Document:

US Department of Energy Cooperative Agreement

  
 Exhibit 10.80

 ASSISTANCE AGREEMENT 
  

											
	1. Award No.	  		  	2. Modification No.	  	3. Effective Date	  	4. CFDA No.
						
	DE-FE0004343	  		  		  	10/'01/2010	  	81.134	  	
	5. Awarded To	  		  	        Sponsoring Office	  	7. Period of Performance
	ADA-ES, INC.	  		  	    U.S. Department of Energy/’NETL	  	10/01/2010
	Attn: RICHARD SCHLAGER	  	    Jennifer Gaudlip	  	through
	8100 SOUTHPARK WAY, STE. B	  	    jennifer.gaudlip@netl.doe.gov	  	03/31/2012
	LITTLETON CO 801204525	  	    626 Cochrans Mill Road	  	
		  		  	    PO Box 10940	  	
		  		  	    Pittsburgh PA 15236-0940	  	
				
	8. Type of Agreement	  	9. Authority	  		  	        10. Purchase Request or Funding Document No.
				
	    Grant	  	See Page 2	  		  	        10FE010592
	X Cooperative Agreement	  		  		  		  		  	
	    Other	  		  		  		  		  	
					
	11. Remittance Address	  		  	    12. Total Amount	  		  	13. Funds Obligated
						
	ADA-ES, INC.	  		  	    Govt. Share:	  	$15,000,000.00	  	This action:	  	
	Attn: RICHARD SCHLAGER	  		  		  	$15,000,000.00	  	
	8100 SOUTHPARK WAY, STE. B	  	    Cost Share:	  	$3,750,001.00	  	Total	  	
	LITTLETON CO 801204525	  		  		  	$15,000,000.00	  	
		  		  	    Total:	  	$18,750,001.00	  		  	
			
	14. Principal Investigator	  	        15. Program Manager	  	        16. Administrator
			
	Sharon Sjostrom	  	        BRUCE W. LANI	  	        U.S. DOE/NETL
	Phone: 303-339-8856	  	        Phone: 412-386-5819	  	        Pittsburgh Campus
		  		  		  	        626 Cochrans Mill Road
		  		  		  	        PO Box 10940
		  		  		  	        Pittsburgh PA 15236-0940
			
	17. Submit Payment Requests To	  	18. Paying Office	  	19. Submit Reports To
			
	OR for NETL (Pittsburgh)	  	OR for NETL (Pittsburgh)	  	See Attachment 3
	U.S. Department of Energy	  	U.S. Department of Energy	  		  	
	Oak Ridge Financial Service Center	  	Oak Ridge Financial Service Center	  		  	
	P.O. Box 4967	  		  	P.O. Box 4967	  		  	
	Oak Ridge TN 37831	  		  	Oak Ridge TN 37831	  		  	
	
	20. Accounting and Appropriation Data
	
	21. Research Title and/or Description of Project
	
	RECOVERY ACT: “EVALUATION OF SOLID SORBENTS AS
AN INDUSTRIAL RETROFIT TECHNOLOGY FOR C02 CAPTURE
					
		  	For the Recipient	  		  		  	For the United States of America
			
	22. Signature of Person Authorized to Sign	  		  	25. Signature of Grants/Agreements Officer
			
	        /s/ Richard Schlager	  		  	        Signature on File
				
	23. Name and Title	  	24. Date Signed	  	26. Name of Officer	  	27. Date Signed
				
	        Richard Schlager, Vice President	  	09/30/2010	  	Juliana L. Heynes	  	09/17/2010

  

																							
	CONTINUATION SHEET	  	REFERENCE NO. OF DOCUMENT BEING CONTINUED	  	  				  	 	PAGE OF	  	  			
	  	DE-FE0004343	  				  				  				  	 	    2	  	  	 	2	  
						
	NAME OF OFFEROR OR CONTRACTOR	  				  				  				  				  			
	ADA-ES, INC.	  		  				  				  				  				  			

  

													
	 ITEM NO.

(A)
	  	 SUPPLIES/SERVICES

(B)
	  	 QUANTITY
(C)
	  	 UNIT
(D)
	  	 UNIT PRICE
(E)
	  	 AMOUNT
(F)
	  	 
		  	 DUNS Number:     133314067
  

Authority:
	  		  		  		  		  	
		  	PL 95-91 DOE Organization Act, PL 111-5 American	  		  		  		  		  	
		  	Recovery and Reinvestment Act of 2009 and PL	  		  		  		  		  	
		  	109-58 Energy Policy Act 2005, PL 110-140 Energy	  		  		  		  		  	
		  	Independence and Security Act of 2007	  		  		  		  		  	
		  	  
 Responsible Parties:
	  		  		  		  		  	
		  	DOE Program Officer	  		  		  		  		  	
		  	Bruce Lani Mail Stop 922-342C	  		  		  		  		  	
		  	US DOE/National Energy Technology Laboratory	  		  		  		  		  	
		  	626 Cochrans Mill Road, P.O. Box 10940	  		  		  		  		  	
		  	Pittsburgh, PA 15236-0940	  		  		  		  		  	
		  	Phone: 412-386-5819	  		  		  		  		  	
		  	E-Mail: Bruce.Lani@netl.doe.go-	  		  		  		  		  	
		  	  
 DOE Administrator
	  		  		  		  		  	
		  	Jennifer Gaudlip Mail Stop 921-107	  		  		  		  		  	
		  	US DOE/National Energy Technology Laboratory	  		  		  		  		  	
		  	626 Cochrans Mill Road, P.O. Box 10940	  		  		  		  		  	
		  	Pittsburgh, PA 15236-0940	  		  		  		  		  	
		  	Phone: 412-386-7249	  		  		  		  		  	
		  	E-Mail: Jennifer.Gaudlip@netl.doe.gov	  		  		  		  		  	
		  	  
 ADA-ES Principal Investigator
	  		  		  		  		  	
		  	Sharon Sjostrom	  		  		  		  		  	
		  	8100 SouthPark Way, Unit B	  		  		  		  		  	
		  	Littleton, CO 80120	  		  		  		  		  	
		  	Phone: 303-734-1727	  		  		  		  		  	
		  	E-Mail: sharons@adaes.com	  		  		  		  		  	
		  	  
 ADA-ES Business Foint of Contact
	  		  		  		  		  	
		  	Robin Stewart, Manager, Contract R&D	  		  		  		  		  	
		  	8100 SouthPark Way, Unit B	  		  		  		  		  	
		  	Littleton, CO 80120	  		  		  		  		  	
		  	Phone: 303-339-8863	  		  		  		  		  	
		  	E-Mail: robins@adaes.com	  		  		  		  		  	
		  	  
 ASAP: NO: STD IMMEDIATE Extent Competed: COMPETED
	  		  		  		  		  	
		  	Davis-Bacon Act: YES PI: Sharon Sjostrom	  		  		  		  		  	
		  	Fund: 05899 Appr Year: 2009 Allottee: 31 Report	  		  		  		  		  	
		  	Entity: 220317 Object Class: 25500 Program:	  		  		  		  		  	
		  	1611007    Project:2003010 WFO:0000000 Local Use:	  		  		  		  		  	
		  	0000000    TAS Agency: 89 TAS Account: 0211	  		  		  		  		  	

  
 SPECIAL TERMS AND
CONDITIONS 
 U.S. Department of Energy 
 DE-FE0004343 
 Table of Contents 

 

					
	RESOLUTION OF CONFLICTING CONDITIONS	  	 	2	  
	AWARD AGREEMENT TERMS AND CONDITIONS	  	 	2	  
	AWARD PROJECT PERIOD AND BUDGET PERIODS	  	 	2	  
	PAYMENT PROCEDURES - REIMBURSEMENT THROUGH THE AUTOMATED CLEARING HOUSE (ACH) VENDER INQUIRY PAYMENT ELECTRONIC REPORTING SYSTEM (VIPERS)	  	 	2	  
	COST SHARING	  	 	3	  
	REBUDGETING AND RECOVERY OF INDIRECT COSTS - REIMBURSABLE INDIRECT COSTS AND FRINGE BENEFITS	  	 	3	  
	USE OF PROGRAM INCOME - ADDITION	  	 	4	  
	STATEMENT OF FEDERAL STEWARDSHIP	  	 	4	  
	STATEMENT OF SUBSTANTIAL INVOLVEMENT	  	 	4	  
	SITE VISITS	  	 	5	  
	REPORTING REQUIREMENTS	  	 	5	  
	PUBLICATIONS	  	 	5	  
	FEDERAL, STATE, AND MUNICIPAL REQUIREMENTS	  	 	6	  
	INTELLECTUAL PROPERTY PROVISIONS AND CONTACT INFORMATION	  	 	6	  
	NATIONAL SECURITY: CLASSIFIABLE RESULTS ORIGINATING UNDER AN AWARD	  	 	6	  
	CONTINUATION APPLICATION AND FUNDING - AWARDS UNDER 10 CFR 600	  	 	7	  
	LOBBYING RESTRICTIONS	  	 	7	  
	NOTICE REGARDING THE PURCHASE OF AMERICAN-MADE EQUIPMENT AND PRODUCTS — SENSE OF CONGRESS	  	 	7	  
	ENVIRONMENTAL, SAFETY AND HEALTH (ES&H) PERFORMANCE OF WORK AT DOE FACILITIES	  	 	7	  
	FUNDING OF BUDGET PERIODS	  	 	8	  
	INSOLVENCY, BANKRUPTCY OR RECEIVERSHIP	  	 	8	  
	PERFORMANCE OF WORK IN UNITED STATES	  	 	8	  
	NATIONAL ENVIRONMENTAL POLICY ACT (NEPA) REQUIREMENTS	  	 	8	  
	DECONTAMINATION AND/OR DECOMMISSIONING (D &D) COSTS	  	 	9	  
	SPECIAL PROVISIONS RELATING TO WORK FUNDED UNDER AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 (MAR 2009)	  	 	9	  
	REPORTING AND REGISTRATION REQUIREMENTS UNDER SECTION 1512 OF THE RECOVERY ACT	  	 	12	  
	REQUIRED USE OF AMERICAN IRON, STEEL, AND MANUFACTURED GOODS (COVERED UNDER INTERNATIONAL AGREEMENTS) - SECTION 1605 OF THE AMERICAN RECOVERY AND REINVESTMENT ACT OF
2009	  	 	12	  
	WAGE RATE REQUIREMENTS UNDER SECTION 1606 OF THE RECOVERY ACT	  	 	15	  
	RECOVERY ACT TRANSACTIONS LISTED IN SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND RECIPIENT RESPONSIBILITIES FOR INFORMING SUBRECIPIENTS	  	 	15	  
	DAVIS BACON ACT AND CONTRACT WORK HOURS AND SAFETY STANDARDS ACT	  	 	16	  
	RECIPIENT FUNCTIONS	  	 	23	  
	SUBRECIPIENT/SUBCONTRACT APPROVALS	  	 	23	  
	HOST SITE AGREEMENT	  	 	24	  

  
 Page 1 of 24

  
 SPECIAL TERMS AND
CONDITIONS 
 RESOLUTION OF CONFLICTING CONDITIONS 
 Any apparent inconsistency between Federal statutes and regulations and the terms and conditions contained in this award must be referred to the DOE Award Administrator for guidance. 

AWARD AGREEMENT TERMS AND CONDITIONS 

This award/agreement consists of the Grant and Cooperative Agreement cover page, plus the following: 

a.        Special terms and conditions. 
 b.        Attachments: 
  

			
	Attachment No.	  	Title
	1	  	Intellectual Property Provisions
	2	  	Statement of Project Objectives
	3	  	Federal Assistance Reporting Checklist
	4	  	Budget Pages
	5	  	Responsible Parties
	6	  	Wage Rate Determination (RESERVED)

c.        Applicable program regulations 
 d.        DOE Assistance Regulations, 10 CFR 600 at http://ecfr.gpoaccess.gov. 
 e.        If the award is for research and to a university or non-profit, the Research Terms & Conditions and the DOE Agency Specific Requirements at
http://www.nsf.gov/bfa/dias/policy/rtc/index.jsp. 
 f.        Application/proposal as approved
by DOE. 
 g.        National Policy Assurances to Be Incorporated as Award Terms in effect on date of
award at http://management.energy.gov/business_doe/1374.htm. 
 AWARD PROJECT PERIOD AND BUDGET PERIODS 

The Project Period for this award is 10/01/2010 through 12/31/2014 consisting of the following Budget Periods. 

 

					
	Budget Period	 	Start Date	 	End Date
	1	 	10/01/2010	 	03/31/2012
	2	 	04/01/2012	 	09/30/2013
	3	 	10/01/2013	 	12/31/2014

 PAYMENT PROCEDURES -
REIMBURSEMENT THROUGH THE AUTOMATED CLEARING HOUSE (ACH) VENDER INQUIRY PAYMENT ELECTRONIC REPORTING SYSTEM (VIPERS) 

a.        Method of Payment. Payment will be made by reimbursement through ACH. 

b.        Requesting Reimbursement. Requests for reimbursements must be made electronically through Department of
Energy’s Oak Ridge Financial Service Center (ORFSC) VIPERS. To access and use VIPERS, you must enroll at https://finweb.oro.doe.gov/vipers.htm. Detailed instructions on how to enroll are provided on the web site. 

For non-construction awards, you must submit a Standard Form (SF) 270, “Request for Advance or Reimbursement” at
https://finweb.oro.doe.gov/vipers.htm and attach a file containing appropriate supporting documentation. The file attachment must show the total federal share claimed on the SF 270, the non-federal share claimed for the billing period if cost
sharing is required, and cumulative expenditures to date (both Federal and non-Federal) for each of the following categories: salaries/wages and fringe benefits; equipment; travel; participant/training support costs, if any; other direct costs,
including subawards/contracts; and indirect costs. For construction awards, you must submit a SF 271, “Outlay Report and Request for Reimbursement for Construction Programs,” through VIPERS. 

  
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c.        Timing of submittals. Submittal of the SF 270 or SF 271 should coincide with your normal billing
pattern, but not more frequently than every two weeks. Requests for reimbursement must be limited to the amount of disbursements made during the billing period for the federal share of direct project costs and the proportionate share of any
allowable indirect costs incurred during that billing period. 
 d.        Adjusting payment requests
for available cash. You must disburse any funds that are available from repayments to and interest earned on a revolving fund, program income, rebates, refunds, contract settlements, audit recoveries, credits, discounts, and interest earned on any
of those funds before requesting additional cash payments from DOE. 
 e.        Payments. The DOE
approving official will approve the invoice as soon as practicable but not later than 30 days after your request is received, unless the billing is improper. Upon receipt of an invoice payment authorization from the DOE approving official, the ORFSC
will disburse payment to you. You may check the status of your payments at the VIPER web site. All payments are made by electronic funds transfer to the bank account identified on the ACH Vendor/Miscellaneous Payment Enrollment Form (SF 3881) that
you filed. 
 COST SHARING 

a.        Total Estimated Project Cost is the sum of the Government share and Recipient share of the estimated
project costs. The Recipient’s cost share must come from non-Federal sources unless otherwise allowed by law. By accepting federal funds under this award, you agree that you are liable for your percentage share of total allowable project costs,
on a budget period basis, even if the project is terminated early or is not funded to its completion. This cost is shared as follows: 
  

																	
	 Budget Period (Start Date)
	  	Budget Period 1
(10/01/2010)	 	 	Budget Period 2
(04/01/2012)	 	 	Budget Period 3
(10/01/2013)	 	 	Total Estimated
Cost	 
	 DOE Share
	  	$	3,099,474/80	% 	 	$	8,803,606/80	% 	 	$	3,096,920/80	% 	 	$	15,000,000/80	% 
	 Recipient Share
	  	$	774,869/20	% 	 	$	2,200,901/20	% 	 	$	774,230/20	% 	 	$	3,750,000/20	% 
		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Total
	  	$	3,874,343/100	% 	 	$	11,004,507/100	% 	 	$	3,871,150/100	% 	 	$	18,750,000/100	% 
		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Budget Period Duration in Months
	  	 	18	  	 	 	18	  	 	 	15	  	 			

 b.        If you discover that you may be unable to provide cost sharing
of at least the amount identified in paragraph a of this term, you should immediately provide written notification to the DOE Award Administrator indicating whether you will continue or phase out the project. If you plan to continue the project, the
notification must describe how replacement cost sharing will be secured. 
 c.        You must maintain
records of all project costs that you claim as cost sharing, including in-kind costs, as well as records of costs to be paid by DOE. Such records are subject to audit. 
 d.        Failure to provide the cost sharing required by this term may result in the subsequent recovery by DOE of some or all the funds provided under the award.

 REBUDGETING AND RECOVERY OF INDIRECT COSTS - REIMBURSABLE INDIRECT COSTS AND FRINGE BENEFITS 

a.        If actual allowable indirect costs are less than those budgeted and funded under the award, you may use
the difference to pay additional allowable direct costs during the project period. If at the completion of the award the Government’s share of total allowable costs (i.e., direct and indirect), is less than the total costs reimbursed, you must
refund the difference. 

  
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b.        Recipients are expected to manage their indirect costs. DOE will not amend an award solely to provide
additional funds for changes in indirect cost rates. DOE recognizes that the inability to obtain full reimbursement for indirect costs means the recipient must absorb the underrecovery. Such underrecovery may be allocated as part of the
organization’s required cost sharing. 
 USE OF PROGRAM INCOME - ADDITION 
 If you earn program income during the project period as a result of this award, you may add the program income to the funds committed to the award and use it to further eligible project objectives.

 STATEMENT OF FEDERAL STEWARDSHIP 
 DOE will exercise normal Federal stewardship in overseeing the project activities performed under this award. Stewardship activities include, but are not limited to, conducting site visits; reviewing
performance and financial reports; providing technical assistance and/or temporary intervention in unusual circumstances to correct deficiencies which develop during the project; assuring compliance with terms and conditions; and reviewing technical
performance after project completion to ensure that the award objectives have been accomplished. 
 STATEMENT OF SUBSTANTIAL INVOLVEMENT

 The Recipient is responsible for: 
  

	 	•	 	 Performing the activities supported by this award in accordance with the Project Management Plan, including providing the required personnel,
facilities, equipment, supplies and services; 

  

	 	•	 	 Managing and controlling project activities in accordance with established processes and procedures to ensure tasks and subtasks are completed within
schedule and budget constraints defined by the current Project Management Plan; 

  

	 	•	 	 Implementing an approach to identify, analyze, and respond to project risks that is commensurate with the complexity of the project;

  

	 	•	 	 Defining and revising approaches and plans, submitting the plans to DOE for review, and incorporating DOE comments; 

 

	 	•	 	 Coordinating related project activities with external suppliers, including DOE M&O contractors, to ensure effective integration of all work
elements; 

  

	 	•	 	 Attending annual program review meetings and reporting project status; 

 

	 	•	 	 Submitting technical reports and incorporating DOE comments; and 

 

	 	•	 	 Presenting the project results at appropriate technical conferences or meetings as directed by the DOE Project Officer (number of conferences/meetings
will not exceed eight (8)). 

 DOE is responsible for: 

 

	 	•	 	 Reviewing in a timely manner project plans, including project management, testing and technology transfer plans, and recommending alternate approaches,
if the plans do not address critical programmatic issues; 

  

	 	•	 	 Participating in project management planning activities, including risk analysis, to ensure DOE’s program requirements or limitations are
considered in performance of the work elements; 

  

	 	•	 	 Conducting annual program review meetings to ensure adequate progress and that the work accomplishes the program and project objectives. Recommending
alternate approaches or shifting work emphasis, if needed; 

  

	 	•	 	 Integrating and redirecting the work effort to ensure that project results address critical system and programmatic goals established by DOE FE, in
coordination with the DOE Existing Plants Division; 

  

	 	•	 	 Promoting and facilitating technology transfer activities, including disseminating program results through presentations and publications;

  

	 	•	 	 Serving as scientific/technical liaison between awardees and other program or industry staff; 

  
 Page 4 of 24

  

	 	•	 	 Reviewing and approving any milestones or decision points within the Statement of Project Objectives (SOPO) that can hinder technology development. The
DOE Project Officer will determine if it is in the best interest of all parties involved to continue the project. Prior to authorizing the Recipient to perform work on a subsequent task, DOE will evaluate the progress made against the standards set
forth in the SOPO. If in DOE’s opinion, such progress has not been as anticipated, the Recipient hereby agrees that DOE may elect to discontinue the Cooperative Agreement at no additional cost to DOE; and 

 

	 	•	 	 Reviewing and concurring with ongoing technical performance to ensure that adequate progress has been obtained within the current activities/tasks
authorized by DOE before work can commence on subsequent activities/tasks as addressed within the “CONTINUATION APPLICATION AND FUNDING” provision of the Cooperative Agreement. 

SITE VISITS 
 DOE’s authorized
representatives have the right to make site visits at reasonable times to review project accomplishments and management control systems and to provide technical assistance, if required. You must provide, and must require your subrecipients to
provide, reasonable access to facilities, office space, resources, and assistance for the safety and convenience of the government representatives in the performance of their duties. All site visits and evaluations must be performed in a manner that
does not unduly interfere with or delay the work. 
 REPORTING REQUIREMENTS 
 a.        Requirements. The reporting requirements for this award are identified on the Federal Assistance Reporting Checklist, DOE F 4600.2, attached to this
award. Failure to comply with these reporting requirements is considered a material noncompliance with the terms of the award. Noncompliance may result in withholding of future payments, suspension, or termination of the current award, and
withholding of future awards. A willful failure to perform, a history of failure to perform, or unsatisfactory performance of this and/or other financial assistance awards, may also result in a debarment action to preclude future awards by Federal
agencies. 
 b.        Dissemination of scientific/technical reports. Scientific/technical reports
submitted under this award will be disseminated on the Internet via the DOE Information Bridge (www.osti.gov/bridge), unless the report contains patentable material, protected data, or SBIR/STTR data. Citations for journal articles produced
under the award will appear on the DOE Energy Citations Database (www.osti.gov/energycitations). 

c.        Restrictions. Reports submitted to the DOE Information Bridge must not contain any Protected Personal
Identifiable Information (PII), limited rights data (proprietary data), classified information, information subject to export control classification, or other information not subject to release. 

PUBLICATIONS 

a.        You are encouraged to publish or otherwise make publicly available the results of the work conducted
under the award. 
 b.        An acknowledgment of Federal support and a disclaimer must appear in the
publication of any material, whether copyrighted or not, based on or developed under this project, as follows: 
 Acknowledgment: “This
material is based upon work supported by the Department of Energy under Award Number DE-FE0004343.” 
 Disclaimer: “This report was
prepared as an account of work sponsored by an agency of the United States Government. Neither the United States Government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or
responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product,
process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or any agency thereof. The views and opinions of authors
expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof.” 

  
 Page 5 of 24

  
 FEDERAL, STATE, AND MUNICIPAL
REQUIREMENTS 
 You must obtain any required permits and comply with applicable federal, state, and municipal laws, codes, and regulations
for work performed under this award. 
 INTELLECTUAL PROPERTY PROVISIONS AND CONTACT INFORMATION 

a. The intellectual property provisions applicable to this award are provided as an attachment to this award or are referenced on the Assistance Agreement
Face Page. A list of all intellectual property provisions may be found at http://www.gc.doe.gov/financial_assistance_awards.htm. 
 b.
Questions regarding intellectual property matters should be referred to the DOE Award Administrator and the Patent Counsel designated as the service provider for the DOE office that issued the award. The IP Service Providers List is found at
http://www.gc.doe.gov/documents/Intellectual_Property_(IP)_Service_Providers_for_Acquisition.pdf 
 NATIONAL SECURITY: CLASSIFIABLE
RESULTS ORIGINATING UNDER AN AWARD 
 a.        This award is intended for unclassified, publicly
releasable research. You will not be granted access to classified information. DOE does not expect that the results of the research project will involve classified information. Under certain circumstances, however, a classification review of
information originated under the award may be required. The Department may review research work generated under this award at any time to determine if it requires classification. 
 b.        Executive Order 12958 (60 Fed. Reg. 19,825 (1995)) states that basic scientific research information not clearly related to the national security
shall not be classified. Nevertheless, some information concerning (among other things) scientific, technological, or economic matters relating to national security or cryptology may require classification. If you originate information during the
course of this award that you believe requires classification, you must promptly: 

1.        Notify the DOE Project Officer and the DOE Award Administrator; 

2.        Submit the information by registered mail directly to the Director, Office of
Classification and Information Control, SO-10.2; U.S. Department of Energy; P.O. Box A; Germantown, MD 20875-0963, for classification review. 
 3.        Restrict access to the information to the maximum extent possible until you are informed that the information is not classified, but no longer than 30
days after receipt by the Director, Office of Classification and Information Control. 
 c.        If
you originate information concerning the production or utilization of special nuclear material (i.e., plutonium, uranium enriched in the isotope 233 or 235, and any other material so determined under section 51 of the Atomic Energy Act) or nuclear
energy, you must: 
 1.        Notify the DOE Project Officer and the DOE Award
Administrator; 
 2.        Submit the information by registered mail directly to the
Director, Office of Classification and Information Control, SO-10.2; U.S. Department of Energy; P. O. Box A; Germantown, MD 20875-0963 for classification review within 180 days of the date the recipient first discovers or first has reason to believe
that the information is useful in such production or utilization; and 

3.        Restrict access to the information to the maximum extent possible until you are
informed that the information is not classified, but no longer than 90 days after receipt by the Director, Office of Classification and Information Control. 

