Document:

exv10w25

Exhibit 10.25

(CONFIDENTIAL TREATMENT OF CERTAIN DESIGNATED PORTIONS OF THIS AGREEMENT HAVE
BEEN REQUESTED BY NATIONSTAR MORTGAGE LLC, SUCH CONFIDENTIAL PORTIONS HAVE
BEEN OMITTED, AS INDICATED BY AN [*] IN THE TEXT, AND SUBMITTED TO THE SECURITIES
AND EXCHANGE COMMISSION). 

FIF HE HOLDINGS LLC

Fifth Amended and Restated

Limited Liability Company Agreement

Dated as of September 17, 2010

 

 

Table of Contents

	 	 	 	 	 

	ARTICLE I DEFINITIONS
	 	 	2	 
	 
	 
	ARTICLE II FORMATION AND PURPOSE
	 	 	2	 
	 
	2.1. Formation
	 	 	2	 
	2.2. Name
	 	 	2	 
	2.3. Registered Office/Agent
	 	 	2	 
	2.4. Term
	 	 	2	 
	2.5. Purpose and Powers
	 	 	3	 
	2.6. Admission; Redemption
	 	 	3	 
	2.7. Principal Office
	 	 	3	 
	 
	ARTICLE III MEMBERSHIP, Series, UNITS AND CAPITAL ACCOUNTS
	 	 	3	 
	 
	3.1. General
	 	 	3	 
	3.2. Establishment of Series
	 	 	3	 
	3.3. Series Property
	 	 	4	 
	3.4. Liabilities Associated with Series
	 	 	4	 
	3.5. Apportionment of Income and Expenses Among Series
	 	 	5	 
	3.6. Capital Contributions
	 	 	5	 
	3.7. Classes of Units
	 	 	5	 
	3.8. Additional Members and Units
	 	 	7	 
	3.9. Single Class
	 	 	7	 
	3.10. Series Capital Accounts
	 	 	7	 
	3.11. Revaluations of Assets and Series Capital Account Adjustments
	 	 	8	 
	3.12. Additional Capital Account Adjustments
	 	 	8	 
	3.13. Additional Series Capital Account Provisions
	 	 	8	 
	3.14. Unit Certificates
	 	 	9	 
	3.15. Loans from Members
	 	 	10	 
	3.16. Subsequent Investments
	 	 	10	 
	3.17. Management Unit Surrender and Issuance
	 	 	11	 
	 
	ARTICLE IV STATUS OF MEMBERS
	 	 	11	 
	 
	4.1. Limited Liability
	 	 	11	 
	4.2. Return of Distributions of Capital
	 	 	11	 

i

 

	 	 	 	 	 

	ARTICLE V DESIGNATION, RIGHTS, AUTHORITIES, POWERS, RESPONSIBILITIES, AND 
DUTIES OF THE MANAGER
	 	 	12	 
	 
	5.1. Manager
	 	 	12	 
	5.2. Authority of the Managers
	 	 	13	 
	5.3. Decisions
	 	 	14	 
	5.4. Officers; Agents
	 	 	15	 
	5.5. Management Rights Letter Agreement
	 	 	16	 
	 
	ARTICLE VI BOOKS, RECORDS, ACCOUNTING, AND REPORTS
	 	 	16	 
	 
	6.1. Books and Records
	 	 	16	 
	6.2. Financial Statements
	 	 	17	 
	6.3. Filings
	 	 	17	 
	6.4. Confidentiality and Non-Disclosure
	 	 	18	 
	 
	ARTICLE VII DISTRIBUTIONS AND ALLOCATIONS OF PROFIT AND LOSS
	 	 	20	 
	 
	7.1. Manager’s Determination
	 	 	20	 
	7.2. Series 1 Distributions
	 	 	20	 
	7.3. Series 2 Distributions
	 	 	21	 
	7.4. Tax Distributions
	 	 	22	 
	7.5. No Violation
	 	 	23	 
	7.6. Withholdings
	 	 	23	 
	7.7. Property Distributions and Installment Sales
	 	 	23	 
	7.8. Net Profit or Net Loss
	 	 	23	 
	7.9. Regulatory Allocations
	 	 	25	 
	7.10. Tax Allocations
	 	 	25	 
	7.11. Changes in Members’ Series Interest
	 	 	26	 
	7.12. Credits
	 	 	26	 
	7.13. Tax Treatment of Class B Units
	 	 	26	 
	7.14. Tax Treatment of Company Match Class A Units
	 	 	27	 
	 
	ARTICLE VIII TAX MATTERS MEMBER; OTHER TAX MATTERS
	 	 	27	 
	 
	8.1. Tax Matters Member
	 	 	27	 
	8.2. Certain Authorizations
	 	 	27	 
	8.3. Indemnity of Tax Matters Member
	 	 	28	 
	8.4. Information Furnished
	 	 	28	 
	8.5. Notice of Proceedings, etc.
	 	 	29	 

ii

 

	 	 	 	 	 

	8.6. Notices to Tax Matters Member
	 	 	29	 
	8.7. Elections with Respect to Issuance of Class B Units
	 	 	29	 
	 
	ARTICLE IX TRANSFERS OF SERIES INTERESTS; CALL RIGHTS, TAG ALONG RIGHTS, 
DRAG ALONG OBLIGATIONS AND OTHER RIGHTS AND OBLIGATIONS
	 	 	30	 
	 
	9.1. Transfer by Members
	 	 	30	 
	9.2. Conditions to Transfer
	 	 	30	 
	9.3. Member’s Agreement
	 	 	31	 
	9.4. Records
	 	 	32	 
	9.5. Additional Transfer Restrictions
	 	 	32	 
	9.6. Tag Along
	 	 	32	 
	9.7. Drag Along
	 	 	35	 
	9.8. Miscellaneous Provisions Relating to Sales or Sale of Series Interests under Section 9.6 and 9.7
	 	 	36	 
	9.9. Pre-Emptive Rights
	 	 	38	 
	9.10. Forfeiture of Class A Units
	 	 	40	 
	9.11. Repurchase Rights
	 	 	41	 
	9.12. Management Loan
	 	 	43	 
	9.13. Class B Employment Termination Redemption Rights
	 	 	45	 
	9.14. Class B Sale Repurchase Right
	 	 	46	 
	9.15. Proceeds of Sale Transaction
	 	 	47	 
	 
	ARTICLE X ADMISSION OF ASSIGNEE AS MEMBER
	 	 	47	 
	 
	10.1. Requirements
	 	 	47	 
	10.2. Consent
	 	 	48	 
	10.3. Withdrawal of Member; No Dissolution
	 	 	48	 
	 
	ARTICLE XI RIGHTS AND POWERS OF THE MEMBERS
	 	 	48	 
	 
	11.1. No Management and Control
	 	 	48	 
	11.2. Specific Limitations
	 	 	48	 
	11.3. Amendments to Certificate and Agreement; Voting
	 	 	49	 
	 
	ARTICLE XII DISSOLUTION OF COMPANY
	 	 	50	 
	 
	12.1. Termination of Membership
	 	 	50	 
	12.2. Events of Dissolution or Liquidation
	 	 	50	 
	12.3. Liquidation
	 	 	50	 

iii

 

	 	 	 	 	 

	12.4. No Action for Dissolution
	 	 	51	 
	12.5. No Further Claim
	 	 	51	 
	 
	ARTICLE XIII INDEMNIFICATION
	 	 	51	 
	 
	13.1. General
	 	 	51	 
	13.2. Exculpation
	 	 	52	 
	13.3. Persons Entitled to Indemnity
	 	 	52	 
	13.4. Procedure Agreements
	 	 	52	 
	13.5. Interested Transactions
	 	 	52	 
	13.6. Business Opportunities
	 	 	52	 
	13.7. Fiduciary and Other Duties
	 	 	53	 
	13.8. Amendment
	 	 	53	 
	13.9. Survival
	 	 	53	 
	13.10. No Inconsistent Amendments to Certificate
	 	 	53	 
	 
	ARTICLE XIV REPRESENTATIONS AND COVENANTS BY THE MEMBERS
	 	 	53	 
	 
	14.1. Investment Intent
	 	 	53	 
	14.2. Securities Regulation
	 	 	54	 
	14.3. Knowledge and Experience
	 	 	54	 
	14.4. Economic Risk
	 	 	54	 
	14.5. Binding Agreement
	 	 	54	 
	14.6. Tax Position
	 	 	54	 
	14.7. Information
	 	 	54	 
	 
	ARTICLE XV COMPANY AND SERIES REPRESENTATIONS
	 	 	55	 
	 
	15.1. Organization, etc.
	 	 	55	 
	15.2. Series Interests
	 	 	55	 
	 
	ARTICLE XVI RIGHT TO CONVERT TO CORPORATE FORM
	 	 	55	 
	 
	16.1. Conversion of Company
	 	 	55	 
	16.2. Execution of Documents
	 	 	56	 
	 
	ARTICLE XVII LIMITED LIABILITY
	 	 	56	 
	 
	 
	ARTICLE XVIII MISCELLANEOUS
	 	 	56	 
	 
	18.1. Additional Documents
	 	 	56	 
	18.2. General
	 	 	56	 
	18.3. Notices, etc.
	 	 	57	 

iv

 

	 	 	 	 	 

	18.4. Execution of Papers
	 	 	59	 
	18.5. Arbitration
	 	 	60	 
	18.6. Matters of Interpretation
	 	 	61	 
	18.7. Subsidiary Matters
	 	 	62	 
	18.8. Severability
	 	 	62	 
	18.9. No Third Party Rights
	 	 	62	 
	18.10. Counterparts
	 	 	62	 

v

 

Limited Liability Company Agreement

FIF HE Holdings LLC

Fifth Amended and Restated

Limited Liability Company Agreement

     THIS FIFTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (as amended from time
to time, this “Agreement”) of FIF HE Holdings LLC (the “Company”), dated as of September 17, 2010
(the “Effective Date”), is by and among each of the Persons (as hereinafter defined) from time to
time party hereto, as Members (as hereinafter defined).

     WHEREAS, the Company was formed as a limited liability company pursuant to the Delaware
Limited Liability Company Act by filing of Certificate of Formation (the “Certificate”) with the
Secretary of State of the State of Delaware on February 27, 2006, as amended on March 27, 2006 and,
as amended and restated on July 11, 2006.

     WHEREAS, the Company and certain of its Members previously entered into that certain Limited
Liability Company Agreement effective as of March 30, 2006.

     WHEREAS, the Company and its Members previously entered into that certain Amended and Restated
Limited Liability Company Agreement dated as of July 11, 2006, that certain Second Amended and
Restated Limited Liability Company Agreement dated as of December 27, 2006 with effect as of July
11, 2006, that certain Third Amended and Restated Limited Liability Company Agreement dated as of
November 19, 2007, and that certain Fourth Amended and Restated Limited Liability Company Agreement
dated as of December 31, 2008 with effect as of November 19, 2007 (the “Fourth Amended and Restated
Agreement” and together with such other limited liability company agreements, the “Previous
Agreements”).

     WHEREAS, it is intended by the parties hereto that pursuant to Section 18-215 of the Act the
Company shall have Series (as hereinafter defined) having separate assets, liabilities, rights,
powers, duties, purposes, and objectives and that the debts, liabilities and obligations incurred,
contracted for or otherwise existing with respect to a particular Series of the Company will be
enforceable against the assets of such Series only, and not against the assets of the Company
generally or any other Series thereof, and none of the debts, liabilities, obligations and expenses
incurred, contracted for or otherwise existing with respect to the Company generally or any other
Series thereof shall be enforceable against the assets of a different Series.

     WHEREAS, it is intended by the parties hereto that each Series (and not the Company as a
whole) shall constitute a separate partnership for federal (and applicable state) income tax
purposes, and that the partners thereof shall consist solely of the Members holding a Series
Interest (as hereinafter defined) in such Series.

1

 

     WHEREAS, the Members desire to enter into this Fifth Amended and Restated Limited Liability
Company Agreement to provide for, among other things, the issuance of additional Series 1 Class A
Units, Series 1 Class C Preferred Units, Series 1 Class D Preferred Units and Series 2 Class A
Units.

     NOW, THEREFORE, in consideration of the mutual promises, representations, warranties,
covenants and conditions set forth in this Agreement, the Fourth Amended and Restated Agreement is
hereby amended and restated as follows:

ARTICLE I

DEFINITIONS

     For purposes of this Agreement certain capitalized terms have specifically defined meanings
which are either set forth or referred to in Schedule 1 which is attached hereto and
incorporated herein by reference.

ARTICLE II

FORMATION AND PURPOSE

     2.1. Formation. The Company was formed by the filing of the Certificate with the Secretary of
State of the State of Delaware. In accordance with Section 18-215 of the Act, the Company shall
have Series having separate assets, liabilities, rights, powers, duties, purposes and objectives.
The rights and liabilities of the Members and each Series shall be determined pursuant to the Act,
the Certificate and this Agreement. To the extent that the rights or obligations of any Member or
Series are different by reason of any provision of this Agreement than they would be in the absence
of such provision, this Agreement shall, to the maximum extent permitted by the Act, control.

     2.2. Name. The name of the Company is FIF HE Holdings LLC. The business of the Company and each
Series may be conducted under that name, together with the Series designation of the respective
Series, or, upon compliance with applicable laws, any other name that the Company Manager or
applicable Series Manager, as the case may be, deems appropriate or advisable. The Company Manager
shall file, or shall cause to be filed, any fictitious name certificates and similar filings, and
any amendments thereto, that the Company Manager considers appropriate or advisable.

     2.3. Registered Office/Agent. The registered office required to be maintained by the Company in
the State of Delaware pursuant to the Act is 1209 Orange Street, Wilmington, DE 19801. The name
and address of the registered agent of the Company pursuant to the Act is CT Corporation, 1209
Orange Street, Wilmington, DE 19801. The Company may, upon compliance with the applicable
provisions of the Act, change its registered office or registered agent from time to time in the
discretion of the Company Manager.

     2.4. Term. The term of the Company and each Series shall continue until the Company or such Series
is dissolved as hereinafter provided. The existence of the Company and

2

 

each Series as a separate legal entity shall continue until a certificate of dissolution is filed
with the Secretary of State of the State of Delaware as provided in the Act.

     2.5. Purpose and Powers. Subject to the limitations contained elsewhere in this Agreement, the
Company and each Series thereof are formed for the object and purpose of, and the nature of the
business to be conducted and promoted by the Company and each Series thereof is, engaging in any
lawful act or activity for which limited liability companies and each Series thereof may be formed
under the Act and engaging in any and all activities necessary, advisable, convenient or incidental
thereto. The Company and each Series have the power and authority to engage in all manner of
actions as it deems necessary to carry out the purposes of the Company or such Series, as the case
may be.

     2.6. Admission; Redemption. Upon the execution of this Agreement or a counterpart of this
Agreement, together with any other documents or instruments required by the Company Manager or
applicable Series Manager, as the case may be, in connection therewith, and the making of the
capital contribution (if any) required by the applicable Series Manager to be made at such time, a
Person shall be admitted to a Series as a member of such Series.

     2.7. Principal Office. The principal executive office of the Company and each Series shall be
located at the principal executive office of the Fortress Holders, and, subject to the provisions
hereof, the Company Manager or applicable Series Manager, as the case may be, may from time to time
change the location of the principal executive office of the Company and each Series to any other
place within or without the State of Delaware. The Company Manager or applicable Series Manager,
as the case may be, may establish and maintain such additional offices and places of business of
the Company and each Series, either within or without the State of Delaware, as it deems
appropriate.

ARTICLE III

MEMBERSHIP, SERIES, UNITS AND CAPITAL ACCOUNTS

     3.1. General. The limited liability company interests in the Company shall consist exclusively of
Series Interests in the respective Series. No Person who is a Member of a particular Series shall
have any interest in any other Series unless such Person is also a Member of such other Series.

     3.2. Establishment of Series. (a) The following Series are established and designated as follows:
(i) Series 1 interests (“Series 1”) and Series 2 interests (“Series 2”). Each of Series 1 and
Series 2 shall have the relative rights, powers, authority, privileges, preferences, duties and
responsibilities set forth in this Agreement.

	 	(b)	 	One or more additional Series (each an “Additional Series”) may
be established by the Company Manager. In establishing an Additional Series,
the Company Manager shall: (i) set forth the initial assets and liabilities of
such Series and, either expressly or by reference to another document or
documents, the objectives, policies, restrictions and limitations in respect of
the investments of such Additional Series;

3

 

	 	 	 	(ii) designate, fix and determine the relative rights, powers, authority,
privileges, preferences, duties, responsibilities, liabilities and
obligations in respect of Series Interests in such Additional Series and the
Members thereof (to the extent such terms differ from those set forth
herein); (iii) set forth the initial Series Property of such Additional
Series; and (iv) set forth any other provisions applicable to such Series
Interests.

     3.3. Series Property. A description of the Series Property of each Series as of the date hereof is
set forth on Schedule 3.3. To the extent that any asset of the Company as of the date
hereof is not described on Schedule 3.3 as being included in the Series Property of a
particular Series, such asset shall be included in the Series Property of Series 1.

     3.4. Liabilities Associated with Series. (a) The liabilities associated with a particular Series
shall include all liabilities and obligations of the Company relating to any Series Property of
such Series (“Series Liabilities”). All Series Liabilities shall be enforceable against the Series
Property of that Series only and not against the assets associated with any other Series. The
Members have caused notice of this limitation on inter-Series liabilities to be set forth in the
Certificate of Formation, and, accordingly, the statutory provisions of Section 18-215(b) of the
Act relating to limitations on inter-series liabilities (and the statutory effect under Section
18-207 of the Act of setting forth such notice in the Certificate of Formation) shall apply to the
Company and each Series. Any liabilities or obligations of the Company that are primarily related
to the Series Property of a particular Series shall be deemed to be wholly related to such Series.
To the extent that any liabilities or obligations of the Company are not primarily related to the
Series Property of a particular Series, such liabilities shall be deemed for all purposes to be
partially attributable to each Series in proportion to the Fair Market Value of the Series Property
of such Series relative to the Fair Market Value of the Series Property of all Series.
Notwithstanding anything contained herein to the contrary, the liabilities and obligations of the
Company under that certain Guaranty dated as of July 11, 2006 between the Company and Greenwich
Capital Financial Products, Inc. shall be joint and several liabilities and obligations of each
Series.

	 	(b)	 	Notwithstanding any other provision of this Agreement, no
distribution on or in respect of Series Interests in a particular Series,
including, for the avoidance of doubt, any distribution made to a Member in
connection with any withdrawal from such Member’s Series Capital Account in
such Series permitted or required under the provisions of this Agreement and
any distribution made in connection with the winding up of such Series, shall
be effected by the Company other than from the assets associated with that
Series, nor shall any Member or former Member of a Series otherwise have any
right or claim against the assets associated with any other Series (except to
the extent that such Member or former Member has such a right or claim
hereunder as a Member or former Member of such other Series or in a capacity
other than as a Member or former Member).

4

 

     3.5. Apportionment of Income and Expenses Among Series.

     3.5.1. Any income, gain, loss, deduction or expense of the Company that is primarily
attributable to a Series shall be deemed for all purposes to be wholly attributable to such
Series; provided, however, that, for the avoidance of doubt, any loss, deduction or expense
primarily attributable to a Series in accordance with Section 3.4 shall be deemed wholly
attributable to such Series.

     3.5.2. Any income, gain, loss, deduction or expense of the Company not primarily
attributable to a particular Series shall be deemed for all purposes to be partially
attributable to each Series in proportion to the Fair Market Value of the Series Property of
such Series relative to the Fair Market Value of the Series Property of all Series.

     3.6. Capital Contributions. Each Member’s capital contribution, if any, whether in cash or in
kind, and the number of Units of various Classes of Series Interests issued to such Member shall be
as set forth in the writing pursuant to which such Units were issued to such
Member; and the capital contribution of and number, Series, and Classes of Units issued to each
Member shall be recorded on the books and records of the Company and such Series. Any in-kind
capital contributions shall be effected by a written assignment or such other documents as the
applicable Series Manager shall direct. Any Member making an in-kind capital contribution agrees
to do such further acts and execute such further documents as the Manager(s) may direct to perfect
the Series’ interest in such in-kind capital contribution. Each Member hereby agrees that any
distribution or payment of cash or other assets to the Members of a particular Series that are
designated by the Manager of the Series making such distribution or payment as being subsequently
mandatorily contributed to another Series (a “Mandatory Series Capital Contribution”) shall be
required to be contributed in full, which shall occur automatically and without action of any
Member, to such other Series and no additional Units shall be issued in respect of such Mandatory
Series Capital Contribution.

     3.7. Classes of Units. The Series Interests of the Members shall be represented by Units of
different Classes within each Series, as follows:

     3.7.1. (a) Each “Series 1 Class A Unit” shall represent a Series Interest in Series 1,
shall be designated as a Series 1 Class A Unit of the Company and shall be entitled to the
Distributions provided for in Sections 7.2 and 7.4. The Company Match Series 1 Class A
Units shall constitute “Series 1 Class A Units” for all purposes of this Agreement.

	 	(b)	 	Each “Series 1 Class B Unit” shall represent a Series Interest
in Series 1, shall be designated as a Series 1 Class B Unit of the Company,
shall have no voting rights (except as provided in Section 5.3.2) and shall
only be entitled to the Distributions provided for in Sections 7.2 and 7.4.
The Distributions applicable to any Series 1 Class B Units issued by Series 1
after the date hereof shall be specified by the Series 1 Manager at the time of
such Issuance and shall be determined (if the Series 1 Manager so desires) so
as to cause the Series 1 Class B Units to constitute “profits

5

 

	 	 	 	interests” within the meaning of Rev. Proc. 93-27, 1993-2 C.B. 343 (“Rev.
Proc. 93-27”).

	 	(c)	 	Each “Series 1 Class C Preferred Unit” shall represent a Series
Interest in Series 1, shall be designated as a Series 1 Class C Preferred Unit
of the Company and shall be entitled to the Distributions provided for in
Sections 7.2 and 7.4.

	 	(d)	 	Each “Series 1 Class D Preferred Unit” shall represent a Series
Interest in Series 1, shall be designated as a Series 1 Class D Preferred Unit
of the Company and shall be entitled to the Distributions provided for in
Sections 7.2 and 7.4.

     3.7.2. (a) Each “Series 2 Class A Unit” shall represent a Series Interest in Series 2,
shall be designated as a Series 2 Class A Unit of the Company and shall be entitled to the
Distributions provided for in Sections 7.3 and 7.4. The Company Match Series 2 Class A
Units shall constitute “Series 2 Class A Units” for all purposes of this Agreement.

	 	(b)	 	Each “Series 2 Class B Unit” shall represent a Series Interest
in Series 2, shall be designated as a Series 2 Class B Unit of the Company,
shall have no voting rights (except as provided in Section 5.3.2) and shall
only be entitled to the Distributions provided for in Section 7.2 and 7.4. The
Distributions applicable to any Series 2 Class B Units issued by Series 2 after
the date hereof shall be specified by the Series 2 Manager at the time of such
Issuance and shall be determined (if the Series 2 Manager so desires) so as to
cause the Series 2 Class B Units to constitute “profits interests” within the
meaning of Rev. Proc. 93-27.

     3.7.3. Fractions of a Unit May be Issued. Each limited liability company
interest in a Series shall constitute a “security” within the meaning of (i) Article 8 of
the Uniform Commercial Code (including Section 8-102(a)(15) thereof) as in effect from time
to time in the State of Delaware and (ii) the Uniform Commercial Code of any other
applicable jurisdiction that presently or hereafter substantially includes the 1994
revisions to Article 8 thereof as adopted by the American Law Institute and the National
Conference of Commissioners on Uniform State Laws and approved by the American Bar
Association on February 14, 1995.

     3.7.4. Schedule of Units. Schedule 3.7 sets forth all of the
outstanding Units of each Class and Series, and indicates the Persons who hold such Units
and the consideration (if any) paid for such Units. The Company Manager or any Series
Manager shall (without the approval of any Members) update Schedule 3.7 from time to
time to reflect the issuance of additional Units, any additional capital contribution made
with respect to any Units, or the sale, forfeiture, repurchase or other transfer of Units,
as provided for in this Agreement.

6

 

     3.8. Additional Members and Units. Subject to the terms and conditions of Section 9.9, a Series
Manager may issue Units (which may be Units of existing Classes or new Classes of such Series) and
admit Persons as Members in exchange for such contributions to capital or such other consideration
(including past or future services) and on such terms and conditions as such Series Manager
reasonably deems appropriate; provided, that any such consideration shall be at least equal in
value to the Fair Market Value of such Units other than Units issued to any employee or consultant
of the Company or any of its Subsidiaries. Promptly following the issuance of Units such Series
Manager shall cause the books and records of such Series and Schedule 3.7 to be amended to
reflect the number, Series and Classes of Units issued and, in the case of Units issued other than
in connection with the performance of services for the Company, the capital contribution per Unit.

     3.9. Single Class.

     3.9.1. Notwithstanding the fact that a Member may hold any combination of Classes of
Units or only one Class of Units in a particular Series, the Members of each respective
Series shall constitute a single class of Members of such Series for all purposes under the
Act and this Agreement, except to the extent this Agreement expressly provides otherwise.
Upon Issuance of the Units as provided in this Agreement, the Units shall be deemed to be
duly authorized, validly issued, fully paid and nonassessable.

     3.9.2. In case the Company or a Series at any time or from time to time after the date
hereof shall declare or pay any dividend or make any other distribution on any Class of
Units of a particular Series payable in such Units, or shall effect a subdivision or split
of any Class of outstanding Units of a particular Series into a greater number of such Units
(by reclassification or otherwise than by payment of a dividend in such Units), then, and in
each such case, the Company or such Series shall simultaneously take the same proportional
action with respect to each other Class of Units of such Series then outstanding.

     3.9.3. In case the outstanding Units of any Class of a particular Series shall be
combined or consolidated, by reclassification or otherwise, into a lesser number of such
Units, then, and in each such case, the Company or such Series shall simultaneously take the
same proportional action with respect to each other Class of Units of such Series then
outstanding.

     3.9.4. Sections 3.9.1, 3.9.2 and 3.9.3 shall not apply to any issuances pursuant to
Article XVI.

     3.10. Series Capital Accounts. A separate account shall be established and maintained for each
Member with respect to each Series in which such Member holds a Series Interest (each a “Series
Capital Account”) which shall be increased by (a) the amount of cash and the Asset Value of any
other property contributed by such Member to such Series as a capital contribution (net of
liabilities secured by such property or that such Series is considered to assume or take the
property subject to pursuant to Code Section 752) and (b) such Member’s share of the Net Profit of
such Series, and shall be reduced by (c) the amount of cash and the Asset Value of any other
property distributed to such Member by such Series (net of liabilities secured by such property or

7

 

that the Member is considered to assume or take the property subject to pursuant to Code Section
752) and (d) such Member’s share of the Net Loss of such Series. The Series Capital Accounts of
the Members shall be further adjusted, without duplication, as provided in Sections 3.11, 3.12,
7.6, 7.7, 7.8, 7.9 or 7.12. It is the intention of the Members that the Series Capital Accounts be
maintained in accordance with the provisions of Section 704(b) of the Code and the Regulations
thereunder and that this Agreement be interpreted consistently therewith.

     3.11. Revaluations of Assets and Series Capital Account Adjustments. Immediately preceding the
issuance of additional Units to a new or existing Member in exchange for cash, property or (in the
determination of the applicable Series Manager) services or upon the redemption of the Series
Interest of a Member, the Distribution of more than a de minimis amount of cash or property or the
liquidation of the Company or a Series, the then prevailing Asset Values of such Series shall be
adjusted to equal their respective gross fair market values, as reasonably determined by the
applicable Series Manager, and any increase in the net equity value of such Series (Asset Values
less liabilities) shall be credited to the Series Capital Accounts of the Members in the same
manner as Net Profits are credited under Section 7.8 (or any decrease in the net equity value of
such Series shall be charged in the same manner as Net Losses are charged under Section 7.8).
Accordingly, as of the date Asset Values are adjusted pursuant to this Section 3.11, the Series
Capital Accounts of Members will reflect both realized and unrealized gains and losses through such
date.

     3.12. Additional Capital Account Adjustments. Any income of a Series that is exempt from federal
income tax shall be credited to the Series Capital Accounts of the Members of such Series in the
same manner as Net Profits are credited under Section 7.8 when such income is realized. Any
expenses or expenditures of a Series described in Code Section 705(a)(2)(B) (relating to
expenditures which may be neither deducted nor capitalized for tax purposes) or treated as so
described pursuant to the Treasury Regulations promulgated under Section 704 of the Code shall be
charged to the Series Capital Accounts of the Members of such Series, in the same manner as Net
Losses are charged under Section 7.8. If a Series makes an election under Section 754 of the Code
to provide a special basis adjustment upon the Transfer of a Series Interest in such Series or the
distribution of property by such Series, Series Capital Accounts shall be adjusted to the limited
extent required by the Treasury Regulations under Section 704 following such Transfer or
distribution.

     3.13. Additional Series Capital Account Provisions.

     3.13.1. No Member shall have the right to demand a return of all or any part of its
capital contributions. Any return of the capital contributions of any Member shall be made
solely from the assets of the respective Series and only in accordance with the terms of
this Agreement. No interest shall be paid to any Member with respect to its capital
contribution or Series Capital Account.

     3.13.2. In the event that all or a portion of the Units of a Member are transferred in
accordance with the terms of this Agreement, the transferee of such Units shall also succeed
to all or the relevant portion of the Series Capital Account of the transferor. Units held
by a Member may not be transferred independently of the interest in the capital of the
Company to which the Units relate.

8

 

     3.13.3. No Member shall have any obligation to repay any deficit balance in its Capital
Account.

     3.14. Unit Certificates.

     3.14.1. Upon the Issuance of Units to any Member in accordance with the provisions of
this Agreement, the applicable Series Manager may, in its sole discretion, authorize the
issuance of one or more Unit Certificates in the name of such Member. Each such Unit
Certificate shall be denominated in terms of the number, Series and Class of Units evidenced
by such Unit Certificate and shall be signed by the applicable Series Manager or by two
authorized officers of the relevant Series on behalf of such Series.

     3.14.2. The Company shall issue a new Unit Certificate in place of any Unit Certificate
previously issued if the holder of the Units represented by such Unit Certificate, as
reflected on the books and records of such Series:

	 	(a)	 	makes proof by affidavit, in form and substance satisfactory to
the applicable Series Manager, that such previously issued Unit Certificate has
been lost, stolen or destroyed;

	 	(b)	 	requests the issuance of a new Unit Certificate before the
Company or Series has notice that such previously issued Unit Certificate has
been acquired by a purchaser for value in good faith and without notice of an
adverse claim;

	 	(c)	 	if requested by the applicable Series Manager, delivers to the
Company and Series a bond, in form and substance satisfactory to the Company
Manager and applicable Series Manager, with such surety or sureties as the
Company Manager and applicable Series Manager may direct, to indemnify the
Company and Series against any claim that may be made on account of the alleged
loss, destruction or theft of the previously issued Unit Certificate; and

	 	(d)	 	satisfies any other reasonable requirements imposed by the
applicable Series Manager.

     3.14.3. Each certificate representing any Unit shall have the following legend endorsed
conspicuously thereupon:

     “The sale, encumbrance or other disposition of the securities
represented by this certificate are subject to the provisions of the Limited
Liability Company Agreement of FIF HE Holdings LLC (as amended and in effect
from time to time) to which its securityholders are party, a copy of which
may be inspected at the principal office of the issuer or obtained from the
issuer without charge.”

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     3.14.4. Each certificate representing any Unit shall have the following legend endorsed
conspicuously thereupon:

     “The securities represented by this certificate were issued in a
private placement, without registration under the Securities Act of 1933, as
amended (the “Securities Act”), and may not be sold, assigned, pledged or
otherwise transferred in the absence of an effective registration under the
Securities Act covering the transfer or an opinion of counsel, reasonably
satisfactory to the issuer, that registration under the Securities Act is
not required.”

     3.14.5. The Company and applicable Series will not, and will instruct any transfer
agent not to, register the Transfer of any Unit until the conditions specified in the
foregoing legends are satisfied.

     3.14.6. The restrictions imposed by Section 3.14.4 upon the transferability of Units
shall cease and terminate as to any particular Series Interest when, in the opinion of
Skadden, Arps, Slate, Meagher & Flom LLP or other counsel reasonably acceptable to the
Company and Series, such restrictions are no longer required in order to assure compliance
with the Securities Act.

     3.15. Loans from Members. Loans by a Member to the Company or any Series shall not be considered a
contribution to any capital and shall not be considered part of any Member’s Series Interest or
Invested Capital. If any Member makes a loan to the Company or any Series the making of such loan
shall not result in any increase in the amount of any Series Capital Account of such Member. The
amounts of any such loan shall be a debt of the Company or such Series to such Member and shall be
payable or collectible only out of the Company’s or such Series’ assets in accordance with the
terms and conditions upon which such loans are made. Any such loans shall be made on commercially
reasonable terms and conditions in light of the circumstances on which such Loans are made. The
repayment of loans from a Member to the Company upon liquidation shall be subject to the order of
priority set forth in Section 12.3. Neither the Company nor any Series shall accept a loan from
any Member unless either (i) the Fortress Holders and Majority Management Holders consent in
writing to such loan, which consent shall not be unreasonably withheld, conditioned or delayed or
(ii) the Management Holders are offered the opportunity to participate in the making of such loan
pursuant to the procedures set forth in Section 9.9.

     3.16. Subsequent Investments. In the event and on each occasion that the Company, Series 1 or
Series 2 desires to accept a Material Subsequent Investment, the Company, Series 1 or Series 2, as
the case may be, shall give written notice thereof to the Class B Holder Members not less than 30
days prior to accepting such Material Subsequent Investment, which notice shall state the proposed
amount of such Material Subsequent Investment and shall describe, in reasonable detail, the purpose
or purposes of, and other information concerning, such Material Subsequent Investment.
Notwithstanding anything to the contrary herein, the obligations under the preceding sentence shall
terminate and be of no further force or effect once a Wall-Off Election (as defined below) has been
made. During such 30 day period, the Majority Class B Holder Members may elect (for the avoidance
of doubt, such election by the Majority Class B

10

 

Holder Members shall not restrict the ability of
the Company, Series 1 or Series 2 to accept such Material Subsequent Investment), to have the
Distributions to which the Class B Holder is entitled determined without reference to such Material
Subsequent Investment (a “Wall-Off
Election”); it being understood that once a Wall-Off Election is made, Distributions thereafter
shall be made without reference to such Material Subsequent Investment or any contributions of or
investments in Invested Capital that are made subsequent to such Material Subsequent Investment (a
“Further Investment”). In the event of a Wall-Off Election, the parties hereto agree to use
reasonable efforts to negotiate, in good faith, an amendment to this Agreement reasonably intended
to implement such Wall-Off Election. In the event of a Wall-Off Election, the Company Manager and
applicable Series Manager will use reasonable efforts to ensure that the Class B Holder receives
its Initial Series 1 Liquidity Distribution and/or Initial Series 2 Liquidity Distribution, as
applicable, and subsequent Distributions on the Transaction Related Investment Capital and any
prior Material Subsequent Investments (i.e., which will not include any Further Investments) as to
which the Majority Class B Holder Members have not made a Wall-Off Election, at such time and in
such amounts as it would otherwise have been entitled to pursuant to Section 7.2 or Section 7.3, as
applicable, if such Material Subsequent Investments as to which the Majority Class B Holder Members
have made a Wall-Off Election and any such Further Investments had not been made. The Company
Manager and the applicable Series Manager shall disclose to the Class B Holder Members the details
of the efforts being used in accordance with the immediately preceding sentence and will consult
with the Class B Holder Members with respect to such efforts. By its execution of this Fourth
Amended and Restated Limited Liability Company Agreement, the Class B Holder Members hereby
irrevocably waive their right to make a Wall-Off Election with respect to any Material Subsequent
Investment (1) on or prior to the date hereof with respect to which any Series 1 Class A Unit,
Series 1 Class C Preferred Units or Series 1 Class D Preferred Units were issued and (2) after the
date hereof in an amount up to $150,000,000, and the consideration for which is Series 1 Class C
Preferred Units or Series 1 Class D Preferred Units (the “Set Aside Capital”).

     3.17. Management Unit Surrender and Issuance. Effective as of December 31, 2008, the Management
Holders agreed to surrender the Series 2 Class A Units set forth opposite their respective names on
Schedule 3.17 and Series 1 issued to the Management Holders the Series 1 Class A Units set
forth opposite their respective names on Schedule 3.17. Schedule 3.7 reflects the
exchange detailed on Schedule 3.17.

ARTICLE IV

STATUS OF MEMBERS

     4.1. Limited Liability. Except as expressly required by the Act, no Member shall be bound by or
personally liable for the expenses, liabilities, or obligations of the Company or any Series as
more fully set forth in Article XVII.

     4.2. Return of Distributions of Capital. Except as otherwise expressly required by law or pursuant
to a specific obligation set forth in this Agreement, a Member, in its capacity as such, shall have
no liability for obligations, liabilities or losses of the Company or a Series whether to the
Company, to any of the other Members, to the creditors of the Company or any Series or any other
third party (it being expressly understood that a Member may lose all of its capital

11

 

contributions
as well as such Member’s share of any assets and undistributed profits of the Company or a Series).
Except as required by law, no Member shall be obligated by this Agreement to return any
Distribution to the Company or a Series or pay the amount of any
Distribution for the account of the Company or a Series or to any creditor of the Company or a
Series. However, if any court of competent jurisdiction holds that, notwithstanding the provisions
of this Agreement, any Member is obligated to return or pay any part of any Distribution, the
obligation shall be that of such Member alone and not of the Managers or any other Member;
provided, however, that if any Member is required to return all or any portion of any Distribution
under circumstances that are not unique to such Member but that would have been applicable to all
Members of a particular Series if such Members had been named in the lawsuit against the Member in
question (such as where a Distribution was made pro rata to all Members and rendered the Company or
a Series insolvent, but only one Member was sued for the return of such Distribution), the Member
that was required to return or repay the Distribution (or any portion thereof) shall be entitled to
reimbursement from the other Members of the Series that made such Distribution that were not
required to return the Distributions made to them pro rata based on each such Member’s share of the
Distribution in question. The amount of any Distribution returned to the Company or a Series by a
Member or paid by a Member for the account of the Company or a Series or to a creditor of the
Company or a Series shall be added to the account or accounts from which it was subtracted when it
was distributed to the Member.

ARTICLE V

DESIGNATION, RIGHTS, AUTHORITIES, POWERS,

RESPONSIBILITIES, AND DUTIES OF THE MANAGER

     5.1. Manager. The business of the Company and each Series shall be managed by the Person(s)
designated by the Majority Class A Holders, in the case of the Company, or the applicable Series
Majority Class A Holders, in the case of such Series, respectively. Pete Smith c/o Fortress
Investment Group, L.L.C., 1345 Avenue of the Americas, New York, New York 10105 shall be the
initial Manager of the Company and each Series.

     5.1.1. Decisions of a Manager shall be decisions of the “manager” for all purposes of
the Act with respect to the Company and such Series and shall be carried out by officers or
agents of the Company or such Series appointed by the Managers in the vote or resolution in
question or in one or more standing votes or resolutions. A decision of a Manager may be
amended, modified or repealed in the same manner in which it was adopted, but no such
amendment, modification or repeal shall affect any Person who has been furnished a copy of
the original vote or resolution, certified by a duly authorized officer of the Company or
such Series, until such Person has been notified in writing of such amendment, modification
or repeal.

     5.1.2. The Company Manager and each Series Manager shall, unless otherwise provided by
law, hold office until removed by the Majority Class A Holders or Series Majority Class A
Holders, respectively, (for any reason), the date such Manager resigns or the death of such
Manager. A Manager may resign by written notice to the Company and, if applicable, the
Series of which such Manager acts as manager, which resignation shall not require acceptance
and, unless otherwise specified in the resignation notice,

12

 

shall be effective upon receipt
by the Company and such Series. If a vacancy occurs with respect to the Company Manager,
the Majority Class A Holders shall appoint a replacement Company Manager within thirty (30)
days of the creation of such vacancy.
If a vacancy occurs with respect to a Series Manager, the applicable Series Majority
Class A Holders shall appoint a replacement Series Manager within (30) days of the creation
of such vacancy.

     5.1.3. Any action required or permitted to be taken at any meeting of the Company
Manager or Series Manager, as the case may be, may be taken without a meeting if such
Manager consents thereto in writing, and such writing or writings are filed with the records
of the Company or such Series. Such consent shall be treated for all purposes as the act of
such Manager.

     5.1.4. The Managers shall be reimbursed for their reasonable out-of-pocket expenses
incurred in the performance of their duties as Managers.

     5.1.5. The manager of Management LLC shall be reimbursed by the Company for its
reasonable out-of pocket expenses incurred in the performance of its duties as manager of
Management LLC.

     5.2. Authority of the Managers. Subject to any provisions of this Agreement which require the
consent or approval of one or more Members and any other limitations contained in this Agreement,
the Company Manager shall have the exclusive power and authority to manage the business and affairs
of the Company and to make all decisions with respect thereto and a Series Manager shall have the
exclusive power and authority to manage the business and affairs of such Series and to make all
decisions with respect thereto. Except as may be otherwise expressly provided in this Agreement,
the Company Manager or applicable Series Manager, as the case may be, or other Persons designated
by such Manager, shall be the only Persons authorized to execute documents which shall be binding
on the Company or Series. Except as may be otherwise expressly provided in this Agreement, the
Members shall not have the power to bind the Company or any Series. To the fullest extent
permitted by Delaware law, but subject to any specific provisions hereof granting rights to Members
and any other limitations contained in this Agreement, the Managers shall have the power to do any
and all acts, statutory or otherwise, with respect to the Company or Series, as the case may be, or
this Agreement, which would otherwise be possessed by the Members under the laws of the State of
Delaware, and the Members shall have no power whatsoever with respect to the management of the
business and affairs of the Company or any Series. Subject to any provisions of this Agreement
which require the consent or approval of one or more Members and any other limitations contained in
this Agreement (including Section 5.3), the power and authority granted to the Managers hereunder
shall include all those necessary or convenient for the furtherance of the purposes of the Company
or Series, as the case may be, and shall include the power to make all decisions with regard to the
management, operations, assets, financing and capitalization of the Company or Series, as the case
may be, and all other acts or activities necessary or desirable for the carrying out of the
purposes of the Company or Series, as the case may be, including any and all actions that the
Company or Series, as the case may be, may take pursuant to Section 2.6 of this Agreement.

13

 

     5.3. Decisions.

     5.3.1. Class A Units. Neither the Company nor a Series shall (and, with respect to
clause (c) below only, shall cause its Subsidiaries not to), without Class A Approval or
Series Class A Approval, as the case may be:

	 	(a)	 	engage in any transaction with any Member or any Affiliate of a
Member that is not on an arm’s length basis;

	 	(b)	 	(i) amend or waive any provision of the Certificate or this
Agreement in any manner or (ii) establish any Additional Series, that, in the
case of clause (i) or (ii), adversely affects the rights, preferences or
privileges of the Management Holders in respect of their Class A Units of a
Series in a manner different from the Fortress Holders in respect of their
Class A Units of such Series; or

	 	(c)	 	engage in any new line of business such that CHEC’s principal
business is other than the origination and servicing of home loans and
mortgages, home equity loans and manufactured housing loans.

     5.3.2. Class B Units. Neither the Company nor a Series shall, without Class B
Approval, (i) amend or waive any provision of the Certificate or this Agreement in any
manner or (ii) establish any Additional Series that, in the case of clause (i) or (ii):

	 	(a)	 	adversely affects those rights, preferences or privileges of
the Class B Units of a particular Series that are specific or unique to such
Class B Units; or

	 	(b)	 	adversely affects those rights, preferences or privileges of
the Class B Units of a particular Series that are similar to or the same as the
rights, preferences or privileges of the Class A Units of such Series in a
manner disproportionate from the treatment of such Class A Units;

provided, however, that the creation or issuance of any class or series of Units, including
without limitation, Units that entitle the holders thereof to rights that are junior to, on
a parity with, or senior or superior to those of the Class B Units, will not be deemed to
adversely affect the rights, preferences or privileges of the Class B Units of any Series.

        5.3.3. Class C Preferred Units. Neither the Company nor any Series shall, without
Class C Preferred Approval, (i) amend or waive any provision of the Certificate or this
Agreement in any manner or (ii) establish any Additional Series that, in the case of clause
(i) or (ii):

	 	(a)	 	adversely affects those rights, preferences or privileges of
the Class C Preferred Units that are specific or unique to such Class C
Preferred Units; or

14

 

	 	(b)	 	adversely affects those rights, preferences or privileges of
the Class C Preferred Units that are similar to or the same as the rights,
preferences or privileges of the Series 1 Class A Units in a manner
disproportionate from the treatment of such Class A Units;

provided, however, that the creation or issuance of any class or series of Units, including
without limitation, Units that entitle the holders thereof to rights that are junior to, on
a parity with, or senior or superior to those of the Class C Preferred Units, will not be
deemed to adversely affect the rights, preferences or privileges of the Class C Preferred
Units of any Series.

     5.3.4. Class D Preferred Units. Neither the Company nor any Series shall, without
Class D Preferred Approval, (i) amend or waive any provision of the Certificate or this
Agreement in any manner or (ii) establish any Additional Series that, in the case of clause
(i) or (ii):

	 	(a)	 	adversely affects those rights, preferences or privileges of
the Class D Preferred Units that are specific or unique to such Class D
Preferred Units; or

	 	(b)	 	adversely affects those rights, preferences or privileges of
the Class D Preferred Units that are similar to or the same as the rights,
preferences or privileges of the Series 1 Class A Units in a manner
disproportionate from the treatment of such Class A Units;

provided, however, that the creation or issuance of any class or series of Units, including
without limitation, Units that entitle the holders thereof to rights that are junior to, on
a parity with, or senior or superior to those of the Class D Preferred Units, will not be
deemed to adversely affect the rights, preferences or privileges of the Class D Preferred
Units of any Series.

     5.4. Officers; Agents. The Managers by vote or resolution shall have the power to appoint agents
(who may be referred to as officers) to act for the Company and applicable Series, as the case may
be, with such titles, if any, as such Manager deems appropriate and to delegate to such officers or
agents such of the powers as are granted to such Manager hereunder, including the power to execute
documents on behalf of the Company or applicable Series, as the case may be, as such Manager may in
its sole discretion determine; provided, however, that no such delegation by such Manager shall
cause such Manager to cease to be the “manager” of the Company or applicable Series, as the case
may be, within the meaning of the Act. The officers or agents so appointed may include persons
holding titles such as Chair, Chief Executive Officer, President, Executive Vice President, Vice
President, Chief Operating Officer, Chief Financial Officer, Treasurer, Secretary or Controller.
Unless the authority of the agent designated as the officer in question is limited in the document
appointing such officer or is otherwise specified by the Manager making such delegation, any
officer so appointed shall have the same authority to act for the Company or applicable Series, as
the case may be, as a corresponding officer of a Delaware corporation would have to act for a
Delaware corporation in the absence of a specific delegation of authority and as more specifically
set forth in Schedule 5.4; provided, however,

15

 

that unless such power is specifically delegated to the officer in question either for a specific
transaction or generally, no such officer shall have the power to acquire or lease real property,
to borrow money, to issue notes, debentures, securities, equity or other interests of or in the
Company or applicable Series, as the case may be, to make investments in (other than the investment
of surplus cash in the ordinary course of business) or to acquire securities of any Person, to give
guarantees or indemnities, to merge, liquidate or dissolve the Company or applicable Series, as the
case may be, or to sell or lease all or any substantial portion of the assets of the Company or
applicable Series, as the case may be. The applicable Manager, in its sole discretion, may by vote
or resolution ratify any act previously taken by an officer or agent acting on behalf of the
Company or applicable Series, as the case may be.

     5.5. Management Rights Letter Agreement. With respect to each Member that has advised the Company
and each applicable Series that it is or intends to qualify as a “venture capital operating
company,” within the meaning of the Department of Labor “plan assets” regulation, 29 C.F.R. §
25103-101 (the “Regulation”), the Company and each applicable Series shall deliver to each such
Member a “management rights letter agreement,” substantially in the form attached hereto as
Schedule 5.5. The management rights letter is intended to satisfy the requirement of
contractual management rights for purposes of qualifying the Member’s investment in the Company as
a “venture capital investment” under the Regulation. In the event the management rights set forth
in such letter are not satisfactory for such purpose, the Company, each applicable series and the
Member shall reasonably cooperate in good faith to agree upon mutually satisfactory management
rights that will satisfy the Regulation.

ARTICLE VI

BOOKS, RECORDS, ACCOUNTING, AND REPORTS

     6.1. Books and Records. Each Series shall maintain at its principal office all of the following:

	 	(a)	 	A current list of the full name and last known business or
residential address of each Member of such Series together with information
regarding the amount of cash and a description and statement of the agreed
value of any other property or services contributed by each Member with respect
to such Series and which each Member of such Series has agreed to contribute in
the future, the number and Classes of Units issued to each Member with respect
to such Series, the date on which each Member became a Member of such Series,
and the balance in each Member’s Series Capital Account as of the close of the
most recent calendar year for which financial statements have been prepared and
such other more recent date, if any, for which adjustments have been credited
or charged to the Series Capital Accounts of the Members of such Series in
accordance with Sections 3.10, 3.11, 3.12, 7.6, 7.7, 7.9 or 7.12;

	 	(b)	 	A copy of the Certificate and this Agreement, including any and
all amendments to either thereof, together with executed copies of any

16

 

	 	 	 	powers of attorney pursuant to which the Certificate, this Agreement, or any
amendments may have been executed;

	 	(c)	 	Copies of such Series’ federal, state, local and foreign income
tax or information returns and reports, if any, for the six (6) most recent
taxable years or such lesser number of years if such Series has been in
existence for less than six (6) years;

	 	(d)	 	The financial statements of the Company for the six (6) most
recent calendar years or such lesser number of years if the Company has been in
existence for less than six (6) years; and

	 	(e)	 	Such Series’ books and records for at least the current and
past three (3) calendar years or such lesser number of years if such Series has
been in existence for less than three (3) years.

     6.2. Financial Statements. The Company Manager shall cause books of account to be maintained
reflecting the operations of the Company on an annual basis. The fiscal year of each Series and
the Company shall end on December 31, except that if the Company or a Series is required under the
Code to use a taxable year other than a calendar year, then the fiscal year of the Company or such
Series shall be such other taxable year. The Company Manager shall deliver to each holder of any
Units:

	 	(a)	 	within 120 days after the end of each fiscal year of the
Company, a copy of the audited consolidated balance sheet of the Company as at
the end of such fiscal year, and the related audited consolidated statements of
income, cash flows and members’ equity of the Company for such fiscal year, in
each case prepared in accordance with United States generally accepted
accounting principles, and accompanied by a report on such consolidated
statements of independent certified public accountants of recognized national
standing; and

	 	(b)	 	within 60 days after the end of each quarterly fiscal period in
each fiscal year of the Company (other than the last quarterly fiscal period of
each such fiscal year), a copy of the unaudited consolidated balance sheet of
the Company as at the end of such quarter, and the related unaudited
consolidated statements of income, cash flows and members’ equity of the
Company for such quarter and (in the case of statements of income and cash
flows for the second and third quarters) for the portion of the fiscal year
ending with such quarter, in each case prepared in accordance with United
States generally accepted accounting principles (except for the absence of
footnotes).

     6.3. Filings. At each Series’ expense, the respective Series Manager shall cause the income tax
returns for such Series to be duly prepared and timely filed with the appropriate authorities and
to have prepared and to furnish to each Member of such Series such information with respect to such
Series as is necessary to enable such Members to prepare their federal, state

17

 

and other income tax returns. The respective Series Manager, at such Series’ expense, shall also
cause to be duly prepared and timely filed, with appropriate federal, state and other regulatory
and administrative bodies, all reports required to be filed by such Series with those entities
under then current applicable laws, rules, and regulations. The reports shall be prepared on the
accounting or reporting basis required by the regulatory bodies.

     6.4. Confidentiality and Non-Disclosure.

     6.4.1. Each Member agrees that, except as otherwise consented to by the Company Manager
and applicable Series Manager, all information which has been furnished to it or will be
furnished to it, pursuant to this Agreement or otherwise, relating to a Series, the Company
or any of its Subsidiaries or the business of any of them will be kept confidential, will
not be used by such Member, or by any of its agents, representatives, or employees, for any
purpose other than evaluating and monitoring the investment in a Series or the Company and
its Subsidiaries and enforcing rights hereunder, and will not be disclosed by such Member,
or by any of its agents, representatives, or employees, in any manner whatsoever, in whole
or in part.

     6.4.2. Notwithstanding the foregoing provisions of Section 6.4.1, any information that
the Member in question can demonstrate (a) was generally known in the trade or business in
which it is practiced by the Series or the Company or its Affiliates at the time of
disclosure to such Member, or becomes so generally known after such disclosure through no
act of such Member or its employees or agents, or (b) has come into the possession of such
Member from a third party who was not actually known by such Member to be under an
obligation to the Series or the Company or any of its Affiliates to maintain the
confidentiality of such information shall not be subject to the immediately preceding
sentence.

     6.4.3. Notwithstanding the provisions of Section 6.4.1:

	 	(a)	 	each Member shall be permitted to disclose such information to
those of its agents, representatives, financial advisors and employees who need
to be familiar with such information in connection with such Member’s
investment in a Series or the Company for use solely for such purpose;

	 	(b)	 	in respect of Class A Units, Class C Preferred Units or Class D
Preferred Units, each Member shall be permitted to disclose such information to
financial institutions, investment bankers and prospective purchasers of such
Member’s Class A, Class C Preferred or Class D Preferred Series Interest for
use solely in evaluating a prospective investment in or Transfer of such Series
Interest; provided, however, that, in the case of Class A Units, any such
disclosure by a Management Holder shall be subject to the Majority Class A
Holders consent to the Transfer of such Management Holder’s Class A Units
pursuant to Section 9.1;

	 	(c)	 	each Member shall be permitted to disclose such information to
its partners and stockholders;

18

 

	 	(d)	 	each Management Holder shall be permitted to disclose such
information to any Member of the Immediate Family of such Management Holder;

	 	(e)	 	each Member shall be permitted to disclose information to the
extent required by law, so long as such Member shall have, to the extent
reasonably practicable, first afforded the Company and Series with a reasonable
opportunity to contest the necessity of disclosing such information (unless
such disclosure is made to regulatory or other governmental authorities having
jurisdiction over such Member, in which event such opportunity to contest need
not be given to the Company and Series) and; provided, that such Member shall
disclose only that portion of the information which it is advised by counsel
that it is legally required to so disclose and will use commercially reasonable
efforts to obtain reliable assurance that confidential treatment will be
accorded the information so disclosed; and

	 	(f)	 	each Member shall be permitted to disclose information to the
extent necessary for the enforcement of any right of such Member arising under
this Agreement.

     6.4.4. Without intending to limit the remedies available to the Company and each
Series, each Member acknowledges that a breach of any of the covenants contained in this
Section 6.4 may result in material irreparable injury to the Company, Series or their
respective Affiliates for which there is no adequate remedy at law, that it will not be
possible to measure damages for such injuries precisely and that, in the event of such a
breach or threat thereof, to the fullest extent permitted by law, the Company and such
Series shall be entitled to seek a temporary restraining order and/or a preliminary or
permanent injunction restraining the Member and/or such Member’s Affiliates from engaging in
activities prohibited hereby or such other relief as may be required to specifically enforce
any of the covenants contained herein, and to the fullest extent permitted by law, such
Member agrees not to oppose the granting of such injunctive relief on the basis that
monetary damages are an adequate remedy. Each Member hereby agrees and consents that such
injunctive relief may be sought in the courts in the State of Delaware, or in any other
court having competent jurisdiction. Each Member agrees that it shall advise each Person to
whom it provides information pursuant to this Section 6.4 of the confidentiality and
non-disclosure restrictions contained herein. Each Member shall be liable and responsible
for any breaches of this Section 6.4 by Persons to whom such Member has provided information
in compliance with this Section 6.4.

     6.4.5. The provisions of this Section 6.4 shall survive any termination of this
Agreement and shall continue to bind each Person who was ever subject to this provision even
if such Person would otherwise cease to be subject to this provision.

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ARTICLE VII

DISTRIBUTIONS AND ALLOCATIONS OF PROFIT AND LOSS

     7.1. Manager’s Determination. Except as provided in Section 7.4, each Series Manager shall have
the sole authority to determine the timing and the aggregate amount of any Distributions to Members
of such Series.

