Document:

Exhibit 10.23

ASSIGNMENT
OF PURCHASE AND SALE AGREEMENT

THIS ASSIGNMENT OF
PURCHASE AND SALE AGREEMENT (this “Assignment”)
dated as of May 10,  2007 (the “Assignment Date”), by and between WESTCORE
PROPERTIES AC, LLC, a Delaware limited liability company (“Assignor”), and WESTCORE-TRT FORTUNE
CONCOURSE LLC, a Delaware limited liability company (“Assignee”).

RECITALS

A.        Assignor
and Concourse Fortune Associates, LLC, a Delaware limited liability company (“Seller”), entered into that certain Real
Estate Sale Agreement, dated as of March 22, 2007, as amended (collectively,
the “Purchase Agreement”), wherein
Seller agreed to sell and Assignor agreed to purchase improved real property
located on Concourse Drive and Fortune Drive, San Jose, California, and certain
other interests (as more particularly described in the Purchase Agreement as
the “Property”).

B.        Assignor
desires to assign all of its rights, title and interests in and to the Property
under the Purchase Agreement to Assignee, effective as of the Assignment Date.

C.        Assignee
desires to accept such assignment and assume all of Assignor’s rights, duties,
obligations and liabilities under the Purchase Agreement with respect to the
Property (collectively, the “Obligations”).

NOW, THEREFORE, in consideration of the
mutual promises herein contained and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:

1.         Definitions. Unless otherwise
defined in this Assignment, all capitalized terms used herein shall have the
meanings ascribed to them in the Purchase Agreement.

2.         Assignment. Assignor hereby
transfers, assigns and sets over to Assignee, its successors and assigns, all
of Assignor’s rights, title and interests in, to and under the Purchase
Agreement with respect to the Property.

3.         Assumption. Assignee hereby
agrees and confirms that effective as of the Assignment Date, (i) Assignee has
assumed all of the Obligations, and is presently bound by all conditions and
agreements applicable to Assignor, under and with respect to the Purchase
Agreement, and (ii) Assignee hereby expressly ratifies and reaffirms all of the
covenants, representations and indemnities of Assignor set forth in the
Purchase Agreement.

4.         No Release of Assignor. No
assignment of the Purchase Agreement shall relieve Assignor of any liability or
its obligations under or in connection with the Purchase Agreement.

5.         Delivery to Seller. Assignor
shall promptly deliver to Seller a copy of this Assignment, fully executed by
Assignor and Assignee, after the mutual execution hereof by the parties.

6.         Severability. If for any reason,
any provision of this Assignment shall be held to be unenforceable, it shall
not affect the validity or enforceability of any other provision of this
Assignment and to the extent any provision of this Assignment is not determined
to be unenforceable, such provision, or portion thereof, shall be, and remain,
in full force and effect.

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7.         Authority to Contract. The
signatories hereto represent that they have full and complete authority to bind
their respective parties to this Assignment and that no other consent is
necessary or required in order for the signatories to execute this Assignment
on behalf of their respective parties.

8.         Dispute Costs. In the event any
dispute between the parties with respect to this Assignment results in
litigation or other proceeding, the prevailing party shall be reimbursed by the
party not prevailing in such proceeding for all reasonable costs and expenses,
including, without limitation, reasonable attorneys’ and experts’ fees and
costs incurred by the prevailing party in connection with such litigation or
other proceeding and any appeal thereof. Such costs, expenses and fees shall be
included in and made a part of the judgment recovered by the prevailing party,
if any.

9.         Counterparts;
Signatures. This Assignment may be executed in counterparts. All executed
counterparts shall constitute one agreement, and each counterpart shall be
deemed an original. The parties hereby acknowledge and agree that the delivery
of an executed copy of this Assignment by facsimile signatures or an executed
copy of this Assignment transmitted by electronic mail in so-called “pdf”
format shall be legal and binding and shall have the same full force and effect
as if an original of this Assignment had been delivered. Assignor and Assignee
(i) intend to be bound by the signatures on any document sent by facsimile or
electronic mail, (ii) are aware that the other party will rely on such signatures,
and (iii) hereby waive any defenses to the enforcement of the terms of this
Assignment based on the foregoing forms of signature

10.       Governing Law. This Assignment
shall be governed by, and construed in accordance with, the laws of the State
of California.

11.       Entire Agreement/Modifications.
This Assignment, including exhibits, if any, expresses the entire agreement of
the parties and supersedes any and all previous agreements between the parties
with regard to the subject matter hereof. There are no other understandings,
oral or written, which in any way alter or enlarge its terms, and there are no
warranties or representations of any nature whatsoever, either expressed or
implied, except as may expressly be set forth herein. Any and all future
modifications of this Assignment will be effective only if it is in writing and
signed by the parties hereto. The terms and conditions of such future
modifications of this Assignment shall supersede and replace any inconsistent
provisions in this Assignment.

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IN
WITNESS WHEREOF, Assignor and Assignee have duly executed
this Assignment as of the date and year first above written.

	
  ASSIGNOR:

  
	
   

  
	
  WESTCORE PROPERTIES AC, LLC,

  a Delaware limited liability company

  
	
   

  
	
   

  
	
  By:

  	
  /s/ Manish Malhotra

  	
   

  
	
  Name:

  	
  Manish Malhotra

  	
   

  
	
  Title:

  	
  Chief Financial Officer

  	
   

  

 

	
  ASSIGNEE:

  
	
   

  
	
  WESTCORE-TRT FORTUNE CONCOURSE LLC,

  a Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
  By:

  	
  Westcore-TRT Fortune Concourse Partnership,

  a Delaware general partnership,

  its Sole Member and Manager

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  WP Fortune Concourse, LLC, 

  a Delaware limited liability company, 

  its Managing Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  MRB Manager, LLC, 

  a Delaware limited liability company, 

  its Manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Manish Malhotra

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Manish Malhotra

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Vice President

  
							

 

 3Exhibit 10.24

MANAGEMENT AGREEMENT

WESTCORE-TRT FORTUNE
CONCOURSE LLC

THIS MANAGEMENT AGREEMENT (this “Agreement”)
is made as of May 17, 2007, by and between WESTCORE-TRT FORTUNE CONCOURSE
LLC, a Delaware limited liability company (“Owner”) and WELLCORP PROPERTIES,
LLC, a Delaware limited liability company (“Manager”).

RECITALS

A.                      Owner is the owner of that certain property
known as 1710, 2010, 2030 and 2040 Fortune Drive, and 1953, 1955, 1957, 1959,
1961, 1963 and 1965 Concourse Drive, City of San Jose, County of Santa Clara,
State of California, and more particularly described on Schedule 1 attached
hereto, together with certain office buildings (the “Buildings”) and
other improvements (collectively, 
the  “Improvements”),   erected 
thereon  (such   fee  
simple  interest   and 
the Improvements are hereinafter collectively referred to as the “Property”).

B.                        Owner desires to engage and appoint Manager as
its exclusive managing agent for the Property, and Manager desires to accept
such appointment, all upon and subject to the terms and conditions hereinafter
set forth.

NOW, THEREFORE, in consideration of the above
recitals and for other good and valuable consideration, the adequacy and
receipt of which are hereby acknowledged, Owner and Manager hereby agree as
follows:

1.                          Appointment.

Owner hereby appoints and employs Manager as the
exclusive managing agent for the Property upon, and subject to, the terms and
conditions of this Agreement, and Manager hereby accepts such appointment.
Manager shall manage, maintain and operate the Property in a manner consistent
with that conducted of office building properties comparable in size, type and
location to the Property and shall use reasonable diligence in all its
endeavors.

2.                          Term.

This Agreement shall commence on the date hereof and,
subject to Paragraph 9 below, shall remain in full force and effect for
a term of five (5) years through May 31, 2012 (the “Term”); provided
that if neither party terminates this Agreement by delivering written notice to
the other party at least thirty (30) days prior to the then-existing
termination date, this Agreement shall automatically renew on a year-to-year
basis for successive twelve (12) month periods.

3.                          Manager’s
Duties and Powers.

(a)                     General Scope. Except as otherwise set forth herein,
Manager shall manage, coordinate and supervise the conduct of the business and
affairs pertaining to the operation, maintenance and management of the Property
(collectively the “Management Activities”). The Management Activities
shall be conducted (hereinafter referred to as “Management Standards”)
(i) in a manner consistent with the existing character, condition and level of
operation and maintenance of the Property, and (ii) with reasonable diligence
under the circumstances then prevailing that a prudent person acting in like
capacity and familiar with such matters would use in the conduct of an
enterprise of like character and with like aims. Additionally, to the extent
reasonably practicable, Manager shall conduct the Management Activities in a
manner consistent with the requirements of any Leases (as hereinafter defined),
mortgages, deeds of trust, certificates of occupancy, permits, licenses,
consents or other recorded and unrecorded agreements (collectively, “Key
Documents”) now or hereafter affecting the Property to the extent that true
and correct copies of such Key Documents have been delivered to Manager. To the
extent Manager is uncertain of its obligations under any Lease or Key Document,
Manager shall have the right (if Manager has requested Owner to explain Manager’s
obligations and Owner has either failed to do so or Manager, in good faith,
disagrees with Owner’s interpretation) to engage legal counsel at Owner’s
expense (within the limitations of the Approved Annual Budget (as defined in Paragraph
5)) and to rely upon the advice of such counsel. Manager shall have no
authority to and may not execute any mortgages or deeds of trust on Owner’s
behalf. Unless otherwise instructed by Owner in writing, Manager shall have the
right to execute Leases on Owner’s behalf, provided that such Leases are
consistent with general leasing parameters approved by Owner and provided that
Manager shall not without Owner’s consent execute any Major Tenant Lease under
(and as defined in) that certain Agreement of General Partnership of
Westcore-TRT Fortune Concourse General Partnership, a Delaware general
partnership (“Westcore-TRT Partnership”), dated the date hereof (the “Westcore-TRT
Fortune Concourse Partnership Agreement”), by and between Westcore-TRT
Fortune Concourse Owner LLC, a Delaware limited liability company, and WP
Fortune Concourse, LLC, a Delaware limited liability company (“WP Fortune
Concourse”). Manager shall have such responsibilities, and shall perform
and take, or cause to be performed or taken, such services and actions
customarily performed or taken by managing agents of comparable office building
complexes and as shall be necessary or advisable for the proper conduct of the
Management Activities in accordance with the Management Standards, including,
without limitation, the duties set forth in Paragraphs 3(b) through (o)
below, subject, however, to the limitations set forth in this Agreement. Unless
otherwise specifically provided in this Agreement, all services and actions
that Manager is required or permitted to perform or take, or cause to be
performed or taken, under this Agreement in connection with the Management
Activities shall be performed or taken, as the case may be, on behalf of Owner
and at Owner’s sole expense, and within the limitations of the Approved Annual
Budget.