  
 Page 6 of 24

  

d.        If DOE determines any of the information requires classification, you agree that the Government may
terminate the award by mutual agreement in accordance with 10 CFR 600.25(d). All material deemed to be classified must be forwarded to the DOE, in a manner specified by DOE. 
 e.        If DOE does not respond within the specified time periods, you are under no further obligation to restrict access to the information. 

CONTINUATION APPLICATION AND FUNDING - AWARDS UNDER 10 CFR 600 
 a.        Continuation Application. A continuation application is a non-competitive application for an additional budget period within a previously approved project
period. At least 90 days before the end of each budget period, you must submit to the DOE Project Officer and the DOE Award Administrator your continuation application, which includes the following information: 

1.        A report on your progress towards meeting the objectives of the project, including any
significant findings, conclusions, or developments, and an estimate of any unobligated balances remaining at the end of the budget period. If the remaining unobligated balance is estimated to exceed 20 percent of the funds available for the budget
period, explain why the excess funds have not been obligated and how they will be used in the next budget period. 

2.        A detailed budget and supporting justification for the upcoming budget period if
additional funds are requested, a reduction of funds is anticipated, or a budget for the upcoming budget period was not approved at the time of award 
 3.        A description of your plans for the conduct of the project during the upcoming budget period, if there are changes from the DOE approved application.

 b.        Continuation Funding. Continuation funding is contingent on (1) availability of funds;
(2) substantial progress towards meeting the objectives of your approved application; (3) submittal of required reports; or (4) compliance with the terms and conditions of the award. 

LOBBYING RESTRICTIONS 
 By accepting
funds under this award, you agree that none of the funds obligated on the award shall be expended, directly or indirectly, to influence congressional action on any legislation or appropriation matters pending before Congress, other than to
communicate to Members of Congress as described in 18 U.S.C. 1913. This restriction is in addition to those prescribed elsewhere in statute and regulation. 
 NOTICE REGARDING THE PURCHASE OF AMERICAN-MADE EQUIPMENT AND PRODUCTS — SENSE OF CONGRESS 
 It is the sense of the Congress that, to the greatest extent practicable, all equipment and products purchased with funds made available under this award should be American-made. 

ENVIRONMENTAL, SAFETY AND HEALTH (ES&H) PERFORMANCE OF WORK AT DOE FACILITIES 
 With respect to the performance of any portion of the work under this award which is performed at a DOE-owned or controlled site, the recipient agrees to comply with all State and Federal ES&H
regulations and with all other ES&H requirements of the operator of such site. 
 Prior to the performance on any work at a DOE-Owned or
controlled site, the recipient shall contact the site facility manager for information on DOE and site specific ES&H requirements. 
 The
recipient shall apply this term to its sub-recipients and contractors. 

  
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 FUNDING OF BUDGET PERIODS

 DOE has obligated $15,000,000 for completion of the Project authorized by this agreement; however, only $3,099,474 is available for work
performed by the Recipient during Budget Period 1 of the Project. For Budget Periods 2 and 3, the remainder, or $11,900,526, will be available contingent upon the submission by the Recipient of a continuation application and written approval of the
continuation application by the DOE Contracting Officer. 
 In the event that the Recipient does not submit a continuation application for
subsequent Budget Periods or DOE disapproves a continuation application for subsequent Budget Periods, the maximum DOE liability to the Recipient is the funds that are available for the current approved Budget Period. In such event, DOE reserves the
right to deobligate any remaining funds. 
 INSOLVENCY, BANKRUPTCY OR RECEIVERSHIP 

a.        You shall immediately notify the DOE of the occurrence of any of the following events: (i) you or
your parent’s filing of a voluntary case seeking liquidation or reorganization under the Bankruptcy Act; (ii) your consent to the institution of an involuntary case under the Bankruptcy Act against you or your parent; (iii) the filing
of any similar proceeding for or against you or your parent, or its consent to, the dissolution, winding-up or readjustment of your debts, appointment of a receiver, conservator, trustee, or other officer with similar powers over you, under any
other applicable state or federal law; or (iv) your insolvency due to your inability to pay your debts generally as they become due. 

b.        Such notification shall be in writing and shall: (i) specifically set out the details of the
occurrence of an event referenced in paragraph a; (ii) provide the facts surrounding that event; and (iii) provide the impact such event will have on the project being funded by this award. 

c.        Upon the occurrence of any of the four events described in the first paragraph, DOE reserves the right
to conduct a review of your award to determine your compliance with the required elements of the award (including such items as cost share, progress towards technical project objectives, and submission of required reports). If the DOE review
determines that there are significant deficiencies or concerns with your performance under the award, DOE reserves the right to impose additional requirements, as needed, including (i) change your payment method; or (ii) institute payment
controls. 
 d.        Failure of the Recipient to comply with this term may be considered a material
noncompliance of this financial assistance award by the Contracting Officer. 
 PERFORMANCE OF WORK IN UNITED STATES 

The Recipient agrees that at least 75% of the direct labor cost for the project (including subrecipient labor) shall be incurred in the United States,
unless the Recipient can demonstrate to the satisfaction of the Department of Energy that the United States economic interest will be better served through a greater percentage of the work being performed outside the United States. 

NATIONAL ENVIRONMENTAL POLICY ACT (NEPA) REQUIREMENTS 
 You are restricted from taking any action using Federal funds, which would have an adverse effect on the environment or limit the choice of reasonable alternatives prior to DOE providing either a NEPA
clearance or a final NEPA decision regarding this project. Prohibited actions include: Tasks 2.3 and 4-9 of the Statement of Project Objectives (Attachment 2). This restriction does not preclude you from: Tasks 1-3 (with the exception of Task 2.3)
of the Statement of Project Objectives (Attachment 2). 
 If you move forward with activities that are not authorized for federal funding by the
DOE Contracting Officer in advance of the final NEPA decision, you are doing so at risk of not receiving federal funding and such costs may not be recognized as allowable cost share. 

  
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 If this award includes construction
activities, you must submit an environmental evaluation report/evaluation notification form addressing NEPA issues prior to DOE initiating the NEPA process. 
 If a Categorical Exclusion (CX) decision is made on this project, the Contracting Officer will issue a letter notifying the Recipient that the above restrictions have been lifted. 

DECONTAMINATION AND/OR DECOMMISSIONING (D &D) COSTS 
 Notwithstanding any other terms of this Agreement, the Government shall not be responsible for or have any obligation to the recipient for (i) Decontamination and/or Decommissioning (D&D) of any
of the recipient’s facilities, or (ii) any costs which may be incurred by the recipient in connection with the D&D of any of its facilities due to the performance of the work under this Agreement, whether said work was performed prior
to or subsequent to the effective date of this Agreement. 
 SPECIAL PROVISIONS RELATING TO WORK FUNDED UNDER AMERICAN RECOVERY AND
REINVESTMENT ACT OF 2009 (MAR 2009) 
 Preamble 
 The American Recovery and Reinvestment Act of 2009, Pub. L. 111-5, (Recovery Act) was enacted to preserve and create jobs and promote economic recovery, assist those most impacted by the recession,
provide investments needed to increase economic efficiency by spurring technological advances in science and health, invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits,
stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive State and local tax increases. Recipients shall use grant funds in a manner that maximizes job creation and economic
benefit. 
 The Recipient shall comply with all terms and conditions in the Recovery Act relating generally to governance, accountability,
transparency, data collection and resources as specified in Act itself and as discussed below. 
 Recipients should begin planning activities
for their first tier subrecipients, including obtaining a DUNS number (or updating the existing DUNS record), and registering with the Central Contractor Registration (CCR). 
 Be advised that Recovery Act funds can be used in conjunction with other funding as necessary to complete projects, but tracking and reporting must be separate to meet the reporting requirements of the
Recovery Act and related guidance. For projects funded by sources other than the Recovery Act, Contractors must keep separate records for Recovery Act funds and to ensure those records comply with the requirements of the Act. 

The Government has not fully developed the implementing instructions of the Recovery Act, particularly concerning specific procedural requirements for
the new reporting requirements. The Recipient will be provided these details as they become available. The Recipient must comply with all requirements of the Act. If the recipient believes there is any inconsistency between ARRA requirements and
current award terms and conditions, the issues will be referred to the Contracting Officer for reconciliation. 
 Definitions 

For purposes of this term, Covered Funds means funds expended or obligated from appropriations under the American Recovery and Reinvestment Act of 2009,
Pub. L. 111-5. Covered Funds will have special accounting codes and will be identified as Recovery Act funds in the grant, cooperative agreement or TIA and/or modification using Recovery Act funds. Covered Funds must be reimbursed by
September 30, 2015. 

  
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 Non-Federal employer means any
employer with respect to covered funds — the contractor, subcontractor, grantee, or recipient, as the case may be, if the contractor, subcontractor, grantee, or recipient is an employer; and any professional membership organization,
certification of other professional body, any agent or licensee of the Federal government, or any person acting directly or indirectly in the interest of an employer receiving covered funds; or with respect to covered funds received by a State or
local government, the State or local government receiving the funds and any contractor or subcontractor receiving the funds and any contractor or subcontractor of the State or local government; and does not mean any department, agency, or other
entity of the federal government. 
 Recipient means any entity that receives Recovery Act funds directly from the Federal government (including
Recovery Act funds received through grant, loan, or contract) other than an individual and includes a State that receives Recovery Act Funds. 

Special Provisions 
 A. Flow Down Requirement

 Recipients must include these special terms and conditions in any subaward. 
 B. Segregation of Costs 
 Recipients must segregate the obligations and expenditures related to
funding under the Recovery Act. Financial and accounting systems should be revised as necessary to segregate, track and maintain these funds apart and separate from other revenue streams. No part of the funds from the Recovery Act shall be
commingled with any other funds or used for a purpose other than that of making payments for costs allowable for Recovery Act projects. 
 C.
Prohibition on Use of Funds 
 None of the funds provided under this agreement derived from the American Recovery and Reinvestment Act of 2009,
Pub. L. 111-5, may be used by any State or local government, or any private entity, for any casino or other gambling establishment, aquarium, zoo, golf course, or swimming pool. 
 D. Access to Records 
 With respect to each financial assistance agreement awarded utilizing at
least some of the funds appropriated or otherwise made available by the American Recovery and Reinvestment Act of 2009, Pub. L. 111-5, any representative of an appropriate inspector general appointed under section 3 or 8G of the Inspector General
Act of 1988 (5 U.S.C. App.) or of the Comptroller General is authorized — 
 (1) to examine any records of the contractor
or grantee, any of its subcontractors or subgrantees, or any State or local agency administering such contract that pertain to, and involve transactions that relate to, the subcontract, subcontract, grant, or subgrant; and 

(2) to interview any officer or employee of the contractor, grantee, subgrantee, or agency regarding such transactions. 

E. Publication 
 An application may contain
technical data and other data, including trade secrets and/or privileged or confidential information, which the applicant does not want disclosed to the public or used by the Government for any purpose other than the application. To protect such
data, the applicant should specifically identify each page including each line or paragraph thereof containing the data to be protected and mark the cover sheet of the application with the following Notice as well as referring to the Notice on each
page to which the Notice applies: 
 Notice of Restriction on Disclosure and Use of Data 

The data contained in pages — of this application have been submitted in confidence and contain trade secrets or proprietary information, and such
data shall be used or disclosed only for evaluation purposes, provided that if this applicant receives an award as a result of or in connection with the submission of this application, DOE shall have the right to use or disclose the data here to the
extent provided in the award. 

  
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This restriction does not limit the Government’s right to use or disclose data obtained without restriction from any source, including the applicant. 

Information about this agreement will be published on the Internet and linked to the website www.recovery.gov, maintained by the Accountability
and Transparency Board. The Board may exclude posting contractual or other information on the website on a case-by-case basis when necessary to protect national security or to protect information that is not subject to disclosure under sections 552
and 552a of title 5, United States Code. 
 F. Protecting State and Local Government and Contractor Whistleblowers. 

The requirements of Section 1553 of the Act are summarized below. They include, but are not limited to: 

Prohibition on Reprisals: An employee of any non-Federal employer receiving covered funds under the American Recovery and Reinvestment Act of 2009, Pub.
L. 111-5, may not be discharged, demoted, or otherwise discriminated against as a reprisal for disclosing, including a disclosure made in the ordinary course of an employee’s duties, to the Accountability and Transparency Board, an inspector
general, the Comptroller General, a member of Congress, a State or Federal regulatory or law enforcement agency, a person with supervisory authority over the employee (or other person working for the employer who has the authority to investigate,
discover or terminate misconduct), a court or grand jury, the head of a Federal agency, or their representatives information that the employee believes is evidence of: 
 - gross mismanagement of an agency contract or grant relating to covered funds; 

- a gross waste of covered funds; 
 - a substantial and specific danger to public health or safety related to the implementation or use of covered funds; 
 - an abuse of authority related to the implementation or use of covered funds; or 

- as violation of law, rule, or regulation related to an agency contract (including the competition for or negotiation of a contract) or
grant, awarded or issued relating to covered funds. 
 Agency Action: Not later than 30 days after receiving an inspector general report of an
alleged reprisal, the head of the agency shall determine whether there is sufficient basis to conclude that the non-Federal employer has subjected the employee to a prohibited reprisal. The agency shall either issue an order denying relief in whole
or in part or shall take one or more of the following actions: 
 - Order the employer to take affirmative action to abate the
reprisal. 
 - Order the employer to reinstate the person to the position that the person held before the reprisal, together
with compensation including back pay, compensatory damages, employment benefits, and other terms and conditions of employment that would apply to the person in that position if the reprisal had not been taken. 

- Order the employer to pay the employee an amount equal to the aggregate amount of all costs and expenses (including attorneys’
fees and expert witnesses’ fees) that were reasonably incurred by the employee for or in connection with, bringing the complaint regarding the reprisal, as determined by the head of a court of competent jurisdiction. 

Nonenforceablity of Certain Provisions Waiving Rights and Remedies or Requiring Arbitration: Except as provided in a collective bargaining agreement, the
rights and remedies provided to aggrieved employees by this section may not be waived by any agreement, policy, form, or condition of employment, including any predispute arbitration agreement. No predispute arbitration agreement shall be valid or
enforceable if it requires arbitration of a dispute arising out of this section. 
 Requirement to Post Notice of Rights and Remedies: Any
employer receiving covered funds under the American Recovery and Reinvestment Act of 2009, Pub. L. 111-5, shall post notice of the rights and remedies as required therein. (Refer to section 1553 of the American Recovery and Reinvestment Act of 2009,
Pub. L. 111-5, www.Recovery.gov, for specific requirements of this section and prescribed language for the notices.). 
 G. Reserved

  
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 H. False Claims Act 

Recipient and sub-recipients shall promptly refer to the DOE or other appropriate Inspector General any credible evidence that a principal, employee,
agent, contractor, sub-grantee, subcontractor or other person has submitted a false claim under the False Claims Act or has committed a criminal or civil violation of laws pertaining to fraud, conflict of interest, bribery, gratuity or similar
misconduct involving those funds. 
 I. Information in Support of Recovery Act Reporting 

Recipient may be required to submit backup documentation for expenditures of funds under the Recovery Act including such items as timecards and invoices.
Recipient shall provide copies of backup documentation at the request of the Contracting Officer or designee. 
 J. Availability of Funds

 Funds appropriated under the Recovery Act and obligated to this award are available for reimbursement of costs until September 30, 2015.

 REPORTING AND REGISTRATION REQUIREMENTS UNDER SECTION 1512 OF THE RECOVERY ACT 

(a) This award requires the recipient to complete projects or activities which are funded under the American Recovery and Reinvestment Act of 2009
(Recovery Act) and to report on use of Recovery Act funds provided through this award. Information from these reports will be made available to the public. 
 (b) The reports are due no later than ten calendar days after each calendar quarter in which the recipient receives the assistance award funded in whole or in part by the Recovery Act. 

(c) Recipients and their first-tier recipients must maintain current registrations in the Central Contractor Registration (http://www.ccr.gov) at
all times during which they have active federal awards funded with Recovery Act funds. A Dun and Bradstreet Data Universal Numbering System (DUNS) Number (http://www.dnb.com) is one of the requirements for registration in the Central
Contractor Registration. 
 (d) The recipient shall report the information described in section 1512(c) of the Recovery Act using the reporting
instructions and data elements that will be provided online at http://www.FederalReporting.gov and ensure that any information that is pre-filled is corrected or updated as needed. 
 REQUIRED USE OF AMERICAN IRON, STEEL, AND MANUFACTURED GOODS (COVERED UNDER INTERNATIONAL AGREEMENTS)—SECTION 1605 OF THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 

(a) Definitions. As used in this award term and condition— 
 Designated country — 
 (1) A World Trade Organization Government Procurement Agreement country
(Aruba, Austria, Belgium, Bulgaria, Canada, Chinese Taipei (Taiwan), Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea (Republic of), Latvia, Liechtenstein,
Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Singapore, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, and United Kingdom; 
 (2) A Free Trade Agreement (FTA) country (Australia, Bahrain, Canada, Chile, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Mexico, Morocco, Nicaragua, Oman, Peru, or
Singapore); 
 (3) A United States-European Communities Exchange of Letters (May 15, 1995) country: Austria, Belgium, Bulgaria, Cyprus, Czech
Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden, and United Kingdom; or 

(4) An Agreement between Canada and the United States of America on Government Procurement country (Canada). 

  
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 Designated country iron, steel, and/or
manufactured goods 
 (1) Is wholly the growth, product, or manufacture of a designated country; or 

(2) In the case of a manufactured good that consist in whole or in part of materials from another country, has been substantially transformed in a
designated country into a new and different manufactured good distinct from the materials from which it was transformed. 
 Domestic iron,
steel, and/or manufactured good 
 (1) Is wholly the growth, product, or manufacture of the United States; or 

(2) In the case of a manufactured good that consists in whole or in part of materials from another country, has been substantially transformed in the
United States into a new and different manufactured good distinct from the materials from which it was transformed. There is no requirement with regard to the origin of components or subcomponents in manufactured goods or products, as long as the
manufacture of the goods occurs in the United States. 
 Foreign iron, steel, and/or manufactured good means iron, steel and/or manufactured
good that is not domestic or designated country iron, steel, and/or manufactured good. 
 Manufactured good means a good brought to the
construction site for incorporation into the building or work that has been 
 (1) Processed into a specific form and shape; or 

(2) Combined with other raw material to create a material that has different properties than the properties of the individual raw materials. 

Public building and public work means a public building of, and a public work of, a governmental entity (the United States; the District of Columbia;
commonwealths, territories, and minor outlying islands of the United States; State and local governments; and multi-State, regional, or interstate entities which have governmental functions). These buildings and works may include, without
limitation, bridges, dams, plants, highways, parkways, streets, subways, tunnels, sewers, mains, power lines, pumping stations, heavy generators, railways, airports, terminals, docks, piers, wharves, ways, lighthouses, buoys, jetties, breakwaters,
levees, and canals, and the construction, alteration, maintenance, or repair of such buildings and works. 
 Steel means an alloy that includes
at least 50 percent iron, between .02 and 2 percent carbon, and may include other elements. 
 (b) Iron, steel, and manufactured goods.

 (1) The award term and condition described in this section implements- 
 (i) Section 1605(a) of the American Recovery and Reinvestment Act of 2009 (Pub. L. 111-5) (Recovery Act), by requiring that all iron, steel, and manufactured goods used in the project are produced in
the United States; and 
 (ii) Section 1605(d), which requires application of the Buy American requirement in a manner consistent with U.S.
obligations under international agreements. The restrictions of section 1605 of the Recovery Act do not apply to designated country iron, steel, and/or manufactured goods. The Buy American requirement in section 1605 shall not be applied where the
iron, steel or manufactured goods used in the project are from a Party to an international agreement that obligates the recipient to treat the goods and services of that Party the same as domestic goods and services. As of January 1, 2010, this
obligation shall only apply to projects with an estimated value of $7,804,000 or more. 
 (2) The recipient shall use only domestic or
designated country iron, steel, and manufactured goods in performing the work funded in whole or part with this award, except as provided in paragraphs (b)(3) and (b)(4) of this section. 
 (3) The requirement in paragraph (b)(2) of this section does not apply to the iron, steel, and manufactured goods listed by the Federal Government as follows: 

TO BE DETERMINED 
 (4) The award official may
add other iron, steel, and manufactured goods to the list in paragraph (b)(3) of this section if the Federal Government determines that— 

(i) The cost of domestic iron, steel, and/or manufactured goods would be unreasonable. The cost of domestic iron, steel, and/or manufactured goods used
in the project is unreasonable when the cumulative cost of such material will increase the overall cost of the project by more than 25 percent; 

  
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 (ii) The iron, steel, and/or
manufactured good is not produced, or manufactured in the United States in sufficient and reasonably available commercial quantities of a satisfactory quality; or 
 (iii) The application of the restriction of section 1605 of the Recovery Act would be inconsistent with the public interest. 
 (c) Request for determination of inapplicability of section 1605 of the Recovery Act or the Buy American Act. 
 (1)(i) Any recipient request to use foreign iron, steel, and/or manufactured goods in accordance with paragraph (b)(4) of this section shall include adequate information for Federal Government evaluation
of the request, including— 
 (A) A description of the foreign and domestic iron, steel, and/or manufactured goods; 

(B) Unit of measure; 
 (C) Quantity;

 (D) Cost; 
 (E) Time of delivery or
availability; 
 (F) Location of the project; 
 (G) Name and address of the proposed supplier; and 
 (H) A detailed justification of the reason
for use of foreign iron, steel, and/or manufactured goods cited in accordance with paragraph (b)(4) of this section. 
 (ii) A request based on
unreasonable cost shall include a reasonable survey of the market and a completed cost comparison table in the format in paragraph (d) of this section. 
 (iii) The cost of iron, steel, or manufactured goods shall include all delivery costs to the construction site and any applicable duty. 
 (iv) Any recipient request for a determination submitted after Recovery Act funds have been obligated for a project for construction, alteration, maintenance, or repair shall explain why the recipient
could not reasonably foresee the need for such determination and could not have requested the determination before the funds were obligated. If the recipient does not submit a satisfactory explanation, the award official need not make a
determination. 
 (2) If the Federal Government determines after funds have been obligated for a project for construction, alteration,
maintenance, or repair that an exception to section 1605 of the Recovery Act applies, the award official will amend the award to allow use of the foreign iron, steel, and/or relevant manufactured goods. When the basis for the exception is
nonavailability or public interest, the amended award shall reflect adjustment of the award amount, redistribution of budgeted funds, and/or other appropriate actions taken to cover costs associated with acquiring or using the foreign iron, steel,
and/or relevant manufactured goods. When the basis for the exception is the unreasonable cost of the domestic iron, steel, or manufactured goods, the award official shall adjust the award amount or redistribute budgeted funds, as appropriate, by at
least the differential established in 2 CFR 176.110(a). 
 (3) Unless the Federal Government determines that an exception to section 1605 of the
Recovery Act applies, use of foreign iron, steel, and/or manufactured goods other than designated country iron, steel, and/or manufactured goods is noncompliant with the applicable Act. 

