Document:

Purchase and Sale Agreement

 Exhibit 10.70 
  
 PURCHASE AND SALE AGREEMENT 
  

BETWEEN AND AMONG 
  
 WELLS OPERATING PARTNERSHIP, L.P., 
 WELLS FUND XII – REIT JOINT VENTURE PARTNERSHIP, 
 WELLS FUND XIII – REIT JOINT VENTURE PARTNERSHIP,

 WELLS REIT, LLC – VA I, 
 WELLS BREA I, L.P., 
 WESTLAKE WELLS, L.P., 
 DANACQ FARMINGTON HILLS LLC, 
 DANACQ KALAMAZOO LLC, 
 WELLS – EDS DES MOINES, L.P., 
 AND 
 THE WELLS FUND XI-FUND XII-REIT JOINT VENTURE, 
  
 AS SELLERS 
  
 AND 
  
 LEXINGTON CORPORATE PROPERTIES TRUST, 
  
 AS PURCHASER 
  
 February 25, 2005 

 TABLE OF CONTENTS 
  

							
	ARTICLE 1. DEFINITIONS	  	3
		
	ARTICLE 2. PURCHASE AND SALE	  	40
	 	  	2.1.	  	Agreement to Sell and Purchase the Wells Affiliate Properties	  	40
	 	  	2.2.	  	Agreement to Sell and Purchase the Wells OP Properties	  	41
	 	  	2.3.	  	Permitted Exceptions	  	41
	 	  	2.4.	  	Earnest Money	  	41
	 	  	2.5.	  	Purchase Price	  	42
	 	  	2.6.	  	Independent Contract Consideration	  	42
	 	  	2.7.	  	Closing	  	42
		
	ARTICLE 3. PURCHASER’S INSPECTION AND REVIEW RIGHTS	  	44
	 	  	3.1.	  	Due Diligence Inspections	  	44
	 	  	3.2.	  	Deliveries to Purchaser by Sellers; Purchaser’s Access to Property Records of Sellers	  	45
	 	  	3.3.	  	Condition of the Properties	  	48
	 	  	3.4.	  	Title and Survey	  	49
	 	  	3.5.	  	Service Contracts	  	50
	 	  	3.6.	  	Confidentiality	  	50
		
	 ARTICLE 4. REPRESENTATIONS, WARRANTIES AND OTHER AGREEMENTS
	  	51
	 	  	4.1.	  	Representations and Warranties of Seller	  	51
	 	  	4.2.	  	Knowledge Defined	  	59
	 	  	4.3.	  	Covenants and Agreements of Sellers	  	59
	 	  	4.4.	  	Representations and Warranties of Purchaser	  	66
	 	  	4.5	  	Covenants and Agreements of Purchaser	  	67
		
	 ARTICLE 5. CLOSING DELIVERIES, CLOSING COSTS AND PRORATIONS
	  	68
	 	  	5.1.	  	Sellers’ Closing Deliveries	  	68
	 	  	5.2.	  	Purchaser’s Closing Deliveries	  	74
	 	  	5.3.	  	Closing Costs	  	76
	 	  	5.4.	  	Prorations and Credits	  	77
		
	 ARTICLE 6. CONDITIONS TO CLOSING
	  	80
	 	  	6.1.	  	Conditions Precedent to Purchaser’s Obligations	  	80
	 	  	6.2.	  	Conditions Precedent to Seller’s Obligations	  	84
	 	  	6.3.	  	Conditions Precedent to Purchase and Sale of Certain Properties	  	85

							
	 ARTICLE 7. CASUALTY AND CONDEMNATION
	  	85
	 	  	7.1.	  	Casualty	  	85
	 	  	7.2.	  	Condemnation	  	86
		
	 ARTICLE 8. DEFAULT AND REMEDIES
	  	87
	 	  	8.1.	  	Purchaser’s Default	  	87
	 	  	8.2.	  	Seller’s Default	  	88
		
	ARTICLE 9. ASSIGNMENT	  	88
	 	  	9.1.	  	Assignment	  	88
		
	 ARTICLE 10. BROKERAGE COMMISSIONS
	  	89
	 	  	10.1.	  	Broker	  	89
		
	 ARTICLE 11. INDEMNIFICATION
	  	90
	 	  	11.1.	  	Indemnification by Sellers	  	90
	 	  	11.2.	  	Indemnification by Purchaser	  	90
	 	  	11.3.	  	Limitations on Indemnification	  	91
	 	  	11.4.	  	Survival	  	91
	 	  	11.5.	  	Indemnification as Sole Remedy	  	91
		
	 ARTICLE 12. MISCELLANEOUS
	  	92
	 	  	12.1.	  	Notices	  	92
	 	  	12.2	  	Possession	  	93
	 	  	12.3	  	Time Periods	  	93
	 	  	12.4	  	Publicity	  	93
	 	  	12.5	  	Discharge of Obligations	  	93
	 	  	12.6	  	Severability	  	93
	 	  	12.7	  	Construction	  	94
	 	  	12.8	  	Sale Notification Letters	  	94
	 	  	12.9	  	Access to Records Following Closing	  	94
	 	  	12.10	  	Submission to Jurisdiction	  	94
	 	  	12.11	  	General Provisions	  	95
	 	  	12.12	  	Like-Kind Exchange by Sellers	  	95
	 	  	12.13	  	Attorney’s Fees	  	96
	 	  	12.14	  	Counterparts	  	96
	 	  	12.15	  	Effective Agreement	  	96

  

 ii 

 SCHEDULE OF EXHIBITS 
  

			
	 Exhibit “A-1”
	  	Description of Wells OP Lands
		
	 Exhibit “A-2”
	  	Description of Wells Affiliate Lands
		
	 Exhibit “A-3”
	  	Description of Wells OP Leasehold Interest Lands
		
	 Exhibit “B”
	  	List of Personal Property
		
	 Exhibit “B-1”
	  	List of Property Excluded from Wells OP Personal Property
		
	 Exhibit “B-2”
	  	List of Property Excluded from Wells Affiliate Personal Property
		
	 Exhibit “C”
	  	List of Existing Commission Agreements
		
	 Exhibit “D”
	  	List of Associations and Declarations of Covenants, Conditions, Easements and Restrictions
		
	 Exhibit “E”
	  	Form of Escrow Agreement
		
	 Exhibit “F”
	  	List of Existing Environmental Reports
		
	 Exhibit “G”
	  	List of Existing Surveys
		
	 Exhibit “H”
	  	Forms of Ground Lessor Estoppel Certificates
		
	 Exhibit “I”
	  	List of Leases
		
	 Exhibit “J”
	  	List of Letters of Credit
		
	 Exhibit “K-1”
	  	Title Exceptions for Wells OP Lands
		
	 Exhibit “K-2”
	  	Title Exceptions for Wells Affiliate Lands
		
	 Exhibit “K-3”
	  	Title Exceptions for Wells OP Leasehold Interest Lands
		
	 Exhibit “L”
	  	List of Service Contracts
		
	 Exhibit “M”
	  	Form of Tenant Estoppel Certificate
		
	 Exhibit “N”
	  	Allocation of Earnest Money to Properties
		
	 Exhibit “O”
	  	List of Purchase Prices for Each Property

  
 Schedule of Exhibits

 Page 1 

			
	 Exhibit “P”
	  	List of Exceptions
		
	 Exhibit “Q”
	  	List of Third Party Management Agreements
		
	 Exhibit “R”
	  	Property Tax Appeals
		
	 Exhibit “S”
	  	List of Knowledge Parties
		
	 Exhibit “T”
	  	Form of Lease Guarantor Estoppel Certificate
		
	 Exhibit “U”
	  	Obligations as to Certain Leasing Commission Obligations
		
	 Exhibit “V”
	  	List of Additional Matters for Confirmation in Estoppel Certificates
		
	 Exhibit “W”
	  	Excluded Computer Software
		
	 Exhibit “X”
	  	List of Security Deposits
		
	 Exhibit “Y”
	  	Form of Highwoods Estoppel Certificate
		
	 Exhibit “Z”
	  	Form of Pending Kerr McGee Sewer Easement
		
	 Exhibit “AA”
	  	Form of Pending Capital One Lake Easement Deed
		
	 Exhibit “BB”
	  	Intentionally Deleted
		
	 Exhibit “CC”
	  	Form of Second Amendment to Gartner Office Lease
		
	 Exhibit “DD”
	  	Form of Letter Amendment to ISS Building III Lease
		
	 Exhibit “EE”
	  	Alstom Power Property / French Drain Work
		
	 Exhibit “FF”
	  	Gartner Parking Plans

  
 Schedule of Exhibits

 Page 2 

 SCHEDULE OF CLOSING DOCUMENTS 
  

			
	 Schedule 1
	  	Form of Assignment and Assumption of ASML Sub-Ground Lease
		
	 Schedule 2
	  	Form of Assignment and Assumption of Ingram Micro Bond Lease
		
	 Schedule 3
	  	Form of Assignment and Assumption of ISS Bond Lease
		
	 Schedule 4
	  	Form of Assignment and Assumption of Leases and Security Deposits and Leasing Commission Obligations arising after Closing
		
	 Schedule 5
	  	Form of Assignment and Assumption of ASML Sublease
		
	 Schedule 6
	  	Form of Assignment and Assumption of Ingram Micro Sublease
		
	 Schedule 7
	  	Form of Assignment and Assumption of ISS Subleases
		
	 Schedule 8
	  	Form of Bill of Sale to Personal Property
		
	 Schedule 9
	  	Form of Assignment and Assumption of Ingram Micro Loan Documents
		
	 Schedule 10
	  	Form of Assignment and Assumption of ISS Bond Documents
		
	 Schedule 11
	  	Form of Assignment and Assumption of Service Contracts
		
	 Schedule 12
	  	Form of General Assignment of Seller’s Interest in Intangible Property
		
	 Schedule 13
	  	Form of Seller’s Affidavit (for Purchaser’s Title Insurance Purposes)
		
	 Schedule 14
	  	Form of Seller’s Certificate (as to Seller’s Representations and Warranties)
		
	 Schedule 15
	  	Form of Seller’s FIRPTA Affidavit
		
	 Schedule 16
	  	Form of Ingram Micro Bond Certificate
		
	 Schedule 17
	  	Form of ISS Home Office Payment Agreement
		
	 Schedule 18
	  	Form of Assignment and Assumption of Agreements Regarding ISS Letters of Credit
		
	 Schedule 19
	  	Form of Assignment of Letters of Credit
		
	 Schedule 20
	  	Forms of Seller’s Estoppels
		
	 Schedule 21
	  	Form of Assignment and Assumption of Highwoods Rental Guaranty Agreements

			
	 Schedule 22
	  	Form of Assignment and Assumption of Pacificare Escrow Agreement
		
	 Schedule 23
	  	Form of Purchaser’s Certificate (as to Purchaser’s Representations and Warranties)

  
 Schedule of Closing
Documents 
 Page 2 

 PURCHASE AND SALE AGREEMENT 
  
 THIS PURCHASE AND SALE AGREEMENT (the “Agreement”), made and entered into this 25th day of February, 2005,
by and among WELLS OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“Wells OP”), WELLS FUND XII - REIT JOINT VENTURE PARTNERSHIP, a Georgia general partnership having Wells Real Estate Fund XII, L.P., a
Georgia limited partnership and Wells OP as all of its general partners (“Wells Fund XII - REIT JV”), WELLS FUND XIII - REIT JOINT VENTURE PARTNERSHIP, a Georgia general partnership having Wells Real Estate Fund XIII, L.P., a
Georgia limited partnership and Wells OP as all of its general partners (“Wells Fund XIII-REIT JV”), WELLS REIT, LLC, VA I, a Georgia limited liability company having Wells OP as its sole member (“Wells Virginia
REIT”), WELLS BREA I, L.P., a Delaware limited partnership having Wells Brea, LLC, a Delaware limited liability company as its sole general partner (“Wells Brea”), WESTLAKE WELLS, L.P., a Texas limited
partnership having Wells Real Estate Westlake, TX, LLC, a Delaware limited liability company as its sole general partner (“Wells Westlake”), DANACQ FARMINGTON HILLS LLC, a Delaware limited liability company, having Wells OP
as its sole member (“Wells Farmington Hills”), DANACQ KALAMAZOO LLC, a Delaware limited liability company having Wells OP as its sole member (“Wells Kalamazoo”), WELLS - EDS DES MOINES, L.P., a Texas
limited partnership having Wells Real Estate - Des Moines, IA, LLC, a Delaware limited liability company as its sole general partner (“Wells EDS”), THE WELLS FUND XI - FUND XII - REIT JOINT VENTURE, a Georgia general
partnership having Wells Real Estate Fund XI, L.P., a Georgia limited partnership, Wells Real Estate Fund XII, L.P., a Georgia limited partnership and Wells OP as all of its general partners (“Wells Funds XI and XII REIT JV”) (Wells
OP, Wells Fund XII - REIT JV, Wells Fund XIII - REIT JV, Wells Virginia REIT, Wells Brea, Wells Westlake, Wells Farmington Hills, Wells Kalamazoo, Wells EDS, and Wells Funds XI and XII REIT JV being collectively referred to as
“Sellers” and sometimes individually referred to as “Seller”) and LEXINGTON CORPORATE PROPERTIES TRUST, a Maryland statutory real estate investment trust (together with its permitted successors and assigns,
“Purchaser”). 
  
 W I T N E S S E T H:

  
 WHEREAS, Wells OP (doing business in the State of North
Carolina as Wells Operating Partnership, Limited Partnership) desires to sell its fee simple estate in certain improved real property defined herein as the “Allstate Property” located in Decatur Township, Marion County, Indiana; the
“AT&T (PA) Property” located in Susquehanna Township, Dauphin County, Pennsylvania; the “Capital One Property” located in the Three Chopt District, Henrico County, Virginia; the “Dial Corporation Property” located
at 15501 N. Dial Boulevard, Scottsdale, Maricopa County, Arizona; the “Experian Property” located in the City of Allen, Collin County, Texas; the “Gartner Surface Parking Property” located in Fort Myers, Lee County, Florida; the
“IKON Property” located at 810 and 820 Gears Road, Harris County, Texas; the “Kerr McGee Property” located in Harris County, Texas; the “Kraft Foods Property” located in Forsyth County, Georgia; the “Lucent
Property” located in Wake County, North Carolina; the “Metris 

 
Property” located in the City of Tulsa, Tulsa County, Oklahoma; the “Nissan Property” located in the City of Irving, Dallas County, Texas; the
“Pacificare Property” located in the City of San Antonio, Bexar County, Texas; the “Transocean Property” located in Harris County, Texas; and the “Travelers Express Property” located in Jefferson County, Colorado,
together with certain related personal and intangible property, and Purchaser desires to purchase such real, personal and intangible property; and 
  
 WHEREAS, Wells OP also desires to sell its leasehold estates in certain improved real property and associated improvements defined herein as the
“ASML Property” located in Maricopa County, Arizona; the “Ingram Micro Property” located in Millington, Tennessee; and the “ISS Property” located in the City of Atlanta, Fulton County, Georgia, together with certain
related personal and intangible property, and Purchaser desires to purchase such real, personal and intangible property; and 
  
 WHEREAS, Wells Fund XII - REIT JV desires to sell its fee simple estate in certain improved real property defined herein as the “AT&T (OK)
Property” located in Oklahoma County, Oklahoma, together with certain related personal and intangible property, and Purchaser desires to purchase such real, personal and intangible property; and 
  
 WHEREAS, Wells Fund XIII - REIT JV desires to sell its fee simple state in
certain improved real property defined herein as the “Americredit Property” located in Clay County, Florida, and the “John Wiley Property” located in Delaware Township, Hamilton County, Indiana; together with certain related
personal and intangible property, and Purchaser desires to purchase such real, personal and intangible property; and 
  
 WHEREAS, Wells Virginia REIT desires to sell its fee simple estate in certain improved real property defined herein as the “Alstom Power
Property” located in the Clover Hill District, Chesterfield County, Virginia, together with certain related personal and intangible property, and Purchaser desires to purchase such real, personal and intangible property; and 
  
 WHEREAS, Wells Brea desires to sell its fee simple estate in certain improved
real property defined herein as the “Bank of America Property” located at 275 S. Valencia Avenue, Brea, Orange County, California, together with certain related personal and intangible property, and Purchaser desires to purchase such real,
personal and intangible property; and 
  
 WHEREAS, Wells Westlake
desires to sell its fee simple estate in certain improved real property defined herein as the “Daimler Chrysler Property” located in the City of Westlake, Tarrant County, Texas, together with certain related personal and intangible
property, and Purchaser desires to purchase such real, personal and intangible property; and 
  
 WHEREAS, Wells Farmington Hills and Wells Kalamazoo desire to sell their respective fee simple estates in certain improved real property defined herein, respectively, as the “Dana (Farmington Hills)
Property” and the “Dana (Kalamazoo) Property”, together with certain related personal and intangible property associated with each of said properties, and Purchaser desires to purchase such real, personal and intangible properties;
and 
  

 2 

 WHEREAS, Wells EDS desires to sell its fee simple estate in certain improved real property defined herein
as the “EDS Property” located in the City of Des Moines, Polk County, Iowa, together with certain related personal and intangible property, and Purchaser desires to purchase such real, personal and intangible property; and 
  
 WHEREAS, Wells Funds XI and XII REIT JV desire to sell its fee simple estate
in certain improved real property defined herein as the “Gartner Office Building Property” located at 12600 Gateway Boulevard, in Fort Myers, Lee County, Florida, together with certain related personal and intangible property, and
Purchaser desires to purchase such real, personal and intangible property; and 
  
 WHEREAS, the parties hereto desire to provide for said sale and purchase on the terms and conditions set forth in this Agreement; 
  
 NOW, THEREFORE, for and in consideration of the premises, the mutual covenants and agreements hereinafter set forth, and for
other good and valuable consideration, the receipt, adequacy, and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereto hereby covenant and agree as follows: 
  
 ARTICLE 1. 
 DEFINITIONS 
  
 For purposes of this Agreement, each of the following capitalized terms shall have the meaning ascribed to such terms as set forth below: 
  
 “Allstate Property” shall mean that certain improved real property located in Decatur Township, Marion County, Indiana, together with
certain related personal and intangible property, being the Wells OP Land identified as the “Allstate Property” on EXHIBIT “A-1” attached hereto, together with the related Wells OP Improvements, the Wells OP
Personal Property, the Wells OP Intangible Property and all right, title and interest of Wells OP as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells
OP Land and Wells OP Improvements. 
  
 “Allstate Purchase
Option” shall mean that certain Purchase Option Agreement, dated as of September 11, 2002, between Midwest Logistics Partners, L.P. and Hartsfield Building, LLC, the interest of Hartsfield Building, LLC having been assigned to Wells OP
pursuant to that certain Assignment and Assumption of Lease, Contracts and Option Contract, dated September 27, 2002, between Hartsfield Building LLC and Wells OP, and as affected by that certain Letter, dated December 16, 2004, from Wells OP to
Midwest Logistics Partners, L.P. extending said option. 
  
 “Alstom Power Property” shall mean that certain improved real property located in the Clover Hill District, Chesterfield County, Virginia, together with certain related personal and intangible property, being the Wells
Virginia REIT Land identified as the “Alstom Power Property” on EXHIBIT “A-2” attached hereto and made a part hereof, together with the related Wells Virginia REIT Improvements, Wells Virginia REIT Personal
Property, and Wells Virginia 

  

 3 

 
REIT Intangible Property, and all right, title and interest of Wells Virginia REIT as “landlord” or “lessor” in and to the Leases, any
guaranties of the Leases and the Security Deposits, with respect to such Wells Virginia REIT Land and Wells Virginia REIT Improvements. 
  
 “Americredit Property” shall mean that certain improved real property located in Clay County, Florida, together with certain related
personal and intangible property, being the Wells Fund XIII - REIT JV identified as the “Americredit Property” on EXHIBIT “A-2” attached hereto and made a part hereof, together with the related Wells Fund
XIII -REIT JV Improvements, Wells Fund XIII - REIT JV Personal Property, and Wells Fund XIII - REIT JV Intangible Property, and all right, title and interest of Wells Fund XIII - REIT JV as “landlord” or “lessor” in and to the
Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells Fund XIII - REIT JV Land and Wells Fund XIII - REIT JV Improvements. 
  

“ASML Non-Disturbance Agreement” shall have the meaning ascribed thereto in Section 4.3(t) hereof. 
  
 “ASML Prime Ground Lease” shall mean that certain Ground
Lease, dated October 8, 1984, between the Arizona Board of Regents, as lessor, and Price-Elliott Research Park, Inc., an Arizona nonprofit corporation, as lessee, with respect to the land on which the ASML Property is located. 
  
 “ASML Prime Ground Lease Estoppel Certificate” shall mean an
estoppel certificate substantially in the form attached hereto as EXHIBIT “H-1” and made a part hereto executed by the ASML Prime Ground Lessor with respect to the ASML Prime Ground Lease. 
  
 “ASML Prime Ground Lessor” shall mean the Arizona Board of
Regents. 
  
 “ASML Property” shall mean the
leasehold estate of Wells OP in that certain improved real property located in Maricopa County, Arizona, together with certain related personal and intangible property, being the Wells OP Property identified as the “ASML Property” on
EXHIBIT “A-1” attached hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and interest of Wells OP as
“landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Leasehold Estate. 
  
 “ASML Sub-Ground Lease” shall mean that certain Ground Lease, dated August 22, 1997, between Price-Elliott
Research Park, Inc., an Arizona nonprofit corporation, as lessor, and Ryan Companies US, Inc., a Minnesota corporation, as lessee, as the interest of the “lessee” was assigned to Wells OP pursuant to that certain Assignment and Assumption
Agreement, dated March 29, 2000, between Ryan Companies US, Inc., as assignor, and Wells OP, as assignee. 
  
 “ASML Sub-Ground Lease Estoppel Certificate” shall mean an estoppel certificate substantially in the form attached hereto as
EXHIBIT “H-2” and made a part hereof executed by the ASML Sub-Ground Lessor with respect to the ASML Sub-Ground Lease. 
  

 4 

 “ASML Sub-Ground Lessor” shall mean Price-Elliott Research Park, Inc., an Arizona
nonprofit corporation. 
  
 “ASML Sublease” shall
mean that certain sublease between Wells OP as landlord and ASM Lithography, Inc. as tenant, as more particularly described on Exhibit “I” attached hereto and made a part hereof. 
  
 “Assignment and Assumption of Agreements Regarding ISS Letters of
Credit” shall mean that certain Assignment and Assumption of Agreements Regarding ISS Letters of Credit to be executed by Wells OP and Purchaser at the Closing, in the form attached hereto as SCHEDULE 19 and made a
part hereof. 
  
 “Assignment and Assumption of ASML
Sub-Ground Lease” shall mean that certain Assignment and Assumption of Lease to be executed and delivered by Wells OP and Purchaser at the Closing with respect to the ASML Sublease, in the form attached hereto as SCHEDULE
1 and made a part hereof. 
  
 “Assignment and
Assumption of Highwoods Rental Guaranty Agreements” shall mean that certain Assignment and Assumption of Highwoods Rental Guaranty Agreements to be executed by Wells OP and Purchaser at the Closing, in the form attached hereto as
SCHEDULE 21 and made a part hereof. 
  
 “Assignment and Assumption of Ingram Micro Bond Lease” shall mean that certain Absolute Assignment of Lease and Assumption Agreement to be executed and delivered by Wells OP and Purchaser at the Closing with respect to the
Ingram Micro Bond Lease, in the form attached hereto as SCHEDULE 2 and made a part hereof. 
  
 “Assignment and Assumption of Ingram Micro Loan Documents” shall mean that certain Assignment of Fee Construction Mortgage Deed of Trust
and Assignment of Rents and Leases to be executed and delivered by Wells OP and Purchaser at the Closing, in the form attached hereto as SCHEDULE 9 and made a part hereof. 
  
 “Assignment and Assumption of Ingram Micro Sublease” shall
mean that certain Assignment and Assumption of Lease to be executed and delivered by Wells OP and Purchaser at the Closing with respect to the Ingram Micro Sublease, in the form attached hereto as SCHEDULE 6 and made a part
hereof. 
  
 “Assignment and Assumption of ISS Bond
Documents” shall mean that certain Assignment and Assumption of ISS Bond Documents to be executed and delivered by Wells OP and Purchaser at the Closing with respect to the ISS Bond Documents, in the form attached hereto as
SCHEDULE 10 and made a part hereof. 
  
 “Assignment and Assumption of ISS Bond Lease” shall mean that certain Assignment and Assumption of Lease to be executed and delivered by Wells OP and Purchaser at the Closing with respect to the ISS Bond Lease, in the form
attached hereto as SCHEDULE 3 and made a part hereof. 
  

 5 

 “Assignment and Assumption of ISS Subleases” shall mean that certain Assignment and
Assumption of Leases to be executed and delivered by Wells OP and Purchaser at the Closing with respect to the ISS Subleases, in the form attached hereto as SCHEDULE 7 and made a part hereof. 
  
 “Assignment and Assumption of Leases” shall mean the form of
assignment and assumption of Leases and Security Deposits and obligations under the Commission Agreements to be executed and delivered by Purchaser and the applicable Seller as to the Leases, Security Deposits and Commission Agreements with respect
to the Property or Properties owned by such Seller, at the Closing in the form attached hereto as SCHEDULE 4. 
  
 “Assignment and Assumption of Service Contracts” shall mean the form of assignment and assumption of the Service Contracts to be executed
and delivered by Purchaser and the applicable Seller as to the Service Contracts with respect to the Property or Properties owned by such Seller, at the Closing in the form attached hereto as SCHEDULE 11. 
  
 “Assignment of Letters of Credit” shall mean the form of
Assignment of Letters of Credit to be executed and delivered by Purchaser and the applicable Sellers at the Closing with respect to the Letters of Credit in the form attached hereto as SCHEDULE 19 and made a part hereof.

  
 “Association” and “Associations”
shall mean each and any one or more of those certain property owners associations established and existing with respect to the Properties identified on EXHIBIT “D” attached hereto and made a part hereof.

  
 “Association Estoppel Certificate” or
“Association Estoppel Certificates” shall mean those certain estoppel certificates executed on behalf of the applicable Associations, substantially in the forms required pursuant to Section 6.1(e) hereof, with respect to the
Properties described on EXHIBIT “D” attached hereto and made a part hereof. 
  
 “Association Notices of Sale” shall have the meaning ascribed therein in Section 5.1(ff) hereof. 
  
 “AT&T (OK) Property” shall mean that certain improved
real property located in Oklahoma City, Oklahoma County, Oklahoma, together with certain related personal and intangible property, being the Wells Fund XII - REIT JV Property identified as the “AT&T (OK) Property” on
EXHIBIT “A-2” attached hereto and made a part hereof, together with the related Wells Fund XII - REIT JV Improvements, Wells Fund XII - REIT JV Personal Property, and Wells Fund XII - REIT JV Intangible Property, and
all right, title and interest of Wells Fund XII - REIT JV as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells Fund XII - REIT JV Land and Wells Fund
XII - REIT JV Improvements. 
  
 “AT&T (PA)
Property” shall mean that certain improved real property located in Susquehanna Township, Dauphin County, Pennsylvania, together with certain related personal 

  

 6 

 
and intangible property, being the Wells OP Property identified as the “AT&T (PA) Property” on EXHIBIT “A-1”
attached hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and interest of Wells OP as “landlord” or “lessor” in and
to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements.  
  
 “Bank of America Property” shall mean that certain improved real property located in Brea, Orange County, California, together with
certain related personal and intangible property, being the Wells Brea Property identified as the “Bank of America Property” on EXHIBIT “A-2” attached hereto and made a part hereof, together with the related
Wells Brea Improvements, Wells Brea Personal Property, and Wells Brea Intangible Property, and all right, title and interest of Wells Brea as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the
Security Deposits, with respect to such Wells Brea Land and Wells Brea Improvements. 
  
 “Bank of America ROFR Notice” shall mean that certain letter, dated January 11, 2005, from Wells Brea to Bank of America, NT & SA (now known as Bank of America N.A.), together with that certain
term sheet accompanying said letter, as described in Section 4.3(l) hereof. 
  
 “Basket Limitation” shall mean an amount equal to $100,000.00; 
  
 “Bill of Sale” shall mean the form of bills of sale to the Personal Property to be executed and delivered to Purchaser by Wells Affiliate
as to the Wells Affiliate Personal Property, and to Purchaser by Wells OP as to the Wells OP Personal Property, at the Closing in the form attached hereto as SCHEDULE 8. 
  
 “Bond Documents” shall have the meaning ascribed thereto in
Section 4.1(w) hereof. 
  
 “Broker” shall
have the meaning ascribed thereto in Section 10.1 hereof. 
  
 “Business Day” shall mean any day other than a Saturday, Sunday or other day on which banking institutions in the States of Georgia or New York are authorized by law or executive action to close. 
  
 “Cap Limitation” shall mean, with respect to each Property,
an amount equal to five percent (5%) of the Purchase Price of such Property, not to exceed two percent (2%) of the total Purchase Price in the aggregate. 
  
 “Capital One Lake Easement Deed” shall mean that certain instrument of deed among Loch Levan Land Limited Partnership, Highwoods Realty
Limited Partnership, Wells OP and Wyndham Commercial Association, Inc., substantially in the form of Exhibit “AA” attached hereto and made a part hereof, with such changes thereto as may be reasonably requested by any party thereto.

  

 7 

 “Capital One Property” shall mean that certain improved real property located in the
Three Chopt District, Henrico County, Virginia, together with certain related personal and intangible property, being the Wells OP Property identified as the “Capital One Property” on EXHIBIT “A-1” attached
hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and interest of Wells OP as “landlord” or “lessor” in and to the
Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements. 
  
 “Closing” shall mean the consummation of the purchase and sale of the Properties pursuant to the terms of this Agreement. 
  
 “Closing Date” shall mean the First Closing Date or any
Deferred Closing Date, as the context may permit or require. 
  
 “Closing Documents” shall mean any certificate, instrument or other document delivered pursuant to this Agreement. 
  
 “Commission Agreements” shall have the meaning ascribed thereto in Section 4.1(g) hereof, and such agreements are more
particularly described on EXHIBIT “C” attached hereto and made a part hereof. 
  
 “Daimler Chrysler Property” shall mean that certain improved real property located in the City of Westlake, Tarrant County, Texas,
together with certain related personal and intangible property, being the Wells Westlake Property identified as the “Daimler Chrysler Property” on EXHIBIT”A-2” attached hereto and made a part hereof,
together with the related Wells Westlake Improvements, Wells Westlake Personal Property, and Wells Westlake Intangible Property, and all right, title and interest of Wells Westlake as “landlord” or “lessor” in and to the Leases,
any guaranties of the Leases and the Security Deposits, with respect to such Wells Westlake Land and Wells Westlake Improvements. 
  
 “Dana (Farmington Hills) Property” shall mean that certain improved real property located in the City of Farmington Hills, Oakland
County, Michigan, together with certain related personal and intangible property, being the Wells Farmington Hills Property identified as the “Wells (Farmington Hills) Property” on EXHIBIT “A-2” attached
hereto and made a part hereof, together with the related Wells Farmington Hills Improvements, Wells Farmington Hills Personal Property, and Wells Farmington Hills Intangible Property, and all right, title and interest of Wells Farmington Hills as
“landlord” or “lessor” in and to the Lease, any guaranties of the Lease and the Security Deposit, with respect to such Wells Farmington Hills Land and Wells Farmington Hills Improvements. 
  
 “Dana (Kalamazoo) Property” shall mean that certain improved
real property located in Kalamazoo County, Michigan, together with certain related personal and intangible property, being the Wells Kalamazoo Property identified as the “Wells Kalamazoo Property” on EXHIBIT
“A-2” attached hereto and made a part hereof, together with the related Wells Kalamazoo Improvements, Wells Kalamazoo Personal Property, and Wells Kalamazoo Intangible Property, 

  

 8 

 
and all right, title and interest of Wells Kalamazoo as “landlord” or “lessor” in and to the Lease, any guaranties of the Lease and the
Security Deposit, with respect to such Wells Kalamazoo Land and Wells Kalamazoo Improvements. 
  
 “Declarant” or “Declarants” shall mean with respect to each applicable Property the “declarant” or similar person under any Declaration affecting such Property. 

 
 “Declarant Estoppel Certificate” or “Declarant
Estoppel Certificates” shall mean estoppel certificates executed by the holders of the rights of “Declarant” or similar rights under the Declarations, substantially in the form required pursuant to Section 6.1(f) hereof,
affecting the Properties described on EXHIBIT “D” attached hereto and made a part hereof. 
  
 “Declaration” and “Declarations” shall mean those certain declarations of easements, covenants and conditions more
particularly described on EXHIBIT “D” attached hereto and made a part hereof. 
  
 “Deferred Closing Date” shall have the meaning ascribed thereto in Section 2.7(b) hereof. 
  
 “Deferred Closing Property” shall have the meaning ascribed
thereto in Section 2.7(b) hereof. 
  
 “Dial
Corporation Property” shall mean that certain improved real property located in Scottsdale, Maricopa County, Arizona, together with certain related personal and intangible property, being the Wells OP Property identified as the “Dial
Corporation Property” on EXHIBIT “A-1” attached hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title
and interest of Wells OP as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements. 
  
 “Due Diligence Deliveries” shall have the meaning ascribed
thereto in Section 3.2 hereof. 
  
 “Due Diligence
Material” shall have the meaning ascribed thereto in Section 3.7 hereof. 
  
 “Earnest Money” shall mean the sum of Forty Million Five Hundred Thousand and No/100 Dollars ($40,500,000.00 U.S.), together with all interest which accrues thereon as provided in Section
2.4(b) hereof and in the Escrow Agreement. 
  
 “EDS
Property” shall mean that certain improved real property located in Des Moines, Polk County, Iowa, together with certain related personal and intangible property, being the Wells EDS Property identified as the “EDS Property” on
EXHIBIT “A-2” attached hereto and made a part hereof, together with the related Wells EDS Improvements, Wells EDS Personal Property, and Wells EDS Intangible Property, and all right, title and interest of Wells EDS as
“landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells EDS Land and Wells EDS Improvements. 
  

 9 

 “Effective Date” shall mean the date upon which Sellers and Purchaser shall have
executed and delivered at least two (2) fully executed counterparts of this Agreement to each other party, and at least three (3) executed counterparts of the Escrow Agreement to Escrow Agent. 
  
 “Environmental Law” shall mean any law, ordinance, rule,
regulation, order, judgment, injunction or decree relating to pollution or substances or materials which are considered to be hazardous or toxic, including, without limitation, the Resource Conservation and Recovery Act, the Comprehensive
Environmental Response, Compensation and Liability Act, the Hazardous Materials Transportation Act, the Clean Water Act, the Toxic Substances Control Act, the Emergency Planning and Community Right to Know Act, any state and local environmental law,
all amendments and supplements to any of the foregoing and all regulations and publications promulgated or issued pursuant thereto. 
  
 “Escrow Agent” shall mean the Title Company, at its office at 4170 Ashford Dunwoody Road, Suite 460, in Atlanta, Georgia, 30319.

  
 “Escrow Agreement” shall mean that certain
Escrow Agreement in the form attached hereto as EXHIBIT “E” entered into contemporaneously with the execution and delivery of this Agreement by Sellers, Purchaser and Escrow Agent with respect to the Earnest Money.

  
 “Excess Amount” shall have the meaning
ascribed thereto in Section 11.3 hereof. 
  
 “Excluded Property” shall have the meanings set forth in Sections 7.1 and 7.2 hereof. 
  
 “Existing Environmental Reports” shall mean those certain reports, correspondence and related materials, if any, more particularly
described on EXHIBIT “F” attached hereto and made a part hereof. 
  
 “Existing Survey” and “Existing Surveys” shall mean any one or more of those certain surveys with respect to the Land
and the Improvements or the Wells Affiliate Ground Lease Lands or the Wells OP Ground Lease Land, if any, more particularly described on EXHIBIT “G” attached hereto and made a part hereof. 
  
 “Experian Property” shall mean that certain improved real
property located in the City of Allen, Collin County, Texas, together with certain related personal and intangible property, being the Wells OP Property identified as the “Experian Property” on EXHIBIT “A-1”
attached hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and interest of Wells OP as “landlord” or “lessor” in and
to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements. 
  

 10 

 “FIRPTA Affidavit” shall mean the form of FIRPTA Affidavit to be executed and delivered
to Purchaser at Closing by each Seller as to the Property owned by such Seller, substantially in the form attached hereto as SCHEDULE 15. 
  

“First Closing Date “ shall have the meaning ascribed thereto in Section 2.7(a) hereof. 
  
 “Gartner Lease Amendment” shall mean an amendment to that
certain Lease with Gartner Group, Inc. relating to the Gartner Office Building Property substantially in the form attached hereto as Exhibit “CC” and made a part hereof. 
  
 “Gartner Office Building Property” shall mean that certain improved real property located in Lee County,
Florida, together with certain related personal and intangible property, being the Wells Funds XII and XIII REIT JV Property identified as the “Gartner Office Building Property” on EXHIBIT “A-2” attached
hereto and made a part hereof, together with the related Wells Funds XII and XIII REIT JV Improvements, Wells Funds XII and XIII REIT JV Personal Property, and Wells Funds XII and XIII REIT JV Intangible Property, and all right, title and interest
of Wells Funds XII and XIII REIT JV as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells Funds XII and XIII REIT JV Land and Wells Funds XII and XIII
REIT JV Improvements. 
  
 “Gartner Office Lease”
shall mean that certain office lease affecting the Gartner Property as more particularly described on the attached Exhibit “I”. 
  
 “Gartner Parking Lease” shall mean that certain parking lease affecting the Gartner Property as more particularly described on the
attached Exhibit “I”. 
  
 “Gartner
Parking Plans” shall mean those certain plans for the construction and installation of surface parking and related improvements on the Gartner Surface Parking Property as more particularly described on Exhibit “FF” attached
hereto and made a part hereof. 
  
 “Gartner Parking
Work” shall having the meaning ascribed thereto in Section 4.3(s) hereof and shall include the work contemplated under the Gartner Parking Plans. 
  
 “Gartner Property” shall mean, collectively, the Gartner Office Building Property, which is owned by Wells
Funds XI and XII REIT JV, and the Gartner Surface Parking Property, which is owned by Wells OP. 
  
 “Gartner Surface Parking Property” shall mean that certain real property located in Lee County, Florida, improved as surface parking,
which is adjacent to the Gartner Office Building Property owned by Wells Funds XI and XII REIT JV, together with certain related personal and intangible property, being the Wells OP Land identified as “Gartner Surface Parking Parcels” on
EXHIBIT “A-2” attached hereto and made a part hereof, together with the related Wells OP Improvements, the Wells OP Personal Property, the Wells OP Intangible Property and all right, title and interest of Wells OP as
“landlord” or “lessor” in and to the Lease with respect to such Wells OP Land and Wells OP Improvements. 
  

 11 

 “General Assignment” shall mean an assignment by each applicable Seller of its interest
in intangible property owned by such Seller (being such Seller’s interest in the Intangible Property) and being conveyed as a part of such Seller’s Property, to be executed by such Seller at Closing, substantially in the form attached
hereto as SCHEDULE 12 and made a part hereto, with such changes thereto as may be agreed upon by such Seller and Purchaser to convey such Seller’s intangible property associated with the Property of such Seller.

  
 “Ground Lessor Estoppel Certificates” shall
mean the ASML Prime Ground Lease Estoppel Certificate, the ASML Sub-Ground Lease Estoppel Certificate and the Ingram Micro Bond Lease Estoppel Certificate, substantially in the forms attached hereto as EXHIBIT “H-1”,
EXHIBIT “H-2” and EXHIBIT “H-3”, respectively. 
  
