Document:

EX-10.10

 Exhibit 10.10 

FIRST AMENDMENT TO MASTER LAND AND BUILDING LEASE 

THIS FIRST AMENDMENT TO MASTER LAND AND BUILDING LEASE (this “Amendment”) is made and entered into as of the 14
day of April, 2016 by and between PIPE PORTFOLIO OWNER EXCHANGE (MULTI) LP, a Delaware limited partnership (“Landlord”), and FORTERRA PIPE & PRECAST, LLC, a Delaware limited liability company, FORTERRA PRESSURE
PIPE, INC., an Ohio corporation, FORTERRA CONCRETE PRODUCTS, INC., an Iowa corporation, and FORTERRA CONCRETE INDUSTRIES, INC., a Tennessee corporation (individually and collectively, jointly and severally, as co-tenants
“Tenant”).
 W I T N E S S E T H: 

WHEREAS, Landlord and Tenant are parties to that certain Master Land and Building Lease, dated as of April 5, 2016 (the
“Original Lease”, as amended hereby, and as further amended from time to time, the “Lease”), which Original Lease demises real estate, improvements and related fixtures more particularly described therein, under the
terms and conditions more particular described therein; and 
 WHEREAS, Landlord and Tenant desire to add the Additional Demised
Properties (as hereinafter defined) to the Original Lease, all as hereinafter set forth. 
 NOW, THEREFORE, in consideration of the
mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows: 

1. Definitions. All capitalized terms used but not otherwise defined herein shall have the same meanings as set forth in
the Original Lease. 
 2. Recitals. The foregoing recitals are hereby incorporated into this Amendment by
reference. As used in this Amendment, “Additional Demised Properties” means those certain properties listed on Exhibit A attached hereto and made a part hereof together with the Land and Improvements, but excluding any
Tenant Equipment, thereon.
 3. Lease Amendments. Effective as of the date of this Amendment, the Original Lease is
hereby amended as follows: 
 (a) the definition of “Demised Properties” shall be amended to include the Additional
Demised Properties; 
 (b) the initial Base Rent for the Demised Properties (including, without limitation, the Additional
Demised Properties) as set forth in Section 3.02(b) of the Original Lease, shall be an amount equal to $14,339,761.00 per annum ($1,194,980.08 per month); 

(c) the Replacement Cap example set forth in Section 31.01 of the Original Lease is revised to “up to fifteen (15)
individual Demised Properties; but not more than an aggregate 1,225,901.60 rentable square feet of the Demised Properties”; 

(d) the following shall be added to the Original Lease as a new Section 8.03(a): 

  
 1 

 “Section 8.03 Elk
River.
 (a) Landlord and Tenant acknowledge and agree that (i) a portion of what is
commonly referred to as Building 7 (including a conveyor belt, shelter, intake and silo) on that certain Demised Property located at 1340 6th Street, in Elk River, Minnesota (the “Elk
River Property”), encroaches onto a property contiguous with the Elk River Property (the “Elk River Encroachment”, and such contiguous property, the “Neighboring Property”), which Elk
River Encroachment is depicted on that certain survey of the Elk River Property, dated as of February 2, 2016, prepared by Ulteig Engineers, Inc., (ii) Landlord has an owner’s policy of title insurance issued by Stewart, which provides Landlord
with insurance coverage for certain losses Landlord may incur as a result of Building 7 encroaching onto the Neighboring Property (the “Elk River Title Policy”), and (iii) if, at any time during the Lease Term, a third-party
asserts its rights in and to the Neighboring Property, then either (a) if, as a result thereof, Building 7 must be relocated onto the Elk River Property, then Landlord shall file a claim against Stewart under its Elk River Title Policy upon receipt
of any reasonable documentation that Landlord may need to receive from Tenant in order to file such claim (the “Elk River Supporting Documentation”), and Tenant shall move Building 7 onto the Elk River Property at
Tenant’s sole cost and expense, subject to Tenant receiving any title insurance proceeds (or reimbursement from Landlord) due to Tenant as set forth herein; provided, that Landlord shall not be required to reimburse such costs in excess
of the title insurance coverage amount that Landlord actually obtained under the Elk River Title Insurance Policy or (b) if such third-party agrees to permit Building 7 to perpetually remain on the Neighboring Property, subject to payment of a
reasonable sum delivered to such third party as consideration for permitting Building 7 to perpetually remain on the Neighboring Property, such that, upon payment of such sum Building 7 will no longer be deemed to be an encroachment upon the
Neighboring Property, then Tenant shall pay such sum to such third party and Landlord, Tenant and such third-party shall enter into an agreement, reasonably acceptable to each party thereto, permitting Building 7 to perpetually remain on the
Neighboring Property. It being the intention of Landlord and Tenant that (y) if Building 7 must be moved onto the Elk River Property, then all proceeds received by Landlord resulting from a successful claim against Stewart under the Elk River
Title Policy in connection with the Elk River Encroachment shall be promptly delivered to Tenant to cover any and all costs incurred by Tenant in connection with Tenant’s relocation of Building 7 pursuant to the terms of this Section
8.03, and any excess Elk River Title 

  
 2 

 
Policy insurance proceeds shall be retained by Landlord and (z) if Building 7 is permitted to remain on the Neighboring Property subject only to such third-party receiving a reasonable sum in
exchange for permitting Building 7 to remain on the Neighboring Property, then Tenant shall be responsible for payment of such sum, without deduction or offset against Rent or any reimbursement thereof from Landlord.” Notwithstanding the
foregoing, if Landlord fails to file a claim under clause (a) above within thirty (30) days after receipt of the Elk River Supporting Documentation and Tenant’s completion of the relocation of Building 7, then Tenant shall provide notice of
such failure to Landlord (the “Elk River Notice”). If Landlord does not cure such failure by instituting a claim under its Elk River Title Insurance Policy, as required by clause (a) above, within fifteen (15) days after
receipt of the Elk River Notice, then Tenant shall provide Landlord with a reasonably detailed invoice for all reasonable, actual out-of-pocket costs incurred by Tenant in connection with Tenant’s relocation of Building 7 (the “Elk
River Invoice”), pursuant to the terms hereof, and Landlord shall reimburse Tenant for such costs within thirty (30) days after receipt of the Elk River Invoice; provided, that Landlord shall not be required to reimburse such costs in
excess of the title insurance coverage amount that Landlord obtained under the Elk River Title Insurance Policy.” 
 (e)
the following shall be added to the Original Lease as a new Section 8.03(b): 

“(b) Landlord and Tenant acknowledge and agree that as of the date hereof, certain
portions of the Elk River Property (including, but not limited to, that portion subject to the Elk River Encroachment), are not owned in fee by either Landlord or Tenant, which portions are more specifically set forth on Exhibit I attached
hereto and made a part hereof (collectively, the “Remaining Elk River Property”), but are instead owned in fee, either directly or by operation of law, by the City of Elk River (the “City”) or a third
party, and, due to an oversight by the City, were not deeded from the City to the fee owner of the remaining portions, of the Elk River Property prior to the date hereof. The City is currently working to rectify this situation, and Tenant
hereby covenants that if all or any portion of the Remaining Elk River Property is either deeded by the City to Tenant (as the prior fee owner of the Elk River Property) or Tenant is deemed to be the fee owner of all or any portion of the Remaining
Elk River Property through a successful quite title action, then Tenant shall promptly transfer all or such portion of the Remaining Elk River Property to Landlord by executing a deed substantially similar to the deed received by Tenant
conveying such Remaining Elk River Property (or applicable portion thereof) to Landlord which deed shall be in a form 

  
 3 

 
sufficient for such deed to be recorded in the applicable real property records where the Elk River Property is located, all to be done at Tenant’s sole cost and expense. Tenant shall use
commercially reasonable best efforts to work with the City or any third-party holder of ownership interests in the Remaining Elk River Property, including commencing any litigation or other legal proceedings and diligently pursuing same and making
any reasonable payment required by either the City or any such third-party (such reasonable payment, being up to the fair market value of the Remaining Elk River Property), in cooperation with Landlord, to permit Landlord to acquire fee simple title
to the Remaining Elk River Property no later than the one (1) year anniversary of the Commencement Date; provided, however, that Landlord and Tenant acknowledge and agree that while Tenant may take the forgoing actions, Landlord, as the owner of the
Elk River Property, will be the named litigant and the signatory on any such legal proceedings and/or documents and must reasonably cooperate with Tenant’s efforts in order for the Remaining Elk River Property to be transferred in fee to
Landlord during such one (1) year period. At such time as Landlord owns fee simple title to the Remaining Elk River Property, (i) the Remaining Elk River Property shall automatically be deemed part of the Elk River Property, and upon the request of
Landlord or Tenant, as the case may be, the parties shall enter into an amendment to this Lease to memorialize the same and account for any encumbrances on the same and (ii) Landlord shall be permitted to obtain a date down endorsement to the Elk
River Title Policy, and Tenant shall reasonably cooperate with Landlord’s efforts to obtain same, which date down endorsement shall reflect the addition of the Remaining Elk River Property as a portion of the legal description insured by the
Elk River Title Policy, such reasonable costs and expenses thereof to be paid for by Tenant.” 
 (f) Schedule 2 (List
of Original Movable Building Equipment) attached to the Original Lease is deleted in its entirety and replaced with Schedule 2 attached hereto and made a part hereof; 

(g) Schedule 7.02 (List of Required Repairs) attached to the Original Lease is deleted in its entirety and replace with
Schedule 7.02 attached hereto and made a part hereof; 
 (h) Each of Schedule 8.03(A) List of Structural
Encroachments and Schedule 8.03(B) (List of Non-Structural Encroachments, attached to the Original Lease, is deleted in its entirety and replaced with Schedule 8.02(A) and Schedule 8.02(B), respectively, attached hereto and
made a part hereof, and all references in the Original Lease to “Schedule 8.03(A)” or “Schedule 8.03(B)” or “Section 8.03” are hereby amended to reference “Schedule 8.02(A)”,
“Schedule 8.02(B)” and “Section 8.02”, respectively.; and 

  
 4 

 (i) Exhibit A-1 (Location/Address of Demised Properties/Adjustment
Amounts) attached to the Original Lease is deleted in its entirety and replaced with Exhibit A-1 attached hereto and made a part hereof.

4. Entire Agreement. The entire agreement of the parties with respect to the subject matter hereof is set forth in the
Original Lease as amended by this Amendment.
 5. Counterparts. This Amendment may be executed in counterparts, each of
which shall be deemed an original, and all of which, when taken together, shall be deemed and shall constitute a single, integrated original document. 

6. Headings. The section headings of this Amendment are for convenience only and are not intended, and shall not be
construed to alter, limit, or enlarge in any way the scope or meaning of the language contained in this Amendment. No inference in favor of or against any party should be drawn from the fact that such party drafted or participated in the
drafting of this Amendment or that such provisions have been drafted on behalf of such party. 
 7. Unitary Lease. For
the avoidance of doubt, Landlord and Tenant agree that: the Original Lease, as amended by this Amendment, constitutes a single and indivisible lease as to all of the Demised Properties (as modified by this Amendment) collectively, and shall not be
subject to severance or division. In furtherance of the foregoing, Landlord and Tenant each (a) waives, to the fullest extent permitted by Law, any claim or defense based upon the characterization of the Lease (as amended by this Amendment), as
anything other than a master lease of all the Demised Properties (as amended by this Amendment), and irrevocably waives, to the fullest extent permitted by Law, any claim or defense that asserts that the Lease (as amended by this Amendment) is
anything other than a master lease, (b) covenants and agrees that it will not assert that the Lease (as amended by this Amendment) is anything but a unitary, unseverable instrument pertaining to the lease of all, but not less than all, of the
Demised Properties (as amended by this Amendment), (c) stipulates and agrees not to challenge the validity, enforceability or characterization of the Lease of the Demised Properties (as amended by this Amendment), as a unitary, unseverable
instrument pertaining to the lease of all, but not less than all, of the Demised Properties (as amended by this Amendment), and (iv) shall support the intent of the parties that the Lease (as amended by this Amendment)is a unitary, unseverable
instrument pertaining to the lease of all, but not less than all, of the Demised Properties (as amended by this Amendment), if, and to the extent that, any challenge occurs. To the extent that legal, tax or title insurance requirements in
consummating the purchase of the Demised Properties by Landlord or leasing the Demised Properties (in each case, as amended by this Amendment), to Tenant, may require, or may have required, individual purchase price allocations (including
allocations of values for individual state transfer tax purposes and title insurance coverage amounts) or individual rent allocations (including allocations of rents in certain states for tax purposes), Landlord and Tenant agree that such individual
allocations are solely to comply with legal, tax or title insurance requirements, and shall not be used or construed, directly or indirectly, to vary the intent of Landlord and Tenant that the Lease (as amended by this Amendment) constitutes a
single and indivisible lease of all the Demised Properties (as amended by this Amendment) collectively and is not an aggregation of separate leases. The foregoing agreements and waivers by Tenant in this Paragraph 7 are made as a
material inducement to Landlord to enter into the transaction contemplated by the Lease as modified by this Amendment and that, but for the foregoing agreements and waivers by Tenant, Landlord would not consummate the Original Lease or this
Amendment. 
 8. Lease in Full Force and Effect. Except as expressly set forth in this Amendment, , all of the
terms and provisions of the Original Lease are hereby ratified and confirmed, and the Original 

  
 5 

 
Lease (as amended hereby) remains in full force and effect. All references in the Original Lease to “this Lease” (or similar phrase) shall be deemed to refer to the Original Lease
as modified by this Amendment, and all references in the Original Lease to “Demised Properties” shall be deemed to refer to the Demised Properties as such term is defined in this Amendment.

[Signature Pages to Follow] 

  
 6 

 IN WITNESS WHEREOF, this Amendment is executed by the parties as of the day and year first
set forth above. 
  

							
	LANDLORD:
	
	PIPE PORTFOLIO OWNER EXCHANGE (MULTI) LP,
	a Delaware limited partnership
		
	By:	 	PIPE PORTFOLIO EXCHANGE GP LLC,
		 	a Delaware limited liability company, its general partner
			
		 	By:	 	WPC HOLDCO LLC,
		 		 	a Maryland limited liability company, its sole member
				
		 		 	By:	 	W. P. CAREY INC.,
		 		 		 	a Maryland corporation, its sole member
				
		 		 	By:	 	 /s/ Gino M. Sabatini

		 		 	Name:	 	Gino M. Sabatini
		 		 	Title:	 	Managing Director

  

							
	STATE OF New York	  	 	 )
	  	 	
		  	 	)	  	 	ss.
	COUNTY OF New York	  	 	 )
	  	 	

 On the 13th day of April in the year
2016 before me, the undersigned, a Notary Public in and for said state, personally appeared Gino M. Sabatini, proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and
acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. 

 

					
		 		 	 /s/ Robert K Pollak

		 		 	Signature of Notary Public
	(Seal)	 		 	Commission expires: 08/05/17
		 		 	Commission no. 01PO6287036
			
	WITNESS SIGNATURES:	 		 	

  

									
	By:	 	 /s/ Leah Speckland
	 		 		 	 ROBERT K POLLAK

Notary Public, State of new York

No. 01PO6287036
 Qualified
in New York Country
 Certificate filed in New York Country

Commission Expires August 05, 2017

	Name:	 	 Leah Speckland
  

 
	 		 	 
	By:	 	 /s/ Abigail Lamb
	 		 	 
	Name:	 	Abigail Lamb	 		 	 

  

					
		 	Signature Page	 	First Amendment to Master Lease (US)

			
	TENANT:
	
	FORTERRA PIPE & PRECAST, LLC,
	a Delaware limited liability company
		
	By:	 	 /s/ Lori M. Browne

	Name:	 	Lori M. Browne
	Its:	 	Vice President
	
	WITNESS SIGNATURES:
		
	By:	 	 /s/ Jennifer Lefler

	Name:	 	Jennifer Lefler
		
	By:	 	 /s/ Kelly S. Simpson

	Name:	 	Kelly S. Simpson

  

							
	STATE OF TEXAS	  	 	)	  	 	
		  	 	)	  	 	ss.
	COUNTY OF DALLAS	  	 	)	  	 	

 On the 14th day of April in the year 2016 before me, the undersigned, a Notary Public in
and for said state, personally appeared Lori M. Browne, proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his
capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. 
  