     7.2. Series 1 Distributions. Subject to Section 7.1, all Distributions from Series 1 to its
Members shall be allocated and made in the following manner and priority:

	 	(i)	 	first, to the Class D Preferred Holders, (x)
applied first to any accrued and unpaid Series 1 Class D Preferred
Yield at such time and allocated among the holders of Series 1 Class D
Preferred Units pro rata in proportion to the accrued and unpaid Series
1 Class D Preferred Yield on their Series 1 Class D Preferred Units;
and (y) applied subsequently to any unpaid Series 1 Class D Preferred
Priority Return and allocated among the holders of Series 1 Class D
Preferred Units pro rata in proportion to the unpaid Series 1 Class D
Preferred Priority Return on their Series 1 Class D Preferred Units,
until such time as the Class D Preferred Holders have received
Distributions from Series 1 the sum of which is equal to the Series 1
Class D Preferred Priority Return;

	 	(ii)	 	second, after the Series 1 Class D Preferred
Priority Return has been paid in full, to the Class C Preferred Holders
(x) applied first to any accrued and unpaid Series 1 Class C Preferred
Yield at such time and allocated among the holders of Series 1 Class C
Preferred Units pro rata in proportion to the accrued and unpaid Series
1 Class C Preferred Yield on their Series 1 Class C Preferred Units;
and (y) applied subsequently to any unpaid Series 1 Class C Preferred
Priority Return and allocated among the holders of Series 1 Class C
Preferred Units pro rata in proportion to the unpaid Series 1 Class C
Preferred Priority Return on their Series 1 Class C Preferred Units,
until such time as the Class C Preferred Holders have received
Distributions from Series 1 the sum of which is equal to the Series 1
Class C Preferred Priority Return;

	 	(iii)	 	third, after the Series 1 Class D Preferred
Priority Return and the Series 1 Class C Preferred Priority Return have
been fully paid, the Fortress Holders and Management Holders shall be
entitled to receive all subsequent Distributions from Series 1 pro rata
in proportion to their respective ownership percentage of the Series 1
Class A Units held by the Fortress Holders and Management Holders,
until such time as the Fortress Holders have received Distributions
from Series 1 the sum of which is equal to the Series 1 Priority
Return;

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	 	(iv)	 	fourth, after the Series 1 Class D Preferred
Priority Return, the Series 1 Class C Preferred Priority Return and the
Series 1 Priority Return have been fully paid, the Class B Holder shall
be entitled to receive all subsequent Distributions from Series 1 until
it has been paid the Initial Series 1 Liquidity Distribution; and

	 	(v)	 	fifth, after the Series 1 Class D Preferred
Priority Return, the Series 1 Class C Preferred Priority Return, the
Series 1 Priority Return and the Initial Series 1 Liquidity
Distribution have been paid, the Fortress Holders and Management
Holders shall be entitled to receive that percentage of all subsequent
Distributions from Series 1 equal to the Fortress Series 1 Distribution
Percentage pro rata in proportion to their respective ownership
percentage of the Series 1 Class A Units held by the Fortress Holders
and the Management Holders, and the Class B Holder shall be entitled to
receive that percentage of all such subsequent Distributions from
Series 1 equal to the Series 1 Class B Distribution Percentage.

For the avoidance of doubt, subject to the Management Holders’ exercise of the Wall-Off Election
under Section 3.16, the Class D Preferred Holders, the Class C Preferred Holders and the Fortress
Holders of Series 1 Class A Units, respectively, shall be entitled to receive a Series 1 Class D
Preferred Priority Return, Series 1 Class C Preferred Priority Return and Series 1 Priority Return,
respectively, on all Invested Capital regardless of whether invested on or before the date hereof
or at a later date (including after Distributions have otherwise been made pursuant to Section
7.2(iii) and/or Section 7.2(iv)). All Distributions made with respect to Series 1 Class A Units
shall be made pro rata to the Company Match Series 1 Class A Units, whether they have vested
hereunder or remain subject to limitations or restrictions on vesting.

     7.3. Series 2 Distributions. Subject to Section 7.1, all Distributions from Series 2 to its
Members shall be made in the following manner and priority:

	 	(i)	 	first, to the Fortress Holders and Management
Holders pro rata in proportion to their respective ownership percentage
of the Series 2 Class A Units held by the Fortress Holders and
Management Holders, until such time as the Fortress Holders have
received Distributions from Series 2 the sum of which is equal to the
Series 2 Priority Return;

	 	(ii)	 	second, after the Series 2 Priority Return has
been fully paid to the Fortress Holders, the Class B Holder shall be
entitled to receive all subsequent Distributions from Series 2 until it
has been paid the Initial Series 2 Liquidity Distribution; and

	 	(iii)	 	third, after the Series 2 Priority Return and
Initial Series 2 Liquidity Distribution have been paid, the Fortress
Holders and Management Holders shall be entitled to receive that
percentage of all subsequent Distributions from Series 2 equal to the
Fortress

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	 	 	 	Series 2 Class A Distribution Percentage pro rata in proportion to
their respective ownership percentage of the Series 2 Class A Units
held by the Fortress Holders and Management Holders and the Class B
Holder shall be entitled to receive that percentage of all such
subsequent Distributions from Series 2 equal to the Series 2 Class B
Distribution Percentage.

For the avoidance of doubt, subject to the Management Holders’ exercise of the Wall-Off Election
under Section 3.16, the Fortress Holders of Series 2 Class A Units shall be entitled to receive a
Series 2 Priority Return on all Invested Capital regardless of whether invested on or before the
date hereof or at a later date (including after Distributions have otherwise been made pursuant to
Section 7.3(ii) and/or Section 7.3(iii)). All Distributions made with respect to Series 2 Class A
Units shall be made pro rata to the Company Match Series 2 Class A Units, whether they have vested
hereunder or remain subject to limitations or restrictions on vesting.

     7.4. Tax Distributions. Unless doing so is prohibited by law or would result in a
breach of an agreement between the Company and a third party, and limited by and only to the extent
of Distributable Cash Flow, each Series Manager shall distribute to each Management Holder as a
Class A Holder and, as applicable, to Management LLC as the Class B Holder annually on or before
March 31st of each year an amount of cash (“Tax Distribution”) that in the good faith judgment of
such Series Manager is equal to the assumed federal and state income taxes payable by the
applicable Management Holder as a Class A Holder and/or, as applicable, a Management LLC Member, on
(i) the estimated share of the items of taxable income of such Series (and to the extent
applicable, as a member of Management LLC) allocable to such Management Holder with respect to the
preceding fiscal year minus (ii) the excess of (a) the aggregate net losses, if any, allocated to
such Management Holder as a Member of Series 1 and/or Series 2 (and to the extent applicable, as a
member of Management LLC) with respect to all fiscal years prior to such preceding taxable year,
over (b) the aggregate net income so allocated to such Management Holder during such period. Such
federal and state income taxes shall be computed based on the highest federal and state marginal
tax rates respectively applicable to such Management Holder, taking into account in determining
such marginal tax rates the capital or ordinary character of the income or gain allocated to such
Management Holder. Tax Distributions to a Management Holder and to Management LLC for the benefit
of such Management Holder with respect to any taxable year shall be reduced, to an amount not less
than zero, by the amount of Distributions made to such Management Holder and Management LLC for the
benefit of such Management Holder during such taxable year other than amounts treated as Tax
Distributions with respect to such prior taxable year; provided, however, that Tax Distributions
shall not be reduced by any amounts treated as Distributions to a Management Holder pursuant to
Section 9.12. Any Tax Distribution to a Management Holder or to Management LLC for the benefit of
such Management Holder shall be treated as an advance against Distributions to be made to such
Management Holder or Management LLC for the benefit of such Management Holder under Section 7.2 and
Section 7.3 and shall be offset, together with a deemed interest charge computed based on monthly
compounding at an annual rate of the prime rate as published in The Wall Street Journal on the date
of such Tax Distribution from the date of each Tax Distribution (determined on a FIFO basis) to the
date repaid, and shall be repaid by offset against subsequent Distributions that would otherwise be

22

 

made to such Member under Section 7.2 and Section 7.3. Such advances (and any interest
thereupon) may be repaid by a Management Holder or Management LLC at any time without penalty.
Upon the liquidation of the Company or a Series pursuant to this Agreement, if the amount of any
Tax Distributions (plus any interest thereupon) previously made to a Management Holder or
Management LLC for the benefit of such Management Holder and not repaid exceeds the amount, if any,
that is then available for Distribution to such Management Holder or Management LLC for the benefit
of such Management Holder (and which is offset against such Tax Distributions and interest)
pursuant to Section 7.2 or 7.3, the Company and each Series shall have recourse with respect
thereto only to the Class A Units held by such Management Holder, any Class B Units held by
Management LLC for the benefit of such Management Holder and any equity interests in Management LLC
held by such Management Holder, and such Management Holder shall have no further liability or
obligation with respect thereto. The Company Manager and each Series Manager shall use reasonable
efforts to cause all agreements between the Company or such Series and any third party to permit
the Tax Distributions in accordance with the terms of this Section 7.4.

     7.5. No Violation. Notwithstanding any provision to the contrary contained in this Agreement, no
Series shall make a distribution to any Member on account of such Member’s interest in such Series
if such distribution would violate Section 18-607 of the Act or other applicable law.

     7.6. Withholdings. Each Series Manager is authorized to withhold from Distributions, or with
respect to allocations, to its Members and to pay over to the appropriate federal, state, local or
foreign government any amounts required to be so withheld. The Series Manager shall allocate any
such amounts to its Members in respect of whose Distribution or allocation the tax was withheld and
paid over and shall treat such amounts as actually distributed to such Members.

     7.7. Property Distributions and Installment Sales. If any assets of a Series shall be distributed
in kind pursuant to this Article VII, such assets shall be distributed to the Members entitled
thereto in the same proportions as such Members would have been entitled to cash Distributions.
The amount by which the Fair Market Value of any property to be distributed in kind to such Members
exceeds or is less than the then prevailing Asset Value of such property shall, to the extent not
otherwise recognized by such Series, be taken into account in determining Net Profit and Net Loss
and determining the Series Capital Accounts of its Members as if such property had been sold at its
Fair Market Value immediately prior to the Distribution. If any assets are sold in transactions in
which, by reason of the provisions of Section 453 of the Code or any successor thereto, gain is
realized but not recognized, such gain shall be taken into account when realized in computing gain
or loss of such Series for purposes of allocation of Net Profit or Net Loss under this Article VII,
and, if such sales shall involve substantially all the assets of the Company or such Series, the
Company or such Series shall be deemed to have been dissolved notwithstanding any election by the
Members to continue the Company or such Series, as the case may be, for purposes of collecting the
proceeds of such sales.

     7.8. Net Profit or Net Loss. The “Net Profit” or “Net Loss” of a Series for each calendar year or
relevant part thereof shall mean such Series’ taxable income or loss for federal income tax
purposes for such period (including therein all items of income, gain, loss or

23

 

deduction required
to be stated separately pursuant to Section 703(a)(1) of the Code) with the following adjustments:

	 	(a)	 	Gain or loss attributable to the disposition of property of
such Series with an Asset Value different than the adjusted basis of such
property for federal income tax purposes shall be computed with respect to the
Asset Value of such property and any tax gain or loss not included in Net
Profit or Loss shall be taken into account and allocated among the Members of
such Series pursuant to Section 7.10.

	 	(b)	 	Depreciation, amortization or cost recovery deductions with
respect to any property with an Asset Value that differs from its adjusted
basis for federal income tax purposes at the beginning of a year shall be in an
amount which bears the same ratio to such beginning Asset Value as the federal
income tax depreciation, amortization or other cost recovery deductions for
such year or other period bears to such beginning adjusted tax basis; provided,
however, that if the adjusted basis for federal income tax purposes of an asset
at the beginning of such year is zero, depreciation shall be determined with
reference to such beginning Asset Value using any reasonable method selected by
the applicable Series Manager.

	 	(c)	 	Any items which are required to be specially allocated pursuant
to Section 7.9 shall not be taken into account in determining Net Profit or Net
Loss.

Subject to Section 7.9, and Section 7.14, the Net Profit or Net Loss of a Series (or, if necessary,
items of gross income or gross loss) for any relevant fiscal period shall be allocated and credited
and debited (as applicable) to the Series Capital Accounts of the Members of such Series so as to
ensure, to the extent possible, that the Series Capital Account of each such Member as of the end
of such fiscal period (as increased by such Member’s share of “partnership minimum gain” and
“partnership nonrecourse debt minimum gain,” as such terms are defined in Treasury Regulations
Section 1.704-2) is equal to the excess of (which may be negative): (i) the aggregate
Distributions that such Member would be entitled to receive if all of the assets of such Series
were sold for their Asset Values, all Series liabilities were satisfied in cash according to their
terms (limited, with respect to each nonrecourse liability, to the Asset Value of the assets
securing such liability), and the net proceeds were distributed as of the end of such fiscal period
in accordance with Section 7.2 to all Units of such Series other than nonvested Company Match Class
A Units, over (ii) the amount, if any, such Member is obligated to contribute to the capital of
such Series. In particular, with respect to any relevant fiscal period, each Class C Preferred
Holder and Class D Preferred Holder shall be allocated an amount of Net Profit equal to the amount
of the Series 1 Class C Preferred Yield or Series 1 Class D Preferred Yield, as applicable,
distributable to such Class C Preferred Holder or Class D Preferred Holder, as applicable, during
such fiscal period (such amount of Net Profit with respect to such Class C Preferred Holder or
Class D Preferred Holder, the “Preferred Yield Net Profit,” and such allocation, the “Preferred
Yield Net Profit Allocation”), and, with respect to any fiscal period in which the aggregate amount
of Net Profits of Series 1 is less than the aggregate amount of Series 1 Class C Preferred Yield or
Series 1 Class D Preferred Yield distributable to such

24

 

Class C Preferred Holder or Class D
Preferred Holder, as applicable, during such fiscal period, each Class C Preferred Holder and Class
D Preferred Holder shall in addition to the Preferred Yield Net Profit Allocation be allocated an
amount of gross income equal to the excess of (i) the amount of Series 1 Class C Preferred Yield or
Series 1 Class D Preferred Yield, as applicable,
distributable to such Class C Preferred Holder or Class D Preferred Holder, as applicable, during
such fiscal period over (ii) the amount of Preferred Yield Net Profit allocable to such Class C
Preferred Holder or Class D Preferred Holder, as applicable, during such fiscal period.
Accordingly, distributions of Series 1 Class C Preferred Yield and Series 1 Class D Preferred Yield
depend upon the income of Series 1 and are not intended to constitute guaranteed payments within
the meaning of Section 707(c) of the Code. In the event that a Member transfers Series 1 Class C
Preferred Units or Series 1 Class D Preferred Units in satisfaction of the Company’s preferred
restricted stock units without consideration, any Company deduction resulting from such
satisfaction shall be specially allocated to the transferring Member.

     7.9. Regulatory Allocations. Although it is not anticipated that events will arise that will
require application of the provisions of this Section 7.9, there are hereby included in this
Agreement such provisions governing the allocation of income, gain, loss, deduction and credit (and
items thereof) as may be necessary to provide that a Series’ allocation provisions contain a
so-called “Qualified Income Offset” and comply with all provisions relating to the allocation of
so-called “Nonrecourse Deductions” and “Member Nonrecourse Deductions” and the chargeback thereof
as set forth in the Treasury Regulations under Section 704(b) of the Code (“Regulatory
Allocations”); provided, however, it is the intent of the Members that, to the extent possible, all
Regulatory Allocations that may be required shall be offset by other Regulatory Allocations or
special allocations of items such that each Member’s share of the Net Profit, Net Loss and Capital
of a Series will be the same as it would have been had the events requiring the Regulatory
Allocations not occurred. To this end the Series Managers, based on the advice of the Company’s
auditors or tax counsel, are hereby authorized to make such special curative allocations of items
as may be necessary to minimize or eliminate any economic distortions that may result from any
required Regulatory Allocations.

     7.10. Tax Allocations: Code Section 704(c) and Unrealized Appreciation or Depreciation.

     7.10.1. In accordance with Section 704(c) of the Code, income, gain, loss and deduction
with respect to any property contributed to a Series with an adjusted basis for federal
income tax purposes different than the initial Asset Value at which such property was
accepted by such Series shall, solely for tax purposes, be allocated among the Members of
such Series so as to take into account such difference in a manner that complies with
Section 704(c) and the applicable Treasury Regulations.

     7.10.2. If upon the acquisition of additional Units in a Series by a new or existing
Member the Asset Value of any of the assets of such Series are adjusted pursuant to Section
3.6, subsequent allocations of income, gain, loss and deduction with respect to such assets
shall, solely for tax purposes, be allocated among the Members of such Series so as to take
into account such adjustment in a manner that complies with Section 704(c) of the Code and
the applicable Treasury Regulations.

25

 

     7.10.3. The allocations required by this Section 7.10 are solely for purposes of
federal, state and local income taxes and shall not affect the allocation of Net Profits or
Net Losses as between Members of a Series or any Member’s Series Capital Account of
such Series. All tax allocations required by this Section 7.10 shall be made using the
so-called “traditional method” described in the Treasury Regulations 1.704-3(b).

     7.11. Changes in Members’ Series Interest. If during any Fiscal Year of a Series there is a change
in any Member’s Series Interest in such Series, the applicable Series Manager shall confer with the
tax advisors to the Company and, in conformity with such advice allocate the Net Profit or Net Loss
to the Members of such Series so as to take into account the varying Series Interests of the
Members of such Series in a manner that complies with the provisions of Section 706 of the Code and
the Regulations thereunder.

     7.12. Credits. All foreign tax credits of a Series for a fiscal year (or portion thereof, if
appropriate) shall be allocated among the Members of such Series in the same proportion as the net
income and gains of such Series that were subject to the foreign taxes that gave rise to such
credits. All other items of federal income tax credit and items of tax credit recapture shall be
allocated among the Members of such Series in accordance with such Members’ Series Interests in
such Series as of the time the tax credit or credit recapture arises, as provided in Regulation
Section 1.704-1(b)(4)(ii).

     7.13. Tax Treatment of Class B Units. Except to the extent a Member has contributed capital in
respect of Class B Units, the Company, each Series and each Member agree to treat each Class B Unit
issued and reflected on Schedule 3.7 (and, to the extent the Managers so desires, any other
Class B Unit issued) as a separate “profits interest” within the meaning of Rev. Proc. 93-27, and
it is the intention of the Members that distributions pursuant to Article VII hereof to each Member
holding such Class B Units be limited to the extent necessary so that such Class B Units qualify as
a “profits interest” under Rev. Proc. 93-27, and this Agreement shall be interpreted accordingly.
In the event that distributions to a Member holding Class B Units are limited as a result of the
first sentence of this Section 7.13, the respective Series Managers are authorized to adjust future
distributions to the Members in whatever manner they deem appropriate so that, after such
adjustments are made, each Member receives, to the extent possible, an amount of distributions
equal to the amount of distributions such Member would have received if such sentence was not part
of this Agreement. In accordance with Rev. Proc. 2001-43, 2001-34 IRB 1 (August 2, 2001), and so
long as no conversion of the Company has occurred pursuant to Section 16.1 hereof, the Company and
each Series shall treat a Member holding Class B Units as the owner of such Class B Units from the
date it is granted, and shall file its IRS form 1065, and issue appropriate Schedule K-1s to such
Member, allocating to such Member its distributive share of all items of income, gain, loss,
deduction and credit associated with such Class B Units as if it were fully vested. Each Member
agrees to take into account such distributive share in computing its federal income tax liability
for the entire period during which it holds such Class B Units. The Company, each Series and each
Member agree not to claim a deduction (as wages, compensation or otherwise) for the fair market
value of any Class B Units constituting a “profits interest” and issued to a Member, either at the
time of grant of the Class B Units or at the time the Class B Units become substantially vested.
The undertakings contained in this 7.13 shall be construed in accordance with Section 4 of Rev.
Proc. 2001-43. The

26

 

provisions of this Section 7.13 shall apply regardless of whether or not the
Class B Holder files an election pursuant to Section 83(b) of the Code. All references in this
Section 7.13 to a Member, Class B Units and a holder or owner of Class B Units shall include each
member of the Class B Holder, all issued membership interests in the Class B Holder, respectively.

     7.14. Tax Treatment of Company Match Class A Units.

     7.14.1. Each Series and each Management Holder shall for federal income tax purposes
treat all amounts realized upon the vesting of such Management Holder’s Company Match Class
A Units, or if an election is made by such Management Holder under Section 83(b) of the Code
shall treat such amounts immediately, as ordinary income. The amount of capital deemed to
shift to each such Management Holder upon vesting in accordance with Section 9.10 and
Schedule 3.7 shall be the amount so treated, which amount shall also be deductible by the
Company as the party from which such shift in capital was made.

     7.14.2. The Management Holders of Company Match Class A Units shall be entitled to
receive their proportionate share of all Distributions, whether or not their ownership of
the Company Match Class A Units has vested, but shall be allocated Net Profits and Net
Losses solely with respect to their vested Class A Units.

ARTICLE VIII

TAX MATTERS MEMBER; OTHER TAX MATTERS

     8.1. Tax Matters Member. Each Series Manager shall designate one or more Members of such Series to
be the “tax matters partner” of such Series as provided in the Regulations under Code Section 6231
and any analogous provisions of state law (each a “Tax Matters Member”). Unless and until another
Member(s) is designated as the Tax Matters Member by a Series Manager, Fortress Investment Fund III
LP and Fortress Investment Fund IV (Fund A) L.P. shall be the Tax Matters Members of each Series.
The Tax Matters Member, on behalf of the Series and its respective Members, shall be permitted to
make any election under the Code, the Regulations or other legal requirements relating to taxes
that it in good faith believes to be in the best interests of the Series or its respective Members.

     8.2. Certain Authorizations. The Tax Matters Member shall represent its Series, at such Series’
expense, in connection with all examinations of such Series’ affairs by tax authorities including
any resulting administrative or judicial proceedings. Without limiting the generality of the
foregoing, the Tax Matters Member of a Series is hereby authorized, but not required, on behalf of
a Series:

     8.2.1. to enter into any settlement with the Internal Revenue Service or the Secretary
of the Treasury or his delegate (the “Secretary”) with respect to any tax audit or judicial
review, in which agreement the Tax Matters Member may expressly state that such agreement
shall bind the other Members of such Series except that such settlement agreement shall not
bind any Member of such Series that (within the time prescribed pursuant to the Code and
Regulations) files a statement with the Secretary providing that

27

 

the Tax Matters Member
shall not have the authority to enter into a settlement agreement on behalf of such Member;

     8.2.2. if a notice of a final administrative adjustment at the Series level of any item
required to be taken into account by a Member for tax purposes is mailed to the Tax
Matters Member, to seek judicial review of such final adjustment, including the filing
of a petition for readjustment with the Tax Court, the District Court of the United States
for the district in which such Series’ principal place of business is located, or elsewhere
as allowed by law, or the United States Claims Court;

     8.2.3. to intervene in any action brought by any other Member of such Series for
judicial review of a final adjustment;

     8.2.4. to file a request for an administrative adjustment with the Secretary at any
time and, if any part of such request is not allowed by the Secretary, to file a petition
for judicial review with respect to such request;

     8.2.5. to enter into an agreement with the Internal Revenue Service to extend the
period for assessing any tax that is attributable to any item required to be taken into
account by a Member of such Series for tax purposes, or an item affected by such item; and

     8.2.6. to take any other action on behalf of the Members of such Series (with respect
to such Series) or such Series in connection with any administrative or judicial tax
proceeding to the extent permitted by applicable law or the Regulations.

     8.3. Indemnity of Tax Matters Member. Each Series shall, to the fullest extent permitted by law,
indemnify and reimburse its Tax Matters Member for all expenses (including legal and accounting
fees) incurred as Tax Matters Member pursuant to this Article VIII in connection with any
administrative or judicial proceeding with respect to the tax liability of the Members of such
Series as long as the Tax Matters Member has determined in good faith that its course of conduct
was in, or not opposed to, the best interests of the Members of such Series. The payment of all
outstanding expenses shall be made before any subsequent Distributions are made to the Members of
such Series, and shall not be considered a Distribution hereunder. The taking of any action and
the incurring of any expense by the Tax Matters Member in connection with any such proceeding,
except to the extent provided herein or required by law, is a matter in the sole discretion of the
Tax Matters Member and the provisions on limitations of liability of the Tax Matters Member and
indemnification set forth in Article XIII shall be fully applicable to the Tax Matters Member in
its capacity as such; provided, however, that the foregoing shall not apply to any action or
failure to act by the Tax Matters Member which constitutes gross negligence or willful misconduct
of the Tax Matters Member.

     8.4. Information Furnished. To the extent and in the manner provided by applicable law and
Regulations, the Tax Matters Member shall furnish the name, address, profits interest, and taxpayer
identification number of each Member of the Series it serves as Tax Matters Member for or any
Assignee to the Secretary.

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     8.5. Notice of Proceedings, etc. Each Tax Matters Member shall use its reasonable efforts to keep
each Member of its Series informed of any administrative and judicial proceedings for the
adjustment at the Series level of any item required to be taken into account by a Member of such
Series for income tax purposes or any extension of the period of limitations for making assessments
of any tax against a Member of such Series with respect to any Series
item, or of any agreement with the Internal Revenue Service that would result in any material
change either in income or loss as previously reported.

     8.6. Notices to Tax Matters Member. Any Member that receives a notice of an administrative
proceeding under Code Section 6233 relating to a Series shall promptly notify the Tax Matters
Member of the treatment of such Series item on such Member’s federal income tax return that is or
may be inconsistent with the treatment of that item on such Series’ return. Any Member that enters
into a settlement agreement with the Secretary with respect to any Series item shall notify the Tax
Matters Member of such agreement and its terms within sixty days after its date.

     8.7. Elections with Respect to Issuance of Class B Units.

	 	(a)	 	Management LLC (the “Election Member”) is hereby authorized and
directed to cause Series 1 and Series 2 to make an election to value any Class
B Units of such Series at liquidation value (the “Safe Harbor Election”), as
the same may be permitted pursuant to or in accordance with the finally
promulgated successor rules to Proposed Regulations Section 1.83-3(l) and IRS
Notice 2005-43 (collectively, the “Proposed Rules”). The Election Member shall
cause Series 1 and Series 2 to make any allocations of items of income, gain,
deduction, loss or credit (including forfeiture allocations and elections as to
allocation periods) necessary or appropriate to effectuate and maintain the
Safe Harbor Election.

	 	(b)	 	Any such Safe Harbor Election shall be binding on Series 1 and
Series 2 and on all of their respective Members with respect to all Transfers
of Class B Units thereafter made, except for any such Transfers made after
revocation of such Safe Harbor Election. A Safe Harbor Election once made may
be revoked by the Election Member as permitted by the Proposed Rules or any
applicable rule.

	 	(c)	 	Each Member (including any person to whom a Class B Unit is
Transferred in connection with the performance of services), by signing this
Agreement or by accepting such Transfer, hereby agrees to comply with all
requirements of the Safe Harbor Election with respect to all Class B Units
Transferred while the Safe Harbor Election remains effective.

	 	(d)	 	The Election Member shall file or cause each Series to file all
returns, reports and other documentation as may be required to perfect and

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	 	 	 	maintain the Safe Harbor Election with respect to Transfers of Class B Units
covered by such Safe Harbor Election.

	 	(e)	 	Notwithstanding anything to the contrary contained herein, the
Company Manager is hereby authorized and empowered, without further vote or
action of the Members, to amend this Agreement as necessary to comply with the
Proposed Rules or any rule, in order to provide for a Safe Harbor
Election and the ability to maintain or revoke the same, and shall have the
authority to execute any such amendment by and on behalf of each Member.
Any undertakings by the Members necessary to enable or preserve a Safe
Harbor Election may be reflected in such amendments and to the extent so
reflected shall be binding on each Member, respectively.

	 	(f)	 	Each Member agrees to cooperate with the Election Member to
perfect and maintain any Safe Harbor Election, and to timely execute and
deliver any documentation with respect thereto reasonably requested by the
Election Member.

	 	(g)	 	No Transfer of any Series Interest by a Member shall be
effective unless prior to such Transfer the transferee of such Series Interest
shall have agreed in writing to be bound by the provisions of this Section 8.7,
in form satisfactory to the applicable Series Manager.

	 	(h)	 	Costs and expenses incurred by the Election Member in making
and preserving (or if revoked, revoking) the Safe Harbor Election shall be paid
by the Series on whose behalf the Election Member is acting.

ARTICLE IX

TRANSFERS OF SERIES INTERESTS; CALL RIGHTS,

TAG ALONG RIGHTS, DRAG ALONG OBLIGATIONS

AND OTHER RIGHTS AND OBLIGATIONS

     9.1. Transfer by Members. Prior to a Qualified Public Offering, no Management Holder shall
Transfer all or any part of the economic or other rights that comprise any Class A Units, Class C
Preferred Units or Class D Preferred Units unless either (i) such holder has received prior written
consent of the Company Manager and applicable Series Manager with respect to any such Transfer and
has complied with the provisions of Sections 9.2 and 9.3 or (ii) such Transfer is conducted
pursuant to Section 9.6, 9.7 or 9.11 and in accordance with the provisions of Sections 9.2 and 9.3;
provided that the foregoing restrictions shall not apply with respect to a Transfer by any
Management Holder (who is a natural person) (x) to a Member of the Immediate Family of such
Management Holder for estate planning purposes or (y) by testamentary or intestate disposition.

     9.2. Conditions to Transfer. No Transfer (other than pursuant to Sections 9.6, 9.7 or 9.11 or
pursuant to the conversion of the Company to a corporation as contemplated in Article XVI)
permitted under Section 9.1 of all or any part of a Member’s Series Interest may be

30

 

made unless and
until the Company Manager and applicable Series Manager shall have received all of the following
(to the extent applicable to the proposed Transfer):

	 	(a)	 	if requested by the Company Manager or applicable Series
Manager, an opinion of responsible counsel (who may be counsel for the
Company), reasonably satisfactory in form and substance to such Manager, to the
effect that:

	 	(i)	 	such Transfer would not violate the Securities
Act or any state securities or blue sky laws applicable to the Company
or the Series Interest to be transferred;

	 	(ii)	 	such Transfer would not cause the Company or
Series to be considered a publicly traded partnership under Section
7704(b) of the Code;

	 	(iii)	 	such Transfer would not cause the Company or
Series to lose its status as a partnership for federal income tax
purposes; and

	 	(iv)	 	such Transfer would not require the Company,
Series, Company Manager or Series Manager to register as an investment
adviser under the Investment Advisers Act of 1940, as amended, or to
register as an investment company under the Investment Company Act of
1940, as amended;

	 	 	 	provided that such opinion shall not be required if such Transfer is
being made to (i) Members of the Immediate Family of the transferor
for estate planning purposes or (ii) by testamentary or intestate
disposition, in each of which events the transferor or his or her
representative shall certify as to the matters specified in this
clause (a);

	 	(b)	 	the agreement in writing of such Assignee to comply with all of
the terms and provisions of this Agreement and the grant of the power of
attorney set forth in Section 18.4, and the acknowledgment in writing of such
Assignee of each of the representations, warranties and covenants set forth in
Article XIV; and

	 	(c)	 	if the Member’s Series Interest is represented by one or more
Unit Certificates, the applicable Unit Certificates for cancellation
accompanied by a transfer power duly executed in blank.

     9.3. Member’s Agreement. Each Member hereby severally agrees that:

	 	(a)	 	it will not transfer all or any part of its Series Interest in
the Company except as permitted by this Agreement; and

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	 	(b)	 	in no event shall all or any part of a Series Interest be
transferred to a minor or an incompetent except in trust or pursuant to the
Uniform Gifts to Minors Act or similar applicable state statute.

     9.4. Records. In the event of a Transfer and the admission of any Assignee as a Member of a
Series, (a) the Series Manager shall cause the books and records of such Series to be amended
promptly to reflect such Transfer and admission and (b), in the event that the Transferred Series
Interest is represented by a Unit Certificate, the Series Manager shall cause such Series to issue
a new Unit Certificate to the Assignee for the number and Class of Units
being Transferred and, if applicable, a new Unit Certificate to the assigning Member for that
number and Class of Units represented by the canceled Unit Certificate that are not being
Transferred.

     9.5. Additional Transfer Restrictions.

     9.5.1. Any attempted Transfer of Units by a Management Holder not permitted by this
Article IX shall be null and void, and the Company and such Series shall not in any way give
effect to any such impermissible Transfer.

     9.5.2. The Class B Holder shall not Transfer any part of the economic or other rights
that comprise its Series Interest to any other Person.

     9.5.3. The foregoing provisions of this Section 9.5 shall expire upon the closing of a
Qualified Public Offering and shall not apply to any Units which have been Sold in a Public
Sale.

     9.6. Tag Along.

     9.6.1. If the Fortress Holders desire to Transfer 25% or more of their collective Class
A Units in a Series (a “Class A Transfer”), or more than 50% of their collective Class C
Preferred Units or Class D Preferred Units (a “Preferred Transfer”), for value to any
Prospective Buyer, whether in one bona fide, arm’s length transaction or a series of related
contemporaneous or contemporaneously agreed upon transactions and whether to one Prospective
Buyer or more than one Prospective Buyer (a “Sale”) such Fortress Holders may only do so in
the manner and on the terms set forth in this Section 9.6. Any attempted Transfer of Units
subject to this Section 9.6 and not permitted by this Section 9.6 shall be null and void,
and the Company and such Series shall not in any way give effect to any such impermissible
Transfer.

     9.6.2. A written notice (the “Tag Along Notice”) shall be furnished by the Fortress
Holders to (i) in the case of a Class A Transfer, each other holder of a Class A Unit of the
Series proposed to be sold, and (ii) in the case of a Preferred Transfer, each other holder
of a Class C Preferred Unit or Class D Preferred Unit, as the case may be (collectively, the
“Tag Along Offerors”), at least 20 business days prior to such Transfer. The Tag Along
Notice shall include:

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	 	(a)	 	The principal terms of the proposed Sale insofar it relates to
the Units proposed to be so sold (the “Affected Units”) including the number of
Units to be purchased from the Fortress Holders, the percentage of all Affected
Units held by the Fortress Holders which such number of Units proposed to be so
purchased constitutes the “Tag Along Sale Percentage,” the expected per Unit
purchase price (which, in the case of Class C Preferred Units or Class D
Preferred Units, shall be expressed as a specified percentage of the Series 1
Class C Preferred Priority Return (in the case of Class C Preferred Units) or
Series 1 Class D Preferred Priority Return (in the case of Class D Preferred
Units) of the Units to be sold), the
name and address of the Prospective Buyer, a good-faith estimate of the
amounts described in Section 9.8.4; and

	 	(b)	 	An invitation to each Tag Along Offeror to make an offer to
include in the proposed Sale to the Prospective Buyer an additional number of
Affected Units, but only including the vested portion of any Company Match
Class A Units of such Series (not in any event to exceed the Tag Along Sale
Percentage of the Affected Units owned by such Tag Along Offeror) owned by such
Tag Along Offeror, on the same terms and conditions with respect to each Unit
sold (subject to Section 9.8), as the Fortress Holders shall Sell each of their
Units. Notwithstanding the foregoing, in the event Fortress Holders are
Transferring 100% of their collective economic or other rights that comprise
their Series Interest in a Series in a Sale, the unvested portion of the
Affected Units may be included in such proposed Sale pursuant to the terms of
this Section 9.6.

     9.6.3. Within 15 business days after the receipt (in accordance with Section 18.3) of
the Tag Along Notice, each Tag Along Offeror desiring to make an offer to include Affected
Units in the proposed Sale (each a “Participating Seller” and, together with the Fortress
Holders, collectively, the “Tag Along Sellers”), shall send a written offer (the “Tag Along
Offer”) to the Fortress Holders specifying the number of Units (not in any event to exceed
the Tag Along Sale Percentage of the Affected Units owned by such Participating Seller)
which such Participating Seller desires to have included in the proposed Sale. Each Tag
Along Offeror who does not return the Tag Along Offer within such 15 business day period
shall be deemed to have waived all of such Tag Along Offeror’s rights with respect to such
Sale, and the Tag Along Sellers shall thereafter be free to Sell to the Prospective Buyer,
at a per Unit price no greater than 105% of the per Unit price set forth in the Tag Along
Notice and on other terms which are not materially more favorable to the Tag Along Sellers
than those set forth in the Tag Along Notice, without any further obligation to such
non-accepting Tag Along Offerors.

     9.6.4. The Fortress Holders shall attempt to obtain the inclusion in the proposed Sale
of the entire number of Affected Units which the Tag Along Sellers desire to have included
in the Sale (as evidenced in the case of the Fortress Holders by the Tag Along Notice and in
the case of each Participating Seller by such Participating Seller’s Tag Along Offer). In
the event the Fortress Holders shall be unable to obtain the inclusion of

33

 

such entire number
of Affected Units in the proposed Sale, the number of Affected Units to be sold in the
proposed Sale by each Tag Along Seller shall be reduced on a pro rata basis according to the
proportion which the number of all Affected Units which each such Tag Along Seller desires
to have included in the Sale bears to the aggregate number of all Affected Units which all
of the Tag Along Sellers desire to have included in the Sale.

     
9.6.5. The offer of each Participating Seller contained in such Participating Seller’s
Tag Along Offer shall be irrevocable, and, to the extent such offer is accepted, such
Participating Seller shall be bound and obligated to Sell in the proposed Sale on the same
terms and conditions, with respect to each Affected Unit sold (subject to Section 9.8), as
the Prospective Selling Holders, up to such number of Affected Units as such
Participating Seller shall have specified in such Participating Seller’s Tag Along
Offer; provided, however, that (a) if the principal terms of the proposed Sale change with
the result that the price per Affected Unit shall be less than 95% of the price per Affected
Unit set forth in the Tag Along Notice or the other terms shall be materially less favorable
to the Tag Along Sellers than those set forth in the Tag Along Notice, each Participating
Seller shall be permitted to withdraw the offer contained in his Tag Along Offer and shall
be released from such Participating Seller’s obligations thereunder and (b) if, at the end
of the 120th day following the date of the effectiveness of the Tag Along Notice (provided,
that if the only condition, other than the making of payments or delivery of documents at
such closing, to the completion of the proposed Sale is one or more regulatory or
governmental approvals or consents, such 120 day period shall automatically be extended for
an additional 45 days), the Fortress Holders have not completed the proposed Sale, each
Participating Seller shall be permitted to withdraw the offer contained in his Tag Along
Offer and shall be released from such Participating Seller’s obligations thereunder, unless
the failure to complete such Sale resulted from any failure by such Participating Seller to
comply with the terms of this Section 9.6.

     9.6.6. If, prior to consummation, the terms of the proposed Sale shall change with the
result that the price per Affected Unit to be paid in such proposed Sale shall be greater
than 105% of the price per Affected Unit set forth in the Tag Along Notice or the other
terms of such proposed Sale shall be materially more favorable to the Tag Along Sellers than
those set forth in the Tag Along Notice, the Tag Along Notice shall be null and void, and it
shall be necessary for a separate Tag Along Notice to be furnished, and the terms and
provisions of this Section 9.6 separately complied with, in order to consummate such
proposed Sale pursuant to this Section 9.6.

     9.6.7. Notwithstanding the foregoing provisions of this Section 9.6, no other holder of
Units shall have any tag along right pursuant to the provisions of this Section 9.6 with
respect to any Transfer of Units by the Fortress Holders:

	 	(a)	 	pursuant to the exercise of their “drag along” rights contained
in Section 9.7;

	 	(b)	 	to an Affiliate of any of the Fortress Holders or to partners,
members, managing directors and principals of any of the Fortress Holders that
is a partnership or limited liability company; provided that such transferee

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	 	 	 	shall agree to be bound by the provisions of this Section 9.6 to the same
extent as if such transferee were a Fortress Holder; or

	 	(c)	 	in a Public Sale.

     9.6.8. The foregoing provisions of this Section 9.6 shall expire upon the closing of a
Qualified Public Offering and shall not apply to any Units which have been Sold in a Public
Sale.

     9.7. Drag Along.

     9.7.1. In connection with a Sale of a Series by the Series Majority Class A Holders
(each such holder, a “Prospective Selling Holder”) to one or more Persons that are not
Affiliates of such Series Majority Class A Holders (collectively, the “Prospective Buyer”)
(the percentage of the Affected Units held by the Prospective Selling Holders which such
number of units to be so sold by the Prospective Selling Holders represents is referred to
herein as the “Drag Along Sale Percentage”), each holder of an Affected Unit hereby agrees,
if the Prospective Selling Holders give the Drag Along Notice referred to in Section 9.7.2,
to Sell or otherwise dispose of or exchange Units representing, with respect to such
Affected Units held by such holder, the Drag Along Sale Percentage of such Affected Units,
which will first include vested Units and then, after all vested Units have been included,
unvested Units, in the manner and on the terms set forth in this Section 9.7.

     9.7.2. If the Prospective Selling Holders elect to exercise their rights under this
Section 9.7, a written notice (the “Drag Along Notice”) shall be furnished by the
Prospective Selling Holders to each other holder of Affected Units. The Drag Along Notice
shall set forth the principal terms of the proposed Sale of a Series including the number,
Series and Classes of Units to be acquired or exchanged by the Prospective Buyer in the Sale
of a Series, the number of Units to be acquired or exchanged from the Prospective Selling
Holders, the manner in which such Units are to be sold or exchanged, the Drag Along Sale
Percentage, the per Unit consideration to be received in the proposed Sale of a Series
(which may be estimated if the price is determined by a formula including variables which
cannot be precisely determined until closing) and the name of the Prospective Buyer. The
Prospective Selling Holders shall not be entitled to exercise any rights under this Section
9.7 in connection with a Sale of Class C Preferred Units or Class D Preferred Units unless
the Fortress Holders propose to sell at least 50% of their aggregate holdings of Class C
Preferred Units or Class D Preferred Units.

     9.7.3. If the Prospective Selling Holders consummate the proposed Sale of a Series to
which reference is made in the Drag Along Notice, each other holder of Affected Units (each
a “Participating Seller,” and, together with the Prospective Selling Holders, collectively,
the “Drag Along Sellers”) shall be bound and obligated to Sell, exchange or otherwise
dispose of Units representing, with respect to such Affected Units held by such holder, the
Drag Along Sale Percentage of such Affected Units in the proposed Sale of a Series on the
same terms and conditions with respect to each Unit sold, exchanged or otherwise disposed of
(subject to Section 9.8), as the Prospective

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Selling Holders shall Sell, exchange or
otherwise dispose of each Unit in the Sale of a Series; provided, however, that, in the case
of a sale, exchange or disposition of Class C Preferred Units or Class D Preferred Units,
the price or value assigned to such Units shall be expressed as a specified percentage of
the Series 1 Class C Preferred Priority Return (in the case of Class C Preferred Units) or
Series 1 Class D Preferred Priority Return (in the case of Class D Preferred Units) of the
Units to be sold, exchanged or disposed of. Notwithstanding any provision contained herein
to the contrary, except as provided in Section 9.7.1, no holder of Units shall have the
right to exercise any tag along rights contained in Section 9.6 in connection with the
proposed Sale of a Series to which
reference is made in the Drag Along Notice. If at the end of the 120th day following
the date of the effectiveness of the Drag Along Notice (provided, that if the only
condition, other than the making of payments or delivery of documents at such closing, to
the completion of the proposed sale is one or more regulatory or governmental approvals or
consents, such 120 day period shall automatically be extended for an additional 45 days),
the Prospective Selling Holders have not completed the proposed Sale of a Series, each
Participating Seller shall be released from his obligation under the Drag Along Notice, the
Drag Along Notice shall be null and void, and it shall be necessary for a separate Drag
Along Notice to be furnished and the terms and provisions of this Section 9.7 separately
complied with, in order to consummate such proposed Sale of a Series pursuant to this
Section 9.7.

     9.7.4. The foregoing provisions of this Section 9.7 shall expire upon the closing of a
Qualified Public Offering and shall not apply to any Units which have been Sold in a Public
Sale.

     9.8. Miscellaneous Provisions Relating to Sales or Sale of Series Interests under Section 9.6 and
9.7. The following provisions shall be applied to any Sale or Sale of Series Interests to which
Section 9.6 or 9.7 applies:

     9.8.1. Each Participating Seller, whether in his capacity as a Participating Seller,
holder of Units, officer or Manager of such Series, or otherwise, shall take or cause to be
taken all such actions as may be reasonably necessary or desirable in order expeditiously to
consummate each Sale or Sale of a Series pursuant to Section 9.6 or 9.7 and any related
transactions, including executing, acknowledging and delivering consents, assignments,
waivers and other documents or instruments; furnishing information and copies of documents;
filing applications, reports, returns, filings and other documents or instruments with
governmental authorities; and otherwise cooperating with the Prospective Selling Holders and
the Prospective Buyer; provided, however, that Participating Sellers shall be obligated to
become liable in respect of any representations, warranties, covenants, indemnities or
otherwise to the Prospective Buyer solely to the extent provided in the immediately
following sentence. Without limiting the generality of the foregoing, each Participating
Seller agrees to execute and deliver such agreements as may be reasonably specified by the
Prospective Selling Holders to which such Prospective Selling Holders will also be party,
including agreements to (a) make individual representations, warranties, covenants and other
agreements as to the unencumbered title to its Units and the power, authority and legal
right to Transfer such

36

 

Units and (b) be severally (with all other sellers) liable (whether
by purchase price adjustment, indemnity payments or otherwise) in respect of
representations, warranties, covenants and agreements in respect of the Series or the
Company and its Subsidiaries; provided, however, that, except with respect to individual
representations, warranties, covenants, indemnities and other agreements of Participating
Sellers of the type described in clause (a) above, the aggregate amount of such liability
shall not exceed the lesser of (i) such Participating Seller’s pro rata portion of any such
liability, to be determined in accordance with such Participating Seller’s portion of the
aggregate proceeds to all holders of Units in connection with such Sale or Sale of a Series,
or (ii) the proceeds received by such Participating Seller in connection with such Sale or
Sale of a Series; and
provided, further, that the nature and extent of such representations, warranties,
covenants and indemnities shall be the same with respect to each Class of Units being sold
in such Sale.

     9.8.2. All reasonable costs and expenses incurred by any Prospective Selling Holder or
Series in connection with any proposed Sale or Sale of a Series pursuant to Section 9.6 or
9.7 (whether or not consummated), including all attorneys fees and charges, all accounting
fees and charges and all finders, brokerage or investment banking fees, charges or
commissions, shall be paid from the sales proceeds prior to distribution and shall be borne
by the Prospective Selling Holders and the Participating Sellers pro rata based on the
proceeds which would otherwise be received by them. The Series may retain legal counsel and
other advisors, if necessary, to assist with the Sale or Sale of a Series.

     9.8.3. The closing of a Sale or Sale of a Series pursuant to Section 9.6 or 9.7 shall
take place at such time and place as the Prospective Selling Holders shall specify by
reasonable notice to each Participating Seller. At the closing of any Sale or Sale of a
Series under Section 9.6 or 9.7, each Participating Seller shall deliver any certificates
evidencing the Units to be Sold by such Participating Seller, duly endorsed, or with
transfer powers duly endorsed, for transfer with signature guaranteed, free and clear of any
liens or encumbrances, with any stock (or equivalent) transfer tax stamps affixed, against
delivery of the applicable consideration. It is understood and agreed that no holder of
Units shall have any liability to any other holder of Units arising from, relating to or in
connection with any proposed Sale or Sale of a Series which has been the subject of a Tag
Along Notice or a Drag Along Notice whether or not such proposed Sale or Sale of a Series is
consummated (except solely to the extent, if any, as such holder may agree in the
documentation specifically relating to such Sale or Sale of a Series).

     9.8.4. Subject to Section 9.8.2, the Participating Sellers shall receive their pro rata
portion of the consideration for the Units sold or otherwise disposed of pursuant to the
Sale or Sale of a Series (after deduction of the proportionate share of (i) amounts paid
into escrow or held back, in the reasonable determination of the Prospective Selling
Holders, for indemnification or post-closing expenses and (ii) amounts subject to
post-closing purchase price adjustments, provided that upon determination of such purchase
price adjustment or indemnification or post-closing expenses and upon release of any such
escrow or hold-back, as applicable, such amounts will be distributed to the

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Participating
Sellers so that the total amount distributed is in accordance with the provisions of Section
9.8.5) from the Prospective Buyer concurrently with the receipt of consideration by the
Prospective Selling Holders.

     9.8.5. The relative amounts of consideration to be received in respect of each Unit in
a Sale or Sale of a Series pursuant to Section 9.6 or 9.7 shall be based upon the
Pre-Transaction Value of such Unit. Notwithstanding the fact that the Units to be sold by
Prospective Selling Holders may be of one or more Classes of Units, each holder of each such
Class of Units shall be entitled to the benefits, and subject to the obligations, of
Sections 9.6 and 9.7 and this Section 9.8 with respect to all Units of the Series to be sold
in a Sale or Sale of a Series held by such holder as if such Units were of the same Class,
subject only to possible differences in the per-Unit consideration to be paid in
accordance with the immediately preceding sentence.

     9.9. Pre-Emptive Rights. Except for (a) any Units issued to a Fortress Holder or any Affiliate of
a Fortress Holder in exchange for Transaction Related Invested Capital or (b) any issuance of Class
D Preferred Units, neither the Company nor a Series shall Issue or sell any Units to a Fortress
Holder or any Affiliate of a Fortress Holder, or any options, warrants or other rights to acquire
any Units, or any securities convertible into or exchangeable for, directly or indirectly, any
Units to a Fortress Holder or any Affiliate of a Fortress Holder or take any loan pursuant to
Section 3.15 (except 3.15.2) from a Fortress Holder or any Affiliate of a Fortress Holder (each
such Issuance or receipt of a loan, an Issuance of “Subject Securities”), except in compliance with
the provisions of this Section 9.9; provided, however, that, if in the reasonable judgment of the
Company Manager or Applicable Series Manager, the Issuance of such Subject Securities is necessary
or other exigent circumstances making such Issuance desirable exist, then the Company or applicable
Series may Issue such Subject Securities without first complying with the provisions of this
Section 9.9; provided, further that the provisions of this Section 9.9 are complied with as
reasonably promptly as possible following such Issuance of Subject Securities.

     9.9.1. Not fewer than 20 business days prior to the consummation of the Issuance of
Subject Securities, a written notice (the “Participation Notice”) shall be given by the
applicable Series to each Management Holder. The Participation Notice shall include:

	 	(a)	 	The principal terms of the proposed Issuance, including (i) the
number and kind of Subject Securities to be included in the Issuance, (ii) the
price per unit of the Subject Securities and (iii) (x) in the case of the
Issuance of Units of an existing Series, the percentage represented by the
number of Class A Units of the Series of which the Subject Securities will be
designated owned, beneficially and of record, by such Management Holder
immediately prior to the Issuance divided by the aggregate number of Class A
Units of the Series of which the Subject Securities will be designated then
outstanding owned by all Members of such Series immediately prior to such
Issuance or (y) in the case of the Issuance of Units of an Additional Series,
the percentage represented by the number of Series 1 Class A Units designated
owned, beneficially and of record, by 

38

 

	 	 	 	such Management Holder immediately prior
to the Issuance divided by the aggregate number of Series 1 Class A Units owned
by all Members immediately prior to such Issuance (the percentage resulting
from clause (x) and (y), as the case may be, the “Participation Portion”);
provided that if the consideration to be paid by the Fortress Holders for the
Subject Securities contains non-cash consideration, then the Participation
Notice shall also specify the Fair Market Value of such non-cash consideration;
and

	 	(b)	 	An offer by such Series to Issue to such Management Holder such
portion (not in any event to exceed such Management Holder’s Participation
Portion of the total amount of Subject Securities to be included in the
Issuance) of the Subject Securities to be included in the Issuance as may be
requested by such Management Holder, at the same price and otherwise on the
same terms and conditions, with respect to each unit of Subject Securities
issued to such Management Holder, as the Issuance to the Fortress Holders,
provided, that if the consideration to be paid by the Fortress Holders for
the Subject Securities contains non-cash consideration, then such offer
shall give each such Management Holder the option to pay, in lieu of
delivery of such non-cash consideration, cash in the amount of the Fair
Market Value of such non-cash consideration.

     9.9.2. Each Management Holder desiring to accept the offer contained in the
Participation Notice shall send an irrevocable commitment (each a “Participation
Commitment”) to the applicable Series within ten business days after the receipt of the
Participation Notice specifying the amount or proportion (not in any event to exceed such
Management Holder’s Participation Portion of the total amount of Subject Securities to be
included in the Issuance) of Subject Securities which such Management Holder desires to be
issued (each a “Participating Buyer”). Subject to Section 9.9.8, each Management Holder
that has not so accepted such offer shall be deemed to have waived all of such Management
Holder’s rights with respect to the Issuance under this Section 9.9, and the Series shall
thereafter be free to Issue Subject Securities to the Fortress Holders and any Participating
Buyers, at a price no less than 95% of the price set forth in the Participation Notice and
on other terms not materially more favorable to the Fortress Holders and Participating
Buyers than those set forth in the Participation Notice, without any further obligation to
such non-accepting Management Holder under this Section 9.9.

     9.9.3. The acceptance of each Participating Buyer shall be irrevocable and each such
Participating Buyer shall be bound and obligated to acquire in the Issuance such amount or
proportion of Subject Securities as such Participating Buyer shall have specified in such
Participating Buyer’s Participation Commitment.

     9.9.4. Each holder of Series Interests of the same Series as the Subject Securities,
whether in his capacity as a Participating Buyer, holder of such Series Interests, officer
or Manager of the Series, or otherwise, shall take or cause to be taken all such reasonable
actions as may be reasonably necessary or desirable in order to consummate expeditiously
each Issuance pursuant to this Section 9.9 and any related

39

 

transactions, including
executing, acknowledging and delivering consents, assignments, waivers and other documents
or instruments, filing applications, reports, returns, filings and other documents or
instruments with governmental authorities, and otherwise cooperating with the Series, the
Fortress Holders and the Participating Buyers (if any).

     9.9.5. All costs and expenses incurred by any holder of Series Interests of the same
Series as the Subject Securities or the Series in connection with any proposed Issuance of
Subject Securities (whether or not consummated), including all attorney’s fees and charges,
all accounting fees and charges and all finders, brokerage or investment banking fees,
charges or commissions, shall be borne by such holder.

     9.9.6. The closing of an Issuance pursuant to this Section 9.9 shall take place at such
time and place as the Series shall specify by notice to each Participating Buyer given not
less than three business days prior to the closing of the Issuance.

     9.9.7. The terms and conditions of this Section 9.9 may be waived on behalf of all
Management Holders by the written consent of the Majority Management Holders, in which case,
no Management Holder shall have a pre-emptive right to the Issuance of such Subject
Securities.

     9.9.8. If any Management Holder shall not elect to be issued such Management Holder’s
Participation Portion of the total amount of Subject Securities to be included in any
Issuance (the “Unaccepted Participation Portion”), the Participating Buyers may elect to be
issued all or any portion of such Unaccepted Participation Portion in accordance with the
terms and conditions of this Section 9.9, on a pro rata basis in accordance with the amounts
of their respective Participation Commitments, or on such other basis as such Participating
Buyers shall agree.

     9.9.9. By their execution of this Fourth Amended and Restated Limited Liability Company
Agreement, each of the Management Holders hereby irrevocably waives its right to preemptive
rights pursuant to this Section 9.9 with respect to any Set Aside Capital.

     9.10. Forfeiture of Class A Units.

     9.10.1. Notwithstanding anything herein to the contrary, any Management Holder whose
Employment is terminated by the Company or any of its Subsidiaries for any reason shall
vest, if at all, in the Company Match Class A Units according to the Vesting Schedule set
forth on Schedule 3.7 and shall automatically forfeit to the applicable Series
without consideration therefor (and each Series shall promptly thereafter cancel and retire)
any unvested Company Match Class A Units as of the date of such termination; provided,
however, that if the Company or any of its Subsidiaries terminates such Management Holder’s
Employment without Cause, such Management Holder resigns for Good Reason or such Management
Holder’s Employment terminates due to death or Disability, such Management Holder shall be
vested in the next higher level of vesting pursuant to the Vesting Schedule as of the date
of such termination. Failure to renew a Management Holder’s Employment agreement (which
failure is not otherwise related to

40

 

the termination of such Member’s Employment) shall have
no effect on the vesting of Company Match Class A Units. In the case of any such
forfeiture, such Management Holder shall tender any and all certificates representing its
Class A Units of such Series to the applicable Series (along with such other documentation
as the applicable Manager may reasonably request) and each such Series shall issue a
replacement certificate to such Management Holder representing the number of vested Class A
Units of such Series held by such Management Holder.

     9.10.2. Distributions made with respect to the Company Match Class A Units shall
constitute an immediate vesting event as to the amount so distributed, which shall first be
deemed to constitute a distribution of aggregate Net Profits previously or
concurrently allocated to such Company Match Class A Units and then as a Distribution
of capital that, by virtue of such Distribution, shall vest and is therefore includible in
income by the holder of such Class A Unit and deductible by the Company.

     9.10.3. Upon a forfeiture of an individual’s Class A Units pursuant to this Section
9.10, if the individual fails or refuses to execute such documents or instruments of
transfer as requested by the applicable Series Manager, the applicable Series Manager may
appoint any Person to act as attorney-in-fact for such Person in order to execute such
documents or instruments of transfer.

     9.11. Repurchase Rights.

     9.11.1. Each Series shall have the right (but not the obligation, except as provided in
Section 9.11.5) to exercise its right to purchase all or a portion of the Class A Units of
such Series (but in the case of the Company Match Class A Units, only the vested portion as
the unvested portion shall be automatically forfeited in accordance with Section 9.10) held
by a Management Holder within thirty (30) days after such Management Holder’s termination of
Employment (for any reason) with the Company or its Subsidiaries (the “Repurchase Rights”).

     9.11.2. If such Series does not exercise its Repurchase Rights, the Fortress Holders
shall have the right (but not the obligation) to exercise the Repurchase Rights on the same
terms and conditions as applicable to such Series in this Section 9.11 and all references to
such Series in this Section 9.11 shall be read to include the Fortress Holders to the extent
the Fortress Holders exercise Repurchase Rights.

