Document:

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                                                                    EXHIBIT 10.8

                         AGREEMENT FOR PURCHASE AND SALE
                    OF REAL PROPERTY AND ESCROW INSTRUCTIONS

THIS AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY AND ESCROW INSTRUCTIONS
("Agreement") is made and entered into as of this 3rd day of November, 2005, by
and between NNN Oakey Building 2003, LLC, a Delaware limited liability company,
("Seller"), and Trans-Aero Land & Development Corporation and/or nominee
("Buyer"), with reference to the following facts:

      A.    Seller owns certain real property located in Clark County, Nevada
            and more specifically described in Exhibit A attached hereto (the
            "Land"), commonly known as the Oakey Building and such other assets,
            as the same are herein described.

      B.    Seller desires to sell to Buyer and Buyer desires to purchase from
            Seller the Land and the associated assets.

NOW, THEREFORE, in consideration of the mutual covenants, premises and
agreements herein contained, the parties hereto do hereby agree as follows:

1.    Purchase and Sale.

            1.1.  The purchase and sale includes, and at Close of Escrow
                  (hereinafter defined) Seller shall sell, assign, grant and
                  transfer to Buyer, Seller's entire right and interest in and
                  to all of the following (hereinafter sometimes collectively,
                  the "Property"):

              1.1.1. The Land, together with all structures, buildings,
                     improvements, machinery, fixtures, and equipment affixed or
                     attached to the Land and all easements and rights
                     appurtenant to the Land (all of the foregoing being
                     collectively referred to herein as the "Real Property");

              1.1.2. The lease (the "Lease"), including any amendments, with the
                     tenant ("Tenant") leasing the Real Property as of the date
                     of this Agreement or hereafter entered into in accordance
                     with the terms hereof prior to Close of Escrow, together
                     with all security deposits, other deposits held in
                     connection with the Lease, lease guarantees and other
                     similar credit enhancements providing additional security
                     for the Lease;

              1.1.3. All tangible and intangible personal property owned by
                     Seller located on or used in connection with the Real
                     Property, including, specifically, without limitation,
                     equipment, furniture, tools and supplies, and all related
                     intangibles including, without limitation,

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                     Seller's interest, if any, in the name "Oakey Building"
                     (the "Personal Property");

              1.1.4. All service contracts, agreements, warranties and
                     guaranties relating to the operation of the Property (the
                     "Contracts"); and

              1.1.5. To the extent transferable, all building permits,
                     certificates of occupancy and other certificates, permits,
                     licenses and approvals relating to the Property (the
                     "Permits").

2.    Purchase Price.

      The total Purchase Price of the Property shall be TWENTY TWO MILLION TWO
      HUNDRED FIFTY THOUSAND Dollars ($22,250,000.00) ("Purchase Price") payable
      as follows:

            2.1.  Deposit/Further Payments/Down Payment.

              2.1.1. Concurrent with Opening of Escrow (as hereinafter defined),
                     Buyer shall deposit into Escrow the amount of $250,000.00
                     (the "Deposit"), in the form of a wire transfer payable to
                     FIRST AMERICAN TITLE COMPANY AT 3960 HOWARD HUGHES PARKWAY,
                     SUITE 380, LAS VEGAS, NV 89109, ATTN: JULIE SANDEFUR
                     ("Escrow Holder"). Escrow Holder shall place the Deposit
                     into an interest bearing money market account at a bank or
                     other financial institution reasonably satisfactory to
                     Buyer, and interest thereon shall be credited to Buyer's
                     account. On or before the end of the Inspection Period
                     (hereinafter defined), Buyer shall deposit and additional
                     $150,000.00 (the "Additional Deposit") into escrow which
                     shall become Buyer's notification signifying Buyer's
                     approval and acceptance of all Inspections (hereinafter
                     defined) and all Due Diligence Items (hereinafter defined)
                     provided from Seller to Buyer. Both the Deposit and the
                     Additional Deposit shall become non-refundable upon
                     expiration of the Inspection Period and applicable to the
                     Purchase Price.

              2.1.2. On or before Close of Escrow, Buyer shall deposit into
                     Escrow the balance of the Purchase Price, by wire transfer
                     payable to Escrow Holder.

3.    Title to Property.

            3.1.  Title Insurance.

                  Escrow Holder will obtain an extended coverage ALTA owner's
                  policy of title insurance (1970, Form B) from Commonwealth
                  Land Title (the "Title Company") with their standard
                  provisions and exceptions (the "Title

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                  Policy") in the amount of the Purchase Price, together with
                  such endorsements as Buyer may reasonably require. The Title
                  Policy is to be free and clear of encumbrances except as
                  follows:

              3.1.1. Real property taxes and assessments, which are a lien not
                     yet due; and

              3.1.2. The permitted exceptions included in such policy and
                     approved by Buyer.

            3.2.  Procedure for Approval of Title.

                  During the Inspection Period (hereafter defined) Buyer shall
                  review the Title Documents (hereinafter defined) and the ALTA
                  survey by Jerry A. Cook, Jr. dated August 9, 2005(the
                  "Survey") of the Property which has been delivered by Seller.
                  If the Title Documents or Survey reflect or disclose any
                  defect, exception or other matter affecting the Property
                  ("Title Defects") that is unacceptable to Buyer, then prior to
                  the expiration of the Inspection Period, Buyer shall provide
                  Seller with written notice of Buyer's objections. Seller may,
                  at its sole option, elect to cure or remove the objections
                  made by Buyer. Seller shall, in any event, and without the
                  necessity of an objection by Buyer, remove any encumbrance
                  securing financing. Should Seller elect to attempt to cure or
                  remove the objection, it shall be a condition precedent to
                  Buyer's obligation to acquire the Property that Seller cures
                  such title objection prior to the Close of Escrow. Unless
                  Seller provides written notice to Buyer before the expiration
                  of the Inspection Period that Seller intends to cure Buyer's
                  title objections, Seller shall be deemed to have elected not
                  to cure or remove Buyer's title objections, and Buyer shall be
                  entitled, as Buyer's sole and exclusive remedies, either to
                  (i) terminate this Agreement and obtain a refund of the
                  Deposit by providing written notice of termination to Seller
                  before the end of the Inspection Period and returning the Due
                  Diligence Items (hereinafter defined) to the extent delivered
                  to Buyer or (ii) waive the objections and close this
                  transaction as otherwise contemplated herein. If Buyer shall
                  fail to terminate this Agreement during the Inspection Period,
                  all matters shown on the Survey or described in the Title
                  Report, except for monetary liens for indebtedness of the
                  Seller and any matters the Seller has agreed to cure in
                  writing, and in fact cured to Buyer's satisfaction prior to
                  the Close of Escrow, shall be deemed "Permitted Exceptions."

4.    Due Diligence Items.

            4.1.  Seller shall deliver to Buyer each of the following
                  (collectively, the "Due Diligence Items"):

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              4.1.1. See attached Exhibit B - Due Diligence Document List.

            4.2.  Estoppel Certificate.

                  As a condition precedent to Buyer's obligation to acquire the
                  Property, Seller shall obtain and deliver to Buyer an estoppel
                  certificate, from Tenant substantially in the form of Exhibit
                  A. The estoppel certificate shall be deemed to satisfy this
                  condition precedent if it is in the form of Exhibit A and does
                  not disclose material adverse matters. Buyer shall notify
                  Seller within three (3) business days of receipt of a copy of
                  the executed estoppel certificate of its approval or
                  disapproval and the basis of such disapproval, if disapproved.
                  If Buyer disapproves of the estoppel certificate because of a
                  material, adverse matter disclosed therein, and Seller is
                  unable to obtain a reasonably acceptable estoppel certificate
                  prior to the Close of Escrow, this Agreement shall terminate
                  at Buyer's option, Buyer shall be entitled to a refund of the
                  Deposit, and neither party shall have any further obligation
                  to the other except Buyer's indemnification obligations under
                  Paragraph 5.

5.    Inspections.

      Buyer, at its sole expense, shall have the right to conduct feasibility,
      environmental, engineering and physical studies or other tests (the
      "Inspections") of the Property at any time during the Inspection Period
      (hereinafter defined). Buyer, and its duly authorized agents or
      representatives, shall be permitted to enter upon the Property at all
      reasonable times during the Inspection Period in order to conduct
      engineering studies, soil tests and any other Inspections and/or tests
      that Buyer may deem necessary or advisable. Buyer must arrange all
      Inspections of the Property with Seller at least two (2) business days in
      advance of any Inspections. In the event that the review and/or Inspection
      conducted pursuant to this paragraph shows any fact, matter or condition
      to exist with respect to the Property that is unacceptable to Buyer, in
      Buyer's sole subjective discretion, then Buyer shall be entitled, as its
      sole and exclusive remedy, to (i) terminate this Agreement and obtain a
      refund of the Deposit, or (2) waive the objection, and close the
      transaction as otherwise contemplated herein. Buyer agrees to promptly
      discharge any liens that may be imposed against the Property as a result
      of the Inspections and to defend, indemnify and hold Seller harmless from
      all, claims, suits, losses, costs, expenses (including without limitation
      court costs and attorneys' fees), liabilities, judgments and damages
      incurred by Seller as a result of any negligent act or omission by Buyer
      or its agents in connection with the Inspections.

            5.1.  Approval.

              5.1.1. Buyer shall have ten (10) days after the receipt of all of
                     the items referenced in the attached Exhibit B, the due
                     diligence list ("Inspection Period") to approve or
                     disapprove the Inspections. If (i) the Buyer shall
                     disapprove the Inspections within the Inspection

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                     Period, or (2) the Buyer fails to inform seller and escrow
                     holder of its approval prior to the end of the inspection
                     period. This Agreement and the Escrow shall thereupon be
                     terminated, Buyer shall not be entitled to purchase the
                     Property, Seller shall not be obligated to sell the
                     Property to Buyer and the parties shall be relieved of any
                     further obligation to each other with respect to the
                     Property, except as provided in Paragraph 5.

              5.1.2. Notwithstanding anything to the contrary contained herein,
                     Buyer hereby agrees that, in the event this Agreement is
                     terminated for any reason, then Buyer shall promptly and at
                     its sole expense return to Seller all Due Diligence Items
                     which have been delivered by Seller to Buyer in connection
                     with the Inspections, along with copies of all reports,
                     drawings, plans, studies, summaries, surveys, maps and
                     other data prepared by third parties relating to the
                     Property, (a) subject to restrictions on Buyer's ability to
                     make any such materials available to Seller that are
                     imposed in any agreement with a third party consultant
                     preparing any such reports or materials ("Buyer's
                     Reports"), and (b) against payment by Seller of 50% of
                     Buyer's costs in obtaining the Buyer's Reports. Buyer shall
                     cooperate with Seller at no expense to Buyer in order to
                     obtain a waiver of any such limitations. Buyer makes no
                     representation as to the accuracy or completeness of any of
                     the Buyer's Reports.

              5.1.3. Notwithstanding any contrary provision of this Agreement,
                     Buyer acknowledges that Seller is not representing or
                     warranting that any of the Due Diligence Items prepared by
                     third parties are accurate or complete, such as the Survey,
                     engineering reports and the like. Seller advises Buyer to
                     independently verify the facts and conclusions set forth
                     therein, provided however, Seller warrants that it has no
                     knowledge of any material errors or misstatements in such
                     information regarding the Property.

6.    Escrow.

            6.1.  Opening.

                  Purchase and sale of the Property shall be consummated through
                  an escrow ("Escrow") to be opened with Escrow Holder within
                  two (2) business days after the execution of this Agreement by
                  Seller and Buyer. Escrow shall be deemed to be opened as of
                  the date fully executed copies (or counterparts) of this
                  Agreement are delivered to Escrow Holder by Buyer and Seller
                  ("Opening of Escrow"). This Agreement shall be considered as
                  the Escrow instructions between the parties, with such further
                  instructions as Escrow Holder shall reasonably require in
                  order to clarify its duties and responsibilities. Such further
                  reasonable instructions shall be promptly signed by Buyer and
                  Seller and returned to

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                  Escrow Holder within three (3) business days of receipt
                  thereof. In the event of any conflict between the terms and
                  conditions of this Agreement and such further instructions,
                  the terms and conditions of this Agreement shall control.

            6.2.  Close of Escrow.

              6.2.1. Escrow shall close ("Close of Escrow") within three (3)
                     days following delivery to Buyer of a temporary certificate
                     of occupancy ("TCO") for the property and the Parking
                     Garage (hereinafter defined), but in no event before
                     November 30, 2005. Buyer shall have the option to extend
                     the closing date by two additional ten (10) day periods by
                     increasing the non-refundable deposit by an additional One
                     Hundred Thousand Dollars ($100,000) for each ten (10) day
                     period. Said deposit(s) and all earned interest shall be
                     applicable to the Purchase Price.

            6.3.  Buyer Required to Deliver.

               Buyer shall deliver to Escrow the following:

              6.3.1. Concurrently with the Opening of Escrow, the Deposit;

              6.3.2. On or before Close of Escrow, the payment required by
                     Paragraph 2.1.2; provided, however that Buyer shall not be
                     required to deposit the amount specified in Paragraph 2.1.2
                     until Buyer has been notified by Escrow Holder that (i)
                     Seller has delivered to Escrow each of the documents and
                     instruments to be delivered by Seller in connection with
                     Buyer's purchase of the Property, (ii) Title Company has
                     committed to issue and deliver the Title Policy to Buyer
                     and (iii) the only impediment to Close of Escrow is
                     delivery of such amount by or on behalf of Buyer;

              6.3.3. On or before Close of Escrow, such other documents as Title
                     Company may require from Buyer in order to issue the Title
                     Policy;

              6.3.4. Counterpart originals of the Assignment and Assumption
                     Agreement and Escrow Agreement referred to in Paragraph
                     6.4.

            6.4.  Seller Required to Deliver.

               On or before Close of Escrow (or at such time prior to the
               Close of Escrow as is specified below), Seller shall deliver
               to Escrow (or directly to Buyer if specified below) the
               following:

              6.4.1. A duly executed and acknowledged grant, bargain and sale
                     deed, conveying fee title to the Property to Buyer (the
                     "Grant Deed");

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              6.4.2.  An executed Certificate of Non-Foreign Status;

              6.4.3.  A bill of sale of the Personal Property, if any, without
                      warranty, in favor of Buyer and duly executed by Seller;

              6.4.4.  An original assignment and assumption agreement (the
                      "Assignment and Assumption Agreement") duly executed by
                      Seller assigning and conveying to Buyer all of Seller's
                      right, title and interest in and to the Lease and the
                      Contracts.

              6.4.5.  An original escrow agreement (the "Escrow Agreement") duly
                      executed by Seller and Escrow Holder, in the form of
                      Exhibit B, together with the deposit in the sum of
                      $1,745,629.00 which is required to be held in escrow by
                      Escrow Holder for the purposes described in the Escrow
                      Agreement;

              6.4.6.  Such other documents as Title Company may require from
                      Seller in order to issue the Title Policy;

              6.4.7.  Tenant estoppel certificates as required by Paragraph 4.2,
                      at least 15 days prior to the date then scheduled for the
                      Close of Escrow;

              6.4.8.  Seller shall deliver directly to Buyer all keys to all
                      buildings and other improvements located on the Property,
                      combinations to any safes thereon, and security devices
                      therein in Seller's possession;

              6.4.9.  Seller shall deliver all records and files relating to the
                      management or operation of the Property, including,
                      without limitation, all insurance policies, all security
                      contracts, all tenant files (including correspondence),
                      property tax bills, and all calculations used to prepare
                      statements of rental increases under the Lease and
                      statements of common area charges, insurance, property
                      taxes and other charges which are paid by Tenant; and

              6.4.10. A certificate of Seller to the effect that all of the
                      representations and warranties of Seller set forth in this
                      Agreement are accurate as of the Close of Escrow. If, due
                      to a circumstance beyond the Seller's reasonable control,
                      the Seller is unable to deliver a certificate to the
                      effect that all of the representations and warranties of
                      Seller set forth in this Agreement are accurate as of the
                      Close of Escrow, this Agreement and the Escrow shall
                      thereupon be terminated, Buyer shall not be entitled to
                      purchase the Property, Seller shall not be obligated to
                      sell the Property to Buyer and the parties shall be
                      relieved of any further obligation to each other with
                      respect to the Property, except as provided in Paragraph
                      5.

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            6.5.  Buyer's Costs.

               Buyer shall pay the following:

              6.5.1. One-half (1/2) of Escrow Holder's fees, costs and expenses
                     (other than those in connection with the Escrow Agreement);

              6.5.2. 50% of the documentary transfer tax;

              6.5.3. All other costs customarily borne by purchasers of real
                     property in Clark County, Nevada;

              6.5.4. The amount by which the premium for an extended coverage
                     policy of title insurance in the amount of the Purchase
                     Price exceeds the premium for a CLTA owner's title
                     insurance policy in the same amount.

