Document:

EX-4.1

 Exhibit 4.1 
 EXECUTION VERSION 
  

 
  

MENTOR GRAPHICS CORPORATION 
 and 
 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC 

as Rights Agent 

Second Amended and Restated Rights Agreement 
 Dated as of June 28, 2013 
  

 
  

 SECOND AMENDED AND RESTATED RIGHTS AGREEMENT 

Second Amended and Restated Rights Agreement, dated as of June 28, 2013 (this “Agreement”), between Mentor Graphics
Corporation, an Oregon corporation (the “Company”), and American Stock Transfer & Trust Company, LLC, a New York limited liability trust company, as Rights Agent (the “Rights Agent”). 

RECITALS 

WHEREAS, on June 24, 2010, the Board of Directors (the “Board”) of the Company adopted the Rights Agreement dated
as of June 24, 2010 between the Company and the Rights Agent (the “Original Agreement”), authorized and declared a dividend of one incentive stock purchase right (a “Right”) for each share of Common Stock (as
defined in Section 1.6) of the Company outstanding at the close of business on July 6, 2010 (the “Record Date”) and authorized and directed the issuance of one Right (subject to adjustment as provided therein) with
respect to each share of Common Stock that shall become outstanding between the Record Date and the earliest of the Distribution Date and the Expiration Date (as such terms are defined in Sections 3.1 and 7.1, respectively), each Right
initially representing the right to purchase one ten-thousandth (subject to adjustment) of a share of Series B Junior Participating Incentive Stock, no par value (the “Incentive Stock”) of the Company having the rights, powers and
preferences set forth in the Amendment to the 1987 Restated Articles of Incorporation of Mentor Graphics Corporation, adopted on June 24, 2010 (as amended from time to time), upon the terms and subject to the conditions set forth therein;
provided, however, that Rights may be issued with respect to Common Stock that shall become outstanding after the Distribution Date and prior to the Expiration Date in accordance with Section 22; 

WHEREAS, the Original Agreement was amended and restated pursuant to the Amended and Restated Rights Agreement dated as of
December 23, 2011 (the “First A&R Agreement”); 
 WHEREAS, under the terms of the First A&R
Agreement, the Rights will expire at the close of business on June 30, 2013, and under Section 26 of the First A&R Agreement, the Company and the Rights Agent may from time to time supplement or amend any provision of the First A&R
Agreement; 
 WHEREAS, on June 28, 2013, the Board authorized and approved amendments to the First A&R Agreement, which
included, among other things, (i) the extension of the expiration date from June 30, 2013 to June 30, 2015, (ii) an increase in the trigger threshold for determining who constitutes an Acquiring Person to 20% in the case of
Persons meeting the definition of a Passive Institutional Investor and (iii) the addition of a qualifying offer provision, which provides, as set forth herein, that the shareholders of the Company may cause the Board to call a special meeting
if the Board has not redeemed the Rights or exempted a Qualifying Offer within a certain timeframe; 
 NOW, THEREFORE, in
consideration of the premises and the mutual agreements herein set forth, the parties hereby agree to amend, restate and supersede the First A&R Agreement in its entirety as follows: 

 Section 1. Certain Definitions. 

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

1.1.“Acquiring Person” shall mean any Person who or which, together with all Related Persons of such Person, shall be the
Beneficial Owner of 15% (20% in the case of a Passive Institutional Investor) or more of the Common Stock then outstanding; provided that the ownership percentages specified in this Section 1.1 as applying to Passive Institutional
Investors shall be subject in all respects to the provisions in the definition of “Passive Institutional Investor.” An Exempt Person shall not be an “Acquiring Person”. Further, an Existing Holder shall not be “Acquiring
Person”; provided that an Existing Holder shall become an “Acquiring Person” at such time, if any, that such Existing Holder becomes the Beneficial Owner of one or more additional shares of Common Stock (excluding shares of
Common Stock acquired pursuant to a dividend or distribution paid or made by the Company on the outstanding Common Stock in Common Stock or pursuant to a split or subdivision of the outstanding Common Stock), unless (a) upon acquiring such
Beneficial Ownership such Existing Holder does not Beneficially Own 15% (20% in the case of a Passive Institutional Investor) or more of the Common Stock then outstanding, or (b) upon acquiring such Beneficial Ownership on settlement of a Synthetic
Equity Position, such Existing Holder does not Beneficially Own 15% (20% in the case of a Passive Institutional Investor) or more of the Common Stock then outstanding, calculated in the case of this clause (b) without regard to any Synthetic Equity
Positions held or maintained by such Existing Holder. Notwithstanding the foregoing, no Person shall become an “Acquiring Person” as the result of an acquisition of Common Stock by the Company which, by reducing the number of shares
outstanding, increases the proportionate number of shares Beneficially Owned by such Person to 15% (20% in the case of a Passive Institutional Investor) or more of the Common Stock then outstanding; provided, however, that if a Person shall
become the Beneficial Owner of 15% (20% in the case of a Passive Institutional Investor) or more of the Common Stock then outstanding solely by reason of share purchases by the Company and shall, after such share purchases by the Company, become the
Beneficial Owner of one or more additional shares of Common Stock (other than pursuant to a dividend or distribution paid or made by the Company on the outstanding Common Stock in Common Stock or pursuant to a split or subdivision of the outstanding
Common Stock), then such Person shall be deemed to be an “Acquiring Person” unless, upon becoming the Beneficial Owner of such additional Common Stock, such Person does not Beneficially Own 15% (20% in the case of a Passive Institutional
Investor) or more of the Common Stock then outstanding. Notwithstanding the foregoing, if the Board determines in good faith that a Person who would otherwise be an “Acquiring Person,” as defined pursuant to the foregoing provisions of
this Section 1.1, has become such inadvertently (including, without limitation, because (A) such Person was unaware that it Beneficially Owned a percentage of Common Stock that would otherwise cause such Person to be an “Acquiring
Person” or (B) such Person was aware of the extent of its Beneficial Ownership of Common Stock but had no actual knowledge of the consequences of such Beneficial Ownership under this Agreement) and had no intention of changing or influencing
control of the Company, and such Person divests as promptly as practicable a sufficient number of shares of Common Stock so that such Person would no longer be an Acquiring Person, as defined pursuant to the foregoing provisions of this Section
1.1, then such Person shall not be deemed to be or have become an “Acquiring Person” at any time for any purposes of this Agreement. For all purposes of this Agreement, any calculation of the number of shares of Common Stock
outstanding at any 

  
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particular time, including for purposes of determining the particular percentage of such outstanding Common Stock of which any Person is the Beneficial Owner, shall include the number of shares
of Common Stock not outstanding at the time of such calculation that such Person is otherwise deemed to Beneficially Own for purposes of this Agreement. The number of shares of Common Stock not outstanding that such Person is otherwise deemed to
Beneficially Own for purposes of this Agreement shall be deemed to be outstanding for the purpose of computing the percentage of the outstanding number of shares of Common Stock owned by such Person but shall not be deemed to be outstanding for the
purpose of computing the percentage of outstanding Common Stock owned by any other Person. 
 1.2. “Affiliate”
and “Associate” shall have the respective meanings ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as in effect
on the date of this Agreement. 
 1.3. A Person shall be deemed the “Beneficial Owner” of and shall be deemed to
“Beneficially Own” and have “Beneficial Ownership” of any securities: 
 1.3.1. which such
Person or any of such Person’s Related Persons, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (A) voting power, which includes the power to vote, or to direct the voting
of, such security (except that a Person shall not be deemed to be the Beneficial Owner of any security under this clause (A) if such voting power arises solely from a revocable proxy or consent given to such Person in response to a
public proxy or consent solicitation made pursuant to, and in accordance with, Section 14(a) of the Exchange Act by means of a solicitation statement filed on Schedule 14A), and/or (B) investment power, which includes the power to dispose,
or to direct the disposition of, such security; 
 1.3.2. which such Person or any of such Person’s Related Persons,
directly or indirectly, has the Right to Acquire; provided, however, that a Person shall not be deemed the Beneficial Owner of, or to Beneficially Own, (x) securities tendered pursuant to a tender or exchange offer made by or on behalf
of such Person or any of such Person’s Related Persons, until such tendered securities are accepted for purchase or exchange, (y) securities which such Person or any of such Person’s Related Persons, has a Right to Acquire upon the
exercise of Rights at any time prior to the time that any Person becomes an Acquiring Person, or (z) securities issuable upon the exercise of Rights from and after the time that any Person becomes an Acquiring Person if such Rights were
acquired by such Person or any of such Person’s Related Persons prior to the Distribution Date or pursuant to Section 3.1 or Section 22 (“Original Rights”) or pursuant to Section 11.9 or
Section 11.14 with respect to an adjustment to Original Rights; 
 1.3.3. which are Beneficially Owned, directly or
indirectly, by any other Person (or any Affiliate or Associate thereof) with whom such Person or any of such Person’s Related Persons, has an agreement, arrangement or understanding to act together for the purpose of acquiring, holding, voting
or disposing of any securities of the Company (except that a Person shall not be deemed to be the Beneficial Owner of any security under this Section 1.3.3 if such voting power arises solely from a revocable proxy or consent given to
such Person in response to a public proxy or consent solicitation made pursuant to, and in accordance with, Section 14(a) of the Exchange Act by means of a solicitation statement filed on Schedule 14A); or 

  
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 1.3.4. of which such Person would otherwise be deemed to be the beneficial owner pursuant to
Rule 13d-3 under the Exchange Act. 
 For purposes of determining whether a Person is an “Acquiring Person” within the
meaning of Section 1.1, a Person who or which, together with all of such Person’s Related Persons, shall be the “Beneficial Owner” (within the meaning of Sections 1.3.1 through 1.3.4 hereof) of 5% or more of
the Common Stock then outstanding, shall also be deemed to be the “Beneficial Owner” of, to have “Beneficial Ownership” of and to “Beneficially Own,” the full notional amount of any securities that, directly or
indirectly, underlie any “derivative security” (as such term is defined in Rule 16a-1(c) under the Exchange Act) that constitutes a “call equivalent position” (as such term is defined in Rule 16a-1(b) under the Exchange Act), but
does not otherwise constitute a Right to Acquire such securities (“Synthetic Equity Position”) and that is, directly or indirectly, held or maintained by such Person, or any of such Person’s Related Persons; provided
that, for the purposes of the definition of “Synthetic Equity Position,” the term “derivative security” shall also include any security or instrument that would not otherwise constitute a “derivative security” as a
result of any feature that would make any conversion, exercise or similar right or privilege of such security or instrument become determinable only at some future date or upon the happening of a future occurrence, in which case the determination of
the amount of securities into which such security or instrument would be convertible or exercisable shall be made assuming that such security or instrument is immediately convertible or exercisable at the time of such determination; and,
provided, further, that any Person satisfying the requirements of Rule 13d-1(b)(1) (other than a Person that so satisfies Rule 13d-1(b)(1) solely by reason of Rule 13d-1(b)(1)(ii)(E)) shall not be deemed to Beneficially Own the notional
amount of any securities that underlie a Synthetic Equity Position held by such Person as a hedge with respect to a bona fide derivatives trade or position of such Person arising in the ordinary course of such Person’s business as a derivatives
dealer. For the avoidance of doubt, a Person shall be deemed to have acquired Beneficial Ownership of additional shares of Common Stock upon settlement of a Synthetic Equity Position for shares of Common Stock or upon entry into, or acquisition of,
any Synthetic Equity Position that was not held or maintained by such Person as of immediately prior to the first public announcement of the adoption of the Original Agreement. 

No Person shall be deemed to be the “Beneficial Owner” of, to have “Beneficial Ownership” of or to “Beneficially
Own” any securities which such Person or any of such Person’s Related Persons, would otherwise be deemed to “Beneficially Own” pursuant to this Section 1.3 solely as a result of any merger or other acquisition
agreement between the Company and such Person (or one or more of such Person’s Related Persons), or any tender, voting or support agreement entered into by such Person (or one or more of such Person’s Related Persons) in connection
therewith, if, prior to such Person becoming an Acquiring Person, the Board has approved such merger or other acquisition agreement, or such tender, voting or support agreement. 

  
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 No Person who is an officer, director or employee of an Exempt Person shall be deemed,
solely by reason of such Person’s status or authority as such, to be the “Beneficial Owner” of, to have “Beneficial Ownership” of or to “Beneficially Own” any securities that are “Beneficially Owned” (as
defined in this Section 1.3), including, without limitation, in a fiduciary capacity, by an Exempt Person or by any other such officer, director or employee of an Exempt Person. 

1.4. “Business Day” shall mean any day other than a Saturday, Sunday, or a day on which banking institutions in the State
of New York are authorized or obligated by law or executive order to close. 
 1.5. “close of business” on any
given date shall mean 5:00 p.m., pacific time, on such date; provided, however, that if such date is not a Business Day it shall mean 5:00 p.m., pacific time, on the next succeeding Business Day. 

1.6. “Common Stock” when used with reference to the Company shall mean the Common Stock, no par value, of the Company.
“Common Stock” when used with reference to any Person other than the Company shall mean the capital stock with the greatest voting power, or the equity securities or other equity interest having power to control or direct the management,
of such other Person or, if such Person is a Subsidiary of another Person, the Person or Persons which ultimately control such first-mentioned Person, and which has issued and outstanding such capital stock, equity securities or equity interest.

 1.7. “Definitive Acquisition Agreement” shall mean any definitive written agreement entered into by the
Company that is conditioned on the approval by the holders of not less than a majority of the outstanding shares of Common Stock at a meeting of the shareholders of the Company with respect to (i) a merger, consolidation, recapitalization,
reorganization, share exchange, business combination or similar transaction involving the Company and resulting in a Change in Control of the Company or (ii) the acquisition in any manner, directly or indirectly, of more than 50% of the
consolidated total assets (including, without limitation, equity securities of its subsidiaries) of the Company and its Subsidiaries. For the purposes of this Section 1.7, a “Change in Control” of the Company means any
transaction by virtue of which any Person (including such Person’s Affiliates) would (i) become the holder of a majority of the outstanding shares of Common Stock of the Company or its successor and/or (ii) be entitled to elect a
majority of Directors to the Board (or the equivalent majority control of any controlling body of a successor of the Company). 

1.8. “Exempt Person” shall mean the Company, any Subsidiary of the Company, in each case including, without limitation,
the officers and members of the board of directors thereof acting in their fiduciary capacities, or any employee benefit plan of the Company or of any Subsidiary of the Company or any entity or trustee holding shares of capital stock of the Company
for or pursuant to the terms of any such plan, or for the purpose of funding other employee benefits for employees of the Company or any Subsidiary of the Company. 
 1.9. “Existing Holder” shall mean any Person who, immediately prior to the first public announcement of the adoption of the Original Agreement, was the Beneficial Owner of 15% or more of
the Common Stock then outstanding, together with any Affiliates and Associates of such Person. 

  
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 1.10. “Passive Institutional Investor” shall mean any Person who or which
has reported or is required to report Beneficial Ownership of shares of Common Stock of the Company on Schedule 13G under the Exchange Act (or any comparable or successor report), but only so long as (x) such Person is eligible to report such
ownership on Schedule 13G under the Exchange Act (or any comparable or successor report), and (y) such Person has not reported and is not required to report such ownership on Schedule 13D under the Exchange Act (or any comparable or successor
report) and such Person does not hold shares of Common Stock of the Company on behalf of any other Person who is required to report Beneficial Ownership of shares of Common Stock of the Company on such Schedule 13D; provided that if a
formerly Passive Institutional Investor should report or become required to report Beneficial Ownership of shares of Common Stock of the Company on Schedule 13D, that formerly Passive Institutional Investor will not be deemed to be or to have become
an Acquiring Person if (i) at the time it reports or becomes required to report Beneficial Ownership of shares of Common Stock of the Company on Schedule 13D, that formerly Passive Institutional Investor has Beneficial Ownership of less than
15% of the Common Stock then outstanding; or (ii) (A) it divests as promptly as practicable (but in any event not later than 20 business days after becoming required to report on Schedule 13D) Beneficial Ownership of a sufficient number of
shares of Common Stock of the Company so that it would no longer be an “Acquiring Person,” as defined herein, and (B) prior to reducing its Beneficial Ownership to below 15%, it does not increase its Beneficial Ownership of the Common
Stock then outstanding (other than by reason of share purchases by the Company) above the lowest Beneficial Ownership of such Person at any time during the 20-day period. 
 1.11. “Person” shall mean any individual, partnership, joint venture, limited liability company, firm, corporation, unincorporated association, trust or other entity, and shall include
any successor (by merger or otherwise) of any such Person. 
 1.12. “Qualifying Offer” shall mean an offer
determined by the Board to have, to the extent required for the type of offer specified, each of the following characteristics: 

1.12.1. a fully financed all-cash tender offer for any and all of the outstanding shares of Common Stock at the same per-share
consideration; 
 1.12.2. an offer that has commenced pursuant to a Regulatory Commencement; 

1.12.3. an offer whose offer price per share of Common Stock is greater than the highest reported market price for the Common Stock in the
twenty-four (24) months immediately preceding the Regulatory Commencement of such offer; 
 1.12.4. an offer that is subject
only to the minimum tender condition described below in Section 1.12.7 of this definition and other customary terms and conditions, which conditions shall not include any financing, funding or similar conditions or any requirements with
respect to the offeror or its agents being permitted any due diligence with respect to the books, records, management, accountants or other outside advisers of the Company; 
 1.12.5. an offer pursuant to which the Company has received an irrevocable, legally binding written commitment of the offeror that the offer will remain open until at least the later of (i) the date
the Board redeems the outstanding Rights or exempts such offer from the 

  
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terms of this Agreement, (ii) if Special Meeting Demands are not received from the holders of a Requisite Percentage with respect to such offer, ten (10) Business days after the end of
the Board Evaluation Period and (iii) if a Special Meeting is duly requested in accordance with Section 23.3, ten (10) Business Days after the date of the Special Meeting or, if no Special Meeting is held within the Special
Meeting Period, ten (10) Business Days following the last day of such Special Meeting Period; 
 1.12.6. an offer pursuant
to which the Company has received an irrevocable, legally binding written commitment of the offeror that, in addition to the minimum time periods specified in Section 1.12.5 of this definition, the offer, if it is otherwise to expire
prior thereto, will be extended for at least twenty Business Days after (i) any increase in the consideration being offered or (ii) any bona fide alternative offer is commenced within the meaning of Rule 14d-2(a) under the Exchange Act;
provided, however, that such offer need not remain open, as a result of Section 1.12.5 and this Section 1.12.6, beyond (1) the time that any other offer satisfying the criteria for a Qualifying Offer is
then required to be kept open under Section 1.12.5 and this Section 1.12.6, (2) the expiration date, as such date may be extended by public announcement (with prompt written notice to the Rights Agent) in compliance with
Rule 14e-1 under the Exchange Act, of any other tender offer for the Common Stock with respect to which the Board has agreed to redeem the Rights immediately prior to acceptance for payment of Common Stock thereunder (unless such other offer is
terminated prior to its expiration without any Common Stock having been purchased thereunder) or (3) three (3) Business Days after the shareholder vote with respect to approval of a Definitive Acquisition Agreement with another offeror has
been officially determined and certified by the inspectors of elections; 
 1.12.7. an offer that is conditioned on a minimum of
at least a majority of each of (i) the shares of the Common Stock outstanding on a fully-diluted basis and (ii) the outstanding shares of the Common Stock not held by the Person making such offer (or such Person’s Related Persons)
being tendered and not withdrawn as of the offer’s expiration date, which condition shall not be waivable; 
 1.12.8. an
offer pursuant to which the Company has received an irrevocable, legally binding written commitment of the offeror to consummate, as promptly as practicable upon successful completion of the offer, a second step transaction whereby all shares of the
Common Stock not tendered into the offer will be acquired at the same consideration per share of Common Stock actually paid pursuant to the offer, subject to shareholders’ statutory appraisal rights, if any; and 

1.12.9. an offer pursuant to which the Company has received an irrevocable, legally binding written commitment of the offeror that no
amendments will be made to the offer to reduce the consideration being offered or to otherwise change the terms of the offer in a way that is adverse to a tendering shareholder (other than extensions of the offer consistent with the terms thereof).

 For the purposes of the definition of Qualifying Offer, “fully financed” shall mean that the offeror has sufficient funds for the
offer and related expenses which shall be evidenced by (i) firm, unqualified, written commitments from responsible financial institutions having the necessary financial capacity, accepted by the offeror, to provide funds for such offer subject
only 

  
 7 

 
to customary terms and conditions, (ii) cash or cash equivalents then available to the offeror, set apart and maintained solely for the purpose of funding the offer with an irrevocable,
legally binding written commitment being provided by the offeror to the Board to maintain such availability until the offer is consummated or withdrawn or (iii) a combination of the foregoing; which evidence has been provided to the Company
prior to, or upon, commencement of the offer. If an offer becomes a Qualifying Offer in accordance with this definition, but subsequently ceases to be a Qualifying Offer as a result of the failure at a later date to continue to satisfy any of the
requirements of this definition, such offer shall cease to be a Qualifying Offer and the provisions of Section 23.3 shall no longer be applicable to such offer. 
 1.13. “Regulatory Commencement” of an offer shall mean the commencement of such offer within the meaning of Rule 14d-2(a) under the Exchange Act. 

1.14. “Related Person” shall mean, as to any Person, any Affiliates or Associates of such Person. 

1.15. “Right to Acquire” shall mean a legal, equitable or contractual right to acquire (whether directly or indirectly
and whether exercisable immediately, or only after the passage of time, compliance with regulatory requirements, fulfillment of a condition or otherwise), pursuant to any agreement, arrangement or understanding, whether or not in writing (excluding
customary agreements entered into in good faith with and between an underwriter and selling group members in connection with a firm commitment underwriting registered under the Securities Act of 1933, as amended (the “Securities
Act”)), or upon the exercise of any option, warrant or right, through conversion of a security, pursuant to the power to revoke a trust, discretionary account or similar arrangement, pursuant to the power to terminate a repurchase or
similar so-called “stock borrowing” agreement or arrangement, or pursuant to the automatic termination of a trust, discretionary account or similar arrangement. 
 1.16. “Stock Acquisition Date” shall mean the first date of public announcement (which, for purposes of this definition, shall include, without limitation, the filing of a report pursuant
to Section 13(d) of the Exchange Act or pursuant to a comparable successor statute) by the Company or an Acquiring Person that an Acquiring Person has become such or that discloses information which reveals the existence of an Acquiring Person
or such earlier date as a majority of the Board shall become aware of the existence of an Acquiring Person. 
 1.17.
“Subsidiary” of any Person shall mean any partnership, joint venture, limited liability company, firm, corporation, unincorporated association, trust or other entity of which a majority of the voting power of the voting equity
securities or equity interests is owned, of record or beneficially, directly or indirectly, by such Person. 
 1.18. A
“Trigger Event” shall be deemed to have occurred upon any Person becoming an Acquiring Person. 
 1.19. The
following terms shall have the meanings defined for such terms in the Sections set forth below: 

  
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	 Term
	  	 Section

	 Adjustment Shares
	  	11.1.2
	 Agreement
	  	Preamble
	 Board
	  	Recitals
	 Board Evaluation Period
	  	23.3.1
	 Book Entry Shares
	  	3.1
	 call equivalent position
	  	1.3
	 Change in Control
	  	1.7
	 common stock equivalent
	  	11.1.3
	 Company
	  	Preamble
	 current per share market price
	  	11.4.1
	 Current Value
	  	11.1.3
	 derivative security
	  	1.3
	 Distribution Date
	  	3.1
	 equivalent incentive stock
	  	11.2
	 Exchange Act
	  	1.2
	 Exchange Consideration
	  	27.1
	 Exemption Date
	  	23.3.3
	 Expiration Date
	  	7.1
	 Final Expiration Date
	  	7.1
	 First A&R Agreement
	  	Recitals
	 NASDAQ
	  	9
	 Original Agreement
	  	Recitals
	 Original Rights
	  	1.3.2
	 Outside Meeting Date
	  	23.3.3
	 Incentive Stock
	  	Recitals
	 Principal Party
	  	13.2
	 Purchase Price
	  	4
	 Qualifying Offer Resolution
	  	23.3.1
	 Record Date
	  	Recitals
	 Redemption Date
	  	7.1
	 Redemption Price
	  	23.1
	 Requisite Percentage
	  	23.3.1
	 Right
	  	Recitals
	 Right Certificate
	  	3.1
	 Rights Agent
	  	Preamble
	 Securities Act
	  	1.15
	 Security
	  	11.4.1
	 Special Meeting
	  	23.3.1
	 Special Meeting Demand
	  	23.3.1
	 Special Meeting Period
	  	23.3.2
	 Spread
	  	11.1.3
	 Substitution Period
	  	11.1.3
	 Summary of Rights
	  	3.2
	 Synthetic Equity Position
	  	1.3
	 Trading Day
	  	11.4.1
	 Trust
	  	27.1
	 Trust Agreement
	  	27.1

  
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 Section 2. Appointment of Rights Agent. 

The Company hereby appoints the Rights Agent to act as agent for the Company and the holders of the Rights (who, in accordance with
Section 3, shall prior to the Distribution Date also be the holders of the Common Stock) in accordance with the terms and conditions hereof, and the Rights Agent hereby accepts such appointment. The Company may from time to time appoint
such co-Rights Agents as it may deem necessary or desirable. In the event the Company appoints one or more co-Rights Agents, the respective duties of the Rights Agent and any co-Rights Agent shall be as the Company shall determine. Contemporaneously
with such appointment, if any, the Company shall notify the Rights Agent thereof. 
 Section 3. Issuance of Right
Certificates. 
 3.1. Rights Evidenced by Stock Certificates. Until the earlier of (i) the
close of business on the tenth (10th) Business Day
after the Stock Acquisition Date or (ii) the close of business on the tenth (10th) Business Day after the date of the commencement of, or first public announcement of the intent of any Person (other than an Exempt Person) to commence, a tender or exchange offer the consummation
of which would result in any Person becoming an Acquiring Person (the earlier of (i) and (ii) being herein referred to as the “Distribution Date”), (x) the Rights (unless earlier expired, redeemed or terminated) will
be evidenced (subject to the provisions of Section 3.2) by the certificates representing the Common Stock registered in the names of the holders thereof or, in the case of uncertificated shares of Common Stock registered in book entry
form (“Book Entry Shares”), by notation in book entry (which certificates for Common Stock and Book Entry Shares shall also be deemed to be Right Certificates) and not by separate certificates, and (y) the Rights (and the right
to receive certificates therefor) will be transferable only in connection with the transfer of the underlying Common Stock. The preceding sentence notwithstanding, prior to the occurrence of a Distribution Date specified as a result of an event
described in clause (ii) (or such later Distribution Date as the Board may select pursuant to this sentence), the Board may postpone, one or more times, the Distribution Date which would occur as a result of an event described in clause
(ii) beyond the date set forth in such clause (ii). Nothing herein shall permit such a postponement of a Distribution Date after a Person becomes an Acquiring Person, except as a result of the operation of the third sentence of
Section 1.1. As soon as practicable after the Distribution Date, the Company will prepare and execute, the Rights Agent will countersign and the Company (or, if requested, the Rights Agent) will send, by first-class, postage-prepaid
mail, to each record holder of Common Stock as of the close of business on the Distribution Date (other than any Acquiring Person or any Related Person of an Acquiring Person), at the address of such holder shown on the records of the Company or the
transfer agent or registrar for the Common Stock, one or more certificates for Rights, in substantially the form of Exhibit A hereto (a “Right Certificate”), evidencing one Right (subject to adjustment as provided herein) for
each share of Common Stock so held. As of and after the Distribution Date, the Rights will be evidenced solely by such Right Certificates. 

  
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 3.2. Summary of Rights. As soon as practicable after the Record Date, the Company
caused to be sent a copy of a Summary of Rights to Purchase Incentive Stock, in substantially the form attached to the Original Agreement as Exhibit C (the “Summary of Rights”), by first-class, postage-prepaid mail, to each record
holder of Common Stock as of the close of business on the Record Date (other than any Acquiring Person or any Related Person of any Acquiring Person) at the address of such holder shown on the records of the Company or the transfer agent or
registrar for the Common Stock. Any failure to send a copy of the Summary of Rights shall not invalidate the Rights or affect their transfer with the Common Stock. With respect to certificates representing Common Stock and Book Entry Shares
outstanding as of the close of business on the Record Date, until the Distribution Date (or the earlier Expiration Date), the Rights will be evidenced by such certificates for Common Stock registered in the names of the holders thereof or Book Entry
Shares, as applicable, together with a copy of the Summary of Rights and the registered holders of the Common Stock shall also be registered holders of the associated Rights. Until the Distribution Date (or the earlier Expiration Date), the
surrender for transfer of any certificate for Common Stock or Book Entry Shares outstanding at the close of business on the Record Date, with or without a copy of the Summary of Rights, shall also constitute the transfer of the Rights associated
with the Common Stock represented thereby and the Book Entry Shares, as applicable. 
 3.3. New Certificates and
Uncertificated Shares After Record Date. Certificates for Common Stock that become outstanding (whether upon issuance out of authorized but unissued Common Stock, disposition out of treasury or transfer or exchange of outstanding Common Stock)
after the Record Date but prior to the earliest of the Distribution Date or the Expiration Date, shall have impressed, printed, stamped, written or otherwise affixed onto them a legend in substantially the following form: 

This certificate also evidences and entitles the holder hereof to certain rights as set forth in a Rights Agreement between Mentor
Graphics Corporation (the “Company”) and American Stock Transfer & Trust Company, LLC, as Rights Agent, dated as of June 24, 2010, as the same may be amended from time to time (the “Agreement”), the
terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal executive offices of the Company. Under certain circumstances, as set forth in the Agreement, such Rights (as defined in the Agreement) will
be evidenced by separate certificates and will no longer be evidenced by this certificate. The Company will mail to the holder of this certificate a copy of the Agreement without charge after receipt of a written request therefor. As described
in the Agreement, Rights which are owned by, transferred to or have been owned by Acquiring Persons (as defined in the Agreement) or any Related Person (as defined in the Agreement) of any Acquiring Person shall become null and void and will no
longer be transferable. 
 With respect to any Book Entry Shares, such legend shall be included in a notice to the record holder of such
shares in accordance with applicable law. Until the Distribution Date (or the earlier Expiration Date), the Rights associated with the Common Stock represented by such certificates and such Book Entry Shares shall be evidenced solely by such
certificates or the Book Entry Shares alone, and the surrender for transfer of any such certificates or Book Entry 

  
 11 

 
Shares, except as otherwise provided herein, shall also constitute the transfer of the Rights associated with the Common Stock represented thereby. In the event that the Company purchases or
otherwise acquires any Common Stock after the Record Date but prior to the Distribution Date, any Rights associated with such Common Stock shall be deemed canceled and retired so that the Company shall not be entitled to exercise any Rights
associated with the Common Stock that are no longer outstanding. 
 Notwithstanding this Section 3.3, neither the
omission of the legend required hereby, nor the failure to provide the notice thereof, shall affect the enforceability of any part of this Agreement or the rights of any holder of the Rights. 

Section 4. Form of Right Certificates. The Right Certificates (and the forms of election to purchase shares and assignment,
including the certifications therein, to be printed on the reverse thereof) shall each be substantially in the form set forth in Exhibit A hereto and may have such marks of identification or designation and such legends, summaries or
endorsements printed thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Agreement, or as may be required to comply with any applicable law or with any rule or regulation made pursuant thereto or with
any rule or regulation of any stock exchange or trading system on which the Rights may from time to time be listed or quoted, or to conform to usage. Subject to the terms and conditions hereof, the Right Certificates, whenever issued, shall be dated
as of the Record Date, and shall show the date of countersignature by the Rights Agent, and on their face shall entitle the holders thereof to purchase such number of one ten-thousandths of a share of Incentive Stock as shall be set forth therein at
the price per one ten-thousandth of a share of Incentive Stock set forth therein (the “Purchase Price”), but the number of such one ten-thousandths of a share of Incentive Stock and the Purchase Price shall be subject to adjustment
as provided herein. 
 Section 5. Countersignature and Registration. The Right Certificates shall be executed on
behalf of the Company by the Chairman and Chief Executive Officer, the President, the Senior Vice President or any Vice President of the Company, either manually or by facsimile signature, and shall have affixed thereto the Company’s seal or a
facsimile thereof which shall be attested by the Corporate Treasurer or the Secretary of the Company or by such officers as the Board may designate, either manually or by facsimile signature. The Right Certificates shall be countersigned, either
manually or by facsimile signature, by an authorized signatory of the Rights Agent, but it shall not be necessary for the same signatory to countersign all of the Right Certificates hereunder. No Right Certificate shall be valid for any purpose
unless so countersigned. In case any officer of the Company who shall have signed any of the Right Certificates shall cease to be such officer of the Company before countersignature by the Rights Agent and issuance and delivery by the Company, such
Right Certificates, nevertheless, may be countersigned by the Rights Agent, and issued and delivered by the Company with the same force and effect as though the Person who signed such Right Certificates had not ceased to be such officer of the
Company; and any Right Certificate may be signed on behalf of the Company by any Person who, at the actual date of the execution of such Right Certificate, shall be a proper officer of the Company to sign such Right Certificate, although at the date
of the execution of this Agreement any such Person was not such an officer. 

  
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 Following the Distribution Date, the Rights Agent will keep or cause to be kept, at its
principal office, books for registration and transfer of the Right Certificates issued hereunder. Such books shall show the names and addresses of the respective holders of the Right Certificates, the number of Rights evidenced on its face by each
of the Right Certificates, the certificate number of each of the Right Certificates and the date of each of the Right Certificates. 
 Section 6. Transfer, Split Up, Combination and Exchange of Right Certificates; Mutilated, Destroyed, Lost or Stolen Right Certificates. Subject to the provisions of this Agreement, including
but not limited to Section 11.1.2 and Section 14, at any time after the close of business on the Distribution Date, and at or prior to the close of business on the Expiration Date, any Right Certificate or Right Certificates
(other than Right Certificates representing Rights that have become void pursuant to Section 11.1.2 or that have been exchanged pursuant to Section 27) may be transferred, split up, combined or exchanged for another Right
Certificate or Right Certificates, entitling the registered holder to purchase a like number of one ten-thousandths of a share of Incentive Stock as the Right Certificate or Right Certificates surrendered then entitled such holder to purchase. Any
registered holder desiring to transfer, split up, combine or exchange any Right Certificate shall make such request in writing delivered to the Rights Agent, and shall surrender, together with any required form of assignment and certificate properly
completed and duly executed, the Right Certificate or Right Certificates to be transferred, split up or combined or exchanged at the office of the Rights Agent designated for such purpose. Neither the Rights Agent nor the Company shall be obligated
to take any action whatsoever with respect to the transfer of any such surrendered Right Certificate or Right Certificates until the registered holder shall have properly completed and duly executed the certificate contained in the form of
assignment on the reverse side of such Right Certificate or Right Certificates and shall have provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner) thereof or any Related Person of such registered
holder or such Beneficial Owner (or such former Beneficial Owner), in each case, as the Company shall reasonably request. Thereupon, the Rights Agent shall countersign and deliver to the Person entitled thereto a Right Certificate or Right
Certificates, as the case may be, as so requested. The Company may require payment from the holders of Right Certificates of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer, split up or
combination or exchange of such Right Certificates. 
 Subject to the provisions of Section 11.1.2, at any time
after the Distribution Date and prior to the Expiration Date, upon receipt by the Company and the Rights Agent of evidence reasonably satisfactory to them of the loss, theft, destruction or mutilation of a Right Certificate, and, in case of loss,
theft or destruction, of indemnity or security reasonably satisfactory to them, and, at the Company’s request, reimbursement to the Company and the Rights Agent of all reasonable expenses incidental thereto, and upon surrender to the Rights
Agent and cancellation of the Right Certificate if mutilated, the Company will make and deliver a new Right Certificate of like tenor to the Rights Agent for countersignature and delivery to the registered owner in lieu of the Right Certificate so
lost, stolen, destroyed or mutilated. 
 Section 7. Exercise of Rights; Purchase Price; Expiration Date of Rights.

 7.1. Exercise of Rights. Subject to Section 11.1.2 and except as otherwise provided herein, the registered
holder of any Right Certificate may exercise the Rights evidenced 

  
 13 

 
thereby in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election to purchase and certification on the reverse side thereof
properly completed and duly executed, to the Rights Agent at the office of the Rights Agent designated for such purpose, together with payment of the aggregate Purchase Price for the total number of one ten-thousandths of a share of Incentive Stock
(or other securities, cash or other assets) as to which the Rights are exercised, at or prior to the time (the “Expiration Date”) that is the earliest of (i) the close of business on June 30, 2015 (the “Final
Expiration Date”), (ii) the time at which the Rights are redeemed as provided in Section 23 (the “Redemption Date”), (iii) the closing of any merger or other acquisition transaction involving the
Company pursuant to an agreement of the type described in Section 13.3 at which time the Rights are deemed terminated, or (iv) the time at which the Rights are exchanged as provided in Section 27. 

7.2. Purchase. The Purchase Price for each one ten-thousandth of a share of Incentive Stock pursuant to the exercise of a Right
shall be initially $90, shall be subject to adjustment from time to time as provided in Sections 11, 13 and 26 and shall be payable in lawful money of the United States of America in accordance with Section 7.3.

 7.3. Payment Procedures. Except as otherwise provided herein, upon receipt of a Right Certificate representing
exercisable Rights, with the form of election to purchase and certification properly completed and duly executed, accompanied by payment of the aggregate Purchase Price for the total number of one ten-thousandths of a share of Incentive Stock to be
purchased and an amount equal to any applicable tax or charge required to be paid by the holder of such Right Certificate in accordance with Section 9, in cash or by certified or cashier’s check or money order payable to the order
of the Company, the Rights Agent shall thereupon promptly (i)(A) requisition from any transfer agent of the Incentive Stock (or make available, if the Rights Agent is the transfer agent) certificates for the number of shares of Incentive Stock to be
purchased and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if the Company shall have elected to deposit the total number of shares of Incentive Stock issuable upon exercise of the Rights
hereunder with a depositary agent, requisition from such depositary agent depositary receipts representing interests in such number of one ten-thousandths of a share of Incentive Stock as are to be purchased (in which case certificates for the
Incentive Stock represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby directs such depositary agent to comply with all such requests; (ii) when appropriate, requisition from the
Company the amount of cash to be paid in lieu of the issuance of fractional shares in accordance with Section 14 or otherwise in accordance with Section 11.1.3; (iii) promptly after receipt of such certificates or
depositary receipts, cause the same to be delivered to the registered holder of such Right Certificate, or upon the order of the registered holder of such Right Certificate, registered in such name or names as may be designated by such holder and
(iv) when appropriate, after receipt, promptly deliver such cash to the registered holder of such Right Certificate, or upon the order of the registered holder of such Right Certificate, to such other Person as designated by such holder. In the
event that the Company is obligated to issue other securities of the Company, pay cash and/or distribute other property pursuant to Section 11.1.3, the Company will make all arrangements necessary so that such other securities, cash
and/or other property are available for distribution by the Rights Agent, if and when appropriate. 

  
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 7.4. Partial Exercise. In case the registered holder of any Right Certificate shall
exercise less than all the Rights evidenced thereby, a new Right Certificate evidencing Rights equivalent to the Rights remaining unexercised shall be issued by the Rights Agent and delivered to the registered holder of such Right Certificate or to
his or her duly authorized assigns, subject to the provisions of Section 14. 
 7.5. Full Information Concerning
Ownership. Notwithstanding anything in this Agreement to the contrary, neither the Rights Agent nor the Company shall be obligated to undertake any action with respect to a registered holder of Rights upon the occurrence of any purported
transfer or exercise of Rights pursuant to Section 6 or as set forth in this Section 7 unless the certification contained in the form of election to purchase set forth on the reverse side of the Right Certificate surrendered
for such exercise shall have been properly completed and duly executed by the registered holder thereof and the Company shall have been provided with such additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner)
thereof or any Related Person of such registered holder or such Beneficial Owner (or such former Beneficial Owner), in each case, as the Company shall reasonably request. 
 Section 8. Cancellation and Destruction of Right Certificates. All Right Certificates surrendered for the purpose of exercise, transfer, split up, combination or exchange shall, if surrendered
to the Company or to any of its agents, be delivered to the Rights Agent for cancellation or in canceled form, or, if surrendered to the Rights Agent, shall be canceled by it, and no Right Certificates shall be issued in lieu thereof except as
expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Right Certificate purchased or acquired by the
Company otherwise than upon the exercise thereof. Subject to applicable law and regulation, the Rights Agent shall maintain in a retrievable database electronic records or physical records of all cancelled or destroyed Right Certificates which have
been cancelled or destroyed by the Rights Agent. The Rights Agent shall maintain such electronic records or physical records for the time period required by applicable law and regulation. Upon written request of the Company (and at the expense of
the Company), the Rights Agent shall provide to the Company or its designee copies of such electronic records or physical records relating to Right Certificates cancelled or destroyed by the Rights Agent. 

Section 9. Reservation and Availability of Capital Stock. The Company covenants and agrees that, from and after the
Distribution Date, it will cause to be reserved and kept available out of its authorized and unissued Incentive Stock (and, following the occurrence of a Trigger Event, out of its authorized and unissued Common Stock or other securities or out of
its shares held in its treasury) the number of shares of Incentive Stock (and, following the occurrence of a Trigger Event, Common Stock and/or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights.

 So long as the Incentive Stock (and, following the occurrence of a Trigger Event, Common Stock and/or other securities)
issuable upon the exercise of Rights may be listed on the NASDAQ Global Select Market (“NASDAQ”) or any other national securities exchange or traded in the over-the-counter market, the Company shall use its best efforts to cause, from and
after such time as the Rights become exercisable, all shares reserved for such issuance to be listed or admitted to trading on the NASDAQ or such other exchange or market upon official notice of issuance upon such exercise. 

  
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 The Company covenants and agrees that it will take all such action as may be necessary to
ensure that all Incentive Stock (and, following the occurrence of a Trigger Event, Common Stock and/or other securities) delivered upon exercise of Rights shall, at the time of delivery of the certificates for such shares (subject to payment of the
Purchase Price), be duly and validly authorized and issued and fully paid and nonassessable shares. 
 From and after such time
as the Rights become exercisable, the Company shall use its best efforts, if then necessary, to permit the issuance of Incentive Stock upon the exercise of Rights, to register and qualify such Incentive Stock under the Securities Act and any
applicable state securities or “Blue Sky” laws (to the extent exemptions therefrom are not available), cause such registration statement and qualifications to become effective as soon as possible after such filing and keep such
registration and qualifications effective until the earlier of the date as of which the Rights are no longer exercisable for such securities and the Expiration Date. The Company may temporarily suspend, from time to time for a period of time not to
exceed one hundred twenty (120) days in any particular instance, the exercisability of the Rights in order to prepare and file a registration statement under the Securities Act and permit it to become effective or in order to prepare and file
any supplement or amendment to such registration statement that the Board determines to be necessary and appropriate under applicable law. Upon any such suspension, the Company shall issue a public announcement stating that the exercisability of the
Rights has been temporarily suspended, as well as a public announcement at such time as the suspension is no longer in effect. Notwithstanding any provision of this Agreement to the contrary, the Rights shall not be exercisable in any jurisdiction
unless the requisite qualification or exemption in such jurisdiction shall have been obtained and until a registration statement under the Securities Act (if required) shall have been declared effective. 

The Company further covenants and agrees that it will pay when due and payable any and all taxes and charges which may be payable in
respect of the issuance or delivery of the Right Certificates or of any Incentive Stock (or Common Stock and/or other securities, as the case may be) upon the exercise of Rights. The Company shall not, however, be required to pay any tax or charge
which may be payable in respect of any transfer or delivery of Right Certificates to a Person other than, or the issuance or delivery of certificates for the Incentive Stock (or Common Stock and/or other securities, as the case may be) in a name
other than that of, the registered holder of the Right Certificate evidencing Rights surrendered for exercise or to issue or deliver any certificates for Incentive Stock (or Common Stock and/or other securities, as the case may be) in a name other
than that of the registered holder upon the exercise of any Rights until any such tax or charge shall have been paid (any such tax or charge being payable by the registered holder of such Right Certificate at the time of surrender) or until it has
been established to the Company’s satisfaction that no such tax or charge is due. 
 Section 10. Incentive Stock
Record Date. Each Person in whose name any certificate for Incentive Stock (or Common Stock and/or other securities, as the case may be) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record
of the Incentive Stock (or Common Stock and/or other securities, as the case may be) represented thereby on, and such certificate shall be dated, the date upon which the Right 

  
 16 

 
Certificate evidencing such Rights was duly surrendered and payment of the Purchase Price (and any applicable taxes or charges) was made; provided, however, that if the date of such
surrender and payment is a date upon which the Incentive Stock (or Common Stock and/or other securities, as the case may be) transfer books of the Company are closed, such Person shall be deemed to have become the record holder of such shares
(fractional or otherwise) on, and such certificate shall be dated, the next succeeding Business Day on which the Incentive Stock (or Common Stock and/or other securities, as the case may be) transfer books of the Company are open. Prior to the
exercise of the Rights evidenced thereby (or an exchange pursuant to Section 27), the holder of a Right Certificate shall not be entitled to any rights of a holder of Incentive Stock (or Common Stock or other securities, as the case may
be) for which the Rights shall be exercisable, including, without limitation, the right to receive dividends or other distributions, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein.

 Section 11. Adjustment of Purchase Price, Number of Shares or Number of Rights. The Purchase Price, the number of
shares of Incentive Stock or other securities or property purchasable upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11. 

11.1. Post-Execution Events. 
 11.1.1. Corporate Dividends, Reclassifications, Etc. In the event the Company shall, at any time after the date of this Agreement, (A) declare and pay a dividend on the Incentive Stock payable
in Incentive Stock, (B) subdivide the outstanding Incentive Stock, (C) combine the outstanding Incentive Stock into a smaller number of shares of Incentive Stock or (D) issue any shares of its capital stock in a reclassification of
the Incentive Stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11.1.1, the Purchase
Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock issuable on such date, shall be proportionately
adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock which, if such Right had been exercised immediately prior to such date and at a time when the
Incentive Stock transfer books of the Company were open, such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification. If an event occurs which would require an
adjustment under both Section 11.1.1 and Section 11.1.2, the adjustment provided for in this Section 11.1.1 shall be in addition to, and shall be made prior to, the adjustment required pursuant to,
Section 11.1.2. 
 11.1.2. Acquiring Person Events; Triggering Events. Subject to Section 27, in
the event that a Trigger Event occurs, then, from and after the first occurrence of such event, each holder of a Right, except as provided below, shall thereafter have a right to receive, upon exercise thereof at a price per Right equal to the then
current Purchase Price multiplied by the number of one ten-thousandths of a share of Incentive Stock for which a Right is then exercisable (without giving effect to this Section 11.1.2), in accordance with the terms of this Agreement and
in lieu of Incentive Stock, such number of shares of Common Stock as shall equal the result obtained by (x) multiplying the then current Purchase Price by the number of one 

  
 17 

 
ten-thousandths of a share of Incentive Stock for which a Right is then exercisable (without giving effect to this Section 11.1.2) and (y) dividing that product by 50% of the
current per share market price of the Common Stock (determined pursuant to Section 11.4) on the first of the date of the occurrence of, or the date of the first public announcement of, a Trigger Event (the “Adjustment
Shares”); provided that the Purchase Price and the number of Adjustment Shares shall thereafter be subject to further adjustment as appropriate in accordance with Section 11.6. Notwithstanding the foregoing, upon and
after the occurrence of a Trigger Event, any Rights that are Beneficially Owned by (1) any Acquiring Person or any Related Person of such Acquiring Person, (2) a transferee of any Acquiring Person (or of any Related Person of such
Acquiring Person) who becomes a transferee after the Acquiring Person becomes such, or (3) a transferee of any Acquiring Person (or of any Related Person of such Acquiring Person) who becomes a transferee prior to or concurrently with the
Acquiring Person becoming such and receives such Rights pursuant to either (A) a transfer (whether or not for consideration) from the Acquiring Person to holders of equity interests in such Acquiring Person or to any Person with whom the
Acquiring Person has any continuing agreement, arrangement or understanding regarding the transferred Rights or (B) a transfer which the Board has determined is part of a plan, arrangement or understanding which has as a primary purpose or
effect avoidance of this Section 11.1.2, and subsequent transferees, shall become void without any further action, and any holder (whether or not such holder is an Acquiring Person or a Related Person of an Acquiring Person) of such
Rights shall thereafter have no right to exercise such Rights under any provision of this Agreement or otherwise. From and after the Trigger Event, no Right Certificate shall be issued pursuant to Section 3 or Section 6 that
represents Rights that are or have become void pursuant to the provisions of this paragraph, and any Right Certificate delivered to the Rights Agent that represents Rights that are or have become void pursuant to the provisions of this paragraph
shall be canceled. 
 The Company shall use all reasonable efforts to ensure that the provisions of this
Section 11.1.2 are complied with, but shall have no liability to any holder of Right Certificates or any other Person as a result of its failure to make any determinations with respect to any Acquiring Person or its Related Persons or
transferees hereunder. 
 From and after the occurrence of an event specified in Section 13.1, any Rights that
theretofore have not been exercised pursuant to this Section 11.1.2 shall thereafter be exercisable only in accordance with Section 13 and not pursuant to this Section 11.1.2. 

11.1.3. Insufficient Shares. The Company may at its option substitute for Common Stock issuable upon the exercise of Rights in
accordance with the foregoing Section 11.1.2 a number of shares of Incentive Stock or fraction thereof such that the then current per share market price of one share of Incentive Stock multiplied by such number or fraction is equal to
the then current per share market price of one share of Common Stock. In the event that upon the occurrence of a Trigger Event there shall not be sufficient Common Stock authorized but unissued, or held by the Company as treasury shares, to permit
the exercise in full of the Rights in accordance with the foregoing Section 11.1.2, the Company shall take all such action as may be necessary to authorize additional Common Stock for issuance upon exercise of the Rights; provided,
however, that if the Company determines that it is unable to cause the authorization of a sufficient number of additional shares of Common Stock, then, in the event the Rights become exercisable, the Company, with respect to each Right and to
the extent necessary and permitted 

  
 18 

 
by applicable law and any agreements or instruments in effect on the date hereof to which it is a party, shall: (A) determine the excess of (1) the value of the Adjustment Shares
issuable upon the exercise of a Right (the “Current Value”), over (2) the Purchase Price (such excess, the “Spread”) and (B) with respect to each Right (other than Rights which have become void pursuant to
Section 11.1.2), make adequate provision to substitute for the Adjustment Shares, upon payment of the applicable Purchase Price, (1) cash, (2) a reduction in the Purchase Price, (3) Incentive Stock, (4) other equity
securities of the Company (including, without limitation, shares, or fractions of shares, of incentive stock which, by virtue of having dividend and liquidation rights substantially comparable to those of the Common Stock, the Board has deemed in
good faith to have substantially the same value as the Common Stock) (each such share of incentive stock or fractions of shares of incentive stock constituting a “common stock equivalent”)), (5) debt securities of the Company,
(6) other assets or (7) any combination of the foregoing having an aggregate value equal to the Current Value, where such aggregate value has been determined by the Board based upon the advice of a nationally recognized investment banking
firm selected in good faith by the Board; provided, however, that if the Company shall not have made adequate provision to deliver value pursuant to clause (B) above within thirty (30) days following the occurrence of a Trigger
Event, then the Company shall be obligated to deliver, to the extent necessary and permitted by applicable law and any agreements or instruments in effect on the date hereof to which it is a party, upon the surrender for exercise of a Right and
without requiring payment of the Purchase Price, Common Stock (to the extent available) and then, if necessary, such number or fractions of Incentive Stock (to the extent available) and then, if necessary, cash, which shares and/or cash have an
aggregate value equal to the Spread. If the Board shall determine in good faith that it is likely that the shareholders would authorize the issuance of sufficient additional Common Stock to permit the exercise in full of the Rights, the thirty
(30) day period set forth above may be extended and re-extended to the extent necessary, but not more than one hundred twenty (120) days following the occurrence of a Trigger Event, in order that the Company may seek shareholder approval
for the authorization of such additional shares (such period as may be extended, the “Substitution Period”). To the extent that the Company determines that some actions need be taken pursuant to the second and/or third sentences of
this Section 11.1.3, the Company (x) shall provide that such action shall apply uniformly to all outstanding Rights, and (y) may suspend the exercisability of the Rights until the expiration of the Substitution Period in order
to seek any authorization of additional shares and/or to decide the appropriate form of distribution to be made pursuant to such first sentence and to determine the value thereof. In the event of any such suspension, the Company shall issue a public
announcement stating that the exercisability of the Rights has been temporarily suspended as well as a public announcement at such time as the suspension is no longer in effect. For purposes of this Section 11.1.3, the value of a share
of Common Stock shall be the then current per share market price (as determined pursuant to Section 11.4) on the date of the occurrence of a Trigger Event and the value of any “common stock equivalent” shall be deemed to have
the same value as the Common Stock on such date. The Board may, but shall not be required to, establish procedures to allocate the right to receive Common Stock upon the exercise of the Rights among holders of Rights pursuant to this
Section 11.1.3. 
 11.2. Dilutive Rights Offering. In case the Company shall fix a record date for the
issuance of rights, options or warrants to all holders of Incentive Stock entitling them (for a period expiring within forty-five (45) calendar days after such record date) to subscribe for or purchase Incentive Stock (or securities having the
same rights, privileges and preferences as the 

  
 19 

 
Incentive Stock (“equivalent incentive stock”)) or securities convertible into Incentive Stock or equivalent incentive stock at a price per share of Incentive Stock or per share
of equivalent incentive stock (or having a conversion or exercise price per share, if a security convertible into or exercisable for Incentive Stock or equivalent incentive stock) less than the then current per share market price of the Incentive
Stock (as determined pursuant to Section 11.4) on such record date, the Purchase Price to be in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a
fraction, the numerator of which shall be the number of shares of Incentive Stock and shares of equivalent incentive stock outstanding on such record date plus the number of shares of Incentive Stock and shares of equivalent incentive stock which
the aggregate offering price of the total number of shares of Incentive Stock and/or shares of equivalent incentive stock to be offered (and/or the aggregate initial conversion price of the convertible securities so to be offered) would purchase at
such current per share market price and the denominator of which shall be the number of shares of Incentive Stock and shares of equivalent incentive stock outstanding on such record date plus the number of additional Incentive Stock and/or shares of
equivalent incentive stock to be offered for subscription or purchase (or into which the convertible securities so to be offered are initially convertible). In case such subscription price may be paid in a consideration part or all of which shall be
in a form other than cash, the value of such consideration shall be as determined in good faith by the Board, whose determination shall be described in a statement filed with the Rights Agent and shall be binding on the Rights Agent and the holders
of the Rights. Incentive Stock and shares of equivalent incentive stock owned by or held for the account of the Company or any Subsidiary of the Company shall not be deemed outstanding for the purpose of any such computation. Such adjustments shall
be made successively whenever such a record date is fixed; and in the event that such rights or warrants are not so issued, the Purchase Price shall be adjusted to be the Purchase Price that would then be in effect if such record date had not been
fixed. 
 11.3. Distributions. In case the Company shall fix a record date for the making of a distribution to all holders
of the Incentive Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the continuing or surviving corporation) of evidences of indebtedness, cash, securities or assets (other than a regular
periodic cash dividend at a rate not in excess of 125% of the rate of the last regular periodic cash dividend theretofore paid or, in case regular periodic cash dividends have not theretofore been paid, at a rate not in excess of 50% of the average
net income per share of the Company for the four quarters ended immediately prior to the payment of such dividend, or a dividend payable in Incentive Stock (which dividend, for purposes of this Agreement, shall be subject to the provisions of
Section 11.1.1(A))) or convertible securities, or subscription rights or warrants (excluding those referred to in Section 11.2), the Purchase Price to be in effect after such record date shall be determined by multiplying the
Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the then current per share market price of the Incentive Stock (as determined pursuant to Section 11.4) on such record date,
less the fair market value (as determined in good faith by the Board, whose determination shall be described in a statement filed with the Rights Agent) of the portion of the cash, assets, securities or evidences of indebtedness so to be distributed
or of such subscription rights or warrants applicable to one share of Incentive Stock and the denominator of which shall be such current per share market price of the Incentive Stock (as determined pursuant to Section 11.4). Such
adjustments shall be made successively whenever such a record date is fixed; and in the event that such distribution is not so made, the Purchase Price shall again be adjusted to be the Purchase Price which would then be in effect if such record
date had not been fixed. 

  
 20 

 11.4. Current Per Share Market Value. 

11.4.1. General. For the purpose of any computation hereunder, the “current per share market price” of any
security (a “Security” for the purpose of this Section 11.4.1) on any date shall be deemed to be the average of the daily closing prices per share of such Security for the thirty (30) consecutive Trading Days (as
such term is hereinafter defined) immediately prior to such date; provided, however, that in the event that the then current per share market price of the Security is determined during any period following the announcement by the issuer of
such Security of (i) a dividend or distribution on such Security payable in shares of such Security or securities convertible into such shares or (ii) any subdivision, combination or reclassification of such Security, and prior to the
expiration of thirty (30) Trading Days after the ex-dividend date for such dividend or distribution, or the record date for such subdivision, combination or reclassification, then, and in each such case, the “current per share market
price” shall be appropriately adjusted to reflect the then current market price per share equivalent of such Security. The closing price for each day shall be the last sale price, regular way, or, in case no such sale takes place on such day,
the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the NASDAQ or, if the Security is not
listed or admitted to trading on the NASDAQ, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the Security is listed or admitted to
trading or, if the Security is not listed or admitted to trading on any national securities exchange, the last quoted price or, if on such date the Security is not so quoted, the average of the high bid and low asked prices in the over-the-counter
market, as reported thereby or such other system then in use, or, if on any such date the Security is not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a market in
the Security selected by the Board. If on any such date no such market maker is making a market in the Security, the fair value of the Security on such date as determined in good faith by the Board shall be used. The term “Trading
Day” shall mean a day on which the principal national securities exchange on which the Security is listed or admitted to trading is open for the transaction of business or, if the Security is not listed or admitted to trading on any
national securities exchange, a Business Day. If the Security is not publicly held or not so listed or traded, or if on any such date the Security is not so quoted and no such market maker is making a market in the Security, “current per share
market price” shall mean the fair value per share as determined in good faith by the Board or, if at the time of such determination there is an Acquiring Person, by a nationally recognized investment banking firm selected by the Board, which
shall have the duty to make such determination in a reasonable and objective manner, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes. 

11.4.2. Incentive Stock. Notwithstanding Section 11.4.1, for the purpose of any computation hereunder, the
“current per share market price” of the Incentive Stock shall be determined in the same manner as set forth above in Section 11.4.1 (other than the last sentence thereof). If the current per share market price of the Incentive
Stock cannot be determined in the manner described in Section 11.4.1, the “current per share market price” of the Incentive Stock 

  
 21 

 
shall be conclusively deemed to be an amount equal to 10,000 (as such number may be appropriately adjusted for such events as stock splits, stock dividends and recapitalizations with respect to
the Common Stock occurring after the date of this Agreement) multiplied by the current per share market price of the Common Stock (as determined pursuant to Section 11.4.1). If neither the Common Stock nor the Incentive Stock are
publicly held or so listed or traded, or if on any such date neither the Common Stock nor the Incentive Stock are so quoted and no such market maker is making a market in either the Common Stock or the Incentive Stock, “current per share market
price” of the Incentive Stock shall mean the fair value per share as determined in good faith by the Board, or, if at the time of such determination there is an Acquiring Person, by a nationally recognized investment banking firm selected by
the Board, which shall have the duty to make such determination in a reasonable and objective manner, which determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes. For purposes of this
Agreement, the “current per share market price” of one ten-thousandth of a share of Incentive Stock shall be equal to the “current per share market price” of one share of Incentive Stock divided by 10,000. 