     9.11.3. If such Series exercises its Repurchase Rights in respect of a Management
Holder whose Employment with the Company or its Subsidiaries is involuntarily terminated by
the Company or its Subsidiary without Cause, who terminates his or her Employment for Good
Reason, or whose Employment terminates due to death or Disability, such Management Holder
shall receive an amount equal to the greater of (i) the sum of (a) the amount paid by the
Management Holder for the Class A Units purchased by such Management Holder (the “Purchased
Units”) and (b) in respect of the vested portion of the Company Match Class A Units, an
amount equal to the number of such vested Company Match Class A Units multiplied by the per
Unit dollar amount paid by such Management Holder for the Purchased Units and
(ii) the current Fair Market

41

 

Value of the Class A Units purchased and the vested portion of
the Company Match Class A Units.

     9.11.4. If such Series exercises its Repurchase Rights in respect of a Management
Holder whose Employment with the Company or its Subsidiaries is terminated for any reason
other than by the Company or its Subsidiaries without Cause, by the Management Holder for
Good Reason or due to death or Disability, such Management Holder will receive an amount
equal to the lesser of (i) the sum of (a) the amount paid by the Management Holder for the
Class A Units purchased and (b) in respect of the vested portion of the Company Match Class
A Units, an amount equal to the number of such vested Company Match Class A Units multiplied
by the per Unit dollar amount paid by
such Management Holder for the Purchased Units and (ii) the current Fair Market Value
of the Class A Units purchased and the vested portion of the Company Match Class A Units.
Such Management Holder will forfeit the unvested portion of such Management Holder’s Company
Match Class A Units as of the date of termination and shall not be entitled to receive any
benefit attributable to the unvested portion of the Company Match Class A Units on or after
the date of such termination.

     9.11.5. A Management Holder may elect to require a Series to exercise its Repurchase
Rights with respect to the Class A Units of such Series purchased by the Management Holder
plus the vested portion of the Company Match Class A Units of such Series if the Management
Holder’s Employment with the Company or its Subsidiaries is terminated (i) by reason of
death or Disability, (ii) by the Company without Cause, or (iii) by the Management Holder
for Good Reason, for a period of thirty (30) days after such termination, in which case such
Management Holder shall receive the current Fair Market Value of such Class A Units and
vested Company Match Class A Units.

     9.11.6. In connection with any exercise of Repurchase Rights pursuant to this Section
9.11, the Management Holders agree to execute, acknowledge, and deliver, or cause to be
executed, acknowledged, and delivered, all instruments and documents that may be reasonably
requested by such Series in connection therewith.

     9.11.7. Notwithstanding anything herein to the contrary, except for the required
exercise of Repurchase Rights pursuant to Section 9.11.5, each Series shall have the right
to not exercise its Repurchase Rights if a Management Holder (an “Objecting Management
Holder”) provides such Series with a written objection of such Series’ determination of the
Fair Market Value of such Units to be repurchased (a “Fair Market Value Objection”) within
10 days after such Series’ determination of such Fair Market Value and, after complying with
the provisions of Section 9.11.8, the Arbitrator determines that the Valuation Expert’s
determination of Fair Market Value shall be used instead of such Series’ determination of
Fair Market Value.

     9.11.8. (a) For a period of 30 days following such Series’ receipt of a Fair Market
Value Objection, such Series and Objecting Management Holder shall endeavor in good faith to
agree upon the Fair Market Value of such Class A Units and shall execute a written
instrument specifying the Fair Market Value thereof.

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	 	(b)	 	If during such 30-day period such Series and Objecting
Management Holder have not reached an agreement on the Fair Market Value of
such Class A Units, the Objecting Management Holder may retain an independent
valuation expert with experience in valuing financial companies and mortgage
originators (the “Valuation Expert”) to provide such Series with its
determination of the Fair Market Value of such Class A Units.
	 
	 	(c)	 	If such Series does not agree with the Valuation Expert’s
determination of Fair Market Value, such Series and Objecting Management Holder
shall engage a mutually agreed upon nationally recognized arbitrator with
experience in valuing financial companies and mortgage originators (the
“Arbitrator”), or if the parties cannot so agree, each will select a nationally
recognized arbitrator with experience in valuing financial companies and
mortgage originators and the two arbitrators so selected will select a third
nationally recognized arbitrator with experience in valuing financial companies
and mortgage originators to act as the Arbitrator, and the Arbitrator shall
determine if the Fair Market Value to be used is that of such Series or the
Valuation Expert, it being expressly understood that the Arbitrator shall not
be entitled to select any value other than those presented by such Series and
Objecting Management Holder.
	 
	 	(d)	 	The fees and expenses of the Valuation Expert and Arbitrator
shall be borne equally by such Series and Objecting Management Holder, taking
into account, in respect of such Objecting Management Holder’s portion of such
fees and expenses, such Objecting Management Holder’s proportionate share of
such Series’ portion of the fees and expenses.

     9.11.9. Sections 9.11.3, 9.11.4 and 9.11.5 shall not apply to Class A Units held by the
Designated Management Holders, which are subject to modified Repurchase Rights, as set forth
in separate agreements between them and the Company.

9.12. Management Loan.

     9.12.1. At the election of each Management Holder (an “Electing Management Holder”),
the Company or applicable Series will provide to such Management Holder a nonrecourse loan
pursuant to a promissory note substantially in the form attached hereto on Schedule
9.12 (or such other documentation as reasonably determined by the Managers) (a
“Management Loan”) in respect of such Management Holder’s federal and state income tax
liability on Company Match Class A Units and Class B Units held by Management LLC for the
benefit of such Electing Management Holder; provided, however, that a Management Holder may
only elect to receive a Management Loan if (i) such Management Holder makes an election
pursuant to Section 83(b) of the Code at the time a Series grants the Company Match Class A
Units to such Management Holder or at the time Management LLC receives any Class B Units for
the benefit of such Management Holder or (ii) such Management Holder (x) incurs tax
liability upon the vesting of his or her Company Match Class A Units or the Class B Units
held by

43

 

Management LLC for the benefit of such Electing Management Holder in excess of all net
after-tax Distributions (excluding any Tax Distribution) made with respect to such Electing
Management Holder’s Class A Units and any Class B Units held by Management LLC for the
benefit of such Electing Management Holder determined as of the date the Electing Management
Holder is required to pay such tax liability and (y) remains an employee of the Company or
one of its Subsidiaries immediately after the vesting of his or her Company Match Class A
Units or the Class B Units held by Management LLC for the benefit of such Electing
Management Holder that resulted in such tax liability; provided, further, that, the amount
of such Management Loan shall not exceed (x) in the case of clause (i) in the preceding
proviso, the federal and state income tax liability incurred by such Electing Management
Holder as a result of the receipt of such Management Holder’s Company Match Class A Units or
the Class B Units held by Management LLC for the benefit of such Electing Management Holder
or (y) in the case of clause (ii) in the preceding proviso, such Electing Management
Holder’s income tax liability incurred upon vesting of the Company Match Class A Units or
the Class B Units held by Management LLC for the benefit of such Electing Management Holder
minus all net after-tax Distributions (excluding any Tax Distribution) made with respect to
such Electing Management Holder’s Class A Units and any Class B Units held by Management LLC
for the benefit of such Electing Management Holder determined as of the date the Electing
Management Holder is required to pay such tax liability.

     9.12.2. Interest shall accrue on the outstanding principal amount of a Management Loan,
compounded on a quarterly basis, at a rate equal to the prime rate (as set forth
in the Wall Street Journal on the date such Management Loan is made) per annum.

     9.12.3. All cash payments (including in the form of compensation for Employment) and
Distributions (excluding any Tax Distribution) to be made to (a) an Electing Management
Holder by the Company and its Subsidiaries or a Series or (b) Management LLC by the Company
and its Subsidiaries or a Series (in respect of any Class B Units held by Management LLC for
the benefit of such Electing Management Holder), including any amount paid by the Company or
any of its Subsidiaries or a Series (or pursuant to Section 9.11.2, the Fortress Holders) to
such Electing Management Holder to repurchase such Electing Management Holder’s Class A
Units (but excluding base salary and 50% of any cash bonus) during, or following the
termination of, such Electing Management Holder’s Employment with CHEC or its Affiliates
shall be remitted to the Company or Series, as applicable, and shall be credited against the
outstanding balance of such Electing Management Holder’s Management Loan.

     9.12.4. In the event that the Company or Series is required to withhold any amount on
account of taxes in connection with any rights of an Electing Management Holder in
connection with the Company Match Class A Units or such Electing Management Holder’s
Management Loan, such amounts shall be treated for all purposes as having been distributed
to the Electing Management Holder.

     9.12.5. A Management Loan shall be secured by all Class A Units held by the Electing
Management Holder, any Class B Units held by Management LLC for the benefit of such Electing
Management Holder and any equity interests in Management

44

 

LLC held by such Electing Management Holder to whom such loan is provided. A
Management Loan (and any interest thereupon) may be repaid by a Management Holder at any
time without penalty.

     9.12.6. If a Management Holder’s Employment with the Company or a Subsidiary is
terminated for any reason, then such Management Holder’s Management Loan, if any, shall
become due and payable thirty (30) days after such termination and, at the election of an
Electing Management Holder, that number of Class A Units held by the Electing Management
Holder, Class B Units held by Management LLC for the benefit of such Electing Management
Holder and equity interests in Management LLC held by such Electing Management Holder with a
Fair Market Value equal in value to the unpaid amount of such Management Loan, or if the
Electing Management Holder shall so determine, all of the Class A Units held by such
Electing Management Holder, all Class B Units held by Management LLC for the benefit of such
Electing Management Holder and all equity interests in Management LLC held by such Electing
Management Holder, may be tendered to the Company or Series at any time after such
termination, in either case in full repayment of such Management Loan.

9.13. Class B Employment Termination Redemption Rights.

     9.13.1. Within thirty (30) days after the termination of a Management LLC Member’s
Employment with the Company or a Subsidiary for any reason other than those listed in
Section 9.13.2, Series 1 and Series 2, as applicable, shall have the right (but not the
obligation, except as provided in Section 9.13.2) to exercise their right to purchase (the
“Class B Termination Redemption Rights”) all of the applicable Allocated Class B Interests
held by Management LLC (the “Affected Allocated Class B Interest”). If Series 1 and/or
Series 2 exercises its Class B Termination Redemption Rights, the Class B Holder shall
receive an amount equal to the Deemed Series 1 Class B Sale Proceeds and/or Deemed Series 2
Class B Sale Proceeds, as the case may be; and all Affected Allocated Class B Interests
shall be cancelled and retired.

     9.13.2. If a Management LLC Member’s Employment with the Company or a Subsidiary is
terminated (i) by reason of death or Disability, (ii) by the Company without Cause, or (iii)
by the Management LLC Member for Good Reason, then, during the thirty (30) day period
commencing on the nine month anniversary of such termination, Series 1 and Series 2 shall
have the right to exercise its Class B Termination Redemption Rights. The Management LLC
Member whose Employment is so terminated shall, during the thirty (30) day period commencing
on the nine month anniversary of such termination, have the right to exercise its right
under the Management LLC Agreement to have its ownership in Management LLC redeemed, in
which case the Class B Holder will elect to require Series 1 and Series 2 to exercise their
Class B Termination Redemption Rights with respect to the applicable Affected Allocated
Class B Interest, in which case the Class B Holder shall receive an amount equal to the
Deemed Class B Sale Proceeds and all Affected Allocated Class B Interests shall be cancelled
and retired.

     9.13.3. If a Management LLC Member’s Employment is terminated for any of the reasons
listed in Section 9.13.2 and Series 1 and/ or Series 2, as the case may be, elects to

45

 

exercise their Class B Termination Redemption Rights (as opposed to the required
exercise of the Class B Termination Redemption Rights at the election of the Management LLC
Member whose Employment is terminated) and the Fortress Holders dispose of more than 50% of
their Series 1 Class A Units and/or their Series 2 Class A Units, as the case may be, to an
unaffiliated third party within three months before and nine months after such termination,
the Deemed Series 1 Class B Sale Proceeds and Deemed Series 2 Class B Sale Proceeds to which
such Management LLC Member is entitled shall be calculated assuming that such Management LLC
Member was fully vested in his Affected Allocated Class B Interests at the time of any such
disposition by the Fortress Holders.

     9.13.4. In connection with any exercise of Class B Termination Redemption Rights
pursuant to this Section 9.13, the Class B Holder agrees to execute, acknowledge, and
deliver, or cause to be executed, acknowledged, and delivered, all instruments and documents
that may be reasonably requested by Series 1 and Series 2 in connection therewith.

     9.13.5. Notwithstanding anything herein to the contrary, except for the required
exercise of Class B Termination Redemption Rights pursuant to Section 9.13.2, Series 1 and
Series 2 shall have the right to not exercise their Class B Termination Redemption Rights if
the Class B Holder, on behalf of a Management LLC Member (an “Objecting Class B Holder"),
provides Series 1 and/or Series 2, as applicable, with a written objection of such
determination of the Fair Market Value of the Affected Allocated Class B Interests to be
repurchased (a “Class B Fair Market Value Objection") within 10 days after such Series’
determination of such Fair Market Value and, after complying with the provisions of Section
9.11.8, the Arbitrator determines that the Valuation Expert’s determination of Fair Market
Value shall be used instead of Series 1’s and/or Series 2’s determination of Fair Market
Value, as applicable, in which case the fees and expenses of the Valuation Expert and
Arbitrator shall be borne by Series 1 or Series 2, as applicable.

9.14. Class B Sale Repurchase Right.

     9.14.1. In the event of a Sale in which the Fortress Holders dispose of all of their
Series 1 Class A Units (a “Complete Series 1 Fortress Sale”) all Series 1 Class B Units
shall become fully vested and shall be entitled to receive a portion of the proceeds of such
Complete Series 1 Fortress Sale to the extent provided in, and in accordance with the terms
of, Section 9.15, and all Series 1 Class B Units shall be cancelled and retired and the
Class B Holder shall cease to be a Member of Series 1 and, if the Class B Holder is not a
Member of any other Series, the Company.

     9.14.2. In the event of a Sale in which the Fortress Holders dispose of all of their
Series 2 Class A Units (a “Complete Series 2 Fortress Sale”) all Series 2 Class B Units
shall become fully vested and shall be entitled to receive a portion of the proceeds of such
Complete Series 2 Fortress Sale to the extent provided in, and in accordance with the terms
of, Section 9.15, and all Series 2 Class B Units shall be cancelled and retired and the
Class B Holder shall cease to be a Member of Series 2 and, if the Class B Holder is not a
Member of any other Series, the Company.

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     9.15. Proceeds of Sale Transaction. In the event of any Sale of Class A Units (whether or not the
same shall constitute a Sale of a Series hereunder), if the Class B Holder would be entitled to
some portion of the proceeds of such Sale if the proceeds thereof had been distributed by the
Company pursuant to Section 7.2 or Section 7.3, as applicable, the Class B Holder shall, as a
condition to completion of such Sale, receive a payment equal to such portion of such proceeds at
the time of consummation of such sale.

ARTICLE X

ADMISSION OF ASSIGNEE AS MEMBER

     10.1. Requirements. A Person that has validly (including in compliance with Article IX) acquired a
Series Interest by a Transfer from a Member shall be admitted to such Series as a Member upon
compliance with each of the following conditions:

	 	(a)	 	A duly executed and acknowledged written instrument of Transfer
is filed with the Company and such Series, specifying the Series Interests
being transferred and setting forth the intention of the Member effecting the
Transfer that the Assignee succeed to a portion or all of such Member’s Series
Interest as a Member;
	 
	 	(b)	 	The Assignee qualifies as an Accredited Investor or is a Member
of the Immediate Family of the Member making such Transfer and such Transfer
has been made for estate planning purposes or by testamentary or intestate
disposition;
	 
	 	(c)	 	If requested by the Company Manager and applicable Series
Manager, the Assignee delivers to the Company and such Series an opinion of
counsel, in form and substance satisfactory to such Manager, to the effect
provided in clause (a) of Section 9.2 with respect to the admission of the
Assignee as a Member, unless such an opinion would not be required by virtue of
the proviso to said clause (a);
	 
	 	(d)	 	The Member effecting the Transfer and Assignee execute and
acknowledge any other instruments that the Company Manager and applicable
Series Manager deem reasonably necessary or desirable for admission of the
Assignee, including the written acceptance and adoption by the Assignee of the
provisions of this Agreement (including the representations, warranties and
covenants set forth in Article XIV) and execution, acknowledgment, and delivery
to the Manager of a special power of attorney as provided in Section 18.4;

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	 	(e)	 	The Member effecting the Transfer or the Assignee pays to the
Company or such Series a transfer fee sufficient to cover all reasonable
expenses connected with the admission; and
	 
	 	(f)	 	Article IX of this Agreement has been or is complied with;

provided, however, that, notwithstanding the foregoing, in no event shall a competitor of the
Company or any Subsidiary (as determined in good faith by the Company Manager) be admitted as a
Member without the prior written consent of the Company Manager.

     10.2. Consent. Each Member hereby agrees that upon satisfaction of the terms and conditions of
this Article X with respect to any proposed Transfer, the Person proposed to be such transferee may
be admitted as a Member.

     10.3. Withdrawal of Member; No Dissolution. If a Member Transfers all of its Series Interest
pursuant to Article IX and the transferee of such interest is admitted as a Member pursuant to
Section 10.1, such Person shall be admitted to such Series as a Member effective on the effective
date of the Transfer or such other date as may be specified when the Member is admitted, and,
immediately following such admission, the Member effecting the Transfer shall cease to be a Member
of such Series. Upon the resignation or withdrawal from such Series of the Member effecting the
Transfer, the resigning or withdrawing member shall not be entitled to any Distributions (including
any Distributions under Section 18-604 of the Act) from and after the date of such resignation or
transfer, other than any Tax Distribution payable in accordance with Section 7.4 hereof.

ARTICLE XI

RIGHTS AND POWERS OF THE MEMBERS

     11.1. No Management and Control. In no event shall any Member, in its capacity as such, have any
right or authority to act for or bind the Company or any Series, and, except as expressly provided
in this Agreement or any other agreement between such Member and the Company or any Series, no
Member in its capacity as such shall take part in or interfere in any manner with the management of
the business and affairs of the Company or any Series.

     11.2. Specific Limitations. No Member shall have the right or power to: (a) withdraw or reduce
its capital contribution except as a result of the dissolution of the Company or any Series or as
otherwise provided by law or in this Agreement, (b) make voluntary capital contributions or
contribute any property to the Company or any Series other than cash, (c) bring an action for
partition against the Company or any Series or any Company or Series assets, (d) to the fullest
extent permitted by law, cause the dissolution of the Company or any Series, except as set forth in
this Agreement, or (e) upon any Distribution, including any liquidating Distribution, require that
property other than cash be distributed in return for its capital contribution. Each Member hereby
irrevocably waives any and all rights that it may have to maintain an action for partition of any
of the Company’s or any Series’ property. Except as otherwise set forth in this Agreement, no
Member shall have priority over any other Member either as to the return of its capital
contribution or as to any allocation of Net Profit or Net Loss, or as to Distributions.

48

 

Other than
upon the termination and dissolution of the Company or any Series as provided by this Agreement,
there has been no time agreed upon when Distribution in liquidation of a Member’s Series Interest
will be made.

11.3. Amendments to Certificate and Agreement; Voting.

     11.3.1. Except as otherwise expressly provided herein, including Section 3.7, Section
3.8, Section 5.3 and Section 11.3.5, either this Agreement or the Certificate (or both) may
be modified or amended with and by (but only with and by) the written consent of the
Majority Class A Holders. A Member’s execution and delivery of this Agreement shall be
deemed its consent and approval of any and all amendments to the Previous Agreements that
are reflected in this amended and restated limited liability company agreement.

     11.3.2. The Company Manager shall cause to be prepared and filed any amendment or
restatement to the Certificate that may be approved in accordance with this Agreement.

     11.3.3. Any modification or amendment to the Certificate or this Agreement pursuant to
this Article XI shall be binding on all Members and Assignees. Each Member and Assignee
shall be bound by this Agreement whether or not such Member or Assignee has executed this
Agreement.

     11.3.4. For all purposes hereunder and under the Act, all holders of Units of a
particular Series shall vote together as a single class, with (a) each holder of Class A
Units of such Series entitled to a number of votes equal to the number of Class A Units of
such Series of which it is the record holder and (b) the Class B Holder, each holder of
Class C Preferred Units and each holder of Class D Preferred Units shall have no vote with
respect to its Class B Units, Class C Preferred Units or Class D Preferred Units, as
applicable.

     11.3.5. Notwithstanding the foregoing, (i) none of Article XVII or Sections 3.8, 3.15,
3.16, 5.3, 7.2, 7.4, 9.6, 9.7, 9.8, 11.3, 16.1, 18.5, 18.7 of this Agreement or, to the
extent used in Article XVII or Sections 3.8, 3.15, 3.16, 5.3, 7.2, 7.4, 9.6, 9.7, 9.8, 11.3,
16.1, 18.5, 18.7, any of the Specified Defined Terms, or any other Defined Term contained in
Schedule 1 hereto to the extent used in any Specified Defined Term, may be modified or
amended without the consent of the Majority Management Holders, which consent may not be
unreasonably withheld, conditioned or delayed and (ii) none of those rights, preferences or
privileges of the Management Holders, the Class B Holder, or the Management Holders and the
Class B Holder, contained in Article IX that are specific or unique to the Management
Holders, the Class B Holder, or the Management Holders and the Class B Holder, or, to the
extent used in the provisions of Article IX which set forth such rights, preferences or
privileges, any of the Defined Terms contained in Schedule 1 hereto or any other Defined
Term contained in Schedule 1 hereto to the extent used in any Specified Defined Term, may be
modified or amended in a manner adverse to the Management Holders or Class B Holder, as
applicable, without the consent of the

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Majority Management Holders and/or Majority Class B
Holder Members, as applicable, which consent may not be unreasonably withheld, conditioned
or delayed.

ARTICLE XII

DISSOLUTION OF COMPANY

     12.1. Termination of Membership. No Member shall resign or withdraw from the Company or any Series
except that, subject to the restrictions set forth in Articles IX and X, any Member may Transfer
its Series Interests to an Assignee and an Assignee may become a Member in place of the Member
which assigned its Series Interests with respect to the Series Interests Transferred. The death,
retirement, resignation, expulsion, bankruptcy or dissolution of any Member or the occurrence of
any other event that terminates the continued membership of any Member shall not in and of itself
cause the Company or any Series to be dissolved or its affairs to be wound up, and upon the
occurrence of any such event, the Company or such Series shall be continued without dissolution.

     12.2. Events of Dissolution or Liquidation. The Company shall be dissolved upon the happening of
any of the following events: (a) the determination of the Company Manager, (b) the sale or other
disposition of all of the Company’s and each Series’ assets and receipt of the final payment of all
installment obligations received as a result of such sale or other disposition, (c) upon the
termination of all Series pursuant to the next sentence, (d) upon the affirmative vote or other
written consent of all holders of Class A Units or (e) the entry of a decree of judicial
dissolution under Section 18-802 of the Act. A Series shall be dissolved upon the happening of any
of the following events: (a) the affirmative vote or written consent of all Members of such Series
at any time to terminate and dissolve such Series, (b) the determination of the Series Manager, (c)
the dissolution of the Company pursuant to the previous sentence, (d) the sale or disposition of
all of such Series’ assets and receipt of the final payment of all installment obligations received
as a result of such sale or other disposition or (e) the occurrence of any other event that causes
the termination of such Series under the Act.

     12.3. Liquidation. Upon dissolution of the Company or any Series for any reason, the Company or
such Series shall immediately commence to wind up its affairs. A reasonable period of time shall
be allowed for the orderly termination of the Company’s or such Series’ business, discharge of its
liabilities, and distribution or liquidation of the remaining assets so as to enable the Company or
such Series to minimize the normal losses attendant to the liquidation process. The Company’s
property or such Series’ and assets or the proceeds from the liquidation thereof shall be
distributed so as not to contravene the Act and upon satisfaction (whether by payment or the making
of reasonable provision for payment) of the Company’s or such Series’ liabilities, in accordance
with Section 7.2. A full accounting of the assets and liabilities of the Company or such Series
shall be taken and a statement thereof shall be furnished to each Member of the Company or such
Series, as applicable, within thirty days after the distribution of all of the assets of the
Company or such Series. Such accounting and statements shall be prepared under the direction of
the applicable Manager. In the case of the liquidation of the Company, upon such final accounting,
the Company Manager shall cancel the Certificate in accordance with the Act and the Company’s
existence as a separate legal entity shall terminate.

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     12.4. No Action for Dissolution. The Members acknowledge that irreparable damage would be done to
the goodwill and reputation of the Company and each Series if any Member should bring an action in
court to dissolve the Company or any Series under circumstances
where dissolution is not required by Section 12.2. This Agreement has been drawn carefully to
provide fair treatment of all parties and equitable payment in liquidation of the Series Interests
of all Members. Accordingly, except where the Company Manager or applicable Series Manager has
failed to liquidate the Company or any Series as required by Section 12.2 and except as
specifically provided in Section 18-802 of the Act, each Member hereby waives and renounces its
right to initiate legal action to seek dissolution or to seek the appointment of a receiver or
trustee to liquidate the Company or any Series.

     12.5. No Further Claim. Upon dissolution, each Member shall look solely to the assets of the
Company or Series for the return of its capital, and if the Company’s or such Series’ property
remaining after payment or discharge of the debts and liabilities of the Company or such Series,
including debts and liabilities owed to one or more of the Members, is insufficient to return the
aggregate capital contributions of each Member, such Members shall have no recourse against the
Company or any Series, any member of the Managers or any other Member.

ARTICLE XIII

INDEMNIFICATION

     13.1. General. The Company or any Series, as applicable shall, to the fullest extent permitted by
law, indemnify, defend, and hold harmless the Company Manager, each Series Manager and each Member,
including the Tax Matters Members, and each such Person’s officers, directors, partners, members,
shareholders, employees, and agents, and the employees, officers, and agents of the Company or
applicable Series, (all indemnified persons being referred to as “Indemnified Persons” for purposes
of this Article XIII), from any liability, loss, or damage incurred by the Indemnified Person by
reason of any act performed or omitted to be performed by the Indemnified Person in connection with
the business of the Company or applicable Series and from liabilities or obligations of the Company
or applicable Series imposed on such Person by virtue of such Person’s position with the Company or
applicable Series, including reasonable attorneys’ fees and costs and any amounts expended in the
settlement of any such claims of liability, loss, or damage; provided, however, that, if the
liability, loss, damage, or claim arises out of any action or inaction of an Indemnified Person,
indemnification under this Section 13.1 shall be available only if (a) either (i) the Indemnified
Person, at the time of such action or inaction, believed, in good faith, that its, his or her
course of conduct was in, or not opposed to, the best interests of the Company or applicable
Series, or (ii) in the case of inaction by the Indemnified Person, the Indemnified Person did not
intend its, his or her inaction to be harmful or opposed to the best interests of the Company or
applicable Series, and (b) the action or inaction did not constitute fraud, gross negligence, or
willful misconduct by the Indemnified Person; and provided, further, that indemnification under
this Section 13.1 shall be recoverable only from the assets of the Company or Series, as
applicable, and not from any assets of the Members or any other Series. The Company or applicable
Series may, as determined by the Company Manager or applicable Series Manager, advance or reimburse
attorneys’ fees of an Indemnified Person as incurred. The Company or applicable Series may

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pay for
insurance covering liability of the Indemnified Persons for negligence in operation of the
Company’s or applicable Series’ affairs.

     13.2. Exculpation. No Indemnified Person shall be liable, in damages or otherwise, to the Company,
any Series or to any Member for any loss that arises out of any act performed or omitted to be
performed by it or him pursuant to the authority granted by this Agreement if (a) either (i) the
Indemnified Person, at the time of such action or inaction, believed, in good faith, that such
Indemnified Person’s course of conduct was in, or not opposed to, the best interests of the Company
or such Series, or (ii) in the case of inaction by the Indemnified Person, the Indemnified Person
did not intend such Indemnified Person’s inaction to be harmful or opposed to the best interests of
the Company or such Series, and (b) the conduct of the Indemnified Person did not constitute fraud,
gross negligence, or willful misconduct by such Indemnified Person.

     13.3. Persons Entitled to Indemnity. Any Person who is within the definition of “Indemnified
Person” at the time of any action or inaction in connection with the business of the Company or
Series, as applicable, shall be entitled to the benefits of this Article XIII as an “Indemnified
Person” with respect thereto, regardless whether such Person continues to be within the definition
of “Indemnified Person” at the time of such Indemnified Person’s claim for indemnification or
exculpation hereunder.

     13.4. Procedure Agreements. The Company and any Series may enter into an agreement with any of
their respective officers, employees and agents, Members or Manager, setting forth procedures
consistent with applicable law and this Agreement for implementing the indemnities provided in this
Article XIII.

     13.5. Interested Transactions. To the fullest extent permitted by law, neither the Company Manager
or Series Manager nor any Member shall be deemed to have breached his or her duty of loyalty to the
Company, any Series or the Members (and such Company Manager or Series Manager or Member shall not
be liable to the Company, any Series or to the Members for breach of any duty of loyalty or
analogous duty) with respect to any action or inaction in connection with or relating to any
transaction that was approved in accordance with, or contemplated by, the terms hereof.

     13.6. Business Opportunities. To the fullest extent permitted by law, the doctrine of corporate
opportunity, or any analogous doctrine, shall not apply to the Company Manager and Series Manager
or the Fortress Holders. The Company and each Series renounce any interest or expectancy of the
Company or such Series in, or in being offered an opportunity to participate in, business
opportunities that are from time to time presented to the Managers or the Fortress Holders.
Neither the Managers nor any Fortress Holder who acquires knowledge of a potential transaction,
agreement, arrangement or other matter that may be an opportunity for the Company or any Series
shall have any duty to communicate or offer such opportunity to the Company or any Series, and such
Manager or Fortress Holder shall not be liable to the Company or any Series or to the Members for
breach of any fiduciary or other duty by reason of the fact that such member Manager or Fortress
Holder pursues or acquires for, or directs such opportunity to another Person or does not
communicate such opportunity or information to the Company or any Series. No amendment or repeal
of this Section 13.6 shall apply to or have any effect on the

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liability or alleged liability of the
Managers or the Fortress Holders for or with respect to any opportunities of which the Managers or
Fortress Holder become aware prior to such amendment or repeal.

13.7. Fiduciary and Other Duties.

     13.7.1. An Indemnified Person acting under this Agreement shall not be liable to the
Company, any Series or to any other Indemnified Person for its, his or her good faith
reliance on the provisions of this Agreement. The provisions of this Agreement, to the
extent that they expressly limit the duties (including fiduciary duties) and liabilities of
an Indemnified Person otherwise existing at law or in equity, are agreed by the parties
hereto to replace such other duties and liabilities of such Indemnified Person.

     13.7.2. Notwithstanding any other provision of this Agreement or otherwise applicable
law, whenever in this Agreement an Indemnified Person is permitted or required to make a
decision (a) in its, his or her discretion or under a grant of similar authority, the
Indemnified Person shall be entitled to consider only such interests and factors as such
Indemnified Person desires, including its, his or her own interests, and shall, to the
fullest extent permitted by applicable law, have no duty or obligation to give any
consideration to any interest of or factors affecting the Company, any Series or any other
Person, or (b) in its, his or her good faith or under another express standard, the
Indemnified Person shall act under such express standard and shall not be subject to any
other or different standards.

     13.8. Amendment. The provisions of this Article XIII may be amended or repealed in accordance with
Section 11.3; provided, however, that no amendment or repeal of such provisions that adversely
affects the rights of any Indemnified Person under this Article XIII with respect to its acts or
omissions at any time prior to such amendment or repeal shall apply to any Indemnified Person
without its prior written consent.

     13.9. Survival. The provisions of this Article XIII shall survive any termination of this
Agreement.

     13.10. No Inconsistent Amendments to Certificate. No amendments to the Certificate shall be made
to the extent such amendments are contrary to, or not consistent with, the provisions of this
Article XIII.

ARTICLE XIV

REPRESENTATIONS AND COVENANTS BY THE MEMBERS

     Each Member hereby represents and warrants to, and agrees with, the Managers, the other
Members, the Company and each Series, severally and as to itself, as follows:

     14.1. Investment Intent. It is acquiring its Series Interests with the intent of holding the same
for investment for its own account and without the intent or a view of participating directly

53

 

or
indirectly in any distribution of such Series Interests within the meaning of the Securities Act or
any applicable state securities laws in a manner that would violate such laws.

14.2. Securities Regulation.

     14.2.1. It acknowledges and agrees that its Series Interests are being issued and sold
in reliance on the exemption from registration contained in Section 4(2) of the Securities
Act and exemptions contained in applicable state securities laws, and that its Series
Interests cannot and will not be sold or transferred except in a transaction that is exempt
under the Securities Act and those state acts or pursuant to an effective registration
statement under the Securities Act and those state acts or in a transaction that is
otherwise in compliance with the Securities Act and those state acts.

     14.2.2. It understands that it has no contractual right under this Agreement for the
registration under the Securities Act of its Series Interests for public sale and that,
unless its Series Interests are registered or an exemption from registration is available,
its Series Interests may be required to be held indefinitely.

     14.3. Knowledge and Experience. It has such knowledge and experience in financial, tax, and
business matters as to enable it to evaluate the merits and risks of its investment in the Company
and each applicable Series and to make an informed investment decision with respect thereto.

     14.4. Economic Risk. It is able to bear the economic risk of its investment in its Series
Interests.

     14.5. Binding Agreement. It has all requisite power and authority to enter into and perform this
Agreement and that this Agreement is and will remain its valid and binding agreement, enforceable
in accordance with its terms (subject, as to the enforcement of remedies, to any applicable
bankruptcy, insolvency, or other laws affecting the enforcement of creditors rights).

     14.6. Tax Position. Unless it provides prior written notice to the Company and applicable Series,
it will not take a position on any federal, state, foreign or other income tax return, in any claim
for refund, or in any administrative or legal proceedings that is inconsistent with any information
return filed by the Company or such Series or with the provisions of this Agreement.

     14.7. Information. It has received all documents, books, and records pertaining to an investment
in the Company and applicable Series requested by it. It has had a reasonable opportunity to ask
questions of and receive answers concerning the Company and applicable Series, and all such
questions have been answered to its satisfaction.

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ARTICLE XV

COMPANY AND SERIES REPRESENTATIONS

     In order to induce the Members to enter into this Agreement and to make the Capital
Contributions contemplated hereby, the Company and each Series hereby, severally and not jointly,
represent and warrants to each Member as follows:

     15.1. Organization, etc. The Company is a duly formed and validly existing limited liability
company under the Act and the Certificate has been duly filed as required by the Act. The Company
has all necessary power and authority under the Act to issue the Series Interests to be issued to
the Members hereunder.

     15.2. Series Interests. When the Series Interests are issued to the Members as contemplated by
this Agreement and the capital contributions required to be made by such Members are made, the
Series Interest issued to such Members will be duly and validly issued and no liability for any
additional capital contributions or for any obligations of the Company or Series will attach
thereto, except to the extent required by the Act or this Agreement.

ARTICLE XVI

RIGHT TO CONVERT TO CORPORATE FORM

     16.1. Conversion of Company. With the prior written consent of the Company Manager and each Series
Manager, but without any need for consent or approval of any other Member, the Majority Class A
Holders may elect to require that the Company be converted into a corporation having, immediately
prior to such conversion, no assets, liabilities, debts or other material obligations (other than
those associated with its formation and initial capitalization), which conversion shall occur in
anticipation of or in connection with a Qualified Public Offering by such corporation, and shall be
effected by a merger, a tax-free contribution under Section 351 of the Internal Revenue Code or by
such other form of tax-free transaction as may be available under applicable law. In such
conversion, each Member’s direct or indirect ownership percentage of the Pre-Transaction Value of
all Units outstanding immediately prior to such conversion shall be the basis for the allocation of
shares or options in the corporation (a) all Class A Units of each Series shall be converted into
common stock of the corporation of the same class and with the same rights and obligations, (b) all
Class B Units outstanding immediately prior to such conversion shall be converted into or exchanged
for shares or, if agreed to by the Majority Management Holders, options, in the corporation, and
(c) all Class C Preferred Units and Class D Preferred Units outstanding immediately prior to such
conversion shall be converted into preferred or common stock of the corporation having rights and
preferences substantially similar to such Class C Preferred Units or Class D Preferred Units prior
to such conversion. It is the intent of the Members that the conversion of the Company into
corporate form and the conversion or reorganization of any of the Company’s operating divisions,
whether currently existing or existing in the future, into corporate form are part of each Member’s
investment decision with respect to the Units of such Member. The Members agree that, to the
extent reasonably practicable, they shall work together in good faith to effect such conversion on
a non-detrimental tax basis for all holders.

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     16.2. Execution of Documents. Upon an election pursuant to Section 16.1, the Members shall, at the
expense of the Company, as soon as practicable thereafter execute, acknowledge, and deliver, or
cause to be executed, acknowledged, and delivered, all instruments and documents that may be
reasonably requested by the Majority Class A Holders to best effectuate the conversion of the
Company to a corporation while continuing in full force and effect, to the extent consistent with
such conversion, the terms, provisions, and conditions of this Agreement, including all rights,
protections and benefits afforded to parties to this Agreement,
and including those provisions granting the Managers exclusive authority to manage the operations
and affairs of the Company and each Series, those provisions restricting the assignment of Units,
those provisions granting rights to repurchase or sell Units or rights to participate in certain
transactions and those provisions relating to confidentiality, indemnification and limitation of
the Company’s and Series’ activities; provided, however, that in no event shall the rights or
obligations contained in Article IX be of any force or effect after the closing of a Qualified
Public Offering. Each Member hereby agrees that it will execute and deliver all votes or written
consents that the Majority Class A Holders may deem reasonably necessary or advisable in order to
best effectuate the conversion of the Company to a corporation pursuant to this Section 16.

ARTICLE XVII

LIMITED LIABILITY

     Except as otherwise required by the Act, the debts, obligations and liabilities of the Company
or a Series, as the case may be, whether arising in contract, tort or otherwise, shall be solely
the debts, obligations and liabilities of the Company or such Series, as the case may be, and no
Indemnified Person (including a Member) shall be obligated personally for any such debt, obligation
or liability of the Company or such Series, as the case may be, solely by reason of being an
Indemnified Person. All persons dealing with the Company or a Series, as the case may be, shall
look solely to the assets of the Company or such Series, as the case may be, for the payment of the
debts, obligations or liabilities of the Company or such Series, as the case may be.

ARTICLE XVIII

MISCELLANEOUS

     18.1. Additional Documents. At any time and from time to time after the date of this Agreement,
upon the request of the Company Manager or a Series Manager and at the expense of the Company or
such Series, each Member shall do and perform, or cause to be done and performed, all such
additional acts and deeds, and shall execute, acknowledge, and deliver, or cause to be executed,
acknowledged, and delivered, all such additional instruments and documents, as may reasonably be
required to effectuate the purposes and intent of this Agreement.

     18.2. General. This Agreement: (i) shall be binding upon the Managers, the Members, the
Assignees, and the executors, administrators, estates, heirs, and legal successors of the Members
and the Assignees whether or not such Managers, Members or Assignees execute this

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Agreement; (ii)
shall be governed by and construed in accordance with the laws of the State of Delaware; and (iii)
together with any employment agreements between a Member and the Company or any of its
Subsidiaries, any subscription or purchase agreements pursuant to which Units were purchased or
awarded, the Management LLC Agreement or any Management Loan, contains the entire contract among
the Members as to the subject matter hereof and supersedes all prior agreements with respect to
such subject matter. The waiver of any of the provisions,
terms, or conditions contained in this Agreement shall not be considered as a waiver of any of the
other provisions, terms, or conditions hereof.

     18.3. Notices, etc.All notices and other communications required or permitted hereunder shall be
effective if in writing and (i) delivered personally, (ii) sent by facsimile, (iii) sent by
nationally recognized overnight courier, or (iv) sent by registered or certified mail, postage
prepaid, in each case, addressed as follows:

     If to any Member, at the address of such Member set forth in the records of the Company or at
such other address as such Member shall have furnished to the Company in writing as the address to
which notices are to be sent hereunder, and in the case of any Management Holder, with a copy to:

Seyfarth Shaw LLP

131 South Dearborn Street

Chicago, Illinois 60603

Facsimile: (312) 460-7828

Attention: Steven R. Lifson

     If to the Company to:

FIF HE Holdings LLC

c/o Fortress Investment Group, L.L.C.

1345 Avenue of the Americas

New York, New York 10105

Facsimile: (212) 798-6137

Attention: Randal A. Nardone

                 Pete Smith

     If to Series 1 to:

FIF HE Holdings LLC Series 1

c/o Fortress Investment Group, L.L.C.

1345 Avenue of the Americas

New York, New York 10105

Facsimile: (212) 798-6137

Attention: Randal A. Nardone

                 Pete Smith

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     If to Series 2 to:

FIF HE Holdings LLC Series 2

c/o Fortress Investment Group, L.L.C.

1345 Avenue of the Americas

New York, New York 10105

Facsimile: (212) 798-6137

Attention: Randal A. Nardone

                 Pete Smith

     If to the Company Manager to:

FIF HE Holdings LLC

c/o Fortress Investment Group, L.L.C.

1345 Avenue of the Americas

New York, New York 10105

Facsimile: (212) 798-6137

Attention: Randal A. Nardone

                 Pete Smith

     With a copy, whether to the Company, Series 1, Series 2 or the Company Manager, to:

Skadden, Arps, Slate, Meagher & Flom LLP

300 S. Grand Avenue, Suite 3400

Los Angeles, California 90071

Facsimile: (213) 687-5600

Attention: Jonathan Friedman

     If to the Class B Holder to:

Nationstar Investment Holdings LLC

c/o Fortress Investment Group, L.L.C.

1345 Avenue of the Americas

New York, New York 10105

Facsimile: (212) 798-6137

Attention: Randal A. Nardone

                 Pete Smith

     With a copy to:

Skadden, Arps, Slate, Meagher & Flom LLP

300 S. Grand Avenue, Suite 3400

Los Angeles, California 90071

Facsimile: (213) 687-5600

Attention: Jonathan Friedman

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     Unless otherwise specified herein, such notices or other communications shall be deemed
effective, (a) on the date received, if personally delivered or sent by facsimile during normal
business hours, or (b) if delivered by registered or certified mail or by overnight courier, on the
date delivered as established by return receipt or courier service confirmation or the date on
which the return receipt or courier service confirms that acceptance of delivery was returned by
the addressee. Each of the parties hereto shall be entitled to specify a different address by
giving notice as aforesaid to each of the other parties hereto.

     18.4. Execution of Papers. With respect to the Company or any Series to which a Member is a
Member, the Members agree to execute such instruments, documents, and papers at the Company’s or
such Series, as the case may be, expense as are reasonably necessary or appropriate to carry out
the intent of this Agreement. Each Member, including each new and substituted Member and each
Assignee, by the execution of this Agreement or any Previous Agreement, by agreeing in writing to
be bound by the provisions of this Agreement or any Previous Agreement, or if such Member or
Assignee has not executed this Agreement or a Previous Agreement, or agreed in writing to be bound
by the provisions of this Agreement or any Previous Agreement, by virtue of the provisions of the
Act that make each Member and each Assignee bound by this Agreement, whether or not such Member or
Assignee executes the Agreement, irrevocably constitutes and appoints the Company Manager, with
respect to the Company, and the respective Series Managers, with respect to each such Series to
which such Member is a Member, or any Person designated by the Company Manager or such Series
Manager to act on such Member’s behalf with respect to the Company or such Series, as the case may
be, for purposes of this Section 18.4 as its true and lawful attorney-in-fact with full power and
authority in its name, place, and stead to execute, acknowledge, deliver, swear to, file, and
record at the appropriate public offices such documents as may be necessary or appropriate to carry
out the provisions of this Agreement, including but not limited to:

	 	(a)	 	all certificates and other instruments (specifically including
counterparts of this Agreement), and any amendment thereof adopted in
accordance with the terms hereof, that the Company Manager or Series Manager,
as the case may be, deems appropriate to qualify or continue the Company or
such Series as a limited liability company in any jurisdiction in which the
Company or such Series may conduct business or in which such qualification or
continuation is, in the opinion of the Company Manager or Series Manager, as
the case may be, necessary to protect the limited liability of the Members;
	 
	 	(b)	 	all amendments to this Agreement adopted in accordance with the
terms hereof and all instruments that the Company Manager or Series Manager, as
the case may be, deems appropriate to reflect a change or modification of the
Company or such Series, as the case may be, in accordance with the terms of
this Agreement; and
	 
	 	(c)	 	all conveyances and other instruments that the Company Manager
or Series Manager, as the case may be, deems appropriate to reflect the
dissolution of the Company or such Series, as the case may be, in accordance
with the terms hereof.

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The appointment by each Member of the Company Manager or Series Manager, as the case may be, as
such Member’s attorney-in-fact shall be deemed to be a power coupled with an interest, in
recognition of the fact that each of the Members under this Agreement will be relying upon the
power of the Company Manager or Series Manager, as the case may be, to act as contemplated by this
Agreement in any filing and other action by him or her on behalf of the Company or such Series, as
the case may be, and shall survive the bankruptcy, dissolution, death, adjudication of incompetence
or insanity of any Member giving such power and the transfer or assignment of all or any part of
such Member’s Series Interest; provided, however, that in the event of a Transfer by a Member of
all of its Series Interest, the power of attorney given by the transferor shall survive such
assignment only until such time as the Assignee shall have been admitted to the Company or such
Series, as the case may be, as a substituted Member and all required documents and instruments
shall have been duly executed, filed, and recorded to effect such substitution.

     18.5. Arbitration. The parties agree that any and all disputes, controversies or claims that may
arise out of the transactions, activities, payments, awards and/or benefits contemplated by this
Agreement, or the breach, termination or invalidity thereof (other than a suit to obtain specific
performance of the provisions of this Agreement or obtain other injunctive relief), shall be
submitted to, and determined by, binding arbitration in accordance with the following procedures:

     18.5.1. Either the Company or any Member may submit a dispute, controversy or claim to
arbitration by giving the other party written notice to such effect, which notice shall
describe, in reasonable detail, the facts and legal grounds forming the basis for the filing
party’s request for relief. The arbitration shall be held before one neutral arbitrator in
Wilmington, Delaware.

     18.5.2. Within thirty (30) days after the other party’s receipt of such demand, the
parties shall mutually agree upon a neutral arbitrator. If the parties are unable to agree
on a neutral arbitrator within that time period, the parties will request that the American
Arbitration Association (“AAA”) submit a panel of five neutral arbitrators who have a
background in, and knowledge of the financial services industry and shall otherwise be an
appropriate person based on the nature of the dispute. If a person with experience in such
matters is not available, the parties will request that the AAA submit a panel of five
retired federal judges from a pool maintained by AAA. If the parties are unable to mutually
agree on a neutral arbitrator from the panel submitted by AAA, the parties will alternate in
striking names from the pool of neutral arbitrators, with the Company striking the first
name.

     18.5.3. The arbitration shall be governed by the Commercial Arbitration Rules of AAA
and administered by the AAA, except as otherwise expressly agreed to by the parties.

     18.5.4. Discovery shall be limited to the request for and production of documents,
depositions and interrogatories, except as otherwise expressly agreed to by the parties.
All discovery shall be guided by the Federal Rules of Civil Procedure. All issues

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concerning discovery upon which the parties cannot agree shall be submitted to the
arbitrator for determination.

     18.5.5. In rendering an award, the arbitrator shall determine the rights and
obligations of the parties under this Agreement according to the substantive and procedural
laws of the State of Delaware, except as otherwise expressly agreed to by the parties.

     18.5.6. The decision of, and award rendered by, the arbitrator shall (unless the
arbitrator determines that this time frame is impracticable) be determined no more than 30
days after the selection of the arbitrator (or such longer period as the arbitrator may
require and the parties reasonably agree upon) and shall be final and binding on the parties
and shall not be subject to appeal. Judgment on the award may be entered in and enforced by
any court of competent jurisdiction.

     18.5.7. Each party shall bear its own costs and expenses (including filing fees) with
respect to the arbitration, including one-half of the fees and expenses of the arbitrator.

     18.6. Matters of Interpretation.

     18.6.1. Whenever required by the context, as used in this Agreement the singular number
shall include the plural, the plural shall include the singular, and all words herein in any
gender shall be deemed to include the masculine, feminine and neuter genders.

     18.6.2. Unless otherwise explicitly provided, references to Articles and Sections are
to Articles and Sections of this Agreement, and references to Schedules are to Schedules to
this Agreement.

     18.6.3. Any reference to “this Agreement” or “herein” or “hereof,” or other similar
reference, shall, unless otherwise provided, be deemed to be a reference to this entire
Agreement, including all Schedules, and not to any specific Article or Section of this
Agreement or any specific Schedule to this Agreement.

     18.6.4. The headings used in this Agreement are used for administrative convenience
only and do not constitute substantive matter to be considered in construing the terms of
this Agreement.

     18.6.5. The word “including” shall be construed as “including without limitation”.

     18.6.6. References to statutes include all rules and regulations thereunder, and all
amendments and successors thereto, and interpretations thereof, all as in effect from time
to time.

     18.6.7. References to actions that are or may be taken by a Series shall be construed
as actions that are or may be taken by the Company with respect to such Series.

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     18.7. Subsidiary Matters. To the extent that the Company or any Series proposes to accept any
equity or debt investment into any Subsidiary in exchange for equity or debt interests in such
Subsidiary, such investment shall be subject to the applicable provisions of this Agreement as if
and to the extent such investment was proposed to be made directly into the Company or any Series,
including without limitation Sections 3.15, 3.16 and 9.9 hereof, and no such investment shall be
made without compliance with all such provisions.

     18.8. Severability. If any provision of this Agreement is determined by a court to be invalid or
unenforceable, that determination shall not affect the other provisions hereof, each of which shall
be construed and enforced as if the invalid or unenforceable portion were not contained herein.
That invalidity or unenforceability shall not affect any valid and enforceable application thereof,
and each said provision shall be deemed to be effective, operative, made, entered into or taken in
the manner and to the full extent permitted by law. Notwithstanding the foregoing, if any such
invalidity or unenforceability shall deprive any party hereto of a material portion of the benefits
intended to be provided to such party hereby, the parties shall in good faith seek to negotiate a
substitute benefit for such Person, it being understood that it is possible that no such substitute
benefit will be able to be so negotiated, in which event the other provisions of this Section 18.8
shall govern.

     18.9. No Third Party Rights. The provisions of this Agreement are for the benefit of the Company,
each Series, the Managers, the Members, the Assignees and the Indemnified Persons and no other
Person, including creditors of the Company or any Series shall have any right or claim against the
Company, any Series, the Managers or any other Member by reason of this Agreement or any provision
hereof or be entitled to enforce any provision of this Agreement.

     18.10. Counterparts. This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same
instrument.

[The remainder of this page has intentionally been left blank]

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     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	FORTRESS INVESTMENT FUND III LP

FORTRESS INVESTMENT FUND III (Fund B) LP

FORTRESS INVESTMENT FUND III (Fund C) LP

FORTRESS INVESTMENT FUND III (Fund D) L.P.

FORTRESS INVESTMENT FUND III (Fund E) L.P.

 	 
	 	By:  	Fortress Fund III GP LLC,
 the general partner of the foregoing entities
 	 
	 	 	 
	 	By:  	       /s/ Randal A. Nardone
 	 
	 	 	Name:  	Randal A. Nardone 	 
	 	 	Title:  	Chief Operating Officer  	 
	 
	 	FIF III B HE BLKR LLC 	 
	 
	 	By:  	       Fortress Investment Fund III (Fund B) LP, its member
 	 
	 	 	 
	 	By:  	       Fortress Fund III GP LLC, its general partner
 	 
	 	 	 
	 	By:  	       /s/ Randal A. Nardone
 	 
	 	 	Name:  	Randal A. Nardone 	 
	 	 	Title:  	Chief Operating Officer 	 
	 
	 	FIF III C HE BLKR LLC

 	 
	 	By:  	Fortress Investment Fund III (Fund C) LP, its member
 	 
	 	 	 
	 	By:  	       Fortress Fund III GP LLC, its general partner
 	 
	 	 	 
	 	By:  	                                      /s/ Randal A. Nardone
 	 
	 	 	Name:  	Randal A. Nardone 	 
	 	 	Title:  	Chief Operating Officer 	 
	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	FORTRESS INVESTMENT FUND IV (Fund A) L.P.

FORTRESS INVESTMENT FUND IV (Fund B) L.P.

FORTRESS INVESTMENT FUND IV (Fund C) L.P.

FORTRESS INVESTMENT FUND IV (Fund D) L.P.

FORTRESS INVESTMENT FUND IV (Fund E) L.P.

FORTRESS INVESTMENT FUND IV (Fund F) L.P.

FORTRESS INVESTMENT FUND IV (Fund G) L.P.

 	 
	 	By:  	Fortress Fund IV GP L.P.,
 the general partner of the foregoing entities
 	 
	 	 	 
	 	By:  	    Fortress Fund IV GP Holdings Ltd., its general partner
 	 
	 	 	 
	 	By:  	      /s/ Randal A. Nardone
 	 
	 	 	Name:  	Randal A. Nardone 	 
	 	 	Title:  	Chief Operating Officer 	 
	 
	 	FIF IV B HE BLKR LLC

 	 
	 	By:  	Fortress Investment Fund IV (Fund B) L.P., its member
 	 
	 	 	 
	 	By:  	      Fortress Fund IV GP L.P., the general partner of the foregoing entities
 	 
	 	 	 
	 	By:  	      Fortress Fund IV GP Holdings Ltd., its general partner
 	 
	 	 	 
	 	By:  	       /s/ Randal A. Nardone
 	 
	 	 	Name:  	Randal A. Nardone 	 
	 	 	Title:  	Chief Operating Officer 	 
	 
	 	FIF IV CFG HE BLKR LLC

 	 
	 	By:  	Fortress Investment Fund IV (Fund C) L.P., Fortress Investment Fund IV (Fund F) L.P. and Fortress Investment Fund IV (Fund G) L.P., its members
 	 
	 	 	 
	 	By:  	                  Fortress Fund IV GP L.P., their general partner
 	 
	 	 	 
	 	By:  	                  Fortress Fund IV GP Holdings Ltd., its general partner
 	 
	 	 	 
	 	By:  	                                      /s/ Randal A. Nardone
 	 
	 	 	Name:  	Randal A. Nardone 	 
	 	 	Title:  	Chief Operating Officer 	 
	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	                                            /s/ Anthony H. Barone
 	 
	 	Anthony H. Barone 	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	                              /s/ Jesse K. Bray
 	 
	 	Jesse K. Bray 	 
	 	 	 

Signature Page

 

 

     IN
WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	
/s/ Steven L. Mix
 	 
	 	Steven
L. Mix 	 
	 	 	 

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	
                                          /s/
Anne E. Sutherland
 	 
	 	Anne E. Sutherland	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	
/s/ Mark S. O’Brien
 	 
	 	Mark S. O’Brien	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	/s/ Richard J. Cardillo

	 	Richard J. Cardillo 	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	
/s/ James B. Gallagher
 	 
	 	James B. Gallagher 	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	/s/ John T. Butler
 	 
	 	John T. Butler 	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	/s/ Robert S. Smith
 	 
	 	Robert S. Smith 	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	
/s/     Michael G. Eckrote	 
	 	Michael G. Eckrote	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	                                           /s/ Amarkumar R. Patel
 	 
	 	Amarkumar R. Patel 	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	
/s/     Shawn W. Stone	 
	 	Shawn W. Stone	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	
/s/ Stephen L. Hess
	 
	 	Stephen
L. Hess	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	 	 
	 	                                    /s/  Robert L. Appel
 	 
	 	Robert L. Appel 	 
	 	 	 

Signature Page

 

 

     IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company Agreement as
of the day and year first set forth above.

	 	 	 	 	 
	 	NATIONSTAR INVESTMENT HOLDINGS LLC

 	 
	 	By:  	/s/ Pete Smith
 	 
	 	 	Name:  	Pete Smith 	 
	 	 	Title:  	Manager 	 

Signature Page

 

 

Schedule 1

DEFINED TERMS

     “AAA” is defined in Section 18.5.2.

     “Accredited Investor” has the meaning assigned to such term under Regulation D promulgated
pursuant to Section 4(2) of the Securities Act.

     “Act” shall mean the Delaware Limited Liability Company Act as amended and in effect from time
to time.

     “Additional Series” is defined in Section 3.2(b).

     “Affected Class” shall mean, with respect to any action, all Units in a Class which is subject
to such action.

     “Affected Units” is defined in Section 9.6.2(a).

     “Affiliate” shall mean, with respect to any specified Person, any Person that directly or
through one or more intermediaries controls or is controlled by or is under common control with the
specified Person. As used in this definition, the term “control” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of a
Person, whether through ownership of voting securities, by contract or otherwise, and the
possession, directly or indirectly, of 10% or more of the voting power of the equity issued by any
Person shall be deemed to constitute such control.

     “Agreement” shall mean this Limited Liability Company Agreement of the Company, as further
amended or restated from time to time.

     “Affected Allocated Class B Interest” is defined in Section 9.13.1.

     “Allocated Class B Interest” shall mean, the interests in the Class B Units held by the Class
B Holder that is designated under the Management LLC Agreement as attributable to Series 1 or
Series 2, as the case may be, and to a particular Management LLC Member.

     “Allocated Management LLC Unit Percentage” shall mean, the percentage of Units (as defined in
the Management LLC Agreement) then allocated under the Management LLC Agreement (obtained by
dividing the number of Units then issued and outstanding by the total number of authorized Units).
By way of illustration, if Management LLC has issued and outstanding 80 of 100 Units, the
“Allocated Management LLC Unit Percentage” would be 80% (80/100).

     “Arbitrator” is defined in Section 9.11.8.