(b)                    Rent Bills and Collections.

(i)                         Unless otherwise instructed by Owner, Manager
shall prepare and deliver to all persons, firms and entities occupying or using
space in the Building(s) (individually, a “Tenant” and collectively “Tenants”)
monthly bills setting forth all rent, escalation payments, common

area maintenance payments and other amounts payable by such Tenants
(collectively, “Rent”) under the terms of their respective leases or
license, occupancy or similar agreements (individually, a “Lease” and
collectively, “Leases”). Such bills shall be accompanied by such other
information and materials as Owner is required to furnish such Tenants under
their respective Leases. Manager shall use reasonable efforts to collect all
Rent, but shall not seek to dispossess any Tenant or initiate legal action
without Owner’s prior written consent. Unless otherwise instructed by Owner,
all Rent, security deposits or other sums collected by Manager from Tenants
shall be deposited in an insured account in the name of Owner. Notwithstanding
anything to the contrary provided herein, Owner retains the right to require
Manager to utilize a lockbox arrangement or such other arrangement mutually
satisfactory to Owner and Manager.

(ii)                      Manager
shall take all such actions as Manager shall deem necessary or advisable to
enforce all rights and remedies of Owner under the Leases or to protect the
interests of Owner, including, without limitation, the preparation and delivery
to Tenants of all “late payment,” default and other appropriate notices,
requests, bills, demands and statements. Owner reserves the right, however, to
direct Manager not to take any such actions or deliver any such letters.
Manager shall have the right in its good faith discretion to retain counsel,
collection agencies and such other persons and firms as Manager shall deem
appropriate or advisable to enforce, by legal action, the rights and remedies
of Owner against any Tenant in default in the performance of its obligations
under a Lease, provided that, Manager shall not, without the prior consent of
Owner, authorize the filing of any lawsuit against any Tenant or any other
person in connection with any Lease or other matter relating to the Property.
Manager shall keep Owner informed on a regular basis of the progress of all
legal actions.

(c)                     Employees.
To the extent necessary for the conduct of the Management Activities, Manager
shall hire qualified personnel who, in each instance, shall be employees of
Manager (and not of Owner). Manager shall direct and supervise all personnel
hired by Manager in the performance of their duties. If Owner is dissatisfied
with the performance of any of Manager’s employees, Owner shall specify to
Manager the cause of such dissatisfaction and Owner and Manager shall
thereafter cooperate to amicably resolve to the mutual satisfaction of the
parties hereto any concerns reasonably raised by Owner, provided that Owner
shall not have the right to require Manager to terminate any particular
employee. Manager shall use commercially reasonable care in the selection and
supervision of all employees and, having used such care, Manager shall have no
responsibility or liability to Owner or any other person for any act or
omission, tortious or otherwise, of any employee.

(d)                    Professionals
and Contractors. To the extent Manager reasonably deems necessary in
connection with the Management Activities, and unless otherwise instructed by
Owner, Manager may (i) execute on Owner’s behalf written contracts with
architects, engineers, accountants, attorneys, tradesmen and other independent
contractors (collectively, the “Third Parties”) to perform services;
(ii) supervise the administration and monitor the performance of all work to be
performed and services to be rendered under all such contracts with Third
Parties; and (iii) if Manager may lawfully do so, discharge and terminate the
services of any one or more of such Third Parties; provided, however,
that (x) any such contract having a term in excess of one year must be
terminable by Owner on no more than 30 days’ notice without cause; (y) the
nature and cost of the services to be contracted for are included in the then
current Approved

Annual Budget; and (z) any such contract with an
Affiliate (as defined in the Westcore-TRT Fortune Concourse Partnership
Agreement) of Manager shall be subject to Owner’s prior written approval. To
the extent that Manager is required by the next following paragraph of this
Paragraph 3(d) to submit any service contracts for repetitive services (e.g.,
janitorial, landscaping, window washing) to competitive bidding, Manager shall
so submit such contracts for competitive bidding no less frequently than once
every three years. Manager shall use due care in the selection and supervision
of all such Third Parties and, having used such care, shall have no
responsibility or liability to Owner or any other person for any act or
omission, tortious or otherwise, of any such Third Party.

Manager
shall submit any item of work or purchase (except in an emergency) to
competitive bidding (i) upon the request of Owner, or (ii) if such item of work
or purchase is reasonably anticipated to cost in excess of $20,000.00 whether
or not such item is included in the Approved Annual Budget. Where competitive
bidding is required pursuant to this Agreement, the following provisions shall
be applicable:

(i)                         A minimum
of two (2) written bids shall be obtained if the contract provides for payments
in excess of $20,000 and less than $30,000. Notwithstanding the foregoing, (x)
contracts providing for payment in excess of $20,000 where one of the bidding
parties has obtained two or more contracts from Manager providing for payments
in excess of $20,000 within the previous 12 months and (y) contracts providing for
payments in excess of $30,000 will, in either such case, require a minimum of
three (3) bids.

(ii)                      Each bid
shall be solicited by Manager in a form intended to elicit uniformity in bid
quotes.

(iii)                   Unless Owner
requires otherwise, Manager may accept any qualified bid without prior approval
from Owner if the expenditure is contemplated by the Approved Annual Budget and
will not result in exceeding the anticipated expenditure in the Approved Annual
Budget for that work or purchase; provided, however, if Manager
accepts other than the lowest qualified bid, Manager shall adequately support,
in writing, its selection.

(iv)                  Manager shall
maintain adequate records of its compliance with the foregoing competitive
bidding procedure.

(v)                     The foregoing
bidding requirements shall not apply to the employment or retention of
consultants and professionals (nor shall Owner’s consent be required for such
employment or retention) to the extent such expenditures are in accordance with
the Approved Annual Budget.

(e)                     Maintenance.

(i)                         Manager
shall cause the Property to be maintained in a manner consistent with the
Management Standards.

(ii)                      To the
extent of the capacity of all equipment and systems located in or servicing the
Property, and to the extent that funds are provided by Owner, Manager shall
cause

all such equipment and systems to be operated
effectively and maintained in good repair and in a manner consistent with the
Management Standards, and Manager shall cause to be provided or made available
to Tenants those services which Owner is required to provide or make available
under the Leases.

(iii)                   Unless
otherwise instructed by Owner, Manager may execute on Owner’s behalf such
service and maintenance contracts as shall be necessary or appropriate for the
operation and maintenance of the Property in a manner consistent with the
Management Standards and the requirements of Paragraph 3(d) above,
including the equipment and systems located in or servicing the Improvements
(including, without limitation, contracts for utilities, telephone service,
window cleaning, landscape maintenance, rubbish removal, fuel, security, food
vending and vermin extermination). Manager shall purchase, pursuant to an
Approved Annual Budget or as otherwise approved by Owner, all supplies, materials,
tools and equipment as are necessary or appropriate for the operation and
maintenance of the Property in accordance with the Management Standards. All
such supplies, materials, tools and equipment shall belong to and shall be the
property of Owner and may be used only for the benefit of the Property.

(f)                         Repairs.
Manager shall cause all repairs to be made to the Improvements and all
equipment and systems located in or servicing the Property and, pursuant to the
terms of the Leases or as otherwise approved by Owner, shall cause such
interior alterations and decorations to be made to the Improvements as are
reasonably necessary or advisable for the operation and maintenance of the
Improvements in accordance with the Management Standards. Notwithstanding the
cost limitations set forth in Paragraph 4(a) of this Agreement, Manager
may cause to be made all repairs which Manager believes in good faith are
immediately necessary for the preservation or protection of the Improvements or
the safety of Tenants and other persons in or on the Improvements, or are
otherwise reasonably required to avoid the suspension of any necessary services
in the Building(s) without Owner’s prior approval and without being limited by
the Approved Annual Budget (but Manager shall use commercially reasonable steps
to effect such repairs in a cost effective manner given the circumstances); provided,
however, that in each such instance Manager shall, before causing any
such emergency repair to be made, use reasonable efforts under the circumstances
to notify Owner of the emergency situation and obtain its approval of such
repair. If Manager cannot notify Owner of the emergency situation before
commencing the emergency repair, it shall notify Owner of the emergency
situation and the repair made to correct it as soon as reasonably possible
thereafter.

(g)                      Supervision
of Tenants.

(i)                         Manager
shall plan and coordinate the moving in and moving out of Tenants in the
Building(s) and, unless instructed by Owner to the contrary, shall manage and supervise
all construction, alteration and decoration work Owner is required under Leases
or chooses to perform for Tenants.

