closing, Seller shall promptly remit
such payment to Buyer. The provisions of this Section 30 shall survive Closing.

 

Section
31. Additional Termination Right of Buyer. Buyer shall have the right to terminate this Agreement upon notice to Seller
if Tenant is downgraded from its rating as of the date of this Agreement by Standard & Poor's (BB+) or Moody's (Bal) at any
time prior to a Closing whereupon: (i) this Agreement shall be deemed terminated and neither

 

    	23

    	 

    

party shall have any further rights, obligations or liabilities
hereunder, except with respect to any obligations that expressly survive termination of this Agreement as contained herein;
and (ii) the Earnest Money shall promptly be returned to Buyer.

 

Section
32. Termination Right of Seller. Except with respect to the right of Buyer to terminate this Agreement as to one or more
of the Properties as described in the next sentence of this Section, if Buyer terminates this Agreement as to more than ten (10)
of the Properties pursuant to the terms of this Agreement, then Seller shall have the right to terminate the whole of this Agreement,
as to the balance of the Properties for which Closing has not occurred, by ten (10) days prior notice to Buyer, in which event
neither party shall have any further claim against the other, except (i) with respect to those matters which this Agreement provides
expressly survive the termination of this Agreement, and (ii) the Earnest Money shall be returned to Buyer. Notwithstanding the
foregoing, any termination of this Agreement as to one or more Properties for any of the following reasons shall not be included
in calculating whether or not Purchaser has terminated this Agreement as to more than ten (10) Properties for the purposes of
determining -whether Seller's light to terminate has
accrued pursuant to This Section 32: (i) any termination of this Agreement as to any Property in respect of which Buyer's due
diligence discloses any environmental contamination, whether past or present, affecting a Property which constitutes a present
"Recognized Environmental Condition" under a standard ASTM Phase I report; or (ii) any termination of this Agreement
as to any Property pursuant to Section 6(A) above due to an uncured Objection, or (iii) any termination of this Agreement as to
any Properties pursuant to Section 7 above.

 

Section
33. Incorporation of Exhibits by Reference. All Exhibits to this Agreement are fully incorporated herein as though set
forth at length herein.

 

    	24

    	 

    

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first set forth above.

 

SELLER: 

 

 

RSBR INVESTMENTS,
LLC, a Missouri limited liability company

 

By: /s/
Rod Hamby

Name: Rod Hamby

Title: Manager

 

RBA INVESTMENTS,
LLC, a Missouri limited liability company

 

By: /s/
Rod Hamby

Name: Rod Hamby

Title:
Manager

 

OVERLAND PROPERTIES,
LLC, a Missouri limited liability company

 

By: /s/
Rod Hamby

Name: Rod Hamby

Title: Manager

 

 

BUYER:

LADDER CAPITAL
FINANCE LLC, a Delaware limited liability company

  

By:/s/ David
M. Traitel

Name: David
M. Traitel

Title: Managing Director

 

    	 

    	 

    

JOINDER AND CONSENT
OF ESCROW AGENT:

 

An original,
fully executed copy of this Agreement, together with the first installment of the Earnest Money, has been received by Escrow
Agent this 3rd day of July, 2012, and by execution hereof Escrow Agent covenants and agrees to be bound by the
terms of this Agreement applicable to Escrow Agent.

 

 

 

                      Escrow
Agent:

 

COMMONWEALTH TITLE LAND INSURANCE COMPANY

 

By:

Name:

Title:

 

 

    	 

    	 

    

EXHIBITS
AND SCHEDULES

 

	Schedule 1	 	List of Properties and Purchase Price Allocation
	Schedule 2	 	List of Leases
	Exhibit A	 	Form of Assignment and Assumption of Lease
	Exhibit B	-	Form of Bill of Sale
	Exhibit C	 	Form of Assignment of Contracts, Permits, Licenses and Warranties
	Exhibit D	 	Form of Tenant Estoppel
	Exhibit E	 	Form of SNDA
	Exhibit F	-	Form of Tenant NoticeEX 10.8 ARCT IV 9.30.2012 10-Q

Exhibit 10.8
ASSIGNMENT AND ASSUMPTION OF

AMENDED AND RESTATED AGREEMENT FOR PURCHASE AND SALE
THIS ASSIGNMENT AND ASSUMPTION OF AMENDED AND RESTATED AGREEMENT OF PURCHASE AND SALE (this "Assignment") is made and entered into as of July 19, 2012 (the "Effective Date") by and between Ladder Capital Finance LLC, a Delaware limited liability company ("Assignor") and AR Capital, LLC, a Delaware limited liability company ("Assignee").
WHEREAS, Assignor entered into that certain Amended and Restated Agreement of Purchase and Sale, dated July 2, 2012 (the "Purchase Agreement") for the purchase of all of the real property described in Section 1(h) thereof (individually, a "Property", collectively, the "Properties"), with RSBR Investments, LLC, RBA Investments, LLC and Overland Properties, I,LC ("Seller"), and
WHEREAS, Assignor wishes to assign to Assignee all of its rights, title and interests under the Purchase Agreement with respect to the Properties and Assignee wishes to accept such assignment and assume the obligations of Assignor as Buyer thereunder.
NOWTHEREFORE, for good and valuable consideration, the receipt and sufficiency of which arc hereby acknowledged, Assignor and Assignee hereby agree as follows:
		
	1.
	Recitals; Capitalized Terms. The above recitals are incorporated herein by reference. Any capitalized terms used herein but not defined shall have the meanings ascribed to them in the Purchase Agreement.