     “Asset Value” of any tangible or intangible property of the Company or a Series (including
goodwill) shall mean its adjusted basis for federal income tax purposes unless:

1

 

     (a) the property was accepted by the Company or such Series as a contribution to
capital at a value different than its adjusted basis in which event the initial Asset Value
for such property shall mean the gross fair market value of the property agreed to by the
Company or such Series and the contributing Member; or

     (b) the property of the Company or such Series is revalued in accordance with Section
3.11, in which case the Asset Value for such property shall mean the Asset Value of the
property determined thereunder.

As of any date, references to the “then prevailing Asset Value” of any property shall mean the
Asset Value last determined for such property less the depreciation, amortization and cost recovery
deductions taken into account in computing Net Profit or Net Loss in fiscal periods subsequent to
such prior determination date.

     “Assignee” shall mean a Person that has validly acquired a Series Interest from a Member
pursuant to a Transfer permitted under the terms of this Agreement but who has not become a Member
of such Series pursuant to the terms of this Agreement.

     “Cause” means, in the case of any employee or other service provider who was issued Units as
consideration for such Person’s Employment or services rendered to or on behalf of the Company or
its Affiliates, “Cause” as defined in such Person’s written contract of Employment or engagement,
if any, as may be in effect at the time of the occurrence of any acts or omissions that may
constitute “Cause”; provided, however, that in the case of any Person who is not party to any such
written contract or whose written contract does not contain a definition of “Cause,” “Cause” shall
mean any of the following, as determined by the Company Manager in good faith: (a) fraud,
embezzlement, material dishonesty, conviction or pleading of nolo contendere to a felony or a crime
involving moral turpitude or (b) a material breach of, a material failure to perform, or material
negligence in performance of, the duties of Employment or other engagement by the Company or any of
its Affiliates.

     “Certificate” is defined in the recitals.

     “CHEC” means Centex Home Equity Company, LLC.

     “Class,” when used with reference to a Unit, shall mean the Series and Class of Units of which
such Unit is a part.

     “Class A Approval” shall mean the approval of each of (i) the Majority Class A Holders and
(ii) the Majority Management Holders.

     “Class A Holder” means any holder of a Class A Unit.

     “Class A Transfer” is defined in Section 9.6.

     “Class A Units” shall mean, collectively, the Series 1 Class A Units and the Series 2 Class A
Units.

2

 

     “Class A Voting Interest” shall mean with respect to a Member at any time (a) with respect to
the Company as a whole, the aggregate number of Series 1 Class A and Series 2 Class A Units held by
such Member divided by the aggregate number of all Series 1 Class A and Series 2 Class A Units or
(b) with respect to a particular Series, the aggregate number of such Member’s Units of such Series
divided by the aggregate number of all Class A Units of such Series.

     “Class B Approval” shall mean the approval of the Majority Class B Holder Members.

     “Class B Fair Market Value Objection” is defined in Section 9.13.7.

     “Class B Holder” shall mean Management LLC.

     “Class B Holder Members” shall mean the members of Management LLC.

     “Class B Termination Redemption Right” is defined in Section 9.13.1.

     “Class B Units” shall mean the Series 1 Class B Units and the Series 2 Class B Units.

     “Class C Preferred Approval” shall mean the approval of the Majority Class C Preferred
Holders.

     “Class C Preferred Holder” means any holder of a Class C Preferred Unit.

     “Class D Preferred Approval” shall mean the approval of the Majority Class D Preferred
Holders.

     “Class D Preferred Holder” means any holder of a Class D Preferred Unit.

     “Closing” shall mean the consummation of the transaction contemplated by the Securities
Purchase Agreement.

     “Code” or “Internal Revenue Code” shall mean the Internal Revenue Code of 1986, as amended
from time to time, and the corresponding provisions of any future federal tax law.

     “Company” is defined in the introductory paragraph to this Agreement.

     “Company Manager” means the Manager of the Company.

     “Company Match Class A Units” shall mean, collectively, those Series 1 Class A Units and
Series 2 Class A Units granted to a Management Holder.

     “Complete Series 1 Fortress Sale” is defined in Section 9.14.1.

     “Complete Series 2 Fortress Sale” is defined in Section 9.14.2.

     “Deemed Series 1 Sale Proceeds” means, as of a particular date, the proceeds that would be
received upon a Sale of all Series 1 Class A Units held by the Fortress Holders and

3

 

Management Holders as of such date and assuming that such Units were sold at the Fair Market
Value of such Units as of such date.

     “Deemed Series 2 Sale Proceeds” means, as of a particular date, the proceeds that would be
received upon a Sale of all Series 2 Class A Units held by the Fortress Holders and Management
Holders as of such date and assuming that such Units were sold at the Fair Market Value of such
Units as of such date.

     “Deemed Series 1 Class B Sale Proceeds” means, as of a particular date, that portion of the
Deemed Series 1 Sale Proceeds, if any, that the Class B Holder would receive in respect of a
particular Management LLC Member’s Affected Allocated Class B Interest in Series 1 if the Deemed
Series 1 Sale Proceeds were distributed by the Company or Series 1 pursuant to the terms of Section
7.2.

     “Deemed Series 2 Class B Sale Proceeds” means, as of a particular date, that portion of the
Deemed Series 2 Sale Proceeds, if any, that the Class B Holder would receive in respect of a
particular Management LLC Member’s Affected Allocated Class B Interest in Series 2 if the Deemed
Series 2 Sale Proceeds were distributed by the Company or Series 2 pursuant to the terms of Section
7.3.

     “Designated Management Holders” means Anthony Barone, Jesse Bray, Amarkumar Patel and Robert
L. Appel.

     “Disability” means, in the case of any employee or other service provider who was issued Units
as consideration for such Person’s Employment or services rendered to or on behalf of the Company
or its Affiliates, “Disability” as defined in such Person’s written contract of Employment or
engagement, if any, as may be in effect at the time of the occurrence of any acts or omissions that
may constitute “Disability”; provided, however, that in the case of any Person who is not party to
any such written contract or whose written contract does not contain a definition of “Disability,”
“Disability” shall mean any of the following, as determined by the Manager in good faith: such
Person’s inability, due disability or incapacity, to perform all of his duties hereunder on a
full-time basis (i) for periods aggregating 90 days, whether or not continuous, in any continuous
period of 365 days or (ii) where such Person’s absence is adversely affecting the performance of
the Company or its Subsidiaries in a significant manner for periods greater than 30 days and such
Person does not resume his duties on a full-time basis within 10 days of receipt of written notice
of the Company’s determination under this clause (ii).

     “Distributable Cash Flow” means, with respect to each Series, for any period or at any time,
such portion of the cash on hand or in bank accounts of such Series that: (a) has been derived
from and in connection with the assets or activities of such Series; and (b) in the reasonable
judgment of the applicable Series Manager, is available for distribution to its Members after
reasonable provision has been made for the current liabilities, obligations, and operating expenses
of the Series and reasonable reserves (in the reasonable judgment of the Series Manager) have been
established for the operating expenses, obligations, and liabilities of such Series.

4

 

     “Distribution” shall mean, with respect to a Series, cash or property (net of liabilities
assumed or to which the property is subject) distributed to a Member in respect of the Member’s
Series Interest in such Series, but shall not include (i) any transfer of REMIC regular interests
from one Series to the other, whether such transfer is effected by a transfer to the Members of
such Series and subsequent contribution from such Members to the other Series or by a direct
transfer from such Series to the other Series or (ii) any distributions of cash or other assets to
Members of a Series that is approximately contemporaneously contributed to that Series or the other
Series.

     “Drag Along Notice” is defined in Section 9.7.2.

     “Drag Along Sale Percentage” is defined in Section 9.7.1.

     “Drag Along Sellers” is defined in Section 9.7.3.

     “Economic Interest” shall mean all of the rights of an Assignee with respect to a Series
Interest.

     “Effective Date” shall have the meaning set forth in the first paragraph of this Agreement.

     “Electing Management Holder” is defined in Section 9.12.1.

     “Election Member” is defined in Section 8.7(a).

     “Employment” shall mean an individual’s employment or other service relationship with the
Company or any of its Subsidiaries. An employee will be deemed to cease Employment when the
individual incurs a “separation from service” from the applicable service recipient for purposes of
Sections 409A and 457A of the Code.

     “Equity Purchase Agreement” means the Equity Purchase Agreement dated on or about the date
hereof between the Company and a particular Member.

     “Fair Market Value” shall mean, (a) with respect to cash, the amount thereof, (b) with respect
to all other consideration, the fair market value thereof as determined as of the applicable
reference date in good faith by the applicable Manager. If such determination is with respect to
securities for which there is no established trading market, then it shall be made by reference to
prevailing conditions in capital markets generally, including (to such extent, if any, as the
applicable Manager in good faith deems relevant) the possibility of a public offering for such
securities or a private sale of such securities, and financial statements of the issuer thereof
prepared on a pro forma basis after giving effect to the events in question and considering, among
other factors, the price per security paid by a bona fide, non-Affiliate purchaser in an
arms’-length transaction, the existence and nature of any recent or pending transactions or
transaction proposals, book value, replacement value, earnings and the value of future cash flows
of such issuer as an on-going enterprise, both the sale of various combinations of the individual
assets of such issuer as well as a sale of such issuer as a whole, and shall make no deduction,
discount or other subtraction whatsoever for the possible minority status of the holder of such
security or for any lack of marketability of such security (other than by virtue of conditions in

5

 

capital markets generally) or any restrictions on the transfer thereof; provided, however,
that if such determination is with respect to securities of, or a direct or indirect interest in,
the Company or any Series and is being made at the time of a sale of material amount of similar
securities of, or a similar direct or indirect interest in, the Company or any Series to a bona
fide purchaser which is not an Affiliate of the Seller, then the Fair Market Value of such security
or interest shall be conclusively deemed to be the Fair Market Value of the consideration being
paid by such purchaser. Additionally, such determination shall be made without consideration of
premiums for control or discounts for minority interests or other disparities in valuation arising
from the distinctive characteristics of a particular class of securities (other than (x) any
preferences upon a sale or liquidation of the Company or a Series or (y) differences in rights to
Distributions, all of which shall be taken into effect in making such determination).

     “Fair Market Value Objection” is defined in Section 9.11.7.

     “Fortress Holders” means, Fortress Investment Fund III LP, Fortress Investment III (Fund B)
LP, Fortress Investment III (Fund C) LP, Fortress Investment III (Fund D) L.P., Fortress Investment
III (Fund E) LP, Fortress Investment Fund IV (Fund A) L.P., Fortress Investment Fund IV (Fund B)
L.P., Fortress Investment Fund IV (Fund C) L.P., Fortress Investment Fund IV (Fund D) L.P.,
Fortress Investment Fund IV (Fund E) L.P., Fortress Investment Fund IV (Fund F) L.P. and Fortress
Investment Fund IV (Fund G) L.P.

     “Fortress Series 2 Class A Distribution Percentage” means, as of the date of a Distribution
from Series 2, the percentage equal to 100 minus the Series 2 Class B Distribution Percentage (as
of such date). By way of illustration, if the Series 2 Class B Distribution Percentage is 8.25%,
the Fortress Series 2 Class A Distribution Percentage would be 91.75% (100%-8.25%).

     “Fortress Series 1 Distribution Percentage” means, as of the date of a Distribution from
Series 1, the percentage equal to 100 minus the Series 1 Class B Distribution Percentage (as of
such date). By way of illustration, if the Series 1 Class B Distribution Percentage is 8.25%, the
Fortress Series 1 Distribution Percentage would be 91.75% (100%-8.25%).

     “Fourth Amended and Restated Agreement” is defined in the recitals.

     “Further Investment” is defined in Section 3.16.

     “Good Reason” means, in the case of any employee or other service provider who was issued
Units as consideration for such Person’s Employment or services rendered to or on behalf of the
Company or its Affiliates, “Good Reason” as defined in such Person’s written contract of Employment
or engagement, if any, as may be in effect at the time of the occurrence of any acts or omissions
that may constitute “Good Reason”; provided, however, that in the case of any Person who is not
party to any such written contract or whose written contract does not contain a definition of “Good
Reason,” “Good Reason” shall mean any of the following, as determined by the Manager in good faith:
(i) a material reduction in such Person’s base salary or (B) any relocation of such Person more
than 50 miles from such Person’s existing place of Employment.

     “Indemnified Persons” is defined in Section 13.1.

6

 

     “Initial Capital Account” is defined in Section 3.5.

     “Initial Public Offering” shall mean a public offering and sale of equity securities of any
successor to the Company for cash pursuant to an effective registration statement under the
Securities Act of 1933, as amended, registered on Form S-1 (or any successor form under said
Securities Act).

     “Initial Series 1 Liquidity Distribution” means an amount equal to (a) the Series 1 Class B
Distribution Percentage divided by 10 multiplied by the amount of the Fortress Holders’ and
Management Holders’ Invested Capital in Series 1 minus (b) any proceeds received by the Class B
Holder pursuant to any Sale of Series 1 Class A Units pursuant to Section 9.15.

     “Initial Series 2 Liquidity Distribution” means an amount equal to (a) the Series 2 Class B
Distribution Percentage divided by 10 multiplied by the amount of the Fortress Holders’ and
Management Holders’ Invested Capital in Series 2 minus (b) any proceeds received by the Class B
Holder pursuant to any Sale of Series 2 Class A Units pursuant to Section 9.15.

     “Invested Capital” shall mean, with respect to each Series and each Member of such Series, the
amount invested in such Series (including by way of the purchase price paid for Series Interests in
such Series) by such Member, plus all subsequent cash or other contributions (including
in-kind contributions and the value of any services contributed) made to such Series by such
Member, and minus, in the case of Series 1 Class C Preferred Units, the aggregate amount of
all distributions paid to Class C Preferred Holders pursuant to Section 7.2(ii)(y), and in the case
of Series 1 Class D Preferred Units, the aggregate amount of all distributions paid to Class D
Preferred Holders pursuant to Section 7.2(i)(y). For the avoidance of doubt, “Invested Capital”
shall not include (i) any amount invested in a Series pursuant to a transfer of REMIC regular
interests from one Series to the other, whether such transfer is effected by a transfer to the
Members of such Series and subsequent contribution from such Members to the other Series or by a
direct transfer from such Series to the other Series, or (ii) any amount that was invested in a
Series that is distributed to Members of such Series or another Series and is approximately
contemporaneously contributed to or invested in that Series or the other Series.

     “Issuance” shall mean any issuance by the Company or a Series of Units and the term “Issue” or
“Issued” shall have correlative meanings.

     “Majority Class A Holders” shall mean the holders of a majority of the Class A Voting
Interests.

     “Majority Class B Holder Members” shall mean the holders of at least 66 2/3% of the Membership
Units (as defined in the Management LLC Agreement) held by all Management LLC Members at a given
time.

     “Majority Class C Preferred Holders” shall mean the holders of a majority of the Class C
Preferred Units.

     “Majority Class D Preferred Holders” shall mean the holders of a majority of the Class D
Preferred Units.

7

 

     “Majority Management Holders” shall mean the holders of at least 66 2/3% of the Class A Voting
Interests held by all Management Holders at a given time.

     “Management Holder” shall mean each Designated Management Holder and each holder of Class A
Units whose primary Employment responsibilities were, as of December 31, 2008, to CHEC and its
Subsidiaries, each of whom is identified on Schedule 3.7 (which shall be supplemented and
amended from time to time) and any Person who acquires Class A Units from a Management Holder in
accordance with the terms of this Agreement.

     “Management LLC” means Nationstar Investment Holdings LLC, a Delaware limited liability
company.

     “Management LLC Agreement” means the limited liability company agreement dated on or about the
date hereof (as hereafter may be amended) among Management LLC and the other parties thereto.

     “Management LLC Member” means a member of Management LLC.

     “Management Loan” is defined in Section 9.12.1.

     “Manager” means, the Company Manager and the Series Manager, as the case may be, as determined
by the Majority Class A Holders or Series Majority Class A Holders, respectively.

     “Mandatory Series Capital Contribution” is defined in Section 3.6.

     “Material Subsequent Investment” means any contribution of or investment in Invested Capital
into the Company, Series 1 or Series 2, excluding the Transaction Related Invested Capital, which
shall exceed $5 million with respect to any single contribution or investment or any related or
approximately contemporaneous contributions or investments, or which shall exceed $20 million with
respect to all contributions into the Company, Series 1 and Series 2, in the aggregate.

     “Members” shall mean those Persons admitted as members of a Series pursuant to Section 2.7 or
Section 10.1 or shall mean the Persons to whom a Series has issued Units pursuant to a writing
signed by a Person authorized by the applicable Manager and who have been admitted as members of
such Series and in each case are identified on the books and records of the Company and such Series
as members of the Company or such Series, in each such Person’s capacity as a member of the Company
or such Series.

     “Members of the Immediate Family” shall mean, with respect to any individual, (i) each spouse,
child or grandchild of such individual, child or grandchild of such individual’s spouse, or spouse
of any child or grandchild of such individual or such individual’s spouse, (ii) each trust created
solely for the benefit of one or more of such individual and the Persons listed in clause (i)
above, (iii) each custodian or guardian of any property of one or more of the Persons listed in
clause (i) above, in his capacity as such custodian or guardian and (iv) each limited partnership
or limited liability company controlled by such individual or one or more of the Persons listed in
clause (i) above for the benefit of one or more of such Persons.

8

 

     “Net Profit” and “Net Loss” are defined in Section 7.8.

     “Objecting Class B Holder” is defined in Section 9.13.4.

     “Objecting Management Holder” is defined in Section 9.11.7.

     “Participating Buyer” is defined in Section 9.9.2.

     “Participating Seller” is defined in Sections 9.6.3 and 9.7.3.

     “Participation Commitment” is defined in Section 9.9.2.

     “Participation Notice” is defined in Section 9.9.1.

     “Participation Portion” is defined in Section 9.9.1(b).

     “Person” shall mean an individual, partnership, joint venture, association, corporation,
trust, estate, limited liability company, limited liability partnership, or any other legal entity.

     “Pre-Transaction Value” of a Unit shall mean: (a) if being calculated in connection with a
Transfer of a material number of Units, an amount calculated based on the aggregate consideration
to be paid in respect of all Units being Transferred in the applicable transaction, the aggregate
value of all of the equity of the Series derived from such aggregate consideration, and the
relative amounts which would be paid in respect of each Series and Class of Units were such
aggregate value of all such equity to be paid out in accordance with the provisions of Section 7.2,
but shall not take into account any differences in voting rights or any other rights other than
such rights upon a liquidation of the Company or a Series; and (b) in all other events, the Fair
Market Value thereof.

     “Preferred Transfer” is defined in Section 9.6.

     “Preferred Yield Net Profit” is defined in Section 7.8.

     “Preferred Yield Net Profit Allocation” is defined in Section 7.8.

     “Previous Agreements” is defined in the recitals.

     “Proposed Rules” is defined in Section 8.7(a).

     “Prospective Buyer” is defined in Section 9.7.1.

     “Prospective Selling Holder” is defined in Sections 9.6.1 and 9.7.1.

     “Public Offering” means a public offering and sale of the common equity of the Company (or a
successor corporation) for cash registered under the Securities Act.

     “Public Sale” means a Public Offering or a Sale to the public pursuant to and in compliance
with Rule 144 or any successor rule promulgated under the Securities Act.

9

 

     “Purchased Units” is defined in Section 9.11.3.

     “Qualified Public Offering” shall mean a Public Offering, other than any Public Offering or
sale pursuant to a registration statement on Form S-8 or comparable form, in which the aggregate
price to the public of all such common equity sold in such offering shall exceed $125,000,000.

     “Regulation” is defined in Section 5.5.

     “Regulation D” means Regulation D under the Securities Act.

     “Regulatory Allocation” is defined in Section 7.9.

     “Regulations” or “Treasury Regulations” shall mean the Treasury regulations, including
temporary regulations, promulgated under the Code, as such regulations may be amended from time to
time (including the corresponding provisions of any future regulations).

     “Rev. Proc. 93-27” is defined in Section 3.7.2.

     “Sale” is defined in Section 9.6.1, and “Sell” means to effect a Sale.

     “Sale of a Series” shall mean a bona fide, arm’s length transaction or series of transactions
that results in any Person or group of Persons (as the term “group” is used under the Securities
and Exchange Act of 1934, as amended) (other than, in the case of clause (i) below, a current
Member) acquiring (including by merger, consolidation, share exchange, sale of assets or transfer
of a Series’ Units): (i) (y) ownership of a majority of the then outstanding Class A Units of a
Series or (z) beneficial ownership of capital stock, or other equity interests in, the entity
surviving a merger, consolidation, share exchange or the voting power under normal circumstances to
elect a majority of such surviving entity’s board of directors, managers or trustees or (ii) all or
substantially all of the assets of any Series or the Company and its Subsidiaries.

     “Safe Harbor Election” is defined in Section 8.7(a).

     “Secretary” is defined in Section 8.2.1.

     “Securities Act” shall mean the Securities Act of 1933, as amended.

     “Securities Purchase Agreement” shall mean that certain Securities Purchase Agreement dated as
of March 30, 2006 among Centex Home Equity Company, LLC, Centex Financial Services, LLC and the
Company.

     “Series” shall mean a separate and distinct series of the Company established either by this
Agreement or by the Company Manager after the date hereof.

     “Series 1 Class A Units” is defined in Section 3.7.1(a).

10

 

     “Series 1 Class B Distribution Percentage” shall mean at the date of a Distribution from
Series 1, the percentage equal to (a) the lesser of (i) the number of Series 1 Class A Units issued
for the Transaction Related Invested Capital (which, for the avoidance of doubt, shall not include
any Company Match Class A Units) or (ii) the total number of Series 1 Class A Units then
outstanding and held by the Fortress Holders and Management Holders, multiplied by (b) the then
current Allocated Management LLC Unit Percentage multiplied by (c) 6.3595% divided by (d) the total
number of Series 1 Class A Units (which shall not include any Company Match Class A Units) then
outstanding and held by the Fortress Holders and Management Holders.  By way of
illustration, if (w) 600 Series 1 Class A Units were received for the Transaction Related Invested
Capital, (x) 750 Series 1 Class A Units are outstanding and held by the Fortress Holders and
Management Holders and (y) the Allocated Management LLC Unit Percentage is ninety percent (90%),
the “Series 1 Class B Distribution Percentage” would be 4.843% (600*90%*6.3595%/700).

     “Series 1 Class B Units” is defined in Section 3.7.1(b).

     “Series 1 Class C Preferred Units” is defined in Section 3.7.1(c).

     “Series 1 Class D Preferred Units” is defined in Section 3.7.1(d).

     “Series 1 Company Match Class A Units” shall mean those Series 1 Class A Units granted to a
Management Holder and set forth under the heading “Series 1 Company Match Class A Units” in
Schedule 3.7 hereto, as supplemented from time to time.

     “Series 1 Class C Preferred Priority Return” shall mean the Invested Capital attributable to a
Series 1 Class C Preferred Unit together with the Series 1 Class C Preferred Yield for such Series
1 Class C Preferred Unit.

     “Series 1 Class C Preferred Yield” with respect to a Series 1 Class C Preferred Unit shall
mean the amount accruing on such Series 1 Class C Preferred Unit on a daily basis, at the rate of
15.0% per annum, compounded (to the extent not then paid) on the last day of each calendar year, on
(a) the Invested Capital attributable to such Series 1 Class C Preferred Unit plus (b) the Series 1
Class C Preferred Yield thereon for all prior years to the extent such Series 1 Class C Preferred
Yield has not been distributed to the holder of such Series 1 Class C Preferred Unit pursuant to
Section 7.2(ii). In determining the amount of Series 1 Class C Preferred Yield during a year, such
Series 1 Class C Preferred Unit’s Series 1 Class C Preferred Yield for the portion of such year
elapsing before such determination is made shall be included as part of such Series 1 Class C
Preferred Unit’s Series 1 Class C Preferred Yield.

     “Series 1 Class D Preferred Priority Return” shall mean the Invested Capital attributable to a
Series 1 Class D Preferred Unit together with the value of the Series 1 Class D Preferred Yield for
such Series 1 Class D Preferred Unit.

     “Series 1 Class D Preferred Yield” with respect to a Series 1 Class D Preferred Unit shall
mean the amount accruing on such Series 1 Class D Preferred Unit on a daily basis, at the rate of
20.0% per annum, compounded (to the extent not then paid) on the last day of each calendar year, on
(a) the Invested Capital attributable to such Series 1 Class D Preferred Unit plus (b) the

11

 

Series 1 Class D Preferred Yield thereon for all prior years to the extent that cash or other
assets equal in value to such Series 1 Class D Preferred Yield has not been distributed to the
holder of such Series 1 Class D Preferred Unit pursuant to Section 7.2(i). In determining the
amount of Series 1 Class D Preferred Yield during a year, such Series 1 Class D Preferred Unit’s
Series 1 Class D Preferred Yield for the portion of such year elapsing before such determination is
made shall be included as part of such Series 1 Class D Preferred Unit’s Series 1 Class D Preferred
Yield.

     “Series 1 Priority Return” shall mean an amount equal to (i) the Invested Capital of the
Fortress Holders in Series 1 plus (ii) the product of 10% and such Invested Capital; less
any proceeds received by the Fortress Holders pursuant to any Sale of Series 1 Class A Units
(whether or not the same shall constitute a Sale of a Series hereunder), and not including any such
proceeds paid to the Class B Holder pursuant to Section 9.15.

     “Series 2 Class A Units” is defined in Section 3.7.1(b).

     “Series 2 Class B Distribution Percentage” shall mean at the date of a Distribution from
Series 2, the percentage equal to (a) the lesser of (i) the number of Series 2 Class A Units issued
for the Transaction Related Invested Capital (which, for the avoidance of doubt, shall not include
any Company Match Class A Units) or (ii) the total number of Series 2 Class A Units then
outstanding and held by the Fortress Holders and Management Holders multiplied by (b) the then
current Allocated Management LLC Unit Percentage multiplied by (c) 6.3595% divided by (d) the total
number of Series 2 Class A Units (which shall not include any Company Match Class A Units) then
outstanding and held by the Fortress Holders and Management Holders. By way of illustration, if
(w) 550 Series 2 Class A Units were received for the Transaction Related Invested Capital, (x) 650
Series 2 Class A Units are outstanding and held by the Fortress Holders and Management Holders and
(y) the Allocated Management LLC Unit Percentage is ninety percent (90%), the “Series 2 Class B
Distribution Percentage” would be 4.843% (550*90%*6.3595%/650).

     “Series 2 Class B Units” is defined in Section 3.7.2(b).

     “Series 2 Company Match Class A Units” shall mean those Series 2 Class A Units granted to a
Management Holder and set forth under the heading “Series 2 Company Match Class A Units” in
Schedule 3.7 hereto, as supplemented from time to time.

     “Series 2 Priority Return” shall mean an amount equal to (i) the Invested Capital of the
Fortress Holders in Series 2 plus (ii) the product of 10% and such Invested Capital; less
any proceeds received by the Fortress Holders pursuant to any Sale of Series 1 Class A Units
(whether or not the same shall constitute a Sale of a Series hereunder), and not including any such
proceeds paid to the Class B Holder pursuant to Section 9.15.

     “Series Capital Account” is defined in Section 3.10.

     “Series Class A Approval” shall mean, with respect to actions to be taken by the Members of a
particular Series, the approval of each of (i) the Series Majority Class A Holders of such Series
and (ii) the Series Majority Management Holders of such Series.

12

 

     “Series Class A Voting Interest” shall mean with respect to a Series and a Member at any time,
the aggregate number of such Member’s Class A Units for such Series divided by the aggregate number
of all Class A Units of such Series.

     “Series Interest” means, with respect to a Member, such Member’s equity interest in the assets
and liabilities of a particular Series (and not any interest such Member may have as the holder of
debt).

     “Series Liability” is defined in Section 3.4(a).

     “Series Manager” means, with respect to a given Series, the Manager of such Series.

     “Series Majority Class A Holders” shall mean the holders of a majority of the Class A Voting
Interests of a particular Series.

     “Series Majority Management Holders” shall mean the holders of a majority of the Class A
Voting Interests of a particular Series held by all Management Holders at a given time.

     “Series Property” shall mean, as to any Series, at any particular time, all interests,
properties (whether tangible or intangible, and whether real, personal or mixed) and rights of any
type contributed to or acquired by such Series and owned or held by or for the account of such
Series, whether owned or held by or for the account of such Series as of the date of the formation
or establishment thereof or thereafter contributed to or acquired by such Series.

     “Set Aside Capital” is defined in Section 3.16.

     “Specified Defined Terms” is defined in Section 11.3.5.

     “Subject Securities” is defined in Section 9.9.

     “Subsidiary” shall mean any Person which the Company (or other specified Person), directly or
indirectly through Subsidiaries or otherwise, beneficially owns more than 50% of the equity
interests entitled to vote generally or which is controlled, either directly or indirectly, by the
Company (or other specified Person).

     “Tag Along Notice” is defined in Section 9.6.2.

     “Tag Along Offer” is defined in Section 9.6.3.

     “Tag Along Offerors” is defined in Section 9.6.2.

     “Tag Along Sellers” is defined in Section 9.6.3.

     “Tax Distribution” is defined in Section 7.4.

     “Tax Matters Member” is defined in Section 8.1.

13

 

     “Transaction Related Invested Capital” shall mean all Invested Capital contributed or
otherwise invested by the Fortress Holders or Management Holders in the Company or a Series in
connection with the transactions contemplated by the Securities Purchase Agreement or Invested
Capital contributed or otherwise invested by the Fortress Holders or Management Holders in the
Company or a Series on or prior to December 31, 2008.

     “Transfer” shall mean a sale, assignment, pledge, encumbrance, abandonment, disposition or
other transfer, whether voluntarily, involuntarily, by operation of law, pursuant to judicial
process or otherwise, including any interspousal transfer incident to a dissolution of marriage,
and may be used either as a verb or a noun.

     “Unaccepted Participation Portion” is defined in Section 9.9.8.

     “Unit” shall mean each of the Class A Units, Class B Units, Class C Preferred Units, Class D
Preferred Units and any other Class of Units which represent a Series Interest in the Company and
which may from time to time be outstanding herewith. Reference to any Unit shall include a portion
of such Unit.

     “Unit Certificate” shall mean a non-negotiable certificate issued by a Series in the form
approved by the Series Manager that evidences the ownership of one or more Units in such Series.

     “Valuation Expert” is defined in Section 9.11.8.

     “Wall-Off Election” is defined in Section 3.16.

14

 

Schedule 3.3

Description of Series Property

Series 1: All of the equity interests in Nationstar Mortgage LLC.

Series 2: All of the equity interests in Nationstar Regular Holdings Ltd.

1

 

Schedule 3.7

Units and Consideration

As of the Effective Date

SERIES 1:

Class A Units

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Company Match Class A	 	Company Match Class A	 	 
	 	 	 	 	 	 	Units Issued Prior to	 	Units Issued on the	 	 
	 	 	 	 	 	 	the Effective	 	Effective	 	 
	Member	 	Class A Units	 	Date(1)(2)	 	Date(1)(3)	 	Consideration
	Fortress Investment Fund
III LP
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund
III (Fund D) LP
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund
III (Fund E) LP
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	FIF III B HE BLKR LLC
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	FIF III C HE BLKR LLC
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund
IV (Fund A) L.P.
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund
IV (Fund D) L.P.
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund
IV (Fund E) L.P.
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	FIF IV B HE BLKR LLC
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	FIF IV CFG HE BLKR LLC
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Anthony Barone
	 	 	67,775	 	 	 	 	 	 	 	136,993	 	 		1,586,661	 
	Jesse Bray
	 	 	17,427	 	 	 	 	 	 	 	153,212	 	 		407,998	 
	Robert Frye
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Steven Hess
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Steven Mix
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Anne
Sutherland
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Mark
O’Brien
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Richard
Cardillo
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	James
Gallagher
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*] 	 
	John Butler
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Robert Smith
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Michael
Eckrote
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Amarkumar Patel
	 	 	3,319	 	 	 	 	 	 	 	64,937	 	 		181,333	 
	Shawn Stone
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Robert L. Appel
	 	 	 	 	 	 	 	 	 	 	102,384	 	 	 	 	 

 

			
	(1)	 	No consideration was paid in respect of any Company Match Class A Units.
	 
	(2)	 	Vesting of Company Match Class A Units issued prior to the Effective Date shall occur as
follows, unless the applicable Management Holder provides the Company with written notice of
his or her election to forfeit such vesting Company Match Class A Units prior to the
applicable vesting date (the “Vesting Schedule”) and if a Management Holder elects to so
forfeit such vesting Company Match Class A Units, the schedules hereto shall be updated by the
Company without any further action on the part of the Company or any Management Holder:
	 
	*	 	[Confidential treatment requested]

1

 

	 	 	 	 	 
	Months of continuous Employment with CHEC	 	Vested Percentage
	[*]
	 	 	[*	]
	[*]
	 	 	[*	]
	[*]
	 	 	[*	]
	[*]
	 	 	[*	]

 

			
	(3)	 	Vesting of Company Match Class A Units issued on the Effective Date shall occur on September
17, 2010, June 30, 2011 and June 30, 2012, in the respective amounts indicated below:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Member	 	September 17, 2010	 	June 30, 2011	 	June 30, 2012
	Anthony Barone
	 	 	481	 	 	 	68,256	 	 	 	68,256	 
	Jesse Bray
	 	 	39,452	 	 	 	56,880	 	 	 	56,880	 
	Amarkumar Patel
	 	 	19,433	 	 	 	22,752	 	 	 	22,752	 
	Robert L. Appel
	 	 	34,128	 	 	 	34,128	 	 	 	34,128	 

 

			
	(4)	 	Steven Hess has waived his rights to [*] Company Match Class A Units that would have rested
after 48 months of continuous employment with CHEC. The amount in the table above reflects
this.

     Class B Units

	 	 	 	 	 	 	 	 	 
	Member	 	Class B Units	 	Consideration
	Nationstar Investment
Holdings LLC
	 	 	[*]	 	 	[*]

     Class C Preferred Units

	 	 	 	 	 	 	 	 	 
	Member	 	Class C Preferred Units	 	Consideration
	Fortress Investment Fund III LP
	 	 	[*]	 	 		[*]	 
	Fortress Investment Fund III (Fund D) LP
	 	 	[*]	 	 		[*]	 
	Fortress Investment Fund III (Fund E) LP
	 	 	[*]	 	 		[*]	 
	FIF III B HE BLKR LLC
	 	 	[*]	 	 		[*]	 
	FIF III C HE BLKR LLC
	 	 	[*]	 	 		[*]	 
	Fortress Investment Fund IV (Fund A) L.P.
	 	 	[*]	 	 		[*]	 
	Fortress Investment Fund IV (Fund D) L.P.
	 	 	[*]	 	 		[*]	 
	Fortress Investment Fund IV (Fund E) L.P.
	 	 	[*]	 	 		[*]	 
	FIF IV B HE BLKR LLC
	 	 	[*] 	 	 		[*]	 
	FIF IV CFG HE BLKR LLC
	 	 	[*]	 	 		[*]	 

Class D Preferred Units

	 	 	 	 	 	 	 	 	 
	Member	 	Class D Preferred Units	 	Consideration
	Fortress Investment Fund III LP
	 	 	[*]	 	 		[*]	 
	Fortress Investment Fund III (Fund D) LP
	 	 	[*]	 	 		[*]	 
	Fortress Investment Fund III (Fund E) LP
	 	 	[*]	 	 		[*]	 
	FIF III B HE BLKR LLC
	 	 	[*]	 	 		[*]	 
	FIF III C HE BLKR LLC
	 	 	[*]	 	 		[*]	 
	Fortress Investment Fund IV (Fund A) L.P.
	 	 	[*]	 	 		[*]	 
	Fortress Investment Fund IV (Fund D) L.P.
	 	 	[*]	 	 		[*]	 
	Fortress Investment Fund IV (Fund E) L.P.
	 	 	[*]	 	 		[*]	 
	FIF IV B HE BLKR LLC
	 	 	[*]	 	 		[*]	 
	FIF IV CFG HE BLKR LLC
	 	 	[*]	 	 		[*]	 

 

* [Confidential treatment requested]

2

 

SERIES 2:

     Class A Units

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Company Match Class A	 	Company Match Class A	 	 
	 	 	 	 	 	 	Units Issued Prior to	 	Units Issued On the	 	 
	 	 	 	 	 	 	the Effective	 	Effective	 	 
	Member	 	Class A Units	 	Date(1)(2)	 	Date(1)(3)	 	Consideration
	Fortress Investment Fund III LP
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund III (Fund B) LP
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund III (Fund C) LP
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund III (Fund D) LP
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund III (Fund E) LP
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund IV (Fund A)
L.P.
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund IV (Fund B)
L.P.
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund IV (Fund C)
L.P.
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund IV (Fund D)
L.P.
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund IV (Fund E)
L.P.
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund IV (Fund F)
L.P.
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Fortress Investment Fund IV (Fund G)
L.P.
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Anthony Barone
	 	 	12,667	 	 	 	 	 	 	 	25,607	 	 		1,913,339	 
	Jesse Bray
	 	 	3,258	 	 	 	 	 	 	 	28,637	 	 		492,002	 
	Robert J. Frye
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Steven Hess(4)
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Steven Mix
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Anne Sutherland
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Mark O’Brien
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Richard Cardillo
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	James Gallagher
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	John Butler
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Robert Smith
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Michael Eckrote
	 	 	[*]	 	 	 	 	 	 	 	 	 	 		[*]	 
	Amarkumar Patel
	 	 	621	 	 	 	 	 	 	 	12,137	 	 		218,667	 
	Shawn Stone
	 	 	[*]	 	 	 	[*]	 	 	 	 	 	 		[*]	 
	Robert L. Appel
	 	 	 	 	 	 	 	 	 	 	19,137	 	 	 	 	 

 

			
	(1)	 	No consideration was paid in respect of any Company Match Class A Units.
	 
	(2)	 	Vesting of Company Match Class A Units issued prior to the Effective Date shall occur as
follows, unless the applicable Management Holder provides the Company with written notice of
his or her election to forfeit such vesting Company Match Class A Units prior to the
applicable vesting date (the “Vesting Schedule”) and if a Management Holder elects to so
forfeit such vesting Company Match Class A Units, the schedules hereto shall be updated by the
Company without any further action on the part of the Company or any Management Holder:

	 	 	 	 	 
	Months of continuous Employment with CHEC	 	Vested Percentage
	[*]
	 	 	[*	]
	[*]
	 	 	[*	]
	[*]
	 	 	[*	]
	[*]
	 	 	[*	]

 

			
	(3)	 	Vesting of Company Match Class A Units issued on the Effective Date shall occur on September
17, 2010, June 30, 2011 and June 30, 2012, in the respective amounts indicated below:
	 
	*	 	[Confidential treatment requested]

3

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Member	 	September 17, 2010	 	June 30, 2011	 	June 30, 2012
	Anthony Barone
	 	 	91	 	 	 	12,758	 	 	 	12,758	 
	Jesse Bray
	 	 	7,373	 	 	 	10,631	 	 	 	10,633	 
	Amarkumar Patel
	 	 	3,631	 	 	 	4,252	 	 	 	4,254	 
	Robert L. Appel
	 	 	6,379	 	 	 	6,379	 	 	 	6,379	 

 

			
	(4)	 	Steven Hess has waived his rights to [ * ] Company Match Class A Units that would have rested
after 48 months of continuous employment with CHEC. The amount in the table above reflects
this.

     Class B Units

	 	 	 	 	 	 	 	 	 
	Member	 	Class B Units	 	Consideration
	Nationstar Investment Holdings LLC
	 	 	[*]	 	 	[*]

 

			
	*	 	[Confidential treatment requested]

4

 

Schedule 3.17

Management Holder Unit Exchange

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Number of Company	 	 	 	 	 	Number of Company
	 	 	Number of Series 2	 	Match Series 2	 	Number of Series 1	 	Match Series 1
	 	 	Class A Units	 	Class A Units	 	Class A Units	 	Class A Units
	Member	 	Forgone	 	Forgone	 	Received	 	Received
	Anthony Barone
	 	 	13,704	 	 	 	27,410	 	 	 	13,180	 	 	 	26,359	 
	Jesse Bray
	 	 	3,524	 	 	 	7,048	 	 	 	3,389	 	 	 	6,778	 
	Robert J. Frye
	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 
	Steven Hess
	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 
	Steven Mix
	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 
	Anne Sutherland
	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 
	Mark O'Brien
	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 
	Richard Cardillo
	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 
	James Gallagher
	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 
	John Butler
	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 
	Robert Smith
	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 
	Michael Eckrote
	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 
	Amarkumar Patel
	 	 	1,566	 	 	 	—	 	 	 	1,506	 	 	 	—	 
	Shawn Stone
	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 	 	 	[*]	 

 

* [Confidential treatment requested]

5

 

Schedule 5.4

OFFICERS

     5.4.1. Officers. Subject to Section 5.4 of the Agreement, officers and agents of the Company
or Series, if any, shall be appointed by the Company Manager or Series Manager, as the case may be,
from time to time in its discretion. An officer may be but none need be a Member. Any two or more
offices may be held by the same person. Any officer may be required by the Company Manager or
Series Manager, as the case may be, to secure the faithful performance of the officer’s duties to
the Company or Series by giving bond in such amount and with sureties or otherwise as the Company
Manager or Series Manager, as the case may be, may determine.

     5.4.2. Powers. Subject to the limitations set forth in Section 5.4 of the Agreement, each
officer shall have, in addition to the duties and powers herein set forth, the duties and powers
set forth in Section 5.4 of the Agreement or delegated to such officer as provided in said Section
5.4.

     5.4.3. Election. Officers may be elected by the Company Manager or Series Manager, as the
case may be, at any time. At any time or from time to time such Manager may delegate to any
officer their power to elect or appoint any other officer or any agents.

     5.4.4. Tenure. Each officer shall hold office until the first meeting of the Company Manager
or Series Manager, as the case may be, following the beginning of the next fiscal year and until
such officer’s respective successor is chosen and qualified unless a shorter period shall have been
specified by the terms of such officer’s election or appointment, or in each case until such
officer sooner dies, resigns, is removed or becomes disqualified. Each agent shall retain its
authority at the pleasure of the Company Manager or Series Manager, as the case may be, or the
officer by whom such agent was appointed or the officer who then holds agent appointive power.

     5.4.5. Resignation; Removal; Vacancies. Any officer or agent may resign by delivering a
written letter of resignation to the Chair, the President, the Secretary or to the Company Manager
or Series Manager, as the case may be, which resignation shall not require acceptance and, unless
otherwise specified in the letter of resignation, shall be effective upon receipt. The Company
Manager or Series Manager, as the case may be, may remove any officer or agent at any time without
giving any reason for such removal and no officer or agent or shall be entitled to any damages by
virtue of such officer’s removal from office or such position as agent. If any office becomes
vacant, the position may be filled by the Company Manager or Series Manager, as the case may be, or
in such other manner as the officer in question was appointed.

     5.4.6. President and Vice President. Unless the Company Manager or Series Manager, as the
case may be, otherwise specifies, the President of the Company or Series shall be the chief
executive officer of the Company or such Series and shall have direct charge of all business
operations of the Company or such Series and, subject to the control of the Company Manager or
Series Manager, as the case may be, shall have general charge and supervision of the business of
the Company or such Series. Any vice presidents of the Company or such Series shall have

1

 

duties as
shall be designated from time to time by the Company Manager or Series Manager, as the case may be,
or the President.

     5.4.7. Treasurer and Assistant Treasurers. Unless the Company Manager or Series Manager, as
the case may be, otherwise specifies, the Treasurer of the Company or such Series shall be the
chief financial officer of the Company or such Series and shall be in charge of its funds and
valuable papers, and shall have such other duties and powers as may be designated from time to time
by the Company Manager or Series Manager, as the case may be, the Chair, or the President. If no
Controller of the Company or such Series is elected, the Treasurer of the Company or such Series
shall, unless the Company Manager or Series Manager, as the case may be, otherwise specifies, also
have the duties and powers of the Controller. Any Assistant Treasurers of the Company or such
Series shall have such duties and powers as shall be designated from time to time by the Company
Manager or Series Manager, as the case may be, the Chair, the President or the Treasurer.

     5.4.8. Controller and Assistant Controllers. If a Controller of the Company or such Series
is elected, the Controller shall, unless the Company Manager or Series Manager, as the case may be,
otherwise specifies, be the chief accounting officer of the Company and be in charge of its books
of account and accounting records, and of its accounting procedures. The Controller shall have
such other duties and powers as may be designated from time to time by the Company Manager or
Series Manager, as the case may be, the Chair, the President or the Treasurer. Any Assistant
Controller of the Series shall have such duties and powers as shall be designed from time to time
by the Company Manager or Series Manager, as the case may be, the Chair, the President, the
Treasurer or the Controller.

     5.4.9. Secretary and Assistant Secretaries. The Secretary of the Company or Series shall
record all proceedings of the Members and the applicable Manager in a book or series of books to be
kept therefor and shall file therein all actions by written consent of the applicable Manager. In
the absence of the Secretary from any meeting, an Assistant Secretary of the Company or Series, or
if there be none or no Assistant Secretary is present, a temporary secretary chosen at the meeting,
shall record the proceedings thereof. The Secretary shall keep or cause to be kept records which
shall contain the names and record addresses of all members. The Secretary shall have such other
duties and powers as may from time to time be designated by the applicable Manager, the Chair or
the President. Any Assistant Secretaries shall have such duties and powers as shall be designated
from time to time by the applicable Manager, the Chair, the President or the Secretary.

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Schedule 5.5

Management Rights Letter

FIF HE Holdings LLC

[1345 Avenue of the Americas, 46th Floor, New York, NY 10105]

[___________, 2006]

[Fund Name]

c/o Fortress Investment Group LLC

1345 Avenue of the Americas, 46th Floor

New York, NY 10105

Ladies and Gentlemen:

          This Management Rights Letter Agreement (“Agreement”) is made as of the date first
written above, by and between FIF HE Holdings LLC, a Delaware limited liability company (the
“Company”) and [Fund Name], a Delaware limited partnership (the “Fund”). This
Agreement may be executed in multiple counterparts, each of which shall be deemed an original for
all purposes but all of which together shall constitute one and the same instrument.

RECITALS

          WHEREAS, the Fund has acquired an interest in the Company and such acquisition was conditioned
upon the execution and delivery of this Agreement between the Company and the Fund;

          NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, each
of the parties hereby agrees as follow:

          This letter will confirm the agreement of the Company that the Fund, in connection with the
Fund’s acquisition of an interest in the Company and its ownership of an interest in the Company,
will be entitled to the following contractual management rights:

          1. The Fund shall be permitted to select one representative (the “Representative”) to
consult with and advise management of the Company on significant business issues, including such
management’s proposed annual operating plans, and management of the Company will make itself
available to meet with such Representative regularly during each year by telephone or at the
Company’s facilities at mutually agreeable times, on reasonable

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prior written notice, for such consultation and advice and to review progress in achieving
such plans.

          2. Initially, [Representative name] shall be appointed as the Representative.

          3. The Company will notify the Representative of any material development to or affecting the
Company’s business and affairs such as significant changes in management personnel and compensation
or employee benefits, introduction of new lines of business, important acquisitions and the
proposed compromise of any significant litigation as soon as reasonably practicable, and the
Company shall provide the Representative with the opportunity, on reasonable prior written notice,
to consult with and advise the Company’s management of its views with respect thereto.

          4. On reasonable prior written notice, the Representative may discuss the business operations,
properties and financial and other condition of the Company with the Company’s independent
certified accountants and investment bankers.

          5. The Representative may examine the books and records of the Company and visit and inspect
its facilities and may reasonably request information at reasonable times and intervals concerning
the general status of the Company’s financial conditions and operations.

          6. The Fund shall be entitled to request that the Company provide it, when available, with
copies of (i) all financial statements, forecasts and projections provided to or approved by its
Manager; (ii) all notices, minutes, proxy materials, consents and correspondence and other material
that it provides to its manager and members; (iii) any letter issued to the Company by its
accountants with respect to the Company’s internal controls; (iv) any documents filed by the
Company with the any regulatory or similar authority; and/or (v) such other business and financial
data as the Representative reasonably may request in writing from time to time.

          The aforementioned rights are intended to satisfy the requirement of management rights for
purposes of qualifying the Fund’s investment in the Company as a “venture capital investment” for
purposes of the Department of Labor “plan assets” regulation, 29 C.F.R. § 2510.3-101 (the
“Regulation”). In the event the aforementioned rights are not satisfactory for such
purpose, the Company and the Fund shall reasonably cooperate in good faith to agree upon mutually
satisfactory management rights that satisfy the Regulation.

          The rights described herein with respect to the Fund shall apply and continue for so long as
the Fund continues to hold any interest in the Company, which interest shall be deemed to be owned
and to remain outstanding notwithstanding any conversion, exercise or exchange of such interest for
other interests.

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	 	Very truly yours,

FIF HE HOLDINGS LLC

 	 
	 	By:  	 	 
	 	 	Name:  	Pete Smith 	 
	 	 	Title:  	Manager 	 

	 	 	 	 	 
	 	Agreed and Accepted by:

[Fund Name]

 	 
	 	By:  	[             ], its General Partner
 	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

3

 

	 	 	 	 	 

This Promissory Note has not been registered under the Securities Act of 1933, as amended, or
registered or qualified under any state securities laws. This Promissory Note may not be sold,
transferred, pledged or hypothecated unless such sale, transfer, pledge or hypothecation is in
accordance with such Act and applicable state securities laws.

FIF HE HOLDINGS LLC

PROMISSORY NOTE

			
	Principal Amount: ___________________
	 	____________, 2006

     FOR VALUE RECEIVED of ____________ Series 1 Class A Units and ___________ Series 2 Class A
Units (together with the Series 1 Class A Units, the “Company Match Class A Units”) in FIF
HE Holdings LLC, the undersigned, __________________, a resident of the State of [Texas] (the
“Debtor”), hereby promises to pay to the order of FIF HE Holdings LLC, a Delaware limited
liability company (the “Holder”), at FIF HE Holdings LLC, on behalf of [Series 1/Series 2]
of FIF HE Holdings LLC; c/o Fortress Investment Group, L.L.C., 1345 Avenue of the Americas, New
York, New York 10105 or at such other place as the Holder of this Promissory Note (the
“Note”) may designate from time to time in writing, in the lawful money of the United
States of America and in immediately available funds, the principal amount of ____________________
DOLLARS ($______), plus interest from the date hereof (computed on the basis of a 365-day year
based on the actual number of days elapsed) on the whole amount of such principal amount remaining
from time to time unpaid in accordance with Section 2 of this Note.

     1. Acceleration Upon Termination of Employment.

     (a) If Debtor’s employment with the Holder or its Subsidiary is terminated for any
reason, the outstanding principal balance of this Note and accrued and unpaid interest
thereon in full shall become due and payable 30 days after such termination (the
“Accelerated Payment Date”).

     (b) On the Accelerated Payment Date, if Debtor is unable to pay all amounts due and
owing under this Note, the Holder shall have the right to setoff and appropriate and apply
any and all Class A Units held by Debtor, any Class B Units held by Management LLC for the
benefit of Debtor and any equity interests in Management LLC held by Debtor with a Fair
Market Value equal in value to the unpaid amount due under this Note or, all of the Class A
Units held by Debtor, all Class B Units held by Management LLC for the benefit of Debtor and
any equity interests in Management LLC held by Debtor, may be tendered to Holder, in either
case in full repayment hereof.

     (c) All payments received on this Note will be applied first against costs of
collection (if any), then against accrued and unpaid interest, then against outstanding
principal.

4

 

     2. Interest. Interest will accrue on the unpaid principal balance of this Note
commencing on the date hereof and continuing until repayment of this Note in full,
compounded on a quarterly basis, at a rate equal to the prime rate (as set forth in The Wall
Street Journal on the date hereof) per annum.

     3. Amortization; Prepayment. The Debtor may prepay the principal balance of
this Note, in whole or in part, without premium, penalty or fees. Any such prepayment will
be accompanied by a prepayment of all interest accrued and unpaid on the prepaid principal
through the date of prepayment. All prepayments so permitted will be applied in the order
provided in Section 1(c).

     4. Payments. If payment hereunder becomes due and payable on a Saturday,
Sunday or legal holiday under the laws of the State of Delaware, the due date thereof will
be extended to the next succeeding business day, and additional interest will accrue and be
payable for the period of such extension at the rate specified herein.

     5. Prepayments. Debtor may repay the outstanding principal balance of this
Note and accrued and unpaid interest at any time without penalty.

     6. Security Interest. The Debtor hereby grants the Holder a security interest
in the Company Match Class A Units, any Class B Units held by Management LLC for the benefit
of the Debtor and any equity interests in Management LLC held by the Debtor to secure
Debtor’s obligations under this Note. Prior to the exercise of any right or remedy
hereunder by the Debtor, the Debtor shall remain the holder of record of such Company Match
Class A Units, Class B Units and equity interests in Management LLC and shall be entitled to
receive any distributions in connection therewith. This security interest shall be governed
by all applicable provisions of the Uniform Commercial Code as in effect in the State of
Delaware.

     7. Waiver by the Holder. Failure of the Holder at any time or times hereafter
to require strict performance by the Debtor of any of the provisions, terms and conditions
contained in this Note shall not waive, affect or diminish any right of the Holder at any
time or times to demand strict performance thereof and such right shall not be deemed to
have been waived by any act or knowledge of the Holder unless such waiver is in writing
signed by the Holder and directed to the Debtor specifying such waiver. No delay on the
part of the Holder in the exercise of any right or remedy shall operate as a waiver thereof,
and no single or partial exercise by the Holder of any right or remedy shall preclude other
or further exercise thereof or the exercise of any other right or remedy.

     8. Successors and Assigns. Whenever in this Note there is a reference made to
either the Holder or the Debtor, such reference shall be deemed to include, as applicable, a
reference to the successors, assigns, or heirs, executors and administrators of said party.
The provisions of this Note shall be binding upon and shall inure to the benefit of said
successors, assigns, or heirs, executors and administrators, as applicable.

     9. Severability; Governing Law. Wherever possible each provision of this Note
shall be interpreted in such a manner as to be effective and valid under the laws of

5

 

the State of Delaware, but if any provision of this Note shall be prohibited by or
invalid under the laws of the State of Delaware, such provision shall be ineffective to the
extent of such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provision of this Note.

     10. Limited Recourse. Debtor and Holder hereby agree that Holder’s right to
recover amounts payable hereunder shall be limited to all Class A Units held by Debtor, any
Class B Units held by Management LLC for the benefit of Debtor and any equity interests in
Management LLC held by Debtor.

     11. Arbitration. Debtor and Holder agree that any and all disputes,
controversies or claims that may arise out of this Note, or the breach, termination or
invalidity thereof (other than a suit to obtain specific performance of the provisions of
this Note or obtain other injunctive relief), shall be submitted to, and determined by,
binding arbitration in accordance with the following procedures:

     (a) Either Debtor or Holder may submit a dispute, controversy or claim to arbitration
by giving the other party written notice to such effect, which notice shall describe, in
reasonable detail, the facts and legal grounds forming the basis for the filing party’s
request for relief. The arbitration shall be held before one neutral arbitrator in
Wilmington, Delaware.

     (b) Within thirty (30) days after the other party’s receipt of such demand, the parties
shall mutually agree upon a neutral arbitrator. If the parties are unable to agree on a
neutral arbitrator within that time period, the parties will request that the American
Arbitration Association (“AAA”) submit a panel of five neutral arbitrators who have
a background in, and knowledge of the financial services industry and shall otherwise be an
appropriate person based on the nature of the dispute. If a person with experience in such
matters is not available, the parties will request that the AAA submit a panel of five
retired federal judges from a pool maintained by AAA. If the parties are unable to mutually
agree on a neutral arbitrator from the panel submitted by AAA, the parties will alternate in
striking names from the pool of neutral arbitrators, with Holder striking the first name.

     (c) The arbitration shall be governed by the Commercial Arbitration Rules of AAA and
administered by the AAA, except as otherwise expressly agreed to by the parties.

     (d) Discovery shall be limited to the request for and production of documents,
depositions and interrogatories, except as otherwise expressly agreed to by the parties.
All discovery shall be guided by the Federal Rules of Civil Procedure. All issues
concerning discovery upon which the parties cannot agree shall be submitted to the
arbitrator for determination.

     (e) In rendering an award, the arbitrator shall determine the rights and obligations of
the parties under this Agreement according to the substantive and

6

 

procedural laws of the State of Delaware, except as otherwise expressly agreed to by
the parties.

     (f) The decision of, and award rendered by, the arbitrator shall (unless the arbitrator
determines that this time frame is impracticable) be determined no more than 30 days after
the selection of the arbitrator (or such longer period as the arbitrator may require and the
parties reasonably agree upon) and shall be final and binding on the parties and shall not
be subject to appeal. Judgment on the award may be entered in and enforced by any court of
competent jurisdiction.

     (g) Each party shall bear its own costs and expenses (including filing fees) with
respect to the arbitration, including one-half of the fees and expenses of the arbitrator.

     12. Interpretation. Capitalized terms used but not otherwise defined herein
shall have the meanings ascribed to such terms in the Amended and Restated Limited Liability
Company Agreement of the Holder, dated as of July 11, 2006.