(ii)                      Manager
shall receive and use reasonable efforts to attend to and resolve all
complaints of Tenants and shall attempt to resolve any complaints, disputes or
disagreements by or among Tenants, but shall not expend more than $20,000 in
each instance, or $30,000 in the

aggregate in any calendar year, to settle any dispute
with a Tenant without the prior consent of Owner.

(iii)                   Manager shall
monitor the operation of all Tenants to determine their compliance with the
terms and provisions of their respective Leases, including, without limitation,
the “Rules and Regulations” of the Building(s). Manager shall notify the
respective Tenants of any violations of such Leases and use reasonable efforts
to cause such Tenants to correct such violations promptly. Manager shall notify
Owner of any ongoing material violations by Tenants of their Leases.

(h)                    Insurance.

(i)                         Owner
shall obtain and maintain all such insurance coverage as Owner is required to
carry under Paragraph 7 of this Agreement, as well as such other
insurance as is provided for by the Approved Annual Budget or is required under
any Key Document or is otherwise requested by Owner. If requested by Owner,
Manager shall monitor the insurance coverage of Owner. Manager shall prepare
and file all reports, claims, notices and other documents required in
connection with all policies of insurance carried by Owner and any claims
thereunder. Manager shall advise Owner of any material casualty to the
Improvements or of any material claims asserted by third parties of which
Manager has actual knowledge for personal injury or property damage. Any
casualty to the Improvements resulting in damages exceeding $50,000 or any
claim by a third party for more than $200,000 shall be deemed material for
purposes of this Paragraph 3(h)(i). Manager shall take such steps as
Owner shall reasonably require to adjust and settle any casualty insurance
claims, provided that Manager shall not agree to any settlement over $200,000
without the prior written consent of Owner.

(ii)                      Manager
shall monitor the insurance coverage of all Tenants and Third Parties specified
under the terms of the Leases or contracts with such Tenants or Third Parties,
as the case may be, and verify that such insurance coverages comply with the
applicable Lease or contract. Manager shall review such contracts to determine
whether such contracts require such types and amounts of insurance as are customarily
required of such Third Parties.

(iii)                   Notwithstanding
anything to the contrary in this Agreement, Owner acknowledges and agrees that
Owner will obtain all required insurance, and Manager shall not be liable to
Owner for failure to obtain insurance. Without limiting the generality of the
foregoing, Manager will not be liable to Owner for failure to obtain or
maintain insurance if (i) such failure is a result of Owner’s failure or
refusal to approve insurance reasonably proposed by Manager or (ii) such
failure is a result of the failure of Owner to provide sufficient funds to pay
for such insurance (it being agreed that Manager shall not have an obligation
to provide its own funds in respect thereof). In addition, Manager shall in no
event be liable to Owner for (A) the failure of an insurance provider to make
payments in respect of a policy of insurance or (B) for any uninsured matter
(except to the extent that such uninsured matter is in violation of the
foregoing insurance obligations of Manager). In addition, Manager shall in no
event be liable to Owner if insurance coverage is not reasonably obtainable or
obtainable at a reasonable cost.

(i)                        Advertising
– Public Relations. Manager, at the expense of and with the prior approval
of Owner (or as otherwise specifically provided for in the Approved Annual
Budget), shall place such advertisements and shall generally supervise and
attend to all promotional matters pertaining to the operation of the Property
as Manager shall deem advisable. Unless otherwise directed by Owner, Manager
shall represent Owner in connection with all matters of general public interest
that pertain to the Property and shall attempt to amicably resolve any
complaints, disputes or disagreements in connection therewith as promptly as is
reasonably possible.

(j)                        Compliance
with Laws. Manager shall use reasonable efforts to cause the Tenants and
Third Parties to take or shall otherwise take such actions with respect to the
Property as shall be reasonably necessary to comply with all the Key Documents,
the legal requirements applicable to the Property and the requirements of any
insurance company insuring the Property that have been disclosed to Manager or
of which Manager otherwise has knowledge. Manager shall use reasonable efforts,
on behalf of Owner (and at Owner’s sole cost and expense), to comply with all
the Key Documents and legal requirements applicable to Owner with respect to
the Property. If Manager is uncertain regarding the applicability of any legal
or other requirements affecting the Property, Manager shall have the right (if
Manager has requested Owner to explain Manager’s obligations and Owner has
either failed to do so or Manager, in good faith, disagrees with Owner’s
interpretation) to engage legal counsel at Owner’s expense (within the Approved
Annual Budget) and to rely upon the advice of such counsel. Notwithstanding
anything to the contrary set forth in this Paragraph 3 (j), Manager
shall have no liability to Owner or any other person with respect to any legal
requirements applicable to or otherwise binding upon any Tenant. If Manager
receives any notice of a violation of any Key Document or legal requirement,
Manager shall promptly notify Owner and furnish copies of such notice. Unless
the cost of compliance exceeds the amounts allocated therefor in the Approved
Annual Budget, Manager shall remedy the noncompliance and use commercially
reasonable efforts to avoid any penalty to which Owner may be subject by reason
of the noncompliance. Manager shall provide Owner with evidence that the
non-compliance has been remedied.

Notwithstanding
the cost limitations set forth in Paragraph 4(a) of this Agreement,
Manager may, without Owner’s prior written approval, take or cause to be taken
any such actions without limitation as to cost if failure to do so would or
might, in Manager’s good faith judgment, expose Owner or Manager to criminal
liability; provided, however, that in each such instance Manager
shall, before taking or causing to be taken any such action, use reasonable efforts
under the circumstances to notify Owner of the need for such action and to
obtain Owner’s approval. If Manager is unable to notify Owner and obtain its
prior approval for any action it takes pursuant to the preceding sentence, it
shall notify Owner of such action as soon as possible thereafter. Manager and
Owner shall each promptly notify the other of any violation, order, rule or
determination affecting the Property of any governmental authority or Board of
Fire Underwriters or similar agency.

(k)                     Taxes.
Owner or Manager, whichever receives tax bills, shall timely provide to the
other such bills for real estate, personal property, and all other taxes and
assessments, if any, against the Property, and Manager will assist and
cooperate with Owner, at Owner’s sole cost and expense, in connection with all
such taxes and any other Impositions (as defined below) in

all ways reasonably requested by Owner, including
applications or petitions of Owner for reduction of taxes or assessments. As
used herein, “Impositions” shall mean all taxes, assessments, special
assessments, rents and charges for any easement or agreement maintained as part
of or for the benefit of the Property, use and occupancy taxes and charges,
water and sewer charges, rates and rents, charges and fees for vaults, charges
for public and private utilities, excises, levies, license and permit fees and
other governmental charges, general and special, ordinary and extraordinary
unforeseen and foreseen, of any kind and nature whatsoever which at any time
prior to or during the term of this Agreement may be assessed, levied,
confirmed, imposed upon or grow or become due and payable out of or in respect
of, or become a lien on, (A) the Property or any part thereof or any
appurtenances thereto, or the sidewalks, streets or vaults adjacent thereto or
upon any personal property located on, or used in connection with, the
Property, (B) the rent, income or other payments received by or for the account
of Owner or anyone claiming by, through or under Owner, (C) any use or
occupation of the Property, (D) such franchises, licenses and permits as may be
appurtenant to the use of the Property and (E) any document to which Owner is a
party transferring an interest or estate in the Property.

(l)                        Waivers
of Liens. With respect to work undertaken by or at the direction of
Manager, and provided that funds are made available for such purpose by Owner,
Manager shall use all reasonable efforts to obtain all waivers of liens
necessary to keep the Property free and clear of all mechanics’ and materialmen’s
liens in connection with any work to be performed on the Property, and Manager
shall not make any payment for material lienable work without first using all
commercially reasonable efforts to obtain an appropriate lien waiver from the
general contractor (it being acknowledged and agreed that Manager shall have no
obligation hereunder to obtain lien waivers from any subcontractors). If
Manager becomes aware of the filing of any mechanic’s or materialmen’s lien
against the Property, it shall promptly advise Owner in writing and shall, at
Owner’s request, take such steps as Owner may direct in order to cause such
lien to be bonded over or otherwise discharged of record. Manager shall monitor
any construction activities by Tenants and use commercially reasonable efforts
to ensure compliance by Tenants with any Lease provisions relating to liens. In
no event shall Manager have liability to Owner for payment in respect of any
such lien, nor shall Manager be in default hereunder be virtue thereof, unless
Manager has failed to comply with this Paragraph 3(l).

(m)                  Leasing.

(i)                         Owner
shall retain brokers upon terms and conditions generally prevailing in the
market in which the Property is located. Manager will provide to Owner quarterly
leasing activity reports for any and all space being marketed. Manager agrees
to use its reasonable and good faith efforts to have the Property fully rented
to Tenants acceptable to Owner and at rates and on other terms acceptable to
Owner, and, in connection therewith, Manager shall oversee brokers and assist
to seek to secure and negotiate Leases and renewals of leases at appropriate
times, in accordance with the leasing guidelines as determined by Owner from
time to time. Manager shall keep Owner informed on a regular basis as to the
progress of all significant negotiations. Owner shall provide Manager with a
standard form lease, consistent with other forms of office building leases, to
be used in all Lease negotiations. Except as otherwise provided in this
Agreement or as the Manager is otherwise instructed by Owner, Owner shall
execute all Leases and Lease amendments.

(ii)                      Owner shall
deliver to Manager copies of all Leases and any modifications or renewals
thereof.

(n)                    Payments of
Expenses; Rebates.