11.5. Insignificant Changes. No adjustment in the Purchase Price shall be required unless such adjustment would require an increase
or decrease of at least 1% in the Purchase Price. Any adjustments which by reason of this Section 11.5 are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this
Section 11 shall be made to the nearest cent or to the nearest one-millionth of a share of Incentive Stock or the nearest one-hundredth of a share of Common Stock or other share or security, as the case may be. 

11.6. Shares Other Than Incentive Stock. If as a result of an adjustment made pursuant to Section 11.1, the holder of
any Right thereafter exercised shall become entitled to receive any shares of capital stock of the Company other than Incentive Stock, thereafter the number of such other shares so receivable upon exercise of any Right shall be subject to adjustment
from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Incentive Stock contained in Sections 11.1, 11.2, 11.3, 11.5, 11.8, 11.9 and 11.12,
and the provisions of Sections 7, 9, 10, 13 and 14 with respect to the Incentive Stock shall apply on like terms to any such other shares. 
 11.7. Rights Issued Subsequent to Adjustment. All Rights originally issued by the Company subsequent to any adjustment made to the Purchase Price hereunder shall evidence the right to purchase, at
the adjusted Purchase Price, the number of one ten-thousandths of a share of Incentive Stock and shares of other capital stock or other securities, assets or cash of the Company, if any, purchasable from time to time hereunder upon exercise of the
Rights, all subject to further adjustment as provided herein. 
 11.8. Effect of Adjustments on Existing Rights. Unless
the Company shall have exercised its election as provided in Section 11.9, upon each adjustment of the Purchase Price as a result of the calculations made in Sections 11.2 and 11.3, each Right outstanding immediately prior
to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price, that number of one ten-thousandths of a share of Incentive Stock (calculated to the nearest one-millionth of a share of Incentive
Stock) obtained by (i) multiplying (x) the number of one ten-thousandths of a share of Incentive Stock covered by a Right 

  
 22 

 
immediately prior to this adjustment by (y) the Purchase Price in effect immediately prior to such adjustment of the Purchase Price and (ii) dividing the product so obtained by the
Purchase Price in effect immediately after such adjustment of the Purchase Price. 
 11.9. Adjustment in Number of Rights.
The Company may elect on or after the date of any adjustment of the Purchase Price to adjust the number of Rights, in substitution for any adjustment in the number of one ten-thousandths of a share of Incentive Stock issuable upon the exercise of a
Right. Each of the Rights outstanding after such adjustment of the number of Rights shall be exercisable for the number of one ten-thousandths of a share of Incentive Stock for which a Right was exercisable immediately prior to such adjustment. Each
Right held of record prior to such adjustment of the number of Rights shall become that number of Rights (calculated to the nearest hundredth) obtained by dividing the Purchase Price in effect immediately prior to adjustment of the Purchase Price by
the Purchase Price in effect immediately after adjustment of the Purchase Price. The Company shall make a public announcement of its election to adjust the number of Rights, indicating the record date for the adjustment, and, if known at the time,
the amount of the adjustment to be made. This record date may be the date on which the Purchase Price is adjusted or any day thereafter, but, if the Right Certificates have been issued, shall be at least ten (10) days later than the date of the
public announcement. If Right Certificates have been issued, upon each adjustment of the number of Rights pursuant to this Section 11.9, the Company may, as promptly as practicable, cause to be distributed to holders of record of Right
Certificates on such record date Right Certificates evidencing, subject to Section 14, the additional Rights to which such holders shall be entitled as a result of such adjustment, or, at the option of the Company, shall cause to be
distributed to such holders of record in substitution and replacement for the Right Certificates held by such holders prior to the date of adjustment, and upon surrender thereof, if required by the Company, new Right Certificates evidencing all the
Rights to which such holders shall be entitled after such adjustment. Right Certificates so to be distributed shall be issued, executed and countersigned in the manner provided for herein (and may bear, at the option of the Company, the adjusted
Purchase Price) and shall be registered in the names of the holders of record of Right Certificates on the record date specified in the public announcement. 
 11.10. Right Certificates Unchanged. Irrespective of any adjustment or change in the Purchase Price or the number of one ten-thousandths of a share of Incentive Stock issuable upon the exercise of
the Rights, the Right Certificates theretofore and thereafter issued may continue to express the Purchase Price per share and the number of one ten-thousandths of a share of Incentive Stock which were expressed in the initial Right Certificates
issued hereunder. 
 11.11. Deferred Issuance. In any case in which this Section 11 shall require that an
adjustment in the Purchase Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event the issuance to the holder of any Right exercised after such record date of that number
of shares of Incentive Stock and shares of other capital stock or securities of the Company, if any, issuable upon such exercise over and above the Incentive Stock and shares of other capital stock or other securities, assets or cash of the Company,
if any, issuable upon such exercise on the basis of the Purchase Price in effect prior to such adjustment; provided, however, that the Company shall deliver to such holder a due bill or other appropriate instrument evidencing such
holder’s right to receive such additional shares upon the occurrence of the event requiring such adjustment. 

  
 23 

 11.12. Reduction in Purchase Price. Anything in this Section 11 to the
contrary notwithstanding, the Company shall be entitled to make such reductions in the Purchase Price, in addition to those adjustments expressly required by this Section 11, as and to the extent that it in its sole discretion shall
determine to be advisable in order that any consolidation or subdivision of the Incentive Stock, issuance wholly for cash of any of the Incentive Stock at less than the current market price, issuance wholly for cash of Incentive Stock or securities
which by their terms are convertible into or exchangeable for Incentive Stock, dividends on Incentive Stock payable in Incentive Stock or issuance of rights, options or warrants referred to hereinabove in this Section 11, hereafter made
by the Company to holders of its Incentive Stock shall not be taxable to such shareholders. 
 11.13. Company Not to Diminish
Benefits of Rights. The Company covenants and agrees that after the earlier of the Stock Acquisition Date or Distribution Date it will not, except as permitted by Section 23, Section 26 or Section 27, take (or
permit any Subsidiary to take) any action if at the time such action is taken it is reasonably foreseeable that such action will substantially diminish or otherwise eliminate the benefits intended to be afforded by the Rights. 

11.14. Adjustment of Rights Associated with Common Stock. Notwithstanding anything contained in this Agreement to the contrary, in
the event that the Company shall at any time after the date hereof and prior to the Distribution Date (i) declare or pay any dividend on the outstanding Common Stock payable in shares of Common Stock, (ii) effect a subdivision or
consolidation of the outstanding Common Stock (by reclassification or otherwise than by the payment of dividends payable in shares of Common Stock), or (iii) combine the outstanding Common Stock into a greater or lesser number of shares of
Common Stock, then in any such case, the number of Rights associated with each share of Common Stock then outstanding, or issued or delivered thereafter but prior to the Distribution Date or in accordance with Section 22 shall be
proportionately adjusted so that the number of Rights thereafter associated with each share of Common Stock following any such event shall equal the result obtained by multiplying the number of Rights associated with each share of Common Stock
immediately prior to such event by a fraction, the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to the occurrence of the event and the denominator of which shall be the total number of shares
of Common Stock outstanding immediately following the occurrence of such event. The adjustments provided for in this Section 11.14 shall be made successively whenever such a dividend is declared or paid or such a subdivision, combination
or consolidation is effected. 
 Section 12. Certificate of Adjusted Purchase Price or Number of Shares. Whenever an
adjustment is made as provided in Sections 11 or 13, the Company shall (a) promptly prepare a certificate setting forth such adjustment, and a brief statement of the facts accounting for such adjustment, (b) promptly file
with the Rights Agent and with each transfer agent for the Common Stock or the Incentive Stock a copy of such certificate and (c) mail a brief summary thereof to each holder of a Right Certificate (or if before the Distribution Date, to each
holder of a certificate representing shares of Common Stock or Book Entry Shares in respect thereof) in accordance with Section 25. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment
therein contained and shall not be deemed to have knowledge of any such adjustment unless and until it shall have received such certificate. 

  
 24 

 Section 13. Consolidation, Merger or Sale or Transfer of Assets or Earning
Power. 
 13.1. Certain Transactions. In the event that, from and after the first occurrence of a Trigger Event,
directly or indirectly, (A) the Company shall consolidate with, or merge with and into, any other Person and the Company shall not be the continuing or surviving corporation, (B) the Company shall engage in a share exchange (as defined in
Oregon Revised Statues Section 60.484) as a result of which the holders of a majority of the outstanding Common Stock immediately prior to such share exchange hold less than a majority of the outstanding Common Stock immediately following such
share exchange, (C) any Person shall consolidate with the Company, or merge with and into the Company and the Company shall be the continuing or surviving corporation of such merger and, in connection with such merger, all or part of the Common
Stock shall be changed into or exchanged for stock or other securities of the Company or any other Person or cash or any other property, or (D) the Company shall sell, exchange, mortgage or otherwise transfer (or one or more of its Subsidiaries
shall sell, exchange, mortgage or otherwise transfer), in one or more transactions, assets or earning power aggregating 50% or more of the assets or earning power of the Company and its Subsidiaries (taken as a whole) to any other Person or Persons
(other than the Company or one or more wholly-owned Subsidiaries of the Company in one or more transactions each of which complies with Section 11.13), then, and in each such case, proper provision shall be made so that (i) each
holder of a Right (other than Rights which have become void pursuant to Section 11.1.2) shall thereafter have the right to receive, upon the exercise thereof at a price per Right equal to the then current Purchase Price multiplied by the
number of one ten-thousandths of a share of Incentive Stock for which a Right was exercisable immediately prior to the first occurrence of a Trigger Event (as subsequently adjusted pursuant to Sections 11.1.1, 11.2, 11.3,
11.8, 11.9 and 11.11), in accordance with the terms of this Agreement and in lieu of Incentive Stock or Common Stock, such number of validly authorized and issued, fully paid, non-assessable and freely tradable Common Stock of
the Principal Party (as such term is hereinafter defined) not subject to any liens, encumbrances, rights of first refusal or other adverse claims, as shall be equal to the result obtained by (x) multiplying the then current Purchase Price by
the number of one ten-thousandths of a share of Incentive Stock for which a Right was exercisable immediately prior to the first occurrence of a Trigger Event (as subsequently adjusted pursuant to Sections 11.1.1, 11.2, 11.3,
11.8, 11.9 and 11.11) and (y) dividing that product by 50% of the then current per share market price of the Common Stock of such Principal Party (determined pursuant to Section 11.4) on the date of consummation
of such consolidation, merger, share exchange, sale or transfer; provided that the price per Right so payable and the number of shares of Common Stock of such Principal Party so receivable upon exercise of a Right shall thereafter be subject
to further adjustment as appropriate in accordance with Section 11.6 to reflect any events covered thereby occurring in respect of the Common Stock of such Principal Party after the occurrence of such consolidation, merger, share
exchange, sale or transfer; (ii) such Principal Party shall thereafter be liable for, and shall assume, by virtue of such consolidation, merger, share exchange, sale or transfer, all of the obligations and duties of the Company pursuant to this
Agreement; (iii) the term “Company” shall thereafter be deemed to refer to such Principal Party; and (iv) such Principal Party shall take such steps (including, but not limited to, the reservation of a sufficient number of shares
of its Common Stock in accordance with Section 9) in connection with such consummation as may be necessary to assure that the provisions hereof shall thereafter be applicable, as nearly as reasonably may be, in relation to its Common
Stock thereafter deliverable upon the exercise of 

  
 25 

 
the Rights; provided that, upon the subsequent occurrence of any consolidation, merger, share exchange, sale or transfer of assets or other extraordinary transaction in respect of such
Principal Party, each holder of a Right shall thereupon be entitled to receive, upon exercise of a Right and payment of the Purchase Price as provided in this Section 13.1, such cash, shares, rights, warrants and other property which
such holder would have been entitled to receive had such holder, at the time of such transaction, owned the Common Stock of the Principal Party receivable upon the exercise of a Right pursuant to this Section 13.1, and such Principal
Party shall take such steps (including, but not limited to, reservation of shares of stock) as may be necessary to permit the subsequent exercise of the Rights in accordance with the terms hereof for such cash, shares, rights, warrants and other
property. The Company shall not consummate any such consolidation, merger, share exchange, sale or transfer unless prior thereto the Company and such Principal Party shall have executed and delivered to the Rights Agent a supplemental agreement
confirming that the requirements of this Section 13.1 and Section 13.2 shall promptly be performed in accordance with their terms and that such consolidation, merger, share exchange, sale or transfer of assets shall not
result in a default by the Principal Party under this Agreement as the same shall have been assumed by the Principal Party pursuant to this Section 13.1 and Section 13.2 and providing that, as soon as practicable after
executing such agreement pursuant to this Section 13, the Principal Party, at its own expense, shall: 
 (1) prepare
and file a registration statement under the Securities Act, if necessary, with respect to the Rights and the securities purchasable upon exercise of the Rights on an appropriate form, use its best efforts to cause such registration statement to
become effective as soon as practicable after such filing and use its best efforts to cause such registration statement to remain effective (with a prospectus at all times meeting the requirements of the Securities Act) until the Expiration Date and
similarly comply with applicable state securities laws; 
 (2) use its best efforts, if the Common Stock of the Principal Party
shall be listed or admitted to trading on the NASDAQ or on another national securities exchange, to list or admit to trading (or continue the listing of) the Rights and the securities purchasable upon exercise of the Rights on the NASDAQ or such
securities exchange; 
 (3) deliver to holders of the Rights historical financial statements for the Principal Party which comply
in all respects with the requirements for registration on Form 10 (or any successor form) under the Exchange Act; and 
 (4)
obtain waivers of any rights of first refusal or preemptive rights in respect of the Common Stock of the Principal Party subject to purchase upon exercise of outstanding Rights. 

In case the Principal Party has a provision in any of its authorized securities or in its articles or certificate of incorporation or
by-laws or other instrument governing its corporate affairs, which provision would have the effect of (i) causing such Principal Party to issue (other than to holders of Rights pursuant to this Section 13), in connection with, or as
a consequence of, the consummation of a transaction referred to in this Section 13, Common Stock or common stock equivalents of such Principal Party at less than the then current market price per share thereof (determined pursuant to
Section 11.4) or securities exercisable for, or convertible into, 

  
 26 

 
Common Stock or common stock equivalents of such Principal Party at less than such then current market price (other than to holders of Rights pursuant to this Section 13), or
(ii) providing for any special payment, taxes, charges or similar provision in connection with the issuance of the Common Stock of such Principal Party pursuant to the provision of Section 13, then, in such event, the Company hereby
agrees with each holder of Rights that it shall not consummate any such transaction unless prior thereto the Company and such Principal Party shall have executed and delivered to the Rights Agent a supplemental agreement providing that the provision
in question of such Principal Party shall have been canceled, waived or amended, or that the authorized securities shall be redeemed, so that the applicable provision will have no effect in connection with, or as a consequence of, the consummation
of the proposed transaction. 
 The Company covenants and agrees that it shall not, at any time after the Trigger Event, enter
into any transaction of the type described in clauses (A) through (D) of this Section 13.1 if (i) at the time of or immediately after such consolidation, merger, share exchange, sale, transfer or other transaction there
are any rights, warrants or other instruments or securities outstanding or agreements in effect which would substantially diminish or otherwise eliminate the benefits intended to be afforded by the Rights, (ii) prior to, simultaneously with or
immediately after such consolidation, merger, share exchange, sale, transfer or other transaction, the shareholders of the Person who constitutes, or would constitute, the Principal Party for purposes of Section 13.2 shall have received
a distribution of Rights previously owned by such Person or any of its Related Persons or (iii) the form or nature of organization of the Principal Party would preclude or limit the exercisability of the Rights. The provisions of this
Section 13 shall similarly apply to successive transactions of the type described in clauses (A) through (D) of this Section 13.1. 
 13.2. Principal Party. “Principal Party” shall mean: 
 (i)
in the case of any transaction described in clauses (A), (B) or (C) of the first sentence of Section 13.1: (i) the Person that is the issuer of the securities into which the Common Stock is converted in such merger,
consolidation or share exchange, or, if there is more than one such issuer, the issuer the Common Stock of which has the greatest aggregate market value of shares outstanding, or (ii) if no securities are so issued, (x) the Person that is
the other party to the merger or share exchange, if such Person survives said merger, or, if there is more than one such Person, the Person the Common Stock of which has the greatest aggregate market value of shares outstanding or (y) if the
Person that is the other party to the merger does not survive the merger, the Person that does survive the merger (including the Company if it survives) or (z) the Person resulting from the consolidation; and 

(ii) in the case of any transaction described in clause (D) of the first sentence in Section 13.1, the Person that is
the party receiving the greatest portion of the assets or earning power transferred pursuant to such transaction or transactions, or, if each Person that is a party to such transaction or transactions receives the same portion of the assets or
earning power so transferred or if the Person receiving the greatest portion of the assets or earning power cannot be determined, whichever of such Persons is the issuer of Common Stock having the greatest aggregate market value of shares
outstanding; provided, however, that in any such case described in the foregoing clause (i) or (ii) of this Section 13.2, if the shares of Common Stock of such Person are not at such time or have not been continuously
over the preceding twelve (12)

  
 27 

 
month period registered under Section 12 of the Exchange Act, then (1) if such Person is a direct or indirect Subsidiary of another Person the shares of Common Stock of which are and
have been so registered, the term “Principal Party” shall refer to such other Person, or (2) if such Person is a Subsidiary, directly or indirectly, of more than one Person, the shares of Common Stock of all of which are and have been
so registered, the term “Principal Party” shall refer to whichever of such Persons is the issuer of Common Stock having the greatest aggregate market value of shares outstanding, or (3) if such Person is owned, directly or indirectly,
by a joint venture formed by two or more Persons that are not owned, directly or indirectly, by the same Person, the rules set forth in clauses (1) and (2) above shall apply to each of the owners having an interest in the venture as if the
Person owned by the joint venture was a Subsidiary of both or all of such joint venturers, and the Principal Party in each such case shall bear the obligations set forth in this Section 13 in the same ratio as its interest in such Person
bears to the total of such interests. 
 13.3. Approved Acquisitions. Notwithstanding anything contained herein to the
contrary, upon the consummation of any merger or other acquisition transaction of the type described in clause (A), (B), (C) or (D) of Section 13.1 involving the Company pursuant to a merger or other acquisition agreement
between the Company and any Person (or one or more of such Person’s Affiliates or Associates) which agreement has been approved by the Board prior to any Person becoming an Acquiring Person, this Agreement and the rights of holders of Rights
hereunder shall be terminated in accordance with Section 7.1. 
 Section 14. Fractional Rights and
Fractional Shares. 
 14.1. Cash in Lieu of Fractional Rights. The Company shall not be required to issue fractions of
Rights or to distribute Right Certificates which evidence fractional Rights (except prior to the Distribution Date in accordance with Section 11.14). In lieu of such fractional Rights, there shall be paid to the registered holders of the
Right Certificates with regard to which such fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole Right. For the purposes of this Section 14.1, the current
market value of a whole Right shall be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable. The closing price for any day shall be the last sale price,
regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or
admitted to trading on the NASDAQ or, if the Rights are not listed or admitted to trading on the NASDAQ, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities
exchange on which the Rights are listed or admitted to trading or, if the Rights are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices
in the over-the-counter market, as reported by the NASDAQ or such other system then in use or, if on any such date the Rights are not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional
market maker making a market in the Rights selected by the Board. If on any such date no such market maker is making a market in the Rights, the current market value of the Rights on such date shall be the fair value of the Rights as determined in
good faith by the Board, or, if at the time of such determination there is an Acquiring Person, by a nationally recognized investment banking firm selected by the Board, which shall have the duty to make such determination in a reasonable and
objective manner, which determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes. 

  
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 14.2. Cash in Lieu of Fractional Shares of Incentive Stock. The Company shall not be
required to issue fractions of shares of Incentive Stock (other than fractions which are integral multiples of one ten-thousandth of a share of Incentive Stock) upon exercise or exchange of the Rights or to distribute certificates which evidence
fractional shares of Incentive Stock (other than fractions which are integral multiples of one ten-thousandth of a share of Incentive Stock). Interests in fractions of shares of Incentive Stock in integral multiples of one ten-thousandth of a share
of Incentive Stock may, at the election of the Company, be evidenced by depositary receipts, pursuant to an appropriate agreement between the Company and a depositary selected by it; provided, that such agreement shall provide that the
holders of such depositary receipts shall have all the rights, privileges and preferences to which they are entitled as Beneficial Owners of the Incentive Stock represented by such depositary receipts. In lieu of fractional shares of Incentive Stock
that are not integral multiples of one ten-thousandth of a share of Incentive Stock, the Company shall pay to the registered holders of Right Certificates at the time such Rights are exercised or exchanged as herein provided an amount in cash equal
to the same fraction of the current per share market price of one share of Incentive Stock (as determined in accordance with Section 14.1) for the Trading Day immediately prior to the date of such exercise or exchange. 

14.3. Cash in Lieu of Fractional Shares of Common Stock. The Company shall not be required to issue fractions of shares of Common
Stock or to distribute certificates which evidence fractional shares of Common Stock upon the exercise or exchange of Rights. In lieu of such fractional shares of Common Stock, the Company shall pay to the registered holders of the Right
Certificates with regard to which such fractional shares of Common Stock would otherwise be issuable an amount in cash equal to the same fraction of the current market value of a whole share of Common Stock (as determined in accordance with
Section 14.1) for the Trading Day immediately prior to the date of such exercise or exchange. 
 14.4. Waiver of
Right to Receive Fractional Rights or Shares. The holder of a Right by the acceptance of the Rights expressly waives his right to receive any fractional Rights or any fractional shares upon exercise or exchange of a Right, except as permitted by
this Section 14. 
 Section 15. Rights of Action. All rights of action in respect of this Agreement,
except the rights of action given to the Rights Agent under Section 18, are vested in the respective registered holders of the Right Certificates (and, prior to the Distribution Date, the registered holders of the Common Stock); and any
registered holder of any Right Certificate (or, prior to the Distribution Date, of the Common Stock), without the consent of the Rights Agent or of the holder of any other Right Certificate (or, prior to the Distribution Date, of the Common Stock),
may, in his own behalf and for his own benefit, enforce this Agreement, and may institute and maintain any suit, action or proceeding against the Company to enforce this Agreement, or otherwise enforce or act in respect of his right to exercise the
Rights evidenced by such Right Certificate (or, prior to the Distribution Date, such Common Stock) in the manner provided in such Right Certificate and in this Agreement. Without limiting the foregoing or any remedies available to the holders of
Rights, it is specifically acknowledged that the holders of 

  
 29 

 
Rights would not have an adequate remedy at law for any breach of this Agreement and shall be entitled to specific performance of the obligations under, and injunctive relief against actual or
threatened violations of, the obligations of any Person (including, without limitation, the Company) subject to this Agreement. 

Section 16. Agreement of Right Holders. Every holder of a Right by accepting the same consents and agrees with the Company
and the Rights Agent and with every other holder of a Right that: 
 (a) prior to the Distribution Date, the
Rights will not be evidenced by a Right Certificate and will be transferable only in connection with the transfer of the Common Stock; 
 (b) as of and after the Distribution Date, the Right Certificates are transferable only on the registry books of the Rights Agent if surrendered at the office of the Rights Agent designated for such
purpose, duly endorsed or accompanied by a proper instrument of transfer with all required certifications completed; and 
 (c) the Company and the Rights Agent may deem and treat the Person in whose name the Right Certificate (or, prior to the Distribution Date, the associated Common Stock certificate or Book Entry Share) is
registered as the absolute owner thereof and of the Rights evidenced thereby (notwithstanding any notations of ownership or writing on the Right Certificates or the associated Common Stock certificate or Book Entry Share made by anyone other than
the Company or the Rights Agent) for all purposes whatsoever, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary. 
 Section 17. Right Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Right Certificate shall be entitled to vote, receive dividends or be deemed for any purpose the holder
of the Incentive Stock or any other securities of the Company which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Right Certificate be construed to confer upon the holder
of any Right Certificate, as such, any of the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to give or withhold consent to any
corporate action, or to receive notice of meetings or other actions affecting shareholders (except as provided in Section 24), or to receive dividends or subscription rights, or otherwise, until the Right or Rights evidenced by such
Right Certificate shall have been exercised in accordance with the provisions hereof. 
 Section 18. Concerning the
Rights Agent. The Company agrees to pay to the Rights Agent reasonable compensation for all services rendered by it hereunder in accordance with a fee schedule to be mutually agreed upon and, from time to time, on demand of the Rights Agent, its
reasonable expenses and counsel fees and other disbursements incurred in the administration and execution of this Agreement and the exercise and performance of its duties hereunder. The Company also agrees to indemnify the Rights Agent for, and to
hold it harmless against, any loss, liability, or expense, incurred without gross negligence, bad faith or willful misconduct on the part of the Rights Agent, for anything done or omitted by the Rights Agent in connection with the acceptance and
administration of this Agreement, including the costs and expenses of defending against any claim of liability arising therefrom, directly or indirectly. 

  
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 The Rights Agent shall be protected and shall incur no liability for or in respect of any
action taken, suffered or omitted by it in connection with its administration of this Agreement in reliance upon any Right Certificate or certificate for the Incentive Stock or the Common Stock or for other securities of the Company, instrument of
assignment or transfer, power of attorney, endorsement, affidavit, letter, notice, instruction, direction, consent, certificate, statement, or other paper or document believed by it to be genuine and to be signed, executed and, where necessary,
verified or acknowledged, by the proper Person or Persons. 
 Section 19. Merger or Consolidation or Change of Name of
Rights Agent. Any corporation or limited liability company or other entity into which the Rights Agent or any successor Rights Agent may be merged or with which it may be consolidated, or any corporation or limited liability company or other
entity resulting from any merger or consolidation to which the Rights Agent or any successor Rights Agent shall be a party, or any corporation or limited liability company succeeding to the corporate trust or stock transfer business of the Rights
Agent or any successor Rights Agent, shall be the successor to the Rights Agent under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto, provided that such corporation or
limited liability company or other entity would be eligible for appointment as a successor Rights Agent under the provisions of Section 21. In case at the time such successor Rights Agent shall succeed to the agency created by this
Agreement, any of the Right Certificates shall have been countersigned but not delivered, any such successor Rights Agent may adopt the countersignature of the predecessor Rights Agent and deliver such Right Certificates so countersigned; and in
case at that time any of the Right Certificates shall not have been countersigned, any successor Rights Agent may countersign such Right Certificates either in the name of the predecessor Rights Agent or in the name of the successor Rights Agent;
and in all such cases such Right Certificates shall have the full force provided in the Right Certificates and in this Agreement. 
 In case at any time the name of the Rights Agent shall be changed and at such time any of the Right Certificates shall have been countersigned but not delivered, the Rights Agent may adopt the
countersignature under its prior name and deliver Right Certificates so countersigned; and in case at that time any of the Right Certificates shall not have been countersigned, the Rights Agent may countersign such Right Certificates either in its
prior name or in its changed name; and in all such cases such Right Certificates shall have the full force provided in the Right Certificates and in this Agreement. 
 Section 20. Duties of Rights Agent. The Rights Agent undertakes the duties and obligations imposed by this Agreement upon the following terms and conditions, by all of which the Company and
the holders of Right Certificates, by their acceptance thereof, shall be bound: 
 20.1. Legal Counsel. The Rights Agent
may consult with legal counsel selected by it (who may be legal counsel for the Company), and the opinion of such counsel shall be full and complete authorization and protection to the Rights Agent as to any action taken or omitted by it in good
faith and in accordance with such opinion. 

  
 31 

 20.2. Certificates as to Facts or Matters. Whenever in the performance of its duties
under this Agreement the Rights Agent shall deem it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence in respect
thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate signed by any one of the Chairman and Chief Executive Officer, the President, the Senior Vice President, any Vice President, the
Corporate Treasurer or the Secretary of the Company and delivered to the Rights Agent; and such certificate shall be full authorization to the Rights Agent for any action taken or suffered in good faith by it under the provisions of this Agreement
in reliance upon such certificate. 
 20.3. Standard of Care. The Rights Agent shall be liable hereunder only for its own
gross negligence, bad faith or willful misconduct. 
 20.4. Reliance on Agreement and Right Certificates. The Rights Agent
shall not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement or in the Right Certificates (except as to its countersignature thereof) or be required to verify the same, but all such statements and
recitals are and shall be deemed to have been made by the Company only. 
 20.5. No Responsibility as to Certain Matters.
The Rights Agent shall not be under any responsibility in respect of the validity of this Agreement or the execution and delivery hereof (except the due execution hereof by the Rights Agent) or in respect of the validity or execution of any Right
Certificate (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any Right Certificate; nor shall it be responsible for any change in the
exercisability of the Rights (including the Rights becoming void pursuant to Section 11.1.2) or any adjustment required under the provisions of Sections 3, 11, 13, 23 or 27 or responsible for the
manner, method or amount of any such adjustment or the ascertaining of the existence of facts that would require any such adjustment (except with respect to the exercise of Rights evidenced by Right Certificates after actual notice of any such
change or adjustment); nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any Incentive Stock or other securities to be issued pursuant to this Agreement or any Right
Certificate or as to whether any Incentive Stock or other securities will, when so issued, be validly authorized and issued, fully paid and nonassessable. 
 20.6. Further Assurance by Company. The Company agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered all such further and
other acts, instruments and assurances as may reasonably be required by the Rights Agent for the carrying out or performing by the Rights Agent of the provisions of this Agreement. 

20.7. Authorized Company Officers. The Rights Agent is hereby authorized and directed to accept instructions with respect to the
performance of its duties hereunder from any one of the Chairman and Chief Executive Officer, the President, the Senior Vice President, any Vice President, the Corporate Treasurer or the Secretary of the Company, and to apply to such officers for
advice or instructions in connection with its duties under this Agreement, and it 

  
 32 

 
shall not be liable for any action taken or suffered to be taken by it in good faith in accordance with instructions of any such officer or for any delay in acting while waiting for these
instructions. Any application by the Rights Agent for written instructions from the Company may, at the option of the Rights Agent, set forth in writing any action proposed to be taken or omitted by the Rights Agent with respect to its duties or
obligations under this Agreement and the date on and/or after which such action shall be taken or such omission shall be effective. The Rights Agent shall not be liable to the Company for any action taken by, or omission of, the Rights Agent in
accordance with a proposal included in any such application on or after the date specified therein (which date shall not be less than three (3) Business Days after the date any such officer actually receives such application, unless any such
officer shall have consented in writing to an earlier date) unless, prior to taking of any such action (or the effective date in the case of omission), the Rights Agent shall have received written instructions in response to such application
specifying the action to be taken or omitted. 
 20.8. Freedom to Trade in Company Securities. The Rights Agent and any
shareholder, director, officer or employee of the Rights Agent may buy, sell or deal in any of the Rights or other securities of the Company or become pecuniarily interested in any transaction in which the Company may be interested, or contract with
or lend money to the Company or otherwise act as fully and freely as though it were not Rights Agent under this Agreement. Nothing herein shall preclude the Rights Agent from acting in any other capacity for the Company or for any other legal
entity. 
 20.9. Reliance on Attorneys and Agents. The Rights Agent may execute and exercise any of the rights or powers
hereby vested in it or perform any duty hereunder either itself or by or through its attorneys or agents, and the Rights Agent shall not be answerable or accountable for any act, omission, default, neglect or misconduct of any such attorneys or
agents or for any loss to the Company resulting from any such act, omission, default, neglect or misconduct, provided that reasonable care was exercised in the selection and continued employment thereof. 

20.10. Incomplete Certificate. If, with respect to any Right Certificate surrendered to the Rights Agent for exercise or transfer,
the certificate contained in the form of assignment or the form of election to purchase set forth on the reverse thereof, as the case may be, has not been completed to certify the holder is not an Acquiring Person (or a Related Person of an
Acquiring Person), the Rights Agent shall not take any further action with respect to such requested exercise or transfer without first consulting with the Company. 
 20.11. Rights Holders List. At any time and from time to time after the Distribution Date, upon the request of the Company, the Rights Agent shall promptly deliver to the Company a list, as of the
most recent practicable date (or as of such earlier date as may be specified by the Company), of the holders of record of Rights. 
 Section 21. Change of Rights Agent. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon thirty (30) days’ notice in
writing mailed to the Company and to each transfer agent of the Common Stock and/or Incentive Stock, as applicable, by registered or certified mail. Following the Distribution Date, the Company shall promptly notify the holders of the Right
Certificates by first-class mail 

  
 33 

 
of any such resignation. The Company may remove the Rights Agent or any successor Rights Agent upon thirty (30) days’ notice in writing, mailed to the Rights Agent or successor Rights
Agent, as the case may be, and to each transfer agent of the Common Stock and/or Incentive Stock, as applicable, by registered or certified mail, and to the holders of the Right Certificates by first-class mail. If the Rights Agent shall resign or
be removed or shall otherwise become incapable of acting, the resigning, removed, or incapacitated Rights Agent shall remit to the Company, or to any successor Rights Agent designated by the Company, all books, records, funds, certificates or other
documents or instruments of any kind then in its possession which were acquired by such resigning, removed or incapacitated Rights Agent in connection with its services as Rights Agent hereunder, and shall thereafter be discharged from all duties
and obligations hereunder. Following notice of such removal, resignation or incapacity, the Company shall appoint a successor to such Rights Agent. If the Company shall fail to make such appointment within a period of thirty (30) days after
giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who shall, with such notice, submit his Right
Certificate for inspection by the Company), then the registered holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company
or by such a court, shall be a corporation organized and doing business under the laws of the State of New York or the State of California (or any other state of the United States so long as such corporation is authorized to do business as a banking
institution in the State of New York or the State of California) in good standing, having an office in the State of New York or the State of California, which is authorized under such laws to exercise stock transfer or corporate trust powers and is
subject to supervision or examination by Federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least $100 million. After appointment, the successor Rights Agent shall be vested
with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without further act or deed; but the predecessor Rights Agent shall deliver and transfer to the successor Rights Agent any property at the
time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment the Company shall file notice thereof in writing with the
predecessor Rights Agent and each transfer agent of the Common Stock and/or Incentive Stock, as applicable, and, following the Distribution Date, mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give
any notice provided for in this Section 21, however, or any defect therein, shall not affect the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be.

 Section 22. Issuance of New Right Certificates. Notwithstanding any of the provisions of this Agreement or of the
Rights to the contrary, the Company may, at its option, issue new Right Certificates evidencing Rights in such form as may be approved by its Board to reflect any adjustment or change in the Purchase Price and the number or kind or class of shares
or other securities or property purchasable under the Right Certificates made in accordance with the provisions of this Agreement. In addition, in connection with the issuance or sale of Common Stock following the Distribution Date and prior to the
Expiration Date, the Company shall, with respect to Common Stock so issued or sold pursuant to the exercise of stock options or under any employee plan or arrangement, granted or awarded, or upon exercise, conversion or exchange of securities
heretofore or hereinafter issued by the Company, in each case existing 

  
 34 

 
prior to the Distribution Date, issue Right Certificates representing the appropriate number of Rights in connection with such issuance or sale; provided, however, that (i) no such
Right Certificate shall be issued if, and to the extent that, the Company shall be advised by counsel that such issuance would create a significant risk of material adverse tax consequences to the Company or the Person to whom such Right Certificate
would be issued and (ii) no such Right Certificate shall be issued if, and to the extent that, appropriate adjustment shall otherwise have been made in lieu of the issuance thereof. 

Section 23. Redemption and Exemption. 
 23.1. Right to Redeem. The Board may, at its option, at any time prior to a Trigger Event, redeem all but not less than all of the then outstanding Rights at a redemption price of $.001 per Right,
appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the “Redemption Price”), and the
Company may, at its option, pay the Redemption Price in Common Stock (based on the “current per share market price,” determined pursuant to Section 11.4, of the Common Stock at the time of redemption), cash or any other form of
consideration deemed appropriate by the Board. The redemption of the Rights by the Board may be made effective at such time, on such basis and subject to such conditions as the Board in its sole discretion may establish. 

23.2. Redemption Procedures. Immediately upon the action of the Board ordering the redemption of the Rights (or at such later time
as the Board may establish for the effectiveness of such redemption), and without any further action and without any notice, the right to exercise the Rights will terminate and the only right thereafter of the holders of Rights shall be to receive
the Redemption Price for each Right so held. The Company shall promptly give public notice of such redemption; provided, however, that the failure to give, or any defect in, any such notice shall not affect the validity of such redemption.
The Company shall promptly give, or cause the Rights Agent to give, notice of such redemption to the holders of the then outstanding Rights by mailing such notice to all such holders at their last addresses as they appear upon the registry books of
the Rights Agent or, prior to the Distribution Date, on the registry books of the transfer agent for the Common Stock. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice.
Each such notice of redemption shall state the method by which the payment of the Redemption Price will be made. The failure to give notice required by this Section 23.2 or any defect therein shall not affect the validity of the action
taken by the Company. Neither the Company nor any of its Affiliates or Associates may redeem, acquire or purchase for value any Rights at any time in any manner other than that specifically set forth in this Section 23 or in
Section 27, and other than in connection with the purchase, acquisition or redemption of Common Stock prior to the Distribution Date. 
 23.3. Shareholder Referendum for Qualifying Offers. 
 23.3.1.
Shareholders May Request Special Meeting. In the event the Company receives a Qualifying Offer and the Board has not redeemed the outstanding Rights or exempted such Qualifying Offer from the terms of this Agreement or called a special
meeting of shareholders for the purpose of voting on whether or not to exempt such Qualifying Offer from 

  
 35 

 
the terms of this Agreement, in each case, by the end of sixty (60) Business Days following the Regulatory Commencement of such Qualifying Offer (the “Board Evaluation
Period”), the holders of record (or their duly authorized proxy) of at least ten percent (10%) or more of the shares of Common Stock then outstanding (excluding shares of Common Stock that are Beneficially Owned by the Person making
the Qualifying Offer) (the “Requisite Percentage”) may submit to the Board, not earlier than seventy (70) Business Days nor later than ninety (90) Business Days following the Regulatory Commencement of such Qualifying
Offer, a written demand complying with the terms of this Section 23.3 (the “Special Meeting Demand”) directing the Board to submit to a vote of shareholders at a special meeting of the shareholders of the Company (a
“Special Meeting”) a resolution exempting such Qualifying Offer from the provisions of this Agreement (the “Qualifying Offer Resolution”). For purposes of a Special Meeting Demand, the record date for determining
eligible holders of record shall be the sixtieth
(60th) Business Day following the Regulatory
Commencement of such Qualifying Offer. Any Special Meeting Demand must be delivered to the Secretary of the Company at the principal executive offices of the Company and must set forth as to the shareholders of record executing the request
(i) the name and address of such shareholders, as they appear on the Company’s books and records, (ii) the class and number of shares of Common Stock which are owned of record by each of such shareholders and (iii) in the case of
Common Stock that is owned beneficially by another Person, an executed certification by the holder of record that such holder has executed such Special Meeting Notice only after obtaining instructions to do so from such beneficial owner. 

23.3.2. Special Meeting. After receipt of Special Meeting Demands in proper form and in accordance with this
Section 23.3 from a shareholder or shareholders holding the Requisite Percentage, the Board shall take such actions as are necessary or desirable to cause the Qualifying Offer Resolution to be so submitted to a vote of shareholders at a
Special Meeting to be convened within ninety (90) Business Days following the last day of the Board Evaluation Period (the “Special Meeting Period”) by including a proposal relating to adoption of the Qualifying Offer
Resolution in the proxy materials of the Company for the Special Meeting; provided, however, that if the Company at any time during the Special Meeting Period and prior to a vote on the Qualifying Offer Resolution enters into a
Definitive Acquisition Agreement, the Special Meeting Period may be extended (and any Special Meeting called in connection therewith may be cancelled) if the Qualifying Offer Resolution will be separately submitted to a vote at the same meeting as
the Definitive Acquisition Agreement. Subject to the requirements of applicable law, the Board may take a position in favor of or opposed to the adoption of the Qualifying Offer Resolution, or no position with respect to the Qualifying Offer
Resolution, as it determines to be appropriate in the exercise of its fiduciary duties. 
 23.3.3. Exemption for Qualifying
Offer. In the event that no Person has become an Acquiring Person prior to the Exemption Date and the Qualifying Offer continues to be a Qualifying Offer and either (i) the Special Meeting is not convened on or prior to the last day
of the Special Meeting Period (the “Outside Meeting Date”), or (ii) if, at the Special Meeting at which a quorum is present, a majority of the shares of Common Stock outstanding as of the record date for the Special Meeting
selected by the Board (excluding shares of Common Stock beneficially owned by the Person making the Qualified Offer and such Person’s Related Persons) shall vote in favor of the Qualifying Offer Resolution, then the Qualifying Offer shall be
deemed exempt from the application of this Agreement in all respects to such Qualifying Offer so long as 

  
 36 

 
it remains a Qualifying Offer, such exemption to be effective on the close of business on (i) the Outside Meeting Date or (ii) the date on which the results of the vote on the
Qualifying Offer Resolution at the Special Meeting are certified as official by the appointed inspectors of election for the Special Meeting, as the case may be (the “Exemption Date”). Notwithstanding anything herein to the
contrary, no action or vote by shareholders not in compliance with the provisions of this Section 23.3 shall serve to exempt any offer from the terms of this Agreement. Immediately upon the close of business on the Exemption Date, and
without any further action and without any notice, the right to exercise the Rights with respect to the Qualifying Offer will terminate and, notwithstanding anything in this Agreement to the contrary, the consummation of the Qualifying Offer shall
not cause the offeror (or its Related Persons) to become an Acquiring Person; and the Rights shall immediately expire and have no further force and effect upon such consummation. 

Section 24. Notice of Certain Events. In case the Company shall propose at any time after the earlier of the Stock
Acquisition Date and the Distribution Date (a) to pay any dividend payable in stock of any class to the holders of Incentive Stock or to make any other distribution to the holders of Incentive Stock (other than a regular periodic cash dividend
at a rate not in excess of 125% of the rate of the last regular periodic cash dividend theretofore paid or, in case regular periodic cash dividends have not theretofore been paid, at a rate not in excess of 50% of the average net income per share of
the Company for the four quarters ended immediately prior to the payment of such dividends, or a stock dividend on, or a subdivision, combination or reclassification of the Common Stock), or (b) to offer to the holders of Incentive Stock rights
or warrants to subscribe for or to purchase any additional Incentive Stock or shares of stock of any class or any other securities, rights or options, or (c) to effect any reclassification of its Incentive Stock (other than a reclassification
involving only the subdivision of outstanding Incentive Stock), or (d) to effect any consolidation or merger into or with, or to effect any sale or other transfer (or to permit one or more of its Subsidiaries to effect any sale or other
transfer), in one or more transactions, of 50% or more of the assets or earning power of the Company and its Subsidiaries (taken as a whole) to, any other Person (other than pursuant to a merger or other acquisition agreement of the type excluded
from the definition of “Beneficial Ownership” in Section 1.3), or (e) to effect the liquidation, dissolution or winding up of the Company, or (f) to declare or pay any dividend on the Common Stock payable in Common
Stock or to effect a subdivision, combination or consolidation of the Common Stock (by reclassification or otherwise than by payment of dividends in Common Stock), then, in each such case, the Company shall give to the Rights Agent and to each
holder of a Right Certificate, in accordance with Section 25, a notice of such proposed action, which shall specify the record date for the purposes of such stock dividend, distribution of rights or warrants, or the date on which such
reclassification, consolidation, merger, sale, transfer, liquidation, dissolution, or winding up is to take place and the date of participation therein by the holders of the Incentive Stock and/or Common Stock, if any such date is to be fixed, and
such notice shall be so given in the case of any action covered by clause (a) or (b) above at least ten (10) days prior to the record date for determining holders of the Incentive Stock for purposes of such action, and in the case of
any such other action, at least ten (10) days prior to the date of the taking of such proposed action or the date of participation therein by the holders of the Incentive Stock and/or Common Stock, whichever shall be the earlier. 

  
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 In case any event set forth in Section 11.1.2 or Section 13 shall
occur, then, in any such case, (i) the Company shall as soon as practicable thereafter give to the Rights Agent and to each holder of a Right Certificate, in accordance with Section 25, a notice of the occurrence of such event,
which notice shall describe the event and the consequences of the event to holders of Rights under Section 11.1.2 and Section 13, and (ii) all references in this Section 24 to Incentive Stock shall be deemed
thereafter to refer to Common Stock and/or, if appropriate, other securities. 
 Section 25. Notices. Notices or
demands authorized by this Agreement to be given or made by the Rights Agent or by the holder of any Right Certificate to or on the Company shall be sufficiently given or made if sent by overnight delivery service or first-class mail, postage
prepaid, addressed (until another address is filed in writing with the Rights Agent) as follows: 
 Mentor Graphics Corporation

 8005 S.W. Boeckman Road 
 Wilsonville, Oregon 97070-7777 
 Attention: Vice President, General Counsel and
Secretary 
 Subject to the provisions of Section 21 and Section 24, any notice or demand authorized by this Agreement to
be given or made by the Company or by the holder of any Right Certificate to or on the Rights Agent shall be sufficiently given or made if sent by overnight delivery service or first-class mail, postage prepaid, addressed (until another address is
filed in writing with the Company) as follows: 
 American Stock Transfer & Trust Company, LLC 

6201 15th Avenue 
 Brooklyn, NY 11219 
 Attention: Isaac Kagan, Vice President 

with a copy (which shall not constitute notice) to: 
 American Stock Transfer & Trust Company, LLC 
 6201
15th Avenue 

Brooklyn, NY 11219 
 Attention: General Counsel 
 Notices or demands authorized by this Agreement to be given or made
by the Company or the Rights Agent to the holder of any Right Certificate (or, prior to the Distribution Date, to the holder of any certificate representing Common Stock or of any Book Entry Shares) shall be sufficiently given or made if sent by
first-class mail, postage prepaid, addressed to such holder at the address of such holder as shown on the registry books of the Company or the transfer agent or registrar for the Common Stock; provided that prior to the Distribution Date a filing by
the Company with the Securities and Exchange Commission shall constitute sufficient notice to the holders of securities of the Company, including the Rights, for purposes of this Agreement and no other notice need be given. 

  
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 Section 26. Supplements and Amendments. For so long as the Rights are then
redeemable, the Company may in its sole and absolute discretion, and the Rights Agent shall, if the Company so directs, supplement or amend any provision of this Agreement in any respect without the approval of any holders of Rights or Common Stock.
From and after the time that the Rights are no longer redeemable, the Company may, and the Rights Agent shall, if the Company so directs, from time to time supplement or amend this Agreement without the approval of any holders of Rights (i) to
cure any ambiguity or to correct or supplement any provision contained herein which may be defective or inconsistent with any other provisions herein or (ii) to make any other changes or provisions in regard to matters or questions arising
hereunder which the Company may deem necessary or desirable, including but not limited to extending the Final Expiration Date; provided, however, that no such supplement or amendment shall adversely affect the interests of the holders of
Rights as such (other than an Acquiring Person or a Related Person of an Acquiring Person), and no such supplement or amendment may cause the Rights again to become redeemable or cause this Agreement again to become amendable as to an Acquiring
Person or a Related Person of an Acquiring Person, other than in accordance with this sentence; provided further, that the right of the Board to extend the Distribution Date shall not require any amendment or supplement hereunder. Upon the
delivery of a certificate from an appropriate officer of the Company which states that the proposed supplement or amendment is in compliance with the terms of this Section 26, the Rights Agent shall execute such supplement or amendment;
provided that any supplement or amendment that does not amend Sections 18, 19, 20 or 21 hereof or this Section 26 or any other Section of this Agreement in a manner adverse to the Rights Agent shall
become effective immediately upon execution by the Company, whether or not also executed by the Rights Agent. The Company shall promptly provide the Rights Agent with written notice of such supplement or amendment. 

Section 27. Exchange. 
 27.1. Exchange of Common Stock for Rights. The Board may, at its option, at any time after the occurrence of a Trigger Event, exchange Common Stock for all or part of the then outstanding and
exercisable Rights (which shall not include Rights that have become void pursuant to the provisions of Section 11.1.2) by exchanging at an exchange ratio of one share of Common Stock per Right, appropriately adjusted to reflect any stock split,
stock dividend or similar transaction occurring after the date hereof (such amount per Right being hereinafter referred to as the “Exchange Consideration”). Notwithstanding the foregoing, the Board shall not be empowered to effect
such exchange at any time after any Acquiring Person shall have become the Beneficial Owner of 50% or more of the Common Stock then outstanding. From and after the occurrence of an event specified in Section 13.1, any Rights that theretofore
have not been exchanged pursuant to this Section 27.1 shall thereafter be exercisable only in accordance with Section 13 and may not be exchanged pursuant to this Section 27.1. The exchange of the Rights by the Board may be made
effective at such time, on such basis and with such conditions as the Board in its sole discretion may establish. Without limiting the foregoing, prior to effecting an exchange pursuant to this Section 27, the Board may direct the Company to
enter into a Trust Agreement in such form and with such terms as the Board shall then approve (the “Trust Agreement”). If the Board so directs, the Company shall enter into the Trust Agreement and shall issue to the trust created by
such agreement (the “Trust”) all of the Common Stock issuable pursuant to the exchange (or any portion thereof that has not theretofore been issued in connection with the exchange). From and after the time at which such shares are

  
 39 

 
issued to the Trust, all shareholders then entitled to receive shares pursuant to the exchange shall be entitled to receive such shares (and any dividends or distributions made thereon after the
date on which such shares are deposited in the Trust) only from the Trust and solely upon compliance with the relevant terms and provisions of the Trust Agreement. Any Common Stock issued at the direction of the Board in connection herewith shall be
validly issued, fully paid and nonassessable Common Stock. 
 27.2. Exchange Procedures. Immediately upon the action of
the Board ordering the exchange for any Rights pursuant to Section 27.1 and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights
shall be to receive the Exchange Consideration. The Company shall promptly give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The
Company promptly shall mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice which is mailed in the manner herein provided shall be
deemed given, whether or not the holder receives the notice. Each such notice of exchange shall state the method by which the exchange of the Common Stock for Rights will be effected and, in the event of any partial exchange, the number of Rights
which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than the Rights that have become void pursuant to the provisions of Section 11.1.2) held by each holder of Rights. 

27.3. Insufficient Shares. The Company may at its option substitute, and, in the event that there shall not be sufficient Common
Stock issued but not outstanding or authorized but unissued to permit an exchange of Rights for Common Stock as contemplated in accordance with this Section 27, the Company shall substitute to the extent of such insufficiency, for each
share of Common Stock that would otherwise be issuable upon exchange of a Right, a number of shares of Incentive Stock or fraction thereof (or equivalent incentive stock, as such term is defined in Section 11.2) such that the current per
share market price (determined pursuant to Section 11.4) of one share of Incentive Stock (or equivalent incentive share) multiplied by such number or fraction is equal to the current per share market price of one share of Common Stock
(determined pursuant to Section 11.4) as of the date of such exchange. If Incentive Stock or equivalent incentive stock is substituted for Common Stock in accordance with this Section 27.3, then all references to “Common
Stock” in this Section 27 shall, to the extent applicable, be deemed to be references to such Incentive Stock or equivalent incentive stock. 
 Section 28. Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Rights Agent shall bind and inure to the benefit of their respective
successors and assigns hereunder. 
 Section 29. Benefits of this Agreement. Nothing in this Agreement shall be
construed to give to any Person or corporation other than the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, the Common Stock) any legal or equitable right, remedy or claim under
this Agreement; but this Agreement shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, the Common Stock). 

  
 40 

 Section 30. Determination and Actions by the Board or Committee Thereof. The
Board, or a duly authorized committee thereof, shall have the exclusive power and authority to administer this Agreement and to exercise the rights and powers specifically granted to the Board or to the Company, or as may be necessary or advisable
in the administration of this Agreement, including, without limitation, the right and power to (i) interpret the provisions of this Agreement and (ii) make all determinations deemed necessary or advisable for the administration of this
Agreement (including, without limitation, a determination to redeem or not redeem the Rights or amend this Agreement). In administering this Agreement and exercising the rights and powers specifically granted to the Board and to the Company
hereunder, and in interpreting this Agreement and making any determination hereunder, the Board, or a duly authorized committee thereof, may consider any and all facts, circumstances or information it deems to be necessary, useful or appropriate.
All such actions, calculations, interpretations and determinations that are done or made by the Board, or a duly authorized committee thereof, in good faith shall be final, conclusive and binding on the Company, the Rights Agent, the holders of the
Rights, as such, and all other parties to the fullest extent permitted by applicable law. Without limiting the foregoing, nothing contained herein shall be construed to suggest or imply that the Board shall not be entitled to reject any Qualifying
Offer or any other tender offer or other acquisition proposal, or to recommend that holders of Common Stock reject any Qualifying Offer or any other tender offer or other acquisition proposal, or to take any other action (including, without
limitation, the commencement, prosecution, defense or settlement of any litigation and the submission of additional or alternative offers or other proposals) with respect to any Qualifying Offer or any other tender offer or other acquisition
proposal that the Board believes is necessary or appropriate in the exercise of its fiduciary duties. 
 Section 31.
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and
restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. The parties hereto further agree to replace such invalid, void or unenforceable provision of this Agreement with a valid,
legal and enforceable provision that carries out the parties’ intentions to the greatest lawful extent under this Agreement. 
 Section 32. Governing Law. This Agreement and each Right Certificate issued hereunder shall be deemed to be a contract made under the internal laws of the State of Oregon and for all purposes
shall be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such State. 
 Section 33. Counterparts. This Agreement may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such
counterparts shall together constitute but one and the same instrument. A signature to this Agreement transmitted electronically shall have the same authority, effect and enforceability as an original signature. 

  
 41 

 Section 34. Descriptive Headings. Descriptive headings of the several Sections
of this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. 
 [Signature Pages Follow] 

  
 42 

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

			
	MENTOR GRAPHICS CORPORATION
		
	By:	 	/s/ Dean Freed
		 	Name: Dean Freed
		 	Title: Vice President and General Counsel

 [Signature Page to Second Amended and Restated Rights Agreement] 

 
			
	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page to Second Amended and Restated Rights Agreement] 

 EXHIBIT A 

[Form of Right Certificate] 
  

			
	Certificate No. R-	  	            Rights

 NOT EXERCISABLE AFTER JUNE 30, 2015 OR EARLIER IF NOTICE OF REDEMPTION OR EXCHANGE IS GIVEN OR IF THE
COMPANY IS MERGED OR ACQUIRED PURSUANT TO AN AGREEMENT OF THE TYPE DESCRIBED IN SECTION 13.3 OF THE AGREEMENT. THE RIGHTS ARE SUBJECT TO REDEMPTION AT $.001 PER RIGHT, AND TO EXCHANGE ON THE TERMS SET FORTH IN THE AGREEMENT. UNDER CERTAIN
CIRCUMSTANCES (SPECIFIED IN SECTION 11.1.2 OF THE AGREEMENT), RIGHTS BENEFICIALLY OWNED BY OR TRANSFERRED TO AN ACQUIRING PERSON (AS DEFINED IN THE AGREEMENT), OR ANY SUBSEQUENT HOLDER OF SUCH RIGHTS, WILL BECOME NULL AND VOID AND WILL NO LONGER BE
TRANSFERABLE. 
 Right Certificate 
 MENTOR GRAPHICS CORPORATION 
 This certifies that
                        , or registered assigns, is the registered owner of the number of Rights set forth above, each of
which entitles the owner thereof, subject to the terms, provisions and conditions of the Second Amended and Restated Rights Agreement, dated as of June 28, 2013, as the same may be amended from time to time (the “Agreement”),
between Mentor Graphics Corporation, an Oregon corporation (the “Company”), and American Stock Transfer & Trust Company, LLC, a New York limited liability trust company, as Rights Agent (the “Rights
Agent”), to purchase from the Company at any time after the Distribution Date and prior to 5:00 P.M. (pacific time) on June 30, 2015, at the offices of the Rights Agent, or its successors as Rights Agent, designated for such purpose,
one ten-thousandth of a fully paid, nonassessable share of Series B Junior Participating Incentive Stock, no par value (the “Incentive Stock”), of the Company, at a purchase price of $90 per one ten-thousandth of a share of
Incentive Stock, subject to adjustment (the “Purchase Price”), upon presentation and surrender of this Right Certificate with the Form of Election to Purchase and certification properly completed and duly executed. The number of
Rights evidenced by this Right Certificate (and the number of one ten-thousandths of a share of Incentive Stock which may be purchased upon exercise thereof) set forth above, and the Purchase Price set forth above, are the number and Purchase Price
as of June 28, 2013 based on the Incentive Stock as constituted at such date. Capitalized terms used in this Right Certificate without definition shall have the meanings ascribed to them in the Agreement. As provided in the Agreement, the
Purchase Price and the number of shares of Incentive Stock which may be purchased upon the exercise of the Rights evidenced by this Right Certificate are subject to modification and adjustment upon the happening of certain events. 

  
 A-1

 This Right Certificate is subject to all of the terms, provisions and conditions of the
Agreement, which terms, provisions and conditions are hereby incorporated herein by reference and made a part hereof and to which Agreement reference is hereby made for a full description of the rights, limitations of rights, obligations, duties and
immunities hereunder of the Rights Agent, the Company and the holders of the Right Certificates. Copies of the Agreement are on file at the principal offices of the Company and the Rights Agent. 

This Right Certificate, with or without other Right Certificates, upon surrender at the offices of the Rights Agent designated for such
purpose, may be exchanged for another Right Certificate or Right Certificates of like tenor and date evidencing Rights entitling the holder to purchase a like aggregate number of one ten-thousandths of a share of Incentive Stock as the Rights
evidenced by the Right Certificate or Right Certificates surrendered shall have entitled such holder to purchase. If this Right Certificate shall be exercised in part, the holder shall be entitled to receive upon surrender hereof another Right
Certificate or Right Certificates for the number of whole Rights not exercised. 
 Subject to the provisions of the Agreement,
the Board may, at its option, (i) redeem the Rights evidenced by this Right Certificate at a redemption price of $.001 per Right or (ii) exchange Common Stock for the Rights evidenced by this Certificate, in whole or in part. 

No fractional Incentive Stock will be issued upon the exercise of any Right or Rights evidenced hereby (other than fractions of Incentive
Stock which are integral multiples of one ten-thousandth of a share of Incentive Stock, which may, at the election of the Company, be evidenced by depository receipts), but in lieu thereof a cash payment will be made, as provided in the Agreement.

 No holder of this Right Certificate, as such, shall be entitled to vote or receive dividends or be deemed for any purpose the
holder of the Incentive Stock or of any other securities of the Company which may at any time be issuable on the exercise hereof, nor shall anything contained in the Agreement or herein be construed to confer upon the holder hereof, as such, any of
the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of
meetings or other actions affecting shareholders (except as provided in the Agreement), or to receive dividends or subscription rights, or otherwise, until the Right or Rights evidenced by this Right Certificate shall have been exercised as provided
in the Agreement. 
 If any term, provision, covenant or restriction of the Agreement is held by a court of competent
jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of the Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated.

 This Right Certificate shall not be valid or binding for any purpose until it shall have been countersigned by the Rights
Agent. 

  
 A-2

 WITNESS the facsimile signature of the proper officers of the Company and its corporate
seal. 
 Dated as of
                    , 20    . 
  