 “Hazardous Substances” shall mean any and all pollutants, contaminants, toxic or hazardous wastes or any other substances that might pose
a hazard to health or safety, the removal of which may be required or the generation, manufacture, refining, production, processing, treatment, storage, handling, transportation, transfer, use, disposal, release, discharge, spillage, seepage or
filtration of which is or shall be restricted, prohibited or penalized under any Environmental Law (including, without limitation, lead paint, asbestos, urea formaldehyde foam insulation, petroleum and polychlorinated biphenyls). 
  
 “Highwoods Estoppel Certificate” or “Highwoods
Estoppel Certificates” shall mean estoppel certificates to be sought from Highwoods Properties, Inc., a Maryland corporation, with respect to each of the Highwoods Rental Guaranty Agreements, in substantially the form attached hereto as
EXHIBIT “Y” and made a part hereof. 
  
 “Highwoods Rental Guaranty Agreements” shall mean (a) that certain Rental Guaranty Agreement (East Shore I), dated as of November 26, 2002, between Highwoods Properties, Inc., a Maryland corporation,
and Wells OP, (b) that certain Rental Guaranty Agreement (East Shore II), dated as of November 26, 2002, between Highwoods Properties, Inc., a Maryland corporation, and Wells OP, and (c) that certain Rental Guaranty Agreement (East Shore III), dated
as of November 26, 2002, between Highwoods Properties, Inc., a Maryland corporation, and Wells OP, with respect to certain Leases affecting the Capital One Property. 
  
 “IKON Property” shall mean that certain improved real property located in Harris County, Texas, together
with certain related personal and intangible property, being the Wells OP Property identified as the “IKON Property” on EXHIBIT “A-1” attached hereto and made a part hereof, together with the related Wells
OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and interest of Wells OP as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits,
with respect to such Wells OP Land and Wells OP Improvements. 
  
 “Improvements” shall mean the Wells OP Improvements and the Wells Affiliate Improvements. 
  
 “Ingram Micro Bond Certificate” shall mean that certain Bond Certificate substantially in the form attached hereto as
SCHEDULE 13 and made a part hereof. 
  

 12 

 “Ingram Micro Bond Lease” shall mean that certain Bond Real Property Lease, dated as of
December 20, 1995, between the Ingram Micro Ground Lessor and Lease Plan North America, Inc., an Illinois corporation, as lessee, as the interest of the “lessee” thereunder was assigned pursuant to that certain Absolute Assignment of Lease
and Assumption Agreement, dated as of December 20, 2000, between Lease Plan North America, Inc., as assignor, and Ingram Micro, L.P., a Tennessee limited partnership, as assignee, and as the interest of the “lessee” thereunder was further
assigned pursuant to that certain Absolute Assignment of Lease and Assumption Agreement, dated as of September 20, 2001, between Ingram Micro, L.P., as assignor, and Wells OP, as assignee. 
  
 “Ingram Micro Bond Lease Estoppel Certificate” shall mean an
estoppel certificate executed by the Ingram Micro Ground Lessor substantially in the form and substance as attached hereto as EXHIBIT “H-3” and made a part hereof with respect to the Ingram Micro Bond Lease.

  
 “Ingram Micro Fee Construction Mortgage Deed of Trust
and Assignment of Rents and Leases” shall mean that certain Fee Construction Mortgage Deed of Trust and Assignment of Rents and Leases, dated December 20, 1995, recorded as Instrument No. FN 4355 in the Register’s Office of Shelby
County, Tennessee from the Ingram Micro Ground Lessor to First American Title Insurance Company for the benefit of Lease Plan North America, Inc., as mortgagee, as the interest of the “mortgagee” thereunder was assigned pursuant to that
certain Assignment of Fee Construction Mortgage Deed of Trust and Assignment of Rents and Leases, dated as of December 20, 1995, between Lease Plan North American, Inc., as assignor, and ABN Amro Bank N.V., Atlanta Branch, as assignee, recorded as
Instrument No. 4356, aforesaid records, as the interest of the “mortgagee” thereunder was further assigned pursuant to that certain Absolute Assignment of Bond and Deed of Trust, dated December 20, 2000, recorded as Instrument No. KV 3969,
aforesaid records, between ABN Amro Bank N.V. (formerly referred to as ABN Amro Bank N.V., Atlanta Branch), as assignor, and Ingram Micro L.P., as assignee, as the interest of the “mortgagee” thereunder was further assigned pursuant to
that certain Assignment of Fee Construction Mortgage Deed of Trust and Assignment of Rents and Leases, dated as of September 7, 2001, between Ingram Micro L.P., as assignor, and Wells OP, as assignee. 
  
 “Ingram Micro Ground Lessor” shall mean The Industrial
Development Board of the City of Millington, Tennessee, a Tennessee public nonprofit corporation. 
  
 “Ingram Micro Industrial Development Revenue Note” shall mean that certain Industrial Development Revenue Note (Ingram Micro L.P.) Series
1995 of The Industrial Development Board of the City of Millington, Tennessee, dated as of December 20, 1995, by the Ingram Micro Ground Lessor to and in favor of Lease Plan North American, Inc., in the original principal amount of Twenty-Two
Million and No/100 Dollars ($22,000,000.00), the original of which has been lost or misplaced and is not in the possession of Sellers. 
  
 “Ingram Micro Leasehold Estate” shall mean the leasehold estate in the land and improvements forming a part of the Ingram Micro Property,
created and existing under and by virtue of the Ingram Micro Bond Lease. 
  

 13 

 “Ingram Micro Loan Documents” shall mean the Ingram Micro Fee Construction Mortgage Deed
of Trust and Assignment of Rents and Leases, the Ingram Micro Industrial Development Revenue Note, the Ingram Micro PILOT Agreement, and any other documents or agreements executed in connection with such documents to the extent of any or all of the
interest of Wells OP therein. 
  
 “Ingram Micro PILOT
Agreement” shall mean that certain Payment in Lieu of Tax Agreement, dated December 20, 1995, by and between Ingram Micro L.P. and the Ingram Micro Ground Lessor. 
  
 “Ingram Micro Property” shall mean the leasehold estate of Wells OP in that certain improved real property
located in Millington, Shelby County, Tennessee, together with certain related personal and intangible property, being the Wells OP Property identified as the “Ingram Micro Property” on EXHIBIT “A-1”
attached hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and interest of Wells OP as “landlord” or “lessor” in and
to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Leasehold Interest. 
  
 “Ingram Micro Sublease” shall mean that certain Indenture of Lease between Wells OP as landlord and Ingram Micro L.P. as tenant, as more
particularly described on EXHIBIT “I” attached hereto and made a part hereof. 
  
 “Inspection Period” shall mean the period commencing on December 29, 2004, and expiring at 5:00 P.M. Eastern Standard Time on February
21, 2005. 
  
 “Intangible Property” shall mean
the Wells OP Intangible Property and the Wells Affiliate Intangible Property. 
  
 “ISS” shall mean Internet Security Systems, Inc., a Georgia corporation. 
  
 “ISS Bond Documents” shall mean (a) that certain Bond Purchase Agreement between the ISS Issuer and Mount Vernon Place Partners, LLC, a
Georgia limited liability company, dated as of September 1, 2000, relating to Taxable Revenue Bonds (Internet Security Systems, Inc. Project), Series 2000A, (b) Payment and Indemnity Agreement by and among the ISS Issuer, SunTrust Bank, Mount Vernon
Place Partners, LLC, and ISS, dated as of September 1, 2000, relating to Taxable Revenue Bonds (Internet Security Systems, Inc. Project), Series 2000A, and (c) Home Office Payment Agreement by and among SunTrust Bank, the ISS Issuer and Mount Vernon
Place Partners, LLC, dated as of September 1, 2000, as the interests of Mount Vernon Place Partners, LLC thereunder were assigned to Wells OP pursuant to that certain Assignment and Assumption of Bond Documents between Mount Vernon Place Partners,
LLC and Wells OP, dated as of July 1, 2002. 
  
 “ISS Bond
Lease” shall mean that certain Series 2000A Lease Agreement between the ISS Issuer and Mount Vernon Place Partners, LLC, a Georgia limited liability company, dated as 

  

 14 

 
of September 1, 2000, recorded in Deed Book 29773, Page 621, Fulton County, Georgia records; as amended by that certain Amendment to Lease Agreement between
the ISS Issuer and Mount Vernon Place Partners, LLC, dated as of December 20, 2001, recorded in Deed Book 31888, Page 436, aforesaid records; as amended by Second Amendment to Series 2000A Lease Agreement, between the ISS Issuer and Mount Vernon
Place Partners, LLC, dated as of July 1, 2002, recorded in Deed Book 32669, Page 299, aforesaid records; as the interest of the “lessee” thereunder was assigned to Wells OP pursuant to that certain Assignment and Assumption of Lease
between Mount Vernon Place Partners, LLC and Wells OP, dated as of July 1, 2002, recorded in Deed Book 32669, Page 313, aforesaid records; and as amended by that certain Amendment No. 3 to Series 2000A Lease Agreement between the ISS Issuer and
Wells OP, dated December 29, 2003, recorded in Deed Book 36785, Page 24, aforesaid records. 
  
 “ISS Bonds” shall mean, collectively, (a) that certain Development Authority of Fulton County Taxable Revenue Bond (Internet Security Systems, Inc. Project), Series 2000A, issued by the ISS Issuer,
dated as of September 14, 2000, Numbered AR-3, in the stated amount of $26,000,000, (b) that certain Development Authority of Fulton County Taxable Revenue Bond (Internet Security Systems, Inc. Project), Series 2000A, issued by the ISS Issuer, dated
as of December 20, 2001, Numbered AR-4, in the stated amount of $6,500,000, and (c) that certain Development Authority of Fulton County Taxable Revenue Bond (Internet Security Systems, Inc. Project), Series 2000A, issued by the ISS Issuer, dated as
of December 29, 2003, Numbered AR-5, in the stated amount of $10,000,000. 
  
 “ISS Ground Lessor” shall mean the Development Authority of Fulton County, Georgia. 
  
 “ISS Home Office Payment Agreement” shall mean that certain Home Office Payment Agreement among the ISS Trustee, the ISS Issuer and
Purchaser, in its capacities as the purchaser of the ISS Series 2000A Bonds and the successor lessee under the ISS Bond Lease, in the form and substance of SCHEDULE 17 attached hereto and made a part hereof. 
  
 “ISS Issuer” shall mean the Development Authority of Fulton
County, Georgia. 
  
 “ISS Lease Amendment” shall
mean a letter amendment to that certain Lease with Internet Security Systems, Inc. for Building III substantially in the form attached hereto as Exhibit “DD” and made a part hereof. 
  
 “ISS Leasehold Estate” shall mean that certain leasehold
estate in and to the land and improvements which are a part of the ISS Property, as said leasehold estate is created and established pursuant to the ISS Bond Lease. 
  
 “ISS Property” shall mean the leasehold estate of Wells OP in that certain improved real property located
in the City of Atlanta, Fulton County, Georgia, together with certain related personal and intangible property, being the Wells OP Property identified as the “ISS Property” on EXHIBIT “A-3” attached hereto
and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and interest of Wells OP as “landlord” or “lessor” in and to the Leases,
any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements. 
  

 15 

 “ISS Subleases” shall mean those two (2) certain subleases between Wells OP as landlord
and ISS as tenant, as more particularly described on EXHIBIT “I” attached hereto and made a part hereof. 
  
 “ISS Trustee” shall mean SunTrust Bank, a state banking corporation, as trustee under the ISS Bond Documents. 
  
 “John Wiley Property” shall mean that certain improved real
property located in Delaware Township, Hamilton County, Indiana, together with certain related personal and intangible property, being the Wells Fund XIII - REIT JV Property identified as the “John Wiley Property” on
EXHIBIT “A-1” attached hereto and made a part hereof, together with the related Wells Fund XIII - REIT JV Improvements, Wells Fund XIII - REIT JV Personal Property, and Wells Fund XIII - REIT JV Intangible Property,
and all right, title and interest of Wells Fund XIII - REIT JV as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells Fund XIII - REIT JV Land and Wells
Fund XIII - REIT JV Improvements. 
  
 “Kerr McGee
Property” shall mean that certain improved real property located in Houston, Harris County, Texas, together with certain related personal and intangible property, being the Wells OP Property identified as the “Kerr McGee Property”
on EXHIBIT “A-1” attached hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and interest of Wells OP as
“landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements. 
  
 “Kerr McGee Sewer Easement” shall mean that sewer easement to be granted by Wells OP to the owner of
certain property adjoining the Kerr McGee Property, substantially in the form attached hereto as EXHIBIT “Z” attached hereto and made a part hereof, which easement Wells OP agreed to grant and which has been in the
process of negotiation with said adjoining property owner for more than one year. 
  
 “Kraft Foods Property” shall mean that certain improved real property located in Forsyth County, Georgia, together with certain related personal and intangible property, being the Wells OP Property
identified as the “Kraft Foods Property” on EXHIBIT “A-1” attached hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible
Property, and all right, title and interest of Wells OP as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements.

  
 “Land” shall mean, as the context permits or
requires, the Wells OP Lands and the Wells Affiliate Lands and the real property in which Wells OP owns a leasehold interest pursuant to the Wells OP Ground Leases. 
  

 16 

 “Lease” and “Leases” shall mean, as to Wells OP, the leases or
occupancy agreements (and all amendments and modifications thereto) (other than the Wells OP Ground Leases), which affect all or any portion of the Wells OP Land or Wells OP Improvements, including those in effect on the Effective Date, which are
more particularly identified on EXHIBIT “I” attached hereto, and any amended or new leases entered into pursuant to Section 4.3(a) of this Agreement, which as of the Closing affect all or any portion of the
Wells OP Land or Wells OP Improvements, and shall mean, as to the Wells Affiliates, the leases or occupancy agreements and all amendments and modifications thereto which affect all or any portion of the Wells Affiliate Land or Wells Affiliate
Improvements, including those in effect on the Effective Date, which are more particularly identified on EXHIBIT “I” attached hereto, and any amended or new leases entered into pursuant to Section 4.3(a) of
this Agreement, which as of the Closing affect all or any portion of the Wells Affiliate Lands or Wells Affiliate Improvements. 
  
 “Lease Guarantor” or “Lease Guarantors” shall mean each or more of the following guarantors of certain Leases or certain
obligations of the tenants under such Leases affecting one or more of the following Properties: 
  
 (a) AmeriCredit Corp., as guarantor of the certain obligations of the tenant under the Lease with AmeriCredit Financial Services, Inc.,
affecting the Americredit Property; 
  
 (b) ASM
Lithography Holding NV, as guarantor of certain obligations of the tenant under the Lease with ASM Lithography, Inc., affecting the ASML Property; 
  
 (c) Vanguard Cellular Financial Corp. (or its successor by merger), as guarantor of certain obligations of the tenant under the Lease with
Pennsylvania Cellular Telephone Corp., affecting the AT&T (PA) Property; 
  
 (d) Electronic Data Systems Corporation, as guarantor of certain obligations of the tenant under the Lease with EDS Information Services LLC, affecting the EDS Property; 
  
 (e) Ingram Micro, Inc., as guarantor of certain obligations
of the tenant under the Lease with Ingram Micro LP, affecting the Ingram Micro Property; 
  
 (f) Internet Security Systems, Inc., a Delaware corporation, as guarantor of certain obligations of the tenant under the Leases with
Internet Security Systems, Inc., a Georgia corporation, affecting the ISS Property; 
  
 (g) Kerr-McGee Corporation, as guarantor of certain obligations of the tenant under the Lease with Kerr-McGee Oil & Gas Corporation,
affecting the Kerr McGee Property; 
  
 (h) Metris
Companies, Inc., as guarantor of certain obligations of the tenant under the Lease with Metris Direct, Inc., under its Lease, affecting the Metris Property; 
  

 17 

 (i) Nissan North America, Inc., as guarantor of certain obligations of the tenant under
the Lease with Nissan Motor Acceptance Corporation, affecting the Nissan Property; 
  
 (j) Transocean Sedco Forex, Inc, as guarantor of certain obligations of the tenant under the Lease with Transocean Offshore Deepwater
Drilling, Inc., affecting the Transocean Property; and 
  
 (k) Newpark Resources, Inc., as guarantor of certain obligations of the tenant under the Lease with Newpark Drilling Fluids, Inc., affecting the Transocean Property. 
  
 “Lease Guarantor Estoppel Certificate” or “Lease Guarantor Estoppel Certificates” shall
mean those certain estoppel certificates executed on behalf of the applicable Lease Guarantors substantially in the form attached hereto as EXHIBIT “T” and made a part hereof. 
  
 “Lease Guaranty” or “Lease Guaranties”
shall mean any one or more of those certain guaranties of certain obligations of the tenants made by each Lease Guarantor. 
  
 “Lender” or “Lenders” shall mean Bank of America, N.A. with respect to the Experian Property, the IKON Property and the
Kraft Foods Property; and SouthTrust Bank, National Association with respect to the Alstom Power Property, the ASML Property and the Dial Corporation Property. 
  

“Letter of Credit” and “Letters of Credit” shall mean any one or more of those certain letters of credit delivered by
certain tenants of the Properties to the Sellers who are the owners of such Properties, as more particularly described on EXHIBIT “J” attached hereto and made a part hereof. 
  
 “Limited Warranty Deed” shall have the meaning ascribed
thereto in Section 5.1(a) hereof. 
  
 “Loan”
or “Loans” shall mean each and all of the mortgage loans secured, respectively, by the following Properties: the Alstom Power Property, the ASML Property, the Dial Corporation Property, the Experian Property, the IKON Property
and the Kraft Foods Property. 
  
 “Losses” shall
have the meaning ascribed thereto in Section 11.1 hereof. 
  
 “Lucent Property” shall mean that certain improved and unimproved real property located in Cary, Wake County, North Carolina, together with certain related personal and intangible property, being the Wells OP Property
identified as the “Lucent Property” on EXHIBIT “A-1” attached hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and
all right, title and interest of Wells OP as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements.  

 

 18 

 “Lucent Property Declaration” shall mean that certain Declaration of Covenants,
Conditions and Restrictions for Regency Park, dated February 1, 1996, recorded in Book 6933, page 342, Wake County, North Carolina Registry, as amended by First Amendment to Declaration of Covenants, Conditions and Restrictions for Regency Park,
dated August 14, 1996, recorded in Book 7112, page 641, aforesaid records, as amended by Second Amendment to Declaration of Covenants, Conditions and Restrictions for Regency Park, dated August 30, 1996, recorded in Book 7135, page 870, aforesaid
records, as amended by Third Amendment to Declaration of Covenants, Conditions and Restrictions for Regency Park, dated September 27, 1996, recorded in Book 7164, page 610, aforesaid records. 
  
 “Major Tenant” or “Major Tenants” shall
mean each one or more of the following tenants of the Properties: 
  
 (a) with respect to the Allstate Property, Allstate Insurance Company, an Illinois corporation; 
  
 (b) with respect to the Alstom Power Property, Alstom Power, Inc., a Delaware corporation; 
  
 (c) with respect to the AmeriCredit Property, AmeriCredit Financial Services, Inc., a Delaware corporation; 
  
 (d) with respect to the ASML Property, ASM Lithography, Inc., a Delaware
corporation; 
  
 (e) with respect to the AT&T (OK) Property,
AT&T Wireless Services, Inc., a Delaware corporation (successor in interest to AT&T Corp., a New York corporation); 
  
 (f) with respect to the AT&T (PA) Property, Pennsylvania Cellular Telephone Corp., a North Carolina corporation (d/b/a AT&T Wireless Services);

  
 (g) with respect to the Bank of America Property, Bank of
America NT & SA, a national banking corporation; 
  
 (h) with
respect to the Capital One Property, Capital One Services, Inc., a Delaware corporation; 
  
 (i) with respect to the Daimler Chrysler Property, Chrysler Financial Company, LLC, a Michigan limited liability company; 
  
 (j) with respect to the Dana Farmington Hills Property, Dana Corporation, a Virginia corporation; 
  
 (k) with respect to the Dana Kalamazoo Property, Dana Corporation, a Virginia
corporation; 
  

 19 

 (l) with respect to the Dial Corporation Property, The Dial Corporation, a Delaware corporation;

  
 (m) with respect to the EDS Property, EDS Information Services
L.L.C., a Delaware limited liability company; 
  
 (n) with respect
to the Experian Property, Experian Information Solutions, Inc., an Ohio corporation; 
  
 (o) with respect to the Gartner Property, Gartner, Inc., a Delaware corporation; 
  
 (p) with respect to the IKON Property, IKON Office Solutions, Inc., an Ohio corporation; 
  
 (q) with respect to the Ingram Micro Property, Ingram Micro L.P., a Tennessee limited partnership; 
  
 (r) with respect to the ISS Property, Internet Security Systems, Inc., a
Georgia corporation; 
  
 (s) with respect to the John Wiley
Property, John Wiley & Sons, Inc., a New York corporation; 
  
 (t) with respect to the Kerr McGee Property, Kerr-McGee Oil & Gas Corporation, a Delaware corporation; 
  
 (u) with respect to the Kraft Foods Property, Kraft Foods North America, Inc. a Delaware corporation; 
  
 (v) with respect to the Lucent Property, Lucent Technologies Inc., a Delaware
corporation; 
  
 (w) with respect to the Metris Property, Metris
Direct, Inc., a Delaware corporation; 
  
 (x) with respect to the
Nissan Property, Nissan Motor Acceptance Company, a Delaware corporation; 
  
 (y) with respect to the Pacificare Property, PacifiCare Health Systems, Inc., a Delaware corporation; 
  
 (z) with respect to the Transocean Property, Transocean Offshore Deepwater Drilling Inc., a Delaware corporation, and Newpark Drilling Fluids, LLC, a
Texas limited liability company; and 
  

 20 

 (aa) with respect to the Travelers Express Property, Travelers Express Company, Inc., a Minnesota
corporation. 
  
 “Metris Property” shall mean
that certain improved real property located in the City of Tulsa, Tulsa County, Oklahoma, together with certain related personal and intangible property, being the Wells OP Property identified as the “Metris Property” on
EXHIBIT “A-1” attached hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and
interest of Wells OP as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements.  
  
 “Monetary Objection” or “Monetary
Objections” with respect to each individual Property shall mean (a) any mortgage, deed to secure debt, deed of trust or similar security instrument encumbering all or any part of such Property, (b) any mechanic’s, materialman’s or
similar lien (unless resulting from any act or omission of Purchaser or any of its agents, contractors, representatives or employees or any tenant of such Property), (c) the lien of ad valorem real or personal property taxes, assessments and
governmental charges affecting all or any portion of such Property which are delinquent, (d) any judgment of record (other than a judgment of record against a tenant under a Lease at such Property) against such Property in the county or other
applicable jurisdiction in which such Property is located, (e) any other lien or other encumbrance affecting title to such Property which can be removed according to its terms by payment of a liquidated sum of money, excluding any such other liens
or encumbrances which are (x) identified in clauses (a)-(d) in the definition of “Permitted Exceptions” or (y) are required to be removed by a tenant or other occupant under a Lease at such Property, and (f) Post Effective Date
Encumbrances. 
  
 “Nissan Property” shall mean
that certain improved real property located in the City of Irving, Dallas County, Texas, together with certain related personal and intangible property, being the Wells OP Property identified as the “Nissan Property” on
EXHIBIT “A-1” attached hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and interest of Wells OP as
“landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements. 
  
 “Nissan Quitclaim Deed” shall mean a quitclaim deed executed on behalf of Nissan Motor Acceptance
Corporation confirming the termination of the repurchase option set forth in that certain vesting deed pursuant to which Wells OP acquired the Nissan Property. 
  

“Opus Indemnity” shall mean the agreement of Opus South Corporation to indemnify Wells OP with respect to the “Retained
Obligations” (including certain corrective work to the building slab at the Pacificare Property), all as set forth (and as the term “Retained Obligations” is defined) in that certain Assignment and Assumption of Lease and Certain
Agreements, dated July 12, 2002, by and among Opus South Corporation, Opus Management Corporation and Wells OP. 
  

 21 

 “Other Notices of Sale” shall have the meaning ascribed thereto in Section
5.1(ee) hereof. 
  
 “Other Third Party Estoppel
Certificate” and “Other Third Party Estoppel Certificates” shall have the meanings set forth in Section 4.3(i) hereof. 
  
 “Outstanding ROFO/ROFR Party” shall mean Bank of America, NT & SA with respect to the Bank of America Property. 
  
 “Pacificare Escrow Agreement” shall mean that certain Escrow
Agreement, dated December 11, 2002, among PacifiCare Health Systems, Inc., Wells OP, as “beneficiary”, and Wells Fargo Bank, National Association as “escrow agent”. 
  
 “Pacificare Property” shall mean that certain improved real property located in San Antonio, Bexar County,
Texas, together with certain related personal and intangible property, being the Wells OP Property identified as the “Pacificare Property” on EXHIBIT “A-1” attached hereto and made a part hereof, together
with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and interest of Wells OP as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and
the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements. 
  
 “Permitted Exceptions” as to any individual Land and related Improvements shall mean, collectively, (a) liens for taxes, assessments and governmental charges not yet due and payable or due and payable
but not yet delinquent with respect to such Land and related Improvements, (b) the Leases affecting such Land and related Improvements, (c) such state of facts as would be disclosed by a current survey of such Land, (d) the matters identified as
affecting such Land and related Improvements on EXHIBIT “K” attached hereto and made part hereof, and (e) such other easements, restrictions and encumbrances with respect to such Land and related Improvements that do
not constitute Monetary Objections, and that are approved (or are deemed approved) by Purchaser in accordance with the provisions of Section 3.4 hereof. In addition, the term “Permitted Exceptions” as to the Kerr McGee Property
shall also mean and include the Kerr McGee Sewer Easement substantially in the form attached hereto as EXHIBIT “Z” and made a part hereof; and the term “Permitted Exceptions” as to the Capital One Property
shall also mean and include the Capital One Lake Easement Deed substantially in the form attached hereto as Exhibit “AA” and made a part hereof. 
  
 “Personal Property” shall mean the Wells Affiliate Personal Property and the Wells OP Personal Property.

  
 “Post Effective Date Encumbrances” shall mean
all encumbrances to title to the Properties, other than the matters identified in clauses (a)-(e) of the definition of “Monetary Objections” which first encumber title to any of the Properties by act or omission of Seller or any of
Seller-Related Entities, which act or omission was committed or accrued after the Effective Date of this Agreement and in violation or breach by any Seller or any Seller-Related Entity of this Agreement. 
  

 22 

 “Property” shall mean any individual Wells OP Property or Wells Affiliate Property.

  
 “Property of such Seller” shall refer to the
Wells OP Property as to Wells OP, the AT&T (OK) Property as to Wells Fund XII - REIT JV, the Americredit Property and the John Wiley Property as to Wells Fund XIII - REIT JV, the Alstom Power Property as to Wells Virginia REIT, the Bank of
America Property as to Wells Brea, the Daimler Chrysler Property as to Wells Westlake, the Dana (Farmington Hills) Property as to Wells Farmington Hills, the Dana (Kalamazoo) Property as to Dana Kalamazoo, the EDS Property as to Wells EDS, and the
Gartner Office Building Property as to Wells Funds XI and XII - REIT JV. 
  
 “Property Management Agreement” and “Property Management Agreements” shall mean any one or more of those certain third party management agreements more particularly described on Exhibit
“Q” attached hereto and made a part hereof. 
  
 “Property Manager” and “Property Managers” shall mean any one or more of the third party property managers retained by Sellers to provide property management services with respect to the Property or Properties of
such Seller pursuant to the Property Management Agreements described on the attached Exhibit ”Q”. 
  
 “Properties” shall mean the Wells OP Properties and the Wells Affiliate Properties collectively. 
  
 “Properties of such Seller” shall refer to the Wells OP
Properties as to Wells OP, and to the Americredit Property and the John Wiley Property as to Wells Fund XIII - REIT JV. 
  
 “Purchase Price” shall be the amount specified in Section 2.5 hereof. 
  
 “Purchaser-Related Entities” shall have the meaning ascribed
thereto in Section 11.1 hereof. 
  
 “Purchaser-Waived Breach” shall have the meaning ascribed thereto in Section 11.3 hereof. 
  
 “Purchaser’s Certificate” shall have the meaning ascribed thereto in Section 5.2(p) hereof. 
  
 “Purchaser’s Counsel” shall mean Paul, Hastings,
Janofsky & Walker, LLP, 75 East 55th Street, New York, New York 10022, Attention: Katherine B. Lipton.

  
 “Purchaser’s Title Commitment” and
“Purchaser’s Title Commitments” shall have the meanings ascribed thereto in Section 3.4 hereof. 
  
 “Real Estate Transfer Tax” and “Real Estate Transfer Taxes” shall mean the transfer tax, excise tax, documentary stamp
tax or similar tax (however denominated) which may be imposed by the state, county and/or municipality in which each applicable Property is located and be payable in connection with the conveyance of such Property by the applicable Seller to
Purchaser hereunder. 
  

 23 

 “Right of Entry Agreement” shall mean that certain Right of Entry Agreement, dated as of
December 29, 2004 (as amended), between and among Sellers and Purchaser. 
  
 “ROFO/ROFR Endorsement” shall have the meaning ascribed thereto in Section 2.7(b) hereof. 
  
 “ROFO/ROFR Party” and “ROFO/FOFR Parties” shall have the meanings ascribed thereto in Section 4.1(f) hereof.

  
 “ROFO/ROFR Rights” shall have the meaning
ascribed thereto in Section 2.7(b) hereof. 
  
 “SEC” shall mean the Securities and Exchange Commission. 
  
 “Security Deposits” shall mean, with respect to the Properties, any security deposits, rent or damage deposits or similar amounts (other than rent paid for the month in which the Closing occurs)
actually held by Wells OP or the applicable Wells Affiliate with respect to any of the Leases affecting each Property owned by Wells OP or such Wells Affiliate. 
  

“Seller-Related Entities” shall have the meaning ascribed thereto in Section 11.2 hereof. 
  
 “Seller’s Affidavit” shall mean the form of
owner’s affidavit to be given by each of the Sellers at Closing to the Title Company in the form attached hereto as SCHEDULE 13. 
  
 “Seller’s Certificate” shall mean the form of certificate to be executed and delivered by each of the Sellers to Purchaser at the
Closing with respect to the truth and accuracy of such Seller’s warranties and representations contained in this Agreement (modified and updated as the circumstances require), in the form attached hereto as SCHEDULE 14.

  
 “Seller’s Counsel” shall mean Troutman
Sanders LLP, Bank of America Plaza, Suite 5200, 600 Peachtree Street, N.E., Atlanta, Georgia 30308-2216, Attention: John W. Griffin and Leslie Fuller Secrest. 
  

“Seller’s Estoppel” and “Sellers’ Estoppels” shall mean estoppel certificates in the forms attached hereto
as SCHEDULE 16 and made a part hereof, which may be executed and delivered by certain Sellers at Closing as contemplated in Sections 6.1(g) and 6.1(h) hereof. 
  
 “Seller’s Partial Termination Notice” shall have the
meaning ascribed thereto in Section 6.2(d) hereof. 
  
 “Seller’s Title Commitment” and “Sellers’ Title Commitments” shall have the meanings ascribed thereto in Section 3.4 hereof. 
  

 24 

 “Service Contracts” shall mean with respect to each applicable Seller all those certain
contracts and agreements more particularly described as Service Contracts on EXHIBIT “L” attached hereto and made a part hereof relating to the repair, maintenance or operation of the Land, Improvements or Personal
Property owned by such Seller which will extend beyond the Closing Date, including, without limitation, all equipment leases, and including those certain service agreements in the process of being completed and executed as described on the attached
Exhibit “L”, so long as the same shall be terminable on no more than thirty (30) days’ notice, and without payment of penalty or premium. 
  

“SNDA” and “SNDAs” shall have the meanings ascribed thereto in Section 4.3(k) hereof. 
  
 “Subsequent Title Notice” shall have the meaning ascribed
thereto in Section 3.4 hereof. 
  
 “Survey” and “Surveys” shall have the meaning ascribed thereto in Section 3.4 hereof. 
  
 “Tax Abatement Agreement” and “Tax Abatement Agreements” shall mean each and any one or more of the following:

  
 (a) with respect to the Kerr McGee Property, (i) that certain
Tax Abatement Agreement, dated on or about May 6, 2003, among the City of Houston, Texas, Wells OP, Kerr-McGee Oil & Gas Onshore, LLC and Kerr-McGee Oil & Gas Corporation, and (b) that certain Tax Abatement Agreement for Real Property
Located in the Kerr-McGee Oil & Gas Reinvestment Zone, dated May 6, 2003, among Harris County, the Harris County Flood Control District, the Harris County Hospital District, the Port Authority of Harris County, Texas (collectively as the
“County”), Wells OP, Kerr-McGee Oil & Gas Onshore LLC and Kerr-McGee Oil & Gas Corporation; 
  
 (b) with respect to the Pacificare Property, that certain Tax Phase-In Agreement with the City of Antonio, dated April 12, 2000, among PacifiCare Health
Systems, Incorporated, Opus South Corporation and the City of San Antonio, Texas. 
  
 “Taxes” shall have the meaning ascribed thereto in Section 5.4(a) hereof. 
  
 “Tenant Estoppel Certificate” or “Tenant Estoppel Certificates” shall mean certificates to be sought from the tenants
under the Leases in substantially the form attached hereto as EXHIBIT “M”; provided, however, if any Lease provides for the form or content of an estoppel certificate from the tenant thereunder, the Tenant Estoppel
Certificate with respect to such Lease may be in the form as called for therein. 
  
 “Tenant Inducement Costs” shall mean any out-of-pocket payments required under a Lease to be paid by the landlord thereunder to or for the benefit of the tenant thereunder which is in the nature of a
tenant inducement, including specifically, but without limitation, tenant improvement costs, lease buyout payments, and moving, design, refurbishment and club 

  

 25 

 
membership allowances and costs. The term “Tenant Inducement Costs” shall not include loss of income resulting from any free rental period,
it being understood and agreed that the Seller of the applicable Property shall bear the loss resulting from any free rental period until the Closing Date and that Purchaser shall bear such loss from and after the Closing Date. 
  
 “Tenant Notices of Sale” shall have the meaning ascribed
thereto in Section 5.1(cc) hereof. 
  
 “Title Company” shall mean Chicago Title Insurance Company. 
  
 “Title Commitment” and “Title Commitments” shall have the meanings ascribed thereto in Section 3.4 hereof. 
  
 “Transfer Fees” shall mean the fee(s), if any, charged by the respective issuers of the Letters of Credit
to transfer the Letters of Credit from the applicable Sellers to Purchaser as the beneficiary thereof. 
  
 “Transocean Property” shall mean that certain improved real property located in Harris County, Texas, together with certain related
personal and intangible property, being the Wells OP Property identified as the “Transocean Property” on EXHIBIT “A-1” attached hereto and made a part hereof, together with the related Wells OP Improvements,
Wells OP Personal Property, and Wells OP Intangible Property, and all right, title and interest of Wells OP as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to
such Wells OP Land and Wells OP Improvements. 
  
 “Travelers Express Property” shall mean that certain improved real property located in Lakewood, Jefferson County, Colorado, together with certain related personal and intangible property, being the Wells OP Property
identified as the “Travelers Express Property” on EXHIBIT “A-1” attached hereto and made a part hereof, together with the related Wells OP Improvements, Wells OP Personal Property, and Wells OP Intangible
Property, and all right, title and interest of Wells OP as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to such Wells OP Land and Wells OP Improvements.

  
 “Wells Affiliate” and “Wells
Affiliates” shall mean each and any one or more of Wells Funds XII - REIT JV, Wells Fund XIII - REIT JV, Wells Virginia REIT, Wells Brea, Wells Westlake, Wells Farmington Hills, Wells Kalamazoo, Wells EDS and Wells Funds XI and XII REIT JV.

  
 “Wells Affiliate Improvements” shall mean all
buildings, structures and improvements now or on the Closing Date situated on the Wells Affiliate Lands, including without limitation, all parking areas and facilities, improvements and fixtures located on the Wells Affiliate Lands. 
  
 “Wells Affiliate Intangible Property” shall mean all
intangible property, if any, owned by each applicable Wells Affiliate and related to the Wells Affiliate Land and Wells Affiliate Improvements owned by such Wells Affiliate, including without limitation, the rights and 

  

 26 

 
interests, if any, of each Wells Affiliate in and to the following (to the extent assignable): (i) all assignable plans and specifications and other
architectural and engineering drawings for the Wells Affiliate Lands and Wells Affiliate Improvements; (ii) all assignable warranties or guaranties given or made in respect of the Wells Affiliate Improvements or Wells Affiliate Personal Property;
(iii) all transferable consents, authorizations, variances or waivers, licenses, permits and approvals from any governmental or quasi-governmental agency, department, board, commission, bureau or other entity or instrumentality solely in respect of
the Wells Affiliate Lands or Wells Affiliate Improvements; and (iv) all of the right, title and interest of each applicable Wells Affiliate in and to all assignable Service Contracts with respect to the Wells Affiliate Properties owned by each such
Wells Affiliate that Purchaser agrees to assume (or is deemed to have agreed to assume). 
  
 “Wells Affiliate Lands” shall mean those certain tracts or parcels of real property which are more particularly identified on EXHIBIT “A-2” attached hereto as the
Alstom Power Property, the AmeriCredit Property, the Bank of America Property, the Daimler Chrysler Property, the Dana (Farmington Hills) Property, the AT&T (OK) Property, the Dana (Kalamazoo) Property, the EDS Property, the Gartner Office
Building Property and the John Wiley Property, together with all rights, privileges and easements appurtenant to each of said real properties, and all right, title and interest, if any, of each applicable Wells Affiliate in and to any land lying in
the bed of any street, road, alley or right-of-way, open or closed, adjacent to or abutting the Wells Affiliate Land owned by such Wells Affiliate. 
  
 “Wells Affiliate Personal Property” shall mean all furniture (including common area furnishings and interior landscaping items),
carpeting, draperies, appliances, personal property (excluding the computer software which either is licensed to a Wells Affiliate or which such Wells Affiliate deems proprietary [a listing of such excluded computer software being set forth on
EXHIBIT “W” attached hereto and made a part hereof]), machinery, apparatus and equipment owned by each Wells Affiliate and currently used exclusively in the operation, repair and maintenance of the Wells Affiliate
Land and Wells Affiliate Improvements owned by such Wells Affiliate and situated thereon, including, without limitation, those specific items of personal property (if any) more particularly described on EXHIBIT “B”
attached hereto and made a part hereof, and all non-confidential books, records and files (excluding any appraisals, budgets, strategic plans for the Wells Affiliate Properties, internal analyses, information regarding the marketing of the Wells
Affiliate Properties for sale, submissions relating to obtaining of corporate authorization for any Wells Affiliate, attorney and accountant work product, attorney-client privileged documents, or other similar information in the possession or
control of any Wells Affiliate or any Wells Affiliate property manager which such Wells Affiliate reasonably deems proprietary) relating to the Wells Affiliate Lands and Wells Affiliate Improvements owned by each applicable Wells Affiliate;
provided, however, the property described on EXHIBIT “B-2” attached hereto and made a part hereof is expressly excluded from the definition of Wells Affiliate Personal Property. The Wells Affiliate Personal Property
does not include any property owned by tenants, contractors or licensees, and shall be conveyed by each applicable Wells Affiliate to Purchaser subject to depletions, replacements and additions in the ordinary course of such Wells
Affiliate’s business. 
  

