Document:

Amendment to Rights Agreement, bet Hologic, Inc. & American Stock Transfer

 Exhibit 4.2 
 AMENDMENT TO RIGHTS AGREEMENT 
 This Amendment (this “Amendment”), dated as of May 21,
2007, to the Rights Agreement dated as of September 17, 2002 (the “Rights Agreement”), between Hologic, Inc., a Delaware corporation (the “Company”), and American Stock Transfer & Trust Company, a New York trust
company (the “Rights Agent”). 
 RECITALS 
 WHEREAS, the Company and the Rights Agent have heretofore executed and entered into the Rights Agreement. 
 WHEREAS, the Board of Directors of the Company has approved a certain Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, Nor’easter Corp., a Delaware corporation and wholly owned subsidiary of the
Company (“Merger Subsidiary”), and Cytyc Corporation, a Delaware corporation (“Cytyc”) at a meeting of the board of directors of the Company held on May 19, 2007, pursuant to which Cytyc will be merged with and into Merger
Subsidiary (the “Merger”), and the stockholders of Cytyc will become stockholders of the Company. 
 WHEREAS, pursuant to the terms
of Section 27 of the Rights Agreement, for so long as the Rights are then redeemable, the Company may in its sole and absolute discretion, and the Rights Agent shall if the Company so directs, supplement and amend the Rights Agreement in any
respect without the approval of any holders of the Rights. 
 WHEREAS, the Rights are redeemable pursuant to the terms of the Rights
Agreement. 
 WHEREAS, the Board of Directors of the Company has determined that an amendment to the Rights Agreement as set forth herein is
necessary and desirable in connection with the foregoing and the Company and the Rights Agent desire to evidence such amendment in writing. 
 WHEREAS, capitalized terms used but not otherwise defined in this Amendment shall have the meanings given them in the Rights Agreement. 
 NOW, THEREFORE, in consideration of the promises and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. AMENDMENT OF SECTION 1. Section 1 of the Rights Agreement is hereby amended and supplemented to add the following definitions in the
appropriate locations: 
 “Cytyc” means Cytyc Corporation, a Delaware corporation. 
  

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 “Merger” shall mean the “Merger” as such term is defined in the Merger Agreement.

 “Merger Agreement” shall mean the Agreement and Plan of Merger, dated as of May 20, 2007, by and between the Company,
Merger Subsidiary, and Cytyc, as it may be amended from time to time. 
 “Merger Subsidiary” means Nor’easter Corp., a
Delaware corporation and wholly owned subsidiary of the Company. 
 2. AMENDMENT OF THE DEFINITION OF “ACQUIRING PERSON”. The
definition of “Acquiring Person” in Section 1 of the Rights Agreement is hereby amended and restated so that such subparagraph reads in its entirety as follows: 
 “Acquiring Person” shall mean any Person who or which, together with all Affiliates and Associates of such Person, shall be the Beneficial Owner
of 15% or more of the Common Shares of the Company then outstanding, but shall not include an Exempt Person. Notwithstanding the foregoing, (1) no Person shall become an “Acquiring Person” as the result of an acquisition of Common
Shares by the Company which, by reducing the number of shares outstanding, increases the proportionate number of shares beneficially owned by such Person to 15% or more of the Common Shares of the Company then outstanding; provided, however, that if
a Person shall so become the Beneficial Owner of 15% or more of the Common Shares of the Company then outstanding by reason of an acquisition of Common Shares by the Company and shall, after such share purchases by the Company, become the Beneficial
Owner of an additional 1% of the outstanding Common Shares of the Company, then such Person shall be deemed to be an “Acquiring Person”; (2) if the Board of Directors of the Company determines in good faith that a Person who would
otherwise be an “Acquiring Person,” as defined pursuant to the foregoing provisions of this paragraph, has become such inadvertently (including, without limitation, because (i) such Person was unaware that it Beneficially Owned a
percentage of Common Shares that would otherwise cause such Person to be an “Acquiring Person” or (ii) such Person was aware of the extent of its Beneficial Ownership of Common Shares but had no actual knowledge of the consequences of
such Beneficial Ownership under this Agreement) and without any intention of changing or influencing control of the Company, and such Person divests as promptly as practicable a sufficient number of Common Shares so that such Person would no longer
be an “Acquiring Person,” as defined pursuant to the forgoing provisions of this paragraph, then such Person shall not be deemed to have become an “Acquiring Person,” for any purposes of this Agreement; and (3) an
underwriter or underwriters which become the Beneficial Owner of 15% or more of the Common Shares of the Corporation then outstanding in connection with an underwritten offering with a view to the distribution of such Common Shares shall not become
an “Acquiring Person” hereunder. Notwithstanding anything in 