							
	Attest:	  	MENTOR GRAPHICS CORPORATION
				
	 By
	  	 	  	By	  	 
		  	Title:	  		  	Title:

 Countersigned: 
  

			
	 AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC,
 as Rights Agent

		
	 By
	 	 
		 	Authorized Signature

  
 A-3

 Form of Reverse Side of Right Certificate 

FORM OF ASSIGNMENT 
 (To be executed by the registered holder if such holder 
 desires to transfer the
Right Certificate.) 
  

			
	FOR VALUE RECEIVED	  	 

			
	hereby sells, assigns and transfers unto	  	 
	
	 
	
	 

 (Please print name and address 
 of transferee) 
 Rights evidenced by this Right Certificate, together with all right, title and
interest therein, and does hereby irrevocably constitute and appoint                     Attorney, to transfer the within Right Certificate on the
books of the within-named Company, with full power of substitution. 

Dated:                        
 
  

	
	  
	Signature

  

	
	Signature Medallion Guaranteed:
	
	  

 Signatures must be guaranteed by an “eligible guarantor institution” as defined in Rule 17Ad-15
promulgated under the Securities Exchange Act of 1934, as amended, which is a member of a recognized Medallion Signature Guarantee Program. 

  
 A-4

  
 The
undersigned hereby certifies that: 
 (1) the Rights evidenced by this Right Certificate are not Beneficially Owned by and are
not being assigned to an Acquiring Person or a Related Person of an Acquiring Person; and 
 (2) after due inquiry and to the
best knowledge of the undersigned, the undersigned did not acquire the Rights evidenced by this Right Certificate from any Person who is, was or subsequently became an Acquiring Person or a Related Person of an Acquiring Person. 

Dated:                        
         
  

	
	
	  
	Signature

  
 A-5

 FORM OF ELECTION TO PURCHASE 

(To be executed if holder desires to 
 exercise the Right Certificate.) 
 To: Mentor Graphics Corporation 

The undersigned hereby irrevocably elects to exercise
                                 Rights represented by this Right Certificate to purchase
the Incentive Stock issuable upon the exercise of such Rights (or such other securities or property of the Company or of any other Person which may be issuable upon the exercise of the Rights) and requests that certificates for such stock (or such
other securities or property of the Company or of any other Person which may be issuable upon the exercise of the Rights) be issued in the name of (or to, as the case may be): 

 

	
	  
	(Please print name and address)
	
	  

 If such number of Rights shall not be all the Rights evidenced by this Right Certificate, a new Right Certificate for the
balance remaining of such Rights shall be registered in the name of and delivered to: 
  

					
	 Please insert social security

or other identifying number
	  	 	  	
		
	 	  	
	 (Please print name and address)
	  	
		
	  	  	 

 Dated:
                                     

 

	
	  
	Signature

  

	
	Signature Medallion Guaranteed:
	
	  
	

 Signatures must be guaranteed by an “eligible guarantor institution” as defined in Rule 17Ad-15
promulgated under the Securities Exchange Act of 1934, as amended, which is a member of a recognized Medallion Signature Guarantee Program. 

  
 A-6

 The undersigned hereby certifies that: 

(1) the Rights evidenced by this Right Certificate are not Beneficially Owned by and are not being assigned to an Acquiring Person or a
Related Person of an Acquiring Person; and 
 (2) after due inquiry and to the best knowledge of the undersigned, the undersigned
did not acquire the Rights evidenced by this Right Certificate from any Person who is, was or subsequently became an Acquiring Person or a Related Person of an Acquiring Person. 
 Dated:                                
 
  

	
	  
	Signature

  
  

NOTICE 
 The signature in the foregoing Form of Assignment and Form of Election to Purchase must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or
enlargement or any change whatsoever. 
 In the event the certification set forth above in the Form of Assignment or Form of
Election to Purchase is not completed, the Company will deem the Beneficial Owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or a Related Person of an Acquiring Person and such Assignment or Election to Purchase will
not be honored. 

  
 A-7EX-10.1

 Exhibit 10.1 
 PURCHASE AGREEMENT 
 Between 

1220 HOWELL LLC, a Delaware limited liability company, 
 KING & DEARBORN LLC, a Delaware limited liability company, and 
 NORTHVIEW
CORPORATE CENTER LLC, a Delaware limited liability company, 
 as Sellers, 

and 
 HUDSON
PACIFIC PROPERTIES, L.P., 
 a Maryland limited partnership, 

as Buyer 

June 11, 2013 
 Metropolitan Park – North Tower, Seattle, Washington, 
 83 South King Street
and 505 First Street, Seattle, Washington, 
 Northview Corporate Center, 20700 44th Avenue West, Lynnwood, Washington 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE 1 Purchase and Sale	  	 	1	  
	            1.1	 	The Property	  	 	1	  
	            1.2	 	Property Approval Period	  	 	2	  
		
	ARTICLE 2 Purchase Price	  	 	7	  
	            2.1	 	Amount and Payment	  	 	7	  
	            2.2	 	Deposit	  	 	7	  
	            2.3	 	Liquidated Damages	  	 	8	  
		
	ARTICLE 3 Completion of Sale	  	 	10	  
	            3.1	 	Place and Date	  	 	10	  
		
	ARTICLE 4 Title and Condition	  	 	10	  
	            4.1	 	Title to the Property	  	 	10	  
	            4.2	 	Leases	  	 	10	  
	            4.3	 	Personal Property	  	 	10	  
	            4.4	 	Contracts	  	 	10	  
	            4.5	 	Permits	  	 	11	  
	            4.6	 	Conveyance	  	 	11	  
	            4.7	 	“AS IS” Sale.	  	 	11	  
	            4.8	 	Buyer’s Release	  	 	15	  
		
	ARTICLE 5 Representations and Warranties	  	 	16	  
	            5.1	 	Seller	  	 	16	  
	            5.2	 	Buyer	  	 	19	  
		
	ARTICLE 6 Covenants	  	 	21	  
	            6.1	 	Seller	  	 	21	  
	            6.2	 	Buyer	  	 	25	  
	            6.3	 	Casualty Damage	  	 	26	  
	            6.4	 	Eminent Domain	  	 	27	  
		
	ARTICLE 7 Conditions Precedent	  	 	28	  
	            7.1	 	Seller	  	 	28	  
	            7.2	 	Buyer	  	 	28	  
		
	ARTICLE 8 Closing	  	 	31	  
	            8.1	 	Procedure	  	 	31	  
	            8.2	 	Possession	  	 	32	  
	            8.3	 	Closing Costs	  	 	32	  
	            8.4	 	Prorations	  	 	32	  
	            8.5	 	Tenant Reconciliations and Post-Closing Adjustments	  	 	34	  
	            8.6	 	Post-Closing Access	  	 	34	  
	            8.7	 	Cooperation with Buyer’s Auditors and SEC Filing Requirements	  	 	34	  
		
	ARTICLE 9 General	  	 	36	  
	            9.1	 	Notices	  	 	36	  
	            9.2	 	Attorneys’ Fees	  	 	37	  

  
 i 

							
	            9.3	 	Governing Law	  	 	37	  
	            9.4	 	Seller Default	  	 	37	  
	            9.5	 	Construction	  	 	37	  
	            9.6	 	Terms Generally	  	 	37	  
	            9.7	 	Further Assurances	  	 	38	  
	            9.8	 	Partial Invalidity	  	 	38	  
	            9.9	 	Waivers	  	 	38	  
	            9.10	 	Miscellaneous	  	 	38	  
	            9.11	 	Confidentiality	  	 	38	  
	            9.12	 	Escrow Agent; Deposit	  	 	40	  
	            9.13	 	1031 Exchange	  	 	42	  

  

			
	Exhibit A	  	List of Real Property by Owner
	Exhibit B	  	Lease Lists
	Exhibit C	  	Excluded Personal Property Lists
	Exhibit D	  	List of Contracts
	Exhibit E	  	Form of Deed
	Exhibit F	  	Assignment of Leases
	Exhibit G	  	Bill of Sale
	Exhibit H	  	Assignment of Contracts
	Exhibit I	  	Assignment of Permits
	Exhibit J	  	List of Security Deposits
	Exhibit K	  	Seller’s Closing Certificate
	Exhibit L	  	Estoppel Certificate
	Exhibit L-1	  	Association Estoppel Certificate
	Exhibit L-2	  	Parking Estoppel Certificate
	Exhibit M	  	Buyer’s Closing Certificate
	Exhibit N	  	Certificate of Nonforeign Status
	Exhibit O	  	Form of Tenant Notice
	Exhibit P	  	Environmental Disclosure Statement

			
	Schedules 1.1(a)-(c)	  	Preliminary Reports
	Schedule 1.2(a)	  	List of Documents Produced as Part of the Seller Diligence Documents
	Schedule 2.1	  	Allocated Value for Each Property (including Personal Property Value)
	Schedule 5.1	  	Litigation
	Schedule 5.1(b)	  	List of any Tenant Audits of Operating Expenses
	Schedule 5.1(f)	  	List of Tax Appeals
	Schedule 5.1(g)(1)	  	Description of Current Ongoing Tenant Improvement Work and Improvement Allowance for Such Work, Free Rent, Current and Future Brokerage Commissions, and Other Unexpired or
Outstanding Tenant Inducements of Monetary Concessions
	Schedule 6.1(d)	  	Estoppel Certificates - List of Tenants
	Schedule 7.2(e)	  	List of Required Tenant Estoppels
	Schedule 7.2(f)	  	Lobby Work Budget
	Schedule 8.7	  	Buyer Audit Information

  
 ii 

 PURCHASE AGREEMENT 

THIS PURCHASE AGREEMENT (this “Agreement”), is made as of June 11, 2013, by and between 1220 HOWELL LLC, a Delaware
limited liability company, KING & DEARBORN LLC, a Delaware limited liability company, and NORTHVIEW CORPORATE CENTER LLC, a Delaware limited liability company, (each a “Seller” and collectively “Sellers”), and HUDSON
PACIFIC PROPERTIES, L.P., a Maryland limited partnership. 
 WITNESSETH: 

In consideration of the covenants in this Agreement, Seller and Buyer agree as follows: 

ARTICLE 1 

Purchase and Sale 
 1.1 The Property. Each Seller agrees to sell to Buyer, and Buyer agrees to purchase from each Seller, in accordance with this Agreement, all of such Seller’s right, title and interest in and
to the following property (for each Seller, such Seller’s “Property”, and collectively, the “Property”): 
 (a) Each Seller’s interest in the real property owned by such Seller as identified in Exhibit A (the “Land”) and as more particularly described in the Preliminary Reports attached as
Schedules 1.1 (a) – (c) (each a “Preliminary Report” and collectively the “Preliminary Reports”), prepared by the Title Company (as defined in section 2.2 below) together with all buildings, structures,
improvements, machinery, fixtures and equipment affixed or attached to such real property and all easements and rights appurtenant to such real property (all such real property, buildings, structures, improvements, machinery, fixtures, equipment,
easements and rights are collectively the “Real Property”); 
 (b) Each Seller’s interest in all
leases, lease amendments, lease guaranties, work letter agreements, improvement agreements, other occupancy agreements, subleases, assignments, licenses, concessions and other agreements (the “Leases”) with all persons leasing, using or
occupying such Seller’s Real Property or any part thereof (“Tenants”) described in the list of leases (the “Lease List”) attached hereto as Exhibit B, together with all security deposits held, and all guarantees,
letters of credit and other similar credit enhancements, in connection with the Leases (the “Security Deposits”), as described on Exhibit J hereto; 

(c) All tangible and intangible personal property located at or directly associated with such Seller’s Real Property
(including, without limitation, any and all plans, specifications, drawings, books and building records, together with all domain names and other intellectual property) (the “Personal Property”), except for such Seller’s or other
party’s personal property described in Exhibit C attached hereto; 
 (d) Each Seller’s
interest in all contracts, agreements, warranties and guaranties (the “Contracts”) described in Exhibit D attached hereto; and 

  
 1 

 (e) Each Seller’s interest in all building permits, certificates of
occupancy, development rights, entitlements and other certificates, permits, licenses and approvals (the “Permits”) relating to such Real Property. 
 1.2 Property Approval Period. If the parties to this Agreement have previously executed an access agreement or other similar agreement in connection with the transaction contemplated by this
Agreement, then the terms and provisions of such other access agreement shall apply to the parties’ actions prior to the date of this Agreement and, effective upon the date of this Agreement, the terms and provisions of this Agreement regarding
access and due diligence investigations shall control with respect to the parties’ actions from and after the date of this Agreement. 
 (a) During the period commencing on the date of this Agreement to 5:00 p.m. Pacific time on June 17, 2013 (the “Property Approval Period”), Buyer shall, at Buyer’s expense, have the
right to review and investigate the physical and environmental condition of the Property, the character, quality and general utility of the Property, the zoning, land use, environmental and building requirements and restrictions applicable to the
Property, the state of title to the Property, the Personal Property, the Contracts, the Permits, and the Leases. As a result of such review and investigation, Buyer shall determine, in its sole and absolute discretion, whether the Property is
acceptable to Buyer. If Buyer fails, prior to 5:00 P.M. Pacific time on the last day of the Property Approval Period, to (i) deliver written notice (“Buyer’s Approval Notice”) to Seller and Title Company (as defined in
Section 2.2 below) of Buyer’s unconditional approval of the Property, and (ii) the Second Deposit (as that term is defined in Section 2.2 below) to Title Company, then Buyer shall be deemed to have disapproved the Property and
this Agreement shall automatically terminate, the Deposit (as defined in section 2.2 below) shall be returned to Buyer, and thereafter neither Sellers nor Buyer shall have any further obligations hereunder. If Buyer delivers Buyer’s
Approval Notice prior to the expiration of the Property Approval Period, Buyer shall no longer have any right to terminate this Agreement under this section 1.2(a), and (subject to the provisions of section 1.2(h) hereof) Buyer shall be
obligated to proceed to Closing (as hereinafter defined) and consummate the transaction contemplated hereby pursuant to this Agreement. Despite the rights provided to Buyer below in this section 1.2 to continue to conduct due diligence, nothing in
this section 1.2 gives Buyer the right to terminate this Agreement, except as expressly set forth in this section 1.2(a) and in section 1.2(h) below (with respect to new title matters appearing on any title updates). 

During the Property Approval Period and thereafter through Closing or the earlier termination of this Agreement, each Seller shall permit
Buyer and Buyer’s representatives to inspect and copy the documents listed on Schedule 1.2(a) to this Agreement and each Seller’s Lease files (collectively, and together with the Preliminary Report (defined below) and the underlying
exception documents, the “Seller Diligence Documents”), and each Seller shall provide Buyer and Buyer’s representatives with reasonable access to such Seller’s Property at reasonable times, with at least twenty-four
(24) hours prior notice to such Seller, during normal business hours on business days for the purposes of exercising the rights of Buyer pursuant to this section 1.2. As used in this Agreement, the term “business day” shall mean
any day, except Saturdays, Sundays, New Year’s Day, Martin Luther King, Jr. Day, Presidents’ Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day or any

  
 2 

 
other day that banks in the State of Washington are authorized or required to close for the normal conduct of business. Buyer’s notice shall identify Buyer and/or Buyer’s
representatives entering the Property, as applicable, and shall provide the general scope of the due diligence such party intends to conduct during its access to the Property. Sellers have previously provided Buyer with a current rent roll for the
Property. Buyer acknowledges that the materials relating to the Property that Sellers have furnished or will furnish to Buyer contain confidential and proprietary information. Buyer agrees to keep confidential, and not disseminate to any third party
other than Buyer’s Agents (as defined below), or Buyer’s prospective lenders or investors, any non-public information, studies or reports that Buyer and/or Buyer’s employees, agents, consultants, attorneys, accountants, directors,
advisors, lenders, contractors and representatives (collectively, “Buyer’s Agents”) obtain, from Sellers or otherwise, or develop during or as a result of Buyer’s due diligence inspections (the “Due Diligence
Information”). Buyer shall not use the Due Diligence Information in a way that is detrimental to Sellers or for any purpose other than Buyer’s evaluating the proposed acquisition of the Property and enforcing Buyer’s rights and
remedies hereunder. If Buyer does not purchase the Property for any reason other than a default by Seller hereunder, the Seller Diligence Documents and any third-party inspection reports, studies, surveys, and other third-party reports and/or test
results relating to the physical condition of the Property which were prepared by consultants retained by Buyer in contemplation of this Agreement and which are not subject to the attorney-client privilege shall be delivered or returned to Sellers
within five (5) business days following Seller’s written request therefor (and Buyer’s obligation to deliver or return the foregoing shall survive the expiration or termination of this Agreement for a period of nine (9) months),
and, except as required by law or regulatory requirements, to demonstrate compliance with fiduciary duties or for purposes of defending or maintaining any legal action related to this Agreement (provided that any such retained copies continue to be
held confidential pursuant to the terms of this Agreement so long as such copies are retained), neither Buyer nor Buyer’s Agents shall retain any copies, extracts or other reproductions of the Seller Diligence Documents, except that neither
Recipient nor Buyer’s Agents will be obligated to erase Seller Diligence Documents that is automatically saved in an archived computer backup system in accordance with existing security and/or disaster recovery procedures. If Buyer or
Buyer’s Agents are requested or required by subpoena or similar court order to disclose any Due Diligence Information (to the extent the same remains confidential pursuant to the express terms of this Agreement), Buyer (unless prohibited by
law) shall promptly notify Sellers of such request or requirement so that Sellers may, at their cost and expense, seek to avoid or minimize the required disclosure and/or to obtain an appropriate protective order. 

(b) Buyer agrees that each Seller shall have the right to have a representative present to observe all due diligence
inspections conducted at such Seller’s Property. Buyer acknowledges and agrees that any and all due diligence inspections shall be conducted in a manner not unreasonably disruptive to tenants or to the operation of the Property. In addition,
Buyer shall have the right to obtain from the local zoning or planning department such department’s standard zoning letter or report in which the department confirms the zoning applicable to the Real Property, but Buyer shall not otherwise
discuss or inquire about matters related to the Property with governmental entities and utilities or other similar third parties. 

  
 3 

 (c) In conducting its due diligence, Buyer agrees to carry, or to require
its agents, consultants and contractors who conduct the due diligence inspections at or on the Property to carry, not less than one million dollars ($1,000,000) comprehensive general liability insurance with a contractual liability endorsement that
insures Buyer’s indemnity obligations under section 1.2(g) hereof, and Buyer shall provide Sellers with written evidence of same. Buyer agrees to keep the Property free and clear of any liens that may arise as a result of Buyer’s
activities and those of its agents, consultants and contractors at or on the Property. All activities undertaken in connection with Buyer’s due diligence activities shall fully comply with applicable laws and regulations, including laws and
regulations relating to worker safety. 
 (d) Buyer shall not allow or conduct any intrusive physical or
environmental testing, inspection or investigation of the Property, and nothing contained in this Agreement shall be deemed to grant Buyer any right of access to conduct intrusive physical or environmental testing, inspection or investigation of the
Property, without first obtaining the applicable Seller’s prior written consent (which may be withheld in such Seller’s reasonable discretion) and, upon request of such Seller, entering into an additional agreement with respect thereto in
a form reasonably acceptable to such Seller. Prior to performing any environmental tests or studies on the Property beyond the scope of work generally performed in a “Phase I” environmental property assessment study, Buyer shall notify
each Seller of the scope of work intended to be performed at such Seller’s Property and shall provide such Seller an opportunity to confer, either directly or through such Seller’s consultants, with Buyer’s environmental consultants
in order to determine whether to consent to any sampling or testing of surface or subsurface soils, surface water or ground water. Each Seller may elect to deny Buyer permission to conduct intrusive testing or other inspections of the soils, surface
water or ground water based at such Seller’s Property on such Seller’s determination, in its reasonable discretion, that such inspections are inadvisable. 

(e) Buyer, at its sole cost, shall restore promptly any and all physical damage or injury caused by its due diligence
inspections and shall return the Property to substantially the condition existing prior to such entry; it being understood, however, that Buyer shall not be responsible for damage due to the mere discovery of a pre-existing condition, but Buyer
shall be responsible for any exacerbation of a pre-existing condition resulting from Buyer’s activities, and Buyer shall not be responsible to the extent of any damage caused by a Seller or any of its tenants’ or occupants’ (or any of
their respective employees’, agents’ or invitees’) negligence or intentional misconduct. 
 (f)
Buyer hereby indemnifies and agrees to protect, defend and hold harmless Sellers and each Seller’s members, employees, licensees, contractors, agents and invitees from and against any and all obligations, losses, injuries, damages, claims,
liens, costs, expenses, demands, liabilities, penalties and investigation costs, including reasonable attorneys’ fees and costs (“Claims”), incurred in connection with or arising directly or indirectly out of Buyer’s and
Buyer’s Agents activities at or with respect to the Property in connection with such due diligence inspections; provided, however, that Buyer shall not be liable to Sellers under the foregoing indemnity for any Claims arising as a result of the
mere discovery by Buyer of a pre-existing condition in or on the Property (but Buyer shall be responsible for any exacerbation of a pre-existing condition resulting from Buyer’s activities) or for Claims to the extent resulting from the
negligence or intentional misconduct of a Seller. This indemnity shall survive the termination or expiration of this Agreement for a period of one (1) year. 

  
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 (g) [Omitted]. 

(h)(1) Each Seller has obtained and delivered to Buyer (i) a Preliminary Report, (ii) copies of the underlying
recorded documents shown as exceptions in the Preliminary Report and (iii) a copy of the existing survey of each Property as follows: (x) in the case of Metropolitan Park — North Tower, the survey prepared by Bush, Roed &
Hitchings, Inc., dated March 14, 2012, as Job No. 2005160.05, consisting of one sheet, (y) in the case of 83 South King and 505 First Street, the survey prepared by Bush, Roed & Hitchings, Inc., dated May 29, 2013, as
Job No. 2000027.10, consisting of two sheets, and (z) in the case of Northview Corporate Center, the survey prepared by Bush, Roed & Hitchings, Inc., dated March 14, 2013, as Job No. 2004073.05, consisting of one sheet
(each an “Existing Survey” and collectively, the “Existing Surveys”). 
 (2) Buyer shall have
until June 7, 2013 (such date, the “Title Exam Deadline”) to notify Sellers, in writing, of such objections as Buyer may have to anything affecting the Land and the Real Property contained in the applicable Preliminary Report or
Existing Survey. Other than any Monetary Obligations (as defined in section 1.2 (h)(3) below), any item contained in a Preliminary Report or any matter shown on an Existing Survey to which Buyer does not object prior to the Title Exam Deadline shall
be deemed a permitted exception (collectively, the “Permitted Exceptions”). In the event Buyer shall notify Sellers of objections to title or to matters shown on the Existing Survey prior to the Title Exam Deadline, the applicable Seller
shall have the right, but not the obligation, to cure such objections. Within three (3) business days after receipt of Buyer’s notice of objections, Sellers shall notify Buyer in writing whether such Seller elects to attempt to cure such
objections. If such Seller elects to attempt to cure, and provided that Buyer shall not have terminated this Agreement in accordance with section 1.2 hereof, such Seller shall have until the date of Closing to attempt to remove, satisfy or cure
the same, and for this purpose such Seller shall be entitled to a reasonable adjournment of the Closing if additional time is reasonably required, but in no event shall the adjournment exceed twenty (20) days after the date for Closing set
forth in section 3.1 hereof. If such Seller elects not to cure any objections specified in Buyer’s notice, or if such Seller is unable to effect a cure prior to the Closing (or any date to which the Closing has been adjourned), Buyer shall
have the following options (which must be exercised within the time set forth in the next sentence): (a) to accept a conveyance of the Property subject to the Permitted Exceptions, specifically including any matter objected to by Buyer but
which such Seller is unwilling or unable to cure, and without reduction of the Purchase Price; or (b) to terminate this Agreement by giving written notice thereof to Sellers, and upon delivery of such notice of termination, this Agreement shall
terminate, the Deposit shall be returned to Buyer, and thereafter neither Sellers nor Buyer shall have any further obligations hereunder. Buyer’s delivery of the Buyer’s Approval Notice described in section 1.2(a) above shall mean that,
with respect to title and survey matters described in this section 1.2(h)(2), Buyer has elected the option described in clause (a) of the immediately preceding sentence. If Sellers notify Buyer that the applicable Seller does not intend to
attempt to cure any title objection or if, having commenced attempts to cure any objection, Sellers later notify Buyer that such Seller will be unable to effect a cure thereof, 

  
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then Buyer shall, within five (5) days after such notice has been given, notify Sellers in writing whether Buyer shall elect to accept the conveyance under clause (a) of this
section 1.2(h) or to terminate this Agreement under clause (b) of this section 1.2(h). 
 (3)
Buyer may, at or prior to Closing, notify Sellers in writing of any objections to title first raised by the Title Company or revealed after the date of this Agreement, or of any other Monetary Obligations (as defined below). If Buyer makes any such
objection, Sellers may, by giving notice to Buyer within five (5) days after Sellers’ receipt of Buyer’s objection notice, elect either to cure such objection or not to cure such objection (provided, however, that Sellers shall be
obligated to cure, at their sole cost and expense, either by removing such item from record or, subject to Buyer’s reasonable approval, otherwise causing the Title Company to remove such item from the list of so-called Schedule B exceptions
(pursuant to escrow or other arrangements reasonably satisfactory to Buyer), all (x) deeds of trusts, mortgages, financing statements, other security instrument or interests, tax (including with respect to any assessments and governmental
charges) liens with respect to delinquent tax payments (or payments that will be delinquent on the Closing Date if not paid on or prior to the Closing Date), mechanics’ liens, materialmen’s liens or similar liens, or other similar
encumbrances on the Property for work performed on the applicable Seller’s behalf, or (y) all encumbrances or restrictions that have been voluntarily placed against the Property by the applicable Seller after the date of this Agreement
(collectively, “Monetary Obligations”)). Sellers shall be deemed to have elected not to remove or cure any such objection unless Sellers elect or are obligated to cure any such objection in accordance with this section 1.2(h)(3). If
Sellers elect or are obligated to cure any such objection, Sellers shall remove the title exception in question on or before the Closing Date in a manner reasonably acceptable to Buyer; provided, however, that if Sellers elect to cure any such
objection, such objection is capable of cure and Sellers need time beyond the Closing Date to do so, then Sellers shall have the right to adjourn the Closing, upon written notice to Buyer, for such amount of time as Sellers reasonably require to
effect such cure (provided, further, however, such adjournment shall not exceed 20 days). If Sellers elect (or are deemed to have elected) not to remove any such objection (excluding any objection which Sellers are obligated to remove in accordance
with this section 1.2(h)(3)), Buyer shall have the right, by giving notice to Sellers within three (3) business days after Buyer’s receipt of Sellers’ election notice (or the expiration of Sellers’ five-day response period if
Sellers do not respond), either to terminate this Agreement, and have the Deposit returned, or to withdraw such objection and accept title to the Property subject to the title or survey matter in question. If Buyer does not exercise the right to
terminate this Agreement in accordance with this section 1.2(h)(3), Buyer shall be deemed to have approved title to the Property subject to the title matter in question and withdrawn such objection. 

(i) Buyer and Sellers acknowledge that each Real Property constitutes “Commercial Real Estate” as defined in RCW
64.06.005. Buyer waives receipt of the seller disclosure statement required under RCW 64.06 for transactions involving the sale of commercial real estate, except for the section entitled “Environmental.” A completed Environmental section
of the seller disclosure statement is attached to this Agreement as Exhibit P (the “Disclosure Statement”). Buyer waives its right to rescind this Agreement under Section 64.06.030. Buyer further acknowledges and agrees that
the Disclosure Statement (a) is for the purpose of disclosure only, (b) will not be considered part of this Agreement, and (c) will not be construed as a representation or warranty of any kind by Sellers. 

  
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 ARTICLE 2 
 Purchase Price 
 2.1 Amount and Payment. 

(a) The aggregate purchase price for the Property (the “Purchase Price”) shall be Three Hundred Eighty Million and No/100
Dollars ($380,000,000.00). 
 (b) Intentionally Omitted. 

(c) At the Closing on the Closing Date, Buyer shall pay the aggregate Purchase Price for the Property to Sellers in cash in immediately
available funds, subject to adjustments as provided in sections 6.3, 8.3 through 8.5. Buyer shall deposit the Purchase Price, less the Deposit and subject to adjustments as provided in sections 8.3 through 8.5, into escrow with
the Title Company on or before 11 A.M. Pacific time on the Closing Date. The Sellers and the Buyer hereby agree that the aggregate Purchase Price shall be allocated among the Property (the “Allocated Asset Value”) for all purposes under
this Agreement, including for federal, state, local and foreign tax purposes in accordance with applicable U.S. federal Tax Law and analogous provisions of foreign, state or local laws, and for the purposes of title insurance. The Sellers and the
Buyer shall file all tax returns and related tax documents consistent with such agreed upon Allocated Asset Values. Specifically, Sellers and Buyer shall agree on the allocated value for the each Property hereunder no later than the expiration of
the Property Approval Period and upon such agreement, Sellers shall update Schedule 2.1 hereto to reflect such agreed-upon allocated value. 
 2.2 Deposit. Buyer has previously deposited Two Million and No/100 Dollars ($2,000,000.00) with Chicago Title Insurance Company (the “Title Company”). Not later than 5:00 p.m. (Pacific
time) on the second (2nd) business day following the
expiration of the Property Approval Period (or on the second (2nd) business day following such earlier date as Buyer may deliver Buyer’s Approval Notice, if applicable), Buyer shall deposit with the Title Company the sum of Eighteen Million and No/100 Dollars
($18,000,000.00) (the “Second Deposit”) in cash in immediately available funds as a deposit under this Agreement. The (i) First Deposit, (ii) when made, the Second Deposit and (iii) if and when made, the Extension Deposit
are referred to in this Agreement as the “Deposit.” The Deposit shall be held by the Title Company (in such capacity, the “Escrow Agent”) in accordance with the terms and conditions of section 9.12 and in an interest-bearing
account designated in writing by Buyer and approved in writing by Sellers. If Sellers and Buyer complete the purchase and sale of the Property in accordance with this Agreement, the Deposit shall be applied to payment of the total purchase price for
the Property in accordance with section 2.1 hereof. If the purchase and sale of the Property is not completed and this Agreement terminates for any reason other than a default by Buyer under or a breach by Buyer of this Agreement, then the Deposit
shall be returned to Buyer upon such termination of this Agreement. If Buyer fails to deliver the Second Deposit to the Escrow Agent within the 

  
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time periods specified above, then this Agreement shall terminate automatically effective as of the date of such failure, the First Deposit shall be deemed earned by Seller and shall be retained
by Seller, and thereafter neither Seller nor Buyer shall have any further obligations hereunder, except for those provisions that expressly survive the termination or expiration of this Agreement. 

2.3 Liquidated Damages. SELLERS AND BUYER AGREE THAT, IF THE PURCHASE AND SALE OF THE PROPERTY IS NOT COMPLETED IN ACCORDANCE
WITH THIS AGREEMENT AND THIS AGREEMENT TERMINATES BECAUSE BUYER DEFAULTS UNDER OR BREACHES THIS AGREEMENT, THEN THE DEPOSIT SHALL BE PAID TO SELLERS UPON TERMINATION OF THIS AGREEMENT, AND SUCH DEPOSIT SHALL BE RETAINED BY SELLERS AS LIQUIDATED
DAMAGES AND AS SELLERS’ SOLE AND EXCLUSIVE REMEDY AT LAW OR IN EQUITY, OTHER THAN SELLERS’ RIGHTS UNDER SECTION 9.2 HEREOF AND UNDER ANY INDEMNIFICATION PROVISIONS THAT SURVIVE TERMINATION OF THIS AGREEMENT BY REASON OF BUYER’S
DEFAULT. SELLERS AND BUYER AGREE THAT, UNDER THE CIRCUMSTANCES EXISTING AS OF THE DATE OF THIS AGREEMENT, ACTUAL DAMAGES MAY BE DIFFICULT TO ASCERTAIN AND THE DEPOSIT IS A REASONABLE ESTIMATE OF THE DAMAGES THAT WILL BE INCURRED BY SELLERS IF BUYER
DEFAULTS UNDER OR BREACHES THIS AGREEMENT AND FAILS TO PURCHASE THE PROPERTY IN ACCORDANCE WITH THIS AGREEMENT. THE PAYMENT OF THE DEPOSIT TO SELLERS AS LIQUIDATED DAMAGES UNDER THE CIRCUMSTANCES PROVIDED FOR HEREIN IS NOT INTENDED AS A FORFEITURE
OR PENALTY, BUT IS INTENDED TO CONSTITUTE LIQUIDATED DAMAGES TO SELLERS. 
  
  

 
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 BY SIGNING BELOW, EACH PARTY SPECIFICALLY CONFIRMS THE ACCURACY OF THE STATEMENTS MADE
ABOVE, THE REASONABLENESS OF THE AMOUNT OF LIQUIDATED DAMAGES AGREED UPON, AND THE FACT THAT EACH PARTY WAS REPRESENTED BY COUNSEL WHO EXPLAINED, AT THE TIME THIS AGREEMENT WAS MADE, THE CONSEQUENCES OF THIS LIQUIDATED DAMAGES PROVISION.

  

									
	SELLERS INITIALS:	 	

	 	BUYER’S INITIALS:	 	

	 	

  
  
  

 
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 ARTICLE 3 
 Completion of Sale 
 3.1 Place and Date. The purchase and sale of
the Property shall be completed in accordance with Article 8 hereof (the “Closing”). The Closing shall occur through escrow No. NCS-160330432 with the Title Company at 455 Market Street, Suite 2100, San Francisco, California 94105,
Attn: Terina J. Kung, Tel: 415-3-291- 5128, Fax: 415.896.9423, Email: kungt@ctt.com (or at such other place as Seller and Buyer agree) on July 12, 2013 (the “Closing Date”). Notwithstanding the foregoing, Buyer shall have the one-time
right to extend the Closing Date to July 26, 2013 by giving irrevocable, written notice of such extension to Sellers not later than 5:00 p.m. San Francisco time on July 8, 2013, and simultaneously delivering to Escrow Agent the sum of Five
Million and No/100 Dollars ($5,000,000.00) as an additional deposit (the “Extension Deposit”). If Buyer fails to deliver the Extension Deposit to the Escrow Agent within the time period specified above, then, Buyer’s exercise of the
foregoing extension right shall be ineffective, and the Closing Date shall not be extended and shall remain July 12, 2013 subject to any other rights the parties may have to extend the Closing Date under this Agreement. Prior to the Closing
Date, Seller and Buyer each shall give appropriate written escrow instructions, consistent with this Agreement, to the Title Company for the Closing in accordance with this Agreement. 

ARTICLE 4 

Title and Condition 
 4.1 Title to the Property. Each Seller shall convey to Buyer fee title to such Seller’s Real Property, by a duly executed and acknowledged Bargain and Sale Deed (the “Deed”) in the
form of Exhibit E attached hereto. 
 4.2 Leases. Each Seller shall assign good title to such Seller’s
interest in the Leases and the Security Deposits to Buyer, and Buyer shall assume said Leases and Security Deposits, by a duly executed Assignment of Leases (the “Assignment of Leases”) in the form of Exhibit F attached hereto.

 4.3 Personal Property. Each Seller shall transfer all of such Seller’s interests in the Personal Property to
Buyer, by a duly executed Bill of Sale (the “Bill of Sale”) in the form of Exhibit G attached hereto, without any warranty or covenant except as herein or therein stated. 

4.4 Contracts. Subject to Buyer’s right to direct each Seller to deliver notice of cancellation of any Contract in accordance
with section 6.1(f), each Seller shall assign all of such Seller’s interests in the Contracts to Buyer, and Buyer shall assume said Contracts, by a duly executed Assignment of Contracts (the “Assignment of Contracts”) in the form of
Exhibit H attached hereto. 

  
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 4.5 Permits. Each Seller shall assign all of such Seller’s interests in the
Permits to Buyer, by a duly executed Assignment of Permits (the “Assignment of Permits”) in the form of Exhibit I attached hereto without any warranty or covenant. 

4.6 Conveyance. Buyer’s acceptance of the Deed from each Seller for such Seller’s Real Property at the Closing on the
Closing Date and the issuance of the Title Policy (defined below) to Buyer by the Title Company on the Closing Date shall conclusively establish that each Seller conveyed such Seller’s Property to Buyer as required by this Agreement and shall
discharge in full such Seller’s obligations under section 4.1 hereof with respect to title to the Real Property. 

4.7 “AS IS” Sale. 
 (a) Prior to the date hereof or during the Property Approval Period: 
 (i) Buyer has or will have conducted all such inspections, investigations, tests, analyses, appraisals and evaluations of the Property (including for Hazardous Materials, as defined below) as Buyer
considers necessary or appropriate (all of such inspections, investigations and reports being herein collectively called the “Investigations”); and 
 (ii) Sellers have or will have made available to Buyer, and otherwise allowed Buyer access to, copies of the Seller Diligence Documents. 

(b) Prior to the date hereof or during the Property Approval Period, Buyer has or will have reviewed, examined, evaluated
and verified all Seller Diligence Documents and the results of the Investigations to the extent it deems necessary or appropriate with the assistance of such experts as Buyer deemed appropriate. Prior to the date hereof or during the Property
Approval Period, Buyer: 
 (i) is or will be familiar with the physical condition of the Property; 

(ii) has or will have completed its due diligence with respect to the Property and the Seller Diligence Documents to its
satisfaction; 
 (iii) is or will be acquiring the Property based exclusively upon its own investigations and
inspections of the Property and the Seller Diligence Documents except for the representations and warranties of Sellers expressly provided herein; 
 (iv) is experienced in the acquisition of real property similar to the Real Property; 
 (v) has been and will continue to be represented by advisors and consultants (including counsel) of its choice in the transaction contemplated by this Agreement; and 

(vi) recognizes the risks of acquiring and owning the Property and that an allocation of risk is intended by this
Agreement. 
 (c) THE PROPERTY IS BEING SOLD, AND BUYER IS ACCEPTING POSSESSION OF THE PROPERTY ON THE CLOSING
DATE, “AS IS, WHERE IS, WITH ALL FAULTS,” WITH NO RIGHT OF SETOFF OR REDUCTION IN THE 

  
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PURCHASE PRICE EXCEPT FOR SELLERS’ EXPRESS REPRESENTATIONS AND WARRANTIES SET FORTH IN THIS AGREEMENT AND OTHER OBLIGATIONS OF SELLERS IN THIS AGREEMENT OR ANY OF THE CLOSING DOCUMENTS THAT
SURVIVE THE CLOSING (HEREIN COLLECTIVELY CALLED THE “SELLERS’ WARRANTIES”). NONE OF THE SELLERS, THEIR COUNSEL OR BROKERS, NOR ANY PARTNER, MEMBER, OFFICER, DIRECTOR, EMPLOYEE, AGENT OR ATTORNEY OF ANY SELLER, ITS COUNSEL OR BROKER
NOR ANY OTHER PARTY RELATED IN ANY WAY TO ANY OF THE FOREGOING (ALL OF WHICH PARTIES ARE HEREIN COLLECTIVELY CALLED THE “SELLER PARTIES”) HAVE OR SHALL BE DEEMED TO HAVE MADE ANY VERBAL OR WRITTEN REPRESENTATIONS, WARRANTIES, PROMISES OR
GUARANTEES (WHETHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE) TO BUYER WITH RESPECT TO THE PROPERTY, ANY MATTER SET FORTH, CONTAINED OR ADDRESSED IN THE DOCUMENTS RELATING TO THE PROPERTY (INCLUDING, BUT NOT LIMITED TO, THE ACCURACY AND COMPLETENESS
THEREOF) OR THE RESULTS OF BUYER’S INVESTIGATIONS OF THE PROPERTY, EXCEPT FOR THE SELLERS’ WARRANTIES. 

(d) BUYER HAS OR WILL HAVE HAD THE OPPORTUNITY TO CONDUCT TESTS AND INSPECTIONS TO CONFIRM INDEPENDENTLY ALL INFORMATION
THAT BUYER CONSIDERS MATERIAL TO ITS PURCHASE OF THE PROPERTY OR THE TRANSACTION CONTEMPLATED BY THIS AGREEMENT. EXCEPT FOR SELLERS’ WARRANTIES, BUYER IS NOT RELYING ON (AND SELLERS AND EACH OF THE OTHER SELLER PARTIES DOES HEREBY
DISCLAIM AND RENOUNCE) ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE WHATSOEVER, WHETHER ORAL OR WRITTEN, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, FROM SELLERS OR ANY OTHER SELLER PARTY, AS TO: (i) THE OPERATION OF THE PROPERTY OR
THE INCOME POTENTIAL, USES, OR MERCHANTABILITY OR FITNESS OR ANY PORTION OF THE PROPERTY FOR A PARTICULAR PURPOSE; (ii) THE PHYSICAL CONDITION WHETHER VISIBLE OR NOT, OF THE PROPERTY OR THE CONDITION OR SAFETY OF THE PROPERTY OR ANY
IMPROVEMENTS THEREON, INCLUDING, BUT NOT LIMITED TO, PLUMBING, SEWER, HEATING, VENTILATING AND AIR CONDITIONING, LIFE SAFETY, BUILDING MANAGEMENT, VERTICAL TRANSPORTATION, AND ELECTRICAL SYSTEMS, ROOFING, AIR CONDITIONING, FOUNDATIONS, SOILS AND
GEOLOGY, INCLUDING HAZARDOUS MATERIALS, LOT SIZE, OR SUITABILITY OF THE PROPERTY OR ANY IMPROVEMENTS THEREON FOR A PARTICULAR PURPOSE; (iii) THE PRESENCE OR ABSENCE, LOCATION OR SCOPE OF ANY HAZARDOUS MATERIALS IN, AT, OR UNDER THE PROPERTY;
(iv) WHETHER THE APPLIANCES, IF ANY, PLUMBING OR UTILITIES ARE IN WORKING ORDER; (v) THE HABITABILITY OR SUITABILITY FOR OCCUPANCY OF ANY STRUCTURE AND THE QUALITY OF ITS CONSTRUCTION; (vi) WHETHER THE IMPROVEMENTS ARE STRUCTURALLY
SOUND, IN GOOD CONDITION, OR IN COMPLIANCE WITH APPLICABLE MUNICIPAL, COUNTY, STATE OR FEDERAL STATUTES, CODES OR ORDINANCES, INCLUDING ZONING LAWS; (vii) THE ACCURACY OF ANY STATEMENTS, CALCULATIONS OR CONDITIONS STATED OR SET FORTH IN THE
SELLERS’ BOOKS AND RECORDS CONCERNING THE 

  
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PROPERTY OR SET FORTH IN ANY OF SELLERS’ OFFERING MATERIALS WITH RESPECT TO THE PROPERTY; (viii) THE DIMENSIONS OF THE PROPERTY OR THE ACCURACY OF ANY FLOOR PLANS, SQUARE FOOTAGE, LEASE
ABSTRACTS, SKETCHES, REVENUE OR EXPENSE PROJECTIONS RELATED TO THE PROPERTY; (ix) THE OPERATING PERFORMANCE, THE INCOME AND EXPENSES OF THE PROPERTY OR THE ECONOMIC STATUS OF THE PROPERTY; (x) THE ABILITY OF BUYER TO OBTAIN ANY AND ALL
NECESSARY GOVERNMENTAL APPROVALS OR PERMITS FOR BUYER’S INTENDED USE AND DEVELOPMENT OF THE PROPERTY; (xi) THE LEASING STATUS OF THE PROPERTY OR THE INTENTIONS OF ANY PARTIES WITH RESPECT TO THE NEGOTIATION AND/OR EXECUTION OF ANY LEASE
FOR ANY PORTION OF THE PROPERTY; AND (xii) SELLERS’ OWNERSHIP OF ANY PORTION OF THE PROPERTY. 
 (e)
EXCEPT FOR THE SELLERS’ WARRANTIES, BUYER, FOR BUYER AND BUYER’S SUCCESSORS AND ASSIGNS, HEREBY RELEASES SELLERS AND SELLER PARTIES, AND THEIR SUCCESSORS AND ASSIGNS FROM, AND WAIVES ALL CLAIMS AND LIABILITY, INCLUDING ENVIRONMENTAL
LIABILITY (DEFINED BELOW), AGAINST SELLERS AND SELLER PARTIES, AND THEIR SUCCESSORS AND ASSIGNS FOR OR ATTRIBUTABLE TO THE FOLLOWING: 
 (i) ANY AND ALL STATEMENTS OR OPINIONS HERETOFORE OR HEREAFTER MADE, OR INFORMATION FURNISHED, BY THEM TO BUYER OR ITS AGENTS OR REPRESENTATIVES, AND 

(ii) ANY STRUCTURAL, PHYSICAL OR ENVIRONMENTAL CONDITION AT THE PROPERTY, INCLUDING, WITHOUT LIMITATION, CLAIMS OR
LIABILITIES RELATING TO THE PRESENCE, DISCOVERY OR REMOVAL OF ANY HAZARDOUS MATERIALS IN, AT, ABOUT OR UNDER THE PROPERTY, OR FOR, CONNECTED WITH OR ARISING OUT OF ANY AND ALL CLAIMS OR CAUSES OF ACTION BASED UPON ENVIRONMENTAL LAW. 

(f) EXCEPT FOR THE SELLERS’ WARRANTIES, AFTER CLOSING, AS BETWEEN BUYER AND SELLERS, THE RISK OF LIABILITY OR EXPENSE
FOR ENVIRONMENTAL LIABILITIES, EVEN IF ARISING FROM EVENTS BEFORE CLOSING, WILL BE THE SOLE RESPONSIBILITY OF BUYER (AS BETWEEN BUYER AND SELLER, PROVIDED BUYER DOES NOT INDEMNIFY SELLER AGAINST THE SAME AS SET FORTH BELOW), REGARDLESS OF WHETHER
THE ENVIRONMENTAL LIABILITIES WERE KNOWN OR UNKNOWN AT CLOSING. ONCE CLOSING HAS OCCURRED, EXCEPT FOR THE SELLERS’ WARRANTIES, BUYER RELEASES (BUT DOES NOT INDEMNIFY) SELLERS FROM LIABILITY FOR ANY LATENT DEFECTS AND FROM ANY LIABILITY FOR
ENVIRONMENTAL LIABILITIES AFFECTING THE PROPERTY, INCLUDING LIABILITY UNDER THE COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION, AND LIABILITY ACT, THE RESOURCE CONSERVATION AND RECOVERY ACT, AND ANY OTHER ENVIRONMENTAL LAWS. EXCEPT FOR THE
SELLERS’ WARRANTIES, BUYER RELEASES (BUT DOES NOT INDEMNIFY) SELLERS FROM ANY LIABILITY FOR ENVIRONMENTAL LIABILITIES AFFECTING THE PROPERTY ARISING AS THE RESULT OF ANY SELLER’S OWN NEGLIGENCE OR THE

  
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NEGLIGENCE OF ANY SELLER’S REPRESENTATIVES. EXCEPT FOR THE SELLERS’ WARRANTIES, BUYER RELEASES SELLERS FROM ANY LIABILITY FOR ENVIRONMENTAL LIABILITIES AFFECTING THE PROPERTY ARISING AS
THE RESULT OF THEORIES OF PRODUCTS LIABILITY AND STRICT LIABILITY, OR UNDER NEW LAWS OR CHANGES TO EXISTING LAWS ENACTED AFTER THE DATE OF THIS AGREEMENT THAT WOULD OTHERWISE IMPOSE ON SELLERS IN THIS TYPE OF TRANSACTION NEW LIABILITIES FOR
ENVIRONMENTAL LIABILITIES AFFECTING THE PROPERTY. 
 (g) As used herein “Environmental Law” means any
international, federal, state, local or foreign statute, law, ordinance, regulation, rule, code, order, consent decree or judgment, and any permits, approvals, licenses, registrations, filings and authorizations, in each case in existence as of the
Closing Date, relating to pollution or protection of the environment, the impact of Hazardous Materials on property, health or safety or the use or release of Hazardous Materials, including, in each case, those listed in section 4.7(f) above. As
used herein “Environmental Liability” means any claim, demand, order, suit, obligation, liability, cost (including, without limitation, the cost of any investigation, testing, compliance or remedial action), consequential damages, loss or
expense (including attorneys’ and consultants’ fees and expenses) arising out of, relating to or resulting from any Environmental Law, the presence, use or release of any Hazardous Materials or environmental, health or safety matter or
condition, including natural resources, and related in any way to the Property or to this Agreement or its subject matter, in each case, whether arising or incurred before, on or after the Closing Date. As used herein “Hazardous Materials”
means (i) any petroleum, petroleum products, by-products or breakdown products, radioactive materials, urea formaldehyde foam insulation, lead-based paint, asbestos-containing materials or polychlorinated biphenyls or (ii) any chemical,
material or substance defined or regulated as toxic or hazardous or as a pollutant, contaminant or waste, or words of similar import, under any Environmental Law. 

(h) This section 4.7 shall survive the Closing. 

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 4.8 Buyer’s Release. Except as otherwise expressly set forth in this Agreement,
Buyer hereby releases Sellers and their employees, officers, directors, representatives, contractors and agents from all claims, demands, causes of action, losses, damages, liabilities, costs and expenses (including, but not limited to, reasonable
attorneys’ fees and disbursements, whether suit is instituted or not) which Buyer has or may have arising from or related to any matter or thing in connection with the Property, including, without limitation, any documents provided by Sellers,
any construction defects, errors or omissions in the design or construction of the Property and any environmental conditions affecting the Property (including the presence or suspected presence of Hazardous Materials on, in, under or about the
Property), and Buyer shall not look to Sellers in connection with the foregoing for any redress or relief. Buyer further acknowledges and agrees that this release will be given full force and effect according to each of its expressed terms and
provisions, including, but not limited to, those relating to unknown and suspected claims, damages and causes of action. 
  

 
  
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 ARTICLE 5 
 Representations and Warranties 
 5.1 Seller. The representations and
warranties of Sellers in this section 5.1, in the closing documents to be delivered by it hereunder and in each Seller’s Closing Certificate (as hereinafter defined) are a material inducement for Buyer to enter into this Agreement. Buyer would
not purchase the Property from any Seller such Seller’s Property without such representations and warranties of such Seller. The representations and warranties in this section 5.1 and in each Seller’s Closing Certificate shall survive the
Closing for only nine (9) months after the Closing Date (as applicable, the “Survival Period”), at which time such representations and warranties shall terminate, except as to claims of breach of such representations and warranties
delivered to such Seller prior thereto. Each Seller represents and warrants to Buyer as of the date of this Agreement with respect only to itself and its Property as follows: 

(a) Seller is a limited liability company duly formed, validly existing and in good standing under the laws of the State
of Delaware. Seller is qualified to do business and is in good standing in the State of Washington. Seller has full power and authority to enter into this Agreement and to perform this Agreement and each closing document to be delivered by it
hereunder. The execution, delivery and performance of this Agreement and each closing document by Seller have been duly and validly authorized by all necessary action on the part of Seller, and all required consents or approvals have been duly
obtained. Each of this Agreement and the closing documents is a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, subject to the effect of applicable bankruptcy, insolvency, reorganization,
arrangement, moratorium or other similar laws affecting the rights of creditors generally. The execution, delivery and performance by Seller of this Agreement and each closing document will not conflict with or result in any violation of
Seller’s organizational documents, conflict with or result in any violation of any provision of any contract to which Seller is a party, or by which Seller’s Property is bound, or violate any existing term or provision of any order, writ,
judgment, injunction, decree, statute, law, rule, or regulation applicable to Seller or its assets. 
 (b) The
Leases applicable to Seller’s Real Property are accurately described in the Lease List for Seller’s Property. The Leases applicable to Seller’s Real Property are in full force and effect and have not been amended, modified or waived
except as shown in the Lease List. Other than the Leases, Seller is not currently a party to any other leases, licenses or other similar occupancy agreements with respect to the leasing or occupancy of the Property. The security deposits held by (or
other security or credit enhancements benefitting) Seller under the Leases applicable to Seller’s Real Property are correctly set forth in Exhibit J attached hereto (including the designation of the type of enhancement of each,
e.g., cash security deposit, letter of credit) and Seller is holding the amount required to be held by it under the applicable Lease, and except as set forth in Exhibit J, has not withdrawn or taken any amount of the security deposit or drawn
against any other security or credit enhancements. Seller has not received written notice that it is in default in the performance of any material covenant to be performed by the landlord under the Leases applicable to Seller’s Real Property or
that any tenant has any material claims or offsets against Seller pursuant to the Leases applicable to Seller’s Real Property. Seller has not given written notice of a default on the part of any

  
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tenant under its Lease applicable to Seller’s Real Property that has not been cured. To Seller’s knowledge, there are no events that have occurred which, with the passage of time or the
giving of notice or both, would cause an event of default by landlord or any tenant under the Leases. Seller has provided Buyer with true, accurate and complete copies of the Leases in Seller’s possession applicable to Seller’s Real
Property as the same are currently in effect. Except as set forth on Schedule 5.1(b), Seller has not received written notice from a tenant (i) exercising its audit right under its Lease, which audit has not been completed, or
(ii) making a claim pursuant to any such audit that has not been fully resolved and settled with the applicable tenant. 
 (c) The Contracts applicable to Seller’s Real Property are accurately described on Exhibit D attached hereto. The list of Contracts applicable to Seller’s Real Property on Exhibit
D is a complete and accurate list of all the contracts, agreements, warranties and guaranties affecting the Seller’s Real Property or any portion thereof. Other than the Contracts, there are no contracts or agreements to which Seller is a
party or by which it is bound relating to construction, architectural services, parking, maintenance or other supplies or services, management, leasing or brokerage services, or any equipment leases, that are currently in effect and will be in
effect after Closing. The Contracts applicable to Seller’s Real Property have not been amended, modified or waived except as shown on Exhibit D. To Seller’s knowledge, Seller has not received written notice that it is in default in
the performance of any material covenant to be performed by Seller under the Contracts applicable to Seller’s Real Property. To Seller’s knowledge, there is no material default on the part of any counterparty under its Contract applicable
to Seller’s Real Property. To Seller’s knowledge, Seller has provided Buyer with true, accurate and complete copies of the Contracts in Seller’s possession applicable to Seller’s Real Property as the same are currently in effect.

 (d) To Seller’s knowledge, no underground storage tanks of any kind are located in, on or under
Seller’s Real Property. Except as set forth in any other environmental reports provided to Buyer or as otherwise disclosed in the Seller Diligence Documents, to Seller’s knowledge, Seller has not received written notice that Seller or
Seller’s Property currently is in violation of any Environmental Laws. 
 (e) Except as set forth on
Schedule 5.1, Seller has received no written notice, and has no knowledge, that there is any litigation, arbitration or other legal or administrative suit, action or proceeding pending or threatened against Seller or relating to Seller’s Real
Property or any part thereof. Seller has received no written notice, and otherwise has no knowledge, that there is any general plan, land use or zoning action or proceeding, or general or special assessment action or proceeding, or condemnation or
eminent domain action or proceeding pending or threatened with respect to Seller’s Real Property or any part thereof. Seller has not filed or been the subject of any filing of a petition under any federal or state bankruptcy or insolvency laws
or for the reorganization of debtors. 
 (f) Seller has received no written notice that Seller’s Property or
the current use and operation thereof violate any applicable federal, state or municipal law, statute, code, ordinance, rule or regulation, except with respect to such violations as have been fully cured,

  
 17 

 
prior to the date hereof, and otherwise Seller has no knowledge, that Seller’s Property or the current use and operation thereof violate any applicable federal, state or municipal law,
statute, code, ordinance, rule or regulation in any material respect, except with respect to such violations as have been fully cured, prior to the date hereof. Except as set forth on Schedule 5.1(f), there are no tax appeals currently pending with
respect to any of the Seller’s Real Property 
 (g) Other than as set forth on Exhibit 5.1(g)(1)
hereto, there are no tenant improvement, free rent or other unexpired and/or outstanding obligations in the nature of tenant inducements or monetary concessions under any of the Leases applicable to Seller’s Real Property. Other than as set
forth on Exhibit 5.1(g)(1), all brokerage and similar fees which are currently due with respect to any Lease applicable to Seller’s Real Property, or which otherwise are to be paid in connection with respect to the current terms of
the Leases, have been paid in full. 
 (h) Seller is not a “foreign person” as defined in
Section 1445 of the Internal Revenue Code of 1986, as amended, and the Income Tax Regulations thereunder. 

(i) Except for Eastdil Secured (“Broker”), no Seller or any of its officers, directors or employees, to the
extent applicable, has employed or made any agreement with any broker, finder or similar agent or any person or firm which will result in the obligation of Buyer or any of its affiliates to pay any finder’s fee, brokerage fees or commissions or
similar payment in connection with transactions contemplated by this Agreement. Notwithstanding anything to the contrary contained herein, the foregoing representation shall survive the Closing for a period of twelve (12) months. 

(j) Seller and, to Seller’s actual knowledge, each person or entity owning an interest in Seller is (i) not
currently identified on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Assets Control, Department of the Treasury (“OFAC”) and/or on any other similar list maintained by OFAC pursuant to any
authorizing statute, executive order or regulation, and (ii) not a person or entity with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction, or other prohibition of United States
law, regulation, or Executive Order of the President of the United States, and (iii) not an “Embargoed Person.” To Seller’s actual knowledge, none of the funds or other assets of Seller constitute property of, or are beneficially
owned, directly or indirectly, by any Embargoed Person (as hereinafter defined), and no Embargoed Person has any interest of any nature whatsoever in Seller (whether directly or indirectly). The term “Embargoed Person” means any person,
entity or government subject to trade restrictions under U.S. law, including but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. §1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and any
Executive Orders or regulations promulgated thereunder. 
 (k) Seller has no knowledge of, and neither Seller nor
its affiliates has granted to any party, any purchase rights with respect to the Property (except for Buyer as set forth in this Agreement). 

  
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 (l) The Seller Diligence Documents are the documents that Seller uses in the
day-to-day operation and management of the Property. 
 (m) Seller has not received written notice that it is in
default in the performance of any material covenant to be performed by the Seller under that certain Declaration of Protective Covenants, Conditions, Easements and restrictions for Quadrant I-5 Center dated February 22, 1991, recorded on
February 25, 1991 in the official records of Snohomish County, Washington as document number 9102250309, as amended by that certain Clarification of Recorded Document dated April 20, 1992, recorded on April 24, 1992 in the official
records of Snohomish County, Washington as document number 9204230640 and that certain Agreement of Merger and Surrender of Declarant Authority dated June 18, 1992, recorded on June 25, 1992 in the official records of Snohomish County,
Washington as document number 9206250231 (collectively, the “Declaration”) applicable to Seller’s Real Property. The applicable Seller has not given written notice of a default on the part of the Association under the Declaration that
has not been cured. To Seller’s knowledge, there are no events that have occurred which, with the passage of time or the giving of notice or both, would cause an event of default by Seller or the Association under the Declaration. Seller has
not received written notice that it is in default in the performance of any material covenant to be performed by the Seller under the “Parking Agreements,” as that term is defined in Section 6.1(d) below, applicable to Seller’s
Real Property. The applicable Seller has not given written notice of a default on the part of the “Met East” and “Met West,” as each of those terms is defined in Section 6.1(d) below, under the Parking Agreements that has
not been cured. To Seller’s knowledge, there are no events that have occurred which, with the passage of time or the giving of notice or both, would cause an event of default by Seller, Met East or Met West under the Parking Agreements. The
representations and warranties in this sub-clause (n) shall be of no further force or effect to the extent statements in the “Association Estoppel Certificate” and/or the “Parking Estoppel Certificate,” as each of those
terms is defined in Section 6.1(d) below, as applicable, independently confirms or otherwise verifies without qualification any factual component of the representations and warranties set forth in this sub-clause (n). 