(i)                         If
requested by Owner, Manager shall forward all billing statements and invoices
for property management and operation to Owner after Manager approves the same.
Owner reserves the right to pay any third parties directly based on invoices
received by Manager or Owner. Unless otherwise specified herein, all of Manager’s
compensation under this Agreement shall be paid on a monthly basis as described
herein.

(ii)                      Manager
shall use reasonable efforts to obtain for Owner all discounts, rebates and
other favorable terms that may be available to Manager in connection with any
costs or expenses Manager shall incur under this Agreement. All such discounts,
rebates and other favorable financial arrangements shall accrue solely to the
benefit of Owner and may not be retained by Manager.

(o)                    Assistance
with Proposed Sale. At Owner’s request, Manager agrees to cooperate with
and assist Owner in any attempt (s)
by Owner (i) to sell or otherwise transfer any or all of its interest in the
Property, or (ii) to obtain financing in connection with its Ownership of the
Property. Such cooperation shall include, without limitation, as reasonably
requested by Owner: answering prospective purchasers’ and lenders’ questions
about the Tenants, the Leases or any other matter involving the Property;
preparing rent roll and financial reports; preparing a list of all personal
property used at the Property or in its operation; preparing schedules of
contracts and other schedules; and obtaining estoppel certificates and
subordination agreements from Tenants with respect to any such transfer or
financing. Such cooperation shall not, however, require Manager to make
representations or warranties or enter into agreements with any party other
than Owner.

4.                          Limitations
on Manager’s Powers and Authority.

(a)                     Limitation
on Expenditures. Except to the extent provided for in any Approved Annual
Budget or as otherwise specifically provided in this Agreement with respect to
emergency situations or otherwise, Manager shall not, without the prior written
approval of Owner, incur any single expense (or group of related expenses) for
a repair, alteration, service, supply or other matter whatsoever which would
involve a cost in excess of $50,000.

(b)                    Prohibited
Action. Unless Owner otherwise directs in writing or any governmental
authority directs Manager, Manager shall not, and shall have no authority to,
take any action in contravention of this Agreement.

5.                          Budgets.

Except
with respect to emergency expenditures (as and to the extent herein provided)
or as otherwise expressly provided herein, Manager shall not incur any costs or
expenses (excluding

costs and expenses for which Owner will be reimbursed
by Tenants) in connection with the operation and maintenance of the Property
during any calendar year (an “Operating Year”), except within the
limitations established by the Approved Annual Budget for such Operating Year.
The first Operating Year shall be the period from the date hereof through
December 31, 2007. For the purposes hereof, the term “Approved Annual Budget”
shall mean the “Approved Annual Budget” as defined in the Westcore-TRT Fortune
Concourse Partnership Agreement.

6.                          Books,
Accounts, Records, Reports and Remittances.

(a)                     Books and
Records. Manager shall establish and maintain customary records and
documentation pertaining to the operation and maintenance of the Property. If
directed by Owner, all accounting and reporting functions shall be handled, and
all corresponding records maintained, in Owner’s office. All books, records,
files and documentation relating to the Property shall be and remain the
property of Owner, and shall be delivered to Owner within a reasonable period
of time after request or termination of this Agreement, whichever shall first
occur.

(b)                    Bank
Accounts. Manager shall establish in the name of Owner, and in accordance
with the requirements of which Owner notifies Manager in writing of any lenders
holding a security interest in all or a portion of the Property, one or more
bank accounts into which shall be deposited all rent and other sums received by
Manager or its agents from or in connection with the Property and from which
the expenses of the Property, including Manager’s fees hereunder, shall be
paid.

(c)                     Security
Deposits. Unless otherwise instructed by Owner, Manager shall deposit all
security deposits in an account in the name of Owner. To the extent not
delivered to Owner’s lender in accordance with Owner’s loan documents, Manager
shall forward to Owner any letters of credit which are received as security for
Leases.

(d)                    Reports.
For each Operating Year, Manager shall send the reports described below to
Owner within the time periods set forth below. If Manager fails to timely
provide any of the reports below, Owner shall be entitled to injunctive relief
as its sole remedy (it being acknowledged and agreed by the parties that Owner
shall not be entitled to monetary damages for failure to timely provide any
reports, nor shall same constitute a default for purposes of Paragraph 9(a)
hereof:

(i)                         Annual
Financial Statements. As soon as available and in any event within ninety
(90) days after the close of each Operating Year, a consolidated balance sheet
of Owner as of the end of such Operating Year together with related
consolidated statements of income and partners capital, cash flows and changes
in financial position for such Operating Year, all in reasonable detail and
stating in comparative form the respective figures for the corresponding date
and period in the prior Operating Year and all prepared in accordance with generally
accepted accounting principles applied on a consistent basis. Notwithstanding
the foregoing, the parties acknowledge and agree that the financial statements
will not include straight line rent and bad debt reserves.

(ii)                      Monthly
Reports. Manager will close the books of Owner on the twenty-fifth (25th) of each month (provided that
within fifteen days after the end of each calendar quarter Manager shall, to
the extent not previously provided, provide information for the full
quarter-ending month, including any stub period) and, by the tenth (l0th) day of the following month,
will send to Owner monthly reports (which shall include information that is
available under Manager’s standard financial reporting package as more
specifically described in Exhibit B). All such monthly financial
statements shall be subject to year-end adjustments.

(iii)                   SEC
Reporting. Manager shall provide, or cause to be provided, to Owner copies
of and shall grant Owner access to, such factual information (the “Disclosure
Information”) as may be reasonably requested by Owner and is in Manager’s
possession to enable Dividend Capital Total Realty Trust (“Dividend Capital”)
to make the necessary filings as and when such filings with the Securities and
Exchange Commission are required and to otherwise permit Dividend Capital to
comply with laws applicable to public companies, generally. Manager shall allow
or cause its Affiliates to allow Owner’s and Dividend Capital’s auditors to
conduct such audits of Owner and the Properties and shall cooperate (at no cost
to Manager or its Affiliates) with Owner’s and Dividend Capital’s auditors in
the conduct of such audits. Neither Manager nor its Affiliates shall have any
obligation to assume any liability as a result of such cooperation, and Owner
acknowledges and agrees that all Disclosure Information delivered by Manager or
its Affiliates to Owner, Dividend Capital or their respective auditors is
delivered as a convenience only and without representation and warranty with
respect thereto, and that any reliance on or use of such Disclosure Information
shall be at the sole risk of Owner, Dividend Capital or such auditors, as the
case may be. Without limiting the generality of the foregoing, Owner
acknowledges and agrees that none of Manager, any of its Affiliates or the
person or entity which prepared such Disclosure Information delivered to Owner,
Dividend Capital or their respective auditors shall have any liability to
Owner, Dividend Capital or any other person for any inaccuracy in or omission from
any Disclosure Information. Manager shall be reimbursed, at cost, by Owner for
any other time spent on preparing and delivering such Disclosure Information to
the extent the same is not a part of Manager’s standard financial reporting
package as more specifically described in Exhibit B and has been
requested by Owner, Dividend Capital or their respective auditors.

(e)                     The
appropriate personnel of Manager shall, at no cost to Dividend Capital or
Owner, make themselves reasonably available to Dividend Capital’s or Owner’s
respective accounting personnel and their respective auditors to allow them to
conduct such financial reviews as are appropriate for public companies.

(f)                       Accounting.
Owner agrees that all accounting and reporting functions of Manager shall be
performed pursuant to Manager’s standard reporting and accounting procedures
(as described on Exhibit B attached hereto) and on Manager’s accounting
software existing as of the date hereof (which is currently Yardi), as the same
may be modified by Manager at Manager’s discretion. In the event that pursuant
to the provisions of this Agreement or otherwise Owner or Dividend Capital
requires any accounting or reporting to be performed by Manager beyond that
which is included in Manager’s standard accounting and reporting procedures as
described above (including, without limitation, any upgrades and/or conversion
to Manager’s systems necessary to translate such accounting and reporting
information or functions to Dividend Capital’s platform), then, as provided for
in the Westcore-TRT Fortune Concourse Partnership Agreement,

the cost thereof shall be borne by Dividend Capital
and shall not be an expense of Owner or Manager.

7.                          Insurance.

(a)                     Owner shall
maintain a policy of public liability insurance for property damage and
personal injury (including death) in an amount of not less than the greatest of
(i) $2,000,000 combined single limit, (ii) such amount as is required by any
lender holding a security interest in any portion of the Property, and (iii)
such amount as is customary in the market in which the Property is located.
Owner, Owner’s designees and Manager, as well as any person or entity
reasonably designated by Manager (including, without limitation, any subagents
retained by Manager with respect to the management and/or leasing of the
Property) shall be named as insured parties under such policy. Owner shall also
maintain customary types and levels of casualty insurance covering the
Property.

(b)                    Manager shall
maintain or cause to be maintained, at its sole cost and expense, (i) all
legally required insurance coverage relating to its employees, including, but
not limited to, Workers Compensation, Employers Liability and Non-Occupational
Disability Insurance, (ii) “All Risk” property insurance on Manager’s personal
property including but not limited to fixtures, furnishings, equipment,
furniture, inventory and stock; (iii) commercial general liability with a per
occurrence limit of not less than $1,000,000 and $2,000,000 general aggregate;
(iv) business auto liability with a per accident limit of not less than
$1,000,000 covering all owned, non-owned and hired vehicles used in connection
with the Property; (v) professional liability insurance with a per occurrence
limit of not less than $1,000,000; and (vi) Crime/Employee Dishonesty Insurance
covering all employees and officers of Manager who may handle, have access to,
or be responsible for, Owner’s monies with a limit of no less than $500,000.