  

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this Agreement that might otherwise be deemed to the contrary, neither Cyclone, Merger Subsidiary, nor any of either such parties’ Affiliates or
Associates shall be deemed to be an Acquiring Person solely by reason of: (i) the approval, execution or delivery of the Merger Agreement, including any amendment or supplement thereto; (ii) the announcement or consummation of the Merger;
or (iii) the consummation of any of the transactions specifically contemplated by the Merger Agreement, each upon the terms and subject to the conditions of the Merger Agreement. For purposes of this Agreement, any calculation of the number of
Common Shares outstanding at any particular time, including for purposes of determining the particular percentage of outstanding Common Shares of which any Person is the Beneficial Owner, shall be made in accordance with the last sentence of Rule
13d-3(d)(1)(i) of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as in effect on the date of this Agreement. “Affiliate” and “Associate” shall have the
respective meanings ascribed to such terms in Rule 12b-2 under the Exchange Act, as in effect on the date of this Agreement. 
 3. AMENDMENT
OF THE DEFINITION OF “DISTRIBUTION DATE”. The definition of “Distribution Date” in Section 1 of the Rights Agreement is hereby amended and supplemented by adding the following sentence at the end thereof: 
 “Notwithstanding anything in this Rights Agreement to the contrary, no Distribution Date shall be deemed to have occurred solely as the result of
(i) the approval, execution or delivery of the Merger Agreement, including any amendment or supplement thereto; (ii) the announcement or consummation of the Merger; or (iii) the consummation of any of the transactions specifically
contemplated by the Merger Agreement, each upon the terms and subject to the conditions of the Merger Agreement.” 
 4. AMENDMENT OF THE
DEFINITION OF “SHARES ACQUISITION DATE”. The definition of “Shares Acquisition Date” in Section 1 of the Rights Agreement is hereby amended and supplemented by adding the following sentence at the end thereof: 
 “Notwithstanding anything in this Rights Agreement to the contrary, no Shares Acquisition Date shall be deemed to have occurred solely as the result
of (i) the approval, execution or delivery of the Merger Agreement, including any amendment or supplement thereto; (ii) the announcement or consummation of the Merger; or (iii) the consummation of any of the transactions specifically
contemplated by the Merger Agreement, each upon the terms and subject to the conditions of the Merger Agreement.” 
 5. AMENDMENT OF
SECTION 3. Section 3 of the Rights Agreement is hereby amended and supplemented to add the following sentence at the end thereof as Section 3(d): 
  

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 “Nothing in this Rights Agreement shall be construed to give any holder of Rights or any other
Person any legal or equitable rights, remedies or claims under this Rights Agreement by virtue of the execution of the Merger Agreement or by virtue of (i) the approval, execution or delivery of the Merger Agreement, including any amendment or
supplement thereto; (ii) the announcement or consummation of the Merger; or (iii) the consummation of any of the transactions specifically contemplated by the Merger Agreement, each upon the terms and subject to the conditions of the
Merger Agreement.” 
 6. EFFECTIVENESS. This Amendment shall become effective as of the date of the Merger Agreement. 
 7. REAFFIRMATION OF RIGHTS AGREEMENT. Except as specifically amended by this Amendment, the Rights Agreement shall remain in full force and effect.