As used in this Agreement, “to Seller’s knowledge,” “to the knowledge of Seller” and similar phrases shall mean to the current
actual knowledge of Peter Kahn only, without investigation. 
 5.2 Buyer. The representations and warranties of Buyer in
this section 5.2, in the closing documents to be delivered by it hereunder and in Buyer’s Closing Certificate (as hereinafter defined) are a material inducement for Seller to enter into this Agreement. Seller would not sell the Property to
Buyer without such representations and warranties of Buyer. Buyer represents and warrants to Seller as of the date of this Agreement (except where another date is specified below) as follows: 

(a) Buyer is a limited partnership duly formed and validly existing under the laws of the State of Maryland. Buyer as of
the date of Closing will be duly qualified to do business and be in good standing in the State of Washington. Buyer has full power and authority to 

  
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enter into this Agreement and each closing document to be delivered by it hereunder and to perform this Agreement and each closing document. The execution, delivery and performance of this
Agreement and each closing document by Buyer have been duly and validly authorized by all necessary action on the part of Buyer and all required consents or approvals have been duly obtained. Each of this Agreement and the closing documents is a
legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject to the effect of applicable bankruptcy, insolvency, reorganization, arrangement, moratorium or other similar laws affecting the rights of
creditors generally. The execution, delivery and performance of this Agreement and each closing document will not conflict with or result in any violation of Buyer’s organizational documents, conflict with or result in any violation of any
provision of any material contract to which Buyer is a party or violate any existing term or provision of any order, writ, judgment, injunction, decree, statute, law, rule or regulation applicable to Buyer or its assets. 

(b) Except for Broker, neither Buyer nor any of its officers, directors or employees, to the extent applicable, has
employed or made any agreement with any broker, finder or similar agent or any person or firm which will result in the obligation of any Seller or any of its respective affiliates to pay any finder’s fee, brokerage fees or commissions or
similar payment in connection with transactions contemplated by this Agreement. 
 (c) Buyer and, to Buyer’s
actual knowledge, each person or entity owning an interest in Buyer is (i) not currently identified on the Specially Designated Nationals and Blocked Persons List maintained by OFAC and/or on any other similar list maintained by OFAC pursuant
to any authorizing statute, executive order or regulation, and (ii) not a person or entity with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction, or other prohibition of United
States law, regulation, or Executive Order of the President of the United States, and (iii) not an Embargoed Person. To Buyer’s actual knowledge, none of the funds or other assets of Buyer constitute property of, or are beneficially owned,
directly or indirectly, by any Embargoed Person, and no Embargoed Person has any interest of any nature whatsoever in Buyer (whether directly or indirectly). Notwithstanding anything contained herein to the contrary, the term “person or entity
owning an interest in Buyer” shall not include (x) any shareholder of Hudson Pacific Properties, Inc., (y) any holder of a direct or indirect interest in a publicly traded company whose shares are listed and traded on a United States
national stock exchange or (z) any limited partner, unit holder or shareholder owning any interest in Hudson Pacific Properties, L.P. or the holder of any direct or indirect interest in Hudson Pacific Properties, L.P. 

(d) intentionally omitted. 
 As used in this Agreement, “to Buyer’s knowledge,” “to the knowledge of Buyer” and similar phrases shall mean to the current actual knowledge of Alex Vouvalides only, without
investigation. 

  
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 ARTICLE 6 
 Covenants 
 6.1 Seller. Sellers covenant and agree with Buyer as
follows: 
 (a) In connection with section 7.2(b), at the Closing on the Closing Date, each Seller shall execute
and deliver to Buyer a Seller’s Closing Certificate (“Seller’s Closing Certificate”) in the form of Exhibit K attached hereto, certifying to Buyer that all representations and warranties made by such Seller set forth
in section 5.1 are true and correct on and as of the Closing Date, with only such exceptions therein as are necessary to reflect facts or circumstances arising between the date of this Agreement and the Closing Date that would make any such
representation or warranty untrue or incorrect on and as of the Closing Date. 
 (b) During the period from and
after the expiration of the Property Approval Period to the Closing Date, no Seller shall execute any additional lease or contracts affecting such Seller’s Real Property or amend, modify, renew, extend or terminate any of the Leases applicable
to such Seller’s Real Property, the Contracts or the Permits applicable to such Seller’s Real Property in any material respect without the prior approval of Buyer, which approval may be withheld in Buyer’s sole and absolute
discretion, unless such Seller is contractually obligated as of the date hereof (or pursuant to an amendment approved in accordance with the terms hereof) to take such action under the terms of any such Lease, Contract or Permit applicable to such
Seller’s Real Property (in which case Buyer’s consent shall not be required) and except for Contracts with third parties on market and otherwise commercially reasonable terms that can be terminated without penalty on no more than thirty
(30) days’ prior notice (in which case Buyer’s consent shall not be required); provided, however, that Buyer’s consent to any of the foregoing shall be deemed given if such Seller does not receive from Buyer its written approval
or disapproval, as the case may be, of any such lease, contract, amendment, modification, renewal, extension or termination, as applicable, within five (5) business days after Buyer has received from such Seller a request for written approval
of the same, together with all material terms thereof and, without limitation, with respect to a proposed lease, a schedule listing the tenant improvement costs, leasing commissions and other costs, if any, associated therewith. If Buyer timely
disapproves, then such Seller shall not enter into the applicable document. Buyer shall be responsible for all tenant improvement costs, leasing commissions and other costs associated with any new leases entered into between the expiration of the
Property Approval Period and the Closing Date in accordance with this section 6.1(b); provided, however, that Seller shall be responsible for the re-leasing costs for tenant improvements and leasing commissions with respect to the Lion New Media
premises (“Lion New Media Leasing Costs”) in the amount set forth on Schedule 5.1(g)(1) attached hereto or, if such Lion New Media Costs are agreed to in writing between Seller and Lion New Media prior to the Closing, then the actual
amount of such agreed upon Lion New Media Costs (and shall provide Buyer with a credit against the Purchase Price at Closing in the amount of such Lion New Media Costs). Copies of any documents entered into in accordance with this subsection shall
be delivered to Buyer promptly upon execution. In addition, Seller shall use commercially reasonable efforts to obtain, on or before the Closing Date, the signatures of existing tenants EMC and 24-Hour

  
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Fitness as follows (i) with respect to EMC, its signature to the form of lease amendment that Seller previously provided to Buyer without material modification thereto and (ii) with
respect to 24-Hour Fitness, its signature to the lease amendment, in such form as Seller provides to Buyer prior to the expiration of the Property Approval Period (the “24-Hour Fitness Amendment”), without material modification thereto,
and Seller shall be responsible for all re-leasing costs for tenant improvements costs, leasing commissions and free rent under each such lease amendment (collectively, the “EMC and 24-Hour Leasing Costs”) in the amount set forth on
Schedule 5.1(g)(1) attached hereto (or the actual EMC and 24-Hour Leasing Costs as determined by the parties prior to Closing). Between the date of this Agreement and the Closing Date, each Seller shall manage, operate, maintain and repair such
Seller’s Real Property and Personal Property in the ordinary course of business in accordance with sound property management practice, keep such Seller’s Real Property and Personal Property in good repair and working order and sound
condition, promptly give Buyer copies of written notices received by such Seller asserting any breach or default under the Leases or the Contracts or any violation of the Permits or any covenants, conditions, restrictions, laws, statutes, rules,
regulations or ordinances applicable to such Seller’s Real Property or Personal Property, and perform when due such Seller’s obligations under the Leases, the Contracts and the Permits applicable to such Seller’s Real Property in
accordance with such Leases, the Contracts and the Permits and all applicable laws. Between the date of this Agreement and the Closing Date, no Seller shall willfully violate in any material respect any laws applicable to such Seller’s Property
or the use or operation thereof. Between the date of this Agreement and the Closing Date, no Seller shall make, authorize or agree to make any capital improvements or other capital expenditures, other than (i) emergency capital improvements or
expenditures (provided that the applicable Seller shall have given Buyer reasonable advance notice of the same to the extent possible and, in any event, prompt notice of the same if advance notice is not possible), (ii) tenant improvements
committed to prior to the expiration of the Property Approval Period or in connection with a new Lease approved in accordance with this Agreement and, in each case, performed in accordance with the terms of this Agreement and the Leases applicable
to such Seller’s Real Property, and (iii) the ongoing lobby renovations at Metropolitan Park – North Tower. Between the date of this Agreement and the Closing Date, each Seller shall keep or cause to be kept in force property
insurance covering all buildings, structures, improvements, machinery, fixtures and equipment included in such Seller’s Real Property insuring against risks of physical loss or damage, subject to standard exclusions, with such policy limits as
Seller determines is prudent in the exercise of sound property management practices. 
 (c) Each Seller shall
indemnify and defend Buyer, its affiliates, and their respective officers, employees, directors, trustees, partners, direct or indirect members and agents, and the permitted successors and assigns of any of the foregoing (collectively, the
“Buyer Indemnitees”) against and hold the Buyer Indemnitees harmless from all claims, actions, proceedings, demands, liabilities, losses, damages, costs and expenses, including reasonable attorneys’ fees and disbursements, that may be
suffered or incurred by any Buyer Indemnitee if any representation or warranty made by such Seller in section 5.1 hereof, in any closing document executed by such Seller or in such Seller’s Closing Certificate was untrue or incorrect in
any respect when made or that may be caused by, result from or relate to any breach by such Seller of any such representation or warranty. If a Seller learns that any representation or warranty made by such Seller hereunder has become untrue or was
untrue 

  
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when made, then such Seller shall give prompt notice of the same to Buyer. Such notice shall include whether such Seller is electing to take any action available to such Seller that such Seller
deems appropriate to allow such Seller to make true the representation or warranty or otherwise cure the problem with the representation or warranty, in which case, if the same is capable of being made true or cured, such Seller shall have the right
to postpone the Closing Date for up to fifteen (15) days, including, without limitation, in order to allow additional time for such Seller to take any action available to such Seller that such Seller deems appropriate to allow such Seller to
deliver Seller’s Closing Certificate in accordance with the requirements of section 7.2(b) below. If requested, Buyer shall cooperate in good faith with such Seller in connection therewith (provided that Buyer shall not be required to accept
any exception to such Seller’s Closing Certificate not required by section 7.2(b)). If such Seller does not include in its notice such Seller’s intent to take action or if such Seller is unable to make the representation or warranty true
or otherwise cure the problem therewith within the allowed time period, then Buyer shall thereafter have the option, by providing notice to such Seller (within five (5) business days after the date of (x) such Seller’s notice to Buyer
if such Seller does not, in such notice, elect to take action or (y) the expiration of the allowed time period if, in such notice, such Seller elects to take action but cannot cure) of Buyer’s election either (i) to terminate this
Agreement effective upon the date of Buyer’s notice, in which case the Deposit shall be returned to Buyer, and, if such termination is effective after the expiration of the Property Approval Period, then Buyer shall receive reimbursement from
Seller for Buyer’s actual out-of-pocket due diligence and legal and consultant costs and expenses incurred in connection herewith in an amount not to exceed two hundred fifty thousand dollars ($250,000), as documented by copies of invoices,
which Buyer shall include in its notice to Seller, or (ii) to proceed with its purchase of the Property notwithstanding such untrue representation or warranty, in which case Buyer shall have irrevocably waived any of rights with respect to the
untruthfulness of the representation or warranty in question. For the purposes of the foregoing, “material” shall mean any matter or matters that relates to any of the representations or warranties made in paragraphs (a), (h), (j), and
(m) of section 5.1 or that otherwise, individually or in the aggregate, could reasonably be expected to result in damages of and/or decrease the value of such Seller’s Property by four million dollars ($4,000,000) or more. Notwithstanding
the foregoing, Buyer shall not have the right to enforce any claim, nor shall any Seller be liable in any way to Buyer, for a breach of a representation or warranty of any Seller if the breach in question results from or is based on a condition,
state of facts or other matter of which Buyer had actual knowledge. Furthermore, no Seller shall have liability to Buyer for a breach of any representation or warranty made by such Seller under section 5.1 hereof or in such Seller’s
Closing Certificate unless written notice containing a description of the specific nature of such breach has been given by Buyer to such Seller prior to the expiration of the Survival Period and Buyer shall have commenced an action against such
Seller with respect to such breach no later than thirty (30) days following the expiration of the Survival Period and the amount of damage suffered by Buyer as a result of such breach, when aggregated with any other breach by Seller, is at
least two hundred thousand dollars ($200,000) with respect to a breach of representation and warranty of any individual Seller, and four hundred thousand dollars ($400,000) in the aggregate for all Sellers; provided, however, that: (i) in no
event shall any individual Seller’s liability with respect to the breach of such Seller’s representations or warranties hereunder exceed three million dollars ($3,000,000), subject to the aggregate cap in the immediately following clause
(clause “(ii)”) and (ii) in no event shall the aggregate liability of all of the Sellers hereunder with respect to 

  
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the breach of Sellers’ representations or warranties hereunder exceed six million dollars ($6,000,000) in the aggregate. No Seller shall be liable for any breaches of representations or
warranties of any other Seller or for any default by any other Seller under this Agreement. At all times during the Survival Period, each Seller shall maintain net assets in the amount of three million dollars ($3,000,000). If Buyer makes a claim
against a Seller pursuant to this section 6.1(c), then during the pendency of any such claim against such Seller, such Seller shall maintain net assets in the amount of three million dollars ($3,000,000). 

(d) Each Seller shall use reasonable efforts to obtain an Estoppel Certificate (the “Estoppel Certificate”)
substantially in the form of Exhibit L attached hereto, or in the form attached to or required under the applicable Lease for those Tenants listed on Schedule 6.1(d)(1) attached hereto, executed by each Tenant under the Leases listed on
Schedule 6.1(d) hereto and to deliver all such Estoppel Certificates to Buyer before the Closing Date in accordance with section 7.2(e) below. With respect to the Tenants under the Leases listed on Schedule 6.1(d)(1) hereto, with the exception of
Amazon Corporate LLC, Seller agrees to request such Tenants in their respective Estoppel Certificates to certify the current monthly amounts of base rent and additional rent payable under each such Tenant’s Lease even though such certification
is not contained in the form of estoppel certificate attached to the Tenants’ Leases; provided that Buyer hereby agrees that the lack of such foregoing certification in any such foregoing Estoppel Certificate shall not be a basis for
Buyer’s disapproval of the same. Seller shall use commercially reasonable efforts (but shall not be obligated to compensate the Association in connection therewith) to obtain an estoppel certificate (the “Association Estoppel
Certificate”) from the Quadrant I-5 Center Owners Association (the “Association”), executed by an authorized signatory of the Association, on behalf of the Quadrant I-5 Center Owners Association that is substantially in the form of
Exhibit L-1 attached hereto; provided, however, that Buyer acknowledges that the Association is not obligated to provide an estoppel. With respect to that certain (i) Parking Easement Agreement between Met Park North IV, L.L.C., a
Delaware limited liability company (“Met North”), Met Park East IV, L.L.C., a Delaware limited liability company (“Met East”), and Met Park West IV, L.L.C., a Delaware limited liability company (“Met West”) dated as of
October 20, 2005, as recorded in the official records of King County, Washington on October 20, 2005 as document number 20051020001631; as amended by that certain First Amendment to Parking Easement Agreement between Met North, Met East
and Met West dated as of March 28, 2006, as recorded in the official records of King County, Washington on April 21, 2008 as document number 20080421002126, and (ii) Covenant Regarding Parking executed by Met North dated as of
March 28, 2006, as recorded in the official records of King County, Washington on March 28, 2006 as document number 20060328002381 (collectively, the “Parking Agreements”), Seller shall use commercially reasonable efforts (but
shall not be obligated to compensate the Parking Grantees in connection therewith) to obtain an estoppel certificate (the “Parking Estoppel Certificate”) from Met East and Met West (together, the “Parking Grantees”) with respect
to the Parking Agreements, executed by the respective authorized signatories of the Parking Grantees, on behalf of the respective Parking Grantee, that is substantially in the form of Exhibit L-2 attached hereto. Each Seller shall prepare the
applicable Estoppel Certificates, the Association Estoppel Certificate and the Parking Estoppel Certificate and deliver the completed forms for Buyer’s review prior to distribution of the same to the applicable recipients. Thereafter, each
Seller shall deliver to Buyer drafts of any Estoppel Certificate, the Association Estoppel Certificate and the Parking Estoppel 

  
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Certificate received by such Seller promptly after such Seller’s receipt thereof. Buyer shall (A) review and provide comments to the initial drafts of the Estoppel Certificates, the
Association Estoppel Certificate and the Parking Estoppel Certificate, and (B) review and approve or disapprove any Tenant changes to the Estoppel Certificates, any Association changes to the Association Estoppel Certificate, or any Parking
Grantee changes to the Parking Estoppel Certificate, each within three (3) Business Days following receipt of same, and Buyer shall be deemed to have received an estoppel certificate for such review, comment and/or approval as of the date on
which the applicable estoppel certificate is emailed to Alex Vouvalides (at the following email address: alex@hudsonppi.com) and Crystal Lofing (at the following email address: clofing@allenmatkins.com) if the applicable estoppel certificate
is sent by email no later than 3:00 pm Pacific time. 
 (e) Sellers shall pay the commission due Broker in
accordance with the separate written agreement between Sellers and Broker. Sellers agrees that they will protect, indemnify, defend and hold the Buyer free and harmless from and against any and all loss, liability, cost, damage and expense
(including reasonable attorneys’ fees) in connection with any claim for brokerage commissions or other fees by the Broker related to the transactions contemplated hereby, whether or not such transactions are consummated in accordance with this
agreements. Sellers’ obligations in this section 6.1(e) shall survive the termination of this Agreement and the Closing indefinitely. 
 (f) On or prior to the Closing, each Seller shall give notices to cancel each of the Contracts applicable to such Seller’s Real Property listed in a written notice delivered to such Seller by Buyer
no later than the expiration of the Property Approval Period. Buyer acknowledges that Contracts require not less than thirty (30) days advance notice of cancellation, and therefore, some or all of the requested contracts may remain effective
following the Closing Date, in which case such Seller shall assign such contracts to Buyer at Closing. 
 6.2 Buyer.
Buyer covenants and agrees with Seller as follows: 
 (a) At the Closing on the Closing Date, Buyer shall execute
and deliver to Sellers a Buyer’s Closing Certificate (“Buyer’s Closing Certificate”) in the form of Exhibit M attached hereto, certifying to Sellers that all such representations and warranties are true and correct on
and as of the Closing Date, with only such exceptions therein as are necessary to reflect facts or circumstances arising between the date of this Agreement and the Closing Date that would make any such representation or warranty untrue or incorrect
on and as of the Closing Date. 
 (b) Buyer shall indemnify and defend Sellers, their affiliates, and their
respective officers, employees, directors, trustees, partners, direct or indirect members and agents, and the permitted successors and assigns of any of the foregoing (collectively, the “Seller Indemnitees”) against and hold the Seller
Indemnities harmless from all claims, actions, proceedings, demands, liabilities, losses, damages, costs and expenses, including reasonable attorneys’ fees and disbursements, that may be suffered or incurred by the Seller Indemnitees if any
representation or warranty made by Buyer in section 5.2 hereof or in Buyer’s Closing Certificate was untrue or incorrect in any material respect when made. If Buyer learns that any representation or warranty made by Buyer hereunder has
become untrue in any material respect or was untrue when made in any material respect, Buyer shall give prompt notice of 

  
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the same to Sellers. Such notice shall include whether Buyer is electing to take any action available to Buyer that Buyer deems appropriate to allow Buyer to make true the representation or
warranty or otherwise cure the problem with the representation or warranty, in which case, if the same is capable of being made true or cured, Buyer shall have the right to postpone the Closing Date for up to five (5) business days. If Buyer
does not include in its notice Buyer’s intent to take action or if Buyer is unable to make the representation or warranty true or otherwise cure the problem therewith within the allowed time period, then Sellers shall thereafter have the
option, by providing notice to Buyer (within five (5) business days after the date of (x) Buyer’s notice to Sellers if Buyer does not, in such notice, elect to take action or (y) the expiration of the allowed time period if, in
such notice, Buyer elects to take action but cannot cure) of Sellers’ election either to (i) terminate this Agreement, in which case Sellers shall receive the Deposit (and in such event, the indemnity set forth above in this section 6.2(b)
shall not survive the termination of this Agreement), or (ii) proceed with its sale of the Property despite such untrue representation or warranty in which case Sellers shall have irrevocably waived any of rights with respect to the
untruthfulness of the representation or warranty. Notwithstanding the foregoing, Sellers shall not have the right to enforce any claim, nor shall Buyer be liable in any way to Sellers, for a breach of a representation or warranty of Buyer if the
breach in question results from or is based on a condition, state of facts or other matter of which Sellers had actual knowledge. 
 6.3 Casualty Damage. If, before the Closing, the improvements on any of the Real Property are damaged by any insured casualty, then Sellers shall give Buyer prompt written notice of such casualty.
If the cost to restore such improvements, as reasonably determined by Seller, is more than $2,000,000.00 for the Northview Corporate Center Real Property, $3,000,000.00 for the Metropolitan Park – North Tower Real Property or $5,000,000.00 for
the 83 South King Street and 505 First Street Real Property, then Buyer shall have the right, by giving notice to Sellers within seven (7) days after Sellers give notice to Buyer of the applicable Seller’s reasonable estimate (which shall be
prepared by an independent, reputable, licensed contractor selected by Seller) of the cost to restore such improvements, to terminate this Agreement, in which event this Agreement shall terminate, and Buyer shall receive a return of the Deposit. If,
before the Closing, the improvements on any of the Real Property are damaged by any casualty not covered by insurance and the cost to restore such improvements, as reasonably determined by Seller, is more than $750,000.00 for the Northview Corporate
Center Real Property, $1,250,000.00 for the Metropolitan Park – North Tower Real Property or $2,000,000.00 for the 83 South King Street and 505 First Street Real Property, Sellers and Buyer each shall have the right, by giving notice to the
other within seven (7) days after Sellers give notice to Buyer of the applicable Seller’s reasonable estimate (which shall be prepared by an independent, reputable, licensed contractor selected by Seller) of the cost to restore such
improvements, to terminate this Agreement, in which event this Agreement shall terminate and the Deposit shall be returned to Buyer; provided, however, that if Sellers elect to terminate this Agreement, Buyer may nullify such termination by agreeing
to pay for the cost of such restoration work upon written notice to Sellers given no later than five (5) days after Buyer has received Sellers’ termination notice hereunder. If, before the Closing, the improvements on any of the Real
Property are damaged by any insured casualty and the cost to restore such improvements, as reasonably determined by Seller (based on an estimate prepared by an independent, reputable, licensed contractor selected by Seller), is $2,000,000.00 or less
for the Northview Corporate Center Real Property, $3,000,000.00 or less for the Metropolitan Park – North Tower Real Property or $5,000,000.00 or less for the 83 South King Street and 505 First Street Real Property , or the improvements on any
of the Real Property are damaged by any casualty not covered by insurance and the cost to restore such improvements, as reasonably determined by the applicable Seller (based on an estimate prepared by an independent, reputable, licensed contractor
selected by Seller), is $750,000.00 or less for the Northview Corporate Center Real Property, $1,250,000.00 or less for the Metropolitan Park – 

  
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North Tower Real Property or $2,000,000.00 or less for the 83 South King Street and 505 First Street Real Property, or Sellers or Buyer have/has the right to terminate this Agreement pursuant to
either of the preceding sentences but neither Sellers nor Buyer exercises such right or Buyer nullifies Sellers’ termination, then this Agreement shall remain in full force and effect and, on the Closing Date, any insurance proceeds (or, if not
theretofore received, the right to receive such proceeds) payable on account of the damage shall be transferred to Buyer and the amount of any deductible under the insurance policy to the extent of the restoration cost, as reasonably determined by
the applicable Seller (which shall be based on the estimate prepared by the independent, reputable, licensed contractor selected by Seller) (or, in the case of an uninsured casualty, the restoration cost, as reasonably determined by the applicable
Seller (which shall be based on the estimate prepared by the independent, reputable, licensed contractor selected by Seller)) shall be a credit to Buyer against the total purchase price for the Property. Notwithstanding the foregoing, if the
casualty is not covered by insurance because the applicable Seller failed to obtain or maintain the required insurance, then such casualty shall be treated as insured and Buyer shall be entitled to a credit in the amount that would have been payable
in respect of such casualty under the insurance policy required to be obtained or maintained by such Seller. Sellers shall give notice to Buyer reasonably promptly after the occurrence of any damage to the improvements on the Property by any
casualty. Buyer and Sellers acknowledge and agree that Sellers do not carry earthquake insurance, and, therefore, damage caused by an earthquake shall be deemed damage caused by a casualty not covered by insurance. If necessary, the Closing Date
shall be postponed until Sellers have given any notice to Buyer required by this section 6.3 and the period of seven (7) days described in this section 6.3 has expired, and the restoration cost has been determined by the applicable
Seller as provided hereunder. Sellers agree that they shall not settle any casualty insurance claims without Buyer’s prior written approval of such settlement, which approval Buyer shall not unreasonably withhold. 

6.4 Eminent Domain. If, before the Closing Date, proceedings are commenced for the taking by exercise of the power of eminent
domain of all or a material part of any of the Real Property that, as reasonably determined by Buyer, would render such Real Property unsuitable for Buyer’s intended use, Buyer shall have the right, by giving notice to Sellers within seven
(7) days after Sellers give notice of the commencement of such proceedings to Buyer, to terminate this Agreement, in which event this Agreement shall terminate and the Deposit shall be returned to Buyer. If, before the Closing Date, proceedings
are commenced for the taking by exercise of the power of eminent domain of less than a material part of the Real Property (i.e., which part would not render such Real Property unsuitable for Buyer’s intended use, as reasonably determined by
Buyer), or if Buyer has the right to terminate this Agreement pursuant to the preceding sentence but Buyer does not exercise such right, then this Agreement shall remain in full force and effect and, on the Closing Date, the condemnation award (or,
if not theretofore received, the right to receive such award) payable on account of the taking shall be transferred to Buyer. Sellers shall give notice to Buyer reasonably promptly after Sellers’ receipt of notice of the commencement of any
proceedings for the taking by exercise of the power of eminent 

  
 27 

 
domain of all or any part of the Property. If necessary, the Closing Date shall be postponed until Sellers have given any notice to Buyer required by this section 6.4 and the period of seven
(7) days described in this section 6.4 has expired. Sellers agree that they shall not settle or agree upon any condemnation award without Buyer’s prior written approval of such settlement, which approval Buyer shall not unreasonably
withhold. 
 ARTICLE 7 
 Conditions Precedent 
 7.1 Seller. The obligations of each Seller to
close under this Agreement are subject to satisfaction of all of the conditions set forth in this section 7.1. Each Seller may waive any or all of such conditions in whole or in part in its sole discretion but any such waiver shall be effective
only if made in writing. After the Closing, any such condition that has not been satisfied shall be treated as having been waived in writing. No such waiver shall constitute a waiver by any Seller of any of its rights or remedies if Buyer defaults
in the performance of any covenant or agreement to be performed by Buyer under this Agreement or if Buyer breaches any representation or warranty made by Buyer in section 5.2 hereof or in Buyer’s Closing Certificate. If any condition set
forth in this section 7.1 is not fully satisfied or waived in writing by each Seller, then, subject to the Buyer’s right to cure the same in accordance with the other terms and conditions hereof, this Agreement shall terminate, but without
releasing Buyer from liability in accordance with the terms hereof if Buyer defaults in the performance of any such covenant or agreement to be performed by Buyer or if Buyer breaches any such representation or warranty made by Buyer before such
termination. 
 (a) On the Closing Date, Buyer shall not be materially in default in the performance of any
covenant to be performed by Buyer under this Agreement, including, without limitation, Buyer’s obligation to deliver all of the closing documents it is required to deliver as set forth in section 8.1 and the remainder of the Purchase Price in
an amount sufficient to close the transaction hereunder. 
 (b) On the Closing Date, all representations and
warranties made by Buyer in section 5.2 hereof shall be true and correct in all material respects as if made on and as of the Closing Date and Sellers shall have received Buyer’s Closing Certificate, executed by Buyer, in which Buyer
certifies to Sellers that all representations and warranties made by Buyer in section 5.2 hereof are true and correct on and as of the Closing Date without material adverse exceptions, subject to Buyer’s right to cure the same in
accordance with the other terms and conditions hereof. 
 (c) On the Closing Date, there shall be no judicial or
administrative effective order against any Seller’s or Buyer’s consummation of the transactions contemplated herein to be consummated as of the Closing Date as a result of any suit or action instituted by any person unaffiliated with, and
not acting on behalf of, Sellers. 
 7.2 Buyer. The obligations of Buyer to close under this Agreement are subject to
satisfaction of all of the conditions set forth in this section 7.2. Buyer may waive any or all of such conditions in whole or in part in its sole discretion but any such waiver shall be effective only if made in writing. After the Closing, any such
condition that has not been satisfied shall be 

  
 28 

 
treated as having been waived in writing. No such waiver shall constitute a waiver by Buyer of any of its rights or remedies if any Seller defaults in the performance of any covenant or agreement
to be performed by such Seller under this Agreement or if such Seller breaches any representation or warranty made by such Seller in section 5.1 hereof, in any closing document or in such Seller’s Closing Certificate. 

(a) On the Closing Date, no Seller shall be materially in default in the performance of any covenant to be performed by
such Seller under this Agreement, including, without limitation, such Seller’s obligation to deliver all of the closing documents it is required to deliver as set forth in section 8.1. 

(b) On the Closing Date, all representations and warranties made by the Sellers in section 5.1 hereof and in the
closing documents shall be true and correct in all material respects as if made on and as of the Closing Date and Buyer shall have received each Seller’s Closing Certificate, executed by such Seller, in which such Seller certifies to Buyer that
all representations and warranties made by such Seller in section 5.1 hereof are true and correct on and as of the Closing Date, without material adverse exceptions. 

(c) On the Closing Date, the Title Company shall be prepared to issue to Buyer an American Land Title Association 2006
Extended Coverage Owner’s Policy or Policies of title insurance, with liability equal to the total purchase price for the Property, insuring Buyer that fee title to the Property is vested in Buyer subject only to: (a) the matters shown as
exceptions in the Preliminary Report and approved (or deemed to be approved) by Buyer pursuant to section 1.2 hereof, (b) the rights of Tenants under the Leases (provided that each Seller has delivered a certified rent roll to Title Company
with respect to the Leases applicable to such Seller’s Real Property, (c) specific matters shown on the Existing Survey, subject to Buyer’s right to object to the same pursuant to section 1.2(h), (d) taxes and assessments that
are not past due as of the Closing Date, and (e) any other matters created or expressly approved in writing by Buyer (the “Title Policy”). 
 (d) On the Closing Date, there shall be no judicial or administrative effective order against Sellers’ or Buyer’s consummating the transactions contemplated herein to be consummated as of the
Closing Date as a result of any suit or action instituted by any person unaffiliated with, and not acting on behalf of, Buyer. 
 (e) Buyer shall have received and approved Estoppel Certificates from all Tenants listed on Schedule 7.2(e) no later than three (3) business days prior to the Closing Date. Any such Estoppel
Certificate that (i) alleges any material default or breach under the Lease by Tenant or the landlord under such Lease, (ii) alleges any material disputes or claims or offset rights by, or defenses of, such Tenant against the landlord
thereunder, (iii) is inconsistent with the applicable Lease or Seller’s representations and warranties in any material adverse respect, or (iv) discloses material adverse economic terms of the applicable Lease that were not disclosed
to Buyer (whether in the applicable Lease, this Agreement or any other document delivered to Buyer) prior to the expiration of the Property Approval Period, shall be deemed disapproved by Buyer. 

If any Seller has not obtained any of the Estoppel Certificates required to be obtained by it pursuant to section 7.2(e) on or before the
deadlines for obtaining such estoppels, then, upon 

  
 29 

 
written notice to Buyer, such Seller shall have the right to adjourn the Closing for a period of up to fifteen (15) days in order to provide such Seller with additional time to obtain any
such Estoppel Certificates. Buyer agrees that an Estoppel Certificate shall not be deemed to contain a material exception merely because (a) the applicable tenant qualified any statement in such Estoppel Certificate regarding the existence or
absence of any default or claim under such tenant’s Lease to “the actual knowledge of” such party or any similar phrase, (b) such modification is permitted by the applicable Lease applicable to such Seller’s Real Property or
(c) form of Estoppel Certificate delivered is substantially in the form attached to such tenant’s lease. For the avoidance of doubt, Seller and Buyer agree that the only estoppel certificates that must be obtained in order to satisfy the
Buyer’s conditions precedent with respect to estoppel certificates are the Estoppel Certificates from the Tenants listed on Schedule 7.2(e) of this Agreement and that in no event must the Association Estoppel Certificate, the Parking Estoppel
Certificate, the GSA estoppel or any other estoppel certificates be obtained in order to satisfy the Buyer’s conditions precedent with respect to estoppel certificates; provided that Sellers shall use commercially reasonable efforts to obtain
such non-required estoppel certificates. In addition, the applicable Seller shall, immediately following the date of this Agreement, submit a request for an estoppel certificate to the Government Services Administration (“GSA”) in the form
customarily provided by the GSA. 
 (f) Seller shall have delivered to Buyer written notice of the Substantial
Completion, at Seller’s sole cost and expense, of the lobby and food court renovation work at the Metropolitan Park – North Tower property (the “Lobby Work”). “Substantial Completion” and any derivations thereof shall
mean the substantial completion of the Lobby Work substantially in accordance with the plans and specifications therefor in effect as of the date of this Agreement (“Lobby Work Plans”) as reasonably determined by Landlord’s architect
who shall provide a certificate to Seller confirming substantial completion. Seller and Buyer agree that Substantial Completion shall have occurred even though minor details of construction, decoration, and mechanical adjustments remain to be
completed. In any event, the Seller shall be responsible for the full completion of the Lobby Work, including, without limitation, the foregoing punch list items and installation of furniture, fixtures and equipments that are currently intended by
Seller to be installed as part of the Lobby Work and the Lobby Work Plans (as shall be described on Schedule 7.2(f), including the budget therefor), including all costs relating thereto (whether payable before, at or after Closing), and the parties
shall reasonably cooperate to enter into an access agreement at Closing which provides the applicable Seller and its contractors with access to the subject property as necessary to complete the Lobby Work as contemplated hereunder, and addresses
Seller’s completion and post-completion obligations to Buyer with respect to the Lobby Work, including, without limitation, an assignment of all warranties and guaranties under the Lobby Work architectural and construction contract(s) to Buyer
and delivery of an industry standard close-out package (including applicable lien waivers) to Buyer. 
 (g) Seller shall have
received the 24-Hour Fitness Amendment, signed by the tenant thereunder, without material modification thereto, and shall have provided Buyer with a copy of such signed amendment. 

  
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 ARTICLE 8 
 Closing 
 8.1 Procedure. Sellers and Buyer shall cause the actions
set forth in this Section 8.1 to occur simultaneously at the Closing on the Closing Date. Sellers shall deposit the duly executed and acknowledged Deeds and Buyer shall deposit the Purchase Price in the escrow with the Title Company at least
one (1) business day before the Closing Date. Sellers and Buyer shall, at least one (1) business day before the Closing Date, deliver the additional documents described in this Section 8.1 either (i) directly to each other with
respect to such documents that are to be delivered to each other pursuant to this Section 8.1, which shall be held by Sellers and Buyer until the Closing, or (ii) to the Title Company with respect to such documents that are to be delivered
to the Title Company pursuant to this Section 8.1, and in case such documents shall be effective as of the Closing Date. The Closing shall occur on the Closing Date provided that the following conditions have been satisfied: 

(a) The Deed for each Real Property, duly executed and acknowledged by the Seller of such Real Property, shall be recorded
in the Official Records of the county in which the Property is located. 
 (b) Each Seller shall date as of the
Closing Date, execute and deliver to Title Company (with a copy to Buyer) (i) an Assignment of Leases, (ii) a Bill of Sale, (iii) an Assignment of Contracts, (iv) an Assignment of Permits, (v) such Seller’s Closing
Certificate, (vi) a Certificate of Non-Foreign Status in accordance with Section 1445 of the Internal Revenue Code of 1986, as amended, and the Income Tax Regulations thereunder in the form of Exhibit O attached hereto,
(vii) the Washington State Department of Revenue real estate excise tax affidavit to accompany such Seller’s Deed, (viii) a notice to each of the tenants under the Leases applicable to such Seller’s Real Property in the form of
Exhibit P attached hereto, as the same may be supplemented at Buyer’s request in accordance with section 9.7, (ix) the Estoppel Certificates (if said estoppel certificates have not previously been delivered to Buyer directly)
required to be delivered by such Seller, (x) intentionally omitted, (xi) intentionally omitted, (xii) a novation agreement in the agreed upon form pursuant to section 8.8 below (“Novation Agreement”), and (xii) such
other documents as the Title Company may reasonably require. With respect to such foregoing documents that are to be executed by Sellers, on the one hand, and Buyer, Seller shall deliver two (2) counterpart originals of each (and three
(3) counterpart originals of the Novation Agreement). 
 (c) Buyer shall date as of the Closing Date,
execute and deliver to Title Company (with a copy to Sellers) (i) each of the Assignment of Leases, (ii) each of the Assignment of Contracts, (iii) Buyer’s Closing Certificate, (iv) the Washington State Department of
Revenue consumer use tax return, (v) the Washington State Department of Revenue real estate excise tax affidavit, (vi) the Novation Agreement, and (vii) such other documents as the Title Company may reasonably require. With respect to
such foregoing documents that are to be executed by Sellers, on the one hand, and Buyer, Buyer shall deliver two (2) counterpart originals of each (and three (3) counterpart originals of the Novation Agreement). 

(d) Buyer shall pay to Sellers the Purchase Price for the Property in cash in immediately available funds in accordance
with section 2.1 hereof. 

  
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 (e) The Title Company shall issue to Buyer the Title Policy. 

8.2 Possession. Subject to the Leases, each Seller shall transfer possession of the such Seller’s Property to Buyer on the
Closing Date. Each Seller, as to such Seller’s Property, shall, on the Closing Date, deliver to Buyer the original (if available; otherwise, copies of) executed counterparts of the Leases and Contracts, the Permits, the Lease files, the
Security Deposits (which shall, in the case of cash Security Deposits, be effected by means of a credit to Buyer at Closing), such Seller’s Personal Property not located at such Seller’s Property, the books and records relating to such
Seller’s Property and the Leases and any other plans and specifications, certificates, licenses and approvals relating to such Seller’s Property in the possession or control of such Seller, which shall become the property of Buyer on the
Closing Date. On the Closing Date, Buyer shall send a letter in the form attached as Exhibit P, as the same may be supplemented at Buyer’s request in accordance with section 9.7, to each Tenant notifying it that the Property has been
sold to Buyer and directing such Tenant to pay future rent and other charges to Buyer at the address to be furnished by Buyer. Buyer shall provide Seller with reasonable proof of Buyer’s transmittal of such letters promptly following such
transmittal. 
 8.3 Closing Costs. Sellers shall pay: (a) the premium for the standard
coverage portion of the Title Policy, including applicable sales tax, (b) the real estate excise tax applicable to the sale of the Property and the conveyance of the title to the Property to Buyer (c) one-half ( 1/2) of all escrow fees and closing costs, (d) Seller’s share of prorations, if any, (e) recording fees for the Deeds, and (f) Sellers’ costs of obtaining the Existing Surveys
(including the costs to cause the Existing Surveys to be certified to Buyer) and of obtaining any new, or updating any existing, environmental, property condition, and zoning reports that Seller has requested to be prepared. Buyer shall pay:
(i) one-half ( 1/2) of all escrow fees and closing costs, (ii) recording fees for transaction documents other than the Deeds, (iii) Buyer’s share of prorations, if any, (iv) any additional premium for
the extended coverage portion of the Title Policy and any endorsements, if Buyer elects to obtain extended coverage and any endorsements, including applicable sales tax thereon, and (v) sales tax applicable to the sale of any personal property
constituting part of the Property to Buyer. All other costs and expenses shall be allocated between Buyer and Sellers in accordance with the customary practice of the county in which the applicable Real Property is located. Each party shall pay its
own attorneys’ fees that are not related to any dispute between Buyer and any Seller (which shall be governed by the provisions of section 9.2 below). 
 8.4 Prorations. At least five (5) business days prior to Closing, Sellers shall provide to Buyer a draft proration schedule and information and verification reasonably necessary to support
such prorations schedule. Buyer and Sellers shall use best efforts to finalize as many items on such proration schedule as possible before Closing. The items in subparagraphs (a) through (f) of this section 8.4 shall be prorated
between Sellers and Buyer based on the actual number of days in the applicable period, as of the end of the day immediately preceding the Closing Date, with Sellers being entitled to income and obligated for expenses attributable to the period prior
to the Closing Date, and Buyer being entitled to the income and obligated for expenses attributable to the Closing Date and thereafter. 
 (a) The current installment of real property taxes, assessments and other governmental impositions levied against the Property shall be prorated between Sellers and Buyer as of the Closing Date and Buyer
shall be responsible for real estate taxes and assessments applicable 

  
 32 

 
to Buyer’s period of ownership, and Sellers shall be responsible for real estate taxes and assessment applicable to each Seller’s period of ownership, respectively, even if such taxes
and assessment installment payments are not yet due and payable or have not yet been actually assessed. Buyer shall not be responsible for any supplemental taxes relating to the period prior to the Closing Date, regardless of when such supplemental
taxes are actually assessed. If Closing occurs before the tax rate for the current tax year is fixed, the apportionment of taxes shall be based on the tax rate for the preceding period applied to the latest assessed valuation and, after Closing,
when the actual real property taxes are finally fixed, Sellers and Buyer shall promptly make a recalculation of such proration, and the appropriate party shall make the applicable payment reflecting the recalculation to the other party. 

(b) Buyer shall receive a credit for any rent and other income (and any applicable state or local tax on rent) under the
Leases collected by any Seller before Closing that applies to any period after Closing. Uncollected rent and other uncollected income (including, without limitation, amounts payable for pass-through expenses) shall not be prorated at Closing. After
Closing, all rent and other income collected by either Buyer or Sellers from any Tenant shall be applied, first to such Tenant’s then current monthly rental and then to arrearages, if any, owed by such Tenant in the reverse order in which they
were due, after deducting any actual, reasonable out-of-pocket collection costs. Buyer shall bill and attempt to collect such rent arrearages and other uncollected income in the ordinary course of business, but shall not be obligated to engage a
collection agency or take legal action to collect any rent arrearages or other uncollected income. Any rent or other income received by Buyer from a Tenant under its Lease after Closing that is owed to any Seller pursuant to the terms hereof shall
be remitted to such Seller promptly after receipt. Any rent or other income received by any Seller from a Tenant under its Lease applicable to such Seller’s Real Property after Closing that is owed to Buyer pursuant to the terms hereof shall be
remitted to Buyer promptly after receipt. Buyer and Sellers shall promptly notify each other of the receipt of any such rent or other income. 
 (c) Where the Leases contain Tenant obligations for taxes, common area expenses, operating expenses or additional charges of any other nature, and where any Seller shall have collected any portion thereof
in excess of amounts owed by such Seller for such items for the period prior to the Closing Date, then there shall be an adjustment and credit given to Buyer on the Closing Date for such excess amounts collected. Buyer shall apply all such excess
amounts to the charges owed by Buyer for such items for the period after the Closing Date and, if required by the Leases, shall rebate or credit Tenants with any remainder. If it is determined under section 8.5 below that the amount collected during
such Seller’s ownership period exceeded expenses incurred during the same period by more than the amount previously credited to Buyer at Closing, then such Seller shall promptly pay to Buyer the deficiency. 

(d) Sellers or Buyer, as the case may be, shall receive a credit for regular charges under the Contracts (to the extent,
in the Sellers’ case, the same are not required to be terminated in accordance with section 6.1(f)) paid and applicable to Buyer’s period of ownership or payable and applicable to any Seller’s period of ownership, respectively.

 (e) Buyer shall receive a credit for all Leasing costs (i) set forth on Schedule 5.1(g)(1) and
(ii) set forth in any Lease documents not disclosed to Buyer as of the date of this 

  
 33 

 
Agreement, in each case whether due and payable as of or after the Closing. Buyer shall assume at Closing and thereafter be responsible for, and shall pay, disburse or, as applicable, credit when
due, (a) all tenant improvement allowances described on Schedule 5.1(g)(1) owing to the applicable tenants under their respective Leases, (b) all abated rent or other rent credits described on Schedule 5.1(g)(1) to which the
applicable tenants are entitled under the terms of their Leases, and (c) all leasing commissions to the applicable brokers as described on Schedule 5.1(g)(1). 

(f) Buyer shall receive a credit for any Security Deposits under the Leases, if and to the extent such deposits have not
been otherwise applied by any Seller to any obligations of Tenants under any Leases for such Seller’s Real Property, and Buyer shall assume full responsibility for all Security Deposits so delivered to Buyer. In the event that any Security
Deposits are in the form of letters of credit or other financial instruments, Sellers will cooperate with Buyer to have Buyer named as beneficiary under the same. Buyer will not receive a credit for any such financial instruments. 

(g) The adjustment for utility charges shall be made on the basis of the most recently issued bills therefor, which are
based on meter readings no earlier than forty-five (45) days before the Closing Date. Such adjustment shall be reprorated when the next utility bills are received. Sellers shall receive a credit for the amount of deposits, if any, with utility
companies that are transferable and that are assigned to Buyer at the Closing. 
 All of the obligations of Sellers and Buyer as set forth in
this section 8.4 shall survive Closing. 
 8.5 Tenant Reconciliations and Post-Closing Adjustments . The prorations to be
made in accordance with this Section 8.4 shall be adjusted, if necessary, and completed after the Closing Date as soon as final information becomes available as the basis for such prorations, but in no event later than one hundred twenty
(120) days after the Closing Date after which time the parties shall have no further obligation to make adjustments; provided, however, within ninety (90) days after the end of the calendar year in which the Closing occurs, Buyer shall
prepare and present to Sellers for their review and approval, which approval or disapproval must be given within ten (10) business days after Sellers’ receipt or Sellers will be deemed to have approved the calculation, a calculation of the
proration of operating expense pass-throughs and other items, payable under the Leases based upon the actual amount of such items charged to or received by the parties for the preceding calendar year. The parties shall make the appropriate adjusting
payment between them within thirty (30) days after presentment to Sellers of Buyer’s calculation. Sellers may inspect Buyer’s books and records related to the Property to confirm the calculation. Either party shall be entitled to a
post-Closing adjustment for any incorrect proration or adjustment. The obligations of Buyer and Sellers under this section 8.5 shall survive Closing. 
 8.6 Post-Closing Access . For one (1) year after the Closing, upon reasonable prior notice and during normal business hours, Buyer shall provide Sellers and Sellers’ designated
accountants and auditors with reasonable access to the books and records of the Property and all similar information relating to the period prior to the Closing Date. 
 8.7 Cooperation with Buyer’s Auditors and SEC Filing Requirements. Seller shall, at no material cost to Seller, cooperate with Buyer to provide Buyer access to such factual

  
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information concerning the operation of the Property as may be reasonably requested by Buyer, and in the possession or control of Seller, or its property manager or accountants, to enable Buyer
or its affiliates to prepare audited financial statements as may be required by the Securities and Exchange Commission (“SEC”). At Buyer’s sole cost and expense, Seller shall allow Buyer’s auditor (Ernst & Young LLP or
any successor auditor selected by Buyer) to conduct an audit of the statement of revenue and expenses of the Property and shall cooperate (at no material cost to Seller) with Buyer’s auditor in the conduct of such audit and review.
Specifically, Buyer’s auditor must perform a 3-14 Audit for December 31, 2012 and June 30, 2013 (the “Audit”), which will require Buyer’s auditor to (i) obtain the information from Seller as set forth in the
categories listed on Schedule 8.7 hereto (to the extent not previously provided in full to Buyer as part of the Seller Diligence Documents), and (ii) obtain copies of checks, invoices and payment receipts in connection with selections from such
information made by Buyer’s auditor, in each case, to the extent such documentation is in the possession of, or reasonably obtainable by, Seller, its property manager or accountants, at no material cost to Seller, and in the format that Seller
(or its property manager or accountants) have maintained such information. In connection with such foregoing Audit, Seller shall deliver to Buyer’s auditor a representation letter in a form agreed to the parties. Seller and Buyer shall
reasonably cooperate to agree upon a form of representation letter prior to the expiration of the Property Approval Period. Without limiting the foregoing, Buyer, or its designated independent or other auditor, may audit Seller’s operating
statements of the Property, at Buyer’s expense; provided, however, that the foregoing obligations of Seller under this subsection shall be limited to providing such information or documentation as may be in the possession of, or reasonably
obtainable by, Seller, its property manager or accountants, at no material cost to Seller, and in the format that Seller (or its property manager or accountants) have maintained such information. The obligations of Seller under this section 8.7
shall survive the Closing for a period of one (1) year. 
 8.8 Novation Agreement. After the Closing, Seller and
Buyer shall promptly enter into the Novation Agreement with the United States of America in respect of the GSA lease and Seller and Buyer will cooperate with each other and the GSA to obtain the execution by the United States of America to the
Novation Agreement. If, prior to its execution by all parties thereto, GSA requires changes to the Novation Agreement, then such changes shall be reasonably accommodated by Buyer and Seller. In connection with the Novation Agreement, Buyer and
Seller shall provide such additional information to GSA as is reasonably requested by GSA pursuant to the GSA lease. Prior to Closing, Seller shall have the right to negotiate with the GSA changes to the form of Novation Agreement customarily
utilized by the GSA (and the changes to such form shall also be subject to Buyer’s reasonable approval); provided that, if such requested changes are not agreed to prior to Closing, then Seller and Buyer shall execute the form of Novation
Agreement customarily utilized by the GSA and otherwise cooperate with each other to obtain the signature of the United States of America to the Novation Agreement as provided above. Further, if the GSA refuses to consent to the removal of the
applicable sections of the Novation Agreement prior to Closing which (i) obligate Seller to be a guarantor of payment and performance of all obligations of Buyer under the GSA lease, including those undertaken pursuant to a future amendment of
the GSA lease, and (ii) obligate Buyer to assume all obligations and liabilities of, and all claims against, Seller under the GSA lease, then the parties shall indemnify each other as follows: (A) Buyer agrees to indemnify, defend and hold
Seller harmless from all claims made by GSA and the United States of America against Seller pursuant to such above-referenced section of the Novation Agreement arising as a result of or 

  
 35 

 
with respect to the obligations of landlord under the GSA lease that are attributable to the period of time from and after the Closing, and all related costs and expenses, including reasonable
attorney’s fees, incurred by Seller in connection with such claim, and (B) Seller agrees to indemnify, defend and hold Buyer harmless from all claims made by GSA and the United States of America against Buyer pursuant to the
above-referenced section of the Novation Agreement arising as a result of or with respect to the obligations of landlord under the GSA lease that are attributable to the period of time prior to the Closing, and all related costs and expenses,
including reasonable attorney’s fees, incurred by Buyer in connection with such claim. The terms of this Section 8.8 shall survive the Closing. 
 ARTICLE 9 
 General 

9.1 Notices. All notices and other communications under this Agreement shall be properly given only if made in writing and mailed
by certified mail, return receipt requested, postage prepaid, or delivered by hand (including messenger or recognized delivery, courier or air express service), or by email or facsimile (if a copy of such notice also is sent the same day by hand
delivery or by mail, it being understood that if a copy is sent by mail, notice will only be deemed given on the date the copy is received in accordance with the balance of this section 9.1), to the party at the address set forth in this
section 9.1 or such other address as such party may designate by notice to the other party. Such notices and other communications shall be effective on the date of receipt provided it is received by 5:00 p.m. (San Francisco time) (and, after
such times, on the next business day). If any such notice or other communication is not received or cannot be delivered due to a change in the address of the receiving party of which notice was not previously given to the sending party or due to a
refusal to accept by the receiving party, such notice or other communication shall be effective on the date delivery is attempted. Any notice or other communication under this Agreement may be given on behalf of a party by the attorney for such
party. 
 (a) The address of Sellers and each Seller is c/o Spear Street Capital, LLC, One Market Plaza, Spear
Tower, Suite 4125, San Francisco, California 94105, Attention: Mr. Peter Kahn, email address: pkahn@spearstreetcapital.com, telephone number: (415) 222-7423, facsimile number: (415) 856-0348, with a copy to Spear Street
Capital, LLC, One Market Plaza, Spear Tower, Suite 4125, San Francisco, California 94105, Attention: Mr. John S. Grassi, email address: jgrassi@spearstreetcapital.com, telephone number: (415) 222-7421, facsimile
number: (415) 856-0348, and with a copy to Pillsbury Winthrop Shaw Pittman LLP, Four Embarcadero Center, San Francisco, California, Attention: J. Gregg Miller, Esq., email address: gregg.miller@pillsburylaw.com, telephone number:
(415) 983-1557, facsimile number (415) 983-1200. The phone numbers provided above are for informational purposes only and are not effective means of providing notice under this Agreement. 

(b) The address of Buyer is c/o Hudson Pacific Properties, L.P., 11601 Wilshire Boulevard, Suite 1600, Los Angeles,
California 90025, Attention: Mr. Alex Vouvalides, email address: alex@hudsonppi.com, telephone number: (310) 445-5706, facsimile number: 310-445-5710, with a copy to Allen Matkins Leck Gamble Mallory & Natsis LLP, 1901
Avenue of the Stars, Suite 1800, Los Angeles, California 90067, Attention: Tony Natsis, 

  
 36 

 
Esq., telephone number: (310) 788-2430, facsimile number: (310) 788-2410. The phone numbers provided above are for informational purposes only and are not effective means of providing
notice under this Agreement. 
 9.2 Attorneys’ Fees. If there is any legal action or proceeding
between Sellers (or any Seller) and Buyer arising from or based on this Agreement, the unsuccessful party to such action or proceeding shall pay to the prevailing party all costs and expenses, including reasonable attorneys’ fees and
disbursements, incurred by such prevailing party in such action or proceeding and in any appeal in connection therewith. If such prevailing party recovers a judgment in any such action, proceeding or appeal, such costs, expenses and attorneys’
fees and disbursements shall be included in and as a part of such judgment. 
 9.3 Governing Law. This Agreement shall be
governed by and construed in accordance with the laws of the State of Washington. 
 9.4 Seller Default. If the Closing
does not occur solely by reason of any Seller’s default in the performance of its duties and obligations under this Agreement, Buyer shall have the right, as its sole and exclusive remedy, in lieu of all other remedies which Buyer might
otherwise have hereunder at law or in equity, to either: (a) terminate this Agreement by written notice to Sellers, in which event the Deposit shall be immediately returned to Buyer by the Escrow Agent and Buyer shall receive reimbursement from
Sellers for Buyer’s actual out-of-pocket due diligence and legal and consultant costs incurred in connection herewith in an amount not to exceed two hundred fifty thousand dollars ($250,000), as documented by copies of invoices, which Buyer
shall provide to Sellers with Buyer’s demand for payment; or (b) require specific performance of this Agreement, with no offset or reduction in the Purchase Price. Notwithstanding anything herein to the contrary, if the Closing does not
occur by reason of any Seller’s default in the performance of its duties and obligations under this Agreement, Buyer shall be deemed to have elected to terminate this Agreement in accordance with “(a)” above if Buyer fails to deliver
to Sellers written notice of Buyer’s intent to file a claim or assert a cause of action for specific performance against Sellers or the applicable Seller on or before fifteen (15) days following the scheduled Closing Date or, having given
such notice, fails to file a lawsuit asserting such claim or cause of action in the county in which the applicable Property is located within thirty (30) days following the scheduled Closing Date. Except as otherwise expressly provided in this
section 9.4, if the Closing does not occur solely by reason of any Seller’s default in the performance of its duties and obligations under this Agreement, Buyer shall have no further claims, rights or entitlements in the event of a default by
Sellers hereunder. 
 9.5 Construction. Sellers and Buyer acknowledge that each party and its counsel have reviewed and
revised this Agreement and that the rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any document executed and delivered by either
party in connection with the transactions contemplated by this Agreement. The captions in this Agreement are for convenience of reference only and shall not be used to interpret this Agreement. 

9.6 Terms Generally. The defined terms in this Agreement shall apply equally to both the singular and the plural forms of the
terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The term 

  
 37 

 
“person” includes individuals, corporations, partnerships, trusts, other legal entities, organizations and associations, and any government or governmental agency or authority. The
words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The words “approval,” “consent” and “notice” shall be deemed to be
preceded by the word “written.” 
 9.7 Further Assurances. From and after the date of this Agreement, Sellers
and Buyer agree to do such things, perform such acts, and make, execute, acknowledge and deliver such documents as may be reasonably necessary or proper and usual to complete the transactions contemplated by this Agreement and to carry out the
purpose of this Agreement in accordance with this Agreement. 
 9.8 Partial Invalidity. If any provision of this
Agreement is determined by a proper court to be invalid, illegal or unenforceable, such invalidity, illegality or unenforceability shall not affect the other provisions of this Agreement and this Agreement shall remain in full force and effect
without such invalid, illegal or unenforceable provision. 
 9.9 Waivers. No waiver of any provision of this Agreement or
any breach of this Agreement shall be effective unless such waiver is in writing and signed by the waiving party and any such waiver shall not be deemed a waiver of any other provision of this Agreement or any other or subsequent breach of this
Agreement. 
 9.10 Miscellaneous. The Exhibits attached to this Agreement are made a part of this Agreement. Buyer
shall not assign or transfer this Agreement, or any interest in or part of this Agreement, without the prior consent of Sellers, which consent may be withheld in Sellers’ sole and absolute discretion. Buyer may designate one of more
“Affiliates” (defined as an entity that controls, is controlled by or is under common control with Buyer) to which each Property will be assigned at Closing or an exchange accommodation titleholder in connection with Buyer’s exchange
of like-kind property, provided that Buyer shall continue to remain primarily liable under this Agreement notwithstanding such designation without Sellers’ prior consent. No assignment, transfer or designation shall release Buyer from any
obligation or liability under this Agreement. Subject to the foregoing, this Agreement shall benefit and bind Sellers and Buyer and their respective personal representatives, heirs, successors and assigns. This Agreement may be executed in
counterparts, each of which shall be an original, but all of which shall constitute one and the same Agreement. This Agreement may not be amended or modified except by a written agreement signed by Sellers and Buyer. This Agreement and the
attachments hereto constitute the entire and integrated agreement between Sellers and Buyer relating to the purchase and sale of the Property and supersedes all prior agreements, understandings, offers and negotiations, oral or written, with respect
to the sale of the Property. 
 9.11 Confidentiality; Permitted Disclosures. (a) In the event that the parties to
this Agreement have previously executed a confidentiality or non-disclosure agreement or other similar agreement in connection with the transaction contemplated by this Agreement, the terms and provisions of such other confidentiality or
non-disclosure agreement shall apply to the parties’ actions prior to the date of this Agreement and, effective upon the date of this Agreement, the terms and provisions of this Agreement regarding confidentiality and non-disclosure shall
control with respect to the parties’ actions from and after the date of this Agreement. Prior to the Closing, neither Sellers nor Buyer shall make any public announcement 

  
 38 

 
of this Agreement or the transactions contemplated by this Agreement without the prior consent of the other, and Buyer shall not disseminate to any third party, other than Buyer’s Agents or
Buyer’s affiliates, prospective lenders or investors (and as to each such party, Buyer agrees it will inform such party of the confidentiality provisions of this Agreement and the confidential nature of such information and use commercially
reasonable efforts to have such parties adhere to such provisions), any of the Seller Diligence Documents or Due Diligence Information without the prior consent of Sellers, unless, and only to the extent that, any such announcement or dissemination
is (i) reasonably necessary to comply with applicable law, regulation or stock-exchange requirement, in which case Buyer shall provide Sellers with advance written notice (if such advance notice is not prohibited by applicable law or
regulation) of any such announcement or dissemination, (ii) necessary or appropriate for the enforcement of this Agreement, (iii) as permitted in sub-clause (b), below, or (iv) required by interrogatories, requests for information or
documents in legal proceedings, a subpoena, a civil or administrative demand or investigation, regulatory investigation, or other similar process; provided, however, that prior to making any such announcement or dissemination pursuant to clause
(iii), if and to the extent permitted by applicable law, Buyer shall give Sellers written notice of such requirement and, to the extent permitted, Sellers shall have the opportunity to object to and contest any such requirement before Buyer makes
any announcement or dissemination. In permitting Buyer and Buyer’s Agents to review the Seller Diligence Documents and the Due Diligence Information and any other information to assist Buyer, Sellers have not waived any privilege or claim of
confidentiality with respect thereto, and no third party benefits or relationships of any kind, either express or implied, have been offered, intended or created by Sellers, and any such claims are expressly rejected by Sellers and waived by Buyer
and the Buyer’s Agents, for whom, by its execution of this Agreement, Buyer is acting as an agent with regard to such waiver. Buyer shall indemnify Sellers and Sellers’ members, employees, licensees, contractors, agents and invitees from
and against any and all Claims resulting from, arising out of or in connection with Buyer’s breach of its obligations under this section 9.11. 
 (b) Notwithstanding the foregoing and anything to the contrary in this Agreement, nothing contained herein shall impair Sellers (or any of Sellers’ affiliates’) or Buyer (or any of Buyer’s
affiliates’) right to disclose information relating to this Agreement or the Property (a) to any due diligence representatives and/or consultants that are engaged by, work for or are acting on behalf of, any securities dealers and/or
broker dealers evaluating Sellers, Buyer or their respective affiliates, (b) in connection with any filings (including any amendment or supplement to any S-11 filing) with governmental agencies (including the SEC) by any REIT holding an
interest (direct or indirect) in Seller or Buyer, and (c) to any brokers/dealers in Sellers’ or any REIT’s broker/dealer network and any of the REIT’s or Sellers’ (including the disclosure of the general economic terms of
this transaction in connection with Sellers’ or Buyer’s (or their respective affiliates) respective earnings call (which shall expressly include the right to provide written supplemental materials in connection with such earnings call and
to provide information and/or answer questions raised during such earnings call). Further, notwithstanding the foregoing, Buyer shall have the right to issue press releases in connection with this transaction and this Agreement containing
information relating to the Property as set forth in Buyer’s or Hudson Pacific Properties, Inc.’s 8K filings without Sellers’ consent, provided that Buyer shall provide Sellers with an advance courtesy copy of such press releases.