							
	  
  
  

(Seal)
	 	

	 		 	 /s/ Margaret Hobbs

Signature of Notary Public
 Commission expires:
05-22-2019
 Commission no. 222638-0

	 	 		 
	 		 		 

 [SIGNATURES CONTINUE ON NEXT PAGE] 

  

					
		 	Signature Page	 	First Amendment to Master Lease (US)

			
	FORTERRA PRESSURE PIPE, INC.,
	an Ohio corporation
		
	By:	 	 /s/ Lori M. Browne

	Name:	 	Lori M. Browne
	Its:	 	Vice President
	
	WITNESS SIGNATURES:
		
	By:	 	 /s/ Jennifer Lefler

	Name:	 	Jennifer Lefler
		
	By:	 	 /s/ Kelly S. Simpson

	Name:	 	Kelly S. Simpson

  

							
	STATE OF TEXAS	  	 	 )
	  	 	
		  	 	)	  	 	ss.
	COUNTY OF DALLAS	  	 	 )
	  	 	

 On the 14th day of April in the year 2016 before me, the undersigned, a Notary Public in
and for said state, personally appeared Lori M. Browne, proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his
capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. 
  

							
	  
  
  

(Seal)
	 	

	 		 	 /s/ Margaret Hobbs

Signature of Notary Public

Commission expires: 05-22-2019
 Commission no.
222638-0

	 	 		 
	 	 		 
	 		 		 

 [SIGNATURES CONTINUE ON NEXT PAGE] 

  

					
		 	Signature Page	 	First Amendment to Master Lease (US)

			
	FORTERRA CONCRETE PRODUCTS, INC.
	an Iowa corporation
		
	By:	 	 /s/ Lori M. Browne

	Name:	 	Lori M. Browne
	Its:	 	Vice President
	
	WITNESS SIGNATURES:
		
	By:	 	 /s/ Jennifer Lefler

	Name:	 	Jennifer Lefler
		
	By:	 	 /s/ Kelly S. Simpson

	Name:	 	Kelly S. Simpson

  

							
	STATE OF TEXAS	  	 	 )
	  	 	
		  	 	)	  	 	ss.
	 COUNTY OF DALLAS
	  	 	 )
	  	 	

 On the 14th day of April in the year 2016 before me, the undersigned, a Notary Public in
and for said state, personally appeared Lori M. Browne, proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his
capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. 
  

							
	  
  
  

(Seal)
	 	

	 		 	 /s/ Margaret Hobbs

Signature of Notary Public

Commission expires: 05-22-2019
 Commission no.
222638-0

	 	 		 
	 	 		 
		 		 		 

 [SIGNATURES CONTINUE ON NEXT PAGE] 

  

					
		 	Signature Page	 	First Amendment to Master Lease (US)

			
	FORTERRA CONCRETE INDUSTRIES, INC.,
	a Tennessee corporation
		
	By:	 	 /s/ Lori M. Browne

	Name:	 	Lori M. Browne
	Its:	 	Vice President
	
	WITNESS SIGNATURES:
		
	By:	 	 /s/ Jennifer Lefler

	Name:	 	Jennifer Lefler
		
	By:	 	 /s/ Kelly S. Simpson

	Name:	 	Kelly S. Simpson

  

							
	STATE OF TEXAS	  	 	 )
	  	 	
		  	 	)	  	 	ss.
	COUNTY OF DALLAS	  	 	 )
	  	 	

 On the 14th day of April in the year 2016 before me, the undersigned, a Notary Public in
and for said state, personally appeared Lori M. Browne, proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his
capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument. 
  

							
	  
  
  

(Seal)
	 	

	 		 	 /s/ Margaret Hobbs

Signature of Notary Public

Commission expires: 05-22-2019
 Commission no.
222638-0

	 	 		 
	 	 		 
		 		 		 

  

					
		 	Signature Page	 	First Amendment to Master Lease (US)

 CONSENT AND RATIFICATION OF GUARANTOR 

The undersigned, as Guarantor under that certain Guaranty of Master Land and Building Lease, dated as of April 5, 2016 (the
“Guaranty”), hereby unconditionally and irrevocably: (a) consents to the execution and delivery of, and performance under, the First Amendment to Master Land and Building Lease to which this Consent and Ratification is attached (the
“Amendment”); (b) ratifies and confirms the terms and provisions of the Guaranty with respect to the Original Lease as amended by this Amendment and the obligations thereunder, and confirms that the Guaranty continues to constitute
a valid and binding obligation of Guarantor, enforceable against Guarantor in accordance with its terms; and (c) agrees that the execution and delivery of the Amendment shall not operate to release, discharge, serve as a defense to, or in any way
alter or amend the obligations of the undersigned under the Guaranty.
 Executed as of April 14, 2016 

 

			
	GUARANTOR
	
	LSF9 CONCRETE HOLDINGS LTD,
	a company incorporated under the laws of the Bailiwick of Jersey
		
	By:	 	 /s/ Jonathan Rosen

	Name:	 	Jonathan Rosen
	Title:	 	Director

  
 [Guarantor
Ratification - First Amendment to Master Lease (US)] 

 SCHEDULE 2 

LIST OF ORIGINAL MOVABLE BUILDING EQUIPMENT 

[See Attached] 

  
 Schedule 2 

 Forterra Sale Leaseback 

Site Detailed Data 
  

																			
	($ in 000’s)	 	 	 	 	 	Percentage complete	 	100%	 	 
	 	 	 	 	 Location (Address)
	 	 	 	 	 	 
	 	 	 Name of Plant
	 	 Street
	 	 City
	 	 State
	 	Post Code	 	 Country
	 	 Segment
	 	Overhead
cranes	 	 Crane Capacities

	1	 	Billings, MT	 	1521 South 32nd Street West	 	Billings	 	MT	 	59102	 	USA	 	Cretex Concrete Products, Inc.	 	1	 	10T
										
	2	 	Bonner Spring, KS	 	23600 West 40th Street	 	Bonner Spring	 	KS	 	66226	 	USA	 	Cretex Concrete Products, Inc.	 	2	 	30T; 10T
										
	3	 	Elk River, MN	 	1340 6th Steet	 	Elk River	 	MN	 	55330	 	USA	 	Cretex Concrete Products, Inc.	 	3	 	2-20R 1-7.5t
										
	4	 	Hawley, MN	 	401 Michael Street S and 1025 Cretex Street	 	Hawley	 	MN	 	56549	 	USA	 	Cretex Concrete Products, Inc.	 	1	 	1-20T
										
	5	 	Iowa Falls, IA	 	540 Country Club Road	 	Iowa Falls	 	IA	 	50126	 	USA	 	Cretex Concrete Products, Inc.	 	5	 	1 (50 T), 2 (40 T), 2 (30 T)
										
	6	 	Marshalltown, IA	 	2002 East Olive Street	 	Marshalltown	 	IA	 	50158	 	USA	 	Cretex Concrete Products, Inc.	 	4	 	(1) 10T; (1) 20T; (2) 30T
										
	7	 	Menoken, ND	 	1101 158 Street Northeast	 	Menoken	 	ND	 	58558	 	USA	 	Cretex Concrete Products, Inc.	 	2	 	4T; 20T
										
	8	 	Rapid City, SD	 	1601 Culvert Street	 	Rapid City	 	SD	 	57701	 	USA	 	Cretex Concrete Products, Inc.	 	3	 	35T; 5T, 1T
										
	9	 	Austin Gravity Plant	 	801 Airport Blvd.	 	Austin	 	TX	 	78702	 	USA	 	Gravity Pipe & Precast	 	1	 	40t
										
	11	 	Cedar Hill Pipe Plant	 	2138 Highway 67 South	 	Cedar Hill	 	TX	 	75104	 	USA	 	Gravity Pipe & Precast	 	3	 	50T; 35T; 5T
										
	12	 	Columbus Gravity Pipe Plant	 	1500 Haul Rd.	 	Columbus	 	OH	 	43207	 	USA	 	Gravity Pipe & Precast	 	7	 	(2) 5T; (2) 20T; (2) 25T; 35T
										
	13	 	Deland Precast Plant	 	480 West Ave	 	Deland	 	FL	 	32720	 	USA	 	Gravity Pipe & Precast	 	10	 	5T; (6) 10T; 20T; (2) 35T
										
	14	 	EI Mirage	 	12600 W. Northern Ave	 	El Mirage	 	AZ	 	85335	 	USA	 	Gravity Pipe & Precast	 	5	 	(2) 10T; (2) 20T; 40T
										
	15	 	Florin Road	 	7020 Tokay Avenue	 	Sacramento	 	CA	 	95828	 	USA	 	Gravity Pipe & Precast	 	6	 	(2) 10T; 15T; (2) 20T; 40T
										
	16	 	Grand Prairie Gravity Plant	 	1000 N. MacArhur Blvd.	 	Grand Prairie	 	TX	 	75050	 	USA	 	Gravity Pipe & Precast	 	1	 	70T
										
	17	 	Grand Prairie Precast Plant	 	1000 N. MacArhur Blvd.	 	Grand Prairie	 	TX	 	75050	 	USA	 	Gravity Pipe & Precast	 	8	 	(6) 10T; 25T; 35T
										
	31	 	Grand Prairie	 	1000 N. MacArhur Blvd.	 	Grand Prairie	 	TX	 	75050	 	USA	 	Pressure Pipe	 	125	 	Separate tab
										
	67	 	Form Equipment Support	 	1000 N. MacArhur Blvd.	 	Grand Prairie	 	TX	 	75050	 	USA	 	Gravity Pipe & Precast	 	4	 	(4) 10T
										
		 	Grand Prairie Total	 		 		 		 		 		 		 	138	 	
										
	18	 	Houston Box Plant	 	11201 FM 529	 	Houston	 	TX	 	77240	 	USA	 	Gravity Pipe & Precast	 	1	 	60T
										
	19	 	Houston Jersey Village Gravity Pipe Plant	 	11201 FM 529	 	Houston	 	TX	 	77240	 	USA	 	Gravity Pipe & Precast	 	5	 	5T; (2) 10T; 20T; 60T
										
	20	 	Houston Precast Plant	 	11201 FM 529	 	Houston	 	TX	 	77240	 	USA	 	Gravity Pipe & Precast	 	7	 	(4) 10T; 15T; 20T 35T
										
		 	Houston Total	 		 		 		 		 		 		 	13	 	
										
	21	 	Jackson Pipe Plant	 	2840 West Northside Drive	 	Jackson	 	MI	 	39213	 	USA	 	Gravity Pipe & Precast	 	2	 	10T; 15T

																					
	 22
	 	Macedonia Plant	 	7925 Empire Parkway	 	Macedonia	 	OH	 	 	44056	  	 	USA	 	Gravity Pipe & Precast	 	1	 	25T
										
	 23
	 	Oklahoma City Pipe Plant	 	6504 S. Interpace	 	Oklahoma City	 	OK	 	 	73135	  	 	USA	 	Gravity Pipe & Precast	 	1	 	30T
										
	 27
	 	Shafter	 	30781 San Diego St	 	Shafter	 	CA	 	 	93263	  	 	USA	 	Gravity Pipe & Precast	 	3	 	10T; 20T; 50T
										
	 28
	 	Waco Precast Plant	 	11710 Chapel Road	 	Hewitt	 	TX	 	 	76643	  	 	USA	 	Gravity Pipe & Precast	 	10	 	(3) 5T; (2) 7.5T; (2) 10T; 15T; 20T; 30T
										
	 29
	 	Winter Haven Pipe Plant	 	1285 Luceme Loop Road	 	Winter Haven	 	FL	 	 	33881	  	 	USA	 	Gravity Pipe & Precast	 	4	 	(3) 20T; 30T
										
	 30
	 	Bakewell	 	550 Industrial Blvd	 	Sale Creek	 	TN	 	 	373273	  	 	USA	 	Pressure Pipe	 	6	 	3T; 5T; (3) 10T; 20T
										
	 32
	 	South Beloit	 	4416 Prairie Hill Road	 	South Beloit	 	IL	 	 	61080	  	 	USA	 	Pressure Pipe	 	23	 	(5) 2T; (5) 3T; (3) 4T; (6) 10T; (4) 15T
										
	 35
	 	Bar Nunn, WY	 	2175 Westwinds Road	 	Bar Nunn	 	WY	 	 	82601	  	 	USA	 	Cretex Concrete Products, Inc.	 	0	 	
										
	 36
	 	Cedar Rapids, IA	 	3921 J Street Southwest	 	Cedar Rapids	 	IA	 	 	52404	  	 	USA	 	Cretex Concrete Products, Inc.	 	1	 	2T
										
	 37
	 	Franklin	 	313 Downs Boulevard	 	Franklin	 	TN	 	 	37064	  	 	USA	 	Sherman - Dixie	 	4	 	(2) 3T; 50T; 15T
										
	 38
	 	Lexington	 	759 Phillips Lane and 760 Philllips Lane	 	Lexington	 	KY	 	 	40504	  	 	USA	 	Sherman - Dixie	 	1	 	7.5T
										
	 39
	 	Oskaloosa, KS	 	5150 US Highway 59	 	Lawrence	 	KS	 	 	66066	  	 	USA	 	Cretex Concrete Products, Inc.	 	3	 	(2) 10T; 30T
										
	 40
	 	Shakopee, MN	 	7070 Cretex Avenue	 	Shakopee	 	MN	 	 	55379	  	 	USA	 	Cretex Concrete Products, Inc.	 	3	 	(1) 15T; (2) 5T
										
	 41
	 	Dayton Precast Plant	 	1504 N. Gettysburg Ave.	 	Dayton	 	OH	 	 	45417	  	 	USA	 	Gravity Pipe & Precast	 	2	 	5T; 15T
										
	 42
	 	Gretna Pipe Plant	 	55 Dritches Hayes N/ Aclary Ave	 	Gretna	 	FL	 	 	32332	  	 	USA	 	Gravity Pipe & Precast	 	0	 	
										
	 45
	 	Marianna Precast Plant	 	4043 Family Dollar Parkway	 	Marianna	 	FL	 	 	32448	  	 	USA	 	Gravity Pipe & Precast	 	3	 	5T; 15T; 30T
										
	 46
	 	Robstown Gravity Pipe Plant	 	1610 Hwy, 77 South	 	Robstown	 	TX	 	 	78380	  	 	USA	 	Gravity Pipe & Precast	 	1	 	35T
										
	 48
	 	Athens Precast Plant	 	625 B Hancock Industrial Way	 	Athens	 	GA	 	 	30605	  	 	USA	 	Gravity Pipe & Precast	 	6	 	(2) 5T; (2) 10T; 20T; 25T
										
	 50
	 	Little Rock Pipe Plant	 	1300 Bond Street	 	Little Rock	 	AR	 	 	72202	  	 	USA	 	Gravity Pipe & Precast	 	2	 	5T; 15T
										
	 51
	 	Montgomery Gravity Pipe Plant	 	1616 Parallel Street	 	Montgomery	 	AL	 	 	36104	  	 	USA	 	Gravity Pipe & Precast	 	2	 	(2) 5T
										
	 52
	 	New Orleans Gravity Pipe Plant	 	13201 Old Gentilly Road	 	New Orleans	 	LA	 	 	70150	  	 	USA	 	Gravity Pipe & Precast	 	3	 	7.5T; (2) 35T
										
	 56
	 	Rome Pipe Plant	 	223 John Davenport Drive	 	Rome	 	GA	 	 	30165	  	 	USA	 	Gravity Pipe & Precast	 	1	 	10T
										
	 57
	 	St. Martinville Pipe Plant	 	520 W. Port Street	 	St. Martinwille	 	LA	 	 	70582	  	 	USA	 	Gravity Pipe & Precast	 	1	 	15T
										
	 58
	 	West Memphis Pipe Plant	 	501 East Jefferson	 	West Memphis	 	AR	 	 	72301	  	 	USA	 	Gravity Pipe & Precast	 	5	 	(2) 5T; 10T; 15T; 35T
										
	 59
	 	 Plattsmouth, NE
	 	 369 Wiles Road
	 	 Plattsmouth
	 	NE	 	 	68048	  	 	USA	 	Cretex Concrete Products, Inc.	 	1	 	
										
	 65
	 	 Lubbock
	 	 1624 Marshall St
	 	 Lubbock
	 	TX	 	 	79415	  	 	USA	 	Pressure Pipe	 	4	 	(4) 5T

 GRAND PRAIRIE PRESSURE PIPE TAB 
  

													
	 Crane

Capacity
	  	Pressure
Pipe	 	  	Steel
Pipe	 	  	Total	 
	 1/4 ton
	  	 	1	  	  				  	 	1	  
	 1/2 ton
	  	 	12	  	  	 	5	  	  	 	17	  
	 1 ton
	  	 	46	  	  	 	7	  	  	 	53	  
	 2 ton
	  	 	13	  	  	 	3	  	  	 	16	  
	 3 ton
	  	 	6	  	  				  	 	6	  
	 5 ton
	  	 	11	  	  				  	 	11	  
	 6 ton
	  	 	2	  	  				  	 	2	  
	 7 ton
	  	 	1	  	  				  	 	1	  
	 7.5 ton
	  	 	3	  	  				  	 	3	  
	 10 ton
	  	 	3	  	  				  	 	3	  
	 15 ton
	  	 	2	  	  				  	 	2	  
	 20 ton
	  	 	4	  	  				  	 	4	  
	 26 ton
	  	 	1	  	  				  	 	1	  
	 30 ton
	  	 	1	  	  				  	 	1	  
	 35 ton
	  				  	 	3	  	  	 	3	  
	 40 ton
	  				  	 	1	  	  	 	1	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Totals
	  	 	106	  	  	 	19	  	  	 	125	  

 SCHEDULE 7.02 

LIST OF REQUIRED REPAIRS 

[See Attached] 

  
 Schedule 7.02 

 PCA Summary of Immediate and Short-term Recommendations 

 

																			
	 Partner
Site #
	 	Forterra
Site #	 	 Street Address
	 	 City
	 	 State
	 	Post Code	 	 Country
	 	Immediate & Short-term
Repairs Total Cost	 	 	 Immediate & Short-term Recommendations

(For additional information, refer to the PCA Section noted 
below)

	1	 	11	 	1616 Parallel Street	 	Montgomery	 	AL	 	36104	 	USA	 	$	2,500	  	 	Immediate Repair - Section 4.2: Repair damaged concrete masonry unit wall section along the south face of the west process building. This appears to have occurred through vehicle or equipment impact.
									