8.                          Compensation
– Property Management Fee and Construction Management Fee.

(a)                     Amount and
Payment. As its compensation for the performance of its obligations under
this Agreement, Owner shall pay Manager the fees described in this Paragraph
8.

(b)                    Gross
Income. For the purposes of this Paragraph 8, the “gross income
actually collected from the operation of the Property” for any month shall
include all sums which Owner actually receives under Leases or otherwise from
the operation of the Property for such month as (i) fixed rent (as the same may
be increased under any Lease by any consumer price index or other escalation
mechanism), (ii) late rental payment penalties under Leases, (iii) lease
cancellation payments made by Tenants, (iv) parking revenues, and (v) any other
fees, charges or other payments for the use or occupancy of Owner’s property or
for any services, equipment or furnishings provided in connection with and
ancillary to such use or occupancy, including tax and expense escalation and
pass-through payments required under Leases. The term “gross rentals actually
collected from the operation of the Property” shall exclude (x) the amount of
any construction costs reimbursed by Tenants (but construction costs that are
amortized and paid over time or are included as increased or additional rent or
other fees paid by Tenants shall not be so excluded) and (y) any security
deposits, except to the extent such security deposits are applied to the
payment of rent.

(c)                     Property
Management Fee. Owner shall pay Manager a market-level property management
fee not to exceed five percent (5%) of the gross income actually collected from
the operation of the Property. Such fee shall be payable on a monthly basis, in
arrears, no later than the tenth (10th)
day of each month based on the prior month’s gross income actually collected
from the operation of the Property.

(d)                    Construction
Management Fee. Manager shall receive a fee for arranging for the bidding,
contracting, inspecting, reporting and coordinating of any remodeling and
construction requested by Owner which occurs on or about the Property,
including, without limitation, tenant common areas. Said fee for the above
services shall be calculated in the manner set forth on Exhibit A
attached hereto. In the event that any of such work is requested by Owner,
Manager shall be responsible for selecting the general contractor and
monitoring the contracting and completion of the improvements within the
guidelines specified in the general contractor’s and subcontractors’ bid
proposals and shall use reasonable efforts to ensure that said contractors
exercise due diligence within the time frame so specified, provided that
Manager shall not be financially liable for, or otherwise be in default
hereunder as a result of, any delays which cause any completion dates to be
missed.

(e)                     Reimbursement
of Expenses. Without limiting the compensation payable under this Paragraph
8, Manager shall be reimbursed for all out-of-pocket costs incurred by
Manager in connection with its performance of its obligations hereunder,
including, without limitation, the salaries and benefits payable to on-site
employees or with respect to any other employees of Manager or any Affiliate
thereof performing services with respect to the Property (provided that, with
respect to any employees who also perform services for properties other than
the Property, equitable allocations shall be made to the Property), monthly
lease payments for on-site management office, the cost of all supplies,
materials, tools and equipment, the cost of data processing and accounting, and
all reimbursable expenses payable under any sub-management or leasing
agreements (but not sub-management fees or similar fees thereunder), all
subject to the limitations of the Approved Annual Budget or as otherwise
approved in writing by Owner. Without limitation of the foregoing, Manager
shall be reimbursed for any costs or expenses that pertain to duties performed
by Manager that are beyond the scope of duties typically and customarily
performed by property managers managing real property similar to the Property
in the locality in which the Property is situated to the extent such costs and
expenses are pre-approved in writing by Owner (whether or not such costs and
expenses are included in the Approved Annual Budget). Notwithstanding any other
provision herein or in any Approved Annual Budget, the following costs shall
not be reimbursable by Owner to Manager:

(i)                         costs
relating to bookkeeping services required to be performed by Manager hereunder
that are a part of Manager’s standard financial reporting package as more
specifically described in Exhibit B, unless such costs are approved by
Owner in writing to Manager (provided that in the event of any conflict between
the provisions of Paragraph 6 hereof and this clause (i), then the
provisions of Paragraph 6 shall control);

(ii)                      salaries and
payroll expenses of Manager’s executives.

(iii)                   salaries and
payroll expenses of Manager’s non-executive personnel, except maintenance
personnel billed on an hourly or other periodic basis and subject to the
limitations in the Approved Annual Budget, except to the extent such expenses
are paid or reimbursed by Tenants;

(iv)                  except as
otherwise provided in this Paragraph 8, Manager’s off-site overhead and
general administrative expenses, except that long distance telephone, fax,
overnight delivery, courier, registered mail, copying, entertainment (such
entertainment expenses being subject to Owner’s prior approval), uniforms,
two-way radios, document storage and retrieval for financial records pertaining
to the Property and/or Owner, and computer and technology expenses (including,
without limitation, software licensing) where such charges are directly related
to the operation of the Property, shall be reimbursable by Owner;

(v)                     premiums for
insurance required to be maintained by Manager or any of its subcontractors
hereunder; and

(vi)                  except as
otherwise provided in this Paragraph 8, costs of Manager’s principal and
branch offices, except any on-site office maintained on the Property by
Manager.

9.                          Termination.

(a)                     Termination
for Cause or Default.

(i)                         If either
Owner or Manager shall default in the performance of any of its material
obligations or breach their respective representations and warranties under
this Agreement, the other party (“‘Non-Defaulting Party”) shall provide
the defaulting party (“Recipient”) with written notice thereof setting
forth the nature of the default, and the Recipient shall have (i) ten (10) days
to cure a monetary default or (ii) thirty (30) days to cure a non-monetary
default; provided, however, that if the nature of the alleged
non-monetary default is such that it cannot reasonably be cured within thirty
(30) days, the Recipient may cure such default by commencing in good faith to
cure such default promptly after its receipt of such written notice and
thereafter prosecuting the cure of such default to completion with diligence
and continuity. If the recipient does not cure the default within the grace
period specified in the preceding sentence, the Non-Defaulting Party may elect
to terminate this Agreement upon five (5) days written notice and, upon the
expiration of such five-day period, this Agreement shall terminate, and,
regardless of whether the Non-Defaulting Party elected to terminate the
Agreement, the Non-Defaulting Party shall have the right to pursue all other
legal remedies to which the Non-Defaulting Party may be entitled.

(ii)                      In the event
of “cause”, Owner may elect to terminate this Agreement upon five (5) days
written notice and, upon the expiration of such five-day period, this Agreement
shall terminate. As used herein, “cause” shall mean that (x) Marc Brutten, Owen
Frost and/or Don Ankeny is found, by final determination of a court of
competent jurisdiction, to have committed fraud against Owner or
misappropriation of Owner’s funds, (y) Manager makes a voluntary filing for
protection under the bankruptcy laws, or (z) either (1) Manager is not
controlled by one or more of Marc Brutten, Owen Frost and/or Don Ankeny (or, if
all of the foregoing individuals

are disabled or deceased, other individuals currently
or at any future time associated with Manager and reasonably acceptable to
Owner), or (2) at least fifty percent (50%) of Manager is not owned, directly
or indirectly, by one or more of such individuals, Manager’s employees (or employees
of Affiliates of Manager), their immediate family members and/or trust and
estate planning vehicles established for the benefit of the family members of
any of such individuals.

(iii)                   Notwithstanding
anything to the contrary contained herein, Owner shall have the right to
terminate this Agreement upon the giving of thirty (30) days prior written
notice to Manager if WP Fortune Concourse is removed as managing partner of
Owner for “Cause”, as such term is defined, and in accordance with the
procedures set forth, in the Westcore-TRT Fortune Concourse Partnership
Agreement.

(b)                    Termination
At-Will.

(i)                         Notwithstanding
anything to the contrary contained herein, Manager shall have the right to
terminate this Agreement, upon the giving of sixty (60) days prior written
notice to Owner, without cause and for any or no reason whatsoever, and without
the payment of any cancellation penalty (it being agreed that, in the event of
any such termination, Manager shall nevertheless be entitled to be paid all
amounts due and owing hereunder through and including the effective date of
termination).

(ii)                      Notwithstanding
anything to the contrary contained herein, Owner shall have the right to
terminate this Agreement without cause and for any or no reason whatsoever,
upon the giving of thirty (30) days prior written notice to Manager. If Owner
terminates this Agreement pursuant to this Paragraph 9(b)(ii) during the
initial Term of this Agreement (e.g. prior to any automatic renewals), Owner
shall, within fifteen (15) days of the giving of such notice, pay to Manager as
a termination fee, an amount equal to one year’s fees which would have
otherwise been payable pursuant to Paragraph 8(c) (such fee to be based
on the gross income actually collected from the operation of the Property for
the twelve (12) month period ending with the last full month prior to the
effective date of such termination) (it being agreed that, (i) Owner
acknowledges that, as a result of the payment of such termination fee and the
payment of the property management fee payable pursuant to Paragraph 8(c),
Manager shall have received an amount equal to a total of up to 10% of the
gross income actually collected from the operation of the Property for the
twelve (12) month period ending with the last full month prior to the effective
date of such termination, and (ii) in the event of any such termination,
Manager shall nevertheless be entitled to be paid all amounts due and owing
hereunder through and including the effective date of termination).

(c)                     Partial Termination
Upon Transfer of Portion of Property. This Agreement shall automatically
terminate with respect to any portion of the Property that is sold,
transferred, conveyed or otherwise disposed of by Owner effective as of the
date of such transfer, including, without limitation, pursuant to the
foreclosure of any mortgage or deed of trust encumbering all or any portion of
the Property without payment of the fee pursuant to Paragraph 9(b)(ii),
but shall remain in full force and effect with respect to all portions of the
Property not so sold, transferred, conveyed or otherwise disposed of. If all of
the Property is sold, transferred,

conveyed or otherwise disposed of by Owner, then this
Agreement shall automatically terminate as of the date of such transfer.