  
 39 

 The provisions of this section 9.11 shall not survive the Closing but shall survive any termination of this
Agreement for a period of twelve (12) months. 
 9.12 Escrow Agent; Deposit. Escrow Agent shall hold the Deposit
subject to the following terms and conditions: 
 (a) The Deposit shall be held in an FDIC insured
interest-bearing deposit account or US-Treasury money market fund at an institution designated in writing by Buyer, Seller and Escrow Agent. 
 (b) Escrow Agent shall not be liable or responsible for and shall have no liability in the event of failure, insolvency, or inability of the depositary to pay said funds for any failure, refusal or
inability of the depository into which the Deposit is deposited to pay the Deposit at Escrow Agent’s direction, or for levies by taxing authorities based upon the taxpayer identification number used to establish this interest bearing account.
Escrow Agent shall not be responsible for any interest except for such interest as is actually received (which interest received shall be added to and considered part of the Deposit), nor shall Escrow Agent be responsible for the loss of any
interest arising from the closing of any account or the sale of any certificate of deposit or other instrument prior to maturity. 
 (c) Any notice to Escrow Agent shall be sufficient only if received by Escrow Agent within the applicable time period set forth herein. All mailings and notices from Escrow Agent to Seller or Buyer, or
from Seller or Buyer to Escrow Agent, provided for herein shall be addressed to the party to receive such notice at the address set forth in or pursuant to this Agreement or, if to Escrow Agent, to: 455 Market Street, Suite 2100, San Francisco,
California 94105, Attn: Terina J. Kung, Tel: 415-3-291- 5128, Fax: 415.896.9423, Email: kungt@ctt.com. 
 (d) In
the event that Escrow Agent shall have received conflicting demands or instructions with respect to the Deposit, whether or not litigation has been instituted, then, in any such event, at Escrow Agent’s option, (i) Escrow Agent may refuse
to comply with any claims or demands on it and continue to hold the Deposit until Escrow Agent receives written notice signed by Sellers and Buyer directing the disbursement of the Deposit, in which case Escrow Agent shall promptly disburse the
Deposit in accordance with said direction, and Escrow Agent shall not be or become liable in any way or to any person for its refusal to comply with such claims or demand; or (ii) in the event Escrow Agent shall receive a written notice
advising that a litigation over entitlement to the Deposit has been commenced, Escrow Agent may deposit the Deposit with the clerk of the court in which said litigation is pending, or (iii) Escrow Agent may (but shall not be required to) take
such affirmative steps as it may, at its option, elect in order to deposit the Deposit in a court of competent jurisdiction and commence an action for interpleader or to substitute another impartial party to hold the Deposit, the reasonable costs
thereof to be borne by whichever of Sellers and Buyer is the losing party and thereupon Escrow Agent shall be released of any and all liability hereunder. Sellers and Buyer jointly and severally agree, if a dispute arises as to the entitlement of
the Deposit, to reimburse Escrow Agent for any and all reasonable expenses incurred in the discharge of its duties hereunder, including, but not limited to, reasonable outside attorneys’ fees and disbursements, and court costs; provided,
however, that any payment or reimbursement made by Sellers or Buyer shall be without prejudice to any right which either Sellers or Buyer may have to recover from the other party for any amounts so paid or reimbursed to Escrow Agent hereunder.

  
 40 

 (e) It is expressly understood that Escrow Agent acts hereunder as an
accommodation to Sellers and Buyer and as a depository only and is not responsible or liable in any manner whatever for the sufficiency, correctness, genuineness or validity of any instrument deposited with it, or for the form of execution of such
instruments or for the identity, authority or right of any person executing or depositing the same or for the terms and conditions of any instrument pursuant to which Escrow Agent or the parties may act. 

(f) Escrow Agent shall not have any duties or responsibilities except those set forth in this section 9.12 and shall not
incur any liability in acting upon any signature, notice, request, waiver, consent, receipt or other paper or document believed by Escrow Agent in good faith without gross negligence or willful misconduct to be genuine, and Escrow Agent may assume
that any person purporting to give it any notice on behalf of any party in accordance with the provisions hereof has been duly authorized to do so. 
 (g) Escrow Agent may act or refrain from acting in respect of any matter referred to herein in full reliance upon and by and with the advice of counsel which may be selected by it (including any member of
its firm) and shall be fully protected in so acting or refraining from acting upon the advice of such counsel. 

(h) Sellers and Buyer hereby jointly and severally agree to indemnify and save harmless Escrow Agent from and against any
and all losses, damages, claims, liabilities, judgments, and other costs and expenses of every kind and nature which may be incurred by Escrow Agent by reason of its acceptance of, and its performance under, this section 9.12 (including, without
limitation, reasonable outside attorneys’ fees and disbursements), unless and to the extent the same arises from the gross negligence or willful misconduct of Escrow Agent; provided, however, that the performance of the indemnity obligations
hereunder by Sellers or Buyer shall be without prejudice to any right which Sellers or Buyer may have to recover from the other party for any amounts paid or reimbursed to Escrow Agent hereunder or otherwise incurred by Sellers or Buyer in
connection with the performance of such indemnity obligation. 
 (i) Escrow Agent shall not be responsible for
any act or failure to act on its part except in the case of its own willful default or gross negligence. Escrow Agent shall be automatically released from all responsibility and liability under this Agreement upon Escrow Agent’s delivery or
deposit of the Deposit in accordance with the provisions of this section 9.12. 
 (j) Sellers and Buyer agree
that if either shall deliver to Escrow Agent a written demand for the Deposit, the party making such demand shall, promptly after delivering such demand to Escrow Agent, deliver a copy of such demand to the other party, together with a statement of
the facts and circumstances underlying the demand. 
 (k) The Escrow Agent shall not be bound by any modification
of this Agreement, unless the same is in writing and signed by Buyer and Sellers, and delivered to the Escrow Agent and, if the Escrow Agent’s duties hereunder are affected, unless Escrow Agent shall have given prior written consent thereto.

  
 41 

 (l) In the event that the Escrow Agent shall be uncertain as to its duties
or rights hereunder or shall receive instructions, claims or demands from any person with respect to the Deposit which, in its opinion, conflict with any of the provisions of this Agreement, it shall be entitled to refrain from taking any action and
its sole obligation shall be to keep the Deposit until it shall be directed otherwise in writing by Sellers and Buyer or by a final order or judgment of a court of competent jurisdiction. 

(m) Buyer and Sellers each agree to make demands for payment of any portion of the Deposit and to give instructions to the
Escrow Agent regarding the disbursement of any portion of the Deposit promptly and in a manner effectuating the applicable provisions of this Agreement relating thereto. 

(n) Except as may be otherwise required by applicable law, Escrow Agent shall maintain the existence, terms and nature of
the transactions contemplated by this Agreement and the identifies of the parties hereto in strictest confidence and shall not disclose any thereof to any third party without the prior written consent of each of the parties hereto. 

(o) The terms and conditions of this section 9.12 shall survive the Closing and/or termination of this Agreement.

 9.13 1031 Exchange. Upon the request of a party hereto (the “Requesting Party”), the other party (the
“Cooperating Party”) shall cooperate with the Requesting Party in Closing the sale of the Property in accordance with this Agreement so as to qualify such transaction as an exchange of like-kind property; provided, however, the Cooperating
Party shall not be required to take title to any exchange property and the Cooperating Party will not be required to agree to or assume any covenant, obligation or liability in connection therewith, the Closing hereunder shall not be delayed as a
result of, or conditioned upon, such exchange, the Requesting Party shall pay all costs associated with such exchange, and the Requesting Party shall remain primarily liable under this Agreement and indemnify the Cooperating Party from any liability
in connection with such exchange. 
 [Signature Page Follows Immediately] 

  
 42 

 IN WITNESS WHEREOF, Buyer and Seller have executed this Agreement as of the date first set
forth above. 
  

			
	SELLERS:
	
	 1220 HOWELL LLC,
 a
Delaware limited liability company

		
	By:	 	 /s/ John S. Grassi

			
	Name:	 	John S. Grassi

 
			
	Its:	 	President
	
	 KING & DEARBORN, LLC,
 a Delaware limited liability company

		
	By:	 	 /s/ John S. Grassi

			
	Name:	 	John S. Grassi

 
			
	Its:	 	President
	
	 NORTHVIEW CORPORATE CENTER LLC,
 a Delaware limited liability company

		
	By:	 	 /s/ John S. Grassi

			
	Name:	 	John S. Grassi

 
			
	Its:	 	President

 [Signatures Continue on Following Pages.] 

  
 43 

 
			
	 BUYER:
  

HUDSON PACIFIC PROPERTIES, L.P.
 a Maryland
limited partnership

	
	     By: Hudson Pacific Properties, Inc.,
     a Maryland corporation,
     its general
partner

		
	    By:	 	 /s/ Mark T. Lammas

			
	     Name:
	 	 Mark T. Lammas

 
			
	     Its:
	 	 Chief Financial Officer

 [Signatures Continue on Following Page.] 

  
 44 

 
			
	Solely with respect to its obligations as Escrow Agent:
	
	    CHICAGO TITLE INSURANCE COMPANY,
		
	    By:	 	 /s/ Terina Kung

			
	    Name: Terina Kung
	    Its: Senior Commercial Escrow Officer

  
 45 

 STATE OF
                       ) 

                         
                  ) ss. 
 COUNTY OF
                   ) 
 On this
             day of                     , 2013, before me, the undersigned,
a Notary Public in and for the State of                     , duly commissioned and sworn, personally appeared
                            , to me known as, or providing satisfactory evidence that he/she is the
                     of
                    , a
                     the              that executed the foregoing
instrument and acknowledged the said instrument to be the free and voluntary act and deed of said                      for the uses and
purposes therein mentioned and on oath stated that he/she is authorized to execute said instrument. 
 WITNESS my hand and
official seal hereto affixed the day and year in this certificate above written. 
  

			
	
                    
                                         
                            

	NOTARY PUBLIC, in and for the State
	of                     , residing at 
                                         
   
	Commission expires:                       
                              
	Print Name:                         
                                         
  

 STATE OF
                       ) 

                         
                  ) ss. 
 COUNTY OF
                   ) 
 On this
             day of                     , 2013, before me, the undersigned,
a Notary Public in and for the State of                     , duly commissioned and sworn, personally appeared
                            , to me known as, or providing satisfactory evidence that he/she is the
                     of
                    , a
                     the
                     that executed the foregoing instrument and acknowledged the said instrument to be the free and voluntary act and deed of
said                      for the uses and purposes therein mentioned and on oath stated that he/she is authorized to execute said instrument.

 WITNESS my hand and official seal hereto affixed the day and year in this certificate above written. 

 

	
	
                    
                                         
                            

	NOTARY PUBLIC, in and for the State
	of                     , residing at   
                                         
 
	Commission expires:
                                         
           
	Print Name:                           
                                         
 

  
 46 

 EXHIBIT A 
 LIST OF REAL PROPERTY BY OWNER 
  

			
	 Name of Seller
	  	 Name of Property owned by Seller

	 1220 Howell LLC
	  	Metropolitan Park – North Tower, Seattle, Washington
	 King & Dearborn, LLC
	  	83 South King Street and 505 First Street, Seattle, Washington
	 Northview Corporate Center LLC
	  	Northview Corporate Center, 20700 44th Avenue West, Lynnwood, Washington

  
 Exhibit
A 

 EXHIBIT B 
 LEASE LISTS 
 Northview Corporate Center 

 

	 	1.	THE LEASE dated as of January 29, 2008 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and IEPLEXUS
INC., a Washington corporation (“Tenant”). 

  

	 	a.	COMMENCEMENT DATE CONFIRMATION [UNDATED] between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and IEPLEXUS
INC., a Washington corporation (“Tenant”). 

  

	 	2.	THE LEASE dated as of January 21, 2008 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and THE
COBALT GROUP, INC., a Delaware corporation (“Tenant”). 

  

	 	a.	AMENDMENT TO LEASE made as of April 2, 2008 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and
THE COBOLT GROUP, INC., a Delaware corporation (“Tenant”). 

  

	 	b.	SECOND AMENDMENT TO LEASE made as of August 25, 2008 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and THE COBOLT GROUP, INC., a Delaware corporation (“Tenant”). 

  

	 	c.	LETTER AGREEMENT dated July 19, 2010 between THE COBALT GROUP, INC., and NORTHVIEW CORPORATE CENTER, LLC, regarding consent in connection with
proposed transaction 

  

	 	d.	THIRD AMENDMENT TO LEASE made as of February 25, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and THE COBALT GROUP, INC., a Delaware corporation (“Tenant”). 

  

	 	e.	FOURTH AMENDMENT TO LEASE made as of May 17, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and ADP, INC., a Delaware corporation (“Tenant”). 

  

	 	f.	ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT made as of May 13, 2011 by and among THE COBALT GROUP, INC. (“Assignor”) and ADP, INC., a
Delaware corporation (“Assignee”). 

  

	 	g.	GUARANTY AGREEMENT made as of February 25, 2011 by AUTOMATIC DATA PROCESSING, INC. (“Guarantor”). 

 

	 	h.	STORAGE AGREEMENT made as of May 1, 2008 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and
THE COBALT GROUP, INC., a Delaware corporation (“Tenant”). 

  
 Exhibit
B 

	 	3.	THE LEASE dated as of April 3, 2009 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and ALL FOR
KIDZ, INC., a Washington corporation (“Tenant”). 

  

	 	a.	THE FIRST AMENDMENT TO LEASE made as of October 18, 2010 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and ALL FOR KIDZ, INC., a Washington corporation (“Tenant”). 

  

	 	4.	THE LEASE dated as of July 6, 2007 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and
AUDIT & ADJUSTMENT COMPANY, INC., a Washington corporation (“Tenant”). 

  

	 	a.	AMENDMENT TO LEASE made as of November 22, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”)
and AUDIT & ADJUSTMENT COMPANY, INC., a Washington corporation (“Tenant”). 

  

	 	b.	COMMENCEMENT DATE CONFIRMATION (UNDATED) BY AND BETWEEN NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and
AUDIT & ADJUSTMENT COMPANY, INC., a Washington corporation (“Tenant”). 

  

	 	5.	THE LEASE dated as of April 1, 2013 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and CEMEX
CONSTRUCTION MATERIALS PACIFIC, LLC, a Delaware limited liability company (“Tenant”). 

  

	 	a.	AMENDMENT TO LEASE dated as of May 30, 2013 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and
CEMEX CONSTRUCTION MATERIALS PACIFIC, LLC, a Delaware limited liability company (“Tenant”) 

  

	 	6.	THE LEASE dated as of December 1, 2004 between CRS FINANCIAL II LLC, a Washington limited liability company (“Landlord”) and DAVIS SCHUELLER,
INC., a Washington corporation (“Tenant”). 

  

	 	a.	FIRST AMENDMENT TO LEASE made as of August 24, 2009 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and DAVIS SCHUELLER, INC., a Washington corporation (“Tenant”). 

  

	 	b.	SECOND AMENDMENT TO LEASE made as of October __, 2012 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”)
and DAVIS SCHUELLER, INC., a Washington corporation (“Tenant”). 

  
 Exhibit
B 

	 	c.	PARKING AGREEMENT made as of September 29, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”)
and DAVIS SCHUELLER, INC., a Washington corporation (“Lessee”). 

  

	 	d.	PARKING AGREEMENT made as of March 1, 2012 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and
DAVIS SCHUELLER, INC., a Washington corporation (“Lessee”). 

  

	 	e.	STORAGE AGREEMENT made as of September 22, 2006 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”)
and DAVIS SCHUELLER, INC., a Washington corporation (“Tenant”). 

  

	 	7.	THE LEASE dated as of August 20, 2009 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and UNITED
STATES OF AMERICA (“Tenant”). 

  

	 	a.	SUPPLEMENTAL LEASE AGREEMENT #1 made as of February 4, 2010 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and UNITED STATES OF AMERICA (“Tenant”). 

  

	 	b.	SUPPLEMENTAL LEASE AGREEMENT #2 made as of April 7, 2010 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and UNITED STATES OF AMERICA (“Tenant”). 

  

	 	c.	SUPPLEMENTAL LEASE AGREEMENT #3 made as of September 13, 2010 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and UNITED STATES OF AMERICA (“Tenant”). 

  

	 	d.	SUPPLEMENTAL LEASE AGREEMENT #4 made as of August 26, 2010 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and UNITED STATES OF AMERICA (“Tenant”). 

  

	 	e.	SUPPLEMENTAL LEASE AGREEMENT #5 made as of March 4, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and UNITED STATES OF AMERICA (“Tenant”). 

  

	 	f.	SUPPLEMENTAL LEASE AGREEMENT #6 made as of June 15, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and UNITED STATES OF AMERICA (“Tenant”). 

  
 Exhibit
B 

	 	g.	SUPPLEMENTAL LEASE AGREEMENT #7 made as of June 16, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and UNITED STATES OF AMERICA (“Tenant”). 

  

	 	h.	SUPPLEMENTAL LEASE AGREEMENT #8 made as of September 1, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and UNITED STATES OF AMERICA (“Tenant”). 

  

	 	i.	SUPPLEMENTAL LEASE AGREEMENT #9 made as of August 22, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and UNITED STATES OF AMERICA (“Tenant”). 

  

	 	j.	SUPPLEMENTAL LEASE AGREEMENT #10 made as of November 2, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and UNITED STATES OF AMERICA (“Tenant”). 

  

	 	k.	SUPPLEMENTAL LEASE AGREEMENT #11 made as of March 19, 2012 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and UNITED STATES OF AMERICA (“Tenant”). 

  

	 	l.	STORAGE AGREEMENT made as of August 15, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and
FEMA REGION 10 (“Tenant”). 

  

	 	m.	CONFIRMATION OF COMMENCEMENT DATE dated April 28, 2010, by NORTHVIEW CORPORATE CENTER, LLC (“Landlord”). 

 

	 	8.	THE LEASE dated as of June 1, 2007 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and FINE BUSINESS
SOLUTIONS, LLC, a Washington limited liability company (“Tenant”). 

  

	 	a.	FIRST AMENDMENT TO LEASE made as of April __, 2010 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”)
and FINE BUSINESS SOLUTIONS, LLC, a Washington limited liability company (“Tenant”). 

  

	 	b.	STORAGE SPACE LEASE AGREEMENT made as of August 1, 2011 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and FINE BUSINESS SOLUTIONS, LLC, a Washington limited liability company (“Tenant”). 

  

	 	9.	THE LEASE dated as of April 16, 2012 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and HOMESTREET
BANK, a Washington state chartered savings bank (“Tenant”). 

  
 Exhibit
B 

	 	a.	FIRST AMENDMENT TO LEASE made as of January 30, 2013 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and HOMESTREET BANK, a Washington state chartered savings bank (“Tenant”). 

  

	 	b.	COMMENCEMENT DATE CONFIRMATION dated [UNDATED], by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and
HOMESTREET BANK, a Washington state chartered savings bank (“Tenant”). 

  

	 	10.	THE LEASE dated as of June 21, 2010 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and LION NEW
MEDIA LLC, a Washington limited liability company (“Tenant”). 

  

	 	a.	FIRST AMENDMENT TO LEASE made as of August 31, 2012 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Landlord”) and LION NEW MEDIA LLC, a Washington limited liability company (“Tenant”). 

  

	 	b.	PARKING AGREEMENT made as of May 17, 2012 by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and
LION NEW MEDIA LLC, a Washington limited liability company (“Tenant”) (with Tenant erroneously referred to as “Lion New Media, Inc.” in the Parking Agreement). 

 

	 	c.	COMMENCEMENT DATE CONFIRMATION (UNDATED) by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company and LION NEW MEDIA LLC, a
Washington limited liability company. 

  

	 	11.	THE LEASE dated as of December 6, 2010 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and POST,
BUCKLEY, SCHUH & JERNIGAN, INC., a Florida corporation (“Tenant”). 

  

	 	a.	COMMENCEMENT DATE CONFIRMATION (UNDATED) by and between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and POST,
BUCKLEY, SCHUH & JERNIGAN, INC., a Florida corporation (“Tenant”). 

  

	 	12.	THE LEASE dated as of May 25, 2010 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Landlord”) and THE
UNIVERSITY OF PHOENIX, INC, an Arizona corporation (“Tenant”). 

  

	 	a.	GUARANTY OF LEASE dated May 25, 2010 (“Guaranty”), by APOLLO GROUP, INC., an Arizona corporation, for the benefit of Landlord.

  

	 	b.	COMMENCEMENT DATE CONFIRMATION dated January 19, 2011 by and between Landlord and Tenant. 

 

	 	13.	THE LICENSE AGREEMENT dated as of August 20, 2012, between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company (“Owner”) and
COMCAST CABLE COMMUNICATIONS MANAGEMENT, LLC, a Delaware limited liability company. 

  
 Exhibit
B 

	 	14.	THE UTILITY ACCESS AGREEMENT dated as of November 23, 2009 between NORTHVIEW CORPORATE CENTER, LLC, a Delaware limited liability company
(“Licensor”) and TW TELECOM OF WASHINGTON, LLC, a Delaware limited liability company (“Licensee”). 

 83 King 
  

	 	1.	OFFICE LEASE dated November     , 2008, between STARBUCKS CORPORATION, as- Washington corporation, (“Landlord”), and ING
BANK, fsb, a federally chartered savings bank, dba ING DIRECT,- (“Tenant”). 

  

	 	a.	FIRST AMENDMENT TO LEASE dated February 23, 2009 by and between STARBUCKS CORPORATION, a Washington corporation, (“Landlord”), and ING
BANK, fsb, a federally chartered savings bank, dba ING DIRECT (“Tenant”). 

  

	 	2.	OFFICE LEASE dated April     , 2012, between KING & DEARBORN, LLC, a Delaware limited liability company,
(“Landlord”), and SOCRATA, INC., a Delaware corporation, (“Tenant”). 

  

	 	3.	OFFICE LEASE dated December 15, 2010, between STARBUCKS CORPORATION, a Washington corporation (“Landlord”), and SUMMIT POWER GROUP, INC., a
Delaware corporation (“Tenant”). 

  

	 	a.	LETTER, dated August 24, 2011, from SUMMIT POWER GROUP, LLC (“Tenant”) to KING & DEARBORN, LLC (“Landlord”).

  

	 	b.	LETTER, dated September 28, 2011 from URBAN RENAISSANCE GROUP (“Urban”) to SUMMIT POWER GROUP, LLC (“Tenant”).

  

	 	c.	LETTER, dated April 5, 2012, from URBAN RENAISSANCE GROUP (“Urban”) to SUMMIT POWER GROUP, LLC (“Tenant”).

  

	 	4.	RETAIL LEASE dated August 31, 2000, between MSI 83 KING L.L.C., a Washington limited liability company (“Landlord”), and KUH JOON YANG and
YOUNG HWA YANG, husband and wife (“Tenant”). 

  

	 	a.	ASSIGNMENT OF LEASE BY TENANT AND CONSENT OF LANDLORD dated January 31, 2001 by and between MSI 83 KING L.L.C., a Washington limited liability company
(“Landlord”), KUH JOON YANG and YOUNG HWA YANG, husband and wife (“Assignor”), and SUN A. CHOO AND JUN I. CHOO, husband and wife and YOUNG S. CHO AND JAYNE S. CHO, husband and wife
(“Assignee”). 

  

	 	b.	LEASE AMENDMENT NO. 1 dated January 31, 2001 by and between MSI 83 KING L.L.C., a Washington limited liability company, (“Landlord”), and SUN
A. CHOO AND JUN I. CHOO, husband and wife and YOUNG S. CHO AND JAYNE S. CHO, husband and wife (“Tenant”). 

  
 Exhibit
B 

	 	c.	ASSIGNMENT OF LEASE BY TENANT AND CONSENT OF LANDLORD dated May 8, 2002 by and between MSI 83 KING L.L.C., a Washington limited liability company
(“Landlord”), SUN A. CHOO AND JUN I. CHOO, husband and wife and YOUNG S. CHO AND JAYNE S. CHO, husband and wife (“Assignor”) and CHONG KU KIM AND YOUNG AE KIM, husband and wife (“Assignee”).

  

	 	d.	LEASE AMENDMENT NO. 2 dated May 9, 2002 by and between MSI 83 KING L.L.C., a Washington limited liability company (“Landlord”), and CHONG KU
KIM AND YOUNG AE KIM, husband and wife (“Tenant”) 

  

	 	e.	LEASE AMENDMENT NO. 3 dated May 23, 2007 by and between STARBUCKS CORPORATION, a Washington corporation (“Landlord”) and CHONG KU KIM AND YOUNG
AE KIM, husband and wife (“Tenant”) 

  

	 	f.	LEASE AMENDMENT NO. 4 dated November 20, 2008 by and between STARBUCKS CORPORATION, a Washington corporation (“Landlord”) and CHONG KU KIM AND
YOUNG AE KIM, husband and wife (“Tenant”) 

  

	 	g.	LETTER AGREEMENT dated July 27, 2012 by and between KING & DEARBORN, LLC (“Landlord”) and CHONG KU KIM AND YOUNG AE KIM, husband
and wife (“Tenant”) 

  

	 	5.	UPS LETTER CENTER AGREEMENT dated August 3, 1987, between UNITED PARCEL SERVICE, INC. (UPS) and MARTIN SMITH, INC.. 

 

	 	a.	Amended by an additional letter also dated August 3, 1987 between UNITED PARCEL SERVICE, INC. (UPS) and MARTIN SMITH, INC..

  

	 	6.	COMMUNICATIONS SITE LEASE AGREEMENT dated November 29, 2004, between MSI 83 KING L.L.C., a Washington limited liability company, (“Lessor”), and
PACIFIC BELL WIRELESS NORTHWEST, LLC, a Delaware limited liability company, doing business as Cingular Wireless (“Lessee”). 

  

	 	7.	COMMUNICATION LICENSE AGREEMENT dated March 16, 2011, between STARBUCKS CORPORATION (“Owner”), and ATLAS NETWORKS, LLC (“User”).

  

	 	8.	LICENSE AGREEMENT dated May     , 2012, between KING & DEARBORN, LLC, a Delaware limited liability company,
(“Owner”), and COMCAST CABLE COMMUNICATIONS MANAGEMENT, LLC, a Delaware limited liability company, (“Comcast”). 

 505 First 
  

	 	1.	OFFICE LEASE dated April 29, 2010, between STARBUCKS CORPORATION, as Washington corporation, (“Landlord”), and NUANCE COMMUNICATIONS, INC.,
a Delaware corporation (“Tenant”). 

  

	 	a.	FIRST AMENDMENT TO LEASE dated July 20, 2011 by and between STARBUCKS CORPORATION, as Washington corporation, (“Landlord”), and NUANCE
COMMUNICATIONS, INC., a Delaware corporation, (“Tenant”). 

  
 Exhibit
B 

	 	2.	OFFICE LEASE dated May 15, 2012, between KING & DEARBORN, LLC, a Delaware limited liability company, (“Landlord”), and EMC
CORPORATION, a Massachusetts corporation (“Tenant”). 

  

	 	a.	FIRST AMENDMENT TO LEASE dated                     , 2013 by
and between KING & DEARBORN, LLC, a Delaware limited liability company, (“Landlord”), and EMC CORPORATION, a Massachusetts corporation (“Tenant”). [UNEXECUTED AS OF THE DATE OF THIS AGREEMENT]

  

	 	b.	COMMENCEMENT DATE CONFIRMATION, between KING & DEARBORN, LLC, a Delaware limited liability company (“Landlord”), and EMC CORPORATION, a
Massachusetts corporation (“Tenant”). 

  

	 	3.	RIGHT OF ENTRY dated September 22, 2011, between KING & DEARBORN, LLC, a Delaware limited liability company, and STATE OF WASHINGTON DEPARTMENT
OF TRANSPORTATION. 

 Met Park North 

 

	 	1.	OFFICE LEASE dated March 18, 2013, between 1220 HOWELL LLC, a Delaware limited liability company (“Landlord”), and AMAZON CORPORATE LLC, a
Delaware limited liability company (“Tenant”). 

  

	 	2.	Office Lease dated March 15, 2001, between BENAROYA CAPITAL COMPANY, LLC, a Washington limited liability company (“Landlord”), and NORDSTROM,
INC., a Washington corporation (“Tenant”). 

  

	 	a.	FIRST LEASE AMENDMENT dated August 22, 2001 by and between BENAROYA CAPITAL COMPANY, LLC, a Washington limited liability company (“Landlord”), and
NORDSTROM, INC., a Washington corporation (“Tenant”). 

  

	 	b.	SECOND LEASE AMENDMENT dated April 30, 2002 by and between BENAROYA CAPITAL COMPANY, LLC, a Washington limited liability company (“Landlord”), and
NORDSTROM, INC., a Washington corporation (“Tenant”). 

  

	 	c.	THIRD LEASE AMENDMENT dated October 12, 2010 by and between ELPF MET PARK NORTH, LLC, a Delaware limited liability company (“Landlord”), and
NORDSTROM, INC., a Washington corporation (“Tenant”). 

  

	 	d.	FOURTH LEASE AMENDMENT dated December 5, 2011 by and between ELPF MET PARK NORTH, LLC, a Delaware limited liability company (“Landlord”), and
NORDSTROM, INC., a Washington corporation (‘Tenant”). 

  

	 	e.	TERMINATION OPTION EXERCISE NOTICE LETTER dated April 30, 2012 by NORDSTROM, INC., a Washington corporation (“Tenant”). 

 

	 	f.	FIFTH LEASE AMENDMENT dated December 6, 2012 by and between 1220 HOWELL LLC, a Delaware limited liability company (“Landlord”) and NORDSTROM,
INC., a Washington corporation (“Tenant”). 

  
 Exhibit
B 

	 	g.	SIXTH LEASE AMENDMENT dated January 25, 2013 by and between 1220 HOWELL LLC, a Delaware limited liability company (“Landlord”) and NORDSTROM,
INC., a Washington corporation (“Tenant”). 

  

	 	h.	SEVENTH LEASE AMENDMENT dated February 25, 2013 by and between 1220 HOWELL LLC, a Delaware limited liability company (“Landlord”) and
NORDSTROM, INC., a Washington corporation (“Tenant”). 

  

	 	i.	LANDLORD’S NOTICE OF EARLY TERMINATION dated March 13, 2013 by 1220 HOWELL LLC, a Delaware limited liability company (“Landlord”).

  

	 	3.	RETAIL LEASE dated April 21, 1999, between BENAROYA CAPITAL COMPANY, LLC, a Washington limited liability company, (“Lessor”), and 24 HOUR
FITNESS, INC., a California corporation, (“Lessee”) 

  

	 	a.	AMENDED AND RESTATED FIRST LEASE AMENDMENT dated April 2, 2002 by and between BENAROYA CAPITAL COMPANY, LLC, a Washington limited liability company,
(“Lessor”), and 24 HOUR FITNESS USA, INC., a California corporation, (“Lessee”). 

  

	 	b.	SECOND LEASE AMENDMENT dated September 18, 2002 by and between BENAROYA CAPITAL COMPANY, LLC, a Washington limited liability company, (“Lessor”),
and 24 HOUR FITNESS USA, INC., a California corporation, (“Lessee”). 

  

	 	c.	THIRD AMENDMENT TO LEASE dated January 31, 2013 by and between 1220 HOWELL LLC, a Delaware limited liability company (“Landlord”) and 24 HOUR
FITNESS USA, INC., a California corporation, (“Tenant”). 

  

	 	d.	LETTER AGREEMENT dated December 7, 2012 by and between 1220 HOWELL LLC, a Delaware limited liability company (“Landlord”) and 24 HOUR FITNESS
USA, INC., a California corporation, (“Tenant”). 

  

	 	e.	FOURTH AMENDMENT TO LEASE dated June __, 2013 by and between 1220 HOWELL LLC, a Delaware limited liability company (“Landlord”) and 24 HOUR FITNESS
USA, INC., a California corporation (“Tenant”) [UNEXECUTED AS OF THE DATE OF THIS AGREEMENT]. 

  

	 	4.	OFFICE LEASE dated October 3, 2002, between BENAROYA CAPITAL COMPANY, LLC, a Washington limited liability company, (“Landlord”), and JURGA
MARTINIA D.M.D., P.S., a Washington corporation, dba Advanced Metropolitan Dentistry (“Tenant”) 

  

	 	a.	AMENDMENT TO LEASE dated January 3, 2013 by and between 1220 HOWELL LLC, a Delaware limited liability company (“Landlord”) and JURGA MARTINIA
D.M.D., P.S. , a Washington professional service corporation, dba Advanced Metropolitan Dentistry, (“Tenant”). 

  

	 	b.	AMENDMENT TO LEASE dated March 25, 2013 by and between 1220 HOWELL LLC, a Delaware limited liability company (“Landlord”) and JURGA MARTINIA
D.M.D., P.S., a Washington professional service corporation, dba Advanced Metropolitan Dentistry, (“Tenant”). 

  
 Exhibit
B 

	 	5.	RETAIL LEASE dated October 24, 2001, between BENAROYA CAPITAL COMPANY, LLC, a Washington limited liability company (“Lessor”), and SUBWAY REAL
ESTATE CORP., a Delaware corporation (“Lessee”). 

  

	 	a.	FIRST AMENDMENT dated September 7, 2006 by and between ELPF MET PARK NORTH, L.L.C., a Delaware limited liability company, (“Landlord”) and
SUBWAY REAL ESTATE CORP., a Delaware corporation (“Tenant”). 

  

	 	b.	The ASSIGNMENT OF LEASE dated September 12, 2011 by SUBWAY REAL ESTATE CORP., a Delaware corporation (“Assignor”) to SUBWAY REAL ESTATE,
LLC, a Delaware limited liability company (“Assignee”). 

  

	 	c.	SECOND AMENDMENT dated January 17, 2012 by and between ELPF MET PARK NORTH, L.L.C., a Delaware limited liability company (“Landlord”) and
SUBWAY REAL ESTATE LLC, a Delaware limited liability company (“Tenant”). 

  

	 	6.	COMMERCIAL RIGHT OF ENTRY AGREEMENT dated August 31, 2001 by and between TCI CABLEVISION OF WASHINGTON, INC., and BENAROYA CAPITAL COMPANY, LLC.

  

	 	7.	TELECOMMUNICATIONS LICENSE AGREEMENT dated August 1, 2002, between BENAROYA CAPITAL COMPANY, LLC, a Washington limited liability company,
(“Licensor”), and COGENT COMMUNICATIONS, INC., a Delaware corporation, (“Licensee”). 

  

	 	a.	RENEWAL LETTER dated April 27, 2007 by COGENT COMMUNICATIONS, INC., a Delaware corporation (“Licensee”). 

 

	 	b.	RENEWAL LETTER dated May 23, 2012 by COGENT COMMUNICATIONS, INC., a Delaware corporation (“Licensee”). 

 

	 	c.	RENEWAL RESPONSE LETTER dated May 24, 2012 by and between 1220 HOWELL LLC, a Delaware limited liability company and COGENT COMMUNICATIONS, INC., a
Delaware corporation (“Licensee”). 

  

	 	8.	TELECOMMUNICATIONS LICENSE AGREEMENT dated November 1, 2008, between ELPF MET PARK NORTH, LLC, a Delaware limited liability company(“Owner”),
and LEVEL 3 COMMUNICATIONS, LLC, a Delaware limited liability company, (“Licensee”). 

  

	 	a.	FIRST AMENDMENT OF TELECOMMUNICATIONS LICENSE AGREEMENT dated
                    , 2012 by and between ELPF MET PARK NORTH, LLC, a Delaware limited liability company (“Licensor”), and
LEVEL 3 COMMUNICATIONS, LLC, a Delaware limited liability company (“Licensee”). 

  
 Exhibit
B 

 EXHIBIT C 
 EXCLUDED PERSONAL PROPERTY LISTS 
  

	1.	All personal property, including without limitation, any computers and the software thereon, located in the property management office located at the Real Property.

  

	2.	All personal property of the building engineer located at the Real Property. 

  
 Exhibit
C 

 EXHIBIT D 
 LISTS OF CONTRACTS 
 First and King 

 

	 	•	 	 Parking Agreement between King & Dearborn, LLC and Standard Parking Corporation dated October 7, 2011 

 

	 	•	 	 Property Management Agreement between King & Dearborn, LLC and CBRE dated August 15, 2012 

 

	 	•	 	 Exclusive Listing Agreement between King & Dearborn, LLC and Urbis Partners, LLC dated January _, 2012 

 

	 	•	 	 Cleaning - Janitorial Services Agreement between King and Dearborn LLC and Alliance Building Services LLC dated January 2, 2013

  

	 	•	 	 On-line Services Agreement between King & Dearborn LLC and CBRE, Inc. dated December 5, 2012 

 

	 	•	 	 Video Service Agreement between King & Dearborn LLC and Avidex dated October 23, 2012 

 

	 	•	 	 Landscaping Service Agreement between King & Dearborn LLC and Botanical Designs dated October 19, 2012 

 

	 	•	 	 Recycling Agreement between King & Dearborn LLC and CleanScapes dated November 27, 2012 

 

	 	•	 	 Alarm Testing Agreement between King & Dearborn LLC and Convergint Technologies dated November 21, 2012 

 

	 	•	 	 Isilon Cooling Tower HVAC Service Agreement between King & Dearborn LLC and MacDonald Miller Facility Solutions dated September 14, 2012

  

	 	•	 	 HVAC Service Agreement (Mac Miller A) between King & Dearborn LLC and MacDonald Miller Facility Solutions dated September 14, 2012

  

	 	•	 	 HVAC Service Agreement (Mac Miller B) between King & Dearborn LLC and MacDonald Miller Facility Solutions dated September 14, 2012

  

	 	•	 	 Security Service Agreement between King & Dearborn LLC and Northwest Security Services, Inc. dated September 13, 2012

  

	 	•	 	 Elevator Service Contract (505 First) between King & Dearborn LLC and Otis Elevator Company dated October 2, 2012

  

	 	•	 	 Window Maintenance Service Contract between King & Dearborn LLC and Puget Sound Window Maintenance dated September 28, 2012

  

	 	•	 	 Pest Control Service Contract between King & Dearborn LLC and Sprague Pest Solutions dated October 2, 2012 

 

	 	•	 	 License Agreement between King & Dearborn LLC and Comcast Cable Communications Management, LLC dated May _, 2012 

  
 Exhibit
D 

	 	•	 	 Facilities Easement Agreement between King & Dearborn LLC and Comcast Cable Communications Management, LLC dated May _, 2012

 Met Park North 
  

	 	•	 	 Property Management Agreement between 1220 Howell LLC and Kidder Mathews dated June 30, 2012 

 

	 	•	 	 Parking Management Agreement between 1220 Howell LLC and Standard Parking Corporation dated April 16, 2012 

 

	 	•	 	 Tax Consultant Agreement between 1220 Howell LLC and Northwest Property Tax Consultants dated March 8, 2013 

 

	 	•	 	 Exclusive Listing Agreement between 1220 Howell LLC and Colliers International WA, LLC dated October 29, 2012 

 

	 	•	 	 Consulting Agreement between 1220 Howell LLC and Bloom Projects, LLC dated June 8, 2012 

 

	 	•	 	 Security Service Contract between Kidder Mathews and AlliedBarton dated August 1, 2012 

 

	 	•	 	 HVAC Automation Service Contract between 1220 Howell LLC and ATS Automation dated October 1, 2012 

 

	 	•	 	 Landscaping Service Contract between 1220 Howell LLC and Camden Gardens dated July 27, 2012 

 

	 	•	 	 Recycling Service Contract between 1220 Howell LLC and Cleanscapes dated July 18, 2012 

 

	 	•	 	 Pest Control Service Contract between 1220 Howell LLC and Eden Advanced Pest Technologies dated July 26, 2012 

 

	 	•	 	 Elevator Service Contract between 1220 Howell LLC and Eltec Elevator Services dated July 19, 2012 

 

	 	•	 	 Generator Testing Service Contract between 1220 Howell LLC and Generator Services NW, LLC dated July 26, 2012 

 

	 	•	 	 Fire Monitoring Contract between 1220 Howell LLC and Honeywell Building Services dated December 17, 2012 

 

	 	•	 	 HVAC Maintenance Contract between 1220 Howell LLC and MacDonald Miller Facility Solutions, Inc. dated July 26, 2012 

 

	 	•	 	 Fire System Testing Service Contract between 1220 Howell LLC and Northwest Fire Systems dated December 17, 2012 

 

	 	•	 	 Janitorial Service Contract between 1220 Howell LLC and Pacific Building Services, Inc. dated August 22, 2012 

 

	 	•	 	 Window Washing Service Contract between 1220 Howell LLC and Puget Sound Window Maintenance dated January 31, 2013 

  
 Exhibit
D 

 Northview 

 

	 	•	 	 Property Management Agreement between Northview Corporate Center, LLC and CBRE, Inc. dated September 25, 2006 as amended on January 1, 2009
and January 30, 2013 

  

	 	•	 	 Exclusive Listing Agreement between Northview Corporate Center, LLC and CMN, Inc. d/b/a Colliers International dated October 19, 2006

  

	 	•	 	 Consulting Agreement between Northview Corporate Center, LLC and Bloom Projects, LLC dated September 24, 2006 

 

	 	•	 	 Tax Consultant Agreement between Northview Corporate Center, LLC and Northwest Property Tax Consultants dated August 7, 2012

  

	 	•	 	 Interior Plants Service Contract between Northview Corporate Center, LLC and Botanical Designs, Inc. dated July 1, 2012

  

	 	•	 	 Exterior Plants Service Contract between Northview Corporate Center, LLC and Botanical Designs, Inc. dated April 1, 2012

  

	 	•	 	 Security Service Contract between Northview Corporate Center, LLC and Horizon Security Services, Inc. dated April 1, 2012

  

	 	•	 	 Inclement Weather Service Contract between Northview Corporate Center, LLC and McDonough & Sons, Inc. dated April 15, 2011

  

	 	•	 	 Window Washing Service Contract between Northview Corporate Center, LLC and Morris Hansen Enterprises, Inc. dated April 15, 2011

  

	 	•	 	 Cooling Tower Service Contract between Northview Corporate Center, LLC and Nalco Company dated August 1, 2012 

 

	 	•	 	 HVAC Maintenance Service Contract between Northview Corporate Center, LLC and Pacific Air Control, Inc. dated August 1, 2012

  

	 	•	 	 Landscaping Service Contract between Northview Corporate Center, LLC and Par Four Landscape Services dated April 28, 2011

  

	 	•	 	 Fire and Life Safety Service Contract between Northview Corporate Center, LLC and Smith Fire Systems Management dated July 15, 2011

  

	 	•	 	 Roof Maintenance Service Contract between Northview Corporate Center, LLC and Snyder Roofing of Washington LLC dated April 4, 2013

  

	 	•	 	 Cardkey Access Service Contract between Northview Corporate Center, LLC and JSH Maintenance Services LLC dated January 18, 2013

  

	 	•	 	 Janitorial Service Contract between Northview Corporate Center, LLC and Top Quality Building Maintenance dated January 18, 2012

  

	 	•	 	 Elevator Service Contract between Northview Corporate Center, LLC and ThyssenKrupp Elevator Corporation dated November 5, 2006

  

	 	•	 	 FTTP Premises Access License Agreement between James Fogarty, Asset Manger, and Verizon Northwest Inc. dated April 21, 2009

  
 Exhibit
D 

 EXHIBIT E 
 FORM OF DEED 
 After Recording Return To: 

			
	  

	  

	  

	  

 Attention:
                                         
    
 [Note: Location of the full legal description needs to be noted in the “cover page” information] 

[Note: the deed will need to be reformatted to comply with WA margin requirements. On the first page, the top 3” needs to be bare except for
the “return to:” box may be within the top 3”. On the first and every page thereafter, the 1” margin on each side of the paper must be complete bare of all writing, e.g. footer information, page numbers, etc.] 

BARGAIN AND SALE DEED 
 GRANTOR:
                    , a
                     
 GRANTEE:
                    , a
                     
  

					
	Abbreviated Legal Description:	  	  

		  	  

		  	  

  

					
	Assessor’s Tax Parcel ID#:	  	  

 THE GRANTOR,
                    , a
                    , for and in consideration of Ten Dollars ($10.00) in hand paid, bargains, sells and conveys to
                    , a
                    , the following described real estate, situated in the City of
                    , County of
                    , State of Washington: 
 See Exhibit A attached hereto and incorporated herein by this reference. 

Subject to and excepting: 
  

	 	1.	All matters of record set forth on Exhibit B attached hereto; 

  

	 	2.	All matters which an accurate survey of the above property would show; 

  
 Exhibit
E 

	 	3.	Real estate taxes and assessments not yet delinquent; and 

  

	 	4.	All leases affecting the real property described above. 

 Dated                     , 2013. 

[SIGNATURE BLOCK OF GRANTOR] 

STATE OF                       )

                         
                  ) ss. 
 COUNTY OF
                   ) 
 On this
                     day of
                    , 2013, before me, the undersigned, a Notary Public in and for the State of
                    , duly commissioned and sworn, personally appeared
                            , to me known as, or providing satisfactory evidence that he/she is the
                     of
                    , a
                     the
                     that executed the foregoing instrument and acknowledged the said instrument to be the free and voluntary act and deed of
said                      for the uses and purposes therein mentioned and on oath stated that he/she is authorized to execute said instrument.

 WITNESS my hand and official seal hereto affixed the day and year in this certificate above written. 

 

			
	
                    
                                         
                            

	NOTARY PUBLIC, in and for the State
	of                     , residing at 
                                         
   
	Commission expires:                       
                              
	Print Name:                         
                                         
  

  
 Exhibit
E 

 EXHIBIT A 
 Legal Description 

  
 Exhibit
E 

 EXHIBIT B 
 Matters of Record 

  
 Exhibit
E 

 EXHIBIT F 
 ASSIGNMENT OF LEASES 
 THIS ASSIGNMENT, made as of
                    , 2013, by and between
                    , a
                     (“Seller”), and
                    , a
                     (“Buyer”), 
 W I T N E S S E T H: 
 WHEREAS, Seller and Buyer have entered into that
certain Purchase Agreement, dated                      , 2013 (the “Purchase Agreement”), pursuant to which Seller has
agreed to sell and Buyer has agreed to buy that certain office project commonly known as [                    ], Washington (the
“Property”); and 
 WHEREAS, Seller and buyer desire to enter into this Assignment of Leases in conjunction with the
sale of the Property pursuant to the Purchase Agreement; 
 NOW THEREFORE, for valuable consideration, receipt of which is
acknowledged, Seller and Buyer agree as follows: 
 1. Assignment and Assumption. 

(a) Seller hereby assigns and transfers to Buyer all right, title and interest of Seller in, to and under the leases (the
“Leases”) described in Exhibit A attached hereto and made a part hereof and all Security Deposits described in Exhibit A. 
 (b) Buyer hereby accepts the foregoing assignment, and assumes and agrees to perform all of the covenants and agreements in the Leases to be performed by the landlord thereunder that arise or accrue from
and after the date of this Assignment. 
 2. Indemnification. 

(a) Seller shall indemnify and defend Buyer against and hold Buyer harmless from all claims, demands, liabilities, losses, damages, costs
and expenses, including, without limitation, reasonable attorneys’ fees and disbursements, that are caused by any failure by Seller to perform the obligations of the landlord under the Leases before the date of this Assignment, subject to the
provisions of section 6.1(c) of the Purchase Agreement. 
 (b) Buyer shall indemnify and defend Seller against and hold Seller
harmless from all claims, demands, liabilities, losses, damages, costs and expenses, including, without limitation, reasonable attorneys’ fees and disbursements, that are caused by any failure by Buyer to perform the obligations of the landlord
first arising or accruing under the Leases on or after the date of this Assignment. 
 3. Further Assurances. Seller and
Buyer agree to execute such other documents and perform such other acts as may be reasonably necessary or proper and usual to effect this Assignment. 

  
 Exhibit
F 

 4. Governing Law. This Assignment shall be governed by and construed in accordance
with the laws of the State of Washington. 
 5. Successors and Assigns. This Assignment shall be binding upon and shall
inure to the benefit of Seller and Buyer and their respective personal representatives, heirs, successors and assigns. 
 6.
Severability. If one or more provisions of this Assignment are held by a proper court to be unenforceable under applicable law, portions of such provisions, or such provisions in their entirety, to the extent necessary and permitted by law,
shall be severed herefrom, and the balance of this Assignment shall be enforceable in accordance with its terms. 
 7.
Attorneys’ Fees. If there is any legal action or proceeding between Seller and Buyer arising from or based on this Assignment, the unsuccessful party to such action or proceeding shall pay to the prevailing party all costs and expenses,
including reasonable attorneys’ fees, incurred by such prevailing party in such action or proceeding and in any appeal in connection therewith. If such prevailing party recovers a judgment in any such action, proceeding or appeal, such costs,
expenses and attorneys’ fees shall be included in and as a part of such judgment. 
 IN WITNESS WHEREOF, Seller and Buyer
have executed this Assignment as of the date first hereinabove written. 
  

			
	SELLER:
	
	
                    , a
                    

		
	 By
	 	  

		
	 Name
	 	  

		
	 Its
	 	  

	
	 BUYER:

	
	
                    , a
                    

		
	 By
	 	  

		
	 Name
	 	  

		
	 Its
	 	  

  
 Exhibit
F 

 EXHIBIT G 
 BILL OF SALE 
 FOR GOOD AND VALUABLE CONSIDERATION, receipt of which is
hereby acknowledged,                     , a
                     (“Seller”), does hereby grant, bargain, sell, convey, assign, transfer, and deliver to
                    , a
                     (“Buyer”), all of Seller’s right, title and interest in and to all appliances, fixtures, equipment,
machinery, furniture, furnishings, decorations and other personal property, if any, located on or about that certain real property described in Exhibit A, attached hereto and incorporated by reference (the “Property”), excluding,
however, word processing and computer equipment, software and computer accessories, any fixtures, furnishings or equipment leased by Seller (as the lessee), and any of the personal property listed on Exhibit B attached hereto. 

Seller covenants that it will, at any time and from time to time upon written request therefor, at Buyer’s sole expense and without
the assumption of any additional liability thereby, execute and deliver to Buyer, its nominees, successors and/or assigns, any new or confirmatory instruments and do and perform any other acts which Buyer, its nominees, successors and/or assigns,
may reasonably request in order to fully assign and transfer to and vest in Buyer, its nominees, successors and/or assigns, and protect its or their rights, title and interest in and enjoyment of, all of the assets of Seller intended to be
transferred and assigned hereby, or to enable Buyer, its nominees, successors and/or assigns, to realize upon or otherwise enjoy any such assets. 
 This Agreement may be executed in any number of identical counterparts, and each counterpart hereof shall be deemed to be an original instrument, but all counterparts hereof taken together shall
constitute but a single instrument. 
 (Signature page follows) 

  
 Exhibit G
 

 IN WITNESS WHEREOF, the parties have signed and delivered this Bill of Sale as of the
                    day of
                    , 2013. 
 SELLER: 
 BUYER: 

  
 Exhibit G
 

 STATE OF
                       ) 
                                   
         ) ss. 
 COUNTY OF
                   ) 
 On this
                     day of
                    , 2013, before me, the undersigned, a Notary Public in and for the State of
                    , duly commissioned and sworn, personally appeared
                    , to me known as, or providing satisfactory evidence that he/she is the
                     of
                    , a
                     the
                     that executed the foregoing instrument and acknowledged the said instrument to be the free and voluntary act and deed of
said                      for the uses and purposes therein mentioned and on oath stated that he/she is authorized to execute said instrument.

 WITNESS my hand and official seal hereto affixed the day and year in this certificate above written. 

 

			
	
                    
                                         
                            

	NOTARY PUBLIC, in and for the State
	of                     , residing at 
                                         
   
	Commission expires:                       
                              
	Print Name:                         
                                         
  

 STATE OF
                       ) 

                         
                  ) ss. 
 COUNTY OF
                   ) 
 On this
                     day of
                    , 2013, before me, the undersigned, a Notary Public in and for the State of
                    , duly commissioned and sworn, personally appeared
                    , to me known as, or providing satisfactory evidence that he/she is the
                     of
                    , a
                     the
                     that executed the foregoing instrument and acknowledged the said instrument to be the free and voluntary act and deed of
said                      for the uses and purposes therein mentioned and on oath stated that he/she is authorized to execute said instrument.

 WITNESS my hand and official seal hereto affixed the day and year in this certificate above written. 

 

			
	
                    
                                         
                            

	NOTARY PUBLIC, in and for the State
	of                     , residing at 
                                         
   
	Commission expires:                       
                              
	Print Name:                         
                                         
  

  
 Exhibit G
 

 Exhibit A to Bill of Sale 

Property Description 

  
 Exhibit G
 

 Exhibit B to Bill of Sale 

Excluded Personal Property 
 [List any] 

  
 Exhibit G
 

 EXHIBIT H 
 ASSIGNMENT OF CONTRACTS 
 THIS ASSIGNMENT, made as of
                    , 2013, by and between
                    , a
                     (“Seller”), and
                    , a
                     (“Buyer”), 
 W I T N E S S E T H: 
 WHEREAS, Seller and Buyer have entered into that
certain Purchase Agreement, dated                     , 2013 (the “Purchase Agreement”), pursuant to which Seller has agreed to sell
and Buyer has agreed to buy that certain office project commonly known as [                    ] Washington (the “Property”); and

 WHEREAS, Seller and buyer desire to enter into this Assignment of Contracts in conjunction with the sale of the Property
pursuant to the Purchase Agreement; 
 NOW THEREFORE, for valuable consideration, receipt of which is acknowledged, Seller and
Buyer agree as follows: 
 1. Assignment and Assumption. 

(a) Seller hereby assigns and transfers to Buyer all right, title and interest of Seller in, to and under the contracts (the
“Contracts”) described in Exhibit A attached hereto and made a part hereof. 
 (b) Buyer hereby accepts
the foregoing assignment, and assumes and agrees to perform all of the covenants and agreements in the Contracts to be performed by Seller thereunder that arise or accrue from and after the date of this Assignment. 

2. Indemnification. 
 (a) Seller shall indemnify and defend Buyer against and hold Buyer harmless from all claims, demands, liabilities, losses, damages, costs and expenses, including, without limitation, reasonable
attorneys’ fees and disbursements, that are caused by any failure by Seller to perform the obligations of Seller under the Contracts before the date of this Assignment, subject to the provisions of section 6.1(c) of the Purchase Agreement.

 (b) Buyer shall indemnify and defend Seller against and hold Seller harmless from all claims, demands, liabilities, losses,
damages, costs and expenses, including, without limitation, reasonable attorneys’ fees and disbursements, that are caused by any failure by Buyer to perform the obligations of Seller first arising or accruing under the Contracts on or after the
date of this Assignment. 

  
 Exhibit
H 

 3. Further Assurances. Seller and Buyer agree to execute such other documents and
perform such other acts as may be reasonably necessary or proper and usual to effect this Assignment. 
 4. Governing
Law. This Assignment shall be governed by and construed in accordance with the laws of the State of Washington. 
 5.
Successors and Assigns. This Assignment shall be binding upon and shall inure to the benefit of Seller and Buyer and their respective personal representatives, heirs, successors and assigns. 

6. Severability. If one or more provisions of this Assignment are held by a proper court to be unenforceable under applicable law,
portions of such provisions, or such provisions in their entirety, to the extent necessary and permitted by law, shall be severed herefrom, and the balance of this Assignment shall be enforceable in accordance with its terms. 

7. Attorneys’ Fees. If there is any legal action or proceeding between Seller and Buyer arising from or based on this
Assignment, the unsuccessful party to such action or proceeding shall pay to the prevailing party all costs and expenses, including reasonable attorneys’ fees, incurred by such prevailing party in such action or proceeding and in any appeal in
connection therewith. If such prevailing party recovers a judgment in any such action, proceeding or appeal, such costs, expenses and attorneys’ fees shall be included in and as a part of such judgment. 

IN WITNESS WHEREOF, Seller and Buyer have executed this Assignment as of the date first hereinabove written. 

 

			
	SELLER:
	
	
                    , a
                    

		
	 By
	 	  

		
	 Name
	 	  

		
	 Its
	 	  

	
	 BUYER:

	
	
                    , a
                    

		
	 By
	 	  

		
	 Name
	 	  

		
	 Its
	 	  

  
 Exhibit
H 

 EXHIBIT I 
 ASSIGNMENT OF PERMITS 
 For valuable consideration, receipt of which is
acknowledged,                     , a
                     (“Seller”), hereby assigns and transfers to
                    , a
                    , all of Seller’s right, title and interest in, to and under the Permits relating to the real property located at
[                    ], Washington. 
 Dated:                     , 2013. 