	5	 	8	 	1300 Bond Street	 	Little Rock	 	AR	 	72202	 	USA	 	$	7,500	  	 	Short-term Repair - Section 4.3.1: Repair damaged metal siding at the Production Plant and Office Buildings.
									
	6	 	9	 	501 East Jefferson	 	West Memphis	 	AR	 	72301	 	USA	 	$	41,600	  	 	 Immediate Repair - Section 3.3.1: Install storm water drain to control ponding near fuel ASTs.

Short-term Repair - Section 4.3.1: Repair damaged metal siding.

Immediate Repair - Section 4.4.1: Replace built-up roofing.

									
	7	 	25	 	12600 W. Northern Ave	 	El Mirage	 	AZ	 	85335	 	USA	 	$	56,450	  	 	 Immediate Repair - Section 3.3.1: Soil erosion evaluation by civil engineer.

Immediate Repair - Section 3.3.1: Earth Fissure trenching study by geotechnical engineer.

Immediate Repair - Section 3.3.2: Pavement thickness design study by geotechnical engineer.

Short-term Repair - Section 3.3.2: Asphalt seal coat & parking stall striping.

Short-term Repair - Section 4.3.1: Exterior cleaning, sealing, painting (office).

Short-term Repair - Section 4.4.1: Roof replacement, spray foam.

Immediate Repair - Section 7.1: Add two ADA accessible parking spaces, one of which must be a van-accessible parking space.

									
	8	 	28	 	7020 Tokay Avenue	 	Sacramento	 	CA	 	95828	 	USA	 	$	27,450	  	 	 Short-term Repair - Section 3.3.2: Pavement appears to be in fair structural condition. Extensive “map” or “alligator”
cracking were not at the drive aisle on the northern side of Building 2. Repair of the drive aisle is recommended.
 Short-term Repair - Section 3.3.9: The
ancillary structures to be in fair overall condition. Damaged roofing was noted at the storage structure. Repair of the roofing is recommended.

									
	9	 	26	 	30781 San Diego St	 	Shafter	 	CA	 	93263	 	USA	 	$	7,250	  	 	 Immediate Repair - Section 2.3.1: Replace, recertify and update tags on fire extinguishers per Kern County Fire Dept.

Short-term Repair - Section 4.3.1: Commission structural engineer or third party steel cladding manufacture of metal building siding-cladding to replace and
repair missing exterior wall, canopy and shed sidings for future potential structure and building anticipated uses.
 Immediate Repair - Section 4.3.2:
Analyze what damaged windows that may be useful and intended for use in future building functions.
 Immediate Repair - Section 4.4.2: Repair leak i roof of
Building 1.
 Immediate Repair - Section 7.1: Add accessible ADA compliant path of travel routes from the ADA designated parking stalls to the accessible
ramps to buildings 5 and 6.

									
	10	 	6	 	840 West Ave	 	Deland	 	FL	 	32720	 	USA	 	$	54,000	  	 	 Immediate Repair - Section 3.3.1: Areas of soil erosion due to rain washout were observed adjacent to the concrete stairway to the east of
Plant Building-2 and along the main drive aisle located at the north side of the property. Partner recommends the backfill and repair of the eroded areas.

Immediate Repair - Section 3.3.2: Extensive linear cracking, “map” or “alligator” cracking, and pothole formation were noted at the drive
aisles within the fenced in working areas along the main drive aisle located at the north side of the subject property due to soil erosion. Repair of the noted area is recommended.

Immediate Repair - Section 4.3.1: Metal panel exterior walls of the Storage building and the Wood Shop building were observed to have damaged exterior metal
panels. Partner recommends the dented and damaged metal panels.
 Immediate Repair - Section 4.4.1: Metal roofing of the Storage building and Wood Shop
buildings appear to have several areas of roof leaks leading to interior insulation deterioration and failure. Partner recommends roof and insulation replacement for the Storage and Wood Shop building roofs.

									
	11	 	4	 	55 Ditches Hayes N/ Aclary Ave	 	Gretna	 	FL	 	32332	 	USA	 	$	0	  	 	NA
									
	12	 	5	 	4043 Family Dollar Parkway	 	Marianna	 	FL	 	32448	 	USA	 	$	30,500	  	 	 Immediate Repair - Section 3.3.2: Asphalt pavement reconstruction.

Immediate Repair - Section 3.3.8: Repair exterior lighting.

Immediate Repair - Section 3.3.2: Asphalt pavement seal coat.

									
	13	 	7	 	1285 Luceme Loop Road	 	Winter Haven	 	FL	 	33881	 	USA	 	$	0	  	 	NA
									
	14	 	3	 	625 B Hancock Industrial Way	 	Athens	 	GA	 	30605	 	USA	 	$	0	  	 	NA
									
	15	 	2	 	223 John Davenport Drive	 	Rome	 	GA	 	30165	 	USA	 	$	2,700	  	 	 Immediate Repair - Section 3.3.1: Partner recommends property management engage the services of a local contractor to inspect the storm water
drainage areas of the subject property and recommend corrective action for the storm water drainage issues in the southeast section of the property grounds.

Immediate Repair - Section 3.3.2: Pavement markings and striping are recommended to be installed at the office building concrete parking area.

									
	16	 	20	 	3921 J Street Southwest	 	Cedar Rapids	 	IA	 	52404	 	USA	 	$	0	  	 	NA
									
	18	 	17	 	540 Country Club Road	 	Iowa Falls	 	IA	 	50126	 	USA	 	$	2,500	  	 	 Immediate Repair - Section 4.3.2: Replace rotted window trim at office.

Short-term Repair - Section 4.3.3: Replace rusted door frames at office.

									
	19	 	18	 	2002 East Olive Street	 	Marshalltown	 	IA	 	50158	 	USA	 	$	0	  	 	NA
									
	20	 	2	 	4416 Prairie Hill Road	 	South Beloit	 	IL	 	61080	 	USA	 	$	30,000	  	 	 Short-term Repair - Section 3.3.2: Grading and bedding sand replacement.

Short-term Repair - Section 4.3.1: Metal panel repair and replacement.

Short-term Repair - Section 4.3.3: Replace three loading doors.

Short-term Repair - Section 4.3.1: Repair and seal step cracks in concrete masonry unit facades.

									
	21	 	4	 	23600 West 40th Street	 	Bonner Spring	 	KS	 	66226	 	USA	 	$	0	  	 	NA
									
	22	 	3	 	5150 US Highway 59	 	Lawrence	 	KS	 	66066	 	USA	 	$	0	  	 	NA
									
	23	 	6	 	13201 Old Gentilly Road	 	New Orleans	 	LA	 	70150	 	USA	 	$	29,850	  	 	 Immediate Repair - Section 3.3.1: Allowance to assess, and, if necessary, repair stormwater management to prevent ponding observed at two
locations: south of the Box Culvert Production building and north of the Pipe Production building.
 Immediate Repair - Section 4.4.1: Concrete pavement
repair.
 Repair three roof leaks at pipe production building; mitigate associated discoloration and suspect mold on concrete columns at roof leak
locations.
 Immediate Repair - Section 4.4.1: Mold remediation in the Pipe Production building.

Immediate Repair - Section 5.3: Infrared testing.
 Immediate
Repair - Section 7.1: Convert standard ADA parking space to a van-accessible parking space.
 Immediate Repair - Section 7.1: Allowance to provide an
accessible path to the Office building.

  
 1 

 PCA Summary of Immediate and Short-term Recommendations 

 

																			
	 Partner
Site #
	 	Forterra
Site #	 	 Street Address
	 	 City
	 	 State
	 	Post Code	 	 Country
	 	Immediate & Short-term
Repairs Total Cost	 	 	 Immediate & Short-term Recommendations

(For additional information, refer to the PCA Section noted 
below)

	24	 	7	 	520 W. Port Street	 	St. Martinwille	 	LA	 	70582	 	USA	 	$	11,850	  	 	 Immediate Repair - Section 3.3.6: Replace property signage.

Immediate Repair - Section 3.3.2: Concrete pavement repair.

Immediate Repair - Section 7.1: Add a van-accessible parking space.

									
	27	 	12	 	2840 West Northside Drive	 	Jackson	 	MS	 	39213	 	USA	 	$	13,000	  	 	 Immediate Repair - Section 3.3.2: Overlay asphalt parking lot.

Short-term Repair - Section 4.4.1: Allowance for metal roof fastener replacement.

									
	28	 	21	 	1340 6th Street	 	Elk River	 	MN	 	55330	 	USA	 	$	10,000	  	 	Immediate Repair - Section 4.3.1: Areas of metal panel siding above the dock doors of the concrete manufacturing “box building” are damaged. Repair of these areas are recommended.
									
	29	 	23	 	401 Michael Street S; and 1025 Cretex Street	 	Hawley	 	MN	 	56549	 	USA	 	$	0	  	 	NA
									
	30	 	22	 	7070 Cretex Avenue	 	Shakopee	 	MN	 	55379	 	USA	 	$	0	  	 	NA
									
	31	 	1	 	1521 South 32nd Street West	 	Billings	 	MT	 	59102	 	USA	 	$	25,700	  	 	 Short-term Repair - Section 3.3.2: Asphalt pavement is raveling and striping is faded. An overlay is recommended at the office parking lot
and access driveway.
 Immediate Repair - Section 3.3.6: The site precast sign at the main entrance is damaged and missing a portion, which shows exposed
reinforcement. Replacement should be conducted.
 Immediate Repair - Section 4.2: Two roll-up door opening were damaged due to a forklift or oversized
vehicle or finishes product passage. The damage was observed on the southwest door opening at the top and also at the top of the east door opening. Determine if door replacement is necessary.

Immediate Repair - Section 4.3.4: Overlap seams in the perimeter wall cap flashing do not have sealant applied to prevent water infiltration. Stained ceiling
tiles were observed in the office restroom along the inside of the exterior wall on the south side. Sealant should be applied which should address the problem.

Short-term Repair - Section 4.2: Damaged insulation was observed at some areas inside the manufacturing building. Replacement or repairs are needed.

Short-term Repair - Section 4.3.1: Some dents in the manufacturing building were observed, and damaged panels should be replaced. The roofing is the same
material as the walls and a significant amount of concrete build-up on the northeast corner of the roof and gutter should be removed.
 Short-term Repair -
Section 4.4.2: Gutter replacement allowance. Gutters on manufacturing building are clogged with concrete and downspouts also need partial replacement.

									
	32	 	26	 	1101 158 Street Northeast	 	Menoken	 	ND	 	58558	 	USA	 	$	0	  	 	NA
									
	33	 	5	 	369 Wiles Road	 	Plattsmouth	 	NE	 	68048	 	USA	 	$	500	  	 	Immediate Repair - Section 7.1: Provide an ADA van-accessible parking space.
									
	34	 	15	 	1500 Haul Rd.	 	Columbus	 	OH	 	43207	 	USA	 	$	500	  	 	Immediate Repair - Sections 3.3.2/7.1: Provide an ADA van-accessible parking space.
									
	35	 	36	 	1504 N. Gettysburg Ave.	 	Dayton	 	OH	 	45417	 	USA	 	$	2,750	  	 	 Short-term Repair - Sectional 4.3.1: Minor replacements metal panels.

Immediate Repair - Sectional 7.1: ADA entrance hardware.

									
	36	 	16	 	7925 Empire Parkway	 	Macedonia	 	OH	 	44056	 	USA	 	$	23,500	  	 	 Immediate Repair - Section 3.3.1: Repair storm drains inside plant bldg.

Immediate Repair - Section 3.3.2:Repair, reseal, restripe asphalt.

Immediate Repair - Section 3.3.3: Repair cracked and damaged concrete noted at walk adjacent to the Plant building offices.

Immediate Repair - Section 3.3.3: Partner observed areas of wall damage to the metal siding along the north and south plant elevations. In addition, a puncture
was noted at the Plant building. Repair of the hole and damaged walls is recommended.
 Immediate Repair - Section 4.3.1: Replace inoperable overhead door
and service door.
 Immediate Repair - Section 4.3.3: Replace/repair insulation/vinyl/concrete floors at plant bldg.

Immediate Repair - Section 7.1: Relocate two existing spaces at the office building, and convert one to van-accessible.

									
	37	 	10	 	6504 S. Interpace	 	Oklahoma City	 	OK	 	73135	 	USA	 	$	8,000	  	 	 Immediate Repair - Section 4.4: Repair active roof leaks.

Immediate Repair - Sectional 4.3: Repair windows.

									
	39	 	25	 	1601 Culvert Street	 	Rapid City	 	SD	 	57701	 	USA	 	$	12,000	  	 	Short-term Repair - Section 4.4.1: Install membrane roofing at boiler bldg.
									
	40	 	29	 	550 Industrial Blvd	 	Sale Creek	 	TN	 	373273	 	USA	 	$	45,000	  	 	 Immediate Repair - Section 4.1: Pit sealant.

Immediate Repair - Section 4.2: CMU block joint repair.
 Immediate
Repair - Section 4.4.1: Roof leak repair.
 Immediate Repair - Section 7.1: Construct ADA accessible entrance path of travel to the building entrance.

Immediate Repair - Section 7.1: Install one standard and one van-accessible parking space.

									
	41	 	22	 	801 Airport Blvd.	 	Austin	 	TX	 	78702	 	USA	 	$	0	  	 	NA
									
	42	 	14	 	2138 Highway 67 South	 	Cedar Hill	 	TX	 	75104	 	USA	 	$	7,500	  	 	Immediate Repair - Section 4.3.1: Replace damaged/deteriorated metal panels at the Concrete Batch Plant building.
									
	43	 	11, 12 & 13	 	1000 N. MacArhur Blvd.	 	Grand Prairie	 	TX	 	75050	 	USA	 	$	0	  	 	NA
									
	46	 	15	 	11710 Chapel Road	 	Hewitt	 	TX	 	76643	 	USA	 	$	35,100	  	 	 Immediate Repair - Section 3.3.2: Portions of the asphalt pavement at the Building 1 office parking areas are deteriorated and require
replacement. Partner recommends that an overlay be performed.
 Immediate Repair - Section 4.3.1: Partner noted that the northeast and southeast walls of the
Management Office building are damaged and in need of repair. Some sections of the wall have separated for the substrate structure and various areas of damaged exterior insulation finishing system (EIFS) were noted, especially adjacent to grade.
Repairs are recommended. Additionally, vine growth was noted at the cladding and should be removed.
 Immediate Repair - Section 4.4.1: According to
management, the Management Office and Sales Office sections of Building 1 roofs have active roof leaks. Although repairs have been attempted in the past, the roofs continue to leak into the office and support areas. Partner recommends retaining a
licensed roofing company to assess and repair the roofs.

									
	47	 	16, 17 & 18	 	11201 FM 529	 	Houston	 	TX	 	77240	 	USA	 	$	0	  	 	NA
									
	50	 	23	 	1624 Marshall St	 	Lubbock	 	TX	 	79415	 	USA	 	$	11,000	  	 	 Short-term Repair - Section 3.3.2: Pavement appears to be in poor structural condition. Extensive linear cracking and pothole formations were
noted throughout the subject property. Repair of the noted area is recommended.
 Short-term Repair - Section 3.3.2: Partner recommends grading and
replenishing gravel at the property.