 27 

 “Wells Affiliate Property” shall mean and refer to any Wells Affiliate Land, together
with the items set forth in Section 2.1(b), (c), (d) and (e) hereof with respect to such Wells Affiliate Land. 
  
 “Wells Affiliate Properties” shall have the meaning ascribed thereto in Section 2.1 hereof. 
  
 “Wells Brea” shall mean Wells Brea I, L.P., a Delaware
limited partnership. 
  
 “Wells Brea
Improvements” shall mean all buildings, structures and improvements now or on the Closing Date situated on the Wells Brea Land, including, without limitation, all parking areas and facilities, improvements and fixtures located on such Wells
Brea Land. 
  
 “Wells Brea Intangible Property”
shall mean all intangible property, if any, owned by Wells Brea and related to the Wells Brea Land identified on EXHIBIT “A-2” as the Bank of America Property and to the Wells Brea Improvements located on the Wells
Brea Land, including, without limitation, the rights and interests, if any, in and to the following (to the extent assignable): (i) all assignable plans and specifications and other architectural and engineering plans for such Wells Brea Land and
the Wells Brea Improvements located thereon; (ii) all assignable warranties or guaranties given or made in respect of the Wells Brea Improvements or Wells Brea Personal Property; (iii) all transferable consents, authorizations, variances or waivers,
licenses, permits and approvals from any governmental or quasi-governmental agency, department, board, commission, bureau or other entity or instrumentality solely in respect of the Wells Brea Land or Wells Brea Improvements located thereon; and
(iv) all of the right, title and interest of Wells Brea in and to all assignable Service Contracts with respect to the Wells Brea Property that Purchaser agrees to assume (or is deemed to have agreed to assume). 
  
 “Wells Brea Land” shall mean those certain tracts or parcels
of real property more particularly described on EXHIBIT “A-2” attached hereto and made a part hereof as the Bank of America Property. 
  
 “Wells Brea Personal Property” shall mean all furniture (including common area furnishings and interior
landscaping items), carpeting, draperies, appliances, personal property (excluding the computer software which is either licensed to Wells Brea or which such Wells Affiliate deems proprietary [a listing of such excluded computer software being set
forth on EXHIBIT “W” attached hereto and made a part hereof]), machinery, apparatus and equipment owned by such Wells Affiliate and currently used exclusively in the operation, repair and maintenance of the Wells Brea
Land and Wells Brea Improvements and owned by such Wells Affiliate and situated thereon, including, without limitation, those specific items of personal property (if any) more particularly described on EXHIBIT
“B” attached hereto and made a part hereof, and all non-confidential books, records and files (excluding any appraisals, budgets, strategic plans for such Wells Brea Property, internal analyses, information regarding the marketing
of the Wells Brea Property for sale, submissions relating to obtaining of corporate authorization for Wells Brea, attorney and accountant work product, attorney-client privileged documents, or other similar information in the possession or control
of Wells Brea or any third party property manager which such Wells Affiliate reasonably deems proprietary) relating to the 

  

 28 

 
Wells Brea Land and Wells Brea Improvements; provided, however, the property described on EXHIBIT “B-2” attached hereto and
made a part hereof is expressly excluded from the definition of Wells Brea Personal Property. The Wells Brea Personal Property does not include any property owned by tenants, contractors or licensees, and shall be conveyed by Wells Brea to
Purchaser subject to depletions, replacements and additions in the ordinary course of Wells Brea’s business. 
  
 “Wells Brea Property” shall mean and refer to the Wells Brea Land, together with the items set forth in Sections 2.1(b),
(c), (d) and (e) with respect to the Wells Brea Land. 
  
 “Wells EDS” shall mean Wells - EDS Des Moines, L.P., a Texas limited partnership. 
  
 “Wells EDS Improvements” shall mean all buildings, structures and improvements now or on the Closing Date situated on the Wells EDS Land,
including, without limitation, all parking areas and facilities, improvements and fixtures located on such Wells EDS Land. 
  
 “Wells EDS Intangible Property” shall mean all intangible property, if any, owned by Wells EDS and related to the Wells EDS Land
identified on EXHIBIT “A-2” as the EDS Property and to the Wells EDS Improvements located on the Wells EDS Land, including, without limitation, the rights and interests, if any, in and to the following (to the extent
assignable): (i) all assignable plans and specifications and other architectural and engineering plans for such Wells EDS Land and the Wells EDS Improvements located thereon; (ii) all assignable warranties or guaranties given or made in respect of
the Wells EDS Improvements or Wells EDS Personal Property; (iii) all transferable consents, authorizations, variances or waivers, licenses, permits and approvals from any governmental or quasi-governmental agency, department, board, commission,
bureau or other entity or instrumentality solely in respect of the Wells EDS Land or Wells EDS Improvements located thereon; and (iv) all of the right, title and interest of Wells EDS in and to all assignable Service Contracts with respect to the
Wells EDS Property that Purchaser agrees to assume (or is deemed to have agreed to assume). 
  
 “Wells EDS Land” shall mean those certain tracts or parcels of real property more particularly described on EXHIBIT “A-2” attached hereto and made a part hereof as the
EDS Property. 
  
 “Wells EDS Personal Property”
shall mean all furniture (including common area furnishings and interior landscaping items), carpeting, draperies, appliances, personal property (excluding the computer software which is either licensed to Wells EDS or which such Wells Affiliate
deems proprietary [a listing of such excluded computer software being set forth on EXHIBIT “W” attached hereto and made a part hereof]), machinery, apparatus and equipment owned by such Wells Affiliate and currently
used exclusively in the operation, repair and maintenance of the Wells EDS Land and Wells EDS Improvements and owned by such Wells Affiliate and situated thereon, including, without limitation, those specific items of personal property (if any) more
particularly described on EXHIBIT “B” attached hereto and made a part hereof, and all non-confidential books, records and files (excluding any appraisals, budgets, strategic plans for such Wells
EDS Property, internal analyses, information regarding the marketing of the Wells EDS Property for sale, submissions relating to obtaining of corporate 

  

 29 

 
authorization for Wells EDS, attorney and accountant work product, attorney-client privileged documents, or other similar information in the possession or
control of Wells EDS or any third party property manager which such Wells Affiliate reasonably deems proprietary) relating to the Wells EDS Land and Wells EDS Improvements; provided, however, the property described on EXHIBIT
“B-2” attached hereto and made a part hereof is expressly excluded from the definition of Wells EDS Personal Property. The Wells EDS Personal Property does not include any property owned by tenants, contractors or licensees, and
shall be conveyed by Wells EDS to Purchaser subject to depletions, replacements and additions in the ordinary course of Wells EDS’s business. 
  
 “Wells EDS Property” shall mean and refer to the Wells EDS Land, together with the items set forth in Section 2.1(b), (c),
(d) and (e) with respect to the Wells EDS Land. 
  
 “Wells Farmington Hills” shall mean Danacq Farmington Hills LLC, a Delaware limited liability company. 
  
 “Wells Farmington Hills Improvements” shall mean all buildings, structures and improvements now or on the Closing Date situated on the
Wells Farmington Hills Land, including, without limitation, all parking areas and facilities, improvements and fixtures located on such Wells Farmington Hills Land. 
  
 “Wells Farmington Hills Intangible Property” shall mean all intangible property, if any, owned by Wells
Farmington Hills and related to the Wells Farmington Hills Land identified on EXHIBIT “A-2” as the Dana (Farmington Hills) Property and to the Wells Farmington Hills Improvements located on the Wells Farmington Hills
Land, including, without limitation, the rights and interests, if any, in and to the following (to the extent assignable): (i) all assignable plans and specifications and other architectural and engineering plans for such Wells Farmington Hills Land
and the Wells Farmington Hills Improvements located thereon; (ii) all assignable warranties or guaranties given or made in respect of the Wells Farmington Hills Improvements or Wells Farmington Hills Personal Property; (iii) all transferable
consents, authorizations, variances or waivers, licenses, permits and approvals from any governmental or quasi-governmental agency, department, board, commission, bureau or other entity or instrumentality solely in respect of the Wells Farmington
Hills Land or Wells Farmington Hills Improvements located thereon; and (iv) all of the right, title and interest of Wells Farmington Hills in and to all assignable Service Contracts with respect to the Wells Farmington Hills Property that Purchaser
agrees to assume (or is deemed to have agreed to assume). 
  
 “Wells Farmington Hills Land” shall mean that certain tract or parcel of real property more particularly described on EXHIBIT “A-2” attached hereto and made a part
hereof as the Dana (Farmington Hills) Property. 
  
 “Wells
Farmington Hills Personal Property” shall mean all furniture (including common area furnishings and interior landscaping items), carpeting, draperies, appliances, personal property (excluding the computer software which is either licensed
to Wells Farmington Hills or which such Wells Affiliate deems proprietary [a listing of such excluded computer software being set forth on EXHIBIT “W” attached hereto and made a part hereof]), machinery, 

  

 30 

 
apparatus and equipment owned by such Wells Affiliate and currently used exclusively in the operation, repair and maintenance of the Wells Farmington Hills
Land and Wells Farmington Hills Improvements and owned by such Wells Affiliate and situated thereon, including, without limitation, those specific items of personal property (if any) more particularly described on EXHIBIT
“B” attached hereto and made a part hereof, and all non-confidential books, records and files (excluding any appraisals, budgets, strategic plans for such Wells Farmington Hills Property, internal analyses, information regarding the
marketing of the Wells Farmington Hills Property for sale, submissions relating to obtaining of corporate authorization for Wells Farmington Hills, attorney and accountant work product, attorney-client privileged documents, or other similar
information in the possession or control of Wells Farmington Hills or any third party property manager which such Wells Affiliate reasonably deems proprietary) relating to the Wells Farmington Hills Land and Wells Farmington Hills Improvements;
provided, however, the property described on EXHIBIT “B-2” attached hereto and made a part hereof is expressly excluded from the definition of Wells Farmington Hills Personal Property. The Wells Farmington Hills
Personal Property does not include any property owned by tenants, contractors or licensees, and shall be conveyed by Wells Farmington Hills to Purchaser subject to depletions, replacements and additions in the ordinary course of Wells
Farmington Hills’ business. 
  
 “Wells Farmington
Hills Property” shall mean and refer to the Wells Farmington Hills Land, together with the items set forth in Sections 2.1(b), (c), (d) and (e) with respect to the Wells Farmington Hills Land. 
  
 “Wells Fund XII - REIT JV” shall mean Wells Fund XII - REIT
Joint Venture Partnership, a Georgia general partnership. 
  
 “Wells Fund XII - REIT JV Improvements” shall mean all buildings, structures and improvements now or on the Closing Date situated on the applicable Wells Fund XII - REIT JV Land including, without limitation, all parking
areas and facilities, improvements and fixtures located on such Wells Fund XII - REIT JV Land. 
  
 “Wells Fund XII - REIT JV Intangible Property” shall mean all intangible property, if any, owned by Wells XII - REIT JV and related to the Wells Fund XII - REIT JV Land identified on
EXHIBIT “A-2” as the AT&T (OK) Property and to the Wells Fund XII - REIT JV Improvements located on the AT&T (OK) Property, including, without limitation, the rights and interests, if any, in and to the
following (to the extent assignable): (i) all assignable plans and specifications and other architectural and engineering plans for such Wells Fund XII - REIT JV Land and the Wells Fund XII - REIT JV Improvements located on such land; (ii) all
assignable warranties or guaranties given or made in respect of the Wells Fund XII - REIT JV Improvements or Wells Fund XII - REIT JV Personal Property; (iii) all transferable consents, authorizations, variances or waivers, licenses, permits and
approvals from any governmental or quasi-governmental agency, department, board, commission, bureau or other entity or instrumentality solely in respect of such Wells Fund XII - REIT JV Land or Wells Fund XII - JV Improvements located thereon; and
(iv) all of the right, title and interest of Wells Funds XII - REIT JV in and to all assignable Service Contracts with respect to the Wells Fund XII - REIT JV Property that Purchaser agrees to assume (or is deemed to have agreed to assume).

  

 31 

 “Wells Fund XII - REIT JV Land” shall mean that certain tract or parcel of real property
more particularly described on EXHIBIT “A-2” attached hereto and made a part hereof as the AT&T (OK) Property. 
  
 “Wells Fund XII - REIT JV Personal Property” shall mean all furniture (including common area furnishings
and interior landscaping items), carpeting, draperies, appliances, personal property (excluding the computer software which is either licensed to Wells Fund XII - REIT JV or which such Wells Affiliate deems proprietary [a listing of such excluded
computer software being set forth on EXHIBIT “W” attached hereto and made a part hereof]), machinery, apparatus and equipment owned by such Wells Affiliate and currently used exclusively in the operation, repair and
maintenance of the Wells Fund XII - REIT JV Land and Wells Fund XII - REIT JV Improvements and owned by such Wells Affiliate and situated thereon, including, without limitation, those specific items of personal property (if any) more particularly
described on EXHIBIT “B” attached hereto and made a part hereof, and all non-confidential books, records and files (excluding any appraisals, budgets, strategic plans for the Wells Fund XII - REIT JV Property,
internal analyses, information regarding the marketing of the Wells Fund XII - REIT JV Property for sale, submissions relating to obtaining of corporate authorization for Wells Fund XII - REIT JV, attorney and accountant work product,
attorney-client privileged documents, or other similar information in the possession or control of Wells Fund XII - REIT JV or any third party property manager which such Wells Affiliate reasonably deems proprietary) relating to the Wells Fund XII -
REIT JV Land and Wells Fund XII - REIT JV Improvements; provided, however, the property described on EXHIBIT “B-2” attached hereto and made a part hereof is expressly excluded from the definition of Wells Fund XII -
REIT JV Personal Property. The Wells Fund XII - REIT JV Personal Property does not include any property owned by tenants, contractors or licensees, and shall be conveyed by Wells Fund XII - REIT JV to Purchaser subject to depletions,
replacements and additions in the ordinary course of Wells XII - REIT JV’s business. 
  
 “Wells Fund XII - REIT JV Property” shall mean and refer to the Wells Fund XII - REIT JV Land, together with the items set forth in Sections 2.1(b), (c), (d) and (e) with
respect to the Wells Fund XII - REIT JV Land. 
  
 “Wells
Fund XIII - REIT JV” shall mean Wells Fund XIII - REIT Joint Venture Partnership, a Georgia general partnership. 
  
 “Wells Fund XIII - REIT JV Improvements” shall mean all buildings, structures and improvements now or on the Closing Date situated,
respectively, on the applicable Wells Fund XIII - REIT JV Lands, including, without limitation, all parking areas and facilities, improvements and fixtures located on such Wells Fund XIII - REIT JV Lands. 
  
 “Wells Fund XIII - REIT JV Intangible Property” shall mean
all intangible property, if any, owned by Wells XIII - REIT JV and related, respectively, to the Wells Fund XIII - REIT JV Land identified on EXHIBIT “A-2” as the Americredit Property and the John Wiley Property and
to the Wells Fund XIII - REIT JV Improvements located respectively on the Americredit Property and the John Wiley Property, including, without limitation, the rights and interests, if any, in and to the following (to the extent assignable): (i) all
assignable plans and specifications 

  

 32 

 
and other architectural and engineering plans for such Wells Fund XIII - REIT JV Land and the Wells Fund XIII - REIT JV Improvements located on such land;
(ii) all assignable warranties or guaranties given or made in respect of the applicable Wells Fund XIII - REIT JV Improvements or Wells Fund XIII - REIT JV Personal Property; (iii) all transferable consents, authorizations, variances or waivers,
licenses, permits and approvals from any governmental or quasi-governmental agency, department, board, commission, bureau or other entity or instrumentality solely in respect of such Wells Fund XIII - REIT JV Lands or Wells Fund XIII - JV
Improvements located thereon; and (iv) all of the right, title and interest of Wells Funds XIII - REIT JV in and to all assignable Service Contracts with respect to each of such Wells Fund XIII - REIT JV Properties owned by Wells Fund XIII - REIT JV
that Purchaser agrees to assume (or is deemed to have agreed to assume). 
  
 “Wells Fund XIII - REIT JV Land” and “Wells Fund XIII - REIT JV Lands” shall mean those certain tracts or parcels of real property more particularly and respectively described on
EXHIBIT “A-2” attached hereto and made a part hereof as the Americredit Property and the John Wiley Property. 
  
 “Wells Fund XIII - REIT JV Personal Property” shall mean all furniture (including common area furnishings and interior landscaping
items), carpeting, draperies, appliances, personal property (excluding the computer software which is either licensed to Wells Fund XIII - REIT JV or which such Wells Affiliate deems proprietary [a listing of such excluded computer software being
set forth on EXHIBIT “W” attached hereto and made a part hereof]), machinery, apparatus and equipment owned by such Wells Affiliate and currently used exclusively in the operation, repair and maintenance of either of
the Wells Fund XIII - REIT JV Lands and Wells Fund XIII - REIT JV Improvements and owned by such Wells Affiliate and situated thereon, including, without limitation, those specific items of personal property (if any) more particularly described on
EXHIBIT “B” attached hereto and made a part hereof, and all non-confidential books, records and files (excluding any appraisals, budgets, strategic plans for such Wells Fund XIII - REIT JV Properties, internal
analyses, information regarding the marketing of the Wells Fund XIII - REIT JV Properties for sale, submissions relating to obtaining of corporate authorization for Wells Fund XIII - REIT JV, attorney and accountant work product, attorney-client
privileged documents, or other similar information in the possession or control of Wells Fund XIII - REIT JV or any third party property manager which such Wells Affiliate reasonably deems proprietary) relating to the Wells Fund XIII - REIT JV Lands
and Wells Fund XIII - REIT JV Improvements; provided, however, the property described on EXHIBIT “B-2” attached hereto and made a part hereof is expressly excluded from the definition of Wells Fund XIII - REIT JV
Personal Property. The Wells Fund XIII - REIT JV Personal Property does not include any property owned by tenants, contractors or licensees, and shall be conveyed by Wells Fund XIII - REIT JV to Purchaser subject to depletions, replacements
and additions in the ordinary course of Wells XIII - REIT JV’s business. 
  
 “Wells Fund XIII - REIT JV Property” shall mean and refer to the Wells Fund XIII - REIT JV Lands, together with the items set forth in Sections 2.1(b), (c), (d) and (e)
with respect to such Wells Fund XIII - REIT JV Land. 
  

 33 

 “Wells Funds XI and XII REIT JV” shall mean The Wells Funds XI - Fund XII - REIT Joint
Venture Partnership, a Georgia general partnership. 
  
 “Wells Funds XI and XII REIT JV Improvements” shall mean all buildings, structures and improvements now or on the Closing Date situated on the Wells Funds XI and XII REIT JV Land, including, without limitation, all parking
areas and facilities, improvements and fixtures located on such Wells Funds XI and XII REIT JV Land. 
  
 “Wells Funds XI and XII REIT JV Intangible Property” shall mean all intangible property, if any, owned by Wells Funds XI and XII REIT JV
and related to the Wells Funds XI and XII REIT JV Land identified on EXHIBIT “A-2” as the Gartner Property and to the Wells Funds XI and XII REIT JV Improvements located on the Wells Funds XI and XII REIT JV Land,
including, without limitation, the rights and interests, if any, in and to the following (to the extent assignable) (i) all assignable plans and specifications and other architectural and engineering plans for such Wells Funds XI and XII REIT JV
Land and the Wells Funds XI and XII REIT JV Improvements located thereon; (ii) all assignable warranties or guaranties given or made in respect of the Wells Funds XI and XII REIT JV Improvements or Wells Funds XI and XII REIT JV Personal Property;
(iii) all transferable consents, authorizations, variances or waivers, licenses, permits and approvals from any governmental or quasi-governmental agency, department, board, commission, bureau or other entity or instrumentality solely in respect of
the Wells Funds XI and XII REIT JV Land or Wells Funds XI and XII REIT JV Improvements located thereon; and (iv) all of the right, title and interest of Wells Funds XI and XII REIT JV in and to all assignable Service Contracts with respect to the
Wells Funds XI and XII REIT JV Property that Purchaser agrees to assume (or is deemed to have agreed to assume). 
  
 “Wells Funds XI and XII REIT JV Land” shall mean those certain tracts or parcels of real property more particularly described on
EXHIBIT “A-2” attached hereto and made a part hereof as the Gartner Property. 
  
 “Wells Funds XI and XII REIT JV Personal Property” shall mean all furniture (including common area furnishings and interior landscaping
items), carpeting, draperies, appliances, personal property (excluding the computer software which is either licensed to Wells Funds XI and XII REIT JV or which such Wells Affiliate deems proprietary [a listing of such excluded computer software
being set forth on EXHIBIT “W” attached hereto and made a part hereof]), machinery, apparatus and equipment owned by such Wells Affiliate and currently used exclusively in the operation, repair and maintenance of the
Wells Funds XI and XII REIT JV Land and Wells Funds XI and XII REIT JV Improvements and owned by such Wells Affiliate and situated thereon, including, without limitation, those specific items of personal property (if any) more particularly described
on EXHIBIT “B” attached hereto and made a part hereof, and all non-confidential books, records and files (excluding any appraisals, budgets, strategic plans for such Wells Funds XI and XII REIT JV Property, internal
analyses, information regarding the marketing of the Wells Funds XI and XII REIT JV Property for sale, submissions relating to obtaining of corporate authorization for Wells Funds XI and XII REIT JV, attorney and accountant work product,
attorney-client privileged documents, or other similar information in the possession or control of Wells Funds XI and XII REIT JV or any third party property manager which such Wells Affiliate reasonably deems proprietary) relating to the Wells
Funds 

  

 34 

 
XI and XII REIT JV Land and Wells Funds XI and XII REIT JV Improvements; provided, however, the property described on EXHIBIT
“B-2” attached hereto and made a part hereof is expressly excluded from the definition of Wells Funds XI and XII REIT JV Personal Property. The Wells Funds XI and XII REIT JV Personal Property does not include any property owned
by tenants, contractors or licensees, and shall be conveyed by Wells Funds XI and XII REIT JV to Purchaser subject to depletions, replacements and additions in the ordinary course of Wells Funds XI and XII REIT JV’s business. 
  
 “Wells Funds XI and XII REIT JV Property” shall mean and
refer to the Wells Funds XI and XII REIT JV Land, together with the items set forth in Sections 2.1(b), (c), (d) and (e) with respect to the Wells Funds XI and XII REIT JV Land. 
  
 “Wells Kalamazoo” shall mean Danacq Kalamazoo LLC, a
Delaware limited liability company. 
  
 “Wells Kalamazoo
Improvements” shall mean all buildings, structures and improvements now or on the Closing Date situated on the Wells Kalamazoo Land, including, without limitation, all parking areas and facilities, improvements and fixtures located on such
Wells Kalamazoo Land. 
  
 “Wells Kalamazoo Intangible
Property” shall mean all intangible property, if any, owned by Wells Kalamazoo and related to the Wells Kalamazoo Land identified on EXHIBIT “A-2” as the Dana (Kalamazoo) Property and to the Wells Kalamazoo
Improvements located on the Wells Kalamazoo Land, including, without limitation, the rights and interests, if any, in and to the following (to the extent assignable): (i) all assignable plans and specifications and other architectural and
engineering plans for such Wells Kalamazoo Land and the Wells Kalamazoo Improvements located thereon; (ii) all assignable warranties or guaranties given or made in respect of the Wells Kalamazoo Improvements or Wells Kalamazoo Personal Property;
(iii) all transferable consents, authorizations, variances or waivers, licenses, permits and approvals from any governmental or quasi-governmental agency, department, board, commission, bureau or other entity or instrumentality solely in respect of
the Wells Kalamazoo Land or Wells Kalamazoo Improvements located thereon; and (iv) all of the right, title and interest of Wells Kalamazoo in and to all assignable Service Contracts with respect to the Wells Kalamazoo Property that Purchaser agrees
to assume (or is deemed to have agreed to assume). 
  
 “Wells Kalamazoo Land” shall mean that certain tract or parcel of real property more particularly described on EXHIBIT “A-2” attached hereto and made a part hereof as the Dana (Kalamazoo)
Property. 
  
 “Wells Kalamazoo Personal Property”
shall mean all furniture (including common area furnishings and interior landscaping items), carpeting, draperies, appliances, personal property (excluding the computer software which is either licensed to Wells Kalamazoo or which such Wells
Affiliate deems proprietary [a listing of such excluded computer software being set forth on EXHIBIT “W” attached hereto and made a part hereof]), machinery, apparatus and equipment owned by such
Wells Affiliate and currently used exclusively in the operation, repair and maintenance of the Wells Kalamazoo Land and Wells Kalamazoo Improvements and owned 

  

 35 

 
by such Wells Affiliate and situated thereon, including, without limitation, those specific items of personal property (if any) more particularly described
on EXHIBIT “B” attached hereto and made a part hereof, and all non-confidential books, records and files (excluding any appraisals, budgets, strategic plans for such Wells Kalamazoo Property, internal analyses,
information regarding the marketing of the Wells Kalamazoo Property for sale, submissions relating to obtaining of corporate authorization for Wells Kalamazoo, attorney and accountant work product, attorney-client privileged documents, or other
similar information in the possession or control of Wells Kalamazoo or any third party property manager which such Wells Affiliate reasonably deems proprietary) relating to the Wells Kalamazoo Land and Wells Kalamazoo Improvements; provided,
however, the property described on EXHIBIT “B-2” attached hereto and made a part hereof is expressly excluded from the definition of Wells Kalamazoo Personal Property. The Wells Kalamazoo Personal Property does not
include any property owned by tenants, contractors or licensees, and shall be conveyed by Wells Kalamazoo to Purchaser subject to depletions, replacements and additions in the ordinary course of Wells Kalamazoo’s business. 
  
 “Wells Kalamazoo Property” shall mean and refer to the Wells
Kalamazoo Land, together with the items set forth in Sections 2.1(b), (c), (d) and (e) with respect to the Wells Kalamazoo Land. 
  
 “Wells OP” shall mean Wells Operating Partnership, L.P., a Delaware limited partnership. 
  
 “Wells OP Ground Lease” and “Wells OP Ground
Leases” shall mean each and any one or more of the ASML Sub-Ground Lease, the Ingram Micro Bond Lease and the ISS Bond Lease and all amendments and modifications thereto. 
  
 “Wells OP Ground Lease Land” and “Wells OP Ground Lease Lands” shall mean any one or more
of those certain tracts or parcels of real property more particularly described on EXHIBIT “A-3” attached hereto and made a part hereof as the ASML Property in Maricopa County, Arizona, the Ingram Micro Property in
Shelby County, Tennessee, and the ISS Property in Atlanta, Fulton County, Georgia. 
  
 “Wells OP Improvements” shall mean all buildings, structures and improvements now or on the Closing Date situated on the applicable Wells OP Land, including without limitation, all parking areas and
facilities, improvements and fixtures located on each applicable Wells OP Land. 
  
 “Wells OP Intangible Property” shall mean all intangible property, if any, owned by Wells OP and related to each applicable Wells OP Property, including without limitation, the rights and interests,
if any, of Wells OP in and to the following (to the extent assignable): (i) all assignable plans and specifications and other architectural and engineering drawings for the Wells OP Improvements located on the applicable Wells OP Land; (ii) all
assignable warranties or guaranties given or made in respect of such Wells OP Improvements or Wells OP Personal Property; (iii) all transferable consents, authorizations, variances or waivers, licenses, permits and approvals from any governmental or
quasi-governmental agency, department, board, 

  

 36 

 
commission, bureau or other entity or instrumentality solely in respect of the applicable Wells OP Lands; and (iv) all of the right, title and interest of
Wells OP in and to all assignable Service Contracts with respect to the applicable Wells OP Land to which such Service Contracts relate and that Purchaser agrees to assume (or is deemed to have agreed to assume). 
  
 “Wells OP Lands” shall mean all those certain tracts or
parcels of real property which are more particularly identified on EXHIBIT “A-1” attached hereto as the Allstate Property in Decatur Township, Marion County, Indiana, the AT&T (PA) Property
in Susquehanna Township, Dauphin County, Pennsylvania, the Capital One Property in Henrico County, Virginia, the Dial Corporation Property, in Maricopa County, Arizona, the Experian Property in Collin County, Texas, the Gartner Surface Parking
Property in Lee County, Florida, the IKON Property in Harris County, Texas, the Kerr McGee Property in Harris County, Texas, the Kraft Foods Property in Forsyth County, Georgia, the Lucent Property in Wake County, North Carolina, the Metris Property
in Tulsa County, Oklahoma, the Nissan Property in the City of Irving, Dallas County, Texas, the Pacificare Property in Bexar County, Texas, the Transocean Property in Harris County, Texas, and the Travelers Express Property in Jefferson County,
Colorado, and the Wells OP Leasehold Interests in those certain tracts or parcels of land more particularly described on the attached EXHIBIT “A-3” as the ASML Property in Maricopa County, Arizona, the Ingram Micro
Property in Shelby County, Tennessee, and the ISS Property in Atlanta, Fulton County, Georgia, together with all rights, privileges and easements appurtenant to each of said real properties or leasehold estates, and all right, title and interest, if
any, of Wells OP in and to any land lying in the bed of any street, road, alley or right-of-way, open or closed, adjacent to or abutting each applicable Wells OP Land. 
  
 “Wells OP Leasehold Interests” shall mean the interests of the “lessee” existing under and by
virtue of the ASML Sub-Ground Lease, the Ingram Micro Bond Lease and the ISS Bond Lease. 
  
 “Wells OP Personal Property” shall mean all furniture (including common area furnishings and interior landscaping items), carpeting, draperies, appliances, personal property (excluding the computer
software which either is licensed to Wells OP or which Wells OP deems proprietary [a listing of such excluded computer software being set forth on EXHIBIT “W” attached hereto and made a part hereof]), machinery,
apparatus and equipment owned by Wells OP and currently used exclusively in the operation, repair and maintenance of the applicable Wells OP Land and Wells OP Improvements and situated thereon, including, without limitation, those specific items of
personal property (if any) more particularly described on EXHIBIT “B” attached hereto and made a part hereof, and all non-confidential books, records and files (excluding any appraisals, budgets, strategic plans for
the Wells OP Properties, internal analyses, information regarding the marketing of the Wells OP Properties for sale, submissions relating to Wells OP’s obtaining of corporate authorization, attorney and accountant work product, attorney-client
privileged documents, or other similar information in the possession or control of Wells OP or Wells OP’s property managers which Wells OP reasonably deems proprietary) relating to the Wells OP Land and Wells OP Improvements or Wells OP
Leasehold Estates; provided, however, the property described on EXHIBIT “B-1” attached hereto and made a part hereof is expressly excluded from the definition of Wells OP Personal Property. The Wells OP Personal
Property does not include any property owned by tenants, contractors or licensees, and shall be conveyed by Wells OP to Purchaser subject to depletions, replacements and additions in the ordinary course of Wells OP’s business.

  

 37 

 “Wells OP Property” shall mean and refer to (x) the Wells OP Lands, together with the
items set forth in Section 2.2(b), (d), (e) and (f) hereof with respect to each such Wells OP Land, or (y) Wells OP Ground Lease Land and the interest of Wells OP under the Wells OP Ground Leases together with all the
rights of Wells OP under and pursuant to the Ingram Micro Bond Lease and the ISS Bond Lease to purchase the fee simple title to the Land and Improvements subject to each of said Wells OP Ground Leases, together with the items set forth in Section
2.2(e) and (f) hereof with respect to the Wells OP Ground Lease Land. 
  
 “Wells OP Properties” shall have the meaning ascribed thereto in Section 2.2 hereof. 
  
 “Wells Virginia REIT” shall mean Wells REIT, LLC, VA I, a Georgia limited liability company. 
  
 “Wells Virginia REIT Improvements” shall mean all buildings,
structures and improvements now or on the Closing Date situated on the Wells Virginia REIT Land, including, without limitation, all parking areas and facilities, improvements and fixtures located on such Wells Virginia REIT Land. 
  
 “Wells Virginia REIT Intangible Property” shall mean all
intangible property, if any, owned by Wells Virginia REIT and related to the Wells Virginia REIT Land identified on EXHIBIT “A-2” as the Alstom Power Property and to the Wells Virginia REIT Improvements located on the
Wells Virginia REIT Land, including, without limitation, the rights and interests, if any, in and to the following (to the extent assignable): (i) all assignable plans and specifications and other architectural and engineering plans for such Wells
Virginia REIT Land and the Wells Virginia REIT Improvements located thereon; (ii) all assignable warranties or guaranties given or made in respect of the Wells Virginia REIT Improvements or Wells Virginia REIT Personal Property; (iii) all
transferable consents, authorizations, variances or waivers, licenses, permits and approvals from any governmental or quasi-governmental agency, department, board, commission, bureau or other entity or instrumentality solely in respect of the Wells
Virginia REIT Land or Wells Virginia REIT Improvements located thereon; and (iv) all of the right, title and interest of Wells Virginia REIT in and to all assignable Service Contracts with respect to the Wells Virginia REIT Property that Purchaser
agrees to assume (or is deemed to have agreed to assume). 
  
 “Wells Virginia REIT Land” shall mean that certain tract or parcel of real property more particularly described on EXHIBIT “A-2” attached hereto and made a part hereof as the Alstom Power
Property. 
  
 “Wells Virginia REIT Personal
Property” shall mean all furniture (including common area furnishings and interior landscaping items), carpeting, draperies, appliances, personal property (excluding the computer software which is either licensed to Wells Virginia REIT or
which such Wells Affiliate deems proprietary [a listing of such excluded computer software being set forth on EXHIBIT “W” attached hereto and made a part hereof]), machinery, apparatus 

  

 38 

 
and equipment owned by such Wells Affiliate and currently used exclusively in the operation, repair and maintenance of the Wells Virginia REIT Land and Wells
Virginia REIT Improvements and owned by such Wells Affiliate and situated thereon, including, without limitation, those specific items of personal property (if any) more particularly described on EXHIBIT “B” attached
hereto and made a part hereof, and all non-confidential books, records and files (excluding any appraisals, budgets, strategic plans for such Wells Virginia REIT Property, internal analyses, information regarding the marketing of the Wells Virginia
REIT Property for sale, submissions relating to obtaining of corporate authorization for Wells Virginia REIT, attorney and accountant work product, attorney-client privileged documents, or other similar information in the possession or control of
Wells Virginia REIT or any third party property manager which such Wells Affiliate reasonably deems proprietary) relating to the Wells Virginia REIT Land and Wells Virginia REIT Improvements; provided, however, the property described on
EXHIBIT “B-2” attached hereto and made a part hereof is expressly excluded from the definition of Wells Virginia REIT Personal Property. The Wells Virginia REIT Personal Property does not include any property
owned by tenants, contractors or licensees, and shall be conveyed by Wells Virginia REIT to Purchaser subject to depletions, replacements and additions in the ordinary course of Wells Virginia REIT’s business. 
  
 “Wells Virginia REIT Property” shall mean and refer to the
Wells Virginia REIT Land, together with the items set forth in Sections 2.1(b), (c), (d) and (e) with respect to the Wells Virginia REIT Land. 
  
 “Wells Westlake” shall mean Westlake Wells, L.P., a Texas limited partnership. 
  
 “Wells Westlake Improvements” shall mean all buildings,
structures and improvements now or on the Closing Date situated on the Wells Westlake Land, including, without limitation, all parking areas and facilities, improvements and fixtures located on such Wells Westlake Land. 
  
 “Wells Westlake Intangible Property” shall mean all
intangible property, if any, owned by Wells Westlake and related to the Wells Westlake Land identified on EXHIBIT “A-2” as the Daimler Chrysler Property and to the Wells Westlake Improvements located on the Wells
Westlake Land, including, without limitation, the rights and interests, if any, in and to the following (to the extent assignable): (i) all assignable plans and specifications and other architectural and engineering plans for such Wells Westlake
Land and the Wells Westlake Improvements located thereon; (ii) all assignable warranties or guaranties given or made in respect of the Wells Westlake Improvements or Wells Westlake Personal Property; (iii) all transferable consents, authorizations,
variances or waivers, licenses, permits and approvals from any governmental or quasi-governmental agency, department, board, commission, bureau or other entity or instrumentality solely in respect of the Wells Westlake Land or Wells Westlake
Improvements located thereon; and (iv) all of the right, title and interest of Wells Westlake in and to all assignable Service Contracts with respect to the Wells Westlake Property that Purchaser agrees to assume (or is deemed to have agreed to
assume). 
  
 “Wells Westlake Land” shall mean
those certain tracts or parcels of real property more particularly described on EXHIBIT “A-2” attached hereto and made a part hereof as the Daimler Chrysler Property. 
  

 39 

 “Wells Westlake Personal Property” shall mean all furniture (including common area
furnishings and interior landscaping items), carpeting, draperies, appliances, personal property (excluding the computer software which is either licensed to Wells Westlake or which such Wells Affiliate deems proprietary [a listing of such excluded
computer software being set forth on EXHIBIT “W” attached hereto and made a part hereof]), machinery, apparatus and equipment owned by such Wells Affiliate and currently used exclusively in the operation, repair and
maintenance of the Wells Westlake Land and Wells Westlake Improvements and owned by such Wells Affiliate and situated thereon, including, without limitation, those specific items of personal property (if any) more particularly described on
EXHIBIT “B” attached hereto and made a part hereof, and all non-confidential books, records and files (excluding any appraisals, budgets, strategic plans for such Wells Westlake Property, internal analyses,
information regarding the marketing of the Wells Westlake Property for sale, submissions relating to obtaining of corporate authorization for Wells Westlake, attorney and accountant work product, attorney-client privileged documents, or other
similar information in the possession or control of Wells Westlake or any third party property manager which such Wells Affiliate reasonably deems proprietary) relating to the Wells Westlake Land and Wells Westlake Improvements; provided, however,
the property described on EXHIBIT “B-2” attached hereto and made a part hereof is expressly excluded from the definition of Wells Westlake Personal Property. The Wells Westlake Personal Property does not
include any property owned by tenants, contractors or licensees, and shall be conveyed by Wells Westlake to Purchaser subject to depletions, replacements and additions in the ordinary course of Wells Westlake’s business. 
  
 “Wells Westlake Property” shall mean and refer to the Wells
Westlake Land, together with the items set forth in Sections 2.1(b), (c), (d) and (e) with respect to the Wells Westlake Land. 
  
 ARTICLE 2. 
 PURCHASE AND SALE

  
 2.1. Agreement to Sell and Purchase the Wells
Affiliate Properties. Subject to and in accordance with the terms and provisions of this Agreement, each Wells Affiliate agrees to sell and Purchaser agrees to purchase, the following properties respectively owned by such Wells Affiliate
(collectively, the “Wells Affiliate Properties”): 
  

	 	(a)	the Wells Affiliate Lands; 

  

	 	(b)	the Wells Affiliate Improvements; 

  

	 	(c)	all right, title and interest of the applicable Wells Affiliate as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security
Deposits, with respect to the Wells Affiliate Lands and Wells Affiliate Improvements owned by such Wells Affiliate; 

  

	 	(d)	the Wells Affiliate Personal Property; and 

  

	 	(e)	the Wells Affiliate Intangible Property. 

  

 40 

 2.2. Agreement to Sell and Purchase the Wells OP Properties. Subject to and in accordance
with the terms and provisions of this Agreement, Wells OP agrees to sell and Purchase agrees to purchase, the following properties (the “Wells OP Properties”): 
  

	 	(a)	the Wells OP Lands; 

  

	 	(b)	the Wells OP Improvements; 

  

	 	(c)	the Wells OP Leasehold Estates, together with the rights of Wells OP under and pursuant to the Ingram Micro Bond Lease and the ISS Bond Lease to purchase the Wells OP Land and Wells
OP Improvements located respectively on such Land; 

  

	 	(d)	all right, title and interest of Wells OP as “landlord” or “lessor” in and to the Leases, any guaranties of the Leases and the Security Deposits, with respect to
the Wells OP Land and Wells OP Improvements; 

  

	 	(e)	the Wells OP Personal Property; and 

  

	 	(f)	the Wells OP Intangible Property. 