 

			
	SELLER:
	
	
                    , a
                    

		
	 By
	 	  

		
	 Name
	 	  

		
	 Its
	 	  

  
 Exhibit
I 

 EXHIBIT J 
 LISTS OF SECURITY DEPOSITS 
  

									
	 Met Park North
	 	  	 	 
	        
Tenant	  	Security Deposit	 	  	Form of Security	 
	         24 Hour Fitness USA, Inc.
	  	$	12,000.00	  	  	 	Cash	  
	         Subway Real Estate LLC
	  	$	2,185.00	  	  	 	Cash	  
	         Jurga Martini D.M.D., P.S.
	  	$	8,358.00	  	  	 	Cash	  
		  	  
	  
	 	  			
	 Subtotal
	  	$	22,543.00	  	  			
			
	 Northview Corporate Center
	  	 	 	  	 	 
	        
Tenant	  	Security Deposit	 	  	Form of Security	 
	         Davis Schueller, Inc.
	  	$	4,100.00	  	  	 	Cash	  
	         Fine Business Solutions, LLC
	  	$	7,245.19	  	  	 	Cash	  
	         Audit & Adjustment Company, Inc.
	  	$	14,200.71	  	  	 	Cash	  
	         All for Kidz, Inc.
	  	$	48,787.42	  	  	 	Cash	  
	         Lion New Media, Inc.
	  	$	5,000.00	  	  	 	Cash	  
	         Cemex Construction Materials
	  	$	52,000.00	  	  	 	Cash	  
	         iePlexus
	  	$	12,122.00	  	  	 	Cash	  
	         Atkins, Inc. (PBSJ)
	  	$	3,827.15	  	  	 	Cash	  
		  	  
	  
	 	  			
	 Subtotal
	  	$	147,282.47	  	  			
			
	 First and King
	  	 	 	  	 	 
	        
Tenant	  	Security Deposit	 	  	Form of Security	 
	         Socrata Inc.
	  	$	17,556.00	  	  	 	Cash	  
	         Summit Power Group
	  	$	33,728.92	  	  	 	Cash	  
		  	  
	  
	 	  			
	 Subtotal
	  	$	51,284.92	  	  			
		  	  
	  
	 	  			
	 Total
	  	$	221,110.39	  	  			
		  	  
	  
	 	  			

  
 Exhibit
J 

 EXHIBIT K 
 SELLER’S CLOSING CERTIFICATE 
 For valuable consideration, receipt of
which is acknowledged,                     , a
                     (“Seller”), hereby certifies to
                    , a
                     (“Buyer”), that all representations and warranties made by Seller in section 5.1 of the Purchase Agreement
(the “Purchase Agreement”) dated                     , 2013, between Seller and Buyer, are true and correct on and as of the date of
this Certificate. This Certificate is executed by Seller and delivered to Buyer pursuant to the Purchase Agreement. 
 Dated:
                    , 2013. 
  

			
	 SELLER:

	
	
                    ,
a                    

		
	 By
	 	  

		
	 Name
	 	  

		
	 Its
	 	  

  
 Exhibit
K 

 EXHIBIT L 
 ESTOPPEL CERTIFICATE 
  

					
	To:	  	  
	  	
		  	  
	  	
		  	  
	  	
		  	  
	  	

  

	 	Re:	Lease dated                     ,
                     between
                    , a
                     (“Landlord”), and
                    , a
                     (“Tenant”) 

  

	 	The	undersigned hereby certifies to                     
(“Buyer”), as follows: 

 l. The undersigned is the “Tenant” under the above-referenced lease
(“Lease”) covering the above-referenced Premises (“Premises”). The following is a true and correct list of all amendments, modifications and supplements to the Lease (collectively, the “Lease Modifications”):

  

					
	a.	  	  
	  	
			
	b.	  	  
	  	
			
	c.	  	  
	  	
			
	d.	  	  
	  	
			
	e.	  	  
	  	
			
	f.	  	  
	  	
			
	g.	  	  
	  	
			
	h.	  	  
	  	

 For purposes hereof, all references to the “Lease” shall include the original lease agreement and all of the
Lease Modifications thereto. 
 2. The Lease constitutes the entire agreement between Landlord and Tenant with respect to the
Property and the Lease has not been modified, changed, altered or amended in any respect except as set forth above. The Lease is in full force and effect. 
 3. The term of the Lease commenced on                     ,
                    , and, taking into account any previously exercised options and all exercised renewal terms, will expire on
                    ,
                    . Tenant has accepted possession of the Premises and is the actual

  
 Exhibit
L 

 
occupant in possession and has not sublet, assigned or hypothecated Tenant’s leasehold interest. All improvements to be constructed on the Premises by Landlord have been completed and
accepted by Tenant and Landlord has paid in full all construction allowances and any allowances and inducements payable to Tenant, regardless whether the same are currently due and payable. 

4. As of the date of this Estoppel Certificate, there exists no breach or default, nor state of facts which, with notice, the passage of
time, or both, would result in a breach or default on the part of either Tenant or to the knowledge of Tenant, Landlord. 
 5.
Tenant is currently obligated to pay rent in monthly installments of $                     per month as base rent and
$                     per month as operating costs, common area expenses, taxes and other pass-throughs (collectively, “Operating
Expenses and Taxes”) (taking into account all Consumer Price Index adjustments and other adjustments pursuant to the terms of the Lease), and monthly installments of base rent and Operating Expenses and Taxes have been paid through
                    , 2013. 
 6. No base rent or Operating Expenses and Taxes have been paid more than one (1) month in advance. Tenant has no claim or defense against Landlord under the Lease and is asserting no offsets or
credits against either the rent or Landlord. Tenant has no claim against Landlord for any security or other deposits except
$                     which was paid pursuant to the Lease. 
 7. Tenant has no option or preferential right to purchase all or any part of the Premises (or the real property of which the Premises are a part) nor, except as expressly provided in the Lease, any right
or interest with respect to the Premises other than as Tenant under the Lease. 
 8. Tenant has no option, right of first offer
or right of first refusal to lease or occupy any other space within the property of which the Premises are a part, except as set forth in the Lease. Tenant has no right to renew or extend the terms of the Lease, except as set forth in the Lease.

 9. There has not been filed by or against Tenant a petition in bankruptcy, voluntary or otherwise, any assignment for the
benefit of creditors, any petition seeking reorganization or arrangement under the bankruptcy laws of the United States, or any state thereof, or any other action brought under said bankruptcy laws with respect to Tenant. 

  
 Exhibit
L 

 This Estoppel Certificate is made to Buyer and Buyer’s lender(s) in connection with the
prospective purchase by Buyer or Buyer’s assignee, of the property of which the Premises is a part. This Estoppel Certificate may be relied on by Buyer, Buyer’s lender(s), and their respective successors and assigns, and any other party
who acquires an interest in the Premises in connection with such purchase and their respective lenders. 
 Dated this
                     day of
                    , 2013 
  

					
	“TENANT”	  	  

		  	  

			
		  	By:	 	  

		  	Name:	 	  

		  	Its:	 	  

  
 Exhibit
L 

 EXHIBIT L-1 
 ASSOCIATION ESTOPPEL CERTIFICATE 
 The following terms as used in this Association Estoppel
Certificate have the meanings defined below: 
 “Association” shall mean the Quadrant I-5 Center Owners Association 

“Declaration” shall mean the Declaration of Protective Covenants, Conditions, Easements and Restrictions for Quadrant I-5 Center, dated
February 22, 1991, recorded on February 25, 1991 in the Official Records of Snohomish County, Washington as Document No. 9102250309, as amended by that certain Clarification of Recorded Document dated April 20, 1992, recorded on
April 24, 1992 in the Official Records of Snohomish County, Washington as Document No. 9204230640 and that certain Agreement of Merger and Surrender of Declarant Authority dated June 18, 1992, recorded on June 25, 1992 in the
Official Records of Snohomish County, Washington as Document No. 9206250231. 
 “Seller” shall mean Northview Corporate
Center LLC, a Delaware limited liability company. 
 The Association hereby certifies to Hudson Pacific Properties, L.P. (“Buyer”) as
follows: 
 1. The terms and conditions of the Declaration are unmodified and in full force and effect and have not been further amended or
modified and have not been extended, supplemented or terminated. 
 2. There are no defaults under the Declaration by the Association or by
Seller, nor are there any conditions that, with the giving of notice or the passage of time or both, would become a default under the Declaration by the Association or Seller. 
 3. The Association is not performing any work for the Seller for which the Association expects reimbursement under the terms and provisions of the Declaration, except for the following:
                     [if none, please state none]. 
 4. There are no existing set-offs, claims or defenses asserted or otherwise known by the Association against the enforcement by Seller of any obligation to be performed or observed by the Association
under the Declaration. 
 5. The Association has no lien against any portion of any Lot which is owned by Seller. 

  
 Exhibit
L-1 

 6. No amounts are owed by Association to Seller or by Seller to Association except as follows:
                    . 
 This
Association Estoppel Certificate is made to Buyer and Buyer’s lender(s) in connection with the prospective purchase by Buyer or Buyer’s assignee, of the property of which the Premises is a part. This Association Estoppel Certificate may be
relied on by Buyer, Buyer’s lender(s) and their respective successors and assigns, and any other party who acquires an interest in the Premises in connection with such purchase and their respective lenders. 

Dated this
                     day of
                    , 2013 
  

					
	 “ASSOCIATION”
	 	  

		 	  

			
		 	By:	 	  

		 	Name:	 	  

		 	Its:	 	  

  
 Exhibit
L-1 

 EXHIBIT L-2 
 Parking Estoppel Certificate 

[                    ], and its successors and
assigns (“Buyer”) 

[                    ] 

[                    ] 

Attn: [                    ] 

[                    , 2013]

  

	Re:	Parking Easement Agreement, recorded in the Official Records of King County, Washington as document number 20051020001631, dated October 20, 2005 (the
“PEA”), by and among Met Park North IV, L.L.C. (“Grantor”), Met Park West IV, L.L.C. (“Met West”) and Met Park East IV, L.L.C. (“Met East”, and together with Met West, collectively,
the “Grantees”), as amended by that certain Covenant Regarding Parking, recorded in the Official Records of King County, Washington as document number 20060328002381, dated March 28, 2006 (the “Covenant”), by
Grantor for the benefit of Grantees, as amended by that certain First Amendment to Parking Easement Agreement, recorded in the Official Records of King County, Washington as document number 20080421002126, dated March 28, 2006, by and between
Grantor and Grantees (the “First Amendment”, and with the PEA and Covenant, collectively, the “Agreement”) 

 Ladies and Gentlemen: 
 Reference is hereby made to the Agreement. Words and terms
not otherwise defined herein shall have the same meaning ascribed such words and terms as in the Agreement. The Grantees do hereby certify to Buyer and its Lender that: 
 (i) the Agreement is in full force and effect; 
 (ii) the Agreement has
not been assigned, modified or amended in any way other than as set forth above; 
 (iii) all sums due by both Grantees
under the Agreement have been paid through [                    ], 2013; 

(iv) to the best of the undersigned’s knowledge, there is no default in the performance of any covenant, agreement or condition
by any party under the Agreement; and 
 (v) to the best of the undersigned’s knowledge, no event has occurred which,
with the passage of time, or the giving of notice, or both, would constitute a default by any party under the Agreement. 
 The
undersigned understands and acknowledges that Buyer, its successors and assigns, and any lender making a loan or acting as agent for a group of lenders (“Lender”) making a loan secured by an interest in the real property legally
described on Exhibit A attached hereto and made a part hereof (the “Property”), are relying upon the representations contained herein in the purchase and sale, and financing, of the Property. 

  
 Exhibit
L-2 

 [Signature Block for Met West] 

[Signature Block for Met East] 

  
 Exhibit
L-2 

 Exhibit A 
 LOTS 7, 8, 9, 10, 11 AND 12, BLOCK 55, SECOND ADDITION TO THE TOWN OF SEATTLE AS LAID OFF BY THE HEIRS OF SARAH A. BELL (DECEASED), (COMMONLY KNOWN AS HEIRS OF SARAH A. BELL’S SECOND ADDITION TO THE
CITY OF SEATTLE), ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 1 OF PLATS, PAGE(S) 121, IN KING COUNTY, WASHINGTON; 
 EXCEPT THE
NORTHWESTERLY 7 FEET OF SAID LOT 7 CONDEMNED FOR STEWART STREET BY THE CITY OF SEATTLE ON JULY 29, 1908 UNDER KING COUNTY SUPERIOR COURT CAUSE NUMBER 58229 AS PROVIDED FOR IN CITY OF SEATTLE ORDINANCE NUMBER 14881. 

  
 Exhibit
L-2 

 EXHIBIT M 
 BUYER’S CLOSING CERTIFICATE 
 For valuable consideration, receipt of
which is acknowledged,                     , a
                     (“Buyer”), hereby certifies to
                    , a
                     (“Seller”), that all representations and warranties made by Buyer in section 5.2 of the Purchase Agreement
(the “Purchase Agreement”) dated                     , 2013, between Seller and Buyer, are true and correct on and as of the date of
this Certificate. This Certificate is executed by Buyer and delivered to Seller pursuant to the Purchase Agreement. 
  

					
	 Dated:                     ,
2013.
	 		 	

 
			
	
	BUYER:
	
	                    , a
                    
		
	By	 	  

	Name	 	  

	Its	 	  

  
 Exhibit
M 

 EXHIBIT N 
 CERTIFICATE OF NONFOREIGN STATUS 
 Section 1445 of the Internal
Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the transferee that withholding of tax is not required upon the disposition of a U.S. real property
interest by [                    ], a Delaware limited liability company (“Seller”), the undersigned (“SSC”), who is the
sole member of Seller, hereby certifies the following on behalf of SSC: 
 1. Seller is a “disregarded entity” as
defined under the Internal Revenue Code and Income Tax Regulations. 
 2. SSC is not a foreign corporation, foreign partnership,
foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); 
 3.
SSC’s U.S. employer identification number is                     ; 

4. SSC’s office address is c/o Spear Street Capital, LLC, One Market Plaza, Spear Tower, Suite 4125, San Francisco,
California 94105, Attention: Mr. John S. Grassi; and 
 5. SSC is not a “disregarded entity” as defined
under the Internal Revenue Code and Income Tax Regulations. 
 SSC understands that this certification may be disclosed to the
Internal Revenue Service by the transferee and that any false statement contained herein could be punished by fine, imprisonment, or both. 
 Under penalties of perjury I declare that I have examined this certificate and to the best of my knowledge and belief it is true, correct and complete, and I further declare that I have authority to sign
this document on behalf of SSC. 
 [Signature Page Follows Immediately] 

  
 Exhibit
N 

 Dated:
                    , 2013. 
  

							
	SSC III, L.P., a Delaware limited partnership
		
	By	 	SPEAR STREET CAPITAL, LLC, a
		 	Delaware limited liability company, its general partner
			
		 	By	 	GRASSI HOLDINGS, LLC, a
		 		 	Delaware limited liability company, its manager
				
		 		 	By	 	  

		 		 		 	John S. Grassi
		 		 		 	Sole Member

  
 Exhibit
N 

 EXHIBIT O 
 FORM OF TENANT NOTICE 

                    , 2013 

 
   

 
   

 
   

 
   

 
 Attention:
                             

 

	 	Re:	Lease dated as of
                                        
(the “Lease”) by and between                     , a
                     (“Landlord”) and
                    , a
                     and relating to the leased premises (the “Premises”) in the building located at
[                                        
], Washington (the “Building”) 

 Ladies and Gentlemen: 
 Please be advised that Landlord has sold the Building, including the Premises, to
                    , a
                    (“Buyer”), as of the date set forth above, and in connection with such sale Landlord has assigned and
transferred its interest in the Lease, including your security deposit (if any), to Buyer. Accordingly, all of your obligations under the Lease from and after the date of this notice (including your obligations to pay rent and fulfill your insurance
requirements) shall be performable to and for the benefit of Buyer. 
 The address of Buyer for all purposes under the Lease is:

  
   

 

  

 

  

 

  

 
 If
you have any questions about the sale, please contact                     , at (        )
        -        . Thank you. 
 Very truly yours, 

[                   
                     ] 
 By
                                         
                    
 Its
                                         
                    

  
 Exhibit
O 

 EXHIBIT P 
 ENVIRONMENTAL DISCLOSURE STATEMENT 
 INSTRUCTIONS TO THE SELLER

 Please complete the following form. Do not leave any spaces blank. If the question clearly does not apply to the property write
“NA.” If the answer is “yes” to any * items, please explain on attached sheets. Please refer to the line number(s) of the question(s) when you provide your explanation(s). For your protection you must date and sign
each page of this disclosure statement and each attachment. Delivery of the disclosure statement must occur not later than five business days, unless otherwise agreed, after mutual acceptance of a written contract to purchase between a buyer and a
seller. 
 NOTICE TO THE BUYER 
 THE FOLLOWING DISCLOSURES ARE MADE BY SELLER ABOUT THE CONDITION OF THE PROPERTY LOCATED AT
[                                        
], WASHINGTON (“THE PROPERTY”). 
 SELLER MAKES THE FOLLOWING DISCLOSURES OF EXISTING MATERIAL FACTS OR MATERIAL DEFECTS TO
BUYER BASED ON SELLER’S ACTUAL KNOWLEDGE OF THE PROPERTY AT THE TIME SELLER COMPLETES THIS DISCLOSURE STATEMENT. UNLESS YOU AND SELLER OTHERWISE AGREE IN WRITING, YOU HAVE THREE BUSINESS DAYS FROM THE DAY SELLER OR SELLER’S AGENT DELIVERS
THIS DISCLOSURE STATEMENT TO YOU TO RESCIND THE AGREEMENT BY DELIVERING A SEPARATELY SIGNED WRITTEN STATEMENT OF RESCISSION TO SELLER OR SELLER’S AGENT. IF THE SELLER DOES NOT GIVE YOU A COMPLETED DISCLOSURE STATEMENT, THEN YOU MAY WAIVE THE
RIGHT TO RESCIND PRIOR TO OR AFTER THE TIME YOU ENTER INTO A SALE AGREEMENT. 
 THE FOLLOWING ARE DISCLOSURES MADE BY SELLER AND ARE NOT THE
REPRESENTATIONS OF ANY REAL ESTATE LICENSEE OR OTHER PARTY. THIS INFORMATION IS FOR DISCLOSURE ONLY AND IS NOT INTENDED TO BE A PART OF ANY WRITTEN AGREEMENT BETWEEN BUYER AND SELLER. 
 FOR A MORE COMPREHENSIVE EXAMINATION OF THE SPECIFIC CONDITION OF THIS PROPERTY YOU ARE ADVISED TO OBTAIN AND PAY FOR THE SERVICES OF QUALIFIED EXPERTS TO INSPECT THE PROPERTY, WHICH MAY INCLUDE, WITHOUT
LIMITATION, ARCHITECTS, ENGINEERS, LAND SURVEYORS, PLUMBERS, ELECTRICIANS, ROOFERS, BUILDING INSPECTORS, ON-SITE WASTEWATER TREATMENT INSPECTORS, OR STRUCTURAL PEST INSPECTORS. THE PROSPECTIVE BUYER AND SELLER MAY WISH TO OBTAIN PROFESSIONAL ADVICE
OR INSPECTIONS OF THE PROPERTY OR TO PROVIDE APPROPRIATE PROVISIONS IN A CONTRACT BETWEEN THEM WITH RESPECT TO ANY ADVICE, INSPECTION, DEFECTS OR WARRANTIES. 

  
 Exhibit
P 

 Seller is / is not occupying the Property. 

I. SELLER’S DISCLOSURES: 
 If you answer “Yes” to a question with an asterisk (*), please explain your answer and attach documents, if available and not otherwise publicly recorded. If necessary, use an attached
sheet. 
 ENVIRONMENTAL 
  

							
	[    ] Yes                	  	[    ] No                	  	[    ] Don’t know                    
	  	*A. Has there been any flooding, standing water, or drainage problems on the property that affect the Property or access to the Property? There has been water penetration
in the parking garage beneath the building located at 505 First Avenue South.
				
	[    ] Yes                	  	[    ] No                	  	[    ] Don’t know                    
	  	*B. Is there any material damage to the property from fire, wind, floods, beach movements, earthquake, expansive soils, or landslides?
				
	[    ] Yes                	  	[    ] No                	  	[    ] Don’t know                    
	  	*C. Are there any shorelines, wetlands, floodplains, or critical areas on the Property?
				
	[    ] Yes                	  	[    ] No                	  	[    ] Don’t know                    
	  	*D. Are there any substances, materials, or products in or on the Property that may be environmental concerns, such as asbestos, formaldehyde, radon gas, lead-based paint, fuel
or chemical storage tanks, or contaminated soil or water?
				
	[    ] Yes                	  	[    ] No                	  	[    ] Don’t know                    
	  	*E. Is there any soil or groundwater contamination?
				
	[    ] Yes                	  	[    ] No                	  	[    ] Don’t know                    
	  	*F. Has the Property been used as a legal or illegal dumping site?
				
	[    ] Yes                	  	[    ] No                	  	[    ] Don’t know                    
	  	*G. Has the Property been used as an illegal drug manufacturing site?

  

									
	DATE	 	  
	  	SELLER	 	  
	  	

  
 Exhibit
P 

 NOTICE TO BUYER 
 INFORMATION REGARDING REGISTERED SEX OFFENDERS MAY BE OBTAINED FROM LOCAL LAW ENFORCEMENT AGENCIES. THIS NOTICE IS INTENDED ONLY TO INFORM YOU OF WHERE TO OBTAIN THIS INFORMATION AND IS NOT AN INDICATION
OF THE PRESENCE OF REGISTERED SEX OFFENDERS. 
 II. BUYER’S ACKNOWLEDGMENT AND WAIVER 

A. Buyer hereby acknowledges that: Buyer has a duty to pay diligent attention to any material defects that are known to Buyer or can be known to Buyer by
utilizing diligent attention and observation. 
 B. The disclosures set forth in this statement and in any amendments to this Statement are made
only by the Seller and not by any real estate licensee or other party. 
 C. Buyer acknowledges that, pursuant to RCW 64.06.050(2), real estate
licensees are not liable for inaccurate information provided by Seller, except to the extent that real estate licensees know of such inaccurate information. 
 D. This information is for disclosure only and is not intended to be a part of the written agreement between the Buyer and Seller. 
 E. Buyer (which term includes all persons signing the “Buyer’s acceptance” portion of this disclosure statement below) has received a copy or this Disclosure Statement (including
attachments, if any) bearing Seller’s signature. 
 F. By its signature below, Buyer waives its right to rescind its purchase and sale
agreement with Seller based on Seller’s delivery of this document to Buyer. 
 G. Buyer waives its right to receive Sections 1-5 and 7 of
the Real Property Transfer Disclosure Statement. 
 DISCLOSURES CONTAINED IN THIS DISCLOSURE STATEMENT ARE PROVIDED BY SELLER BASED ON
SELLER’S ACTUAL KNOWLEDGE OF THE PROPERTY AT THE TIME SELLER COMPLETES THIS DISCLOSURE STATEMENT. UNLESS BUYER AND SELLER OTHERWISE AGREE IN WRITING, BUYER SHALL HAVE THREE BUSINESS DAYS FROM THE DAY SELLER OR SELLER’S AGENT DELIVERS THIS
DISCLOSURE STATEMENT TO RESCIND THE AGREEMENT BY DELIVERING A SEPARATELY SIGNED WRITTEN STATEMENT OF RESCISSION TO SELLER OR SELLER’S AGENT. YOU MAY WAIVE THE RIGHT TO RESCIND PRIOR TO OR AFTER THE TIME YOU ENTER INTO A SALE AGREEMENT.

  
 Exhibit
P 

 BUYER HEREBY ACKNOWLEDGES RECEIPT OF A COPY OF THIS DISCLOSURE STATEMENT AND ACKNOWLEDGES THAT THE
DISCLOSURES MADE HEREIN ARE THOSE OF THE SELLER ONLY, AND NOT OF ANY REAL ESTATE LICENSEE OR OTHER PARTY. 
  

									
	DATE	 	  
	  	BUYER	 	  
	  	

 The seller disclosure statement shall be for disclosure only, and shall not be considered part of any written agreement
between the buyer and seller of residential property. The seller disclosure statement shall be only a disclosure made by the seller, and not any real estate licensee involved in the transaction, and shall not be construed as a warranty of any kind
by the seller or any real estate licensee involved in the transaction. 
 BUYER: 

  
 Exhibit
P 

 Schedules 1.1(a)-(c) 

Preliminary Reports 

  
 Schedules
1(a)-(c) 

 

 
  

COMMITMENT FOR TITLE INSURANCE 
 BY 
 Chicago Title Insurance Company 

Chicago Title Insurance Company, a Nebraska corporation (“Company”), for a valuable consideration, commits to issue its policy or policies of
title insurance, as identified in Schedule A, in favor of the Proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest in the land described or referred to in Schedule A, upon payment of the premiums and charges and
compliance with the Requirements; all subject to the provisions of Schedule A and B and to the Conditions of this Commitment. 
 This Commitment
shall be effective only when the identity of the Proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A by the Company. 
 All liability and obligation under this Commitment shall cease and terminate 6 months after the Effective Date or when the policy or policies committed for shall issue, whichever first occurs, provided
that the failure to issue the policy or policies is not the fault of the Company. 
 The Company will provide a sample of the policy form upon
request. 
 IN WITNESS WHEREOF, Chicago Title Insurance Company has caused its corporate name and seal to be affixed by its duly authorized
officers on the date shown in Schedule A. 
  

											
		 		 	     Chicago Title Insurance Company

						
		 		 	  
 

	 	By:	 	

	 	
	Chicago Title of Washington	 		 	 		 		 	
	701 5th Avenue, Suite 2300	 		 	 		 		 	President
	Seattle, WA 98104	 		 	 		 	ATTEST:	 	
		 		 	 		 	

	 	
		 		 		 		 		 	Secretary

  
  

 

			
	FORM 72-83-06 (6/08)	  	ALTA Commitment - 2006

 CONDITIONS 

 

	1.	The term mortgage, when used herein, shall include deed of trust, trust deed, or other security instrument. 

 

	2.	If the proposed Insured has or acquired actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage
thereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of
reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien,
encumbrance, adverse claim or other matter, the Company at its option may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these
Conditions. 

  

	3.	Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of
policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown in Schedule B, or (c) to acquire or
create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions
and Conditions and the Exclusions from Coverage of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein.

  

	4.	This Commitment is a contract to issue one or more title insurance policies and is not an abstract of title or a report of the condition of title. Any action or actions
or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are
subject to the provisions of this Commitment. 

  

	5.	The policy to be issued contains an arbitration clause. All arbitrable matters when the Amounts of Insurance is $2,000,000 or less shall be arbitrated at the option
of either the Company or the Insured as the exclusive remedy of the parties. You may review a copy of the arbitration rules at <http://www.alta.org/>. 

  

			
	FORM 72-83-06 (6/08)	 	ALTA Commitment - 2006

 CHICAGO TITLE COMPANY 
 3002 COLBY AVENUE, EVERETT, WA 98201                         

 

			
	 A.L.T.A. COMMITMENT
 SCHEDULE
A
	  	  
 Order
No.:        5306300        

 

							
	Title Unit:    	 	E4679	  	Customer Number:	  	NORTHVIEW CORPORATE CENTER LLC
	Phone:	 	(425)259-8205	  	Buyer(s):	  	
	Fax:	 	(425)259-8239	  		  	
	Officer:	 	COMMERCIAL UNIT	  	

  

							
	Commitment Effective Date: MAY 8,
2013                        at 8:00 A.M.
				
	1.	 	Policy or Policies to be issued:	  		 	
		 	 ALTA Owner’s Policy
	  	Amount:	 	    $0.00
		 	 STANDARD POLICY (6/17/2006)
	  	Premium:	 	
		 		  	Tax:	 	
				
		 	 Proposed Insured:
	  		 	
		 	 TO BE DETERMINED
	  		 	
				
		 	Policy or Policies to be issued:	  		 	
		 	 ALTA Loan Policy
	  	Amount:	 	    $0.00
		 		  	Premium:	 	
		 		  	Tax:	 	
				
		 	 Proposed Insured:
	  		 	
				
		 	Policy or Policies to be issued:	  		 	
		 	 ALTA Loan Policy
	  	Amount:	 	    $0.00
		 		  	Premium:	 	
		 	 Proposed Insured:
	  	Tax:	 	
		
	2 .	 	The estate or interest in the land which is covered by this Commitment is:
		 	 FEE SIMPLE, AS TO PROPERTY A; AND AN EASEMENT, AS TO PROPERTY B, C, D, E AND F

		
	3 .	 	Title to the estate or interest in the land is at the effective date hereof vested in:
		 	 NORTHVIEW CORPORATE CENTER, LLC, A DELAWARE LIMITED LIABILITY COMPANY

		
	4 .	 	The land referred to in this Commitment is described as follows:
		 	 SEE ATTACHED LEGAL DESCRIPTION EXHIBIT

  
  

COMMA805/KLC/11.1.05 

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE A 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

LEGAL DESCRIPTION EXHIBIT 
 (Paragraph 4 of Schedule A continuation) 
  

 PROPERTY A: 
 PARCEL 2 OF BINDING SITE PLAN RECORDED IN VOLUME 1 OF BINDING SITE PLANS, PAGES 222 THROUGH 225, UNDER RECORDING NUMBER 9102215001, RECORDS OF SNOHOMISH COUNTY, WASHINGTON; 

(BEING A PORTION OF THE SOUTHEAST QUARTER OF SECTION 21, TOWNSHIP 27 NORTH, RANGE 4 EAST, W.M.). 

PROPERTY B: 
 AN EASEMENT FOR INGRESS, EGRESS
AND UTILITIES IN, THROUGH, ON, OVER AND UNDER TRACT B OF BINDING SITE PLAN RECORDED IN VOLUME 1 OF BINDING SITE PLANS, PAGES 222 THROUGH 225 UNDER RECORDING NUMBER 9102215001 RECORDS OF SNOHOMISH COUNTY, WASHINGTON AND AS CONTAINED IN INSTRUMENT
RECORDED UNDER SNOHOMISH COUNTY RECORDING NUMBER 9101150181; 
 (BEING A PORTION OF THE SOUTHEAST QUARTER OF SECTION 21, TOWNSHIP 27 NORTH,
RANGE 4 EAST, W.M.). 
 PROPERTY C: 

AN EASEMENT FOR INGRESS, EGRESS, UTILITIES AND PARKING AS DESCRIBED IN DECLARATION OF EASEMENT DATED JUNE 10, 1992, RECORDED UNDER SNOHOMISH COUNTY
RECORDING NUMBER 9206160122. 
 PROPERTY D: 
 AN EASEMENT FOR STORM DRAINAGE PURPOSES ON, OVER, UNDER AND WITHIN THE “EASEMENT PARCEL” AS DEFINED AND DESCRIBED IN DECLARATION OF EASEMENT FOR STORM DRAINAGE DATED FEBRUARY 25, 1991, RECORDED
UNDER SNOHOMISH COUNTY RECORDING NUMBER 9102250312 AND AMENDED UNDER RECORDING NUMBER 9205280310. 
 PROPERTY E: 

AN EASEMENT BENEFICIAL ONLY TO PARCEL 2 FOR PARKING PURPOSES OVER, UPON, ACROSS AND THROUGH THE “LYNNWOOD ASSOCIATES PARKING EASEMENT” AS
DEFINED AND DESCRIBED IN RECIPROCAL PARKING AND EASEMENT AGREEMENT DATED FEBRUARY 22, 1991, RECORDED UNDER SNOHOMISH COUNTY RECORDING NUMBER 9102250317. 

  
  

CLTACMA6/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE A 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

LEGAL DESCRIPTION EXHIBIT 
 (Paragraph 4 of Schedule A continuation) 
  

 PROPERTY F: 
 AN EASEMENT FOR THE USE, MAINTENANCE AND REPLACEMENT OF THOSE CERTAIN METAL STAIRS CROSSING THE COMMON PROPERTY LINE BETWEEN PARCEL 1B AND PARCEL 5 OF BINDING SITE PLAN RECORDED IN VOLUME 1 OF BINDING
SITE PLANS, PAGES 251 AND 252, UNDER RECORDING NUMBER 9205015002, AND A RECIPROCAL EASEMENT FOR UTILITY PURPOSES, ALL AS DEFINED AND DESCRIBED IN INSTRUMENT RECORDED UNDER RECORDING NO. 9206170393. 

SITUATE IN THE COUNTY OF SNOHOMISH, STATE OF WASHINGTON. 

  
  

CLTACMA6/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 

									
		 		 	SCHEDULE B	 	Order No.:	 	    5306300
		 		 		 	Your No.:	 	

  
  

Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction
of the Company. 
 GENERAL EXCEPTIONS 

 

	A.	Rights or claims of parties in possession, or claiming possession, not shown by the Public Records. 

 

	B.	Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the
Land. 

  

	C.	Easements, prescriptive rights, rights-of-way, liens or encumbrances, or claims thereof, not shown by the Public Records. 

 

	D.	Any lien, or right to a lien, for contributions to employee benefit funds, or for state workers’ compensation, or for services, labor, or material heretofore or
hereafter furnished, all as imposed by law, and not shown by the Public Records. 

  

	E.	Taxes or special assessments which are not yet payable or which are not shown as existing liens by the Public Records. 

 

	F.	Any lien for service, installation, connection, maintenance, tap, capacity, or construction or similar charges for sewer, water, electricity, natural gas or other
utilities, or for garbage collection and disposal not shown by the Public Records. 

  

	G.	Unpatented mining claims, and all rights relating thereto; reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof; Indian
tribal codes or regulations, Indian treaty or aboriginal rights, including easements or equitable servitudes. 

  

	H.	Water rights, claims or title to water, 

  

	I.	Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the Public Records, or attaching subsequent to the effective date
hereof but prior to the date the proposed Insured acquires of record for value the estate or interest or mortgage thereon covered by this Commitment. 

 SPECIAL EXCEPTIONS FOLLOW 
  

 
 WLTACOMB bk 05/17/07 

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	005306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	A	 	1.	 	RELINQUISHMENT OF ACCESS TO STATE HIGHWAY NUMBER 1 AND OF LIGHT, VIEW AND AIR BY DEED TO THE STATE OF WASHINGTON:
				
		 		 	RECORDED:	 	AUGUST 28, 1961 AND SEPTEMBER 26, 1961
		 		 	RECORDING NUMBER:	 	1480107 AND 1485727
			
	B	 	2.	 	AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	44TH AVENUE ASSOCIATES, A LIMITED PARTNERSHIP, TRADE CENTER ASSOCIATES, A LIMITED PARTNERSHIP, SPRAGUE & ASSOCIATES, A LIMITED PARTNERSHIP
		 		 	AND:	 	CITY OF LYNNWOOD
		 		 	RECORDED:	 	APRIL 9, 1982
		 		 	RECORDING NUMBER:	 	8204090172
		 		 	REGARDING:	 	CONCOMITANT ZONING AND DEVELOPMENT OF PROPERTY
			
	C	 		 	SAID INSTRUMENT IS A RE-RECORDING OF AUDITOR’S FILE NO. 8203030050.
			
	D	 		 	SAID INSTRUMENT WAS AMENDED UNDER AUDITOR’S FILE NUMBER 9001260380.
				
	E	 	3.	 	SPECIAL POWER OF ATTORNEY:	 	
				
		 		 	GRANTOR:	 	JERRY E. KEPPLER, MANAGING JOINT
		 		 		 	VENTURER I-5 INVESTOR
		 		 	GRANTEE:	 	CITY OF LYNNWOOD
		 		 	PURPOSE:	 	VOTE PROXY TO APPROVE ANY L.I.D.
		 		 		 	HEREAFTER FORMED BY SAID CITY
		 		 	RECORDING NUMBER:	 	8906130405
			
	F	 		 	AFFECTS: PORTION AND INCLUDES OTHER PROPERTY.

  
  

CLTACMB1/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	G	 	4.	 	EASEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	GRANTEE:	 	CITY OF LYNNWOOD
		 		 	PURPOSE:	 	MUNICIPAL UTILITIES
		 		 	AREA AFFECTED:	 	PARCEL 2 OF PROPERTY A, AND PROPERTY B
		 		 	RECORDED:	 	DECEMBER 26, 1990
		 		 	RECORDING NUMBER:	 	9012260319
			
	H	 	5.	 	EASEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	PURPOSE:	 	INGRESS, EGRESS AND UTILITIES AND
		 		 		 	LANDSCAPING AND SIGNAGE
		 		 	AREA AFFECTED:	 	PROPERTY B
		 		 	RECORDED:	 	JANUARY 15, 1991
		 		 	RECORDING NUMBER:	 	9101150181
			
	I	 		 	SAID INSTRUMENT CONTAINS PROVISIONS FOR BEARING THE COST OF MAINTENANCE, REPAIR OR RECONSTRUCTION OF THE EASEMENT BY THE USERS.
			
	J	 		 	SAID INSTRUMENT IS A RE-RECORDING OF AUDITOR’S FILE NO. 9011200049.
			
	K	 	6.	 	TERMS, COVENANTS, CONDITIONS, RESTRICTIONS AND MAINTENANCE OBLIGATIONS AS CONTAINED IN BINDING SITE PLAN:
				
		 		 	RECORDED:	 	FEBRUARY 21, 1991
		 		 	RECORDING NUMBER:	 	9102215001
		 		 	AS FOLLOWS:	 	
			
		 		 	 ALL LOTS DESCRIBED AND ESTABLISHED IN THIS BINDING SITE PLAN ARE SUBJECT TO THE FOLLOWING COVENANTS, WHICH COVENANTS
SHALL BE BINDING UPON AND INURE TO THE BENEFIT OF EACH AND EVERY ONE OF SAID LOTS AND WHICH COVENANTS SHALL RUN WITH THE LAND:
  

1. ALL FUTURE DEVELOPMENT ON ANY LOT SHALL COORDINATE LANDSCAPING DESIGN TO THAT LANDSCAPING ALREADY EXISTING ON THE REMAINING LOTS WITHIN THIS BINDING
SITE PLAN IN ACCORDANCE WITH CITY OF LYNNWOOD REQUIREMENTS.
  
 2. EXCEPT AS
PROVIDED BELOW, ANY POST INDICATOR VALVES FOR FIRE PROTECTION WITHIN THIS BINDING SITE PLAN WHICH ARE CONSTRUCTED ON A LOT WITHIN THIS BINDING SITE PLAN ARE THE RESPONSIBILITY OF THE OWNER OF THE LOT ON WHICH THEY ARE CONSTRUCTED AND SHALL BE
MAINTAINED BY SUCH OWNER IN ACCORDANCE WITH CITY OF LYNNWOOD FIRE DEPARTMENT

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

					
		 		 	REQUIREMENTS. ALL POST INDICATOR VALVES WITHIN THIS BINDING SITE PLAN CONSTRUCTED WITHIN 5 0 FEET OF THE CITY OF LYNNWOOD WATERLINE AS SUCH WATERLINE IS CONSTRUCTED WITHIN THE
UTILITY EASEMENT SHOWN ON THE BINDING SITE PLAN SHALL BE MAINTAINED BY THE CITY OF LYNNWOOD.
			
		 		 	3. MAINTENANCE AND REPAIR OF THE UTILITY INSTALLATIONS WHICH SERVE THE LOTS WITHIN THIS BINDING SITE PLAN INDIVIDUALLY AND WHICH ARE NOT PART OF A PUBLICLY MAINTAINED SYSTEM,
TOGETHER WITH LANDSCAPING, PARKING AND OTHER LOT IMPROVEMENTS LOCATED ON ANY LOT SHALL BE THE RESPONSIBILITY OF THE LOT OWNER UPON WHOSE LAND SUCH UTILITIES, LANDSCAPING, PARKING AND IMPROVEMENTS ARE CONSTRUCTED, UNLESS, UNDER A RECORDED EASEMENT
AGREEMENT SUCH RESPONSIBILITY IS SHARED WITH OR TRANSFERRED TO ANOTHER LOT OWNER WHOSE LOT IS SERVED BY SUCH INSTALLATIONS OR IMPROVEMENTS.
			
		 		 	4. ALL BUILDINGS TO BE CONSTRUCTED ON ANY LOT WITHIN THIS BINDING SITE PLAN SHALL HAVE A MINIMUM SEPARATION OF 4 0 FEET BETWEEN BUILDINGS SUBJECT TO APPROVAL OR MODIFICATION OF
THE BUILDING OFFICIAL OF THE CITY OF LYNNWOOD.
			
		 		 	5. EACH LOT OWNER SHALL PERMIT STORM WATER DRAINAGE FROM UPLAND LOTS AND FROM OFF-SITE TO PASS THROUGH THEIR RESPECTIVE LOTS IN ACCORDANCE WITH THE REQUIREMENTS OF LAW AND WITH
CITY OF LYNNWOOD APPROVED STORM WATER DRAINAGE PLANS FOR THE LOT.
			
		 		 	6. THE PROPERTY OWNERS THROUGH THE BOARD OF DIRECTORS OF THE OWNERS ASSOCIATION SHALL FILE WITH THE CITY OF LYNNWOOD THE NAME, ADDRESS AND TELEPHONE NUMBER OF A DESIGNATED
REPRESENTATIVE FOR THE ASSOCIATION WHO SHALL SERVE AS THE CONTACT FOR THE ASSOCIATION IN ANY MATTER OF MUNICIPAL INTEREST. THE CITY SHALL BE NOTIFIED BY THE BOARD OF ANY CHANGE IN DESIGNATED REPRESENTATIVE, AND THE BOARD SHALL ANNUALLY ADVISE THE
CITY FIRE MARSHAL OF THE DESIGNATED REPRESENTATIVE FOR MATTERS ASSOCIATED WITH FIRE SYSTEM MONITORING.
			
	L	 		 	SAID SITE PLAN WAS AMENDED UNDER AUDITOR’S FILE NUMBER 92 05015002.
			
	M	 	7.	 	NOTES AS CONTAINED ON THE FACE OF BINDING SITE PLAN RECORDED UNDER AUDITOR’S FILE NUMBER 9102215001, AS FOLLOWS:
			
		 		 	TRACT A SHALL BE CONVEYED TO THE QUADRANT I-5 CENTER OWNERS ASSOCIATION FOR STORM WATER DETENTION AND OPEN SPACE PURPOSES.

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
		 		 	TRACT B SHALL BE CONVEYED TO THE QUADRANT I-5 CENTER OWNERS ASSOCIATION FOR ROADWAY AND PEDESTRIAN ACCESS, UTILITY AND LANDSCAPING PURPOSES.
			
	N	 	8.	 	COVENANTS, CONDITIONS, RESTRICTIONS, EASEMENTS AND LIABILITY FOR ASSESSMENTS CONTAINED IN INSTRUMENT, BUT OMITTING ANY COVENANTS OR RESTRICTIONS, IF ANY, BASED UPON
RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, FAMILIAL STATUS, MARITAL STATUS, DISABILITY, HANDICAP, NATIONAL ORIGIN, ANCESTRY, OR SOURCE OF INCOME, AS SET FORTH IN APPLICABLE STATE OR FEDERAL LAWS, EXCEPT TO THE EXTENT THAT SAID COVENANT OR
RESTRICTION IS PERMITTED BY APPLICABLE LAW:
				
		 		 	RECORDED:	 	FEBRUARY 25, 1991
		 		 	RECORDING NUMBER:	 	9102250309
			
	O	 		 	AMENDMENT AND/OR MODIFICATION OF SAID RESTRICTIONS:
				
		 		 	RECORDED:	 	APRIL 23, 1992
		 		 	RECORDING NUMBER:	 	9204230640
			
	P	 		 	AMENDMENT AND/OR MODIFICATION OF SAID RESTRICTIONS:
				
		 		 	RECORDED:	 	JUNE 25, 1992
		 		 	RECORDING NUMBER:	 	9206250231
			
	Q	 	9.	 	COVENANT TO BEAR PART OR ALL OF THE COST OF CONSTRUCTION OR REPAIR OF EASEMENT GRANTED OVER ADJACENT PROPERTY:
				
		 		 	PURPOSE OF EASEMENT:	 	STORM DRAINAGE
		 		 	RECORDING NUMBER:	 	9102250312
			
	R	 		 	SAID INSTRUMENT WAS AMENDED UNDER AUDITOR’S FILE NUMBER 9205280310.
			
	S	 	10.	 	EASEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	GRANTEE:	 	PARCELS 2 AND 3 OF BINDING SITE PLAN UNDER AUDITOR’S FILE NUMBER 9102215001
		 		 		 	

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
		 		 	PURPOSE:	 	RECIPROCAL PARKING TOGETHER WITH PEDESTRIAN AND VEHICULAR ACCESS
		 		 	AREA AFFECTED:	 	PORTIONS OF PARCELS 2 AND 3 OF BINDING SITE PLAN UNDER AUDITOR’S FILE NUMBER 9102215001
		 		 	RECORDED:	 	FEBRUARY 25, 1991
		 		 	RECORDING NUMBER:	 	9102250317
			
	T	 		 	SAID INSTRUMENT CONTAINS PROVISIONS FOR BEARING THE COST OF MAINTENANCE, REPAIR OR RECONSTRUCTION OF THE EASEMENT BY THE USERS.
			
	U	 	11.	 	EASEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	GRANTOR:	 	QUADRANT TAIYO ASSOCIATES 1, A WASHINGTON PARTNERSHIP (AS TO PARCEL A), QUADRANT I-5 CENTER OWNERS ASSOCIATION, A WASHINGTON NOT FOR PROFIT ASSOCIATION (AS TO PARCEL
B)
		 		 	GRANTEE:	 	PUBLIC UTILITY DISTRICT NO. 1 OF SNOHOMISH COUNTY
		 		 	LOCATION:	 	PORTION
		 		 	DATED:	 	APRIL 23, 1992
		 		 	RECORDED:	 	MAY 4, 1992
		 		 	RECORDING NUMBER:	 	9205040130
		 		 	PURPOSE:	 	RIGHT TO ENTER SAID PREMISES TO OPERATE, MAINTAIN AND REPAIR UNDERGROUND OR OVERHEAD ELECTRIC TRANSMISSION AND/OR DISTRIBUTION SYSTEM, TOGETHER WITH THE RIGHT TO REMOVE BRUSH, TREES
AND LANDSCAPING WHICH MAY CONSTITUTE A DANGER TO SAID LINES.
			
	V	 	12.	 	EASEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	GRANTEE:	 	PARCELS 1A, 1B, 2, 5, 6, 7 OF BINDING SITE PLAN RECORDED UNDER AUDITOR’S FILE NUMBER 9102215001
		 		 	PURPOSE:	 	ACCESS CORRIDOR AND COMMUNICATION LINE

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
		 		 	AREA AFFECTED:	 	AS DESCRIBED AND DELINEATED IN SAID DOCUMENT OVER LOTS 1A, 1B AND 2
		 		 	RECORDED:	 	JUNE 16, 1992
		 		 	RECORDING NUMBER:	 	9206160122
			
	W	 		 	SAID INSTRUMENT CONTAINS PROVISIONS FOR BEARING THE COST OF MAINTENANCE, REPAIR OR RECONSTRUCTION OF THE EASEMENT BY THE USERS.
			
	X	 	13.	 	EASEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	GRANTEE:	 	PARCELS 1A, 1B, 2, 5, 6 AND 7
		 		 	PURPOSE:	 	METAL STAIRS AND RECIPROCAL UTILITIES
		 		 	AREA AFFECTED:	 	THE DESCRIPTION CONTAINED THEREIN IS NOT SUFFICIENT TO DETERMINE ITS EXACT LOCATION WITHIN THE PROPERTY HEREIN DESCRIBED.
		 		 	RECORDED:	 	JUNE 17, 1992
		 		 	RECORDING NUMBER:	 	9206170393
			
	Y	 		 	SAID INSTRUMENT CONTAINS PROVISIONS FOR BEARING THE COST OF MAINTENANCE, REPAIR OR RECONSTRUCTION OF THE EASEMENT BY THE USERS.
			
	Z	 	14.	 	IRREVOCABLE EASEMENT AND AGREEMENT FOR PARKING AND MAINTENANCE THERETO AND THE TERMS, CONDITIONS AND PROVISIONS CONTAINED THEREIN:
				
		 		 	RECORDED:	 	JULY 2, 2004
		 		 	RECORDING NUMBER:	 	200407020906
			
	AA	 		 	SAID INSTRUMENT IS A RE-RECORDING OF INSTRUMENT RECORDED UNDER RECORDING NUMBER 200405270852.
			
	AB	 	15.	 	PAYMENT OF THE REAL ESTATE EXCISE TAX, IF REQUIRED.
			
		 		 	THE PROPERTY DESCRIBED HEREIN IS SITUATED WITHIN THE BOUNDARIES OF LOCAL TAXING AUTHORITY OF CITY OF LYNNWOOD.
			
		 		 	PRESENT RATE OF REAL ESTATE EXCISE TAX AS OF THE DATE HEREIN IS 1.78 PERCENT, PLUS A $5.00 STATE TECHNOLOGY FEE.

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
		 		 	(NOTE: A DEED EXEMPT FROM EXCISE TAX IS STILL SUBJECT TO THE $5.00 TECHNOLOGY FEE AND AN ADDITIONAL $5.00 AFFIDAVIT PROCESSING FEE).
			
		 		 	ANY CONVEYANCE DOCUMENT MUST BE ACCOMPANIED BY THE OFFICIAL WASHINGTON STATE EXCISE TAX AFFIDAVIT. THE APPLICABLE EXCISE TAX MUST BE PAID AND THE AFFIDAVIT APPROVED
AT THE TIME OF THE RECORDING OF THE CONVEYANCE DOCUMENTS.
			
	AC	 	16.	 	GENERAL AND SPECIAL TAXES AND CHARGES, PAYABLE FEBRUARY 15, DELINQUENT IF FIRST HALF UNPAID ON MAY 1, SECOND HALF DELINQUENT IF UNPAID ON NOVEMBER 1 OF THE TAX YEAR
(AMOUNTS DO NOT INCLUDE INTEREST AND PENALTIES):
				
		 		 	YEAR:	 	2013
		 		 	TAX ACCOUNT NUMBER:	 	270421-004-053-00
		 		 	LEVY CODE:	 	00452
		 		 	ASSESSED VALUE-LAND:	 	$ 1,944,600.00
		 		 	ASSESSED VALUE-IMPROVEMENTS:	 	$ 27,205,400.00
				
		 		 	GENERAL & SPECIAL TAXES:	 	BILLED:  $ 345,016.19
		 		 		 	PAID:       $ 172,508.09
		 		 		 	UNPAID: $ 172,508.10
				
		 		 	AFFECTS: PROPERTY A	 	
			
	AD	 	17.	 	LIABILITY, IF ANY, FOR PERSONAL PROPERTY TAXES PURSUANT TO RCW 84.56.070 WHEREIN NO SALE CAN BE MADE WITHOUT PREPAYMENT OF SAID TAX, INCLUDING ADVANCE TAX. FOR
FURTHER INFORMATION, PLEASE CALL THE SNOHOMISH COUNTY TREASURER’S OFFICE AT (425)388-3307.
				
	AE	 		 	ACCOUNT NUMBERS:	 	
		 		 	2845237, 2845313, 2832512, 2804210, 2804286, 2771993, 2772869, 2772721, 2804187, 0244285, AND 0261024
			
	AF	 	18.	 	DEED OF TRUST AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	GRANTOR:	 	NORTHVIEW CORPORATE CENTER, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	TRUSTEE:	 	STEWART TITLE COMPANY
		 		 	BENEFICIARY:	 	PFP HOLDING COMPANY II, LLC, A

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
		 		 		 	DELAWARE LIMITED LIABILITY COMPANY
		 		 	AMOUNT:	 	$ 21,000,000.00
		 		 	DATED:	 	MARCH 8, 2011
		 		 	RECORDED:	 	MARCH 8, 2011
		 		 	RECORDING NUMBER:	 	201103080667
		 		 	LOAN NUMBER:	 	NOT DISCLOSED
			
		 		 	THE AMOUNT NOW SECURED BY SAID DEED OF TRUST AND THE TERMS UPON WHICH THE SAME CAN BE DISCHARGED OR ASSUMED SHOULD BE ASCERTAINED FROM THE HOLDER OF THE INDEBTEDNESS
SECURED.
			
	AG	 		 	AFFECTS: INCLUDES OTHER PROPERTY
			
	AH	 		 	ASSIGNMENT OF SAID DEED OF TRUST:
				
		 		 	DATED:	 	MARCH 8, 2011
		 		 	RECORDED:	 	MARCH 8, 2011
		 		 	RECORDING NUMBER:	 	201103080670
		 		 	ASSIGNEE:	 	PFP II SUB I, LLC, A DELAWARE LIMITED LIABILITY COMPANY
			
	AI	 	19.	 	ASSIGNMENT OF RENTS AND/OR LEASES AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	ASSIGNOR:	 	NORTHVIEW CORPORATE CENTER, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	ASSIGNEE:	 	PFP HOLDING COMPANY II, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	DATED:	 	MARCH 8, 2011
		 		 	RECORDED:	 	MARCH 8, 2011
		 		 	RECORDING NUMBER:	 	201103080668
			
	AJ	 		 	AFFECTS: INCLUDES OTHER PROPERTY
			
	AK	 		 	ASSIGNMENT OF SAID ASSIGNMENT OF LEASES AND RENTS:
				
		 		 	DATED:	 	MARCH 8, 2011
		 		 	RECORDED:	 	MARCH 8, 2011
		 		 	RECORDING NUMBER:	 	201103080671
		 		 	ASSIGNEE:	 	PFP II SUB I, LLC, A DELAWARE LIMITED LIABILITY COMPANY

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	AL	 	20.	 	UNRECORDED LEASE, INCLUDING THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LESSOR:	 	NORTHVIEW CORPORATE CENTER, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	LESSEE(S):	 	THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA, A NEW YORK CORPORATION
		 		 	DISCLOSED BY:	 	SUBORDINATION, NONDISTURBANCE AND ATTORNMENT AGREEMENT RECORDED UNDER AUDITOR’S FILE NUMBER 201103150402
			
	AM	 		 	SUBORDINATION AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	RECORDED:	 	MARCH 15, 2011
		 		 	RECORDING NUMBER:	 	201103150402
			
		 		 	SAID AGREEMENT RELATES TO THE LIEN PRIORITY OF THE ABOVE LEASE AND THE DEED OF TRUST RECORDED UNDER RECORDING NUMBER 201103080667.
			
	AN	 	21.	 	DEED OF TRUST AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	GRANTOR:	 	NORTHVIEW CORPORATE CENTER, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	TRUSTEE:	 	PRLAP, INC.
		 		 	BENEFICIARY:	 	BANK OF AMERICA, N.A., A NATIONAL
		 		 		 	BANKING ASSOCIATION
		 		 	AMOUNT:	 	$ 23,500,000.00
		 		 	DATED:	 	MARCH 8, 2013
		 		 	RECORDED:	 	MARCH 8, 2013
		 		 	RECORDING NUMBER:	 	201303080273
		 		 	LOAN NUMBER:	 	NOT DISCLOSED
			
		 		 	THE AMOUNT NOW SECURED BY SAID DEED OF TRUST AND THE TERMS UPON WHICH THE SAME CAN BE DISCHARGED OR ASSUMED SHOULD BE ASCERTAINED FROM THE HOLDER OF THE INDEBTEDNESS
SECURED.

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	AO	 		 	AFFECTS: INCLUDES OTHER PROPERTY
			
	AP	 	22.	 	UNRECORDED LEASE, INCLUDING THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LESSOR:	 	NORTHVIEW CORPORATE CENTER, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	LESSEE(S):	 	ADP, INC., A DELAWARE CORPORATION
		 		 	DISCLOSED BY:	 	SUBORDINATION, NONDISTURBANCE AND ATTORNMENT AGREEMENT RECORDED UNDER AUDITOR’S FILE NUMBER 201303250310 AND PERSONAL PROPERTY ACCOUNT NO. 2772869
			
	AQ	 		 	SUBORDINATION AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	RECORDED:	 	MARCH 25, 2013
		 		 	RECORDING NUMBER:	 	201303250310
			
		 		 	SAID AGREEMENT RELATES TO THE LIEN PRIORITY OF THE ABOVE LEASE AND THE DEED OF TRUST RECORDED UNDER RECORDING NUMBER 201303080273.
			
	AR	 	23.	 	UNRECORDED LEASE, INCLUDING THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LESSOR:	 	NORTHVIEW CORPORATE CENTER, LLC,
		 		 		 	PREDECESSOR IN INTEREST TO CRS FINANCIAL II LLC
		 		 	LESSEE(S):	 	DAVIS SCHUELLER, INC.
		 		 	DISCLOSED BY:	 	SUBORDINATION, NONDISTURBANCE AND
		 		 		 	ATTORNMENT AGREEMENT UNDER AUDITOR’S FILE NUMBER 200704030834 AND PERSONAL PROPERTY ACCOUNT NO. 0244285
			
	AS	 	24.	 	UNRECORDED LEASE, INCLUDING THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LESSOR:	 	NORTHVIEW CORPORATE CENTER, LLC
		 		 	LESSEE(S):	 	THE UNIVERSITY OF PHOENIX, INC., AN ARIZONA CORPORATION
		 		 	DISCLOSED BY:	 	SUBORDINATION, NONDISTURBANCE AND
		 		 		 	ATTORNMENT AGREEMENT UNDER AUDITOR’S FILE NUMBER 201007220445 AND PERSONAL PROPERTY ACCOUNT NO. 2832512

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	AT	 	25.	 	RIGHT, TITLE AND INTEREST OF LION NEW MEDIA, PRESUMED FROM EXECUTION OF FINANCING STATEMENT RECORDED UNDER AUDITOR’S FILE NUMBER 201101040547.
				
	AU	 		 	AFFECTS: SUITE 290	 	
			
	AV	 	26.	 	UNRECORDED LEASEHOLDS, IF ANY, RIGHTS OF VENDORS AND HOLDERS OF SECURITY INTERESTS ON PERSONAL PROPERTY INSTALLED UPON SAID PROPERTY AND RIGHTS OF TENANTS TO REMOVE
TRADE FIXTURES AT THE EXPIRATION OF THE TERM.
			
	AW	 	27.	 	 UNRECORDED LEASES AS DISCLOSED BY THE FOLLOWING PERSONAL PROPERTY ACCOUNTS, INCLUDING THE TERMS AND CONDITIONS
THEREOF:
  
 LESSEE (S):

 
 2845237 ATKINS NORTH AMERICA INC. (SUITE 110)

2845313 SODEXO AMERICA LLC
 2804210 FINE
SOLUTIONS LLC (SUITE 260)
 2804286 IEPLEXUS INC. (SUITE 120)
 27719 93 ACCRUWEALTH LLC (SUITE 240)
 2772721 SPEAR STREET CAPITAL, SSC II LP

2804187 AUDIT & ADJUSTMENT COMPANY (SUITE 100)

0261024 ALL FOR KIDZ INC. (SUITE 220)

			
	AX	 	28.	 	TERMS AND CONDITIONS OF THE LIMITED LIABILITY COMPANY AGREEMENT FOR NORTHVIEW CORPORATE CENTER, LLC, A DELAWARE LIMITED LIABILITY COMPANY.
			
	AY	 		 	NOTE: A COPY OF THE LIMITED LIABILITY COMPANY AGREEMENT, AND AMENDMENTS THERETO, IF ANY, MUST BE SUBMITTED.
			
	AZ	 	29.	 	ANY CONVEYANCE OR MORTGAGE BY NORTHVIEW CORPORATE CENTER, LLC, MUST BE EXECUTED IN ACCORDANCE WITH THE LIMITED LIABILITY COMPANY AGREEMENT AND BY ALL THE MEMBERS, OR
EVIDENCE MUST BE SUBMITTED THAT CERTAIN DESIGNATED MANAGERS/MEMBERS HAVE BEEN AUTHORIZED TO ACT FOR THE LIMITED LIABILITY COMPANY.

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	BA	 	30.	 	 TO PROVIDE AN EXTENDED COVERAGE LENDER’S POLICY GENERAL EXCEPTIONS B AND C ARE HEREBY DELETED. GENERAL EXCEPTIONS A
AND D HAVE NOT BEEN CLEARED.
  