  
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 (d) Data. To permit evaluation of
requests under paragraph (b) of this section based on unreasonable cost, the applicant shall include the following information and any applicable supporting data based on the survey of suppliers: 

Foreign and Domestic Items Cost Comparison 
  

													
	Description	  	Unit of measure	 	  	Quantity	 	  	Cost (dollars)*	 
	 Item 1:
	  	 	_________	  	  	 	_________	  	  	 	_________	  
	 Foreign steel, iron, or manufactured good
	  	 	_________	  	  	 	_________	  	  	 	_________	  
	 Domestic steel, iron, or manufactured good
	  				  				  			
	 Item 2:
	  				  				  			
	 Foreign steel, iron, or manufactured good
	  	 	_________	  	  	 	_________	  	  	 	_________	  
	 Domestic steel, iron, or manufactured good
	  	 	_________	  	  	 	_________	  	  	 	_________	  

 [List name, address, telephone
number, email address, and contact for suppliers surveyed. Attach copy of response; if oral, attach summary.] 
 [Include other applicable
supporting information.] 
 [*Include all delivery costs to the construction site.] 
 WAGE RATE REQUIREMENTS UNDER SECTION 1606 OF THE RECOVERY ACT 
 (a) Section 1606 of the
Recovery Act requires that all laborers and mechanics employed by contractors and subcontractors on projects funded directly by or assisted in whole or in part by and through the Federal Government pursuant to the Recovery Act shall be paid wages at
rates not less than those prevailing on projects of a character similar in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of title 40, United States Code. 

Pursuant to Reorganization Plan No. 14 and the Copeland Act, 40 U.S.C. 3145, the Department of Labor has issued regulations at 29 CFR parts 1, 3,
and 5 to implement the Davis-Bacon and related Acts. Regulations in 29 CFR 5.5 instruct agencies concerning application of the standard Davis-Bacon contract clauses set forth in that section. Federal agencies providing grants, cooperative
agreements, and loans under the Recovery Act shall ensure that the standard Davis-Bacon contract clauses found in 29 CFR 5.5(a) are incorporated in any resultant covered contracts that are in excess of $2,000 for construction, alteration or repair
(including painting and decorating). 
 (b) For additional guidance on the wage rate requirements of section 1606, contact your awarding agency.
Recipients of grants, cooperative agreements and loans should direct their initial inquiries concerning the application of Davis-Bacon requirements to a particular federally assisted project to the Federal agency funding the project. The Secretary
of Labor retains final coverage authority under Reorganization Plan Number 14. 
 RECOVERY ACT TRANSACTIONS LISTED IN SCHEDULE OF
EXPENDITURES OF FEDERAL AWARDS AND RECIPIENT RESPONSIBILITIES FOR INFORMING SUBRECIPIENTS 
 (a) To maximize the transparency and
accountability of funds authorized under the American Recovery and Reinvestment Act of 2009 (Pub. L. 111—5) (Recovery Act) as required by Congress and in accordance with 2 CFR 215.21 “Uniform Administrative Requirements for Grants and
Agreements” and OMB Circular A—102 Common Rules provisions, recipients agree to maintain records that identify adequately the source and application of Recovery Act funds. OMB Circular A—102 is available at
http://www.whitehouse.gov/omb/circulars/a102/a102.html. 

  
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 (b) For recipients covered by the
Single Audit Act Amendments of 1996 and OMB Circular A—133, “Audits of States, Local Governments, and Non-Profit Organizations,” recipients agree to separately identify the expenditures for Federal awards under the Recovery Act on the
Schedule of Expenditures of Federal Awards (SEFA) and the Data Collection Form (SF—SAC) required by OMB Circular A—133. OMB Circular A—133 is available at http://www.whitehouse.gov/omb/circulars/a133/a133.html. This shall be
accomplished by identifying expenditures for Federal awards made under the Recovery Act separately on the SEFA, and as separate rows under Item 9 of Part III on the SF—SAC by CFDA number, and inclusion of the prefix “ARRA-” in
identifying the name of the Federal program on the SEFA and as the first characters in Item 9d of Part III on the SF—SAC. 
 (c)
Recipients agree to separately identify to each subrecipient, and document at the time of subaward and at the time of disbursement of funds, the Federal award number, CFDA number, and amount of Recovery Act funds. When a recipient awards Recovery
Act funds for an existing program, the information furnished to subrecipients shall distinguish the subawards of incremental Recovery Act funds from regular subawards under the existing program. 

(d) Recipients agree to require their subrecipients to include on their SEFA information to specifically identify Recovery Act funding similar to the
requirements for the recipient SEFA described above. This information is needed to allow the recipient to properly monitor subrecipient expenditure of ARRA funds as well as oversight by the Federal awarding agencies, Offices of Inspector General and
the Government Accountability Office. 
 DAVIS BACON ACT AND CONTRACT WORK HOURS AND SAFETY STANDARDS ACT 

Definitions: For purposes of this article, Davis Bacon Act and Contract Work Hours and Safety Standards Act, the following definitions are
applicable: 
 (1) “Award” means any grant, cooperative agreement or technology investment agreement made with Recovery
Act funds by the Department of Energy (DOE) to a Recipient. Such Award must require compliance with the labor standards clauses and wage rate requirements of the Davis-Bacon Act (DBA) for work performed by all laborers and mechanics employed by
Recipients (other than a unit of State or local government whose own employees perform the construction) Subrecipients, Contractors and subcontractors. 
 (2) “Contractor” means an entity that enters into a Contract. For purposes of these clauses, Contractor shall include (as applicable) prime contractors, Recipients, Subrecipients, and
Recipients’ or Subrecipients’ contractors, subcontractors, and lower-tier subcontractors. “Contractor” does not mean a unit of State or local government where construction is performed by its own employees.” 

(3) “Contract” means a contract executed by a Recipient, Subrecipient, prime contractor or any tier subcontractor for
construction, alteration, or repair. It may also mean (as applicable) (i) financial assistance instruments such as grants, cooperative agreements, technology investment agreements, and loans; and, (ii) Sub awards, contracts and
subcontracts issued under financial assistance agreements. “Contract” does not mean a financial assistance instrument with a unit of State or local government where construction is performed by its own employees. 

(4) “Contracting Officer” means the DOE official authorized to execute an Award on behalf of DOE and who is responsible for the
business management and non-program aspects of the financial assistance process. 
 (5) “Recipient” means any entity
other than an individual that receives an Award of Federal funds in the form of a grant, cooperative agreement or technology investment agreement directly from the Federal Government and is financially accountable for the use of any DOE funds or
property, and is legally responsible for carrying out the terms and conditions of the program and Award. 

  
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 (6)
“Subaward” means an award of financial assistance in the form of money, or property in lieu of money, made under an award by a Recipient to an eligible Subrecipient or by a Subrecipient to a lower- tier subrecipient. The term includes
financial assistance when provided by any legal agreement, even if the agreement is called a contract, but does not include the Recipient’s procurement of goods and services to carry out the program nor does it include any form of assistance
which is excluded from the definition of “Award” above. 
 (7) “Subrecipient” means a non-Federal entity that
expends Federal funds received from a Recipient to carry out a Federal program, but does not include an individual that is a beneficiary of such a program. 
 (a) Davis Bacon Act 
 (1) Minimum wages. 

(i) All laborers and mechanics employed or working upon the site of the work (or under the United States Housing Act of 1937 or under the
Housing Act of 1949 in the construction or development of the project), will be paid unconditionally and not less often than once a week, and without subsequent deduction or rebate on any account (except such payroll deductions as are permitted by
regulations issued by the Secretary of Labor under the Copeland Act (29 CFR part 3) ), the full amount of wages and bona fide fringe benefits (or cash equivalents thereof) due at time of payment computed at rates not less than those contained in the
wage determination of the Secretary of Labor which is reserved for attachment hereto and shall be made a part hereof upon determination of a host site for the project, regardless of any contractual relationship which may be alleged to exist between
the Contractor and such laborers and mechanics. 
 Contributions made or costs reasonably anticipated for bona fide fringe
benefits under section 1(b)(2) of the Davis-Bacon Act on behalf of laborers or mechanics are considered wages paid to such laborers or mechanics, subject to the provisions of paragraph (a)(1)(iv) of this section; also, regular contributions made or
costs incurred for more than a weekly period (but not less often than quarterly) under plans, funds, or programs which cover the particular weekly period, are deemed to be constructively made or incurred during such weekly period. Such laborers and
mechanics shall be paid the appropriate wage rate and fringe benefits on the wage determination for the classification of work actually performed, without regard to skill, except as provided in § 5.5(a)(4). Laborers or mechanics performing work
in more than one classification may be compensated at the rate specified for each classification for the time actually worked therein: Provided, That the employer’s payroll records accurately set forth the time spent in each
classification in which work is performed. The wage determination (including any additional classification and wage rates conformed under paragraph (a)(1)(ii) of this section) and the Davis-Bacon poster (WH-1321) shall be posted at all times by the
Contractor and its subcontractors at the site of the work in a prominent and accessible place where it can be easily seen by the workers. 
 (ii)(A) The Contracting Officer shall require that any class of laborers or mechanics, including helpers, which is not listed in the wage determination and which is to be employed under the Contract shall
be classified in conformance with the wage determination. The Contracting Officer shall approve an additional classification and wage rate and fringe benefits therefore only when the following criteria have been met: 

(1) The work to be performed by the classification requested is not performed by a classification in the wage determination; and

 (2) The classification is utilized in the area by the construction industry; and 

(3) The proposed wage rate, including any bona fide fringe benefits, bears a reasonable relationship to the wage rates contained in the
wage determination. 

  
 Page 17 of 24

  
 (B) If the Contractor
and the laborers and mechanics to be employed in the classification (if known), or their representatives, and the Contracting Officer agree on the classification and wage rate (including the amount designated for fringe benefits where appropriate),
a report of the action taken shall be sent by the Contracting Officer to the Administrator of the Wage and Hour Division, U.S. Department of Labor, Washington, DC 20210. The Administrator, or an authorized representative, will approve, modify, or
disapprove every additional classification action within 30 days of receipt and so advise the Contracting Officer or will notify the Contracting Officer within the 30-day period that additional time is necessary. 

(C) In the event the Contractor, the laborers or mechanics to be employed in the classification or their representatives, and the
Contracting Officer do not agree on the proposed classification and wage rate (including the amount designated for fringe benefits, where appropriate), the Contracting Officer shall refer the questions, including the views of all interested parties
and the recommendation of the Contracting Officer, to the Administrator for determination. The Administrator, or an authorized representative, will issue a determination within 30 days of receipt and so advise the Contracting Officer or will notify
the Contracting Officer within the 30-day period that additional time is necessary. 
 (D) The wage rate (including fringe
benefits where appropriate) determined pursuant to paragraphs (a)(1)(ii)(B) or (C) of this section, shall be paid to all workers performing work in the classification under this Contract from the first day on which work is performed in the
classification. 
 (iii) Whenever the minimum wage rate prescribed in the Contract for a class of laborers or mechanics includes
a fringe benefit which is not expressed as an hourly rate, the Contractor shall either pay the benefit as stated in the wage determination or shall pay another bona fide fringe benefit or an hourly cash equivalent thereof. 

(iv) If the Contractor does not make payments to a trustee or other third person, the Contractor may consider as part of the wages of any
laborer or mechanic the amount of any costs reasonably anticipated in providing bona fide fringe benefits under a plan or program, Provided, That the Secretary of Labor has found, upon the written request of the Contractor, that the
applicable standards of the Davis-Bacon Act have been met. The Secretary of Labor may require the Contractor to set aside in a separate account assets for the meeting of obligations under the plan or program. 

(2) Withholding. The Department of Energy or the Recipient or Subrecipient shall upon its own action or upon written request of an
authorized representative of the Department of Labor withhold or cause to be withheld from the Contractor under this Contract or any other Federal contract with the same prime contractor, or any other federally-assisted contract subject to
Davis-Bacon prevailing wage requirements, which is held by the same prime contractor, so much of the accrued payments or advances as may be considered necessary to pay laborers and mechanics, including apprentices, trainees, and helpers, employed by
the Contractor or any subcontractor the full amount of wages required by the Contract. In the event of failure to pay any laborer or mechanic, including any apprentice, trainee, or helper, employed or working on the site of the work (or under the
United States Housing Act of 1937 or under the Housing Act of 1949 in the construction or development of the project), all or part of the wages required by the Contract, the Department of Energy, Recipient, or Subrecipient, may, after written notice
to the Contractor, sponsor, applicant, or owner, take such action as may be necessary to cause the suspension of any further payment, advance, or guarantee of funds until such violations have ceased. 

  
 Page 18 of 24

  
 (3) Payrolls and basic
records. 
 (i) Payrolls and basic records relating thereto shall be maintained by the Contractor during the course of the work
and preserved for a period of three years thereafter for all laborers and mechanics working at the site of the work (or under the United States Housing Act of 1937, or under the Housing Act of 1949, in the construction or development of the
project). Such records shall contain the name, address, and social security number of each such worker, his or her correct classification, hourly rates of wages paid (including rates of contributions or costs anticipated for bona fide fringe
benefits or cash equivalents thereof of the types described in section 1(b)(2)(B) of the Davis-Bacon Act), daily and weekly number of hours worked, deductions made and actual wages paid. Whenever the Secretary of Labor has found under 29 CFR
5.5(a)(1)(iv) that the wages of any laborer or mechanic include the amount of any costs reasonably anticipated in providing benefits under a plan or program described in section 1(b)(2)(B) of the Davis-Bacon Act, the Contractor shall maintain
records which show that the commitment to provide such benefits is enforceable, that the plan or program is financially responsible, and that the plan or program has been communicated in writing to the laborers or mechanics affected, and records
which show the costs anticipated or the actual cost incurred in providing such benefits. Contractors employing apprentices or trainees under approved programs shall maintain written evidence of the registration of apprenticeship programs and
certification of trainee programs, the registration of the apprentices and trainees, and the ratios and wage rates prescribed in the applicable programs. 
  

	 	(ii)	(A) The Contractor shall submit weekly for each week in which any Contract work is performed a copy of all payrolls to the Department of Energy if the agency is a
party to the Contract, but if the agency is not such a party, the Contractor will submit the payrolls to the Recipient or Subrecipient (as applicable), applicant, sponsor, or owner, as the case may be, for transmission to the Department of Energy.
The payrolls submitted shall set out accurately and completely all of the information required to be maintained under 29 CFR 5.5(a)(3)(i), except that full social security numbers and home addresses shall not be included on weekly transmittals.
Instead the payrolls shall only need to include an individually identifying number for each employee (e.g., the last four digits of the employee’s social security number). The required weekly payroll information may be submitted in any form
desired. Optional Form WH-347 is available for this purpose from the Wage and Hour Division Web site at http://www.dol.gov/esa/whd/forms/wh347instr.htm or its successor site. The prime Contractor is responsible for the submission of copies of
payrolls by all subcontractors. Contractors and subcontractors shall maintain the full social security number and current address of each covered worker, and shall provide them upon request to the Department of Energy if the agency is a party to the
Contract, but if the agency is not such a party, the Contractor will submit them to the Recipient or Subrecipient (as applicable), applicant, sponsor, or owner, as the case may be, for transmission to the Department of Energy, the Contractor, or the
Wage and Hour Division of the Department of Labor for purposes of an investigation or audit of compliance with prevailing wage requirements. It is not a violation of this section for a prime contractor to require a subcontractor to provide addresses
and social security numbers to the prime contractor for its own records, without weekly submission to the sponsoring government agency (or the Recipient or Subrecipient (as applicable), applicant, sponsor, or owner). 

(B) Each payroll submitted shall be accompanied by a “Statement of Compliance,” signed by the Contractor or subcontractor or
his or her agent who pays or supervises the payment of the persons employed under the Contract and shall certify the following: 

(1) That the payroll for the payroll period contains the information required to be provided under § 5.5 (a)(3)(ii) of Regulations,
29 CFR part 5, the appropriate information is being maintained under § 5.5 (a)(3)(i) of Regulations, 29 CFR part 5, and that such information is correct and complete; 

  
 Page 19 of 24

  
 (2) That each laborer
or mechanic (including each helper, apprentice, and trainee) employed on the Contract during the payroll period has been paid the full weekly wages earned, without rebate, either directly or indirectly, and that no deductions have been made either
directly or indirectly from the full wages earned, other than permissible deductions as set forth in Regulations, 29 CFR part 3; 
 (3) That each laborer or mechanic has been paid not less than the applicable wage rates and fringe benefits or cash equivalents for the classification of work performed, as specified in the applicable
wage determination incorporated into the Contract. 
 (C) The weekly submission of a properly executed certification set forth
on the reverse side of Optional Form WH-347 shall satisfy the requirement for submission of the “Statement of Compliance” required by paragraph (a)(3)(ii)(B) of this section. 

(D) The falsification of any of the above certifications may subject the Contractor or subcontractor to civil or criminal prosecution
under section 1001 of title 18 and section 3729 of title 31 of the United States Code. 
 (iii) The Contractor or subcontractor
shall make the records required under paragraph (a)(3)(i) of this section available for inspection, copying, or transcription by authorized representatives of the Department of Energy or the Department of Labor, and shall permit such representatives
to interview employees during working hours on the job. If the Contractor or subcontractor fails to submit the required records or to make them available, the Federal agency may, after written notice to the Contractor, sponsor, applicant, or owner,
take such action as may be necessary to cause the suspension of any further payment, advance, or guarantee of funds. Furthermore, failure to submit the required records upon request or to make such records available may be grounds for debarment
action pursuant to 29 CFR 5.12. 
 (4) Apprentices and trainees— 

(i) Apprentices. Apprentices will be permitted to work at less than the predetermined rate for the work they performed when they are
employed pursuant to and individually registered in a bona fide apprenticeship program registered with the U.S. Department of Labor, Employment and Training Administration, Office of Apprenticeship Training, Employer and Labor Services, or with a
State Apprenticeship Agency recognized by the Office, or if a person is employed in his or her first 90 days of probationary employment as an apprentice in such an apprenticeship program, who is not individually registered in the program, but who
has been certified by the Office of Apprenticeship Training, Employer and Labor Services or a State Apprenticeship Agency (where appropriate) to be eligible for probationary employment as an apprentice. The allowable ratio of apprentices to
journeymen on the job site in any craft classification shall not be greater than the ratio permitted to the Contractor as to the entire work force under the registered program. Any worker listed on a payroll at an apprentice wage rate, who is not
registered or otherwise employed as stated above, shall be paid not less than the applicable wage rate on the wage determination for the classification of work actually performed. In addition, any apprentice performing work on the job site in excess
of the ratio permitted under the registered program shall be paid not less than the applicable wage rate on the wage determination for the work actually performed. Where a Contractor is performing construction on a project in a locality other than
that in which its program is registered, the ratios and wage rates (expressed in percentages of the journeyman’s hourly rate) specified in the Contractor’s or subcontractor’s registered program shall be observed. Every apprentice must
be paid at not less than the rate specified in the registered program for 

  
 Page 20 of 24

 
the apprentice’s level of progress, expressed as a percentage of the journeymen hourly rate specified in the applicable wage determination. Apprentices shall be paid fringe benefits in
accordance with the provisions of the apprenticeship program. If the apprenticeship program does not specify fringe benefits, apprentices must be paid the full amount of fringe benefits listed on the wage determination for the applicable
classification. If the Administrator determines that a different practice prevails for the applicable apprentice classification, fringes shall be paid in accordance with that determination. In the event the Office of Apprenticeship Training,
Employer and Labor Services, or a State Apprenticeship Agency recognized by the Office, withdraws approval of an apprenticeship program, the Contractor will no longer be permitted to utilize apprentices at less than the applicable predetermined rate
for the work performed until an acceptable program is approved. 
 (ii) Trainees. Except as provided in 29 CFR 5.16, trainees
will not be permitted to work at less than the predetermined rate for the work performed unless they are employed pursuant to and individually registered in a program which has received prior approval, evidenced by formal certification by the U.S.
Department of Labor, Employment and Training Administration. The ratio of trainees to journeymen on the job site shall not be greater than permitted under the plan approved by the Employment and Training Administration. Every trainee must be paid at
not less than the rate specified in the approved program for the trainee’s level of progress, expressed as a percentage of the journeyman hourly rate specified in the applicable wage determination. Trainees shall be paid fringe benefits in
accordance with the provisions of the trainee program. If the trainee program does not mention fringe benefits, trainees shall be paid the full amount of fringe benefits listed on the wage determination unless the Administrator of the Wage and Hour
Division determines that there is an apprenticeship program associated with the corresponding journeyman wage rate on the wage determination which provides for less than full fringe benefits for apprentices. Any employee listed on the payroll at a
trainee rate who is not registered and participating in a training plan approved by the Employment and Training Administration shall be paid not less than the applicable wage rate on the wage determination for the classification of work actually
performed. In addition, any trainee performing work on the job site in excess of the ratio permitted under the registered program shall be paid not less than the applicable wage rate on the wage determination for the work actually performed. In the
event the Employment and Training Administration withdraws approval of a training program, the Contractor will no longer be permitted to utilize trainees at less than the applicable predetermined rate for the work performed until an acceptable
program is approved. 
 (iii) Equal employment opportunity. The utilization of apprentices, trainees and journeymen under this
part shall be in conformity with the equal employment opportunity requirements of Executive Order 11246, as amended and 29 CFR part 30. 
 (5) Compliance with Copeland Act requirements. The Contractor shall comply with the requirements of 29 CFR part 3, which are incorporated by reference in this Contract. 

(6) Contracts and Subcontracts. The Recipient, Subrecipient, the Recipient’s and Subrecipient’s contractors and subcontractor
shall insert in any Contracts the clauses contained herein in(a)(1) through (10) and such other clauses as the Department of Energy may by appropriate instructions require, and also a clause requiring the subcontractors to include these clauses
in any lower tier subcontracts. The Recipient shall be responsible for the compliance by any subcontractor or lower tier subcontractor with all of the paragraphs in this clause. 

(7) Contract termination: debarment. A breach of the Contract clauses in 29 CFR 5.5 may be grounds for termination of the Contract, and
for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12. 
 (8) Compliance with Davis-Bacon and Related Act
requirements. All rulings and interpretations of the Davis-Bacon and Related Acts contained in 29 CFR parts 1, 3, and 5 are herein incorporated by reference in this Contract. 

  
 Page 21 of 24

  
 (9) Disputes concerning
labor standards. Disputes arising out of the labor standards provisions of this Contract shall not be subject to the general disputes clause of this Contract. Such disputes shall be resolved in accordance with the procedures of the Department of
Labor set forth in 29 CFR parts 5, 6, and 7. Disputes within the meaning of this clause include disputes between the Recipient, Subrecipient, the Contractor (or any of its subcontractors) and the contracting agency, the U.S. Department of Labor, or
the employees or their representatives. 
 (10) Certification of eligibility. 

(i) By entering into this Contract, the Contractor certifies that neither it (nor he or she) nor any person or firm who has an interest in
the Contractor’s firm is a person or firm ineligible to be awarded Government contracts by virtue of section 3(a) of the Davis-Bacon Act or 29 CFR 5.12(a)(1). 
 (ii) No part of this Contract shall be subcontracted to any person or firm ineligible for award of a Government contract by virtue of section 3(a) of the Davis-Bacon Act or 29 CFR 5.12(a)(1). 

(iii) The penalty for making false statements is prescribed in the U.S. Criminal Code, 18 U.S.C. 1001. 

(b) Contract Work Hours and Safety Standards Act. As used in this paragraph, the terms laborers and mechanics include watchmen and guards.