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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date
first above written. 
  

			
	HOLOGIC, INC.
		
	By:	 	 /s/ Glenn P. Muir

	Name:	 	Glenn P. Muir
	Title:	 	Executive Vice President and
		 	Chief Financial Officer
	
	 AMERICAN STOCK TRANSFER &
 TRUST
COMPANY

		
	By:	 	 /s/ Herbert J. Lemmer

	Name:	 	Herbert J. Lemmer
	Title:	 	Vice President

  

 5Escrow Agreement

 Exhibit 10.1 
 ESCROW AGREEMENT 
 BETWEEN CNL INCOME PROPERTIES, INC. 
 AND WELLS FARGO BANK, NATIONAL ASSOCIATION 
 THIS ESCROW AGREEMENT (the “Agreement”) is dated this 15th day of May, 2007 (the “Effective Date”), by and between CNL INCOME PROPERTIES, INC., a Maryland corporation (the “Company”) and Wells Fargo Bank,
National Association as escrow agent (the “Escrow Agent”). 
 WHEREAS, the Company is offering and selling, on a best-efforts basis
through CNL Securities Corp., the managing dealer for the offering (the “Managing Dealer”), and selected broker-dealers that are registered with the National Association of Securities Dealers, Inc. or that are exempt from such
broker-dealer registration (the Managing Dealer and such selected broker-dealers are hereinafter referred to collectively as the “Soliciting Dealers”), up to 200,000,000 shares of common stock of the Company (the “Shares”) to
investors (the “Offering”) pursuant to a prospectus as amended from time to time and filed with the Securities and Exchange Commission as part of registration statement file no. 333-128662 (the “Offering Document”). The current
form of the prospectus is attached hereto as Exhibit A; 
 WHEREAS, the Company desires to establish an escrow account in which funds
received from subscribers will be deposited, and the Escrow Agent is willing to serve upon the terms and conditions herein set forth; and 
 WHEREAS, in order to subscribe for Shares, a subscriber must deliver an executed subscription agreement in substantially the form attached as Appendix C to the Offering Document attached as Exhibit A hereto along with the full amount
of its subscription, subject to volume discounts or net of commission sales as applicable: (i) by check in U.S. dollars, (ii) by wire transfer of immediately available funds in U.S. dollars, or (iii) as otherwise agreed to by the
Company (collectively, the “Payment”). The Company shall instruct any Soliciting Dealers that any such wire transfers shall be in accordance with the instructions provided at Exhibit B. 
 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
by the parties, the parties covenant and agree as follows: 
  

	1.	Establishment of Escrow Accounts. On or prior to May 15, 2007, the Company shall establish an interest-bearing escrow account with the Escrow Agent, which escrow account
shall be entitled “WFBNA, ESCROW AGENT FOR CNL INCOME PROPERTIES, INC.” (the “Escrow Account”). All monies deposited in the Escrow Account are hereinafter referred to as the “Escrowed Funds.” The Company will cause
Soliciting Dealers to instruct subscribers to make Payments for subscriptions payable to the order of the Escrow Agent or the Company. Soliciting Dealers that are “$250,000 broker-dealers” may be authorized to instruct their customers to
make Payments payable directly to the Soliciting Dealer. In such case, the Soliciting Dealer will collect the proceeds of the subscribers’ Payments and issue funds made payable to the order of the Escrow Agent for the aggregate amount of the
subscription proceeds for deposit into the Escrow Account. 

	2.	Deposits into the Escrow Account. The Company or any authorized Soliciting Dealer will promptly deliver all Payments to the Escrow Agent for deposit in the Escrow Account.

  

	3.	Collection Procedure. 

  

	 	(a)	The Escrow Agent is hereby authorized to forward each Payment for collection and, upon collection of the proceeds of each Payment, to deposit the collected proceeds in the Escrow
Account. 

  

	 	(b)	Any Payment returned unpaid to the Escrow Agent shall be returned to the Company or Soliciting Dealer that submitted the Payment. In such cases the Escrow Agent will promptly notify
the Company of such return. 