            6.6.  Seller's Costs.

               Seller shall pay the following:

              6.6.1. One-half (1/2) of Escrow Holder's fees, costs and expenses
                     (other than those in connection with the Escrow Agreement);

              6.6.2. The cost of recording the Grant Deed, including 50%
                     documentary transfer taxes;

              6.6.3. The Title Company's premium for the Title Policy, to the
                     extent not paid by Buyer under Paragraph 6.5;

              6.6.4. All of Escrow Holder's fees, costs and expenses in
                     connection with the Escrow Agreement;

              6.6.5. All other costs customarily borne by sellers of real
                     property in Clark County, Nevada.

            6.7.  Prorations.

              6.7.1. Real property taxes, assessments, rents, security deposits,
                     and CAM expenses shall be prorated through Escrow between
                     Buyer and Seller as of Close of Escrow. Rents, security
                     deposits and CAM expenses shall be approved by Buyer prior
                     to Close of Escrow. Rents and other charges under the Lease
                     that are delinquent as of the Close of Escrow will not be
                     prorated, and rents and other amounts received by Buyer on
                     or after the Close of Escrow in respect of the Lease will
                     be applied in the following order: (i) to Buyer's actual
                     out-of-pocket costs of collection incurred with

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                     respect to the collected amounts; (ii) to rents due under
                     the Lease for the month in which the payment is received by
                     Buyer; (iii) to rents attributable to any period after the
                     Close of Escrow that are past due on the date of receipt;
                     and (iv) to rents and other charges delinquent as of the
                     Close of Escrow (and Buyer promptly will remit these
                     amounts to the Seller). Buyer will use commercially
                     reasonable efforts to collect any delinquent rents,
                     provided that Buyer has no obligation to institute legal
                     proceedings, including an action for unlawful detainer,
                     against the Tenant. In no event will Seller commence or
                     maintain any action after the Close of Escrow against the
                     Tenant to collect any sums purportedly owed by the Tenant
                     to Seller. Tax and assessment prorations shall be based on
                     the latest available tax bill. If, after Close of Escrow,
                     Buyer receives any further or supplemental tax bill
                     relating to any period prior to Close of Escrow, or Seller
                     receives any further or supplemental tax bill relating to
                     any period after Close of Escrow, the recipient shall
                     promptly deliver a copy of such tax bill to the other
                     party, and not later than ten (10) days prior to the
                     delinquency date shown on such tax bill Buyer and Seller
                     shall deliver to the taxing authority their respective
                     shares of such tax bill, prorated as of Close of Escrow.

              6.7.2. All leasing commissions owing and tenant improvements with
                     respect to the Property transactions entered into prior to
                     execution of this Agreement shall be paid by Seller, and
                     Seller shall indemnify and hold Buyer harmless for Lease
                     commission claims brought against the Property arising
                     therefrom. All leasing commissions for new leases executed
                     after the date of this Agreement shall be prorated between
                     Buyer and Seller as their respective periods of ownership
                     bear to the primary term of the new lease.

              6.7.3. Seller agrees to indemnify and hold Buyer harmless of and
                     from any and all liabilities, claims, demands, suits, and
                     judgments, of any kind or nature, including court costs and
                     reasonable attorneys' fees (except those items which under
                     the terms of this Agreement specifically become the
                     obligation of Buyer), brought by the Tenant or any other
                     third parties and based on events occurring on or before
                     the date of closing and which are in any way related to the
                     Property, and all expenses related thereto, including but
                     not limited to court costs and attorneys' fees.

              6.7.4. Buyer agrees to indemnify and hold Seller harmless of and
                     from any and all liabilities, claims, demands, suits and
                     judgments, of any kind or nature, including court costs and
                     reasonable attorneys' fees, brought by the Tenant or any
                     other third parties and based on events occurring
                     subsequent to the date of closing and which are in any way
                     related to the Property, and all expenses related thereto,
                     including, but not limited to, court costs and attorneys'
                     fees,

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                     provided, that the foregoing indemnity shall not be
                     construed to limit the effect of, nor shall it be
                     applicable to the subject matter of, any of Seller's
                     representations and warranties expressed in this Agreement
                     or in the closing documents delivered by Seller.

            6.8.  Determination of Dates of Performance.

              Promptly after delivery to Buyer of the Title Report, Escrow
              Holder shall prepare and deliver to Buyer and Seller a
              schedule which shall state each of the following dates:

              6.8.1. The date of Opening of Escrow pursuant to Paragraph 6.1;

              6.8.2. The date of receipt of the Title Report by Buyer;

              6.8.3. The date by which title must be approved by Buyer pursuant
                     to Paragraph 3.2;

              6.8.4. The date by which the Inspections must be approved by Buyer
                     pursuant to Paragraph 5.1.1;

              6.8.5. The date by which the amounts described in Paragraph 2 must
                     be deposited by Buyer, for which determination Escrow
                     Holder shall assume satisfaction of the condition expressed
                     in Paragraph 2 on the last date stated for its
                     satisfaction; and

              6.8.6. The date of Close of Escrow pursuant to Paragraph 6.2.

              Unless promptly objected to in writing by Seller or Buyer, the
              schedule delivered by Escrow Agent shall be binding on Buyer and
              Seller. If any events which determine any of the aforesaid dates
              occur on a date other than the date specified or assumed for its
              occurrence in this Agreement, Escrow Holder shall promptly
              redetermine as appropriate each of the dates of performance in the
              aforesaid schedule and notify Buyer and Seller of the dates of
              performance, as redetermined.

7.    Representations, Warranties, and Covenants.

      Seller hereby represents and warrants as of the date hereof to Buyer as
      follows:

            7.1.  Seller is a limited liability company duly formed and validly
                  existing under the laws of the State of Delaware. Seller has
                  full power and authority to enter into this Agreement, to
                  perform this Agreement and to consummate the transactions
                  contemplated hereby. The execution, delivery and performance
                  of this Agreement and all documents contemplated hereby by
                  Seller have been duly and validly authorized by all necessary
                  action on the part of Seller and all required consents

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                  and approvals have been duly obtained and will not result in a
                  breach of any of the terms or provisions of, or constitute a
                  default under any indenture, agreement or instrument to which
                  Seller is a party. This Agreement is a legal, valid and
                  binding obligation of Seller, enforceable against Seller in
                  accordance with its terms, subject to the effect of applicable
                  bankruptcy, insolvency, reorganization, arrangement,
                  moratorium or other similar laws affecting the rights of
                  creditors generally.

            7.2.  Seller has good and marketable title to the Property, subject
                  to the conditions of title. There are no outstanding rights of
                  first refusal, rights of reverter or option relating to the
                  Property or any interest therein. To Seller's knowledge, there
                  are no unrecorded or undisclosed documents or other matters
                  which affect title to the Property. Subject to the Lease,
                  Seller has enjoyed the continuous and uninterrupted quiet
                  possession, use and operation of the Property, without
                  material complaint or objection by any person.

            7.3.  Except as set forth in the Due Diligence Items, there are no
                  pending or, to the Manager's Knowledge (as defined below),
                  threatened actions, suits, arbitrations, claims, attachments,
                  proceedings, assignments for the benefit of creditors,
                  insolvency, bankruptcy, reorganization, or other proceedings
                  affecting or with respect to the Property, or by or against
                  Seller.

            7.4.  Except as set forth in the Due Diligence Items, Seller has
                  received no written notice from any governmental authority of
                  any material violation of any law, statute, ordinance,
                  regulation, or administrative or judicial order or holding,
                  whether or not appearing in public records, with respect to
                  the Property, which violation has not, to the Manager's
                  Knowledge, been corrected in accordance with the notice or
                  applicable law, statute, ordinance, regulation or order.

            7.5.  Except as set forth in the Due Diligence Items, Seller has
                  received no written notice from any governmental authority of
                  any condemnation proceeding relating to the Property.

            7.6.  Except as set forth in the Due Diligence Items, Seller has not
                  received written notice from any Governmental Authority that
                  (A) the Property is in violation of any federal, state and
                  local laws, ordinances, regulations, administrative and
                  judicial decrees, judgments, orders and directives applicable
                  to the Property with respect to hazardous or toxic substances,
                  industrial hygiene, the protection of human health, public or
                  worker safety, occupational health, wildlife or the
                  environment (collectively, "Environmental Laws"), which
                  violation has not, to the Manager's Knowledge, been corrected
                  in all material respects in accordance with the notice or
                  applicable law, statute,

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                  ordinance, regulation, decree, judgment, directive or order,
                  or (B) past or current tenants of all or any portion of the
                  Property or any other person or entity have owned, used,
                  generated, produced, manufactured, treated, stored,
                  transported, handled, installed, released, discharged or
                  disposed of any substance that is designated, defined,
                  classified, or regulated as a hazardous substance, toxic
                  substance, hazardous waste, pollutant or contaminant
                  (including petroleum hydrocarbons, PCBs, asbestos, explosives,
                  corrosives, toxic materials, flammable materials, infectious
                  materials, radioactive materials, carcinogenic materials and
                  reproductive toxicants) on or beneath the Property or on or in
                  the air, surface or ground water associated with the Property
                  in violation of applicable Environmental Laws.

            7.7.  Other than the Lease, there are no leases, licenses or
                  occupancy agreements in effect at the Property. Neither Seller
                  nor the Tenant is in breach or default of any obligation under
                  the Lease and-Seller has not received notice from the Tenant
                  alleging that Seller is in breach or default of any obligation
                  under the Lease. Seller has delivered to Buyer an accurate and
                  complete copy of the Lease. All leasing commissions and fees,
                  and tenant improvement allowances due with respect to the
                  current term of the Lease have either been paid in full or, if
                  currently owed, will be satisfied before or at Closing. . No
                  brokerage commissions or fees, tenant improvement allowances,
                  free rent, or other concessions will become due in connection
                  with the exercise of any renewal or expansion option by the
                  Tenant under the terms of the Lease as of the date of the
                  execution of this Agreement.

            7.8.  True, correct, and complete copies of all documents in
                  Seller's possession or control, relating to the Property and
                  containing information material to its condition, usefulness,
                  or value, have been delivered by Seller to Buyer.

            7.9.  Seller is not a "foreign person" within the meaning of Section
                  1445(f) of the Internal Revenue Code of 1986, as amended (the
                  "Code").

            7.10. Darryll Goodman is the asset manager of the Seller, and all
                  material circumstances relating to the Property would, in the
                  ordinary course of business of the Seller, come to his
                  attention.

            7.11. Covenants of Seller. Seller hereby covenants as follows:

              7.11.1. At all times from the date hereof through the date of
                      closing, Seller shall cause to be in force fire and
                      extended coverage insurance upon the Property, and public
                      liability insurance with respect to damage or injury to
                      persons or property occurring on the Property in at least
                      such amounts as are maintained by Seller on the date
                      hereof;

<PAGE>

              7.11.2. From the date of execution of this Agreement through the
                      date of closing, Seller will not enter into any new lease
                      with respect to the Property, without Buyer's prior
                      written consent, which shall not be unreasonably withheld.
                      Exercise by a Tenant of of a renewal option under an
                      existing Lease shall not be considered a new lease. Any
                      brokerage commission payable with respect to a new lease
                      shall be prorated between Buyer and Seller in accordance
                      with their respective periods of ownership as it bears to
                      the primary term of the new lease. Further, Seller will
                      not modify any existing Lease covering space in the
                      Property without first obtaining the written consent of
                      Buyer which shall not be unreasonably withheld. Buyer
                      shall have five (5) business days in which to approve or
                      disapprove of any new lease for which it has a right to
                      consent. Failure to respond in writing within said time
                      period shall be deemed to be consent;

              7.11.3. From the date of execution of this Agreement through the
                      date of closing, Seller shall not sell, assign, or convey
                      any right, title or interest whatsoever in or to the
                      Property, or create or permit to attach any lien, security
                      interest, easement, encumbrance, charge, or condition
                      affecting the Property (other than the Permitted
                      Exceptions) without promptly discharging the same prior to
                      closing;

              7.11.4. Seller shall not, without Buyer's written approval, (a)
                      amend or waive any right under any Service Contract, or
                      (b) enter into any agreement of any type affecting the
                      Property that would survive the Closing Date;

              7.11.5. Seller shall fully and timely comply with all obligations
                      to be performed by it under the Lease, the Contracts, and
                      all permits, licenses, approvals and laws, regulations and
                      orders applicable to the Property; Seller shall use
                      commercially reasonable efforts to arrange for the
                      expeditious completion of construction of the parking
                      garage (the "Parking Garage") currently under construction
                      at the Property, in accordance with the plans and
                      specifications previously delivered to Buyer and in
                      compliance with all applicable building permits, legal
                      requirements, and requirements of the Lease, provided that
                      Seller is not limited to the original plans and
                      specifications of the Parking Garage so long as all change
                      orders are approved by Tenant (if approval is required by
                      the Lease) and all applicable regulatory entities, and all
                      material change orders are also approved by the Buyer, for
                      which purpose Seller will give notice to the Buyer. If,
                      after notification of a proposed material change order,
                      Buyer has not approved or disapproved the change order
                      within 10 days, the change order shall be deemed approved
                      by

<PAGE>

                    Buyer). The Tenant has no right to approve or disapprove
                    of the construction of the Parking Garage. Seller shall
                    otherwise operate the Property in the same manner as
                    during Seller's ownership of the Property prior to the
                    execution of this Agreement.

            7.12. Approval of Property. The consummation of the purchase and
                  sale of the Property pursuant to this Agreement shall be
                  deemed Buyer's acknowledgement that it has had an adequate
                  opportunity to make such legal, factual and other inspections,
                  inquiries and investigations as it deems necessary, desirable
                  or appropriate with respect to the Property. Such inspections,
                  inquiries and investigations of Buyer shall be deemed to
                  include, but shall not be limited to, any leases and contracts
                  pertaining to the Property, the physical components of all
                  portions of the Property, the physical condition of the
                  Property, such state of facts as an accurate survey,
                  environmental report and inspection would show, the present
                  and future zoning ordinance, ordinances, resolutions. Buyer
                  shall not be entitled to and shall not rely upon, Seller or
                  Seller's agents with regard to, and Seller will not make any
                  representation or warranty (except as expressly set forth in
                  this Agreement) with respect to: (i) the quality, nature,
                  adequacy or physical condition of the Property including, but
                  not limited to, the structural elements, foundation, roof,
                  appurtenances, access, landscaping, parking facilities, or the
                  electrical, mechanical, HVAC, plumbing, sewage or utility
                  systems, facilities, or appliances at the Property, if any;
                  (ii) the quality, nature, adequacy or physical condition of
                  soils or the existence of ground water at the Property; (iii)
                  the existence, quality, nature, adequacy or physical condition
                  of any utilities serving the Property; (iv) the development
                  potential of the Property, its habitability, merchantability,
                  or the fitness, suitability, or adequacy of the Property for
                  any particular purpose; (v) the zoning or other legal status
                  of the Property; (vi) the Property or its operations'
                  compliance with any applicable codes, laws, regulations,
                  statutes, ordinances, covenants, conditions or restrictions of
                  any governmental or quasi-governmental entity or of any other
                  person or entity; (vii) the quality of any labor or materials
                  relating in any way to the Property; or (viii) the condition
                  of title to the Property or the nature, status and extent of
                  any right-of-way, lease, right of redemption, possession,
                  lien, encumbrance, license, reservation, covenant, condition,
                  restriction, or any other matter affecting the Property except
                  as expressly set forth in this Agreement. EXCEPT AS EXPRESSLY
                  PROVIDED IN THIS AGREEMENT AND THE CLOSING DOCUMENTS, SELLER
                  HAS NOT, DOES NOT, AND WILL NOT MAKE ANY WARRANTIES OR
                  REPRESENTATIONS WITH RESPECT TO THE PROPERTY AND SELLER
                  SPECIFICALLY DISCLAIMS ANY OTHER IMPLIED WARRANTIES OR
                  WARRANTIES ARISING BY OPERATION OF LAW, INCLUDING, BUT IN NO
                  WAY LIMITED TO, ANY WARRANTY OF CONDITION,

<PAGE>

                  MERCHANTABILITY, HABITABILITY, OR FITNESS FOR A PARTICULAR
                  PURPOSE OR USE. FURTHERMORE, SELLER HAS NOT, DOES NOT, AND
                  WILL NOT MAKE ANY REPRESENTATION OR WARRANTY WITH REGARD TO
                  COMPLIANCE WITH ANY ENVIRONMENTAL PROTECTION, POLLUTION, OR
                  LAND USE LAWS, RULES, REGULATIONS, ORDERS, OR REQUIREMENTS
                  INCLUDING, BUT NOT LIMITED TO, THOSE PERTAINING TO THE
                  HANDLING, GENERATING, TREATING, STORING OR DISPOSING OF ANY
                  HAZARDOUS WASTE OR SUBSTANCE INCLUDING, WITHOUT LIMITATION,
                  ASBESTOS, PCB AND RADON. BUYER ACKNOWLEDGES THAT BUYER IS A
                  SOPHISTICATED BUYER FAMILIAR WITH THIS TYPE OF PROPERTY AND
                  THAT, SUBJECT ONLY TO THE EXPRESS WARRANTIES SET FORTH IN THIS
                  AGREEMENT AND CLOSING DOCUMENTS, BUYER WILL BE ACQUIRING THE
                  PROPERTY "AS IS AND WHERE IS, WITH ALL FAULTS," IN ITS PRESENT
                  STATE AND CONDITION, SUBJECT ONLY TO NORMAL WEAR AND TEAR AND
                  BUYER SHALL ASSUME THE RISK THAT ADVERSE MATTERS AND
                  CONDITIONS MAY NOT HAVE BEEN REVEALED BY BUYER'S INSPECTIONS
                  AND INVESTIGATIONS. BUYER SHALL ALSO ACKNOWLEDGE AND AGREE
                  THAT THERE ARE NO ORAL AGREEMENTS, WARRANTIES OR
                  REPRESENTATIONS, COLLATERAL TO OR AFFECTING THE PROPERTY BY
                  SELLER, ANY AGENT OF SELLER OR ANY THIRD PARTY. THE TERMS AND
                  CONDITIONS OF THIS PARAGRAPH SHALL SURVIVE THE CLOSING, AND
                  NOT MERGE WITH THE PROVISIONS OF ANY CLOSING DOCUMENTS. SELLER
                  SHALL NOT BE LIABLE OR BOUND IN ANY MANNER BY ANY ORAL OR
                  WRITTEN STATEMENTS, REPRESENTATIONS OR INFORMATION PERTAINING
                  TO THE PROPERTY FURNISHED BY ANY REAL ESTATE BROKER, AGENT,
                  EMPLOYEE, SERVANT OR OTHER PERSON, UNLESS THE SAME ARE
                  SPECIFICALLY SET FORTH OR REFERRED TO IN THIS AGREEMENT.