 (1) Overtime requirements. No Contractor or subcontractor contracting for any part of the Contract work which may require or
involve the employment of laborers or mechanics shall require or permit any such laborer or mechanic in any workweek in which he or she is employed on such work to work in excess of forty hours in such workweek unless such laborer or mechanic
receives compensation at a rate not less than one and one-half times the basic rate of pay for all hours worked in excess of forty hours in such workweek. 
 (2) Violation; liability for unpaid wages; liquidated damages. In the event of any violation of the clause set forth in paragraph (b)(1) of this section the Contractor and any subcontractor responsible
therefore shall be liable for the unpaid wages. In addition, such Contractor and subcontractor shall be liable to the United States (in the case of work done under contract for the District of Columbia or a territory, to such District or to such
territory), for liquidated damages. Such liquidated damages shall be computed with respect to each individual laborer or mechanic, including watchmen and guards, employed in violation of the clause set forth in paragraph (b)(1) of this section, in
the sum of $10 for each calendar day on which such individual was required or permitted to work in excess of the standard workweek of forty hours without payment of the overtime wages required by the clause set forth in paragraph (b)(1) of this
section. 
 (3) Withholding for unpaid wages and liquidated damages. The Department of Energy or the Recipient or Subrecipient
shall upon its own action or upon written request of an authorized representative of the Department of Labor withhold or cause to be withheld, from any moneys payable on account of work performed by the Contractor or subcontractor under any such
contract or any other Federal contract with the same prime Contractor, or any other federally-assisted contract subject to the Contract Work Hours and Safety Standards Act, which is held by the same prime contractor, such sums as may be determined
to be necessary to satisfy any liabilities of such Contractor or subcontractor for unpaid wages and liquidated damages as provided in the clause set forth in paragraph (b)(2) of this section. 

  
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 (4) Contracts and
Subcontracts. The Recipient, Subrecipient, and Recipient’s and Subrecipient’s contractor or subcontractor shall insert in any Contracts, the clauses set forth in paragraph (b)(1) through (4) of this section and also a clause requiring
the subcontractors to include these clauses in any lower tier subcontracts. The Recipient shall be responsible for compliance by any subcontractor or lower tier subcontractor with the clauses set forth in paragraphs (b)(1) through (4) of this
section. 
 (5) The Contractor or subcontractor shall maintain payrolls and basic payroll records during the course of the work
and shall preserve them for a period of three years from the completion of the Contract for all laborers and mechanics, including guards and watchmen, working on the Contract. Such records shall contain the name and address of each such employee,
social security number, correct classifications, hourly rates of wages paid, daily and weekly number of hours worked, deductions made, and actual wages paid. The records to be maintained under this paragraph shall be made available by the Contractor
or subcontractor for inspection, copying, or transcription by authorized representatives of the Department of Energy and the Department of Labor, and the Contractor or subcontractor will permit such representatives to interview employees during
working hours on the job. 
 RECIPIENT FUNCTIONS 
 (1) This delegation of Department of Energy (DOE) functions to the Recipient applies only to DBA effort performed by Subrecipients and Contractors under this award. Those functions are not delegated to
the Recipient for any DBA effort performed by employees of the Recipient under this award. On behalf of the Department of Energy (DOE), Recipient shall perform the following functions: 
 (a)        Obtain, maintain, and monitor all DBA certified payroll records submitted by the Subrecipients and Contractors at any tier under this Award; 

(b)        Review all DBA certified payroll records for compliance with DBA requirements, including applicable
DOL wage determinations; 
 (c)        Notify DOE of any non-compliance with DBA requirements by
Subrecipients or Contractors at any tier, including any non-compliances identified as the result of reviews performed pursuant to paragraph (b) above; 
 (d)        Address any Subrecipient and any Contractor DBA non-compliance issues; if DBA non-compliance issues cannot be resolved in a timely manner, forward
complaints, summary of investigations and all relevant information to DOE; 
 (e)        Provide DOE
with detailed information regarding the resolution of any DBA non-compliance issues; 

(f)        Perform services in support of DOE investigations of complaints filed regarding noncompliance by
Subrecipients and Contractors with DBA requirements; 
 (g)        Perform audit services as necessary
to ensure compliance by Subrecipients and Contractors with DBA requirements and as requested by the Contracting Officer; and 

(h)        Provide copies of all records upon request by DOE or DOL in a timely manner. 

(2) All records maintained on behalf of the DOE in accordance with paragraph (1) above are federal government (DOE) owned records. DOE or an
authorized representative shall be granted access to the records at all times. 
 (3)        In the
event of, and in response to any Freedom of Information Act, 5 U.S.C. 552, requests submitted to DOE, Recipient shall provide such records to DOE within 5 business days of receipt of a request from DOE. 

NETL SPECIAL TERMS AND CONDITIONS 

SUBRECIPIENT/SUBCONTRACT APPROVALS 

a.        At Risk Notice: The Recipient must obtain written approval by the Contracting Officer for reimbursement
of costs associated with subrecipient/subcontractors/activities listed in paragraph b. below. No funds shall be expended on the subcontracts supporting the tasks identified in paragraph b. below unless DOE approval is provided. DOE does not
guarantee or assume any obligation to reimburse costs incurred by the Recipient or subrecipient/subcontractor for these tasks, until approval is provided in writing by the Contracting Officer. 

  
 Page 23 of 24

  

b.        Contracting Officer approval as set out above is requested for the following anticipated
subcontractors/consultants: 
 Competitive selection of the following subcontractors under this agreement. The DOE Contracting Officer may
require detailed budget information concerning these selections prior to providing written approval. 
  

																			
	  	  	 Subcontractors/Consultants

Description
	  	Budget
Period 1
(10/01/2010)	 	  	Budget
Period 2
(04/01/2012)	 	  	Budget
Period 3
(10/01/2013)	 	  	Task(s)	 
	A	  	Design full-scale process equipment and conduct process modeling efforts	  	$	745,000	  	  	$	69,998	  	  	$	115,000	  	  	 	2	  
	B	  	Independent assessment of pilot performance and assessment of full-scale design	  	 	—  	  	  	 	—  	  	  	$	411,687	  	  	 	7,9	  
	C	  	Coordinate environmental regulation compliance and permitting	  	$	50,000	  	  	 	—  	  	  	 	—  	  	  	 	1	  
	D	  	Structural Engineering and Foundation Installation	  	$	100,000	  	  	$	225,000	  	  	 	—  	  	  	 	3,6	  
	E	  	Emissions testing and removal performance validation	  	 	—  	  	  	 	—  	  	  	$	30,000	  	  	 	7	  
	F	  	Fabrication and Installation of 1MW pilot at test location	  	 	—  	  	  	$	3,065,000	  	  				  	 	5,6	  
	G	  	Scale up of sorbent production process and sorbent cost reduction goals	  	 	—  	  	  	$	1,500,000	  	  	 	—  	  	  	 	4	  
	H	  	Design of stream circuitry to interface the plant with the 1MW pilot	  	$	30,000	  	  	 	—  	  	  				  	 	3	  
		  	Total Anticipated Costs	  	$	925,000	  	  	$	4,859,998	  	  	$	556,687	  	  			

 c.        Upon written approval by the Contracting Officer, the Recipient
may then receive payment for subcontract efforts with the selected and DOE approved subrecipient/subcontractor for allowable costs incurred, or DOE will recognize costs incurred toward cost share requirements, if any, in accordance with the payment
provisions contained in this agreement. 
 d.        Termination or Suspension: If the above
requirement is not fully complied with to the satisfaction of the Contracting Officer, the Contracting Officer may unilaterally terminate or suspend the activity proposed to be undertaken by the subrecipient/subcontractor. The Recipient agrees that
DOE has the unilateral right to deobligate the amounts obligated or to redirect the funding to other efforts. If an effort is terminated or suspended, the Recipient shall not be reimbursed for costs incurred which were incurred at the
Recipient’s risk as described in paragraph a. above. 
 HOST SITE AGREEMENT 
 Recipient shall provide a copy of the host-site agreement to DOE before any work is performed or any costs incurred at the host site location. 

  
 Page 24 of 24Agreement of Sale

  
 Exhibit 10.1

 AGREEMENT OF SALE 
 AGREEMENT OF SALE (this “Agreement”), dated as of October 15, 2010, between 70 HUDSON STREET, L.L.C., a New Jersey limited liability company, having an address c/o
Hartz Mountain Industries, 400 Plaza Drive, Secaucus, New Jersey 07096 (“70 Hudson”) and 70 HUDSON STREET URBAN RENEWAL ASSOCIATES, L.L.C., a New Jersey limited liability company, having an address c/o Hartz Mountain
Industries, 400 Plaza Drive, Secaucus, New Jersey 07096 (“70 Urban”) (70 Hudson and 70 Urban are collectively referred to herein sometimes as “Seller”) and RT 70 HUDSON, LLC, a Delaware limited
liability company, or its assignee as herein provided, having an address at c/o CB Richard Ellis Realty Trust, 47 Hulfish Street, Suite 210, Princeton, New Jersey 08542 (“Purchaser”). 

Preliminary Statement 
  

	A.	70 Hudson is the fee owner of the real property lying and being situated at 70 Hudson Street, in the City of Jersey City, County of Hudson, and State of New Jersey, as
more particularly described in Exhibit A attached hereto (the “Land”); 

  

	B.	70 Urban, has a leasehold estate in the Land pursuant to that certain lease dated as of October 1, 1999 by and between 70 Hudson (as landlord) and 70 Urban (as
tenant), a Memorandum of which was dated April 25, 2000 and recorded May 23, 2000 in Deed Book 5620 page 329, as corrected by that certain Correction Memorandum of Lease made by and between 70 Hudson (as landlord) and 70 Urban (as tenant)
dated as of February 22, 2001 and recorded March 8, 2001 in Deed Book 5768 Page 246 (the “Land Lease”); and 

  

	C.	70 Hudson, has a leasehold estate in the office building premises located on the Land pursuant to that certain Lease dated as of October 1, 1999 by and between 70
Urban (as landlord) and 70 Hudson (as tenant), a Memorandum of which was recorded May 23, 2000 in Deed Book 5620 page 333, as corrected by that certain Correction Memorandum of Lease made by and between 70 Urban (as landlord) and 70 Hudson (as
tenant) dated as of April 25, 2000 and recorded March 8, 2001 in Deed Book 5768 Page 251 (the “Building Lease”) 

 Seller desires to sell, convey, transfer and assign to Purchaser, and Purchaser desires to acquire from Seller, subject to the terms and conditions of this Agreement, the Property (as hereinafter
defined). 

  
 NOW, THEREFORE,
for and in consideration of the premises, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 

ARTICLE I 

Sale of Property 
 1.1 Sale of Property. Seller hereby agrees to sell, assign and convey to Purchaser and Purchaser agrees to purchase from Seller, all of Seller’s right, title and interest in and
to, the following: 
 1.1.1. Land and Improvements. The Land, together with the office building, parking garage
and other improvements appurtenant thereto (the “Improvements”). 
 1.1.2. Leases. All
leases, subleases, licenses and other occupancy agreements, to which Seller or its predecessor in title is a party, as landlord or tenant, together with any and all amendments, modifications or supplements thereto and guarantees thereof with
third-parties (hereafter referred to, collectively, as the “Leases”) affecting the Property, and all rents, additional rents, reimbursements, profits, income, and receipts attributable to the period following the Closing, and
subject to Section 4.2.4 below, the security deposits under such Leases (collectively, the “Leasehold Property”); 
 1.1.3. Real Property. All rights, privileges and easements appurtenant to Seller’s interest in the Land and the Improvements, if any, including, without limitation, all of Seller’s
right, title and interest, if any, in and to the Land Lease and the Building Lease all easements, licenses, permits, covenants and other rights-of-way or other appurtenances used in connection with the beneficial use and enjoyment of the Land and
the Improvements and all other rights, privileges and appurtenances owned by Seller, if any, and related to the rights and interests described above in this paragraph and used in connection with the Real Property (the Land, the Improvements and all
of said easements, appurtenances and other rights are sometimes collectively referred to herein as the “Real Property”); 
 1.1.4. Personal Property. All personal property (including equipment), if any, owned by Seller and located on the Real Property as of the date hereof, all inventory located on the Real
Property on the date of Closing (hereinafter defined), and all fixtures (if any) owned by Seller and located on the Real Property as of the date hereof (the “Personal Property”); 

1.15 Tax Abatements. The Tax Abatement Agreement (as hereinafter defined); and 

1.1.6. Intangible Property. All trademarks and trade names, if any, used or useful in connection with the Real Property or
the Leasehold Property, but only to the extent that the same are not trademarks or trade names of Seller or of any Seller’s affiliates (as hereinafter defined) (collectively, the “Trade Names”), any guarantees, licenses,
approvals, certificates, permits and warranties relating to the property (to the extent assignable), collectively, the “Intangible Property”); and all books, records, tenant data, leasing and marketing material, current rent
rolls, files, tenant financial statements, keys, plans (including CAD drawings), specifications, reports, and tests owned by Seller, which are used by Seller in the use and operation of the Real Property or Personal Property (collectively, the
“Books and Records”). 

  
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(The Real Property, the Leasehold Property, the Personal Property, the Tax Abatement Agreements, the Trade Names, the Intangible Property and the Books and Records are sometimes collectively
hereinafter referred to as the “Property”). 
 ARTICLE II 

Purchase Price 
 2.1 Purchase Price. The purchase price for the Property shall be $155,000,000.00 (the “Purchase Price”), payable as follows: 

(a) Purchaser shall pay the Deposit (as defined in Section 3.1) to Escrow Agent pursuant to Section 3.1 to be
held and disbursed by Escrow Agent pursuant to the provisions hereof; 
 (b) Upon closing of title, subject to the terms and
conditions of this Agreement, Purchaser shall assume the Mortgage Loan (as defined in Section 2.2 hereof) and the obligation to pay the Mortgage Loan from and after the Closing Date; and 

(c) The balance of Purchase Price (i.e. the Purchase Price of $155,000,000.00, less the sum of: (i) the unamortized principal
balance of the Mortgage Loan as of the Closing Date, and (ii) the Deposit), plus or minus prorations provided in this Agreement, shall be paid in cash to Seller at closing by wire transfer of immediately available funds to Seller or its
designees. 
 2.2 Assumption of Mortgage. Purchaser shall purchase the Property subject to the existing mortgage
and assume the mortgage loan (hereinafter the “Mortgage Loan”), pursuant to a Loan Agreement dated as of April 11, 2006, between 70 Hudson and 70 Urban (each, an “Individual Borrower” and collectively,
“Borrower”) and LEHMAN BROTHERS BANK, FSB, a federal stock savings bank, having an address at 1000 West Street, Suite 200, Wilmington, Delaware 19801 (“Lender”) (as amended, restated, replaced, supplemented or
otherwise modified from time to time, herein the “Loan Agreement”) provided, however, that the Lender approves in writing (i) the assumption pursuant to the applicable provisions of the Loan Documents (as hereinafter
defined) and (ii) the sale of the Property to Purchaser subject to the lien of Lender’s mortgage. As of October 8, 2010 the Mortgage Loan had a current balance of approximately $121,828,418.87 and escrow balances held by Lender under
the Mortgage Loan as of October 8, 2010 were as follows: approximately $219,239.62. Seller shall, subject to the provisions of Section 4.2.8 hereof, receive either a return of all escrows and reserves held in escrow by or for Lender
in connection with the Mortgage Loan or shall be reimbursed by Purchaser for the amount of such escrows and reserves at Closing (the loan documents executed in connection with the Mortgage Loan and all amendments, restatements, replacements
supplements and other modifications are described on Exhibit M attached hereto and incorporated herein by reference, and are herein referred to sometimes as the “Loan Documents”). Seller agrees, upon execution
of this Agreement, to diligently pursue Lender’s written approval of the Purchaser’s Loan assumption and to keep Purchaser informed with respect to its efforts to obtain the Initial Approval (as hereinafter defined) including providing
Purchaser with copies of all written 

  
 3 

 
correspondence provided to Lender, including but not limited to the written approval from the Lender when such approval has been granted (the “Initial Approval”).
Purchaser agrees to cooperate in pursuing and obtaining Lender’s written approval of the Purchaser’s Loan assumption and to keep Seller informed with respect to its efforts including providing Seller with copies of all written
correspondence provided to Lender, including but not limited to the Initial Approval if obtained by Purchaser. Seller shall promptly request the Initial Approval following the execution of this Agreement and shall use commercially reasonable efforts
to comply with (a) all reasonable requests and reasonable requirements of Lender in connection with obtaining the Initial Approval, including without limitation, the requirements set forth in the Loan Documents and (b) the terms and
conditions set forth in the Initial Approval so long as such terms and conditions are materially consistent with the Loan Documents or are market standard for loan assumptions of this type as of the date hereof. Upon receiving Initial Approval from
the Lender, the parties shall cooperate with each other to satisfy the Lender’s requirements consistent with the Loan Documents, including negotiation of an Assumption Agreement required by the Lender in connection with the Mortgage Loan (the
“Loan Assumption Agreement”) and other documents reasonably required by the Lender and consistent with the Loan Documents to reflect the assignment and assumption of the Mortgage Loan, including but not limited to the
execution and delivery by Purchaser (and where applicable under the Loan Documents CBRE as guarantor and/or indemnitor) of all applications, loan documents and other requirements of Lender consistent with the Loan Documents. Upon completion of such
negotiations and agreement by the Lender, Purchaser and Seller as to the necessary forms, the Seller shall notify Purchaser that the Lender is ready to proceed with the assumption (the “Lender’s Approval”).

 ARTICLE III 
 Deposit 
 3.1 Deposit. Within two (2) business days
after the execution of this Agreement and as a condition precedent to the effectiveness of this Agreement, Purchaser shall deposit One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) (the “Initial Deposit”)
with Chicago Title Insurance Company, or another title insurance company agreed upon by Seller and Purchaser (the “Escrow Agent”) in immediately available federal funds, the receipt of which is hereby acknowledged by Escrow
Agent’s execution hereof. Provided Purchaser shall not have terminated this Agreement pursuant to Section 5.1.1 hereof, within two (2) business days following the expiration of the Feasibility Period, as defined in
Section 5.1 of this Agreement, Purchaser shall deposit an additional Three Million and 00/100 Dollars ($3,000,000.00) (the “Additional Deposit”) with Escrow Agent in immediately available federal funds (the
Initial Deposit, together with the Additional Deposit, is hereinafter collectively referred to as the “Deposit”). 
 3.2. Application Upon Default. If the Closing occurs, the Deposit (excluding the interest thereon which shall be the property of Purchaser) shall be paid to Seller and credited against the
Purchase Price at Closing. If the Purchaser defaults in its obligation to purchase the Property (as determined in accordance with the terms hereof), the Deposit (including the interest thereon) shall be held and delivered as hereinafter provided in
this Agreement in Article 13 hereof. 

  
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 3.3. Interest
Bearing. The Deposit shall be invested in a registered money market fund investing exclusively in United States Government Treasuries. To allow the interest bearing account to be opened, Purchaser’s tax identification or social security
number is set forth below its signature. 
 3.4. Escrow Agent. Escrow Agent is executing this Agreement to
acknowledge Escrow Agent’s responsibilities hereunder, which may be modified only by a written amendment signed by all of the parties, and as provided above, to acknowledge receipt of the Initial Deposit. Any amendment to this Agreement that is
not signed by Escrow Agent shall be effective as to the parties thereto, but shall not be binding on Escrow Agent. Escrow Agent shall accept the Deposit with the understanding of the parties that Escrow Agent is not a party to this Agreement except
to the extent of its specific responsibilities hereunder, and does not assume or have any liability for the performance or non-performance of Purchaser or Seller hereunder to either of them. Additional provisions with respect to the Escrow Agent are
set forth in Section 17.15. 
 ARTICLE IV 

Closing, Prorations and Closing Costs 
 4.1 Closing. Subject to the terms of Article 16 herein, the Closing shall occur, not later than 4 p.m. (New York local time) on the date which is fifteen (15) days after the
latest to occur of: (i) the expiration of the Feasibility Period, (ii) the Tax Abatement Approval Date (as hereinafter defined), (iii) Purchaser’s receipt notice from Seller of Lender’s Approval, (iv) Purchaser’s
receipt of the executed Tenant Estoppel Certificate and Association Estoppel Certificate in the form required herein and (v) the satisfaction, or written waiver by Purchaser, of the conditions to Closing described in Section 10.2,
through a customary closing escrow arrangement with the Escrow Agent reasonably acceptable to the parties. “Closing” shall be deemed to occur when the Purchase Price is paid and the Escrow Agent has been instructed by Seller
and Purchaser to release escrow and record the Deed. The date of Closing is referred to herein as the “Closing Date.” In the event the Closing does not occur and this Agreement is terminated pursuant to the provisions hereof,
the Deposit shall, except as other than as provided in this Agreement with regard to a default or breach by Purchaser, be returned to Purchaser. Notwithstanding anything herein to the contrary (including specifically, without limitation, the
provisions of Section 5.2, Section 5.3 and Section 17.19), if Closing has not occurred on or before March 31, 2011 for any reason other than a default or breach of this Agreement by Purchaser, Purchaser, in
its sole discretion, may cancel this Agreement whereupon Purchaser shall be entitled to the return of the Deposit, together with all interest earned thereon. 
 4.2. Prorations. All matters involving prorations or adjustments to be made in connection with Closing and not specifically provided for in some other provision of this Agreement shall be
adjusted in accordance with this Section 4.2. 

  
 5 

  
 Except as otherwise
set forth herein, all items to be prorated pursuant to this Section 4.2 shall be prorated as of midnight of the day immediately preceding the Closing Date, with Purchaser to be treated as the owner of the Property, for purposes of
prorations of income and expenses, on and after the Closing Date. 
 4.2.1. Taxes. Real estate and personal
property taxes (and/or payments in lieu thereof, sometimes referred to as “Pilot Payments”) and special assessments (including, specifically, without limitation, property owner’s association payments), if any, shall be
prorated as of the Closing Date. Except to the extent payable by tenants other than affiliates of Seller (herein referred to sometimes as “Third Party Tenants”) of the Property pursuant to their leases, Seller shall pay (or
credit to Purchaser at Closing if a bill therefore has not issued) at or prior to Closing all real estate, personal property taxes, Pilot Payments and special assessments (including, specifically, without limitation, property owner’s
association payments) attributable to the Property to, but not including, the Closing Date. Special assessments for work completed on or prior to the Closing Date shall be paid by Seller. Special assessments for work completed after the Closing Date
shall be paid by Purchaser. If the real estate, Pilot Payments, personal property tax rate and assessments (including, specifically, without limitation, property owner’s association payments), have not been set for the year in which the Closing
occurs, then the proration of such taxes shall be based upon the rate and assessments for the preceding tax year and such proration shall be adjusted in cash between Seller and Purchaser upon presentation of written evidence that the actual taxes
paid for the year in which the Closing occurs differ from the amounts used in the Closing in accordance with the provisions of Section 4.2.5 hereof. Purchaser acknowledges that land taxes are not abated, but may be included as a credit
on, or deduction in the calculation of, Pilot Payments. Any credit on, or deduction on the calculation of, Pilot Payments for land taxes paid by Seller prior to Closing for periods after Closing (including but not limited to credit on, or deduction
in the calculation of, Pilot Payments paid after Closing) shall be credited to Seller at Closing. Notwithstanding anything contained herein to the contrary, to the extent that any payments for real estate taxes (including but not limited to Pilot
Payments (including, specifically, without limitation, property owner’s association payments)) have been made prior to Closing by tenants of the Property (either directly or through the application of escrows collected from such tenants by
Seller as landlord) covering periods from and after the Closing, such advance payments shall not be credited to Seller at Closing pursuant to this paragraph, but shall be adjusted as between Purchaser and such Third Party Tenants in accordance with
the Third Party Tenant’s leases. 
 4.2.2. Insurance. There shall be no proration of Seller’s insurance
premiums or assignment of Seller’s insurance policies. 
 4.2.3. Utilities and Contracts. Purchaser and
Seller hereby acknowledge and agree that the amounts of all telephone, electric, sewer, water and other utility bills, trash removal bills, janitorial and maintenance service bills and all other operating expenses relating to the Property and
allocable to the period prior to the Closing Date shall be determined and paid by Seller before Closing, if possible, or shall be paid thereafter by Seller or adjusted between Purchaser and Seller immediately after the same have been determined.
Seller shall attempt to have all utility meters read as of the Closing Date. Purchaser shall cause all utility services to be placed in Purchaser’s name, or the name of the tenants of the Property, as of the Closing Date. If

  
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permitted by the applicable utilities, all utility deposits in Seller’s name shall be assigned to Purchaser as of the Closing Date and Seller shall receive a credit therefore at Closing.
Amounts payable and/or paid pursuant to all service, equipment, supply and maintenance contracts regarding the Property (collectively, the “Contracts”), if assumed by Purchaser at Closing, shall be apportioned as of Closing.
If the Contracts are assigned to Purchaser, Seller shall be responsible for all matters attributable to the period prior to Closing and indemnify Purchaser for such matters and Purchaser shall be responsible for all matters attributable to the
period following Closing and shall indemnify Seller for such matters. The Contracts, shall, if requested by Purchaser upon not less than thirty (30) business days prior written notice to Seller prior to the Closing Date, be terminated by Seller
effective as of the Closing. All Contracts not terminated shall be assigned by Seller to Purchaser and assumed by Purchaser at Closing. Those two (2) certain Management Agreements entered into between Seller and Hartz Mountain Industries Inc.
each dated May 8, 2003 shall be terminated by Seller effective as of the Closing Date. 
 4.2.4. Rents. Rents
(including, without limitation, estimated pass-through payments, payments for parking, payments for common area maintenance reconciliations and all additional charges payable by tenants under the Leases) (collectively,
“Rents”) through the end of the month in which Closing occurs shall be prorated as of the Closing Date. During the period after Closing, Purchaser shall deliver to Seller any and all Rents accrued but uncollected as of the
Closing Date to the extent subsequently collected by Purchaser within five (5) business days of receipt of such Rents; provided, however, Purchaser shall apply Rents received after Closing first to payment of current Rent then due, and
thereafter to delinquent Rents (other than “true up” payments received from tenants attributable to a year-end reconciliation of actual and budgeted pass-through payments which shall be allocated among Seller and Purchaser pro rata in
accordance with their respective period of ownership as set forth in Section 4.2.5 below). Purchaser agrees that it shall use commercially reasonable efforts to collect all pass-through rents payable by tenants and any delinquent Rents
(provided, however, that Purchaser shall have no obligation to institute legal proceedings, including an action for unlawful detainer, against a tenant owing delinquent Rents). 