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	[NAME OF DEBTOR] 	 
	 	 	 
	 

7exv10w2

EXHIBIT 10.2

PURCHASE AND SALE AGREEMENT

          THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and executed this 29th day of
March, 2011, by and between POINT LOOKOUT, LLC, a Maryland limited liability company (the
“Seller”), having an address at c/o Erickson Retirement Communities, LLC, 701 Maiden Choice Lane,
Baltimore, Maryland 21228 and ATHENAHEALTH, INC. having an address at 311 Arsenal Street,
Watertown, MA 02472, Attn: Timothy O’Brien

RECITALS

          A. Seller is the owner of approximately 396 acres in multiple parcels of land along Route 1 in
the Towns of Northport and Lincolnville in Waldo County, Maine (the “Land”) upon which is located
106 cabins, a conference center, bowling alley, fitness center, and other buildings (collectively,
the “Buildings;” the Buildings hereinafter referred to, together with all other site improvements
thereon as the “Improvements,” and the Land, Improvements and all appurtenances, easements and
rights, thereto, are referred to as the “Real Property”). The Land is more particularly described
on Exhibit A attached hereto.

          B. Seller operates the Real Property as a resort and conference center (the “Resort”). Seller
is also the owner of certain personal property used or useful in connection with operation of the
Resort, including without limitation the names “Point Lookout” and “Point Lookout Resort and
Conference Center,” all logos (and any copyright thereto) and all related goodwill; all property
surveys, structural reviews, environmental assessments or audits, architectural drawings, and
engineering, geophysical, soils, seismic, geologic, environmental and architectural reports,
studies and certificates pertaining to the Property; all licenses, permits, certificates,
authorizations, registrations and approvals issued by any governmental authority used in or
relating to the construction, ownership, occupancy or operation of any part of the Property
(collectively, the “Permits”); all presently effective and assignable warranties, guaranties,
representations or covenants given to Seller in connection with the acquisition, development,
construction, maintenance, repair, renovation, operation or inspection of any of the Property; all
arrangements for the use or occupancy of the guest rooms, meeting and banquet facilities or other
facilities of the Resort (collectively, the “Bookings”); any and all till money, cash on hand and
amounts in so-called “house banks” (collectively, the “Cash on Hand”); and all checks, traveler’s
checks and deposits paid by guests of the Resort for use or occupancy of the Resort after the
Closing Date or services to be performed after the Closing Date, and located on the Property; and
all documents related to the operation of the Resort, including all business records, purchasing
and sales records, accounting records, business plans, budgets, cost and pricing information,
correspondence, guest, customer and vendor lists and data and all related guest information, and
other records and files, wherever located (including any such records maintained in connection with
any computer system) related to the Resort, all telephone numbers used for the Resort, the
Internet URL address, www.visitpointlookout.com, furniture, fixtures, pictures, beds, tables,
chairs, televisions, radios and other appliances or audio visual equipment, computer and telephone
systems and software, food, beverage, paper, linen and other inventories, artwork and other
decorations, exercise equipment, physical assessment equipment and other equipment and property
used for or in connection with recreational activities at the Resort, together with the personal
property listed on Exhibit B attached hereto and all other personal property used or held
for use in connection with operation of the Resort (collectively, the “Personal Property;” the Real
Property and the Personal Property are hereinafter referred to as the “Property”).

          C. Subject to the terms of this Agreement, Buyer intends to purchase the Property from Seller,
and Seller has agreed to sell the Property to Buyer.

AGREEMENT

          NOW THEREFORE, in consideration of the mutual promises and the premises contained herein,
Seller agrees to sell and Buyer agrees to purchase the Property in accordance with the following
terms and conditions:

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1. PURCHASE PRICE/DEPOSIT

          1.1. Purchase Price. Subject to the terms and conditions hereof, the purchase price
for the Property shall be Seven Million Eight Hundred Thousand Dollars ($7,800,000) (the “Purchase
Price”).

          1.2. Deposit.

               1.2.1. Within one (1) business day following the execution of this Agreement by Buyer and
Seller, Buyer shall deposit with First American Title Insurance Company (referred to herein as both
“Escrow Agent” and “Title Company” as the context requires) the sum of Three Hundred Fifty Thousand
Dollars ($350,000) (“Initial Deposit”), to be held and disbursed by the Escrow Agent in accordance
with the terms of this Agreement; and

               1.2.2. Within one (1) business day following the expiration of the Due Diligence Period (as
defined below), unless Buyer has exercised its right to terminate this Agreement pursuant to
Section 2.3 below, Buyer shall deposit with the Escrow Agent the sum of Three Hundred Fifty
Thousand Dollars ($350,000) (“Second Deposit”), to be held in addition to the Initial Deposit, and
disbursed by the Escrow Agent in accordance with the terms of this Agreement. The Initial Deposit,
the Second Deposit and any interest earned thereon are sometimes hereinafter collectively referred
to as the “Deposit.”

               1.2.3. At the Closing (as hereinafter defined), Buyer shall receive a credit for the amount of
the Deposit, and the balance of the Purchase Price shall be paid by Buyer to Seller in immediately
available federal funds to an account designated by Seller, and in accordance with the terms of
Article 3 of this Agreement.

               1.2.4. Seller shall have the option of terminating this Agreement if (a) the Initial Deposit
is not deposited with the Escrow Agent within one (1) business day following Buyer’s receipt of a
fully-executed version of this Agreement, or (b) unless Buyer has exercised its right to terminate
this Agreement pursuant to Section 2.3 below, the Additional Deposit is not deposited with the
Escrow Agent within one (1) business day following the expiration of the Due Diligence Period.

          1.3 Other Adjustments.

               1.3.1 The following items shall be prorated at Closing: (a) revenues for any period of
occupancy or use of the Resort for a period that started before and which ends after the Closing,
(b) taxes and utilities, as set forth in Section 4 below and (c) annual or other recurring fees
paid or payable for all of the Permits.

               1.3.2 Buyer shall receive a credit at Closing for (a) any and all advance payments or
deposits, if any, made pursuant to any bookings for the Resort for use and occupancy after the
Closing Date (including any such payments or deposits made by Buyer or its affiliates), and (b) all
commissions due to credit and referral organizations for benefits received by Seller prior to the
Closing Date, and (c) seventy-five percent (75%) of the aggregate face amount (or if no face
amount, the average room or applicable food or beverage check over the prior 12 months) of all
outstanding gift certificates, vouchers or other commitments for the use of guest rooms or for food
and beverage or free use of any Resort facilities or any food or beverage at the Resort (including,
without limitation, any outstanding gift certificates issued for the use of any Resort facilities)
(collectively, the “Outstanding Resort Comps”).

               1.3.3 Seller shall receive a credit at Closing for any Cash on Hand. For the avoidance of
doubt, except with respect to Cash on Hand or to comply with any other express obligations under
this Agreement, Seller shall continue to own and retain all funds in any Seller or Resort accounts
at Closing.

               1.3.4 Buyer is not acquiring any accounts receivable with regard to the Resort other than
accounts receivable for room revenues for guests of the Resort as of the Cut-off Time, and all such
accounts receivable shall remain the property of Seller. Seller shall pay at or prior to Closing
all accounts payable that are more than thirty (30) days old as of Closing and all other accounts
payable shall be apportioned and prorated and adjusted as of the Cut off Time. Seller shall
receive at Closing (i) a credit in an amount equal to all charges accrued to the open accounts of
any guests or customers staying at the Resort as of the 11:59 P.M. (Eastern Standard or

2

 

Daylight Savings Time, as applicable) on the date prior to the Closing Date (the “Cutoff
Time”) for all room nights up to (but not including) the night during which the Cut-off Time occurs
and (ii) a credit in an amount equal to fifty percent (50%) of all charges for the room night which
includes the Cut-off Time, in each case less amounts payable on account of third party collection
costs (e.g. fees retained by credit card companies, banks or other collection companies, travel
agent commissions and other third party commissions), and Buyer shall be entitled to retain all
deposits made and amounts collected with respect to such charges. Revenue from the Resort
attributable to food and beverage (including alcoholic beverages) and other sales or services
through the close of business on the night immediately preceding the Closing Date shall belong to
Seller (such revenue to be determined based on completion of the night auditor’s run on the night
of the Cut-Off Time). Thereafter, revenue from the Resort attributable to food and beverage and
other sales or services shall belong to Buyer. Each of Buyer and Seller shall be responsible for
the payment of any sales and/or Resort/motel occupancy taxes collected or otherwise due and payable
in connection with the revenue allocated to such party under this Section 1.3.4 and shall
indemnify, defend and hold the other party harmless from and against any and all liabilities,
demands, liens, interest, claims, actions or causes of action, assessments, losses, fines,
penalties, costs (including, without limitation, response and/or remedial costs), damages and
expenses including, without limitation, those asserted by any federal, state or local governmental
or quasi-governmental agency, third party, or former or present employee, including attorneys’,
consultants’ and expert witness fees and expenses suffered or incurred as a result of the failure
to pay such taxes.

               1.3.5 Except as provided herein below, Seller shall be responsible for, and shall pay when
due, all direct salaries and wages, incentive compensation, vacation pay, severance pay, employer’s
contributions under F.I.C.A., unemployment compensation, workmen’s compensation or other employment
taxes, payments under any employee benefit plan or program to which Seller contributes
(collectively, “Employee Benefit Plans”) on behalf of any Employee (as defined below), and any
other benefits (collectively, “Compensation”) earned by or accrued, whether vested or unvested, to
any Employee through the Cut-off Time. For purposes of this Agreement, the term “Employee” shall
mean any person employed by Seller, the Property Manager or their respective affiliates pursuant to
the existing Resort management agreement or any other contracts or agreements, oral or written,
with all or any of the executives, staff, and employees of the Seller, the Property Manager or
their respective affiliates for work in or in connection with the Resort including, but not limited
to, individual employment agreements, union agreements, employee handbooks, group health insurance
plans, life insurance plans, and disability insurance plans (other than Employee Benefit Plans)
(collectively, “Employment Contracts”). Compensation shall be deemed earned or accrued for these
purposes if the acts or occurrences giving rise to the claim for Compensation occurs or arises
prior to the Cut-off Time regardless of whether the Compensation is payable in whole or in part
after the Cut-off Time, including for these purposes Compensation such as any worker’s
compensation, unemployment compensation or disability benefits. Seller shall credit to Buyer at
Closing and Buyer shall assume the amount of any bonuses, vacation, sick or other similar paid time
off earned or accrued prior to the Cut-off Time with respect to any Employees of Property Manager
that either (a) remain employed by Property Manager after Closing (if Buyer retains Property
Manager to operate the Resort following Closing), or (b) that are hired by Buyer or Buyer’s Resort
manager following Closing.

          1.4 Allocation of Purchase Price. Seller and Buyer agree that the Purchase Price
shall be allocated among the Real Property and the Personal Property as may be determined by
agreement of Seller and Buyer prior to the Closing for federal, state and local tax purposes in
accordance with Section 1060 of the Internal Revenue Code of 1986, as amended, and the Treasury
Regulations thereunder. During the Due Diligence Period, Buyer shall deliver to Seller for its
review a proposed allocation of the Purchase Price (and any other items that are required for
federal income tax purposes to be treated as part of the Purchase Price) among the assets (the
“Allocation”). Seller shall review such Allocation and provide any objections to Buyer within 10
days after receipt thereof. If Seller raises any objection to the Allocation, the parties hereto
will negotiate in good faith (provided that failing to agree to an Allocation due to negative
economic consequences that will be incurred by a party as a result of doing so shall in no event be
considered a failure to negotiate in good faith) to resolve such objection(s). Upon reaching an
agreement on such Allocation, Buyer and Seller shall (i) cooperate in the filing of any forms
(including Form 8594 under Section 1060 of the Code) with respect to such allocation as finally
resolved, including any amendments to such forms required pursuant to this Agreement with respect
to any adjustment to the Purchase Price, and (ii) shall file all federal, state and local tax
returns and related tax documents consistent with such allocation, as the same may be adjusted
pursuant to any provisions of this Agreement. Notwithstanding the foregoing, if the parties hereto
are unable to agree on a mutually satisfactory Allocation, (i) Buyer’s good faith determination of
the Allocation shall

3

 

govern for purposes of determining the amount of any real estate transfer taxes, and (ii) each
of Buyer and Seller shall use its own Allocation for all other purposes.

2. DUE DILIGENCE

          2.1. Due Diligence Period. The “Due Diligence Period” shall commence on the date on
which the parties hereto shall have executed and delivered this Agreement, and shall expire on the
forty-fifth (45th) day thereafter, unless otherwise agreed by the parties in writing.
Seller has delivered to Buyer electronic copies of each of the materials identified as “Sent” on
Exhibit G attached hereto (collectively, the “Electronic Due Diligence Materials”) and has made
available in a designated maintenance facility conference room at the Resort (the “Due Diligence
Room”) each of the materials identified as “On Site” on Exhibit G attached hereto (collectively,
the “On Site Due Diligence Materials” and, together with the Electronic Due Diligence Materials,
the “Seller Due Diligence Materials”). Upon Buyer’s request, Seller shall make commercially
reasonable efforts to provide to Buyer any additional customary due diligence materials not listed
on Exhibit G attached hereto.

          2.2. Right To Enter. Seller hereby grants Buyer the right to enter the Property,
together with workers and materials, during normal business hours during the Due Diligence Period,
for the purpose of (i) making an accurate survey of the boundaries of the Property confirming the
square footage of the Resort facilities, showing the exact location of any encroachments,
easements, rights-of-way, covenants or restrictions burdening and appurtenant to the Property, any
improvements thereon and any streets, alleys, ways and highways bordering the Property, (ii)
performing such environmental analyses as Buyer may require, provided that Buyer must obtain
Seller’s prior written consent prior to performing any invasive testing, and (iii) conducting all
other inspections which Buyer shall deem necessary or desirable; provided, however, that prior to
entering the Property, Buyer shall first notify and obtain the approval of either Denny Meikleham
(cell phone: 781.367.9853; e-mail: dmeikleham@prihotels.com) or Matt Arrants (cell phone:
207.712.2381; e-mail: marrants@pinnacle-advisory.com), each of whom shall have the authority to
determine, in their reasonable discretion, the times during which Buyer may perform any inspections
so that operations on the Property are not materially disturbed, and neither the Seller nor Pyramid
Advisors (the “Property Manager”) is unreasonably inconvenienced. Seller hereby further agrees to
make each of the On Site Due Diligence Materials available to Buyer in the Due Diligence Room for
the period beginning two (2) days following the full execution of this Agreement and continuing
through the expiration of the Due Diligence Period. Buyer hereby agrees to defend, indemnify and
hold Seller harmless from any and all claims arising from Buyer’s due diligence activities;
provided, however, that Buyer shall have no liability for the discovery of any existing condition
at the Property. The foregoing indemnity shall survive the termination of this Agreement. Prior to
entry on the Property, Buyer shall provide Seller, by e-mail, fax, or regular mail, with a
certificate of insurance evidencing that Buyer maintains insurance, on an occurrence basis from a
company with an “A-:VIII” or better rating from A.M. Best Company, naming Seller and the Property
Manager as an additional insured, in the following amounts: Workers Compensation, statutory;
Employer’s Liability, $1,000,000 accident/disease; Commercial General Liability, $3,000,000
combined single limit/$3,000,000 general aggregate; Auto Liability: $1,000,000 combined single
limit. If the Property is disturbed or altered in any way as a result of the activities described
in clauses (i), (ii) and (iii) above, Buyer shall promptly restore the Property to its condition
existing prior to the commencement of such activities which disturb or alter the Property.

          Any information obtained by Buyer with respect to the Property, other than information which
is generally available to the public, shall be deemed “Confidential Information” subject to the
provisions of Section 15 below.

          2.3. Termination. Buyer shall have the right, exercisable in its sole discretion at
any time, for any reason or no reason, to terminate this Agreement by giving written notice thereof
to Seller. In the event that Buyer elects to terminate this Agreement pursuant to this Section
prior to the expiration of the Due Diligence Period, Buyer shall be entitled to the prompt return
of the Deposit held by the Escrow Agent, and neither party shall have any further liability or
obligation under this Agreement, except for those terms of this Agreement that expressly survive
the termination of this Agreement, and except for any liability incurred by either party hereto
prior to such termination. Buyer shall pay and be solely liable for all costs incurred for its
inspections of the Property. In the event that Buyer elects to terminate this Agreement following
the expiration of the Due Diligence Period, Seller shall be entitled to its remedy under Article
11.

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          2.4. Seller’s Right to Buyer’s Inspection Reports. In the event Closing does not occur
under this Agreement, Buyer shall, within fourteen (14) days after the termination of this
Agreement: (i) return any Seller Due Diligence Materials in Buyer’s possession or control to Seller
and, (ii) upon Seller’s request and at Seller’s expense, will deliver to Seller copies of any
written third-party inspection reports prepared at Buyer’s direction, without representation or
warranty as to the accuracy of the content of any such reports. The foregoing sentence shall
expressly survive the termination of this Agreement.

3. CLOSING.

          3.1. Closing Date. Conveyance of the Property to Buyer, payment of the Purchase Price
to Seller and performance of the parties’ obligations under this Agreement, shall constitute the
“Closing.” The Closing shall be held at such location in Portland, Maine as may be designated by
Buyer, so long as Seller shall be permitted to deliver all documents to Escrow Agent in lieu of
attending Closing. The Closing shall be held on the thirtieth (30th) day next following
the expiration of the Due Diligence Period (the “Closing Date”).

          3.2. Buyer’s Closing Obligations.

               3.2.1. Buyer’s obligation to close the transaction contemplated by this Agreement shall be
subject to the satisfaction of each of the following conditions, any one or more of which may be
waived by Buyer in writing:

               3.2.1.1 Seller shall have complied with all material obligations required by this
Agreement to be complied with by Seller, including without limitation the covenants
set forth in Section 5.1 below.

               3.2.1.2 The representations and warranties of Seller contained in this Agreement
were true in all material respects when made, and continue to be true in all
material respects on the Closing Date as if remade on the Closing Date, and Buyer
shall have received a certificate to that effect signed by Seller. If the
representations and warranties of Seller contained in this Agreement are no longer
true in all material respects as of Closing due to changes in fact since the date of
this Agreement, then Seller shall so notify Buyer in writing promptly following
Seller’s discovery thereof (but in no event later than the Closing Date), and any
such changes shall be subject to the approval of Buyer in its reasonable discretion;
provided, however, that if such changes result from Seller’s default hereunder, such
changes shall be subject to the approval of Buyer in its sole discretion.

               3.2.1.3 The Title Company shall be irrevocably committed to issue to Buyer an ALTA
owner’s policy of title insurance (the “Title Policy”) with all customary
endorsements and subject to no exceptions other than the Permitted Exceptions.

               3.2.1.4 Except as otherwise provided in this Agreement with respect to the Liquor
License, no material Permit required for the occupancy and operation of the Property
as currently operated shall have expired, or have been revoked, unless such Permit
has been fully reinstated and/or renewed by Seller prior to Closing.

If any closing condition set forth in this Section 3.2.1 is not satisfied at Closing, then Buyer
shall have the right either (i) to terminate this Agreement by providing written notice to such
effect to Seller, in which case the Deposit shall be refunded to Buyer, or (ii) to waive such
closing condition at or prior to Closing. Notwithstanding the foregoing, Seller shall have the one
time right to extend the Closing Date for up to sixty (60) days in order to allow such cure by
giving notice to such effect to Buyer on or before the scheduled Closing Date, which notice shall
include a covenant of Seller to use commercially reasonable diligent efforts to effect such cure.

               3.2.2. If the conditions set forth in Section 3.2.1 have been satisfied, then at Closing,
Buyer shall:

               3.2.2.1 pay to Seller, the full Purchase Price for the Property to an account or accounts

5

 

designated by Seller, receiving credit for the Deposit and subject to any adjustments to be
made in accordance with the terms of this Agreement;

3.2.2.2 authorize the Escrow Agent to pay the Deposit to Seller to an account or accounts
designated by Seller;

3.2.2.3 pay or cause to be paid all sums required to be paid by Buyer under the
terms of this Agreement;

3.2.2.4 deliver to Seller all documents necessary to effectuate the transaction
contemplated hereby, including any documents that are reasonably requested by Seller
that are customarily executed by purchasers in connection with similar Maine
transactions.

3.2.2.5 deliver to Seller a signed copy of a settlement statement approved by Buyer
and Seller; and

3.2.2.6 Buyer shall deliver to Seller a copy of the fully completed and executed
Change of Ownership Notification Form in connection with the 8,000 gallon
underground petroleum storage tank used for the generator and the 500 gallon
underground petroleum storage tank (with evidence of transmittal of the original
notice to the Maine Department of Environmental Protection — Oil Enforcement Unit).

MAINE DEP NOTICE. IN ACCORDANCE WITH MAINE REV. STAT. ANN. TIT. 38 THIS CONTRACT SECTION
CONSTITUTES WRITTEN NOTICE TO BUYER OF THE EXISTENCE OF THE FOLLOWING TWO UNDERGROUND STORAGE TANKS
(FACILITIES) LOCATED ON THE PROPERTY IN THE LOCATION AS MORE FULLY DESCRIBED ON EXHIBIT F
ATTACHED HERETO AND MADE A PART HEREOF:

	 	 	 	 	 	 	 

	 

	 	(i)
	 	Registration No. 20357
	 	Storage Capacity 8,000 gal.
	 
	 	 	 	 	 	 
	 

	 	(ii)
	 	Registration No. 20418
	 	Storage Capacity 500 gal.

BUYER ACKNOWLEDGES THAT THE ABOVE UNDERGROUND STORAGE TANKS ARE SUBJECT TO REGULATION,
INCLUDING REGISTRATION REQUIREMENTS, BY THE MAINE DEPARTMENT OF ENVIRONMENTAL PROTECTION AND THAT
THE FACILITIES HAVE NOT BEEN ABANDONED IN PLACE PURSUANT TO SECTION 566-A.

          3.3. Seller’s Closing Obligations. At the Closing, Seller shall:

               3.3.1. execute and deliver a Quitclaim Deed with Covenants, conveying to Buyer the Real
Property in the form attached to this Agreement as Exhibit C subject to no other exceptions
than the Permitted Exceptions;

               3.3.2. execute and deliver a bill of sale to Buyer (“Bill of Sale”), in the form attached to
this Agreement as Exhibit D, for the Personal Property and Intangible Property (as such latter term
is defined at Exhibit D), it being understood and agreed that Exhibits A and B to the Bill of Sale
will include all of the Personal Property;

               3.3.3. execute the affidavit (in form reasonably acceptable to Seller) required by Section
1445(b)(2) of the Internal Revenue Code, as existing and in effect on such Closing Date (the
“Code”), and Seller shall be responsible for filing such affidavit as required by the Code,
together with executing and filing any other reporting requirements under federal, state or local
laws (Seller shall indemnify and hold Buyer harmless from and against any and all claims arising
out of or relating to the execution, contents or filing of the foregoing affidavit and Seller shall
also comply with any other reporting requirements imposed by the Code with respect to, or arising
out of, the sale of the Property);

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               3.3.4. execute and deliver to Buyer customary title insurance affidavits and other customary
documents reasonably required by the title insurer (in a form reasonably satisfactory to Seller);

               3.3.5. execute and deliver to Escrow Agent a notification letter to the taxing district in the
form of Exhibit E;

               3.3.6. execute and deliver to Escrow Agent a Maine Revenue Services Real Estate Tax
Declaration;

               3.3.7 execute and deliver to Escrow Agent any clearance letters required by law to be so
delivered prior to Closing;

               3.3.8 execute and deliver to Buyer such affidavits and certificates, in form and substance
reasonably satisfactory to Buyer, as Buyer shall deem necessary, to inform Buyer of Buyer’s
obligation, if any, to deduct and withhold a portion of the Purchase Price pursuant to 36 M.R.S.A.
§ 520-A, which Buyer is authorized to do unless Seller delivers at or prior to Closing a valid
State of Maine withholding exemption certificate;

               3.3.9 execute and deliver to Buyer a signed copy of a settlement statement prepared by the
Escrow Agent and approved buy Buyer and Seller;

               3.3.10 deliver to Buyer such certificates and approvals reasonably requested by Buyer (in form
reasonably acceptable to Seller) to evidence that the sale of the Property and the performance of
Seller’s obligations under this Agreement have been validly approved and authorized by Seller, and
that the person executing all documents on behalf of Seller has been authorized by Seller to
execute and deliver such documents;

               3.3.11 execute and deliver to Buyer an assignment of the existing management agreement for the
Property or, if requested by Buyer in writing prior to the expiration of the Due Diligence Period,
Seller shall at Seller’s sole cost and expense terminate the existing management agreement with the
Property Manager for the Property, in which case Seller shall provide documentation of such
termination at Closing; provided, that in either event Seller shall retain all liability for any
obligations to the Property Manager for periods prior to the Closing;

               3.3.12 execute and deliver to Buyer an assignment of all of the Resort Contracts, effective on
or prior to the Closing Date; provided that Seller shall retain all liability for any obligations
under the Resort Contracts for periods prior to the Closing;

               3.3.13 to the extent not previously delivered to Buyer, all originals (or copies if originals
are not available), of all Resort financial and operating reports, all Permits, all Resort
contracts, and keys and lock combinations in the Seller’s possession or control.

4 ADJUSTMENTS; SPECIAL ASSESSMENTS. All costs, including, without limitation, taxes,
utilities, sewer charges, water charges, insurance, and any and all costs relating to the ownership
of the Property shall be borne by Seller until Closing. Real estate taxes, sewer charges and water
charges shall be apportioned and payable on and as of the date of Closing. Any amounts due either
party as a result of such apportionment shall be paid by the appropriate party at Closing. If the
Closing shall occur before the actual amount of utilities and other operating expenses with respect
to the Property for the month in which the Closing occurs are determined, the apportionment of such
utilities and other operating expenses shall be upon the basis of a good faith estimate by Seller
(as reasonably approved by Buyer) of such utilities and other operating expenses for such month.
Subsequent to the Closing, when the actual amount of such utilities and other operating expenses
with respect to the Property for the month in which the Closing occurs are determined, the parties
agree to adjust the proration of such utilities and other operating expenses and, if necessary, to
refund or repay such sums as shall be necessary to effect such adjustment. If the Closing shall
occur before the tax rate or the assessed valuation of the Property is fixed for the then current
year, the apportionment of taxes for the year in which the Closing occurs shall be upon the basis
of the tax rate for the preceding year applied to the latest assessed valuation. In the event the
Property has been assessed for property tax purposes at such rates as would result in “rollback”
taxes upon the changes in land usage or ownership of the

7

 

Property, Buyer agrees to pay all such taxes and indemnify and save Seller harmless from and
against any and all claims and liabilities for such taxes. Buyer and Seller shall each pay
one-half of the Real Property transfer tax at the current rate at the time of Closing.

5 SELLER’S COVENANTS.

          5.1 Seller covenants that, from the date of this Agreement until the Closing or earlier
termination of this Agreement:

               5.1.1 Seller shall not, without first obtaining the prior written consent of Buyer, which
Buyer shall not unreasonably withhold, condition or delay prior to the expiration of the Due
Diligence Period but which Buyer may withhold in its sole and absolute discretion after the
expiration of the Due Diligence Period, grant, create, assume, suffer or cause to exist any lien,
encumbrance, leasehold interest, occupancy, covenant, restriction, right-of-way or easement upon or
against the Property or any portion thereof;

               5.1.2 Seller shall not convey any interest in the Property or any portion thereof (other than
replacements of Personal Property in the ordinary course of business) without first obtaining the
prior written consent of Buyer, which Buyer may withhold in its sole and absolute discretion;

               5.1.3 Seller shall (i) pay all taxes and other charges assessed against the Property for
periods prior to Closing, (ii) pay all bills for labor or services for work performed on the
Property for or at the direction of Seller or any of Seller’s tenants, for periods prior to
Closing, and (iii) not knowingly or intentionally violate any covenants, easements or agreements
affecting the Property; and further, Seller shall provide at Closing tax clearance letters from
Maine Revenue and Maine Department of Labor as set forth below and notice of waiver from Maine
Revenue if no Withholding Tax is required from the sale of the property;

               5.1.4 Except as provided in Section 5.1.3, Seller shall use reasonable efforts (i) not cause
or permit any change to be made in the Property from its present physical condition and (ii) not
commit any waste upon the Property;

               5.1.5 INTENTIONALLY LEFT BLANK;

               5.1.6 Except as provided in Section 5.2.2, Seller shall not enter into any contract or
agreement, or assume any obligation(s), that will result in the title to the Property not being
able to be conveyed as provided in Article 8;

               5.1.7 Title to the Property shall be as provided in Article 8;

               5.1.8 Except for condemnation and casualty referenced in Section 10, Seller shall keep and
maintain the Property in its condition as of the date of this Agreement (reasonable wear and tear
excepted).

               5.1.9 Seller shall not, without the prior written consent of Buyer, modify, enter into, or
renew any contract affecting the Property without the prior written consent of Buyer, which Buyer
shall not unreasonably withhold, condition or delay prior to the expiration of the Due Diligence
Period but which Buyer may withhold in its sole and absolute discretion after the expiration of the
Due Diligence Period, provided, however, that Buyer’s consent shall not be required for any
contract entered into with a third party prior to the expiration of the Due Diligence Period as
long as such contract is cancelable upon not more than thirty (30) days notice without penalty or
premium payment;

               5.1.10 Seller shall operate and maintain the Resort consistent with Seller’s ordinary and
customary business practice, including without limitation taking bookings for the use of the
Resort, and shall use commercially reasonable efforts to preserve in force all of the Permits
(including renewals of Permits expiring on or before the Closing Date). If any Permit shall be
suspended or revoked, Seller shall promptly notify Buyer and shall make commercially reasonable
efforts, to cause the reinstatement of such Permit;

8

 

               5.1.11 Seller shall promptly advise Buyer of any litigation, arbitration, or administrative
hearing concerning the Property, or any material written threats thereof, arising after the date of
this Agreement.

               5.1.12 Seller shall maintain in effect all policies of casualty and liability insurance, or
similar policies of insurance, with the same limits of coverage which it now carries with respect
to the Resort and the Property.

               5.1.13 Seller shall make commercially reasonable efforts to obtain from Property Manager (a)
promptly following the execution of this Agreement, a current, correct and complete list of all
Employees as of the date specified on such list showing the name, position, years of service and
annual base salary for each such Employee (the “Employee Roster”), as well as a schedule (the “WARN
Act Schedule”) of each “employment loss” at each “single site of employment,” as those terms are
defined in the Worker Adjustment and Retraining Notification Act, 29 USC §2101 et seq., (“WARN
Act”), affecting any Employee at the Resort within 90 days preceding the date hereof, describing
for each such employment loss, the date, reason and site of employment implicated, and (b) at or
prior to Closing, an updated Employee Roster dated as of the Closing Date.

               5.1.14 Seller shall make commercially reasonable efforts to obtain from Property Manager (a)
promptly following the execution of this Agreement, a current, correct and complete list of all
Bookings for the Resort, including without limitation a correct and complete list of all deposits
and Outstanding Resort Comps, as of the date indicated in such exhibit (the “Bookings Report”), and
(b) at or prior to Closing, an updated Bookings Report dated as of the Closing Date.

               5.1.15 Seller shall make commercially reasonable efforts to obtain from Property Manager (a)
promptly following the execution of this Agreement, a current, correct and complete insurance loss
report for the Property and the Resort as of the date indicated on such exhibit (the “Insurance
Loss Report”), and (b) at or prior to Closing, an updated Insurance Loss Report dated as of a date
not less than five (5) business days prior to Closing.

               5.1.16 Seller shall make commercially reasonable efforts to obtain from Property Manager,
promptly following the execution of this Agreement, true and complete copies of the income and
expense statements for the Property covering the last three (3) fiscal years.

          5.2 Condition Precedent. The full performance of the foregoing covenants by Seller
shall be a condition precedent to Buyer’s obligations with respect to Closing. A breach by Seller
of any of the foregoing covenants (subject to any applicable notice or cure rights of Seller stated
elsewhere in this Agreement) shall entitle Buyer to terminate this Agreement and exercise its
remedies in Article 11 of this Agreement.

          5.3 Liquor License. Buyer and Seller shall use diligent, good faith efforts to either
effect the transfer of the existing Liquor License to Buyer or its designee on the Closing Date or
to enable Buyer or its designee to obtain a new Liquor License effective on the Closing Date.
Buyer agrees to pay all fees and other amounts payable to any governmental authority in connection
with the transferring the existing Liquor License or obtaining a new Liquor License. During the
Due Diligence Period, Buyer or its designee shall complete, execute and file with the applicable
liquor licensing authority all necessary applications for transfer of the Liquor License or the
issuance of a new Liquor License. Buyer specifically acknowledges and agrees that the transfer of
the Liquor License to Buyer on the Closing Date shall not be a condition to Buyer’s obligation to
close the transaction contemplated under this Agreement; provided, however, that if the parties are
unable to cause the transfer of the existing Liquor License to Buyer or its designee on the Closing
Date or to cause the issuance of a new Liquor License to Buyer or its designee as of the Closing
Date, then Buyer shall have the right to extend the Closing Date by up to thirty (30) days in order
to allow additional time for such transfer or issuance of the Liquor License. Buyer shall provide
to Seller, upon Seller’s prior written request, copies of any and all materials filed with any
governmental authority in connection with the transfer or issuance of the Liquor License; provided,
however, that Buyer shall have the right to redact any portions of such materials which are
confidential or proprietary in nature.

6 SELLER’S REPRESENTATIONS AND WARRANTIES. EXCEPT AS OTHERWISE SET FORTH IN THIS
AGREEMENT, BUYER ACKNOWLEDGES AND AGREES THAT SELLER HAS NOT MADE, DOES NOT MAKE AND SPECIFICALLY
NEGATES AND DISCLAIMS ANY REPRESENTATIONS,

9

 

WARRANTIES, PROMISES, COVENANTS, AGREEMENTS OR GUARANTIES OF ANY KIND OR CHARACTER WHATSOEVER,
WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE, OF, AS TO, CONCERNING OR WITH
RESPECT TO: (A) THE VALUE, NATURE, QUALITY OR CONDITION OF THE PROPERTY, INCLUDING, WITHOUT
LIMITATION, THE WATER, SOIL AND GEOLOGY; (B) THE INCOME TO BE DERIVED FROM THE PROPERTY; (C) THE
SUITABILITY OF THE PROPERTY FOR ANY AND ALL ACTIVITIES AND USES WHICH BUYER OR ANYONE ELSE MAY
CONDUCT THEREON; (D) THE COMPLIANCE OF OR BY THE PROPERTY OR ITS OPERATION WITH ANY LAWS, RULES,
ORDINANCES OR REGULATIONS OF ANY APPLICABLE GOVERNMENTAL AUTHORITY OR BODY; (E) THE HABITABILITY,
MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE PROPERTY;
(F) THE MANNER OR QUALITY OF THE CONSTRUCTION OF MATERIALS, IF ANY, INCORPORATED INTO THE PROPERTY;
(G) THE MANNER, QUALITY, STATE OF REPAIR OR LACK OF REPAIR OF THE PROPERTY; OR (H) ANY OTHER MATTER
WITH RESPECT TO THE PROPERTY, AND SPECIFICALLY, THAT SELLER HAS NOT MADE, DOES NOT MAKE AND
SPECIFICALLY DISCLAIMS ANY REPRESENTATIONS REGARDING COMPLIANCE WITH ANY ENVIRONMENTAL PROTECTION,
HAZARDOUS MATERIALS, POLLUTION OR LAND USE LAWS, RULES, REGULATIONS, ORDER OR EQUIPMENTS, INCLUDING
SOLID WASTE, AS DEFINED BY THE U.S. ENVIRONMENTAL PROTECTION AGENCY REGULATIONS AT 40 C.F.R., PART
261, OR THE DISPOSAL OR EXISTENCE, IN OR ON THE PROPERTY, OF ANY HAZARDOUS SUBSTANCE AS DEFINED BY
THE COMPREHENSIVE ENVIRONMENTAL RESPONSE COMPENSATION AND LIABILITY ACT OF 1980, AS AMENDED, AND
REGULATIONS PROMULGATED THEREUNDER. BUYER FURTHER ACKNOWLEDGES AND AGREES THAT, HAVING BEEN GIVEN
THE OPPORTUNITY TO INSPECT THE PROPERTY, BUYER IS RELYING SOLELY ON ITS OWN INVESTIGATION OF THE
PROPERTY AND NOT ON ANY INFORMATION PROVIDED OR TO BE PROVIDED BY SELLER. BUYER FURTHER
ACKNOWLEDGES AND AGREES THAT ANY INFORMATION PROVIDED OR TO BE PROVIDED WITH RESPECT TO THE
PROPERTY WAS OBTAINED FROM A VARIETY OF SOURCES AND THAT SELLER HAS NOT MADE ANY INDEPENDENT
INVESTIGATION OR VERIFICATION OF SUCH INFORMATION AND MAKES NO REPRESENTATIONS AS TO THE ACCURACY
OR COMPLETENESS OF SUCH INFORMATION. SELLER IS NOT LIABLE OR BOUND IN ANY MANNER BY ANY VERBAL OR
WRITTEN STATEMENTS, REPRESENTATIONS OR INFORMATION PERTAINING TO THE PROPERTY, OR THE OPERATION
THEREOF, FURNISHED BY ANY REAL ESTATE BROKER, AGENT, EMPLOYEE, SERVANT OR OTHER PERSON. BUYER
FURTHER ACKNOWLEDGES AND AGREES THAT TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE SALE OF THE
PROPERTY AS PROVIDED FOR HEREIN IS MADE ON AN “AS-IS”, “WHERE-IS” CONDITION AND BASIS WITH ALL
FAULTS. IT IS UNDERSTOOD AND AGREED THAT THE PURCHASE PRICE HAS BEEN ADJUSTED BY PRIOR NEGOTIATION
TO REFLECT THAT THE PROPERTY IS SOLD BY SELLER AND PURCHASED BY BUYER SUBJECT TO THE FOREGOING.
THE PROVISIONS OF THIS ARTICLE 6 SHALL BE DEEMED TO SURVIVE THE CLOSING.

Notwithstanding the foregoing, Seller represents and warrants to Buyer, as of the date hereof, that
the following are true in all material respects:

          6.1 The persons whose signatures appear below for Seller are duly authorized to execute and
deliver this Agreement and all other documents, agreements and instruments executed and delivered
on behalf of Seller in connection with the purchase of the Property. This Agreement is a binding
agreement of Seller, enforceable against Seller in accordance with its terms.

          6.2 No proceedings or actions are pending or, to the best of Seller’s knowledge, threatened,
that do or are reasonably foreseeable to materially limit or impair Seller’s power, authority or
right (a) to execute and deliver this Agreement or any document in connection with this Agreement
(“Related Agreement”), (b) to comply with the terms of this Agreement or any Related Agreement, or
(c) to complete the transactions contemplated by this Agreement or any Related Agreement.

          Without limiting the generality of Section 6.2 of this Agreement:

10

 

          (a) There has not been filed by or against Seller a petition in bankruptcy or
insolvency proceedings or for reorganization or for the appointment of a receiver or
trustee, under state or federal law.

          (b) Except for its agreement with Wells Fargo Bank, National Association (“Lender”) to
sell the Property in exchange for a full discharge of Lender’s mortgage on the Property,
Seller has not made an assignment for the benefit of creditors or filed a petition for an
arrangement or entered into an arrangement with creditors which petition, proceedings,
assignment, or arrangement was not dismissed by final, unappealable order of the court or
body having jurisdiction over the matter.

          (c) Seller is a single-purpose entity whose sole asset is the Property. Seller has
made adequate provision for the payment of all creditors of Borrower other than Lender and
Seller did not enter into this transaction to provide preferential treatment to Lender or
any other creditor of Borrower in anticipation of seeking relief under the Bankruptcy Code.

          (d) Seller’s execution and delivery of this Agreement and all Related Agreements,
compliance with the terms of this Agreement and all Related Agreements, and completion of
the transactions contemplated by this Agreement and all Related Agreements, will not
conflict with, or result in a breach of, any mortgage, lease, agreement or other instrument,
or any applicable judgment, order, writ, injunction, or decree of any governmental
authority, to which Seller is a party or by which it or its properties is bound.

          6.3 There are no actions, suits, or proceedings, pending or, to Seller’s actual knowledge,
threatened against Seller related to the Property or the Resort or otherwise affecting the Property
or any of Seller’s rights therein or Seller’s ability to perform its obligations under this
Agreement. Seller has not received any notice of any violation of any applicable law or a
Permitted Exception which has not been corrected. Seller has not entered into any unrecorded
commitment or agreement with any governmental authority affecting the Property and which could
reasonably be expected to have a material adverse effect on the ownership, value or operation of
the Property.

          6.4 There are no pending or, to Seller’s actual knowledge, threatened condemnation proceedings
or condemnation actions against the Property.

          6.5 Seller has no Employees. With respect to any Employees of the Property Manager, to
Seller’s knowledge, based on information obtained from the Property Manager, (A) no Union is the
collective bargaining agent for any such Employees, and the Property Manager has not been ordered
by the National Labor Relations Board (“NLRB”) or any court to recognize, or lost a
representational election certifying, any union, labor organization or other Person as the
exclusive representative of any Employee for purposes of collective bargaining (“Union”), and no
Union has, in writing, claimed or demanded to represent, and there are no organizational campaigns
in progress with respect to, or NLRB representational election scheduled with respect to, any such
Employee, (B) there is no, and there has not been any, labor strike, picketing of any nature, labor
dispute, slowdown or any other concerted interference with normal operations, stoppage or lockout
in effect, pending against or affecting the Property Manager or any affiliate of the Property
Manager with respect to the operation of the Resort and neither the Property Manager nor any
affiliate of the Property Manager has received any written notice specifically threatening any of
the foregoing; (C) neither the Property Manager or any affiliate of the Property Manager is
delinquent in any payments to any such Employee for any compensation due with respect to any
services performed or amounts required to be reimbursed to such Employees; (D) there are no formal
material grievances, complaints or charges with respect to employment or labor matters (including,
without limitation, charges of employment discrimination, retaliation or unfair labor practices)
pending in any judicial, regulatory or administrative forum, or under any private dispute
resolution procedure (and neither Property Manager or any affiliate of the Property Manager has
received any notice threatening any of the foregoing); (E) there are no internal grievances,
complaints or charges with respect to employment or labor matters (including, without limitation,
allegations of employment discrimination, retaliation or unfair labor practices);(F) there are no
audits or investigations of any of the Property Manager’s or any affiliate of the Property
Manager’s employment practices or policies by any governmental entity pending or threatened, and
(G) neither the Property Manager or any affiliate of the Property Manager is subject to any order, consent decree, judgment or injunction in
respect of any matter relating to such Employees; (H) neither the Property Manager or any affiliate
of the Property Manager has made any

11

 

representation, express or implied, concerning the terms or
conditions on which Buyer or any property manager engaged by Buyer may offer to employ any such
Employees and (I) Property Manager is not party to any Employment Contract with any of the
Employees other than offer letters for at-will employment and contract of at-will employment.

          6.6 INTENTIONALLY LEFT BLANK.

          6.7 Seller has good and valid title to all of the tangible Personal Property, which shall be
free and clear of all liens and encumbrances as of the Closing.

          6.8 Seller has not received any written notice of any audit of any taxes payable with respect
to the Property which has not been resolved or completed, and Seller is not currently contesting
any such taxes or seeking an abatement or rollback of any taxes.

          6.9 Seller has not granted any option, right of first refusal or similar right in favor of any
person or entity to purchase or otherwise acquire the Property or any portion thereof or interest
therein.

          6.10 INTENTIONALLY LEFT BLANK.

          6.11 INTENTIONALLY LEFT BLANK.

          6.12 To Seller’s knowledge, based on information obtained from the Property Manager, the
copies of the service and supply contracts delivered as part of the Electronic Due Diligence
Materials are all of the service and supply contracts related to the Property, including without
limitation any equipment leases (the “Resort Contracts”), and the copies thereof so delivered are
accurate and complete. Seller has neither given nor received any written notice of any breach or
default under any Resort Contract which has not been cured and no event has occurred or
circumstance exist which, with notice of the passage of time, would result in a breach or default
by Seller or the other party thereunder.

          6.13 INTENTIONALLY LEFT BLANK.

          6.14 All representations and warranties by Seller set forth in this Agreement shall be true
and correct at and as of the Closing Date as if such representations and warranties were remade at
and as of the Closing Date.

          6.15 The representations and warranties contained in this Article shall survive the Closing
for one (1) year after the Closing Date (the “Survival Period”). Notwithstanding the foregoing,
Buyer acknowledges and agrees that Seller shall have no liability for any breach of a
representation or warranty set forth in this Agreement until the aggregate liability of Seller with
respect to all claims of Buyer relating to any representation or warranty of Seller exceed $40,000.

7 BUYER’S REPRESENTATIONS AND WARRANTIES. Buyer represents and warrants to
Seller, as of the date hereof, that the following are true in all material respects:

          7.1 The persons whose signatures appear below for Buyer are duly authorized to execute and
deliver this Agreement and all other documents, agreements and instruments executed and delivered
on behalf of Buyer in connection with the purchase of the Property. This Agreement is a binding
agreement of Buyer, enforceable against Buyer in accordance with its terms.

          7.2 INTENTIONALLY LEFT BLANK.

          7.3 Consents; Proceedings; Bankruptcy.

               7.3.1 No proceedings or actions are pending or, to the best of Buyer’s knowledge, threatened,
that do or are reasonably foreseeable to materially limit or impair Buyer’s power, authority
or right (a) to execute and deliver this Agreement or any

12

 

Related Agreement (b) to comply with the
terms of this Agreement or any Related Agreement, or (c) to complete the transactions contemplated
by this Agreement or any Related Agreement.

          Without limiting the generality of Subsection 7.3.1 of this Agreement:

          (a) There has not been filed by or against Buyer a petition in bankruptcy or insolvency
proceedings or for reorganization or for the appointment of a receiver or trustee, under state or
federal law.

          (b) Buyer has not made an assignment for the benefit of creditors or filed a petition for an
arrangement or entered into an arrangement with creditors which petition, proceedings, assignment,
or arrangement was not dismissed by final, unappealable order of the court or body having
jurisdiction over the matter.

          (c) Buyer is not insolvent, nor has Buyer admitted in writing the inability to pay its debts
as they become due.

          (d) Buyer’s execution and delivery of this Agreement and all Related Agreements, compliance
with the terms of this Agreement and all Related Agreements, and completion of the transactions
contemplated by this Agreement and all Related Agreements, will not conflict with, or result in a
breach of, any mortgage, lease, agreement or other instrument, or any applicable judgment, order,
writ, injunction, or decree of any governmental authority, to which Buyer is a party or by which it
or its properties is bound.

          7.4 Representations and Warranties. All representations and warranties by Buyer set
forth in this Agreement shall be true and correct at and as of the Closing Date as if such
representations and warranties were made at and as of the Closing Date.

          7.5 Survival. The representations and warranties contained in this Article shall
survive the Closing..

8 QUALITY OF TITLE.

          8.1 Condition of Title. At Closing, title to the Property shall be good and
marketable, free and clear of all liens and encumbrances except for (a) the lien of the current
year’s taxes not yet due and payable), (b) the matters disclosed on Schedule 8, (c) any other
matters existing as a matter of record as of the date hereof that would not prevent or materially
restrict the Property from being used in the same manner that it is currently being used by Seller
and (d) any matters approved by Buyer pursuant to Section 5.1.1 of this Agreement (the foregoing
items (a) through (d) being collectively known as “Permitted Exceptions” hereunder), and insurable
by a title insurance company licensed to do business in Maine and holding membership in the
American Land Title Association, at regular rates.

          8.2 Title Report. Buyer shall advise Seller in writing prior to the expiration of the
Due Diligence Period whether title is acceptable to Buyer. In the event that title to the Property
is not acceptable to Buyer, Buyer shall so notify Seller in writing (the “Title Notice”). The Title
Notice shall include a copy of the title report and binder obtained by Buyer. Seller shall have the
right, but not the obligation, either (a) to cure the objections set forth in the Title Notice on
or before the Closing Date, or (b) to terminate this Agreement by giving notice to Buyer on or
before the date which is five (5) business days after Seller’s receipt of the Title Notice. If no
such notice from Seller concerning such election is received by Buyer by such date, then Seller
shall be deemed to have elected not to cure any such objections and to terminate this Agreement.

          If Seller so elects to terminate or is deemed to have so elected to terminate this Agreement,
then this Agreement shall automatically terminate on that date which is five (5) business days
after such election or deemed election to terminate unless, prior to the expiration of such five
(5) business day period, Buyer waives such objection(s). If this Agreement is so terminated, then
the Deposit shall be returned to Buyer and the parties shall have no further obligations or
liabilities under this Agreement except as such obligations that expressly survive termination of
this Agreement. If this Agreement is not terminated by Seller, and any such objections are not
cured by Seller by the scheduled Closing Date (or within the sixty (60) days next following the
original Closing Date, if Seller elects to extend the Closing Date to cure any objection(s) pursuant to Section 3.2.1 of
this Agreement), then Buyer may at its option, elect either: (y) to waive such objection(s) and
consummate the transaction contemplated by

13

 

this Agreement without adjustment to the Purchase Price
or (z) to terminate this Agreement, in which event the Deposit shall be returned to Buyer.

          Notwithstanding anything to the contrary contained in this Agreement, Seller shall in all
events be obligated to remove, prior to the Closing Date (i) any liens encumbering the Property to
which Seller has consented (such as mortgages); and/or any encumbrances placed or allowed by Seller
with the intent of avoiding Seller’s obligations hereunder (collectively, “Seller Encumbrances”)
and (ii) any liens which can be discharged solely by the payment of money (collectively “Monetary
Liens”).

          If after the expiration of the Due Diligence Period title to the Property becomes encumbered
by any matter (including, without limitation, any attachment or lis pendens) other than a Seller
Encumbrance or a Monetary Lien (which Seller shall in all events be required to discharge), or a
Permitted Exception, Seller shall use reasonable efforts to correct any such encumbrance, except
that Seller shall in no event be required to bring suit or otherwise initiate any legal proceedings
to clear any such encumbrance. If, despite such reasonable efforts, Seller does not remove (by
bonding or otherwise) any such encumbrance to the reasonable satisfaction of the Buyer and Buyer’s
Title Insurer on or prior to the Closing Date (which may be extended by Seller, by written notice
to Buyer from Seller, by up to sixty (60) days to cure any such encumbrance, pursuant to Section
3.1 of this Agreement), then Buyer shall have the option, exercisable by written notice delivered
to Seller on or before the Closing Date, of either (y) accepting the title as it then is and
proceeding to Closing or (z) terminating this Agreement, in which event the Deposit shall be
returned immediately to Buyer and thereupon neither party shall have any further obligation or
liabilities under this Agreement except those that expressly survive termination.

9 ENVIRONMENTAL MATTERS.

          9.1 Representations and Warranties. The Seller represents and warrants to Buyer that:

          9.1.1 the Seller has not received and, to Seller’s actual knowledge, the Property Manager has
not received any notice from a governmental authority that: (A) the Property is in violation of any
Environmental Laws, (B) except as otherwise disclosed in this Agreement, the Property contains any
Hazardous Materials, or any person or entity has caused or permitted any Hazardous Material to be
manufactured, generated, processed, produced, disposed on, at, through, or under the Property or
any Hazardous Materials to be placed, stored, held, transferred, or transported from or to the
Property, (C) there has been a Release on, in, at, under, or from the Property, or (D) Seller is
subject to any Enforcement Action in connection with the Property;

          9.1.2 Except as otherwise disclosed in this Agreement, to Seller’s actual knowledge, during
Seller’s ownership of the Property, no underground tanks have been located on, in, or under the
Property;

          9.1.3 To Seller’s actual knowledge, Seller is not in breach of or has any liability under or
respect to any Environmental Law with respect to the Property;

          9.1.4 Seller has not received any written notice of any contemplated, proposed, or pending
Enforcement Action with respect to the Property.

For purposes of this Agreement, the following capitalized terms shall have the following meanings:

          “Environmental Laws” shall mean any federal, state and local laws, statutes,
ordinances, rules, regulations (including the Comprehensive Environmental Response,
Compensation, and Liability Act of 1980, as amended from time to time (42 U.S.C. § 9601 et
seq.)) (“CERCLA”) and the applicable provisions of all applicable state and local statutes,
as amended from time to time, and rules and regulations promulgated thereunder),
authorizations, judgments, decrees, administrative orders, concessions, grants, franchises,
agreements and other governmental restrictions and requirements relating to the environment.

          “Hazardous Materials” shall mean petroleum and petroleum products and compounds
containing them, including, without limitation, gasoline, diesel fuel and oil; toxic,
corrosive, infectious, carcinogenic,

14

 

mutagenic, explosive and flammable materials;
radioactive materials; polychlorinated biphenyls (“PCBs”) and compounds containing them;
lead and lead-based paint (“LBP”); asbestos or asbestos-containing materials (“ACM”) in any
form that is or could become friable; urea formaldehyde foam insulation; radon gas; Mold;
underground or above-ground storage tanks, whether empty or containing any substance; and
any and all substances (whether solid, liquid or gas) now or in the future which are
regulated by Environmental Laws.

          “Mold” means any microbial or fungus contamination or infestation in the Property of a
type which may pose a risk to human health or the environment or would negatively impact the
value of the Property.

          “Release” means any release, deposit, discharge, emission, leaking, leaching`,
spilling, seeping, migrating, injecting, pumping, pouring, emptying, escaping, dumping,
disposal or other movement of Hazardous Materials.

          “Enforcement Action” means any claim, investigation, suit, arbitration or proceeding,
whether judicial or administrative in nature, including, without limitation, any notice of
potential liability or request for information under CERCLA.

          9.2 Indemnity. BUYER ACKNOWLEDGES THAT TO THE EXTENT THE PROPERTY OR THE
IMPROVEMENTS, IF ANY, CONTAIN HAZARDOUS MATERIALS, SUBJECT TO THE REPRESENTATIONS AND WARRANTIES
MADE BY SELLER IN SECTION ARTICLE 6 AND SECTION 9.1 ABOVE, BUYER SHALL ACCEPT THE PROPERTY
(INCLUDING THE IMPROVEMENTS, IF ANY) AT THE CLOSING IN ITS “AS IS” PHYSICAL CONDITION WITH ALL
FAULTS. BUYER HEREBY EXPRESSLY ACKNOWLEDGES THAT FROM AND AFTER THE CLOSING, SUBJECT TO THE
REPRESENTATIONS AND WARRANTIES MADE BY SELLER IN SECTION ARTICLE 6 AND SECTION 9.1 ABOVE, BUYER
SHALL BE RESPONSIBLE AND LIABLE FOR THE PROPER MAINTENANCE AND/OR HANDLING OF ANY AND ALL HAZARDOUS
MATERIALS, IF ANY, LOCATED IN OR ON THE PROPERTY OR IN THE IMPROVEMENTS, IF ANY, IN ACCORDANCE WITH
ALL ENVIRONMENTAL REQUIREMENTS, INCLUDING THE REGULATIONS AT 40 C.F.R. SECTION 61 AS AUTHORIZED
UNDER THE CLEAN AIR ACT AND ALL REGULATIONS PROMULGATED OR TO BE PROMULGATED UNDER ALL OF THE
APPLICABLE LOCAL, STATE OR FEDERAL LAWS, RULES OR REGULATIONS, AS SAME MAY BE AMENDED FROM TIME TO
TIME. SUBJECT TO THE REPRESENTATIONS AND WARRANTIES MADE BY SELLER IN SECTION ARTICLE 6 AND SECTION
9.1 ABOVE, BUYER HEREBY ASSUMES ALL LIABILITY, IF ANY, FOR AND HEREBY INDEMNIFIES AND HOLDS SELLER
HARMLESS FROM AND AGAINST ANY AND ALL LIABILITY WHICH SELLER MIGHT INCUR FROM AND AFTER THE CLOSING
AS A RESULT OF BUYER’S FAILURE TO COMPLY WITH THE REQUIREMENTS OF THIS SECTION IN CONNECTION WITH
BUYER’S PROPER MAINTENANCE AND/OR HANDLING OF ANY AND ALL HAZARDOUS MATERIALS, IF ANY, LOCATED IN
OR ON THE PROPERTY OR IN THE IMPROVEMENTS, IF ANY. THIS INDEMNIFICATION SHALL SURVIVE THE CLOSING
OF THIS AGREEMENT.

          NOTWITHSTANDING THE FOREGOING, THE INDEMNITY OBLIGATION OF BUYER IN THIS SECTION 9.6 DOES NOT
OBLIGATE THE BUYER TO INDEMNIFY SELLER FOR ANY LIABILITY ARISING OUT OF ANY ENVIRONMENTAL CONDITION
EXISTING ON THE PROPERTY ON OR PRIOR TO CLOSING, EXCEPT TO THE EXTENT THAT SUCH ENVIRONMENTAL
CONDITION WAS CAUSED BY THE BUYER.

10 RISK OF LOSS; INSURANCE.

          10.1 Casualty. If the Property, or any part thereof suffers any damage prior to
Closing from fire or other casualty, which Seller shall have no obligation to repair, Buyer shall
have ten (10) days from receipt of written notice of such event from Seller to advise Seller that Buyer intends to either (a) terminate
this Agreement in which event Buyer shall be entitled to a full refund of the Deposit held by the
Escrow Agent; or (b) consummate the

15

 

Closing, in which latter event the proceeds of any insurance
and any insurance claims covering such damage, up to the amount of the Purchase Price, shall be
assigned to Buyer at Closing, and Seller shall credit Buyer for the amount of any deductible under
such insurance. If Seller does not receive any such notice from Buyer within such ten (10) day
period, then Buyer shall be deemed to have elected option (b) of this Section 10.1.