									
	51	 	21	 	1610 Hwy, 77 South	 	Robstown	 	TX	 	78380	 	USA	 	$	5,000	  	 	Short-term Repair - Section 4.3.1: Partner observed cracks, corrosion and minor impact damage at various exterior cladding locations. Partner recommends that repairs be performed and that the concrete be
repainted.

  
 2 

 PCA Summary of Immediate and Short-term Recommendations 

 

																							
	 Partner
Site #
	 	Forterra
Site #	 	 	 Street Address
	 	 City
	 	 State
	 	Post Code	 	 	 Country
	 	Immediate & Short-term
Repairs Total Cost	 	 	 Immediate & Short-term Recommendations

(For additional information, refer to the PCA Section noted 
below)

	56	 	 	24	  	 	2175 Westwinds Road	 	Bar Nunn	 	WY	 	 	82601	  	 	USA	 	$	0	  	 	NA
									
	63	 	 	NP	  	 	759 Phillips Lane	 	Lexington	 	KY	 	 	40504	  	 	USA	 	$	0	  	 	NA
									
	64	 	 	NP	  	 	313 Downs Boulevard	 	Franklin	 	TN	 	 	37064	  	 	USA	 	$	4,200	  	 	 Short-term Repair - Section 4.3.2: Repair of damaged office windows.

Short-term Repair - Section 4.2.1: Repair step-cracks at CMU walls.

		 				 		 		 		 				 		 	  
	  
	 	 	
		 				 	Total:	 		 		 				 		 	$	507,900	  	 	
		 				 		 		 		 				 		 	  
	  
	 	 	

  
 3 

 SCHEDULE 8.02(A) 

LIST OF STRUCTURAL ENCROACHMENTS 
  

			
	 SITE
	  	 ENCROACHMENT

	SACRAMENTO CA	  	SMALL 20 X 25 1 STY FRAME BLDG 3.2’ AND 0.9’ OVER PROPERTY LINE;
		
	IOWA FALLS IA	  	BUILDINGS 4 & 5 ENCROACH 100’ WIDE ELECTRIC TRANSMISSION LINE EASEMENT UP TO 68 X 90’
		
	ELK RIVER MN	  	 BUILDING 9 (SHED) EXTENDS 10’ INTO ROAD WAY (TO BE VACATED)
  

12.8’ x 8.2’ SHED EXTENDS 1 FOOT OVER PROPERTY LINE

		
	COLUMBUS OH	  	SHED OVER PROPERTY LINE 10.6’
		
	HOUSTON TX	  	BUILDINGS 3, 3A, 3B & 4 ENCROACH OVER SANITARY CONTROL EASEMENT AND BUILDINGS 3B & 5 ENCROACH OVER ELECTRIC EASEMENT

  
 Schedule 8.02 

 SCHEDULE 8.02(B) 

LIST OF NON-STRUCTURAL ENCROACHMENTS 
  

			
	 SITE
	  	 ENCROACHMENT

	MONTGOMERY AL	  	FENCE
		
	CEDAR RAPIDS IA	  	GRAVEL DRIVEWAY OVER PROPERTY LINE
		
	OSKALOOSA KS	  	BOULDERS ENCROACH INTO ROW 19’
		
	ELK RIVER MN	  	 FENCE AND GRAVEL LOT ENCROACH INTO MEADOWVALE ROAD RIGHT OF WAY (TO BE VACATED)

 
 FENCES OVER PROPERTY LINES FROM 0.7’ TO 4.2’

 
 FENCE AND GRAVEL LOT ENCROACHES ONTO ROAD WAY (TO BE VACATED)

		
	MACEDONIA OH	  	CONCRETE AND GRAVEL ENCROACH ONTO ADJOINER PROPERTY
		
	 AUSTIN TX
	  	 WOOD FENCE AND CHAIN LINK FENCES ENCROACH OVER PROPERTY LINES FROM 1.5’ TO 5.1’

		
	 GRAND PRAIRIE TX
	  	 FENCE/STRIPED PARKING CROSS PROPERTY LINE UP TO 50.27’

		
	 LUBBOCK TX
	  	 ASPHALT PARKING OVER PROPERTY LINE 13.6’

  
 Schedule 8.02 

 EXHIBIT A 

LIST OF ADDITIONAL DEMISED PROPERTIES 
  

													
	 	  	 Name of Plant
	  	 Street
	  	 City
	  	 State
	  	 Post Code
	  	 Country

	3	  	 Elk River, MN
	  	 1340 6th Street
	  	 Elk River
	  	MN	  	55330	  	USA
							
	9	  	 Austin Gravity Plant
	  	 801 Airport Blvd.
	  	 Austin
	  	TX	  	78702	  	USA

  
 Exhibit A 

 EXHIBIT A-1 

LOCATION/ADDRESS OF DEMISED PROPERTIES/ADJUSTMENT AMOUNTS 
  

													
	 ADDRESS
	  	 CITY
	  	STATE	  	POSTAL
CODE	  	COUNTRY	  	ADJUSTMENT
AMOUNTS	 
	 1616 Parallel Street
	  	Montgomery	  	AL	  	36104	  	USA	  	 	1.10	% 
	 1300 Bond Street
	  	Little Rock	  	AR	  	72202	  	USA	  	 	1.21	% 
	 501 E. Jefferson South
	  	West Memphis	  	AR	  	72301	  	USA	  	 	2.04	% 
	 12600 W. Northern Avenue
	  	El Mirage	  	AZ	  	85335	  	USA	  	 	3.53	% 
	 7020 Tokay Avenue
	  	Sacramento	  	CA	  	95828	  	USA	  	 	4.49	% 
	 30781 San Diego Street
	  	Shafter	  	CA	  	93263	  	USA	  	 	0.61	% 
	 840 West Avenue
	  	Deland	  	FL	  	32720	  	USA	  	 	3.41	% 
	 55 Dritches Hayes Clary Ave
	  	Gretna	  	FL	  	32332	  	USA	  	 	0.87	% 
	 4043 Family Dollar Parkway
	  	Mariana	  	FL	  	32448	  	USA	  	 	1.62	% 
	 1285 Lucerne Loop Road
	  	Winter Haven	  	FL	  	33881	  	USA	  	 	4.77	% 
	 625 Hancock Industrial Way
	  	Athens	  	GA	  	30605	  	USA	  	 	1.11	% 
	 223 John Davenport Drive
	  	Rome	  	GA	  	30165	  	USA	  	 	0.91	% 
	 3921 J Street Southwest
	  	Cedar Rapids	  	IA	  	52404	  	USA	  	 	0.42	% 
	 540 Country Club Road
	  	Iowa Falls	  	IA	  	50126	  	USA	  	 	1.63	% 
	 2002 East Olive Street
	  	Marshalltown	  	IA	  	50158	  	USA	  	 	0.96	% 
	 4416 Prairie Hill Road
	  	South Beloit	  	IL	  	61080	  	USA	  	 	5.23	% 
	 23600 West 40th Street
	  	Bonner Springs	  	KS	  	66226	  	USA	  	 	1.52	% 
	 5150 US Highway 59
	  	Oskaloosa (Lawrence)	  	KS	  	66066	  	USA	  	 	1.00	% 
	 759 Phillips Lane and 760 Phillips Lane
	  	Lexington	  	KY	  	40504	  	USA	  	 	1.09	% 
	 13201 Old Gentilly Road
	  	New Orleans	  	LA	  	70150	  	USA	  	 	2.03	% 
	 520 W. Port Street
	  	St. Martinville	  	LA	  	70582	  	USA	  	 	1.39	% 
	 1340 6th Street
	  	Elk River	  	MN	  	55330	  	USA	  	 	2.18	% 
	 401 Michael Street S; and 1025 Cretex Street
	  	Hawley	  	MN	  	56549	  	USA	  	 	0.90	% 
	 7070 Cretex Avenue
	  	Shakopee	  	MN	  	55379	  	USA	  	 	1.24	% 
	 2840 W. Northside Drive
	  	Jackson	  	MS	  	39213	  	USA	  	 	1.46	% 
	 1521 South 32nd Street West
	  	Billings	  	MT	  	59102	  	USA	  	 	0.58	% 
	 1101 158 Street Northeast
	  	Menoken	  	ND	  	58558	  	USA	  	 	0.62	% 
	 369 Wiles Road
	  	Plattsmouth	  	NE	  	68048	  	USA	  	 	0.53	% 
	 1500 Haul Road
	  	Columbus	  	OH	  	43207	  	USA	  	 	3.60	% 
	 1504 N. Gettysburg Avenue
	  	Dayton	  	OH	  	45417	  	USA	  	 	2.16	% 
	 7925 Empire Parkway
	  	Macedonia	  	OH	  	44056	  	USA	  	 	1.76	% 
	 6504 South Interpace
	  	Oklahoma City	  	OK	  	73135	  	USA	  	 	1.35	% 
	 1601 Culvert St
	  	Rapid City	  	SD	  	57701	  	USA	  	 	2.38	% 
	 550 Industrial Boulevard
	  	Sale Creek	  	TN	  	37304	  	USA	  	 	2.06	% 
	 313 Downs Boulevard
	  	Franklin	  	TN	  	37064	  	USA	  	 	1.34	% 
	 801 Airport Blvd
	  	Austin	  	TX	  	78702	  	USA	  	 	1.72	% 
	 2138 Highway 67 South
	  	Cedar Hill	  	TX	  	75104	  	USA	  	 	1.83	% 
	 1000 N. MacArthur Blvd
	  	Grand Prairie	  	TX	  	75050	  	USA	  	 	19.06	% 
	 11710 Chapel Road
	  	Hewitt	  	TX	  	76643	  	USA	  	 	2.71	% 
	 11201 FM 529
	  	Houston	  	TX	  	77240	  	USA	  	 	7.84	% 
	 1624 Marshall Street
	  	Lubbock	  	TX	  	79415	  	USA	  	 	2.56	% 
	 1610 Highway 77 South
	  	Robstown	  	TX	  	78380	  	USA	  	 	1.03	% 
	 2175 Westwinds Road
	  	Bar Nunn	  	WY	  	82601	  	USA	  	 	0.15	% 
		  		  		  		  		  	  
	  
	 
		  		  		  		  		  	 	100.00	% 
		  		  		  		  		  	  
	  
	 

  
 Exhibit A-1 

 EXHIBIT I 

LEGAL DESCRIPTION OF REMAINING ELK RIVER PROPERTY 

Parcel 1: That part of Meadowvale Road, also known as Military Road, as shown on the plat of AUDITOR’S SUBDIVISION NO. 3, which adjoins Lots 11, 12, 13,
14, and 15 of said AUDITOR’S SUBDIVISION NO. 3 and which lies East of the extension North of the East line of Upland Ave. NW, also known as County Highway No. 44, and identified as an “Exception” area on the Survey by Ultieg Engineers
Inc. dated 4-12-2016 as Project No. 15-12-008:008. 
 Parcel 2: That part of Industrial Road which lies West of the extension North of the West line of
Quinn Avenue, located over, under and across part of Lot 8, AUDITORS SUBDIVISION NO. 3, and identified as an “Exception” area on the Survey by Ultieg Engineers Inc. dated 4-12-2016 as Project No. 15-12-008:008. 

Parcel 3: The easement for street and roadway purposes within Lot 8, AUDITORS SUBDIVISION NO. 3 described in Document No. 98442 on file in the office of
the County Recorder in said Sherburne County, and identified as an “Exception” area on the Survey by Ultieg Engineers Inc. dated 4-12-2016 as Project No. 15-12-008:008. 

  
 Exhibit IEX-10.11

 Exhibit 10.11 

MASTER 
 LAND AND
BUILDING LEASE 
 between 

FORT-NOM HOLDINGS (ONQC) INC., 

a British Columbia corporation, 

as LANDLORD 
 and

 Forterra Pipe & Precast, Ltd., 

an Ontario corporation, 

Forterra Pressure Pipe, Inc., 

a Quebec corporation, and 

Forterra Pipe & Precast Québec, Ltd., 

a Québec corporation 

as TENANT 

April 5, 2016 

 INDEX TO MASTER LAND AND BUILDING LEASE 

 

							
	 ARTICLE 1
	 	 DEMISE OF PREMISES
	  	 	2	  
			
	 ARTICLE 2
	 	 TERM
	  	 	2	  
			
	 ARTICLE 3
	 	 RENT
	  	 	3	  
			
	 ARTICLE 4
	 	 USE
	  	 	7	  
			
	 ARTICLE 5
	 	 ACCEPTANCE OF DEMISED PROPERTIES
	  	 	8	  
			
	 ARTICLE 6
	 	 ALTERATIONS
	  	 	9	  
			
	 ARTICLE 7
	 	 REPAIRS AND MAINTENANCE
	  	 	10	  
			
	 ARTICLE 8
	 	 COMPLIANCE WITH LAW
	  	 	10	  
			
	 ARTICLE 9
	 	 DISCLAIMER AND INDEMNITIES
	  	 	10	  
			
	 ARTICLE 10
	 	 INSURANCE
	  	 	11	  
			
	 ARTICLE 11
	 	 DAMAGE OR DESTRUCTION
	  	 	14	  
			
	 ARTICLE 12
	 	 EXPROPRIATION
	  	 	16	  
			
	 ARTICLE 13
	 	 FINANCIAL AND REPORTING COVENANTS
	  	 	17	  
			
	 ARTICLE 14
	 	 INTENTIONALLY OMITTED
	  	 	18	  
			
	 ARTICLE 15
	 	 EVENTS OF DEFAULT
	  	 	18	  
			
	 ARTICLE 16
	 	 FORCE MAJEURE
	  	 	21	  
			
	 ARTICLE 17
	 	 NOTICES
	  	 	22	  
			
	 ARTICLE 18
	 	 ACCESS
	  	 	22	  
			
	 ARTICLE 19
	 	 SIGNS
	  	 	23	  
			
	 ARTICLE 20
	 	 IMPROVEMENTS AND BUILDING EQUIPMENT; TENANT EQUIPMENT
	  	 	23	  
			
	 ARTICLE 21
	 	 END OF TERM; HOLDING OVER
	  	 	24	  
			
	 ARTICLE 22
	 	 TENANT ASSIGNMENT AND SUBLETTING
	  	 	25	  
			
	 ARTICLE 23
	 	 FINANCINGS
	  	 	26	  
			
	 ARTICLE 24
	 	 ESTOPPEL CERTIFICATES
	  	 	27	  
			
	 ARTICLE 25
	 	 REGISTRATION
	  	 	27	  
			
	 ARTICLE 26
	 	 APPLICABLE LAW; JURISDICTION
	  	 	28	  
			
	 ARTICLE 27
	 	 LIABILITY OF PARTIES
	  	 	29	  
			
	 ARTICLE 28
	 	 ATTORNEYS’ FEES; EXPENSES
	  	 	29	  
			
	 ARTICLE 29
	 	 ENVIRONMENTAL
	  	 	29	  
			
	 ARTICLE 30
	 	 LANDLORD ASSIGNMENT
	  	 	31	  
			
	 ARTICLE 31
	 	 REPLACEMENTS
	  	 	33	  
			
	 ARTICLE 32
	 	 GUARANTY
	  	 	34	  
			
	 ARTICLE 33
	 	 LANDLORD’S RIGHTS UNDER LEASE
	  	 	35	  
			
	 ARTICLE 34
	 	 RIGHT OF FIRST REFUSAL
	  	 	35	  
			
	 ARTICLE 35
	 	 EXISTING LOANS
	  	 	36	  
			
	 ARTICLE 36
	 	 INTERPRETATION; MISCELLANEOUS
	  	 	37	  
			
	 ARTICLE 37
	 	 QUIET ENJOYMENT
	  	 	37	  

  

					
		 	-i-	 	MASTER LAND AND BUILDING LEASE

							
	 ARTICLE 38
	 	 NO MERGER OF TITLE
	  	 	38	  
			
	 ARTICLE 39
	 	 BROKERS
	  	 	38	  
			
	 ARTICLE 40
	 	 LANGUAGE
	  	 	38	  
			
	 ARTICLE 41
	 	 PROVINCE SPECIFIC PROVISIONS
	  	 	38	  

  

			
	 Schedule 1
	 	 Defined Terms

		
	 Schedule 2
	 	 Original Building Equipment

		
	 Schedule 4.04
	 	 Violations of Law

		
	 Schedule 4.05
	 	 List of Open Building Permits, ESA Notices and Municipal Agreements

		
	 Schedule 7.02
	 	 List of Required Repairs

		
	 Exhibit A-1
	 	 Location/Address of Demised Properties; Adjustment Amounts

		
	 Exhibit A-2
	 	 US Demised Properties

		
	 Exhibit B
	 	 Method of CPI Adjustment for Option Period Base Rent

		
	 Exhibit C
	 	 Form of SNDA

		
	 Exhibit D
	 	 Form of Tenant’s Estoppel Certificate

		
	 Exhibit E-1
	 	 Form of Notice of Lease (Ontario)

		
	 Exhibit E-2
	 	 Form of Notice of Lease (Québec)

		
	 Exhibit G
	 	 Form of Guaranty

		
	 Exhibit H
	 	 Form of Collateral Access Agreement

  

					
		 	-ii-	 	MASTER LAND AND BUILDING LEASE

 MASTER 

LAND AND BUILDING LEASE 

THIS MASTER LAND AND BUILDING LEASE (this “Lease”) is made and entered into as of April 5, 2016 (the
“Commencement Date”), by and among FORT-NOM HOLDINGS (ONQC) Inc., a British Columbia corporation (“Landlord”) and Forterra Pipe & Precast, Ltd. (previously known as HBP Pipe &
Precast, Ltd.), an Ontario corporation, Forterra Pressure Pipe, Inc. (previously known as HBP Pressure Pipe, Inc.), a Quebec corporation, and Forterra Pipe & Precast Québec, Ltd. (previously known as HBP Pipe & Precast
Québec Ltd.), a Québec corporation (individually and collectively, jointly and severally, “Tenant”). 