4.2.5. Calculations. For purposes of calculating prorations, Purchaser shall be deemed to be in title to the Property, and,
therefore entitled to the income therefrom and responsible for the expenses thereof for the entire day upon which the Closing occurs. All such prorations shall be made on the basis of the actual number of days of the month which shall have elapsed
as of the day of the Closing and based upon the actual number of days in the month and a three hundred sixty five (365) day year. The amount of such prorations shall be initially performed at Closing but shall be subject to adjustment in cash
after the Closing as and when complete and accurate information becomes available, if such information is not available at the Closing. Seller and Purchaser agree to cooperate and use their best efforts to make such adjustments no later than sixty
(60) days after the Closing (or as soon thereafter as may be practicable, with respect to common area maintenance, payments for parking and other additional rent charges (including without limitation, pass-throughs for real estate and personal
property taxes, Pilot Payments, assessments and special assessments) payable by Third Party Tenants under their leases). Except as set forth in this Section 4.2, all items of income and expense which accrue for the period prior to the
Closing will be for the account of Seller and all items of income and expense which accrue for the period on and after the Closing will be for the account of Purchaser. 

  
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 4.2.6. Leasing
Commissions and Leasing Costs. Seller shall be responsible for all leasing and brokerage commissions with respect to the current lease terms of Leases executed prior to the Effective Date. There are no leasing commission agreements which
would bind the Purchaser after the Closing. 
 4.2.7. Prepaid Items. The following prepaid annual inspection and
permit fees and other fees shall be apportioned between the Seller and the Purchaser at Closing: None. 
 4.2.8. Tax and
Repair Escrows. At Closing, all escrows with the Lender, except as provided in Section 4.2.6, shall be pro-rated and Seller shall receive either (a) a return of its portion of any escrows established with Lender for repairs,
taxes and insurance, or (b) a credit from Purchaser for its portion of such escrows. 
 4.2.9. Colgate Center
Property Owners Association. All payments and deposits with respect to the Property with the Colgate Center Property Owner’s Association shall be prorated as of the Closing Date. 

4.2.10. Other Prorations. All other items of income and expense, if any, commonly pro-rated and adjusted in
Hudson County, New Jersey commercial real estate closings including, without limitation, interest on the Mortgage Loan shall be apportioned between Purchaser and Seller at Closing. 

The provisions of Section 4.2 shall survive the Closing. 

4.3. Closing Costs. Seller shall pay any realty transfer tax or fee payable by sellers pursuant to applicable law in
connection with the conveyance of the Real Property to Purchaser, including, without limitation, the realty transfer taxes payable under N.J.S.A. 45:15-7 and N.J.S.A. 45:15-7.1, as amended. Seller shall pay any realty transfer tax or fee payable by
buyers under applicable law in connection with the conveyance of the Real Property to Purchaser, including but not limited to any tax or fee pursuant to Chapter 33 of the Laws of 2006 (NJSA 45:15-7.2), as amended, the so-called “Mansion
Tax”, and all title charges and premiums, and the fees for recording the Deed. Purchaser shall pay the title insurance premiums for a title insurance policy issued by the Title Company (as hereinafter defined) pursuant to the Commitment (as
hereinafter defined) as set forth in Section 10.3.5 hereof. Purchaser shall pay all costs associated with Purchaser’s due diligence. Each party shall be responsible for its own attorney’s fees. Any escrow fees charged by the
Escrow Agent to accommodate an escrow closing shall be shared equally by Purchaser and Seller. 
 4.4. Bulk Sales
Tax. Purchaser shall have the right to comply with N.J.S.A. 54:32B-22(c) and N.J.S.A. 54:50-38 by delivering a Notification of Sale, Transfer, or Assignment in Bulk (Form C-9600) (the “Tax Notification”)
to the Director of the Division of Taxation of the State of New Jersey Department of the Treasury (the “Director”) by registered or certified mail or overnight delivery at least ten (10) days prior to Closing. Seller
shall cooperate in connection with such compliance and shall provide all information necessary for Purchaser to complete the 

  
 8 

 
Tax Notification, including, but not limited to, completion and filing of the Asset Transfer Tax Declaration Form (Form TTD) with the Director. If the Director informs Purchaser that a possible
claim for taxes, including any interest and penalties thereon, exists (the “Claim”) and the maximum amount thereof (the “Deficiency”), then Purchaser and Seller shall Close as scheduled and without
delay, and Purchaser shall withhold the portion of the Purchase Price equal to the amount of the Deficiency (the “Tax Escrow”), which Tax Escrow shall be held pursuant to an escrow agreement with the Bulk Sales Tax Escrowee
(as hereinafter defined) in a form reasonably acceptable to Purchaser and Seller. The escrowee with respect to the Bulk Sales Tax Escrow shall be the Escrow Agent (“Bulk Sales Tax Escrowee”). If, after Closing,
the Director directs payment of all or any portion of the Deficiency on behalf of Seller, then Purchaser shall direct Bulk Sales Tax Escrowee to release to the Division of Taxation such amount from the Tax Escrow. If the Director informs Purchaser
that the Deficiency has been fully paid or that Purchaser has no further liability for the Deficiency, then Purchaser shall direct Bulk Sales Tax Escrowee to release such difference to Seller. If the Director gives notice to Purchaser that Seller is
liable for taxes, including interest and penalties thereon, in an amount that is greater than the Tax Escrow, Seller shall promptly pay the difference to the Division of Taxation and shall provide Purchaser with evidence thereof. Notwithstanding
anything to the contrary contained herein, Seller shall have the right to negotiate with the Director regarding the Claim and the Deficiency; provided, however, that (i) Purchaser and Bulk Sales Tax Escrowee shall be entitled to comply with all
instructions of the Director, (ii) the Closing shall not be delayed as a result thereof. Under no circumstances shall Closing occur until the Seller and Purchaser are in receipt of a direction letter from the Director. 

ARTICLE V 

Purchaser’s Right of Inspection; Feasibility Period; Contingencies 

5.1. Right to Evaluate. Commencing on the Effective Date and continuing until 5:00 PM (New York local time) on the date
which is the ten (10) business days following the Effective Date (the “Feasibility Period”), Purchaser and its agents shall have the right during business hours (with reasonable advance notice to Seller and subject to
the rights of the tenants in possession), at Purchaser’s sole cost and expense and at Purchaser’s and its agents’ sole risk, to perform inspections and tests of the Property and to perform such other analyses, inquiries and
investigations as Purchaser shall deem necessary or appropriate including without limitation, engineering studies, Phase I environmental studies, lease reviews, tenant credit reviews and tenant interviews (herein the
“Inspections”); provided, however, that in no event shall (i) such inspections or tests unreasonably disrupt or disturb the on-going operation of the Property or the rights of the tenants at the Property, or
(ii) Purchaser or its agents or representatives conduct any physical testing, drilling, boring, sampling or removal of, on or through the surface of the Property (or any part or portion thereof) including, without limitation, any ground borings
or invasive testing of the land, building or improvements (collectively, “Physical Testing”), without Seller’s prior written consent, which consent may be given or withheld in Seller’s reasonable discretion. In the
event Purchaser desires to conduct any such Physical Testing of the Property, then Purchaser shall submit to Seller, for Seller’s approval, a written detailed description of the scope and extent of the proposed Physical Testing, which approval
may be given or withheld in Seller’s reasonable discretion. In no event shall Seller be obligated as a 

  
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condition of this transaction to perform or pay for any environmental remediation of the Property recommended by any such Physical Testing. After making such tests and inspections, Purchaser
agrees to promptly restore the Property to a condition comparable to its condition prior to such tests and inspections (which obligation shall survive any termination of this Agreement). Prior to Purchaser entering the Property to conduct the
inspections and tests described above, Purchaser shall obtain and maintain, at Purchaser’s sole cost and expense, and shall deliver to Seller evidence of, the following insurance coverage, and shall cause each of its agents and contractors to
obtain and maintain, and, upon request of Seller, shall deliver to Seller evidence of, the following insurance coverage: general liability insurance, from an insurer reasonably acceptable to Seller, in the amount of One Million and No/100 Dollars
($1,000,000.00) combined single limit for personal injury and property damage per occurrence, such policy to name Seller as an additional insured party, which insurance shall provide coverage against any claim for personal liability or property
damage caused by Purchaser or its agents, employees or contractors in connection with such inspections and tests. Seller shall have the right, in its discretion, to accompany Purchaser and/or its agents during any inspection provided Seller or its
agents do not unreasonably interfere with Purchaser’s inspection. Seller shall continue to permit Purchaser access to the Property after the expiration of the Feasibility Period through Closing if requested by Purchaser in connection with
Purchaser’s Inspections; however such additional period of access, if any, shall not extend the Feasibility Period. Purchaser and its agents shall use their reasonable efforts not to disrupt the on-going operation of the Property or the rights
of the tenants at the Property. 
 5.1.1 Purchaser’s Feasibility Period Determination to Terminate or to
Proceed. Purchaser agrees to provide written notice to Seller and Escrow Agent before the end of the Feasibility Period if it does not desire to acquire the Property for any reason or for no reason in its sole discretion (herein, the
“Purchaser Termination Notice”). Notwithstanding anything contained in Section 17.1 to the contrary, such Purchaser Termination Notice may be sent via e-mail (and/or such other acceptable mode of transmission
pursuant to Section 17.1), so as to be received by Seller before the end of the Feasibility Period. In the event that Purchaser shall elect to terminate this Agreement pursuant to this Section 5.1, subject to the Surviving
Termination Obligations (as hereinafter defined), this Agreement shall terminate, the Deposit (including the interest thereon) shall promptly be delivered to Purchaser and thereupon neither party shall have any further rights or obligations to the
other hereunder. If Purchaser shall fail to timely notify Seller in writing of its determination under this Section 5.1 on or before the expiration of the Feasibility Period, time being of the essence, Purchaser shall be deemed to have
waived its right to terminate this Agreement pursuant to the terms of this Section 5.1. 
 5.2. Tax Abatement
Transfer Contingency. If the Tax Abatement Approval (as defined in Section 10.3.1 hereof) is not granted and the Tax Abatement Approval Date (as defined in Section 10.3.1 hereof) does not occur on or before
March 31, 2011 (the period from the expiration date of the Feasibility Period through and including March 31, 2011 being referred to herein as the “Additional Condition Period”), then Seller and Purchaser shall each
have the right to terminate this Agreement upon notice to the other party at any time thereafter and prior to the Tax Abatement Approval Date. Unless Seller elects (in its sole discretion) to waive this condition, if the City of Jersey City fails or
refuses to release Seller and its affiliates from any of their obligations with respect to the Tax Abatement with regard to the Property accruing after the Closing Date, then the Tax Abatement Approval Date shall be deemed not to have occurred.

  
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 5.3. Mortgage
Loan Assumption Contingency. If Lender does not deliver the Lender’s Approval on or before the expiration of the Additional Condition Period, then Seller and Purchaser shall each have the right to terminate this Agreement upon
notice to the other party at any time thereafter and prior to the date Lender consents to the Loan Assignment and Assumption. If Lender fails or refuses to release Seller and any of its Seller Related Entities from any of their obligations with
respect to the Mortgage Loan (including but not limited to any non-recourse carve-outs or guaranties or indemnifications) as required pursuant to the terms of the Loan Documents accruing after the Closing Date, then Lender shall be deemed not to
have given the Lender’s Approval. 
 5.4. Inspection Obligations and Indemnity. Purchaser and its agents and
representatives shall: (a) not interfere with the operation and maintenance of the Real Property; (b) not damage any part of the Property or any personal property owned or held by any tenant; (c) not injure or otherwise cause bodily
harm to Seller, its agents, contractors and employees or any tenant; (d) promptly pay when due the costs of all tests, investigations and examinations done with regard to the Property; (e) not permit any liens to attach to the Property by
reason of the exercise of its rights hereunder; (f) restore the Improvements and the surface of the Real Property to substantially the same the condition in which the same was found before any such inspection or tests were undertaken; and
(g) not reveal or disclose any information obtained during the Feasibility Period concerning the Property to anyone except in compliance with Section 15.1. Purchaser shall, at its sole cost and expense, comply with all applicable
federal, state and local laws, statutes, rules, regulations, ordinances or policies in conducting its inspection of the Property and Physical Testing. Purchaser shall, and does hereby agree to indemnify, defend and hold the Seller, its partners,
officers, directors, employees, agents, attorneys and their respective successors and assigns, harmless from and against any and all claims, demands, suits, obligations, payments, damages, losses, penalties, liabilities, costs and expenses
(including but not limited to attorneys’ fees) arising out of Purchaser’s or Purchaser’s agents actions taken in, on or about the Property in the exercise of the inspection right granted pursuant to Section 5.1, including,
without limitation, (i) claims made by any tenant against Seller for Purchaser’s entry into such tenant’s premises or any interference with any tenant’s use or damage to its premises or property in connection with
Purchaser’s review of the Property, and (ii) Purchaser’s obligations pursuant to this Section 5.4, provided, however, that the indemnification required pursuant to this Section 5.4 shall not cover (i) the
cost of cleanup or remediation of any pre-existing environmental conditions disclosed by any such Inspections and/or Physical Testing unless due to the negligent acts or omissions or willful misconduct of Purchaser or Purchaser’s agents and/or
contractors, or(ii) matters caused solely by the negligent or wrongful action of Seller or any of Seller’s agents. This Section 5.4 shall survive Closing and any termination of this Agreement. 

5.5. Seller Deliveries. Seller and Purchaser acknowledge and agree that Seller has delivered to Purchaser or made available
at the Property certain items with respect to Purchaser’s review (the “Due Diligence Documents”); provided, however, Seller makes no representations or warranties of any kind regarding the accuracy,
thoroughness or completeness of or conclusions drawn in the information contained in such documents, if any, relating to the 

  
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Property. Purchaser hereby waives any and all claims against Seller arising out of the accuracy, completeness, conclusions or statements expressed in materials so furnished and any and all claims
arising out of any duty of Seller to acquire, seek or obtain such materials. Notwithstanding anything contained herein to the contrary, Seller shall not be required to deliver or make available to Purchaser Seller’s attorney-client materials,
including but not limited to privileged materials, internal appraisals, draft reports, and economic evaluations of the Property. Purchaser acknowledges that any and all of the Due Diligence Documents that are not otherwise known by or available to
the public are proprietary and confidential in nature and will be delivered to Purchaser solely to assist Purchaser in determining the feasibility of purchasing the Property. Purchaser agrees not to disclose such non-public Due Diligence Documents,
or any of the provisions, terms or conditions thereof, prior to Closing to any party outside of Purchaser’s organization other than the Authorized Representatives and except as otherwise provided in Section 15.1. Purchaser shall
return all of the Due Diligence Documents other than those provided in an electronic format including specifically any such Due Diligence Documents on Purchaser’s systems, on or before three (3) business days after the first to occur of
(a) such time as Purchaser notifies Seller in writing that it shall not acquire the Property, or (b) such time as this Agreement is terminated for any reason. The provisions of the immediately preceding sentence of this
Section 5.5 shall survive any termination of this Agreement without limitation. Seller agrees, at no cost or expense to Seller, and without expanding Seller’s obligations or liabilities, to use reasonable efforts to cooperate with
any reasonable written requests of Purchaser if any, for additional information, if available; provided however that Seller’s obligation to cooperate pursuant to this paragraph shall not survive the Closing. 

5.6. Independent Examination. Purchaser hereby acknowledges that it has been, or will have been given, prior to the
termination of the Feasibility Period, a full, complete and adequate opportunity to make such legal, factual and other determinations, analyses, inquiries and investigations as Purchaser deems necessary or appropriate in connection with the
acquisition of the Property. Purchaser is relying upon its own independent examination of the Property and all matters relating thereto and not upon any statements of Seller (excluding the limited matters expressly represented by Seller herein) or
of any officer, director, employee, agent or attorney of Seller with respect to acquiring the Property. Seller shall not be deemed to have represented or warranted the completeness or accuracy of any studies, investigations and reports heretofore or
hereafter furnished to Purchaser. The provisions of this Section 5.6 shall survive Closing and/or termination of this Agreement. 
 ARTICLE VI 
 Title and Survey Matters 

6.1. Title. (a) Purchaser acknowledges that Seller has requested a survey of the Real Property by the firm of Dresdner
Robin or another licensed surveyor reasonably acceptable to Seller and Purchaser (the “New Survey”). Seller shall provide, or cause to be provided, copies of the New Survey to Purchaser within two (2) business days after
receipt thereof. Seller acknowledges that Purchaser has obtained from Chicago Title Insurance Company (the “Title Company”) a commitment for title insurance dated August 31, 2010, amended as of October 13, 2010
covering the Real Property in the amount of the Purchase Price (herein the “Commitment”) a copy of which Commitment has been provided to Seller. 

  
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 (b) Purchaser shall
notify Seller in writing no later than the expiration of the Feasibility Period (herein the “Title and Survey Review Period”), of any title exceptions identified in the Commitment or survey matters identified in that certain
survey prepared by Hanson Engineering dated February 17, 2006 (the “Existing Survey”) (or survey matters appearing on the New Survey, if the New Survey is provided to Purchaser four (4) days prior to the expiration
of the Feasibility Period), which Purchaser disapproves and which adversely affects the marketability and/or financeability of the Property (the “Title and Survey Objection Notice”). Any title exception identified in the
Commitment or matter disclosed on the Existing Survey (or the New Survey if the New Survey is provided to Purchaser four (4) days prior to the expiration of the Feasibility Period) not disapproved in writing in Purchaser’s Title and Survey
Objection Notice within said time period shall be deemed approved by Purchaser and shall constitute a “Permitted Exception” hereunder. 
 (c) Purchaser and Seller hereby agree that (i) all non-delinquent property taxes and assessments, (ii) all matters created by, through or under Purchaser, including, without limitation, any
documents or instruments to be recorded as part of the Mortgage Loan assumption for the acquisition of the Property by Purchaser, and (iii) local, state and federal laws, ordinances or governmental regulations, including, but not limited to,
building and zoning laws, ordinances and regulations, now or hereafter in effect relating to the Property, shall constitute “Permitted Exceptions”. Without Seller’s prior written consent, which shall not be unreasonably
withheld or delayed, Purchaser, prior to the date of Closing, shall not make any application to any governmental agency for any permit, approval, license or other entitlement for the Property or the use or development thereof. 

(d) If Purchaser, subsequent to the expiration of the Feasibility Period, but prior to Closing, discovers (i) any new title
exceptions which are not otherwise set forth in the Commitment and/or Existing Survey which in Purchaser’s reasonable discretion have a material adverse effect on the economic operations of the Property and/or the marketability and/or
financeability of the Property (other than matters created by Purchaser, its agents or consultants) (herein a “New Title Exception”), or (ii) if the New Survey is not provided to Purchaser prior to four (4) business
days prior to the expiration of the Feasibility Period, any new survey matters which appear on the New Survey but did not appear on the Existing Survey or in the Commitment, which in Purchaser’s reasonable discretion have a material adverse
effect on the economic operations of the Property and/or the marketability and/or financeability of the Property (other than matters created by Purchaser, its agents or consultants) (herein a “New Survey Exception”),
Purchaser shall, within five (5) business days of Purchaser’s discovery of such New Title Exception, and with respect to any New Survey Exception, within four (4) business days of Purchaser’s receipt of the New Survey, but in no
event with respect to any New Title Exception, or New Survey Exception, later than five (5) business days prior to the scheduled Closing Date (except in regard to said matters discovered during the seven (7) business days prior to the
scheduled Closing Date shall not be required to provide notice five (5) business days prior to the scheduled Closing Date, but shall be required provide prior notice), deliver to Seller a subsequent notice setting forth any such matters to
which Purchaser objects. 

  
 13 

  
 (e) Within ten
(10) days after delivery to Seller of any such notice of objections (including, but not limited to any raised in a Title and Survey Objection Notice or notice of objection to a New Tile Exception or a New Survey Exception pursuant to paragraphs
(a), (b) or (d) of this Section 6.1)), Seller shall notify Purchaser in writing of any disapproved title exceptions or survey matters which Seller is unable or unwilling to cause to be removed, corrected or insured against prior to or
at Closing and, with respect to such objections, Purchaser then shall elect, by giving written notice to Seller within three (3) business days thereafter, (x) to terminate this Agreement whether prior to or after the expiration of the
Feasibility Period as herein permitted, or (y) to waive its disapproval of such objections, in which case such objections shall then be deemed to be Permitted Exceptions. Purchaser’s failure to give such notice shall be deemed an election
to waive the disapproval of any such objection. In the event Purchaser elects to terminate this Agreement in accordance with clause (x) above, the Deposit (including the interest thereon) shall be immediately refunded to Purchaser.
Notwithstanding anything to the contrary, in no event shall Seller be obligated to remove or cure any title exceptions or survey matters, except only that Seller shall be obligated to remove (or cause the Title Company to affirmatively insure
against) at Seller’s sole cost and expense (i) any mortgages and/or deeds of trust (other than the Mortgage Loan which is the subject to assumption by Purchaser), and (ii) any other voluntary monetary liens (other than insured or
bonded liens or claims) created by Seller, whether or not shown on the Commitment, without the requirement that Purchaser notify Seller of such matters or that the same are objections to title (collectively, the “Seller Title Cure
Obligations”). 
 ARTICLE VII 
 Representations and Warranties of the Seller 
 7.1. Seller’s
Representations. Seller’s knowledge shall not include any implied, imputed or constructive knowledge of Seller’s Representative and shall not constitute any representation that Seller’s Representative has made or is obligated
to make any independent investigation or has any implied duty to investigate) (for purposes of this Agreement and any document delivered at Closing, whenever the phrases “to the best of Seller’s knowledge,” “to the current,
actual, knowledge of Seller,” or the “knowledge” of Seller or words of similar import are used, they shall be deemed to refer only to the current, actual, knowledge only, of Constantino T. Milano and Mark Killough and Timothy Tracy
(“Seller’s Representative”). Seller represents and warrants that the following matters are true and correct as of the Effective Date with respect to the Property: 

7.1.1. Authority. Seller is a limited liability company duly organized, validly existing and in good standing under the
laws of the State of New Jersey. This Agreement has been duly authorized, executed and delivered by Seller, is the legal, valid and binding obligation of Seller, and does not violate any provision of any agreement or judicial order to which Seller
is a party or to which Seller is subject. All documents to be executed by Seller which are to be delivered at Closing, will, at the time of Closing, (i) be duly authorized, executed and delivered by Seller, (ii) be legal, valid and binding
obligations of Seller, and (iii) not violate any provision of any agreement or judicial order to which Seller is a party or to which Seller is subject. 