(d)                    Return of
Owner’s  Property. Promptly  following 
the  expiration  or sooner termination of this Agreement,
Manager shall pay over to Owner any balance of funds held by Manager on Owner’s
account pursuant to this Agreement. As soon as practicable after the expiration
or termination of this Agreement, Manager shall transfer to Owner or its
designee all books, records, Leases, agreements, correspondence, keys, plans
and all other documents or items relating to the Building(s) or the Property
which are in the possession of Manager. The provisions of this Paragraph
9(d) shall survive any expiration or termination of this Agreement.

(e)                     Effect of
Termination. Upon any termination of this Agreement, (A) Manager shall be
entitled to be paid all amounts due and owing hereunder through and including
the effective date of such termination, (B) Owner’s appointment of Manager
hereunder shall cease and terminate and Manager shall no longer have any
authority to represent Owner or take or cause to be taken any actions on Owner’s
behalf, (C) all of Manager’s obligations hereunder shall cease, except for such
obligations as are expressly stated herein to survive such termination, and (D)
Manager shall no longer have any liability to Owner under this Agreement,
except for such liabilities as are expressly stated herein to survive such
termination.

10.                    Indemnification.

(a)                     Liability.
Manager shall not be liable, responsible or accountable in damages or otherwise
to Owner for any act or omission performed or omitted by it in good faith on
behalf of Owner and in accordance with the Management Standards in a manner
believed by it in its good faith discretion to be within the scope of authority
granted to it by this Agreement.

(b)                    Owner’s
Indemnification. In any threatened, pending or completed action, suit, or
proceeding to which Manager or any of its managers, members, shareholders,
directors, officers, principals, partners, employees or agents, including
without limitation, any subagents retained with respect to the management
and/or leasing of the Property (collectively, “Manager’s Indemnitees”)
was or is a party, or is threatened to be made a party, by reason of holding
the position of Manager (or the position of Manager’s manager, member,
shareholder, director, officer, principal, partner, employee or agent,
including without limitation, any subagent retained by with respect to the
management and/or leasing of the Property), involving an alleged cause of
action for damages arising from activities performed within the scope of
Manager’s authority under this Agreement, Owner shall indemnify, defend and
hold harmless Manager and Manager’s Indemnitees from and against any and all
claims, liabilities, damages, losses, actions, costs and expenses, including
attorneys’ fees, judgments, and amounts paid in settlement, except to the
extent resulting from the gross negligence, or intentional misconduct of
Manager or Manager’s Indemnitees (it being acknowledged and agreed that Owner
shall have no liability hereunder for or in respect of any consequential,
special or punitive damages).

(c)                     Manager’s
Indemnity of Owner. Manager shall indemnify and defend Owner and its
Affiliates, together with the past, present and future trustees, partners,
directors, officers, shareholders, agents and employees of each of them (“Owner’s
Indemnitees”), against and hold

Owner and such other Owner’s Indemnitees harmless from
any and all losses, costs, claims, damages, liabilities and expenses,
including, without limitation, reasonable attorneys’ fees, arising out of any
action taken by Manager that is outside the scope of this Agreement (unless
otherwise authorized by Owner), any gross negligence or willful misconduct of
Manager or any of its officers, partners, directors, agents or employees, in
connection with this Agreement or Manager’s services or work hereunder (it
being acknowledged and agreed that Manager shall have no liability hereunder
for or in respect of any consequential, special or punitive damages).

(d)                    Effect of
Insurance on Indemnitees. Notwithstanding anything to the contrary
contained herein, Manager and Owner agree that each will not make any claim
against or seek to recover from the other (or from either of their respective
managers, members, shareholders, directors, officers, principals, partners,
employees or agents) for any loss or damage to its property or the property of
others to the extent such loss or damage is covered by insurance; provided,
however, that this sentence shall be void and of no force and effect if
it would invalidate any insurance policy affecting the Property or covering
Manager or Owner.

(e)                     Survival.
The provisions of this Paragraph 10 shall survive the expiration or any
earlier termination of this Agreement.

11.                    Timely
Performance; Approval by Owner.

Owner
and Manager shall each perform all of their respective obligations under this
Agreement in a proper, prompt and timely manner. Each shall furnish the other
with such information and assistance as the other may from time to time
reasonably request in order to perform its respective responsibilities
hereunder. Owner and Manager each shall take all such actions as the other may
from time to time reasonably request and otherwise cooperate with the other so
as to avoid or minimize any delay or impairment of each party’s performance of
its obligations under this Agreement.

12.                    Assignment.

Manager
may not assign this Agreement in whole or in part without the prior written
consent of Owner, other than to an entity controlled, directly or indirectly,
by Marc Brutten, Don Ankeny and/or Owen Frost. Notwithstanding the foregoing,
Owner agrees that Manager may, at its sole cost and expense, delegate any or
all of its duties with respect to the Management Activities to a third party,
including, without limitation, an Affiliate of Manager or a third party manager
or a sub-manager; provided, however, that: (i) Manager shall exercise
commercially reasonable efforts to supervise such third party in the
performance of the applicable duties; (ii) the cost of employing such third
party shall be borne entirely by Manager and no part of the compensation of
such third party shall be paid by Owner (it being agreed that no such
delegation shall reduce any fees or other sums due to Manager hereunder); and
(iii) such third party shall be  considered
to be Manager’s agent for all purposes hereunder and at law.

13.                    Notices.

(a)                     General.
Except as set forth in Paragraph 13(b) below, any and all notices or
other communications given under this Agreement shall be in writing and shall
be deemed to have been properly given when delivered, if personally delivered,
or upon the business day following delivery by Federal Express or other similar
overnight courier, or upon confirmation of facsimile delivery (provided that a
copy of such facsimile shall also be sent by U.S. Mail) and addressed to the
parties at the following addresses:

If to Manager:

Wellcorp Properties, LLC 

4445 Eastgate Mall, Suite 210

San Diego, California 92121

Facsimile: (858) 678-0600 

Attention: Mr. Manish Malhotra

with a copy at the same time to:

Pircher, Nichols & Meeks

1925 Century Park East, Suite 1700

Los Angeles, California 90067

Facsimile: (310) 201-8922

Attention: Real Estate Notices (MES/EBS/4422.61)

If to Owner:

c/o Westcore Properties, LLC 

4445 Eastgate Mall, Suite 210

San Diego, California 92121 

Facsimile: (858) 678-0600 

Attention: Mr. Manish Malhotra

with a copy at the same time to:

Pircher, Nichols & Meeks

1925 Century Park East, Suite 1700

Los Angeles, California 90067

Facsimile: (310) 201-8900

Attention: Real Estate Notices (MES/EBS/4422.61)

with a copy at the same time to:

Dividend Capital Total Advisors 

518 17th Street, Suite 1700 

Denver, Colorado 80202 

Facsimile: (303) 869-4602 

Attention: Gregory M. Moran

with a copy at the same time to:

Seyfarth Shaw LLP 

131 South Dearborn Street, 24th Floor 

Chicago, Illinois 60603 

Facsimile: (312) 460-7600 

Attention: Joel D. Rubin, Esq.

Any notice delivered by
either party in any manner other than those described above shall be deemed
properly given when received. Either party may change its address for the
giving of notices under this Agreement by delivering to the other party ten
(10) days’ written notice of such change of address. Any notice, delivery of
which is refused, or which cannot be delivered because of a changed address of
which no notice was given, shall be deemed to have been received as of the date
of such refusal or inability to deliver.

(b)                    Emergency
and Facsimile Notices. Either party may give the other notice of emergency
situations orally (personally, by telephone or otherwise) or by telecopy,
telex, telegram or other method.

14.                    Estoppel
Certificate.

Within
ten (10) business days after request, each party shall provide the other party
with a certificate stating whether there have been any amendments to this
Agreement, whether this Agreement is in full force and effect, and whether
there exists any uncured defaults by Owner or Manager under this Agreement, and
such other matters as such party may reasonably request.

15.                    Miscellaneous.

This
Agreement shall be construed and enforced in accordance with, and governed by,
the laws of the State of California. This Agreement embodies the entire
agreement and understanding between the parties and supersedes all prior
agreements and understandings relating to the subject matter hereof. This
Agreement may not be modified, amended or terminated, nor may any term or
provision hereof be waived or discharged, except in writing signed by the party
against whom such amendment, modification, termination, waiver or discharge is sought
to be enforced. All of the terms of this Agreement, whether so expressed or
not, shall be binding upon the respective successors and permitted assigns of
the parties hereto and shall inure to the benefit of and be enforceable by the
parties hereto and their respective successors and permitted assigns. If any of
the provisions of this Agreement shall to any extent be invalid or
unenforceable, the remaining provisions of this Agreement shall not be affected
thereby and every provision of this Agreement shall be valid and enforceable to
the fullest extent permitted by law. The headings of this Agreement are for
purpose of reference only and shall

not limit or otherwise affect the meaning hereof. This
Agreement may be executed in several counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument. Any reference in this Agreement to any one gender, masculine,
feminine or neuter, includes the other two, and the singular includes the plural,
and vice versa, unless the context otherwise requires. Time is of the essence
of this Agreement.