  

	 	(c)	In the event that the Company rejects any subscription for Shares and the Escrow Agent has already collected funds for such subscription, the Escrow Agent shall promptly issue a
refund Payment to the drawer of the Payment submitted by or on behalf of the rejected or withdrawing subscriber. If the Escrow Agent has not yet collected funds for such subscription but has submitted the Payment relating to such subscription for
collection, the Escrow Agent shall promptly issue a Payment in the amount of such Payment to the rejected or withdrawing subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted the Payment relating to the
subscription of the rejected or withdrawing subscriber, the Escrow Agent shall promptly remit such Payment directly to the drawer of the Payment submitted by or on behalf of the subscriber. 

  

	4.	Identity of Subscribers. From time to time, the Company shall furnish upon request of the Escrow Agent, a list of the subscribers who have paid for the Shares showing the
name, tax identification number, amount of Shares subscribed for and the amount paid which in the Escrow Agent’s discretion is needed by the Escrow Agent to perform its services hereunder . The Escrow Agent will not use the information provided
to it by the Company for any purpose other than to fulfill its obligations as Escrow Agent. The Escrow Agent will treat all subscriber information as confidential. 

  

	5.	Investment of Escrowed Funds. The Escrow Agent, immediately upon deposit of each Payment in the Escrow Account, it shall invest such Escrowed Funds in interest-bearing
accounts, bank money market accounts, short-term certificates of deposit issued by a bank, short-term securities directly or indirectly issued or guaranteed by the United States Government, or other short-term, highly liquid investments with
appropriate safety of principal, all as directed by the Company. In the absence of any such direction by the Company, the Escrow Agent is hereby directed to invest each Payment received by it in the Wells Fargo Advantage Government Money Market
Fund, Admin Class Shares. Interest and dividends earned on such investments shall be similarly reinvested. 

  

	6.	Distribution of Escrowed Funds. From time to time, the Escrow Agent shall release from the Escrow Account to the Company any and all collected Escrowed Funds, upon written
request of an officer of the Company (a “Release Request”). The Escrow Agent shall hold subscribers’ Payments in the Escrow Account until the funds have been collected and until the receipt of a Release Request, each of which shall be
delivered by the Company following the Company’s acceptance of the respective subscriber’s subscription and admission of such subscriber as a stockholder. 

  

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	7.	Term of Escrow. The “Termination Date” shall be the earlier of (i) the expiration of the Offering on April 4, 2008, provided that the Company may extend
this date by 60 days upon written notice to the Escrow Agent; (ii) the date the Escrow Agent receives written notice from the Company that it is abandoning or stopping the sale of the Shares; (iii) the date the Escrow Agent receives notice
from the Securities and Exchange Commission or any other federal or state regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days or
(iv) the date the Escrow Agent institutes an interpleader action. After the Termination Date the Company shall not deposit, and the Escrow Agent shall not accept, any additional amounts representing payments by prospective Investors.

  

	8.	Indemnification of Escrow Agent. From and at all times after the date of this Agreement, the Company shall, to the fullest extent permitted by law, defend, indemnify and hold
harmless Escrow Agent and each director, officer, employee, attorney, agent and affiliate of Escrow Agent (collectively, the “Indemnified Parties”) against any and all actions, claims (whether or not valid), losses, damages, liabilities,
costs, taxes, penalties and expenses of any kind or nature whatsoever (including without limitation reasonable attorneys' fees, costs and expenses) incurred by or asserted against any of the Indemnified Parties from and after the date hereof,
whether direct, indirect or consequential, as a result of or arising from or in any way relating to any claim, demand, suit, action or proceeding (including any inquiry or investigation) by any person, including without limitation the Company,
whether threatened or initiated, asserting a claim for any legal or equitable remedy against any person under any statute or regulation, including, but not limited to, any federal or state securities laws, or under any common law or equitable cause
or otherwise, arising from or in connection with the negotiation, preparation, execution, performance or failure of performance of this Agreement or any transactions contemplated herein, whether or not any such Indemnified Party is a party to any
such action, proceeding, suit or the target of any such inquiry or investigation; provided, however, that no Indemnified Party shall have the right to be indemnified hereunder for any liability finally determined by a court of competent
jurisdiction to have resulted primarily from the gross negligence, or willful misconduct of such Indemnified Party. Each Indemnified Party shall, in its sole discretion, have the right to select and employ separate counsel with respect to any action
or claim brought or asserted against it, and the reasonable fees of such counsel shall be paid upon demand by the Company. The obligations of the Company under this Section 8 shall survive any termination of this Agreement and the resignation
or removal of Escrow Agent. 