          10.2 Condemnation. If, prior to Closing, action is initiated or threatened to take
any of the Property by eminent domain proceedings or by deed in lieu thereof, Buyer shall have ten
(10) days from receipt of written notice of such event from Seller to advise Seller that it intends
to (a) terminate this Agreement in which event Buyer shall be entitled to a full refund of the
Deposit held by the Escrow Agent; or (b) consummate the Closing, in which latter event the award of
the condemning authority shall be assigned to Buyer at the Closing. If Seller does not receive any
such notice from Buyer within such ten (10) day period, then Buyer shall be deemed to have elected
option (b) of this Section 10.2.

11 DEFAULT AND REMEDIES.

          11.1 Remedies. In the event of Buyer’s failure to close on the acquisition of the
Property pursuant to the terms of this Agreement, Seller shall be entitled to the Deposit paid to
date as fixed and liquidated damages, which shall constitute Seller’s sole and exclusive remedy at
law or in equity for such failure, and Buyer shall have no further liability hereunder. In the
event of a default by Seller of its obligations under this Agreement, Buyer shall have the
following remedies: (i) to terminate this Agreement by giving Seller written notice of such
election at or prior to Closing, whereupon Escrow Agent shall return the Deposit and this Agreement
shall be of no further force and effect except for Seller’s obligations pursuant to Section 11.2
hereof and except with respect to obligations which expressly survive termination of this
Agreement, or (ii) to obtain a court order for specific performance. In no event shall Buyer or
Seller be liable to the other for any punitive, speculative, consequential or other damages
resulting from a default hereunder.

          11.2 Reimbursement of Buyer Diligence Costs. In the event Buyer elects to terminate
this Agreement pursuant to the foregoing Section 11.1 as a result of a material breach or material
default (beyond the expiration of any cure period) by Seller of the provisions of this Agreement,
Seller shall reimburse Buyer for Buyer’s out-of-pocket third party costs and expenses incurred in
connection with the negotiation of this Agreement and in conducting its Diligence, but in no event
in an amount more than $75,000.00.

          11.3 Holdback.

               11.3.1 In order to secure any liability of Seller that, according to the express terms and
conditions of this Agreement, survive the Closing, Seller shall deposit with Escrow Agent at
Closing funds (the “Holdback Funds”) in the amount of Four Hundred Thousand and No/100 Dollars
($400,000.00). Escrow Agent shall hold and/or disburse the Holdback Funds in accordance with this
Section 11.3.

               11.3.2 Escrow Agent shall deliver some or all of the Holdback Funds to Buyer or Seller, as the
case may be, as follows:

                    11.3.2.1 to Buyer, after receipt of Buyer’s written demand in which Buyer certifies that (i)
Seller has a cash liability in a specified amount to Buyer under the terms of this Agreement and
that Buyer is thereby entitled to receive such specified amount from the Holdback Funds; but Escrow
Agent shall not honor Buyer’s written demand until more than fifteen (15) business days after
Escrow Agent has sent a copy of Buyer’s written demand to Seller and Seller’s counsel in accordance
with Section 13.2 hereof, nor thereafter if Escrow Agent receives a Notice of Objection (as
hereinafter defined) from Seller or Seller’s counsel within such fifteen (15) business day period;
or

                    11.3.2.2 to Seller, (a) after receipt of Seller’s written demand following the date which is
ninety (90) days following the Closing Date, $200,000 of the Holdback Funds; (b) after receipt of
Seller’s written demand following the date which is one hundred eighty (180) days following the
Closing Date, the amount of
$100,000 of the Holdbank Funds; and (c) after receipt of Seller’s written demand following
expiration of the Survival Period, the balance of the Holdback Funds.

16

 

Upon receipt of a written demand from Buyer or Seller under the foregoing Sections 11.3.2.1 or
11.3.2.2, Escrow Agent shall send a copy of such written demand or notice to the other party.
Buyer shall have no right to make a demand for distribution of any portion of the Holdback Funds
from and after, and Escrow Agent shall immediately honor any written demand by Seller for
distribution of such portion of the Holdback Funds as to which Buyer has made no demand for
distribution prior to, the last day of the Survival Period.

                    11.3.3 Escrow Agent shall at all times place and maintain the Holdback Funds in an Approved
Investment Account (as defined below). The interest, if any, which accrues on such Approved
Investment shall be deemed part of the Holdback Funds. Escrow Agent may not commingle the Holdback
Funds with any other funds held by Escrow Agent.

                    11.3.4 If Escrow Agent is uncertain for any reason whatsoever as to its duties or rights
hereunder, notwithstanding anything to the contrary herein, Escrow Agent may (a) hold the Holdback
Funds, (b) deposit the Holdback Funds into any court of competent jurisdiction and bringing of any
action of interpleader or any other proceeding; and/or (c) in the event of any litigation between
Buyer and Seller, deposit the Holdback Funds with the clerk of the court in which such litigation
is pending. If the Holdback Funds are deposited in a court of competent jurisdiction by Escrow
Agent, Escrow Agent shall be entitled to rely upon the decision of such court. In the event of any
dispute whatsoever among the parties with respect to disposition of the Holdback Funds, Seller and
Buyer shall pay the attorney’s fees and costs incurred by Escrow Agent (which said parties shall
share equally, but for which said parties shall be jointly and severally liable) for any litigation
in which Escrow Agent is named as, or becomes, a party.

12 CURE OF DEFAULT. No failure or default by Buyer or Seller shall result in the
termination or limitation of any right granted hereunder or the exercise of any rights or remedies
with respect to such failure or default unless and until Buyer or Seller shall have been notified
in writing by the other party of such failure and shall have failed to remedy the same within
fifteen (15) days after the receipt of such written notice. If such failure or default cannot
reasonably be cured within such fifteen (15) day period, then the curing party shall be entitled to
an additional period in which to effect such cure; provided, that the curing party shall (a)
commence action to cure the default or failure within the initial fifteen (15) day period referred
to above, (b) diligently pursue completion of the curative action, and (c) complete such cure, to
the other party’s reasonable satisfaction within fifteen (15) days after expiration of the initial
fifteen (15) day period referred to above.

13 MISCELLANEOUS.

          13.1 Broker’s Commission. Except for Pinnacle Realty Investments (the “Broker”) which
is being paid by Seller pursuant to a separate agreement, and Grubb & Ellis/Paragon Commercial Real
Estate, which is being paid by Buyer pursuant to a separate agreement, neither Seller nor Buyer has
contacted any real estate broker, finder or similar person in connection with the transaction
contemplated hereby. To the actual knowledge of Seller and Buyer, no Acquisition Fees (as
hereafter defined) have been paid or are due and owing to any other person or entity. As used
herein, “Acquisition Fees” shall mean all fees paid to any person or entity in connection with the
selection and purchase of the Property, including real estate commissions, selection fees, and
non-recurring management and start-up fees, development fees or any other fee of similar nature.
Seller and Buyer each hereby agree to indemnify and hold harmless the other from and against any
and all claims for Acquisition Fees or similar charges with respect to this transaction arising by,
through or under the indemnifying party and each further agrees to indemnify and hold harmless the
other from any loss or damage resulting from an inaccuracy in the representations contained in this
Section 13.1. This indemnification agreement of the parties shall survive the Closing.

          13.2 Notices. Any notices, requests, demands or other communications hereunder shall
be in writing and sent by (i) certified mail, return receipt requested, (ii) by commercial
overnight or other courier service providing a receipt upon delivery, or (iii) by facsimile
transmission (provided the original notice is subsequently delivered in person or by mail or
delivery service as set forth herein) addressed as follows:

17

 

	 	 	 

	TO BUYER:

	 	athenahealth

 311 Arsenal Street

Watertown, MA 02472

Attn: Timothy O’Brien and Daniel Orenstein

Phone: 617.402.1678

Fax: 617.402.1099
	 
	 	 
	COPY TO:

	 	Goodwin Procter LLP

Exchange Place

53 State Street

Boston, MA 02109

Attn: Christopher B. Barker

Phone: 617.570.1462

Fax: 617.227.8591
	 
	 	 
	TO SELLER:

	 	Northport, LLC

c/o Erickson Retirement 
Communities, LLC

701 Maiden Choice Lane

Baltimore, Maryland 21228

Phone: 410-402-2356

Fax: 410-402-9691
	 
	 	 
	COPY TO:

	 	Karl Zeile

Capital Research & 
Management Company

11100 Santa Monica 
Boulevard

Los Angeles, California 90025

Phone: 310-996-6334

Fax: 310-996-6512
	 
	 	 
	COPY TO:

	 	Anthony T. Fratianne, Esq.

Drummond Woodsum & 
MacMahon

84 Marginal Way, Suite 600

Portland, Maine 04101-2480

Phone: 207-772-1941

Fax: 207-772-3627

          All such notices shall be deemed given when delivered to the addressee, as evidenced by a
facsimile confirmation sheet, the return receipt provided to the sending party by the United States
Postal Service or confirmation of delivery by the commercial overnight or other courier service, as
the case may be. Any changes to the above addressees and/or addresses shall be effective upon the
giving of a notice of any and all such changes to the other party in accordance with the terms of
this subparagraph.

          13.3 Survival. Except as otherwise provided herein, all representations, warranties,
covenants, agreements and indemnifications set forth in or made pursuant to this Agreement shall
remain operative and shall survive the Closing and the execution and delivery of the deed and bill
of sale to the Property conveyed pursuant to this Agreement, and shall not be merged therein.

          13.4 Entire Agreement. This Agreement contains the entire agreement between the
parties hereto and is intended to be an integration of all prior agreements, conditions or
undertakings between the parties hereto. Except as expressly set forth herein or as contained in
contemporaneous written agreements, there are no promises,
agreements, conditions, undertakings, warranties or representations, oral or written,
expressed or implied, between Buyer and Seller.

18

 

          13.5 Relationship of the Parties. Notwithstanding any other provision of this
Agreement, or any agreements, contracts or obligations which may derive herefrom, nothing herein
shall be construed to make the parties hereto partners or joint venturers, or to render either
party liable for any of the debts or obligations of the other party, it being the intention of this
Agreement to merely create the relationship of Seller and Buyer with regard to the Property to be
conveyed pursuant hereto.

          13.6 Amendments; Waivers. No change or modification of this Agreement shall be valid
unless the same shall be in writing and executed by Buyer and Seller. No purported or alleged
waiver of any of the provisions of this Agreement shall be binding or effective unless in writing
and signed by the party against whom it is sought to be enforced.

          13.7 Assignment.

          13.7.1 Buyer may assign this Agreement (without the written consent of Seller) to any entity
with whom Buyer may merge or consolidate; otherwise, Buyer may not assign its rights and
obligations hereunder without the prior written consent of Seller, such consent not to be
unreasonably withheld, delayed or conditioned. Notwithstanding the foregoing, Buyer may upon prior
written notice to Seller given not less than three (3) Business Days prior to the Closing may
assign its rights and delegate is duties under this Agreement to an entity which is owned or
controlled by or under common control with, directly or indirectly, Buyer for the purposes of
closing on the transaction provided that such assignment shall not delay the Closing and shall not
require Seller to obtain any additional or revised third party consents, certificates or approvals.

          13.7.2 Seller may assign this Agreement (without the written consent of Buyer) to any entity
with whom Seller may merge or consolidate; otherwise, Seller may not assign its rights and
obligations hereunder without the prior written consent of Buyer, such consent not to be
unreasonably withheld, delayed or conditioned.

          13.7.3 No transfer by Seller or Buyer, whether with or without the consent of the other party:
(i) shall operate to release such transferring party or alter such party’s primary liability to
perform its obligations under this Agreement or (ii) shall cause the other party to incur any cost
or other economic detriment in connection with such transfer. Subject to the foregoing, this
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
permitted successors and assigns.

          13.8 Applicable Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Maine.

          13.9 Counterparts. This Agreement may be executed in two or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same
instrument.

          13.10 Authority. Each party warrants to the other that it has full authority to enter
into and perform this Agreement, and that the parties executing this Agreement have been fully
authorized to do so. Buyer represents to Seller that Buyer is duly organized, validly existing and
in good standing under the laws of the State of Delaware, and is qualified to do business in Maine.
Seller represents to Buyer that Seller is duly organized, validly existing and in good standing
under the laws of the State of Maryland and in good standing under the laws of the State of Maine.

          13.11 Time. Subject to the cure provisions hereof, time shall be of the essence in
this Agreement.

          13.12 INTENTIONALLY LEFT BLANK.

          13.13 Partial Invalidity. If any term, covenant or condition of this Agreement or the
application thereof to any person or circumstance shall be invalid or unenforceable, then the
remainder of this Agreement or the application of each term or provision hereof to persons or
circumstances other than those to which it is held invalid
or unenforceable shall not be affected thereby, and each term shall be valid and enforceable
to the fullest extent permitted by law.

19

 

          13.14 Date. If the last day of any time period or any date for the performance of the
Closing or other action specified herein, falls on a Saturday, Sunday or legal holiday, the period
of the required action shall be extended until 5:00 PM on the next business day. This Agreement
shall be dated as of the date that fully executed originals are delivered to each of the parties
hereto.

          13.15 Successors and Assigns. The parties hereto hereby bind themselves, their heirs,
personal representatives, successors and permitted assigns for the faithful performance of this
Agreement.

          13.16 Attorneys’ Fees. In the event it becomes necessary for either party hereto to
file suit to enforce this Agreement or any provision contained herein, the party prevailing in such
suit shall be entitled to recover, in addition to all other remedies or damages as herein provided,
reasonable attorneys’ fees incurred in such suit.

14 ESCROW AGREEMENT.

          14.1 Deposit. The Escrow Agent shall place all sums held by the Escrow Agent (the
“Escrowed Sums”) in an interest bearing account with any federally insured trust company, bank,
savings bank, savings association, or other financial services entity approved by Seller and Buyer,
in the name of Escrow Agent with the designation “as escrow agent” (an “Approved Investment
Account”). Seller and Buyer agree to separately execute any escrow agreement reasonably requested
by the Escrow Agent.

15 CONFIDENTIALITY.

          15.1 Non-Disclosure. From and after the date of this Agreement or unless with the
prior written consent of the other party, neither Buyer nor Seller shall prior to the Closing (i)
make or permit to be made any announcements or press releases concerning the terms of this
Agreement, or (ii) or except as required by applicable law, disclose or permit to be disclosed,
directly or indirectly, to any person or entity any Confidential Information. For purposes of this
Agreement, the term “Confidential Information” shall mean, with respect to any person, all
non-public information regarding the Property or this transaction, of whatsoever nature made
available to such person, pursuant to the terms of this Agreement.

          15.2 Limited Disclosure to Advisors. Notwithstanding the foregoing Section 15.1, each
party shall have the right to disclose Confidential Information to its employees, investors,
partners, lenders, attorneys, accountants, prospective lenders, affiliates and agents, and/or to
any government agency, tribunal or other body, to the extent such disclosure is (a) reasonably
necessary in connection with the evaluation or consummation of this transaction or (b) required by
applicable law, including without limitation any required disclosures under any applicable
securities laws.

          15.3 Limited Responses to Media Inquiries. Notwithstanding the foregoing Section
15.1, Buyer and Seller shall have the right to respond to media inquiries initiated by any third
parties and, to the extent reasonably required to protect their respective commercial interests,
make announcements or press releases in response to any similar announcements or press releases
that are made by third parties; provided, however, that in no event shall Buyer or Seller disclose
in such announcements or press releases the economic terms of this Agreement or the identity of the
other party to this Agreement.

          15.4 Recording; Equitable Interest. This Agreement shall not be recorded. Prior to
Closing, this Agreement shall not be deemed or construed to give Buyer any equitable ownership of,
or title to, the Property.

16 WARN ACT.

     In the event that Seller terminates the existing management agreement with Property Manager
pursuant to Section 3.3.11 hereof, Buyer agrees that it shall offer to hire or cause to be offered
to be hired effective at and upon the Closing, and after the Closing shall maintain or cause to be
maintained the employment of, in each case upon terms and conditions of employment sufficiently similar to terms and conditions prior to
Closing, a sufficient

20

 

number of Employees so that none of Seller, Property Manager or their respective affiliates shall
be required to give any layoff, closing or other termination notices or otherwise incur any
liability pursuant to the provisions of the WARN Act or any Maine law comparable to the WARN Act.
Seller shall cause Property Manager to cooperate reasonably with Buyer or its designated Resort
manager to facilitate Buyer’s compliance with this Section 16. If Buyer, or any designee or
management company engaged by Buyer to employ Resort personnel, elects not to hire a particular
Employee at Closing, or, if following the Closing, Buyer or such designee or management company
desires to terminate the employment of any Employee hired by Buyer or its designee or management
company, Buyer shall be solely responsible for complying or causing compliance with all applicable
provisions of federal, state and municipal laws and regulations relating to such action, including
without limitation any applicable provisions of the WARN Act. It is agreed that the number of
Employees hired, the selection of which Employees are hired, and the initial terms and conditions
of employment for each Employee hired by Buyer, or its designee or management company engaged by
Buyer to employ Resort personnel, shall be solely determined by Buyer or such designee or
management company, provided such terms and conditions of employment satisfy the provisions of this
Section 16. Buyer shall, subject to Buyer’s receipt of an accurate Employee Roster and WARN Act
Schedule pursuant to Section 5.1.13 above, save, protect, defend, indemnify and hold Seller and its
affiliates harmless from and against any losses (including, but not limited to, payments made to
Property Manager as the employer of the Employees) which may be incurred or suffered by any of them
under the WARN Act arising out of, or relating to, any actions taken by Buyer prior to, on or after
the Closing Date with respect to Buyer’s obligations under this Section 16.

[Signatures Follow]

21

 

     IN WITNESS WHEREOF, each of the parties hereto has executed or caused this Agreement in
counterparts to be executed by its duly authorized officer on the day and year designated next to
their respective signatures.

	 	 	 	 	 	 	 	 	 

	WITNESS:

	 	 	 	SELLER:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	POINT LOOKOUT, LLC, 
 a Maryland limited liability company	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	THE ERICKSON FOUNDATION, INC.,
 a Maryland corporation Its manager
	 	 
	 
	 	 	 	 	 	 	 	 
	[ILLEGIBLE] 

	 	 	 	Name:	 	/s/ Scott R. Erickson	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Scott R. Erickson	 	 
	 

	 	 	 	 	 	Director	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Date:	 	3/29/2011	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	WITNESS:

	 	 	 	BUYER:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	athenahealth, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Timothy M. Adams	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Timothy M. Adams	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	CFO	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Date:	 	3/29/2011	 	 
	 

	 	 	 	 	 	 	 	 

     Entered into
this 29th day of March, 2011, solely for the purpose of agreeing to be bound by
the terms and provisions applicable to the Escrow Agent in this Agreement.

	 	 	 	 	 	 	 	 	 

	 	 	 	 	ESCROW AGENT:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Jason Jones	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	Jason Jones	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	Manager Centralized Escrow Service	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Date:	 	3/29/2011	 	 
	 

	 	 	 	 	 	 	 	 

22

 

Exhibit A

DESCRIPTION OF THE LAND

23

 

(1) THAT tract of land located on the northerly side of U, S, Route I
and the southerly shore of Knights Pond in the Town of Northport, County of
Waldo, State of Maine, being more particularly described as follows:

BEGINNING at a paint on the northerly right-of-way line of U. S. Route 1 at the
northeast corner of land conveyed by Brace bridge Corporation
to the State of Maine as described in a deed recorded in Book 2035, Page
141 of the Waldo County Registry of deeds. Said paint of beginning being N 78°12’03” W and 1398.46 feet from a 5/8 inch rebar set at the southwest
corner of land formerly of Paul T. & Melissa Andrews (Bo 1657-p.212), Said point
of beginning also being 50 feet northerly of the baseline shown on a plan by the
Maine Department of Transportation dated July 2000 and filed in D.O. T. File No. 14-24B as
measured along a line normal to station 22+50.00 of said baseline.

THENCE southwesterly along said land conveyed by Bracebridge Corporation to the State of
Maine as described in a deed recorded in Book 2035, Page 141 and along a curve
concave to the southeast having a radius of 1482.50 feet and an arc length of
272. 31 feet. The chord of this curve bears S 86°57’47” W a distance
of 271.93 feet.

THENCE S 81’42’03” W along said land conveyed by Braccbridge Corporation to the State of
Maine as described in a deed recorded in Book 2035, Page 141, a distance of 695.04 feet.

THENCE southwesterly along said land conveyed by Bracebridge Corporation to the State of
Maine as described in a deed recorded in Book 2035, Page 141 and along a curve
concave to the southeast having a radius of 1482.50 feet and an are length of
95.04 feet, The, chord of this curve bears S 79°51’5 l” W a distance
of 95.02 feet.

THENCE S 11°58’20” E along said land conveyed by Bracebridge Corporation to the State of
Maine as described in a deed recorded in Book 2035, Page 141, a distance
of 6. 07 feet to the northerly right-of-way line of U. S. Route One.

THENCE southwesterly along a stone wall and said northerly right-of-way line
of U, S, Route 1 to a 5/8 inch rebar set at the corner of a stone wall. The tie
line along this course is S 72°5l “27” W and 196,72 feet,

THENCE S 66’08’08” W along said stone wall and the northerly right-of-way line of V, S,
Route 1, a distance of 41.88 feet to a 5/8 inch rebar set.

THENCE S 72°18’02” W along the northerly right-of-way line of U, S, Route
1, a distance of 512.01 feet to a 5/8 inch rebar set.

THENCE N 05°l2’01” W along said right-of-way line of U, S, Route 1, a
distance of 12.29 feet to a 5/8 inch rebar set.

THENCE S 72°18’02” W along the northerly right-of-way line of U. S. Route 1, a distance
of

Exhibit A — Page 2

 

 

105.84 feet to a 5/8 inch rebar set,

THENCE S 17°4l’58” E along said right-of-way line of U. S. Route I, a
distance of 12.00 feet to a 5/8 inch rebar set.

THENCE S 72°l8’02” W along the northerly right-of-way line of U. S.
Route I, a distance of 13.67 feet to a 5/8 inch rebar set at P.T. Station
3+36.33.

THENCE southwesterly along a curve concave to the northwest having a radius of
2652. 80 feet, a delta angle of 01°07’18”, and an arc length of 51.93
feet to a 5/8 inch rebar set at the southeast corner of land now or formerly of
Isabel Z. Ames (Bk 796-p. 389). The chord along this curve is S 72°5l’4l”
W and 51.93 feet.

THENCE northwesterly partially along a stone wall and easterly line of said
land now or formerly of Ames to a 5/8 inch rebar set, The tie line along this
course is N 08°03’44” W and 279.46 feet.

THENCE S 80°25’l5” W along the northerly line of said land now
or formerly of Ames, a distance of 282. 08 feet to a 5/8 inch rebar set.

THENCE northwesterly partially along a stonewall and on or near the easterly
line of land now or formerly of Preston A. Wade, et ales (Bk
601-p.285) to a 5/8 rebar found. The tie line along this course is N
08°49’33” W and 4055.72 feet.

THENCE N 08°52’ l l’ W along said land now or formerly of
Preston A. Wade, et als (Bk 601-p. 285) and on or near the easterly line of
Hans & Briggita Gautschi (Bk 801-p.113) a distance of 408.65 feet to a 5/8 inch
rebar found at the southwest corner of land now or formerly of The Nature
Conservancy of The Pine Tree State (Bk 1071-p.72).

THENCE N 69°16’l3” E along the southerly line of said land now or formerly of The Nature
Conservancy of The Pine Tree State, a distance of 1295.78 feet to a 5/8 inch rebar found.

THENCE S 19°46’48” E along the westerly line of said land now or formerly of The Nature
Conservancy of The Pine Tree State, a distance of 400. 02 feet to a 5/8 inch rebar found,

THENCE N 69° l 9’08” E along the southerly line of said land now or formerly
of The Nature Conservancy of The Pine Tree State, a distance of 607.69 feet to 1⁄2 inch
pipe found,

THENCE N 17°34’2l” W along the easterly line of said land now or formerly of The Nature,
Conservancy of The Pine Tree State, a distance of 130.60 feet to 3⁄4 inch pipe found.

THENCE in the same direction along the northeasterly line of said land now or
formerly of The Nature Conservancy of the Pine Tree State, a distance of 40 feet
to the high water line of Knights Pond.

THENCE in n general direction of east, north and southeasterly along the high water line of the

Exhibit A —Page 3

 

 

southerly shore of Knights Pond, a distance of 1232 feet to southwesterly
line of land now or formerly of the Town of Northport (Bk 651 “p.401).

THENCE S 19°l9’27” E along the southwesterly line of said land now or
formerly of the Town of Northport, a distance of 15 feet to a 5/8” rebar set.
The following tie lines from the 3⁄4 inch pipe found to the 5/8 inch rebar set
are as follows — S 85°56’28” E and 311,78 feet to a stone
monument and g 36°l l ’02” E and 167.58 feet to the 5/8
inch rebar set.

THENCE S 19°19’27” E along the southwesterly line of said land now
or formerly of the Town of Northport, a distance of 2545.96 feet to a 5/8 inch
rebar set.

THENCE N 71°l3 ’27” E along the southerly line of said land now or formerly of the Town
of Northport, a distance of 750.87 feet to a 5/8 inch rebar set on the apparent southwesterly
right- of-way line of Knights Pond Road.

THENCE southeasterly along said apparent southwesterly right-of-way line of
Knights Pond Road and said land now or formerly of the Town of Northport to a
5/8 inch rebar set. The tie line of this course bears S 38°56’57”
E and 256.45 feet.

THENCE S 18°46’33” E along the southwesterly line of said land now
or formerly of the Town of Northport, a distance of 287.29 feet to a 5/8 inch
rebar set.

THENCE N 71°l3’27” E along the southeasterly line of said land now
or formerly of the Town of Northport, a distance of 87.98 feet to a 5/8 inch
rebar set on the apparent southwesterly right-of-way line of Knights Pond
Road.

THENCE N 71°l3’27” E crossing said Knights Pond Road and along the
southeasterly line of said land now or formerly of the Town of Northport, a
distance of 471.83 feet to a 5/8 inch rebar set.

THENCE S 18°46’33” E along said land now or formerly of the
1nhabitants of the Town of Northport, a distance of 330.00 feet to a stake
and stones found,

THENCE N 71°50’42” E along said land now or formerly of the
Inhabitants of the Town of Northport, a distance of 401.87 feet to a stake
and stones found.

THENCE southeasterly partially along a stone wall and along land now or formerly
of Ryanland Limited Partnership, LLP (BK 1712-P.237, Parcel 1)
to a stake and stones found. The tie line for this course is S
18°50’56” E and 962.45 feet.

THENCE S 69°09’27” W along said land now or formerly of Ryanland Limited Partnership,
LLP, a distance of 249.22 feet to a 5/8 inch rebar set.

Exhibit A — Page 4

 

 

THENCE S 20°50’33” E along said land now or formerly of Ryan land Limited
Partnership, LLP, a distance of 594.34 feet to a stake and stones found at the northeast corner of
land now or formerly of Allan & Renate Tower (BK 821-P.367),

TIKNCE S 71°I 3’27” W along said land now or formerly of Tower, a
distance of 175,45 feet to a 5/8 inch rebar set,

THENCE southeasterly partially along a stone wall and along said land now or formerly of Tower to a
5/8 inch rebar set on the northerly right-of-way line of U. S, Route 1. The tie-line for this
course is S 18°46’33” E and 468, 72 feet.

THENCE southwesterly along said northerly right-of-way line and along a curve
concave to the northwest having a radius of 1686.00 feet and an are length of
607, 06 feet to a 5/8 inch rebar found capped “LABRANCIIE” on the
westerly right-of-way line of Knights Pond Road. The chord of’ this curve is S
77°29’06” W and 603.79 feet.

THENCE N 88°l 3’34” W along said northerly right-of-way line of U,
S, Route 1, a distance of 147.06 feet to n. 5/8 inch rebar set.

THENCE northwesterly along said northerly right-of-way line of U, S. Route I
to a 5/8 inch rebar set. The tie-line for this course is N 82°09’09”
W and 354.51 feet.

THENCE northwesterly approximately 1400 feet along said northerly right-of-way
line, of U, S. Route I back to the point of beginning, The tie-line for this
course is N 78°l2’03” W and 139846 feet.

TOGETHER with any and all rights the grantor may have in
and to the shore of Knight’s Pond that is appurtenant to the above
described property.

EXCEPTING AND RESERVING so much of the following rights-of-way as are now
in existence and legally enforceable:

A 20 foot wide easement granted from Cassida to Bubal (BK 832, PG 226)

Book 604, Page 330 reserves rights-of-way to the Richards and Miller lots

ALSO CONVEYING any interest in the right-of-way granted by the Town of Northport to Bublak in Book
785, Page 764.

ALSO CONVEYING all rights in that certain right-of-way granted from the Town of Northport

Exhibit A
— Page 5

 

 

to David Cassida and Marilyn Cassia in a boundary agreement dated June
14, 1996 and recorded in the Waldo County Registry of Deeds in Book 1621,
Page 088.

SUBJECT TO a public easement 3 rods wide over Knights Pond Road as
described in a stipulated judgment, dated January 21, 2000, in an action
captioned “Inhabitants of the Town of Northport v. Edward J. Lenza, Jar, “,,Waldo
County Superior Court (CV-99-29), recorded in the Waldo County Registry of Deeds
in Book 1975, Page 211.

SUBJECT TO the terms, conditions,,restrictions and easements described in
a conservation easement granted by Bracebridge Corporation to Coastal
Mountains Land Trust recorded in Book 2004, Page 57 and Book 2498, Page 263.

SUBJECT TO utility easements granted by Bracebridge Corporation to Central Maine Power Company
recorded in Book 2266 Page 002,

SUBJECT TO drainage easements granted by Bracebridge  Corporation
to the State of Maine recorded in Book 2035, Page 141.

SUBJECT TO Department Orders of the State of Maine Department of Environmental Protection recorded
in the Waldo County Registry of Deeds in Book 1855, Page 271, Book 1870, Page 308, Book 1913, Page
182, Book 1913, Page 186, Book 1949, Page 293, Book 1955, Page 077,,Book 1966, Page 272, Book
1994,Page 20 7, Book 2029,,Page 138, Hook 2058, Page 006, Book 2067, Page 123, Book 2081, Page 043,
Book 2081, Page 048, Book 2093, Page 309, Book 2180, Page 021, Hook 2180, Page 025, Book 2188,
Page 183, Book. 2253, Page 017, Book 2255, Page 189, and Book 2429, Page 003.

MEAN1NG and intending to describe 387.3 acres of land as shown on a plan entitled “BRACEBRIDGE
CORPORATION, NORTHPORT SITE, OVERALL SURVEY PLAN”, by Gartley & Dorsky Engineering &
Surveying dated January 16, 2006. All directions are Magnetic North 1987. All 5/8 inch rebar set
are marked with a plastic surveyor’s cap stamped “COFFIN ENG PLS 1292” or “COFFIN ENG 1292 2290”.

For source of title see the following deeds to Bracebridge Corporation and MBNA Properties,
Inc, . as recorded in the Waldo County Registry of Deeds: Hook 1522-Page 306, Book 1591-Page
225, Book 2096-Page 253, Book 1615-Page 55, Book 1617-Page 110,,Book 1621-Page 97,
Book 1676-Page 245, Book 1975-Page 214, Hook 1983-Page 101, Hook 2090-Page 265,
Book 2129- Page 148, excepting there from a parcel conveyed by Bracebridge
Corporation to the State of Maine at Book 2035, Page 141, MBNA Properties, Inc.
changed its name to Bracebridge Corporation as stated on a Certificate recorded
in Book 1624, Page 126.

(2)Often Tract

Exhibit A — Page 6

 

 

Three certain lots or paretic of land, together with
any buildings thereon, situated in the Town of Lincolnville,
County of Waldo, State of Maina, bounded and described as
follows:

PARCEL ONE: BEGINNING on the southerly side of County Road
leading from Duck Trap Bridge to Northport at the northeasterly corner of
land of Marjorie Sheets, now or formerly, being the lot deeded
to Harry Thomas Nightingale toy Augusta E. Wade
by deed recorded in Waldo Registry at Book 317, Page. 323; thence
by said road generally northeasterly 112 feet, more or
less, to land now or formerly of Helen Porter;
thence turning and following line of said Porter
southerly 132 feet, more or less, to a corner; thence turning
and running generally easterly on line of said Porter 78
feet, more or less, to a stone wall; thence turning
and running generally southerly by line of said Porter
indicated by a stone wall and continuing to Penobscot Bay,
the same being 500 feet, more or less; thence turning and
running generally westerly by line of Penobscot Bay 270 feet, more
or less, to land of heirs of E. L. Wade;
thence turning and running generally northerly by line of said Wade’s
land 576 feet, more or less, to line of land of Marjorie
Sheets, now or formerly; thence turning and running
generally easterly by line of said Sheets 74 feet,
more or less, to a corner; thence turning and running
generally northerly by line of said Sheets 165 feet, more or less, to
place of beginning at the road, The above-described real
estate being all of the same located southerly of the road above
mentioned. This is a part of the real estate formerly owned by
Benjamin wade and by him willed to Augusta E. French who
was the owner of the same at the time of
her decease,

PARCEL TWO: BEGINNING at the southerly side of the County.
Road leading from Duck Trap Bridge, so-called, Co
Northport nearly opposite Austin Wade’s house, now or
formerly, where the wall

Exhibit A — Page 7

 

running to the shore joins the wall on the road; thence on said wall
first mentioned southerly 8 rods to a stake and stones; thence
westerly on same course of the road 4 rods and 12 feet
to a stake and stones; thence northerly on such a course as will
strike the road 4 rods from the place of beginning 8 rods;
thence on said road easterly 4 rods to the place of beginning.

FOB REFERENCE to PARCEL ONE and PARCEL TWO above, see Warranty Deed
from Anne G. Lamont and John R. Porter to Robert P. and
Rebecca Otten, and Walfred and Mary Scofield dated December 31, 1986
and recorded at the Waldo County Registry of Deeds in Book 939,
Page 252 and deed of Walfred and Mary scofield to Robert P. and
Rebecca Otten dated April 5, 1991, and recorded in the Waldo Registry
of Deeds in Book 1212, Page 107.

PARCEL THREE: BEGINNING at a stake and stones in the line of U.S.
Route #1 leading from Ducktrap to Belfast on the southerly side of
said road; thence westerly on said road about eight and one-half rods
to land formerly of Helen D. Porter; thence southerly by said land
formerly of Helen D. Porter along the stone wall to Penobscot Bay;
thence easterly along the line of shore of said Bay to land now or
formerly of Wade; thence northerly thirty-five rods, more or less, by
the land of said Wade to the place of beginning.

RESBRVING to the grantors, their heirs and assigns, a right-of-way
over and across the premises hereby conveyed to land now or formerly
of Wilhelmina A. Layton adjacent thereto for use in common with the
grantee; said right-of-way to be over and across the present driveway
on said premises as now laid out and established, expressly limiting
the right herein reserved to ingress and egress and specifically
excluding the right within this reservation to park any vehicle within
the limits of said driveway.

FOR REFERENCE to PARCEL THREE, see Warranty Deed from Wilhelmina A.
Layton to Robert P. Otten and Rebecca W. otten dated April 12, 1985
and recorded at the Waldo County Registry of Deeds in Book 845, Page
131.

EXCEPTING AND RESERVING THEREFROM that portion of the above-described
parcels as described in deed of Robert P. Otten and Rebecca Otten to
Sheri s. McGrath dated December 22, 1992 and recorded at the Waldo
County Registry of Deeds in Book 1345, Page 206.

(3) Niles Tract

That certain lot or parcel of land situated in Northport, Waldo County, Maine, bounded and
described as follows:

Exhibit A — Page 8

 

     BEGINNING at the high water mark of Penobscot Bay near an iron rod set
in the shore of Penobscot Bay, which rod is located one hundred sixty (160)
feet, more or less, easterly of a point at the intersection of the
boundary line dividing the Town of Lincolnville and the Town of
Northport, and Penobscot Bay; thence North 06’ East, four hundred ninety-one (491) feet,
more or less, to an iron rod set in the southerly line of U.S. Route l;
thence easterly following the line of U.S. Route 1, one hundred ninety (190)
feet, more or less, to an iron rod; thence south 04” West, five hundred fifty-four
(554) feet, more or less, to an iron rod set in the shore of
penobscot Bay; thence westerly following the high water mark of Penobscot Bay, two
hundred (200) feet, more or less, to the place of beginning.

     MEANING AND INTENDING to describe and to convey herein the same
premises conveyed by Elaine M. Niles to Richard I. Niles and Elaine M.
Niles dated June 17, 1983 and recorded at the Waldo County Registry of Deeds
in Book 811, Page 911.

Exhibit A — Page 9

 

Exhibit B

PERSONAL PROPERTY

24

 

	 	 	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2008

	 	FACILITIES
	 	Chevrolet
	 	VIN1GCFH154881192858

	2008

	 	FACILITIES
	 	Chevrolet
	 	VIN1GCFH154081150958

	2008

	 	FACILITIES
	 	Chevrolet
	 	VIN1GCGG25C481104411

	2008

	 	FACILITIES
	 	Chevrolet
	 	VIN1GCGG25C181105029

	2008

	 	FACILITIES
	 	Chrysler
	 	VIN2A8HR64X98R750204

	2008

	 	FACILITIES
	 	Ford F250 4x4 Pick Up
	 	VIN1FTSW21528EA29642

	2008

	 	FACILITIES
	 	Ford F150 4x4 Pick Up
	 	VIN1FTPX14528FB45622

	2008

	 	FACILITIES
	 	Ford Ranger 4x4 Pick Up
	 	VIN1FTZR15EX8PA62449

	2008

	 	FACILITIES
	 	Ford Ranger 4x4 Pick Up
	 	VIN1FTZR45E28PB01231

	2006

	 	FACILITIES
	 	GMC Savana 2500 Van
	 	VIN1GTGG25VX61158813

	2009

	 	FACILITIES
	 	Chevrolet 14 Passenger Shuttle
	 	VIN1GBJG31K591142776

	 

	 	FACILITIES
	 	John Deere Gator
	 	FE290D479037

	2008

	 	FACILITIES
	 	Kawasaki Mule
	 	JK1AFCE147B49

	2002

	 	FACILITIES
	 	Polaris 700 ATV
	 	4XACH68A22A702573

	2008

	 	FACILITIES
	 	E-Z-GO	 	 	 	 
	2008

	 	FACILITIES
	 	Haulmark
	 	16HPB16278PO69107

	2008

	 	FACILITIES
	 	ET1800
	 	109FS151982022091

	2009

	 	FACILITIES
	 	ET600016SGR Dual Axle Trailer
	 	109FS212192022017

	 

	 	FACILITIES
	 	Power Clear Snow Thrower	 	 	 	 
	2009

	 	FACILITIES
	 	Walker 26hp Kohler / 48” Mower
	 	S/N 102422	 
	2009

	 	FACILITIES
	 	Walker 26hp Kohler / 48” Mower
	 	S/N 102421	 
	2009

	 	FACILITIES
	 	Walker 26hp Kohler / 48” Mower
	 	S/N 101209	 
	 

	 	FACILITIES
	 	Walker RB6650 47” Rotary Broom
	 	S/N 2805295	 
	 

	 	FACILITIES
	 	Implement Hitch with 1390 wheels
	 	IH6620

	2009

	 	FACILITIES
	 	Billy Goat Truck Loader Vacuum
	 	S/N 120208013	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072829	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072804	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072805	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072806	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072807	 

1 of 25

 

	 	 	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072808	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072809	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072810	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072811	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072812	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072813	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072814	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072815	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072816	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072817	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072818	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072819	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072820	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072821	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072822	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072823	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072824	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072825	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072826	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072827	 
	1995

	 	GINLEY HALL
	 	BERCO TABLE-VENEER TOP/KNO
	 	C000000072828	 
	1996

	 	GINLEY HALL
	 	(3) OAK END TABLES
	 	CFE0000001715

	1997

	 	GINLEY HALL
	 	(2) STEELCASE CHAIRS/72C
	 	CFE0000006980

	1997

	 	GINLEY HALL
	 	(4) STEELCASE CHAIRS/72C
	 	CFE0000006981

	1997

	 	GINLEY HALL
	 	(8) BEACHLEY LOUNGE CHAIRS/STRAW COLOR/YAM
	 	CFE0000012362

	1997

	 	GINLEY HALL
	 	(3) LABARGE COFFE TABLES
	 	CFE0000014075

	1997

	 	GINLEY HALL
	 	(6) EAST INDIA PARTY TABLE
	 	CFE0000014070

	1997

	 	GINLEY HALL
	 	(6) PRISCILLA BISTO TABLE
	 	CFE0000014071

	1997

	 	GINLEY HALL
	 	(4) ENGLISH CLAW AND BALL CHAIRS
	 	CFE0000014098

	1997

	 	GINLEY HALL
	 	(6) LABARGE END TABLES
	 	CFE0000014074

2 of 25

 

	 	 	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	1997

	 	GINLEY HALL
	 	(13) NORWOOD LAMP TABLE
	 	CFE0000014072

	1997

	 	GINLEY HALL
	 	COM FABRIC #3964 MON OLIVE VIN
	 	CFE0000014073

	1997

	 	GINLEY HALL
	 	(9) MIDBACK CALLIOPE CHAIRS
	 	CFE0000014097

	1997

	 	GINLEY HALL
	 	(5) DARK HARBORSIDE TABLE
	 	CFE0000014065

	1997

	 	GINLEY HALL
	 	(16) NEWPORT CHAIRS
	 	CFE0000014067

	1997

	 	GINLEY HALL
	 	(42) PRISCILLA BISTRO CHAIRS
	 	CFE0000014068

	1997

	 	GINLEY HALL
	 	(10) DARK HARBOR ROCKER W/CUSHION
	 	CFE0000014066

	1997

	 	GINLEY HALL
	 	(20) HIGH BACK CALLIOPE CHAIRS
	 	CFE0000014096

	1997

	 	GINLEY HALL
	 	(3)PETRI DESKS W/RETURNS
	 	CFE0000014095

	1997

	 	GINLEY HALL
	 	(40) 200 SERIES FOLDING TABLES, 72” ROUND/ BLACK
	 	193770

	1997

	 	GINLEY HALL
	 	DELIVERY OF FURNITURE
	 	193907	 
	1997

	 	GINLEY HALL
	 	MOVABLE PODIUM
	 	193906	 
	1997

	 	GINLEY HALL
	 	CUSTOM DRAPES,BLINDS & SHUTTERS
	 	193905	 
	1997

	 	GINLEY HALL
	 	CONFIRMING PO FOR PERSIAN RUG
	 	195609	 
	1997

	 	GINLEY HALL
	 	KITCHEN EQUIPMENT FOR GINLEY HALL
	 	197552	 
	1998

	 	GINLEY HALL
	 	PEDESTAL TABLE BASE
	 	201187	 
	1998

	 	GINLEY HALL
	 	(12) #451 BAKER CLUB CHAIRS W/ UPGRADED SEATES
	 	201276

	1998

	 	GINLEY HALL
	 	CCN CURVED AUXILLARY TABLES PER CAP FILE: PI-36.SP2
	 	204973

	1998

	 	GINLEY HALL
	 	CONFERENCE CHAIRS PER CAP FILE: PI-43.SP2
	 	207481	 
	1999

	 	GINLEY HALL
	 	HIGHLAND SEATING BLEACHERS PER CAP: PI056
	 	226806	 
	1999

	 	GINLEY HALL
	 	ET-18GKXHW; REFRIGERATOR;WHIRLPOOL;ALD=5; UOM=EA
	 	228008

	1999

	 	GINLEY HALL
	 	2250-2000 VENETIAN ARM CHAIRS WITH CUSHION PER QUOTE# 13747
	 	229448

	2000

	 	GINLEY HALL
	 	92115 SUMMER CLASSIC UMBRELLA BASE PER QUOTE# 14763
	 	242777	 
	2000

	 	GINLEY HALL
	 	2251-2837 DINING TABLE PER QUOTE# 14763
	 	242773	 
	2000

	 	GINLEY HALL
	 	2250-4800 UMBRELLA TABLE PER QUOTE# 14763
	 	242774	 
	2000

	 	GINLEY HALL
	 	2250-3500 BAR STOOL WITH CUSHION
PER QUOTE# 14763
	 	242772	 
	2000

	 	GINLEY HALL
	 	1390-9683-530 9’ OCTAGONAL MARKET UMBRELLA PER QUOTE# 14763
	 	242776

	2000

	 	GINLEY HALL
	 	2250-2000 ARM CHAIRS WITH CUSHIONS PER QUOTE# 14763
	 	242775	 
	2000

	 	GINLEY HALL
	 	75RF;REFRIGERATOR/FREEZER;U-LINE,FROST-FREE; ALD=10;UOM=EA
	 	246532

	2000

	 	GINLEY HALL
	 	HSIM-F6;MODULE,INTERFACE;FDDI,HIGH
SPEED,FOR SMART SWITCH 2000/6000 FAMILY,SUPPO
	 	249075

3 of 25

 

	 	 	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2000

	 	GINLEY HALL
	 	FURNITURE,GENERAL;FOR CORPORATE PROPERTIES,PER QUOTE FROM HERTZ FURNITURE SYSTEM	 	249679

	2000

	 	GINLEY HALL
	 	AWNING,CLOTH/INV#642-GINLEY HALL; ***COASTAL SUN SERVICE: CONFIRMING INVOICE.DTD	 	250813
	2000

	 	GINLEY HALL
	 	OVEN,GAS;CAFE: CONFIRMING REQUISITION, PAY I MMEDIATE,INVOICE # 17830961, 8/15/00	 	254670
	2000

	 	GINLEY HALL
	 	CONFIRMING REQUISITION, PAY IMMEDIATE, SHELV ING,CUSTOM;CAFE: STORAGE SYSTEM FOR	 	254926
	2000

	 	GINLEY HALL
	 	FURNITURE,GENERAL;FOR CORPORATE PROPERTIES,PER CATALOG INFO FROM AMERICAN HOTEL	 	255814
	2000

	 	GINLEY HALL
	 	SEATING BY DALPHA PER CAP SPEC: 9K294, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK	 	260796
	2001

	 	GINLEY HALL
	 	REFRIGERATOR,CAFE;PROVIDE DETAILS:QUOTE# 1793 FOR REACH IN REFRIGERATOR FROM C C	 	262532
	2001

	 	GINLEY HALL
	 	INSTALLATION,AUDIO/VISUAL COMMUNICATION;PLEASE PROVIDE SPECIFICS: PLEASE ORDER P	 	262528
	2001

	 	GINLEY HALL
	 	S686;OVEN,ELECTRIC;RANGE,SENTRY SERIES,6 BURNERS,10: BACKGUARD,STAINLESS STEEL;B	 	263880
	2001

	 	GINLEY HALL
	 	REFRIGERATOR,CAFE;PROVIDE DETAILS: PER QUOTE FROM C. CAPRARA: 2 TRUE DOOR T49 RE	 	267493
	2001

	 	GINLEY HALL
	 	EQUIPMENT,AUDIO VISUAL;COMPLETE SYSTEM,(PROVIDE BREAKDOWN OF COMPONENTS IN NOTE	 	281433 Complete list is available of all equipment
	2001

	 	GINLEY HALL
	 	SMALLWARES,CAFE;PROVIDE ITEM DESCRIPTION:SMALLWARES FOR GINELY HALL- MAINE-	 	282487
	2002

	 	GINLEY HALL
	 	EQUIPMENT,AUDIO VISUAL;COMPLETE SYSTEM,(PROVIDE BREAKDOWN OF COMPONENTS IN NOTE	 	298254
	2002

	 	GINLEY HALL
	 	168970 PICTEL 960 QUADBRI BUNDLE W/TRADE;INCLUDES: IMAGE SHARE CABLE;TABLETOP MI	 	299040
	2002

	 	GINLEY HALL
	 	INSTALLATION OF VIDEO PRODUCTION/SOUND EQUIPMENT UPGRADE FOR GINLEY HALL	 	301417
	2003

	 	GINLEY HALL
	 	FURNITURE,MODULAR;ALD=6,
	 	307642
	2004

	 	GINLEY HALL
	 	SUPPLIES; EQUIPMENT DINING & HOSPITALITY ONLY; PROVIDE SPECIFICS;ALD=10	 	312570
	2004

	 	GINLEY HALL
	 	WS-G5484;1000BASE-SX ““SHORT WAVELENGTH”” GBIC (MULTIMODE ONLY);CISCO SYSTEMS;AL	 	314616
	2004

	 	GINLEY HALL
	 	WS-G5486;1000 BASE-LX/LH LONG HAUL GBIC (SINGLE MODE OR MULTIMODE);ALD=20	 	314617
	2004

	 	GINLEY HALL
	 	WS-C2950G-48-EI;CATALYST 2950, 48 10/100 WITH 2 GBIC SLOTS, ENHANCED IMAGE;ALD=1	 	314618
	2005

	 	GINLEY HALL
	 	VPL-FX51;LCD PROJECTOR;SONY;5200 ANSI LUMENS;ALD=15	 	320863
	2008

	 	PLO CABINS
	 	5’3“x7’6” Fresh Air Rug	 	 	 	 
	2008

	 	PLO CABINS
	 	7’10“x10’10” Fresh Air Rug	 	 	 	 
	2008

	 	PLO CABINS
	 	7’x9’ Great Plains Rug	 	 	 	 
	2008

	 	PLO CABINS
	 	8’x10’ Great Plains Rug	 	 	 	 
	2008

	 	PLO CABINS
	 	Drop-in 27” Range	 	 	 	 
	2008

	 	PLO CABINS
	 	Drop-in 30” Range	 	 	 	 
	2008

	 	PLO CABINS
	 	Jotul Stoves (installed)	 	 	 	 
	2000

	 	PLO CABINS
	 	LADDER BACK SIDE CHAIR, ITEM #592, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACI	 	242086
	2000

	 	PLO CABINS
	 	METAL FRAMES — QUEEN, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ONLY	 	242076

4 of 25

 

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2000

	 	PLO CABINS
	 	STUDENT DESK, ITEM #774, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE O
	 	242087

	2000

	 	PLO CABINS
	 	MISSION HEADBOARD — QUEED,
ITEM #35QHB, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK
	 	242075

	2000

	 	PLO CABINS
	 	MISSION HDBD — FULL, ITEM #35HB, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILI
	 	242073

	2000

	 	PLO CABINS
	 	QUEEN BEDS — MISSION COMPLETE, ITEM #35Q, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BU
	 	242077

	2000

	 	PLO CABINS
	 	VERTICAL MIRROR, ITEM #743, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE
	 	242080

	2000

	 	PLO CABINS
	 	END TABLE, ITEM #261,
FURNITURE,MODULAR; ALD=6,UOM=EA;FOR BULK FACILITY USE ONLY
	 	242088

	2000

	 	PLO CABINS
	 	6 DRAWER CHEST, ITEM #736, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE
	 	242081

	2000

	 	PLO CABINS
	 	LADDER BACK ARM CHAIR, ITEM #593, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACIL
	 	242085

	2000

	 	PLO CABINS
	 	3 DRAWER DRESSER, ITEM #740,
FURNITURE, MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY U
	 	242079

	2000

	 	PLO CABINS
	 	3 DRAWER NIGHTSTAND, ITEM #739,
FURNITURE, MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	242083

	2000

	 	PLO CABINS
	 	PEDESTAL DINING TABLE, ITEM #629,
FURNITURE, MODULAR;ALD=6,UOM=EA;FOR BULK FACIL
	 	242084

	2000

	 	PLO CABINS
	 	156 AREA RUGS FOR POINT LOOKOUT CABINS PER PROPOSAL DATED 4/18/00, CARPET
	 	244092

	2000

	 	PLO CABINS
	 	300 CUSTOM 2” WOOD BLINDS PER PROPOSAL #06578, WINDOW TREATMENT
	 	244884

	2000

	 	PLO CABINS
	 	156 AREA RUGS FOR POINT LOOKOUT CABINS PER PROPOSAL DATED 4/18/00, CARPET
	 	246089

	2000

	 	PLO CABINS
	 	KING MATTRESSES, SIMMONS BEAUTYREST 651 PLUSH, FURNITURE,MODULAR;ALD=6,UOM=EA;F
	 	246166

	2000

	 	PLO CABINS
	 	FULL MATTRESSES, SIMMONS BEAUTYREST
651 PLUSH, FURNITURE,MODULAR;ALD=6,UOM=EA;F
	 	246164

	2000

	 	PLO CABINS
	 	QUEEN MATTRESSES, SIMMONS
BEAUTYREST 651 PLUSH, FURNITURE,MODULAR;ALD=6,UOM=EA;
	 	246165

	2000

	 	PLO CABINS
	 	20 INCH STEREO TV/VCR COMBO PER QUOTE, EQUIPMENT,AUDIO VISUAL;COMPLETE SYSTEM
	 	246505

	2000

	 	PLO CABINS
	 	2 ADA CABINETS PER PROPOSAL DATED 3/29/00, CABINET,CUSTOM;REQUIRES FACILITY DES
	 	246539

	2000

	 	PLO CABINS
	 	40 GOLD LEAF CABIN NUMBERS PER
PROPOSAL DATED 3/29/00, SIGNAGE;
	 	246535

	2000

	 	PLO CABINS
	 	#2015 WILDWOOD LAMPS,
FURNITURE,MODULAR; ALD=6,UOM=EA;FOR BULK FACILITY USE ONLY
	 	246544

	2000

	 	PLO CABINS
	 	#8661 WILDWOOD LAMP, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ONLY
	 	246542

	2000

	 	PLO CABINS
	 	40 BALDWIN — EDGEWATER SERIES,
BATHROOM ACCESSORIES, FURNITURE,MODULAR;ALD=6,UO
	 	246536

	2000

	 	PLO CABINS
	 	20 MEDICINE CABINETS PER PROPOSAL
DATED 3/29/00, CABINET,CUSTOM;REQUIRES FACILI
	 	246538

	2000

	 	PLO CABINS
	 	MT-1078SG;MICROWAVE;WHIRLPOOL;7CUFT.,700W,W/UNDER CABINET BRACKETS;ALD=10;UOM=EA
	 	246533

	2000

	 	PLO CABINS
	 	#415RH AS YOU LIKE IT LAMPS, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY U
	 	246545

	2000

	 	PLO CABINS
	 	#2678 WILDWOOD LAMPS, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ONLY
	 	246543

	2000

	 	PLO CABINS
	 	300 CUSTOM 2” WOOD BLINDS PER PROPOSAL #06578, WINDOW TREATMENT
	 	246552

	2000

	 	PLO CABINS
	 	18 BATHROOM CABINETS PER PROPOSAL
DATED 3/29/00, CABINET,CUSTOM;REQUIRES FACILI
	 	246537

	2000

	 	PLO CABINS
	 	#636 CLASSIC LEATHER CHAIRS, LEATHER: NUVOLA VERDIGRIS, FURNITURE,MODULAR;ALD=6
	 	246531

5 of 25

 

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2000

	 	PLO CABINS
	 	#526 CLASSIC LEATHER CHAIRS, LEATHER: SURGIS AMBER, FURNITURE,MODULAR;ALD=6,UOM
	 	 246530

	2000

	 	PLO CABINS
	 	METAL FRAMES — QUEEN,
FURNITURE,MODULAR;ALD=6,UOM=EA; FOR BULK FACILITY USE ONLY
	 	 248704

	2000

	 	PLO CABINS
	 	LADDER BACK SIDE CHAIR, ITEM #592, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACI
	 	 248714

	2000

	 	PLO CABINS
	 	MISSION BEDS — COMPLETE KING,
ITEM #35K, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BUL
	 	248706

	2000

	 	PLO CABINS
	 	MISSION HEADBOARD — QUEED,
ITEM #35QHB, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK
	 	 248703

	2000

	 	PLO CABINS
	 	MISSION HDBD — FULL, ITEM #35HB, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILI
	 	248701

	2000

	 	PLO CABINS
	 	VERTICAL MIRROR, ITEM #743, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE
	 	248708

	2000

	 	PLO CABINS
	 	QUEEN BEDS — MISSION COMPLETE, ITEM #35Q, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BU
	 	 248705

	2000

	 	PLO CABINS
	 	END TABLE, ITEM #261, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ONLY
	 	248716

	2000

	 	PLO CABINS
	 	6 DRAWER CHEST, ITEM #736, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE
	 	248709

	2000

	 	PLO CABINS
	 	LADDER BACK ARM CHAIR, ITEM #593, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACIL
	 	248713

	2000

	 	PLO CABINS
	 	3 DRAWER DRESSER, ITEM #740, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY U
	 	248707

	2000

	 	PLO CABINS
	 	PEDESTAL DINING TABLE, ITEM #629, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACIL
	 	248712

	2000

	 	PLO CABINS
	 	3 DRAWER NIGHTSTAND, ITEM #739, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	248711

	2000

	 	PLO CABINS
	 	RADIO,AND MISCELLANEOUS PARTS;22370;RADIO;BOSE;WAVE RADIO,W/CD,GRAY;ALD=10;UOM=E
	 	249070

	2000

	 	PLO CABINS
	 	MOOSEHEAD #593 CHAIRS, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ONL
	 	 251249

	2000

	 	PLO CABINS
	 	MOOSEHEAD #592 CHAIRS, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ONL
	 	251248

	2000

	 	PLO CABINS
	 	MOOSEHEAD #531 CHAIRS, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ONL
	 	251250