R E C I T A L S 
 A.
Landlord owns (i) title to the land identified on Exhibit A-1 attached hereto (collectively, the “Land”) and (ii) all improvements and other structures located on any of the Land; any rights of way,
easements, parking covenants, entitlements, privileges and other rights appurtenant to the Land, including regarding any street adjoining any portion of the Land and any air and development rights related to the Land; and any and all fixtures at or
on the Land, including all of the machinery, equipment and systems at or on any of the Land and overhead cranes and other cranes which are integrated into the building structures (collectively, “Building Equipment”), and the
movable Building Equipment currently located on the Demised Properties as set forth on Schedule 2 attached hereto and made a part hereof (collectively, the “Original Movable Building Equipment”), including electrical,
plumbing, heating, ventilation and air conditioning machinery and fire sprinklers and fire suppression equipment (but specifically excluding any such items that are not “fixtures” pursuant to applicable law, and any equipment or fixtures
associated with Tenant’s manufacturing business, whether or not such equipment is bolted in place for safety or operational purposes, including but not limited to, jib cranes, batch plants, cement silos, production equipment, forms, and any
other pipe manufacturing equipment, which are the property of Tenant): (all of the foregoing in this clause (ii), collectively, “Improvements”). The Land and all Improvements thereon are collectively referred to herein as
“Demised Properties” and each individually as a “Demised Property.” 
 B. The personal
property, fixtures, equipment and other items of personal property (whether or not attached to the Improvements) owned or leased by Tenant located at any Demised Property and used in connection with the operation of the business at the Demised
Properties (other than the Building Equipment but including display cases, counters, shelves, racks and billboards, cranes, batch plants, cement silos, production equipment, forms, and any other pipe manufacturing equipment regardless of whether any
of the foregoing constitute “fixtures” pursuant to applicable Law) are referred to herein collectively as the “Tenant Equipment.” The term “Tenant Equipment” shall include without limitation, with respect
to the Demised Properties, all of the foregoing, whether now or hereafter owned or acquired by Tenant, or in which Tenant has any interest (whether unattached or attached by bolts and screws and/or by utility connections or otherwise), and all
additions to, substitutions for and replacements of the foregoing in this Recital B. 
 C. Tenant desires to lease from Landlord, and
Landlord desires to lease to Tenant, the Demised Properties so that Tenant may, in accordance with and subject to the terms, conditions and restrictions of this Lease, operate (or cause the operation of) each Demised Property. 

D. Notwithstanding any other provision of this Lease, this Lease constitutes a single and indivisible lease of all the Demised Properties
collectively, and is not an aggregation of leases for the separate Demised Properties. Neither Landlord nor Tenant would have entered into this Lease except as a 

  

					
		 	-1-	 	MASTER LAND AND BUILDING LEASE

 
single and indivisible lease, and the rental herein has been established on the basis of the specific structure of the subject transaction and the economic benefits and risk profile of the
transaction as a whole, and not based on the valuation or price of any individual Demised Property. Tenant’s rights to any one Demised Property are dependent on Tenant’s full performance of its obligations as to every other Demised
Property, and consideration supporting any agreements under this Lease regarding any Demised Property also supports the agreements under this Lease regarding all other Demised Properties. 

NOW, THEREFORE, in consideration of the lease of the Demised Properties and the rents, covenants and conditions herein set forth, and with
reference to the definitions of various terms used herein as set forth on Schedule 1 hereto, Landlord and Tenant do hereby covenant, promise and agree as follows: 
  

	ARTICLE 1	DEMISE OF PREMISES 

 Subject to the terms and conditions contained herein,
Landlord does hereby lease unto Tenant, and Tenant does hereby lease from Landlord, for the term hereinafter provided in Article 2, the Demised Properties set forth on Exhibit A-1 (the “Demised Properties”) for
the use thereof by Tenant and Tenant’s employees, customers and invitees. 
  

	ARTICLE 2	TERM 

 Section 2.01 

(a) This Lease shall commence on the Commencement Date and terminate on April 4, 2036 (the “Original Lease Term”),
unless sooner terminated as hereinafter set forth. The “Lease Term,” as such term is used herein, means the Original Lease Term as extended (or as may be extended) pursuant to Section 2.02 below, unless sooner
terminated as hereinafter set forth. 
 (b) This Lease shall be deemed to be in full force and effect upon the Commencement Date. Tenant
shall be deemed to be in possession of the Demised Properties upon the Commencement Date. 
 Section 2.02 

(a) Tenant shall have the ability to extend the Lease Term for one (1) option period (the “Option Period”) upon
and subject to the terms set forth below in this Section 2.02. The Option Period shall commence at the expiration of the Original Lease Term. The Option Period shall continue for a period of nine (9) years and eleven
(11) months from and after the commencement date of the Option Period, and Tenant shall extend the Lease Term for all of the Demised Properties subject to this Lease at the time of Tenant’s exercise of such option, and in no event shall
Tenant have the right to extend the Lease Term for only a portion of the Demised Properties subject to this Lease at the time of Tenant’s exercise of such option. Except as otherwise expressly provided herein, all of the terms and conditions of
this Lease applicable to the Original Lease Term shall continue to apply during the Option Period. In no event shall Tenant have any options to extend the Lease Term except as expressly provided herein. 

(b) Provided that (i) Tenant shall not have delivered a Non-Renewal Notice (as hereinafter defined) on or prior to the expiration of the
Original Lease Term and (ii) this Lease shall not have been terminated pursuant to any provision hereof, then on the expiration of the Original Lease Term, the Lease Term shall be deemed to have been automatically extended for the Option
Period. Notwithstanding the foregoing, if the conditions in (i) and (ii) hereinabove shall have been satisfied, but 

  

					
		 	-2-	 	MASTER LAND AND BUILDING LEASE

 
an Event of Default occurs and is continuing prior to the commencement of the Option Period, Landlord shall have the option (without limiting any other remedies available to Landlord under this
Lease, at law or in equity) to cancel the Option Period upon notice thereof to Tenant (provided, such notice is delivered to Tenant prior to Tenant’s cure, if any, of such Event of Default, and such cure is recognized by Landlord,
notwithstanding that Landlord is under no obligation to recognize any such cure after an Event of Default has occurred), and upon the giving of such notice to Tenant, the Option Period shall be deemed null and void and of no further force and
effect. As used herein, the term “Non-Renewal Notice” means a notice, in writing, delivered to Landlord no later than twelve (12) months prior to the expiration date of the Original Lease Term stating that Tenant does
not wish to extend the Lease Term for the Option Period. 
 (c) Without limiting anything contained in Section 36.02 hereof,
time is of the strictest essence in the performance of each provision of this Section 2.02. Either party, upon request of the other, shall execute and acknowledge, in form suitable for registration, an instrument confirming the Option
Period, with Tenant paying all applicable recording costs. 
  

	ARTICLE 3	RENT 

 Section 3.01 Rent. Tenant shall pay all Base Rent
and Additional Rent for the Demised Properties, from and after the Commencement Date and thereafter throughout the Lease Term, without offset, deduction, or abatement, except as may be otherwise expressly provided herein. Notwithstanding the
foregoing, any amounts due by Tenant to Landlord hereunder for which no due date is expressly specified herein shall be due within thirty (30) days following the delivery to Tenant by Landlord of written notice of such amounts due. Except as
otherwise expressly provided herein, in the event of nonpayment by Tenant of any Rent, Landlord shall have the same rights and remedies in respect thereof regardless of whether such Rent is Base Rent or Additional Rent. All payments of Rent due to
Landlord shall be paid to Landlord (at its election from time to time) in one of the following manners: (a) by electronic deposit into an account designated by Landlord (a “Landlord’s Account”), (b) by mail at
Landlord’s address set forth in Article 17, or (c) by mail to any other place in the United States or Canada designated by Landlord upon at least twenty (20) days’ prior written notice to Tenant. 

Section 3.02 Base Rent. 

(a) The following terms shall have the following meanings: 

(i) “CPI” means the United States Department of Labor, Bureau of Labor Statistics, Consumer Price
Index, All Urban Consumers, United States City Average, All Items, (1982-84=100) or the successor index that most closely approximates such index. If the United States Department of Labor, Bureau of Labor Statistics, Consumer Price Index, All Urban
Consumers, United States City Average, All Items, (1982-84=100) shall be discontinued with no successor or comparable successor index, Landlord and Tenant shall attempt to agree upon a substitute index or formula, but if they are unable to so agree,
then the matter shall be determined by arbitration in accordance with the rules of the American Arbitration Association then prevailing in New York City. Any decision or award resulting from such arbitration shall be final and binding upon Landlord
and Tenant and judgment thereon may be entered in any court of competent jurisdiction. 
 (ii) “Fair Market Rental
Value” means the fair market value of the Demised Properties as determined by an appraisal of the Demised Properties, taking into consideration all relevant factors, prepared by an independent appraiser member of the Appraisal Institute
of Canada who is mutually satisfactory to Landlord and Tenant with not less than ten (10) years experience appraising properties similar to the Demised Properties in the metropolitan areas in which the Demised Properties are located (an
“Appraiser”). 

  

					
		 	-3-	 	MASTER LAND AND BUILDING LEASE

 (iii) “Initial Base Date” means: (A) if the
Commencement Date is the first day of a calendar month, the Commencement Date, and (B) if the Commencement Date is other than the first day of a calendar month, the first day of the first calendar month occurring after the Commencement Date.

 (iv) “Initial Adjustment Dates” means, collectively, each anniversary of the Initial Base Date,
through and including the nineteenth (19th) anniversary of the Initial Base Date. 

(v) “Initial Base Rent Escalation” means two percent (2.0%). 

(vi) “Option Period Base Date” means, in the event the Non-Renewal Notice is not duly and timely given,
as provided in Article 2, the twentieth (20th) anniversary of the Initial Base Date. 

(vii) “Option Period Adjustment Date” means, collectively, each anniversary of the Option Period Base
Date, through and including the ninth (9th) anniversary of the Option Period Base Date. 

(b) The initial Base Rent for the Demised Properties for the Lease Term shall be $ 3,546,384.00 per annum ($295,531.98 per month),
denominated in Canadian Dollars, as increased as hereinafter provided (“Base Rent”). Tenant shall pay to Landlord Base Rent, in advance, without demand therefor, on or before the first day of each and every calendar month
during the Lease Term, and if the Commencement Date is not the first day of a calendar month, Tenant shall pay to Landlord pro-rated Base Rent on the Commencement Date for the partial calendar month in which the Commencement Date occurs. 

(c) Subject to the terms of this Section, (i) on each of the Initial Adjustment Dates, the Base Rent shall increase by the Initial Base
Rent Escalation, and such increased Base Rent shall apply for the ensuing one-year period; (ii) on the Option Period Base Date, the Base Rent shall be recalculated to equal the greater of (x) ninety-five percent (95%) of the Fair
Market Rental Value of the Demised Properties, and (y) the annual Base Rent that would have been in effect as of the Option Period Base Date if the Base Rent had been increased in accordance with the methodology set forth in Exhibit B
attached hereto, and such recalculated Base Rent shall apply for the ensuing one-year period, (iii) on each of the Option Period Adjustment Dates, the Base Rent shall increase in accordance with the methodology set forth in Exhibit B
attached hereto and made a part hereof (the “Option Period Base Rent Escalation”), and such increased Base Rent shall apply for the ensuing one-year period. Notwithstanding the foregoing, in no event shall the new Base Rent
adjusted by the Option Period Base Rent Escalation be less than the Base Rent for the prior Lease Year. 
 (d) In the event the Non-Renewal
Notice is not duly and timely given, as provided in Article 2, Landlord shall, no later than three hundred (300) days prior to the commencement of the Option Period, calculate the Base Rent for the first year of the Option Period in
accordance with clause (c)(ii) above, with the determination of the Fair Market Rental Value of the Demised Properties calculated in accordance with clause (e) below. 

(e) In the event the Original Lease Term is extended pursuant to Section 2.02(a), then Landlord and Tenant shall attempt in good
faith for a period of ten (10) days to agree upon a single 

  

					
		 	-4-	 	MASTER LAND AND BUILDING LEASE

 
Appraiser; and if Landlord and Tenant are so able to agree, the determination by such single Appraiser of a Fair Market Rental Value for the Demised Properties for the first year of the Option
Period shall be final and binding on the parties. If Landlord and Tenant are unable to agree upon a single Appraiser within the above-stated ten (10) day period, then the following procedures shall apply: 

(i) Within seven (7) days after the conclusion of the ten (10) day period, each party shall submit to the other party
an independent third-party Appraiser who must satisfy the qualifications for an Appraiser in this Lease, and neither of whom (1) may be a present or former employee or business associate (or a relative of any such employee or business
associate) of either Landlord or Tenant, or (2) shall have any other financial or economic interest in, or relationship with, Landlord or Tenant. 

(ii) The two Appraisers so selected shall promptly proceed to determine the Fair Market Rental Value of the Demised Properties
(considering the other terms of this Lease) for the first year of the Option Period; and if the two Appraisers so selected are unable to agree on the Fair Market Rental Value but the appraisals are not more than ten percent (10%) apart,
computed from the base of the higher appraisal, the two appraisals shall be averaged and the average shall constitute the Fair Market Rental Value of the Demised Properties for the first year of the Option Period. If the appraisals differ by more
than ten percent (10%), such two Appraisers shall select a third Appraiser (who must satisfy the qualifications for an Appraiser in this Lease); and if the two Appraisers are unable to agree upon a third Appraiser within fifteen (15) days, then
they shall in lieu thereof each select the names of two willing persons qualified to be Appraisers hereunder and from the four persons so named, one name shall be drawn by lot by a representative of Landlord in the presence of a representative of
Tenant, and the person whose name is so drawn shall be the third Appraiser. The third Appraiser shall, within fifteen (15) days after having been selected, render his or her opinion of which of the amounts proposed by the original two
Appraisers most closely represents the actual Fair Market Rental Value of the Premises for the first year of the Option Period, and the amount so selected by the third Appraiser shall be the Fair Market Rental Value of the Premises for the first
year of the Option Period. Landlord and Tenant shall each pay the fees of their respective Appraisers, and the fee of the third Appraiser shall be shared equally between Landlord and Tenant. 

Section 3.03 Additional Rent. 