            7.13. As used in this Section 7, the term "Manager's Knowledge"
                  shall mean the actual knowledge of Darryll Goodman, without
                  any duty of investigation.

8.    Representations and Warranties of Buyer. Buyer hereby represents and
      warrants to Seller as follows:

            8.1.  The execution, delivery and performance of this Agreement and
                  all documents contemplated hereby by Buyer will not result in
                  a breach of

<PAGE>

                  any of the terms or provisions of, or constitute a default
                  under any indenture, agreement or instrument to which Buyer is
                  a party. This Agreement is a legal, valid and binding
                  obligation of Buyer, enforceable against Buyer in accordance
                  with its terms, subject to the effect of applicable
                  bankruptcy, insolvency, reorganization, arrangement,
                  moratorium or other similar laws affecting the rights of
                  creditors generally.

9.    Conditions Precedent to Closing.

      The obligations of Buyer pursuant to this Agreement shall, at the option
      of Buyer, be subject to the following conditions precedent:

            9.1.  All of the representations, warranties and agreements of
                  Seller set forth in this Agreement shall be true and correct
                  in all material respects as of the date hereof and as of the
                  Closing Date, and Seller shall not have on or prior to
                  closing, failed to meet, comply with or perform in any
                  material respect any conditions or agreements on Seller's part
                  as required by the terms of this Agreement. If, due to a
                  circumstance beyond the Seller's reasonable control, this
                  condition cannot be met by the Seller, this Agreement and the
                  Escrow shall thereupon be terminated, Buyer shall not be
                  entitled to purchase the Property, Seller shall not be
                  obligated to sell the Property to Buyer and the parties shall
                  be relieved of any further obligation to each other with
                  respect to the Property, except as provided in Paragraph 5.

            9.2.  There shall be no change in the matters reflected in the Title
                  Report, and there shall not exist any encumbrance or title
                  defect affecting the Property not described in the Title
                  Report except for the Permitted Exceptions or matters to be
                  satisfied at closing.

            9.3.  Effective as of closing, the management agreement affecting
                  the Property shall be terminated by Seller and any and all
                  termination fees incurred as a result thereof shall be the
                  sole obligation of Seller.

            9.4.  Seller shall have completed the construction of the Parking
                  Garage, in accordance with the plans and specifications
                  previously delivered to Buyer and in compliance with all
                  applicable building permits, legal requirements, and
                  requirements of the Lease. Seller shall have paid all of the
                  costs of the construction of the Parking Garage and shall have
                  provided Buyer and the Title Company with such lien waivers
                  and other evidence of the payment as they may reasonably
                  require.

            9.5.  If any such condition is not fully satisfied by closing, Buyer
                  shall so notify Seller and may terminate this Agreement by
                  written notice to Seller whereupon this Agreement may be
                  canceled, upon return of the Due Diligence Items the Deposit
                  shall be paid to Buyer and, thereafter,

<PAGE>

                  neither Seller nor Buyer shall have any continuing obligations
                  hereunder.

            9.6.  If Buyer notifies Seller of a failure to satisfy the
                  conditions precedent set forth in this paragraph, Seller may,
                  within five (5) days of receipt of Buyer's Notices agree to
                  satisfy the condition by written notice to Buyer, and Buyer
                  shall thereupon be obligated to close the transaction provided
                  Seller so satisfies such condition. If Seller fails to agree
                  to cure or fails to cure such condition by the Closing Date,
                  this Agreement shall be canceled and the Deposit shall be
                  returned to Buyer and neither party shall have any further
                  liability hereunder.

10.   Damage or Destruction Prior to Close of Escrow.

      In the event that the Property should be damaged by any casualty prior to
      the Close of Escrow, then if the cost of repairing such damage, as
      estimated by an architect or contractor retained pursuant to the mutual
      agreement of the parties, is:

            10.1. Less than Two Hundred Fifty Thousand Dollars ($250,000), the
                  Close of Escrow shall proceed as scheduled, any insurance
                  proceeds shall be distributed to Buyer to the extent not
                  expended by Seller for restoration, and Buyer shall be
                  credited against the Purchase Price with the amount of any
                  deductible under Seller's insurance policies covering the
                  loss;

or if said cost is:

            10.2. Greater than Two Hundred Fifty Thousand Dollars ($250,000),
                  then either Buyer may elect to terminate this Agreement, in
                  which case upon return of the Due Diligence Items the Deposit
                  shall be returned to Buyer and neither party shall have any
                  further obligation to the other except for Buyer's
                  indemnification obligations under Paragraph 5. If Buyer does
                  not elect to terminate this Agreement under the terms of this
                  Paragraph 10.2, the Close of Escrow shall proceed as
                  scheduled, any insurance proceeds shall be distributed to
                  Buyer to the extent not expended by Seller for restoration,
                  and Buyer shall be credited against the Purchase Price with
                  the amount of any deductible under Seller's insurance policies
                  covering the loss.

11.   Eminent Domain.

            11.1. If, before the Close of Escrow, proceedings are commenced for
                  the taking by exercise of the power of eminent domain of all
                  or a material part of the Property which, as reasonably
                  determined by Buyer, would render the Property unacceptable to
                  Buyer or unsuitable for Buyer's intended use, Buyer shall have
                  the right, by giving notice to Seller

<PAGE>

                  within thirty (30) days after Seller gives notice of the
                  commencement of such proceedings to Buyer, to terminate this
                  Agreement, in which event this Agreement shall terminate, the
                  Deposit shall be returned to Buyer and neither party shall
                  have any further obligation to the other except for Buyer's
                  indemnification under Paragraph 5. If, before the Close of
                  Escrow, proceedings are commenced for the taking by exercise
                  of the power of eminent domain of less than such a material
                  part of the Property, or if Buyer has the right to terminate
                  this Agreement pursuant to the preceding sentence but Buyer
                  does not exercise such right, then this Agreement shall remain
                  in full force and effect and, at the Close of Escrow, the
                  condemnation award (or, if not therefore received, the right
                  to receive such portion of the award) payable on account of
                  the taking shall be transferred in the same manner as title to
                  the Property is conveyed. Seller shall give notice to Buyer
                  within three (3) business days after Seller's receiving notice
                  of the commencement of any proceedings for the taking by
                  exercise of the power of eminent domain of all or any part of
                  the Property.

12.   Notices.

            12.1. All notices, demands, or other communications of any type
                  given by any party hereunder, whether required by this
                  Agreement or in any way related to the transaction contracted
                  for herein, shall be void and of no effect unless given in
                  accordance with the provisions of this Paragraph. All notices
                  shall be in writing and delivered to the person to whom the
                  notice is directed, either in person, by United States Mail,
                  as a registered or certified item, return receipt requested by
                  telecopy or by Federal Express. Notices delivered by mail
                  shall be deemed given when received. Notices by telecopy or
                  Federal Express shall be deemed received on the business day
                  following transmission. Notices shall be given to the
                  following addresses:

            Seller:           Theresa Hutton
                                    Triple Net Properties, LLC
                                    1551 N. Tustin Ave. #200
                                    Santa Ana, CA 92705
                                    (714) 667-8252
                                    (714) 667-6860 fax

            With Required Copy to:  Glenn Moore, Esq.
                                    Hirschler Fleischer
                                    The Federal Reserve Bank Building, 16th Fl
                                    701 East Byrd Street
                                    Richmond, VA 23219
                                    (804) 771-9529
                                    (804) 644-0957 fax

<PAGE>

            Buyer:            Trans-Aero Land & Development Corp.
                                    3170 Polaris Ave., Suite 24
                                    Las Vegas, NV 89102
                                    (702) 947-7100
                                    (702) 947-7106 fax

            With Required Copy to:  David Barksdale
                                    McDonald Carano Wilson
                                    2300 W. Sahara Ave., Suite 1000
                                    Las Vegas, NV 89102
                                    (702) 873-4100
                                    (702) 873-9966 fax

13.   Remedies.

            13.1. Defaults by Seller. If there is any default by Seller under
                  this Agreement, following notice to Seller and seven (7) days,
                  during which period Seller may cure the default, Buyer may, at
                  its option, (a) declare this Agreement terminated in which
                  case the Deposit shall be returned to Buyer or (b) treat this
                  Agreement as being in full force and effect and bring an
                  action against Seller for specific performance.

            13.2. Defaults by Buyer. If there is any default by Buyer under this
                  Agreement, following notice to Buyer and seven (7) days,
                  during which period Buyer may cure the default, then Seller
                  may, as its sole remedy, declare this Agreement terminated, in
                  which case the Deposit shall be paid to Seller as liquidated
                  damages and each party shall thereupon be relieved of all
                  further obligations and liabilities, except any which
                  expressly survive termination. In the event this Agreement is
                  terminated due to the default of Buyer hereunder, Buyer shall
                  deliver to Seller, at no cost to Seller, the Due Diligence
                  Items and all of Buyer's Reports.

            13.3. ARBITRATION OF DISPUTES. ANY CLAIM, CONTROVERSY OR DISPUTE,
                  WHETHER SOUNDING IN CONTRACT, STATUTE, TORT, FRAUD,
                  MISREPRESENTATION OR OTHER LEGAL THEORY, RELATED DIRECTLY OR
                  INDIRECTLY TO THIS AGREEMENT, WHENEVER BROUGHT AND WHETHER
                  BETWEEN THE PARTIES TO THIS AGREEMENT OR BETWEEN ONE OF THE
                  PARTIES TO THIS AGREEMENT AND THE EMPLOYEES, AGENTS OR
                  AFFILIATED BUSINESSES OF THE OTHER PARTY, SHALL BE RESOLVED BY
                  ARBITRATION AS PRESCRIBED IN THIS SECTION. THE FEDERAL
                  ARBITRATION ACT, 9 U.S.C. SECTIONS 1-15, NOT STATE LAW, SHALL
                  GOVERN THE ARBITRABILITY OF ALL CLAIMS, AND THE DECISION OF
                  THE ARBITRATOR AS TO ARBITRABILITY SHALL BE FINAL.

<PAGE>

                  A SINGLE ARBITRATOR WHO IS A RETIRED FEDERAL OR CALIFORNIA
                  JUDGE SHALL CONDUCT THE ARBITRATION UNDER THE THEN CURRENT
                  RULES OF THE AMERICAN ARBITRATION ASSOCIATION (THE "AAA"). THE
                  ARBITRATOR SHALL BE SELECTED BY MUTUAL AGREEMENT ON THE
                  ARBITRATOR WITHIN THIRTY (30) DAYS OF WRITTEN NOTICE BY ONE
                  PARTY TO THE OTHER INVOKING THIS ARBITRATION PROVISION, IN
                  ACCORDANCE WITH AAA PROCEDURES FROM A LIST OF QUALIFIED PEOPLE
                  MAINTAINED BY THE AAA. THE ARBITRATION SHALL BE CONDUCTED IN
                  SANTA ANA, CALIFORNIA AND ALL EXPEDITED PROCEDURES PRESCRIBED
                  BY THE AAA RULES SHALL APPLY.

                  THERE SHALL BE NO DISCOVERY OTHER THAN THE EXCHANGE OF
                  INFORMATION WHICH IS PROVIDED TO THE ARBITRATOR BY THE
                  PARTIES. THE ARBITRATOR SHALL HAVE AUTHORITY ONLY TO GRANT
                  SPECIFIC PERFORMANCE AND TO ORDER OTHER EQUITABLE RELIEF AND
                  TO AWARD COMPENSATORY DAMAGES, BUT SHALL NOT HAVE THE
                  AUTHORITY TO AWARD PUNITIVE DAMAGES OR OTHER NONCOMPENSATORY
                  DAMAGES OR ANY OTHER FORM OF RELIEF. THE ARBITRATOR SHALL
                  AWARD TO THE PREVAILING PARTY ITS REASONABLE ATTORNEYS' FEES
                  AND COSTS AND OTHER EXPENSES INCURRED IN THE ARBITRATION,
                  EXCEPT THE PARTIES SHALL SHARE EQUALLY THE FEES AND EXPENSES
                  OF THE ARBITRATOR. THE ARBITRATOR'S DECISION AND AWARD SHALL
                  BE FINAL AND BINDING, AND JUDGMENT ON THE AWARD RENDERED BY
                  THE ARBITRATOR MAY BE ENTERED IN ANY COURT HAVING JURISDICTION
                  THEREOF. IN THE EVENT OF ANY DISPUTE SUBJECT TO ARBITRATION
                  UNDER THE TERMS OF THIS AGREEMENT, IF OCCURRING PRIOR TO THE
                  CLOSE OF ESCROW, BUYER SHALL BE ENTITLED TO RECORD A NOTICE OF
                  THE PENDENCY OF THE ARBITRATION IN THE REAL ESTATE RECORDS OF
                  CLARK COUNTY NEVADA.

14.   Assignment.

      Buyer may assign its rights under this Agreement to an entity in which
      Buyer has a significant interest.

15.   Interpretation and Applicable Law.

      This Agreement shall be construed and interpreted in accordance with the
      laws of the state in which the Property is located (the "State"). Where
      required for proper interpretation, words in the singular shall include
      the plural; the masculine gender shall include the neuter and the
      feminine, and vice versa. The terms "successors and assigns" shall include
      the heirs, administrators, executors, successors, and assigns, as
      applicable, of any party hereto.

<PAGE>

16.   Amendment.

      This Agreement may not be modified or amended, except by an agreement in
      writing signed by the parties. The parties may waive any of the conditions
      contained herein or any of the obligations of the other party hereunder,
      but any such waiver shall be effective only if in writing and signed by
      the party waiving such conditions and obligations.

17.   Attorney's Fees.

      In the event it becomes necessary for either party to file a suit or
      arbitration to enforce this Agreement or any provisions contained herein,
      the prevailing party shall be entitled to recover, in addition to all
      other remedies or damages, reasonable attorneys' fees and costs of court
      incurred in such suit or arbitration.

18.   Entire Agreement; Survival.

      This Agreement (and the items to be furnished in accordance herewith)
      constitutes the entire agreement between the parties pertaining to the
      subject matter hereof and supersedes all prior and contemporaneous
      agreements and understandings of the parties in connection therewith. No
      representation, warranty, covenant, agreement, or condition not expressed
      in this Agreement shall be binding upon the parties hereto nor affect or
      be effective to interpret, change, or restrict the provisions of this
      Agreement. The obligations of the parties hereunder and all other
      provisions of this Agreement shall survive the closing or earlier
      termination of this Agreement, except as expressly limited herein.

19.   Multiple Originals only; Counterparts.

      Numerous agreements may be executed by the parties hereto. Each such
      executed copy shall have the full force and effect of an original executed
      instrument. This Agreement may be executed in any number of counterparts,
      all of which when taken together shall constitute the entire agreement of
      the parties.

20.   Acceptance.

      Time is of the essence of this Agreement. The date of execution of this
      Agreement by Seller shall be the date of execution of this Agreement. If
      the final date of any period falls upon a Saturday, Sunday, or legal
      holiday under Federal law, the laws of the State or the laws of the State
      of California if it is not the State, then in such event the expiration
      date of such period shall be extended to the next day which is not a
      Saturday, Sunday, or legal holiday under Federal law, the laws of the
      State or the State of California if it is not the State.

21.   Real Estate Commission.

<PAGE>

      Seller and Buyer each represent and warrant to the other that neither
      Seller nor Buyer has contracted or entered into any agreement with any
      real estate broker, agent, finder or any other party in connection with
      this transaction, and that neither party has taken any action which would
      result in any real estate broker's, finder's or other fees or commissions
      being due and payable to any party with respect to the transaction
      contemplated hereby, except that Seller has contracted with (a) Grubb &
      Ellis as its broker, (b) Triple Net Properties Realty, Inc., and (c)
      Realty Executives of NV, "Buyers Broker" (who shall receive a commission
      of one percent (1%)) and Seller will pay any commission due to said
      brokers. Each party hereby indemnifies and agrees to hold the other party
      harmless from any loss, liability, damage, cost, or expense (including
      reasonable attorneys' fees) resulting to the other party by reason of a
      breach of the representation and warranty made by such party in this
      paragraph.

22.   Exchange.

      Seller reserves the right to structure the sale of the Property as a like
      kind exchange pursuant to Section 1031 of the Code. In such event Seller
      shall have the right to assign its interest in this Agreement to a
      qualified exchange intermediary of its choosing to effect such exchange.
      Buyer shall sign a customary assignment and/or notice of assignment,
      however, such assignment shall at no cost or expense to Buyer and shall
      not otherwise affect the terms of this Agreement. Buyer may acquire the
      Property as part of a like kind exchange pursuant to Section 1031 of the
      Code. In such event Seller shall accommodate the documentation for Buyer's
      like kind exchange, provide that such accommodation shall be at no cost or
      expense to Seller and shall not otherwise affect the terms of this
      Agreement.