	2000

	 	PLO CABINS
	 	KING MATTRESSES, SIMMONS BEAUTYREST
651 PLUSH, FURNITURE,MODULAR;ALD=6,UOM=EA;F
	 	251812

	2000

	 	PLO CABINS
	 	FULL MATTRESSES, SIMMONS BEAUTYREST
651 PLUSH, FURNITURE,MODULAR;ALD=6,UOM=EA;F
	 	251810

	2000

	 	PLO CABINS
	 	QUEEN MATTRESSES, SIMMONS
BEAUTYREST 651 PLUSH, FURNITURE,MODULAR;ALD=6,UOM=EA;
	 	251811

	2000

	 	PLO CABINS
	 	#10215 WILDWOOD LAMPS PER INVOICE
#4918, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BUL
	 	 252780

	2000

	 	PLO CABINS
	 	#12011 WILDWOOD LAMPS PER INVOICE
#4918, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BUL
	 	252778

	2000

	 	PLO CABINS
	 	#10163 WILDWOOD LAMPS PER INVOICE
#4918, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BUL
	 	252781

	2000

	 	PLO CABINS
	 	#2728 WILDWOOD LAMP PER INVOICE #4918, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK
	 	252775

	2000

	 	PLO CABINS
	 	#10246 WILDWOOD LAMPS PER INVOICE
#4918, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BUL
	 	252776

	2000

	 	PLO CABINS
	 	#12003 WILDWOOD LAMP PER INVOICE #13, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK F
	 	252777

	2000

	 	PLO CABINS
	 	#168 WILWOOD LAMP, INVOICE #4918, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACIL
	 	252774

	2000

	 	PLO CABINS
	 	#6277 WILDWOOD LAMPS PER INVOICE
#4918, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK
	 	252779

	2001

	 	PLO CABINS
	 	630, 2” WOOD BLINDS PER PROPOSAL #6883 FOR POINT LOOKOUT CABINS, WINDOW TREATME
	 	278409

6 of 25

 

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2001
	 	PLO         CABINS	 	SHOWER CURTAINS FOR POINT LOOKOUT
FITNESS CENTER PER PROPOSAL# 6889, FURNITURE,M	 	280599
	2001
	 	PLO         CABINS	 	PQC-01670 KRUPS REPLACEMENT CARAFE PER QUOTE #9435995 FOR PLO CABINS  HOUSEHOLD	 	280945
	2001
	 	PLO         CABINS	 	LOW PROFILE FRAMES-QUEEN PER QUOTE REVISED 5/30/01 FOR PLO CABINS FURNITURE,MODU	 	280980
	2001
	 	PLO         CABINS	 	LOW PROFILE FRAMES-KING PER QUOTE REVISED 5/30/01 FOR PLO CABINS FURNITURE,MODUL	 	280982
	2001
	 	PLO         CABINS	 	#808;TV/VCR STANDS FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACIL	 	280974
	2001
	 	PLO         CABINS	 	#625-GL;DINING TABLE WITH ONE LEAF FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=E	 	280973
	2001
	 	PLO         CABINS	 	#625-GL;DINING TABLES WITH THREE LEAVES FOR PLO CABINS FURNITURE,MODULAR;ALD=6,	 	280975
	2001
	 	PLO         CABINS	 	#745;VERTICAL LANDSCAPE MIRROR FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR	 	280958
	2001
	 	PLO         CABINS	 	35Q;MISSION QUEEN HEADBOARD AND FOOTBOARD       FURNITURE,MODULAR;ALD=6,UOM=EA;	 	280968
	2001
	 	PLO         CABINS	 	PQC-32171 KRUPS COFFEE MAKERS PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEMS	 	280943
	2001
	 	PLO         CABINS	 	#739;3 DRAWER NIGHT STAND FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BUL	 	280960
	2001
	 	PLO         CABINS	 	#625-GL;DINING TABLE WITH NO LEAVES FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=	 	280953
	2001
	 	PLO         CABINS	 	#741;SINGLE MIRROR FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILI	 	280969
	2001
	 	PLO         CABINS	 	#741;SINGLE MIRROR FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILI	 	280957
	2001
	 	PLO         CABINS	 	STANDARD FRAME-QUEEN PER QUOTE REVISED 5/30/01 FOR PLO CABINS FURNITURE,MODULAR	 	280981
	2001
	 	PLO         CABINS	 	PQC-287-70 KRUPS TOASTER WHITE PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEM	 	280944
	2001
	 	PLO         CABINS	 	35Q;MISSION QUEEN HEADBOARD FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR B	 	280956
	2001
	 	PLO         CABINS	 	35Q;MISSION QUEEN HEADBOARD FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR B	 	280967
	2001
	 	PLO         CABINS	 	#625-GL;DINING TABLE WITH ONE LEAF FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=E	 	280952
	2001
	 	PLO         CABINS	 	#291;END TABLES FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY	 	280951
	2001
	 	PLO         CABINS	 	#291;END TABLES FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY	 	280963
	2001
	 	PLO         CABINS	 	35K;MISSION KING HEADBOARD AND FOOTBOARD FOR PLO CABINS   FURNITURE,MODULAR;ALD	 	280966
	2001
	 	PLO         CABINS	 	#808;TV/VCR STANDS FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACIL	 	280962
	2001
	 	PLO         CABINS	 	#625-GL;DINING TABLE WITH ONE LEAF FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=E	 	280964
	2001
	 	PLO         CABINS	 	35K;MISSION KING HEADBOARD AND FOOTBOARD FOR PLO CABINS   FURNITURE,MODULAR;ALD	 	280955
	2001
	 	PLO         CABINS	 	#808;TV/VCR STANDS FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACIL	 	280950
	2001
	 	PLO         CABINS	 	SHAKER CHAIRS FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY U	 	280954
	2001
	 	PLO         CABINS	 	SHAKER CHAIRS FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY U	 	280965
	2001
	 	PLO         CABINS	 	#730;3 DRAWER DRESSER FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FA	 	280959
	2001
	 	PLO         CABINS	 	#738;1 DRAWER NIGHTSTAND FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ON	 	280961

7 of 25

 

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2001
	 	PLO         CABINS	 	#738;1 DRAWER NIGHTSTAND FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ON	 	280972
	2001
	 	PLO         CABINS	 	#730;3 DRAWER DRESSER FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FA	 	280970
	2001
	 	PLO         CABINS	 	SEMMONS BEAUTYRREST;#651 EMBASSY KING PER QUOTE DATED 5/14/01 FOR PLO CABINS FU	 	280937
	2001
	 	PLO         CABINS	 	L88-KV 24FV12 SONY 24” TV PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEMS, FUR	 	280942
	2001
	 	PLO         CABINS	 	630, 2” WOOD BLINDS PER PROPOSAL #6883 FOR POINT LOOKOUT CABINS, WINDOW TREATME	 	280983
	2001
	 	PLO         CABINS	 	U-LINE #75RF REFRIGERATOR PER QUOTE FOR PLO CABINS HOUSEHOLD ITEMS, FURNISHINGS	 	280978
	2001
	 	PLO         CABINS	 	SEMMONS BEAUTYREST;#651 EMBASSY QUEEN PER QUOTE DATED 5/14/01 FOR PLO CABINS FU	 	280938
	2001
	 	PLO         CABINS	 	#636 CLASSIC LEATHER CHAIRS, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY U	 	280948
	2001
	 	PLO         CABINS	 	L88DRM-MCH-6 DREAM MACHINE SONY CLOCK RADIOS PER QUOTE #9435995 FOR PLO CABINS	 	281429
	2001
	 	PLO         CABINS	 	WESTWOOD #4086-656 LAMPS FOR POINT
LOOKOUT CABINS, MAINE PER ORDER# 6636 FURNIT	 	281419
	2001
	 	PLO         CABINS	 	WESTWOOD #4046-565 LAMPS FOR POINT
LOOKOUT CABINS, MAINE PER ORDER# 6636 FURNITU	 	281416
	2001
	 	PLO         CABINS	 	WESTWOOD #4566-535 LAMPS FOR POINT
LOOKOUT CABINS, MAINE PER ORDER# 6636 FURNIT	 	281418
	2001
	 	PLO         CABINS	 	WESTWOOD #4520-522 LAMPS FOR POINT
LOOKOUT CABINS, MAINE PER ORDER# 6636 FURNITU	 	281417
	2001
	 	PLO         CABINS	 	WESTWOOD #4014-404 LAMPS FOR POINT LOOKOUT, MAINE PER ORDER#6636 FURNITURE,MODU	 	281420
	2001
	 	PLO         CABINS	 	WESTWOOD #4091-647 LAMPS FOR POINT
LOOKOUT CABINS, MAINE PER ORDER# 6636 FURNITU	 	281421
	2001
	 	PLO         CABINS	 	35Q;MISSION QUEEN HEADBOARD AND FOOTBOARD       FURNITURE,MODULAR;ALD=6,UOM=EA;	 	281856
	2001
	 	PLO         CABINS	 	#625-GL;DINING TABLE WITH NO LEAVES FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM =	 	281851
	2001
	 	PLO         CABINS	 	#625-GL;DINING TABLES WITH THREE LEAVES FOR PLO CABINS FURNITURE,MODULAR;ALD=6,	 	281850
	2001
	 	PLO         CABINS	 	#741;SINGLE MIRROR FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILI	 	281857
	2001
	 	PLO         CABINS	 	35Q;MISSION QUEEN HEADBOARD FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR B	 	281855
	2001
	 	PLO         CABINS	 	35K;MISSION KING HEADBOARD AND FOOTBOARD FOR PLO CABINS   FURNITURE,MODULAR;ALD	 	281853
	2001
	 	PLO         CABINS	 	#732;DOUBLE DRESSER FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACI	 	281858
	2001
	 	PLO         CABINS	 	#808;TV/VCR STANDS FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACIL	 	281849
	2001
	 	PLO         CABINS	 	SHAKER CHAIRS FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY U	 	281852
	2001
	 	PLO         CABINS	 	#730;3 DRAWER DRESSER FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FA	 	281859
	2001
	 	PLO         CABINS	 	#738;1 DRAWER NIGHTSTAND FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ON	 	281860
	2001
	 	PLO         CABINS	 	ADERONDACK SIDE TABLES FOR PLO CABINS PER QUOTE DATED 6/26/01 FURNITURE,MODULAR;	 	282152
	2001
	 	PLO         CABINS	 	ADERONDACK CHAIRS FOR PLO CABINS PER QUOTE DATED 6/26/01 FURNITURE,MODULAR;ALD=	 	282151
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282847
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282848

8 of 25

 

	 	 	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	 	Asset Number
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT

	 	 	282849	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282850	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282851	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282852	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282853	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282854	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282855	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282856	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282857	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282858	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282859	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282860	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282861	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282862	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282863	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282864	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282865	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282866	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282867	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282868	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282869	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282870	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282871	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282872	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282873	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282874	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282875	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282876	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282877	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282878	 

9 of 25

 

	 	 	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	 	Asset Number
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282879	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282880	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282881	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282882	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282883	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282884	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282885	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282886	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282887	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282888	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282889	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282890	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282891	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282892	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282893	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282894	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282895	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282896	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282897	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282898	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282899	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282900	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282901	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282902	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282903	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282904	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282905	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282906	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282907	 
	2001

	 	PLO CABINS
	 	HOOK ADAPTERS, ITEM #BDFRLS019, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT
	 	 	282908	 

10 of 25

 

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282909
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282910
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282911
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282912
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282913
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282914
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282915
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282916
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282917
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282918
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282919
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282920
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282921
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282922
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282923
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282924
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282925
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282926
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282927
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282928
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282929
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282930
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282931
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282932
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282933
	2001
	 	PLO         CABINS	 	HOOK ADAPTERS,              ITEM                        #BDFRLS019,                 FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILIT	 	282934
	2001
	 	PLO         CABINS	 	M4J-16200 HAMILTON BEACH IRONS PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEM	 	282935
	2001
	 	PLO         CABINS	 	M4J-16200 HAMILTON BEACH IRONS PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEM	 	282936
	2001
	 	PLO         CABINS	 	M4J-16200 HAMILTON BEACH IRONS PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEM	 	282937
	2001
	 	PLO         CABINS	 	M4J-16200 HAMILTON BEACH IRONS PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEM	 	282938

11 of 25

 

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282939
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282940
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282941
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282942
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282943
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282944
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282945
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282946
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282947
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282948
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282949
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282950
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282951
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282952
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282953
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282954
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282955
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282956
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282957
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282958
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282959
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282960
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282961
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282962
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282963
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282964
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282965
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282966
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282967
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR       PLO    CABINS      HOUSEHOLD      ITEM	 	282968

12 of 25

 

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282969
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282970
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282971
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282972
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282973
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282974
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282975
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282976
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282977
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282978
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282979
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282980
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282981
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282982
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282983
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282984
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282985
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282986
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282987
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282988
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282989
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282990
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282991
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282992
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282993
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282994
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282995
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282996
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282997
	2001
	 	PLO         CABINS	 	M4J-16200       HAMILTON      BEACH      IRONS      PER QUOTE      #9435995      FOR      PLO      CABINS      HOUSEHOLD      ITEM	 	282998

13 of 25

 

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2001
	 	PLO CABINS	 	M4J-16200 HAMILTON BEACH IRONS PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEM	 	282999
	2001
	 	PLO CABINS	 	M4J-16200 HAMILTON BEACH IRONS PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEM	 	283000
	2001
	 	PLO CABINS	 	M4J-16200 HAMILTON BEACH IRONS PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEM	 	283001
	2001
	 	PLO CABINS	 	M4J-16200 HAMILTON BEACH IRONS PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEM	 	283002
	2001
	 	PLO CABINS	 	M4J-16200 HAMILTON BEACH IRONS PER QUOTE #9435995 FOR PLO CABINS HOUSEHOLD ITEM	 	283003
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283004
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283005
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283006
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283007
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283008
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283009
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283010
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283011
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283012
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283013
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283014
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283015
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283016
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283017
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283018
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283019
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283020
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283021
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283022
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283023
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283024
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283025
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283026
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283027
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD        FOR PLO CABINS              HOUSEHOLD ITEMS,            FURNIS	 	283028

14 of 25

 

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283029
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283030
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283031
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283032
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283033
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283034
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283035
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283036
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283037
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283038
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283039
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283040
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283041
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283042
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283043
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283044
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283045
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283046
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283047
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283048
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283049
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283050
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283051
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283052
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283053
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283054
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283055
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283056
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283057
	2001
	 	PLO         CABINS	 	L88-SLV-N50 SONY DVD      FOR PLO      CABINS      HOUSEHOLD      ITEMS,      FURNIS	 	283058

15 of 25

 

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283059
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283060
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283061
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283062
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283063
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283064
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283065
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283066
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283067
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283068
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283069
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283070
	2001
	 	PLO CABINS	 	L88-SLV-N50 SONY DVD FOR PLO CABINS               HOUSEHOLD ITEMS,      FURNIS	 	283071
	2001
	 	PLO CABINS	 	#625-GL;DINING TABLES WITH THREE LEAVES FOR PLO CABINS FURNITURE,MODULAR;ALD=6,	 	283696
	2001
	 	PLO CABINS	 	#741;SINGLE MIRROR FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILI	 	283878
	2001
	 	PLO CABINS	 	#745;VERTICAL LANDSCAPE MIRROR FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR	 	283885
	2001
	 	PLO CABINS	 	#625-GL;DINING TABLE WITH ONE LEAF FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=E	 	283877
	2001
	 	PLO CABINS	 	#290;COFFEE TABLES FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILI	 	283879
	2001
	 	PLO CABINS	 	#808;TV/VCR STANDS FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACIL	 	283876
	2001
	 	PLO CABINS	 	#739;3 DRAWER NIGHT STAND FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BUL	 	283889
	2001
	 	PLO CABINS	 	#741;SINGLE MIRROR FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILI	 	283884
	2001
	 	PLO CABINS	 	35Q;MISSION QUEEN HEADBOARD FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR B	 	283883
	2001
	 	PLO CABINS	 	#291;END TABLES FOR PLO CABINS FURNITURE,MODULAR;ALDl=6,UOM=EA;FOR BULK FACILITY	 	283880
	2001
	 	PLO CABINS	 	#736;6 DRAWER CHEST FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACIL	 	283888
	2001
	 	PLO CABINS	 	SHAKER CHAIRS FOR PLO CABINS FURNITURE,MODULAR;ALD =6,UOM=EA;FOR BULK FACILITY U	 	283882
	2001
	 	PLO CABINS	 	#625-GL;DINING TABLE WITH ONE LEAF FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=E	 	283881
	2001
	 	PLO CABINS	 	#730;3 DRAWER DRESSER FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FA	 	283886
	2001
	 	PLO CABINS	 	#738;1 DRAWER NIGHTSTAND FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ON	 	283890
	2001
	 	PLO CABINS	 	INVOICE #11960;QUEEN MATREES SET AND ADAPTER PLATES FOR POINT LOOKOUT CABINS FU	 	284255
	2001
	 	PLO CABINS	 	#738 ONE DRAWER NIGHTSTANDS, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY	 	286309

16 of 25 

 

     

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2001

	 	PLO CABINS
	 	GE #GTS18EBM 17.6 CU FT TOP FREEZER REFRIGERATOR HOUSEHOLD ITEMS, FURNISHINGS
	 	 287015
	2001

	 	PLO CABINS
	 	#625-GL;DINING TABLE WITH ONE LEAF FOR PLO CABINS FURNITURE,MODULAR;ALD=6,UOM=E
	 	 287229
	2001

	 	PLO FAC ADMIN
	 	#002 ALABASTER BLINDS FOR NORTHEAST OPERATIONS BUILDING PER PROPOSAL #6876 WINDO
	 	 278384
	2001

	 	PLO FAC ADMIN
	 	FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FACILITY USE ONLY, BULK ETHOSPACE PER CA
	 	 278721
	2001

	 	PLO FAC ADMIN
	 	BULK ORDER OF BLINDS(20) FOR NORTHPORT, MAINE OPERATIONS BUILDING PER PROPOSAL#
	 	 280359
	2001

	 	PLO FAC ADMIN
	 	60” DIAMETER CCN CONF TABLE — PLAM PER CAP SPEC. CCNCONF.SP3, FURNITURE,MODULAR
	 	 280379
	1994

	 	PLO FITNESS CTR
	 	FALCON 36” SQ TABLE TOP & BASE / KNOX MILL CAFE
	 	C000000054246
	1994

	 	PLO FITNESS CTR
	 	Leg Press
	 	 9905-022
	1994

	 	PLO FITNESS CTR
	 	Inner Thigh
	 	 9902-015
	1994

	 	PLO FITNESS CTR
	 	Outer Thigh
	 	 9902-024
	1994

	 	PLO FITNESS CTR
	 	Leg Extension
	 	 9902-021
	1994

	 	PLO FITNESS CTR
	 	Leg Curl
	 	 9903-033
	1994

	 	PLO FITNESS CTR
	 	Rotary Chest
	 	 9902-014
	1997

	 	PLO FITNESS CTR
	 	Vertical Butterfly
	 	 9812-028
	1997

	 	PLO FITNESS CTR
	 	Rotary Upper Back
	 	 9901-031
	1998

	 	PLO FITNESS CTR
	 	Bicep Curl
	 	 9901-044
	1999

	 	PLO FITNESS CTR
	 	Deltoid
	 	 9901-014
	1999

	 	PLO FITNESS CTR
	 	Rotary Shoulder
	 	 9901-043
	1999

	 	PLO FITNESS CTR
	 	Rotary Lat
	 	 9901-037
	1999

	 	PLO FITNESS CTR
	 	Lower Back
	 	 9810-029
	1999

	 	PLO FITNESS CTR
	 	Tricep Extension
	 	 9904-010
	1999

	 	PLO FITNESS CTR
	 	Ab Isolator(lcarian)
	 	 142613
	1999

	 	PLO FITNESS CTR
	 	Gravitron(Stairmaster)
	 	 5000904211
	1999

	 	PLO FITNESS CTR
	 	Calf Raise(Body Master)
	 	 3027964
	1999

	 	PLO FITNESS CTR
	 	Precor Treadmill
	 	 3FC29L0001
	1999

	 	PLO FITNESS CTR
	 	Precor Treadmill
	 	 3FC25L0002
	1999

	 	PLO FITNESS CTR
	 	Precor Treadmill
	 	 3FC29L0008
	1999

	 	PLO FITNESS CTR
	 	Precor EFX
	 	 4HB24L0057
	1999

	 	PLO FITNESS CTR
	 	Precor EFX
	 	 4HB24L0044
	1999

	 	PLO FITNESS CTR
	 	Precor EFX
	 	 4HC03L0032

17 of 25

 

     

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	1999

	 	PLO FITNESS CTR
	 	Precor EFX
	 	 4HB12L0073
	1999

	 	PLO FITNESS CTR
	 	Precor EFX
	 	 4HB12L0072
	1999

	 	PLO FITNESS CTR
	 	Precor EFX
	 	 4HC03L0024
	1999

	 	PLO FITNESS CTR
	 	NuStep
	 	 449267
	1999

	 	PLO FITNESS CTR
	 	NuStep
	 	 449266
	1999

	 	PLO FITNESS CTR
	 	Stairmaster
	 	 20090429002
	1999

	 	PLO FITNESS CTR
	 	Star Trac UB4300
	 	U304057
	1999

	 	PLO FITNESS CTR
	 	Star Trac UB4300
	 	U303839
	1999

	 	PLO FITNESS CTR
	 	Lifecycle
	 	 56377
	2000

	 	PLO FITNESS CTR
	 	Lifecycle
	 	 56376
	2001

	 	PLO FITNESS CTR
	 	SCI FIT
	 	 620694
	2001

	 	PLO FITNESS CTR
	 	50,1” LIGHTLINE BLINDS, PER PROPOSAL #06321	 	 
	2001

	 	PLO FITNESS CTR
	 	CUSTOM SHOWER CURTAINS WITH RODS PER PROPOSAL #06332	 	 
	1999

	 	PLO FITNESS CTR
	 	CASEWORK PER PROPOSAL DATED 4-9-99 FOR THE MAINE FITNESS CENTER.	 	 
	1999

	 	PLO FITNESS CTR
	 	PAR T GOLF SYSTEM (39200.00) AND
RUG REPLACEMENT (850.00)	 	 
	1999

	 	PLO FITNESS CTR
	 	FURNITURE,GENERAL/INV#3841-POOL TABLE FOR FITNESS CENTER; ***MAINE BILLIARDS:	 	 
	1999

	 	PLO FITNESS CTR
	 	MAT,FLOOR/INV#1815-PL CLUB; **SPORTS FIELD: CONFIRMING INVOICE.DTD:7/16/99	 	 
	2008

	 	PLO FITNESS CTR
	 	WS-G5484;1000BASE-SX “SHORT WAVELENGTH” GBIC (MULTIMODE ONLY);CISCO SYSTEMS;AL	 	 
	2008

	 	PLO FITNESS CTR
	 	WS-G5486;1000 BASE-LX/LH LONG HAUL GBIC (SINGLE MODE OR MULTIMODE);ALD=20	 	 
	2008

	 	PLO FITNESS CTR
	 	WS-C2950G-48-EI;CATALYST 2950, 48 10/100 WITH 2 GBIC SLOTS, ENHANCED IMAGE;ALD=l	 	 
	2008

	 	PLO FITNESS CTR
	 	Neurocom and Force Plate	 	 
	2008

	 	PLO FITNESS CTR
	 	ES3 Skills Awareness	 	 
	2008

	 	PLO FITNESS CTR
	 	BSD1	 	 
	2008

	 	PLO FITNESS CTR
	 	STISIM Driving Simulator	 	 
	2008

	 	PLO FITNESS CTR
	 	Driving Health Inventory	 	 
	2008

	 	PLO FITNESS CTR
	 	Heel Ultrasound	 	 
	2008

	 	PLO FITNESS CTR
	 	CYMA Step Activity	 	 
	2008

	 	PLO FITNESS CTR
	 	Body Camp	 	 
	2000

	 	PLO FITNESS CTR
	 	REFRIGERATOR,CAFE:
SELF-CONTAINED COMPRESSOR
REFRIGERATOR, 3 SECTION.
	 	 227977
	2000

	 	PLO FITNESS CTR
	 	PROLIANT STORAGE SYSTEM RACK
	 	 228844

18 of 25

 

     

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2000

	 	PLO FITNESS CTR
	 	EQUIPMENT,PLAYGROUND;CONFIRMING INVOICE FROM M&K AMUSEMENTS #173870 DATED 4/12/0
	 	 245128
	2000

	 	PLO FITNESS CTR
	 	PT-D9500U;PROJECTOR,DLP;PANASONIC;3 CHIP,9000 LUMENS,220 VOLT,3 YEAR WARRANTY ON
	 	 249082
	2000

	 	PLO FITNESS CTR
	 	AF0008081;SOFTWARE,CORPORATE SUITE;ASN-2 ROUTER,14.0/ASN,16M PCMCIA;ALD=10;UOM=E
	 	 259898
	2000

	 	PLO FITNESS CTR
	 	SIGNAGE; FABRICATION & INSTALLATION OF SIGNAGE FOR NORTHPORT OPS CENTER, PER FAX
	 	 282109
	2000

	 	PLO FITNESS CTR
	 	SQ29827; ALL WEATHER ADIRONDACK SIDE TABLES***HUNTER GREEN***
	 	 285988
	2000

	 	PLO FITNESS CTR
	 	SQ 29900- ALL WEATHER ADIRONDACK CHAIR**HUNTER GREEN
	 	 285987
	1999

	 	PLO FITNESS CTR
	 	EQUIPMENT,AUDIO VISUAL;COMPLETE SYSTEM,(PROVIDE BREAKDOWN OF COMPONENTS IN NOTE
	 	 294658
Complete list is available of all equipment
	2000

	 	PLO FITNESS CTR
	 	SERVICE,EXHIBIT/DISPLAY;FACILITY DESIGNUSE ONLY*;PROVIDE SPECIFICS:
	 	 295195
	2000

	 	PLO FITNESS CTR
	 	SERVICE,EXHIBIT/DISPLAY;FACILITY DESIGNUSE ONLY*;PROVIDE SPECIFICS:
	 	 297181
	2008

	 	PLO FITNESS CTR
	 	Leg Press
	 	 9905-022
	2008

	 	PLO FITNESS CTR
	 	Inner Thigh
	 	 9902-015
	2008

	 	PLO FITNESS CTR
	 	Outer Thigh
	 	 9902-024
	2008

	 	PLO FITNESS CTR
	 	Leg Extension
	 	 9902-021
	2008

	 	PLO FITNESS CTR
	 	Leg Curl
	 	 9903-033
	2008

	 	PLO FITNESS CTR
	 	Rotary Chest
	 	 9902-014
	2008

	 	PLO FITNESS CTR
	 	Vertical Butterfly
	 	 9812-028
	2008

	 	PLO FITNESS CTR
	 	Rotary Upper Back
	 	 9901-031
	2008

	 	PLO FITNESS CTR
	 	Bicep Curl
	 	 9901-044
	2008

	 	PLO FITNESS CTR
	 	Deltoid
	 	 9901-014
	2008

	 	PLO FITNESS CTR
	 	Rotary Shoulder
	 	 9901-043
	2008

	 	PLO FITNESS CTR
	 	Rotary Lat
	 	 9901-037
	2008

	 	PLO FITNESS CTR
	 	Lower Back
	 	 9810-029
	2008

	 	PLO FITNESS CTR
	 	Tricep Extension
	 	 9904-010
	2008

	 	PLO FITNESS CTR
	 	Ab Isolator(lcarian)
	 	 142613
	2008

	 	PLO FITNESS CTR
	 	Gravitron(Stairmaster)
	 	 5000904211
	2008

	 	PLO FITNESS CTR
	 	Calf Raise(Body Master)
	 	 3027964
	2008

	 	PLO FITNESS CTR
	 	Balance Chair	 	 
	2008

	 	PLO FITNESS CTR
	 	Keiser A420	 	 
	2008

	 	PLO FITNESS CTR
	 	Stretchmate 700 (1)	 	 
	2008

	 	PLO FITNESS CTR
	 	E Series Treadmill (4)	 	 

19 of 25

 

     

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2008

	 	PLO FITNESS CTR
	 	E-TBTi Elliptical (4)	 	 
	2008

	 	PLO FITNESS CTR
	 	E-STI (2)	 	 
	2008

	 	PLO FITNESS CTR
	 	E-RBi Recumbent bike (3)	 	 
	2008

	 	PLO FITNESS CTR
	 	TRS4000 crosstrainer (2)	 	 
	2008

	 	PLO FITNESS CTR
	 	Functional trainer (1)	 	 
	2008

	 	PLO FITNESS CTR
	 	Floor mount (1)	 	 
	2008

	 	PLO FITNESS CTR
	 	Accessory kit (1)	 	 
	2008

	 	PLO FITNESS CTR
	 	M3 Indoor cycle (1)	 	 
	2008

	 	PLO FITNESS CTR
	 	Air compressor (1)	 	 
	2008

	 	PLO FITNESS CTR
	 	Stadiometer	 	 
	2008

	 	PLO FITNESS CTR
	 	Welch Vital Signs	 	 
	2008

	 	PLO FITNESS CTR
	 	Vision Assessment Tool	 	 
	2000

	 	PLO FITNESS CTR
	 	Field of View Test	 	 
	1997

	 	POINT LOOKOUT
	 	BULK ORDER SHEERS FOR NORTHPORT, MAINE PER PROPOSAL# 6907, WINDOW TREATMENT
	 	 283191
	1997

	 	POINT LOOKOUT
	 	EQUIPMENT,PLAYGROUND; INV# 01301; DATED 4/17/00.
	 	 246175
	1997

	 	POINT LOOKOUT
	 	EQUIPMENT,PLAYGROUND;CONFIRMING INVOICE FROM KICKS ‘N’ STICKS DATED 7/31/00 FOR
	 	 256514
	1998

	 	POINT LOOKOUT
	 	LOUNGE CHAIR W/RODOLPH-METAMORPHOSIS, UNIT 56
	 	C000000045075
	1998

	 	POINT LOOKOUT
	 	LOUNGE CHAIR W/RODOLPH-METAMORPHOSIS, UNIT 56
	 	C000000045076
	1999

	 	POINT LOOKOUT
	 	CENTURY JAY SPECTRE DINING TABLE/PLO
	 	C000000045181
	1999

	 	POINT LOOKOUT
	 	LABARGE END TABLE/CONF CENTER
	 	C000000076784
	1999

	 	POINT LOOKOUT
	 	LABARGE COCKTAIL TABLE/CONFERENCE CENTER
	 	C000000076773
	2000

	 	POINT LOOKOUT
	 	LABARGE SQ COCKTAIL TABLE/CONF CENTER
	 	C000000076775
	2002

	 	POINT LOOKOUT
	 	HARTER CALLIOPE CHAIR/MIDBACK/EBONY/KNX
	 	CFE0000012342
	2002

	 	POINT LOOKOUT
	 	HARTER CALLIOPE CHAIR/KNX
	 	CFE0000012702
	2002

	 	POINT LOOKOUT
	 	(2) SOUTHWOOD SIDE CHAIRS
	 	CFE0000014211
	2002

	 	POINT LOOKOUT
	 	(4) SOUTHWOOD SHERATON ROUND BACK CHAIRS
	 	CFE0000014210
	2002

	 	POINT LOOKOUT
	 	HARTER HIGH BACK CHAIR
	 	CFE0000015198
	2002

	 	POINT LOOKOUT
	 	HARTER CALLIOPE CHAIR COM: HBF PER CAP FILE: PI-78.SP2
	 	 208810
	2002

	 	POINT LOOKOUT
	 	GAZEBO CONSTRUCTION PICNIC TABLES & BENCHES
	 	 211818
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	HLGB3H1

20 of 25

 

     

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	B1LWFG1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	CZFYLF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	56CLTF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	67CLTF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	JK4SFG1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	F5CLTF1
	2008

	 	POINT LOOKOUT
	 	Latitude D630
	 	9DMMTF1
	2008

	 	POINT LOOKOUT
	 	Latitude D630
	 	JCMMTF1
	2008

	 	POINT LOOKOUT
	 	Latitude D630
	 	6DMMTF1
	2008

	 	POINT LOOKOUT
	 	Latitude D630
	 	2YGGDG1
	2008

	 	POINT LOOKOUT
	 	Latitude D630
	 	6YGGDG1
	2008

	 	POINT LOOKOUT
	 	Latitude D630
	 	7YGGDG1
	2008

	 	POINT LOOKOUT
	 	Latitude D620
	 	5JRQBD1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	28CLTF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	87CLTF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	FZFYLF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	86CLTF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	6K4SFG1
	2008

	 	POINT LOOKOUT
	 	Latitude D630
	 	3YGGDG1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	27CLTF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	26CLTF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	C6CLTF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	DK4SFG1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	3L4SFG1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	B7CLTF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	1MGB3H1

21 of 25

 

     

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	4MGB3H1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	3MGB3H1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	6MGB3H1
	2008

	 	POINT LOOKOUT
	 	Latitude D630
	 	8YGGDG1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	F7CLTF1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	DMGB3H1
	2008

	 	POINT LOOKOUT
	 	OptiPlex 755
	 	FMGB3H1
	2008

	 	POINT LOOKOUT
	 	HP LaserJet 5550
	 	PLN-FIT-HP5550cn
	2008

	 	POINT LOOKOUT
	 	eCopy 3035
	 	PLN-FIT-iR3035
	2008

	 	POINT LOOKOUT
	 	eCopy 5070
	 	PLN-GH-CANONiR5070
	2008

	 	POINT LOOKOUT
	 	HP Laserjet 5550n
	 	PLN-GH-HP5550n
	2008

	 	POINT LOOKOUT
	 	HP LaserJet 4250
	 	PLN-OPS-HP4520N
	2008

	 	POINT LOOKOUT
	 	eCopy 3035
	 	PLN-OPS-iR3035
	2008

	 	POINT LOOKOUT
	 	eCopy 2025
	 	PLN-ROC-iR2025
	2008

	 	POINT LOOKOUT
	 	HP LaserJet 4250
	 	PLN-SECURITY-HP4250N
	2008

	 	POINT LOOKOUT
	 	HP OfficeJet 6310
	 	PLN-CTR-HP6310
	2008

	 	POINT LOOKOUT
	 	HP LaserJet 2025
	 	PLN-DIN-HP2025
	2008

	 	POINT LOOKOUT
	 	Xerox 8560DN
	 	PLN-OPS-XEROX8560DN
	2008

	 	POINT LOOKOUT
	 	POS w/ Cash Drawer
	 	41-PY369
	2008

	 	POINT LOOKOUT
	 	POS w/ Cash Drawer
	 	41-NA501
	2008

	 	POINT LOOKOUT
	 	POS w/ Cash Drawer
	 	41-NC393
	1996

	 	ROC
	 	(3) HARTER,CALLIOPE CHAIRS/FURNISHINGS/DCKTRP CONF2
	 	CFE0000003736
	1996

	 	ROC
	 	(4) DARK HARBOR SIDE TABLE/DUCKTRAP CONF CNTR
	 	CFE0000003596
	1996

	 	ROC
	 	(2) PENOBSCOT DINING TABLE/DUCKTRAP CONF CNTR
	 	CFE0000003600
	1996

	 	ROC
	 	(4) ISLESBORO DINING TABLE/DUCKTRAP CONF CNTR
	 	CFE0000003597
	1996

	 	ROC
	 	(4) BEAUCHAMP POINT TEA CHART/DCKTRP CONF CNTR
	 	CFE0000003599

22 of 25

 

     

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	1996
	 	ROC	 	(8) PENOBSCOT CHAIR, ARMLESS/DUCKTRP CONF CNTR	 	CFE0000003594
	1996
	 	ROC	 	(8) DARK HARBOR ROCKER/DUCKTRP CONF CNTR	 	CFE0000003593
	1996
	 	ROC	 	(20) PENOBSCOT CHAIR WITH ARMS/DUCKTRP CONF CNTR	 	CFE0000003592
	1996
	 	ROC	 	(4) CUSTOM CHERRY FRAMED EASELS/DCKTRP CONF CENTR	 	CFE0000004725
	1996
	 	ROC	 	CUSTOM 29 INCH DIAMETER CONFERENCE TABLE	 	CFE0000005825
	1996
	 	ROC	 	CUSTOM 29 INCH DIAMETER SOC TABLE	 	CFE0000005824
	1997
	 	ROC	 	(4) DARK HARBOR SIDE TABLE/DCC II	 	CFE0000009285
	1997
	 	ROC	 	(2) PENOBSCOT DINING TABLE/DCC II	 	CFE0000009289
	1997
	 	ROC	 	(8) PENOBSCOT CHAIRS/ARMLESS/DCC II	 	CFE0000009283
	1997
	 	ROC	 	(4) ISLEBORO DINING TABLE//DCC II	 	CFE0000009286
	1997
	 	ROC	 	(4) WEATHEREND LOVESEATS/DCC II	 	CFE0000009279
	1997
	 	ROC	 	(4) WEATHEREND COCKTAIL TABLE/DCC II	 	CFE0000009284
	1997
	 	ROC	 	(8) DARK HARBOR ROCKERS//DCC II	 	CFE0000009282
	1997
	 	ROC	 	(12)WEATHEREND CHAIRS/DCC II	 	CFE0000009280
	1997
	 	ROC	 	(20) PENOBSCOT CHAIRS W/ ARMS/DCC II	 	CFE0000009281
	1997
	 	ROC	 	(2) ENTREE,BRASS AND GLASS 50/29/16/PLO	 	CFE0000012395
	1997
	 	ROC	 	(15) CABOT WREN,SIDE CHAIRS,CREAM/PLO	 	CFE0000012392
	1997
	 	ROC	 	(15) ENTREE,BRASS AND GLASS TABLE/PLO	 	CFE0000012393
	1997
	 	ROC	 	(2) T MOSER SIDEBOARDS/34X72X24/PLO	 	CFE0000012387
	1997
	 	ROC	 	(8) BAKER CHAIRS/PLO	 	CFE0000012391
	1997
	 	ROC	 	(8) BAKER CHAIRS/PLO	 	CFE0000012390
	1997
	 	ROC	 	(4) T MOSER DINING TABLES/PLO	 	CFE0000012388
	1997
	 	ROC	 	(24) T MOSER SIDE CHAIR/PLO	 	CFE0000012389
	1997
	 	ROC	 	(8) BAKER CHAIRS/EDELMAN LEATHER/PLO	 	CFE0000011987
	1997
	 	ROC	 	(18) HANCOCK AND MOORE CHAIRS / PLO	 	CFE0000011989
	1997
	 	ROC	 	DRAPERY PANELS,CORNICES,SHEERS,WOOD BLINDS,/PLO	 	CFE0000012673
	1997
	 	ROC	 	(175) DAVID EDWARD CHAIRS/COL: RAINTREE/PLO	 	CFE0000012386
	1997
	 	ROC	 	HICKORY CHAIR OVAL COFFEE TABLE/PLO	 	CFE0000014752
	1997
	 	ROC	 	(4) HICKORY CHAIR LAMP TABLES/PLO	 	CFE0000014751
	1997
	 	ROC	 	HENKEL-MOORE CUSTOM TABLE/PLO	 	CFE0000014753

23 of 25

 

     

	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	Asset Number
	1997
	 	ROC	 	(7) HANCOCK & MOORE CHAIRS/PLO	 	CFE0000014750
	1997
	 	ROC	 	OAK BENCH	 	CFE0000015237
	2010
	 	ROC	 	A/V SYS W/REL EQUIPMENT	 	197112 complete list available of all equipment
	1999
	 	ROC	 	GUNLOCKE CARLTON DESK CHAIR COL: CURTINA, PER CAP:PI058	 	226494
	1999
	 	ROC	 	300 SQ. FEET OF LEATHER PER CAP SPEC: PI083.SP2	 	226422
	1999
	 	ROC	 	CONFIRMING PO FOR INVOICE #61699A, HICKORY CHAIRS	 	226807
	1999
	 	ROC	 	2 CUSTOM LEATHER CHAIRS	 	226909
	1999
	 	ROC	 	CASEWORK FOR DESK & CONFERANCE TABLE AT POINT LOOK OUT, PER PROPOSAL DATED 6/16	 	227930
	1999
	 	ROC	 	CARPET;ANTIQUE KAZAK KARACHOPF ORIENTAL RUG FOR THE POINT LOOKOUT, CMC WAITING	 	228207
	1999
	 	ROC	 	SULTANABAD RUG W/ ALL OVER DESIGN 7’11" X 10’1"	 	228824
	1999
	 	ROC	 	SILK TABRIZ RUG ALL OVER DESIGN
4’6”X6’10”	 	228784
	1999
	 	ROC	 	HERIZ RUG WITH CENTRAL MEDALLION
7’ X 9’4”	 	228804
	1999
	 	ROC	 	HERIZ RUG WITH CENTRAL MEDALLION
9’6”X14’4”	 	228764
	1999
	 	ROC	 	HANCOCK & MOORE WING CHAIRS- GREEN LEATHER, ITEM #9140, PER PROPOSAL DATED 7/19	 	229957
	1999
	 	ROC	 	CUSTOM 2 1/2” LOUVER SHUTTERS, PER PROPOSAL #06363	 	229954
	1999
	 	ROC	 	6’ ROUND TABLE PER INVOICE# 6686;FURNITURE,MODULAR;ALD=6,UOM=EA	 	231538
	1999
	 	ROC	 	2 CUSTOM LEATHER CHAIRS	 	233600
	1999
	 	ROC	 	CARPET;5’X7’ BIDJAR RUG FOR MAINE CMC OFFICE	 	234975
	1999
	 	ROC	 	HICKORY CHAIR #1105-11, PROPOSAL #5599	 	236319
	1999
	 	ROC	 	HANCOCK & MOORE WING CHAIRS - IOWA BURGUNDY II LEATHER, ITEM #8352, PER PROPOSAL	 	236318
	2000
	 	ROC	 	FURNITURE,MODULAR;WE6020 LASALLE BENCH	 	240447
	2000
	 	ROC	 	FURNITURE,MODULAR;WE 2048D ISLEBORO DINING TABLE	 	240450
	2000
	 	ROC	 	FURNITURE,MODULAR;WE5520 DARK HARBOR ROCKER	 	240448
	2000
	 	ROC	 	FURNITURE,MODULAR;WE5420 WEATHEREND CHAIR	 	240449
	2000
	 	ROC	 	RELOCATION SERVICES;CONTRACTED,INTERNAL,FURNITURE & EQUIPMENT;INVOICE # 10479 FO	 	241306
	2000
	 	ROC	 	WINDOW TREATMENT;PER PROPOSAL # 06512, TO FURNISH AND INSTALL CUSTOM SHUTTERS FO	 	242599
	2000
	 	ROC	 	CCN EASELS PER CAP SPEC: PI239.SP3, FURNITURE,MODULAR;ALD=6,UOM=EA;FOR BULK FAC	 	251047
	2002
	 	ROC	 	WINDOW TREATMENT;PLEASE PROVIDE SPECIFICS	 	291077
	2002
	 	ROC	 	FURNITURE,MODULAR;ALD=6,	 	291989
	2002
	 	ROC	 	FURNITURE,MODULAR;ALD=6,	 	291988

24 of 25

 

     

	 	 	 	 	 	 	 	 	 
	Year Placed In	 	 	 	 	 	 
	Service	 	Building	 	Description	 	 	Asset Number	 
	2002

	 	ROC
	 	FURNITURE,MODULAR;ALD=6,
	 	 	291990	 
	2002

	 	ROC
	 	FURNITURE,MODULAR;ALD=6,
	 	 	292979	 
	2009

	 	ROC
	 	Captiva -Aire model No.Hood System
	 	 	4212SND-2-PSP-F	 
	2009

	 	ROC
	 	Badger Fire Protection System	 	 	 	 
	2009

	 	ROC
	 	Vulcon Hart Gas Convenction Oven
	 	 	VCD44GD	 
	2009

	 	ROC
	 	Majic Chef Fyer	 	 	 	 
	2009

	 	ROC
	 	Cleveland Range Steamer
	 	 	24CGA10.2	 
	2009

	 	ROC
	 	Char Broiler Counter Griddle	 	 	 	 
	2009

	 	ROC
	 	APW Wyott Hotplate Counter Unit
	 	 	GHP-2H	 
	2009

	 	ROC
	 	Turbo Air Refridgerated Counter Griddle Stand	 	 	 	 
	2009

	 	ROC
	 	Turbo Air Reach In Freezer	 	 	 	 
	2008

	 	PLO FITNESS CENTER
	 	Rebok Studio Cycles (12)	 	 	 	 
	2008

	 	PLO FITNESS CENTER
	 	PreCor Stretch Trainer	 	 	 	 
	2008

	 	PLO FITNESS CENTER
	 	Starmaster Gravitron 200AT	 	 	 	 
	2008

	 	PLO FITNESS CENTER
	 	The Abench	 	 	 	 
	2008

	 	PLO FITNESS CENTER
	 	Body Master weight benches (4)	 	 	 	 
	2008

	 	PLO FITNESS CENTER
	 	Paramount Weight Bench	 	 	 	 

25 of 25

 

Mountain Cabins

	 	 	 	 	 	 	 
	 	 	A	 	B	 	C
	1	 	Acen #	 	Cabins	 	Location
	2

	 	SP348
	 	print — Autumn Gold — John Collette — print |  lithograph — 286/400
	 	Maine.PLC.Cabin.1
	3

	 	SP352
	 	print — White Fence — John Collette — print |  lithograph — 264/400
	 	Maine.PLC.Cabin.1
	4

	 	SP376
	 	print — Morning Shadows — Carol Collette — print |  lithograph — 41/400
	 	Maine.PLC.Cabin.1
	5

	 	O1869
	 	painting — United Landscape I — Jack Williams — oil | paper
	 	Maine.PLC.Cabin.10
	6

	 	SP138
	 	print — Stonybrook — Benabib — print
	 	Maine.PLC.Cabin.10
	7

	 	SP1859
	 	Harmony of the Seasons-Summer — Sandy Wadlington — lithograph — 153/400
	 	Maine.PLC.Cabin.10
	8

	 	SP1860
	 	Harmony of the Seasons-Fall — Sandy Wadlington — lithograph — 153/400
	 	Maine.PLC.Cabin.10
	9

	 	SP1861
	 	Harmony of the Seasons-Winter — Sandy Wadlington — lithograph — 153/400
	 	Maine.PLC.Cabin.10
	10

	 	SP1862
	 	Harmony of the Seasons-Spring — Sandy Wadlington — lithograph — 153/400
	 	Maine.PLC.Cabin.10
	11

	 	SP2541
	 	print — Arboretum Pathway — Carson Gladson — print |  lithograph — 69/950
	 	Maine.PLC.Cabin.10
	12

	 	W835
	 	Dock Rhythm — David Ridgeway
	 	Maine.PLC.Cabin.10
	13

	 	SP1328
	 	print — Mooring — John Mcnulty — print — 134/350
	 	Maine.PLC.Cabin.100
	14

	 	SP1348
	 	print — Untitled Bermuda Scene — Diana Amos — print
	 	Maine.PLC.Cabin.100
	15

	 	SP1804
	 	print — West Ryde Middle — J. Steven Dews
	 	Maine.PLC.Cabin.100
	16

	 	SP1102
	 	print —Old Gas Station — Jack Schmitt — paper | print  — 528/750
	 	Maine.PLC.Cabin.101
	17

	 	O363
	 	painting — Boat House — David Vickery — oil
	 	Maine.PLC.Cabin.102
	18

	 	PL240
	 	painting — Marsh Garden — Sharon Mallison — pastel
	 	Maine.PLC.Cabin.102
	19

	 	S708A
	 	carving — Terns in Flight  — Lance Lichtensteiger — wood | chestnut
	 	Maine.PLC.Cabin.102
	20

	 	S708B
	 	carving | sculpture — Terns in Flight  — Lance Lichtensteiger — wood | chestnut
	 	Maine.PLC.Cabin.102
	21

	 	S753
	 	model ship — Elf — J. Alden — wood
	 	Maine.PLC.Cabin.102
	22

	 	SP2193
	 	print — Three Ruffed Grouse — Susan Balch — print — 2/100
	 	Maine.PLC.Cabin.102
	23

	 	O5753
	 	painting — Afternoon Blues — Brian Magargal — oil | canvas
	 	Maine.PLC.Cabin.103
	24

	 	W3125
	 	Pemaquid — Denis LeBlanc
	 	Maine.PLC.Cabin.103
	25

	 	SP1006
	 	print — Windmill — Laura Sawyer — print — 83/250
	 	Maine.PLC.Cabin.104
	26

	 	SP3111
	 	print — Jolly Hills Farm — Charles Wysocki — print | lithograph — 185/1000
	 	Maine.PLC.Cabin.104
	27

	 	W151
	 	January Afternoon — Owen Jones
	 	Maine.PLC.Cabin.104
	28

	 	SP1005
	 	print — Crooked Fence — Laura Sawyer — print — 131/250
	 	Maine.PLC.Cabin.105
	29

	 	SP999
	 	print — Fall Tree — Laura Sawyer — print — 109/250
	 	Maine.PLC.Cabin.105
	30

	 	S752
	 	model ship — Louise Howard — F. Adams — wood
	 	Maine.PLC.Cabin.106
	31

	 	SP3117
	 	print — Caleb’s Buggy Barn — Charles Wysocki — print | lithograph — 182/1000
	 	Maine.PLC.Cabin.106
	32

	 	SP476
	 	print — Fallowfield — Peter Sculthorpe — print — 242/500
	 	Maine.PLC.Cabin.106
	33

	 	SP715
	 	print — US Views c.1840 (View from Mountain House-Catskill) — W H Bartlett
	 	Maine.PLC.Cabin.106
	34

	 	SP722
	 	print — US Views c.1834-46 (City hall-New York) — Hinton — print | etching
	 	Maine.PLC.Cabin.106
	35

	 	W152
	 	Cardinal — Owen Jones
	 	Maine.PLC.Cabin.106
	36

	 	W133
	 	Wilmington-Philadelphia — Virginia Ann Holt
	 	Maine.PLC.Cabin.11
	37

	 	W144
	 	Snowy Day in Greenville — Virginia Ann Holt
	 	Maine.PLC.Cabin.11
	38

	 	W777
	 	Ice Skating on the Potomac — Virginia Ann Holt
	 	Maine.PLC.Cabin.11
	39

	 	W2139
	 	Daisies — Jerry Smith
	 	Maine.PLC.Cabin.12
	40

	 	W2669
	 	Three Trees in Snow — David Dodge Gray
	 	Maine.PLC.Cabin.12
	41

	 	SP2326
	 	print — Independence — Tim Thompson — print | paper
	 	Maine.PLC.Cabin.14
	42

	 	SP1243
	 	print — West Ryde Middle 1934 Big Class Race — J. Steven Dews — paper — 332/950
	 	Maine.PLC.Cabin.15
	43

	 	SP136
	 	print — Deep Brook — Benabib — print
	 	Maine.PLC.Cabin.15
	44

	 	SP589
	 	print — ON THE WAY TO GLORY — Thomas Hoyne — print — 473/550
	 	Maine.PLC.Cabin.15
	45

	 	SP21
	 	print — JESSUP NECK — Jeler — serigraph — 14/120
	 	Maine.PLC.Cabin.16
	46

	 	W468
	 	Pemaquid Lighthouse — Rollins
	 	Maine.PLC.Cabin.16
	47

	 	W470
	 	COAST OF MAINE — Jean McLean
	 	Maine.PLC.Cabin.16
	48

	 	O468
	 	painting — Untitled#1 — Jeff Carpenter — board | oil | wood
	 	Maine.PLC.Cabin.18
	49

	 	O469
	 	painting — Untitled#3 — Jeff Carpenter — board | oil | wood
	 	Maine.PLC.Cabin.18
	50

	 	O471
	 	painting — Untitled#5 — Jeff Carpenter — oil | wood
	 	Maine.PLC.Cabin.18
	51

	 	O232
	 	painting — Cutting Ice — Sam Thorpe — oil
	 	Maine.PLC.Cabin.19
	52

	 	O237
	 	painting — Back to the Sugarbush — Sam Thorpe — oil
	 	Maine.PLC.Cabin.19
	53

	 	O242
	 	painting — Winter Harbor Light (Bar Island) — Sam Thorpe — oil
	 	Maine.PLC.Cabin.19
	54

	 	SP398
	 	print — Stover-Meyers Summer — Peter Keating — print — 109/950
	 	Maine.PLC.Cabin.2
	55

	 	W179
	 	Kennett Pike Monarch — Carolyn Blish
	 	Maine.PLC.Cabin.2
	56

	 	W2084
	 	Valley Cove — Isabelle Bannerman
	 	Maine.PLC.Cabin.20
	57

	 	SP2086
	 	print — Ailsa Course Turnberry — Graeme W. Baxter — print
	 	Maine.PLC.Cabin.21
	58

	 	SP2995
	 	print — Yesteryear — William Coomb — print — 112/500
	 	Maine.PLC.Cabin.21
	59

	 	W572
	 	Harbor Bell (Mt. Desert Isle) — Thomas A. Newnam
	 	Maine.PLC.Cabin.21
	60

	 	SP2970
	 	print — East Dean Mill — Ashley Bolch — print — 168/280
	 	Maine.PLC.Cabin.22
	61

	 	SP2971
	 	print — Tilton Farm Barn — Ashley Bolch — print — 8/250
	 	Maine.PLC.Cabin.22
	62

	 	SP2973
	 	print — Racing Sails I — John Mcnulty — print — 76/350
	 	Maine.PLC.Cabin.22
	63

	 	SP2947
	 	print — Regatta II — John Mcnulty — print — 149/350
	 	Maine.PLC.Cabin.23
	64

	 	SP2949
	 	print — Regatta I — John Mcnulty — print — 212/350
	 	Maine.PLC.Cabin.23
	65

	 	SP2951
	 	print — Bright Clouds — Simon Bull — print | silkscreen — 76/200
	 	Maine.PLC.Cabin.23

page 1 of 5

 

Mountain Cabins

	 	 	 	 	 	 	 
	 	 	A	 	B	 	C
	1	 	Accn #	 	Cabins	 	Location
	66

	 	SP2952
	 	print — Tilton Farm Barn — Ashley Bolch — print — 140/250
	 	Maine.PLC.Cabin.23
	67

	 	SP2953
	 	print — Estrrary — London — print — 9/200
	 	Maine.PLC.Cabin.23
	68

	 	SP2972
	 	print — River Barn I —
John Mcnulty — print — A/P
	 	Maine.PLC.Cabin.23
	69

	 	SP2895
	 	print — Lighthouse Rock — John Mcnulty — print — 24/250
	 	Maine.PLC.Cabin.24
	70

	 	SP2945
	 	print — Tangier Sound — Neil Harpe — print
	 	Maine.PLC.Cabin.24
	71

	 	SP3012
	 	print — Final Resting Place — Neil Harpe — print — APXI/XXX
	 	Maine.PLC.Cabin.24
	72

	 	SP2920
	 	print — Twilight — Sandy Wadlington — print — 197/300
	 	Maine.PLC.Cabin.25
	73

	 	SP2954
	 	print — Island Suite III — Sandy Wadlington — print — 90/275
	 	Maine.PLC.Cabin.25
	74

	 	SP2955
	 	print — Island Suite II — Sandy Wadlington — print — 90/275
	 	Maine.PLC.Cabin.25
	75

	 	SP2956
	 	print — Island Suite I — Sandy Wadlington — print — 90/275
	 	Maine.PLC.Cabin.25
	76

	 	W427
	 	Untitled — Ned Ewell
	 	Maine.PLC.Cabin.25
	77

	 	SP2172
	 	print — A Resting Place — Andrew Moore —
print | paper — 268/950
	 	Maine.PLC.Cabin.26
	78

	 	SP120
	 	print — Common Loon — Mitra — print — 292/350
	 	Maine.PLC.Cabin.27
	79

	 	SP634
	 	print — Canada Goose Decoy —
Lawrence Snyder — print | etching — 167/250
	 	Maine.PLC.Cabin.27
	80

	 	SP642
	 	print — 1936 Ward Canvasback Decoy — Lawrence Snyder — etching — 343/350
	 	Maine.PLC.Cabin.27
	81

	 	O327
	 	painting — ROUGH SEAS —
Forbes Wolfe —
oil | board
	 	Maine.PLC.Cabin.28
	82

	 	SP141
	 	print — Monhegan Harbor — Loretta Krupinski — print — 19/780
	 	Maine.PLC.Cabin.28
	83

	 	SP472
	 	print — Evening Sun — Peter Sculthorpe — print — 230/800
	 	Maine.PLC.Cabin.28
	84

	 	SP831
	 	print — Midday Shadows — Rasmussen — print — 33/125
	 	Maine.PLC.Cabin.28
	85

	 	SP953
	 	print — Hebe Bore — Clarky — print — 112/360
	 	Maine.PLC.Cabin.28
	86

	 	SP985
	 	print — North Star —
Puschock — print | paper — 41/500
	 	Maine.PLC.Cabin.28
	87

	 	O263
	 	painting — HADLOCK POND — David Brankley — oil
	 	Maine.PLC.Cabin.29
	88

	 	O265
	 	painting — White Caps — David Brankley — oil
	 	Maine.PLC.Cabin.29
	89

	 	O269
	 	painting — Afternoon Rock — David Brankley — oil
	 	Maine.PLC.Cabin.29
	90

	 	O271
	 	painting — Otter Cove — David Brankley — oil
	 	Maine.PLC.Cabin.29
	91

	 	O272
	 	painting — Lobster Bay — David Brankley — oil
	 	Maine.PLC.Cabin.29
	92

	 	SP2374
	 	print — Rockport Habor —
William Beebe — print | paper | lithograph —
130/780
	 	Maine.PLC.Cabin.3
	93

	 	SP1786
	 	print — Colorado Gold —
Peter Ellenshaw — print | paper — 478/950
	 	Maine.PLC.Cabin.30
	94