16.                    Subordination;
Limitation on Obligation of Manager.

This
Agreement shall be subject to the terms of any subordination or similar
agreement entered into by and between Manager, Owner (if applicable) and any
lender holding security investment in all or any portion of the Property
(including, without limitation, any agreement executed by Owner in favor of
Countrywide Commercial Real Estate Finance, Inc. Notwithstanding anything to
the contrary contained in this Agreement, if Owner is required to provide funds
for, or pay for the cost of, any matter or thing of any kind or nature in
connection with the performance of any covenant, agreement or other obligation
of Manager hereunder, or if funds are not otherwise available from the
operation of the Property to provide for the foregoing, and Owner fails to pay
such cost or otherwise make such funds available to Manager, then Manager shall
not be obligated to perform any such covenant, agreement or other obligation
unless and until Owner pays such cost or makes such funds available to Manager
hereunder. In addition, if Owner fails to provide funds to operate the Property
in accordance with the Management Standards, such failure shall constitute a
default of Owner hereunder and the provisions of Paragraph 9(a) shall
apply.

[Signatures on
following page]

IN WITNESS WHEREOF, Owner
and Manager have executed this Management Agreement as of the day and year
first above written.

	
  

  	
   

  	
  OWNER

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WESTCORE-TRT FORTUNE CONCOURSE 

  LLC, a Delaware limited liability company

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Westcore-TRT Fortune Concourse General

  Partnership, a Delaware general partnership, 

  its sole member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  WP Fortune Concourse, LLC, a 

  Delaware limited liability company, 

  its managing partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  MRB Manager, LLC, a Delaware limited liability
  company, its manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Manish Malhotra

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Manish Malhotra

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MANAGER

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WELLCORP PROPERTIES, LLC, a Delaware

  limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Manish Malhotra

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Manish Malhotra

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Vice President

  
											

 

EXHIBIT A 

Construction Management
Fee Schedule

I.                            Capital
Improvements. In accordance with the terms of Approved Annual Budgets and
upon written request and/or approval of Owner, Manager shall, from time to time
during the term hereof, at Owner’s expense, cause to be made all required
capital improvements, replacements, or repairs to the Property. All major
repairs and capital replacements shall managed on behalf of Manager by a person
who specializes in construction projects for the Manager. The Manager shall be
paid a construction management fee as set forth below:

	
  Cost
  of Construction(1)

  	
   

  	
  Construction Management Fee

  
	
   

  	
   

  	
   

  
	
  $50,000 or less

  	
   

  	
  5% of the amount

  
	
   

  	
   

  	
   

  
	
  $50,001 - $200,000

  	
   

  	
  4% of the amount between $50,001 and $200,000, plus
  that calculated above for lower amounts

  
	
   

  	
   

  	
   

  
	
  $200,001 - $350,000

  	
   

  	
  3% of the amount between $200,001 and $350,000, plus
  that calculated above for lower amounts

  
	
   

  	
   

  	
   

  
	
  Over $350,000

  	
   

  	
  2.5% of the amount above $350,000, plus that
  calculated above for lower amounts

  

The
construction management fee shall be paid upon the completion of the
construction and written acceptance of the work by the Owner or, if earlier,
the termination of such construction. The construction management fee shall be
based on the actual cost of the project, including any change orders approved
by Owner.

II.                        In connection with all improvements,
replacements, or repairs to the Property (the “Work”), the Manager shall
do the following, each at the Owner’s cost and expense:

A.                      prepare a detailed list of the Work to be
performed and review the preparation of all plans for the construction of all
improvements and repairs to the Property. Except for any Work which is
anticipated to cost less than $20,000, the plans for the Work to be performed shall
be submitted to the Owner for its approval;

B.                        except for any Work which is anticipated to
cost less than $20,000, supervise the preparation of all bid documents which
shall be distributed to at least two (2) contractors on Manager’s list of
approved contractors;

(1) The cost of
construction shall include all hard costs, soft costs, administrative costs and
any other cost relating to the applicable construction project.

 A-1
 

C.                        except for any Work which is anticipated to
cost less than $20,000, receive all submitted bids and evaluate such bids. In
evaluating the submitted bids, Manager shall evaluate the price listed in the
bid, the timeliness of the work to be performed as stated in the bid, the
reputation of the contractor submitting the bid, and any other relevant factors
that Manager determines should be taken into account when evaluating the
submitted bids. Once Manager evaluates all the submitted bids, Manager shall
recommend to Owner the bid, if any, it believes is the best and shall explain
to Owner why the recommended bid is the best. Once Owner determines which bid
to accept, Manager shall contact the contractor with the approved bid to award
the contract;

D.                       review, inspect, and oversee the construction
of all improvements, replacements, or repairs to the Property to determine that
all said improvements, replacements, and repairs generally comply with the
construction contract requirements and all applicable laws, including but not
limited to local building codes and ordinances, it being acknowledged and
agreed that (i) Owner shall bear the cost of any testing, inspections, or
certifications required in connection with the foregoing and (ii) Manager shall
have no liability if any improvement, replacement or repair fails to comply
with any legal or contractual requirements, so long as Manager uses
commercially reasonable efforts to oversee the contractor performing the Work);

E.                         determine when all improvements, replacements,
or repairs to the Property are completed;

F.                         except for any Work which is anticipated to
cost less than $20,000 or for Work for which a single payment will satisfy the
obligation, prepare a draw package for the disbursement of funds to the
Contractor. The draw package or single payment invoices shall be submitted to
Owner for its approval;

G.                        ensure that all guaranties and warranties for
the materials, labor, and for work in connection with or relating to the Work
shall be in the name of the Owner or shall be assigned to Owner upon the
completion of the Work; and

H.                       after receiving written lien waivers from all
general contractors in connection with the Work, and/or taking any and all
steps necessary to release or otherwise prevent perfection or enforcement of
any liens filed or recorded against the Property in connection with the construction
of any and all material improvements or replacements or repairs to the
Property, all as reasonably determined by Manager, and/or after receiving
written approval from Owner, disburse all funds to the proper and correct
parties.

To the extent that material
Work is ongoing, Manager shall provide written reports to Owner, no less
frequently than once a month, summarizing the repairs, improvements, and
replacements being constructed on the Property, as well as such other reports
with respect to construction, repair and capital improvement projects as Owner
may reasonably request. These reports shall, among other things, summarize any
material problems or issues that may arise in connection with said
construction.

 A-2

EXHIBIT B

Manager Standard
Accounting

	
  1.

  	
  Asset management report;

  
	
   

  	
   

  
	
  2.

  	
  Balance sheet;

  
	
   

  	
   

  
	
  3.

  	
  Income statement;

  
	
   

  	
   

  
	
  4.

  	
  Budget comparison report;

  
	
   

  	
   

  
	
  5.

  	
  Cash flow projection;

  
	
   

  	
   

  
	
  6.

  	
  Equity schedules;

  
	
   

  	
   

  
	
  7.

  	
  Rent roll;

  
	
   

  	
   

  
	
  8.

  	
  Aged receivables report;

  
	
   

  	
   

  
	
  9.

  	
  Payable aging detail;

  
	
   

  	
   

  
	
  10.

  	
  Expense distribution;

  
	
   

  	
   

  
	
  11.

  	
  Check detail;

  
	
   

  	
   

  
	
  12.

  	
  Trial balance;

  
	
   

  	
   

  
	
  13.

  	
  General ledger; and

  
	
   

  	
   

  
	
  14.

  	
  Bank statements/reconciliations.

  

 

 B-1

SCHEDULE 1

PROPERTY DESCRIPTION

LEGAL DESCRIPTION

EXHIBIT “A”

EXHIBIT A

Real Property

Real property in the City of San Jose, County of Santa Clara, State of
California, described as follows:

TRACT ONE:

PARCELS 1, 2 AND 3, AS SHOWN ON THAT PARCEL MAP FILED FOR RECORD IN THE
OFFICE OF THE RECORDER OF THE COUNTY OF SANTA CLARA, STATE OF CALIFORNIA ON
SEPTEMBER 3, 1982, IN BOOK 504 OF MAPS, PAGE(S) 18 AND 19.

TRACT TWO:

PARCEL ONE:

PARCEL B, AS SHOWN ON THAT CERTAIN PARCEL MAP FILED FOR RECORD DECEMBER
30, 1980 IN THE OFFICE OF THE RECORDER, COUNTY OF SANTA CLARA, STATE OF
CALIFORNIA IN BOOK 477 OF MAPS, AT PAGE 54.

PARCEL TWO:

THAT PORTION OF THE FOLLOWING DESCRIBED PARCEL LYING SOUTHERLY OF THE
NORTHERLY LINE OF FORTUNE DRIVE AS SAID DRIVE IS SHOWN ON RECORD OF SURVEY
LANDS PROPOSED FOR STREET PURPOSES, WHICH RECORD OF SURVEY WAS FILED FOR RECORD
IN APRIL 1, 1975 IN BOOK 353 OF MAPS, AT PAGE 43, SANTA CLARA COUNTY RECORDS;

A RIGHT OF WAY 40 FEET WIDE DESCRIBED IN THE DEED FROM A.K. WHITTON, ET
UX, TO MANUEL VIERRA, DATED MARCH 26, 1907 RECORDED MARCH 26, 1907 IN BOOK 314
OF DEEDS, PAGE 216 AND GRANTED BY A.K. WHITTON, ET UX, TO MANUEL A. SILVA, BY
DEED DATED JANUARY 24, 1910 RECORDED JANUARY 29, 1910 IN BOOK 363 OF DEEDS,
PAGE 371, AS FOLLOWS:

BEGINNING AT A POINT IN THE NORTHEASTERLY LINE OF THAT CERTAIN 11.926
ACRE TRACT OF LAND DESCRIBED IN THE DEED FROM MARIA COELHO TO JACINTO S.
SIQUIG, ET UX, RECORDED UNDER RECORDER’S FILE NO. 845348, SANTA CLARA COUNTY
RECORDS, DISTANT THEREON SOUTH 38 DEG. 35’ EAST 176.94 FEET FROM THE
NORTHERNMOST CORNER THEREOF, THENCE FOLLOWING THE CENTERLINE OF SAID 40 FOOT
RIGHT

OF WAY SO DESCRIBED IN THE DEED TO SAID VIERRA ABOVE REFERRED TO FOR
THE TWO FOLLOWING COURSES AND DISTANCES: NORTH 38 DEG. 35’ WEST 189.42 FEET TO
A 2”X3” STAKE AND NORTH 25 DEG. 35’ WEST 1442.66 FEET TO A RAILROAD SPIKE SET
IN THE CENTERLINE OF TRIMBLE ROAD AND THE TERMINUS OF SAID EASEMENT.