23.   Confidentiality.

      Buyer agrees that, prior to the closing, all Property information received
      by Buyer shall be kept confidential as provided in this paragraph. Without
      the prior written consent of Seller, prior to the closing, the Property
      information shall not be disclosed by Buyer or its representatives, in any
      manner whatsoever, in whole or in part, except (1) to Buyer's
      representatives, lenders or investors who need to know the Property
      information for the purpose of evaluating the Property and who are
      informed by the Buyer of the confidential nature of the Property
      information; (2) as may be necessary for Buyer or Buyer's representatives,
      lenders or investors to comply with applicable laws, including, without
      limitation, governmental, regulatory, disclosure, tax and reporting
      requirements; to comply with other requirements and requests of regulatory
      and supervisory authorities and self-regulatory organizations having
      jurisdiction over Buyer or Buyer's representatives; to comply with
      regulatory or judicial processes; or to satisfy reporting procedures and
      inquiries of credit rating agencies in accordance with customary practices
      of Buyer or its affiliates; and (3) to prospective tenants of the
      Property.

<PAGE>

24.   Approval.

      Seller's obligation to sell the Property is subject to the condition
      precedent that approval of the sale is obtained from all entities
      comprising Seller no later than fifteen business days after full execution
      of this Agreement, provided that, if such approvals are not obtained,
      Buyer shall not be required to buy the property, all Buyer's deposit(s)
      shall be returned to buyer, and Seller shall reimburse Buyer for the
      actual out-of-pocket costs incurred by the Buyer in conducting its due
      diligence investigation of the Property and the fees and expenses of
      Buyer's counsel in reviewing and negotiating this Agreement and related
      documentation, to a maximum of $25,000

THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK

<PAGE>

                               SIGNATURE PAGE FOR

                               The Oakey Building
                            4750 West Oakey Building
                                  Las Vegas, NV

EXECUTED on this the 31st day of Oct, 2005.

SELLER:

NNN Oakey Building 2003, LLC, a Delaware limited liability company

By: Triple Net Properties, LLC, a Virginia limited
    liability company

Its:  Manager

      By: /s/ Anthony W. Thompson
          -------------------------------------

      Name: Anthony W. Thompson

      Title: CEO

EXECUTED on this the 4th day of November, 2005.

BUYER:

Trans-Aero Land & Development Company,
a Nevada corporation

By: /s/ Eugene L. Buckley
    -------------------------------------------
    Eugene L. Buckley, President

<PAGE>

                                    EXHIBIT A

                       Legal Description of the Property

That portion of the Southwest Quarter (SW 1/4) of the Northwest Quarter (NW 1/4)
of Section 6, Township 21 South, Range 61 East, M.D.B. & M., described as
follow:

Lot three (3) of that certain Parcel Map in File 52 of Parcel Maps, Page 20 in
the Office of the County Recorder of Clark County, Nevada and recorded March 18,
1987 in Book 870318 as Document No. 00702, and by Certificate of Amendment
recorded January 25, 1989 in Book 890125 as Instrument No. 00179 of Official
Records of Clark County, Nevada.

<PAGE>

<TABLE>
<CAPTION>
                            Delivery
            Comment           Date                                                Item
<S>     <C>               <C>            <C>
1                         Oct. 20, 2005  The lease, and any amendments and modifications.

2                         Oct. 20, 2005  All correspondence between City of Las Vegas, the Tenant and Landlord or
                                         correspondence material to the operation and management of the building

3                         Oct. 20, 2005  All service contracts, vendor or maintenance agreements in effect or in
                                         negotiation

4                         Oct. 20, 2005  Any third party management agreement

5                         Oct. 20, 2005  Utility bills for the past twelve months

6                         Oct. 20, 2005  Property tax bills for the past two tax years

7                         Oct. 20, 2005  All structural, mechanical and tenant improvement plans for the
                                         improvements

8                         Oct. 20, 2005  Declarations pages for current insurance coverages

9                                        Intentionally deleted

10                        Oct. 20, 2005  Year-to-date and prior year income and expense statements for the property

11      Dated 8/09/2005   Oct. 20, 2005  ALTA survey, if available

12      None              N/A            Environmental assessment reports, if available

13      None              N/A            Appraisal reports, if available

14      None              N/A            Property condition report, if available

15      None              N/A            MEP (mechanical, engineering and plumbing) report, if available

16      None              N/A            Seismic or PML report, if available

17      None              N/A            Any warranties in effect for roof, HVAC, elevator, or other building
                                         components

18      None              N/A            Documents relating to any pending litigation or insurance or other claims
                                         effecting the property, together with a three-year claim and loss history for the property

19      None              N/A            Any agreement or lease regarding the operation of the parking structure

20      1 TCO (3rd Floor) Oct. 20, 2005  Temporary and final certificates of occupancy currently in Seller's
                                         possession.

21                        Oct. 20, 2005  Building permits and any other permits or licenses held in connection with
                                         the property

22                        Oct. 20, 2005  Any interior, exterior or aerial building photographs, if available

23      None              N/A            Any other reports relevant to the property
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
RENT                                                                  LEASE INCOME YEAR ONE
 WORKSHEET NAME   SUITE   SQFT   AUG-05    SEP-05     OCT-05     NOV-05     DEC-05    JAN-06      FEB-06    MAR-06      APR-06
<S>               <C>    <C>     <C>     <C>        <C>        <C>        <C>        <C>        <C>        <C>        <C>
First Floor        100   16,836    0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00
First Floor CA     100    8,126    0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00
Second Floor       200    2,259    0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00
Second Floor (2)   200      406  787.64     787.64     787.64     787.64     787.64     787.54     787.64     787.64     787.64
Second Floor (3)   200    6,632    0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00
Second Floor (4)   200    3,702    0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00
Second Floor (5)   200    9,655    0.00       0.00       0.00       0.00       0.00       0.00       0.00        000       0.00
Third Floor        300    9,574    0.00  18,573.56  18,573.56  18,573.56  18,573.56  18,573.56  18,573.56  18,573.56  18,573.56
Third Floor (2)    300    7,820    0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00
Third Floor (3)    300    3,765    0.00   7,304.10   7,304.10   7,304.10   7,304.10   7,304.10   7,304.10   7,304.10   7,304.10
Third Floor (4)    300    4,052    0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00
Fourth Floor       400   25,333    0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00       0.00
                         98,160  787.64  26,665.30  26,665.30  26,665.30  26,665.30  26,665.30  26,665.30  26,665.30  26,665.30

<CAPTION>
RENT                                    LEASE INCOME YEAR ONE
 WORKSHEET NAME   SUITE   SQFT     MAY-06      JUN-06      JUL-06
<S>               <C>    <C>      <C>        <C>         <C>
First Floor        100   16,836        0.00        0.00        0.00
First Floor CA     100    8,126        0.00        0.00        0.00
Second Floor       200    2,259        0.00        0.00        0.00
Second Floor (2)   200      406      787.64      787.64      787.64
Second Floor (3)   200    6,632        0.00        0.00        0.00
Second Floor (4)   200    3,702        0.00        0.00        0.00
Second Floor (5)   200    9,655        0.00        0.00        0.00
Third Floor        300    9,574   18,573.56   18,573.56   18,573.56
Third Floor (2)    300    7,820        0.00        0.00        0.00
Third Floor (3)    300    3,765    7,304.10    7,304.10    7,304.10
Third Floor (4)    300    4,052        0.00        0.00        0.00
Fourth Floor       400   25,333        0.00        0.00        0.00
                         98,160   26,665.30   26,665.30   26,665.30
</TABLE>

<TABLE>
<CAPTION>
RENT GUARANTY                                                      RENT GUARANTY YEAR ONE
WORKSHEET NAME    SUITE   SQFT     DEC-05      JAN-06      FEB-06      MAR-06      APR-06      MAY-06       JUN-06     JUL-06
<S>               <C>    <C>     <C>         <C>         <C>         <C>         <C>         <C>         <C>         <C>
First Floor        100   16,836   31,988.40   31,988.40   31,988.40   31,988.40   31,988.40   31,988.40   31,988.40   31,988.40
First Floor CA     100    8,126   15,439.40   15,439.40   15,439.40   15,439.40   15,439.40   15,439.40   15,439.40   15,439.40
Second Floor       200    2,259    4,624.17    4,624.17    4,624.17    4,624.17    4,624.17    4,624.17    4,624.17    4,624.17
Second Floor (2)   200      406        0.00        0.00        0.00        0.00        0.00        0.00        0.00        0.00
Second Floor (3)   200    6,632   12,600.80   12,600.80   12,600.80   12,600.80   12,600.80   12,600.80   12,600.80   12,600.80
Second Floor (4)   200    3,702    7,033.80    7,033.80    7,033.80    7.033.80    7,033.80    7,033.80    7,033.80    7,033.80
Second Floor (5)   200    9,655   18,344.50   18,344.50   18,344.50   18,344.50   18,344.50   18,344.50   18,344.50   18,344.50
Third Floor        300    9,574        0.00        0.00        0.00        0.00        0.00        0.00        0.00        0.00
Third Floor (2)    300    7,820   14,858.00   14,858.00   14,858.00   14,858.00   14,858.00   14,858.00   14,858.00   14,858.00
Third Floor (3)    300    3,765        0.00        0.00        0.00        0.00        0.00        0.00        0.00        0.00
Third Floor (4)    300    4,052    7,698.80    7,698.80    7,698.80    7,698.80    7,698.80    7,698.80    7,698.80    7,698.80
Fourth Floor       400   25,333   48,132.70   48,132.70   48,132.70   48,132.70   48,132.70   48,132.70   48,132.70   48,132.70
                         98,160  160,720.57  160,720.57  160,720.57  160,720.57  160,720.57  160,720.57  160,720.57  160,720.57

<CAPTION>
RENT GUARANTY                                RENT GUARANTY YEAR TWO
WORKSHEET NAME     SUITE   SQFT     AUG-06    SEP-06       OCT-06     NOV-06
<S>                <C>    <C>     <C>        <C>        <C>         <C>
First Floor         100   16,836  34,463.29  34,463.29   34,463.29  34,463.29
First Floor CA      100    8,126       0.00       0.00        0.00       0.00
Second Floor        200    2,259       0.00       0.00        0.00       0.00
Second Floor (2)    200      406       0.00       0.00        0.00       0.00
Second Floor (3)    200    6,632  13,575.70  13,575.70   13,575.70  13,575.70
Second Floor (4)    200    3,702       0.00       0.00        0.00       0.00
Second Floor (5)    200    9,655       0.00       0.00        0.00       0.00
Third Floor         300    9,574       0.00       0.00        0.00       0,00
Third Floor (2)     300    7,820  16,007.54  16,007.54   16,007.54  16,007.54
Third Floor (3)     300    3,765       0.00       0.00        0.00       0.00
Third Floor (4)     300    4,052   8,294.44   8,294.44    8,294.44   8.294.44
Fourth Floor        400   25,333       0.00       0.00        0.00        000
                          98,160  72,340.97  72,340.97   72,340.97  72,340.97
</TABLE>

                                                            TOTAL RENT GUARANTY:

<PAGE>

<TABLE>
<CAPTION>
RENT                                                                  LEASE INCOME YEAR TWO
 WORKSHEET NAME   SUITE   SQFT     AUG-06      SEP-06      OCT-06      NOV-06       DEC-06     JAN-07      FEB-07      MAR-07
<S>               <C>    <C>     <C>         <C>         <C>         <C>         <C>         <C>         <C>         <C>
First Floor        100   16,836        0.00        0.00        0.00        0.00        0.00   34,463.29   34,463.29   34,463.29
First Floor CA     100    8,126   16,633.92   16,633.92   16,633.92   16,633.92   16,633.92   16,633.92   16,633.92   16,633.92
Second Floor       200    2,259    4,624.17    4,624.17    4,624.17    4,624.17    4,624.17    4,624.17    4,624.17    4,624.17
Second Floor (2)   200      406      831.08      831.08      831.08      831.08      831.08      831.08      831.08      831.08
Second Floor (3)   200    6,632        0.00        0.00        0.00        0.00        0.00   13,575.70   13,575.70   13,575.70
Second Floor (4)   200    3,702    7,577.99    7,577.99    7,577.99    7,577.99    7,577.99    7,577.99    7,577.99    7,577.99
Second Floor (5)   200    9,655   19,763.79   19,763.79   19,763.79   19,763.79   19,763.79   19,763.79   19,763.79   19,763.79
Third Floor        300    9,574   19,597.98   19,597.98   19,597.98   19,597.98   19,597.98   19,597.98   19,597.98   19,597.98
Third Floor (2)    300    7,820        0.00        0.00        0.00        0.00        0.00   16,007.54   16,007.54   16,007.54
Third Floor (3)    300    3,765    7,706.96    7,706.96    7,706.96    7,706.96    7,706.96    7,706.96    7,706.96    7,706.96
Third Floor (4)    300    4,052        0.00        0.00        0.00        0.00        0.00    8,294.44    8,294,44    8,294.44
Fourth Floor       400   25,333   51,856.65   51,856.65   51,856.65   51,856.65   51,856.65   51,856.65   51,856.65   51,856.65
                         98,160  128,592.54  128,592,54  128,592.54  128,592.54  128,592.54  200,933.52  200,933.52  200,933.52

<CAPTION>
RENT                                           LEASE INCOME YEAR TWO
 WORKSHEET NAME   SUITE   SQFT     APR-07      MAY-07      JUN-07       JUL-07
<S>               <C>    <C>     <C>         <C>         <C>         <C>
First Floor        100   16,836   34,463.29   34,463.29   34,463.29     34,463.29
First Floor CA     100    8,126   16,633.92   16,633.92   16,633.92     16,633.92
Second Floor       200    2,259    4,624.17    4,624.17    4,624.17      4,624.17
Second Floor (2)   200      406      831.08      831.08      831.08        831.08
Second Floor (3)   200    6,632   13,575.70   13,575.70   13,575.70     13,575.70
Second Floor (4)   200    3,702    7,577.99    7,577.99    7,577.99      7,577.99
Second Floor (5)   200    9,655   19,763.79   19,763.79   19,763.79     19,763.79
Third Floor        300    9,574   19,597.98   19,597.98   19,597.98     19,597.98
Third Floor (2)    300    7,820   16,007.54   16,007.54   16,007.54     16,007.54
Third Floor (3)    300    3,765    7,706.96    7,706.96    7,706.96      7,706.96
Third Floor (4)    300    4,052    8,294.44    8,294.44    8,294.44      8,294.44
Fourth Floor       400   25,333   51,856.65   51,856.65   51,856.65     51,856.65
                         98,160  200,933.52  200,933.52  200,933.52    200,933.52
                                                  TOTAL ANNUAL RENT  2,049,497.34
</TABLE>

<TABLE>
<CAPTION>
RENT GUARANTY
WORKSHEET NAME    SUITE   SQFT     DEC-06    JAN-07  FEB-07  MAR-07  APR-07  MAY-07  JUN-07  JUL-07  AUG-07  SEP-07  OCT-07  NOV-07
<S>               <C>    <C>     <C>         <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>
First Floor        100   16,836  34,463.29
First Floor CA     100    8,126       0.00
Second Floor       200    2,259       0.00
Second Floor (2)   200      406       0.00
Second Floor (3)   200    6,632  13,575.70
Second Floor (4)   200    3,702       0.00
Second Floor (5)   200    9,655       0.00
Third Floor        300    9,574       0.00
Third Floor (2)    300    7,820  16,007.54
Third Floor (3)    300    3,765       0.00
Third Floor (4)    300    4,052   8,294.44
Fourth Floor       400   25,333       0.00
                         98,160  72,340.97

                                 1,745,629
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
RENT                                                                       YEAR THREE
 WORKSHEET NAME   SUITE   SQFT     AUG-07      SEP-07      OCT-07      NOV-07       DEC-07     JAN-08      FEB-08      MAR-08
<S>               <C>    <C>     <C>         <C>         <C>         <C>         <C>         <C>         <C>         <C>
First Floor        100   16,836   35,497.19   35,497.19   35,497.19   35,497.19   35,497.19   35,497.19   35,497.19   35,497.19
First Floor CA     100    8,126   17,132.94   17,132.94   17,132.94   17,132.94   17,132.94   17,132.94   17,132.94   17,132.94
Second Floor       200    2,259    4,762.90    4,762.90    4,762.90    4,762.90    4,762.90    4,762.90    4,762.90    4,762.90
Second Floor (2)   200      406      856.01      856.01      856.01      856.01      856.01      856.01      856.01      856.01
Second Floor (3)   200    6,632   13,982.98   13,982.98   13,982.98   13,982.98   13,982.98   13,982.98   13,982.98   13,982.98
Second Floor (4)   200    3,702    7,805.33    7,805.33    7,805.33    7,805.33    7,805.33    7,805.33    7,805.33    7,805.33
Second Floor (5)   200    9,655   20,356.70   20,356.70   20,356.70   20,356.70   20,356.70   20,356.70   20,356.70   20,356.70
Third Floor        300    9,574   20,185.92   20,185.92   20,185.92   20,185.92   20,185.92   20,185.92   20,185.92   20,185.92
Third Floor (2)    300    7,820   16,487.77   16,487.77   16,487.77   16,487.77   16,487.77   16,487.77   16,487.77   16,487.77
Third Floor (3)    300    3,765    7,938.16    7,938.16    7,938.16    7,938.16    7,938.16    7,938.16    7,938.16    7,938.16
Third Floor (4)    300    4,052    8,543.28    8,543.28    8,543.28    8,543.28    8,543.28    8,543.28    8,543.28    8,543.28
Fourth Floor       400   25,333   53,412.35   53,412.35   53,412.35   53,412.35   53,412.35   53,412.35   53,412.35   53,412.35
                         98,160  206,961.53  206,961.53  206,961.53  206,961.53  206,961.53  206,961.53  206,961.53  206,961.53