  

	9.	Duties and Limitation on Liability of the Escrow Agent. The sole duty of the Escrow Agent shall be to receive and invest Payments and to hold them subject to release in
accordance herewith, and the Escrow Agent shall be under no duty to determine whether the Company is complying with requirements of this Agreement, the Offering Document or applicable law in tendering the Payments to the Escrow Agent. No other
agreement entered into by or between the Soliciting Dealers and the Company shall be considered as adopted or binding, in whole or in part, upon the Escrow Agent notwithstanding that any such other agreement may be referred to herein or deposited
with the Escrow Agent or the Escrow Agent may have knowledge thereof, and the Escrow Agent’s rights and responsibilities shall be governed solely by this Agreement. The Escrow Agent shall not be responsible for or be required to enforce any of
the terms or conditions of any Offering Document or other agreement between the Company and any other party. 

  

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 The Escrow Agent may conclusively rely upon and shall be protected in acting upon any statement,
certificate, notice, request, consent, order or other document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Escrow Agent shall have no duty or liability to verify any such statement,
certificate, notice, request, consent, order or other document, and its sole responsibility shall be to act only as expressly set forth in this Agreement. Concurrent with the execution of this Agreement, the Company shall deliver to the Escrow Agent
and attach as Exhibit C a list of authorized signers on the Escrow Account. The Escrow Agent shall be under no obligation to institute or defend any action, suit or proceeding in connection with this Agreement unless first indemnified to its
satisfaction. The Escrow Agent may consult counsel of its own choice with respect to any question arising under this Agreement and the Escrow Agent shall not be liable for any action taken or omitted in good faith upon advice of such counsel. The
Escrow Agent shall not be liable for any action taken or omitted by it except to the extent that a court of competent jurisdiction determines that the Escrow Agent’s gross negligence, or willful misconduct was the primary cause of loss.

 The Escrow Agent is acting solely as escrow agent hereunder and owes no duties, covenants or obligations, fiduciary or otherwise, to any
other person by reason of this Agreement, except as otherwise stated herein, and no implied duties, covenants or obligations, fiduciary or otherwise, shall be read into this Agreement against the Escrow Agent. 
 In the event of any disagreement between any of the parties to this Agreement, or between any of them and any other person, including any subscriber,
resulting in adverse claims or demands being made in connection with the matters covered by this Agreement, or in the event that the Escrow Agent is in doubt as to what action it should take hereunder, the Escrow Agent may, at its option, refuse to
comply with any claims or demands on it, or refuse to take any other action hereunder, so long as such disagreement continues or such doubt exists, and in any such event, the Escrow Agent shall not be or become liable in any way or to any person for
its failure or refusal to act, and the Escrow Agent shall be entitled to continue so to refrain from acting until (i) the rights of all interested parties shall have been fully and finally adjudicated by a court of competent jurisdiction, or
(ii) all differences shall have been adjudged and all doubt resolved by agreement among all of the interested persons, and the Escrow Agent shall have been notified thereof in writing signed by all such persons. Notwithstanding the foregoing,
the Escrow Agent may in its discretion obey the order, judgment, decree or levy of any court of competent jurisdiction, and the Escrow Agent is hereby authorized in its sole discretion to comply with and obey any such orders, judgments, decrees or
levies. In the event that any controversy should arise with respect to this Agreement, the Escrow Agent shall have the right, at its option, to institute an interpleader action in any court of competent jurisdiction to determine the rights of the
parties. 
 EXCEPT IN THE CASE OF THE ESCROW AGENT’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, IN NO EVENT SHALL THE ESCROW AGENT BE
LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL LOSSES OR DAMAGES OF ANY KIND WHATSOEVER 