		
	2.
	Assignment and Assumption. Assignor hereby assigns to Assignee all of Assignors right, title and interest in and to the Purchase Agreement, including the Earnest Money paid thereunder, in order to expressly confer upon Assignee all of the benefits of a successor, assign or nominee of Assignor under the Purchase Agreement for the purchase of the Properties. By executing this Assignment, Assignee hereby accepts such assignment of and assumes, covenants and agrees to perform and observe all the undertakings, obligations and covenants to be performed or observed by Assignor, as purchaser pursuant to the Purchase Agreement from and after the Effective Date of this Assignment.

		
	3.
	Earnest Money. Assignee shall deliver to Assignor an amount equal to the Earnest Money under the Purchase Agreement within three (3) business days after the Effective Date.

		
	4.
	Assignment Fee. In addition to the delivery of the Earnest Money to Assignor, the Assignment Fee to be paid by Assignee to Assignor is 104.8 basis points on the Purchase Price allocated to each Property, as set forth on Schedule 1 of the Purchase Agreement (the "Assignment Fee"). The calculation of the Assignment Fee shall be the product of 0.01048 and the individual Purchase Price allocated to a particular Property. By way of example only, a Property being sold for $1,100,000.00 would result in an Assignment

Fee of $11,528.00. The Assignment Fee shall be earned and paid at the time each Closing for a Property shall occur under the Purchase Agreement.

		
	5.
	Due Diligence Materials. Within five (5) days following the Effective Date, Assignor shall provide Assignee, at Assignor's cost, copies (which may be provided electronically) of all Due Diligence Materials, as defined under Section 6(b) of the Purchase Agreement, which have been received by Assignor as of the date hereof, together with a copy (which may be provided electronically) of any due diligence material developed by Assignor or its agents.

		
	6.
	Indemnity. Assignee agrees to indemnify Assignor and hold Assignor harmless with respect to any cost, expense or liability, including without limitation, court costs and reasonable attorney's lees, which Assignor may suffer or incur as a result of Assignee's default under the Purchase Agreement which may accrue from and after the Effective Date. Except with respect to any cost, expense or liability suffered or incurred by Assignee as a result of a default by Assignor under the Purchase Agreement prior to the Effective Date, Assignee, on behalf of itself and all of its officers, members, directors, shareholders, employees, representatives and affiliated entities (collectively, the "Releasors") hereby expressly waives and relinquishes any and all rights and remedies Releasors may now or hereafter have against Assignor, and its, partners, shareholders, officers, members, managers and/or directors, and their respective successors and assigns whether known or unknown, which may arise from, or be related to, the Purchase Agreement or this Assignment.

		
	7.
	Additional Documents. Assignor agrees without additional consideration to execute and deliver to Assignee any and all additional forms of assignment and other instruments and documents that may be reasonably necessary or desirable to transfer or evidence the transfer to Assignee of any of Assignor's right, title and interest to the Purchase Agreement provided that the same arc in form and substance satisfactory to Assignor.

		
	8.
	Performance on Business Days. A "business day" is a day which is not a Saturday, Sunday or legal holiday recognized by the Federal Government. Furthermore, if any date upon which or by which action is required under this Agreement is not a business day, then the date for such action shall be extended to the first day that is after such date and is a business day.

		
	9.
	Entire Agreement. This Assignment constitutes the sole and entire agreement among Assignor and Assignee hereto and no modification of this Assignment shall be binding unless in writing and signed by Assignor and Assignee. No prior agreement or understanding pertaining to the subject matter hereof shall be valid or of any force or effect from and after the date hereof

		
	10.
	Applicable Law. This Assignment shall be construed under the laws of the State of New York, without giving effect to any state's conflict of laws principles.

		
	11.
	Attorneys' Fees. In any action between Assignor and Assignee arising out of this Assignment, the prevailing party shall be entitled to recover from the other party, and the

other party shall pay to the prevailing party, the prevailing party's reasonable attorneys' fees and disbursements and court costs incurred in such action.

		
	12.
	No Representations or Warranties. Assignor makes no representations or warranties, and expressly disclaims any representations or warranties on behalf of itself, of any representations and/or warranties set forth in the Purchase Agreement and expressly makes no representations or warranties regarding the Purchase Agreement or any of the Properties.

		
	13.
	Counterparts. This Assignment may be executed in one or more counterparts, each of which shall be considered one and the same agreement, and shall become a binding agreement when one or more counterparts have been signed by each of the parties and delivered to the other party. Signatures on this Assignment which are transmitted by electronically shall be valid for all purposes, however any party shall deliver an original signature on this Assignment to the other party upon request.

IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to he executed as or the date and year first set forth above.

ASSIGNOR:
Ladder Capital Finance, LLC, a Delaware limited liability company
By: /s/ David M. Traitel
      Name: David M. Traitel
      Title: Managing Director
ASSIGNEE:
AR CAPITAL, LLC, a Delaware limited liability company

By: /s/ Edward M. Weil, Jr.
      Name: Edward M. Weil, Jr.
      Title: President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}]]