<CAPTION>
RENT                                                YEAR THREE
 WORKSHEET NAME   SUITE   SQFT      APR-08     MAY-08       JUN-08      JUL-08
<S>               <C>    <C>     <C>         <C>         <C>         <C>
First Floor        100   16,836   35,497.19   35,497.19   35,497.19     35,497.19
First Floor CA     100    8,126   17,132.94   17,132.94   17,132.94     17,132.94
Second Floor       200    2,259    4,762.90    4,762.90    4,762.90      4,762.90
Second Floor (2)   200      406      856.01      856.01      856.01        856.01
Second Floor (3)   200    6,632   13,982.98   13,982.98   13,982.98     13,982.98
Second Floor (4)   200    3,702    7,805.33    7,805.33    7,805.33      7,805.33
Second Floor (5)   200    9,655   20,356.70   20,356.70   20,356.70     20,356.70
Third Floor        300    9,574   20,185.92   20,185.92   20,185.92     20,185.92
Third Floor (2)    300    7,820   16,487.77   16,487.77   16,487.77     16,487.77
Third Floor (3)    300    3,765    7,938.16    7,938.16    7,938.16      7,938.16
Third Floor (4)    300    4,052    8,543.28    8,543.28    8,543.28      8,543.28
Fourth Floor       400   25,333   53,412.35   53,412.35   53,412.35     53,412.35
                         98,160  206,961.53  206,961.53  206,961.53    206,961.53
                                                   TOTAL ANNUAL RENT 2,483,538.31
</TABLE>

<TABLE>
<CAPTION>
RENT GUARANTY                                                              YEAR THREE
WORKSHEET NAME    SUITE   SQFT   DEC-07  JAN-08  FEB-08  MAR-08  APR-08  MAY-08  JUN-08  JUL-08  AUG-08  SEP-08  OCT-08  NOV-08
<S>               <C>    <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>
First Floor        100   16,836
First Floor CA     100    8,126
Second Floor       200    2,259
Second Floor (2)   200      406
Second Floor (3)   200    6,632
Second Floor (4)   200    3,702
Second Floor (5)   200    9,655
Third Floor        300    9,574
Third Floor (2)    300    7,820
Third Floor (3)    300    3,765
Third Floor (4)    300    4,052
Fourth Floor       400   25,333
                         98,160
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
RENT                                                                  YEAR FOUR
 WORKSHEET NAME   SUITE   SQFT     AUG-08      SEP-08      OCT-08      NOV-08       DEC-08     JAN-09      FEB-09
<S>               <C>    <C>     <C>         <C>         <C>         <C>         <C>         <C>         <C>
First Floor        100   16,836   36,562.11   36,562.11   36,562.11   36,562.11   36,562.11   36,562.11   36,562.11
First Floor CA     100    8,126   17,646.93   17,646.93   17,646.93   17,646.93   17,646.93   17,646.93   17,646.93
Second Floor       200    2,259    4,905.79    4,905.79    4,905.79    4,905.79    4,905.79    4,905.79    4,905.79
Second Floor (2)   200      406      881.69      881.69      881.69      881.69      881.69      881.69      881.69
Second Floor (3)   200    6,632   14,402.46   14,402.46   14,402.46   14,402.46   14,402.46   14,402.46   14,402.46
Second Floor (4)   200    3,702    8,039.49    8,039.49    8,039.49    8,039.49    8,039.49    8,039.49    8,039.49
Second Floor (5)   200    9,655   20,967.40   20,967.40   20,967.40   20,967.40   20,967.40   20,967.40   20,967.40
Third Floor        300    9,574   20,791.49   20,791.49   20,791.49   20,791.49   20,791.49   20,791.49   20,791.49
Third Floor (2)    300    7,820   16,982.40   16,982.40   16,982.40   16,982.40   16,982.40   16,982.40   16,982.40
Third Floor (3)    300    3,765    8,176.31    8,176.31    8,176.31    8,176.31    8,176.31    8,176.31    8,176.31
Third Floor (4)    300    4,052    8,799.58    8,799.58    8,799.58    8,799.58    8,799.58    8,799.58    8,799.58
Fourth Floor       400   25,333   55,014.72   55,014.72   55,014.72   55,014.72   55,014.72   55,014.72   55,014.72
                         98,160  213,170.37  213,170.37  213,170.37  213,170.37  213,170.37  213,170.37  213,170.37

<CAPTION>
RENT                                                      YEAR FOUR
 WORKSHEET NAME   SUITE   SQFT     MAR-09      APR-09      MAY-09      JUN-09      JUL-09
<S>               <C>    <C>     <C>         <C>         <C>         <C>         <C>
First Floor        100   16,836   36,562.11   36,562.11   36,562,11   36,562.11     36,562.11
First Floor CA     100    8,126   17,646.93   17,646.93   17,646.93   17,646.93     17,646.93
Second Floor       200    2,259    4,905.79    4,905.79    4,905.79    4,905.79      4,905.79
Second Floor (2)   200      406      881.69      881.69      881.69      881.69        881.69
Second Floor (3)   200    6,632   14,402.46   14,402.46   14,402.46   14,402.46     14,402.46
Second Floor (4)   200    3,702    8,039.49    8,039.49    8,039.49    8,039.49      8,039.49
Second Floor (5)   200    9,655   20,967.40   20,967.40   20,967.40   20,967.40     20,967.40
Third Floor        300    9,574   20,791.49   20,791.49   20,791.49   20,791.49     20,791.49
Third Floor (2)    300    7,820   16,982.40   16,982.40   16,982.40   16,982.40     16,982.40
Third Floor (3)    300    3,765    8,176.31    8,176.31    8,176.31    8,176.31      8,176.31
Third Floor (4)    300    4,052    8,799.58    8,799.58    8,799.58    8,799.58      8,799.58
Fourth Floor       400   25,333   55,014.72   55,014.72   55,014.72   55,014.72     55,014.72
                         98,160  213,170.37  213,170.37  213,170.37  213,170.37    213,170.37
                                                               TOTAL ANNUAL RENT 2,558,044.46
</TABLE>

<TABLE>
<CAPTION>
RENT GUARANTY                                                             YEAR FOUR
WORKSHEET NAME    SUITE   SQFT   DEC-08  JAN-09  FEB-09  MAR-09  APR-09  MAY-09  JUN-09  JUL-09  AUG-09  SEP-09  OCT-09  NOV-09
<S>               <C>    <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>
First Floor        100   16,836
First Floor CA     100    8,126
Second Floor       200    2,259
Second Floor (2)   200      406
Second Floor (3)   200    6,632
Second Floor (4)   200    3,702
Second Floor (5)   200    9,655
Third Floor        300    9,574
Third Floor (2)    300    7,820
Third Floor (3)    300    3,765
Third Floor (4)    300    4,052
Fourth Floor       400   25,333
                         98,160
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
RENT                                                                   YEAR FIVE
 WORKSHEET NAME   SUITE    SQFT      AUG-09      SEP-09      OCT-09      NOV-09      DEC-09      JAN-10      FEB-10
<S>               <C>     <C>      <C>         <C>         <C>         <C>         <C>         <C>         <C>
First Floor        100    16,836    37,658.97   37,658.97   37,658.97   37,658.97   37,658.97   37,658.97   37,658.97
First Floor CA     100     8,126    18,176.34   18,176.34   18,176.34   18,176.34   18,176.34   18,176.34   18,176.34
Second Floor       200     2,259     5,052.96    5,052.96    5,052.96    5,052.96    5,052.96    5,052.96    5,052.96
Second Floor (2)   200       406       908.15      908.15      908.15      908.15      908.15      908.15      908.15
Second Floor (3)   200     6,632    14,834.54   14,834.54   14,834.54   14,834.54   14,834.54   14,834.54   14,834.54
Second Floor (4)   200     3,702     8,280.68    8,280.68    8,280.68    8,280.68    8,280.68    8,280.68    8,280.68
Second Floor (5)   200     9,655    21,596.42   21,596.42   21,596.42   21,596.42   21,596.42   21,596.42   21,596.42
Third Floor        300     9,574    21,415.24   21,415.24   21,415.24   21,415.24   21,415.24   21,415.24   21,415.24
Third Floor (2)    300     7,820    17,491.87   17,491.87   17,491.87   17,491.87   17,491.87   17,491.87   17,491.87
Third Floor (3)    300     3,765     8,421.60    8,421.60    8,421.60    8,421.60    8,421.60    8,421.60    8,421.60
Third Floor (4)    300     4,052     9,063.56    9,063.56    9,063.56    9,063.56    9,063.56    9,063.56    9,063,56
Fourth Floor       400    25,333    56,665.16   56,665.16   56,665.16   56,665.16   56,665.16   56,665.16   56,665.16
                          98,160   219,565.48  219,565.48  219,565.48  219,565.48  219,565.48  219,565.48  219,565.48

<CAPTION>
RENT                                                        YEAR FIVE
 WORKSHEET NAME   SUITE    SQFT      MAR-10      APR-10      MAY-10      JUN-10       JUL-10
<S>               <C>     <C>      <C>         <C>         <C>         <C>         <C>
First Floor        100    16,836    37,658.97   37,658.97   37,658.97   37,658.97     37,658.97
First Floor CA     100     8,126    18,176.34   18,176.34   18,176.34   18,176.34     18,176.34
Second Floor       200     2,259     5,052.96    5,052.96    5,052.96    5,052.96      5,052.96
Second Floor (2)   200       406       908.15      908.15      908.15      908.15        908.15
Second Floor (3)   200     6,632    14,834.54   14,834.54   14,834.54   14,834.54     14,834.54
Second Floor (4)   200     3,702     8,280.68    8,280.68    8,280.68    8,280.68      8,280.68
Second Floor (5)   200     9,655    21,596.42   21,596.42   21,596.42   21,596.42     21,596.42
Third Floor        300     9,574    21,415.24   21,415.24   21,415.24   21,415.24     21,415.24
Third Floor (2)    300     7,820    17,491.87   17,491.87   17,491.87   17,491.87     17,491.87
Third Floor (3)    300     3,765     8,421.60    8,421.60    8,421.60    8,421.60      8,421.60
Third Floor (4)    300     4,052     9,063.56    9,063.56    9,063.56    9,063.56      9,063.56
Fourth Floor       400    25,333    56,665.16   56,665.16   56,665.16   56,665.16     56,665.16
                          98,160   219,565.48  219,565.48  219,565.48  219,565.48    219,565.48
                                                                TOTAL ANNUAL RENT  2,634,785.79
</TABLE>

<TABLE>
<CAPTION>
RENT GUARANTY                                                               YEAR FIVE
WORKSHEET NAME     SUITE    SQFT    DEC-09  JAN-10  FEB-10  MAR-10  APR-10  MAY-10  JUN-10  JUL-10  AUG-10  SEP-10  OCT-10  NOV-10
<S>                <C>     <C>      <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>     <C>
First Floor         100    16,836
First Floor CA      100     8,126
Second Floor        200     2,259
Second Floor (2)    200       406
Second Floor (3)    200     6,632
Second Floor (4)    200     3,702
Second Floor (5)    200     9,655
Third Floor         300     9,574
Third Floor (2)     300     7,820
Third Floor (3)     300     3,765
Third Floor (4)     300     4,052
Fourth Floor        400    25,333
                           98,160
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
RENT                                                                  YEAR SIX
 WORKSHEET NAME  SUITE    SQFT     AUG-10      SEP-10      OCT-10      NOV-10       DEC-10      JAN-11      FEB-11
<S>              <C>     <C>     <C>         <C>         <C>         <C>          <C>         <C>         <C>
First Floor       100    16,836   38,788.74   38,788.74   38,788.74   38,788.74    38,788.74   38,788,74   38,788.74
First Floor CA    100     8,126   18,721.63   18,721.63   18,721.63   18,721.63    18,721.63   18,721.63   18,721.63
Second Floor      200     2,259    5,204.55    5,204.55    5,204.55    5,204.55     5,204.55    5,204.55    5,204.55
Second Floor (2)  200       406      935.39      935.39      935.39      935.39       935.39      935.39      935.39
Second Floor (3)  200     6,632   15,279.57   15,279.57   15,279.57   15,279.57    15,279.57   15,279.57   15,279.57
Second Floor (4)  200     3,702    8,529.10    8,529.10    8,529.10    8,529.10     8,529.10    8,529.10    8,529.10
Second Floor (5)  200     9,655   22,244.31   22,244.31   22,244.31   22,244.31    22,244.31   22,244.31   22,244.31
Third Floor       300     9,574   22,057.70   22,057.70   22,057.70   22,057.70    22,057.70   22,057.70   22,057.70
Third Floor (2)   300     7,820   18,016.63   18,016.63   18,016.63   18,016.63    18,016.63   18,016.63   18,016.63
Third Floor (3)   300     3,765    8,674.25    8,674.25    8,674.25    8,674.25     8,674.25    8,674.25    8,674.25
Third Floor (4)   300     4,052    9,335.47    9,335.47    9,335.47    9,335.47     9,335.47    9,335.47    9,335.47
Fourth Floor      400    25,333   58,365.12   58,365.12   58,365.12   58,365.12    58,365.12   58,365.12   58,365.12
                         98,160  226,152.45  226,152.45  226,152.45  226,152.45   226,152.45  226,152.45  226,152.45

<CAPTION>
RENT                                                                YEAR SIX
 WORKSHEET NAME  SUITE    SQFT     MAR-11      APR-11       MAY-11      JUN-11         JUL-11
<S>              <C>     <C>     <C>         <C>          <C>         <C>           <C>           <C>
First Floor       100    16,836   38,788.74   38,788.74    38,788.74   38,788.74       38,788.74   2,023,327.11
First Floor CA    100     8,126   18,721.63   18,721.63    18,721.63   18,721.63       18,721.63   1,059,741.01
Second Floor      200     2,259    5,204.55    5,204.55     5,204.55    5,204.55        5,204.55     294,604.35
Second Floor (2)  200       406      935.39      935.39       935.39      935.39          935.39      62,399.61
Second Floor (3)  200     6,632   15,279.57   15,279.57    15,279.57   15,279.57       15,279.57     797,024.56
Second Floor (4)  200     3,702    8,529.10    8,529.10     8,529.10    8,529.10        8,529.10     482,791.19
Second Floor (5)  200     9,655   22,244.31   22,244.31    22,244.31   22,244.31       22,244.31   1,259,143.42
Third Floor       300     9,574   22,057.70   22,057.70    22,057.70   22,057.70       22,057.70   1,452,889.08
Third Floor (2)   300     7,820   18,016.63   18,016.63    18,016.63   18,016.63       18,016.63     939,796.75
Third Floor (3)   300     3,765    8,674.25    8,674.25     8,674.25    8,674.25        8,674.25     571,352.35
Third Floor (4)   300     4,052    9,335.47    9,335.47     9,335.47    9,335.47        9,335.47     486,963.74
Fourth Floor      400    25,333   58,365.12   58,365.12    58,365.12   58,365.12       58,365.12   3,303,768.03
                         98,160  226,152.45  226,152.45   226,152.45  226,152.45      226,152.45  12,733,801.20
                                                               TOTAL ANNUAL RENT    2,713,829.36
</TABLE>

<TABLE>
<CAPTION>
RENT GUARANTY                                                              YEAR SIX
 WORKSHEET NAME        SUITE      SQFT    DEC-10   JAN-11   FEB-11   MAR-11   APR-11   MAY-11    JUN-11   JUL-11
<S>                    <C>       <C>      <C>      <C>      <C>      <C>      <C>      <C>       <C>      <C>
First Floor             100      16,836
First Floor CA          100       8,126
Second Floor            200       2,259
Second Floor (2)        200         406
Second Floor (3)        200       6,632
Second Floor (4)        200       3,702
Second Floor (5)        200       9,655
Third Floor             300       9,574
Third Floor (2)         300       7,820
Third Floor (3)         300       3,765
Third Floor (4)         300       4,052
Fourth Floor            400      25,333
                                 98,160
</TABLE>