  
 2.3. Permitted Exceptions. Each of the Properties shall be conveyed subject to the matters which are, or are deemed to be, Permitted
Exceptions with respect to such Property subject to Purchaser’s objection rights and Sellers’ cure obligations under Section 3.4 hereof. 
  
 2.4. Earnest Money. 
  
 (a) Within one (1) Business Day following the execution and delivery of this Agreement by Seller and Purchaser, Purchaser shall deliver the Earnest Money
to Escrow Agent by federal wire transfer, payable to Escrow Agent, which Earnest Money shall be held and released by Escrow Agent in accordance with the terms of the Escrow Agreement. The parties hereto mutually acknowledge and agree that time is of
the essence in respect of Purchaser’s timely deposit of the Earnest Money with Escrow Agent; and that if Purchaser fails to timely deposit the Earnest Money with Escrow Agent, this Agreement shall terminate, and neither party hereto shall have
any further rights or obligations hereunder, except those provisions of this Agreement which by their express terms survive the termination of this Agreement. 
  

(b) The Earnest Money shall be applied to the Purchase Price at the Closing and shall otherwise be held, refunded, or disbursed in accordance with the
terms of the Escrow Agreement and this Agreement. The Earnest Money shall be applied to the Properties as set forth on EXHIBIT “N” attached hereto and made a part hereof. Interest and
other income from time to time earned on the Earnest Money shall be earned for the account of Purchaser, and shall be a part of the Earnest Money; and the Earnest Money hereunder shall be comprised of the Earnest Money and all such interest and
other income. 
  

 41 

 2.5. Purchase Price. Subject to adjustment and credits as otherwise specified in this
Section 2.5 and elsewhere in this Agreement, the aggregate purchase price (the “Purchase Price”) to be paid by Purchaser to Sellers for the Properties shall be Seven Hundred Eighty-Six Million and No/100 Dollars
($786,000,000.00 U.S.). The Purchase Price shall be allocated to Wells OP and to each Wells Affiliate with respect to each of the Properties as set forth on EXHIBIT “P” attached hereto and made a part hereof. The
Purchase Price shall be paid by Purchaser to Sellers at the Closing as follows: 
  
 (a) The Earnest Money shall be paid by Escrow Agent to Sellers at Closing; and 
  
 (b) At Closing, the balance of the Purchase Price allocated to each Seller and such Seller’s Property, after applying, as partial payment of the
Purchase Price allocated to such Seller, an amount equal to the Earnest Money and subject to prorations and other adjustments specified in this Agreement, shall be paid by Purchaser in immediately available funds to the Title Company, for further
delivery to an account or accounts designated by each Seller. If the amount due from Purchaser pursuant to this Agreement is not received by the Title Company on or before the later of 3:00 p.m. Eastern Standard Time or in sufficient time for
reinvestment on the Closing Date or in sufficient time for the Lenders to receive the amount required for payoff of the Loans on the Closing Date, then Purchaser shall reimburse Sellers for loss of interest due to the inability to reinvest
Sellers’ funds on the Closing Date or the inability of the applicable Seller to pay off any Loan payable to its Lender on the Closing Date, calculated at the rate of eight percent (8%) per annum (calculated on a per diem basis, using a 365-day
year). The provisions of the preceding sentence of this Section 2.5(b) shall survive the Closing. 
  
 2.6. Independent Contract Consideration. In addition to, and not in lieu of, the delivery to Escrow Agent of the Earnest Money, concurrently
with Purchaser’s execution and delivery of this Agreement to Sellers, Purchaser shall deliver to Wells OP, as a Seller or as a general partner or member of each Seller, Purchaser’s check, payable to the order to Wells OP, as Seller and as
agent of each other Seller, in the amount of One Hundred and No/100 Dollars ($100.00). Sellers and Purchaser hereby mutually acknowledge and agree that said sum represents adequate bargained for consideration for Sellers’ execution and delivery
of this Agreement and Purchaser’s right to inspect the Properties pursuant to Article III. Said sum is in addition to and independent of any other consideration or payment provided for in this Agreement and is nonrefundable in all
events. 
  
 2.7. Closing. 
  
 (a) Except as specifically provided to the contrary in subsections (b), (c)
and (d) of this Section 2.7, the consummation of the sale by Sellers and purchase by Purchaser of the Properties (the “Closing”) shall be held on March 25, 2005 (the “First Closing Date”) at the
offices of Sellers’ Counsel, Troutman Sanders, LLP, Suite 5200, Bank of America Plaza, 600 Peachtree Street, N.E., Atlanta, Georgia 30308-2216, at 10:00 A.M. It is contemplated that the transaction shall be closed with the concurrent delivery
of the documents of title and the payment of the Purchase Price. Notwithstanding the foregoing, there shall be no requirement that Sellers 

  

 42 

 
and Purchaser physically meet for the Closing, and all documents to be delivered at the Closing shall be delivered to the Title Company or in escrow to
Sellers’ Counsel unless the parties hereto mutually agree otherwise. Sellers and Purchaser agree to use reasonable efforts to complete all requirements for the Closing prior to the First Closing Date. 
  
 (b) Specifically notwithstanding the foregoing, and except as specifically
provided to the contrary in subsections (c) and (d) of this Section 2.7, and subject to the terms of this Agreement, if on the First Closing Date, the rights of the Outstanding ROFO/ROFR Party (the “ROFO/ROFR Rights”) to
purchase the Bank of America Property pursuant to the terms of the Bank of America Lease and Sellers’ Offer Notice in connection therewith, shall not have been waived (or deemed to have been waived) by the Outstanding ROFO/ROFR Party pursuant
to the terms of such Lease, then, as to said Property (the “Deferred Closing Property”), the Closing as to such Deferred Closing Property shall take place at the offices of Sellers’ Counsel as set forth above (or such other
location in Atlanta, Georgia as Seller and Purchaser may mutually agree), at 10:00 A.M. on the date that is no later than fifteen (15) days following the date on which the Outstanding ROFO/ROFR Party shall have waived (or shall be deemed to have
waived) its right to purchase the Bank of America Property pursuant to the terms of such Lease or such earlier date as the Seller and Purchaser may agree in writing; provided, however, Purchaser shall have no obligations with respect to such
Deferred Closing Property unless the Title Company is prepared to issue its title policy insuring Purchaser’s title to such Deferred Closing Property either (a) including coverage affirming that the ROFO/ROFR Rights with respect to the sale of
such Deferred Closing Property to Purchaser have been waived, or (b) providing that the ROFO/ROFR Rights with respect to the sale of such Property to Purchaser are not an encumbrance to title thereto (an “ROFO/ROFR Endorsement”).
Subject to the foregoing, the Closing as to such Deferred Closing Property shall take place at such specific place, time and date (a “Deferred Closing Date”) as shall be designated by Purchaser in a written notice to Sellers not
less than three (3) Business Days prior to such Closing. If Purchaser fails to give notice of the Deferred Closing Date, then, subject to delivery of the applicable ROFO/ROFR Endorsement, the Closing of the Deferred Closing Property shall be held on
the thirtieth (30th) day following the date on which the Outstanding ROFO/ROFR Party shall have waived (or been
deemed to have waived) its right to purchase the Deferred Closing Property, as such waiver has been confirmed by written notice from Sellers to Purchaser, with such Closing to be held at the offices of Sellers’ Counsel, at the address set forth
in Section 2.7(a) above. Notwithstanding the foregoing, there shall be no requirement that Sellers and Purchaser physically meet for the Closing, and all documents to be delivered at the Closing shall be delivered to the Title Company or in
escrow to Sellers’ Counsel unless the parties hereto mutually agree otherwise. Sellers and Purchaser agree to use reasonable efforts to complete all requirements for the Closing prior to the Deferred Closing Date. 
  
 (c) Notwithstanding anything to the contrary contained in this Section
2.7, Sellers and Purchaser each shall have the right to adjourn the First Closing Date to a date not earlier than April 4, 2005, nor later than April 29, 2005, by written notice to other party and Escrow Agent given on or before
March 22, 2005, and specifying in said notice the date for the adjourned Closing (a “Deferred Closing Date”). In the event Sellers or Purchaser shall so elect to adjourn the Closing, then the Closing shall take place at the
offices of Sellers’ Counsel as set forth above (or such other location in Atlanta, Georgia as Sellers and Purchaser may mutually 

  

 43 

 
agree), at 10:00 A.M. on the date so specified in Sellers’ notice or Purchaser’s notice; and if Sellers or Purchaser fail to specify the date in
said notice, then such Deferred Closing Date shall be deemed to be April 29, 2005. 
  
 (d) If at any time after the Effective Date of this Agreement but prior to the Closing Date, (i) trading in securities generally on the New York Stock Exchange shall have been suspended, or (ii) national banks shall
have been closed, then either party shall have the right to extend the Closing Date until such time as trading in securities generally on the New York Stock Exchange has recommenced or national banks have re-opened, by giving written notice to the
other and to Escrow Agent; but in no event shall the Closing occur later than June 30, 2005. 
  
 ARTICLE 3. 
 PURCHASER’S INSPECTION AND REVIEW RIGHTS 
  
 3.1. Due Diligence Inspections. 
  
 (a) From and after the “Effective Date” (as defined in and
pursuant to the Right of Entry Agreement) until the Closing Date or earlier termination of the inspection rights of Purchaser under the Right of Entry Agreement or under this Agreement, Sellers shall permit Purchaser and its authorized
representatives to inspect the Properties, to perform due diligence and environmental investigations, to examine the records of Sellers with respect to the Properties, and make copies thereof, at such times during normal business hours as Purchaser
or its representatives may request. All such inspections shall be nondestructive in nature, and specifically shall not include any physically intrusive testing. All such inspections shall be performed in such a manner to minimize any interference
with the business of the tenants under the Leases and the Wells OP Ground Leases at the Properties and, in each case, in compliance with the rights and obligations of the applicable Seller as landlord under the applicable Leases and as lessee under
the Ground Leases. Purchaser agrees that Purchaser shall make no contact with and shall not interview tenants without the express prior consent of Sellers. All inspection fees, appraisal fees, engineering fees and all other costs and expenses of any
kind incurred by Purchaser relating to the inspection of the Properties shall be solely Purchaser’s expense. Sellers reserve the right to have a representative present at the time of making any such inspection. Purchaser shall notify Sellers
not less than two (2) Business Days in advance of making any such inspection. 
  
 (b) If any Closing is not consummated hereunder, Purchaser shall promptly deliver to Sellers (if contractually permitted to do so) copies of all reports, surveys and other information furnished to Purchaser by third
parties in connection with such inspections with respect to any Property as to which the Closing fails to occur, provided that Purchaser is not contractually prohibited from doing so; provided further, however, that delivery of such copies and
information shall be without warranty or representation whatsoever, express or implied, including, without limitation, any warranty or representation as to ownership, accuracy, adequacy or completeness thereof or otherwise. Purchaser shall use
commercially reasonable efforts to avoid any contractual obligations prohibiting the delivery to Sellers of copies of such reports, surveys and information. This Section 3.1(b) shall survive the termination of this Agreement. 
  

 44 

 (c) To the extent that Purchaser or any of its representatives, agents or contractors damages or disturbs
the Properties or any portion thereof, Purchaser shall return the same to substantially the same condition which existed immediately prior to such damage or disturbance. Purchaser hereby agrees to and shall indemnify, defend and hold harmless
Sellers from and against any and all expense, loss or damage which Sellers may incur (including, without limitation, reasonable attorney’s fees actually incurred) as a result of any act or omission of Purchaser or its representatives, agents or
contractors, other than any expense, loss or damage to the extent arising from any act or omission of Sellers during any such inspection. Said indemnification shall not extend to pre-existing conditions merely discovered by Purchaser. Said
indemnification agreement shall survive the final Closing under this Agreement, or earlier termination of this Agreement, until the expiration of any applicable statute of limitations. Purchaser shall maintain and shall ensure that Purchaser’s
consultants and contractors maintain commercial general liability insurance in an amount not less than $2,000,000, combined single limit, and in form and substance adequate to insure against all liability of Purchaser and its consultants and
contractors, respectively, and each of their respective agents, employees and contractors, arising out of inspections and testing of the Properties or any part thereof made on Purchaser’s behalf. Purchaser agrees to provide to Sellers, upon
Sellers’ request, a certificate of insurance with regard to each applicable liability insurance policy prior to any entry upon the Properties by Purchaser or its consultants or contractors, as the case may be, pursuant to this Section
3.1. 
  
 (d) Sellers hereby agree that prior to the
termination of this Agreement, neither Sellers nor any of Sellers’ respective affiliates, subsidiaries, agents, representatives or successors shall enter into any contract to sell or transfer (directly or indirectly) any one or more of the
Properties or any interest therein or negotiate with any third party respecting the sale of the Properties or any interest therein, except that this Section 3.1(d) shall not affect or limit any action the Sellers may take in order to comply
with any rights of first offer or rights of first refusal under existing Leases affecting the Properties. 
  
 3.2. Deliveries by Sellers to Purchaser; Purchaser’s Access to Property Records of Sellers. 
  
 (a) Sellers and Purchaser acknowledge that all of the following (the
“Due Diligence Deliveries”) either have been or shall be delivered or made available to Purchaser (and Purchaser further acknowledges that no additional items are required to be delivered by Sellers or any of them to Purchaser
except as may be expressly set forth in other provisions of this Agreement): 
  

	 	(i)	Copies of current property tax bills with respect to each Property. 

  

	 	(ii)	Copies of operating statements for the past twenty-four (24) months with respect to each Property. 

  

 45 

	 	(iii)	Copies of all Leases and guarantees relating thereto existing as of the Effective Date with respect to each Property. 

  

	 	(iv)	An aged tenant receivable report, if any, regarding income from the tenants with respect to each Property. 

  

	 	(v)	Copies of all Commission Agreements in the possession of Sellers with respect to each Property. 

  

	 	(vi)	Copies of all Service Contracts currently in place with respect to each Property. 

  

	 	(vii)	Copies of the current commitments for title insurance issued by the Title Company with respect to each of the Properties. 

  

	 	(viii)	Copies of the Existing Surveys with respect to the Land and the Wells OP Ground Lease Land. 

  

	 	(ix)	Copies of the Wells OP Ground Leases, and each of the title documents listed on EXHIBIT “I” attached hereto. 

  

	 	(x)	Copies of the Existing Environmental Reports with respect to each Property. 

  

	 	(xi)	Copies of Sellers’ offering notices to each of the tenants and the Declarant as described in clauses (i), (iii), (iv), (v), (viii), (ix), (x), (xi) and (xii) of Section
4.1(f) hereof. 

  

	 	(xii)	Copies of all certificates of occupancy with respect to each Property which are in Sellers’ possession. 

  
 (b) From the “Effective Date” (as defined in and pursuant to the
Right of Entry Agreement) until the last Closing Date under this Agreement, or earlier termination of this Agreement, Sellers shall allow Purchaser and Purchaser’s representatives, on reasonable advance notice and during normal business hours,
to have access to Sellers’ existing non-confidential books, records and files relating to the Properties, at Sellers’ respective on-site management offices at the Properties, at the office of the Broker, or at the office of Sellers at 6200
The Corners Parkway, Norcross, Georgia 30092, for the purpose of inspecting and (at Purchaser’s expense) copying the same, including, without limitation, the materials listed below (to the extent any or all of the same are in the possession of
Sellers), subject, however, to the limitations of any confidentiality or nondisclosure agreement to which Sellers or any of them may be bound, and provided that none of the Sellers shall be required to deliver or make available to Purchaser any
appraisals, third party reports (other than the Existing Environmental Reports) obtained by any Seller prior to the acquisition of the Property or Properties by such Seller, strategic plans for the Properties or any of them, internal analyses,
information regarding the marketing for sale of the Properties or any of them, submissions relating to such Seller’s obtaining of corporate 

  

 46 

 
authorization, attorney and accountant work product, attorney-client privileged documents, or other information in the possession or control of Sellers or
any of them which Sellers or any of them deem proprietary. Purchaser acknowledges and agrees, however, that Sellers make no representation or warranty of any nature whatsoever, express or implied, with respect to the ownership, enforceability,
accuracy, adequacy or completeness or otherwise of any of such records, evaluations, data, investigations, reports or other materials. If the Closing contemplated hereunder fails to take place for any reason, Purchaser shall promptly return (or
certify as having destroyed) all copies of materials copied from the books, records and files of Sellers or any of them relating to the Properties. It is understood and agreed that none of the Sellers shall have any obligation to obtain, commission
or prepare any such books, records, files, reports or studies not now in the possession or control of such Sellers. Subject to the foregoing, Sellers agree to make available to Purchaser for inspection and copying, without limitation, the following
books, records and files relating to the Properties, all to the extent the same are in the possession of Sellers: 
  

	 	(i)	Tenant Information. Copies of any financial statements or other financial information of any tenants under the Leases (and the Lease guarantors), written information relative
to the tenants’ payment histories, tenant correspondence, and copies of all certificates of insurance provided by such tenants pursuant to the terms of their respective Leases at the Properties, to the extent the applicable Wells Affiliate or
Wells OP has the same in its possession; 

  

	 	(ii)	Plans. All available construction plans and specifications in the possession of the applicable Wells Affiliate or Wells OP relating to the development, condition, repair and
maintenance of the Properties, the Improvements and the Personal Property; 

  

	 	(iii)	Permits; Licenses. Copies of any permits, licenses, or other similar documents in the possession of the applicable Wells Affiliate or Wells OP relating to the use, occupancy
or operation of the Properties; and 

  

	 	(iv)	Operating Costs and Expenses. All available records of any operating costs and expenses for the Properties in the possession of the applicable Wells Affiliate or Wells OP.

  
 (c) Subject to Section 12.4 hereof, for a
period of time commencing on the Effective Date of this Agreement and continuing through the date that is seventy-five (75) days after the date of Closing, if Purchaser determines in good faith that it is required to file financial statements,
proformas and any other required financial information in compliance with (i) any or all of Rule 3-05 or 3-14 of Regulation S-X of the SEC, or (ii) any registration statement, 424(b) prospectus, report or disclosure statement filed with the SEC by
or on behalf of Purchaser, Sellers, upon reasonable advance written notice from Purchaser, and at Purchaser’s sole cost and expense, shall use good faith efforts to provide Purchaser and its representatives with reasonable 

  

 47 

 
access to financial information and documentation relating to the Properties pertaining to the period from January 1, 2004 through the date of Closing,
provided the same shall then be in the possession of any Seller or an Affiliate of any Seller in the form and content reasonably requested and such information is relevant and reasonably necessary to enable Purchaser and Purchaser’s outside
accountants to file such financial statements, pro formas and other financial information with the SEC as required by applicable laws, rules and regulations. Purchaser shall reimburse Sellers for all reasonable out-of-pocket costs and expenses paid
to third parties by Sellers in connection therewith. At or within seventy-five (75) days after Closing, Seller shall use good faith efforts to provide to the Purchaser’s independent accounting firm a signed representation letter from such
Seller or such Seller’s Property Manager which would be reasonably sufficient in the judgment of such Seller’s independent public accountants to enable Purchaser’s independent public accountant to render an opinion on the financial
statements of the Properties pertaining to the period from January 1, 2004 through the date of Closing. 
  
 3.3. Condition of the Properties. 
  
 (a) The parties hereto acknowledge that Purchaser has employed independent zoning consultants, and engineering and/or environmental professionals to
review zoning and to perform engineering, environmental and physical assessments on Purchaser’s behalf in respect of the Properties and the condition thereof. Purchaser and Sellers mutually acknowledge and agree that the Properties are being
sold in an “AS IS” condition and “WITH ALL FAULTS,” known or unknown, contingent or existing. Purchaser has the sole responsibility to fully inspect the Properties, to investigate all matters relevant thereto, including, without
limitation, the condition of the Properties, and to reach its own, independent evaluation of any risks (environmental or otherwise) or rewards associated with the ownership, leasing, management and operation of the Properties; and Purchaser hereby
acknowledges and agrees that it has been afforded sufficient time and access to the Properties, the tenants of such Properties and books and records relating to the Properties to fully inspect the Properties, to investigate all matters relevant
thereto, including, without limitation, the condition of the Properties, and to reach its own, independent evaluation of all risks (environmental or otherwise) or rewards associated with the ownership, leasing, management and operation of the
Properties. Effective as of the Closing and except as expressly set forth in this Agreement, Purchaser hereby waives and releases Sellers and each of them, and their respective officers, directors, shareholders, members, partners, agents,
affiliates, employees and successors and assigns from and against any and all claims, obligations and liabilities arising out of or in connection with the Properties. 
  
 (b) To the fullest extent permitted by law, Purchaser does hereby unconditionally waive and release Sellers, and each of
them, and their respective officers, directors, shareholders, members, partners, agents, affiliates and employees from any present or future claims and liabilities of any nature arising from or relating to the presence or alleged presence of
Hazardous Substances in, on, at, from, under or about the Properties or any adjacent property, including, without limitation, any claims under or on account of any Environmental Law, regardless of whether such Hazardous Substances are located in,
on, at, from, under or about the Properties or any adjacent property prior to or after the date hereof (collectively, “Environmental Liabilities”); provided, however, that the foregoing release as it applies to any Seller, its
officers, directors, shareholders, members, partners, agents, affiliates and employees, shall not release such 

  

 48 

 
Seller, or its general partners or members from any Environmental Liabilities of (i) such Seller relating to any Hazardous Substances which may be placed,
located or released on any of the Properties by any Seller after the date of Closing, or (ii) the general partners or members of such Seller relating to any Hazardous Substances which may be placed, located or released by any Seller after the date
of Closing. The terms and provisions of this Section 3.3 shall survive the Closing. 
  
 3.4. Title and Survey. Seller has provided Purchaser with a preliminary title commitment with respect to each of the Properties (individually, a “Seller Title Commitment”, and
collectively, the “Sellers’ Title Commitments”). Purchaser has had and shall have the right, but not the obligation, to order from the Title Company, a preliminary title commitment with respect to each of the Properties or
updates or revisions to any of Sellers’ Title Commitments (individually, a “Purchaser’s Title Commitment”, and collectively, the “Purchaser’s Title Commitments”). Purchaser shall also have the right
to have Lawyers Title Insurance Corporation and/or Land America Title Insurance Company participate with the Title Company in the title insurance to be obtained by Purchaser (and its lenders); provided, however, that no such participation shall
result in any obligation of Sellers to pay for any increase in the cost of “standard” or “base” title insurance coverage for any policy or policies of owner’s title insurance coverage issued to Purchaser with respect to the
Properties at Closing as a result of such title insurance participation by Lawyers Title Insurance Corporation and/or Land America Title Insurance Company (or any of its or their affiliated title companies). Purchaser shall direct the Title Company
to send a copy of each of the Purchaser’s Title Commitments to Sellers. “Title Commitment” shall mean a Seller’s Title Commitment or a Purchaser’s Title Commitment. The Seller’s Title Commitments and
Purchaser’s Title Commitments are collectively referred to as the “Title Commitments”. Sellers and Purchaser mutually acknowledge and agree that prior to the Effective Date, Sellers and Purchaser have made arrangements for the
preparation of one or more updates of each Existing Survey (and in the case of the Alstom Power Property, the Americredit Property, the Kerr McGee Property, the Nissan Property and the Traveler’s Express Property, Sellers and Purchaser have
made arrangements for as-built Surveys to be prepared where no such as-built survey currently exists) (individually, a “Survey”, and collectively, the “Surveys”). Copies of all such Surveys and any updates or
revisions to any of the same shall be made available concurrently to Sellers and Purchasers. From time to time at any time after the Effective Date of this Agreement and prior to the Closing Date, Purchaser may give written notice to Seller’s
Counsel (a “Subsequent Title Notice”) of exceptions to title first appearing of record with respect to such Property after the effective date of the most recent previous Title Commitment or updated Title Commitment with respect to
such Property or matters of survey, which matters of record or matters of survey would not have been disclosed by an accurate updated examination of title or preparation of an updated ALTA survey prior to date of the most recently revised Title
Commitment or the most recently revised Survey with respect to such Property. Sellers shall have the right, but not the obligation (except as to Monetary Objections), to attempt to remove, satisfy or otherwise cure any exceptions to title to which
the Purchaser so objects. Within five (5) Business Days after receipt of any Subsequent Title Notice, Sellers shall give written notice to Purchaser’s Counsel informing the Purchaser of the election of Sellers with respect to the objections in
such Subsequent Title Notice. If Sellers fail to give written notice of election within such five (5) Business Day period, Sellers shall be deemed to have elected not to attempt to cure the objections (other than Monetary Objections) 

  

 49 

 
set forth in such Subsequent Title Notice; it being specifically understood and agreed that except as specifically set forth in this Agreement to the
contrary, Sellers have elected not to attempt to cure any objections (other than Monetary Objections) set forth in any of the notices of title and survey objections and comments provided by Purchaser’s Counsel to Sellers’ Counsel prior to
the Effective Date of this Agreement. If Sellers elect to attempt to cure any objections, Sellers shall be entitled to one or more reasonable adjournments of the Closing of up to but not beyond the thirtieth (30th) day following the initial date set
for the Closing to attempt such cure, but, except for Monetary Objections, Sellers shall not be obligated to expend any sums, commence any suits or take any other action to effect such cure. Except as to Monetary Objections, if Sellers elect, or are
deemed to have elected, not to cure any exceptions to title to which Purchaser has objected or if, after electing to attempt to cure, Sellers determine that they are unwilling or unable to remove, satisfy or otherwise cure any such exceptions,
Purchaser’s sole remedy hereunder in such event shall be either (i) to accept title to the applicable Property subject to such exceptions as if Purchaser had not objected thereto and without reduction of the Purchase Price, (ii) if such
exceptions are matters first appearing of record or first disclosed by any Survey or updated Title Commitment after the date of this Agreement, to terminate this Agreement as to such Property or Properties, or (iii) to terminate this Agreement
within three (3) Business Days after receipt of written notice from Sellers either of the election of Sellers not to attempt to cure any objection or of the determination of Sellers, having previously elected to attempt to cure, that Sellers are
unable or unwilling to do so, or three (3) Business Days after Sellers are deemed hereunder to have elected not to attempt to cure such objections (and upon any such termination under clause (iii) above, Escrow Agent shall return the Earnest Money
to Purchaser). Notwithstanding anything to the contrary contained elsewhere in this Agreement, Sellers shall be obligated to cure or satisfy all Monetary Objections at or prior to Closing, and may use the proceeds of the Purchase Price at Closing
for such purpose. 
  
 3.5. Service Contracts. At
Closing, Purchaser shall assume the obligations of Sellers arising from and after Closing under all of the Service Contracts relating to each Property that is the subject of such Closing; provided, however, Seller shall be required to terminate any
Service Contracts which are with any Seller-Related Entities. Subject to the foregoing, and taking into account any credits or prorations to be made pursuant to Article 5 hereof for payments coming due after Closing but accruing prior to
Closing, Purchaser will assume the obligations arising from and after the Closing Date under the Service Contracts. 
  
 3.6. Confidentiality. All information acquired by Purchaser or any of its designated representatives (including by way of example, but not
in limitation, the officers, directors, shareholders and employees of Purchaser, and Purchaser’s engineers, consultants, counsel and potential lenders, and the officers, directors, shareholders and employees of each of them) with respect to the
Properties, whether delivered by Sellers or any representatives of Sellers or obtained by Purchaser as a result of its inspection and investigation of the Properties, examination of the books, records and files of Sellers in respect of the
Properties, or otherwise (collectively, the “Due Diligence Material”) shall be used solely for the purpose of determining whether the Properties are suitable for Purchaser’s acquisition and ownership thereof and for no other
purpose whatsoever. Prior to Closing, the terms and conditions which are contained in this Agreement and all Due Diligence Material which is not published as public knowledge or which is not generally available in the public domain shall be kept in
strict confidence by Purchaser and 

  

 50 

 
shall not be disclosed to any individual or entity other than to those authorized representatives of Purchaser and Purchaser’s prospective and actual
counsel, accountants, professionals, consultants, attorneys and lenders, who need to know the information for the purpose of assisting Purchaser in evaluating the Properties for Purchaser’s potential acquisition thereof; provided, however, that
Purchaser shall have the right to disclose any such information if required by applicable law or as may be necessary in connection with any court action or proceeding with respect to this Agreement. Purchaser shall and hereby agrees to indemnify and
hold Sellers and each of them harmless from and against any and all loss, liability, cost, damage or expense that Sellers or any of them may suffer or incur (including, without limitation, reasonable attorneys’ fees actually incurred) as a
result of the unpermitted disclosure of any of the Due Diligence Material to any individual or entity other than an appropriate representative of Purchaser and Purchaser’s prospective and actual counsel, accountants, professionals, consultants,
attorneys and lenders, and/or the use of any Due Diligence Material for any purpose other than as herein contemplated and permitted. The foregoing indemnity shall not extend to disclosure of any Due Diligence Material (i) as may be required by
applicable law, or (ii) that is or becomes public knowledge other than by virtue of a breach of Purchaser’s covenant under this Section 3.6. If Purchaser or Sellers elect to terminate this Agreement pursuant to any provision hereof
permitting such termination, or if the Closing contemplated hereunder fails to occur for any reason, Purchaser will promptly return to Sellers all Due Diligence Material in the possession of Purchaser and any of its representatives, and destroy all
copies, notes or abstracts or extracts thereof, as well as all copies of any analyses, compilations, studies or other documents prepared by Purchaser or for its use (whether in written or electronic form) containing or reflecting any Due Diligence
Material. In the event of a breach or threatened breach by Purchaser or any of its representatives of this Section 3.6, Sellers and each of them shall be entitled, in addition to other available remedies, to an injunction restraining
Purchaser or its representatives from disclosing, in whole or in part, any of the Due Diligence Material and any of the terms and conditions of this Agreement. Nothing contained herein shall be construed as prohibiting or limiting Sellers from
pursuing any other available remedy, in law or in equity, for such breach or threatened breach. The provisions of this Section shall survive any termination of this Agreement. 
  
 ARTICLE 4. 
 REPRESENTATIONS, WARRANTIES AND OTHER AGREEMENTS 
  
 4.1. Representations and Warranties of Sellers. Each Seller, individually, solely as to such Seller and not as to any other Seller, hereby makes the following representations and warranties to Purchaser: 
  
 (a) Organization, Authorization and Consents. 
  

	 	(i)	Seller has the right, power and authority to enter into this Agreement and to sell the Property or Properties of such Seller in accordance with the terms and provisions of this
Agreement, to engage in the transactions contemplated in this Agreement and to perform and observe the terms and provisions hereof. 

  

 51 

	 	(ii)	Wells OP. Wells OP is a duly organized and validly existing limited partnership under the laws of the State of Delaware, whose sole general partner is Wells Real Estate
Investment Trust, Inc., a Maryland corporation. 

  

	 	(iii)	Wells Real Estate Investment Trust, Inc. Wells Real Estate Investment Trust, Inc. is a duly organized and validly existing corporation under the laws of the State of
Maryland. 

  

	 	(iv)	Wells Fund XII - REIT JV. Wells Fund XII - REIT JV is a duly organized and validly existing general partnership under the laws of the State of Georgia, whose general partners
are Wells Real Estate Fund XII, L.P. and Wells OP. Wells Real Estate Fund XII, L.P. is a duly organized and validly existing limited partnership under the laws of the State of Georgia, whose general partners are Leo F. Wells, III and Wells Partners,
L.P., a Georgia limited partnership. 

  

	 	(v)	Wells Partners, L.P. Wells Partners, L.P. is a duly formed and validly existing limited partnership under the laws of the State of Georgia, whose general partner is Wells
Capital, Inc. 

  

	 	(vi)	Wells Capital, Inc. Wells Capital, Inc. is a duly organized and validly existing corporation under the laws of the State of Georgia. 

  

	 	(vii)	Wells Fund XIII - REIT JV. Wells Fund XIII - REIT JV is a duly organized and validly existing general partnership under the laws of the State of Georgia, whose general
partners are Wells Real Estate Fund XIII, L.P. and Wells OP. Wells Real Estate Fund XIII, L.P. is a duly organized and validly existing limited partnership under the laws of the State of Georgia, whose general partners are Leo F. Wells, III and
Wells Capital, Inc. 

  

	 	(viii)	Wells Virginia REIT. Wells Virginia REIT is a duly organized and validly existing limited liability company under the laws of the State of Georgia, whose sole member is Wells
OP. 

  

	 	(ix)	Wells Brea. Wells Brea is a duly organized and validly existing limited partnership under the laws of the State of Delaware, whose sole general partner is Wells Brea, LLC.
Wells Brea, LLC is a duly organized and validly existing limited liability company under the laws of the State of Delaware, whose sole member is Wells OP. 

  

	 	(x)	 Wells Westlake. Wells Westlake is a duly organized and validly existing limited partnership under the laws of the State of Texas, whose sole general partner
is Wells Real Estate Westlake, TX, 

  

 52 

	 	 
LLC. Wells Real Estate Westlake, TX, LLC is a duly organized and validly existing limited liability company under the laws of the State of Delaware, whose
sole member is Wells OP. 

  

	 	(xi)	Wells Farmington Hills. Wells Farmington Hills is a duly formed and validly existing limited liability company under the laws of the State of Delaware, whose sole member is
Wells OP. 

  

	 	(xii)	Wells Kalamazoo. Wells Kalamazoo is a duly formed and validly existing limited liability company under the laws of the State of Delaware, whose sole member is Wells OP.

  

	 	(xiii)	Wells EDS. Wells EDS is a duly formed and validly existing limited partnership under the laws of the State of Texas, whose sole general partner is Wells Real Estate - Des
Moines, IA, LLC. Wells Real Estate - Des Moines, IA, LLC is a duly formed and validly existing limited liability company under the laws of the State of Delaware, whose sole member is Wells OP. 

  

	 	(xiv)	Wells Fund XI and XII REIT JV. Wells Funds XI and XII REIT JV is a duly formed and validly existing general partnership under the laws of the State of Georgia, whose general
partners are Wells Real Estate Fund XI, L.P., a Georgia limited partnership, Wells Real Estate Fund XII, L.P., a Georgia limited partnership and Wells OP. Wells Real Estate Fund XI, L.P. is a duly formed and validly existing limited partnership
under the laws of the State of Georgia, whose general partners are Leo F. Wells, III and Wells Partners, L.P. Wells Partners, L.P. is a duly formed and validly existing limited partnership under the laws of the State of Georgia whose general partner
is Wells Capital, Inc. Wells Real Estate Funds XII, L.P. is a duly formed and validly existing limited partnership under the laws of the State of Georgia, whose general partners are Leo F. Wells, III and Wells Partners, L.P.

  
 (b) Action of Sellers, Etc. Seller has
taken all necessary action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by such Seller on or prior to the Closing, this Agreement and such document shall
constitute the valid and binding obligation and agreement of such Seller, enforceable against such Seller in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of
general application affecting the rights and remedies of creditors. 
  
 (c) No Violations of Agreements. Subject to obtaining such consents or approvals of the ASML Prime Ground Lessor and the ASML Sub-Ground Lessor to the transfer of the ASML Property to Purchaser as may be required under the ASML Prime
Ground Lease and the ASML Sub-Ground Lease, and such consent or approval of the Ingram Micro Ground 

  

 53 

 
Lessor to the transfer of the Ingram Micro Property to Purchaser as may be required under the Ingram Micro Bond Lease, neither the execution, delivery or
performance of this Agreement by such Seller, nor compliance with the terms and provisions hereof, will result in any breach of the terms, conditions or provisions of, or conflict with or constitute a default under, or result in the creation of any
lien, charge or encumbrance upon the respective Property or Properties of such Seller or any portion thereof pursuant to the terms of any indenture, deed to secure debt, mortgage, deed of trust, note, evidence of indebtedness or any other agreement
or instrument by which such Seller is bound, including, without limitation, the Wells OP Ground Leases, the Ingram Micro Loan Documents, the ISS Bond Documents and the ISS Bonds. 
  
 (d) Litigation. Except as disclosed on EXHIBIT “P” attached hereto and made a part
hereof, such Seller has not received written notice of any pending or threatened suit, action or proceeding, which (i) if determined adversely to such Seller, adversely affects the use or value of the Property or Properties of such Seller, (ii)
questions the validity of this Agreement or any action taken or to be taken pursuant hereto, (iii) involves condemnation or eminent domain proceedings involving such Properties or any portion thereof, or (iv) relates to the revocation or
modification of any license, permit or other approval (including zoning and entitlements approvals) related to the development, ownership, use or operation of such Seller’s Property for the current use of such Property. 
  
 (e) Existing Leases. Other than the Wells OP Ground Leases and the
Leases listed on EXHIBIT “I” attached hereto, such Seller has not entered into any contract or agreement with respect to the occupancy of the Property or Properties of such Seller or any portion or portions thereof
which will be binding on Purchaser or such Seller’s Property after the Closing. The copies of the Wells OP Ground Leases and the Leases affecting the Property or Properties of such Seller heretofore delivered or made available by such Seller to
Purchaser are true, correct and complete copies thereof in all material respects, and the Wells OP Ground Leases and the Leases affecting the Property or Properties of such Seller have not been amended except as evidenced by amendments similarly
delivered and constitute the entire agreement between such Seller and the tenants or other parties thereto. Except as set forth in EXHIBIT “P” attached hereto, such Seller has not given or received any written notice
of any party’s default or failure to comply with the terms and provisions of the Wells OP Ground Leases and the Leases affecting the Property or Properties of such Seller which remain uncured. 
  
 (f) Right of First Offer or Right of First Refusal. No tenant of such
Seller or any other person or entity has any right or option (including any right of first refusal or right of first offer) to purchase all or any part of the Property or Properties of such Seller or any interest therein, except as follows:

  

	 	(i)	the right of first refusal of Bank of America NT & SA, as tenant under its Lease affecting the Bank of America Property, to purchase such Property upon the terms set forth in
its Lease, and with respect to which Seller delivered the Bank of America ROFR Notice to such tenant, dated January 11, 2005; 

  

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	 	(ii)	the right of Capital One Services, Inc., as tenant under each of its Leases affecting the Capital One Property, to purchase the respective buildings subject to such Leases, except
that in accordance with the terms of such Leases, such right of first refusal does not apply in the event the landlord desires to sell the building subject to any such Lease in conjunction with the sale of any other building or buildings owned by
landlord or in which landlord has an interest; 

  

	 	(iii)	the right of Chrysler Financial Company, LLC, as tenant under its Lease affecting the Daimler Chrysler Property, to purchase such Property pursuant to the terms of its Lease, and
with respect to which Seller delivered an offer notice to such tenant, dated November 1, 2004; 

  

	 	(iv)	the right of Dana Corporation, as tenant under its Lease affecting the Dana (Farmington Hills) Property, to purchase such Property in accordance with the terms of such Lease, and
with respect to which Seller delivered an offer notice to such tenant, dated November 1, 2004, and such tenant delivered a letter to Seller in response thereto, dated November 5, 2004; 

  

	 	(v)	the right of Dana Corporation, as tenant under its Lease affecting the Dana (Kalamazoo) Property, to purchase such Property in accordance with the terms of such Lease, and with
respect to which Seller delivered an offer notice to such tenant, dated November 1, 2004, and such tenant delivered a letter to Seller in response thereto, dated November 5, 2004; 

  

	 	(vi)	the right of The Dial Corporation, as tenant under its Lease affecting the Dial Property, to purchase such Property in accordance with the terms of such Lease; provided, however,
that in accordance with the terms of such Lease, such right does not apply to a portfolio sale of properties; 

  

	 	(vii)	the right of Experian Information Solutions, Inc., as tenant under its Lease affecting the Experian Property, to purchase such Property after the expiration of the “Primary
Term” of such Lease (as defined therein) in accordance with the terms and provisions of such Lease, which Primary Term has not yet expired; 

  

	 	(viii)	the right of Gartner, Inc., as tenant under its Lease affecting the Gartner Surface Parking Property, to purchase the Gartner Property in accordance with the terms of such Lease,
and with respect to which Seller delivered an offer notice to such tenant, dated December 8, 2004; 

  

 55 

	 	(ix)	the right of Ingram Micro L.P., as tenant under its Lease affecting the Ingram Micro Property, to purchase such Property in accordance with the terms of such Lease, and with respect
to which Seller delivered an offer notice to such tenant, dated November 1, 2004; 

  

	 	(x)	the right of Kerr-McGee Oil & Gas Corporation, as tenant under its Lease affecting the Kerr McGee Property, to purchase such Property in accordance with the terms of such Lease,
and with respect to which Seller delivered an offer notice to such tenant, dated November 1, 2004; 

  

	 	(xi)	the right of Merisel Properties, Inc., as the Declarant under the Lucent Property Declaration affecting the Lucent Property, to purchase such Property in accordance with the terms
of said Declaration, and with respect to which Seller delivered an offer notice to said Declarant, dated December 6, 2004; and 

  

	 	(xii)	the right of Nissan Motor Acceptance Company, as tenant under its Lease affecting the Nissan Property, to purchase such Property in accordance with the terms of such Lease, and with
respect to which Seller delivered an offer notice to such tenant, dated November 1, 2004. 