  
 14 

  
 7.1.2.
Bankruptcy or Debt of Seller. Seller has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy, admitted in writing its inability to pay its debts as they come due or made an offer of
settlement, extension or composition to its creditors generally. Seller has received no written notice of (a) the filing of an involuntary petition by Seller’s creditors, (b) the appointment of a receiver to take possession of all, or
substantially all, of Seller’s assets, or (c) the attachment or other judicial seizure of all, or substantially all, of Seller’s assets. 
 7.1.3. Foreign Person. Seller is not a foreign person within the meaning of Section 1445(f) of the Internal Revenue Code, and Seller agrees to execute any and all documents necessary or
required by the Internal Revenue Service or Purchaser in connection with such declaration(s). 
 7.1.4.
Leases. Exhibit B contains a complete list of the Leases, including all amendments, guarantees thereof and security deposits, if in the form of a financial instrument (e.g. letter of credit) which, together with the Land
Lease and the Building Lease constitute the only material Third Party Leases, or license or other written agreement for the use or occupancy of the Property to which Seller is a party and which will be binding on Purchaser following Closing, except
to the extent of any terminations or modifications of the Leases entered into or occurring after the date hereof and except for any new leases or agreements entered into after the date hereof (all of which must be consented to in writing by the
Purchaser). Attached hereto as Exhibit B is a rent roll in regard to the Leases (the “Rent Roll”). Additionally, as of the date hereof, in regard to the Leases, Seller represents that (i) neither Seller, nor to the best
of Seller’s knowledge, any tenant is in default under any of the Leases; (ii) all payments of rent are current unless otherwise noted as set forth on the statements attached hereto as Exhibit C; (iii) the tenants have not paid rent
more than one (1) month in advance; (iv) to the best of Seller’s knowledge, the Leases are in full force and effect; (v) to the best of Seller’s knowledge, Seller, has to date discharged all of its material obligations
pursuant to the Leases and has not undertaken any construction obligation with respect to the Property, other than as contained in the Leases, which will be binding upon Purchaser; (vi) Seller has no obligation to make any payment to the
tenants pursuant to the Leases or any other agreement (except non-delinquent customary reconciliations as required pursuant to the Lease not yet due and payable); (vii) to the best of Seller’s knowledge the tenants have no offsets, or
right to make deduction against rent and/or additional rent other than as set forth in the Leases or by law; (viii) the tenants do not have any option, right of first offer, right of first refusal or any other agreement to acquire the Property
or any interest therein or any interest in Seller, except as may be set forth in the Leases; (ix) Seller has either delivered or made available to Purchaser or its representatives, Seller’s files containing correspondence from the tenants
in Seller’s possession, custody or control, (x) there are no subleases entered into by third-party tenants presently encumbering the Property to which Seller has consented or of which Seller has received written notice from the tenants,
except as set forth on Exhibit B, (xi) there are no unpaid outstanding leasing commissions currently due by Seller with respect to the Leases, (xii) all tenant improvement allowances, if any, payable by Seller with respect to the Leases
have been paid to the tenants and (xiii) all tenant improvement work required under the Leases to be performed by Seller to date, if any, has been performed. As of the date hereof, copies of the Leases delivered to Purchaser by Seller are true
and complete copies of such Leases. As of the date hereof, the information on the Rent Roll is true and correct in all material respects. 

  
 15 

  
 7.1.5.
Contracts. The Contracts described on Exhibit O are true, correct and complete list of all Contracts to which Seller is a party which affect the Property. As of the date hereof, copies of the Contracts delivered to Purchaser by
Seller pursuant to this Agreement are true and complete copies of such Contracts. 
 7.1.6. Litigation.
Except as may be set forth on Exhibit I, there are no actions, suits or proceedings (including, but not limited to, bankruptcy) pending of which Seller has received notice or, to Seller’s knowledge, are threatened against the Seller or
the Property. 
 7.1.7. Violations of Law. Except as expressly set forth in this Agreement, Seller has not
received any written notice or copy of notice from any governmental agency or other government instrumentality respecting Seller’s or the Property’s material outstanding violation of any applicable governmental law, ordinance, rule or
regulation or requiring the correction of any condition with respect to the Property, or any part thereof, by reason of a violation of any applicable federal, state, county or municipal law, code, rule, or regulation, which has not been previously
cured. 
 7.1.8. Condemnation. Seller has not received any written notice or copy of notice from any
governmental agency or official to the effect that any condemnation proceeding is contemplated in connection with the Property. 

7.1.9. Zoning. Seller has not received any written notice of, or initiated or participated in, any action for a
change or modification in the current subdivision, site plan, zoning or other land use permits for the Property which is currently pending 
 7.1.10. Hazardous Materials. Seller has not received any written notices from any governmental authority regarding the presence on or release of Hazardous Substances (as defined herein) on
or from the Real Property in violation of applicable law, and to the best of Seller’s knowledge, the Property substantially complies with any and all Environmental Laws (as defined in Section 8.2 below) applicable to the Real
Property or the presence or release of Hazardous Substances (as defined herein) on or from the Real Property. “Hazardous Substances” shall mean any substance, material, or waste which is regulated by any federal, state, or local government
or quasi-governmental authority, and includes, without limitation any substance, material, or waste defined, used, or listed as a “hazardous waste”, “extremely hazardous waste”, “restricted hazardous waste”,
“hazardous substance”, “hazardous materials”, “toxic substance”, “pollutant”, “contaminant” or other similar terms as defined, listed, classified or used pursuant to any applicable Environmental
Laws. 
 With respect to the New Jersey Industrial Site Recovery Act. 

(i) Seller has not engaged in any operations at the Property covered by the New Jersey Industrial Site Recovery Act
(“ISRA”), N.J.S.A. 13:1 K-6, et seq.; 

  
 16 

  
 (ii) To
the best of Seller’s knowledge the current tenants’ operations at the Property are not Industrial Establishments under ISRA; 
 (iii) Seller represents and warrants that the provisions of ISRA were never triggered during the period of Seller’s ownership of the Property; and 

(iv) Seller represents and warrants that, to the best of Seller’s knowledge, information and belief, the transactions
contemplated by this Agreement will not trigger the provisions of ISRA as the Property is not an “industrial establishment” as contemplated by ISRA and its implementing regulations. Moreover, no operations occurring at the Property render
it an “industrial establishment” as said operations fall within a NAICS code that is not subject to ISRA and such operations fall within the exemption for offices that is codified at N.J.A.C. 7:26 B-2.1(b)(2) or other exemptions applicable
to the Real Property. 
 7.1.11. Personal Property. A complete list of the Personal Property is annexed hereto as
Exhibit H. 
 7.1.12. Employees. There are no Persons employed at the Property by Seller or any
managing agent thereof who shall be the responsibility of Purchaser after the Closing. 
 7.1.13. Mortgage
Loan. Seller has not received a written notice of default under the Loan Documents which has not been cured or waived. True, correct and materially complete copies the Loan Documents listed on Exhibit M shall be provided
to Purchaser on or before the Effective Date and such Loan Documents constitute all of the material documents evidencing and/or securing the Mortgage Loan, and such Loan Documents have not been amended or modified except as set forth on
Exhibit M. Seller represents and warrants that to the best of its knowledge the amounts the current balance of the Mortgage Loan and the escrow balances held by Lender under the Mortgage Loan are accurately reflected in
Section 2.2. 
 7.1.14 OFAC. (a) Seller is (i) not currently identified on the
Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Assets Control, Department of the Treasury (“OFAC”) and/or on any other similar list maintained by OFAC pursuant to any authorizing
statute, executive order or regulation (collectively, the “List”), and (ii) not a person or entity with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction,
or other prohibition of United States law, regulation, or Executive Order of the President of the United States, and (iii) not an “Embargoed Person” (as defined below), (b) to Seller’s actual knowledge, none of the funds or
other assets of Seller constitute property of, or are beneficially owned, directly or indirectly, by an Embargoed Person, and (c) to Seller’s actual knowledge, no Embargoed Person has any interest of any nature whatsoever in Seller
(whether directly or indirectly). The term “Embargoed Person” means any person, entity or government subject to trade restrictions under U.S. law, including but not limited to the International Emergency Economic Powers Act, 50 U.S.C.
§1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder. 

  
 17 

  
 7.1.15
Third-Party Approvals. Any permission, approval, joinder or consent by third parties required in order for Seller to consummate its obligations under this Agreement has been received. 

7.1.16 Violations. Seller has not received any written notice and has no actual knowledge that the construction, operation
and use of the Property violates: (i) any statutes, laws, regulations, rules, ordinances, permits, certificates of occupancy, requirements or orders or decrees now in effect (including zoning, subdivision, use or building statutes, laws or
ordinances and environmental protection laws, rules or regulations); or (ii) any building permits or any conditions, easements, rights-of-way, agreements of record, urban renewal plans, parking agreements, covenants, restrictions of record or
any other agreement affecting the Property and Seller further represents that to the best of its knowledge and belief any and all conditions to any zoning approvals have been fulfilled. 

7.1.17 PILOT Payments. Neither Seller nor to the best of Seller’s knowledge the City of Jersey City, New Jersey
is in material default under the Tax Abatement Agreement. 
 7.1.18 Collective Bargaining. As of the date hereof,
Seller represents that there has been no petition filed for election with the National Labor Relations Board that would cover employees of Seller working on the Property. 
 7.1.19 Consents. No consent, authorization, license, permit, registration or approval of, or exemption or other action by, any governmental or public body, commission or authority is
required of Seller in connection with the execution, delivery and performance by Seller of this Agreement except in connection with the Tax Abatement Approval as provided herein. 

7.2. Change in Representation/Waiver. Notwithstanding anything to the contrary contained herein, Purchaser acknowledges
that Purchaser shall not be entitled to rely on any representation made by Seller in this Article VII to the extent, prior to or at Closing, Purchaser shall have or obtain actual knowledge of any information that was contradictory to such
representation or warranty; provided, however, if Purchaser determines prior to Closing that there is a material breach of any of the representations and warranties made by Seller above or learns of any pending legal proceedings or
administrative actions or any violations of existing laws, ordinances, regulations and building, codes materially adversely affecting the Property which would otherwise expressly enable Purchaser to terminate this Agreement in accordance with its
terms, then Purchaser may, at its option, by sending to Seller written notice of its election either (i) terminate this Agreement or (ii) waive such breach and/or conditions and proceed to Closing with no adjustment in the Purchase Price
and Seller shall have no further liability as to such matter thereafter. Purchaser’s knowledge shall in no event be deemed to include any implied, imputed or constructive knowledge of Purchaser and shall not constitute any representation that
Purchaser has made or is obligated to make any independent investigation or has any implied duty to investigate. In the event Purchaser terminates this Agreement for the reasons set forth above, the Deposit (including the interest thereon) shall be
immediately refunded to Purchaser and neither Purchaser nor Seller shall thereafter have any other rights or remedies hereunder other than under Section 17.12 hereof. In furtherance thereof, Seller shall have no liability with respect to any of
the representations and warranties made by Seller or any 

  
 18 

 
representations and warranties made in any other document executed and delivered by Seller to Purchaser, to the extent that, prior to the Closing, Purchaser discovers or learns of information
(from whatever source as a result of Purchaser’s due diligence tests, investigations and inspections of the Property, or disclosure by Seller or Seller’s agents and employees) that contradicts any such representations and warranties, or
renders any such representations and warranties untrue or incorrect, and Purchaser nevertheless consummates the transaction contemplated by this Agreement. In connection with such documents, Purchaser’s knowledge shall in no event be deemed to
include any implied, imputed or constructive knowledge of Purchaser and shall not constitute any representation that Purchaser has made or is obligated to make any independent investigation or has any implied duty to investigate). 

7.3. Survival. At Closing, Seller shall recertify to Purchaser that its representations set forth in this Article 7
are still accurate, and the provisions of this paragraph and such recertification shall survive the Closing for a period of twelve (12) months. Furthermore, Seller agrees to maintain throughout the twelve (12) month survival period (and,
if a claim has been filed during that period, until the claim has been resolved) a tangible net worth of not less than Three Million and No/100 Dollars ($3,000,000.00). 
 ARTICLE VIII 
 Representations and Warranties of Purchaser

 8.1. Purchaser represents and warrants to Seller that the following matters are true and correct as of the
Effective Date to the best knowledge of Purchaser (for purposes of this Agreement and any document delivered at Closing, whenever the phrases “to the best of Purchaser’s knowledge,” “to the current, actual, knowledge of
Purchaser,” or the “knowledge” of Purchaser or words of similar import are used, they shall be deemed to refer to the current, actual, knowledge only, of Jack Cuneo (“Purchaser’s Representative”).
Purchaser’s knowledge shall not include any implied, imputed or constructive knowledge of Purchaser’s Representative and shall not constitute any representation that Purchaser’s Representative has made or is obligated to make any
independent investigation or has any implied duty to investigate): 
 8.1.1 Authority. Purchaser is a limited
liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. This Agreement has been duly authorized, executed and delivered by Purchaser, is the legal, valid and binding obligation of Purchaser,
and does not violate any provision of any agreement or judicial order to which Purchaser is a party or to which Purchaser is subject. All documents to be executed by Purchaser which are to be delivered at Closing, at the time of Closing will be duly
authorized, executed and delivered by Purchaser, at the time of Closing will be legal, valid and binding obligations of Purchaser, and at the time of Closing will not violate any provision of any agreement or judicial order to which Purchaser is a
party or to which Purchaser is subject. 
 8.1.2. Bankruptcy or Debt of Purchaser. Purchaser has not made a
general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by Purchaser’s creditors, suffered the appointment of a receiver

  
 19 

 
to take possession of all, or substantially all, of Purchaser’s assets, suffered the attachment or other judicial seizure of all, or substantially all, of Purchaser’s assets, admitted
in writing its inability to pay its debts as they come due or made an offer of settlement, extension or composition to its creditors generally. 
 8.1.3. ERISA Compliance. Purchaser has informed Seller and Purchaser hereby represents and warrants to Seller that Purchaser is not a “plan” nor a plan “fiduciary” nor an
entity holding “plan assets” (as those terms are defined under the Employee Retirement Income Security Act of 1974, as amended, and its applicable regulations as issued by the Department of Labor and the Internal Revenue Service,
“ERISA”) nor an entity whose assets are deemed to be plan assets under ERISA and that Purchaser is acquiring the Property for Purchaser’s own personal account and that the Property shall not constitute plan assets
subject to ERISA upon conveyance of the Property by Seller and the closing of this Agreement between Purchaser and Seller. Seller shall not have any obligation to close the transaction contemplated by this Agreement if the transaction for any reason
constitutes a prohibited transaction under ERISA or if Purchaser’s representation is found to be false or misleading in any respect. The foregoing representation and warranty shall survive the Closing. 

8.1.4. No Financing Contingency. It is expressly acknowledged by Purchaser that, except with respect the Loan Assignment
and Assumption (as defined in Section 10.3.3 hereof), this transaction is not subject to any financing contingency, and no financing for this transaction shall be provided by Seller. 

8.2. Purchaser’s Acknowledgment. Purchaser acknowledges and agrees that, except as expressly provided in this
Agreement, Seller has not made, does not make and specifically disclaims any representations, 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 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 Purchaser 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,
including, without limitation, the Americans with Disabilities Act and any rules and regulations promulgated thereunder or in connection therewith, (e) the habitability, merchantability or fitness for a particular purpose of the Property, or
(f) any other matter with respect to the Property, and specifically that Seller has not made, does not make and specifically disclaims any representations regarding 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 mold, radon, asbestos, or any hazardous substance, as defined by the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended, and
applicable state environmental laws, and regulations, including but not limited to the Industrial Site Recovery Act and the Spill Act (herein collectively the “Environmental Laws”). Purchaser further acknowledges and agrees
that, except as expressly provided in this Agreement, having been given the opportunity to inspect the Property, Purchaser is relying solely on its own investigation of the Property and not on any information provided or to be provided by Seller.
Purchaser further acknowledges and agrees that, except as expressly provided in this Agreement, and  

  
 20 

 
as a material inducement to the execution and delivery of this Agreement by Seller, the sale of the Property as provided for herein is made on an “AS IS, WHERE IS” CONDITION AND
BASIS “WITH ALL FAULTS.” Purchaser acknowledges, represents and warrants that Purchaser is not in a significantly disparate bargaining position with respect to Seller in connection with the transaction contemplated by this Agreement;
that Purchaser freely and fairly agreed to this acknowledgment as part of the negotiations for the transaction contemplated by this Agreement; that Purchaser is represented by legal counsel in connection with this transaction and Purchaser has
conferred with such legal counsel concerning this waiver. 
 8.3. Purchaser’s Release. Except as
expressly provided in this Agreement, Purchaser on behalf of itself and its successors and assigns waives its right to recover from, and forever releases and discharges, Seller, and Seller’s direct and indirect affiliates (including but not
limited to Seller Affiliates), investment managers, property managers, members, partners, trustees, shareholders, beneficiaries, directors, officers, employees, attorneys and agents of each of them, and their respective heirs, successors, personal
representatives and assigns (herein collectively “Seller Related Entities”) from any and all demands, claims, legal or administrative proceedings, losses, liabilities, damages, penalties, fines, liens, judgments, costs or
expenses known or unknown, foreseen or unforeseen, that may arise on account of or in any way be connected with (i) the physical condition of the Property, (ii) the condition of title to the Property, (iii) the presence on, under or
about the Property of any hazardous or regulated substance, or (iv) the Property’s compliance with any applicable federal, state or local law, rule or regulation. The terms and provisions of this Section 8.3 shall survive
Closing and/or termination of this Agreement. 
 8.4. Survival. At Closing, Purchaser shall recertify to
Seller that its representations set forth in this Article 8 are still accurate, and the provisions of this paragraph and such recertification shall survive the Closing for a period of twelve (12) months. Notwithstanding the foregoing,
the representation and warranty set forth in Section 8.1.3 hereof shall survive Closing indefinitely. 
 ARTICLE
IX 
 Seller’s Interim Operating Covenants. 

9.1. Operations. Seller agrees to continue to operate, manage and maintain the Improvements through the Closing Date in the
ordinary course of Seller’s business and substantially in accordance with Seller’s present practice, subject to ordinary wear and tear and further subject to Article XII of this Agreement. 

9.2. Maintain Insurance. Seller agrees to maintain until the Closing Date fire and extended coverage insurance on the Real
Property which is at least equivalent in all material respects to the insurance policies covering the Real Property as of the Effective Date. 
 9.3. Personal Property. Seller agrees not to transfer or remove any Personal Property from the Improvements after the Effective Date except for repair or replacement thereof. Any items of
Personal Property removed after the Effective Date shall be promptly replaced prior to Closing and shall be of substantially similar quality to the item of Personal Property being replaced. 

  
 21 

  
 9.4. No
Sales. Except as provided in Section 9.5, and/or Section 17.19, Seller agrees that it shall not convey any interest in the Property to any third party. 

9.5. Tenant Leases. So long as this Agreement remains in effect, Seller shall not, from and after the date hereof, without
Purchaser’s consent, which consent shall not be unreasonably withheld or delayed, (i) grant any material consent (other than where contractually required to provide such consent) or waive any material rights under the Leases,
(ii) terminate any Lease, (iii) enter into a new lease, modify an existing Lease or renew, extend or expand an existing Lease or (iv) enforce any of its remedies (including without limitation the remedy of summary proceeding) under
the Leases. Additionally, Seller shall promptly provide to Purchaser copies of all notices of default to and from the tenants and from the Lender, as well as copies of any summons, complaint, temporary restraining order, order to show cause or other
documents evidencing the commencement or continuation of any legal action against Seller or affecting the Property. 
 9.6.
Contracts. If requested by Purchaser pursuant to the terms hereof, Seller will send to the service providers notice of termination of the Contracts, and Seller shall make the termination of the Contracts effective as of the Closing
Date. From the Effective Date to the Closing Date, Seller shall not enter into any new Contracts which are not cancellable on less than thirty (30) day’s notice without Purchaser’s approval, which shall not be unreasonably withheld.
In the event Purchaser fails to provide its approval or notice of its non-approval with the reasons for such non-approval, within five (5) business days of Seller’s request for such approval, Purchaser shall be deemed to have approved such
Contract. 
 ARTICLE X 
 Closing Conditions 
 10.1. Conditions to Obligations of
Seller. The obligations of Seller under this Agreement to sell the Property and consummate the other transactions contemplated hereby shall be subject to the satisfaction of the following conditions on or before the Closing Date except to
the extent that any of such conditions may be waived by Seller in writing at Closing. 
 10.1.1. Representations,
Warranties and Covenants of Purchaser. All representations and warranties of Purchaser in this Agreement shall be true and correct in all material respects as of the Closing Date, with the same force and effect as if such representations and
warranties were made anew as of the Closing Date. Any changes to such representations disclosed by Purchaser pursuant to Section 11.1.5 shall be acceptable to Seller, and Purchaser shall have performed and complied in all material
respects with all covenants and agreements required by this Agreement to be performed or complied with by Purchaser prior to the Closing Date. 