PARCEL THREE:

AN EASEMENT FOR INGRESS AND EGRESS AND PUBLIC UTILITIES, APPURTENANT TO
THE ABOVE DESCRIBED PARCEL ONE, OVER THE FOLLOWING DESCRIBED 30 FOOT STRIP OF
LAND:

BEGINNING AT AN IRON PIPE SET AT THE MOST NORTHERLY CORNER OF THAT
CERTAIN 6.742 ACRE TRACT OF LAND HEREINABOVE DESCRIBED AS PARCEL ONE; THENCE
ALONG THE NORTHEASTERLY LINE OF SAID 6.742 ACRE TRACT, SOUTH 38 DEG. 35’ EAST
30.91 FEET TO AN IRON PIPE; THENCE NORTH 37 DEG. 30’ 40” EAST 89.52 FEET TO AN
IRON PIPE; THENCE NORTH 51 DEG. 34’ 50” EAST 254.396 FEET TO AN IRON PIPE IN
THE NORTHEASTERLY LINE OF THAT CERTAIN 11.926 ACRE TRACT OF LAND DESCRIBED IN
THE DEED FROM MARIA COELHO TO JACINTO S. SIQUIG, ET UX, RECORDED UNDER RECORDER’S
FILE NO. 845348, SANTA CLARA COUNTY RECORDS; THENCE ALONG LAST MENTIONED LINE,
NORTH 38 DEG. 53’ WEST 30.00 FEET TO AN IRON PIPE; THENCE SOUTH 51 DEG. 34’ 50”
WEST 258,00 FEET TO AN IRON PIPE; THENCE SOUTH 37 DEG. 30’ 40” WEST 85.80 FEET
TO THE POINT OF BEGINNING AS DESCRIBED IN THE DEED RECORDED JANUARY 21, 1966 IN
BOOK 7255, PAGE 480 OF OFFICIAL RECORDS.

PARCEL FOUR:

AN EASEMENT FOR THE INSTALLATION AND MAINTENANCE OF A WATER PIPE LINE,
APPURTENANT TO THE ABOVE DESCRIBED PARCEL ONE, OVER A STRIP OF LAND 10.00 FEET
IN WIDTH, THE CENTERLINE OF WHICH IS DESCRIBED AS FOLLOWS:

BEGINNING AT A STAKE SET IN THE NORTHEASTERLY LINE OF THAT CERTAIN
6.742 ACRE TRACT OF LAND HEREINABOVE DESCRIBED AS PARCEL ONE, DISTANT THEREON
NORTH 38 DEG. 35’ WEST 43.98 FEET FROM AN IRON PIPE AT THE MOST EASTERLY CORNER
OF SAID 6.742 ACRE TRACT; THENCE NORTH 58 DEG. 30’ EAST 301.47 FEET TO AN
EXISTING WELL AND THE TERMINUS OF SAID EASEMENT AS DESCRIBED IN THE DEED
RECORDED JANUARY 21, 1966 IN BOOK 7255, PAGE 480 OF OFFICIAL RECORDS.

TOGETHER WITH THE RIGHT TO WITHDRAW AND USE SUCH QUANTITIES OF WATER
FROM THE EXISTING WELL LOCATED AT THE TERMINUS OF

SAID EASEMENT, AS MAY BE REASONABLY NECESSARY FOR GRANTEE’S BUSINESS
NEED.

PARCEL FIVE:

A NON-EXCLUSIVE EASEMENT FOR THE INSTALLATION AND MAINTENANCE OF
ELECTRICAL POWER FACILITIES, APPURTENANT TO THE ABOVE DESCRIBED PARCEL TWO,
OVER THE FOLLOWING DESCRIBED PARCEL OF LAND:

COMMENCING AT A RAILROAD SPIKE IN THE CENTERLINE AT TRIMBLE ROAD AT THE
NORTHWESTERLY TERMINUS OF THE CENTERLINE OF THE 40 FOOT WIDE RIGHT OF WAY SHOWN
ON RECORD OF SURVEY MAP, RECORDED IN BOOK 115 OF MAPS, PAGE 40, SANTA CLARA
COUNTY RECORDS; THENCE ALONG SAID CENTERLINE OF RIGHT OF WAY, SOUTH 25 DEG. 35’
EAST 1442.66 FEET TO A 2”X3” STAKE, AND SOUTH 38 DEG. 35’ EAST 12.48 FEET TO AN
IRON PIPE AT THE MOST NORTHERLY CORNER OF THAT CERTAIN 11.926 ACRE TRACT
DESCRIBED IN DEED, MARIA COELHO TO JACINTO S. SIQUIG, ET UX, RECORDED UNDER
RECORDER’S FILE NO. 845348, SANTA CLARA COUNTY RECORDS; THENCE ALONG THE
BOUNDARIES OF SAID 11.926 ACRE TRACT, SOUTH 51 DEG. 34’ 50” WEST 341.72 FEET TO
AN IRON PIPE, SOUTH 73 DEG. 02’ EAST 147.99 FEET TO AN IRON PIPE AND THE TRUE
POINT OF BEGINNING OF THE EASEMENT TO BE DESCRIBED THENCE FROM SAID TRUE POINT
OF BEGINNING NORTH 73 DEG. 02’ WEST 20.00 FEET; THENCE NORTH 16 DEG. 58’ EAST
10.00 FEET; THENCE SOUTH 73 DEG. 02’ EAST 26.90 FEET TO THE NORTHWESTERLY LINE
OF A 30 FOOT EASEMENT HEREINABOVE DESCRIBED, THENCE SOUTH 51 DEG. 34’ 50” WEST
ALONG SAID LAST MENTIONED LINE FOR A DISTANCE OF 12.15 FEET TO THE TRUE POINT
OF BEGINNING AS DESCRIBED IN THE DEED RECORDED JANUARY 21, 1966 IN BOOK 7255,
PAGE 480 OF OFFICIAL RECORDS.

PARCEL SIX:

A NON-EXCLUSIVE EASEMENT FOR THE INSTALLATION AND MAINTENANCE OF
ELECTRICAL POWER FACILITIES, APPURTENANT TO THE ABOVE DESCRIBED PARCEL TWO,
OVER THE FOLLOWING DESCRIBED PARCEL OF LAND:

BEGINNING AT AN IRON PIPE SET IN THE NORTHEASTERLY LINE OF THAT CERTAIN
6.742 ACRE TRACT OF LAND HEREINABOVE DESCRIBED AS PARCEL ONE, DISTANT THEREON
SOUTH 38 DEG. 35’ EAST 30.91 FEET FROM THE NORTHERMOST CORNER THEREOF; THENCE
FROM SAID POINT OF BEGINNING SOUTH 38 DEG. 35’ EAST ALONG THE NORTHEASTERLY
LINE OF SAID 6.742 ACRE TRACT FOR A DISTANCE OF 50.00 FEET TO AN IRON PIPE;
THENCE NORTH 11 DEG. 57’ 50” EAST 112.54 FEET TO AN IRON PIPE SET IN

THE SOUTHEASTERLY LINE OF THE HEREINABOVE DESCRIBED 30 FOOT EASEMENT;
THENCE SOUTH 37 DEG. 30’ 40” WEST ALONG SAID LAST MENTIONED LINE FOR A DISTANCE
OF 89.52 FEET TO THE POINT OF BEGINNING AS DESCRIBED IN THE DEED RECORDED
JANUARY 21, 1966 IN BOOK 7255, PAGE 480 OF OFFICIAL RECORDS.

TRACT THREE:

PARCEL “A” AS SHOWN ON THAT CERTAIN PARCEL MAP FILED FOR RECORD
DECEMBER 30,1980 IN THE OFFICE OF THE RECORDER, COUNTY OF SANTA CLARA, STATE OF
CALIFORNIA IN BOOK 477 OF MAPS, AT PAGE 54.

TRACT FOUR:

ALL OF PARCEL 24, AS SHOWN ON THAT CERTAIN MAP ENTITLED, “PARCEL MAP OF
INTERNATIONAL BUSINESS PARK,” WHICH MAP WAS FILED IN THE OFFICE OF THE RECORDER
OF THE COUNTY OF SANTA CLARA, STATE OF CALIFORNIA ON JANUARY 28,1977, IN BOOK
388 OF MAPS, PAGE(S) 16 THROUGH 27.

EXCEPTING THEREFROM THAT PORTION THEREOF LYING BELOW A DEPTH OF 500
FEET MEASURED VERTICALLY FROM THE CONTOUR OF THE SURFACE OF SAID PROPERTY, WITH
NO RIGHT OF ANY PURPOSES WHATSOEVER TO ENTER UPON INTO OR THROUGH THE SURFACE
OF SAID PROPERTY OR ANY PART THEREOF LYING BETWEEN SAID SURFACE AND 500 FEET
BELOW SAID SURFACE, AS RESERVED IN THE DEED RECORDED MAY 24, 1978 IN BOOK D691,
PAGE 67, SANTA CLARA COUNTY RECORDS.

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