<PAGE>

               Oakey Building Rent Guaranty Schedule - Exhibit B

<TABLE>
<CAPTION>
                                                                       RENT GUARANTY YEAR ONE
SPACE            SUITE    SQFT      DEC-05       JAN-06       FEB-06       MAR-06      APR-06      MAY-06      JUN-06      JUL-06
<S>              <C>     <C>     <C>          <C>          <C>          <C>         <C>         <C>         <C>         <C>
First Floor       100    16,836    31,988.40    31,988.40    31,988.40    31,988.40   31,988.40   31,988.40   31,988.40   31,988.40
First Floor CA    100     8,126    15,439.40    15,439.40    15,439.40    15,439.40   15,439.40   15,439.40   15,439.40   15,439.40
Second Floor      200     2,259     4,624.17     4,624.17     4,624.17     4,624.17    4,624.17    4,624.17    4,624.17    4,624.17
Second Floor (2)  200       406         0.00         0.00         0.00         0.00        0.00        0.00        0.00        0.00
Second Floor (3)  200     6,632    12,600.80    12,600.80    12,600.80    12,600.80   12,600.80   12,600.80   12,600.80   12,600.80
Second Floor (4)  200     3,702     7,033.80     7,033.80     7,033.80     7,033.80    7,033.80    7,033.80    7,033.80    7,033.80
Second Floor (5)  200     9,655    18,344.50    18,344.50    18,344.50    18,344.50   18,344.50   18,344.50   18,344.50   18,344.50
Third Floor       300     9,574         0.00         0.00         0.00         0.00        0.00        0.00        0.00        0.00
Third Floor (2)   300     7,820    14,858.00    14,858.00    14,858.00    14,858.00   14,858.00   14,858.00   14,858.00   14,858.00
Third Floor (3)   300     3,765         0.00         0.00         0.00         0.00        0.00        0.00        0.00        0.00
Third Floor (4)   300     4,052     7,698.80     7,698.80     7,698.80     7,698.80    7,698.80    7,698.80    7,698.80    7,698.80
Fourth Floor      400    25,333    48,132.70    48,132.70    48,132.70    48,132.70   48,132.70   48,132.70   48,132.70   48,132.70
                         98,160   160,720.57   160,720.57   160,720.57   160,720.57  160,720.57  160,720.57  160,720.57  160,720.57
                     Daily Rate  $  5,184.53  $  5,184.53  $  5,184.53  $  5,184.53 $  5,184.53 $  5,184.53 $  5,184.53 $  5,184.53

<CAPTION>
                                                     RENT GUARANTY YEAR TWO
SPACE            SUITE    SQFT      AUG-06      SEP-06      OCT-06       NOV-06      DEC-06
<S>              <C>     <C>      <C>         <C>         <C>          <C>         <C>
First Floor       100    16,836    34,463.29   34,463.29   34,463.29    34,463.29   34,463.29
First Floor CA    100     8,126         0.00        0.00        0.00         0.00        0.00
Second Floor      200     2,259         0.00        0.00        0.00         0.00        0.00
Second Floor (2)  200       406         0.00        0.00        0.00         0.00        0.00
Second Floor (3)  200     6,632    13,575.70   13,575.70   13,575.70    13,575.70   13,575.70
Second Floor (4)  200     3,702         0.00        0.00        0.00         0.00        0.00
Second Floor (5)  200     9,655         0.00        0.00        0.00         0.00        0.00
Third Floor       300     9,574         0.00        0.00        0.00         0.00        0.00
Third Floor (2)   300     7,820    16,007.54   16,007.54   16,007.54    16,007.54   16,007.54
Third Floor (3)   300     3,765         0.00        0.00        0.00         0.00        0.00
Third Floor (4)   300     4,052     8,294.44    8,294.44    8,294.44     8,294.44    8,294.44
Fourth Floor      400    25,333         0.00        0.00        0.00         0.00        0.00
                         98,160    72,340.97   72,340.97   72,340.97    72,340.97   72,340.97
                                  $ 2,333.58  $ 2,333.58  $ 2,333.58   $ 2,333.58  $ 2,333.58
                                                             TOTAL RENT GUARANTY:   1,745,629
</TABLE>
<PAGE>

                    EXHIBIT B TO PURCHASE AND SALE AGREEMENT
                             FOR THE OAKEY BUILDING

                                ESCROW AGREEMENT

      THIS ESCROW AGREEMENT (this "Agreement") is made and entered into as of
the ____day of_______, 2005, between NNN OAKEY BUILDING 2003, LLC, a Delaware
limited liability company ("Seller"), TRANS-AERO LAND AND DEVELOPMENT CORP.
("Purchaser"), and FIRST AMERICAN TITLE CORPORATION ("Escrow Agent").

                                    RECITALS

      A. Seller and Purchaser entered into a Purchase and Sale Agreement dated
as of ____________, 2005 (the "PSA") for the purchase and sale of certain real
property located at 4750 West Oakey Blvd. (Clark County), Nevada, as more
particularly described in the PSA (the "Property"). Any capitalized terms not
defined herein shall have the meanings set forth in the PSA.

      B. The leaseable area within the building on the Property is leased to the
Las Vegas Metropolitan Police Department ("P. D. Lease"). Under the terms of the
P. D. Lease, the Police Department is not required to pay rent for certain space
within the building (the "Free Rent Space"), until such time as Seller fulfills
certain requirements under the terms of its agreement with the Police Department
(the "Free Rent Period"). Unless sooner terminated, the Free Rent Period ends on
December 31, 2006.

      C. Section 6.4.5 of the PSA provides that Seller is responsible to cover
the rent which would otherwise be payable during the Free Rent Period. In order
to secure Seller's obligation to cover the rent payable during the Free Rent
Period, the parties are entering into this agreement. The guaranty shall
commence upon close of escrow and continue through the Free Rent Period
described in the P. D. Lease.

      NOW THEREFORE, in consideration of the mutual covenants and premises
herein contained, and other good and valuable consideration, and intending to be
legally bound hereby, the parties hereby agree as follows:

      1.    FREE RENT ESCROW.

            (a) At closing, Seller shall escrow from the Seller's net proceeds
with Escrow Agent in an interest-bearing account, the sum of $1,745,629.00.
This amount has been calculated pursuant to a rent commencement schedule more
particularly set forth on Exhibit B attached hereto and incorporated herein.

            (b) Upon the rent commencement for the Free Rent Space, the amount
of the monthly Escrow payment shall be reduced by the amount of rent being paid
by the Police Department with respect to portions of the Free Rent Space, from
time to time.

                                       1
<PAGE>

            (c) Beginning on the fifteenth (15th) day of each calendar month
following December, 2005, and until such time as the Police Department is paying
the full rent, the Escrow Agent shall, with instruction from both parties,
disburse a mutually agreed upon amount (the "Rent Payment") to Purchaser.

            (e) Any balance remaining in the Escrow on January 2, 2007, shall be
disbursed to Seller immediately.

      2. DISPUTES. In the event of a dispute between any of the parties hereto
as to their respective rights and interests hereunder, the Escrow Agent shall be
entitled to hold any and all cash then in its possession hereunder until such
dispute shall have been resolved by the parties in dispute and the Escrow Agent
shall have been notified by instrument jointly signed by all of the parties in
dispute, or until such dispute shall have been finally adjudicated by a court of
competent jurisdiction.

      3. LIABILITY OF ESCROW AGENT. The Escrow Agent hereby consents and agrees
to all of the provisions hereof, and agrees to accept, as Escrow Agent
hereunder, all cash and documents deposited hereunder, and agrees to hold and
dispose of said cash and documents deposited hereunder in accordance with the
terms and provisions hereof. It is agreed that the Escrow Agent shall have no
obligation or liability hereunder except as a depositary to retain the cash
which may be deposited with it hereunder and to dispose of the same in
accordance with the terms hereof. The Escrow Agent shall be entitled to rely and
act upon any written instrument received by it, and if a corporation, purporting
to be executed by an officer thereof, and if a partnership, purporting to be
executed by a general partner thereof and shall not be required to inquire into
the authority of such officer or partner or the correctness of the facts stated
in said instrument. By acceptance of this agreement, Escrow Agent agrees to use
its best judgment and good faith in the performance of any of its obligations
and duties under this Agreement and shall incur no liability to any person for
its acts or omissions hereunder, except for those acts or omissions which may
result from its gross negligence or willful misconduct. Upon disposition by the
Escrow Agent, in accordance with the terms hereof, of the cash deposited with
the Escrow Agent hereunder, the Escrow Agent shall be fully and finally released
and discharged from any and all duties, obligations, and liabilities hereunder.

      4. NOTICES. Any notice which any party may be required or may desire to
give hereunder shall be deemed to have been duly given when personally
delivered, against receipt therefore signed by the party to whom the notice is
given, or with respect to any party other than the Escrow Agent, on the next
business day if sent by overnight courier, or on the fourth business day after
mailing by certified or registered mail, postage prepaid, addressed as set forth
below, or to such other address as a party hereto may designate by a notice to
the other parties. Any notice mailed, sent by facsimile transmission, or given
to the Escrow Agent shall be deemed given only when received. Any notice given
by any party hereto shall be given to both of the other parties hereto
simultaneously.

                                       2
<PAGE>

                If to Seller:               c/o Triple Net Properties, LLC
                                            1551 N. Tustin Avenue, Suite 200
                                            Santa Ana, CA 92705
                                            (714) 667-8252
                                            (714) 667-6860 Fax
                                            Attn: Theresa Hutton

                If to Purchaser:            Trans-Aero  Land  &  Development
                                            Corp.
                                            3170 Polaris Ave., Suite 24
                                            Las Vegas, NV 89102
                                            (702)947-7100
                                            (702)974-7106 fax

                If to Escrow Agent:         First American Title Company
                                            3960 Howard Hughes Parkway
                                            Suite 380
                                            Las Vegas, NV 89109
                                            Phone: 702.732.3278
                                            Fax: 866.241.9402
                                            Attention: Julie Sandefur

      5. MISCELLANEOUS. This Escrow Agreement and all of the provisions hereof
shall be binding upon and shall inure to the benefit of the parties hereto and
their respective legal representatives, successors and assigns. This Agreement
may only be modified or supplemented by an instrument in writing executed by
duly authorized representatives of all parties hereto. This Amendment may be
executed in any number of counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument. This Amendment may be executed and delivered by facsimile signature.
In the event of any conflict or inconsistency between the terms of this Escrow
Agreement and the terms of the PSA, the terms of this Escrow Agreement shall
govern and control.

      6. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE
STATE OF NEVADA, AND VENUE SHALL LIE EXCLUSIVELY IN CLARK COUNTY, NEVADA.

         {THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK.
                   SIGNATURES APPEAR ON THE FOLLOWING PAGE.}

                                       3
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
duly executed the day and year first above written.

      SELLER:                            NNN OAKEY BUILDING 2003, LLC
                                         a Delaware limited liability company

                                         By:_______________________________
                                         Name:_____________________________
                                         Title:____________________________

      PURCHASER:                         TRANS-AERO LAND AND DEVELOPMENT CORP.

                                         By:_______________________________
                                         Name:_____________________________
                                         Title:____________________________

      ESCROW AGENT:                      FIRST AMERICAN TITLE COMPANY

                                         By:_______________________________
                                         Name:_____________________________
                                         Title:____________________________

                                       4
<PAGE>

                                   EXHIBIT A
                              WIRING INSTRUCTIONS

                                       5
<PAGE>

                                    EXHIBIT B
                     RENT SCHEDULE PURSUANT TO TENANTS LEASE

                                       6
<PAGE>

                          TENANT ESTOPPEL CERTIFICATE

To:   LaSalle Bank National Association
      135 South La Salle Street, Suite 1225
      Chicago, Illinois 60603
      Attention: Commercial Real Estate Division___

Re:   Lease Dated: April 25, 2005                            (the "Lease")
      Tenant:      Las Vegas Metropolitan Police Department  (the "Tenant")
      Landlord:    NNN Oakey Building 2003, LLC,             (the "Landlord")
                   a Delaware limited liability company
      Common Address of Building:
      4750 West Oakey Boulevard, Las Vegas, Nevada           (the "Building")
      Leased Premises within the Building: 98,160 square feet(the "Premises")

      The Tenant acknowledges that (a) LaSalle Bank National Association, a
national banking association (the "Lender") has agreed, subject to the
satisfaction of certain terms and conditions, to make a loan (the "Loan") to NNN
OAKEY BUILDING 2003, LLC, A DELAWARE LIMITED LIABILITY COMPANY (the "Landlord"),
secured by a mortgage lien on the Landlord's interest in the Building and the
land on which the Building is located, and (b) the Lender is requiring this
Certificate as a condition to its making the Loan. Accordingly, the Tenant
hereby certifies and confirms to the Lender and acknowledges and agrees as
follows:

      1. Pursuant to Exhibit "B-l" of the Lease, the Tenant anticipates being in
partial possession of the Premises demised under the Lease on or about August 1,
2005, such possession to be delivered by the Landlord pursuant to the Lease and
accepted by the Tenant.

      2. The Tenant anticipates that the improvements to the Premises that the
Landlord is required to furnish under the Lease will be completed in all
respects to the satisfaction of the Tenant, and the Premises will be open for
the use of the Tenant, its customers, employees and invitees. All contributions
required to be paid by the Landlord to the Tenant in connection with
improvements to the Premises have been paid in full.

      3. To date, all duties or obligations of the Landlord required under the
Lease which were an inducement to the Tenant to enter into the Lease have been
fully performed.

      4. The Lease is in full force and effect. No default exists on the part of
the Landlord or the Tenant under the Lease, nor does any circumstance currently
exist that, but for the giving of notice or the passage of time, or both, would
be such a default. The Lease constitutes the entire rental agreement between the
Landlord and the Tenant with respect to the Premises and has not been amended,
modified or supplemented, except as attached hereto, and has not been
superceded. There are no oral agreements between the Landlord and the Tenant
with respect to the Premises. A true and correct copy of the Lease (including
all amendments thereto) is

<PAGE>

attached to this Certificate as Exhibit "A", and the Tenant agrees not to amend
or modify the Lease without the prior written consent of the Lender.

      5. No rents under the Lease have been prepaid. The Tenant agrees that it
shall not prepay any rents under the Lease more than one month from the date
when such rents are due. The Tenant does not now have or hold any claim or
defense against the Landlord which might be set off or credited against future
accruing rents or which might otherwise excuse the Tenant's performance under
the Lease.

      6. The Tenant has received no notice of a prior sale, transfer,
assignment, hypothecation or pledge of the Lease or of the rents secured
therein.

      7. The Tenant does not have any outstanding options or rights of first
refusal to purchase the Premises, or any part thereof, or to purchase or lease
any other part of the Building, except (state none, if applicable): those spaces
identified in Exhibit "B-2" of the Lease.

      8. No actions, whether voluntary or involuntary, are pending against the
Tenant or any guarantor of the Lease under any bankruptcy, insolvency or similar
laws of the United States or any state thereof.

      9. The term of the Lease is estimated to commence on August 1, 2005 and
end on July 31, 2011, subject to options to renew, if any, and Sections 2.4 and
2.5 set forth in the Lease.

      10. Beginning on the Lease Commencement Date, as that term is defined in
the Lease, the monthly base rental payable by Tenant under the Lease will be
$787.64. Percentage Rent is not payable, as provided in the Lease. The estimated
monthly payments made by the Tenant under the Lease in respect of common area
maintenance costs and real estate taxes will be $ TBD and $ TBD , respectively.

      11. The security deposit under the Lease is currently N/A.

      12. So long as the Loan is outstanding, the Tenant shall pay any
termination fees payable for the early termination of the Lease to the Landlord
and the Lender jointly.

      IN WITNESS WHEREOF, the Tenant has executed this Tenant Estoppel
Certificate as of July_____, 2005.

                                 LAS VEGAS METROPOLITAN POLICE DEPARTMENT

                                 By:  /s/ Bill Young
                                      ------------------------------------
                                 Name:  Bill Young
                                 Title: Sheriff

                                       2
<PAGE>

                                   EXHIBIT "A"

                                  COPY OF LEASE

                           [TO BE ATTACHED BY TENANT]

                                       3
<PAGE>

This document was prepared by,
and after recording, return to:

Julie Mandanas
Jenner & Block LLP
One IBM Plaza
Chicago, Illinois 60611

Permanent Tax Index Number[s]:

______________________          This space reserved for Recorders use only.

Property Address:

4750 WEST OAKEY BOULEVARD, LAS VEGAS, NEVADA

             SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT

      This SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT dated as of
April 25, 2005 (the "Agreement"), is executed by and among NNN Oakey Building
2003, LLC, a Delaware limited liability company (the "Landlord"), Las Vegas
Metropolitain Police Department, a metropolitan police department formed
pursuant to the laws of Chapter 280 of the Nevada Revised Statutes (the
"Tenant"), and LASALLE BANK NATIONAL ASSOCIATION, a national banking association
(the "Lender").

                                    RECITALS:

      A. The Lender is the mortgagee under that certain Mortgage, Security
Agreement, Assignment of Leases and Rents and Fixture Filing dated_________,
200____________, to be recorded concurrently herewith (the "Mortgage"), which
Mortgage encumbers the Real Estate (as hereinafter defined) and secures a
principal indebtedness in the amount of____________and 00/100 Dollars
($__________).

      B. The Tenant has entered into that certain lease agreement (such lease
agreement hereinafter being referred to as the "Lease Agreement", and the Lease
Agreement, together with all amendments and modifications thereof, hereinafter
being referred to as the "Lease") dated APRIL 25, 2005 with the Landlord (or the
Landlord's predecessor-in-interest), pursuant to which the Tenant has leased
certain premises (the "Leased Premises") [CONSISTING OF APPROXIMATELY 98,160
RENTABLE SQUARE FEET OF SPACE IN THE BUILDING ("BUILDING")] on the parcel of
land (the "Land"; the Land and Building being collectively referred to herein as
the "Real Estate") legally described on Exhibit "A" attached hereto and made a
part hereof.

<PAGE>

      NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby covenant and
agree as follows:

                                   AGREEMENTS:

      1. The Tenant represents and warrants to the Lender that the Lease
constitutes the entire agreement between the Tenant and the Landlord with
respect to the Leased Premises and there are no other agreements, written or
verbal, governing the tenancy of the Tenant with respect to the Leased Premises.

      2. The Tenant has executed and delivered to the Lender that certain Tenant
Estoppel Certificate dated on or about the date hereof (the "Estoppel
Certificate"). The provisions of the Estoppel Certificate are hereby
incorporated into this Agreement as if fully set forth in this Agreement in
their entirety.