 IN CONSIDERATION OF CLEARING PARAGRAPHS A AND
D OF SCHEDULE B, PLEASE HAVE THE BORROWER/OWNER COMPLETE THE OWNER’S AFFIDAVIT AND RETURN TO OUR OFFICE FOR REVIEW.

			
	BE	 	31.	 	TITLE IS TO BE VESTED IN PERSONS NOT YET REVEALED AND WHEN SO VESTED WILL BE SUBJECT TO MATTERS DISCLOSED BY A SEARCH OF THE RECORDS AGAINST THEIR
NAMES.
	
	END OF SCHEDULE B
			
	BC	 		 	 NOTE A:
 COUNTY
RECORDS INDICATE THAT THE ADDRESS OF THE IMPROVEMENT LOCATED ON SAID LAND IS:

				
		 		 	 20700 44TH AVENUE WEST

LYNNWOOD, WASHINGTON 98036
	 	
			
	BD	 		 	 NOTE B:
 PART OF
THE RESPA RULE TO SIMPLIFY AND IMPROVE THE PROCESS OF OBTAINING MORTGAGES AND REDUCE CONSUMER SETTLEMENT COSTS REQUIRES THE SETTLEMENT AGENT TO DISCLOSE THE AGENT AND UNDERWRITER SPLIT OF TITLE PREMIUMS, INCLUDING ENDORSEMENTS AS
FOLLOWS:
  
 LINE 1107 IS USED TO RECORD THE AMOUNT OF THE TOTAL TITLE
INSURANCE PREMIUM, INCLUDING ENDORSEMENTS, THAT IS RETAINED BY THE TITLE AGENT. CHICAGO TITLE COMPANY RETAINS 88% OF THE TOTAL PREMIUM AND ENDORSEMENTS.
  

LINE 1108 USED TO RECORD THE AMOUNT OF THE TOTAL TITLE INSURANCE PREMIUM, INCLUDING ENDORSEMENTS, THAT IS RETAINED BY THE TITLE UNDERWRITER. CHICAGO
TITLE INSURANCE COMPANY RETAINS 12% OF THE TOTAL PREMIUM AND ENDORSEMENTS.

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	BF	 		 	 NOTE C:
 THE
FOLLOWING MAY BE USED AS AN ABBREVIATED LEGAL DESCRIPTION ON THE DOCUMENTS TO BE RECORDED TO COMPLY WITH THE REQUIREMENTS OF RCW 65.04. SAID ABBREVIATED LEGAL DESCRIPTION IS NOT A SUBSTITUTE FOR A COMPLETE LEGAL DESCRIPTION WHICH MUST ALSO APPEAR IN
THE BODY OF THE DOCUMENT:

				
		 		 	E1/2 OF SE1/4 21-27-4	 	
				
	BG	 		 	mw	 	

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	5306300
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	BH	 		 	THE FOLLOWING PARTIES HAVE BEEN SENT A COPY OF THIS COMMITMENT:
				
		 		 	CHICAGO TITLE COMPANY NBU	 	
		 		 	TERINA KUNG	 	

  
  

CLTACMB2/RDA/0999         

 

 
  

COMMITMENT FOR TITLE INSURANCE 
 BY 
 Chicago Title Insurance Company 

Chicago Title Insurance Company, a Nebraska corporation (“Company”), for a valuable consideration, commits to issue its policy or policies of
title insurance, as identified in Schedule A, in favor of the Proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest in the land described or referred to in Schedule A, upon payment of the premiums and charges and
compliance with the Requirements; all subject to the provisions of Schedule A and B and to the Conditions of this Commitment, 
 This Commitment
shall be effective only when the identity of the Proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A by the Company, 
 All liability and obligation under this Commitment shall cease and terminate 6 months after the Effective Date or when the policy or policies committed for shall issue, whichever first occurs, provided
that the failure to issue the policy or policies is not the fault of the Company, 
 The Company will provide a sample of the policy form upon
request. 
 IN WITNESS WHEREOF, Chicago Title Insurance Company has caused its corporate name and seal to be affixed by its duly authorized
officers on the date shown in Schedule A. 
  

											
		 		 	     Chicago Title Insurance Company

						
		 		 	  
 

	 	By:	 	

	 	
	Chicago Title of Washington	 		 	 		 		 	
	701 5th Avenue, Suite 2300	 		 	 		 		 	President
	Seattle, WA 98104	 		 	 		 	ATTEST:	 	
		 		 	 		 	

	 	
		 		 		 		 		 	Secretary

  
  

 

			
	FORM 72-83-06 (6/08)	  	ALTA Commitment - 2006

 CONDITIONS 

 

	1.	The term mortgage, when used herein, shall include deed of trust, trust deed, or other security instrument. 

 

	2.	If the proposed Insured has or acquired actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage
thereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of
reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge, If the proposed Insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien,
encumbrance, adverse claim, or other matter, the Company at its option may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these
Conditions. 

  

	3.	Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of
policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown in Schedule B, or (c) to acquire or
create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions
and Conditions and the Exclusions from Coverage of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein,

  

	4.	This Commitment is a contract to issue one or more title insurance policies and is not an abstract of title or a report of the condition of title. Any action or actions
or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are
subject to the provisions of this Commitment. 

  

	5.	The policy to be issued contains an arbitration clause. All arbitrable matters when the Amounts of Insurance is $2,000,000 or less shall be arbitrated at the option
of either the Company or the Insured as the exclusive remedy of the parties. You may review a copy of the arbitration rules at <http://www.alta.org/>. 

  

			
	FORM 72-83-06 (6/08)	 	ALTA Commitment - 2006

 CHICAGO TITLE
COMPANY                         
 701 FIFTH AVENUE, #2300, SEATTLE, WA 98104 
  

					
	A.L.T.A. COMMITMENT	  		 	
	SCHEDULE A	  	Order No.:	 	        1363962        

  

							
	Title Unit:    	 	U-06	  	Customer Number:	  	KING & DEARBORN/NBU 160330434
	Phone:	 	(206)628-5610	  	Buyer(s):	  	
	Fax:	 	(206)628-9717	  		  	
	Officer:	 	SAVIDIS/CAMPBELL/EISENBREY/HARRIS

  

							
	Commitment Effective Date: MAY 10,
2013                        at 8:00 A.M.	 	
				
	1.	 	Policy or Policies to be issued:	 		 	
		 	 ALTA Owner’s Policy
	 	Amount:	 	    $0.00
		 	 EXTENDED POLICY (6/17/2006)
	 	Premium:	 	
		 	 COMMERCIAL SHORT TERM/PRIOR POLICY
	 	Tax:	 	
		 	 RATE
	 		 	
				
		 	 Proposed Insured:
	 		 	
				
		 	Policy or Policies to be issued:	 		 	
		 	 ALTA Loan Policy
	 	Amount:	 	    $0.00
		 		 	Premium:	 	
		 		 	Tax:	 	
		 	 Proposed Insured:
	 		 	
				
		 	Policy or Policies to be issued:	 		 	
		 	 ALTA Loan Policy
	 	Amount:	 	    $0.00
		 		 	Premium:	 	
		 	 Proposed Insured:
	 	Tax:	 	
			
	2.	 	The estate or interest in the land which is covered by this Commitment is:	 	
		 	 FEE SIMPLE
	 		 	
			
	3.	 	Title to the estate or interest in the land is at the effective date hereof vested in:	 	
		 	 KING & DEARBORN, LLC, A DELAWARE LIMITED LIABILITY COMPANY

		
	4.	 	The land referred to in this Commitment is described as follows:
		 	 SEE ATTACHED LEGAL DESCRIPTION EXHIBIT

  
  

COMMA805/KLC/11.1.05 

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE A 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

LEGAL DESCRIPTION EXHIBIT 
 (Paragraph 4 of Schedule A continuation) 
  

 PARCEL A: 
 LOTS 1, 2 AND 3, BLOCK 327, SEATTLE TIDELANDS, IN KING COUNTY, WASHINGTON, AS SHOWN ON THE OFFICIAL MAPS ON FILE IN THE OFFICE OF THE COMMISSIONER OF PUBLIC LANDS AT OLYMPIA, WASHINGTON. 

PARCEL B: 
 LOTS 4, 5, 6 AND THE NORTHERLY 3 0
FEET OF LOT 7, BLOCK 327, SEATTLE TIDELANDS, IN KING COUNTY, WASHINGTON, AS SHOWN ON THE OFFICIAL MAPS ON FILE IN THE OFFICE OF THE COMMISSIONER OF PUBLIC LANDS AT OLYMPIA, WASHINGTON. 
 PARCEL C: 
 THE SOUTH 30 FEET OF LOT 7, AND ALL OF LOT 8, EXCEPT THE SOUTH 48.74 FEET THEREOF,
BLOCK 327, SEATTLE TIDELANDS, IN KING COUNTY, WASHINGTON, AS SHOWN ON THE OFFICIAL MAPS ON FILE IN THE OFFICE OF THE COMMISSIONER OF PUBLIC LANDS AT OLYMPIA, WASHINGTON. 

  
  

CLTACMA6/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 

									
		 		 	SCHEDULE B	 	Order No.:	 	    1363962
		 		 		 	Your No.:	 	

  
  

Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction
of the Company. 
 GENERAL EXCEPTIONS 
  

	A.	Rights or claims of parties in possession, or claiming possession, not shown by the Public Records. 

 

	B.	Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the
Land, 

  

	C.	Easements, prescriptive rights, rights-of-way, liens or encumbrances, or claims thereof, not shown by the Public Records. 

 

	D.	Any lien, or right to a lien, for contributions to employee benefit funds, or for state workers’ compensation, or for services, labor, or material heretofore or
hereafter furnished, all as imposed by law, and not shown by the Public Records. 

  

	E.	Taxes or special assessments which are not yet payable or which are not shown as existing liens by the Public Records. 

 

	F.	Any lien for service, installation, connection, maintenance, tap, capacity, or construction or similar charges for sewer, water, electricity, natural gas or other
utilities, or for garbage collection and disposal not shown by the Public Records. 

  

	G.	Unpatented mining claims, and all rights relating thereto; reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof; Indian
tribal codes or regulations, Indian treaty or aboriginal rights, including easements or equitable servitudes. 

  

	H.	Water rights, claims or title to water. 

  

	I.	Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the Public Records, or attaching subsequent to the effective date
hereof but prior to the date the proposed Insured acquires of record for value the estate or interest or mortgage thereon covered by this Commitment. 

 SPECIAL EXCEPTIONS FOLLOW 
  

 
 WLTACOMB bk 05/17/07 

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	001363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	A	 	1.	 	EASEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	GRANTEE:	 	STATE OF WASHINGTON, DEPARTMENT OF
		 		 		 	COMMUNITY, TRADE AND ECONOMIC DEVELOPMENT, OFFICE OF ARCHAEOLOGY AND HISTORIC PRESERVATION
		 		 	PURPOSE:	 	PRESERVATION OF THE HISTORIC, OPEN SPACE AND SCENIC VALUES OF THE PREMISES IN PERPETUITY
		 		 	AREA AFFECTED:	 	LOTS 1 AND 2 OF PARCEL A
		 		 	RECORDED:	 	DECEMBER 29, 2000
		 		 	RECORDING NUMBER:	 	20001229000558
			
	B	 	2.	 	EXCEPTIONS AND RESERVATIONS CONTAINED IN DEED:
				
		 		 	FROM:	 	UNION PACIFIC RAILROAD COMPANY
		 		 	RECORDED:	 	JULY 2, 1952
		 		 	RECORDING NUMBER:	 	4250469
			
		 		 	AS FOLLOWS: EXCEPTING FROM THIS CONVEYANCE AND RESERVING UNTO THE GRANTOR, ITS SUCCESSORS AND ASSIGNS FOREVER, ALL MINERALS AND ALL MINERAL RIGHTS OF EVERY KIND AND
CHARACTER NOW KNOWN TO EXIST OR HEREAFTER DISCOVERED, INCLUDING, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, OIL AND GAS AND RIGHTS THERETO TOGETHER WITH THE SOLE, EXCLUSIVE AND PERPETUAL RIGHT TO EXPLORE FOR, REMOVE AND DISPOSE OF SAID
MINERALS BY ANY MEANS OR METHODS SUITABLE TO THE GRANTOR ITS SUCCESSORS AND ASSIGNS BUT WITHOUT ENTERING UPON OR USING THE SURFACE OF THE LANDS HEREBY CONVEYED, AND IN SUCH MANNER AS NOT TO DAMAGE THE SURFACE OF SAID LANDS OR TO INTERFERE WITH THE
USE THEREOF BY THE GRANTEE ITS SUCCESSORS OR ASSIGNS.
			
	C	 		 	AFFECTS: PARCEL B
			
	D	 	3.	 	COVENANTS, CONDITIONS, RESTRICTIONS, REQUIREMENTS AND PROVISIONS CONTAINED IN CITY OF SEATTLE ORDINANCE NUMBER 112134, ESTABLISHING A PIONEER SQUARE PRESERVATION
DISTRICT AND AN INTERNATIONAL SPECIAL REVIEW DISTRICT:
				
		 		 	RECORDED:	 	MARCH 14, 1985
		 		 	RECORDING NUMBER:	 	8503140774

  
  

CLTACMB1/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	E	 	4.	 	COVENANTS, CONDITIONS AND RESTRICTIONS CONTAINED IN INSTRUMENT, BUT OMITTING ANY COVENANTS OR RESTRICTIONS, IF ANY, BASED UPON RACE, COLOR, RELIGION, SEX, SEXUAL
ORIENTATION, FAMILIAL STATUS, MARITAL STATUS, DISABILITY, HANDICAP, NATIONAL ORIGIN, ANCESTRY, OR SOURCE OF INCOME, AS SET FORTH IN APPLICABLE STATE OR FEDERAL LAWS, EXCEPT TO THE EXTENT THAT SAID COVENANT OR RESTRICTION IS. PERMITTED BY APPLICABLE
LAW:
				
		 		 	RECORDED:	 	JUNE 11, 2007
		 		 	RECORDING NUMBER:	 	20070611000125
			
	F	 	5.	 	RELEASE OF DAMAGE AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	SEATTLE HARDWARE CO.
		 		 	AND:	 	CITY OF SEATTLE
		 		 	RECORDED:	 	JANUARY 26, 1921
		 		 	RECORDING NUMBER:	 	1487541
			
		 		 	RELEASING CITY OF SEATTLE FROM ALL FUTURE CLAIMS FOR DAMAGES RESULTING FROM:
			
		 		 	PERMISSION TO OCCUPY SIDEWALK SPACE BY ERECTING AND MAINTAINING THEREIN AN AREAWAY WITH NECESSARY BULKHEAD AND SIDEWALK TOGETHER WITH SIDEWALK LIGHTS AND ELEVATOR
DOORS.
			
	G	 		 	AFFECTS: LOTS 1 AND 2 OF PARCEL A
			
	H	 	6.	 	RELEASE OF DAMAGE AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	SEATTLE HARDWARE COMPANY
		 		 	AND:	 	CITY OF SEATTLE
		 		 	 RECORDED:
 RECORDING
NUMBER:
	 	 MAY 7, 1940

3100080

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
		 		 	RELEASING CITY OF SEATTLE FROM ALL FUTURE CLAIMS FOR DAMAGES RESULTING FROM:
			
		 		 	PERMISSION TO USE A PORTION OF PUBLIC SPACE IN SIDEWALK AREA BY ERECTING AND MAINTAINING THEREIN A LOADING PLATFORM.
				
	I	 		 	AFFECTS: PARCEL A	 	
			
	J	 	7.	 	RELEASE OF DAMAGE AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	HARDWARE PROPERTIES, INC. FORMERLY NATIONAL HARDWARE STORES, INC.
		 		 	AND:	 	CITY OF SEATTLE
		 		 	RECORDED:	 	DECEMBER 14, 1961
		 		 	RECORDING NUMBER:	 	5364687
			
		 		 	RELEASING CITY OF SEATTLE FROM ALL FUTURE CLAIMS FOR DAMAGES RESULTING FROM:
			
		 		 	PERMISSION TO CONSTRUCT A SIDE SEWER TO CONNECT THESE PREMISES TO THE EXISTING SIDE SEWER, SAID SIDE SEWER COVERED WITHOUT INSPECTION, NOT CONFORMING TO THE
REQUIREMENTS OF ORDINANCE NUMBER 82321, AS AMENDED, OF THE CITY OF SEATTLE.
				
	K	 		 	AFFECTS: PARCELS A AND B	 	
			
	L	 	8.	 	AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	SPRINCIN KING STREET PARTNERS
		 		 	AND:	 	SUMMIT COMMUNICATIONS
		 		 	RECORDED:	 	SEPTEMBER 7, 1994
		 		 	RECORDING NUMBER:	 	9409071151
		 		 	REGARDING:	 	ESTABLISHMENT OF EASEMENT TO INSTALL, OPERATE AND MAINTAIN A CABLE TELEVISION SYSTEM
				
	M	 		 	AFFECTS: PARCELS A AND B	 	

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	N	 	9.	 	AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	MSI 83 KING LLC AND 83 KING PARTNERS LLC
		 		 	AND:	 	CITY OF SEATTLE
		 		 	RECORDED:	 	OCTOBER 29, 2003
		 		 	RECORDING NUMBER:	 	20031029001273
		 		 	REGARDING:	 	TRANSPORTATION MANAGEMENT PROGRAM
			
	O	 	10.	 	RELEASE OF DAMAGE AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	STARBUCKS CORPORATION
		 		 	AND:	 	CITY OF SEATTLE
		 		 	RECORDED:	 	SEPTEMBER 20, 2007
		 		 	RECORDING NUMBER:	 	20070920002241
			
		 		 	RELEASING CITY OF SEATTLE FROM ALL FUTURE CLAIMS FOR DAMAGES RESULTING FROM:
			
		 		 	PERMISSION TO OCCUPY PUBLIC RIGHTS-OF-WAY ADJACENT TO 5 05 1ST AVENUE SOUTH FOR 3 65 FEET ALONG 1ST AVENUE SOUTH AND FOR 4 24 FEET ALONG RAILROAD WAY SOUTH BY
ERECTING AND MAINTAINING THEREIN A SHORING SYSTEM DESIGNED TO SUPPORT THE PUBLIC RIGHTS-OF-WAY DURING THE CONSTRUCTION OF THE DEVELOPMENT WITH TIEBACKS AND SOLDIER PILES EXTENDING INTO THE PUBLIC RIGHTS-OF-WAY.
			
	P	 	11.	 	RELEASE OF DAMAGE AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	STARBUCKS CORPORATION
		 		 	AND:	 	CITY OF SEATTLE
		 		 	RECORDED:	 	OCTOBER 3, 2007
		 		 	RECORDING NUMBER:	 	20071003001264
			
		 		 	RELEASING CITY OF SEATTLE FROM ALL FUTURE CLAIMS FOR DAMAGES RESULTING FROM:
			
		 		 	SOIL MOVEMENT, ETC. IN LIQUEFACTION-PRONE AREA

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	Q	 	12.	 	MEMORANDUM OF DRAINAGE CONTROL PLAN, INCLUDING THE TERMS AND CONDITIONS OF THE AGREEMENT DISCLOSED THEREIN:
				
		 		 	BETWEEN:	 	STARBUCKS CORPORATION
		 		 	AND:	 	CITY OF SEATTLE
		 		 	RECORDED:	 	FEBRUARY 17, 2009
		 		 	RECORDING NUMBER:	 	20090217001336
		 		 	REGARDING:	 	MAINTENANCE OF DRAINAGE CONTROL
		 		 		 	FACILITIES
			
	R	 	13.	 	AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	STARBUCKS CORPORATION
		 		 	AND:	 	CITY OF SEATTLE, CITY LIGHT DEPARTMENT
		 		 	RECORDED:	 	SEPTEMBER 24, 2009
		 		 	RECORDING NUMBER:	 	20090924000936
		 		 	REGARDING:	 	EQUIPMENT TRANSPORTATION
			
	S	 	14.	 	RIGHT TO DAMAGE SAID PREMISES FOR ELEVATED ROADWAYS AND APPROACHES THERETO, AS PROVIDED IN KING COUNTY SUPERIOR COURT CAUSE NUMBER 397727, AS PROVIDED IN CITY OF SEATTLE
ORDINANCE NUMBER 77088 AND 77749.
			
	T	 	15.	 	ALTA SURVEY DATED JUNE 28, 2011, AND REVISED AS OF AUGUST 5, 2011, PREPARED BY BUSH, ROED & HITCHINGS, INC. UNDER JOB NO. 2000027.08 DISCLOSED THE
FOLLOWING:
			
		 		 	 A. LOT 1: NORTHWEST BUILDING CORNER IS 0.3 FEET WEST OF WEST PROPERTY LINE AND 0.4 FEET SOUTH OF NORTH PROPERTY LINE; AND
SOUTHWEST BUILDING CORNER IS 0.2 FEET WEST OF WEST PROPERTY LINE;
 LOT 2: SOUTHWEST BUILDING CORNER IS 1.0 FEET WEST OF PROPERTY
LINE;
 LOT 3: SOUTHEAST BUILDING CORNER IS 0.1 EAST OF PROPERTY LINE;

			
		 		 	B. FENCE MEANDERS OFF WESTERLY PROPERTY LINE ONTO LOTS 6 AND 7.
			
		 		 	C. AWNINGS ATTACHED TO IMPROVEMENTS ON SAID PREMISES EXTEND INTO RIGHTS OF WAY FOR 1ST AVENUE SOUTH, RAILROAD WAY SOUTH AND SOUTH KING STREET.

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

									
	U	 	16.	 	PAYMENT OF THE REAL ESTATE EXCISE TAX, IF REQUIRED.
			
		 		 	THE PROPERTY DESCRIBED HEREIN IS SITUATED WITHIN THE BOUNDARIES OF LOCAL TAXING AUTHORITY OF CITY OF SEATTLE. PRESENT RATE IS 1.78%.
			
		 		 	ANY CONVEYANCE DOCUMENT MUST BE ACCOMPANIED BY THE OFFICIAL WASHINGTON STATE EXCISE TAX AFFIDAVIT. THE APPLICABLE EXCISE TAX MUST BE PAID AND THE AFFIDAVIT APPROVED
AT THE TIME OF THE RECORDING OF THE CONVEYANCE DOCUMENTS.
			
		 		 	(NOTE: A DEED EXEMPT FROM EXCISE TAX IS STILL SUBJECT TO THE $5.00 TECHNOLOGY FEE AND AN ADDITIONAL $5.00 AFFIDAVIT PROCESSING FEE).
			
	V	 	17.	 	GENERAL AND SPECIAL TAXES AND CHARGES, PAYABLE FEBRUARY 15, DELINQUENT IF FIRST HALF UNPAID ON MAY 1, SECOND HALF DELINQUENT IF UNPAID ON NOVEMBER 1 OF THE TAX YEAR
(AMOUNTS DO NOT INCLUDE INTEREST AND PENALTIES):
				
		 		 	YEAR:	 	2013
		 		 	TAX ACCOUNT NUMBER:	 	766620-6895-01
		 		 	LEVY CODE:	 	0010
		 		 	ASSESSED VALUE-LAND:	 	$ 4,284,800.00
		 		 	ASSESSED VALUE-IMPROVEMENTS:	 	$ 30,480,200.00
					
		 		 	GENERAL & SPECIAL TAXES:	 	BILLED:	 	$ 367,609.21
		 		 		 	PAID:	 	$ 183,804.61
		 		 		 	UNPAID:	 	$ 183,804.60
			
		 		 	AFFECTS: PORTION OF PARCEL A
			
	W	 	18.	 	GENERAL AND SPECIAL TAXES AND CHARGES, PAYABLE FEBRUARY 15, DELINQUENT IF FIRST HALF UNPAID ON MAY 1, SECOND HALF DELINQUENT IF UNPAID ON NOVEMBER 1 OF THE TAX YEAR
(AMOUNTS DO NOT INCLUDE INTEREST AND PENALTIES):
				
		 		 	YEAR:	 	2013
		 		 	TAX ACCOUNT NUMBER:	 	766620-6900-04
		 		 	LEVY CODE:	 	0010
		 		 	ASSESSED VALUE-LAND:	 	$ 7,658,800.00
		 		 	ASSESSED VALUE-IMPROVEMENTS:	 	$ 64,009,200.00
					
		 		 	GENERAL & SPECIAL TAXES:	 	BILLED:	 	$ 757,208.41
		 		 		 	PAID:	 	$ 378,604.21
		 		 		 	UNPAID:	 	$ 378,604.20
			
		 		 	AFFECTS: REMAINDER OF PARCEL A AND ALL OF PARCELS B AND C

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

									
	X	 	19.	 	MEMORANDUM OF LEASE AGREEMENT, INCLUDING THE TERMS AND CONDITIONS OF THE LEASE DISCLOSED THEREIN:
				
		 		 	LESSOR:	 	MSI 83 KING LLC, A WASHINGTON LIMITED LIABILITY COMPANY
		 		 	LESSEE:	 	PACIFIC BELL WIRELESS NORTHWEST, LLC, A DELAWARE LIMITED LIABILITY COMPANY, D/B/A CINGULAR WIRELESS
		 		 	RECORDED:	 	DECEMBER 3, 2004
		 		 	RECORDING NUMBER:	 	20041203000191
				
	Y	 		 	AFFECTS: PORTION OF PARCEL A	 	
				
	Z	 	20.	 	LEASE AND THE TERMS AND CONDITIONS THEREOF:	 	
				
		 		 	LESSOR:	 	MSI 83 KING, LLC, A LIMITED LIABILITY COMPANY
		 		 	LESSEE:	 	STATE OF WASHINGTON, BOARD OF INDUSTRIAL INSURANCE APPEALS
		 		 	FOR A TERM OF:	 	5 YEARS, WITH AN OPTION TO RENEW FOR AN ADDITIONAL 5 YEAR TERM
		 		 	RECORDED:	 	AUGUST 11, 2005
		 		 	RECORDING NUMBER:	 	20050811000091
				
	AA	 		 	AFFECTS: PORTION OF PARCEL A	 	
				
	AB	 		 	AMENDMENT AND/OR MODIFICATION OF LEASE:	 	
				
		 		 	RECORDED:	 	JULY 12, 2006
		 		 	RECORDING NUMBER:	 	20060712000012

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	AC	 		 	AMENDMENT AND/OR MODIFICATION OF LEASE:
				
		 		 	RECORDED:	 	FEBRUARY 5, 2010
		 		 	RECORDING NUMBER:	 	20100205000762
			
	AD	 	21.	 	MEMORANDUM OF LEASE, INCLUDING THE TERMS AND CONDITIONS OF THE LEASE DISCLOSED THEREIN:
				
		 		 	LESSOR:	 	STARBUCKS CORPORATION, A WASHINGTON CORPORATION
		 		 	LESSEE:	 	ING BANK, FSB, A FEDERALLY CHARTERED SAVINGS BANK
		 		 	RECORDED:	 	NOVEMBER 25, 2008
		 		 	RECORDING NUMBER:	 	20081125000818
			
	AE	 	22.	 	SUBORDINATION AGREEMENT, ACKNOWLEDGMENT OF LEASE ASSIGNMENT, ESTOPPEL, ATTORNMENT AND NON-DISTURBANCE AGREEMENT, AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LENDER:	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
		 		 	TENANT:	 	ING BANK, FSB
		 		 	LANDLORD:	 	KING & DEARBORN, LLC
		 		 	RECORDED:	 	OCTOBER 31, 2011
		 		 	RECORDING NUMBER:	 	20111031001043
			
	AF	 	23.	 	DEED OF TRUST WITH ABSOLUTE ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILIN, AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	GRANTOR:	 	KING & DEARBORN, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	TRUSTEE:	 	CHICAGO TITLE INSURANCE COMPANY
		 		 	BENEFICIARY:	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
		 		 	AMOUNT:	 	$ 76,500,000.00
		 		 	DATED:	 	OCTOBER 27, 2011
		 		 	RECORDED:	 	OCTOBER 31, 2011
		 		 	RECORDING NUMBER:	 	20111031001042

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
		 		 	THE AMOUNT NOW SECURED BY SAID DEED OF TRUST AND THE TERMS UPON WHICH THE SAME CAN BE DISCHARGED OR ASSUMED SHOULD BE ASCERTAINED FROM THE HOLDER OF THE INDEBTEDNESS
SECURED.
			
	AG	 		 	MODIFICATION OF DEED OF TRUST AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	DATED:	 	OCTOBER 31, 2011
		 		 	RECORDED:	 	DECEMBER 22, 2011
		 		 	RECORDING NUMBER:	 	20111222000818
			
	AH	 	24.	 	UNRECORDED LEASE, INCLUDING THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LESSOR:	 	KING & DEARBORN, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	LESSEE(S):	 	NUANCE COMMUNICATIONS, INC., A DELAWARE CORPORATION
		 		 	DISCLOSED BY:	 	INSTRUMENT RECORDED UNDER RECORDING NUMBER 20111107000682
			
	AI	 	25.	 	SUBORDINATION AGREEMENT, ACKNOWLEDGMENT OF LEASE ASSIGNMENT, ESTOPPEL, ATTORNMENT AND NON-DISTURBANCE AGREEMENT, AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LENDER:	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
		 		 	TENANT:	 	NUANCE COMMUNICATIONS, INC., A DELAWARE CORPORATION
		 		 	LANDLORD:	 	KING & DEARBORN, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	RECORDED:	 	NOVEMBER 7, 2011
		 		 	RECORDING NUMBER:	 	20111107000682

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	AJ	 	26.	 	UNRECORDED LEASE, INCLUDING THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LESSOR:	 	KING & DEARBORN, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	LESSEE(S):	 	ISILON SYSTEMS LLC, A DELAWARE LIMITED LIABILITY COMPANY, FORMERLY KNOWN AS ISILON SYSTEMS, INC., A DELAWARE CORPORATION
		 		 	DISCLOSED BY:	 	INSTRUMENT RECORDED UNDER RECORDING NUMBER 20111220001611
			
	AK	 	27.	 	SUBORDINATION AGREEMENT, ACKNOWLEDGMENT OF LEASE ASSIGNMENT, ESTOPPEL, ATTORNMENT AND NON-DISTURBANCE AGREEMENT, AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LENDER:	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
		 		 	TENANT:	 	ISILON SYSTEMS LLC, A DELAWARE LIMITED LIABILITY COMPANY, FORMERLY KNOWN AS ISILON SYSTEMS, INC., A DELAWARE CORPORATION
		 		 	LANDLORD:	 	KING & DEARBORN, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	RECORDED:	 	DECEMBER 20, 2011
		 		 	RECORDING NUMBER:	 	20111220001611
			
	AL	 	28.	 	UNRECORDED LEASE, INCLUDING THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LESSOR:	 	KING & DEARBORN, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	LESSEE(S):	 	EMC CORPORATION, A MASSACHUSETTS CORPORATION
		 		 	DISCLOSED BY:	 	INSTRUMENT RECORDED UNDER RECORDING NUMBER 20120906001320
			
	AM	 	29.	 	SUBORDINATION AGREEMENT, ACKNOWLEDGMENT OF LEASE ASSIGNMENT, ESTOPPEL, ATTORNMENT AND NON-DISTURBANCE AGREEMENT, AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LENDER:	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
		 		 	TENANT:	 	EMC CORPORATION, A MASSACHUSETTS CORPORATION
		 		 	LANDLORD:	 	KING & DEARBORN, LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	RECORDED:	 	SEPTEMBER 6, 2012
		 		 	RECORDING NUMBER:	 	20120906001320

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	AN	 	30.	 	UNRECORDED LEASEHOLDS, IF ANY, RIGHTS OF VENDORS AND HOLDERS OF SECURITY INTERESTS ON PERSONAL PROPERTY INSTALLED UPON SAID PROPERTY AND RIGHTS OF TENANTS TO REMOVE
TRADE FIXTURES AT THE EXPIRATION OF THE TERM.
			
	AO	 	31.	 	TERMS AND CONDITIONS OF THE LIMITED LIABILITY COMPANY AGREEMENT FOR KING & DEARBORN, LLC.
			
	AP	 		 	NOTE: A COPY OF THE LIMITED LIABILITY COMPANY AGREEMENT, AND AMENDMENTS THERETO, IF ANY, MUST BE SUBMITTED.
			
	AQ	 	32.	 	ANY CONVEYANCE OR MORTGAGE BY KING & DEARBORN, LLC, MUST BE EXECUTED IN ACCORDANCE WITH THE LIMITED LIABILITY COMPANY AGREEMENT AND BY ALL THE MEMBERS, OR EVIDENCE
MUST BE SUBMITTED THAT CERTAIN DESIGNATED MANAGERS/MEMBERS HAVE BEEN AUTHORIZED TO ACT FOR THE LIMITED LIABILITY COMPANY.
			
	AR	 	33.	 	TITLE IS TO BE VESTED IN PERSONS NOT YET REVEALED AND WHEN SO VESTED WILL BE SUBJECT TO MATTERS DISCLOSED BY A SEARCH OF THE RECORDS AGAINST THEIR
NAMES.
			
	AS	 	34.	 	THE LEGAL DESCRIPTION IN THIS COMMITMENT IS BASED ON INFORMATION PROVIDED WITH THE APPLICATION AND THE PUBLIC RECORDS AS DEFINED IN THE POLICY TO ISSUE. THE PARTIES
TO THE FORTHCOMING TRANSACTION MUST NOTIFY THE TITLE INSURANCE COMPANY PRIOR TO CLOSING IF THE DESCRIPTION DOES NOT CONFORM TO THEIR EXPECTATIONS.
			
	AT	 	35.	 	IMPORTANT!! THIS TRANSACTION HAS NOT BEEN APPROVED FOR INSURANCE AGAINST UNRECORDED LABOR AND MATERIAL LIEN RIGHTS NOR FOR MATTERS THAT COULD BE DISCLOSED BY AN
ACCURATE AND COMPLETE SURVEY OF THE LAND. YOU MAY NOT CLOSE UNTIL YOU HAVE RECEIVED A SUPPLEMENTAL FROM THE TITLE UNIT ADDRESSING THIS PARAGRAPH!

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

					
		 		 	TO PROVIDE AN EXTENDED COVERAGE OWNER’S POLICY GENERAL EXCEPTIONS A THROUGH D WILL BE CONSIDERED WHEN OUR INSPECTION AND/OR REVIEW OF SURVEY, IF REQUIRED, IS COMPLETED. GENERAL
EXCEPTIONS E THROUGH H WILL REMAIN IN THE OWNER’S POLICY TO ISSUE. A SUPPLEMENTAL COMMITMENT WILL FOLLOW.
			
		 		 	IF THE ANTICIPATED CLOSING DATE IS LESS THAN 4 WEEKS FROM THE DATE OF THIS COMMITMENT, PLEASE CONTACT YOUR TITLE OFFICER IMMEDIATELY.
			
	AU	 	36.	 	PRIOR TO ISSUING AN EXTENDED FORM OWNER’S POLICY THIS COMPANY REQUIRES THAT THE PARTIES TO THE TRANSACTION PROVIDE AN ALTA/ACSM CERTIFIED, AS-BUILT SURVEY.
			
	AV	 		 	 NOTE 1:
 IN THE EVENT THE
OWNER’S POLICY COVERAGE IS CHANGED FROM EXTENDED TO STANDARD COVERAGE A CHARGE OF $230.00, PLUS $21.85 SALES TAX, WILL BE ADDED TO COVER THE COSTS RELATING TO THE EXTENDED COVERAGE INSPECTION.

			
	AW	 		 	 NOTE 2:
 ANY MAP FURNISHED WITH
THIS COMMITMENT IS FOR CONVENIENCE IN LOCATING THE LAND INDICATED HEREIN WITH REFERENCE TO STREETS AND OTHER LAND.
 NO LIABILITY IS ASSUMED BY
REASON OF RELIANCE THEREON.

			
	AX	 		 	 NOTE 3:
 EFFECTIVE JANUARY 1,
1997, DOCUMENT FORMAT AND CONTENT REQUIREMENTS HAVE BEEN IMPOSED BY WASHINGTON LAW. FAILURE TO COMPLY WITH THE FOLLOWING REQUIREMENTS MAY RESULT IN REJECTION OF THE DOCUMENT BY THE COUNTY RECORDER OR IMPOSITION OF A $50.00
SURCHARGE.

			
		 		 	FOR DETAILS OF THESE STATEWIDE REQUIREMENTS PLEASE VISIT THE KING COUNTY RECORDER’S OFFICE WEBSITE AT WWW.KINGCOUNTY.GOV/BUSINESS/RECORDERS.ASPX AND SELECT ONLINE
FORMS AND DOCUMENT STANDARDS.
			
		 		 	THE FOLLOWING MAY BE USED AS AN ABBREVIATED LEGAL DESCRIPTION ON THE DOCUMENTS TO BE RECORDED TO COMPLY WITH THE REQUIREMENTS OF RCW 65.04. SAID ABBREVIATED LEGAL DESCRIPTION IS NOT
A SUBSTITUTE FOR A COMPLETE LEGAL DESCRIPTION WHICH MUST ALSO APPEAR IN THE BODY OF THE DOCUMENT:
			
		 		 	ALL OF LOTS 1-7 & A PORTION OF LOT 8, BLOCK 327, SEATTLE TIDELANDS, IN THE NORTHEAST QUARTER OF SECTION 6-24-4.

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363962
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

 END OF SCHEDULE B 

  
  

CLTACMB2/RDA/0999         

 

 
  

COMMITMENT FOR TITLE INSURANCE 
 BY 
 Chicago Title Insurance Company 

Chicago Title Insurance Company, a Nebraska corporation (“Company”), for a valuable consideration, commits to issue its policy or policies of
title insurance, as identified in Schedule A, in favor of the Proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest in the land described or referred to in Schedule A, upon payment of the premiums and charges and
compliance with the Requirements; all subject to the provisions of Schedule A and B and to the Conditions of this Commitment. 
 This Commitment
shall be effective only when the identity of the Proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A by the Company. 
 All liability and obligation under this Commitment shall cease and terminate 6 months after the Effective Date or when the policy or policies committed for shall issue, whichever first occurs, provided
that the failure to issue the policy or policies is not the fault of the Company. 
 The Company will provide a sample of the policy form upon
request. 
 IN WITNESS WHEREOF, Chicago Title Insurance Company has caused its corporate name and seal to be affixed by its duly authorized
officers on the date shown in Schedule A. 
  

											
		 		 	     Chicago Title Insurance Company

					
		 		 	 

	 	By:	 	 

	 Chicago Title of Washington
 701 5th Avenue, Suite 2300
 Seattle, WA 98104
	 		 	 		 
	 		 	 		 
	 		 	 		 		 	President
	 		 	 		 	ATTEST:	 	
		 		 	 		 	

		 		 	 		 		 	Secretary

  
  

 

			
	FORM 72-83-06 (6/08)	  	ALTA Commitment - 2006

 CONDITIONS 

 

	1.	The term mortgage, when used herein, shall include deed of trust, trust deed, or other security instrument. 

 

	2.	If the proposed Insured has or acquired actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage
thereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of
reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien,
encumbrance, adverse claim or other matter, the Company at its option may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these
Conditions. 

  

	3.	Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of
policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown in Schedule B, or (c) to acquire or
create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions
and Conditions and the Exclusions from Coverage of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein.

  

	4.	This Commitment is a contract to issue one or more title insurance policies and is not an abstract of title or a report of the condition of title. Any action or actions
or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are
subject to the provisions of this Commitment. 

  

	5.	The policy to be issued contains an arbitration clause. All arbitrable matters when the Amounts of Insurance is $2,000,000 or less shall be arbitrated at the option
of either the Company or the Insured as the exclusive remedy of the parties. You may review a copy of the arbitration rules at <http://www.alta.org/>. 

  

			
	FORM 72-83-06 (6/08)	 	ALTA Commitment - 2006

 CHICAGO TITLE
COMPANY                                        
         
 701 FIFTH AVENUE, #2300, SEATTLE, WA 98104 

 

					
	A.L.T.A. COMMITMENT	  		 	
	SCHEDULE A	  	Order No.:	 	        1363961        

  

							
	Title Unit:    	 	U-06	  	Customer Number:	  	MET PARK NORTH /NBU 160330433
	Phone:	 	(206)628-5610	  	Buyer(s):	  	
	Fax:	 	(206)628-9717	  		  	
	Officer:	 	SAVIDIS/CAMPBELL/EISENBREY/HARRIS

  

							
	Commitment Effective Date: MAY 9,
2013                        at 8:00 A.M.	 	
				
	1.	 	Policy or Policies to be issued:	 		 	
		 	 ALTA Owner’s Policy
	 	Amount:	 	    $0.00
		 	 EXTENDED POLICY (6/17/2006)
	 	Premium:	 	
		 	 COMMERCIAL SHORT TERM/PRIOR POLICY
	 	Tax:	 	
		 	 RATE
	 		 	
				
		 	 Proposed Insured:
	 		 	
				
		 	Policy or Policies to be issued:	 		 	
		 	 ALTA Loan Policy
	 	Amount:	 	    $0.00
		 		 	Premium:	 	
		 		 	Tax:	 	
		 	 Proposed Insured:
	 		 	
				
		 	Policy or Policies to be issued:	 		 	
		 	 ALTA Loan Policy
	 	Amount:	 	    $0.00
		 		 	Premium:	 	
		 	 Proposed Insured:
	 	Tax:	 	
			
	2.	 	The estate or interest in the land which is covered by this Commitment is:	 	
		 	 FEE SIMPLE
	 		 	
			
	3.	 	Title to the estate or interest in the land is at the effective date hereof vested in:	 	
		 	 1220 HOWELL LLC, A DELAWARE LIMITED LIABILITY COMPANY

		
	4.	 	The land referred to in this Commitment is described as follows:
		 	 SEE ATTACHED LEGAL DESCRIPTION EXHIBIT

  
  

COMMA805/KLC/11.1.05 

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE A 

(Continued) 
  

					
		  	Order No.:	  	1363961
		  	Your No.:	  	

  

LEGAL DESCRIPTION EXHIBIT 
 (Paragraph 4 of Schedule A continuation) 
  

 LOTS 7, 8, 9, 10, 11 AND 12, BLOCK 55, SECOND ADDITION TO THE TOWN OF SEATTLE AS LAID OFF BY THE HEIRS
OF SARAH A. BELL (DECEASED), (COMMONLY KNOWN AS HEIRS OF SARAH A. BELL’S SECOND ADDITION TO THE CITY OF SEATTLE), ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 1 OF PLATS, PAGE(S) 121, IN KING COUNTY, WASHINGTON; 

EXCEPT THE NORTHWESTERLY 7 FEET OF SAID LOT 7 CONDEMNED FOR STEWART STREET BY THE CITY OF SEATTLE ON JULY 29, 1908 UNDER KING COUNTY SUPERIOR COURT CAUSE
NUMBER 58229 AS PROVIDED FOR IN CITY OF SEATTLE ORDINANCE NUMBER 14881. 

  
  

CLTACMA6/RDA/0999         

 CHICAGO TITLE
COMPANY                         
  

							
		 	A.L.T.A. COMMITMENT	  			
		 	SCHEDULE B	  	 	Order No.: 1363961                      
              	  
		 		  	 	Your No.:                         
                          	  

  
  

Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction
of the Company. 
 GENERAL EXCEPTIONS 
  

	A.	Rights or claims of parties in possession, or claiming possession, not shown by the Public Records. 

 

	B.	Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the
Land. 

  

	C.	Easements, prescriptive rights, rights-of-way, liens or encumbrances, or claims thereof, not shown by the Public Records. 

 

	D.	Any lien, or right to a lien, for contributions to employee benefit funds, or for state workers’ compensation, or for services, labor, or material heretofore or
hereafter furnished, all as imposed by law, and not shown by the Public Records. 

  

	E.	Taxes or special assessments which are not yet payable or which are not shown as existing liens by the Public Records. 

 

	F.	Any lien for service, installation, connection, maintenance, tap, capacity, or construction or similar charges for sewer, water, electricity, natural gas or other
utilities, or for garbage collection and disposal not shown by the Public Records. 

  

	G.	Unpatented mining claims, and all rights relating thereto; reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof; Indian
tribal codes or regulations, Indian treaty or aboriginal rights, including easements or equitable servitudes. 

  

	H.	Water rights, claims or title to water. 

  

	I.	Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the Public Records, or attaching subsequent to the effective date
hereof but prior to the date the proposed Insured acquires of record for value the estate or interest or mortgage thereon covered by this Commitment. 

 SPECIAL EXCEPTIONS FOLLOW 

  
  

WLTACOMB bk 05/17/07 

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	001363961
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	A	 	1.	 	EASEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	GRANTEE(S):	 	MET PARK EAST IV, L.L.C., A DELAWARE LIMITED LIABILITY COMPANY; AND MET PARK WEST IV, L.L.C., A DELAWARE LIMITED LIABILITY COMPANY
		 		 	PURPOSE:	 	PARKING
		 		 	AREA AFFECTED:	 	PORTION OF SAID PREMISES
		 		 	RECORDED:	 	OCTOBER 20, 2005
		 		 	RECORDING NUMBER:	 	20051020001631
			
	B	 		 	AS AMENDED BY FIRST AMENDMENT THERETO:
				
		 		 	RECORDED	 	MARCH 28, 2006
		 		 	RECORDING NUMBER:	 	20060328002381
			
	C	 		 	SAID EASEMENT HAS BEEN MODIFIED BY AMENDMENT THERETO RECORDED UNDER RECORDING NUMBER 20080421002126.
			
	D	 	2.	 	MEMORANDUM OF DRAINAGE CONTROL PLAN AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	MARTIN SELIG
		 		 	AND:	 	CITY OF SEATTLE
		 		 	RECORDED:	 	JUNE 6, 1991
		 		 	RECORDING NUMBER:	 	9106060726
		 		 	REGARDING:	 	MAINTENANCE OF DRAINAGE CONTROL FACILITY
			
	E	 	3.	 	TMP ACKNOWLEDGMENT LETTER AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	EXECUTED BY:	 	BENAROYA CAPITAL COMPANY, LLC
		 		 	RECORDED:	 	MARCH 18, 1999
		 		 	RECORDING NUMBER:	 	9903183344
		 		 	REGARDING:	 	TRANSPORTATION MANAGEMENT PLAN FOR BUILDING LOCATED ON SAID PREMISES

  
  

CLTACMB1/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363961
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	F	 	4.	 	RELEASE OF DAMAGE AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	BENAROYA CAPITAL COMPANY, L.L.C.
		 		 	AND:	 	CITY OF SEATTLE
		 		 	RECORDED:	 	JULY 16, 1999
		 		 	RECORDING NUMBER:	 	19990716000245
			
		 		 	RELEASING CITY OF SEATTLE FROM ALL FUTURE CLAIMS FOR DAMAGES RESULTING FROM:
			
		 		 	PERMISSION TO OCCUPY DEDICATED STREET/ALLEY AREA(S) BY ERECTING AND MAINTAINING THEREIN A SHORING SYSTEM WITH EXTERIOR TIEBACKS.
			
	G	 	5.	 	AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	BENAROYA CAPITAL COMPANY, LIMITED LIABILITY COMPANY
		 		 	AND:	 	CITY OF SEATTLE
		 		 	RECORDED:	 	SEPTEMBER 27, 1999
		 		 	RECORDING NUMBER:	 	19990927001807
		 		 	REGARDING:	 	MAINTENANCE OF DRAINAGE CONTROL FACILITY
			
	H	 	6.	 	AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	BENAROYA CAPITAL COMPANY, L.L.C., A WASHINGTON LIMITED LIABILITY COMPANY (LICENSOR)
		 		 	AND:	 	SEAFX PROPERTY, L.P., A TEXAS LIMITED PARTNERSHIP (LICENSEE)
		 		 	RECORDED:	 	NOVEMBER 4, 1999
		 		 	RECORDING NUMBER:	 	19991104001409
		 		 	REGARDING:	 	RIGHT TO USE A PORTION OF PARKING STALLS LOCATED ON SAID PREMISES
			
	I	 		 	THE LICENSOR’S INTEREST WAS ASSIGNED TO MET PARK NORTH IV, L.L.C., BY INSTRUMENT:
				
		 		 	RECORDED:	 	OCTOBER 20, 2005
		 		 	RECORDING NUMBER:	 	20051020001630

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363961
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	J	 	7.	 	AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	BENAROYA CAPITAL COMPANY, LLC
		 		 	AND:	 	CITY OF SEATTLE
		 		 	RECORDED:	 	OCTOBER 6, 2000
		 		 	RECORDING NUMBER:	 	20001006000278
		 		 	REGARDING:	 	OFF-SITE ACCESSORY PARKING
			
	K	 	8.	 	AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	BENAROYA CAPITAL COMPANY, L.L.C.
		 		 	AND:	 	CITY OF SEATTLE, CITY LIGHT DEPARTMENT
		 		 	RECORDED:	 	NOVEMBER 1, 2000
		 		 	RECORDING NUMBER:	 	20001101000067
		 		 	REGARDING:	 	EQUIPMENT TRANSPORTATION
			
	L	 	9.	 	AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	BETWEEN:	 	MET PARK NORTH IV, L.L.C.
		 		 	AND:	 	MET PARK EAST IV, L.L.C., AND MET PARK WEST, L.L.C.
		 		 	RECORDED:	 	MARCH 28, 2006
		 		 	RECORDING NUMBER:	 	20060328002381
		 		 	REGARDING:	 	COVENANT REGARDING PARKING
			
	M	 	10.	 	 MATTERS DISCLOSED IN ALTA SURVEY BY BUSH, ROED & HITCHINGS, INC.,

DATED JANUARY 26, 2006, REVISED FEBRUARY 21, 2012, AND DESIGNATED JOB NO. 2005160.05 AS FOLLOWS:

			
		 		 	A) ENCROACHMENT OF THE UPPER LEVEL BUILDING FACE INTO THE ADJOINING ALLEY A DISTANCE OF 0.4 FEET;
		 		 	B) ENCROACHMENT OF THE UPPER LEVEL BUILDING FACE INTO THE RIGHT OF WAY FOR HOWELL STREET A DISTANCE OF 1.1 FEET; AND
		 		 	C) AWNINGS EXTEND INTO THE ADJOINING RIGHTS OF WAY FOR STEWART STREET AND YALE AVENUE.

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363961
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

									
	N	 	11.	 	PAYMENT OF THE REAL ESTATE EXCISE TAX, IF REQUIRED.
			
		 		 	THE PROPERTY DESCRIBED HEREIN IS SITUATED WITHIN THE BOUNDARIES OP LOCAL TAXING AUTHORITY OP CITY OF SEATTLE. PRESENT RATE IS 1.78%.
			
		 		 	ANY CONVEYANCE DOCUMENT MUST BE ACCOMPANIED BY THE OFFICIAL WASHINGTON STATE EXCISE TAX AFFIDAVIT. THE APPLICABLE EXCISE TAX MUST BE PAID AND THE AFFIDAVIT APPROVED
AT THE TIME OF THE RECORDING OP THE CONVEYANCE DOCUMENTS.
			
		 		 	(NOTE: A DEED EXEMPT FROM EXCISE TAX IS STILL SUBJECT TO THE $5.00 TECHNOLOGY FEE AND AN ADDITIONAL $5.00 AFFIDAVIT PROCESSING FEE).
			
	O	 	12.	 	GENERAL AND SPECIAL TAXES AND CHARGES, PAYABLE FEBRUARY 15, DELINQUENT IF FIRST HALF UNPAID ON MAY 1, SECOND HALF DELINQUENT IF UNPAID ON NOVEMBER 1 OF THE TAX YEAR
(AMOUNTS DO NOT INCLUDE INTEREST AND PENALTIES):
				
		 		 	YEAR:	 	2013
		 		 	TAX ACCOUNT NUMBER:	 	066000-2381-06
		 		 	LEVY CODE:	 	0010
		 		 	ASSESSED VALUE-LAND:	 	$ 17,040,000.00
		 		 	ASSESSED VALUE-IMPROVEMENTS:	 	$ 36,167,000.00
					
		 		 	GENERAL & SPECIAL TAXES:	 	BILLED:	 	$ 562,747.30
		 		 		 	PAID:	 	$ 281,373.65
		 		 		 	UNPAID:	 	$ 281,373.65
			
	P	 	13.	 	MEMORANDUM OF LEASE, INCLUDING THE TERMS AND CONDITIONS OP THE LEASE DISCLOSED THEREIN:
				
		 		 	LESSOR:	 	BENAROYA CAPITAL, L.L.C., A WASHINGTON LIMITED LIABILITY COMPANY
		 		 	LESSEE:	 	24 HOUR FITNESS, INC., A CALIFORNIA CORPORATION
		 		 	RECORDED:	 	APRIL 23, 1999
		 		 	RECORDING NUMBER:	 	9904231487
					
	Q	 		 	AFFECTS: PORTION OF SAID PREMISES	 		 	

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363961
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	R	 	14.	 	DEED OF TRUST AND ASSIGNMENT OF RENTS AND/OR LEASES, AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	GRANTOR:	 	1220 HOWELL LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	TRUSTEE:	 	CHICAGO TITLE INSURANCE COMPANY
		 		 	BENEFICIARY:	 	AXA EQUITABLE LIFE INSURANCE COMPANY, A NEW YORK CORPORATION
		 		 	AMOUNT:	 	$ 38,610,000.00
		 		 	DATED:	 	MARCH 23, 2012
		 		 	RECORDED:	 	MARCH 23, 2012
		 		 	RECORDING NUMBER:	 	20120323001129
			
		 		 	THE AMOUNT NOW SECURED BY SAID DEED OF TRUST AND THE TERMS UPON WHICH THE SAME CAN BE DISCHARGED OR ASSUMED SHOULD BE ASCERTAINED FROM THE HOLDER OF THE INDEBTEDNESS
SECURED.
			
	S	 	15.	 	ASSIGNMENT OF LEASES AND RENTS GIVEN FOR SECURITY AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	ASSIGNOR:	 	1220 HOWELL LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	ASSIGNEE:	 	AXA EQUITABLE LIFE INSURANCE COMPANY, A NEW YORK CORPORATION
		 		 	DATED:	 	MARCH 23, 2012
		 		 	RECORDED:	 	MARCH 23, 2012
		 		 	RECORDING NUMBER:	 	20120323001130
			
	T	 	16.	 	MEMORANDUM OF LEASE, INCLUDING THE TERMS AND CONDITIONS OF THE LEASE DISCLOSED THEREIN:
				
		 		 	LESSOR:	 	1220 HOWELL LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	LESSEE:	 	AMAZON CORPORATE LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	RECORDED:	 	MARCH 22, 2013
		 		 	RECORDING NUMBER:	 	20130322000901

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363961
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

							
	U	 	17.	 	SUBORDINATION, NONDISTURBANCE AND ATTORNMENT AGREEMENT, AND THE TERMS AND CONDITIONS THEREOF:
				
		 		 	LENDER:	 	AXA EQUITABLE LIFE INSURANCE COMPANY, A NEW YORK CORPORATION
		 		 	TENANT:	 	AMAZON CORPORATE LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	LANDLORD:	 	1220 HOWELL LLC, A DELAWARE LIMITED LIABILITY COMPANY
		 		 	RECORDED:	 	MARCH 26, 2013
		 		 	RECORDING NUMBER:	 	20130326001164
			
	V	 	18.	 	 UNRECORDED LEASEHOLDS, IF ANY, RIGHTS OF VENDORS AND HOLDERS OF
 SECURITY INTERESTS ON PERSONAL PROPERTY INSTALLED UPON SAID PROPERTY AND RIGHTS OF TENANTS TO REMOVE TRADE FIXTURES AT THE EXPIRATION OF THE TERM.

			
	W	 	19.	 	TERMS AND CONDITIONS OF THE LIMITED LIABILITY COMPANY AGREEMENT FOR 122 0 HOWELL LLC.
			
	X	 		 	NOTE: A COPY OF THE LIMITED LIABILITY COMPANY AGREEMENT, AND AMENDMENTS THERETO, IF ANY, MUST BE SUBMITTED.
			
	Y	 	20.	 	 ANY CONVEYANCE OR MORTGAGE BY 122 0 HOWELL LLC, MUST BE EXECUTED IN
 ACCORDANCE WITH THE LIMITED LIABILITY COMPANY AGREEMENT AND BY ALL THE MEMBERS, OR EVIDENCE MUST BE SUBMITTED THAT CERTAIN DESIGNATED MANAGERS/MEMBERS HAVE BEEN AUTHORIZED TO ACT FOR THE LIMITED LIABILITY
COMPANY.

			
	Z	 	21.	 	TITLE IS TO BE VESTED IN PERSONS NOT YET REVEALED AND WHEN SO VESTED WILL BE SUBJECT TO MATTERS DISCLOSED BY A SEARCH OF THE RECORDS AGAINST THEIR
NAMES.
			
	AA	 	22.	 	 THE LEGAL DESCRIPTION IN THIS COMMITMENT IS BASED ON INFORMATION

PROVIDED WITH THE APPLICATION AND THE PUBLIC RECORDS AS DEFINED IN THE POLICY TO ISSUE. THE PARTIES TO THE FORTHCOMING TRANSACTION MUST NOTIFY THE
TITLE INSURANCE COMPANY PRIOR TO CLOSING IP THE DESCRIPTION DOES NOT CONFORM TO THEIR EXPECTATIONS.

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363961
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

					
	AB	 	23.	 	IMPORTANT!! THIS TRANSACTION HAS NOT BEEN APPROVED FOR INSURANCE AGAINST UNRECORDED LABOR AND MATERIAL LIEN RIGHTS NOR FOR MATTERS THAT COULD BE DISCLOSED BY AN ACCURATE AND
COMPLETE SURVEY OP THE LAND. YOU MAY NOT CLOSE UNTIL YOU HAVE RECEIVED A SUPPLEMENTAL PROM THE TITLE UNIT ADDRESSING THIS PARAGRAPH!
			
		 		 	TO PROVIDE AN EXTENDED COVERAGE OWNER’S POLICY GENERAL EXCEPTIONS A THROUGH D WILL BE CONSIDERED WHEN OUR INSPECTION AND/OR REVIEW OF SURVEY, IF REQUIRED, IS COMPLETED, GENERAL
EXCEPTIONS E THROUGH H WILL REMAIN IN THE OWNER’S POLICY TO ISSUE, A SUPPLEMENTAL COMMITMENT WILL FOLLOW.
			
		 		 	IF THE ANTICIPATED CLOSING DATE IS LESS THAN 4 WEEKS FROM THE DATE OF THIS COMMITMENT, PLEASE CONTACT YOUR TITLE OFFICER IMMEDIATELY.
			
	AC	 	24.	 	 PRIOR TO ISSUING AN EXTENDED FORM OWNER’S POLICY THIS COMPANY REQUIRES THAT THE PARTIES TO THE TRANSACTION PROVIDE AN ALTA/ACSM
CERTIFIED,
 AS-BUILT SURVEY.

			
	AD	 		 	 NOTE 1:
 IN THE EVENT THE
OWNER’S POLICY COVERAGE IS CHANGED FROM EXTENDED TO STANDARD COVERAGE A CHARGE OF $230.00, PLUS $21.85 SALES TAX, WILL BE ADDED TO COVER THE COSTS RELATING TO THE EXTENDED COVERAGE INSPECTION.

			
	AE	 		 	 NOTE 2:
 ANY MAP FURNISHED WITH
THIS COMMITMENT IS FOR CONVENIENCE IN LOCATING THE LAND INDICATED HEREIN WITH REFERENCE TO STREETS AND OTHER LAND.
 NO LIABILITY IS ASSUMED BY
REASON OF RELIANCE THEREON.