(a) If by applicable Law, any general or special assessment or like charge may be paid in installments without any penalty whatsoever, then
such assessment may be paid in such installments, and Tenant shall only be liable for the portion thereof that is allocable or attributable to the Lease Term or any portion thereof. If such assessment or charge may be payable in installments with
interest, Tenant may pay such assessment or charge in installments, together with all interest thereon. 
 (b) Tenant shall pay all Real
Estate Taxes for the Demised Properties directly to the collecting authority prior to the delinquency date thereof. Within thirty (30) days after Tenant has received evidence from any collecting authority that such Real Estate Taxes have been
paid, Tenant shall also provide Landlord with a copy of such evidence that such Real Estate Taxes were paid. Nothing in this Lease shall obligate Tenant to pay any estate, inheritance, franchise, income or similar taxes of Landlord nor shall any of
same be deemed Real Estate Taxes, unless the same shall be specifically imposed in substitution for, or in lieu of, Real Estate Taxes. If Tenant fails to pay to the collecting authority any Real Estate Taxes when due hereunder, then Tenant shall,
without limiting any other remedies available to Landlord, reimburse Landlord for any and all penalties or interest, or portion thereof, paid or incurred by Landlord as a result of such nonpayment or late payment by Tenant. Without limitation of the
foregoing, Tenant shall deposit with Landlord, no later than thirty (30) days prior to the 

  

					
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end of the Lease Term, an amount sufficient to pay unpaid Real Estate Taxes and other accrued liabilities that will encumber the Demised Properties after the end of the Lease Term, to the extent
that Real Estate Taxes and such other liabilities have accrued and will accrue through the end of the Lease Term. Landlord shall segregate all such deposits from its other funds and use such deposits solely to pay such accrued liabilities as they
come due. All collecting authorities shall be instructed to send all invoices for Real Estate Taxes to Tenant. In the event any collecting authority sends the invoices to Landlord instead of Tenant, Landlord shall promptly forward such invoices to
Tenant. If Landlord receives any notices of assessment from any Governmental Authority for any of the Demised Properties, Landlord shall promptly forward a copy of such notices of assessment to Tenant. 

(c) Provided that there shall be no Event of Default occurring at the time in question, Tenant shall have the right to undertake an action or
proceeding against the applicable collecting authority seeking an abatement of Real Estate Taxes or a reduction in the valuation of the Demised Properties and/or contest the applicability of any Real Estate Taxes (including, without limitation, a
reduction in the value of any Demised Properties); provided, however, that Tenant delivers to Landlord prior written notice of any such action or proceeding by Tenant, and that Tenant has paid timely (and continues to pay timely) all Real Estate
Taxes as provided in this Lease to the extent required by applicable Law. In any instance where any such permitted action or proceeding is being undertaken by Tenant, (i) Landlord shall cooperate reasonably with Tenant, at no cost or expense to
Landlord, execute any and all documents approved by Landlord and reasonably required in connection therewith, and, to the extent required by the collecting authority, agrees to file at Tenant’s request any action or proceeding against the
collecting authority in its own name, and (ii) Tenant shall provide Landlord with all information reasonably requested by Landlord with respect to such action or proceeding within ten (10) days after receipt of Landlord’s written
request. Tenant shall be entitled to any refund (after the deduction therefrom of all expenses incurred by Landlord in connection therewith) of any Real Estate Taxes (including penalties or interest thereon) received by Tenant or Landlord, whether
or not such refund was a result of actions or proceedings instituted by Tenant, to the extent such refund relates to Real Estate Taxes that are the responsibility of Tenant pursuant to this Section 3.03. 

(d) Tenant shall be solely responsible for, and shall pay directly to the applicable service providers, the cost of all utility services
provided to the Demised Properties throughout the Lease Term. Notwithstanding the foregoing, upon the occurrence of both of the following events, Tenant shall pay to Landlord the cost of any and all utility services provided to the Demised
Properties in lieu of payment directly to the applicable service providers: (i) delivery to Tenant of a written request therefor from Landlord, and (ii) the existence of any Default under this Section 3.03(d) by Tenant, or any
Event of Default. Funds paid by Tenant to Landlord pursuant to the immediately preceding sentence shall be used only for the payment of the cost of utility services to the Demised Properties. If Tenant fails to pay the appropriate party (Landlord or
the service providers, as provided herein) all such costs when due hereunder, then Tenant shall, without limiting any other remedies available to Landlord, reimburse Landlord for any and all penalties or interest, or portion thereof, paid or
incurred by Landlord as a result of such nonpayment or late payment by Tenant. 
 (e) Without limiting any of Tenant’s other
obligations set forth in this Article, Tenant shall pay to Landlord, with each payment due to Landlord hereunder (and as a part of Rent due hereunder), all sales and excise tax on rental income and all other similar taxes imposed with respect to
rental or other payments under this Lease relating to the Demised Properties in the nature of a sales tax, franchise taxes (subject to Section 3.03(e)(ii)), gross receipts tax imposed in lieu of sales tax, occupancy tax, commercial rents
tax or the like, whether imposed by a federal, provincial or local taxing authority (including, without limitation, goods and services tax and harmonized sales tax payable pursuant to the Excise Tax Act (Canada) and Québec sales taxes
payable pursuant to An Act respecting the Québec sales tax). To the extent permitted by applicable Law, Tenant may pay any such tax directly to the taxing 

  

					
		 	-6-	 	MASTER LAND AND BUILDING LEASE

 
authority, provided Tenant, within ten (10) days after any such payment, delivers to Landlord written evidence reasonably satisfactory to Landlord that such payment has been made. For the
avoidance of doubt, Tenant shall not be responsible for (i) any income taxes imposed on Landlord, (ii) any franchise taxes of Landlord measured by net income or net worth or relating to properties owned by Landlord and not applicable to
this Lease, or (iii) any transfer taxes imposed with respect to the sale, exchange or other disposition by Landlord, in whole or in part, of the Demised Properties or Landlord’s interest in this Lease. 

 

	ARTICLE 4	USE 

 Section 4.01 Tenant shall use the Demised Properties for,
and shall not suffer or permit any Person (including any subtenant) to use any of the Demised Properties other than for any Permitted Uses, and the Demised Properties shall be used for no other purpose without the prior written consent of Landlord,
which approval may be granted or withheld in the reasonable discretion of Landlord. 
 Section 4.02 Notwithstanding any
other provision of this Article, Tenant shall not use, or suffer or permit any Person (including any subtenant) to use, the Demised Properties or any portion thereof for any purpose in violation of any applicable Law, or in violation of any
registered covenants or restrictions. From the Commencement Date and thereafter throughout the Lease Term, Tenant shall conduct its business in a commercially reasonable and reputable manner with respect to each of the Demised Properties and in
compliance with the terms and provisions of this Lease. Tenant covenants not Abandon any Demised Property, except in accordance with the terms hereof. Tenant shall be permitted to Abandon any Demised Property (i) if such Demised Property is
being Abandoned as a result of the merger or consolidation of any such Demised Property with another property owned, leased or utilized by Tenant or any Affiliate thereof, or (ii) for any reason other than the reason set forth in clause (i), in
either case, so long as the total number of such Abandoned Demised Properties, together with all other Replaced Properties, shall not exceed the Replacement Cap (as hereinafter defined); and provided that, in either case, (a) Tenant provides
Landlord with thirty (30) days prior written notice of its intent to Abandon any Demised Property and (b) Tenant shall replace any such Abandoned Demised Property with a Replacement Property, in accordance with Article 31, no later
than the earlier of (y) twelve (12) months after any such Demised Property is first Abandoned and (z) the date on which the existing use of such Demised Property (as of the date hereof) would no longer be permitted by Law (including
pursuant to the terms of any special use permit) by virtue of the discontinuance of such use at such Demised Property. Notwithstanding anything to the contrary contained herein, Tenant shall be permitted to cease operations at no more than twenty
five percent (25%) of the total number of Demised Properties for no more than thirty six (36) consecutive months for each such Demised Property and such temporary cessation shall not be deemed and Abandonment of any such Demised Property;
provided, (x) Tenant notifies Landlord of such temporary cessation, (y) Tenant, during such period, continues to maintain any such Demised Property and all Building Equipment located thereon in good working order and condition, as if such
Building Equipment and Demised Property were regularly utilized and (z) such cessation would not result in the existing use of such Demised Property (as of the date hereof) no longer being permitted by Law (including pursuant to the terms of
any special use permit). The character of the occupancy of the Demised Properties is an additional consideration and a material inducement for the granting of this Lease by Landlord to Tenant. 

Section 4.03 Notwithstanding anything to the contrary contained herein, Tenant shall be permitted to move any of the
Original Movable Building Equipment, or any other movable Building Equipment located on any of the Demised Properties from and after the date hereof, off of the applicable Demised Property where it currently or, in the future, resides to any other
facility owned, leased or utilized by Tenant or an Affiliate thereof (each such move shall be referred to herein as an “Equipment Relocation”); provided, (i) such Equipment Relocation is done in the ordinary course of
Tenant’s 

  

					
		 	-7-	 	MASTER LAND AND BUILDING LEASE

 
business, and (ii) Tenant shall ensure that substantially the same number and general type of Original Movable Building Equipment is located at each Demised Property at the expiration (or
sooner termination) of the Lease Term and is operational in substantially the same manner and at substantially the same capacity as was present on each Demised Property as of the date hereof, as evidenced by the list of Original Movable Building
Equipment set forth on Schedule 2 (the result being that the Building Equipment located on the Demised Properties at the expiration (or sooner termination) of the Lease Term shall reflect substantially the same number and general type of
Building Equipment as would otherwise be present thereon if the Original Movable Building Equipment had never been subject to an Equipment Relocation. 

Section 4.04 Promptly following the Commencement Date, Tenant covenants to take such reasonable actions and efforts to cure
the violations noted in Schedule 4.04 attached hereto and made a part hereof, and to diligently and in good faith proceed with and continue the curing of such violations until fully cured. Upon such cure, Tenant shall provide evidence
reasonably satisfactory to Landlord that such violations have been cured. 
 Section 4.05 Promptly following the
Commencement Date, Tenant covenants to proceed in good faith and diligently take such reasonable actions and efforts to: (i) enable the applicable Governmental Authority to close the building permits and the Electrical Safety Authority notices
set out in Part A of Schedule 4.05 attached hereto; (ii) comply with the requirements of the City of Ottawa’s Emergency and Protective Service Department (Parking Enforcement Unit) (the “EPS Department”) relating to
the registration of a fire lane in accordance with the agreement described in Part B of Schedule 4.05 attached hereto; and (iii) comply with the requirements of the Ministère du Développement Durable, de
l’Environnement et de la Lutte contre les Changements Climatiques du Québec (the “MDDEL”) relating to the construction of a 10-metre shoreline protection strip around a watercourse in accordance with the non-conformity
notice (avis de non-conformité) described in Part C of Schedule 4.05 attached hereto. Upon the closure of each permit or notice described in Part A of Schedule 4.05 attached hereto, the satisfaction of the EPS
Department’s fire lane requirements in accordance with the agreement described in Part B of Schedule 4.05 attached hereto or the satisfaction of the MDDEL’s 10-metre shoreline protection strip requirements in accordance with the
non-conformity notice (avis de non-conformité) described in Part C of Schedule 4.05 attached hereto, Tenant shall provide evidence reasonably satisfactory to Landlord that such permit or notice has been closed or that compliance
with the EPS Department’s fire lane requirements or MDDEL’s 10-metre shoreline protection strip requirements has been achieved, as applicable. 

Section 4.06 Without limitation, no provision of this Article 4 shall limit any of the covenants of Tenant contained
in Article 22. 
  

	ARTICLE 5	ACCEPTANCE OF DEMISED PROPERTIES 

 Tenant hereby represents, warrants and
covenants to Landlord that Tenant has the right and lawful authority to enter into this Lease and perform Tenant’s obligations hereunder. Tenant is already in occupancy of the Demised Properties, and Tenant hereby acknowledges that it has
(a) had access to the Demised Properties prior to execution of this Lease, (b) had the opportunity to perform all tests, studies, inspections and investigations (including any investigations regarding zoning and use issues regarding all
Demised Properties), and (c) evaluated the Demised Properties as to the Demised Properties’ suitability for Tenant’s intended operations thereon. Tenant hereby accepts each Demised Property in its AS IS condition existing on the date
Tenant executes this Lease. Tenant waives to the fullest extent allowed by Law any rights to notice by Landlord regarding the condition of the Demised Properties, whether at law or in equity, and hereby waives any rights and remedies thereunder
based in any alleged or actual failure of Landlord to provide any such notices. Tenant acknowledges that (i) neither Landlord nor any of its 

  

					
		 	-8-	 	MASTER LAND AND BUILDING LEASE

 
Affiliates has made any representation or warranty as to the suitability of any Demised Property for the conduct of the Tenant’s business, and (ii) Tenant is entering into this Lease
solely on the basis of its own investigations and familiarity with, and continued occupancy of, the Demised Properties and not on the basis of any representation, warranty, covenant, agreement, undertaking, promise, statement, arrangement or
understanding by, on behalf of, or with, Landlord or any of its Affiliates, except as expressly set forth in this Lease. 
  

	ARTICLE 6	ALTERATIONS 

 (a) Tenant shall have the right, without having obtained the prior
written consent of Landlord, to make any Alterations; provided, that (x) if any Alterations at any single Demised Property are structural in nature, (y) if a single, non-structural Alteration, at any Demised Property, which
Alteration involves the installation, removal, repair or replacement of any Building Equipment (each such Alteration, a “Building Equipment Alteration”), costs in excess of One Million Five Hundred Thousand and 00/100 Dollars
($1,500,000.00) or (z) if a single, non-structural Alteration, at any Demised Property, which Alteration is not a Building Equipment Alteration, costs in excess of Three Hundred Thousand and 00/100 Dollars ($300,000.00) (clause (x),
(y) and (z), each, a “Major Alteration”), then such Major Alteration shall require the prior consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. 

(b) Any and all Alterations shall be conducted and completed in a commercially reasonable time period, in a good and workmanlike manner, and
in compliance with all applicable Law, permits, and requirements of all Governmental Authorities having jurisdiction over the relevant Demised Properties and in compliance with the requirements of all insurance policies required to be maintained by
Tenant hereunder. No Alteration shall be permitted if such Alteration lessens the market value or usefulness of the Demised Properties. Landlord shall have the right to require Tenant to remove, no later than the expiration date of this Lease (or
any early termination thereof) any Alterations (subject to Tenant’s right to give a Post-Occupancy Removal Notice to Landlord in accordance with the provisions of Section 21.03) except for those Alterations required by Law or for
which Landlord has agreed in writing that removal will not be required; provided, Landlord notifies Tenant, at least six (6) months prior to the expiration of this Lease or thirty (30) days prior to the early termination thereof, as
applicable, of such removal requirement. Upon completion of any Major Alteration, Tenant shall furnish to Landlord, for informational purposes only, (i) a complete set (in electronic form, with the right of Landlord to request up to three sets
of the plans in “hard copy”) of any “as-built” plans for such Major Alteration and (ii) certificates of final approval (or as applicable, evidence of permit closures or inspection reports) of such Major Alteration required
by any Governmental Authority. 
 (c) The interest of Landlord in the Demised Properties shall not be subject in any way to any Liens for
improvements to or other work performed to the Demised Properties by or on behalf of Tenant. Tenant shall have no power or authority to create any Lien or permit any Lien to attach to the present estate, reversion, or other interest of Landlord in
the Demised Properties. All mechanics, materialmen, contractors, laborers, artisans, suppliers, and other parties contracting with Tenant, its representatives or contractors with respect to the Demised Properties are hereby given notice that they
must look solely to Tenant to secure payment for any labor, services or materials furnished or to be furnished to Tenant, or to anyone holding any of the Demised Properties through or under Tenant during the Lease Term. Such parties, and Landlord
and Tenant agree that any work carried on at the Demised Properties shall not be done and shall not be deemed to have been done at the request of Landlord. If any contractor or party entitled to lien rights gives notice to Landlord pursuant to
Section 19 of the Construction Lien Act (Ontario) or Section 2728 of the Civil Code of Quebec, Landlord shall have the 

  

					
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right to refuse to assume responsibility. Tenant, at its expense, shall discharge any lien or charge filed against the Demised Properties or the Land in connection with any Alterations within
twenty (20) days after Tenant’s receipt of notice thereof by (i) payment, (ii) filing the bond required by law or (iii) otherwise in accordance with all applicable Laws (and Landlord may perform same at Tenant’s sole
cost and expense if Tenant fails to do so within such twenty (20) day period). Tenant shall provide evidence reasonably satisfactory to Landlord that such lien has been removed or bonded within such twenty (20) day period.  

 

	ARTICLE 7	REPAIRS AND MAINTENANCE 

 Section 7.01 Except as otherwise
provided in this Article, Tenant, at its sole cost and expense, shall maintain each of the Demised Properties and each part thereof, structural and non-structural, in good order, condition and repair, including all areas outside of any buildings
(including all sidewalks, driveways, landscaping, trash enclosures, and trash compacting and loading areas on the Demised Properties), and including any roof on any buildings, in a neat and clean condition, and shall take such reasonable actions
necessary for the preservation and safety thereof. Landlord shall have no duty whatsoever to maintain, replace, upgrade, or repair any portion of the Demised Properties, including any structural items, roof or roofing materials. 