      3. The Tenant covenants with the Lender that the Lease shall be subject
and subordinate to the lien and all other provisions of the Mortgage and to all
modifications and extensions thereof, to the full extent of all principal,
interest and all other amounts now or hereafter secured thereby and with the
same force and effect as if the Mortgage had been executed and delivered prior
to the execution and delivery of the Lease. Without limiting the generality of
the foregoing subordination provision, the Tenant hereby agrees that any of its
right, title and interest in and to insurance proceeds and condemnation awards
(or other similar awards arising from eminent domain proceedings) with respect
to damage to or the condemnation (or similar taking) of any of the Real Estate,
shall be subject and subordinate to the Lender's right, title and interest in
and to such proceeds and awards.

      4. The Tenant acknowledges that the Landlord has collaterally assigned to
the Lender any and all leases affecting the Real Estate, including the Lease,
and the rents and other amounts, including, without limitation, lease
termination fees, if any, due and payable under such leases. In connection
therewith, the Tenant agrees that, upon receipt of a notice of a default by the
Landlord under such assignment and a demand by the Lender for direct payment to
the Lender of the rents due under the Lease, the Tenant will honor such demand
and make all subsequent rent payments directly to the Lender. The Tenant further
agrees that any Lease termination fees payable under the Lease shall be paid
jointly to the Landlord and the Lender.

      5. The Lender agrees that so long as the Tenant is not in default under
the Lease:

            (a) The Tenant shall not be named or joined as a party in any suit,
      action or proceeding for the foreclosure of the Mortgage or the
      enforcement of any rights under the Mortgage (unless the Tenant is a
      necessary party under applicable law); and

                                       2
<PAGE>

            (b) The possession by the Tenant of the Leased Premises and the
      Tenant's rights thereto shall not be disturbed, affected or impaired by,
      nor will the Lease or the term thereof be terminated or otherwise
      materially adversely affected by (i) any suit, action or proceeding for
      the foreclosure of the Mortgage or the enforcement of any rights under the
      Mortgage, or by any judicial sale or execution or other sale of the Leased
      Premises, or any deed given in lieu of foreclosure, or (ii) any default
      under the Mortgage.

      6. Prior to pursuing any remedy available to the Tenant under the Lease,
at law or in equity as a result of any failure of the Landlord to perform or
observe any covenant, condition, provision or obligation to be performed or
observed by the Landlord under the Lease (any such failure being hereinafter
referred to as a "Landlord's Default"), the Tenant shall: (a) provide the Lender
with a notice of the Landlord's Default, specifying the nature thereof, the
section of the Lease under which such Landlord's Default arose, and the remedy
which the Tenant will elect under the terms of the Lease or otherwise, and (b)
allow the Lender not less than thirty (30) days following receipt of notice of
the Landlord's Default to cure the same; provided, however, that, if such
Landlord's Default is not readily curable within such thirty (30) day period,
the Tenant shall give the Lender such additional time as the Lender may
reasonably need to obtain possession and control of the Real Estate and to cure
such Landlord's Default so long as the Lender is diligently pursuing a cure. The
Tenant shall not pursue any remedy available to it as a result of any Landlord's
Default unless the Lender fails to cure same within the time period specified
above. For purposes of this Section 6, a Landlord's Default shall not be deemed
to have occurred until all grace and/or cure periods applicable thereto under
the Lease have lapsed without the Landlord having effectuated a cure thereof.

      7. If the Lender or any future holder of the Mortgage shall become the
owner of the Real Estate by reason of foreclosure of the Mortgage or otherwise,
or if the Real Estate shall be sold as a result of any action or proceeding to
foreclose the Mortgage or transfer of ownership by deed given in lieu of
foreclosure, the Lease shall continue in full force and effect, without
necessity for executing any new lease, as a direct lease between the Tenant and
the new owner of the Real Estate as "landlord" upon all the same terms,
covenants and provisions contained in the Lease (subject to the exclusions set
forth in subsection (b) below), and in such event:

            (a) The Tenant shall be bound to such new owner under all of the
      terms, covenants and provisions of the Lease for the remainder of the term
      thereof (including the extension periods, if the Tenant elects or has
      elected to exercise its options to extend the term), and the Tenant hereby
      agrees to attorn to such new owner and to recognize such new owner as
      "landlord" under the Lease without any additional documentation to effect
      such attornment (provided, however, if applicable law shall require
      additional documentation at the time the Lender exercises its remedies
      then the Tenant shall execute such additional documents evidencing such
      attornment as may be required by applicable law);

                                       3
<PAGE>

            (b) Such new owner shall be bound to the Tenant under all of the
      terms, covenants and provisions of the Lease for the remainder of the term
      thereof (including the extension periods, if the Tenant elects or has
      elected to exercise its options to extend the term); provided, however,
      that such new owner shall not be;

                  (i) liable for any act or omission of any prior landlord
            (including the Landlord);

                  (ii) subject to any offsets or defenses which the Tenant has
            against any prior landlord (including the Landlord) unless the
            Tenant shall have provided the Lender with (A) notice of the
            Landlord's Default that gave rise to such offset or defense, and (B)
            the opportunity to cure the same, all in accordance with the terms
            of Section 6 above;

                  (iii) bound by any base rent, percentage rent, additional rent
            or any other amounts payable under the Lease which the Tenant might
            have paid in advance for more than the current month to any prior
            landlord (including the Landlord);

                  (iv) liable to refund or otherwise account to the Tenant for
            any security deposit not actually paid over to such new owner by the
            Landlord;

                  (v) bound by any amendment or modification of the Lease made
            without the Lender's consent;

                  (vi) bound by, or liable for any breach of, any representation
            or warranty or indemnity agreement contained in the Lease or
            otherwise made by any prior landlord (including the Landlord); or

                  (vii) personally liable or obligated to perform any such term,
            covenant or provision, such new owner's liability being limited in
            all cases to its interest in the Real Estate.

      8. Any notices, communications and waivers under this Agreement shall be
in writing and shall be (i) delivered in person, (ii) mailed, postage prepaid,
either by registered or certified mail, return receipt requested, or (iii) by
overnight express carrier, addressed in each case as follows:

      To the Lender        LaSalle Bank National Association
                           135 South LaSalle Street, Suite 1225
                           Chicago, Illinois 60603
                           Attention: Commercial Real Estate Division ____

                                 4
<PAGE>

      With a copy to:      Jenner & Block LLP
                           One IBM Plaza
                           Chicago, Illinois 60611
                           Attention: Donald I. Resnick, Esq.

      To the Landlord:     NNN Oakey Building 2003, LLC
                           1551 N. Tustin Avenue, Suite 200
                           Santa Ana, CA 92705
                           Attention: Notices Department

      With a copy to:      The Rosenfeld Law Group
                           6725 Via Austi Parkway, Suite 200
                           Las Vegas, NV 89119
                           Attention: Efrem A, Rosenfeld, Esq.

      With a copy to:      Triple Net Properties
                           7201 W. Lake Mead Blvd., Ste 104
                           Las Vegas, NV 89128
                           Attention:

      To the Tenant:       Director, General Services Bureau
                           Las Vegas Metropolitain Police Department
                           3141 East Sunrise Avenue
                           Las Vegas, NV 89101
                           Attention: John Krueger

      With a copy to:      Marquis & Aurbach
                           10001 Park Run Drive
                           Las Vegas, NV 89145
                           Attention: Albert G. Marquis

or to any other address as to any of the parties hereto, as such party shall
designate in a written notice to the other party hereto. All notices sent
pursuant to the terms of this section shall be deemed received (i) if personally
delivered, then on the date of delivery, (ii) if sent by overnight, express
carrier, then on the next federal banking day immediately following the day
sent, or (iii) if sent by registered or certified mail, then on the earlier of
the third federal banking day following the day sent or when actually received.

      9. This Agreement shall be binding upon and shall inure to the benefit of
the parties hereto, their respective successors and assigns and any nominees of
the Lender, all of whom are entitled to rely upon the provisions hereof. This
Agreement shall be exclusively governed by the laws of the State of Nevada.

                                       5
<PAGE>

      10. This Agreement may be executed in multiple counterparts and all of
such counterparts together shall constitute one and the same Agreement.

      IN WITNESS WHEREOF, the parties hereto have executed this Subordination,
Non-Disturbance and Attornment Agreement the day and year first above written.

                            LANDLORD:

                            NNN OAKEY BUILDING 2003, LLC,
                            a Delaware limited liability company

                            By: ___________________________________
                            Name:__________________________________
                            Title:_________________________________

                            TENANT:

                            LAS VEGAS METROPOLITAN
                            POLICE DEPARTMENT, a metropolitan police
                            department formed pursuant to Chapter 280 of the
                            Nevada Revised Statutes

                            By: /s/ Bill Young
                                --------------------------------
                            Name: Bill Young
                            Title: Sheriff

                            LENDER:

                            LASALLE BANK NATIONAL ASSOCIATION,
                            a national banking association

                            By:_____________________________________
                            Name:___________________________________
                            Title:__________________________________

                                       6
<PAGE>

STATE OF ILLINOIS       )
                        ) SS.
COUNTY OF COOK          )

      The undersigned, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that ______________________________________, the
_________________________ of LASALLE BANK NATIONAL ASSOCIATION, a national
banking association, as trustee as aforesaid, who is personally known to me to
be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person and acknowledged that as
such ____________________________, he/she signed and delivered the said
instrument as his/her own free and voluntary act and as the free and voluntary
act of said banking association, as trustee as aforesaid, for the uses and
purposes therein set forth.

      GIVEN under my hand and notarial seal this ______ day of _______,
200__.

                              ____________________
                                  Notary Public
                             My Commission Expires:
                              ____________________

STATE OF NEVADA         )
                        ) SS.
COUNTY OF CLARK         )

      The undersigned, a Notary Public in and for the said County, in the State
aforesaid, DO HEREBY CERTIFY that ______________________________________, the
_________________________, of Las Vegas Metropolitan Police Department, a
metropolitan police department formed pursuant to NRS Chapter 280, who is
personally known to me to be the same person whose name is subscribed to the
foregoing instrument as such ____________________________, appeared before me
this day in person and acknowledged that he/she signed and delivered the said
instrument as his/her own free and voluntary act and as the free and voluntary
act of said police department, for the uses and purposes therein set forth.

      GIVEN under my hand and notarial seal this 20 day of July, 2005.

                                  /s/ David Logue
                                  ---------------
      [SEAL]                      Notary Public
                             My Commission Expires:

                                       7
<PAGE>

                              ____________________

STATE OF ILLINOIS       )
                        ) SS.
COUNTY OF _________     )

      The undersigned, a Notary Public in and for the said County, in the State
aforesaid, DO HEREBY CERTIFY that ______________________________________, the
_________________________, of _________________________, a[n] ________________
[CORPORATION / LIMITED PARTNERSHIP / LIMITED LIABILITY COMPANY], who is
personally known to me to be the same person whose name is subscribed to the
foregoing instrument as such _________________________, appeared before me this
day in person and acknowledged that he/she signed and delivered the said
instrument as his/her own free and voluntary act and as the free and voluntary
act of said [CORPORATION / LIMITED PARTNERSHIP / LIMITED LIABILITY COMPANY], for
the uses and purposes therein set forth.

      GIVEN under my hand and notarial seal this ______ day of ______, 20____.

                              ____________________

                                  Notary Public
                             My Commission Expires:
                              ____________________

STATE OF ILLINOIS      )
                       ) SS.
COUNTY OF COOK         )

      The undersigned, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that ______________________________________, the
_________________________ of LASALLE BANK NATIONAL ASSOCIATION, a national
banking association, who is personally known to me to be the same person whose
name is subscribed to the foregoing instrument, appeared before me this day in
person and acknowledged that as such _________________________, he/she signed
and delivered the said instrument as his/her own free and voluntary act and as
the free and voluntary act of said banking association, for the uses and
purposes therein set forth.

      GIVEN under my hand and notarial seal this ______ day of ______, 200____.

                              ____________________
                                 Notary Public

                                       8
<PAGE>

                             My Commission Expires:

                             ______________________________________

                                       9
<PAGE>

                                  EXHIBIT "A"

                        LEGAL DESCRIPTION OF REAL ESTATE

LOT ____ IN _________ SUBDIVISION, A SUBDIVISION OF A PART OF THE NORTHEAST
QUARTER OF SECTION ______, TOWNSHIP ______ NORTH, RANGE _____ EAST OF THE THIRD
PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED AS DOCUMENT NO.
___________ IN _______________ COUNTY, ILLINOIS; IN BOOK _____ OF PLATS, PAGE
_____.

PROPERTY ADDRESS OF REAL ESTATE:

    _______________________
    _______________________

PERMANENT TAX IDENTIFICATION NUMBER:

    _______________________

                                       10exv10w1

 

EXHIBIT 10.1

Skyworks Solutions, Inc.

Restricted Stock Agreement

Granted Under 2005 Long-Term Incentive Plan

     AGREEMENT made this                      day of                                         , 2005 (the “Grant Date”), between Skyworks
Solutions, Inc. a Delaware corporation (the “Company”), and                                                              (the
“Participant”).

     For good and valuable consideration, receipt of which is acknowledged, the parties hereto
agree as follows:

     1. Issuance of Shares.

     The Company shall issue to the Participant, subject to the terms and conditions set forth in
this Agreement and in the Company’s 2005 Long-Term Incentive Plan (the “Plan”),                      shares (the “Shares”) of common stock, $0.25 par value, of the Company (“Common Stock”). The Shares shall be
divided into two tranches, the “First Tranche” and the
“Second Tranche”, each having the same number
of Shares. The Company shall issue to the Participant one or more certificates in the name of the
Participant for that number of Shares to be issued to the Participant hereunder, or, alternatively,
the Shares may be held in book entry by the Company’s transfer agent in the name of the Employee
for that number of Shares issued to the Employee. The Participant agrees that the Shares shall be
subject to forfeiture pursuant to Section 2 of this Agreement and the restrictions on transfer set
forth in Section 4 of this Agreement.

     2. Forfeiture Option.

          (a) In the event that the Participant ceases to be employed by the Company for any reason or
no reason, with or without cause, prior to the fourth anniversary of the Grant Date, the Company
shall have the right and option (the “Forfeiture Option”) to demand that the Participant forfeit
some or all of the Unvested Shares (as defined below).

     “Unvested Shares” means with respect to a tranche of Shares, the total number of Shares in
such tranche multiplied by the Applicable Percentage for such tranche at the time the Forfeiture
Option becomes exercisable by the Company. The “Applicable Percentage” for the First Tranche shall
be (i) 100% during the 36-month period ending on the day preceding the third anniversary of the
Grant Date and (ii) zero on and after the third anniversary of the Grant Date. The “Applicable
Percentage” for the Second Tranche shall be (i) 100% during the 48-month period ending on the day
preceding the fourth anniversary of the Grant Date and (ii) zero on and after the fourth
anniversary of the Grant Date.

          (b) In the event that the Participant’s employment with the Company is terminated by reason of
death or disability, the number of the Shares for which the Forfeiture Option becomes exercisable
shall be zero percent (0%) of the number of Unvested Shares for which the Forfeiture Option would
otherwise become exercisable. For this purpose, “disability”

 

 

shall mean the permanent disability of the Participant as defined in Section 22(e)(3) of the
Internal Revenue Code of 1986.

          (c) For purposes of this Agreement, the Participant’s employment with the Company shall not be
considered to have terminated if he or she remains employed by a parent or subsidiary of the
Company.

          (d) In the event that the percentage change of the price per share of the Company’s Common
Stock for a Measurement Period ranks in the 60th percentile or above of the percentage
changes of the price per share of the common stock of the entities in the Peer Group listed on
Exhibit C, then the Applicable Percentage of the First Tranche shall become zero as of the last day
of such Measurement Period. If the Applicable Percentage of the First Tranche has become zero
through the passage of time or a previous application of the provisions of this subsection (d),
then the Applicable Percentage of the Second Tranche shall become zero as of the last day of such
Measurement Period.

A “Measurement Period” is a period of one year beginning on the Grant Date or an anniversary
thereof and ending on the anniversary of the Grant Date that is one year later. The percentage
change in the stock of the Company or one of the members of the Peer Group shall be determined by
comparing the Average Price as of the last day of the Measurement Period to the Average Price as of
the first day of the Measurement Period. The Average Price of an entity as of any date shall be
the average closing price for the stock of the entity on the Trading Days during the 30-day period
ending on such date. A Trading Day is any day on which the Nasdaq National Market is open for
trading.

If a member of the Peer Group ceases to be publicly traded during a Measurement Period it shall be
disregarded for such Measurement Period and for each subsequent Measurement Period. If the
Compensation Committee of the Company’s Board of Directors (the “Committee”) determines that a
member of the Peer Group has ceased to be a significant competitor of the Company, such entity
shall be removed from the Peer Group. If two or more members of the Peer Group combine in any
manner and the resulting entity is a significant competitor of the Company, the resulting entity
shall become a member of the Peer Group, provided that the percentage change for such resulting
entity for the Measurement Period within which such combination occurs may be adjusted by the
Committee in extraordinary circumstances, as the Committee deems appropriate in its sole
discretion, to take such combination into account. The Committee may add an entity to the Peer
Group if it determines in its sole discretion that such entity has become a significant competitor
of the Company. All determinations with respect to the operation, application, and interpretation
of this Subsection (d) shall be made by the Compensation Committee in its sole discretion and shall
be final and binding on all persons.