  
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 10.1.2. No
Orders. No order, writ, injunction or decree shall have been entered and be in effect by any court of competent jurisdiction or any governmental authority, and no statute, rule, regulation or other requirement shall have been promulgated or
enacted and be in effect, that restrains, enjoins or invalidates the transactions contemplated hereby. 
 10.1.3. No
Suits. No suit or other proceeding shall be pending or threatened in writing by any third party before any court or governmental authority seeking to restrain or prohibit or declare illegal, or seeking substantial damages against Seller or
any Seller Related Entities in connection with the transactions contemplated by this Agreement. 
 10.2. Conditions to
Obligations of Purchaser. The obligations of Purchaser under this Agreement to purchase the Property and consummate the other transactions contemplated hereby shall be subject to the satisfaction of the following conditions on or before the
Closing Date, except to the extent that any of such conditions may be waived by Purchaser in writing at Closing. 
 10.2.1.
Representations, Warranties and Covenants of Seller. All representations and warranties of Seller in this Agreement shall be true and correct in all material respects as of the Closing Date, with the same force and effect as if such
representations and warranties were made anew as of the Closing Date. Any changes to such representations disclosed by Seller pursuant to Section 11.2.4 shall be acceptable to Purchaser, and Seller shall have performed and complied in
all material respects with all covenants and agreements required by this Agreement to be performed or complied with by Seller prior to the Closing Date including, without limitation, Seller having satisfied its obligations to convey and transfer to
Purchaser such title to the Property as herein required. Notwithstanding anything contained in this paragraph 10.2.1 to the contrary, any changes to the representations or warranties of Seller caused by damage, destruction or condemnation of the
Property shall be governed by Article XII of this Agreement. 
 10.2.2. No Orders. No order, writ, injunction or
decree shall have been entered and be in effect by any court of competent jurisdiction or any governmental authority, and no statute, rule, regulation or other requirement shall have been promulgated or enacted and be in effect, that restrains,
enjoins or invalidates the transactions contemplated hereby. 
 10.2.3. No Suits. No suit or other proceeding
shall be pending or threatened in writing by any third party not affiliated with or acting at the request of Purchaser before any court or governmental authority seeking to restrain or prohibit or declare illegal, or seeking substantial damages
against Purchaser in connection with the transactions contemplated by this Agreement. 
 10.2.4 Estoppels. No
later than two (2) business days prior to the Closing Date, Purchaser shall have received a tenant estoppel certificate, substantially in the form attached hereto as Exhibit G, (the “Tenant Estoppel
Certificate”) reasonably satisfactory to Purchaser, signed by Long Island Holding A, LLC, a Delaware limited liability company, and dated no earlier than forty-five (45) days prior to the Closing Date and which additionally
substantially confirms or is consistent with the information in the Rent Roll. Seller shall be 

  
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entitled to adjourn the Closing for up to thirty (30) days to facilitate obtaining said Tenant Estoppel Certificate, or otherwise establish to Purchaser’s reasonable satisfaction that
the tenants identified on the Rent Roll (as hereinafter defined) have accepted occupancy, are paying rent as set forth in their leases and that neither the tenant or the landlord is in material default of their respective obligations under said
leases. Failure to obtain such Tenant Estoppel Certificate shall not be a default or breach of this Agreement. Purchaser’s sole and exclusive remedy for Seller’s failure to obtain or provide the Tenant Estoppel Certificate no later than
the time provided above, provided that Seller has promptly requested and diligently pursued the Tenant Estoppel Certificate, shall be to terminate this Agreement upon not less than five (5) business days prior written notice (herein the
“Termination Notice”), provided however that Seller shall have the right to nullify the Termination Notice in the event Seller obtains or provides the Tenant Estoppel Certificate within five (5) business days after the
receipt by Seller of the Termination Notice. Purchaser agrees not to unreasonably withhold Purchaser’s consent to any changes requested by any tenant to the form attached hereto as Exhibit G which is consistent with the
tenant’s obligations under its lease with respect to the Tenant Estoppel Certificate. In no event shall Seller be obligated to deliver updates to any Tenant Estoppel Certificate dated within forty-five (45) days of the Closing date. No
later than three (3) business days prior to the Closing Date, Seller shall also provide to Purchaser an Estoppel Certificate executed by Colgate Center Property Owners’ Association substantially in the form set forth in Exhibit
G-2 reasonably satisfactory to Purchaser, and dated no earlier than forty-five (45) days prior to the Closing Date. 
 10.3. General Closing Conditions. 
 10.3.1. Tax
Abatement. (a) Upon expiration of the Feasibility Period, Seller (and/or a Seller Affiliate, as applicable) and Purchaser shall promptly and jointly make application to the City of Jersey City for the transfer of the existing tax
abatement on the Property set forth in the Financial Agreement attached hereto as Exhibit K (herein the “Tax Abatement Agreement”) and the related resolutions (herein the “Tax Abatement”)
to Purchaser (the “Tax Exemption Application”; for purposes hereof “Tax Exemption Application” shall also include any application for a new or amended Tax Abatement if required by the City of Jersey City).
The approval of the Tax Exemption Application by the City of Jersey City for such transfer by resolution of the City Council of Jersey City is referred to herein as the “Tax Abatement Approval” and the date that the Tax
Abatement Approval shall become final, and the appeals period applicable thereto shall have expired (unless such appeals period is waived by the parties hereto) is herein referred to as the “Tax Abatement Approval Date”.
Seller and Purchaser acknowledge that any lease/sublease structure required of Purchaser in order for Purchaser to preserve and or qualify for a continuing Tax Abatement applicable to the Property, shall be the sole responsibility of Purchaser
except that Seller shall convey its existing leasehold interests, as landlord and tenant, as necessary for Purchaser to maintain a qualifying structure. Purchaser covenants and agrees to provide to Seller no later than the date which is thirty
(30) days after the date of this Agreement copies of any and all applications and other documentation required of Purchaser and its Tax Exemption Entity (as hereinafter defined), as described in subsection (b) below, in order to make
application to the City of Jersey City as contemplated in this Section 10.3.1. Notwithstanding anything herein to the contrary, Purchaser and Seller shall each, where practicable, be entitled to have a representative present in
connection with all communications between the other and the City of Jersey City in regard to 

  
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the Tax Abatement Period whether in person, electronic or telephonic and each shall, where practicable, provide at least twenty-four (24) hours notice (which notice may be telephonic, email
or fax) to the other of any such telephonic or in person meetings. 
 (b) The recipient of the tax exemption to be sought
pursuant to said Tax Exemption Application (if other than the named Purchaser), shall be a to-be-formed urban renewal entity who shall be an Affiliate of Purchaser and shall otherwise possess all other qualifications required in order to be a
recipient of a tax abatement in the City of Jersey City (herein referred to sometimes as the “Tax Exemption Entity” or “RT 70 Hudson Urban Renewal, LLC”). Each of Purchaser and/or the Tax Exemption
Entity and Seller shall be responsible for all aspects of the filing of the Tax Exemption Application applicable to it including all disclosure requirements that may apply to a prospective assignment, if any. If this Agreement shall be terminated,
then, at Seller’s option, Purchaser shall either (A) formally withdraw the Tax Exemption Application or (B) assign all its right, title and interest therein to Seller or its designee. Seller shall participate with Purchaser, and any
Tax Exemption Entity, in the prosecution and negotiation of the Tax Exemption Application and the procuring of approval therefor. Each of Seller and Purchaser shall be responsible for their own legal and other costs related to the Tax Exemption
Application and the prosecution and negotiation thereof and procuring of approval therefor. The Seller and Purchaser acknowledge that the Financial Agreement does not provide for the payment a transfer fee. The provisions of this
Section 10.3.1 (b) shall survive the Closing or the termination of this Agreement. Unless Seller elects (in its sole discretion) by written notice to Purchaser to waive this provision, Tax Abatement Approval shall be deemed not to
have been granted if such Tax Abatement Approval increases the obligations of Seller or imposes any new obligations upon Seller. Seller and Purchaser shall use their collective reasonable efforts to seek and obtain the Tax Abatement Approval
contemplated in subsection (a) and (b) above. 
 For the purposes hereof, “Person” shall mean
a natural person or persons, a partnership, a corporation, a limited liability company or any other form of business or legal association or entity. For the purposes hereof “Affiliate of Purchaser” or “Purchaser
Affiliate” shall mean any Person owning or controlling Purchaser, or under common ownership or control with or by Purchaser. For the purposes hereof “Affiliate of Seller” or “Seller
Affiliate” shall mean any Person owning or controlling Seller, or under common ownership or control with or by Seller. For purposes hereof, “ownership or control” shall mean either (i) the legal or beneficial ownership of
fifty percent (50%) or more of the beneficial interests in a Person, or (ii) the sole ability to direct the day-to-day affairs of such Person. 
 10.3.2. Tax Abatement Transfer Contingency. The obligations of Purchaser to purchase and Seller to convey under this Agreement are contingent upon the receipt of the Tax Abatement
Approval (as defined in Section 10.3.1 hereof) within the Additional Condition Period. 
 10.3.3. Mortgage
Loan Assumption Contingency. The obligations of Purchaser and Seller to close under this Agreement are contingent upon (i) Lender consenting to the transfer of the Property to Purchaser and the assignment by Seller, and
assumption by Purchaser, of the Mortgage Loan on the terms provided in the Loan Documents and as provided by the terms of this Agreement (the “Loan Assignment and Assumption”); and (ii) Lender closing

  
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upon the Loan Assignment and Assumption consistent with the terms of the Loan Assignment and Assumption approved by the Lender upon Closing (collectively, the “Financing
Contingency”). Provided however that the failure to satisfy the Financing Contingency as a result of Purchaser’s or Seller’s failure to provide information reasonably requested by the Lender or failure to execute and deliver
any documentation or perform any of its other obligations under this Agreement with regard to Loan Assignment and Assumption, so long as such obligations are consistent with the Loan Documents, shall not be deemed to excuse failing party from its
obligations under this Agreement. 
 10.3.3.1. Requirements of Loan Documents. In connection with the Loan
Assignment and Assumption and at Closing (or at Purchaser’s option before Closing), Purchaser shall, at no cost or expense to Lender or Seller, execute such documents and take such actions as Lender may reasonably require, consistent with the
Loan Documents, including but not limited to, if required by the Lender, (i) create a special purpose entity owned and controlled by Purchaser or an Affiliate of Purchaser to take title to the Property and assume the Mortgage Loan (subject to
the terms of this Agreement); (ii) deliver an insolvency opinion with respect to Purchaser; (iii) provide CBRE Operating Partnership, L.P. a Delaware limited partnership (“CBRE”), as a guarantor to Lender to execute
and deliver to Lender a replacement guaranty and environmental indemnity agreement materially consistent with the Loan Documents and substantially on the same terms and conditions as set forth in the documents executed in connection with the
Mortgage Loan; (iv) provide a pledge of the membership interests in the borrower to Lender pursuant to a replacement pledge agreement materially consistent with the Loan Documents and substantially on the same terms and conditions as set forth
in the documents executed in connection with the Mortgage Loan; and (v) enter into a replacement management agreement with respect to the Property. 
 10.3.4. Cooperation. Subject to the terms of this Agreement, Seller and Purchaser shall reasonably cooperate with one another and with Lender and shall use their respective commercially
reasonable efforts to obtain a satisfaction of the Financing Contingency. Seller and Purchaser shall, subject to the terms of this Agreement, execute and deliver any and all documents and information reasonably required by Lender and consistent with
the Loan Documents in connection with the satisfaction of the Financing Contingency, including, but not limited to, financial reports, property management reports, income statements, assignment agreements, financing statements, estoppel certificates
and releases; provided however that nothing contained herein shall obligate Seller to expand its liabilities or obligations in connection with the Mortgage Loan. Seller and Purchaser shall keep each other reasonably apprised of the status of the
approval process. Within five (5) days after receipt of any written correspondence, document or other material from Lender (or any agent or servicer of Lender) relating to the Loan Assignment and Assumption (and/or Lender’s consent
thereto), Seller or Purchaser, as the case may be, shall send a true, correct and complete copy of such correspondence, document or other material to the other party hereunder. Simultaneously with submitting any application, correspondence, document
or other material to Lender (or any agent or servicer of Lender) in connection with obtaining Lender’s consent to the Loan Assignment and Assumption, Seller or Purchaser, as the case may be, shall forward a true, correct and complete copy of
such information to the other party hereunder; provided, however, at least five (5) days before making any material submission to Lender (or any agent or servicer of Lender) in connection with obtaining Lender’s consent to the

  
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Loan Assignment and Assumption (including, without limitation, any applications), Seller or Purchaser, as the case may be, shall forward a true, correct and complete copy of such material
submission to the other party hereunder for review and comment. Within five (5) days after receipt of such proposed submission, the receiving party (Seller or Purchaser, as the case may be) shall notify the other party of any objections
thereto, which notice shall specify in reasonable detail the basis for any such objection. Neither party shall unreasonably withhold, condition or delay its approval of any such submission. If either party fails to object to a submission within the
five (5) day period set forth above, then such party shall be deemed to have waived its right to object to such submission pursuant to this Section 10.3.4. All documentation submitted to Purchaser or Seller, or each of their
representatives, by the other party pursuant to this Section 10.3.4 shall be treated as confidential information. Seller and Purchaser shall not disclose any information obtained by it from the other party, including, without limitation,
any financial statements, except that the parties may disclose such information to its consultants and attorneys engaged in the review of same in connection with the Loan Assignment and Assumption. Notwithstanding the foregoing, Seller and Purchaser
shall each have the right to disclose confidential information to third parties if such disclosure is required by an order of a court of competent jurisdiction or as otherwise described in Section 15.1. Seller acknowledges that Purchaser
may, at no cost or expense to Seller, request Lender’s consent to non-material modifications to the Loan Documents to facilitate ownership of the Property by Purchaser or its assign in the event Purchaser or its assign is or may be a REIT;
provided however that nothing contained in this sentence shall be construed as Seller’s consent to any modifications of the Loan Documents or the Mortgage Loan requested by Purchaser or any modifications which would adversely affect the Closing
of the transactions contemplated by this Agreement or impose additional obligations on Seller or any Seller Related Entities. 

10.3.5. Fees. Seller shall, subject to the provisions of this Agreement, including but not limited to
Section 10.3.3, pay, as and when required by Lender (or any agent or servicer of Lender) any and all fees, costs and expenses reasonably demanded by Lender in connection with the satisfaction of the Financing Contingency (other than the
establishment or replacement of escrows and similar deposits), including, but not limited to, amounts due pursuant to the Mortgage executed in connection with the Mortgage Loan. Purchaser shall be responsible for and shall pay when due all costs and
expenses of Purchaser in connection with this Agreement, including but not limited to, Section 10.3.3 and Subsection10.3.3.1. 
 ARTICLE XI 
 Closing 

11.1. Purchaser’s Closing Obligations. Purchaser, at its sole cost and expense, shall deliver or cause to be delivered
to Seller at Closing the following: 
 11.1.1. The Purchase Price, after all adjustments are made at the Closing as
herein provided, by wire transfer or other immediately available federal funds, which amount shall be received in escrow by the Escrow Agent at or before 5:00 p.m. (New York local time). 

  
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 11.1.2. A
General Assignment, substantially in the form attached hereto as Exhibit D (the “General Assignment”), duly executed by Purchaser, conveying and assigning to Purchaser the Personal Property, the Intangible
Property and certain other property. 
 11.1.3 An Assignment and Assumption Agreement, substantially in the form attached
hereto as Exhibit D-1 (the “Lease Assignment”), duly executed by Purchaser, conveying and assigning to Purchaser the Leases and the Contracts. 

11.1.4. Evidence reasonably satisfactory to Seller and the Escrow Agent that the person executing the Closing documents on behalf
of Purchaser has full right, power and authority to do so. 
 11.1.5. Written notice executed by Purchaser and addressed
to the tenants, (i) acknowledging the sale of the Property to Purchaser, (ii) acknowledging that Purchaser has received and is responsible for any security deposits identified in the Rent Roll (provided that Purchaser receives a credit for
such security deposits at Closing), and (iii) indicating that rent should thereafter be paid to Purchaser and giving instructions therefore (the “Tenant Notice Letter”). 

11.1.6. A certificate indicating that the representations and warranties set forth in Article VIII are true and correct on
the Closing Date, or, if there have been changes, describing such changes. 
 11.1.7 A closing statement duly executed by
Purchaser setting forth the Purchase Price and any adjustments thereto. 
 11.1.8 Such other documents as may be
reasonably necessary or appropriate to effect the consummation of the transactions which are the subject of this Agreement, including, but not necessarily limited to, (i) all documents evidencing Purchaser’s compliance with the provisions
of Article 10 hereof, and (ii) any reasonable and customary documentation in furtherance of and subject to the provisions of Section 17.19 hereof. 
 11.1.9 The Loan Assumption Agreement, and any other documents as may be reasonably required by the Lender in connection with the assumption of the Loan and consistent with the Loan Documents.

 11.1.10 An Assignment and Assumption Agreement, substantially in the form attached hereto as Exhibit D-2
(the “Land Lease Assignment”), duly executed by Purchaser, conveying and assigning to Purchaser the landlord’s interest in the Land Lease. 
 11.1.11 An Assignment and Assumption Agreement, substantially in the form attached hereto as Exhibit D-3 (the “Building Lease Assignment”), duly executed by RT
70 Hudson Urban Renewal, LLC, conveying and assigning to RT 70 Hudson Urban Renewal, LLC the Landlord’s interest in the Building Lease. 

  
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 11.1.12 An
Assignment and Assumption Agreement, substantially in the form attached hereto as Exhibit D-4 (the “Land Lease Assignment”), duly executed by RT 70 Hudson Urban Renewal, LLC , conveying and assigning to RT 70
Hudson Urban Renewal, LLC the tenant’s interest in the Land Lease. 
 11.1.13 An Assignment and Assumption
Agreement, substantially in the form attached hereto as Exhibit D-5 (the “Building Lease Assignment”), duly executed by Purchaser, conveying and assigning to Purchaser the tenant’s interest in the Building
Lease. 
 11.2. Seller’s Closing Obligations. Seller, at its sole cost and expense, shall deliver or cause to
be delivered to Purchaser the following: 
 11.2.1. A bargain and sale deed with covenant against grantor’s acts
(the “Deed”) in recordable form properly executed by Seller conveying to Purchaser title to the Land and Improvements, in the form attached hereto as Exhibit E. 

11.2.2. The General Assignment, duly executed by Seller. 
 11.2.3 The Lease Assignment duly executed by Seller. 
 11.2.4
Evidence reasonably satisfactory to Purchaser and the Escrow Agent that the person executing the Closing documents on behalf of Seller has full right, power and authority to do so. 

11.2.5 A certificate indicating that the representations and warranties set forth in Article VII are true and correct on
the Closing Date, or, if there have been changes, describing such changes. 
 11.2.6 A certificate substantially in the
form attached hereto as Exhibit F (“Non-foreign Entity Certification”) certifying that Seller is not a “foreign person” as defined in Section 1445 of the Internal Revenue Code of 1986, as amended.

 11.2.7 The following items, to the extent in Seller’s possession or under its control: (i) all keys, codes
and combinations for all entrance door and spaces which may be locked (whether occupied or not) in the Improvements; and (ii) all original (to the extent available, otherwise copies of) Leases and Contracts (that are being assigned), and plans
and specifications as well as all building permits, certificates of occupancy, zoning certificates, and other governmental permits and licenses and to the extent in Seller’s possession or under its control, in connection with the construction,
development, ownership, use, operation or maintenance of the Property. 
 11.2.8 A closing statement duly executed by
Seller setting forth the Purchase Price and any adjustments thereto. 
 11.2.9 Such other documents as may be reasonably
necessary or appropriate to effect the consummation of the transactions which are the subject of this Agreement, including but not limited to all documents evidencing Seller’s compliance with the provisions of Article 10 hereof.

  
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 11.2.10 An
Affidavit of Title in the form attached hereto as Exhibit J and such other documents customarily delivered at closing of title for transactions of this type in New Jersey as the Title Company may reasonably request, provided such
documents do not expand Seller’s liability or increase its obligations or expenses. 
 11.2.11 The Tenant Estoppel
Certificates and other estoppel certificates required pursuant to Section 10.2.4. 
 11.2.12 The Loan
Assumption Agreement, and any other documents as may be reasonably required by the Lender in connection with the assumption of the Mortgage Loan and consistent with the Loan Documents. 

11.2.13 The Tenant Notice Letter 
 11.2.14 A Termination of the Management Agreement. 
 11.2.15 A fully
executed Lender Approval 
 11.2.16 A Termination of such Contracts, as Purchaser shall request in its sole discretion,
subject however to the terms of this Agreement. 
 11.2.17 An Assignment and Assumption Agreement, substantially in the
form attached hereto as Exhibit D-2 (the “Land Lease Assignment”), duly executed by Seller, conveying and assigning to Purchaser the landlord’s interest in the Land Lease. 

11.2.18 An Assignment and Assumption Agreement, substantially in the form attached hereto as Exhibit D-3 (the
“Building Lease Assignment”), duly executed by Seller, conveying and assigning to RT 70 Hudson Urban Renewal, LLC the landlord’s interest in the Building Lease. 

11.2.19 An Assignment and Assumption Agreement, substantially in the form attached hereto as Exhibit D-4 (the
“Land Lease Assignment”), duly executed by Seller, conveying and assigning to RT 70 Hudson Urban Renewal, LLC the tenant’s interest in the Land Lease. 

11.2.20 An Assignment and Assumption Agreement, substantially in the form attached hereto as Exhibit D-5 (the
“Building Lease Assignment”), duly executed by Seller, conveying and assigning to Purchaser the tenant’s interest in the Building Lease. 

  
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 ARTICLE XII

 Risk of Loss 
 12.1. Condemnation and Casualty. If, prior to the Closing Date, all or any portion of the Property is taken by condemnation or eminent domain, or is destroyed or damaged by fire or other
casualty, Seller shall notify Purchaser of such fact promptly after Seller obtains knowledge thereof. If such condemnation or casualty is “Material” (as hereinafter defined), Purchaser shall have the option to terminate this Agreement upon
notice to Seller and Escrow Agent given not later than fifteen (15) days after receipt of Seller’s notice, or the Closing Date, whichever is earlier. If this Agreement is terminated, the Deposit (including the interest thereon) shall
promptly be returned to Purchaser and thereafter neither Seller nor Purchaser shall have any further rights or obligations to the other hereunder except with respect to the Surviving Termination Obligations. If this Agreement is not terminated,
Seller shall not be obligated to repair any damage or destruction but (x) Seller shall assign, without recourse, and turn over to Purchaser all of the insurance proceeds or condemnation proceeds, as applicable, net of any costs of repairs and
net of reasonable collection costs, in either case to the extent actually incurred or expended by Seller (or, if such have not been awarded, all of its right, title and interest therein) payable with respect to such fire or other casualty or
condemnation including any rent abatement insurance for such casualty or condemnation and (y) the parties shall proceed to Closing pursuant to the terms hereof without abatement of the Purchase Price except for a credit to Purchaser in the
amount of the applicable insurance deductible. 
 12.2. Condemnation Not Material. If the condemnation is not
Material, then the Closing shall occur without abatement of the Purchase Price and, after deducting Seller’s reasonable costs and expenses incurred in collecting any award, Seller shall assign, without recourse, all remaining awards or any
rights to collect awards to Purchaser on the Closing Date. 
 12.3. Casualty Not Material. If the Casualty
is not Material, then the Closing shall occur without abatement of the Purchase Price except for a credit to Purchaser in the amount of the applicable deductible and Seller shall not be obligated to repair such damage or destruction and Seller shall
assign, without recourse, and turn over to Purchaser all of the insurance proceeds net of any costs of repairs and net of reasonable collection costs, in either case to the extent actually incurred or expended by Seller (or, if such have not been
awarded, all of its right, title and interest therein) payable with respect to such fire or such casualty including any rent abatement insurance for such casualty. 
 12.4. Materiality. For purposes of this Article XII, with respect to a taking by eminent domain, the term “Material” shall mean any taking whatsoever,
regardless of the amount of the award or the amount of the Property taken, excluding, however, any taking solely of subsurface rights or takings for utility easements or right of way easements, if the surface of the Property and the Improvements
thereon, after such taking, may be used in substantially the same manner as though such rights had not been taken. For purposes of this Article XII, with respect to a casualty, the term “Material” shall mean any
casualty (i) such that the cost of repair, as reasonably estimated by Seller’s and Purchaser’s third-party engineers, is in excess of Five Million ($5,000,000.00) Dollars or (ii) pursuant to which casualty a tenant of Seller
under one of the Leases of office space at the Real Property terminates its Lease of the Property pursuant to the terms thereof. 

  
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 ARTICLE XIII

 Default 
 13.1. Default by Seller. If Seller shall be in default of any material obligation, representation or warranty under this Agreement and such default is not cured or remedied within thirty
(30) days after receipt of written notice thereof given by Purchaser to Seller (except in regard to Seller’s obligation to deliver the Deed at Closing in regard to which Seller shall only be entitled to ten (10) business days notice),
at Purchaser’s election, Purchaser shall either (i) terminate this Agreement and receive the Deposit (including the interest thereon) from the Escrow Agent and Seller shall pay all of Purchaser’s reasonable out-of-pocket expenses
incurred in connection with this Agreement, including reasonable legal fees paid by Purchaser in connection with the preparation and negotiation of this Agreement, up to a maximum of Fifty Thousand and No/100 Dollars ($50,000.00) and in such event
Seller shall not have any liability whatsoever to Purchaser hereunder other than with respect to the Surviving Termination Obligations, or (ii) enforce specific performance of this Agreement of the obligations of Seller hereunder and/or,
subject to the limitations below in this subsection 13.1, to seek damages. Except as otherwise provided herein, nothing contained in this paragraph 13.1 shall limit Purchaser’s remedies at law or in equity, as to the Surviving Termination
Obligations. Notwithstanding anything to the contrary in the foregoing, Purchaser shall only be entitled to pursue an action for actual damages in the event of a Seller misrepresentation, failure or default if the failure, default or
misrepresentation renders specific performance inadequate or unavailable. Seller shall in no event be responsible for or liable for any consequential, special or indirect, speculative or punitive damages in any actions. 

13.2. Default by Purchaser. In the event the Closing and the transactions contemplated hereby do not occur as provided
herein by reason of the default of Purchaser, Purchaser and Seller agree it would be impractical and extremely difficult to fix the damages which Seller may suffer. Therefore the Deposit shall be liquidated damages for Purchaser’s default and
failure to complete the purchase of the Property; provided however that nothing contained herein shall be construed as relieving Purchaser of any of its Surviving Termination Obligations. Upon such default by Purchaser, Seller shall have the right,
upon written notice to the Escrow Agent and Purchaser pursuant to Section 17.15.3 hereof, to receive the Deposit (including the interest thereon) from the Escrow Agent. Purchaser shall in no event be responsible for or liable for any
consequential, special or indirect, speculative or punitive damages in any actions, in excess of said Deposit. 
 ARTICLE XIV

 Brokers 
 14.1. Brokers. Purchaser and Seller each represents and warrants to the other that it has not dealt with any person or entity entitled to a brokerage commission, finder’s fee or other
compensation with respect to the transaction contemplated hereby other than Cushman & 

  
 32 

 
Wakefield of New Jersey, Inc., whose compensation shall be the sole responsibility of Seller, and who shall be paid only upon the Closing of the purchase and sale contemplated hereby
pursuant to a separate agreement. Purchaser hereby agrees to indemnify, defend, and hold Seller harmless from and against any losses, damages, costs and expenses (including, but not limited to, attorneys’ fees and costs) incurred by Seller by
reason of any breach or inaccuracy of the Purchaser’s representations and warranties contained in this Article XIV. Seller hereby agrees to indemnify, defend, and hold Purchaser harmless from and against any losses, damages, costs and
expenses (including, but not limited to, attorneys’ fees and costs) incurred by Purchaser by reason of any breach or inaccuracy of Seller’s representations and warranties contained in this Article XIV. Seller and Purchaser agree
that it is their specific intent that no broker shall be a party to or a third party beneficiary of this Agreement or the Deposit, that no broker shall have any rights or cause of action hereunder, and further that the consent of a broker shall not
be necessary to any agreement, amendment, or document with respect to the transaction contemplated by this Agreement. The provisions of this Article XIV shall survive the Closing and/or termination of this Agreement. 