Section 7.02 Promptly following the Commencement Date, Tenant covenants to take such reasonable actions and efforts to
complete, at Tenant’s sole cost and expense, during the first (1st) year of the Lease Term, the recommended repairs listed on Schedule 7.02 attached hereto and made a part hereof.

  

	ARTICLE 8	COMPLIANCE WITH LAW 

 Section 8.01 Tenant shall, throughout the
Lease Term, at its sole cost and expense, comply with, and cause any subtenants or other occupants at the Demised Properties to comply with, (a) applicable Law, (b) insurance requirements required by this Lease and (c) all of the
covenants, conditions and agreements contained in any Easement Agreement. Tenant will not alter, modify, amend or terminate any Easement Agreement, give any consent or approval thereunder, or enter into any new Easement Agreement without, in each
case, the prior written consent of Landlord. Landlord will not alter, modify, amend or terminate any Easement Agreement, give any consent or approval thereunder, or enter into any new Easement Agreement the effect of which will be to interfere with
Tenant’s use of, or access to, any of the Demised Properties, in any way materially affect Tenant’s ability to operate its business, in any way materially increase Tenant’s obligations hereunder, or in any way materially reduce
Tenant’s rights hereunder, without first obtaining Tenant’s prior written consent thereto. 
  

	ARTICLE 9	DISCLAIMER AND INDEMNITIES 

 Section 9.01 To the extent not
prohibited by applicable Law, none of the Landlord Parties shall be liable for, under any circumstances, and Tenant hereby releases all Landlord Parties from, any loss, injury, death or damage to person or property (including any business or any
loss of income or profit therefrom) of Tenant, Tenant’s members, officers, directors, shareholders, agents, employees, contractors, customers, invitees, or any other Person in or about the Demised Properties, whether the same are caused by
(a) fire, explosion, falling plaster, steam, dampness, electricity, gas, water, rain; (b) breakage, leakage or other defects of Tenant Equipment, Building Equipment, sprinklers, wires, appliances, plumbing fixtures, water or gas pipes,
roof, air conditioning, lighting fixtures, street improvements, or subsurface improvements; (c) theft, acts of God, acts of the public enemy, riot, strike, insurrection, civil unrest, war, court order, requisition or order of governmental body
or authority; (d) any act or omission of any other occupant of the Demised Properties; (e) operations in construction of any private, public or quasi-public work; (f) Landlord’s reentering and taking possession of the Demised
Properties in accordance with the 

  

					
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provisions of this Lease or removing and storing the property of Tenant as herein provided; or (g) any other cause, including damage or injury that arises from the condition of the Demised
Properties, from occupants of adjacent property, from the public, or from any other sources or places, and regardless of whether the cause of such damage or injury or the means of repairing the same are inaccessible to Tenant, or that may arise
through repair, alteration or maintenance of any part of the Demised Properties or failure to make any such repair, from any condition or defect in, on or about the Demised Properties including any Environmental Conditions or the presence of any
mold or any other Hazardous Materials, or from any other condition or cause whatsoever; provided, however, that the foregoing release set forth in this Section 9.01 shall not be applicable to any claim against a Landlord Party to the
extent, and only to the extent, that such claim is directly attributable to the gross negligence or willful misconduct of such Landlord Party. Without limiting the foregoing, Tenant hereby waives, to the extent permitted by applicable Law, any right
to any consequential, special, indirect or punitive damages against any Landlord Parties arising out of any claim in connection with or related to this Lease or the Demised Properties. 

Section 9.02 In addition to any and all other obligations of Tenant under this Lease (including under any indemnity or
similar provision set forth herein), to the extent permitted by applicable Law, Tenant hereby agrees to fully and forever indemnify, protect, defend and hold all Landlord Parties free and harmless of, from and against any and Losses:
(a) arising out of or in any way related to or resulting directly or indirectly from: (i) the use, occupancy, or activities of Tenant, its subtenants, agents, employees, contractors, or invitees in or about any of the Demised Properties;
(ii) any failure on the part of Tenant to comply with any applicable Law, including any Environmental Laws; (iii) the existence of any Default or Event of Default under this Lease (iv) any undertaking by Tenant under
Section 3.03(c); and (v) any other breach of Tenant’s obligations under this Lease and (b) whether heretofore now existing or hereafter arising out of or in any way related to or resulting directly or indirectly
from the presence or Release at, on, under, to or from the Demised Properties of Hazardous Materials not attributable to any Landlord Party. 

Section 9.03 The provisions of this Article 9 shall survive the expiration or sooner termination of this Lease.
Tenant hereby waives, to the extent permitted by Law, the provisions of any applicable Law restricting the release of claims, or extent of release of claims, that Tenant does not know or suspect to exist at the time of release, that, if known, would
have materially affected Tenant’s decision to agree to the release contained in this Article 9. In this regard, Tenant hereby agrees, represents, and warrants to Landlord that Tenant realizes and acknowledges that factual matters now
unknown to Tenant may hereafter give rise to Losses that are presently unknown, unanticipated and unsuspected, and Tenant further agrees, represents and warrants that the release provided hereunder has been negotiated and agreed upon in light of
that realization, and Tenant nevertheless hereby intends to release, discharge and acquit the parties set forth herein above from any such unknown Losses that are in any manner set forth in or related to this Lease, the Demised Properties and all
dealings in connection therewith. 
  

	ARTICLE 10	INSURANCE 

 Section 10.01 As of the Commencement Date and
throughout the Lease Term, Tenant shall, at its sole expense, obtain, pay for and maintain (or cause to be obtained, paid for and maintained), with financially sound and reputable insurers (as further described in Section 10.03),
(a) comprehensive “all risk” insurance covering loss or damage to each Demised Property (including Improvements now existing or hereafter erected thereon) caused by fire, lightning, hail, windstorm, hurricane, explosion, vandalism,
malicious mischief, leakage of sprinkler systems, and such other losses, hazards, casualties, liabilities and contingencies as are normally and usually covered by “all risk” or “special” property policies in effect where such
Demised Property is located, endorsed to include building ordinance or law coverage sufficient to provide coverage for costs to comply with building and zoning codes and ordinances 

  

					
		 	-11-	 	MASTER LAND AND BUILDING LEASE

 
including demolition costs and increased cost of construction, (b) business income and interruption insurance to include loss of business at limits sufficient to cover 100% of the annual
revenues at the Demised Properties minus any non-fixed expenses payable by Tenant to Landlord with a period of indemnity not less than twelve (12) months from time of loss (such amount being adjusted annually) and an extended period of
indemnity of one hundred eighty (180) days, and (c) flood insurance for all Demised Properties in amounts acceptable to Landlord and Landlord’s Mortgagee. The policy(ies) referred to in clauses (a) and (c) above shall be in
an amount equal to one hundred percent (100%) of the full replacement cost of the Improvements and the Building Equipment at each Demised Property (without any deduction for depreciation), and the policy(ies) referred to in clauses (a) and
(c) above shall contain a replacement cost endorsement and an agreed amount or waiver of co-insurance provisions endorsement. The deductible under the policies referred to in clauses (a) and (c) above shall not exceed $500,000;
provided, however that if, in the future, Tenant can demonstrate that the marketplace for such insurance typically provides for a deductible of $1,000,000 for companies of Tenant’s size, then, provided the same is permitted by Landlord’s
Mortgagee, the deductible may be increased to $1,000,000 following written notice to Landlord. If any Demised Property is located in an area prone to geological phenomena, including sinkholes, mine subsidence or earthquakes with a probable maximum
loss (PML) greater than 15%, the insurance policies referred to in clause (a) and (c) above shall cover such risks and in such amounts, form and substance, as are commercially reasonable and available. 

Section 10.02 As of the Commencement Date and throughout the Lease Term, Tenant shall maintain, with financially sound and
reputable insurers (as further described in Section 10.03), public liability and other types of insurance with respect to its business and each Demised Property (including all Improvements now existing or hereafter erected thereon)
against all losses, hazards, casualties, liabilities and contingencies as customarily carried or maintained by persons of established reputation engaged in similar businesses. Without limiting the foregoing, Tenant shall maintain or cause to be
maintained policies of insurance with respect to each Demised Property in the following amounts and covering the following risks: 
 (a)
Broad form boiler and machinery or breakdown insurance in an amount equal to the full replacement cost of the Improvements at each Demised Property (without any deduction for depreciation) in which the boiler or similar vessel is located, and
including coverage against loss or damage from (i) leakage of sprinkler systems and (ii) damage, breakdown or explosion of steam boilers, electrical machinery and equipment, air conditioning, refrigeration, pressure vessels or similar
apparatus and mechanical objects now or hereafter installed at the applicable Demised Property, and (iii) business interruption. 
 (b)
During any period of construction, reconstruction, renovation or alteration at any Demised Property, a complete value, “All Risks” Builders Risk form or “Course of Construction” insurance policy in non-reporting form and in an
amount reasonably satisfactory to Landlord. 
 (c) Commercial General Liability insurance covering claims for personal injury, bodily
injury, death or property damage occurring upon, in or about each Demised Property on an occurrence form and in an amount not less than $1,000,000 per occurrence and $2,000,000 in the aggregate, which shall provide coverage for premises and
operations, products and completed operations and contractual liability, with a deductible in an amount not to exceed $1,000,000, and an umbrella liability policy in the amount of $25,000,000. Liquor Liability insurance, in amounts and subject to
terms reasonably approved by Landlord, shall also be maintained by Tenant, if alcohol is sold or served at any Demised Property. 
 (d)
Worker’s compensation with statutory limits and employer’s liability insurance in an amount of $1,000,000 per accident, per employee and in the aggregate. 

  

					
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 (e) Such other insurance (including increased amounts of insurance) and endorsements, if any,
with respect to the Demised Properties and the operation thereof as Landlord or Landlord’s Mortgagee may reasonably require from time to time and as customarily carried or maintained by persons of established reputation engaged in similar
businesses. 
 Section 10.03 Each carrier providing any insurance, or portion thereof, required by this Article shall
have the legal right to conduct its business in the jurisdiction in which the applicable Demised Property is located, and shall have a claims paying ability rating by S&P of not less than “A-” and an A.M. Best Company, Inc. rating of
not less than A and financial size category of not less than IX. Tenant shall cause all insurance that it is required to maintain hereunder to contain a mortgagee clause and loss payee clause in favor of Landlord’s Mortgagee in accordance with
this Section to be payable to Landlord’s Mortgagee as a mortgagee and not as a co-insured, as its interest may appear. 

Section 10.04 All insurance policies required to be maintained by Tenant hereunder and renewals thereof (a) shall
provide for a term of not less than one year, and (b) if the same are insurance policies covering any property (i) shall include a standard non-contributory mortgagee endorsement or its equivalent in favor of, and in form acceptable to,
Landlord’s Mortgagee, (ii) shall contain an agreed value clause updated annually (if the amount of coverage under such policy is based upon the replacement cost of the applicable Demised Property) and (iii) shall designate Landlord as
loss payee and if there is a Landlord’s Mortgage, Landlord’s Mortgagee as “mortgagee and loss payee.” In addition, all property insurance policies (except for flood and earthquake limits) must automatically reinstate after each
loss, and the commercial general liability and excess/umbrella liability policies shall include Landlord and Landlord’s Mortgagee as additional insureds, to the extent of occurrences that arise from Tenant’s operation at the Demised
Properties, as their interests may appear. 
 Section 10.05 Any insurance provided for in this Article may be effected by
a blanket policy or policies of insurance; provided, that the amount of the total insurance available with respect to the Demised Properties shall provide coverage and indemnity at least equivalent to separate policies in the amounts herein
required, and provided further that in other respects, any such policy or policies shall comply with the provisions of this Article. Any increased coverage provided by individual or blanket policies shall be satisfactory; provided, the aggregate
liability limits covering the Demised Properties under such policies shall otherwise comply with the provisions of this Article. 

Section 10.06 Every insurance policy carried by either Landlord or Tenant with respect to the Demised Properties shall
include provisions waiving the insurer’s subrogation rights against the other party, prior to the occurrence of damage or loss. Subject to the above, each party hereby waives, to the fullest extent permitted by Law, any rights of recovery
against the other party for any direct damage or consequential loss covered by said policies (or by policies required to be carried hereunder by such party) whether or not such damage or loss shall have been caused by any acts or omissions of the
other party. 
 Section 10.07 The policies of insurance required to be maintained by Tenant under this Article 10
shall (a) name Tenant as the insured and Landlord and Landlord’s Mortgagees as additional insureds, as their interests may appear, and (b) include primary coverage in favor of all additional insureds (and with provisions that any
other insurance carried by any additional insured or Landlord shall be non-contributing and that naming Landlord and the additional parties listed above in this Section as additional insureds shall not negate any right Landlord or such parties would
have had as claimants under the policy if not so designated). The business interruption insurance required pursuant to Section 10.01 shall name Landlord and Landlord’s Mortgagees as loss payees. All insurance policies required under
this Article 10 shall also provide that the beneficial interest of Landlord in such policies shall be fully transferable. In the event Tenant fails to procure or maintain any policy of insurance required under Article 10, or if the
insurance company or coverages provided fail to meet the requirements contained in this Article 10, Landlord may, at its option, purchase such insurance and charge Tenant all costs and expenses incurred in procuring and maintaining such
insurance. 

  

					
		 	-13-	 	MASTER LAND AND BUILDING LEASE

 Section 10.08 Tenant shall provide to Landlord, beginning on the Commencement
Date and continuing annually thereafter, certificates from all applicable insurance carriers evidencing coverage and, at Landlord’s request, the payment of premiums or accompanied by other evidence of such payment (e.g. receipts, canceled
checks). Each insurance policy required to be carried by Tenant hereunder shall include a provision requiring the insurer to provide Landlord with not less than thirty (30) days’ prior written notice of cancellation. Upon the occurrence of
both of the following events, Tenant shall pay insurance premiums to Landlord no later than thirty (30) days prior to the date such premiums are due in lieu of payment directly to the applicable the insurance carriers: (i) delivery to
Tenant of a written request therefor from Landlord, and (ii) the occurrence and continuance of any Default under this Section 10.08 by Tenant, or any occurrence and the continuance of any Event of Default under any provision in this
Lease. Any insurance premiums timely paid by Tenant to Landlord pursuant to this Section shall be applied towards payment of the insurance premium next coming due when such premiums are due and payable. 

 

	ARTICLE 11	DAMAGE OR DESTRUCTION 

 Section 11.01 If at any time during the
Lease Term, any of the Demised Properties or any part thereof shall be damaged or destroyed by fire or other casualty of any kind or nature, Tenant shall promptly apply for all permits required by applicable Law, but in any event not later than
sixty (60) days after the first date of such damage or destruction, and, upon issuance of such permits, thereafter diligently proceed to repair, replace or rebuild such Demised Property as nearly as possible to its condition and character
immediately prior to such damage, with such variations and Alterations requested by Landlord as may be permitted under (and subject to the provisions of) Article 6 (the “Restoration Work”). 

Section 11.02 All property and casualty insurance proceeds payable to Landlord or Tenant (except (a) insurance
proceeds payable to Tenant on account of the Tenant Equipment or Tenant’s inventory; and (b) insurance proceeds payable from property or comprehensive general public liability insurance) at any time as a result of casualty to the Demised
Properties shall be paid jointly to Landlord and Tenant for purposes of payment for the cost of the Restoration Work, except as may be otherwise expressly set forth herein; provided, however, that any such proceeds received by Landlord or Landlord
and Tenant jointly, resulting from business interruption insurance maintained by Tenant in accordance with clause (a) of Section 10.02, shall be promptly delivered to Tenant upon Landlord’s or Landlord’s and Tenant’s joint
receipt thereof. Landlord and Tenant shall cooperate in order to obtain the largest possible insurance award lawfully obtainable and shall execute any and all consents and other instruments and take all other actions necessary or desirable in order
to effectuate same and to cause such proceeds to be paid as hereinbefore provided. The proceeds of any such insurance in the case of loss shall, to the extent necessary, be used first for the Restoration Work (including if completed by Landlord or a
third party after any substitution of the applicable Demised Property pursuant to Article 31), to be disbursed in accordance with Section 11.04 to the extent the Net Award is in excess of the Threshold Amount. If insurance proceeds as a
result of a casualty to the relevant Demised Property are insufficient to complete the Restoration Work necessary by reason of such casualty, then Tenant shall be responsible for the payment of such amounts necessary to complete such Restoration
Work. 
 Section 11.03 Subject to the terms hereof, this Lease shall not be affected in any manner by reason of the total
or partial destruction to any Demised Property or any part thereof, and Tenant, notwithstanding any applicable Law, present or future, waives, to the fullest extent permitted by Law, all rights to quit or surrender any Demised Property or any
portion thereof because of the total or partial destruction of any Demised Property (prior to the expiration of this Lease). Without limiting the foregoing, no Rent shall abate as a result of any casualty. 