     3. Exercise of Forfeiture Option and Closing.

          (a) The Company may exercise the Forfeiture Option by delivering or mailing to the Participant
(or his estate), within 90 days after the termination of the employment of the Participant with the
Company, a written notice of exercise of the Forfeiture Option. Such notice shall specify the
number of Shares to be forfeited. If and to the extent the Forfeiture Option is

- 2 -

 

not so exercised by the giving of such a notice within such 90-day period, the Forfeiture
Option shall automatically expire and terminate effective upon the expiration of such 90-day
period.

          (b) Within 10 days after delivery to the Participant of the Company’s notice of the exercise
of the Forfeiture Option pursuant to subsection (a) above, the Participant (or his estate) shall,
pursuant to the provisions of the Joint Escrow Instructions referred to in Section 5 below, tender
to the Company at its principal offices the certificate or certificates representing the Shares
which the Company has demanded forfeiture of in accordance with the terms of this Agreement, duly
endorsed in blank or with duly endorsed stock powers attached thereto, all in form suitable for the
transfer of such Shares to the Company.

          (c) After the time at which any Shares are required to be delivered to the Company for
transfer to the Company pursuant to subsection (b) above, the Company shall not pay any dividend to
the Participant on account of such Shares or permit the Participant to exercise any of the
privileges or rights of a stockholder with respect to such Shares, but shall, in so far as
permitted by law, treat the Company as the owner of such Shares.

          (d) The Company shall not demand forfeiture of any fraction of a Share upon exercise of the
Forfeiture Option, and any fraction of a Share resulting from a computation made pursuant to
Section 2 of this Agreement shall be rounded to the nearest whole Share (with any one-half Share
being rounded upward).

          (e) The Company may assign its Forfeiture Option to one or more persons or entities.

     4. Restrictions on Transfer.

     The Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of,
by operation of law or otherwise (collectively “transfer”) any Shares, or any interest therein,
that are subject to the Forfeiture Option, except that the Participant may transfer such Shares (i)
to or for the benefit of any spouse, children, parents, uncles, aunts, siblings, grandchildren and
any other relatives approved in writing by the Board of Directors (collectively, “Approved
Relatives”) or to a trust established solely for the benefit of the Participant and/or Approved
Relatives, provided that such Shares shall remain subject to this Agreement (including
without limitation the restrictions on transfer set forth in this Section 4 and the Forfeiture
Option set forth in Section 2) and such permitted transferee shall, as a condition to such
transfer, deliver to the Company a written instrument confirming that such transferee shall be
bound by all of the terms and conditions of this Agreement or (ii) as part of the sale of all or
substantially all of the shares of capital stock of the Company (including pursuant to a merger or
consolidation), provided that, in accordance with the Plan, the securities or other
property received by the Participant in connection with such transaction shall remain subject to
this Agreement..

     5. Escrow.

     The Participant shall, upon the execution of this Agreement, execute Joint Escrow Instructions
in the form attached to this Agreement as Exhibit A. The Joint Escrow Instructions shall
be delivered to the General Counsel of the Company, as escrow agent thereunder. The Participant
shall deliver to such escrow agent a stock assignment duly endorsed in blank, in the

- 3 -

 

form attached to this Agreement as Exhibit B, and hereby instructs the Company to
deliver to such escrow agent, on behalf of the Participant, the certificate(s) evidencing the
Shares issued hereunder. Such materials shall be held by such escrow agent pursuant to the terms
of such Joint Escrow Instructions.

     6. Restrictive Legends.

     All certificates representing Shares shall have affixed thereto legends in substantially the
following form, in addition to any other legends that may be required under federal or state
securities laws:

	 	 	 	 
	 	“The shares of stock represented by this certificate are subject to
restrictions on transfer and a forfeiture option set forth in a
certain Restricted Stock Agreement between the corporation and the
registered owner of these shares (or his predecessor in interest),
and such Agreement is available for inspection without charge at the
office of the Secretary of the corporation.”	 	 

     7. Provisions of the Plan.

          (a) This Agreement is subject to the provisions of the Plan, a copy of which is furnished to
the Participant with this Agreement.

          (b) As provided in the Plan, upon the occurrence of a Reorganization Event (as defined in the
Plan), the rights of the Company hereunder (including the right to exercise the Forfeiture Option)
shall inure to the benefit of the Company’s successor and shall apply to the cash, securities or
other property which the Shares were converted into or exchanged for pursuant to such
Reorganization Event in the same manner and to the same extent as they applied to the Shares under
this Agreement. If, in connection with a Reorganization Event, a portion of the cash, securities
and/or other property received upon the conversion or exchange of the Shares is to be placed into
escrow to secure indemnification or similar obligations, the mix between the vested and unvested
portion of such cash, securities and/or other property that is placed into escrow shall be the same
as the mix between the vested and unvested portion of such cash, securities and/or other property
that is not subject to escrow.

     8. Withholding Taxes; Section 83(b) Election.

          (a) The Participant acknowledges and agrees that the Company has the right to deduct from
payments of any kind otherwise due to the Participant any federal, state or local taxes of any kind
required by law to be withheld with respect to the issuance of the Shares to the Participant or the
lapse of the Forfeiture Option.

          (b) The Participant has reviewed with the Participant’s own tax advisors the federal, state,
local and foreign tax consequences of this investment and the transactions contemplated by this
Agreement. The Participant is relying solely on such advisors and not on any statements or
representations of the Company or any of its agents. The Participant understands that the
Participant (and not the Company) shall be responsible for the Participant’s own tax liability that
may arise as a result of this investment or the transactions contemplated by

- 4 -

 

this Agreement. The Participant understands that it may be beneficial in many circumstances
to elect to be taxed at the time the Shares are issued rather than when and as the Company’s
Forfeiture Option expires by filing an election under Section 83(b) of the Internal Revenue Code of
1986 with the Internal Revenue Service within 30 days from the date of issuance.

          THE PARTICIPANT ACKNOWLEDGES THAT IT IS THE PARTICIPANT’S SOLE RESPONSIBILITY AND NOT THE
COMPANY’S TO FILE TIMELY THE ELECTION UNDER SECTION 83(b), EVEN IF THE PARTICIPANT REQUESTS THE
COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE PARTICIPANT’S BEHALF.

     9. Miscellaneous.

          (a) No Rights to Employment. The Participant acknowledges and agrees that the vesting
of the Shares pursuant to Section 2 hereof is earned only by continuing service as an employee at
the will of the Company (not through the act of being hired accepting shares issued hereunder).
The Participant further acknowledges and agrees that the transactions contemplated hereunder and
the vesting schedule set forth herein do not constitute an express or implied promise of continued
engagement as an employee or consultant for the vesting period, for any period, or at all.

          (b) Severability. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement,
and each other provision of this Agreement shall be severable and enforceable to the extent
permitted by law.

          (c) Waiver. Any provision for the benefit of the Company contained in this Agreement
may be waived, either generally or in any particular instance, by the Board of Directors of the
Company.

          (d) Binding Effect. This Agreement shall be binding upon and inure to the benefit of
the Company and the Participant and their respective heirs, executors, administrators, legal
representatives, successors and assigns, subject to the restrictions on transfer set forth in
Section 4 of this Agreement.

          (e) Notice. All notices required or permitted hereunder shall be in writing and
deemed effectively given upon personal delivery or five days after deposit in the United States
Post Office, by registered or certified mail, postage prepaid, addressed to the other party hereto
at the address shown beneath his or its respective signature to this Agreement, or at such other
address or addresses as either party shall designate to the other in accordance with this Section
9.

          (f) Pronouns. Whenever the context may require, any pronouns used in this Agreement
shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns
and pronouns shall include the plural, and vice versa.

- 5 -

 

          (g) Entire Agreement. This Agreement and the Plan constitute the entire agreement
between the parties, and supersedes all prior agreements and understandings, relating to the
subject matter of this Agreement.

          (h) Amendment. This Agreement may be amended or modified only by a written instrument
executed by both the Company and the Participant.

          (i) Governing Law. This Agreement shall be construed, interpreted and enforced in
accordance with the internal laws of the State of Delaware without regard to any applicable
conflicts of laws.

          (j) Participant’s Acknowledgments. The Participant acknowledges that he or she: (i)
has read this Agreement; (ii) has been represented in the preparation, negotiation, and execution
of this Agreement by legal counsel of the Participant’s own choice or has voluntarily declined to
seek such counsel; (iii) understands the terms and consequences of this Agreement; (iv) is fully
aware of the legal and binding effect of this Agreement; and (v) understands that the law firm of
Wilmer Cutler Pickering Hale and Dorr LLP is acting as counsel to the Company in connection with
the transactions contemplated by the Agreement, and is not acting as counsel for the Participant.

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

	 	 	 
	 

	 	Skyworks Solutions, Inc.

	 	 	 	 	 
	 

	 	By:
	 	 
	 

	 	 	 	 
	 	 	Title: President & Chief Executive Officer

	 	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 	 	[Name of Participant]
	 
	 
	 	Address:	 	 
	 
	 		 	 
	 	 	 
	 
	 		 	 

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Exhibit A

Skyworks Solutions, Inc.

Joint Escrow Instructions

DATE                     ,

VP and General Counsel

Skyworks Solutions, Inc.

20 Sylvan Road

Woburn, MA 01801

Dear Sir:

     As Escrow Agent for Skyworks Solutions, Inc., a Delaware corporation, and its successors in
interest under the Restricted Stock Agreement (the “Agreement”) of even date herewith, to which a
copy of these Joint Escrow Instructions is attached (the “Company”), and the undersigned person
(“Holder”), you are hereby authorized and directed to hold the documents delivered to you pursuant
to the terms of the Agreement in accordance with the following instructions:

     1. Appointment. Holder irrevocably authorizes the Company to deposit with you any
certificates evidencing Shares (as defined in the Agreement) to be held by you hereunder and any
additions and substitutions to said Shares. For purposes of these Joint Escrow Instructions,
“Shares” shall be deemed to include any additional or substitute property. Holder does hereby
irrevocably constitute and appoint you as his attorney-in-fact and agent for the term of this
escrow to execute with respect to such Shares all documents necessary or appropriate to make such
Shares negotiable and to complete any transaction herein contemplated. Subject to the provisions
of this Section 1 and the terms of the Agreement, Holder shall exercise all rights and privileges
of a stockholder of the Company while the Shares are held by you.

     2. Closing of Forfeiture.

          (a) Upon any exercise of the Forfeiture Option by the Company pursuant to the Agreement, the
Company shall give to Holder and you a written notice specifying the number of Shares to be
tendered, as determined pursuant to the Agreement, and the time for a closing hereunder (the
“Closing”) at the principal office of the Company. Holder and the Company hereby irrevocably
authorize and direct you to close the transaction contemplated by such notice in accordance with
the terms of said notice.

          (b) At the Closing, you are directed (i) to date the stock assignment form or forms necessary
for the transfer of the Shares, (ii) to fill in on such form or forms the number of Shares being
transferred, and (iii) to deliver same, together with the certificate or certificates evidencing
the Shares to be transferred.

- 7 -

 

     3. Withdrawal. The Holder shall have the right to withdraw from this escrow any
Shares as to which the Forfeiture Option (as defined in the Agreement) has terminated or expired.

     4. Duties of Escrow Agent.

          (a) Your duties hereunder may be altered, amended, modified or revoked only by a writing
signed by all of the parties hereto.

          (b) You shall be obligated only for the performance of such duties as are specifically set
forth herein and may rely and shall be protected in relying or refraining from acting on any
instrument reasonably believed by you to be genuine and to have been signed or presented by the
proper party or parties. You shall not be personally liable for any act you may do or omit to do
hereunder as Escrow Agent or as attorney-in-fact of Holder while acting in good faith and in the
exercise of your own good judgment, and any act done or omitted by you pursuant to the advice of
your own attorneys shall be conclusive evidence of such good faith.

          (c) You are hereby expressly authorized to disregard any and all warnings given by any of the
parties hereto or by any other person or entity, excepting only orders or process of courts of law,
and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any
court. If you are uncertain of any actions to be taken or instructions to be followed, you may
refuse to act in the absence of an order, judgment or decrees of a court. In case you obey or
comply with any such order, judgment or decree of any court, you shall not be liable to any of the
parties hereto or to any other person or entity, by reason of such compliance, notwithstanding any
such order, judgment or decree being subsequently reversed, modified, annulled, set aside, vacated
or found to have been entered without jurisdiction.

          (d) You shall not be liable in any respect on account of the identity, authority or rights of
the parties executing or delivering or purporting to execute or deliver the Agreement or any
documents or papers deposited or called for hereunder.

          (e) You shall be entitled to employ such legal counsel and other experts as you may deem
necessary properly to advise you in connection with your obligations hereunder and may rely upon
the advice of such counsel.

          (f) Your rights and responsibilities as Escrow Agent hereunder shall terminate if (i) you
cease to be Secretary of the Company or (ii) you resign by written notice to each party. In the
event of a termination under clause (i), your successor as Secretary shall become Escrow Agent
hereunder; in the event of a termination under clause (ii), the Company shall appoint a successor
Escrow Agent hereunder.

          (g) If you reasonably require other or further instruments in connection with these Joint
Escrow Instructions or obligations in respect hereto, the necessary parties hereto shall join in
furnishing such instruments.

          (h) It is understood and agreed that if you believe a dispute has arisen with respect to the
delivery and/or ownership or right of possession of the securities held by you hereunder, you are
authorized and directed to retain in your possession without liability to

- 8 -

 

anyone all or any part of said securities until such dispute shall have been settled either by
mutual written agreement of the parties concerned or by a final order, decree or judgment of a
court of competent jurisdiction after the time for appeal has expired and no appeal has been
perfected, but you shall be under no duty whatsoever to institute or defend any such proceedings.

          (i) These Joint Escrow Instructions set forth your sole duties with respect to any and all
matters pertinent hereto and no implied duties or obligations shall be read into these Joint Escrow
Instructions against you.

          (j) The Company shall indemnify you and hold you harmless against any and all damages, losses,
liabilities, costs, and expenses, including attorneys’ fees and disbursements, (including without
limitation the fees of counsel retained pursuant to Section 4(e) above, for anything done or
omitted to be done by you as Escrow Agent in connection with this Agreement or the performance of
your duties hereunder, except such as shall result from your gross negligence or willful
misconduct.

     5. Notice. Any notice required or permitted hereunder shall be given in writing and
shall be deemed effectively given upon personal delivery or upon deposit in the United States Post
Office, by registered or certified mail with postage and fees prepaid, addressed to each of the
other parties thereunto entitled at the following addresses, or at such other addresses as a party
may designate by ten days’ advance written notice to each of the other parties hereto.

	 	 	 	 	 
	 

	 	COMPANY:
	 	Notices to the Company shall be sent to the address set
forth in the salutation hereto, Attn: General Counsel
	 
	 	 	 	 
	 

	 	HOLDER:
	 	Notices to Holder shall be sent to the address set forth
below Holder’s signature below.
	 
	 	 	 	 
	 

	 	ESCROW AGENT:
	 	Notices to the Escrow Agent shall be sent to the address set
forth in the salutation hereto.

     6. Miscellaneous.

          (a) By signing these Joint Escrow Instructions, you become a party hereto only for the purpose
of said Joint Escrow Instructions, and you do not become a party to the Agreement.

- 9 -

 

          (b) This instrument shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and permitted assigns.

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	Skyworks Solutions, Inc.
	 
	 	 	 	 
	 

	 	By:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Title: President and Chief Executive Officer
	 
	 	 	 	 
	 	 	HOLDER:

	 	 	 	 	 
	 	 	 
	 	 	(Signature)
	 
	 	 	 	 
	 
	 	 	 
	 	 	Print Name
	 
	 
	 	Address:	 	 
	 
	 		 	 
	 	 	 
	 
	 		 	 

	 	 	 	 	 	 	 
	 

	 	 	 	Date Signed:	 	 
	 

	 	 	 	 	 	 
	ESCROW AGENT:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

- 10 -

 

Exhibit B

(STOCK ASSIGNMENT SEPARATE FROM CERTIFICATE)

     FOR VALUE RECEIVED, I hereby sell, assign and transfer unto                                         
(                    ) shares of Common Stock, $0.25 par value per share, of                                          (the
“Corporation”) standing in my name on the books of the Corporation represented by Certificate(s)
Number                      herewith, and do hereby irrevocably constitute and appoint                                         
attorney to transfer the said stock on the books of the Corporation with full power of substitution
in the premises.

	 	 	 	 	 
	 

	 	Dated:	 	 
	 

	 	 	 	 
	 
	 
	 	 	 	 
	IN PRESENCE OF	 	 

	 
	 
	 	 	 	 
	 	 	 

     NOTICE: The signature(s) to this assignment must correspond with the name as written upon the
face of the certificate, in every particular, without alteration, enlargement, or any change
whatever and must be guaranteed by a commercial bank, trust company or member firm of the Boston,
New York or Midwest Stock Exchange.

- 11 -

 

Exhibit C

Peer Group Members

Agere Systems Inc.

Anadigics, Inc.

Analog Devices, Inc.

Broadcom Corp.

Cypress Semiconductor Corporation

Fairchild Semiconductor Corp.

Integrated Device Technology, Inc.

Intersil Corporation

Linear Technology Corporation

LSI Logic Corporation

Maxim Integrated Products, Inc.

National Semiconductor Corporation

ON Semiconductor Corp.

RF Micro Devices, Inc.

Silicon Laboratories Inc.

TriQuint Semiconductor, Inc.

Vitesse Semiconductor Corporation

- 12 -

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