ARTICLE XV 

Confidentiality 
 15.1. Confidentiality. Purchaser expressly acknowledges and agrees that the transactions contemplated by this Agreement, the documents that are not otherwise known by or readily available to
the public and the terms, conditions and negotiations concerning the same shall be held in the strictest confidence by Purchaser and shall not be disclosed by Purchaser except if Purchaser or its directors, officers, employees, consultants and
advisors are requested to provide information pursuant to an audit, investigation or inspection by the U.S. Securities and Exchange Commission, FINRA, or other similar regulatory body, and as a result of any such request or requirement, Purchaser or
Purchaser’s directors, officers, employees, consultants and advisors is, in the opinion of counsel, required to disclose information or else stand liable for contempt or other censure or penalty, then such information may be disclosed without
liability (the “Authorized Representatives”), and except and only to the extent that such disclosure may be necessary for its performance hereunder. Purchaser agrees that it shall instruct each of its Authorized
Representatives to maintain the confidentiality of such information and at the request of Seller, to promptly inform Seller of the identity of each such Authorized Representative. Purchaser further acknowledges and agrees that, unless and until the
Closing occurs, all information and materials obtained by Purchaser in connection with the Property that are not otherwise known by or readily available to the public will not be disclosed by Purchaser to any third persons (other than to its
Authorized Representatives) without the prior written consent of Seller, provided, however, such restriction shall not apply to information which (i) was or becomes generally available to the public other than as a result of a disclosure by
Purchaser or Purchaser’s directors, officers, employees, consultants and advisors or (ii) was or becomes available to Purchaser on a non-confidential basis from a source other than Seller or its affiliates or representatives; provided that
the source was not prohibited from disclosing such information by a legal, contractual or fiduciary obligation; (iii) is rightfully in Purchaser’s possession and is part of Purchaser’s general knowledge; or (iv) is the subject of
express written permission to disclose to such party by Seller. If the transaction contemplated by this Agreement does not 

  
 33 

 
occur for any reason whatsoever, Purchaser shall promptly return to Seller, and shall instruct its Authorized Representatives to return to Seller, all copies and originals of all documents and
information provided to Purchaser except that in no event shall Purchaser be required to return any information provided in an electronic format including specifically any information on Purchaser’s systems (provided however that Purchaser
shall not use or permit the use of such information for any purpose other than in connection with the purchase of the Property from Seller and provided such information shall be held pursuant to the terms of this Agreement notwithstanding the
expiration or termination of the term hereof.). Nothing contained in this Section 15.1 shall preclude or limit either party from disclosing or accessing any information otherwise deemed confidential under this Section 15.1 in
connection with the party’s enforcement of its rights following a disagreement hereunder or in response to lawful process or subpoena or other valid or enforceable order of a court of competent jurisdiction or any filings with governmental
authorities required by law (as above provided), required by reason of the transactions provided for herein. Additionally, notwithstanding anything to the contrary, Purchaser and Purchaser’s directors, officers, employees, consultants and
advisors may keep any information in its files and/or back-up tapes solely to comply with any legal, compliance or security policies, provided such information shall be held pursuant to the terms of this Agreement notwithstanding the expiration or
termination of the term hereof. The provisions of this Section 15.1 shall survive any termination of this Agreement. 

ARTICLE XVI 
 COLGATE PROPERTIES CONDITION 
 16.1. Seller’s obligation to
convey the Property to Purchaser at Closing shall be expressly conditioned upon the simultaneous purchase by Purchaser or its affiliate of the adjacent premises located in Colgate Center known as 90 Hudson Street pursuant to an Agreement of Sale of
even date herewith between 90 Hudson Street, L.L.C. and 90 Hudson Street Urban Renewal Associates, L.L.C., collectively, as seller and Purchaser or its affiliate, as purchaser (the “90 Hudson Street Agreement”).
Notwithstanding the foregoing, a failure of Closing to occur under the 90 Hudson Street Agreement simultaneously herewith due to the seller’s default thereunder shall in no event give Seller the option to extend the Closing Date pursuant to
this Section 16.1. Seller shall deliver written notice to Purchaser no later than ten (10) business days prior to the date on which Closing would have occurred hereunder of its election to (a) adjourn the Closing to the date of
the Closing under the 90 Hudson Street Agreement (in no event later than March 31, 2011) to facilitate a simultaneous close, or (b) to proceed to Closing on the date that Closing would otherwise occur , or (c) if the Closing does not
occur under the 90 Hudson Street Agreement due to the termination thereof (other than as a result of a default by the seller thereunder) or a default by the purchaser thereunder, to terminate this Agreement, in which event the Deposit, together with
all interest earned thereon, if any, will be returned to Purchaser. 

  
 34 

  
 ARTICLE XVII

 MISCELLANEOUS 
 17.1. Notices. Any demand, notice or other communication required or permitted to be given hereunder shall be in writing, and shall be delivered personally, by recognized
overnight national courier service (such as Federal Express) for next business day delivery, by telecopy (with a hard copy and a transmission confirmation sent by a recognized overnight national courier service), or by certified mail, return receipt
requested, first-class postage prepaid to the parties at the addresses set forth below (or to such other addresses as the parties may specify by due notice to the other): 

 

			
	To Seller:	  	c/o Hartz Mountain Industries, Inc.
		  	400 Plaza Drive
		  	Secaucus, NJ 07096-1515
		  	Attn: Irwin A. Horowitz, Esq.
		  	Telephone: (201) 272-5300
		  	Facsimile: (201) 272-6139
		  	e-mail: Jim.Rubino@HartzMountain.com
		
	With a copy to:	  	c/o Hartz Mountain Industries, Inc.
		  	400 Plaza Drive
		  	Secaucus, NJ 07096-1515
		  	Attn: Vincent J. Rubino, Jr., Esq.
		  	Telephone: (201) 272-5301
		  	Facsimile: (201) 272-6139
		  	e-mail: Jim.Rubino@HartzMountain.com
		
	To Purchaser:	  	RT 70 Hudson, LLC
		  	c/o CB Richard Ellis Realty Trust
		  	47 Hulfish Street
		  	Suite 210
		  	Princeton, NJ 08542
		  	Attention: Jack A. Cuneo
		  	Facsimile: (609) 806-2666
		
	With a copy to:	  	CB Richard Ellis Investors
		  	800 Boylston Street, Suite 1475
		  	Boston, Massachusetts 02199
		  	Attention: Victor S. Bucchere
		  	Facsimile: (617) 425-2801
		
	With a copy to:	  	K&L Gates LLP
		  	599 Lexington Ave
		  	New York, New York 10022-6030
		  	Attention: Jeffrey H. Weitzman, Esq.
		  	Facsimile: (212) 536-3901

  
 35 

  
 Any notice delivered to a party’s
designated address by (a) personal delivery, (b) recognized overnight national courier service, or (c) certified mail, return receipt requested, shall be deemed to have been received by such party at the time the notice is delivered
to such party. Any notice sent by fax to the party’s designated fax number shall be effective upon receipt, provided receipt occurs before 5:00 PM on a business day in the State of New Jersey. Confirmation by the courier delivering any notice
given pursuant to this Section 17.1 shall be conclusive evidence of receipt of such notice. Each party hereby agrees that it will not refuse or reject delivery of any notice given hereunder, that it will acknowledge, in writing, receipt
of the same upon request by any other party and that any notice rejected or refused by it shall be deemed for all purposes of this Agreement to have been received by the rejecting party on the date so refused or rejected, as conclusively established
by the records of the U.S. Postal Service or the courier service. Any notice given by an attorney for a party shall be effective for all purposes. 
 17.2. Governing Law. This Agreement shall be governed by and construed in accordance with the internal, substantive laws of the State of New Jersey, without regard to the conflict of laws
principles thereof. 
 17.3. Headings. The captions and headings herein are for convenience and reference only and
in no way define or limit the scope or content of this Agreement or in any way affect its provisions. 
 17.4. Execution
and Delivery. This Agreement shall be effective upon delivery of this Agreement fully executed by the Seller and Purchaser. 
 17.5. Business Days. If any date herein set forth for the performance of any obligations of Seller or Purchaser or for the delivery of any instrument or notice as herein provided should be
on a Saturday, Sunday or legal holiday, the compliance with such obligations or delivery shall be deemed acceptable on the next business day following such Saturday, Sunday or legal holiday. As used herein, the term “legal holiday” means
any state or Federal holiday for which financial institutions or post offices are generally closed in the state where the Property is located. 
 17.6. Counterpart Copies. This Agreement may be executed in two or more counterpart copies, all of which counterparts shall have the same force and effect as if all parties hereto had
executed a single copy of this Agreement. An exchange of executed copies of signature pages, shall have the same force and effect as if the parties had executed and exchanged original counterparts of this Agreement. 

17.7. Binding Effect. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns. 
 17.8. Assignment. Purchaser shall not have the right to assign the Agreement
without Seller’s prior written consent, which consent may be given or withheld in Seller’s sole and absolute discretion; provided that Purchaser shall in no event be released from any of its obligations or liabilities hereunder as a result
of any such assignment. Notwithstanding anything to the contrary stated above, Purchaser shall, subject to Purchaser’s obligations with respect to 

  
 36 

 
the Financing Contingency and the receipt of the Tax Abatement Approval, be permitted to assign its rights under this Agreement without Seller’s consent to (a) any entity controlling,
controlled by, or under common control with Purchaser, (b) any partnership in which Purchaser or Purchaser’s controlling member is the general partner; (c) any fund or entity sponsored by Purchaser; (d) any entity that retains
Purchaser or a company affiliated with Purchaser to manage the Property or (e) CBRE and/or CB Richard Ellis Realty Trust, provided that, (i) assignee assumes Purchaser’s obligations under this Agreement pursuant to a written agreement
in form and substance reasonably acceptable to Seller; (ii) Seller receives a copy of such assignment and assumption agreement on or before three (3) business days after the execution thereof (and in no event less than three
(3) business days prior to Closing); (iii) at Closing, Purchaser reaffirms all of the representations and warranties of Purchaser herein; (iv) Purchaser shall remain liable for, and shall not be released from the performance of
Purchaser’s obligations under this Agreement after such assignment, including but not limited to the obligations in the agreements and instruments attached to this Agreement as Exhibits; (v) CBRE remains the substitute guarantor and/or
indemnitor under the Loan Documents in connection with the Financing Contingency; and (vi) such assignment does not adversely affect satisfaction of the Financing Contingency or the receipt of the Tax Abatement Approval. Whenever reference is
made in this Agreement to Seller or Purchaser, such reference shall include the successors and assigns of such party under this Agreement. 
 17.9. Interpretation. This Agreement shall not be construed more strictly against one party than against the other merely by virtue of the fact that it may have been prepared by counsel for
one of the parties, it being recognized that both Seller and Purchaser have contributed substantially and materially to the preparation of this Agreement. 
 17.10. Entire Agreement. This Agreement and the Exhibits attached hereto contain the final and entire agreement between the parties hereto with respect to the sale and purchase of the
Property and are intended to be an integration of all prior negotiations and understandings, including, without limitation, the Letter of Intent accepted by Seller dated as of September 15, 2010. Purchaser, Seller and their agents shall not be
bound by any terms, conditions, statements, warranties or representations, oral or written, not contained herein. No change or modifications to this Agreement shall be valid unless the same is in writing and signed by the parties hereto. Each party
reserves the right to waive any of the terms or conditions of this Agreement which are for their respective benefit and to consummate the transaction contemplated by this Agreement in accordance with the terms and conditions of this Agreement which
have not been so waived. Any such waiver must be in writing signed by the party for whose benefit the provision is being waived. 
 17.11. Severability. If any one or more of the provisions hereof shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision hereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. 

17.12. Survival. Except as otherwise specifically provided for herein, the provisions of this Agreement and the
representations and warranties herein shall not survive after the conveyance of title and payment of the Purchase Price but be merged therein. Except as 

  
 37 

 
otherwise specifically provided for herein (collectively, the “Surviving Termination Obligations”), the provisions of this Agreement shall not survive the termination of
this Agreement. 
 17.13. Time. Time is of the essence in the performance of each of the parties’ respective
obligations contained herein, provided, however, that neither Purchaser nor Seller shall be deemed to be in default hereunder for failure to close on the scheduled Closing Date unless and until the party failing to close shall have been given
written notice fixing a new date for the proposed Closing, not less than fifteen (15) days thereafter, and such party to whom notice is given shall fail to perform on or before such rescheduled Closing Date. 

17.14. Limitation of Liability. In any event, Seller’s maximum liability for damages arising out of any breach
of the terms, covenants or conditions of this Agreement or the representations and warranties of Seller contained herein, or arising out of or from the transactions contemplated hereby, shall not exceed Two Million Six Hundred Thousand Dollars
($2,600,000.00) in the aggregate provided, however, if Seller willfully defaults under this Contract and sells the Property to a third-party unaffiliated with Purchaser prior to the Closing within six (6) months after the date the Closing under
this Agreement was scheduled to occur such that the remedy of specific performance is unavailable as a result of such sale, Purchaser shall be entitled to pursue an action for actual damages against Seller, but not in excess of the difference
between the Purchase Price under this Agreement and the sale price received by Seller for the Property pursuant to such third-party sale. The obligations of Seller are binding only on Seller and Seller’s assets and shall not be personally
binding upon, nor shall any resort be had to, the private properties of any of the Seller Related Entities other than Seller and any liability of Seller hereunder and under the documents executed and delivered by Seller at Closing shall be expressly
limited as set forth in Sections 7.2, 8.2, 8.3, 13.1 and 17.14 of this Agreement. All documents to be executed by Seller shall, whether or not they contain the foregoing exculpation, be governed thereby. Purchaser
acknowledges that the entities constituting Seller are each special purpose entities and that they shall be responsible only for their own respective obligations under this Agreement. 

17.15. Escrow Agreement. 
 17.15.1. Instructions. Purchaser and Seller each shall promptly deposit a copy of this Agreement executed by such party (or either of them shall deposit a copy executed by both Purchaser and
Seller) with Escrow Agent, and, upon receipt of the Deposit from Purchaser, Escrow Agent shall immediately execute this Agreement where provided below. This Agreement, together with such further instructions, if any, as the parties shall provide to
Escrow Agent by written agreement, shall constitute the escrow instructions. If any requirements relating to the duties or obligations of Escrow Agent hereunder are not acceptable to Escrow Agent, or if Escrow Agent requires additional instructions,
the parties hereto agree to make such deletions, substitutions and additions hereto as counsel for Purchaser and Seller shall mutually approve, which additional instructions shall not substantially alter the terms of this Agreement unless otherwise
expressly agreed to by Seller and Purchaser. 

  
 38 

  
 17.15.2. Real
Estate Reporting Person. Escrow Agent is hereby designated the “real estate reporting person” for purposes of Section 6045 of Title 26 of the United States Code and Treasury Regulation 1.6045-4 and any instructions or
settlement statement prepared by Escrow Agent shall so provide. Upon the consummation of the transaction contemplated by this Agreement, Escrow Agent shall file Form 1099 information return and send the statement to Seller as required under the
aforementioned statute and regulation. Seller and Purchaser shall promptly furnish their federal tax identification numbers to Escrow Agent and shall otherwise reasonably cooperate with Escrow Agent in connection with Escrow Agent’s duties as
real estate reporting person. 
 17.15.3. Liability of Escrow Agent. The parties acknowledge that the Escrow Agent
shall be conclusively entitled to rely, except as hereinafter set forth, upon a certificate from Purchaser or Seller as to how the Deposit (which, for purposes of this Section shall be deemed to also include any other escrowed funds held by
the Escrow Agent pursuant to this Agreement) should be disbursed. Any notice sent by Seller or Purchaser (the “Notifying Party”) to the Escrow Agent shall be sent simultaneously to the other noticed parties pursuant to
Section 17.1 herein (the “Notice Parties”). If the Notice Parties do not object to the Notifying Party’s notice to the Escrow Agent within ten (10) days after the Notice Parties’ receipt of the
Notifying Party’s certificate to the Escrow Agent, the Escrow Agent shall be able to rely on the same. If the Notice Parties send, within such ten (10) days, written notice to the Escrow Agent disputing the Notifying Party’s
certificate, a dispute shall exist and the Escrow Agent shall hold the Deposit as hereinafter provided. The parties hereto hereby acknowledge that Escrow Agent shall have no liability to any party on account of Escrow Agent’s failure to
disburse the Deposit if a dispute shall have arisen with respect to the propriety of such disbursement and, in the event of any dispute as to who is entitled to receive the Deposit, disburse them in accordance with the final order of a court of
competent jurisdiction, or to deposit or interplead such funds into a court of competent jurisdiction pending a final decision of such controversy. The parties hereto further agree that Escrow Agent shall not be liable for failure of any depository
and shall not be otherwise liable except in the event of Escrow Agent’s gross negligence or willful misconduct. The Escrow Agent shall be reimbursed on an equal basis by Purchaser and Seller for any reasonable expenses incurred by the Escrow
Agent arising from a dispute with respect to the Deposit. The obligations of Seller with respect to the Escrow Agent are intended to be binding only on Seller and Seller’s assets and shall not be personally binding upon, nor shall any resort be
had to, the private properties of any of the partners, officers, directors, shareholders or beneficiaries of Seller, or of any partners, officers, directors, shareholders or beneficiaries of any partners of Seller, or of any of Seller’s
employees or agents. The obligations of Purchaser with respect to the Escrow Agent are intended to be binding only on Purchaser and Purchaser’s assets and shall not be personally binding upon, nor shall any resort be had to, the private
properties of any of the partners, officers, directors, shareholders or beneficiaries of Purchaser, or of any partners, officers, directors, shareholders or beneficiaries of any partners of Purchaser, or of any of Purchaser’s employees or
agents. The parties hereto irrevocably agree that any legal action or proceeding arising out of or relating to this Section 17.15 may be brought in the Courts of the State of New Jersey, or the Federal District Court for the District of
New Jersey. By execution and delivery of this Agreement, the parties hereto (including Escrow Agent) hereby irrevocably accept and submit generally and unconditionally, to the jurisdiction of any such court in any such action or proceeding, and
hereby waive in the case of any such action or proceeding brought in 

  
 39 

 
the courts of the State of New Jersey, or Federal District Court for the District of New Jersey, any defenses based on jurisdiction, venue or forum non conveniens. The terms and provisions of
Section 17.15 of this Agreement shall survive Closing and/or the termination of this Agreement. 
 17.16. No
Recording. Except as otherwise specifically provided herein, neither this Agreement nor any memorandum or short form hereof shall be recorded or filed in any public land or other public records of any jurisdiction, by either party and any
attempt to do so may be treated by the other party as a breach of this Agreement; provided that Purchaser shall not be prevented from making any filing with the Securities and Exchange Commission required by law. Purchaser shall provide Seller with
prior written notice of any proposed SEC filing and shall limit such filing only to such abstract or redacted version as may be the minimum necessary for such compliance. 
 17.17. Waiver of Trial by Jury. The respective parties hereto shall and hereby do waive trial by jury in any action, proceeding or counterclaim brought by either of the parties hereto
against the other on any matters whatsoever arising out of or in any way connected with this Agreement, or for the enforcement of any remedy under any statute, emergency or otherwise. 

17.18. All Property Only. Seller and Purchaser hereby acknowledge that the Property is to be purchased in its entirety. In
furtherance thereof, in the event that any condition precedent is not satisfied with respect to less than all of the Property, or any other condition arises with respect to less than all of the Property which entitles Purchaser to exercise its
remedies under this Agreement, Purchaser shall have no right to purchase less than all of the Property. 
 17.19. 1031
Exchange. Purchaser acknowledges that Seller may elect to convey all or a portion of the Property in connection with the completion of a tax-deferred exchange under Section 1031 of the Internal Revenue Code of 1986 (including, but not
limited to, an interim conveyance to or through a qualified intermediary). In connection therewith, Purchaser agrees to permit an assignment of this Agreement by the Seller in furtherance thereof. Purchaser hereby agrees to take such steps as Seller
may reasonably require in order to complete the tax-deferred exchange including, without limitation, accepting or delivering payment of all or a portion of the Purchase Price from or to a third party and executing all documents reasonably necessary
to effectuate such transfer; provided, however, that (i) no delay or extension of the Closing Date or any other time period for performance set forth herein shall be implied by such requirement of cooperation, and (ii) in no event will
Purchaser be obligated to (x) acquire or take title to any property other than the Property, or (y) pay or apply any consideration in excess of the amounts, or at any time sooner than, as required under this Agreement, (iii) the
assignment of this Agreement by Seller shall not affect Purchaser’s rights and remedies against Seller as provided by this Agreement, (iv) Purchaser shall not be obligated to incur any debt or incur any personal liability with respect to
any replacement property, and (v) Purchaser shall not be required to make any warranties or representations in addition to those contained herein or perform any additional covenants in favor of Seller or any other person. Seller shall indemnify
and hold Purchaser harmless from and against any and all claims, costs, or liabilities incurred by Purchaser arising out of or connected with Purchaser’s cooperation with the exchange transaction contemplated by this Section 17.19.
In addition to and not in limitation of any of Seller’s other 

  
 40 

 
rights under this Agreement, to facilitate Seller’s accomplishment of a tax-deferred exchange under Section 1031 of the Internal Revenue Code of 1986, Seller shall have the right, upon
written notice to Purchaser delivered not later than November 30, 2010, to postpone the Closing Date from the date the Closing Date would otherwise occur under this Agreement for a period not to exceed ninety (90 days) but in no event beyond
March 31, 2011. Seller shall identify the Closing Date in such written notice. 
 17.20 Financial Accounting
Statement. Seller agrees to reasonably cooperate with Purchaser at no cost, liability or expense to Seller, in connection with the preparation and delivery of an audit letter and credit statements required under Section 3-14 of
Regulation S-X as promulgated by the Securities and Exchange Commission, including, making Seller’s books and records relating to the Property and containing information necessary to fulfill such reporting requirement available to Purchaser for
inspection, copying and audit by Purchaser’s representatives at Purchaser’s expense. The provisions of this Section shall survive the Closing for a period of one hundred eighty (180) days. 

[SIGNATURES ON FOLLOWING PAGE] 

  
 41 

  
 IN WITNESS
WHEREOF, the parties hereto have executed this Agreement under seal on the date or dates set forth below. 
  

							
	SELLER:
	
	70 HUDSON STREET L.L.C., a New Jersey limited liability company
	
	By: 70 Hudson Land Corp., its managing member
			
		 	By:	 	 /s/ Constantino T. Milano

		 		 	Name:	 	Constantino T. Milano
		 		 	Title:	 	Executive Vice President
	
	70 HUDSON STREET URBAN RENEWAL ASSOCIATES, L.L.C., a New Jersey limited liability company
	
	 By: 70 Hudson Corp.,

its managing member

			
		 	By:	 	 /s/ Constantino T. Milano

		 		 	Name:	 	Constantino T. Milano
		 		 	Title:	 	Executive Vice President
	
	PURCHASER:
	
	RT 70 HUDSON, LLC, a Delaware limited liability company
		
	By:	 	 /s/ Charles W. Hessel

	Name:	 	 Charles W. Hessel

	Title:	 	 Vice President

	
	ESCROW AGENT:
	
	CHICAGO TITLE INSURANCE COMPANY
		
	By:	 	 /s/ Ralph A. Romano

	Name:	 	 Ralph A. Romano

	Title:	 	 Vice President

  
 42

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