	 	SP950
	 	print — Outer Island —
Hawks — paper | print — 36/560
	 	Maine.PLC.Cabin.31
	95

	 	SP2921
	 	print — Jetty — London — print — 47/200
	 	Maine.PLC.Cabin.32
	96

	 	SP3011
	 	print — Skipjacks on the Choptank — Neil Harpe — print — APX/XXX
	 	Maine.PLC.Cabin.32
	97

	 	SP952
	 	print — Sea Cloud —
Clarky — paper |
print — 94/360
	 	Maine.PLC.Cabin.32
	98

	 	SP891
	 	print — Yellow Boat —
Gomes — print | paper — 322/480
	 	Maine.PLC.Cabin.33
	99

	 	W1693
	 	Duck — Williams
	 	Maine.PLC.Cabin.33
	100

	 	W2137
	 	Two Pitchers — Jerry Smith
	 	Maine.PLC.Cabin.33
	101

	 	W1230
	 	Early Spring — Donald Robinson
	 	Maine.PLC.Cabin.35
	102

	 	W1345
	 	Maine Summerscape — Karen Frattali
	 	Maine.PLC.Cabin.35
	103

	 	W585
	 	Winter Basket — C. Phillip Wikoff
	 	Maine.PLC.Cabin.35
	104

	 	W609
	 	Signs of Spring — Nancy Willis
	 	Maine.PLC.Cabin.35
	105

	 	W631
	 	House on Water Street — Gregory Dunham
	 	Maine.PLC.Cabin.35
	106

	 	W67
	 	Pemaquid Light — Webster
	 	Maine.PLC.Cabin.35
	107

	 	W68
	 	Pumpkin Island — Webster
	 	Maine.PLC.Cabin.35
	108

	 	W69
	 	Bridge — Webster
	 	Maine.PLC.Cabin.35
	109

	 	SP2891
	 	print | etching — Jetty
— London — print | etching — 44/200
	 	Maine.PLC.Cabin.36
	110

	 	SP2913
	 	print — Upper Creek — London — print — 50/200
	 	Maine.PLC.Cabin.36
	111

	 	W1811
	 	The White Door — Donald Robinson
	 	Maine.PLC.Cabin.36
	112

	 	SP566
	 	print — The Mastheadman — John Mecray — print — 65/550
	 	Maine.PLC.Cabin.38
	113

	 	W2136
	 	Stillife with Daisies — Jerry Smith
	 	Maine.PLC.Cabin.38
	114

	 	SP1014
	 	print — Quarry Bridge —
John Caggiano — paper | print — 26/987
	 	Maine.PLC.Cabin.39
	115

	 	SP1062
	 	print — Motif #1 — John
Caggiano — print | paper
	 	Maine.PLC.Cabin.39
	116

	 	SP287
	 	print — ROCKPORT HARBOR — John Caggiano — lithograph — 223/985
	 	Maine.PLC.Cabin.39
	117

	 	SP288
	 	print — SMITH COVE — John Caggiano — print — 74/950
	 	Maine.PLC.Cabin.39
	118

	 	W2103
	 	Clothesline — Judy Ennis
	 	Maine.PLC.Cabin.39
	119

	 	W1469
	 	Frosty Fingers — E. Jean Lanyon
	 	Maine.PLC.Cabin.4
	120

	 	W1701
	 	Judd’s Boathouse — William Hoyt
	 	Maine.PLC.Cabin.4
	121

	 	W2114
	 	Summer Walk — Richard Roflow
	 	Maine.PLC.Cabin.4
	122

	 	W579
	 	Fall Flame — E. Jean Lanyon
	 	Maine.PLC.Cabin.4
	123

	 	SP1001
	 	print — Cactus Stream — Laura Sawyer — print — 14/250
	 	Maine.PLC.Cabin.41
	124

	 	SP3229
	 	print — Vinalhaven — John
Atwater — paper | print — 217/750
	 	Maine.PLC.Cabin.41
	125

	 	O5788
	 	painting — Garden Path — Anna Brelsford
McCoy — oil | linen
	 	Maine.PLC.Cabin.42
	126

	 	O5790
	 	painting — Mrs. Wheelwright’s
Garden — Anna Brelsford McCoy — oil | canvas
	 	Maine.PLC.Cabin.42
	127

	 	SP665
	 	print — SUMMER SHADE — Carol Collette — etching — 253/400
	 	Maine.PLC.Cabin.42
	128

	 	W3123
	 	Kennebunk Vert — Denis LeBlanc
	 	Maine.PLC.Cabin.42
	129

	 	SP1004
	 	print — White Caps — Laura Sawyer — print — 62/250
	 	Maine.PLC.Cabin.43

page 2 of 5

 

Mountain Cabins

	 	 	 	 	 	 	 
	 	 	A	 	B	 	C
	1	 	Acen #	 	Cabins	 	Location
	130

	 	SP588
	 	print — Afternoon Impressions — Shelley — print
	 	Maine.PLC.Cabin.43
	131

	 	SP1226
	 	print — Medium Landscape — David Curl — print — 1/1
	 	Maine.PLC.Cabin.44
	132

	 	SP585
	 	print — Untitled — Jelen — print — 52/125
	 	Maine.PLC.Cabin.44
	133

	 	SP637
	 	print — Pig Weathervane — Lawrence Snyder — etching | print — 95/350
	 	Maine.PLC.Cabin.44
	134

	 	O3386
	 	Painting — Seascape II — Alex Dzigurski — oil |
 canvas	 	Maine.PLC.Cabin.45
	135

	 	SP1161
	 	print — Boats — West Fraser — print — 145/150
	 	Maine.PLC.Cabin.45
	136

	 	SP638
	 	print — Rooster Weathervane — Lawrence Snyder — print |
 etching — 137/350
	 	Maine.PLC.Cabin.45
	137

	 	SP1235
	 	print — In Bloom — Reday — print |
 lithograph - 1/1
	 	Maine.PLC.Cabin.45
	138

	 	SP47
	 	print — Sailing — West Fraser — print — 119/250
	 	Maine.PLC.Cabin.47
	139

	 	SP439
	 	print — Large Landscape — Michael Schofield — print — 69/375
	 	Maine.PLC.Cabin.48
	140

	 	SP5647
	 	painting — Cutting Starboard — Vern Broe — oil |
 canvas ~
 board
	 	Maine.PLC.Cabin.49
	141

	 	O5648
	 	painting — Head of the Class — Vern Broe — oil |
 canvas ~
 board
	 	Maine.PLC.Cabin.49
	142

	 	W980
	 	Field of Dandelions — Bradley Hendershot
	 	Maine.PLC.Cabin.49
	143	 	SP2375	 	print — Key’s Porch — William Beebe — print |
 lithograph — 84/600	 	 Maine.PLC.Cabin.5
	144	 	 PL13	 	painting — Vertical Monoprint — Curls — paste |
 monotype	 	Maine.PLC.Cabin.52 
	145	 	SP1058	 	print — Vhorsta Tvargrand — Boireiouslie —  print |
 paper — 180/320	 	Maine.PLC.Cabin.52
	146	 	SP1061	 	print — Fishargatan — Boireiouslie — paper |
 print — 214/320	 	Maine.PLC.Cabin.52
	147

	 	W3120
	 	Dingies — Denis LeBlanc
	 	Maine.PLC.Cabin.52
	148	 	SP3112	 	 print — Page’s Bake Shoppe — Charles Wysocki — print | lithograph — 133/1500	 	Maine.PLC.Cabin.54
	149	 	PL14	 	painting — Square Monoprint — Curls — pastel | monotype	 	Maine.PLC.Cabin.55
	150	 	SP1146	 	print — Break in Clouds — Chase Chenoff — lithograph | print — 241/350	 	Maine.PLC.Cabin.55
	151

	 	S1220
	 	figurehead — Male Figurehead — wood
	 	Maine.PLC.Cabin.56
	152

	 	SP1225
	 	print — Small Landscape — David Curl — print — 1/1
	 	Maine.PLC.Cabin.56
	153	 	O5658	 	painting — In the Good Hours — Stan Moeller — oil | canvas	 	Maine.PLC.Cabin.57
	154	 	SP713	 	print — Reflected Lights — Frank Panabaker — print | paper — 10/50	 	Maine.PLC.Cabin.57
	155

	 	SP94
	 	print — Eagle Owl — Thorburn — print
	 	Maine.PLC.Cabin.57
	156

	 	W2073
	 	Side View Bass Harbor Light — Peter Bugda
	 	Maine.PLC.Cabin.57
	157

	 	W76
	 	Uniquely Bayside — Ed Rafferty
	 	Maine.PLC.Cabin.57
	158	 	O5654	 	painting — With Hope in Their Hearts — Vern Broe — oil | canvas ~
 board	 	Maine.PLC.Cabin.59
	159

	 	S501
	 	sculpture — Right Whale Wall Plaque — Wick Ahrens — wood
	 	Maine.PLC.Cabin.59
	160

	 	S502
	 	sculpture — Humpback Wall Plaque — Wick Ahrens — wood
	 	Maine.PLC.Cabin.59
	161

	 	SP341
	 	print — Cobblestone Lane — John Collette — print — 159/400
	 	Maine.PLC.Cabin.59
	162

	 	SP951
	 	print — Five Sisters — Consuelo Hanks — print
	 	Maine.PLC.Cabin.59
	163

	 	W103
	 	Wydle
	 	Maine.PLC.Cabin.6
	164

	 	W2140
	 	Potted Daisies — Jerry Smith
	 	Maine.PLC.Cabin.6
	165

	 	W897
	 	Shadblow — Stuart Eldridge
	 	Maine.PLC.Cabin.6
	166

	 	O314
	 	painting — Brandywine Creek Park Spring — Phyllis Hartzler — oil
	 	Maine.PLC.Cabin.60
	167

	 	SP2160
	 	print — Andrew Jackson and David Crocket — Tim Thompson — print
	 	Maine.PLC.Cabin.61
	168	 	O5561	 	painting — Ski Village — Diana Card — acrylic | panel	 	Maine.PLC.Cabin.62
	169	 	O6130	 	painting — Bass Harbor Light — William Beebe — oil | canvas	 	Maine.PLC.Cabin.62
	170	 	O6131	 	painting — The Old Red House on Monhegan — William Beebe — oil | canvas	 	Maine.PLC.Cabin.62
	171

	 	S500
	 	sculpture — Sperm Whale Wall Plaque — Wick Ahrens — wood
	 	Maine.PLC.Cabin.62
	172

	 	SP1162
	 	print — Boats II — West Fraser — print — 245/550
	 	Maine.PLC.Cabin.62
	173

	 	W2026
	 	February Snow — Virginia Folino
	 	Maine.PLC.Cabin.62
	174	 	O5652	 	painting — Showing the Way — Vern Broe — oil | canvas ~
 board	 	Maine.PLC.Cabin.63
	175	 	O58	 	painting — Peeled Orange — M Reinert — oil | board	 	Maine.PLC.Cabin.63
	176	 	PL28	 	pastel — Adele’s Backyard in Blue — Margaret Gill — United States — pastel | paper	 	Maine.PLC.Cabin.63
	177

	 	S754
	 	painting — Companionship — Jerri Finch — acrylic | fabric
	 	Maine.PLC.Cabin.64
	178	 	S754	 	model ship — Fayaway — J. Alden — wood	 	Maine.PLC.Cabin.64
	179

	 	O3030
	 	painting — Winter Light — David Tutwiler — oil
	 	Maine.PLC.Cabin.65
	180	 	O5206	 	painting — Standing Guard — Andrea Peters — oil | paper	 	Maine.PLC.Cabin.65
	181

	 	SP357
	 	print — The Swing — John Collette — print — 312/400
	 	Maine.PLC.Cabin.65
	182

	 	W3076
	 	August Daylilies — Jo Spiller
	 	Maine.PLC.Cabin.65
	183

	 	S994
	 	model ship — Home Bound — Erik A.R. Ronnberg, Sr.
	 	Maine.PLC.Cabin.66
	184

	 	W3284
	 	Clam Diggers — Ray Davidson
	 	Maine.PLC.Cabin.66
	185	 	PH167	 	photograph — Artist on Rocks — Bonnie Farmer — cibachrome | photograph	 	Maine.PLC.Cabin.67
	186

	 	SP2855
	 	print — Foggy Morning — Joe Beeler — print
	 	Maine.PLC.Cabin.67
	187

	 	SP2863
	 	print — Wood Gatherer of Walpi — Paul Calle — print
	 	Maine.PLC.Cabin.67
	188

	 	W3113
	 	Siberian Iris — Gloria Gustafson
	 	Maine.PLC.Cabin.67
	189

	 	W3124
	 	Bidderford Pool — Denis LeBlanc
	 	Maine.PLC.Cabin.67
	190

	 	SP2862
	 	print — Night Riders — Melvin Warren — print
	 	Maine.PLC.Cabin.68
	191

	 	SP2865
	 	print — Waiting to go to the Powwow — Ray Swanson — print
	 	Maine.PLC.Cabin.68
	192

	 	SP2867
	 	print — The Supply Wagon — James Reynolds — print
	 	Maine.PLC.Cabin.68
	193

	 	W3285
	 	America’s Cup — Ray Davidson
	 	Maine.PLC.Cabin.68

page 3 of 5

 

Mountain Cabins

	 	 	 	 	 	 	 
	 	 	A	 	B	 	C
	1	 	Accn #	 	Cabins	 	Location
	 194

	 	O2253
	 	painting — Top of the Hill — Stefan Pastuhov — oil
	 	Maine.PLC.Cabin.69
	 195

	 	SP2851
	 	print — The Raiders — Frank McCarthy — print
	 	Maine.PLC.Cabin.69
	 196

	 	SP2853
	 	print — Selling the White Stallion — Melvin C. Warren — print
	 	Maine.PLC.Cabin.69
	 197

	 	SP2856
	 	print — Tribal Hunt — John Clymer — print
	 	Maine.PLC.Cabin.69
	198

	 	DA530
	 	bell — Ship’s Bell wood |
 metal
	 	Maine.PLC.Cabin.70
	 199

	 	SP2849
	 	print — At’ Eed Yazhi (Little Girl) — Ray Swanson — print
	 	Maine.PLC.Cabin.70
	 200

	 	SP2861
	 	print — Mist of Morning — Ralph Wall — print
	 	Maine.PLC.Cabin.70
	 201

	 	SP2847
	 	print — Death To Long Knives — Joe Ruiz Grandee — print
	 	Maine.PLC.Cabin.71
	 202

	 	SP2859
	 	print — Pursuit and Attack — Joe Ruiz Grandee — print
	 	Maine.PLC.Cabin.71
	 203

	 	W1000
	 	From Lucia Beach 5:45PM — Susan Van Campen
	 	Maine.PLC.Cabin.72
	 204

	 	W1764
	 	Poppy Field — Kimber Lee Clark
	 	Maine.PLC.Cabin.72
	 205

	 	W3078
	 	Bearded Iris — Jo Spiller
	 	Maine.PLC.Cabin.72
	 206

	 	SP662
	 	print — IN THE VILLAGE — Carol Collette — etching — 383/400
	 	Maine.PLC.Cabin.73
	 207

	 	SP664
	 	print — JULY — Carol Collette — etching — 354/400
	 	Maine.PLC.Cabin.73
	208

	 	O2878
	 	painting — Barn on Granogue — May — Joan Zylkin — oil |
  paper
	 	Maine.PLC.Cabin.74
	209

	 	O5644
	 	painting — Summer Solitude — Vern Broe — oil |
  canvas ~ board
	 	Maine.PLC.Cabin.74
	 210

	 	SP316
	 	print — Arctic Sprint — White Gyrfalcon — R Parker — print — 869/950
	 	Maine.PLC.Cabin.74
	 211

	 	SP2982
	 	print | etching - Downstream - Dawn Matthews - print | etching - 50/300
	 	Maine.PLC.Cabin.75
	 212

	 	O1503
	 	painting — Sun on the Tree Tops — Scott Moore — oil
	 	Maine.PLC.Cabin.76
	 213

	 	SP400
	 	print — Return of the Falcon — Steven Lyman — print — 695/1500
	 	Maine.PLC.Cabin.77
	 214

	 	SP435
	 	print — Along Kitchikan Creek — Elizabeth Rose — print — 241/500
	 	Maine.PLC.Cabin.77
	215

	 	SP526
	 	Print — Steamer Rem II — William Dawson — print |
lithograph — II/XXX
	 	Maine.PLC.Cabin.78
	 216

	 	SP681
	 	print — River Loch — Browne — print
	 	Maine.PLC.Cabin.78
	 217

	 	SP146
	 	print — Lumber Docks at Bangor Maine — Victor Mays — print — 276/550
	 	Maine.PLC.Cabin.79
	
218

	 	SP2923
	 	print
| etching — Downstream —
Dawn Matthews — print |
etching — 300/300

	 	Maine.PLC.Cabin.79
	 219

	 	SP660
	 	print — SOUTHERLY — John Mcnulty — print — 69/275
	 	Maine.PLC.Cabin.79
	 220

	 	SP661
	 	print — BELL BOUY — John Mcnulty — print — 56/275
	 	Maine.PLC.Cabin.79
	 221

	 	O5307
	 	painting — Birds in a Field — Joseph Litz — acrylic
	 	Maine.PLC.Cabin.8
	 222

	 	SP1166
	 	print - Stalking the Shallows - Robert E Binks - paper | print - 810/2600
	 	Maine.PLC.Cabin.8
	 223

	 	SP676
	 	print - Nantucket Village - Karol Wyckoff - print | paper - 15/275
	 	Maine.PLC.Cabin.8
	 224

	 	W1470
	 	Hidden Entrance — E. Jean Lanyon
	 	Maine.PLC.Cabin.8
	 225

	 	W66
	 	Salt Marsh Farm — Webster
	 	Maine.PLC.Cabin.8
	 226

	 	W907
	 	Low Tide Apogee — William Hoyt
	 	Maine.PLC.Cabin.8
	 227

	 	SP1329
	 	print — Days End — unknown — print — 84/700
	 	Maine.PLC.Cabin.80
	 228

	 	SP828
	 	print — Early Morning Kitchikan — Elizabeth Rose — print — 216/500
	 	Maine.PLC.Cabin.80
	 229

	 	SP1805
	 	print — Candida and Astra Racing off Cowes — J. Steven Dews — lithograph
	 	Maine.PLC.Cabin.81
	 230

	 	SP491
	 	print — Small Untitled Vertical — Michael Schofield — print — AP
	 	Maine.PLC.Cabin.83
	 231

	 	SP892
	 	print — Back Bay — Gomes — print — 345/960
	 	Maine.PLC.Cabin.83
	 232

	 	SP147
	 	print — Block Island Boat Beaching — Victor Mays — print — 65/550
	 	Maine.PLC.Cabin.84
	233

	 	SP3113
	 	print - Fairhaven by the Sea - Charles Wysocki - print | lithograph - 828/1000
	 	Maine.PLC.Cabin.85
	234

	 	SP525
	 	print - Schooner Rem II - William Dawson - print | lithograph - II/XXX
	 	Maine.PLC.Cabin.85
	 235

	 	W14
	 	John Hopkins Inlet — Kitty A. Bauer
	 	Maine.PLC.Cabin.85
	 236

	 	SP291
	 	print — Blackstone Farmstead — Albert Swayhoover — print — 525/950
	 	Maine.PLC.Cabin.86
	 237

	 	SP292
	 	print — Victorian Days — Albert Swayhoover — print — 119/1000
	 	Maine.PLC.Cabin.86
	 238

	 	SP3124
	 	print - Pelican - Peter Parnall - print | lithograph - 1314/1500
	 	Maine.PLC.Cabin.86
	 239

	 	O5504
	 	painting - Ginley Hall - William Beebe - oil | board
	 	Maine.PLC.Cabin.87
	 240

	 	SP1098
	 	print — Gulf Station, 1930’s — Jack Schmitt — paper — 528750
	 	Maine.PLC.Cabin.88
	 241

	 	SP839
	 	print — The Howard — Turnbaugh — print — 194/475
	 	Maine.PLC.Cabin.88
	 242

	 	O26
	 	painting — St. Lawrence River — Denis Nolet — Canada — oil
	 	Maine.PLC.Cabin.9
	 243

	 	O266
	 	painting - Sargant Bay - David Brankley - oil | canvas
	 	Maine.PLC.Cabin.9
	 244

	 	O267
	 	painting — Little Long Pond II — David Brankley — oil
	 	Maine.PLC.Cabin.9
	 245

	 	O270
	 	painting — Lupines II — David Brankley — oil
	 	Maine.PLC.Cabin.9
	 246

	 	SP969
	 	print — Ocean View Cottage — John Atwater
	 	Maine.PLC.Cabin.9
	 247

	 	W2838
	 	Marshal Point — Marvin Jacobs
	 	Maine.PLC.Cabin.9
	 248

	 	W2841
	 	East Port Pinky- Edith Silver- Lottie Byrnes — Marvin Jacobs
	 	Maine.PLC.Cabin.9
	 249

	 	SP971
	 	print — Yachting — Fores — sketch
	 	Maine.PLC.Cabin.91
	 250

	 	SP1165
	 	print — Lookout Point — Rasmussen — print — 123/125
	 	Maine.PLC.Cabin.92
	 251

	 	SP3116
	 	print - Yankee Wink Hollow - Charles Wysocki - print | lithograph - 244/1000
	 	Maine.PLC.Cabin.92
	 252

	 	O5641
	 	painting - Late Afternoon Sail - Vern Broe - oil | canvas ~ board
	 	Maine.PLC.Cabin.93
	 253

	 	SP3114
	 	print - Olde America - Charles Wysocki - print | lithograph - 190/1500
	 	Maine.PLC.Cabin.93
	 254

	 	SP3115
	 	print - Carver Coggins - Charles Wysocki - print | lithograph - 204/1000
	 	Maine.PLC.Cabin.93
	 255

	 	SP720
	 	print — Wall Street c.1830 (View of Old City Hall) — D Knickerbocker — etching
	 	Maine.PLC.Cabin.93
	 256

	 	SP627
	 	print — Proud of His Pack — George Wright — print
	 	Maine.PLC.Cabin.94
	 257

	 	SP315
	 	print — SNOWY OWLS — Peterson — print — 601/950
	 	Maine.PLC.Cabin.95

page 4 of 5

 

Mountain Cabins

	 	 	 	 	 	 	 	 	 
	 	 	A	 	B	 	C
	1	 	Accn #	 	Cabins	 	Location
	258

	 	SP629
	 	print — Through the Bullfinch — George Wright — print
	 	Maine.PLC.Cabin.95
	259
	 	SP718
	 	print — US Views c.1840 (The
Narrows) — W H Bartlett — print |  etching
	 	Maine.PLC.Cabin.95
	260
	 	SP721
	 	print — US Views c.1834-46 (New York) — Hinton — print | etching
	 	Maine.PLC.Cabin.95
	261
	 	SP3119
	 	print — Prairie Wind Flowers — Charles Wysocki — print | lithograph — 906/1000
	 	Maine.PLC.Cabin.97
	262
	 	SP628
	 	print — The Opening Day — George Wright — print
	 	Maine.PLC.Cabin.97
	263
	 	SP716
	 	print — US Views c.1840 (Villa on the Hudson) — W H Bartlett — print | etching
	 	Maine.PLC.Cabin.97
	264
	 	SP717
	 	print — US Views c.1840 (Baltimore/Washington Railroad) — W H Bartlett — etching
	 	Maine.PLC.Cabin.97
	265
	 	SP630
	 	print — A Killing Place — George Wright — print
	 	Maine.PLC.Cabin.98
	266
	 	 	O244	 	 	painting — Sugaring Off — Sam Thorpe — oil
	 	Maine.PLC.Cabin.99
	267
	 	SP3228
	 	print — Balloons, Balloons! — Sally Caldwell Fisher — print — 165/200
	 	Maine.PLC.Cabin.99
	268
	 	 	266	 	 	 	 	 
	269
	 	 	 	 	 	 	 	 
	270
	 	 	 	 	 	 	 	 

page 5 of 5

 

Exhibit C

SHORT FORM QUITCLAIM DEED WITH COVENANT

     POINT LOOKOUT, LLC, a Maryland limited liability company, with an address of
c/o Erickson Retirement Communities, LLC, 701 Maiden Choice Lane, Baltimore, Maryland
21228, FOR CONSIDERATION
PAID, grants to ATHENAHEALTH, INC., a ____________, with an address
of  ____________, with
QUITCLAIM COVENANTS, that certain real property located in the Towns of Northport and
Lincolnville in Waldo County, Maine all as more particularly described on Exhibit “A”
attached hereto and made a part hereof.

     IN WITNESS WHEREOF, Point Lookout, LLC has caused this instrument to be executed
under seal by
John E. Erickson, its President thereunto duly authorized, on the date set forth
in the acknowledgment attached
hereto, TO BE EFFECTIVE as of  ____________, 2011.

	 	 	 	 	 

	 	 	POINT LOOKOUT, LLC
	 	 	a Maryland limited liability company
	 
	 	 	 	 
	 

	 	By:
	 	THE ERICKSON FOUNDATION, INC.
	 

	 	 	 	 A Maryland corporation
	 

	 	 	 	Its manager

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	John E. Erickson    	 
	 	 	President 	 
	 

State of ________________

County of ______________, ss.

PERSONALLY APPEARED the above named John E. Erickson, President of the Erickson
Foundation, Inc. as aforesaid and acknowledged the foregoing instrument to be his free
act and deed in his said capacity and the free act and deed of said corporation.

	 	 	 	 	 

	 

	 	Before me,	 	 
	 
	 	 	 	 
	 

	 	 

Notary Public
	 	 
	 
	 	 	 	 
	 

	 	My commission expires:	 	 

 

 

EXHIBIT A TO SHORT FORM QUITCLAIM DEED WITH COVENANT

Property Description

(to be attached)

 

 

Exhibit D

BILL OF SALE AND ASSIGNMENT

     POINT LOOKOUT, LLC, A Maryland limited liability company (the “Assignor”), for good and
valuable consideration paid to Assignor by ATHENAHEALTH, INC. (the “Assignee”), the receipt and
sufficiency of which are hereby acknowledged, has ASSIGNED, SOLD, CONVEYED and DELIVERED, and does
hereby ASSIGN, SELL, CONVEY and DELIVER unto Assignee, its successors and assigns, all of
Assignor’s right, title and interest, if any, in and to the following:

     1. All of the fixtures, equipment, machinery, furniture, art, and other personal property (the
“Tangible Property”) used or held for use in connection with operation of Assignor’s operation of a
resort and conference center in the towns of Northport and Lincolnville (the “Resort”), including,
without limitation the property being more particularly described in Exhibit “A”, attached hereto
and incorporated herein by reference; and

     2. All intangible property (the “Intangible Property”) pertaining to the Resort or the
Tangible Property or the use thereof including, without limitation, warranties, guaranties, plans
and specifications, engineering plans and studies, reports and floor plans together with any
licenses, consents, permits, approvals, whether governmental or otherwise including, without
limitation, those items more fully described on Exhibit “B” attached hereto and made a part hereof
to the extent that the foregoing Intangible Property is currently applicable to the Real Property
and/or Tangible Property and can be transferred.

     The Tangible Property and the Intangible Property are hereinafter collectively referred to
as the “Property.”

ASSIGNEE ACKNOWLEDGES AND AGREES THAT SUBJECT TO THE EXPRESS REPRESENTATIONS AND WARRANTIES
CONTAINED IN THE PURCHASE AGREEMENT, AND IN ANY DOCUMENT DELIVERED AT CLOSING THEREUNDER, ASSIGNEE
TAKES THE PROPERTY “AS IS” AND “WITH ALL FAULTS” AND ASSIGNOR HAS NOT MADE AND DOES NOT MAKE ANY
REPRESENTATIONS AS TO THE PHYSICAL CONDITION, OPERATION OR ANY OTHER MATTER AFFECTING OR RELATED TO
THE PROPERTY AND THIS BILL OF SALE AND ASSIGNMENT, EXCEPT AS HEREIN SPECIFICALLY SET FORTH OR
REFERRED TO, AND ASSIGNEE HEREBY EXPRESSLY ACKNOWLEDGES THAT NO SUCH REPRESENTATIONS HAVE BEEN
MADE. ASSIGNOR EXPRESSLY DISCLAIMS AND ASSIGNEE ACKNOWLEDGES AND ACCEPTS THAT ASSIGNOR HAS
DISCLAIMED TO THE MAXIMUM EXTENT PERMITTED BY LAW, ANY AND ALL REPRESENTATIONS, WARRANTIES OR
GUARANTEES OF ANY KIND, ORAL OR WRITTEN, EXPRESS OR IMPLIED, CONCERNING THE PROPERTY, INCLUDING,
WITHOUT LIMITATION, (i) THE VALUE, CONDITION, MERCHANTABILITY, MARKETABILITY, PROFITABLILITY,
SUITABILITY OR FITNESS FOR A PARTICULAR USE OR PURPOSE OF THE PROPERTY, (ii) THE MANNER OR QUALITY
OF THE CONSTRUCTION OF THE CONSTRUCTION OF MATERIALS, IF ANY, INCORPORATED INTO ANY OF THE PROPERTY
AND (iii) THE MANNER, QUALITY, STATE OF REPAIR OR LACK OF REPAIR OF THE PROPERTY. ASSIGNOR IS NOT
LIABLE OR BOUND IN ANY MANNER BY ANY VERBAL OR WRITTEN STATEMENTS, REPRESENATIONS OR INFORMATION
PERTAINING TO THE PROPERTY FURNISHED BY ANY REAL ESTATE BROKER, AGENT, EMPLOYEE, SERVANT OR OTHER
PERSON, UNLESS THE SAME ARE SPECIFICALLY SET FORTH OR REFERRED TO HEREIN.NOTWITHSTANDING THE
FOREGOING, ASSIGNOR REPRESENTS AND WARRANTS THAT IT IS THE OWNER OF THE PROPERTY AND THAT THE
PROPERTY IS FREE AND CLEAR OF LIENS, CLAIMS AND ENCUMBRANCES.

26

 

     This Bill of Sale and Assignment may be executed in a number of counterparts, each of which
for all purposes is deemed an original, and all of which constitute collectively one (1) agreement,
but in making proof of this Bill of Sale and Assignment, it shall not be necessary to produce or
account for more than one such counterpart.

     Assignor warrants that it is the lawful owner of all of the Property. Assignor binds Assignor,
its successors and assigns, to warrant and defend the title to all of the Property to Assignee, its
successors and assigns, forever against every person lawfully claiming the Property.

[Signatures Follow]

27

 

	 	 	 	 	 
	 	 ASSIGNOR:

POINT LOOKOUT LLC,

a Maryland limited liability company

 	 
	 	By:  	THE ERICKSON FOUNDATION, INC.,
	
		 	 a Maryland corporation

Its manager

	 
	 	Name:	 
	 	 	
John E. Erickson

President
	 	Date:	 

	 
	 	ASSIGNEE:

ATHENAHEALTH, INC.

 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	
	 	Date:	 

	
	
EXECUTED this ___ day of _______, 2011.

 	 

28

 

	 	 	 	 	 

Exhibit A to Bill of Sale and Assignment

29

 

Exhibit B to Bill of Sale and Assignment

30

 

Exhibit E

LETTER TO TAX APPRAISAL DISTRICT

__________, ___, 2011

Mr./Ms.____________

Town Clerk, Treasurer, Tax Collector

Town of Northport

16 Beech Hill Road

Northport, Maine 04849

Mr./Ms._______________

Town Clerk/Treasurer/Tax Collector

Town of Lincolnville

493 Hope Road,

Lincolnville, Maine 04849

Re: That certain parcel of real property described in the tax collector’s records as _____________
(the “Property”)

Mr./Ms.___________:

     Please be advised that Point Lookout, LLC, as the owner of the above described Property, has
this day conveyed the Property to athenahealth, Inc. Therefore, please provide all invoices for
taxes and all notices of every kind that issue from your office to the following address:

Thank you very much for your cooperation.

Very truly yours,

Point Lookout, LLC

By:___________________

Its:___________________

 

 

Exhibit F

LOCATION OF UST’s

33

 

Exhibit F — Page 2

 

 

Exhibit G

SELLER DUE DILIGENCE MATERIALS

(see attached)

34

 

	 	 	 	 	 	 	 
	Emailed	 	Date	 	 	 	 
	By	 	Sent	 	Status	 	EXHIBIT G                                                      Due Diligence Update - 3-28-11
	 
	 	 	 	 	 	TITLE
	DM
	 	18-Mar	 	Sent	 	Existing site plan/ALTA Survey depicting property dimensions, easements, restrictions, zoning and other customary disclosure
	DM
	 	28-Mar	 	Sent	 	Existing ALTA lenders policy of title insurance.
	 	 	On Site or N/A (1)	 	Information regarding zoning.
	 
	 	N/A (1)	 	 	 	Information regarding any zoning opinions.
	 	 	On Site or N/A (1)	 	Information regarding deed/permit restrictions.
	 
	 	 	 	 	 	STRUCTURE & LAND
	 
	 	 	 	On Site	 	A copy of all existing environmental, engineering, and related reports on the Property
	 
	 	 	 	On Site	 	A full set of building plans, including architectural, mechanical, electrical, plumbing, structural, sprinkler, and fire alarm
	 
	 	N/A (1)	 	 	 	ADA survey
	DM
	 	18-Mar	 	Sent	 	List of all furniture, furnishings, artwork, fixtures, and equipment located on the Property
	 
	 	N/A (1)	 	 	 	Asbestos survey and indoor air quality survey
	 
	 	 	 	On Site	 	Septic reports for each building located on the Property
	DM
	 	28-Mar	 	Sent	 	Conservation easement and pending Amendment (new item)
	 
	 	 	 	 	 	FINANCIAL
	DM
	 	18-Mar	 	Sent	 	Year-to-date detailed financial statements including general ledger (monthly)
	 
	 	N/A (1)	 	 	 	Audited financial statements for previous three (3) years
	DM
	 	18-Mar	 	Sent	 	Operating budgets for 2010 and 2011
	 
	 	N/A (1)	 	 	 	Back-up information to real estate valuation analysis assumptions and projections. (an existing 2007 appraisal was sent to buyer )
	 
	 	 	 	 	 	Breakdown of current staffing of the building, including all salary and benefit information, and an explanation of staffing allocation of time to the building (salary
	DM
	 	18-Mar	 	Sent	 	and hourly information is included in January 2011 financial statement). Organizational chart sent.
	DM
	 	18-Mar	 	Sent	 	Tax bills for current year and previous three (3) years together with any information on tax abatements or abatement applications for those years
	DM
	 	18-Mar	 	Sent	 	Insurance bills for current year and previous three (3) years, together with a history of claims and incidents for those years
	DM
	 	18-Mar	 	Sent	 	Current aged receivables report (this is included in January 2011 financial statements)
	DM
	 	18-Mar	 	Sent	 	Security deposit schedule
	DM
	 	19-Mar	 	Sent	 	List of utility account numbers and meter numbers
	 
	 	 	 	 	 	RENTAL INFORMATION
	DM
	 	18-Mar	 	Sent	 	Any guest or meeting bookings, including deposit and other items
	 
	 	 	 	 	 	ADDITIONAL MATERIALS
	DM
	 	19-Mar	 	Sent	 	All existing service contracts and current proposals for any contemplated service contracts
	DM
	 	18-Mar	 	Sent	 	Current Preferred Hotel Agreement (new item)
	DM
	 	18-Mar	 	Sent	 	Current Management Agreement
	 
	 	 	 	 	 	 
	 
	 	N/A (1)	 	 	 	Summary of all current and pending litigation, and all other potential legal actions impacting the Property and/or Seller’s ownership, occupancy or use thereof
	 
	 	 	 	 	 	 
	DM
	 	18-Mar	 	Sent	 	Tenant improvement (if applicable) and capital improvement schedules, both current and historical for the last two years (listed in 2010 and 2011 Budgets)
	 
	 	On Site	 	 	 	All written correspondence for the last three (3) years between the owners and or building management and resort guests (or any tenants) regarding disputes in service, billing, or any other items of contention
	DM
	 	18-Mar	 	Sent	 	Copies of certificates of occupancy and open permits
	 
	 	On Site	 	 	 	Copies of all correspondence for the last three (3) years with the Local Fire Department, Health Department, Assessor’s Department, and Building Department
	 
	 	On Site	 	 	 	Copies of all building warranties including but not limited to the roof, mechanical equipment and elevator
	 	 	On Site or N/A (1)	 	Correspondence for the last three (3) years to or from owners of neighboring properties
	 
	 	On Site	 	 	 	Building permits for work completed within the last three (3) years.
	 
	 	 	 	Pending	 	Insurance claims relating to the property made during the last three (3) years. (2 insurance claims in last 2 years)

Notes: (1)  — After researching this item, the Seller is not aware if this item exists.

 

 

Schedule 8.1

Exceptions

27

 

SCHEDULE 8.1

	1.	 	INTENTIONALLY OMITTED
	 
	2.	 	INTENTIONALLY OMITTED
	 
	3.	 	Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the
Title that would be disclosed by an accurate and complete survey of the Land. The term
“encroachment” includes encroachments of existing improvements located on the Land onto
adjoining land, and encroachments onto the Land of existing improvements located on adjoining
land.
	 
	4.	 	Real estate taxes, assessments and water and sewer charges not yet due and payable for the
current year
	 
	5.	 	INTENTIONALLY OMITTFD

Schedule 8.1 Page 1

 

 

Parcel
1 is subject to Exceptions 6 through 44 as follows:

6. Conservation Easement on Point Lookout granted from Bracebridge Corporation to
Coastal Mountains Land Trust dated June 13, 2000, recorded June 14, 2000, in Waldo
Registry Book 2004, Page 57, as shown and located upon ALTA/ACSM Land Title
Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated December 14,
2007.

7. Conservation Easement on Point Lookout granted from Bracebridge Corporation to
Coastal Mountains Land Trust dated June 13, 2000, recorded October 8, 2003, in Waldo
Registry Book 2498, Page 263, as shown and located upon ALTA/ACSM Land Title
Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated December 14,
2007.

8. Highway conveyance, including conveyance of land and drainage easements from
Bracebridge Corporation to State of Maine dated July 31, 2000, recorded September 26,
2000, in Waldo Registry book 2035 Page 141, as shown and located upon ALTA/ACSM
Land Title Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated
December 14, 2007.

9. Utility easements granted by Bracebridge Corporation to Central Maine Power
Company dated March 8, 2002, recorded June 19, 2002, in Waldo Registry Book 2266,
Page 2, as shown and located upon ALTA/ACSM Land Title Survey, conducted by
Gartley & Doraky Engineering & Surveying, dated December 14, 2007.

10. Utility easements granted by MBNA New England to Central Maine Power
Company dated March 25, 1997, recorded April 10, 1997, in Waldo Registry Book 1684,
Page 22, as shown and located upon ALTAIACSM Land Title Survey, conducted by
Gartley & Dorsky Engineering & Surveying, dated December 14, 2007.

11. Utility easements granted by MBNA Properties, Inc. to New England Telephone and Telegraph
Company dated March 14, 1996, recorded April 30, 1996, in Waldo Registry Book 1605, Page 222, as
shown and located upon ALTA/ACSM Land Title Survey, conducted by Gartley & Dorsky Engineering &
Surveying, dated December 14, 2007.

12. Terms and conditions of State of Maine, Department of Environmental Protection
(DEP), Site Location of Development — Findings of Fact and Order dated March 27,
1996, recorded April 9, 1996, in Waldo Registry Book 1600, Page 286.

13. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated April 10, 1996, recorded April 29, 1996 in Waldo
Registry Book 1605, Page 62.

Schedule 8.1 Page 2

 

 

14. Terms and Conditions of State of Maine, DEP, Site Location of Development
Amendment — Findings of Fact and Order dated December 19, 1996, recorded December
31, 1996, in Waldo Registry Book 1665, Page 260.

15. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated May 30, 1997, recorded June 13, 1997
in Waldo Registry Book 1699, Page 296.

16. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated April 21, 1998, recorded May 18, 1998,
in Waldo Registry Book 1782, Page 94.

17. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated November 28, 1998, recorded
December 24, 1998, in Waldo Registry Book 1855, Page 271.

18. Terms and Conditions of State of Maine, DEP, Site Location of Development — Traffic — Findings
of Fact and Order dated January 26, 1999, recorded February 17, 1999,
in Waldo Registry Book 1870, Page 308.

19. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification— Findings of Fact and Order dated June 10, 1999, recorded July 12, 1999,
in Waldo Registry Book 1913, Page 182.

20. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated July 2, 1999, recorded July 12, 1999 in
Waldo Registry Book 1913, Page 186 and subsequent Condition Compliance Statement
dated July 28, 2000, recorded September 5, 2000 in Waldo Registry Book 2029, Page
138.

21. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated October 21, 1999, recorded November
1, 1999, in Waldo Registry Book 1949, Page 293.

22. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated November 1, 1999, recorded November
17, 1999, in Waldo Registry Book 1955, Page 77.

23. Terms and Conditions of State of Maine, DEP, Site Location of Development — Findings of Fact
and Order dated December 3, 1999, recorded December 27, 1999, in
Waldo Registry Book 1966, Page 272.

24. Terms and Conditions of State of Maine, DEP, Site Location of Development Amendment — Findings
of Fact and Order dated April 21, 2000, recorded May 11, 2000,
in Waldo Registry Book 1994, Page 207.

Schedule 8.1 Page 3

 

 

25. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated
December 14, 2000, recorded December 21, 2000, in
Waldo Registry Book 2058, Page 6.

26. Terms and Conditions of State of Maine, DEP, Site Location of Development Law
Amendment — Natural Resource Protection Act Water Quality Certification Findings of
Fact and Order dated January 19, 2001, recorded January 29, 2001 in Waldo Registry
Book 2067, Page 123.

27. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated March 15, 2001, recorded March 26,
2001, in Waldo Registry Book 2081, Page 43 and subsequent Modification Order dated
November 12, 2001, recorded November 28, 2001, in Waldo Registry Book 2180, Page
21.

28. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated February 27, 2001, recorded March 26,
2001, in Waldo Registry Book 2081, Page 48.

29. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated April 20, 2001, recorded May 1, 2001,
in Waldo Registry Book 2093, Page 309 and subsequent Modification Order dated
November 12, 2001, recorded November 28, 2001, in Waldo Registry Book 2180, Page
25.

30. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated November21, 2001, recorded
December 17, 2001, in Waldo Registry Book 2188, Page 183.

31. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated April 26, 2002, recorded May 23, 2002,
in Waldo Registry Book 2253, Page 17.

32. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification — Findings of Fact and Order dated May 10, 2002, recorded May 30, 2002,
in Waldo Registry Book 2255, Page 189.

33. Terms and Conditions of State of Maine, DEP, Site Location of Development
Modification —Findings of Fact and Order dated May 20, 2003, recorded June 12, 2003,
in Waldo Registry Book 2429, Page 3.

34. That portion of the insured premises previously described in Waldo Registry Book
1983, Page 101 (former Dwight F. Wass property), is subject to the following:

Schedule 8.1 Page 4

 

 

a. Utility easement to Central Maine Power Company recorded in Waldo
Registry Book 692, Page 212, as shown and located upon ALTA/ACSM Land
Title Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated December 14, 2007.

b. Utility easement to Central Maine Power Company and New England
Telephone and Telegraph Company recorded in Waldo Registry Book 1350, Page
79, as shown and located upon ALTA/ACSM Land Title Survey, conducted by
Gartley & Dorsky Engineering & Surveying, dated December 14, 2007.

c. Terms and conditions of restrictive covenants as granted by Dwight Wass to Rachel E.
Obershaw by instrument dated June 18, 1971, recorded in Waldo Registry Book 746, Page 131,
but omitting any covenants or restrictions, if any, based upon race, color, religion, sex,
sexual orientation, familial status, marital status, disability, handicap, national origin,
ancestry, or source of income as set forth in applicable, state or federal laws, except to
the extent that said covenant or restriction is permitted by applicable law.

d. Excepting any portion of the premises which may lie within the boundaries of U. S. Route
1 and Knights Pond Road adjacent to the insured premises, as shown and located upon
ALTA/ACSM Land Title Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated
December 14, 2007.

e. Any rights and title of the Inhabitants of the Town of Northport due to the uncertainty
of the location of the boundary of the premises adjacent to land of the Town of Northport
and further excluding from the insured premises two triangular parcels owned by the Town of
Northport and Erwin I. Sprague adjacent to the northeasterly corner of the insured
premises, as shown and located upon ALTA/ACSM Land Title Survey, conducted by Gartley &
Dorsky Engineering & Surveying, dated December 14, 2007.

35. That portion of the insured premises previously described in Waldo Registry Book
1975, Page 214 (former Lenza property), is subject to the following:

a.Subject to the tights of the public in and to any portion of Knights Pond Road which lies
within the boundaries of the premises, as shown and located upon ALTA/ACSM Land Title
Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated December 14, 2007, and
further subject to the terms and conditions of a Stipulated Judgment arising from an action
between the Town of Northport and Edward J. Lenza, Jr. relating to Knights Pond Road, which
Stipulated Judgment is recorded in the Waldo County Registry of Deeds in Book 1975, Page
211.

Schedule 8.1 Page 5

 

 

b. This policy does not insure title to the land contained within a burial ground, as shown
and located upon ALTA/ACSM Land Title Survey, conducted by Gartley & Dorsky Engineering &
Surveying, dated December 14, 2007. In addition, the

property is subject to easement rights of way for the spouses and descendants of the
persons interred in the cemetery to walk in a direct route from the public way nearest the
burying ground to the burying ground at reasonable hours as described in Title 13 Maine
Revised Statutes Annotated, Section 1142.

36. That portion of the insured premises previously described in Waldo Registry Book
1621, Page 97 (former Cassida property), is subject to the following:

a. Subject to a right of way conveyed by Sam Cassida and David Cassida to Carl
F. Bublak and Marjorie E. Bublak recorded December 3, 1984, in the Waldo
County Registry of Deeds in Book 832, Page 226, as shown and located upon
ALTA/ACSM Land Title Survey, conducted by Gartley & Dorsky Engineering &
Surveying, dated December 14, 2007.

b. Subject to easements and rights of way as described in deeds recorded in the Waldo
County Registry of Deeds in Book 604, Page 330, as shown and located upon ALTA/ACSM Land
Title Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated December 14, and
Book 23, Page 481.

c. Terms and conditions of Boundary Agreement with Town of Northport recorded in Waldo
Registry Book 1621, Page 88, as shown and located upon

ALTA/ACSM Land Title Survey, conducted by Gartley & Dorsky Engineering & Surveying dated
December 14, 2007.

d. Terms and conditions of Boundary Agreement with the Nature Conservancy of the Pine Tree
State, Inc. recorded in Book 1621, Page 94, as shown and located upon ALTA/ACSM Land Title
Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated December 14, 2007.

37. That portion of the premises previously described in Book 1617, Page 110 (former
Robert and George Graham property), may be subject to that utility easement granted by
the Conservator of the Estate of Eleanor G. Wade to Central Maine Power Company
dated October 30, 1971, recorded January 31, 1972, in Waldo Registry Book 695, Page
26,

38. This policy does not insure any portion of the premises located within the floor of Knights
Pond, as shown and located upon ALTA/ACSM Land Title Survey, conducted by Gartley & Dorsky
Engineering & Surveying, dated December 14, 2007.

Schedule 8.1 Page 6

 

 

39. Rights and easements of others in and to Knights Pond abutting or located upon the insured
premises, but this policy does not insure any rights or easements in favor of the insured.

40. Excepting any portion of the premises which may be within the boundaries of U. S. Route 1 and
Knights Pond Road adjacent to or within the bounds of the insured premises, as shown and located
upon ALTA/ACSM Land Title Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated
December 14, 2007.

41. Rights of others in or to the streets and ways as more particularly described on plan
entitled “Bracebridge Corporation, Northport Site, Overall Survey Plan” dated January
16, 2006 and conducted by Gartley & Dorsky Engineering & Surveying.

42. Subject to all those matters as disclosed on plan entitled “Bracebridge Corporation, Northport
Site, Overall Survey Plan” dated January 16, 2006 and conducted by Gartley & Dorsky Engineering &
Surveying.

43. Subject to all those matters as disclosed upon ALTA/ACSM Land Title Survey conducted by Gartley
& Dorsky Engineering and Surveying, dated December 14, 2007.

44. Terms and Conditions of State of Maine, DEP Site Location of the Development
Act-Transfer-Findings of Fact and Order issued to Point Lookout LLC dated February
12, 2008, recorded February 27, 2008 in Book 3190, Page 42.

Parcel 2, being the property described in Book 1959, Page 242 is subject to Exceptions 45
through 47 as follows:

45. Subject to Conservation Easement granted from Bracebridge Corporation to Coastal
Mountains Land Trust dated July 6, 2000, recorded in Waldo Registry Book 2011, Page
238, as shown and located upon ALTA/ACSM Land Title Survey, conducted by Gartley
& Dorsky Engineering & Surveying, dated October 23, 2007.

46. Matters as depicted upon Standard Boundary Survey and Site Plan entitled
Bracebridge Corporation — Niles Purchase dated October 27, 1999 conducted by Coffin
Engineering and Surveying and recorded on July 6, 2000 in Waldo Registry Plan Drawer
18, Page 83.

47. Rights of the public, federal, state or local governments in or to so much of the premises as
lies below the present or former mean high water mark of Penobscot Bay, as shown and located upon
ALTA/ACSM Land Title Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated December
14, 2007.

Schedule 8.1 Page 7

 

 

Parcel 3, being the property described in Book 3169, Page 297, is subject to Exceptions 48
through 55:

48. Rights of the public, federal, state or local governments in or to so much of the premises as
lies below the present or former mean high water mark of Penobscot Bay, as

shown and located upon ALTA/ACSM Land Title Survey, conducted by Gartley & Dorsky Engineering &
Surveying, dated December 14, 2007.

49. Conservation Easement granted from Corporate Properties Services, Inc. to Coastal
Mountains Land Trust dated July 6, 2000 recorded July 6, 2000 in Waldo Registry Book
2011, Page 225, as shown and located upon ALTA/ACSM Land Title Survey, conducted
by Gartley & Dorsky Engineering & Surveying, dated December 14, 2007.

50. Subject to the conditions set forth under the designation of “Notes” in the margin of that
Subdivision Plan dated October 1989, prepared by Chapman & Cothern, Land Surveyors and recorded in
Waldo Registry Plan Drawer 16, Page 169.

51. Subject to all matters as depicted upon that Subdivision Plan dated October 1989,
prepared by Chapman & Cothern, Land Surveyors and recorded in Waldo Registry Plan
Drawer 16, Page 169 and the terms and conditions of Amendment of Subdivision Plan &
Order issued by Lincolnville Planning Board on August 10, 1996, and recorded April 12,
1996, in Waldo Registry Book 1601, Page 139.

52. Subject to all matters, including the recitations in the Surveyor’s Report, as depicted upon
Standard Boundary Survey of the MBNA/Otten Property dated April 5, 1996, conducted by Coffin
Engineering & Surveying and recorded in Waldo Registry Plan Drawer 18, Page 82, specifically
subject to a Twenty-five Foot (25’) wide right of way leading from the southerly bound of U.S.
Route 1 to the northerly shore of Penobscot Bay and a Fifty Foot (50’) wide right of way
terminating in a cul-de-sac.

53. Subject to view easement One Hundred and Seven Feet (107’) in width for the
benefit of land now or formerly of Sherry S. ‘McGrath as described in Waldo Registry
Book 1345, Page 206, affecting Parcels C and D only, as shown and located upon
ALTA/ACSM Land fit1e Survey, conducted by Gartley & Dorsky Engineering &
Surveying, dated December 14, 2007.

54. Subject to pedestrian easement Ten Feet (10’) in width for the benefit of Sherry McGrath and
her guests as described in Waldo Registry Book 1345, Page 206, as shown and located upon ALTA/ACSM
Land Title Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated December 14, 2007,

55. Subject to driveway easement as described in Waldo Registry Book 603, Page 376 and as contained
in Book 1601, Page 142, as shown and located upon ALTA/ACSM

Schedule 8.1 Page 8

 

 

Land Title Survey, conducted by Gartley & Dorsky Engineering & Surveying, dated December 14, 2007.

Schedule 8.1 Page 9

 

 

FIRST AMENDMENT

TO

PURCHASE AND SALE AGREEMENT

     THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (“Amendment”) is entered into as of May_,
2011 by and between POINT LOOKOUT, LLC (“Seller”), and ATHENAHEALTH, INC. (“Buyer”).

W I T N E S S E T H

     WHEREAS, Buyer and Seller entered into that certain purchase and sale agreement dated March
29, 2011 (the “Agreement”), with respect to that certain real property located along Route 1 in the
Towns of Northport and Lincolnville in Waldo County, Maine, comprised of approximately 396 acres
and multiple parcels of land, along with the improvements thereon, all as more particularly
described in the Agreement; and

     WHEREAS, Buyer and Seller desire to amend the Agreement to extend the Due Diligence Period and
the Closing Date, as more particularly set forth herein.

     NOW, THEREFORE, in consideration of One Dollar ($1.00) and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto,
intending to be legally bound, hereby agree as follows:

     1. Defined Terms. All capitalized terms used herein, but not defined herein, shall have the
meanings set forth in the Agreement.

     2. Incorporation. This Amendment incorporates by reference the recitals set forth above.

     3. Extension of Due Diligence Period. Section 2.1 of the Agreement is hereby amended so
that the Due Diligence Period shall expire at 5:00 P.M. on May 27, 2011.

     4. Extension of Closing Date. Section 3.1 of the Agreement is hereby amended so that the
Closing Date shall be June 24, 2011.

     5. Other Terms. All of the other terms, covenants and conditions of the Agreement not
inconsistent herewith shall remain in full force and effect and unchanged hereby. In the case of
any inconsistencies between the terms and conditions contained in the Agreement and the terms and
conditions contained herein, the terms and conditions contained herein shall control.

     6. Counterparts. This Amendment may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same
instrument. A facsimile or electronically mailed executed copy of this Amendment shall be deemed to
be as sufficient as an original for all purposes.

[Signatures to follow]

 

 

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

	 	 	 	 	 
	 	BUYER: 

ATHENAHEALTH, INC.

 	 
	 	By:  	/s/ Timothy M. Adams	 
	 	 	Name: 	Timothy M. Adams	 
	 	 	Title: 	CFO	 
	 
	 	SELLER:

POINT LOOKOUT, LLC

 	 
	 	By: 	/s/ John Erickson	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

FIRST AMENDMENT TO

PURCHASE AND SALE AGREEMENT

THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (this
“Amendment”) is made effective as of May 26, 2011, by and between POINT
LOOKOUT, LLC, a Maryland limited liability company (“Seller”), and
ATHENAHEALTH, INC., a Delaware corporation (“Purchaser”).

RECITALS

A. Seller and Purchaser entered into that certain Purchase and Sale Agreement dated as of March 29,
2011 (the “Agreement”) regarding that certain property known as the Point Lookout Resort and
Conference Center, located along Route 1 in the Towns of Northport and Lincolnville in Waldo
County, Maine, as more particularly described in the Agreement. All capitalized terms not defined
herein shall have the meanings ascribed to them in the Agreement.

B. Seller and Purchaser desire to amend the Agreement as provided in this Amendment.

NOW, THEREFORE, for Ten Dollars ($10.00) and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

	 	1.	 	Recitals. The Recitals set forth above are hereby incorporated by this reference as a material
part of this Amendment.
	 
	 	2.	 	Definitions. Except as otherwise specifically set forth herein, defined terms in this Amendment
shall have the same meaning as when used in the Agreement.
	 
	 	3.	 	Purchase Price. Section 1.1 of the Agreement shall be deleted in its entirety and replaced with
the following:

	 	“1.1	 	Purchase Price. Subject to the terms and conditions hereof, the
purchase price for the Property shall be Seven Million Seven Hundred
Thousand Dollars ($7,700,000) (the “Purchase Price”).

	 	4.	 	Continuing Effect. Except to the extent expressly modified herein, the terms of the Agreement
shall remain in full force and effect.
	 
	 	5.	 	Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an
original but all of which shall constitute one and the same instrument. The parties hereto may
execute and deliver this Amendment by forwarding facsimile, telefax or other means of copies of
this Amendment showing execution by the parties sending the same, and the parties agree and intend
that such signature shall have the same effect
as an original signature, that the parties shall be bound by such means of execution and delivery,
and

 

 

	 	 	 	that the parties hereby waive any defense to validity based on any such copies or signatures.

[Remainder of page intentionally blank]

 

 

     IN
WITNESS WHEREOF, each of the parties hereto has executed or caused this Agreement in
counterparts to be executed by its duly authorized officer on the day and year designated next to
their respective signatures.

	 	 	 	 	 
	 	SELLER:  	 
 	 
	 	  	 
 	 
	 	POINT LOOKOUT, LLC,

a Maryland limited liability company
 	 
	 

	 	 	 	 	 
	 	By:  	THE ERICKSON FOUNDATION, INC., 
a Maryland corporation, its manager
 	 
	 

	 	 	 	 	 
	 	By:  	/s/ Scott R. Erickson
 	 
	 	 	Name: 	Scott R. Erickson	 
	 	 	Title: 	Director	 
	 

	 	 	 	 	 
	 	BUYER:  	
 	 
	 	  	 
 	 
	 	athenahealth, Inc.,
a Delaware corporation
 	 
	 

	 	 	 	 	 
	 	By:  	/s/ Timothy M. Adams
 	 
	 	 	Name: 	Timothy M. Adams	 
	 	 	Title:  	Chif Financial Officer

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