  

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(INCLUDING WITHOUT LIMITATION LOST PROFITS), EVEN IF THE ESCROW AGENT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES AND REGARDLESS OF THE
FORM OF ACTION. 
 The parties agree that the Escrow Agent has had and shall have no role in the preparation of the Offering Document or any
other offering document, has not reviewed any such documents and makes no representations or warranties with respect to the information contained therein or omitted therefrom. 
 The Escrow Agent shall have no obligation, duty or liability with respect to compliance with any federal or state securities, disclosure or tax laws
concerning the Offering Document, or the issuance, offering or sale of the Shares. 
 The Escrow Agent shall have no duty or obligation to
monitor the application and use of the Escrowed Funds once transferred to the Company, that being the sole obligation and responsibility of the Company. 
 Under no circumstances shall the Escrow Agent be required to risk or advance its own funds or otherwise incur financial liability in the performance of its duties or the exercise of its rights hereunder. 

 

	10.	Inability to Deliver. In the event that Payments for subscriptions delivered to the Escrow Agent by the Company pursuant to this Agreement are not cleared through normal
banking channels within 120 days after such delivery, the Escrow Agent shall deliver such uncleared Payments to the Company. 

  

	11.	Notice. All notices, requests, demands and other communications or deliveries required or permitted to be given hereunder shall be in writing and shall be deemed to have been
duly given if delivered personally, given by facsimile confirmed by telephone call or deposited for mailing, first class, postage prepaid, registered or certified mail, as follows: 

  

			
	 If to the subscribers for Shares:
	  	 To their respective addresses as specified in their
 Subscription Agreements.

		
	If to the Company:	  	CNL Income Properties, Inc.
		  	CNL Center at City Commons
		  	450 South Orange Avenue
		  	Orlando, Florida 32801
		  	 Attention: Tammie A. Quinlan, Chief Financial
 Officer
and Executive Vice President; and Amy
 Sinelli, Senior Vice President and Corporate
 Counsel

		  	(407) 650 – 1000 telephone
		  	(407) 540 – 2544 facsimile

  

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	If to the Escrow Agent:	  	Wells Fargo Bank, NA
		  	Corporate Trust Group
		  	301 E. Pine Street, Suite 1150
		  	Orlando, FL 32801
		  	Attention: Laura Upham
		  	407-514-2566 telephone
		  	407-514-2575 facsimile

  

	12.	Fees to Escrow Agent. In consideration of the services to be provided by the Escrow Agent hereunder, the Company agrees to pay the fees to the Escrow Agent as disclosed in
the Fee Agreement and attached hereto as Exhibit D. 

  

	13.	General. 

  

	 	(a)	This Agreement shall be interpreted, construed and enforced in all respects in accordance with the laws of the State of Florida applicable to contracts to be made and performed
entirely in said state. 

  

	 	(b)	The section headings contained herein are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement. 

  

	 	(c)	This Agreement sets forth the entire agreement and understanding of the parties with regard to this escrow transaction and supersedes all prior agreements, arrangements and
understandings relating to the subject matter hereof. 

  

	 	(d)	This Agreement may be amended, modified, superseded or cancelled, and any of the terms or conditions hereof may be waived, only by a written instrument executed by each party hereto
or, in the case of a waiver, by the party waiving compliance. The failure of any party at any time or times to require performance of any provision hereof shall in no manner affect the right at a later time to enforce the same. No waiver in any one
or more instances by any party of any condition, or of the breach of any term contained in this Agreement, whether by conduct or otherwise, shall be deemed to be, or construed as, a further or continuing waiver of any such condition or breach, or a
waiver of any other condition or of the breach of any other terms of this Agreement. 