  
 As of the Effective Date hereof, none of the tenants named above or the Declarant named above (each, a “ROFO/ROFR Party”, and any one or
more, “ROFO/ROFR Parties”) to whom an offer notice was sent by Sellers has exercised its right of first offer or right of first refusal by written notice received by any of the Sellers. Except as disclosed in this Agreement, Sellers
have not received from or given any written notice to any of the ROFO/ROFR Parties with respect to such rights of first offer or rights of first refusal in respect of the transactions contemplated under this Agreement. 
  
 (g) Leasing Commissions. There are no lease brokerage agreements,
leasing commission agreements or other agreements providing for payments of any amounts for leasing activities or procuring tenants with respect to the Properties of such Seller or any portion or portions thereof other than as disclosed in
EXHIBIT “C” attached hereto (the “Commission Agreements”), and all leasing commissions and brokerage fees accrued or due and payable under the Commission Agreements with respect
to the Properties of such Seller as of the date hereof and at the Closing have been or shall be paid in full. Notwithstanding anything to the contrary contained herein, (i) the respective obligations of Sellers and Purchaser with respect to certain
leasing commissions are set forth on EXHIBIT “U” attached hereto, and (ii) Purchaser shall be responsible for the payment of all leasing commissions payable for (a) any new leases entered into after the Effective Date
that have been approved (or deemed approved) by Purchaser, and (b) except as expressly otherwise provided on EXHIBIT “U” attached hereto, the renewal, expansion or extension of any Leases existing as of the Effective
Date and exercised or effected after the Effective Date. 
  

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 (h) Bond Documents. The copies of the Ingram Micro Loan Documents, the ISS Bond Documents and the
ISS Bonds (the “Bond Documents”) heretofore delivered or made available to Purchaser are true, correct and complete copies thereof in all material respects. Wells OP has not given or received any written notice of any party’s
default or failure to comply with the terms and provisions of the Bond Documents. 
  
 (i) Property Management Agreements. Except for those certain management agreements more particularly described on EXHIBIT “Q” attached hereto and made a
part hereof (each and any one or more, a “Property Management Agreement” or the “Property Management Agreements”), there is no agreement currently in effect relating to the management of the Properties of such
Seller by any third-party management company; and except for the Kraft Foods Property Management Agreement, all of such Property Management Agreements are terminable without penalty on or before the last day of the calendar month following
thirty (30) days prior written notice of termination, and except that the Kraft Foods Property Management Agreement is terminable without penalty upon sixty (60) days prior written notice. 
  
 (j) Taxes and Assessments. Except as may be set forth on
EXHIBIT “R” attached hereto and made a part hereof, Seller has not filed, and has not retained anyone to file, notices of protests against, or to commence action to review, real property tax assessments against any
Property of such Seller. 
  
 (k) Compliance with Laws. To
such Seller’s knowledge and except as set forth on EXHIBIT “P”, such Seller has received no written notice alleging any violations of law (including any Environmental Law), municipal or county ordinances, or
other legal requirements with respect to the Properties of such Seller where such violations remain outstanding. 
  
 (l) Other Agreements. To such Seller’s knowledge, except for the Leases, the Wells OP Ground Leases, the Service Contracts, the Commission
Agreements, the Management Agreements, and the Permitted Exceptions with respect to the Properties of such Seller, there are no leases, management agreements, brokerage agreements, leasing agreements or other agreements or instruments in force or
effect that grant to any person or any entity (other than such Seller) any right, title, interest or benefit in and to all or any part of the Properties of such Seller or any rights relating to the use, operation, management, maintenance or repair
of all or any part of the Properties of such Seller which will survive the Closing or be binding upon Purchaser other than those which Purchaser has agreed in writing to assume (or is deemed to have agreed to assume) or which are terminable upon
thirty (30) days notice without payment of premium or penalty. 
  
 (m) Seller Not a Foreign Person. Such Seller is not a “foreign person” which would subject Purchaser to the withholding tax provisions of Section 1445 of the Internal Revenue Code of 1986, as amended. 
  

 57 

 (n) Employees. Such Seller has no employees to whom by virtue of such employment Purchaser will
have any obligation after the Closing. 
  
 (o) Security
Deposits. Attached hereto as EXHIBIT “X” is a chart of all Security Deposits currently held by Sellers with respect to the Property or Properties owned by such Sellers. 
  
 (p) Adjoining Properties. No Seller owns any real property that is
adjacent to any of the Properties. 
  
 (q) Lucent Undeveloped
Parcel. To the knowledge of Wells OP, Wells OP has not encumbered that certain portion of the Lucent Property described as Lot 1-B-II on Exhibit ”A-1” attached hereto in any fashion except as may be disclosed in that certain
Title Commitment issued by the Title Company to Purchaser with respect to that portion of the Lucent Property described as Lot 1-B-I on Exhibit ”A-1” attached hereto; and Wells OP has no knowledge of any exceptions affecting said
Lot 1-B-II that do not also affect said Lot 1-B-I as disclosed in said Title Commitment. 
  
 (r) Tenant Allowances and Inducements. To such Seller’s knowledge, and except as disclosed in this Agreement and provisions for payment of which are contained elsewhere in this Agreement, there are no
tenant allowances or inducements outstanding or unpaid to any tenant of such Seller’s Property as of the Effective Date hereof and as of the date of Closing; and if any such tenant allowance or other inducement shall be outstanding and unpaid
as of the date of Closing in accordance with the terms of such tenant’s Lease, such Seller agrees to pay the same to Purchaser at Closing by means of a credit against the Purchase Price of such Property. 
  
 The representations and warranties made in this Agreement by such Seller
shall be continuing and shall be deemed made as of the Effective Date of this Agreement, and remade by such Seller as of the Closing Date in all material respects, with the same force and effect as if made on, and as of, such date, subject to such
Seller’s right to update such representations and warranties by written notice to Purchaser and in the certificate of such Seller to be delivered pursuant to Section 5.1(o) hereof. 
  
 Except as otherwise expressly provided in this Agreement or in any documents
to be executed and delivered by Sellers to Purchaser at the Closing, none of the Sellers has made, and Purchaser has not relied on, any information, promise, representation or warranty, express or implied, regarding the Property, whether made by
Sellers, or any of them, on behalf of Sellers or any of them, or otherwise, including, without limitation, the physical condition of the Properties, the financial condition of the tenants under the Leases, the Wells OP Ground Leases, title to or the
boundaries of the Properties, pest control matters, soil conditions, the presence, existence or absence of hazardous wastes, toxic substances or other environmental matters, compliance with building, health, safety, land use and zoning laws,
regulations and orders, structural and other engineering characteristics, traffic patterns, market data, economic conditions or projections, past or future economic performance of the tenants or the Properties, and any other information pertaining
to the Properties or the market and physical environments in which the Properties are located. Purchaser acknowledges (i) that Purchaser has entered into this Agreement with the 

  

 58 

 
intention of making and relying upon its own investigation or that of Purchaser’s own consultants and representatives with respect to the physical,
environmental, economic and legal condition of the Properties and (ii) that Purchaser is not relying upon any statements, representations or warranties of any kind, other than those specifically set forth in this Agreement or in any document to be
executed and delivered by Sellers or any of them to Purchaser at the Closing, made (or purported to be made) by Sellers or any of them or anyone acting or claiming to act on behalf of Sellers or any of them. Purchaser has inspected the Properties
and has become fully familiar with the physical condition thereof and, subject to the terms and conditions of this Agreement, shall purchase the Properties in their “as is” condition, “with all faults,” on the Closing Date. The
provisions of this paragraph shall survive the Closing for a period of one hundred eighty (180) days following the Closing. 
  
 4.2. Knowledge Defined. All references in this Agreement to the “knowledge of Wells OP” or “to Wells OP’s
knowledge” or “to the “knowledge of a Wells Affiliate” or “to a Wells Affiliate’s knowledge” or to the “knowledge of such Seller” or “to such Seller’s knowledge”, shall refer only to the
actual knowledge of David H. Steinwedell, Chief Investment Officer, and Frank Parker Hudson, Managing Director of Dispositions, for Sellers, and of the persons named on EXHIBIT “S” attached hereto and made a part
hereof with respect to each Property owned by such Seller, each of which persons named on the attached EXHIBIT “S” whom has been actively involved in the management of such Seller’s business
in respect of the designated Property or Properties owned by such Seller in the capacity as Asset Manager for such Seller. The term “knowledge of Wells OP” or “to Wells OP’s knowledge” or to the “best knowledge of a
Wells Affiliate” or “to a Wells Affiliate’s knowledge” or to the “best knowledge of such Seller” or “to such Seller’s knowledge”, shall not be construed, by imputation or otherwise, to refer to the
knowledge of Wells OP or such Wells Affiliate, or any affiliate of Wells OP or such Wells Affiliate, or to any other partner, member, beneficial owner, officer, director, agent, manager, representative or employee of Wells OP or such Wells
Affiliate, or any of their respective affiliates, or to impose on David H. Steinwedell or Frank Parker Hudson or any of the individuals named on the attached EXHIBIT “S” any duty to investigate
the matter to which such actual knowledge, or the absence thereof, pertains. There shall be no personal liability on the part of David H. Steinwedell, Frank Parker Hudson or the individuals named on the attached
EXHIBIT “S” arising out of any representations or warranties made herein or otherwise. 
  
 4.3. Covenants and Agreements of Sellers. 
  
 (a) Leasing Arrangements. During the pendency of this Agreement, no Seller will enter into any lease affecting the Properties of such Seller, or
modify or amend in any respect, or terminate, any of the existing Leases or the Wells OP Ground Leases affecting the Properties of such Seller without Purchaser’s prior written consent in each instance, which consent, prior to the end of the
Inspection Period, shall not be unreasonably withheld, delayed or conditioned and which shall be deemed given unless withheld by written notice to such Seller given within five (5) Business Days after Purchaser’s receipt of such Seller’s
written request therefor, each of which requests shall be accompanied by a copy of any proposed modification or amendment of an existing Lease, Wells OP Ground Leases or of any new lease that such Seller wishes to execute between the Effective Date
and the Closing Date, including, without limitation, a description of any Tenant Inducement Costs and leasing commissions associated 

  

 59 

 
with any proposed renewal or expansion of an existing Lease or Wells OP Ground Lease or with any such new lease. If Purchaser fails to notify such Seller in
writing of its approval or disapproval within said five (5) Business Day period, such failure by Purchaser shall be deemed to be the approval of Purchaser. After the end of the Inspection Period and Purchaser’s timely deposit of the Earnest
Money, Seller shall not enter into any lease affecting any Property of such Seller, or modify or amend in any respect, or terminate any of the existing Leases or the Wells OP Ground Leases without Purchaser’s prior written consent in each
instance, which consent may be withheld in Purchaser’s sole discretion. At Closing, Purchaser shall reimburse each Seller for any Tenant Inducement Costs, leasing commissions or other expenses, including reasonable attorneys’ fees,
actually incurred by such Seller pursuant to a renewal or expansion of any existing Lease or Wells OP Ground Lease or new lease approved by Purchaser hereunder. 
  

(b) New Contracts. During the pendency of this Agreement, except for the Capital One Lake Easement Deed and the Kerr McGee Sewer Easement (which
sewer easement agreement has been circulated for execution), none of the Sellers will enter into any contract, or modify, amend, renew or extend any existing contract, that will be an obligation affecting the Properties of such Seller or any part
thereof subsequent to the Closing without Purchaser’s prior written consent in each instance (which Purchaser agrees not to withhold or delay unreasonably), except contracts entered into in the ordinary course of business that are terminable
without cause (and without penalty or premium) on thirty (30) days (or less) notice. 
  
 (c) Operation of Property. During the pendency of this Agreement, each Seller shall continue to operate the Properties of such Seller in a good and businesslike fashion consistent with such Seller’s past
practices. 
  
 (d) Insurance. During the pendency of this
Agreement, each Seller shall, at such Seller’s expense, continue to maintain the insurance policies covering the Improvements of such Seller which are currently in force and effect. 
  
 (e) Tenant Estoppel Certificates. Each Seller shall endeavor in good faith (but without obligation to incur any cost
or expense) to obtain and deliver to Purchaser prior to Closing a written Tenant Estoppel Certificate in the form attached hereto as EXHIBIT “M” signed by each tenant under each of the Leases affecting the Properties
of such Seller; provided that delivery of such signed Tenant Estoppel Certificates shall be a condition of Closing only to the extent set forth in Section 6.1(c) hereof; and in no event shall the inability or failure of such Seller to obtain
and deliver said Tenant Estoppel Certificates (each Seller having used its good faith efforts as set forth above as to tenants under Leases of the Properties of such Seller) be a default of such Seller hereunder. In addition to the foregoing,
Sellers shall use their good faith efforts (but without obligation to incur any cost or expense) to have the tenants of certain of the Properties confirm the information requested by Purchaser as set forth on Exhibit “V” attached
hereto and made a part hereof in such tenants’ respective tenant estoppel certificates; it being specifically understood and agreed, however, that the confirmation by said tenants of the applicable information on the attached Exhibit
“V” except as specifically set forth to the contrary in Section 6.1(c) hereof with regard to certain information identified as “critical” as to the Tenant Estoppel Certificates for the Alstom Property, the AT&T
(PA) Property and the Capital One Property, shall not be a condition to Closing and the failure or inability of Sellers to obtain such written confirmation from said tenants (Sellers having used their good faith efforts as aforesaid) shall not be a
default of Sellers. 
  

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 (f) Lease Guarantor Estoppel Certificates. Each applicable Seller shall endeavor in good faith
(but without obligation to incur any cost or expense) to obtain and deliver to Purchaser prior to Closing a written Lease Guarantor Estoppel Certificate in the form attached hereto as EXHIBIT “T” signed by each Lease
Guarantor with respect to the guaranty given or made by such Lease Guarantor with respect to certain Leases affecting the Properties of such Seller; provided that the delivery of such signed Lease Guarantor Estoppel Certificates shall be a condition
of Closing only to the extent set forth in Section 6.1(d) hereof, and in no event shall the inability or failure of such Seller to obtain and deliver said Lease Guarantor Estoppel Certificates (each applicable Seller having used its good
faith efforts as set forth above as to the Lease Guarantor(s) of Leases of the Properties of such Seller) be a default of such Seller hereunder. 
  
 (g) Highwoods Estoppel Certificates. Wells OP shall endeavor in good faith (but without obligation to incur any cost of expense) to obtain and
deliver to Purchaser prior to Closing a written estoppel certificate in the form attached hereto as EXHIBIT “Y” signed by Highwoods Properties, Inc., a Maryland corporation, with respect to each of the Highwoods
Rental Guaranty Agreements given and made with respect to certain Leases affecting the Capital One Property; provided that the delivery of the Highwood Estoppel Certificates shall be a condition of Closing only to the extent set forth in Section
6.1(e) hereof, and in no event shall the inability or failure of Wells OP to obtain and deliver the Highwoods Estoppel Certificates (Wells OP having used its good faith efforts as set forth above) be a default of Wells OP hereunder. 

 
 (h) Association Estoppels. Sellers shall endeavor in good faith
(but without obligation to incur any cost or expense other than such incidental cost or expense as may be specifically contemplated in the applicable Declaration) to obtain and deliver to Purchaser prior to Closing a written Association Estoppel
Certificate signed on behalf of the applicable Associations with respect to the Declarations more particularly described on the attached EXHIBIT “D”; provided that in no event shall the inability or failure of any
Seller to obtain and deliver said Association Estoppel Certificates (Sellers having used their respective good faith efforts as set forth above) be a default of such Seller hereunder. 
  
 (i) Declarant Estoppels. Sellers shall endeavor in good faith (but without obligation to incur any cost or expense
other than such incidental cost or expense as may be specifically contemplated in the applicable Declaration) to obtain and deliver to Purchaser prior to Closing a written Declarant Estoppel Certificate signed by the applicable Declarant under those
certain Declarations more particularly described on the attached EXHIBIT “D”; provided that in no event shall the inability or failure of any Seller to obtain and deliver said Declarant Estoppel Certificates (Sellers
having used their respective good faith efforts as set forth above) be a default of such Seller hereunder. 
  
 (j) Ground Lessor Estoppels. Wells OP shall endeavor in good faith (but without obligation to incur any cost or expense) to obtain and deliver to
Purchaser prior to 

  

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Closing a written Ground Lessor Estoppel Certificate in the forms attached hereto as EXHIBIT “H” signed by the applicable
ground lessors under the ASML Sub-Ground Lease, the Ingram Micro Bond Lease and the ISS Bond Lease; provided that in no event shall the inability or failure of Wells OP to obtain and deliver said Ground Lessor Estoppel Certificates (Wells OP having
used its good faith efforts as set forth above) be a default of Wells OP hereunder. 
  
 (k) Other Third Party Estoppels. Sellers shall endeavor in good faith (but without obligation to incur any cost or expense) to obtain and deliver to Purchaser prior to Closing a written estoppel certificate
signed on behalf of any other third party as may be reasonably requested by Purchaser and in such form as may be reasonably requested by Purchaser (each an “Other Third Party Estoppel Certificate” and any one or more, “Other
Third Party Estoppel Certificates”), including, without limitation, estoppel certificates with respect to any Tax Abatement Agreements which, by their express terms, contain provisions for the giving of estoppel certificates; provided that
in no event shall the inability or failure of any Seller to obtain and deliver said Other Third Party Estoppel Certificates (Sellers having used their respective good faith efforts as set forth above) be a default of such Seller or a condition to
Closing; and provided further that it is expressly understood and agreed that any one or more estoppel certificates with respect to any of said Tax Abatement Agreement may not be available, if at all, until after Closing. 
  
 (l) ROFR Notice to Bank of America. Sellers and Purchaser mutually
acknowledge and agree that prior to the Effective Date of this Agreement, Wells Brea delivered an offer notice (the “Bank of America ROFR Notice”) to Bank of America NT & SA, the tenant of the Bank of America Property, notifying
it of Purchaser’s offer to purchase the Bank of America Property for the Purchase Price provided hereunder for said Property, and containing other relevant terms of Purchaser’s offer to purchase the Bank of America Property as required
pursuant to the terms of said tenant’s right of first refusal to purchase said Property as set forth in its Lease, and offering Bank of America NT & SA the right to purchase the Bank of America Property on the terms set forth in its Lease
and the Bank of America ROFR Notice. Wells Brea shall keep Purchaser promptly apprised of any written response received by Wells Brea from Bank of America NT & SA in response to such notice. 
  
 (m) SNDAs. Sellers shall endeavor in good faith (but without
obligation to incur any cost or expense) to obtain from the Major Tenants of the Properties subordination, nondisturbance and attornment agreements in the form reasonably requested by Purchaser’s lender or in the form attached to such
tenants’ respective Leases (“SNDA” or “SNDAs”); provided, however, that in no event shall the inability or failure of any Seller to obtain and deliver said SNDAs (Sellers having used their respective good faith
efforts as set forth above) be a default of such Seller hereunder; and provided further that Purchaser shall deliver to Sellers the completed forms of all such SNDAs as soon as reasonably practicable following the Effective Date of this Agreement.

  
 (n) Termination of Existing Property Management
Agreements. Following the Effective Date of this Agreement and prior to Closing, Sellers agree to give written notice to each of the Property Managers of termination of each such Property Manager’s Property Management Agreement, such
termination to be effective only in the event of the closing of the 

  

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purchase and sale of the Property between such Seller and Purchaser; provided, however, that Purchaser acknowledges and agrees that the respective Property
Management Agreements for the Allstate Property, the Alstom Power Property, the AT&T (OK) Property, the Daimler Chrysler Property, the IKON Property, the John Wiley Property, the Kerr McGee Property, the Pacificare Property, the Transocean
Property and the Travelers Express Property provide that the effective date of the termination of the engagement of the respective Property Manager thereunder is the last day of the calendar month occurring at least thirty (30) days after the
delivery of written notice of termination, and that the Property Management Agreement for the Kraft Foods Property provides that the effective date of the termination of the engagement of the Property Manager thereunder is the last day of the
calendar month occurring at least sixty (60) days after the delivery of written notice of termination. At Closing, Purchaser hereby agrees to assume the obligations of each applicable Seller under all of said Property Management Agreements first
accruing on or after the Closing through the effective date of such termination of each such Property Management Agreement. Following the Effective Date of this Agreement and prior to Closing, Purchaser shall have the right to negotiate in good
faith new property management agreements and related agreements with the Property Manager, using Purchaser’s standard forms for same and incorporating the same or substantially equivalent economic terms as each such Property Manager’s
Property Management Agreement with the applicable Seller. Sellers and Purchaser mutually acknowledge and agree that the execution and delivery by any Property Manager of replacement property management agreements and related agreements on
Purchaser’s forms shall not be a condition to Closing, and Sellers shall have no obligations whatsoever to Purchaser with respect to Purchaser’s negotiations with the Property Managers. 
  
 (o) Second Amendment to Gartner Office Lease. Sellers shall endeavor
in good faith (but without obligation to incur any cost or expense) to obtain the execution and delivery by Gartner, Inc., at or prior to Closing of the Gartner Property, of that certain Second Amendment to Gartner Office Lease substantially in the
form attached hereto as Exhibit “CC” and made a part hereof (the “Gartner Lease Amendment”), with such modifications thereto as may be reasonably approved requested by Gartner, Inc. and approved by Purchaser;
provided, however, that the failure or inability of Sellers to obtain and deliver the Gartner Lease Amendment by Closing (Sellers having used their good faith efforts as aforesaid) shall in no event be deemed a default of Sellers. 
  
 (p) Letter Amendment to ISS Building III Lease. Sellers shall endeavor
in good faith (but without obligation to incur any cost or expense) to obtain the execution and delivery by Internet Security Systems, Inc., at or prior to Closing of the ISS Property, of that certain letter amendment to the ISS Building III Lease
substantially in the form attached hereto as Exhibit “DD” and made a part hereof (the “ISS Lease Amendment”), with such modifications thereto as may be reasonably approved requested by Internet Security Systems,
Inc. and approved by Purchaser; provided, however, that the failure or inability of Sellers to obtain and deliver the ISS Lease Amendment by Closing (Sellers having used their good faith efforts as aforesaid) shall in no event be deemed a default of
Sellers. 
  
 (q) Alstom Power Property / French Drain
Work. Prior to the Effective Date hereof, Wells Virginia REIT has disclosed to Purchaser that certain work at the Alstom Power Property, which consists of the installation of a so-called “french drain” system as more 

  

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particularly shown in the plans attached hereto as Exhibit “EE” and made a part hereof, has been planned and is in progress, with all such
work anticipated to be completed on or about February 22, 2005, as set forth on the schedule included as a part of the attached Exhibit “EE” (the “Alstom Power Property Drain Work”), and that such work is being
prosecuted by and under the direction of Wells Virginia REIT’s developer of the Alstom Power Property, ADEVCO Corporation. As between Sellers and Purchaser, Wells Virginia REIT shall be and remain responsible for assuring that the Alstom Power
Property Drain Work is completed in accordance with the plans therefor, and in a good and workmanlike and lien-free manner and in accordance with all applicable laws. Within ten (10) days following the date of substantial completion (as certified by
the general contractor performing such work), representatives of Wells Virginia REIT, Purchaser and the tenant of the Alstom Power Property shall jointly conduct a walk-through and inspection of the Alstom Power Drain Work and jointly prepare and
approve a list of punch list items to be completed in accordance with the terms hereof. Wells Virginia REIT shall promptly and with due diligence complete all such punch list items. If for any reason beyond the reasonable control of Wells Virginia
REIT, any portion of the Alstom Power Property Drain Work is not so completed prior to the Closing Date, Wells Virginia REIT agrees that it shall remain responsible for assuring the completion of all of such work as aforesaid following the Closing
of such Property; and in such event the provisions of this subsection shall survive the Closing. 
  
 (r) Consents to Assignment of Tax Abatement Agreements, Bond Documents and Leasehold Interests. Sellers and Purchaser mutually acknowledge and
agree that the transfer of certain of the Tax Abatement Agreements to Purchaser requires the consent and approval of certain governmental or quasi-governmental entities, that the transfer of the Ingram Micro Bond Lease to Purchaser requires the
consent and approval of certain governmental and quasi-governmental entities, that the transfer of the ASML Property to Purchaser requires the approval of the ASML Ground Lessors, and that the transfer of the ISS Bonds requires action by the
Development Authority of Fulton County, Georgia. Sellers and Purchaser shall cooperate and use their respective good faith efforts to prepare and the necessary applications for seek such approvals and consents, including, without limitation, the
delivery by Purchaser to Sellers as expeditiously as possible information regarding the ownership structures of Purchaser’s acquisition entities for the affected Properties. Subject to the foregoing, Sellers and Purchaser shall seek to obtain
such approvals and consents prior to Closing. In the event, however, that the transfer and assignment of the Tax Abatement Agreements for the Kerr McGee Property and the Pacificare Property have not been obtained prior to the outside date for
Closing, or replacement original ISS Bonds issued in the name of Purchaser or a replacement Ingram Micro Industrial Development Revenue Note shall not have been obtained prior to the outside date for Closing, the same shall not be conditions to
Closing; and the parties shall continue to pursue obtaining such approvals and the issuance of such replacement ISS Bonds and the replacement Ingram Micro Industrial Development Revenue Note as expeditiously as practicable following the Closing of
said Properties. The provisions of this subsection shall survive the Closing. 
  
 (s) Construction of Gartner Surface Parking Expansion. Wells Funds XI and XII REIT JV and Wells OP hereby covenant and agree to construct and install no fewer than one hundred twenty-five (125) surface parking
spaces on the Gartner Surface Parking Property in accordance with the Gartner Parking Plans and all applicable governmental laws, statutes, 

  

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ordinances, codes, rules and regulations (such work is herein referred to as the “Gartner Parking Work”), with all of such work to be
completed within the time and otherwise in accordance with the terms of the Gartner Parking Lease. All of such Gartner Parking Work shall be performed in a good and workmanlike manner, employing reasonable standards of construction, in no event
later June 30, 2005 (the “Delivery Date” as defined in the Gartner Parking Lease) (subject to force majeure in accordance with the Gartner Parking Lease) and on a lien-free basis and in accordance with the terms of the Gartner Parking
Lease. Purchaser’s engineer shall be permitted to inspect the Gartner Parking Work on a periodic basis until the completion thereof. For purposes hereof, “substantial completion” shall mean the date upon which the work contemplated
herein and by the Gartner Parking Lease and the Gartner Parking Plans shall have been substantially completed in accordance with the standards set forth herein and therein (inclusive of landscaping, to the extent landscaping can be feasibly
installed due to the season), as evidenced by a certificate to such effect from the engineer who prepared plans for such work, and subject only to minor punch list items approved by Gartner, Inc., as tenant, and Purchaser. Within ten (10) days
following the date of substantial completion (as certified by Seller’s engineer), representatives of such Sellers, Purchaser and said tenant shall jointly conduct a walk-through and inspection of the Gartner Parking Work and jointly prepare and
approve a list of punch list items to be completed in accordance with the terms hereof (the “Gartner Punch List Items”). Such Sellers shall promptly and with due diligence complete such Gartner Punch List Items. Upon final
completion of such work, such Sellers shall assign to Purchaser all warranties and guaranties given or made in connection with such work, including, without limitation, a one-year guaranty of such work given by the general contractor performing such
work, and such Sellers shall provide to Purchaser: (i) such Sellers’ engineer’s certificate of final completion, (ii) copies of all governmental permits or approvals required to be issued in connection with the construction and use of the
additional surface parking improvements; (iii) the sworn final lien waiver and affidavit of the general contractor, (iv) final lien waivers from all contractors, subcontractors and materialmen; and (v) any other information or documentation
reasonably requested by Purchaser and available at no additional cost or expense to Sellers to evidence the lien-free completion of construction and payment of all costs associated with the Gartner Parking Work. In addition to the foregoing,
promptly following the final completion of the Gartner Parking Work, but in no event later than July 15, 2005, Sellers shall pay to Purchaser an amount equal to the remaining balance of the $468,000.00 tenant allowance provided under the
first amendment to the Gartner Office Lease after deducting therefrom, as contemplated pursuant to Section 5 of the first amendment to the Gartner Office Lease (x) the initial $5,000.00 for payment of rent under the Gartner Parking Lease, and (y)
the cost of the Gartner Parking Work (including, without limitation, the actual cost of the fixed price contract and a five percent (5%) construction management fee, all subject to and in accordance with the applicable provisions of the Gartner
Parking Lease), together with copies of all invoices, bills and other reasonable supporting information relating to the cost of the Gartner Parking Work. Wells Funds XI and II REIT JV and Wells OP hereby reserve and retain the right and privilege,
on behalf of such Sellers, their agents, contractors and employees, of entering upon the Gartner Property from and after the Closing as reasonably necessary to complete the construction and installation of the Gartner Parking Work. Such Sellers
shall maintain or shall cause the general contractor performing the Gartner Parking Work to maintain commercially reasonable insurance coverage at all times during the performance of such work. Such Sellers shall and hereby agree to indemnify and
hold Purchaser harmless from and against any and all loss, liability, cost, damage 
  

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 or expense that Purchaser may suffer or incur (including, without limitation, reasonable attorneys’ fees actually
incurred) proximately caused by the performance of the Gartner Parking Work or by such Sellers’ failure to complete the Gartner Parking Work in accordance with the provisions of this Section 4.3(s). In the event that such Sellers shall
default in the performance of their obligations pursuant to this Section 4.3(s) and such default shall continue for a period of five (5) Business Days after written notice from Purchaser or Gartner, Inc. to such Sellers (provided, however,
that such Sellers shall not be deemed in default hereunder if such Sellers commence such remedy or cure within five (5) Business Days after receipt of such notice, and thereafter diligently pursues to remedy or cure such default so long as such cure
is completed on or before June 30, 2005), then Purchaser may, but shall not be obligated, to complete the Gartner Parking Work at such Sellers’ expense. The provisions of this Section 4.3(s) shall survive the Closing for a period of one
(1) year following the date of substantial completion of said work. 
  
 (t) ASML Non-Disturbance Agreement. Wells OP agrees to use good faith efforts to seek to obtain (at no cost or expense to Wells OP) the execution and delivery by the Prime Ground Lessor of a non-disturbance agreement in a form
reasonably requested by Purchaser and provided to Wells OP promptly following the Effective Date hereof by Purchaser’s Counsel (the “ASML Non-Disturbance Agreement”). In no event, however, shall the inability or failure of
Wells OP to obtain and deliver the ASML Non-Disturbance Agreement (Wells OP having used its good faith efforts as set forth above) be a default of Wells OP hereunder, and in no event shall the execution and delivery of the ASML Non-Disturbance
Agreement be a condition to Closing hereunder. 
  
 (u) Nissan
Quitclaim Deed. Wells OP agrees to use good faith efforts to obtain (at no cost or expense to Wells OP) the execution and delivery of the Nissan Quitclaim Deed. In no event, however, shall the inability or failure of Wells OP to obtain and
deliver the Nissan Quitclaim Deed (Wells OP having used its good faith efforts as set forth above) be a default of Wells OP hereunder, and in no event shall the execution and delivery of the Nissan Quitclaim Deed be a condition to Closing hereunder.

  
 4.4. Representations and Warranties of Purchaser.

  
 (a) Organization, Authorization and Consents.
Purchaser is a duly organized and validly existing statutory real estate investment trust under the laws of the State of Maryland. Purchaser has the right, power and authority to enter into this Agreement and to purchase the Property in accordance
with the terms and conditions of this Agreement, to engage in the transactions contemplated in this Agreement and to perform and observe the terms and provisions hereof. 
  
 (b) Action of Purchaser, Etc. Purchaser has taken all necessary action to authorize the execution, delivery and
performance of this Agreement, and upon the execution and delivery of any document to be delivered by Purchaser on or prior to the Closing, this Agreement and such document shall constitute the valid and binding obligation and agreement of
Purchaser, enforceable against Purchaser in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general application affecting the rights and remedies of
creditors. 
  

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 (c) No Violations of Agreements. Neither the execution, delivery or performance of this Agreement
by Purchaser, nor compliance with the terms and provisions hereof, will result in any breach of the terms, conditions or provisions of, or conflict with or constitute a default under the terms of any indenture, deed to secure debt, mortgage, deed of
trust, note, evidence of indebtedness or any other agreement or instrument by which Purchaser is bound. 
  
 (d) Litigation. To Purchaser’s knowledge, Purchaser has received no written notice that any action or proceeding is pending or threatened,
which questions the validity of this Agreement or any action taken or to be taken pursuant hereto. 
  
 The representations and warranties made in this Agreement by Purchaser shall be continuing and shall be deemed remade by Purchaser as of the Closing Date,
with the same force and effect as if made on, and as of, such date subject to Purchaser’s right to update such representations and warranties by written notice to Sellers and in Purchaser’s certificate to be delivered pursuant to
Section 5.2(o) hereof. 
  
 4.5 Covenants and
Agreements of Purchaser. Sellers and Purchaser hereby mutually acknowledge and agree that prior to the Effective Date of this Agreement, Sellers and Purchaser engaged in extensive negotiations, and Purchaser undertook due diligence
investigations [including, without limitation, an interview with representative(s) of Matsushita (as defined below)], with respect to the potential sale by Wells OP and the purchase by Purchaser, in addition to the Properties that are the subject of
this Agreement, of that certain improved real property located at 26200 Enterprise Way, in the City of Lake Forest, Orange County, California, which is leased by Wells OP to Matsushita Avionics Systems Corporation pursuant to that certain Office
Lease, dated February 18, 1999, between Wells OP and Matsushita Avionics Systems Corporation, as amended by amendments dated July 30, 1999, April 30, 2001, and September 18, 2002 (said lease, as so amended, is herein referred to as the
“Existing Matsushita Lease”). Matsushita Avionics Systems Corporation, together with Matsushita Electric Corporation of America, and its or their direct or indirect affiliates, subsidiaries, parents or divisions, are herein referred
to collectively as “Matsushita”; and the real property which is the subject of the Existing Matsushita Lease is herein referred to as the “Matsushita Property”. Sellers and Purchaser hereby further acknowledge and
agree that at the request of Purchaser, the Matsushita Property is not included in the Properties which are the subject of this Agreement. As a material inducement to the agreement of Sellers to enter into this Agreement for the purchase and sale of
the Properties without the inclusion of the Matsushita Property, Purchaser, for itself and the Purchaser-Related Entities, hereby covenants and agrees that, for a period of five (5) years after the Effective Date of this Agreement, neither Purchaser
nor any Purchaser-Related Entity shall, directly or indirectly, lease, offer or agree to lease, sell or offer to sell to Matsushita, or accept an offer to lease or purchase from Matsushita, with respect to any real property or any interest in any
real property, or in any space now or hereafter available in any real property, which is located within Orange County, California, and which Purchaser or any Purchaser-Related Entity now or hereafter owns, manages or leases, or in which Purchaser or
any Purchaser-Related Entity now has or hereafter acquires an ownership interest (a “Purchaser-Controlled Competing Property”). Purchaser agrees that in addition to any other remedy that may be available at law, in equity or under
this Agreement, Sellers shall 

  

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be entitled to specific performance and injunctive relief, without posting bond or any other security to enforce or prevent the violation of the covenants
contained in this Section. The covenants and agreements contained in this Section shall be presumed to be enforceable, and any reading causing unenforceability shall yield to a construction permitting enforcement. In the event a court should
determine not to enforce the covenants contained herein as written due to overbreadth, the parties specifically agree that said covenant shall be enforced to the maximum extent reasonable, whether said revisions shall be in time, territory, scope of
prohibited activities or other respects. The provisions of this Section 4.5 shall survive the Closing under this Agreement or any earlier termination of this Agreement. 
  