			
	AF	 		 	 NOTE 3:
 EFFECTIVE JANUARY 1,
1997, DOCUMENT FORMAT AND CONTENT REQUIREMENTS HAVE BEEN IMPOSED BY WASHINGTON LAW. FAILURE TO COMPLY WITH THE FOLLOWING REQUIREMENTS MAY RESULT IN REJECTION OF THE DOCUMENT BY THE COUNTY RECORDER OR IMPOSITION OF A $50.00
SURCHARGE.

			
		 		 	FOR DETAILS OF THESE STATEWIDE REQUIREMENTS PLEASE VISIT THE KING COUNTY RECORDER’S OFFICE WEBSITE AT WWW.KINGCOUNTY.GOV/BUSINESS/RECORDERS.ASPX AND SELECT ONLINE
FORMS AND DOCUMENT STANDARDS.

  
  

CLTACMB2/RDA/0999         

 CHICAGO TITLE
COMPANY                         
 A.L.T.A. COMMITMENT 
 SCHEDULE B 

(Continued) 
  

					
		  	Order No.:	  	1363961
		  	Your No.:	  	

  

SPECIAL EXCEPTIONS 
  

					
		 		 	THE FOLLOWING MAY BE USED AS AN ABBREVIATED LEGAL DESCRIPTION ON THE DOCUMENTS TO BE RECORDED TO COMPLY WITH THE REQUIREMENTS OF RCW 65.04. SAID ABBREVIATED LEGAL DESCRIPTION IS NOT
A SUBSTITUTE FOR A COMPLETE LEGAL DESCRIPTION WHICH MUST ALSO APPEAR IN THE BODY OF THE DOCUMENT:
			
		 		 	PORTION OF LOT 7 AND ALL OF LOTS 8-12, BLOCK 55, VOLUME 1 OF PLATS, PAGE 121.

 END OF SCHEDULE B 

  
  

CLTACMB2/RDA/0999         

 Schedule 1.2(a) 

List of Documents Produced as Part of the Seller Diligence Documents 
 Finance - Expenses 
 First and King 

2013 Budget 

First & King - 2013 Budget 
 First & King - Parking Revenue 
 Historical Capital Work 

First & King - Historical Capital Projects 
 Operating Statements 
 First & King 2011 Income Statement 

First & King 2012 Income Statement 
 First & King March-2013 YTD Income Statement 
 Parking Agreement

 Standard Parking Agreement October 2011 
 Property Management Agreement 
 CBRE Agreement - Executed 

Schedule of Planned Capital Work 
 First & King - Schedule of Planned Capital Projects 
 Tax Bills

 Tax Bill - 2011 Taxes - Paid in 2012 
 Tax Bill - 2012 Taxes - To Pay in 2013 
 Tax Notice - 2012 Taxes - To Pay in 2013

 Met Park North 
 2013 Budget 
 2013 Met Park North Budget 

Met Park North 2013 parking Budget-10-13-12 -82090 
 Met Park North Parking Revenue Reforecast - Monthly parkers (Aug 13 - Dec 13) 

MPN - Parking Model 
 Historical Capital Work 
 MPN Historical Capital Work 

Operating Statements 
 MPN_2012 Operating Statement 
 MPN_March 2013 YTD Operating Statement 

Parking Agreement 
 Fully Executed Parking Management Agreement.(4.16.2012).Standard Parking 
 Property
Management Agreement 
 Fully Executed Property Management Agreement.(6.30.2012) 

Schedule of Planned Capital Work 
 MPN Schedule of Planned Capital Work 
 Tax Bills 

MPN 2011 Tax Bill 
 MPN 2012 Tax Bill (website) 
 MPN 2013 Tax Bill 

  
 Schedule
1.2(a) 

 Tax Consultant Agreement 

NWPTC_MPN Authorization_executed 
 Tax Consultant Agreement_3.8.13 
 Northview 

2013 Budget 

Northview_2013 Budget 
 Historical Capital Work 
 NCC Historical Capital Work 

Operating Statements 
 NCC 2011 Income Statement 
 NCC 2012 Income Statement 

NCC Mar-2013 YTD Income Statement 
 Property Management Agreement 
 Property Management Agreement 

NCC-Amendment to Property Management Agreement 
 Second Amendment to Property Management Agreement (dated) 
 Tax Bills 

2011 Tax Bills 

2012 Tax Bills 

2013 Tax Bills 

Tax Consultant Agreement 
 Signed Proposal August 2012 
 Finance - Income 

First and King 

Expense Reimbursements 
 CAMs 2011 and Estimates for 2012 
 Cap One CAM 2012 

EMC CAM 2012 

First & King - 1Q13 Budget - Reimbursements 
 ING_Letter 
 Nuance CAM 2012 

Nuance_Letter 

Summary of ING Base Year Final 
 Summit Power CAM 2012 
 Lease Documents 

Licenses and Agreements 
 atlas_20110718172656 
 Cingular Memorandum of Agreement Dated 11.29.04 

Cingular Subordination Agreement Dated 11.29.04 
 Commencement of Cingular Lease Letter Dated 12 10 04 (2)
 Communications Site
Lease Agreement Dated 11 29 04 

  
 Schedule
1.2(a) 

 Drop Box Agreement Dated 06 24 05 

UPS-Additional Letter Agreement Dated 08 03 87 
 UPS-Letter Agreement Dated 08 03 87_#2 
 Comcast agreement and easement

 Capital One 
 Deli 
 EMC 

Nuance 

Socrata 

Summit Power 

Misc Income 

Arpil 2013 

First King - Parking Budget_2013 
 FK_Event Parking Revenue - Thru Sep ‘12 
 FK_Parking 2012 Operating Statement

 March 2013 
 Parking Summary - Tenant Spaces and Allowances 
 Rent Roll 

First & King - RR 
 First and King Rent Roll_3.2013 
 Met Park North 

Expense Reimbursements 
 Historical 
 24 Hour Fitness CAMs 

Martini CAMs 

Nordstrom CAMs 

Reza CAMs 

Starbucks CAMs 

Subway CAMs 

2011 Escalation True-Up - Evidence of Refund Payment to Tenants 3.21.12 

2012 CAM Estimates 2012 Escalations 
 2012 FINAL CAM Rec Calculation 
 2013 Estimates_MPN 

MPN 2012 Est Escalation-All Tenants 
 MPN 2012 Est Escalation-Nordstrom(Feb-Dec) 
 Tenant Pools_MPN 2012 Finals

 Lease Documents 
 24 Hour Fitness 
 24 Hour Fitness Estoppel dated 2006 

Amazon.com 

Dr. Jurga Martini 
 Nordstrom 
 Subway 

Telecommunications Agreements 

  
 Schedule
1.2(a) 

 Misc Income 
 Parking 
 Rent Roll 

Met Park North - RR 
 MPN Rent Roll_3.2013 
 Northview 

Expense Reimbursements 
 2012_CAM Recs_NCC 
 2013 OPX Estimates Worksheets 

NCC_ 2011 CAM Rec TT Worksheets FINAL 5-17-12 
 License Agreements 
 Verizon 

Lease Documents 

ADP 
 All for
Kidz 
 Audit and Adjustment 
 Cemex 
 Comcast 

Davis Schueller 

lEPlexus 
 FEMA

 Fine Business Solutions 
 Homestreet Bank 
 Lion New Media 

PBSJ 

University of Phoenix 
 Misc Income 
 _Summary 

Parking Agreement_LION 
 Storage Agreement_FBS 
 Storage Agreement_FEMA 

NCC DS Parking 2011 
 NCC DS Parking 2012 
 NCC DS Storage 

NCC MTM Storage_Cobalt 
 Rent Roll 
 Northview 03.2013 Rent Roll 

Northview Corporate Center - RR 

  
 Schedule
1.2(a) 

 Legal 
 First and King 
 Certificate of Occupancy 

Easements 
 Legal
Description and ALTA Survey 
 Title 
 Zoning 
 Met Park North 

Certificate of Occupancy 
 Easements 
 Legal Description and ALTA Survey 

Permits 
 Title

 Warranties 
 Zoning 
 Northview 

CC&Rs 
 Tl
Final - 
 Permits 
 Easements 
 Legal Description and ALTA Survey 

Signs 
 Title

 Zoning 
 Physical

 First and King 
 BOMA and Floor Plans 
 CAD Files 

Phase I Environmental 
 Phase II Environmental 
 Property Condition Report 

Warranties 

Summary of Starbucks Improvements 
 Met Park North 
 BOMA and Floor Plans 

CAD Files 
 Flood

 Phase I documents 
 Property Condition Reports 
 Seismic 

Northview 
 ADA
Survey 
 BOMA and Floor Plans 
 CAD Files 
 Phase I Environmental 

Property Condition Reports 
 Structural 

  
 Schedule
1.2(a) 

 SSC Capital & Free Rent Obligations 

Schedule of LL schedule of improvements in progress 
 Schedule of free/reduced rent obligations 
 Schedule of contingent/remaining
leasing commissions 
 Schedule of LL Tl obligations outstanding 
 Accounting/Financing Reporting Docs/Reports 
 First and King 

Tenant Histories/Monthly billings/collections 
 Aged Delinquencies 
 General Ledger 

Security Deposit Master list 
 Historical Utility Bills 
 Tenant CM Report 

Met Park North 

Tenant Histories/Monthly billings/collections 
 Aged Delinquencies 
 General Ledger 

Security Deposit Master list 
 Historical Utility Bills 
 Tenant CM Report 

Northview 

Tenant Histories/Monthly billings/collections 
 Aged Delinquencies 
 General Ledger 

Security Deposit Master list 
 Historical Utility Bills 
 Tenant CM Report 

Property Documents 
 First and
King 
 Copies of all service contracts to be transferred 

Right of Entry agreement with the State of Washington (9/22/11) 
 Viaduct and Railroad Way Documents 
 120627 Viaduct Coordination Meeting Notes

 120710 Viaduct Coordination Meeting Notes 
 City Plan 
 Executed - Noise Monitor.Right of Entry Agreement 

Noise Report - 3.14.13 
 Railroad Way - Spear Street Capital 
 Transpo Agreement - Executed 

Tunnel Contact List 
 WashDOT Letter about Surveys - 12.5.12 
 WashDOT ROE 

Railroad Way - SSC Specific Slides 

  
 Schedule
1.2(a) 

 Bloom Consulting Contract 

List of personal property 
 Schedule of Building Service contracts/agreements 
 Inspection Reports and Licenses

 Tenant’s certificates of insurance 
 Listing Agreements 
 Met Park North 

Copies of all service contracts to be transferred 
 Bloom Consulting Contract 
 HVAC Equipment maintenance reports 

List of personal property 
 Schedule of Building Service contracts/agreements 
 Inspection Reports and Licenses

 Tenant’s certificates of insurance 
 Listing Agreements 
 Northview 

Building Standards 
 Bloom Consulting Contract 
 Copies of all service contracts to be transferred

 HVAC Equipment maintenance reports 
 List of personal property 
 Schedule of Building Service contracts/agreements

 Inspection Reports and Licenses 
 Tenant’s certificates of insurance 
 Listing Agreements 

  
 Schedule
1.2(a) 

 Schedule 2.1 
 Allocated Value for Each Property (including Personal Property Value) 
  

					
	 Name of Seller
	 	 Name of Property owned by Seller
	 	 Allocated Value to Real

Property and Personal

Property

			
	1220 Howell LLC	 	Metropolitan Park – North Tower, Seattle, Washington	 	 Real Property:
$                    
  
 Personal Property: $                    

			
	King & Dearborn, LLC	 	83 South King Street and 505 First Street, Seattle, Washington	 	 Real Property:
$                    
  
 Personal Property: $                    

			
	Northview Corporate Center LLC	 	Northview Corporate Center, 20700 44th Avenue West, Lynnwood, Washington	 	 Real Property:
$                    
  
 Personal Property: $                    

  
 Schedule 2.1

 Schedule 5.1 
 Litigation 
 None. 

  
 Schedule 5.1

 Schedule 5.1(b) 

List of any Tenant Audits of Operating Expenses 
 None. 

  
 Schedule
5.1(b) 

 Schedule 5.1(f) 

List of Tax Appeals 

Met Park North: 
  

	 	•	 	 Pending 2011 value for 2012 taxes pending at the Board of Tax Appeals. A hearing is not yet scheduled. 

 

	 	•	 	 Pending 2012 value for 2013 taxes pending with the Board of Tax Appeals. A hearing is not yet scheduled. 

Northview: 
  

	 	•	 	 Pending 2011 value for 2012 taxes pending at the Board of Tax Appeals. A hearing is not yet scheduled. 

 

	 	•	 	 Pending 2012 value of 2013 taxes pending with the County Board of Equalization. A hearing is not yet scheduled. 

  
 Schedule
5.1(f) 

 Schedule 5.1(g)(1) 

Description of Current Ongoing Tenant Improvement Work and 
 Improvement Allowance for Such Work, Free Rent, Current and Future Brokerage 

Commissions, and Other Unexpired or Outstanding Tenant Inducements of Monetary Concessions 

 

																					
	
	 Schedule of Remaining Capital Obligations
	   

	 As of
	 				 				 				 	 	6/5/2013	  	 			
	
	 Schedule of Contigent/Remaining Leasing Commissions
	   

	 Tenant
	 	Anticipated
Payment Date	 	 	Total Obligation	 	 	Amount Paid	 	 	Estimated
Remaining
Obligation	 	 	 	 
	 First & King
	 				 				 				 				 			
	 EMC (2nd floor expansion)
	 	 	6/1/13 and 1/1/14	  	 	$	622,833	  	 	 	—  	  	 	$	622,833	  	 			
	 Met Park North
	 				 				 				 				 			
	 24 Hour Fitness
	 	 	6/1/2013	  	 	$	113,346	  	 	 	—  	  	 	$	113,346	  	 			
	 Northview Corporate Center
	 				 				 				 				 			
	 Lion New Media
	 	 	10/1/2013	  	 	$	10,074	  	 	 	—  	  	 	$	10,074	  	 			
	
	 Schedule of LL Tl Outstanding Obligations
	   

	 Tenant
	 	Estimated Start Date	 	 	Total Obligation	 	 	Amount Paid	 	 	Estimated
Remaining
Obligation	 	 	 	 
	 First & King
	 				 				 				 				 			
	 EMC (2nd floor expansion)
	 	 	6/1/2013	  	 	$	3,006,780	  	 	 	—  	  	 	$	3,006,780	  	 			
	 Met Park North
	 				 				 				 				 			
	 Amazon
	 	 	7/3/2013	  	 	$	4,807,670	  	 	 	—  	  	 	$	4,807,670	  	 			
	 24 Hour Fitness
	 	 	TBD	  	 	$	377,820	  	 	 	—  	  	 	$	377,820	  	 			
	 Jurga Martini
	 	 	5/12/2013	  	 	$	124,300	  	 	$	105,430	  	 	$	18,870	  	 			
	 Northview Corporate Center
	 				 				 				 				 			
	 Cemex
	 	 	In progress	  	 	$	141,855	  	 	 	—  	  	 	$	141,855	  	 			
	 Davis Schueller
	 	 	N/A	  	 	$	6,000	  	 	 	—  	  	 	$	6,000	  	 			
	 HomeStreet
	 	 	N/A	  	 	$	65,870	  	 	 	—  	  	 	$	65,870	  	 			
	 HomeStreet
	 	 	N/A	  	 	$	96,248	  	 	 	—  	  	 	$	96,248	  	 			
	 Lion New Media
	 	 	10/1/2013	  	 	$	34,440	  	 	 	—  	  	 	$	34,440	  	 			
	
	 Schedule of Free Rent
	   

	 Tenant
	 	Total Free Rent	 	 	Estimated Transaction
Close Date	 	 	Amount Past	 	 	Estimated
Remaining
Obligation	 	 	Per diem Free Rent	 
	 Northview Corporate Center
	 				 				 				 				 			
	 Cemex
	 	$	58,028	  	 	 	7/12/2013	  	 	 	15,550	  	 	$	42,478	  	 	$	379.26	  
	
	 Schedule of Rent Obligations for Leases Yet to Commence
	   

						
	 Tenant
	 	Original Seller Argus
Credit	 	 	Estimated Transaction
Close Date	 	 	 	 	 	Estimated
Credit to Buyer	 	 	Note	 
	 First & King
	 				 				 				 				 			
						
	 EMC (2nd floor expansion) Modified Gross Rent
	 	$	720,000	  	 	 	7/12/2013	  	 				 	$	676,957	  	 	 	Adjusted for Closing Date	  
	 Met Park North
	 				 				 				 				 			
	 Amazon Modified Gross Rent
	 	$	1,600,000	  	 	 	7/12/2013	  	 				 	$	1,600,000	  	 			
						
	 Amazon Parking Payment
	 	$	400,000	  	 	 	7/12/2013	  	 				 	$	376,087	  	 	 	Adjusted for Closing Date	  
		 				 				 				 	  
	  
	 	 			
	 TOTAL
	 				 	$	11,997,328	  	 			
		 				 				 				 	  
	  
	 	 			

  
 Schedule
5.1(g)(1) 

 Schedule 6.1(d) 

List of Tenants 
 List of
Tenants: 
 First and King 
  

	 	1.	Capital One Financial Corporation 

  

	 	2.	Chong Ku and Young Ae Kim (Deli) 

  

	 	3.	EMC Corporation 

  

	 	4.	Nuance Communications, Inc. 

  

	 	5.	Socrata, Inc. 

  

	 	6.	Summit Power Group Inc. 

 Met Park North

  

	 	1.	24 Hour Fitness USA, Inc. 

  

	 	2.	Amazon Corporate LLC 

  

	 	3.	Jurga Martini D.M.D., P.S. d/b/a Advanced Metropolitan Dentistry 

  

	 	4.	Nordstrom, Inc. 

  

	 	5.	Subway Real Estate LLC 

 Northview

  

	 	1.	ADP, Inc. 

  

	 	2.	All For Kidz, Inc. 

  

	 	3.	Audit & Adjustment Company, Inc. 

  

	 	4.	Cemex Construction Materials Pacific, LLC 

  

	 	5.	Davis Schueller, Inc. 

  

	 	6.	iePlexus 

  

	 	7.	United States of America 

  

	 	8.	Fine Business Solutions, LLC 

  

	 	9.	HomeStreet Bank 

  

	 	10.	Lion New Media LLC 

  

	 	11.	Post, Buckley, Schuh & Jernigan, Inc. 

  

	 	12.	University of Phoenix, Inc. 

  
 Schedule
6.1(d) 

 Schedule 6.1(d)(1) 

Estoppel Certificates - List of Tenants With Form Estoppels Attached to Lease 

First and King 
  

	 	1.	EMC Corporation 

  

	 	2.	Socrata, Inc. 

 Met Park North

  

	 	1.	Amazon Corporate LLC 

 Northview

  

	 	1.	ADP, Inc. 

  

	 	2.	All For Kidz, Inc. 

  

	 	3.	Audit & Adjustment Company, Inc. 

  

	 	4.	Cemex Construction Materials Pacific, LLC 

  

	 	5.	Fine Business Solutions, LLC 

  

	 	6.	HomeStreet Bank 

  

	 	7.	Lion New Media LLC 

  

	 	8.	Post, Buckley, Schuh & Jernigan, Inc. 

  

	 	9.	University of Phoenix, Inc. 

  
 Schedule
6.1(d)(1) 

 Schedule 7.2(e) 

List of Required Tenant Estoppels 
 83 South King Street and 505 First Street: 
  

	 	1.	Nuance; 

  

	 	2.	EMC; and 

  

	 	3.	Capital One. 

 Metropolitan Park - North
Tower: 
  

	 	1.	Amazon; and 

  

	 	2.	24 Hour Fitness. 

 Northview Corporate
Center: 
  

	 	1.	ADP; 

  

	 	2.	HomeStreet Bank; 

  

	 	3.	University of Phoenix; and 

  

	 	4.	All for Kidz. 

  
 Schedule
7.2(e) 

 Schedule 7.2(f) 

Lobby Work Budget 

  
 Schedule
7.2(f) 

											
	 Lobby Renovation
	 	 MetPark North
	 	 Summary

 

											
	 Location
	  	 1st Floor
	  		  	Start Date	  	1/18/2013	  	
	 Report Date
	  	 6/8/2013
	  		  	Subst Compl Date	  	6/15/2013 Phase 2 (west)	  	
	 Approx RSF
	  	 3,000
	  		  	Closed Date	  	TBD	  	
	 Plan Date
	  	 11/5/2012
	  		  		  		  	

  

 
  

																																	
									
	[ILLEGIBLE]	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
									
	 Architect/Engineering
	  	 	45,500.00	  	  	 	15.17	  	  	 	49,872.50	  	  	 	16.62	  	  	 	48,122.50	  	  	 	16.04	  	  	 	45,441.55	  	  	 	2,680.95	  
									
	 Permit
	  	 	8,975.00	  	  	 	2.99	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
									
	 Construction
	  	 	548,534.37	  	  	 	182.84	  	  	 	612,069.72	  	  	 	204.02	  	  	 	612,069.72	  	  	 	204.02	  	  	 	316,734.49	  	  	 	295,335.23	  
									
	 Signage and Building Support
	  	 	24,637.50	  	  	 	8.21	  	  	 	14,481.96	  	  	 	4.83	  	  	 	3,531.96	  	  	 	1.18	  	  	 	3,531.96	  	  	 	0.00	  
									
	 Haz/Mat and Consulting
	  	 	2,000.00	  	  	 	0.67	  	  	 	762.50	  	  	 	0.25	  	  	 	762.50	  	  	 	0.25	  	  	 	762.50	  	  	 	0.00	  
									
	 Furniture, Fixtures & Equipment
	  	 	58,177.35	  	  	 	19.39	  	  	 	70,839.55	  	  	 	23.61	  	  	 	70,839.55	  	  	 	23.61	  	  	 	43,874.05	  	  	 	26,965.50	  
									
	 Technology
	  	 	7,336.50	  	  	 	2.45	  	  	 	7,336.50	  	  	 	2.45	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
									
	 Contingency
	  	 	60,000.00	  	  	 	20.00	  	  	 	5,000.00	  	  	 	1.67	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
									
	 Project Management
	  	 	35,349.04	  	  	 	11.78	  	  	 	38,018.14	  	  	 	12.67	  	  	 	36,766.31	  	  	 	12.26	  	  	 	18,117.82	  	  	 	18,648.49	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
									
	 Total Cost of Work
	  	 	790,509.76	  	  	 	263.50	  	  	 	798,380.86	  	  	 	266.13	  	  	 	772,092.53	  	  	 	257.36	  	  	 	428,462.37	  	  	 	343,630.16	  

  

					
		 	

	 	Page 1 of 5

													
	 Lobby Renovation
	 	 MetPark North
	 	
Details

 

															
	 Location
	  	1st Floor	  		  		  		  		  	Parent Permit	    	6323974, 6335585, 6346901
	 Report Date
	  	6/8/2013	  		  		  		  		  	Child Permit	    	NA
	 Approx RSF
	  	3,000	  		  		  		  		  	Start Date	    	1/18/2013
	 Plan Date
	  	11/5/2012	  	Weaver Design	  		  		  		  	Subst Compl Date	    	6/15/2013 Phase 2 (west)
		  		  		  		  		  		  	Closed Date	    	TBD

  
  

 

																																							
	 Architect/Engineering
	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	 Invoice
	 	Inv #	 	Inv Date	 	PO
No.	 	 Description
	 	Aprv	 	 Notes

	 Weaver Architects #1206300
	 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 SD/DD NTE
	 	 	8,000.00	  	 	 	2.67	  	 	 	8,000.00	  	 	 	2.67	  	 	 	8,000.00	  	 	 	2.67	  	 		 		 		 		 	Not to exceed	 		 	June 15, 2012 proposal
	 Permit/CD’s NTE
	 	 	14,000.00	  	 	 	4.67	  	 	 	14,000.00	  	 	 	4.67	  	 	 	14,000.00	  	 	 	4.67	  	 		 		 		 		 	Not to exceed	 		 	
	 Reimbursables- Allowance
	 	 	1,000.00	  	 	 	0.33	  	 	 	1,000.00	  	 	 	0.33	  	 	 	1,000.00	  	 	 	0.33	  	 		 		 		 		 	Estimated	 		 	
	 10% on subconsultants and reimb’s
	 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 Additional Services
	 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 Structural Engineer
	 	 	5,000.00	  	 	 	1.67	  	 	 	5,000.00	  	 	 	1.67	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 Retail Concepts #1206302
	 	 	500.00	  	 	 	0.17	  	 	 	500.00	  	 	 	0.17	  	 	 	500.00	  	 	 	0.17	  	 		 		 		 		 		 		 	
	 Retail Rendering
	 	 	1,000.00	  	 	 	0.33	  	 	 	1,000.00	  	 	 	0.33	  	 	 	1,000.00	  	 	 	0.33	  	 		 		 		 		 		 		 	
	 Permit - combine to one set
	 	 	3,000.00	  	 	 	1.00	  	 	 	3,000.00	  	 	 	1.00	  	 	 	3,000.00	  	 	 	1.00	  	 		 		 		 		 		 		 	
	 Plan coordination and completion
	 	 	5,000.00	  	 	 	1.67	  	 	 	5,000.00	  	 	 	1.67	  	 	 	5,000.00	  	 	 	1.67	  	 		 		 		 		 		 		 	
	 Construction Administration
	 	 	8,000.00	  	 	 	2.67	  	 	 	8,000.00	  	 	 	2.67	  	 	 	8,000.00	  	 	 	2.67	  	 		 		 		 		 		 		 	
	 Furniture Selection
	 				 	 	0.00	  	 				 	 	0.00	  	 	 	3.000.00	  	 	 	1.00	  	 		 		 		 		 	Proposal 1/16/13	 		 	
	 Reimbursables- Allowance
	 				 	 	0.00	  	 				 	 	0.00	  	 	 	250.00	  	 	 	0.08	  	 		 		 		 		 		 		 	
		 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 Building Permit
	 				 	 	0.00	  	 	 	4,372.50	  	 	 	1.46	  	 	 	4,372.50	  	 	 	1.46	  	 		 		 		 		 	$3975 plus 10% markup	 		 	
		 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 Weaver Architects
	 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	3,693.72	 	1206300-01	 	5/31/2012	 		 	Initial marketing and Conceptual Design
	 Weaver Architects
	 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	5,008.70	 	1206300-02	 	6/30/2012	 		 		 		 	
	 Weaver Architects
	 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	15,681.29	 	1206300-03	 	7/31/2012	 		 	Includes permit for $3975	 		 	
	 Weaver Architects
	 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	2,816.25	 	1206300-04	 	8/31/2012	 		 		 		 	
	 Weaver Architects
	 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	5,369.51	 	1206300-05	 	9/30/2012	 		 		 		 	
	 Weaver Architects
	 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	7,276.22	 	1206300-06	 	10/31/2012	 		 		 		 	
	 Weaver Architects
	 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	4,235.50	 	1206300-07	 	12/31/2012	 		 		 		 	
	 Weaver Architects
	 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	1,360.36	 	1206300-08	 	1/31/2013	 		 		 		 	
		 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 Pre-Tax Subtotal
	 	 	45,500.00	  	 	 	15.17	  	 	 	49,872.50	  	 	 	16.62	  	 	 	48,122.50	  	 	 	16.04	  	 		 		 		 		 		 		 	
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 WSST
	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 		 		 		 		 		 		 	
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	 		 		 		 		 		 	
														
	 Subtotals
	 	 	45,500.00	  	 	 	15.17	  	 	 	49,872.50	  	 	 	16.62	  	 	 	48,122.50	  	 	 	16.04	  	 	45,441.55	 		 		 		 		 		 	
														
	 Permit
	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	 Invoice
	 	Inv #	 	Inv Date	 	PO
No.	 	 Description
	 	Aprv	 	 Notes

	 Permit and Plan Review
	 	 	3,975.00	  	 	 	1.33	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	See architecture section for invoicing	 		 		 		 	
	 Permit Inspections
	 	 	5,000.00	  	 	 	1.67	  	 	 	0.00	  	 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 Pre-Tax Subtotal
	 	 	8,975.00	  	 	 	2.99	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 		 		 		 		 		 		 	
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 WSST
	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 		 		 		 		 		 		 	
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	 		 		 		 		 		 	
														
	 Subtotals
	 	 	8,975.00	  	 	 	2.99	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	0.00	 		 		 		 		 		 	

  

					
		 	

	 	Page 2 of 5

													
	 Lobby Renovation
	 	 MetPark North
	 	
Details

 

															
	 Location
	 	1st Floor	 		 		 		 		 	Parent Permit	    	6323974, 6335585, 6346901
	 Report Date
	 	6/8/2013	 		 		 		 		 	Child Permit	    	NA
	 Approx RSF
	 	3,000	 		 		 		 		 	Start Date	    	1/16/2013
	 Plan Date
	 	11/5/2012	 	Weaver Design	 		 		 		 	Subst. Compl Date	    	6/15/2013 Phase 2 (west)
		 		 		 		 		 		 	Closed Date	    	TBD

  
  

 

																																											
	 Construction
	 	 	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	 Invoice
	 	Inv #	 	Inv Date	 	PO
No.	 	 Description
	 	Aprv	 	 Notes

	 Davis Schueller
	 				 	 	456,944.63	  	 	 	152.31	  	 	 	456,944.63	  	 	 	152.31	  	 	 	456,944.63	  	 	 	152.31	  	 		 		 		 		 		 		 	
	 Alt 1— changes to CD’s
	 				 				 	 	0.00	  	 	 	22,718.00	  	 	 	7.57	  	 	 	22,718.00	  	 	 	7.57	  	 		 		 		 		 		 		 	
	 Yale Entry Door In-Fill
	 				 	 	16,000.00	  	 	 	5.33	  	 	 	15,581.64	  	 	 	5.19	  	 	 	15,581.64	  	 	 	5.19	  	 		 		 		 		 	Newscope— 2/4/13	 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 Change Order Log
	 				 	 	28,000.00	  	 	 	9.33	  	 	 	63,723.51	  	 	 	21.24	  	 	 	63,723.51	  	 	 	21.24	  	 		 		 		 		 	Budget increase approved per C. Hines 2/12/13
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 Davis Schueller
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	132,737.77	 	22244	 	2/27/2013	 		 		 		 	
	 Davis Schueller
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	183,996.72	 	22279	 	3/22/2013	 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 Pre-Tax Subtotal
	 				 	 	500,944.63	  	 	 	166.98	  	 	 	558,967.78	  	 	 	186.32	  	 	 	558,967.78	  	 	 	186.32	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 WSST
	 	 	9.50%	  	 	 	47,589.74	  	 	 	15.86	  	 	 	53,101.94	  	 	 	17.70	  	 	 	53,101.94	  	 	 	17.70	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	 		 		 		 		 		 	
															
	 Subtotals
	 				 	 	548,534.37	  	 	 	182.84	  	 	 	612,069.72	  	 	 	204.02	  	 	 	612,069.72	  	 	 	204.02	  	 	316,734.49	 		 		 		 		 		 	
															
	 Signage and
Building Support
	 	 	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	 Invoice
	 	Inv #	 	Inv Date	 	PO
No.	 	 Description
	 	Aprv	 	 Notes

	 Directory
	 				 	 	20,000.00	  	 	 	6.67	  	 	 	10,000.00	  	 	 	3.33	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 Food Court Signage
	 				 	 	2,000.00	  	 	 	0.67	  	 	 	0.00	  	 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 Temp Signage during const
	 				 	 	500.00	  	 	 	0.17	  	 	 	0.00	  	 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 American Reprographics
	 				 				 	 	0.00	  	 	 	164.70	  	 	 	0.05	  	 	 	164.70	  	 	 	0.05	  	 	180.35	 	20-492092	 	8/30/2012	 		 	Structural plans to digital	 		 	
	 MacDonald Miller
	 				 				 	 	0.00	  	 	 	3,060.83	  	 	 	1.02	  	 	 	3,060.83	  	 	 	1.02	  	 	3,351.61	 	SVC038737	 	2/21/2013	 		 	Filter replacements due to demo dust	 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 Pre-Tax Subtotal
	 				 	 	22,500.00	  	 	 	7.50	  	 	 	13,225.53	  	 	 	4.41	  	 	 	3,225.53	  	 	 	1.08	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 WSST
	 	 	9.50%	  	 	 	2,137.50	  	 	 	0.71	  	 	 	1,256.43	  	 	 	0.42	  	 	 	306.43	  	 	 	0.10	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	 		 		 		 		 		 	
															
	 Subtotals
	 				 	 	24,637.50	  	 	 	8.21	  	 	 	14,481.96	  	 	 	4.83	  	 	 	3,531.96	  	 	 	1.18	  	 	3,531.96	 		 		 		 		 		 	
															
	 Haz/Mat and
Consulting
	 	 	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	 Invoice
	 	Inv #	 	Inv Date	 	PO
No.	 	 Description
	 	Aprv	 	 Notes

	 TBD-survey and tests
	 				 	 	2,000.00	  	 	 	0.67	  	 	 	762.50	  	 	 	025	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 PBS Environmental
	 				 				 	 	0.00	  	 				 	 	0.00	  	 	 	762.50	  	 	 	0.25	  	 		 		 		 		 	ACM testing	 		 	
	 PBS Environmental
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	762.50	 	40976.014	 	5/1/2013	 		 	Phase 1 Asbestos Survey	 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 Pre-Tax Subtotal
	 				 	 	2,000.00	  	 	 	0.67	  	 	 	76250	  	 	 	025	  	 	 	762.50	  	 	 	0.25	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 WSST
	 				 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	 		 		 		 		 		 	
															
	 Subtotals
	 				 	 	2,000.00	  	 	 	0.67	  	 	 	762.50	  	 	 	0.25	  	 	 	76250	  	 	 	0.25	  	 	762.50	 		 		 		 		 		 	
															
	 Furniture,
Fixtures &
Equipment
	 	 	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	 Invoice
	 	Inv #	 	Inv Date	 	PO
No.	 	 Description
	 	Aprv	 	 Notes

	 See Fum Choices tab
	 				 	 	53,130.00	  	 	 	17.71	  	 	 	64,693.65	  	 	 	21.56	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
	 Legacy Group
	 				 				 	 	0.00	  	 				 	 	0.00	  	 	 	64,693.65	  	 	 	21.56	  	 	894.00	 	8062	 	4/10/2013	 		 	deposit for ottoman fabric	 		 	Total $1,632.95 + tax
	 Legacy Group
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	34,526.00	 	7943	 	4/17/2013	 		 	Deposit for lobby furniture	 		 	
	 Legacy Group
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	8,454.05	 	7785	 	5/16/2013	 		 	balance of Hightower order	 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 Pre-Tax Subtotal
	 				 	 	53,130.00	  	 	 	17.71	  	 	 	64,693.65	  	 	 	21.56	  	 	 	64,693.65	  	 	 	21.56	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 		 		 		 		 		 	
	 WSST
	 	 	9.50%	  	 	 	5,047.35	  	 	 	1.68	  	 	 	6,145.90	  	 	 	2.05	  	 	 	6,145.90	  	 	 	2.05	  	 		 		 		 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	 		 		 		 		 		 	
															
	 Subtotals
	 				 	 	58,177.35	  	 	 	19.39	  	 	 	70,839.55	  	 	 	23.61	  	 	 	70,839.55	  	 	 	23.61	  	 	43,874.05	 		 		 		 		 		 	

  

					
		 	

	 	Page 3 of 5

													
	 Lobby Renovation
	 	 MetPark North
	 	
Details

 

															
	 Location
	 	1st Floor	 		 		 		 		 	Parent Permit	    	6323974, 6335585, 6346901
	 Report Date
	 	6/8/2013	 		 		 		 		 	Child Permit	    	NA
	 Approx RSF
	 	3,000	 		 		 		 		 	Start Date	    	1/18/2013
	 Plan Date
	 	11/5/2012	 	Weaver Design	 		 		 		 	Subst. Compl Date	    	6/15/2013 Phase 2 (west)
		 		 		 		 		 		 	Closed Date	    	TBD

  
  

 

																																															
	 Technology
	 	 	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	 Invoice
	 	Inv #	 	 	Inv Date	 	 	PO
No.	 	 Description
	 	Aprv	 	 Notes

	 See Technology Tab
	 				 	 	6,700.00	  	 	 	2.23	  	 	 	6,700.00	  	 	 	2.23	  	 				 	 	0.00	  	 		 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 				 				 		 		 		 	
	 Pre-Tax Subtotal
	 				 	 	6,700.00	  	 	 	2.23	  	 	 	6,700.00	  	 	 	2.23	  	 	 	0.00	  	 	 	0.00	  	 		 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 				 				 		 		 		 	
	 WSST
	 	 	9.50	% 	 	 	636.50	  	 	 	0.21	  	 	 	636.50	  	 	 	0.21	  	 	 	0.00	  	 	 	0.00	  	 		 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	 				 				 		 		 		 	
															
	 Subtotals
	 				 	 	7,336.50	  	 	 	2.45	  	 	 	7,336.50	  	 	 	2.45	  	 	 	0.00	  	 	 	0.00	  	 	0.00	 				 				 		 		 		 	
															
	 Contingency
	 	 	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	 Invoice
	 	Inv #	 	 	Inv Date	 	 	PO
No.	 	 Description
	 	Aprv	 	 Notes

	 Contingency
	 				 	 	60,000.00	  	 	 	20.00	  	 	 	5,000.00	  	 	 	1.67	  	 	 	0.00	  	 	 	0.00	  	 		 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 				 				 		 		 		 	
	 Pre-Tax Subtotal
	 				 	 	60,000.00	  	 	 	20.00	  	 	 	5,000.00	  	 	 	1.67	  	 	 	0.00	  	 	 	0.00	  	 		 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 				 				 		 		 		 	
	 WSST
	 				 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 		 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	 				 				 		 		 		 	
															
	 Subtotals
	 				 	 	60,000.00	  	 	 	20.00	  	 	 	5,000.00	  	 	 	1.67	  	 	 	0.00	  	 	 	0.00	  	 	0.00	 				 				 		 		 		 	
															
	 Project Management
	 	 	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	 Invoice
	 	Inv #	 	 	Inv Date	 	 	PO
No.	 	 Description
	 	Aprv	 	 Notes

	 Bloom Projects, LLC
	 				 	 	35,349.04	  	 	 	11.78	  	 	 	38,018.14	  	 	 	12.67	  	 	 	36,766.31	  	 	 	12.26	  	 	20,517.23	 				 				 		 		 		 	
	 Bloom Projects, LLC
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	1,219.19	 	 	698	  	 	 	9/16/2012	  	 		 		 		 	
	 Bloom Projects, LLC
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	149.83	 	 	711	  	 	 	10/7/2012	  	 		 	Includes Am Repro reimbursable expenses
	 Bloom Projects, LLC
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	632.29	 	 	732	  	 	 	12/2/2012	  	 		 		 		 	
	 Bloom Projects, LLC
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	16,116.52	 	 	793	  	 	 	3/24/2013	  	 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 		 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 				 				 		 		 		 	
	 Pre-Tax Subtotal
	 				 	 	35,349.04	  	 	 	11.78	  	 	 	38,018.14	  	 	 	12.67	  	 	 	36,766.31	  	 	 	12.26	  	 		 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 		 				 				 		 		 		 	
	 WSST
	 				 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 		 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	 				 				 		 		 		 	
															
	 Subtotals
	 				 	 	35,349.04	  	 	 	11.78	  	 	 	38,018.14	  	 	 	12.67	  	 	 	36,766.31	  	 	 	1226	  	 	18,117.82	 				 				 		 		 		 	
															
	 Total Cost of the Work
	 				 	 	790,509.76	  	 	 	263.50	  	 	 	798,380.86	  	 	 	266.13	  	 	 	772,092.53	  	 	 	257.36	  	 	428,462.37	 				 				 		 		 		 	

  

					
		 	

	 	Page 4 of 5

 Met Park North Lobby 
 Furniture Choices 
 4/16/2013 

 

																	
	 Item
	 	 	  	 Manufacturer
	  	 Details
	  	Qty	  	Price	 	  	Total	 
							
	 North Lobby U Sectional Sofa - large
	 		  	Jeffrey Braun	  	Corner loveseat, Armless loveseat (2), Armless chair, Ottomans (3)	  	1	  	 	8,534.00	  	  	 	8,534.00	  
							
	 South Lobby L Sectional Sofa
	 		  	Jeffrey Braun	  	Corner loveseat, Loveseat, Ottomans (2)	  	1	  	 	5,067.00	  	  	 	5,067.00	  
	 Sofa Fabric
	 		  	Knoll	  	Venue KT Color: Riverbank K15587 58” wide	  	57	  	 	29.41	  	  	 	1,676.37	  
		 	Freight	  	Knoll	  		  	1	  	 	92.75	  	  	 	92.75	  
	 Ottoman Fabric
	 		  	Knoll	  	Rivington color: Saphire K10802	  	15	  	 	103.53	  	  	 	1,552.95	  
		 	Freight	  	Knoll	  		  	1	  	 	80.00	  	  	 	80.00	  
							
	 North Lobby Coffee Table
	 		  	Jeffrey Braun	  	Custom 60x60 Table Top - sandblasted stainless steel w/ clear powdercoat	  	1	  	 	7,333.33	  	  	 	7,333.33	  
		 	Freight	  	Jeffrey Braun	  		  	1	  	 	2,366.67	  	  	 	2,366.67	  
	 South Lobby Coffee Tables
	 		  	Hightower	  	Insula EJ 1910 Large Powder Coated Steel (Black)	  	1	  	 	1,500.00	  	  	 	1,500.00	  
	 South Lobby Coffee Tables
	 		  	Hightower	  	Insula EJ 1900 Small Powder Coated Steel (Black)	  	2	  	 	1,196.67	  	  	 	2,393.34	  
							
	 Lounge Chairs
	 		  	Hightower	  	Happy Highback Lounge Chair - Knoll Noble K1556-4 Bermuda fabric	  	2	  	 	2,262.67	  	  	 	4,525.34	  
	 Lounge Chairs
	 		  	Hightower	  	Happy Highback Lounge Chair - Knoll Hourglass K1523/20 Almond fabric	  	2	  	 	2,140.67	  	  	 	4,281.34	  
		 	Freight	  	Hightower	  		  	1	  	 	1,508.24	  	  	 	1,508.24	  
	 Connectivity Tables
	 		  	Andreu World	  	Closed Table ME-3581 27.5 x 71 Finish 370 on Ash wood	  	4	  	 	2,462.67	  	  	 	9,850.68	  
	 Connectivity Barstools
	 		  	Andreu World	  	Moody BQ 1261 barstool	  	16	  	 	643.33	  	  	 	10,293.28	  
	 Barstool fabric
	 		  	cfstinson	  	Avant vinyl - Space Blue - av105	  	6	  	 	26.41	  	  	 	158.46	  
		 	Freight	  	cfstinson	  		  	1	  	 	20.00	  	  	 	20.00	  
		 	Freight	  	Andreu World	  		  	1	  	 	1,875.90	  	  	 	1,875.90	  
		 	Delivery & Installation	  	Legacy	  		  	1	  	 	1,296.00	  	  	 	1,296.00	  
		 	Design	  	Legacy	  		  	1	  	 	288.00	  	  	 	288.00	  
		 		  		  		  		  				  	  
	  
	 
	 Total Lobby Furniture
	 		  		  		  		  				  	 	64,693.65	  
	 Tax added in budget
	 		  		  		  		  				  			

					
	 Food Court
	 	 MetPark North
	 	 Summary

 

							
	Location	 	1st Floor	 	Start Date	 	10/30/2013
	Report Date	 	6/8/2013	 	Subst. Compl Date	 	     TBD
	Approx RSF	 	1,800	 	Closed Date	 	     TBD
	Plan Date	 	9/28/2012	 		 	

  

																																	
	[ILLEGIBLE]	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	 Architect / Engineering
	  	 	5,000.00	  	  	 	2.78	  	  	 	7,000.00	  	  	 	3.89	  	  	 	7,000.00	  	  	 	3.89	  	  	 	1,673.75	  	  	 	5,326.25	  
	 Construction
	  	 	58,217.90	  	  	 	32.34	  	  	 	79,940.37	  	  	 	44.41	  	  	 	78,877.16	  	  	 	43.82	  	  	 	59,161.79	  	  	 	19,715.37	  
	 Signage
	  	 	547.50	  	  	 	0.30	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 Furniture, Fixtures & Equipment
	  	 	3,832.50	  	  	 	1.94	  	  	 	32,356.32	  	  	 	17.98	  	  	 	32,356.32	  	  	 	17.98	  	  	 	23,259.44	  	  	 	9,096.88	  
	 Contingency
	  	 	10,000.00	  	  	 	5.56	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 Project Management
	  	 	3,879.89	  	  	 	2.16	  	  	 	5,964.83	  	  	 	3.31	  	  	 	5,911.67	  	  	 	3.28	  	  	 	3,117.61	  	  	 	2,794.06	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
									
	 Total Cost of Work
	  	 	81,477.79	  	  	 	45.08	  	  	 	125,261.53	  	  	 	69.59	  	  	 	124,145.15	  	  	 	68.97	  	  	 	87,212.59	  	  	 	36,932.56	  

  

					
		 	

	 	Page 1 of 4

					
	 Food Court
	 	 MetPark North
	 	 Details

 

							
	Location	 	1st Floor	 	Parent Permit:	 	NA
	Report Date	 	6/8/2013	 	Child Permit:	 	NA
	Approx RSF	 	1.800	 	Start Date	 	10/30/2013
	Plan Date	 	9/28/2012	 	Subst. Compl Date	 	TBD
		 		 	Closed Date	 	TBD

  
  

 

																																																	
	 Architect / Engineering
	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	Invoice	 	 	Inv #	 	 	Inv Date	 	 	PO No.	 	Description	 	Aprv	 	Notes
	 Weaver Architects #1206306
	 				 	 	5,000.00	  	 	 	2.78	  	 	 	5,000.00	  	 	 	2.78	  	 	 	5,000.00	  	 	 	2.78	  	 				 				 				 		 		 		 	
	 SD/DD
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
	 Coffee Bar Study
	 				 				 	 	0.00	  	 	 	1,750.00	  	 	 	0.97	  	 	 	1,750.00	  	 	 	0.97	  	 				 				 				 		 	Proposal 1/16/13	 		 	
	 Reimbursable Expenses
	 				 				 	 	0.00	  	 	 	250.00	  	 	 	0.14	  	 	 	250.00	  	 	 	0.14	  	 				 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
	 Weaver Architects
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	 	585.00	  	 	 	1206302-01	  	 	 	7/31/2012	  	 		 		 		 	
	 Weaver Architects
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	 	1,088.75	  	 	 	1206302-02	  	 	 	8/31/2012	  	 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 		 	
	 Pre-Tax Subtotal
	 				 	 	5,000.00	  	 	 	2.78	  	 	 	7,000.00	  	 	 	3.89	  	 	 	7,000.00	  	 	 	3.89	  	 				 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 		 	
	 WSST
	 				 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 				 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 		 		 		 	
															
	 Subtotals
	 				 	 	5,000.00	  	 	 	2.78	  	 	 	7,000.00	  	 	 	3.89	  	 	 	7,000.00	  	 	 	3.89	  	 	 	1,673.75	  	 				 				 		 		 		 	
														
	 Construction
	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	Invoice	 	 	Inv #	 	 	Inv Date	 	 	PO No.	 	Description	 	Aprv	 	Notes
	 Davis Schueller
	 				 	 	53,167.03	  	 	 	29.54	  	 	 	54,000.00	  	 	 	30.00	  	 	 	53,167.03	  	 	 	29.54	  	 				 				 				 		 		 		 	
	 Change Order Log
	 				 				 	 	0.00	  	 	 	1,000.00	  	 	 	0.56	  	 	 	862.00	  	 	 	0.48	  	 				 				 				 		 		 		 	
	 Scope Additions:
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
	 Drum lights, recycling
	 				 				 	 	0.00	  	 	 	15,004.91	  	 	 	8.34	  	 	 	15,004.91	  	 	 	8.34	  	 				 				 				 		 	3/26/13 proposal	 		 	
	 Demo bar counters, repair floor
	 				 				 	 	0.00	  	 	 	3,000.00	  	 	 	1.67	  	 	 	3,000.00	  	 	 	1.67	  	 				 				 				 		 	Allowance	 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
	 Davis Schueller
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	 	59,161.79	  	 	 	22212	  	 	 	2/15/2013	  	 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 		 	
	 Pre-Tax Subtotal
	 				 	 	53,167.03	  	 	 	29.54	  	 	 	73,004.91	  	 	 	40.56	  	 	 	72,033.94	  	 	 	40.02	  	 				 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 		 	
	 WSST
	 	 	9.50	% 	 	 	5,050.87	  	 	 	2.81	  	 	 	6,935.47	  	 	 	3.85	  	 	 	6,843.22	  	 	 	3.80	  	 				 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 		 		 		 	
															
	 Subtotals
	 				 	 	58,217.90	  	 	 	32.34	  	 	 	79,940.37	  	 	 	44.41	  	 	 	78,877.16	  	 	 	43.82	  	 	 	59,161.79	  	 				 				 		 		 		 	
														
	 Signage
	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	Invoice	 	 	Inv #	 	 	Inv Date	 	 	PO No.	 	Description	 	Aprv	 	Notes
	 Signage Allowance
	 				 	 	500.00	  	 	 	0.28	  	 	 	0.00	  	 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 		 	
	 Pre-Tax Subtotal
	 				 	 	500.00	  	 	 	0.28	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 				 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 		 	
	 WSST
	 	 	9.50	% 	 	 	47.50	  	 	 	0.03	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 				 				 				 		 		 		 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 		 		 		 	
															
	 Subtotals
	 				 	 	547.50	  	 	 	0.30	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 				 				 		 		 		 	

  

  

					
		 	

	 	Page 2 of 4

					
	 Food Court
	 	 MetPark North
	 	 Details

 

							
	Location	 	1st Floor	 	Parent Permit:	 	NA
	Report Date	 	6/8/2013	 	Child Permit	 	NA
	Approx RSF	 	1,800	 	Start Date	 	10/30/2013
	Plan Date	 	9/28/2012	 	Subst. Compl Date	 	TBD
		 		 	Closed Date	 	TBD

  
  

 

																																																			
	 Furniture, Fixtures & Equipment
	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	Invoice	 	 	Inv #	 	 	Inv Date	 	 	PO No.	 	 Description
	 	Aprv	 	 	Notes
	 Seating Allowance
	 				 	 	3,500.00	  	 	 	1.94	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 				 	
	 Kasala Chairs
	 				 				 	 	0.00	  	 	 	1,603.80	  	 	 	0.89	  	 	 	1,603.80	  	 	 	0.89	  	 				 				 				 		 	 6 leather chairs
	 	 	NG	  	 	
	 CB2 Furniture
	 				 				 	 	0.00	  	 	 	1,385.00	  	 	 	0.77	  	 	 	1,385.00	  	 	 	0.77	  	 				 				 				 		 	 3 chairs, 2 coffee tbls
	 	 	NG	  	 	
	 CB2
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	 	1,516.58	  	 				 				 		 	 Paid by M. Grainger
	 				 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 				 	
	 See Food Ct Furn tab
	 				 				 	 	0.00	  	 	 	26,560.35	  	 	 	14.76	  	 	 	26,560.35	  	 	 	14.76	  	 				 				 				 		 		 				 	
	 Legacy Group
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	 	14,542.00	  	 	 	8064	  	 	 	4/17/2013	  	 		 	 Deposit for Food Court furniture
	 				 	
	 Legacy Group
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	 	7,200.86	  	 	 	7810	  	 	 	5/23/2013	  	 		 	 [Balance of Emeco order (chairs)
	 				 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 				 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 				 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 				 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 				 	
	 Pre-Tax Subtotal
	 				 	 	3,500.00	  	 	 	1.94	  	 	 	29,549.15	  	 	 	16.42	  	 	 	29,549.15	  	 	 	16.42	  	 				 				 				 		 		 				 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 				 	
	 WSST
	 	 	9.50	% 	 	 	332.50	  	 	 	0.00	  	 	 	2,807.17	  	 	 	1.56	  	 	 	2,807.17	  	 	 	1.56	  	 				 				 				 		 		 				 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 		 		 				 	
															
	 Subtotals
	 				 	 	3,832.50	  	 	 	1.94	  	 	 	32,356.32	  	 	 	17.98	  	 	 	32,356.32	  	 	 	17.98	  	 	 	23,259.44	  	 				 				 		 		 				 	
														
	 Contingency
	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	Invoice	 	 	Inv #	 	 	Inv Date	 	 	PO No.	 	 Description
	 	Aprv	 	 	Notes
	 Contingency
	 				 	 	10,000.00	  	 	 	5.56	  	 	 	0.00	  	 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 				 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 				 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 				 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 				 	
	 Pre-Tax Subtotal
	 				 	 	10,000.00	  	 	 	5.56	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 				 				 				 		 		 				 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 				 	
	 WSST
	 				 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 				 				 				 		 		 				 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 		 		 				 	
															
	 Subtotals
	 				 	 	10,000.00	  	 	 	5.56	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 	 	0.00	  	 				 				 		 		 				 	
														
	 Project Management
	 	 	Budget	 	 	$/SF	 	 	Forecast	 	 	$/SF	 	 	Contract	 	 	$/SF	 	 	Invoice	 	 	Inv #	 	 	Inv Date	 	 	PO No.	 	 Description
	 	Aprv	 	 	Notes
	 Bloom Projects, LLC
	 				 	 	3,879.89	  	 	 	2.16	  	 	 	5,964.83	  	 	 	3.31	  	 	 	5,911.67	  	 	 	328	  	 	 	4,204.75	  	 				 				 		 		 				 	
	 Bloom Projects, LLC
	 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 	 	3,117.61	  	 	 	785	  	 	 	3/10/2013	  	 		 		 				 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 				 	
		 				 				 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 				 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 				 	
	 Pre-Tax Subtotal
	 				 	 	3,879.89	  	 	 	2.16	  	 	 	5,964.83	  	 	 	3.31	  	 	 	5,911.67	  	 	 	328	  	 				 				 				 		 		 				 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 				 		 		 				 	
	 WSST
	 				 	 	0.00	  	 	 	0.00	  	 				 	 	0.00	  	 				 	 	0.00	  	 				 				 				 		 		 				 	
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 				 				 		 		 				 	
															
	 Subtotals
	 				 	 	3,879.89	  	 	 	2.16	  	 	 	5,964.83	  	 	 	3.31	  	 	 	5,911.67	  	 	 	328	  	 	 	3,117.61	  	 				 				 		 		 				 	
															
	 Total Cost of the Work
	 				 	 	81,477.79	  	 	 	45.08	  	 	 	125,261.53	  	 	 	69.59	  	 	 	124,145.15	  	 	 	68.97	  	 	 	87,212.59	  	 				 				 		 		 				 	

  

					
		 	

	 	Page 3 of 4

 Met Park North Food Court 
 Furniture Options 
 4/3/2013 

 

															
	 Item
	 	 Manufacturer
	 	 Details
	 	Qty	 	Price	 	 	Total	 
	 Café Chairs
	 	Emeco	 	 Navy 1111N - Red
	 	26	 	 	180.00	  	 	 	4,680.00	  
	 Café Tables
	 	Mayline	 	 Bistro Base & Custom Top - 30×30
	 	5	 	 	325.00	  	 	 	1,625.00	  
	 Mobile Banquet Seating
	 	Kimball	 	 Villa Lounge 2 seat w/o arm K602
	 	3	 	 	1,235.00	  	 	 	3,705.00	  
	 Banquet Tables
	 	Mayline	 	 Bistro Base & Custom Top - 30×60
	 	3	 	 	500.00	  	 	 	1,500.00	  
	 Bar Tables
	 	Andreu World	 	 Closed Table ME-3581 27.5 × 71 Finish 370 on Ash wood
	 	2	 	 	2,462.67	  	 	 	4,925.34	  
	 Freight
	 	Andreu World	 		 	1	 	 	487.94	  	 	 	487.94	  
	 Bar Stools
	 	Emeco	 	 Navy Bar 1006-30 - Brushed Aluminum
	 	12	 	 	486.00	  	 	 	5,832.00	  
	 Freight
	 	Emeco	 		 	1	 	 	1,591.07	  	 	 	1,591.07	  
	 Delivery & Installation
	 	Legacy	 		 	1	 	 	2,142.00	  	 	 	2,142.00	  
	 Design
	 	Legacy	 		 	1	 	 	72.00	  	 	 	72.00	  
		 		 		 		 				 	  
	  
	 
	 Total Food Court Furniture
	 		 				 	 	26,560.35	  
	 Tax added in budget
	 		 				 			
		 		 		 		 				 	  
	  
	 

 Schedule 8.7 
 Buyer Audit Information 
  

			
	Property:	  	
	EY Audit Requests	  	
	Audit Period:	  	12/31/2012
	Initial Request Date:	  	

  

					
	 Title
	  	 Ref
	  	 Description of Request

	GENERAL	  		  	
		  	A1	  	General Ledger detail report showing all journal entry activity for the year (Excel format if available)
			
		  	A2	  	Comparative trial balance comparing 12/31/2012 to 12/31/2011 (Excel format if available)
			
		  	A2.1	  	Comparative trial balance comparing 3/31/2012 to 3/31/2013 (Excel format if available)
			
		  	A3	  	Detail of checks / wire transfers from 1/1/2013 through the end of fieldwork. (Excel format if available)
			
		  	A4	  	Organization/Structure chart for legal entities
			
		  	A5	  	LLC/Partnership agreements for all legal entities listed in the organization/structure chart in item A4 above
			
		  	A6	  	Provide a listing of any related parties.
			
		  	A7	  	Is management aware of any material litigation, claims or assessments at December 31, 2012, or which arose subsequently related to pre-December 31,
2012?
			
		  	A8	  	Provide process narratives regarding the following:
			
		  	A9	  	 Cash receipts/revenues/AR

			
		  	A10	  	 Cash disbursements/expenses/AP

			
	REVENUES	  		  	
	 Rental Revenues
	  		  	
		  	B1	  	Listing of Lease Agreements and Amendments for the property
			
		  	B2	  	Signed and final copies of Lease Agreements or Amendments
			
		  	B3	  	Straight-line (SL) rent calculation schedules for all leases
			
		  	B4	  	Listing of 5-year minimum rental payments for disclosure purposes
			
	 Tenant Reimbursements
	  		  	
		  	C1	  	CAM reconciliations for current fiscal year

  
 Schedule 8.7

					
			
	EXPENSES	  		  	
	 R&M
	  	D1	  	Provide detail by GL account. Selections to be made by EY.
			
		  	D2	  	Provide invoices, service contracts, and evidence of payment (check copy or other) for significant repairs and maintenance expenses
			
	 Utilities
	  	E1	  	Provide detail by GL account. Selections to be made by EY.
			
		  	E2	  	Provide invoices, service contract, and evidence of payment (check copy or other) for significant utilities expenses
			
	 Insurance
	  	F1	  	Provide invoices, service contract, and evidence of payment (check copy or other) for 2012 insurance premiums
			
	 Real Estate Tax
	  	G1	  	Provide invoices, service contract, and evidence of payment (check copy or other) for 2012 real estate taxes
			
	 G&A
	  	H1	  	Provide detail by GL account. Selections to be made by EY.
			
		  	H2	  	Provide invoices, service contract, and evidence of payment (check copy or other) for significant G&A expenses
			
	 Professional Fees
	  	I1	  	Provide detail by GL account. Selections to be made by EY.
			
		  	I2	  	Provide invoices, property management contract, and evidence of payment (check copy or other) for property management fees
			
	 Cutoff testing
	  	J1	  	Selections below
	 Selection #
	  	Check #	  	Vendor

  
 Schedule 8.7

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