  

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

  

	 	(f)	 This Agreement shall inure to the benefit of the parties hereto and their respective administrators, successors, and assigns. Any corporation or association into
which the Escrow Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or transfer all or substantially all of its corporate trust business and assets as a whole or substantially as a whole, or any
corporation or association resulting from any such conversion, sale, merger, consolidation or transfer to which the 

  

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Escrow Agent is a party, shall be and become the successor Escrow Agent under this Agreement and shall have and succeed to the rights, powers, duties,
immunities and privileges as its predecessor, without the execution or filing of any instrument or paper or the performance any further act. 

  

	14.	Representation of the Company. The Company hereby acknowledges that the status of the Escrow Agent with respect to the offering of the Shares is that of agent only for the
limited purposes herein set forth, and hereby agrees it will not represent or imply that the Escrow Agent, by serving as the Escrow Agent hereunder or otherwise, has investigated the desirability or advisability of an investment in the Shares, or
has approved, endorsed or passed upon the merits of the Shares, nor shall the Company use the name of the Escrow Agent in any manner whatsoever in connection with the offer or sale of the Shares, other than by acknowledgement that it has agreed to
serve as Escrow Agent for the limited purposes herein set forth. 

  

	15.	Resignation of Escrow Agent. Should, at any time, this Agreement be modified in a manner that would increase the duties and responsibilities of the Escrow Agent, or in any
manner that the Escrow Agent shall deem undesirable, the Escrow Agent may resign by notifying the Company. Such resignation shall become effective on the earlier to occur of (i) the appointment and acceptance by a successor Escrow Agent or
(ii) sixty (60) days following the date upon which notice was mailed. Until such time as the Escrow Agent has resigned in accordance herewith, the Escrow Agent shall perform its duties hereunder in accordance with the terms of this
Agreement. If a successor escrow agent is not appointed within the 60-day period following such notice, the Escrow Agent may petition any court of competent jurisdiction to name a successor escrow agent or interplead the Payments with such court,
whereupon the Escrow Agent’s duties hereunder shall terminate. 

  

	16.	Acts of God. The Escrow Agent shall not be responsible for any failure or delay in the performance of its obligations under this Agreement arising out of or caused, directly
or indirectly, by circumstances beyond its reasonable control, including without limitation, acts of God, earthquakes, fires, floods, wars, civil or military disturbances, sabotage, epidemics, riots, interruptions, loss or malfunctions of utilities,
computer (hardware or software) or communication service, accidents, labor disputes, acts of civil or military authority, or governmental actions. 

  

	17.	Dealings. The Escrow Agent and any stockholder, director, officer or employee of the Escrow Agent may buy, sell and deal in any securities of the Company or any affiliates of
the Company and may contract and lend money to the Company or any affiliates of the Company. 

 [SIGNATURES ON FOLLOWING PAGE]

  

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 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first above written.

  

											
		 		 		 		 	CNL INCOME PROPERTIES, INC.	 	
						
		 		 		 	By:	 	 /s/ Tammie A. Quinlan
	 	
		 		 		 	Name:	 	Tammie A. Quinlan	 	
		 		 		 	Title:	 	Chief Financial Officer and Executive Vice President	 	
						
		 		 		 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION	 	
		 		 		 		 	As Escrow Agent	 	
						
	Attest:	 	 /s/ Marylou R. Frey
	 		 	By:	 	 /s/ Laura T. Upham
	 	
	Name:	 	Marylou R. Frey	 		 	Name:	 	Laura T. Upham	 	
	Title:	 	Vice President	 		 	Title:	 	Vice President	 	

  

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 EXHIBIT A 
 Prospectus dated April 20, 2007 
  

 9 

 EXHIBIT B 
 Wire Instructions 
  

 10 

 EXHIBIT C 
 CNL Income Properties, Inc. 
 Authorized Signers List 
  

 11 

 EXHIBIT D 
 Fee Agreement 
  

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