 ARTICLE 5. 
 CLOSING DELIVERIES, CLOSING COSTS AND PRORATIONS 
  
 5.1. Sellers’ Closing Deliveries. For and in consideration of, and as a condition precedent to Purchaser’s delivery to Sellers of the Purchase Price, Sellers shall obtain or execute and deliver to Purchaser at
Closing the following documents, all of which shall be duly executed, acknowledged and notarized where required: 
  
 (a) Limited Warranty Deeds. A limited warranty deed, special warranty deed, grant deed or similar deed in the form customarily used in the
jurisdiction in which the applicable Property is located pursuant to which a grantor warrants title only as to parties claiming by, through or under the grantor but not otherwise, from each Seller with respect to the Wells OP Land and associated
Wells OP Improvements or applicable Wells Affiliate Land and associated Wells Affiliate Improvements owned by such Seller (each, a “Limited Warranty Deed”), subject only to the Permitted Exceptions applicable to such Property, and
executed and acknowledged by such Seller. The legal descriptions of the Wells OP Lands and Wells Affiliate Lands set forth in the Limited Warranty Deeds shall be based upon and conform to the applicable legal descriptions attached hereto as
EXHIBIT “A-1” and EXHIBIT “A-2”. If and to the extent that any of the Permitted Exceptions to which a particular Property is subject requires the recitation or incorporation in any deed
of any provisions of such Permitted Exception, the Limited Warranty may conform to such requirements; 
  
 (b) Quitclaim Deed. Upon request, each Seller shall deliver a quitclaim deed in the form customarily used in the jurisdiction or jurisdictions in
which the Property or Properties of such Seller are located to convey the Property or Properties owned by such Seller by reference to the metes and bounds legal description of such Property as reflected on an updated Survey of such Property obtained
by Purchaser; 
  
 (c) Assignment and Assumption of
Lessee’s Interests in Wells OP Ground Leases. With respect to each of the Wells OP Ground Leases, the following: 
  

	 	(i)	Assignment and Assumption of ASML Sub-Ground Lease. Two (2) counterparts of an assignment and assumption of the lessee’s interest in the ASML Sub-Ground Lease in the
form attached hereto as SCHEDULE 1 and made a part hereof (the “Assignment and Assumption of ASML Sub-Ground Lease”); 

  

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	 	(ii)	Assignment and Assumption of Ingram Micro Bond Lease. Two (2) counterparts of an assignment and assumption of the lessee’s interest in the Ingram Micro Bond Lease in the
form attached hereto as SCHEDULE 2 and made a part hereof (the “Assignment and Assumption of Ingram Micro Bond Lease”); and 

  

	 	(iii)	Assignment and Assumption of ISS Bond Lease. Two (2) counterparts of an assignment and assumption of the lessee’s interest in the ISS Bond Lease in the form attached
hereto as SCHEDULE 3 and made a part hereof (the “Assignment and Assumption of ISS Bond Lease”); 

  
 (d) Assignment and Assumption of Leases and Security Deposits. Two (2) counterparts with respect to each Seller of an assignment and assumption of
the Leases and Security Deposits with respect to the Properties of such Seller and, to the extent required elsewhere in this Agreement, the obligations of such Seller under the Commission Agreements with respect to the Properties of such Seller in
the form attached hereto as SCHEDULE 4 (the “Assignment and Assumption of Leases”), executed and acknowledged by such Seller, 
  
 (e) Assignment and Assumption of ASML Sublease. Two (2) counterparts of an assignment and assumption of the ASML
Sublease in the form attached hereto as SCHEDULE 5 (the “Assignment and Assumption of ASML Sublease”); 
  
 (f) Assignment and Assumption of Ingram Micro Sublease. Two (2) counterparts of an assignment and assumption of the Ingram Micro Sublease in the
form attached hereto as SCHEDULE 6 (the “Assignment and Assumption of Ingram Micro Sublease”); 
  
 (g) Assignment and Assumption of ISS Subleases. Two (2) counterparts of an assignment and assumption of the ISS Subleases in the form attached
hereto as SCHEDULE 7 (the “Assignment and Assumption of ISS Subleases”); 
  
 (h) Bill of Sale. A bill of sale from each Seller for the Personal Property of such Seller in the form attached hereto as
SCHEDULE 8 (the “Bill of Sale”), without warranty as to the title or condition of the Personal Property of such Seller; 
  

(i) Assignment and Assumption of Ingram Micro Loan Documents. Two (2) counterparts of an assignment and assumption of the Ingram Micro Loan
Documents in the form attached hereto as SCHEDULE 9 (the “Assignment and Assumption of Ingram Micro Loan Documents”); 
  
 (j) Assignment of ISS Bonds. A transfer and assignment of the ISS Bonds, executed on behalf of Wells OP, accompanied by the original ISS Bonds,
transferring the same to Purchaser; 
  

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 (k) Assignment and Assumption of ISS Bond Documents. Two (2) counterparts of an assignment and
assumption of the ISS Bond Documents in the form attached hereto as SCHEDULE 10 (the “Assignment and Assumption of ISS Bond Documents”); 
  
 (l) Assignment and Assumption of Service Contracts. Two (2) counterparts with respect to each Seller of an assignment
and assumption of Service Contracts with respect to the Properties of such Seller in the form attached hereto as SCHEDULE 11 (the “Assignment and Assumption of Service Contracts”), executed, acknowledged and
sealed by each such Seller; 
  
 (m) General Assignment. An
assignment with respect to each Seller of the Intangible Property of such Seller in the form attached hereto as SCHEDULE 12 (the “General Assignment”), executed and acknowledged by each such Seller; 

 
 (n) Seller’s Affidavit. An owner’s affidavit from each
Seller substantially in the form attached hereto as SCHEDULE 13 (“Seller’s Affidavit”), stating that there are no known boundary disputes with respect to the Properties of such Seller, that there are no
parties in possession of the Properties of such Seller other than such Seller and the tenants under the Leases of such Properties, and as to the Wells Affiliate Ground Lease Lands, the tenants and other persons and entities permitted by the Wells
Affiliate Ground Leases, and, as to the Wells OP Ground Lease Land, the tenants and other persons and entities permitted by the Wells OP Ground Lease, that any improvements or repairs made by, or for the account of, or at the instance of such Seller
to or with respect to the Properties of such Seller within ninety-five (95) days (or such longer period as may be required by the Title Company to comply with the lien laws of the applicable jurisdiction in which such Property is situated) prior to
the Closing have been paid for in full (or that adequate provision has been made therefor to the reasonable satisfaction of the Title Company), and including such other matters as may be reasonably requested by the Title Company; 
  
 (o) Seller’s Certificate. A certificate from each Seller in the
form attached hereto as SCHEDULE 14 (“Seller’s Certificate”), evidencing the reaffirmation of the truth and accuracy in all material respects of such Seller’s representations and warranties set forth
in Section 4.1 hereof, with such modifications thereto as may be appropriate in light of any change in circumstance since the Effective Date; 
  
 (p) FIRPTA Certificate. A FIRPTA Certificate from each Seller in the form attached hereto as SCHEDULE 15, or in such other
form as applicable laws may require; 
  
 (q) Ingram Micro Bond
Certificate. A bond certificate executed by the Industrial Development Board of the City of Millington, Tennessee in the form attached hereto as SCHEDULE 16 (the “Ingram Micro Bond Certificate”);

  
 (r) ISS Home Office Payment Agreement. Three (3)
counterparts of a home office payment agreement executed by the ISS Trustee and the ISS Issuer in the form attached hereto as SCHEDULE 17 (the “ISS Home Office Payment Agreement”); 
  

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 (s) Assignment and Assumption of Agreements Regarding ISS Letters of Credit. Two (2) counterparts
of an assignment and assumption of agreements regarding letter of credit executed by Wells OP and Purchaser in the form attached hereto as SCHEDULE 18 (the “Assignment and Assumption of Agreements
Regarding ISS Letters of Credit”); 
  
 (t) Assignment
of Letters of Credit. Two (2) counterparts of an assignment of letters of credit executed by the applicable Sellers in the form attached hereto as SCHEDULE 19 (the “Assignment of Letters of Credit”);

  
 (u) Assignment and Assumption of Highwoods Rental Guaranty
Agreements. Two (2) counterparts of an assignment and assumption of the interests and obligations of Wells OP under the Highwoods Rental Guaranty Agreements in the form attached hereto as SCHEDULE 21 (the
“Assignment and Assumption of Highwoods Rental Guaranty Agreements”); 
  
 (v) Assignment and Assumption of Pacificare Escrow Agreement. Two (2) counterparts of an assignment and assumption of the interests and obligations of Wells OP under the Pacificare Escrow Agreement in the form
attached hereto as SCHEDULE 22 (the “Assignment and Assumption of Pacificare Escrow Agreement”); 
  
 (w) Evidence of Authority. Such documentation as may reasonably be required by Purchaser’s title insurer to establish that this Agreement, the
transactions contemplated herein, and the execution and delivery of the documents required hereunder, are duly authorized, executed and delivered on behalf of the applicable Seller; 
  
 (x) Settlement Statements. A settlement statement setting forth the amounts paid by or on behalf of and/or credited
to each of Purchaser and each Seller pursuant to this Agreement; 
  
 (y) Surveys and Plans. Such surveys, site plans, plans and specifications, and other matters relating to the Property as are in the possession of Sellers to the extent not theretofore delivered to Purchaser; 
  
 (z) Certificates of Occupancy. To the extent the same are in the
possession of Sellers, original or photocopies of certificates of occupancy for all space within the improvements located on the Property; 
  
 (aa) Leases. To the extent the same are in the possession or control of Sellers, original executed counterparts of the Leases and the Wells OP
Ground Leases; 
  
 (bb) Tenant Estoppel Certificates. All
originally executed Tenant Estoppel Certificates as may be in the possession of Sellers; 
  
 (cc) Lease Guarantor Estoppel Certificates. All originally executed Lease Guarantor Estoppel Certificates as may be in the possession of Sellers; 
  

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 (dd) Highwoods Estoppel Certificate. All originally executed Highwoods Estoppel Certificates as
may be in the possession of Sellers; 
  
 (ee) SNDAs. All
originally executed SNDAs as may be in the possession of Sellers; 
  
 (ff) Ground Lessor Estoppel Certificates. All originally executed Ground Lessor Estoppel Certificates as may be in the possession of Wells OP; 
  

(gg) Association Estoppel Certificates. All originally executed Association Estoppel Certificates as may be in the possession of Sellers;

  
 (hh) Declarant Estoppel Certificates. All originally
executed Declarant Estoppel Certificates as may be in the possession of Sellers; 
  
 (ii) Other Third Party Estoppel Certificates. All originally executed Other Third Party Estoppel Certificates as may be in the possession of Sellers; 
  
 (jj) Notices of Sale to Tenants. Each Seller, as to each Property
owned by such Seller, will join with Purchaser in executing a notice, in form and content reasonably satisfactory to such Seller and Purchaser (the “Tenant Notices of Sale”), which Purchaser shall send to each tenant under the
Leases affecting the Properties of such Seller informing such tenant of the sale of such Properties and of the assignment to and assumption by Purchaser of such Seller’s interest in the Leases and the Security Deposits affecting such Properties
and directing that all rent and other sums payable for periods after the Closing under such Lease shall be paid as set forth in said notices; 
  
 (kk) Notices of Sale to Ground Lessors. Wells OP will join with Purchaser in executing a notice, in form and content reasonably satisfactory to
Wells OP and Purchaser (the “Ground Lessor Notices of Sale”), which Purchaser shall send to the ASML Prime Ground Lessor, the ASML Sub-Ground Lessor, the Ingram Micro Ground Lessor and the ISS Ground Lessor informing such ground
lessor of the sale of the ASML Property, the Ingram Micro Property and the ISS Property and of the assignment to and assumption by Purchaser of the interest of Wells OP under the ASML Sub-Ground Lease, the Ingram Micro Bond Lease and the ISS Bond
Lease affecting such Properties and directing that all notices to the lessee under such leases after the Closing be sent to Purchaser; 
  
 (ll) Notices of Sale to Service Contractors and Leasing Agents. Each Seller, as to the Properties of such Seller, will join with Purchaser in
executing notices, in form and content reasonably satisfactory to such Seller and Purchaser (the “Other Notices of Sale”), which Purchaser shall send to each service provider and leasing agent under the Service Contracts and
Commission Agreements (as the case may be) affecting the Properties of such Seller assumed by Purchaser at Closing informing such service provider or leasing agent (as the case may be) of the sale of such Properties and of the assignment to and
assumption by Purchaser of such Seller’s obligations under the Service Contracts and Commission Agreements affecting the Properties of such Seller arising after the Closing Date and directing that all future statements or invoices for services
under such Service Contracts and/or Commission Agreements for periods after the Closing be directed to Purchaser as set forth in said notices; 
  

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 (mm) Notices of Sale to Associations. Each applicable Seller, as to the Properties of such Seller,
will join with Purchaser in executing a notice, in form and content reasonably satisfactory to such Seller and Purchaser (the “Association Notices of Sale”), which Purchaser shall send to the Associations informing the Associations
of the sale of the Properties of such Seller and directing that all requests for payments due to such Association for periods after the Closing be directed to Purchaser as set forth in said notice and providing a notice address for Purchaser;

  
 (nn) Notices of Sale to Declarants under Declarations.
Each applicable Seller, as to the Properties of such Seller, will join with Purchaser in executing a notice, in form and content reasonably satisfactory to such Seller and Purchaser (the “Declarant Notices of Sale”), which Purchaser
shall send to the Declarants under the Declarations informing the Declarants of the sale of the Properties of such Seller and directing that all requests for payments under the Declarations for periods after the Closing be directed to Purchaser as
set forth in said notice and providing a notice address for Purchaser under the Declarations; 
  
 (oo) Assignment of Interest in Alstom Power Lease Amendments. An assignment executed by Wells OP (as the sole member of Wells Virginia REIT) transferring and assigning to Wells Virginia REIT all right, title
and interest of Wells OP in and to that certain Third Amendment to Lease Agreement, dated May 4, 2002, between Wells OP and Alstom Power Inc., that certain Fourth Amendment to Lease Agreement, dated May 31, 2002, between Wells OP and Alstom Power
Inc., and that certain Fifth Amendment to Lease Agreement, dated July 29, 2004, between Wells OP and Alstom Power Inc.; 
  
 (pp) Gartner Lease Amendment. An original fully executed counterpart of the Gartner Lease Amendment, to the extent the same is in Sellers’
possession; 
  
 (qq) ISS Lease Amendment. An original fully
executed counterpart of the ISS Lease Amendment, to the extent the same is in Sellers’ possession; 
  
 (rr) ASML Non-Disturbance Agreement. An originally fully executed counterpart of the ASML Non-Disturbance Agreement, to the extent the same is in
Seller’s possession; 
  
 (ss) Replacement Ingram Micro
Industrial Development Revenue Note. A replacement original of the Ingram Micro Industrial Development Revenue Note, as endorsed or assigned to Purchaser, to the extent the same is in Seller’s possession; or in the absence of such original
replacement note, an affidavit executed on behalf of Wells OP that such note has been lost and that Wells OP has not assigned such note to any other person; 
  
 (tt) Replacement ISS Bonds. Replacement originals of the ISS Bonds, issued in the name of Purchaser, to the extent the same are in Seller’s
possession; 
  

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 (uu) Assignment of Opus Indemnity. An assignment of all rights of Wells OP with respect to the
Opus Indemnity; 
  
 (vv) Assignment of Allstate Purchase
Option. An assignment by Wells OP to Purchaser of all rights of Wells OP under and pursuant to the Allstate Purchase Option; 
  
 (ww) Nissan Quitclaim Deed. The Nissan Quitclaim Deed, to the extent the same is in the possession of Wells OP; 
  
 (xx) Keys and Records. All of the keys to any door or lock on the
Properties and the original tenant files and other non-confidential books and records (excluding any appraisals, budgets, third party reports obtained by Sellers prior to the acquisition of the respective Properties by such Sellers, strategic plans
for the Properties, internal analyses, information regarding the marketing of the Properties for sale, submissions relating to Sellers’ obtaining of corporate authorization, attorney and accountant work product, attorney-client privileged
documents, or other information in the possession or control of Sellers which Sellers or either of them deem proprietary) relating to the Property in the possession of Sellers; 
  
 (yy) Property Manager Lien Waivers. Executed lien waivers from the managers under the Management Agreements in those
jurisdictions in which property managers may have statutory lien rights, to the extent such lien waivers may be in Sellers’ possession (Sellers hereby agreeing to use good faith efforts to obtain the same); 
  
 (zz) Original Letters of Credit. All original Letters of Credit in the
possession of Sellers, together with transfers executed by each applicable Seller, directing the respective issuers of the Letters of Credit to transfer the Letters of Credit to Purchaser as beneficiary thereunder; and 
  
 (aaa) Other Documents. Such other documents as shall be reasonably
requested by Purchaser’s title insurer to effectuate the purposes and intent of this Agreement. 
  
 5.2. Purchaser’s Closing Deliveries. Purchaser shall obtain or execute and deliver to Sellers at Closing the following documents, all
of which shall be duly executed, acknowledged and notarized where required: 
  
 (a) Assignment and Assumption of Leases. Two (2) counterparts of the Assignment and Assumption of Leases with respect to each Seller, executed and acknowledged by Purchaser; 
  
 (b) Assignment and Assumption of ASML Sub-Ground Lease. Two (2)
counterparts of the Assignment and Assumption of ASML Sub-Ground Lease, executed and acknowledged by Purchaser; 
  
 (c) Assignment and Assumption of Ingram Micro Bond Lease. Two (2) counterparts of the Assignment and Assumption of Ingram Micro Bond Lease,
executed and acknowledged by Purchaser; 
  

 74 

 (d) Assignment and Assumption of ISS Bond Lease. Two (2) counterparts of the Assignment and
Assumption of ISS Bond Lease, executed and acknowledged by Purchaser; 
  
 (e) Assignment and Assumption of Ingram Micro Loan Documents. Two (2) counterparts of the Assignment and Assumption of Ingram Micro Loan Documents, executed and acknowledged by Purchaser; 
  
 (f) Assignment and Assumption of ISS Bond Documents. Two (2)
counterparts of the Assignment and Assumption of ISS Bond Documents, executed and acknowledged by Purchaser; 
  
 (g) Assignment and Assumption of ASML Sublease. Two (2) counterparts of the Assignment and Assumption of ASML Sublease, executed and acknowledged
by Purchaser; 
  
 (h) Assignment and Assumption of Ingram Micro
Sublease. Two (2) counterparts of the Assignment and Assumption of Ingram Micro Sublease, executed and acknowledged by Purchaser; 
  
 (i) Assignment and Assumption of ISS Subleases. Two (2) counterparts of the Assignment and Assumption of ISS Subleases, executed and acknowledged
by Purchaser; 
  
 (j) Assignment and Assumption of Service
Contracts. Two (2) counterparts of the Assignment and Assumption of Service Contracts with respect to each Seller, executed and acknowledged by Purchaser; 
  

(k) General Assignment. Two (2) counterparts of the General Assignment with respect to each Seller, executed and acknowledged by Purchaser;

  
 (l) ISS Home Office Payment Agreement. Two (2)
counterparts of the ISS Home Office Payment Agreement, executed and acknowledged by Purchaser; 
  
 (m) Assignment and Assumption of Agreements Regarding ISS Letters of Credit. Two (2) counterparts of the Assignment and Assumption of Agreements Regarding ISS Letters of Credit, executed and acknowledged by
Purchaser; 
  
 (n) Assignment of Letters of Credit. Two (2)
counterparts of the Assignment of Letters of Credit, executed by Purchaser; 
  
 (o) Assignment and Assumption of Highwoods Rental Guaranty Agreements. Two (2) counterparts of the Assignment and Assumption of Highwoods Rental Guaranty Agreements. 
  
 (p) Purchaser’s Certificate. A certificate in the form attached
hereto as SCHEDULE 22 (“Purchaser’s Certificate”), evidencing the reaffirmation of the truth and accuracy in all material respects of Purchaser’s representations and warranties contained in Section
4.4 hereof, with such modifications thereto as may be appropriate in light of any change in circumstances since the Effective Date; 
  

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 (q) Notice of Sale to Tenants. The Tenant Notices of Sale, executed by Purchaser, as contemplated
in Section 5.1(cc) hereof; 
  
 (r) Notices of Sale to
Ground Lessors. The Ground Lessor Notices of Sale, executed by Purchaser, as contemplated in Section 5.1(dd) hereof; 
  
 (s) Notices of Sale to Service Contractors and Leasing Agents. The Other Notices of Sale to service providers and leasing agents, as contemplated
in Section 5.1(ee) hereof; 
  
 (t) Notices of Sale to
Associations. The Association Notices of Sale, executed by Purchaser, as contemplated in Section 5.1(ff) hereof; 
  
 (u) Notices of Sale to Declarants. The Declarant Notices of Sale, executed by Purchaser, as contemplated in Section 5.1(gg) hereof;

  
 (v) SNDAs. Such SNDAs as may have been executed and
delivered by any Major Tenants; 
  
 (w) Assignment and
Assumption of Pacificare Escrow Agreement. Two (2) counterparts of the Assignment and Assumption of Pacificare Escrow Agreement; 
  
 (x) Settlement Statement A settlement statement setting forth the amounts paid by or on behalf of and/or credited to each of Purchaser and Sellers
pursuant to this Agreement; 
  
 (y) Evidence of Authority.
A copy of resolutions of the Board of Directors of Purchaser, certified by the Secretary or Assistant Secretary of Purchaser to be in force and unmodified as of the date and time of Closing, authorizing the purchase contemplated herein, the
execution and delivery of the documents required hereunder, and designating the signatures of the persons who are to execute and deliver all such documents on behalf of Purchaser or if Purchaser is not a corporation, such documentation as Seller may
reasonably require to establish that this Agreement, the transaction contemplated herein, and the execution and delivery of the documents required hereunder, are duly authorized, executed and delivered; and 
  
 (z) Other Documents. Such other documents as shall be reasonably
requested by Sellers’ counsel to effectuate the purposes and intent of this Agreement. 
  
 5.3. Closing Costs. Sellers shall pay the attorneys’ fees of Sellers, any escrow closing fees charged by the Title Company, the cost of recording the Limited Warranty Deeds, the Capital One Lake
Easement Deed, the Kerr McGee Sewer Easement and the satisfactions of the Loans to be paid by Sellers at Closing, the cost of title examination fees and title insurance premiums for the “standard” or “base” coverage under all
owner’s title insurance policies issued 

  

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by the Title Company to Purchaser with respect to the Properties, but not in excess of the sum of $738,804.61 in the aggregate (as reduced by the title
insurance premium for “standard” or “base” coverage as to any Excluded Property), the Transfer Fees with respect to the Letters of Credit, the costs (if any) to transfer the certificates of occupancy for the Properties to
Purchaser, and all other costs and expenses incurred by Sellers in closing and consummating the purchase and sale of the Properties pursuant hereto. Purchaser shall pay the cost of all title insurance premiums for “extended” coverage and
all endorsements as to all owner’s title insurance policies issued by the Title Company to Purchaser with respect to the Properties, all title insurance premiums payable with respect to all mortgagee title insurance policies that may be issued
by the Title Company to any lender(s) of Purchaser, all other recording fees on all instruments to be recorded in connection with these transactions, the attorneys’ fees of Purchaser, and all other costs and expenses incurred by Purchaser in
the performance of Purchaser’s due diligence inspection of the Properties and in closing and consummating the purchase and sale of the Properties pursuant hereto. Purchaser and the Seller of each applicable Property shall each pay fifty percent
(50%) of the Surveys and fifty percent (50%) of Real Estate Transfer Taxes (if any) imposed by the applicable jurisdiction(s) in which each such Property is located upon the conveyance of each such Property pursuant hereto; provided, however, that
Purchaser’s share of said aggregate Real Estate Transfer Taxes shall not exceed $850,000.00. 
  
 5.4. Prorations and Credits. The following items in this Section 5.4 shall be adjusted and prorated between each Seller and Purchaser
as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year: 
  
 (a) Taxes. All general real estate taxes imposed by any governmental authority (“Taxes”) shall be prorated between Purchaser and
each Seller as to the Taxes with respect to the Properties of such Seller as of the Closing. If the Closing occurs prior to the receipt by Sellers of the tax bill for any of the Properties for the calendar year or other applicable tax period in
which the Closing occurs, Taxes with respect to such Property or Properties shall be prorated for such calendar year or other applicable tax period based upon the prior year’s tax bill. Notwithstanding the foregoing, Taxes shall not be prorated
with respect to any Property as to which the tenant under the Lease(s) with respect to such Property is obligated to pay Taxes directly to the applicable taxing authority. 
  
 (b) Reproration of Taxes. After receipt of final Taxes and other bills, Purchaser shall prepare and present to each
Seller a calculation of the reproration of such Taxes and other items with respect to the Properties of such Seller, based upon the actual amount of such items charged to or received by the parties for the year or other applicable fiscal period.
Purchaser and each Seller shall make the appropriate adjusting payment between them within thirty (30) days after presentment to such Seller of Purchaser’s calculation and appropriate back-up information. Purchaser shall provide each Seller
with appropriate backup materials related to the calculation, and each Seller may inspect Purchaser’s books and records related to the Properties of such Seller to confirm the calculation. The provisions of this Section 5.4(b) shall
survive the Closing for a period of one (1) year after the Closing Date. 
  
 (c) Rents, Income and Other Expenses. As to each Seller, rents and any other amounts (including Taxes) paid by tenants of the Properties of such Seller shall be prorated as of 

  

 77 

 
the Closing Date and be adjusted against the Purchase Price allocated to such Seller on the basis of a schedule which shall be prepared by such Seller and
delivered to Purchaser for Purchaser’s review and approval at least five (5) Business Days prior to Closing. With respect to each Seller, Purchaser shall receive at Closing a credit for Purchaser’s pro rata share of the rents, additional
rent, common area maintenance charges, tenant reimbursements and escalations, and all other payments paid for the month of Closing with respect to the Properties of such Seller and for all other rents and other amounts with respect to the Properties
of such Seller that apply to periods from and after the Closing, but which are received by such Seller prior to Closing. Purchaser agrees to pay to each Seller, upon receipt, any rents or other payments by tenants under their respective Leases with
respect to the Properties of such Seller that apply to periods prior to Closing but are received by Purchaser after Closing; provided, however, that any delinquent rents or other payments by tenants shall be applied first to any current amounts
owing by such tenants from and after Closing, then to delinquent rents in the order in which such rents are most recently past due, with the balance, if any, paid over to such Seller to the extent of delinquencies existing at the time of Closing to
which such Seller is entitled; it being understood and agreed that Purchaser shall not be legally responsible to such Seller for the collection of any rents or other charges payable with respect to such Leases or any portion thereof, which are
delinquent or past due as of the Closing Date; but Purchaser agrees that Purchaser shall send monthly notices for a period of three (3) consecutive months in an effort to collect any rents and charges not collected as of the Closing Date. With
respect to each Seller, any reimbursements payable by any tenant under the terms of any tenant lease affecting any of the Properties of such Seller as of the Closing Date, which reimbursements pertain to such tenant’s pro rata share of
increased operating expenses or common area maintenance costs incurred with respect to such Properties at any time prior to the Closing, shall be prorated upon Purchaser’s actual receipt of any such reimbursements, on the basis of the number of
days of such Seller’s and Purchaser’s respective ownership of such Properties during the period in respect of which such reimbursements are payable; and Purchaser agrees to pay to such Seller such Seller’s pro rata portion of such
reimbursements within thirty (30) days after Purchaser’s receipt thereof. Conversely, if any tenant under any such Lease affecting the Properties of such Seller shall become entitled at any time after Closing to a refund of tenant
reimbursements actually paid by such tenant prior to Closing, then, such Seller shall, within thirty (30) days following Purchaser’s demand therefor, pay to Purchaser an amount equal to such Seller’s pro rata share of such reimbursement
refund obligations, said proration to be calculated on the same basis as hereinabove set forth. The applicable Sellers shall be and remain responsible for the payment of all Florida sales tax that may be payable on rents and rental income paid by
the tenants under their leases affecting the Americredit Property and the Gartner Property, respectively, prior to the Closing Date (and to the extent that the tenants under such Leases are required to reimburse the landlord for all or any part of
such Florida sales tax, such tenant reimbursement paid with respect to the rents payable for all periods prior to the Closing Date shall belong to the applicable Sellers). Conversely, Purchaser shall be responsible for the payment of all Florida
sales tax that may be payable on rents and rental income paid by such tenants under their Leases for all periods from and after the Closing Date (and to the extent that the tenants under such Leases are required to reimburse the landlord for all or
any part of such Florida sales tax, such tenant reimbursements with respect to rents paid by such tenants for all periods from and after the Closing Date shall belong to Purchaser). Each Seller hereby retains its right to pursue any tenant under the
Leases affecting the Properties of such Seller for sums due such Seller for periods attributable to such Seller’s ownership of such Properties; provided, however, that such Seller (i) shall be required to 

  

 78 

 
notify Purchaser in writing of its intention to commence or pursue such legal proceedings, and to provide Purchaser with copies of all correspondence with
such tenant relative to such proceedings; (ii) shall only be permitted to commence or pursue any legal proceedings after the date which is three (3) months after Closing, except that such Seller shall be entitled to continue to pursue any legal
proceedings commenced prior to Closing; and (iii) shall not be permitted to commence or pursue any legal proceedings against any tenant seeking eviction of such tenant or the termination of the applicable Lease. The provisions of this Section
5.4(c) shall survive the Closing for a period of eighteen (18) months after the Closing Date; provided, however, that in the event the tenant under any Lease affecting any Property currently has rights to audit operating expenses under its Lease
for calendar year 2005 which extend beyond eighteen (18) months after the Closing Date of such Property, then as to any such Property and Lease, the provisions of this Section 5.4(c) shall survive the Closing for a period of time equal to any
such tenant’s audit rights under such Lease. 
  
 (d)
Security Deposits. As to each Seller, Purchaser shall receive at Closing a credit with respect to the Purchase Price allocated to such Seller for all Security Deposits transferred and assigned to Purchaser at Closing in connection with the
Leases affecting the Properties of such Seller, together with a detailed inventory of such Security Deposits. 
  
 (e) Operating Expenses. As to each Seller, personal property taxes, installment payments of special assessment liens, vault charges, sewer charges,
utility charges, and normally prorated operating expenses actually paid or payable as of the Closing Date with respect to the Properties of such Seller (including, without limitation, amounts payable pursuant to the Service Contracts and Property
Management Agreements) shall be prorated as of the Closing Date and adjusted against the Purchase Price allocated to such Seller, provided that within ninety (90) days after the Closing, Purchaser and such Seller will make a further adjustment for
such taxes, charges and expenses affecting the Properties of such Seller which may have accrued or been incurred prior to the Closing Date, but not collected or paid at that date. In addition, as to each Seller, within ninety (90) days after the
close of the fiscal year(s) used in calculating the pass-through to tenants of operating expenses and/or common area maintenance costs under the Leases affecting the Properties of such Seller (where such fiscal year(s) include(s) the Closing Date),
such Seller and Purchaser shall, upon the request of either, re-prorate on a fair and equitable basis in order to adjust for the effect of any credits or payments due to or from tenants for periods prior to the Closing Date. All prorations shall be
made based on the number of calendar days in such year or month, as the case may be. Notwithstanding the foregoing, personal property taxes, installment payments of special assessment liens, vault charges, sewer charges, utility charges, and
operating expenses shall not be prorated with respect to any Property as to which the tenant under the Lease(s) with respect to such Property is obligated to pay the same directly to the provider thereof. The provisions of this Section 5.4(e)
shall survive the Closing for a period of eighteen (18) months after the Closing Date; provided, however, that in the event the tenant under any Lease affecting any Property currently has rights to audit operating expenses under its Lease for
calendar year 2005 which extend beyond eighteen (18) months after the Closing Date of such Property, then as to any such Property and Lease, the provisions of this Section 5.4(e) shall survive the Closing for a period of time equal to any
such tenant’s audit rights under such Lease. 
  

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 (f) Tenant Inducement Costs. 
  
 (i) At the Closing of the ISS Property, Purchaser shall receive a credit against the Purchase Price of such Property in the
amount of $888,076.88, said sum representing the unpaid tenant improvement allowance payable to the tenant under and pursuant to the Lease for Building 3 of the ISS Property. At such Closing, Purchaser shall assume the obligation to pay such tenant
improvement allowance to such tenant as and when the same becomes payable pursuant to the terms of said Lease. 
  
 (ii) At the Closing of the John Wiley Property, Purchaser shall receive credits against the Purchase Price of such Property (x) in the amount of
$69,492.00, said sum representing the unpaid tenant improvement allowance payable to John Wiley & Sons, Inc. under and pursuant to its Lease at the John Wiley Property as set forth on the attached Exhibit ”I”, and (y) in the
amount of $48,239.00, said sum representing the unpaid leasing commission payable to CB Richard Ellis, Inc. in connection with the Lease with John Wiley & Sons, Inc. pursuant to the Commission Agreement described on the attached Exhibit
“C”. At such Closing, Purchaser shall assume the obligations to pay such tenant improvement allowance and such leasing commission to said tenant and leasing agent as and when the same become payable pursuant to the terms of said Lease
and Commission Agreement. 
  
 ARTICLE 6. 
 CONDITIONS TO CLOSING 
  
 6.1. Conditions Precedent to Purchaser’s Obligations. Subject to the last paragraph of this Section 6.1, the obligations of
Purchaser hereunder to consummate the transaction contemplated hereunder shall in all respects be conditioned upon the satisfaction of each of the following conditions prior to or simultaneously with the Closing, any of which may be waived by
Purchaser in its sole discretion by written notice to Sellers at or prior to the Closing Date: 
  
 (a) Covenants. Sellers shall have performed, in all material respects, all covenants, agreements and undertakings of Sellers contained in this
Agreement; 
  
 (b) Representations and Warranties. All
representations and warranties of each Seller as set forth in this Agreement shall be true and correct in all material respects as of the date of this Agreement and as of Closing, provided that solely for purposes of this subparagraph such
warranties and representations shall be deemed to be given without being limited to such Seller’s knowledge and without modification (by update or otherwise, as provided in Section 5.1 hereof); 
  
 (c) Tenant Estoppel Certificates. Tenant Estoppel Certificates from
each of the Major Tenants shall have been delivered to Purchaser, with each such estoppel certificate (i) to be substantially in the form attached hereto as EXHIBIT “M” (or if the applicable Lease provides for a
particular form of estoppel certificate to be given by the tenant thereunder, the Tenant Estoppel Certificate with respect to such Lease may be in the form as called for therein), (ii) to be dated within thirty (30) days prior to the First Closing
Date, (iii) to confirm the material terms of the applicable Lease as contained in the copies of the Leases obtained by or delivered to Purchaser, (iv) to confirm the absence of any material defaults under the applicable Lease as of the date thereof;
and (v) the Tenant Estoppel Certificates for the Alstom Property, the AT&T (PA) 

  

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Property and the Capital One Property must confirm the applicable information identified on EXHIBIT “V” as
“critical”; provided; however, that if the closing of the purchase and sale of any Property is adjourned or postponed beyond the First Closing Date set forth in Section 2.7(a) hereof, for any reason permitted under this Agreement or
as otherwise may be agreed by Sellers and Purchaser, and Sellers theretofore shall have obtained and delivered a Tenant Estoppel Certificate meeting the requirements of this Section 6.1(c) and dated within thirty (30) days of First Closing
Date, then this condition shall be deemed satisfied as to such Property and Sellers shall have no obligation to seek or obtain an updated Tenant Estoppel Certificate as to such Property to comply with clause (ii) hereinabove. Subject to the last
paragraph of this Section 6.1, the delivery of said Tenant Estoppel Certificates from the Major Tenants shall be a condition of Closing, and the failure or inability of Sellers to obtain and deliver any of said Tenant Estoppel Certificates,
each Seller having used its good faith efforts to obtain the same from the tenants under Leases of the Properties of such Seller, shall not constitute a default by Sellers under this Agreement; 
  
 (d) Lease Guarantor Estoppel Certificates. Lease Guarantor Estoppel
Certificates from each of the Lease Guarantors under the Lease Guaranties shall have been delivered to Purchaser, with each such estoppel certificate (i) to be substantially in the form attached hereto as EXHIBIT “T”
and (ii) to be dated within thirty (30) days prior to the First Closing Date; provided, however, that if the closing of the purchase and sale of any Property is adjourned or postponed beyond the First Closing Date set forth in Section 2.7(a)
hereof for any reason permitted under this Agreement or as otherwise may be agreed by Sellers and Purchaser, and Sellers theretofore shall have obtained and delivered a Lease Guarantor Estoppel Certificate meeting the requirements of this Section
6.1(d) and dated within thirty (30) days of the First Closing Date, then this condition shall be deemed satisfied as to such Property and Sellers shall have no obligation to seek or obtain an updated Lease Guarantor Estoppel Certificate as to
such Property to comply with clause (ii) hereinabove. Subject to the last paragraph of this Section 6.1, the delivery of said Lease Guarantor Estoppel Certificates from the Lease Guarantors shall be a condition of Closing, and the failure or
inability of Sellers to obtain and deliver any of said Lease Guarantor Estoppel Certificates, each Seller having used its good faith efforts to obtain the same from the Lease Guarantors of any Lease affecting the Properties of such Seller, shall not
constitute a default by Sellers under this Agreement; 
  
 (e)
Highwood Estoppel Certificates. The Highwoods Estoppel Certificates in substantially the form attached hereto as EXHIBIT “Y”, executed by Highwoods Properties, Inc. Subject to the last
paragraph of this Section 6.1, the delivery of said Highwoods Estoppel Certificates shall be a condition of Closing, and the failure or inability of the applicable Seller to obtain and deliver any of said Highwoods Estoppel Certificates, such
Seller having used its good faith efforts to obtain the same, shall not constitute a default by Sellers under this Agreement 
  
 (f) Ground Lessor Estoppel Certificates. Ground Lessor Estoppel Certificates from each of the ground lessors under the ASML Prime Ground Lease, the
ASML Sub-Ground Lease and the Ingram Micro Bond Lease, with each such estoppel certificate (i) to be substantially in the forms attached hereto as EXHIBIT “H-1”, EXHIBIT “H-2” and
EXHIBIT “H-3”, respectively (or if the applicable Ground Lease provides for a particular form of estoppel certificate to be given by the lessor thereunder, the Ground Lessor Estoppel Certificate with 

  

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respect to such ground lease may be in the form as called for therein), (ii) to be dated within thirty (30) days prior to the First Closing Date, (iii) to
confirm the material terms of the applicable ground lease, as contained in the copies of the Ground Leases obtained by or delivered to Purchaser, and (iv) to confirm the absence of any material defaults under the applicable Ground Leases as of the
date of such estoppel certificate; provided, however, that if the closing of the purchase and sale of the property is adjourned or postponed beyond the First Closing Date set forth in Section 2.7(a) hereof for any reason permitted under this
Agreement or as otherwise may be agreed by Sellers and Purchaser, and Sellers theretofore shall have obtained and delivered a Ground Lessor Estoppel Certificate meeting the requirements of this Section 6.1(f) and dated within thirty (30) days
of the First Closing Date, then this condition shall be deemed satisfied as to such Property and Sellers shall have no obligation to seek or obtain an updated Ground Lessor Estoppel Certificate as to such Property to comply with clause (ii)
hereinabove. Subject to the last paragraph of this Section 6.1, the delivery of Ground Lessor Estoppel Certificates from the ASML Prime Ground Lessor, the ASML Sub-Ground Lessor and the Ingram Micro Ground Lessor shall be a condition of
Closing, and the failure or inability of Wells OP to obtain and deliver said Ground Lessor Estoppel Certificates, Wells OP having used its good faith efforts to obtain the same from the ground lessors under the Ground Leases, shall not constitute a
default by Wells OP under this Agreement; 
  
 (g) Association
Estoppel Certificates. An Association Estoppel Certificate from each of the Associations listed on the attached EXHIBIT “D” shall have been delivered to Purchaser, with each such Association Estoppel Certificate
(i) to be dated within thirty (30) days prior to the First Closing Date, and (ii) to confirm (A) the absence of any material defaults or violations by the applicable Seller with respect to the payment of any assessments (whether annual, periodic or
special) to such Association with respect to the applicable Property or Properties owned by such Seller as “owner”, (B) the amount of any annual, periodic or regular assessments and specific assessments to become payable by the owner of
the applicable Property and as to which such Association has given written notice to such Seller prior to or concurrently with the date of such Association Estoppel Certificate, (C) if the Association (or architectural review committee, board or
other group) is required under the terms of the applicable Declaration to confirm that the plans and specifications for the applicable Wells OP Improvements or Wells Affiliate Improvements have been approved as may be required under the terms of
such Declaration, then a statement that such plans and specifications have been so approved, and (D) all amendments or modifications of the applicable Declaration; provided, however, that if the closing of purchase and sale of any Property is
adjourned or postponed beyond the First Closing Date set forth in Section 2.7(a) hereof for any reason permitted under this Agreement or as otherwise may be agreed by Seller and Purchaser and Sellers theretofore shall have obtained and
delivered an Association Estoppel Certificate meeting the requirements of this Section 6.1(g) and dated within thirty (30) days of the First Closing Date, then this condition shall be deemed satisfied as to such Property and Sellers shall
have no obligation to seek or obtain an updated Association Estoppel Certificate as to such Property to comply with clause (i) hereinabove. Subject to the last paragraph of this Section 6.1, the delivery of said Association Estoppel
Certificates from such Associations shall be a condition of Closing, and the failure or inability of Sellers to obtain and deliver said Association Estoppel Certificates, each applicable Seller having used its good faith efforts to obtain the same
shall not constitute a default by Sellers under this Agreement. Notwithstanding anything to the contrary contained 

  

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herein, if the applicable Seller has been unable to obtain and deliver to Purchaser by Closing the applicable Association Estoppel Certificate meeting the
requirements set forth above, then, at the option of such Seller, this condition to Closing may be satisfied by such Seller’s execution and delivery to Purchaser at Closing, on behalf of any Association having rights with respect to the
Property of such Seller and which has failed to provide the required Association Estoppel Certificate an estoppel certificate substantially in the form attached hereto as SCHEDULE 20 (“Seller’s Estoppel”);
and provided that the applicable Seller’s liability under any such Seller’s Estoppel so executed and delivered by such Seller to Purchaser at Closing shall cease and terminate upon the receipt by Purchaser after Closing of a duly executed
Association Estoppel Certificate from the Association covered in such Seller’s Estoppel to the extent that such Association Estoppel Certificate conforms to Seller’s Estoppel in all material respects; and 
  
 (h) Declarant Estoppel Certificates. A Declarant Estoppel Certificate
from each of the Declarants under the Declarations shall have been delivered to Purchaser, with each such estoppel certificate (i) to be dated within thirty (30) days prior to the Closing Date, and (ii) to confirm (A) the absence of any material
defaults or violations under the applicable Declaration by the applicable Seller as “owner” as defined in such Declaration, (B) the payment of all amounts due from such Seller, (C) if Declarant is required under the terms of the applicable
Declaration to confirm that the plans and specifications for the applicable Wells OP Improvements or Wells Affiliate Improvements have been approved as may be required under the terms of such Declaration, then a statement that such plans and
specifications have been so approved, and (D) all amendments or modifications of the applicable Declaration. Subject to the last paragraph of this Section 6.1, the delivery of said Declarant Estoppel Certificates from such Declarants shall be
a condition of Closing, and the failure or inability of Sellers to obtain and deliver said Declarant Estoppel Certificates, each applicable Seller having used its good faith efforts to obtain the same, shall not constitute a default by Sellers under
this Agreement; provided, however, that if the closing of purchase and sale of any Property is adjourned or postponed beyond the initial First Closing Date set forth in Section 2.7(a) hereof for any reason permitted under this Agreement or as
otherwise may be agreed by Seller and Purchaser and Sellers theretofore shall have obtained and delivered an Declarant Estoppel Certificate meeting the requirements of this Section 6.1(h) and dated within thirty (30) days of said initial
First Closing Date, then this condition shall be deemed satisfied as to such Property and Sellers shall have no obligation to seek or obtain an updated Declarant Estoppel Certificate as to such Property to comply with clause (i) hereinabove.
Notwithstanding anything to the contrary contained herein, if the applicable Seller has been unable to obtain and deliver to Purchaser by Closing the applicable Declarant Estoppel Certificate meeting the requirements set forth above, then, at the
option of such Seller, this condition to Closing may be satisfied by such Seller’s execution and delivery to Purchaser at Closing, on behalf of any Declarant having rights with respect to the Property of such Seller and which has failed to
provide the required Declarant Estoppel Certificate, a Seller’s Estoppel substantially in the form attached hereto as SCHEDULE 20; and provided that the applicable Seller’s liability under any such Seller’s
Estoppel so executed and delivered by such Seller to Purchaser at Closing shall cease and terminate upon the receipt by Purchaser after Closing of a duly executed Declarant Estoppel Certificate from the Declarant covered in such Seller’s
Estoppel to the extent that such Declarant Estoppel Certificate conforms to Seller’s Estoppel in all material respects. 
  

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 (i) Gartner Lease Amendment and ISS Lease Amendment. The Gartner Lease Amendment as executed by
Wells Funds XI and XII REIT JV and Gartner, Inc., and the ISS Lease Amendment as executed by Wells OP and Internet Security Systems, Inc., each of which lease amendments shall be substantially in the forms attached hereto as Exhibit
“CC” and Exhibit “DD”, respectively. Subject to the last paragraph of this Section 6.1, the delivery of the Gartner Lease Amendment and the ISS Lease Amendment shall be conditions to Closing, and the failure or
inability of Sellers to obtain and delivery either of said lease amendments, each applicable Seller having used its good faith efforts to obtain the same from said tenants, shall not constitute a default by Sellers hereunder. 
  
 (j) Final C.O.’s for Alstom Power Property and Capital One
Property. The delivery by Wells Virginia REIT and Wells OP to Purchaser of copies of final certificates of occupancy for all improvements located on the Alstom Power Property and the Capital One Property, or the delivery by Wells Virginia REIT
and Wells OP to Purchaser of other evidence satisfactory to Purchaser that final certificates of occupancy have been issued by the applicable governing authorities for all improvements located on the Alstom Power Property and the Capital One
Property. 
  
 In the event any condition in this Section 6.1 has not been
satisfied (or otherwise waived in writing by Purchaser) prior to or on the Closing Date (as the same may be extended or postponed as provided in this Agreement), Purchaser shall have the right to terminate this Agreement by written notice to Sellers
given prior to the Closing, whereupon (i) Escrow Agent shall promptly return the Earnest Money to Purchaser; and (ii) except for those provisions of this Agreement which by their express terms survive the termination of this Agreement, no party
hereto shall have any other or further rights or obligations under this Agreement. 
  
 6.2. Conditions Precedent to Sellers’ Obligations. The obligations of Sellers hereunder to consummate the transactions contemplated hereunder shall in all respects be conditioned upon the
satisfaction of each of the following conditions prior to or simultaneously with the Closing (or at such earlier time as may be provided below), any of which may be waived by Sellers in their sole discretion by written notice to Purchaser at or
prior to the Closing Date: 
  
 (a) Purchaser shall have paid and
Sellers shall have received the Purchase Price, as adjusted pursuant to the terms and conditions of this Agreement, which Purchase Price shall be payable in the amount and in the manner provided for in this Agreement; 
  
 (b) Purchaser shall have performed, in all material respects, all covenants,
agreements and undertakings of Purchaser contained in this Agreement; and 
  
 (c) All representations and warranties of Purchaser as set forth in this Agreement shall be true and correct in all material respects as of the date of this Agreement and as of Closing, provided that solely for
purposes of this subparagraph such warranties and representations shall be deemed to be given without being limited to Purchaser’s knowledge and without modification (by update or otherwise, as provided in Section 5.2 hereof).

  

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 6.3. Conditions Precedent to Purchase and Sale of Certain Properties. 
  
 (a) In addition to and not in lieu of Sections 6.1 and 6.2
above, the respective obligations of Purchaser and Sellers to consummate the transaction contemplated hereunder with respect to the Bank of America Property shall in all respects be conditioned upon the failure (or deemed failure) of Bank of America
NT & SA, as tenant under its Lease affecting the Bank of America Property, to timely exercise its right to purchase the Bank of America Property pursuant to the terms of its Lease. In the event that the Outstanding ROFO/ROFR Party shall timely
exercise its right to purchase the Bank of America Property, Sellers shall promptly notify Purchaser in writing thereof, which notice shall be accompanied by a true and correct copy of the notice of exercise received by the applicable Seller
(“Seller’s Partial Termination Notice”). Upon the delivery by Seller to Purchaser of Seller’s Partial Termination Notice, this Agreement shall terminate the Bank of America Property which is the subject of Seller’s
Partial Termination Notice, whereupon (1) the aggregate Purchase Price for the Properties as set forth in Section 2.5 hereof shall be reduced by the Purchase Price for the Bank of America Property as set forth on EXHIBIT
“O” attached hereto; (2) Escrow Agent shall promptly return the Earnest Money allocated to the Bank of America Property (i.e., $1,500,000.00) to Purchaser; (3) the parties hereto shall proceed to close the purchase and sale of the
other Properties which are the subject of this Agreement; and (4) except for those provisions of this Agreement which by their express terms survive the termination of this Agreement, no party hereto shall have any other or further rights or
obligations under this Agreement with respect to the Bank of America Property. 
  
 (b) In addition to and not in lieu of Section 6.1 and Section 6.2 above, the respective obligations of Purchaser and Seller to consummate the transactions contemplated hereunder with respect to the ASML
Property and the Ingram Micro Property shall in all respects be conditioned upon the written approval or consent of the lessors under the ASML Prime Ground Lease, the ASML Sub-Ground Lease and the Ingram Micro Bond Lease to the transfers,
respectively, of the leasehold estates in the ASML Property and the Ingram Micro Property to Purchaser. 
  
 ARTICLE 7. 
 CASUALTY AND CONDEMNATION 
  
 7.1. Casualty. Risk of loss up to and including the Closing
Date shall be borne by Sellers. In the event of any immaterial damage or destruction to the Properties of a Seller or any portion thereof, Sellers and Purchaser shall proceed to close under this Agreement, and Purchaser will receive (and the
applicable Seller whose Property or Properties was or were the subject of such damage or destruction will assign to Purchaser at the Closing such Seller’s rights under insurance policies to receive) any insurance proceeds (including any rent
loss insurance applicable to any period on and after the Closing Date) due such Seller as a result of such damage or destruction (less any amounts reasonably expended for restoration or collection of proceeds) and assume responsibility for such
repair, and Purchaser shall receive a credit at Closing for any deductible amount under said insurance policies. For purposes of this Agreement, the term “immaterial damage or destruction” shall be applied on a Property by Property
basis and shall mean such instances of damage or destruction of the subject Property: 

  

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(i) which can be repaired or restored at a cost equal to or less than an amount equal to five percent (5%) of the Purchase Price of such Property, as set
forth on the attached Exhibit “O”; (ii) which can be restored and repaired within one hundred eighty (180) days from the date of such damage or destruction; (iii) which are not so extensive as to allow any Major Tenant of such
Property to terminate its Lease with respect to such Property or abate or reduce rent payable thereunder (unless business loss or rent insurance shall be available in the full amount of such abatement or reduction, subject to applicable deductibles)
on account of such damage or destruction; and (iv) in which such Seller’s rights under its rent loss insurance policies covering such Property are assignable to Purchaser and will continue pending restoration and repair of the damage or
destruction. 
  
 In the event of any material damage or
destruction to one or more of the Properties or any portion thereof, Purchaser may, at its option, by notice to Sellers given within the earlier of twenty (20) days after Purchaser is notified by Sellers of such damage or destruction, or the Closing
Date, but in no event less than ten (10) days after Purchaser is notified by Seller of such damage or destruction (and if necessary the Closing Date shall be extended to give Purchaser the full 10-day period to make such election): (i) terminate
this Agreement as to any such Property which is the subject of material damage or destruction (an “Excluded Property”), or (ii) proceed to close under this Agreement, receive (and each Seller will assign to Purchaser at the Closing
the rights of such Seller under insurance policies to receive) any insurance proceeds (including any rent loss insurance applicable to the period on or after the Closing Date) due such Seller as a result of such damage or destruction (less any
amounts reasonably expended for restoration or collection of proceeds) and assume responsibility for such repair, and Purchaser shall receive a credit at Closing for any deductible amount under said insurance policies. If Purchaser fails to deliver
to Sellers notice of its election within the period set forth above, Purchaser will conclusively be deemed to have elected to proceed with the Closing as provided in clause (ii) of the preceding sentence. If Purchaser elects clause (ii) above, each
Seller will cooperate with Purchaser after the Closing to assist Purchaser in obtaining the insurance proceeds from the insurers of such Seller. For purposes of this Agreement “material damage or destruction” shall mean all
instances of damage or destruction that are not immaterial, as defined herein. 
  
 7.2. Condemnation. If, prior to the Closing, all or any part of the Properties of a Seller is subjected to a bona fide threat of condemnation by a body having the power of eminent domain or is taken by
eminent domain or condemnation (or sale in lieu thereof), or if a Seller has received written notice that any condemnation action or proceeding with respect to the Properties of such Seller is contemplated by a body having the power of eminent
domain (collectively, a “Taking”), such Seller shall give Purchaser immediate written notice of such Taking. In the event of any immaterial Taking with respect to the Properties of a Seller or any portion thereof, Sellers and
Purchaser shall proceed to close under this Agreement. For purposes of this Agreement, the term “immaterial Taking” shall be applied on a Property by Property basis and shall mean such instances of Taking of the subject Property:
(i) which do not result in a taking of any portion of the building structure of the building occupied by tenants on such Property; (ii) which do not result in a decrease in the number of parking spaces at such Property (taking into account the
number of additional parking spaces that can be provided within one hundred eighty (180) days of such Taking); and (iii) which are not so extensive as to allow any Major 

  

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Tenant of such Property to terminate its Lease with respect to such Property or abate or reduce rent payable thereunder [unless business loss or rent
insurance (subject to applicable deductibles) or condemnation award proceeds shall be available in the full amount of such abatement or reduction, and Purchaser shall receive a credit at Closing for such deductible amount] on account of such Taking.

  
 In the event of any material Taking of one or more of the
Properties or any portion thereof (any such Property also being referred to in this Agreement as an “Excluded Property”), Purchaser may, at its option, by written notice to Sellers given within thirty (30) days after the receipt of
such notice from such Seller, elect to terminate this Agreement only as to any such Excluded Property. If Purchaser chooses to terminate this Agreement as to any such Excluded Property in accordance with this Section 7.2, then the rights,
duties, obligations, and liabilities of the parties hereunder shall immediately terminate as to any such Excluded Property only and be of no further force and effect, except for those provisions of this Agreement which by their express terms survive
the termination of this Agreement. For purposes of this Agreement “material Taking” shall mean all instances of a Taking that are not immaterial, as defined herein. 
  
 If Purchaser does not elect to, or has no right to, terminate this Agreement as to any Property in accordance herewith on
account of a Taking, this Agreement shall remain in full force and effect and the sale of the Properties contemplated by this Agreement, less any interest taken by eminent domain or condemnation, or sale in lieu thereof, shall be effected with no
further adjustment and without reduction of the Purchase Price, and at the Closing, each Seller shall assign, transfer, and set over to Purchaser all of the right, title, and interest of such Seller in and to any awards applicable to the Properties
of such Seller that have been or that may thereafter be made for such taking. At such time as all or a part of the Properties of a Seller is subjected to a bona fide threat of condemnation and Purchaser shall not have elected to terminate this
Agreement as to any such Excluded Property only as provided in this Section 7.2, and provided that the Inspection Period has expired and Purchaser has delivered the Earnest Money to Escrow Agent, (i) Purchaser shall thereafter be permitted to
participate in the proceedings as if Purchaser were a party to the action, and (ii) such Seller shall not settle or agree to any award or payment pursuant to condemnation, eminent domain, or sale in lieu thereof without obtaining Purchaser’s
prior written consent thereto in each case. 
  
 ARTICLE 8.

 DEFAULT AND REMEDIES 
  
 8.1. Purchaser’s Default. If Purchaser fails to consummate this transaction for any reason other than the default of Sellers,
failure of a condition to Purchaser’s obligation to close, or the exercise by Purchaser of an express right of termination granted herein, Sellers shall be entitled, as their sole remedy hereunder, to terminate this Agreement and to receive and
retain the Earnest Money as full liquidated damages for such default of Purchaser, the parties hereto acknowledging that it is impossible to estimate more precisely the damages which might be suffered by Sellers upon Purchaser’s default, and
that said Earnest Money is a reasonable estimate of the probable loss of Sellers in the event of default by Purchaser. The retention by Sellers of said Earnest Money is intended not as a penalty, but as full liquidated damages. The 

  

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right to retain the Earnest Money as full liquidated damages is the sole and exclusive remedy of Sellers in the event of default hereunder by Purchaser, and
Sellers hereby waive and release any right to (and hereby covenant that they shall not) sue the Purchaser: (a) for specific performance of this Agreement, or (b) to recover actual damages in excess of the Earnest Money. The foregoing liquidated
damages provision shall not apply to or limit Purchaser’s liability for Purchaser’s obligations under Sections 3.1(b), 3.1(c), 3.7 and 10.1 of this Agreement or for Purchaser’s obligation to pay to
Sellers all attorney’s fees and costs of Sellers to enforce the provisions of this Section 8.1. Purchaser hereby waives and releases any right to (and hereby covenants that it shall not) sue Sellers or either of them or seek or claim a
refund of said Earnest Money (or any part thereof) on the grounds it is unreasonable in amount and exceeds the actual damages of Sellers or that its retention by Sellers constitutes a penalty and not agreed upon and reasonable liquidated damages.

  
 8.2. Seller’s Default. If Sellers or any of
them fail to perform any of their respective obligations under this Agreement for any reason other than Purchaser’s default or the permitted termination of this Agreement by Sellers or any of them or Purchaser as expressly provided herein,
Purchaser shall be entitled, as its sole remedy, either (a) to receive the return of the Earnest Money from Escrow Agent, which return shall operate to terminate this Agreement and release Sellers from any and all liability hereunder; provided,
however, that in the event, and only in the event, such default by any Seller was willful and intentional and Purchaser receives the return of the Earnest Money, then Sellers shall pay to Purchaser an amount equal to the lesser of (i)
Purchaser’s actual out-of-pocket expenditures incurred directly in conducting due diligence activities contemplated under this Agreement and in negotiating and finalizing this Agreement, or (ii) Ten Million and No/100 Dollars ($10,000,000.00),
or (b) to enforce specific performance of the obligation of each Seller to execute and deliver the documents required to convey the Property owned by such Seller to Purchaser in accordance with this Agreement; it being specifically understood and
agreed that the remedy of specific performance shall not be available to enforce any other obligation of Sellers or any of them hereunder. Notwithstanding the foregoing, if after January 7, 2005, any Seller shall have conveyed title to such
Seller’s Property to another party (other than to the Outstanding ROFO/ROFR Party pursuant to the timely exercise by such Outstanding ROFO/ROFR Party of its ROFO/ROFR Rights) or intentionally and knowingly taken any other action to defeat the
remedy of specific performance, Purchaser shall be entitled to seek actual damages from Sellers. Except as expressly provided to the contrary in this Section 8.2, Purchaser expressly waives its rights to seek damages in the event of the
default of Sellers or any of them hereunder. Purchaser shall be deemed to have elected to terminate this Agreement and to receive a return of the Earnest Money applicable to such Property from Escrow Agent if Purchaser fails to file suit for
specific performance against each applicable Seller who is in breach of its obligations hereunder in a court having jurisdiction on or before sixty (60) days following the date upon which the Closing was to have occurred. 
  
 ARTICLE 9. 
 ASSIGNMENT 
  
 9.1. Assignment. Subject to the next following sentence, this Agreement and all rights and obligations hereunder shall not be assignable by any party without the written consent of the other. Notwithstanding the foregoing to
the contrary, (i) this Agreement and all of 

  

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Purchaser’s rights hereunder may be transferred and assigned to any entity controlled by Purchaser or one or more of Purchaser’s joint venture
partners, and (ii) only contemporaneously with the Closing hereunder, Purchaser’s rights under this Agreement with respect to any one or more of the separate Properties may be transferred and assigned to any entity controlled by Purchaser or
one or more of Purchaser’s joint venture partners so that the applicable Property or Properties as to which the transfer and assignment relates shall be conveyed to the applicable assignee and such assignee shall become the
“Purchaser” under this Agreement as to such Property or Properties. Any assignee or transferee under any such assignment or transfer by Purchaser as to which the written consent of Seller has been given or as to which the consent of Seller
is not required hereunder shall expressly assume all of Purchaser’s duties, liabilities and obligations under this Agreement (whether arising or accruing prior to or after the applicable assignment or transfer) by written instrument delivered
to Seller as a condition to the effectiveness of such assignment or transfer, except that any assignee or transferee under a transfer or assignment effectuated contemporaneously with the Closing under clause (ii) of the preceding sentence shall be
required to assume only such of Purchaser’s duties, liabilities and obligations under this Agreement that relate to the particular Property or Properties as to which the transfer and assignment relates, and upon such assumption by the assignee
or transferee, except for the duties and obligations arising under Purchaser’s indemnities set forth in Sections 3.1(c) and 10.1 of this Agreement, the original Purchaser shall be released and shall have no further liabilities,
duties or obligations under this Agreement that relate to such particular Property or Properties as to which the transfer and assignment relates. No assignment or transfer effectuated under clause (i) of this Section 9.1 shall relieve the
original Purchaser of any duties or obligations hereunder, and the written assignment and assumption agreement shall expressly so provide. No assignment or transfer effectuated under clause (ii) above shall relieve the original Purchaser of any
duties and obligations arising under Purchaser’s indemnities set forth in Sections 3.1(c) and 10.1 hereof. For purposes of this Section 9.1, the term “control” shall mean the ownership of at least fifty
percent (50%) of the applicable entity. Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective legal representatives, successors and permitted assigns. This Agreement
is not intended and shall not be construed to create any rights in or to be enforceable in any part by any other persons. 
  
 ARTICLE 10. 
 BROKERAGE COMMISSIONS

  
 10.1. Broker. Upon the Closing, and only in
the event the Closing occurs, Sellers shall pay a brokerage commission to Eastdil Realty Company, LLC, a New York limited liability company (“Broker”), pursuant to a separate agreement between Sellers and Broker. Broker is
representing Sellers in this transaction. Broker has joined in the execution of this Agreement for the purpose of acknowledging and agreeing that no real estate commission shall be earned by it or due it if the transaction contemplated herein does
not close for any reason whatsoever. Broker acknowledges and agrees that it shall look solely to Sellers, and not to Purchaser, for the payment of such commission, and Broker hereby waives and releases any present or future claims against Purchaser
for the payment of such commission. In addition, Broker (upon receipt of its brokerage commission) agrees to execute and deliver to Sellers and Purchaser at the Closing a release and waiver of any claim Broker may have against Purchaser or the
Properties. 

  

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Broker shall and does hereby indemnify and hold Purchaser and Sellers harmless from and against any and all liability, loss, cost, damage, and expense,
including reasonable attorneys’ fees actually incurred and costs of litigation, Purchaser or Sellers shall ever suffer or incur because of any claim by any agent, salesman, or broker, whether or not meritorious, for any fee, commission or other
compensation with regard to this Agreement or the sale and purchase of the Properties contemplated hereby, and arising out of any acts or agreements of Broker. Each Seller shall and does hereby indemnify and hold Purchaser harmless from and against
any and all liability, loss, cost, damage, and expense, including reasonable attorneys’ fees actually incurred and costs of litigation, Purchaser shall ever suffer or incur because of any claim by any agent, salesman, or broker, whether or not
meritorious, for any fee, commission or other compensation with regard to this Agreement or the sale and purchase of the Properties contemplated hereby, and arising out of any acts or agreements of such Seller, including any claim asserted by
Broker. Likewise, Purchaser shall and does hereby indemnify and hold Sellers free and harmless from and against any and all liability, loss, cost, damage, and expense, including reasonable attorneys’ fees actually incurred and costs of
litigation, Sellers shall ever suffer or incur because of any claim by any agent, salesman, or broker, whether or not meritorious, for any fee, commission or other compensation with respect to this Agreement or the sale and purchase of the
Properties contemplated hereby and arising out of the acts or agreements of Purchaser. This Section 10.1 shall survive the Closing until the expiration of any applicable statute of limitations and shall survive any earlier termination of this
Agreement. 
  
 ARTICLE 11. 
 INDEMNIFICATION 
  
 11.1. Indemnification by Sellers. Following the Closing and subject to Sections 11.3 and 11.4, each Seller shall indemnify and
hold Purchaser, its affiliates, members and partners, and the partners, shareholders, officers, directors, employees, representatives and agents of each of the foregoing (collectively, “Purchaser-Related Entities”) harmless from and
against any and all costs, fees, expenses, damages, deficiencies, interest and penalties (including, without limitation, reasonable attorneys’ fees and disbursements) suffered or incurred by any such indemnified party in connection with any and
all losses, liabilities, claims, damages and expenses (“Losses”), arising out of, or in any way relating to, (a) any breach of any representation or warranty of such Seller contained in this Agreement or in any Closing Document, and
(b) any breach of any covenant of such Seller or of Sellers jointly contained in this Agreement which survives the Closing or in any Closing Document. 
  
 11.2. Indemnification by Purchaser. Following the Closing and subject to Sections 11.3 and 11.4, Purchaser (and
Purchaser’s joint venture partners to whom any rights of Purchaser are assigned pursuant to Section 9.1 hereof) shall indemnify and hold Sellers, their respective affiliates, members and partners, and the partners, shareholders,
officers, directors, employees, representatives and agents of each of the foregoing (collectively, “Seller-Related Entities”) harmless from any and all Losses arising out of, or in any way relating to, (a) any breach of any
representation or warranty by Purchaser contained in this Agreement or in any Closing Document, and (b) any breach of any covenant of Purchaser contained in this Agreement which survives the Closing or in any Closing Documents. 
  

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 11.3. Limitations on Indemnification. Notwithstanding the foregoing provisions of
Section 11.1, (a) Sellers shall not be required to indemnify Purchaser or any Purchaser Related Entities under this Agreement unless the aggregate of all amounts for which an indemnity would otherwise be payable by Sellers under Section
11.1 above exceeds the Basket Limitation and, in such event Sellers shall be responsible for only the amount in excess of the Basket Limitation (the “Excess Amount”), with Wells OP responsible only for that amount equal to the
Excess Amount multiplied by a fraction, the numerator of which is the sum of (i) the individual liability of Wells OP under Section 11.1 above, plus (ii) a percentage of the joint (and not individual) liability of Sellers under Section
11.1 above, with such percentage to be equal to one one-hundredth (1/100th) multiplied by the quotient obtained
by dividing the total Purchase Price for the Wells OP Properties by the total Purchase Price for all of the Properties, and with each Wells Affiliate responsible only for that amount equal to the Excess Amount multiplied by a fraction, the numerator
of which is the sum of (i) the individual liability of such Wells Affiliate under Section 11.1 above, plus (ii) a percentage of the joint (and not individual) liability of Sellers under Section 11.1 above, with such percentage to be
equal to one one-hundredth (1/100th) multiplied by the quotient obtained by dividing the Purchase Price for the
Wells Affiliate Property owned by such Wells Affiliate by the total Purchase Price for all of the Properties, (b) in no event shall the liability of Sellers with respect to the indemnification provided for in Section 11.1 above exceed in the
aggregate the Cap Limitation, (c) if prior to the Closing, Purchaser obtains knowledge in writing of any inaccuracy or breach of any representation, warranty or covenant of Sellers or any of them contained in this Agreement (a
“Purchaser-Waived Breach”) and nonetheless proceeds with and consummates the Closing, then Purchaser and any Purchaser-Related Entities shall be deemed to have waived and forever renounced any right to assert a claim for
indemnification under this Article 11 for, or any other claim or cause of action under this Agreement, at law or in equity on account of any such Purchaser-Waived Breach, and (d) notwithstanding anything herein to the contrary, the Basket
Limitation and the Cap Limitation shall not apply with respect to Losses suffered or incurred as a result of breaches of any covenant or agreement of Sellers or any of them set forth in Section 5.3, Section 5.4, Section
10.1, EXHIBIT “R” or “EXHIBIT “V” of this Agreement. Notwithstanding anything to the contrary set forth in Section 11.1 or in this Section
11.3, Wells OP agrees that Wells OP shall be jointly and severally liable with Wells Virginia REIT, Wells Brea, Wells Westlake, Wells Farmington Hills, Wells Kalamazoo and Wells EDS with respect to all obligations of each such party to Purchaser
under Section 11.1 above and this Section 11.3. 
  
 11.4. Survival. The representations, warranties and covenants contained in this Agreement and the Closing Documents with respect to each Property shall survive until the first (1st) anniversary of the closing of each such Property, unless a longer or shorter survival period is expressly provided for in this Agreement, or unless prior to
such first (1st) anniversary date of such Closing, Purchaser or Seller, as the case may be, delivers written notice
to the other party of such alleged breach specifying with reasonable detail the nature of such alleged breach and files an action with respect thereto within one hundred twenty (120) days after the giving of such notice. 
  
 11.5. Indemnification as Sole Remedy. If the Closing has
occurred, the sole and exclusive remedy available to a party in the event of a breach by the other party to this Agreement of any representation, warranty, or covenant or other provision of this Agreement or any Closing Document which survives the
Closing shall be the indemnifications provided for under Section 3.1(c), Section 10.1, and this Article 11. 
  

 91 

 ARTICLE 12. 
 MISCELLANEOUS 
  
 12.1.
Notices. Wherever any notice or other communication is required or permitted hereunder, such notice or other communication shall be in writing and shall be delivered by overnight courier, hand, facsimile or other electronic transmission,
or sent by U.S. registered or certified mail, return receipt requested, postage prepaid, to the addresses or facsimile numbers set out below or at such other addresses as are specified by written notice delivered in accordance herewith: 

 

			
	 PURCHASER:
	  	Lexington Corporate Properties Trust
	 	  	One Penn Plaza
	 	  	Suite 4015
	 	  	New York, New York 10119-4015
	 	  	Attention: Richard Rouse and Natasha Roberts
	 	  	Facsimile: 212.594.6600
	 	  	Email: rrouse@lxp.com and nroberts@lxp.com
		
	with a copy to:	  	Paul, Hastings, Janofsky & Walker, LLP
	 	  	75 East 55th Street
	 	  	New York, New York 10022
	 	  	Attention: Katherine B. Lipton, Esquire
	 	  	Facsimile: 212.230.7673
	 	  	Email: katherinelipton@paulhastings.com
		
	SELLERS:	  	c/o Wells Real Estate Funds
	 	  	6200 The Corners Parkway
	 	  	Norcross, Georgia 30092
	 	  	Attention: Mr. F. Parker Hudson
	 	  	Facsimile: 770.243.4684
	 	  	Email: parker.hudson@wellsref.com
		
	with a copy to:	  	Troutman Sanders LLP
	 	  	Suite 5200
	 	  	600 Peachtree Street, N.E.
	 	  	Atlanta, Georgia 30308-2216
	 	  	Attn: John W. Griffin and Leslie Fuller Secrest
	 	  	Facsimile: 404.962.6577 and 404.962.6678
	 	  	Email: john.griffin@troutmansanders.com and
	 	  	            leslie.secrest@troutmansanders.com

  
 Any notice or other communication (i)
mailed as hereinabove provided shall be deemed effectively given or received on the third (3rd) Business Day
following the postmark date of such 

  

 92 

 
notice or other communication, (ii) sent by overnight courier or by hand shall be deemed effectively given or received upon receipt, and (iii) sent by
facsimile or other electronic transmission shall be deemed effectively given or received on the day of such electronic transmission of such notice or other communication and confirmation of such transmission if transmitted and confirmed prior to
6:00 p.m. local Atlanta, Georgia time on a Business Day and otherwise shall be deemed effectively given or received on the first Business Day after the day of transmission of such notice and confirmation of such transmission. Refusal to accept
delivery shall be deemed delivered. 
  
 12.2
Possession. Full and exclusive possession of the Properties of each Seller, subject to the Permitted Exceptions and the rights of the tenants under the Leases affecting such Properties, shall be delivered by such Seller to Purchaser on
the Closing Date. 
  
 12.3 Time Periods. If the time
period by which any right, option, or election provided under this Agreement must be exercised, or by which any act required hereunder must be performed, or by which the Closing must be held, expires on a Saturday, Sunday, or holiday, then such time
period shall be automatically extended through the close of business on the next regularly scheduled Business Day. 
  
 12.4 Publicity. The parties agree that, prior to Closing, and except for disclosures required by law or governmental regulations applicable
to such party, no party shall, with respect to this Agreement and the transactions contemplated hereby, contact or conduct negotiations with public officials or make any public announcements regarding this Agreement or the transactions contemplated
hereby to any third party without the prior written consent of the other party hereto. Except for disclosures required by law or governmental regulations applicable to such party, Sellers and Purchaser shall each deliver to the other the
press release of the other party to be issued in connection with the execution of this Agreement and in connection with the Closing no less than three (3) hours during normal business hours on a Business Day prior to the issuance of any such press
release. No party shall record this Agreement or any notice hereof; and neither party shall file a copy of this Agreement with the SEC until the filing of their respective Quarterly Reports on Form 10-Q for the current quarter, except for any
recording or filing otherwise required under the United States securities laws or as may be required by the SEC; provided, however, that (i) in the event Purchaser is so required, it shall provide Sellers reasonable advance notice of any such
required filing, and (ii) any such required filing shall exclude all schedules and exhibits to this Agreement. 
  
 12.5 Discharge of Obligations. The acceptance by Purchaser of the Limited Warranty Deeds of Sellers hereunder shall be deemed to constitute
the full performance and discharge of each and every warranty and representation made by Sellers or any of them and Purchaser herein and every agreement and obligation on the part of Sellers or either of them and Purchaser to be performed pursuant
to the terms of this Agreement, except those warranties, representations, covenants and agreements which are specifically provided in this Agreement to survive Closing.  
  
 12.6 Severability. This Agreement is intended to be performed in accordance with, and only to the extent
permitted by, all applicable laws, ordinances, rules and regulations. If any provision of this Agreement, or the application thereof to any person or circumstance, shall, for 

  

 93 

 
any reason and to any extent be invalid or unenforceable, the remainder of this Agreement and the application of such provision to other persons or
circumstances shall not be affected thereby but rather shall be enforced to the greatest extent permitted by law. 
  
 12.7 Construction. This Agreement shall not be construed more strictly against one party than against the other merely by virtue of the fact
that this Agreement may have been prepared by counsel for one of the parties, it being mutually acknowledged and agreed that Sellers and Purchaser and their respective counsel have contributed substantially and materially to the preparation and
negotiation of this Agreement. Accordingly, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any exhibits or amendments
hereto. 
  
 12.8 Sale Notification Letters. Promptly
following the Closing, Purchaser shall deliver the Tenant Notices of Sale to each of the respective tenants under the Leases, the Ground Lessor Notices of Sale to each of the respective Ground Lessors under the Wells OP Ground Leases, the Declarant
Notices to each of the respective Declarants under the Declarations, and the Other Notices of Sale to each service provider and leasing agent, the obligations under whose respective Service Contracts and Commission Agreements Purchaser has assumed
at Closing. 
  
 12.9 Access to Records Following
Closing. Purchaser agrees that for a period of one (1) year following the Closing, each Seller shall have the right during regular business hours, on five (5) days’ written notice to Purchaser, to examine and review at Purchaser’s
office (or, at Purchaser’s election, at the Properties), the books and records of such Seller relating to the ownership and operation of the Properties of such Seller which were delivered by such Seller to Purchaser at the Closing. Likewise,
each Seller agrees that for a period of one (1) year following the Closing, Purchaser shall have the right during regular business hours, on five (5) days’ written notice to such Seller, to examine and review at such Seller’s office, all
books, records and files, if any, retained by such Seller relating to the ownership and operation by Seller prior to the Closing of the Properties of such Seller. The provisions of this Section shall survive the Closing for a period of one (1) year
after the Closing Date. 
  
 12.10 Submission to
Jurisdiction. Each of Purchaser and Sellers irrevocably submits to the exclusive jurisdiction of (a) the Superior Court of Gwinnett County, Georgia located in Lawrenceville, Georgia, and (b) the United States District Court for the Northern
District of Georgia for the purposes of any suit, action or other proceeding arising out of this Agreement or any transaction contemplated hereby. Each of Purchaser and Sellers further agrees that service of any process, summons, notice or document
by U.S. registered mail to such party’s respective address set forth above shall be effective service of process for any action, suit or proceeding in Georgia with respect to any matters to which it has submitted to jurisdiction as set forth
above in the immediately preceding sentence. Each of Purchaser and Sellers irrevocably and unconditionally waives trial by jury and irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising
out of this Agreement or the transactions contemplated hereby in (a) the Superior Court of Gwinnett County, Georgia located in Lawrenceville, Georgia, and (b) the United States District Court for the Northern District of Georgia, and hereby further
irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 
  

 94 

 12.11 General Provisions. No failure of any party to exercise any power given hereunder or
to insist upon strict compliance with any obligation specified herein, and no custom or practice at variance with the terms hereof, shall constitute a waiver of any party’s right to demand exact compliance with the terms hereof. This Agreement
contains the entire agreement of the parties hereto, and no representations, inducements, promises, or agreements, oral or otherwise, between the parties not embodied herein shall be of any force or effect. Any amendment to this Agreement shall not
be binding upon Sellers or Purchaser unless such amendment is in writing and executed by Sellers and Purchaser. Subject to the provisions of Section 9.1 hereof, the provisions of this Agreement shall inure to the benefit of and be binding
upon the parties hereto and their respective heirs, legal representatives, successors, and permitted assigns. Time is of the essence in this Agreement. The headings inserted at the beginning of each paragraph are for convenience only, and do not add
to or subtract from the meaning of the contents of each paragraph. This Agreement shall be construed, interpreted and enforced under the laws of the State of Georgia. Except as otherwise provided herein, all rights, powers, and privileges conferred
hereunder upon the parties shall be cumulative but not restrictive to those given by law. All personal pronouns used in this Agreement, whether used in the masculine, feminine, or neuter gender shall include all genders, and all references herein to
the singular shall include the plural and vice versa. 
  
 12.12
Like-Kind Exchange . The parties hereto desire, and each party is willing to cooperate (subject to the limitations set forth below), to effectuate the sale of any one or more of the Properties by means of an exchange of
“like-kind” property which will qualify as such under Section 1031 of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder. Each party expressly reserves the right to assign its rights, but not its
obligations, hereunder to a qualified intermediary as provided in I.R.C. Reg. 1.1031(k)-1(g)(4) on or before the date of Closing. Upon written notice from either party (a “Requesting Party”) to the other, the party to whom such
notice is given (the “Other Party”) agrees to cooperate with the Requesting Party to effect one or more like-kind exchanges with respect to the Property designated by such Requesting Party in its notice to the Other Party, provided
that such cooperation shall be subject to the following conditions: (a) such exchange shall not delay the Closing and shall occur either simultaneously with the Closing or the purchase money proceeds payable to such Seller shall be paid, upon such
Seller’s prior written direction to Purchaser, to a third party escrow agent or intermediary such that Purchaser shall not be required to participate in any subsequent closing, (b) the Requesting Party shall not be obligated to spend any sums
or incur any expenses in excess of the sums and expenses which would have been spent or incurred by the Requesting Party if there had been no exchange, (c) Purchaser shall not be obligated to acquire or accept title to any property other than the
applicable Property to be conveyed to Purchaser pursuant to this Agreement, and (d) Seller shall not be obligated to acquire or accept title to any property. The Other Party makes no representation or warranty that the conveyance of any Property or
property made pursuant to this Section 12.12 shall qualify for a like-kind exchange. Once Purchaser has paid the purchase money proceeds as directed by such Seller, or such Seller has conveyed the Property as directed by Purchaser, it shall
have no further obligation hereunder with respect to such “like-kind” exchange. Each Requesting Party hereby 

  

 95 

 
indemnifies and holds the Other Party harmless from and against any costs, liabilities and expenses incurred or suffered by the Other Party in connection
with the “like-kind” exchange or exchanges described herein, which indemnity shall survive the Closing until the expiration of any applicable statute of limitations. 
  
 12.13 Attorney’s Fees. If Purchaser or Sellers or any of them brings an action at law or equity against
the other in order to enforce the provisions of this Agreement or as a result of an alleged default under this Agreement, the prevailing party in such action shall be entitled to recover court costs and reasonable attorney’s fees actually
incurred from the other. 
  
 12.14 Counterparts.
This Agreement may be executed in one or more counterparts, each of which when taken together shall constitute one and the same original. To facilitate the execution and delivery of this Agreement, the parties may execute and exchange counterparts
of the signature pages by facsimile, and the signature page of either party to any counterpart may be appended to any other counterpart. 
  
 12.15 Effective Agreement. The submission of this Agreement for examination is not intended to nor shall constitute an offer to sell, or a
reservation of, or option or proposal of any kind for the purchase of the Properties. In no event shall any draft of this Agreement create any obligation or liability, it being understood that this Agreement shall be effective and binding only when
a counterpart of this Agreement has been executed and delivered by each party hereto. 
  
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 96 

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

					
	SELLERS:
	
	WELLS OPERATING PARTNERSHIP, L.P.,
	 a Delaware limited partnership

		
	 By:
	 	 Wells Real Estate Investment Trust, Inc.,

	 	 	 a Maryland corporation, its sole general partner

			
	 	 	 By:
	 	  

	 	 	 Name:
	 	  

	 	 	 Title:
	 	  

  
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	WELLS FUND XIII - REIT JOINT VENTURE
	PARTNERSHIP, a Georgia general partnership
		
	By:	 	Wells Real Estate Fund XIII, L.P.,
	 	 	a Georgia limited partnership, general partner
			
	 	 	By:	 	Wells Capital, Inc.,
	 	 	 	 	a Georgia corporation, general partner
				
	 	 	 	 	By:	 	  

	 	 	 	 	Name:	 	  

	 	 	 	 	Title:	 	  

			
	 	 	By:	 	  

	 	 	 	 	Leo F. Wells III, general partner
		
	By:	 	Wells Operating Partnership, L.P., a Delaware
	 	 	limited partnership, general partner
			
	 	 	By:	 	Wells Real Estate Investment Trust, Inc.,
	 	 	 	 	a Maryland corporation, general partner
				
	 	 	 	 	By:	 	  

	 	 	 	 	Name:	 	  

	 	 	 	 	Title:	 	  

  
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	WELLS FUND XII - REIT JOINT VENTURE
	PARTNERSHIP, a Georgia general partnership
		
	By:	 	Wells Real Estate Fund XII, L.P.,
	 	 	a Georgia limited partnership, general partner
			
	 	 	By:	 	Wells Partners, L.P.,
	 	 	 	 	a Georgia limited partnership, general partner
				
	 	 	 	 	By:	 	Wells Capital, Inc.,
	 	 	 	 	 	 	a Georgia corporation, general partner
					
	 	 	 	 	 	 	By:	 	  

	 	 	 	 	 	 	Name:	 	  

	 	 	 	 	 	 	Title:	 	  

	 	 	 	 	By:	 	  

	 	 	 	 	 	 	Leo F. Wells III, general partner
		
	By:	 	Wells Operating Partnership, L.P., a Delaware
	 	 	limited partnership, general partner
			
	 	 	By:	 	Wells Real Estate Investment Trust, Inc.,
	 	 	 	 	a Maryland corporation, as its general partner
				
	 	 	 	 	By:	 	  

	 	 	 	 	Name:	 	  

	 	 	 	 	Title:	 	  

  
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	WELLS REIT, LLC, VA I,
	a Georgia limited liability company
		
	By:	 	Wells Operating Partnership, L.P.,
	 	 	a Delaware limited partnership, its sole member
			
	 	 	By:	 	Wells Real Estate Investment Trust, Inc.,
	 	 	 	 	a Maryland corporation, its sole general partner
				
	 	 	 	 	By:	 	  

	 	 	 	 	Name:	 	  

	 	 	 	 	Title:	 	  

  
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	DANACQ FARMINGTON HILLS LLC,
	a Delaware limited liability company
		
	By:	 	Wells Operating Partnership, L.P.,
	 	 	a Delaware limited partnership, its sole member
			
	 	 	By:	 	Wells Real Estate Investment Trust, Inc.,
	 	 	 	 	a Maryland corporation, its sole general partner
				
	 	 	 	 	By:	 	  

	 	 	 	 	Name:	 	  

	 	 	 	 	Title:	 	  

  
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	DANACQ KALAMAZOO LLC,
	a Delaware limited liability company
		
	By:	 	Wells Operating Partnership, L.P.,
	 	 	a Delaware limited partnership, its sole member
			
	 	 	By:	 	Wells Real Estate Investment Trust, Inc.,
	 	 	 	 	a Maryland corporation, its sole general partner
				
	 	 	 	 	By:	 	  

	 	 	 	 	Name:	 	  

	 	 	 	 	Title:	 	  

  
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	WELLS BREA I, L.P.,
	a Delaware limited partnership
		
	By:	 	Wells Brea, LLC, a Delaware
	 	 	limited liability company, its sole general partner
			
	 	 	By:	 	Wells Operating Partnership, L.P.,
	 	 	 	 	a Delaware limited partnership, its sole member
				
	 	 	 	 	By:	 	Wells Real Estate Investment Trust, Inc., a
	 	 	 	 	 	 	Maryland corporation, its sole general partner
					
	 	 	 	 	 	 	By:	 	  

	 	 	 	 	 	 	Name:	 	  

	 	 	 	 	 	 	Title:	 	  

  
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	WESTLAKE WELLS, L.P.,
	a Texas limited partnership
		
	By:	 	Wells Real Estate Westlake, TX, LLC, a Delaware
	 	 	limited liability company, general partner
			
	 	 	By:	 	Wells Operating Partnership, L.P.,
	 	 	 	 	a Delaware limited partnership, sole member
				
	 	 	 	 	By:	 	 Wells Real Estate Investment Trust, Inc.,
 a Maryland corporation, its sole general partner

					
	 	 	 	 	 	 	By:	 	  

	 	 	 	 	 	 	Name:	 	  

	 	 	 	 	 	 	Title:	 	  

  
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	THE WELLS FUND XI - FUND XII - REIT
	JOINT VENTURE, a Georgia general partnership
		
	By:	 	Wells Operating Partnership, L.P.,
	 	 	a Delaware limited partnership, general partner
			
	 	 	By:	 	  

	 	 	Name:	 	  

	 	 	Title:	 	  

		
	By:	 	Wells Real Estate Fund XI, L.P., a Georgia
	 	 	limited partnership, general partner
			
	 	 	By:	 	Wells Partners, L.P.,
	 	 	 	 	a Georgia limited partnership, general partner
				
	 	 	 	 	By:	 	Wells Capital, Inc.,
	 	 	 	 	 	 	a Georgia corporation, general partner
					
	 	 	 	 	 	 	By:	 	  

	 	 	 	 	 	 	Name:	 	  

	 	 	 	 	 	 	Title:	 	  

			
	 	 	By:	 	  

	 	 	 	 	Leo F. Wells III, general partner
		
	By:	 	Wells Real Estate Fund XII, L.P.,
	 	 	a Georgia limited partnership, general partner
			
	 	 	By:	 	Wells Partners, L.P.,
	 	 	 	 	a Georgia limited partnership, general partner
				
	 	 	 	 	By:	 	Wells Capital, Inc.,
	 	 	 	 	 	 	a Georgia corporation, general partner
					
	 	 	 	 	 	 	By:	 	  

	 	 	 	 	 	 	Name:	 	  

	 	 	 	 	 	 	Title:	 	  

			
	 	 	By:	 	  

	 	 	 	 	Leo F. Wells III, general partner

  
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	WELLS - EDS DES MOINES, L.P.,
	a Texas limited partnership
		
	By:	 	Wells Real Estate - Des Moines, IA, LLC,
	 	 	a Delaware limited liability company, general partner
			
	 	 	By:	 	Wells Operating Partnership, L.P.,
	 	 	 	 	a Delaware limited partnership, its sole member
				
	 	 	 	 	By:	 	 Wells Real Estate Investment Trust, Inc.,
 a Maryland corporation, its sole general partner

					
	 	 	 	 	 	 	By:	 	  

	 	 	 	 	 	 	Name:	 	  

	 	 	 	 	 	 	Title:	 	  

  
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	PURCHASER:
	
	LEXINGTON CORPORATE PROPERTIES TRUST,
	a Maryland statutory real estate investment trust
		
	By:	 	  

	 	 	Richard J. Rouse, Chief Investment Officer

  
 IN WITNESS
WHEREOF, the undersigned Broker has joined in the execution and delivery hereof solely for the purpose of evidencing its rights and obligations under the provisions of Section 10.1 hereof. 
  

					
	 	 	BROKER:
	 	 	 EASTDIL REALTY COMPANY, LLC,
 a New
York limited liability company,

	Date of Execution:	 	 	 	 
	 	 	By:	 	  

	 	 	Name:	 	  

	                     , 2005
	 	Title:	 	  

  
  

 107CONSOL Energy Inc. Equity Incentive Plan, approved on May 3, 2005

 EXHIBIT 10.61 
  
 CONSOL ENERGY INC. 
 EQUITY INCENTIVE PLAN 
 AS AMENDED AND RESTATED 
 EFFECTIVE MAY 3, 2005 
  
 Capitalized terms shall have the meaning set forth in Section 16 of the Plan. 
  
 1.    Purpose. 
  
 The purposes of the CONSOL Energy Inc. Equity Incentive Plan as amended and restated as set forth herein are to promote the interests of the Company and its stockholders by (i) attracting and retaining Eligible
Directors, executive officers and other key employees and consultants of the Company and its Affiliates; (ii) motivating such individuals by means of performance-related incentives to achieve long-range performance goals; and (iii) enabling such
individuals to participate in the long-term growth and financial success of the Company 
  
 2.    Administration. 
  
 (a)    Authority of Board.    The Plan shall be administered by the Board. Subject to the terms of the Plan and applicable law, and in addition to other express powers and authorizations
conferred on the Board by the Plan, the Board shall have full power and authority to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to an eligible Employee; (iii) determine the number of Shares to be covered
by, or with respect to which payments, rights, or other matters are to be calculated in connection with, Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be
settled or exercised in cash, Shares, other securities, other Awards or other property, or canceled, forfeited, or suspended and the method or methods by which Awards may be settled, exercised, canceled, forfeited, or suspended; (vi) determine
whether, to what extent, and under what circumstances cash, Shares, other securities, other Awards, other property, and other amounts payable with respect to an Award shall be deferred either automatically or at the election of the holder thereof or
of the Board; (vii) interpret and administer the Plan and any instrument or agreement relating to, or Award made under, the Plan; (viii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem
appropriate for the proper administration of the Plan; (ix) advance the lapse of any waiting period, accelerate any exercise date, waive or modify any restriction applicable to Awards (except those restrictions imposed by law); and (x) make any
other determination and take any other action that the Board deems necessary or desirable for the administration of the Plan. The Board may correct any defect or supply any omission or reconcile any inconsistency in the Plan or in any Award
Agreement in the manner and to the extent it shall deem expedient to carry the Plan into effect, and it shall be the sole and final judge of such expediency. 
  
 (b)    Board Discretion Binding.    Unless otherwise expressly provided in the Plan, all designations,
determinations, interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Board, may be made at any time and shall be final, conclusive, and binding upon all Persons, including the
Company, any Affiliate, any Participant, any holder or beneficiary of any Award, any stockholder and any Employee. 
  
 (c)    Delegation to Committee.    Except with respect to Awards made pursuant to Section 10 to Eligible
Directors, the Board may delegate to the Committee any or all authority for administration of the Plan. If authority is delegated to a Committee, all references to the Board of Directors in the Plan shall mean and relate to the Committee except (i)
as otherwise provided by the Board of Directors and (ii) that only the Board of Directors may amend or terminate the Plan. 
  
 (d)    Delegation to Officer.    The Board or the Committee, as applicable, may delegate to an executive
officer of the Company authority to administer those aspects of the Plan that do not involve the designation of 

  

 
individuals to receive awards or decisions concerning the timing, amounts or other terms of awards. No officer to whom administrative authority has been
delegated pursuant to this provision may waive or modify any restriction applicable to an award to such officer under the Plan. 
  
 (e)    No Liability.    No member of the Board or Committee shall be liable for any action taken or
determination made in good faith with respect to the Plan or any Award granted hereunder. 
  
 3.    Shares Available for Awards; Limitations. 
  
 (a)    Shares Available.    Subject to adjustment as provided in Section 3(c), the total number of Shares
with respect to which Awards may be granted under the Plan shall be 9,100,000, out of which 1,300,000 may be used with respect to Awards other than Options. The total number of Shares which may be issued under the Plan with respect to Stock Options
shall be 9,100,000. If, after the Effective Date, any Shares covered by an Award granted under the Plan, or to which such an Award relates, are forfeited, or otherwise terminates or is canceled without the delivery of Shares, then the Shares covered
by such Award, or to which such Award relates, or the number of Shares otherwise counted against the aggregate number of shares with respect to which Awards may be granted, to the extent of any such forfeiture, termination or cancellation, shall
again become Shares with respect to which Awards may be granted. 
  
 (b)    Limitations on Awards.    Subject to adjustment as provided in Section 3(c), the maximum number of Shares with respect to which Awards may be granted to any Participant during a calendar
year shall be 1,000,000 Shares. The maximum annual number of shares in respect of which Restricted Stock Awards, Restricted Stock Units, Performance Awards and Other Stock-Based Awards may be granted under the Plan to any Participant is 325,000 and
the maximum annual amount of any Award settled in cash with respect to any Participant is $2 million. 
  
 (c)    Adjustments.    In the event that the Board determines that any dividend or other distribution
(whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other
securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company, or other similar corporate transaction or event affects the Shares such that an adjustment is determined by the Board to be
appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Board shall, in such manner as it may deem equitable, (i) adjust any or all of (1) the number of
Shares or other securities of the Company (or number and kind of other securities or property) with respect to which Awards may be granted, (2) the maximum number of Shares subject to an Award granted to a Participant pursuant to Section 3(b) of the
Plan, (3) the number of Shares or other securities of the Company (or number and kind of other securities or property) subject to outstanding Awards, and (4) the grant or exercise price with respect to any Award; (ii) if deemed appropriate, provide
for an equivalent award in respect of securities of the surviving entity of any merger, consolidation or other transaction or event having a similar effect; or (iii) if deemed appropriate, make provision for a cash payment to the holder of an
outstanding Award; provided, in each case, that (A) with respect to Awards of Incentive Stock Options no such adjustment shall be authorized to the extent that such authority would cause the Plan to violate Section 422(b)(1) of the Code, as from
time to time amended and (B) with respect to any Award no such adjustment shall be authorized to the extent that such authority would be inconsistent with the Plan’s meeting the requirements of Section 162(m), unless otherwise determined by the
Board. 
  
 (d)    Substitute
Awards.    Any Shares underlying Substitute Awards shall not, unless required by Section 16, be counted against the Shares available for Awards under the Plan. 
  
 (e)    Sources of Shares Deliverable under Awards.    Any Shares delivered
pursuant to an Award may consist, in whole or in part, of authorized and unissued Shares or of treasury Shares. 
  

 2 

 4.    Eligibility. 
  
 Any Employee, including any officer or employee-director of the Company or any Affiliate, who is not a member of the
Committee, shall be eligible to be designated a Participant. Eligible Directors shall be eligible for Awards as described in Section 10. 
  
 5.    Stock Options. 
  
 (a)    Grant.    Subject to the provisions of the Plan, the Board shall have sole and complete authority to
determine the Participants to whom Options shall be granted (provided that Incentive Stock Options may only be granted to employees of the Company or a parent or subsidiary of the Company within the meaning of Code Sections 424 (e) and (f)), the
number of Shares to be covered by each Option, the option price and the conditions and limitations applicable to the exercise of the Option. The Board shall have the authority to grant Incentive Stock Options, or to grant Non-Qualified Stock
Options, or to grant both types of options. In the case of Incentive Stock Options, the terms and conditions of such grants shall be subject to and comply with such rules as may be prescribed by Section 422 of the Code, as from time to time amended,
and any regulations implementing such statute. 
  
 (b)    Exercise Price.    The Board in its sole discretion shall establish the exercise price at the time each Option is granted. Except in the case of Substitute Awards, the exercise price of
an Option may not be less than the Fair Market Value on the Grant Date. 
  
 (c)    Exercise.    Each Option shall be exercisable at such times and subject to such terms and conditions as the Board may, in its sole discretion, specify in the applicable Award Agreement
or thereafter. The Board may impose such conditions with respect to the exercise of options, including without limitation, any relating to the application of federal or state securities laws, as it may deem necessary or advisable. Notwithstanding
the foregoing, an Option shall not be exercisable after the expiration of ten years from the Grant Date. 
  
 (d)    Payment.    No Shares shall be delivered pursuant to any exercise of an Option until payment in full
of the option price is received by the Company. Such payment may be made in cash, or its equivalent, or by exchanging, actually or constructively, Shares owned by the Participant (for any minimum period set forth in the Award Agreement or as may be
required to achieve fixed accounting under then applicable U.S. GAAP and (which are not the subject of any pledge or other security interest), or by a combination of the foregoing, provided that the combined value of all cash and cash equivalents
and the Fair Market Value of any such Shares so tendered to the Company as of the date of such tender is at least equal to such option price. A Participant may elect to pay all or any portion of the aggregate exercise price by having Shares with a
Fair Market Value on the date of exercise equal to the aggregate exercise price withheld by the Company or sold by a broker-dealer or, as provided in an Award Agreement, by having Shares withheld with such value by the Company. Shares that are
withheld from an award to satisfy tax-withholding obligations, shares that are surrendered to fulfill tax obligations incurred under the Plan, and shares surrendered in payment of the option exercise price upon the exercise of an option will not be
available for reissuance under the Plan. Shares that are purchased by the Company with proceeds that were paid to exercise options cannot be added to the share reserve. 
  
 (e)    Restoration Options.    The Board may provide in an Award Agreement
for the automatic grant of a Restoration Option to a Participant who delivers Shares in payment of the exercise price of any Option granted hereunder in accordance with Section 5(d), or in the event that the withholding tax liability arising upon
exercise of any such Option or option by a Participant is satisfied through the withholding by the Company of Shares otherwise deliverable upon exercise of the Option. The grant of a Restoration Option shall be subject to the satisfaction of such
conditions or criteria as the Board in its sole discretion shall establish from time to time. A Restoration Option shall entitle the holder thereof to purchase a number of Shares equal to the number of such Shares so delivered or withheld upon
exercise of the original Option. A Restoration Option shall have a per share exercise price of not less than 100% of the per Share Fair Market Value on the Grant Date of such Restoration Option and such other terms and conditions as the Board in its
sole discretion shall determine. 
  

 3 

 6.    Stock Appreciation Rights. 
  
 (a)    Grant.    Subject to
the provisions of the Plan, the Board shall have sole and complete authority to determine the Participants to whom Stock Appreciation Rights shall be granted, the number of Shares to be covered by each Stock Appreciation Right Award, the grant price
thereof and the conditions and limitations applicable to the exercise thereof. Stock Appreciation Rights may be granted in tandem with another Award, in addition to another Award, or freestanding and unrelated to another Award. Stock Appreciation
Rights granted in tandem with or in addition to an Award may be granted either at the same time as the Award or, except in the case of Incentive Stock Options, at a later time. Stock Appreciation Rights shall not be exercisable earlier than six
months after the Grant Date, and shall have a grant price no less that the Fair Market value of Shares covered by the right on the Grant Date (except with respect to a Substitute Award). 
  
 (b)    Exercise and Payment.    A Stock Appreciation Right shall entitle the
Participant to receive an amount equal to the excess of the Fair Market Value of a Share on the date of exercise of the Stock Appreciation Right over the grant price thereof. The Board shall determine whether a Stock Appreciation Right shall be
settled in cash, Shares or a combination of cash and Shares. Stock Appreciation Rights to be settled in shares of Common Stock shall be counted in full against the number of shares available for award under the Plan, regardless of the number of
Exercise Gain Shares issued upon settlement of the Stock Appreciation Right. 
  
 (c)    Other Terms and Conditions.    Subject to the terms of the Plan and any applicable Award Agreement, the Board shall determine, at or after the grant of a Stock
Appreciation Right, the term, (up to a maximum of ten years from the Grant Date), methods of exercise, methods and form of settlement, and any other terms and conditions of any Stock Appreciation Right. Any such determination by the Board may be
changed by the Board from time to time and may govern the exercise of Stock Appreciation Rights granted or exercised prior to such determination as well as Stock Appreciation Rights granted or exercised thereafter. The Board may impose such
conditions or restrictions on the exercise of any Stock Appreciation Right as it shall deem appropriate. 
  
 7.    Restricted Stock and Restricted Stock Units. 
  
 (a)    Grant.    Subject to the provisions of the Plan, the Board shall have sole and complete authority to
determine the Participants to whom Shares of Restricted Stock and Restricted Stock Units shall be granted, the number of Shares of Restricted Stock and/or the number of Restricted Stock Units to be granted to each Participant, the duration of the
period during which, and the conditions under which, the Restricted Stock and Restricted Stock Units may be forfeited to the Company, and the other terms and conditions of such Awards. 
  
 (b)    Transfer Restrictions.    Shares of Restricted Stock and Restricted
Stock Units may not be sold, assigned, transferred, pledged or otherwise encumbered, except, in the case of Restricted Stock, as provided in the Plan or the applicable Award Agreements. Certificates issued in respect of Shares of Restricted Stock
shall be registered in the name of the Participant and deposited by such Participant, together with a stock power endorsed in blank, with the Company. Upon the lapse of the restrictions applicable to such Shares of Restricted Stock, the Company
shall deliver such certificates to the Participant or the Participant’s legal representative. 
  
 (c)    Payment.    Each Restricted Stock Unit shall have a value equal to the Fair Market Value of a Share.
Restricted Stock Units shall be paid in cash, Shares, other securities or other property, as determined in the sole discretion of the Board, upon the lapse of the restrictions applicable thereto, or otherwise in accordance with the applicable Award
Agreement. 
  
 (d)    Dividends and
Distributions.    Dividends and other distributions paid on or in respect of any Shares of Restricted Stock or Restricted Stock Units may be paid directly to the Participant, or may be reinvested in additional Shares of
Restricted Stock or in additional Restricted Stock Units, as determined by the Board in its sole discretion. 
  

 4 

 8.    Performance Awards. 
  
 (a)    Grant.    The Board shall have sole and complete authority to
determine the Employees who shall receive a “Performance Award,” which shall consist of a right that is (i) denominated in cash or Shares, (ii) valued, as determined by the Board, in accordance with the achievement of such performance
goals during such performance periods as the Board shall establish, and (iii) payable at such time and in such form as the Board shall determine. 
  
 (b)    Terms and Conditions.    Subject to the terms of the Plan and any applicable Award Agreement, the
Board shall determine the performance goals to be achieved during any performance period, the length of any performance period, the amount of any Performance Award and the amount and kind of any payment or transfer to be made pursuant to any
Performance Award. 
  
 (c)    Payment of
Performance Awards.    Performance Awards may be paid in a lump sum or in installments following the close of the performance period or, in accordance with procedures established by the Board, on a deferred basis. 

 
 9.    Other Stock-Based Awards. 
  
 The Board shall have authority to grant to Participants an “Other
Stock-Based Award,” which shall consist of any right that is (i) not an Award described in Sections 5 through 8 above and (ii) an Award of Shares or an Award denominated or payable in, valued in whole or in part by reference to, or otherwise
based on or related to, Shares (including, without limitation, securities convertible into Shares), as deemed by the Board to be consistent with the purposes of the Plan. Subject to the terms of the Plan and any applicable Award Agreement, the Board
shall determine the terms and conditions of any such Other Stock-Based Award. 
  
 10.    Eligible Directors. 
  
 Except as otherwise determined by the Board in its sole discretion, Eligible Directors shall receive Awards in accordance with this Section. Except as otherwise provided in this Section, Awards to Eligible Directors shall be subject to the
remaining provisions of the Plan. 
  
 (a)    Initial Grant.    Each Eligible Director shall receive, upon initial election to the Board as an Eligible Director, a Non-Qualified Stock Option to acquire 4,000 Shares. 
  
 (b)    Annual
Grants.    Effective as of the date of each annual meeting of the Company’s shareholders at which directors are elected or reelected to the Board, each Eligible Director who has not received a grant pursuant to paragraph
(a) above since the immediately preceding annual meeting of the Company’s shareholders shall receive an Option to acquire 2,500 Shares. 
  
 (c)    Terms of Initial Grants and Annual Grants.    The exercise price per Share of each Option granted to
an Eligible Director shall be the Fair Market Value of a Share on the Grant Date. Options shall vest ratably and become exercisable in one-third increments on each anniversary of the Grant Date. Except as otherwise provided in this paragraph,
Options shall expire 10 years from the Grant Date. Unvested Options shall immediately vest and become exercisable if an individual ceases to be a director on account of death, disability or retirement at normal retirement age for directors, and
shall remain exercisable until the normal expiration of the Option. Upon termination as a director for any other reason other than Cause, unvested Options shall be forfeited and vested Options shall remain exercisable for three months following the
termination date. Upon termination as a Director for Cause, all Options (whether or not vested) shall be forfeited as of the termination date. 
  
 (d)    Deferred Stock Unit Grants.    The Board may grant Deferred Stock Units to Eligible Directors in
lieu of all or any portion of the annual retainer or meeting fees otherwise payable to the Eligible Directors. Each Deferred Stock Unit shall entitle the Eligible Director to receive one Share or an amount of cash equal to the Fair 

  

 5 

 
Market Value of a Share on the payment date, on terms and conditions established by the Board. The Board may also permit Eligible Directors to elect to
receive Deferred Stock Units in lieu of all or any portion of the annual retainer or meeting fees otherwise payable to the Eligible Director in cash, or to defer receipt of Shares or cash to be paid pursuant to Deferred Stock Units, in accordance
with a deferred compensation policy to be established by the Company. 
  
 (e)    Other Awards.    The Board in its sole discretion may grant other types of Awards to Eligible Directors in lieu of all or any portion of any Initial Grant and/or Annual Grant of
Non-Qualified Stock Option described in paragraphs (a) and (b) above. 
  
 11.    Termination of Employment/Service. 
  
 The Board shall have the full power and authority to determine the terms and conditions that shall apply to any Award upon a termination of employment/service, including a termination by the Company without Cause, by
a Participant voluntarily, or by reason of death, Disability or Retirement. 
  
 12.    Change in Control. 
  
 In the event that the Company engages in a transaction constituting a Change in Control, the Board shall have complete authority and discretion, but not the obligation, to accelerate the vesting of outstanding Awards and the termination of
restrictions on Shares. As part of any agreement in connection with a Change in Control, the Board may also negotiate terms providing protection for Participants, including, the assumption of any Awards outstanding under the Plan or the substitution
of similar awards for those outstanding under the Plan. 
  
 13.    Amendment and Termination. 
  
 (a)    Amendments to the Plan.    The Board may amend, alter, suspend, discontinue, or terminate the Plan or any portion thereof at any time; provided that no such amendment, alteration,
suspension, discontinuation or termination shall be made without stockholder approval if it would constitute a repricing of an Option or a stock-settled Stock Appreciation Right or if such approval is necessary to comply with any tax or regulatory
requirement for which or with which the Board deems it necessary or desirable to comply. 
  
 (b)    Amendments to Awards.    The Board may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate, any Award
theretofore granted, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation, or termination that would adversely affect the rights of any Participant or any holder or
beneficiary of any Award theretofore granted shall not to that extent be effective without the consent of the affected Participant, holder, or beneficiary. 
  
 (c)    Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events.    The Board is
hereby authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 3(c) hereof) affecting the
Company, any Affiliate, or the financial statements of the Company or any Affiliate, or of changes in applicable laws, regulations, or accounting principles, whenever the Board determines that such adjustments are appropriate in order to prevent
dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan; provided that no such adjustment shall be authorized to the extent that such authority would be inconsistent with the Plan’s meeting the
requirements of Section 162(m) unless otherwise determined by the Board. 
  
 (d)    Cancellation.    Any provision of this Plan or any Award Agreement to the contrary notwithstanding, the Board may cause any Award granted hereunder to be canceled
in consideration of a cash payment or alternative Award made to the holder of such canceled Award equal in value to the Fair Market Value of such canceled Award except to the extent that such payment would violate the requirements of Section 409A of
the Code. 
  

 6 

 14.    General Provisions. 
  
 (a)    Dividend Equivalents.    In the sole and complete discretion of the
Board, an Award may provide the Participant with dividends or dividend equivalents, payable in cash, Shares, other securities or other property on a current or deferred basis. 
  
 (b)    Nontransferability.    Except to the extent provided in an Award
Agreement, no Award shall be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant, except by will or the laws of descent and distribution. 
  
 (c)    No Rights to Awards.    No Employee, Participant or other Person shall
have any claim to be granted any Award, and there is no obligation for uniformity of treatment of Employees, Eligible Directors, consultants, Participants, or holders or beneficiaries of Awards. The terms and conditions of Awards need not be the
same with respect to each recipient. 
  
 (d)    Share Certificates.    All certificates for Shares or other securities of the Company or any Affiliate delivered under the Plan pursuant to any Award or the exercise thereof shall be
subject to such stop transfer orders and other restrictions as the Board may deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any stock exchange upon which such Shares or other securities are then listed,
and any applicable Federal or state laws, and the Board may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 
  
 (e)    Withholding.    A Participant may be required to pay to the Company or
any Affiliate and the Company or any Affiliate shall have the right and is hereby authorized to withhold from any Award, from any payment due or transfer made under any Award or under the Plan or from any compensation or other amount owing to a
Participant the amount (in cash, Shares, other securities, other Awards or other property) of any applicable withholding or other taxes in respect of an Award, its exercise, or any payment or transfer under an Award or under the Plan and to take
such other action as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes. The Board may provide for additional cash payments to holders of Awards to defray or offset any tax arising from the grant,
vesting, exercise, or payments of any Award. 
  
 (f)    Award Agreements.    Each Award hereunder shall be evidenced by an Award Agreement that shall be delivered to the Participant and shall specify the terms and conditions of the Award and
any rules applicable thereto. 
  
 (g)    No
Limit on Other Compensation Arrangements.    Nothing contained in the Plan shall prevent the Company or any Affiliate from adopting or continuing in effect other compensation arrangements, which may, but need not, provide for
the grant of options, restricted stock, Shares and other types of Awards provided for hereunder (subject to stockholder approval if such approval is required), and such arrangements may be either generally applicable or applicable only in specific
cases. 
  
 (h)    No Right to
Employment.    The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of the Company or any Affiliate. Further, the Company or an Affiliate may at any time dismiss a
Participant from employment, free from any Liability or any claim under the Plan, unless otherwise expressly provided in the Plan or in any Award Agreement. 
  
 (i)    No Rights as Stockholder.    Subject to the provisions of the applicable Award, no Participant or
holder or beneficiary of any Award shall have any rights as a stockholder with respect to any Shares to be distributed under the Plan until he or she has become the holder of such Shares. Notwithstanding the foregoing, in connection with each grant
of Restricted Stock hereunder, the applicable Award shall specify if and to what extent the Participant shall not be entitled to the rights of a stockholder in respect of such Restricted Stock. 
  

 7 

 (j)    Governing Law.    The validity, construction, and
effect of the Plan and any rules and regulations relating to the Plan and any Award Agreement shall be determined in accordance with the laws of the State of Delaware without giving effect to the conflict of law principles thereof. 
  
 (k)    Severability.    If any
provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Board, such
provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Board, materially altering the intent of the Plan or the Award, such provision
shall be stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such Award shall remain in full force and effect. 
  
 (l)    Other Laws.    The Board may refuse to issue or transfer any Shares or other consideration under an
Award if, acting in its sole discretion, it determines that the issuance or transfer of such Shares or such other consideration might violate any applicable law or regulation or entitle the Company to recover the same under Section 16(b), and any
payment tendered to the Company by a Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder, or beneficiary. Without limiting the generality of the
foregoing, no Award granted hereunder shall be construed as an offer to sell securities of the Company, and no such offer shall be outstanding, unless and until the Board in its sole discretion has determined that any such offer, if made, would be
in compliance with all applicable requirements of the U.S. federal securities laws and any other laws to which such offer, if made, would be subject. 
  
 (m)    No Trust or Fund Created.    Neither the Plan nor any Award shall create or be construed to create a
trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Affiliate pursuant
to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Affiliate. 
  
 (n)    No Fractional Shares.    No fractional Shares shall be issued or delivered pursuant to the Plan or
any Award, and the Board shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Shares or whether such fractional Shares or any rights thereto shall be canceled, terminated, or
otherwise eliminated. 
  
 (o)    Headings.    Headings are given to the Sections and subsections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or
relevant to the construction or interpretation of the Plan or any provision thereof. 
  
 (p)    Parachute Payments.    The Board may provide in an Award Agreement that no amounts shall be paid or considered paid to the extent that any such payments would be
nondeductible by the Company under Code Section 280G. 
  
 15.    Term of the Plan. 
  
 (a)    Effective Date.    The Plan shall be effective as of the Effective Date provided it has been approved by the Company’s stockholders within twelve months of such date. 
  
 (b)    Expiration Date.    No
Incentive Stock Option shall be granted under the Plan after April 7, 2009 and no deferred stock units or awards other than incentive stock options may be granted after the tenth anniversary of the Effective Date. Unless otherwise expressly provided
in the Plan or in an applicable Award Agreement, any Award granted hereunder may, and the authority of the Board or the Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Award or to waive any conditions or rights under
any such Award shall, continue after the authority for grant of new Awards hereunder has been exhausted. 
  

 8 

 16.    Definitions. 
  
 As used in the Plan, the following terms shall have the meanings set forth below: 
  
 “Affiliate” shall mean (i) any entity that, directly or indirectly,
is controlled by the Company, (ii) any entity in which the Company has a significant equity interest and (iii) an Affiliate of the Company as defined in Rule 12b-2 promulgated under Section 12 of the Exchange Act, in either case as determined by the
Committee. 
  
 “Annual Service Period” means an annual
period determined by the Board, which annual period shall be January 1 through December 31 or such other annual period as may be designated from time to time by the Board. 
  
 “Award” shall mean any Option, Stock Appreciation Right, Restricted Stock Award, Restricted Stock Unit,
Performance Award or other Stock-Based Award. 
  
 “Award
Agreement” shall mean any written agreement, contract, or other instrument or document evidencing any Award, which shall not become effective until executed or acknowledged by a Participant. 
  
 “Board” shall mean the Board of Directors of the Company.

  
 “Cause” shall mean, unless otherwise defined in the
applicable Award Agreement, a determination by the Committee that a Participant has: (1) committed an act of embezzlement, fraud, dishonesty or breach of fiduciary duty to the Company; (2) deliberately and repeatedly violated the rules of the
Company or the valid instructions of the Board or an authorized officer of the Company; (3) made any unauthorized disclosure of any of the material secrets or confidential information of the Company; or (4) engaged in any conduct that could
reasonably be expected to result in material loss, damage or injury to the Company. 
  
 “Change in Control” shall mean, unless otherwise defined in the applicable Award Agreement, the earliest to occur of: (1) any one “person” as such term is used in Sections 13(d) and 14(d) of the
Exchange Act (other than (A) the Company, (B) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, and (C) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially
the same proportions as their ownership of Shares), or more than one “person” acting as a “group”, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of Shares that, together with the
Shares held by such “person” or “group”, possess more than 50% of the total Fair Market Value or total voting power of the Shares; (2) a majority of members of the Board is replaced during any 12 month period by directors whose
appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election; or (3) the sale of all or substantially all of the Company’s assets. 
  
 “Code” shall mean the Internal Revenue Code of 1986, as amended
from time to time. 
  
 “Committee” shall mean a
committee of the Board designated by the Board to administer the Plan. To the extent deemed appropriate by the Board, the Committee shall be composed of not less than two individuals who are “outside directors” within the meaning of Code
Section 162(m) and “non-employee directors” within the meaning of Section 16 and “independent directors” within the meaning of Section 303A of the New York Stock Exchange Listed Company Manual. 
  
 “Company” shall mean CONSOL Energy Inc. 
  
 “Deferred Stock Unit” means a right, granted to Eligible Directors
in accordance with Section 10, to acquire a Share for no consideration or some other amount determined by the Board. 
  
 “Disability” shall mean, unless otherwise defined in the applicable Award Agreement, a Participant’s inability, because of physical or
mental incapacity or injury (that has continued for a period of at least 12 

  

 9 

 
consecutive calendar months), to perform for the Company or an Affiliate substantially the same services as he or she performed prior to incurring such
incapacity or injury. 
  
 “Effective Date” shall mean
May 3, 2005. 
  
 “Eligible Director” means a director
who is not an employee of the Company or any of its Affiliates. 
  
 “Employee” shall mean an employee or consultant of the Company or of any Affiliate, including any individual who enters into an employment agreement with the Company or an Affiliate which provides for commencement of employment
within three months of the date of the agreement. 
  
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
  
 “Fair Market Value” shall mean the fair market value of the property or other item being valued, as determined by the Committee in its sole discretion. Fair Market Value with respect to the Shares, as of any
date, shall mean (i) if the Shares are listed on a securities exchange or are traded over the NASDAQ National Market System, the closing sales price of the Shares on such exchange or over such system on such date, or in the absence of reported sales
on such date, the closing sales price on the immediately preceding date on which sales were reported, (ii) if the Shares are not so listed or traded, the mean between the bid and offered prices of the Shares as quoted by the National Association of
Securities Dealers through NASDAQ for such date or (iii) in the event there is no public market for the Shares, the fair market value as determined by the Committee in its sole discretion. 
  
 “Grant Date” means, with respect to an Award, date on which the
Board makes the determination to grant such Award, or such other date as is determined by the Board. Within a reasonable time thereafter, the Company will execute and deliver an Award Agreement to the Participant. 
  
 “Incentive Stock Option” shall mean a right to purchase Shares from
the Company that is granted under Section 5 of the Plan and that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. 
  
 “Non-Qualified Stock Option” shall mean a right to purchase Shares from the Company that is granted under Section
5 of the Plan and that is not intended to be an Incentive Stock Option. 
  
 “Option” shall mean an Incentive Stock Option or a Non-Qualified Stock Option and shall include a Restoration Option. 
  
 “Other Stock-Based Award” shall mean any right granted under Section 9 of the Plan. 
  
 “Participant” shall mean any Employee or Eligible Director who
receives an Award under the Plan. 
  
 “Performance
Award” shall mean any right granted under Section 8 of the Plan. 
  
 “Person” shall mean any individual, corporation, partnership, association, joint-stock company, trust, unincorporated organization, government or political subdivision thereof or other entity. 
  
 “Plan” shall mean this CONSOL Energy Inc. Equity Incentive Plan as
amended and restated herein. 
  
 “Restoration Option”
shall mean an Option granted pursuant to Section 5(e) of the Plan. 
  
 “Restricted Stock” shall mean any Share granted under Section 7 of the Plan. 
  

 10 

 “Restricted Stock Unit” shall mean any unit granted under Section 7 of the Plan. 
  
 “Retirement” shall mean with respect to a Participant other than an
Eligible Director retirement of a Participant from the employ or service of the Company or any of its Affiliates in accordance with the terms of the applicable Company retirement plan or, if a Participant is not covered by any such plan, retirement
on or after such Participant’s 65th birthday, unless otherwise defined in the applicable Award Agreement. 
  
 “SEC” shall mean the Securities and Exchange Commission or any successor thereto and shall include the staff thereof. 
  
 “Section 16” shall mean Section 16 of the Exchange Act and the
rules promulgated thereunder and any successor provision thereto as in effect from time to time. 
  
 “Section 162(m)” shall mean Section 162(m) of the Internal Revenue Code of 1986 and the rules promulgated thereunder or any successor provision
thereto as in effect from time to time. 
  
 “Shares”
shall mean shares of the common stock, $.01 par value, of the Company, or such other securities of the Company as may be designated by the Committee from time to time. 
  
 “Stock Appreciation Right” shall mean any right granted under Section 6 of the Plan. 
  
 “Substitute Awards” shall mean Awards granted in assumption of, or
in substitution for, outstanding awards previously granted by a company acquired by the Company or with which the Company combines. 
  
 IN WITNESS WHEREOF, CONSOL Energy Inc. has executed this Plan on May 3, 2005. CONSOL Energy Inc. 
  

			
		
	By:	 	/s/    J. BRETT HARVEY        
	 Its:
	 	Chief Executive Officer

  

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