  

					
		 	-14-	 	MASTER LAND AND BUILDING LEASE

 Section 11.04 If any Net Award is in excess of the Threshold Amount, Landlord
(or Landlord’s Mortgagee if required by any Landlord’s Mortgage) shall hold the Net Award in a fund (the “Restoration Fund”) and disburse amounts from the Restoration Fund in accordance with the following
conditions: 
 (a) prior to commencement of restoration, (i) the architects, contracts, contractors, plans and specifications and a
budget for the restoration shall have been reasonably approved by Landlord, (ii) Landlord and Landlord’s Mortgagee shall be provided with mechanics’ lien insurance (if available) and acceptable performance and payment bonds which
insure satisfactory completion of and payment for the restoration, are in an amount and form and have a surety acceptable to Landlord, and name Landlord and Landlord’s Mortgagee as additional dual obligees, and (iii) appropriate waivers of
mechanics’ and materialmen’s liens shall have been filed; 
 (b) at the time of any disbursement, no mechanics’ or
materialmen’s liens shall have been filed against any of the Demised Properties and remain undischarged; 
 (c) disbursements shall be
made from time to time in an amount not exceeding the cost of the Restoration Work completed since the last disbursement, upon receipt of (i) satisfactory evidence, including architects’ certificates, of (x) the stage of completion,
(y) the estimated total cost of completion and (z) performance of the Restoration Work to date in a good and workmanlike manner in accordance with the contracts, plans and specifications, (ii) waivers of liens for any work for which
disbursements were previously made, and waiver of liens for payments made in connection with the requested disbursement, subject only to receipt of payment therefor, (iii) contractors’ and subcontractors’ sworn statements as to
completed Work and the cost thereof for which payment is requested and (iv) other evidence of cost and payment so that Landlord and Landlord’s Mortgagee can verify that the amounts disbursed from time to time are represented by Work that
is completed, in place and free and clear of mechanics’ and materialmen’s lien claims; 
 (d) each request for disbursement shall
be accompanied by a certificate of Tenant, signed by the president or a vice president of Tenant, describing the Restoration Work for which payment is requested, stating the cost incurred in connection therewith, stating that Tenant has not
previously received payment for such Restoration Work and, upon completion of the Restoration Work, stating that the Restoration Work has been fully completed and complies with the applicable requirements of this Lease; 

(e) Landlord may retain ten percent (10%) of the Restoration Fund until the Restoration Work is fully completed; 

(f) If the Restoration Fund is held by Landlord, the Restoration Fund shall not be commingled with Landlord’s other funds; and 

(g) such other reasonable conditions as Landlord or Landlord’s Mortgagee may impose for purposes of confirming completion of the
Restoration Work and the cost thereof. 
 Prior to commencement of restoration and at any time during restoration, if the estimated cost of
completing the Restoration Work free and clear of all liens, as reasonably determined by Landlord, exceeds the amount of the Net Award available for such restoration (the difference between the estimated cost and the Net Award, the
“Shortfall Amount”), then Tenant shall be required to directly pay for all 

  

					
		 	-15-	 	MASTER LAND AND BUILDING LEASE

 
Restoration Work costs up to the Shortfall Amount, prior to utilizing (or Landlord disbursing) any portion of the Net Award to pay for such Restoration Work. Should any balance of the Net Award
remain after the completion of the Restoration Work, such balance shall be paid to Landlord. 
  

	ARTICLE 12	EXPROPRIATION 

 Section 12.01 Landlord and Tenant hereby agree
that in no event shall any taking of any Demised Property for any public or quasi-public use under any statute or by right of expropriation, or by purchase in lieu thereof, or the taking, expropriation, reconfiguration or vacation of any adjacent
property or street that requires the use, reconstruction or remodeling of any material part of any Demised Property, in any way relieve Tenant of any obligations under this Lease (as to the applicable Demised Property or otherwise), except as
explicitly provided in this Article. 
 Section 12.02 If any portion of any Demised Property, or existing access to or
from any Demised Property, is taken for any public or quasi-public use under any statute or by right of expropriation, or by purchase in lieu thereof, or by agreement between Landlord and those authorized to
exercised such rights, or if any adjacent property or street is so taken or condemned or reconfigured or vacated by any competent authority in such manner as to require the use, reconstruction or remodeling of any material part of any Demised
Property, and as a result thereof, (a) the value of such Demised Property is reduced by twenty percent (20%) or more or (b) Tenant is prevented, or would be prevented after reasonable repair and reconstruction by Tenant, use of such
Demised Property for the Permitted Uses in a manner similar to the use prior to such taking or use of the required parking and access; then, Tenant shall have the right, upon notice to be given to Landlord no later than forty-five
(45) days after the date Tenant received notice of such taking, to terminate this Lease as to such Demised Property (but not any other Demised Property) as of the date that title to the applicable Demised Property, or portion thereof, actually
transfers to the applicable authority. 
 Section 12.03 Tenant agrees that Landlord has the right in its sole discretion,
and at Tenant’s sole cost and expense, to oppose any proposed taking regarding any Demised Property. The parties hereto agree to cooperate in applying for and in prosecuting any claim for any taking regarding any Demised Property and further
agree that the aggregate net award or indemnity shall be distributed as follows: 
 (a) Landlord shall be entitled to the entire award or
indemnity for the condemned Demised Property; and 
 (b) Tenant shall be entitled to any award that may be made for the taking of
Tenant’s inventory and personal property, or costs related to the removal and relocation of Tenant’s inventory and personal property; provided, that none of the foregoing reduces Landlord’s award or indemnity. 

Section 12.04 Except in the case of a termination of this Lease with respect to a Demised Property as described in
Section 12.02, in the case of an expropriation of any portion of any Demised Property, Tenant at its own expense shall proceed with diligence (subject to reasonable time periods for purposes of adjustment of any award or indemnity and
unavoidable delays) to repair or reconstruct (or cause to be repaired and reconstructed) the affected Improvements to a complete architectural unit and in a condition as nearly as possible to the value and condition immediately prior to such taking,
and all such Restoration Work shall be performed in accordance with the standards and requirements for Alterations set forth in Article 6 and, to the extent the cost to repair or reconstruct the affected Improvements exceeds the Threshold
Amount, the amount in excess of the Threshold Amount shall be held in the Restoration Fund in accordance with the provisions of Section 11.04 

  

					
		 	-16-	 	MASTER LAND AND BUILDING LEASE

 Section 12.05 In case of an expropriation of all or any portion of any Demised
Property, and to the extent Tenant terminates this Lease with respect to the applicable Demised Property, pursuant to Section 12.02, the Base Rent payable hereunder shall be reduced by the Adjustment Amount as set forth on Exhibit
A-1 for such Demised Property. 
 Section 12.06 Notwithstanding any other provision of this Agreement, any
compensation for a temporary taking shall be payable to Tenant without participation by Landlord, and there shall be no abatement of Rent as a result of any temporary expropriation affecting any of the Demised Properties. 

Section 12.07 If Landlord or Tenant shall receive any notice of any proposed or pending expropriation or taking proceeding
affecting any of the Demised Properties, the party receiving such notice shall promptly furnish a copy thereof to the other party. 
  

	ARTICLE 13	FINANCIAL AND REPORTING COVENANTS 

 Section 13.01 Books and
Records. Tenant shall keep accurate books and records of account of all of the Demised Properties sufficient to permit the preparation of financial statements in accordance with GAAP. Landlord and its duly authorized representatives shall have
the right to examine, copy and audit Tenant’s records and books of account at all reasonable times during regular business hours. Tenant shall provide, or cause to be provided, to Landlord, in addition to any other financial statements required
under this Lease, the following financial statements and information, all of which must be prepared in a form reasonably acceptable to Landlord: 

(a) Promptly, and in any event within the greater of (i) one hundred thirty (130) days, after the end of each calendar year, or
(ii) to the extent the same are required to be filed with the SEC, five (5) business days after annual audited financial statements are filed with the SEC (as hereinafter defined), (y) audited statements of the financial position of
Tenant, or, if Tenant does not prepare audited statements, of Guarantor, as of the end of each such calendar year, including a balance sheet and statement of profits and losses, expenses and retained earnings, changes in financial position and cash
flows for such calendar year (but only to the extent such financial statements or reports are not contained in any required filings with the SEC), which statements shall be duly certified by an officer of Tenant or Guarantor, as applicable, to
fairly represent the financial condition of Tenant or Guarantor, as applicable, as of the date thereof, prepared by Tenant or Guarantor, as applicable, in accordance with GAAP, and accompanied by a statement of a nationally recognized accounting
firm acceptable to Landlord in its sole discretion that such financial statements present fairly, in all material respects, the financial condition of Tenant or Guarantor, as applicable, as of the end of the calendar year being reported on and that
the results of the operations and cash flows for such year were prepared, and are being reported on, in conformity with GAAP, and (z) unaudited EBITDA for such calendar year along with an unaudited report of the revenues derived from the
operations of each individual Demised Property for such calendar year; and 
 (b) Tenant shall also furnish to Landlord (i) within
forty-five (45) days after the end of each of the three remaining quarters, unaudited financial statements, certified by an officer of Tenant or Guarantor, as applicable, to fairly represent the financial condition of Tenant or Guarantor, as
applicable, as of the date thereof, prepared in accordance with GAAP, but only to the extent any such financial statement or reports are not contained in any required filings with the Securities and Exchange Commission
(“SEC”), and all filings, if any, of Form 10-K, Form 10-Q and other required filings with the SEC pursuant to the provisions of the Securities Exchange Act of 1934, as amended, or any other Law and
(ii) within ten (10) days following receipt of Landlord’s reasonable request any other property level information regarding one or more of the Demised Properties that Tenant or Guarantor is required to prepare and provide in
connection with any credit facility for Tenant, Guarantor or any of their Affiliates, or to any public shareholder or to the SEC, but only to the extent such information is not contained in any public filing filed therewith. 

  

					
		 	-17-	 	MASTER LAND AND BUILDING LEASE

 Section 13.02 Litigation. Tenant shall deliver prompt written notice to
Landlord of any litigation or governmental proceedings pending or threatened against Tenant that might materially adversely affect the condition of Tenant or Guarantor or the business or operations at any Demised Property. 

 

	ARTICLE 14	INTENTIONALLY OMITTED. 

  

	ARTICLE 15	EVENTS OF DEFAULT 

 Section 15.01 Events Of Default.
Subject to the terms of this Article, the occurrence of any of the following shall constitute an event of default by Tenant under this Lease (“Event of Default”): 

(a) Nonpayment of Base Rent. Failure to pay any installment of Base Rent on or before the date when due. Notwithstanding the foregoing,
Tenant shall have a five (5) Business Day grace period for payment of one installment of Base Rent twice in any twelve (12) month period during the Lease Term. 

(b) Nonpayment of Additional Rent. Failure to pay any amount of Additional Rent on or before the date when due and such failure
continuing for five (5) Business Days after Tenant receives notice of such failure. 
 (c) Bankruptcy and Insolvency. If at any
time during the Lease Term, (i) Tenant or Guarantor files an Application, (ii) any creditor or other Person that is an Affiliate of Tenant or Guarantor files against Tenant or Guarantor any Application, or any creditor or other Person
(whether or not an Affiliate of Tenant or Guarantor) files against Tenant or Guarantor any Application, where Tenant or Guarantor, or an Affiliate of Tenant or Guarantor, cooperates or colludes with such creditor or other Person in connection with
such Application or the filing thereof, (iii) any creditor or other Person that is not an Affiliate of Tenant or Guarantor files an Application against Tenant, where none of Tenant or Guarantor or an Affiliate of Tenant or Guarantor cooperates
or colludes with such creditor or other Person in connection with such Application or the filing thereof, and such Application is not vacated or withdrawn within sixty (60) days after the filing thereof, (iv) a trustee, interim receiver,
receiver, receiver and manager, administrative receiver, custodian, liquidator, provisional liquidator, administrator, sequestrator or other like official is appointed to take possession of any of the Demised Properties, or of all or substantially
all of the business or assets of Tenant or Guarantor, and such appointment is not vacated or withdrawn and possession restored to Tenant within sixty (60) days thereafter, (v) a general assignment or arrangement is made by Tenant for the
benefit of creditors, (vi) any trustee, interim receiver, receiver, receiver and manager, administrative receiver, custodian, liquidator, provisional liquidator, administrator, sequestrator or other like official takes possession of any Demised
Property, or of all or substantially all of the business or assets of Tenant or Guarantor by authority of any attachment, execution, or other judicial seizure proceedings, and such attachment or other seizure remains undismissed or undischarged for
a period of sixty (60) days after the levy thereof, (vii) Tenant admits in writing its inability to pay its debts as they become due; or (viii) Tenant or Guarantor files an answer admitting or failing timely to contest a material
allegation of any Application filed against Tenant or Guarantor. 
 (d) Delivery of Notices and Other Documents. The failure by
Tenant to deliver any of the notices or other documents required to be delivered to Landlord under this Lease, in each case within the time periods required herein (other than any such notices or other documents specifically

  

					
		 	-18-	 	MASTER LAND AND BUILDING LEASE

 
addressed in another clause of this Section 15.01, for which Tenant will have the grace periods (if any) and notice rights (if any) set forth in such other clause); provided, however,
that if no time period is stated in this Lease for the delivery by Tenant of any notice or other document to Landlord, then Tenant shall have a grace period of ten (10) Business Days after the date of the event or occurrence first giving rise
to the obligation to deliver such notice or other document to Landlord. 
 (e) Liens. Any claim of Lien is recorded against any
Demised Property and such f Lien continues for one hundred twenty (120) days after Tenant receives notice thereof without discharge (by bonding or other means available pursuant to the applicable Law), or satisfaction being made by or on behalf
of Tenant. 
 (f) Other Obligations. The failure by Tenant to timely perform any obligation, agreement or covenant under this Lease,
other than those matters specified in Sections 15.01(a)-(e) above, and such failure continuing for a period of thirty (30) days after written notice of such failure is delivered to Tenant, or such longer period as is reasonably
necessary to remedy such default (but such cure period, including any extension under Article 16, shall not exceed one hundred twenty (120) days in the aggregate); provided that Tenant shall commence to cure the failure within such
thirty (30) day period and shall diligently and in good faith proceed with and continue the curing of the default until fully cured. 

(g) US Lease. If there exists any Event of Default (as such term is defined in the US Lease) under the terms of the US Lease;
provided, that the provisions of this Section 15.01(g) shall not be applicable if the US Lease has been assigned or otherwise transferred to an unrelated third party by the landlord thereunder in accordance with the provisions of
the US Lease. 
 (h) Guaranty. If there exists any default or breach, beyond any applicable notice or cure period under the Guaranty.

 (i) SNDA. The failure by Tenant to deliver the SNDA described in Section 23.01 within the time period specified
thereon, with such failure continuing for a period of ten (10) Business Days after notice of such failure is delivered to Tenant. 

(j) Estoppel Certificate. The failure by Tenant to deliver the Estoppel Certificate described in Article 24 within the time
period specified therein, with such failure continuing for a period of ten (10) Business Days after notice of such failure is delivered to Tenant. 

(k) Sale Proceeds. The failure of Tenant or its Affiliates to: (i) apply substantially all of the proceeds of the sale of the
Demised Properties from Landlord to either (A) (I) the purchase of USP Holdings and (II) upon the completion of such purchase, to own USP Holdings or (B) the repayment, in whole or in part, of one or more of those certain loans made
pursuant to that certain (I) Senior Lien Term Loan Credit Agreement dated as of March 13, 2015 among LSF9 Concrete Ltd., LSF9 Concrete Holdings, Ltd., Stardust Finance Holdings, Inc., The Lenders Party, and Credit Suisse AG, Barclays Bank
PLC, Citibank, N.A., Credit Suisse Securities (USA) LLC, and Citigroup Global Markets, Inc., (II) Junior Lien Term Loan Credit Agreement dated as of March 13, 2015 among LSF9 Concrete Ltd., LSF9 Concrete Holdings, Ltd., Stardust Finance
Holdings, Inc., The Lenders Party, and Credit Suisse AG, Barclays Bank PLC, Citibank, N.A., Credit Suisse Securities (USA) LLC, and Citigroup Global Markets, Inc. or (III) ABL Credit Agreement dated as of March 13, 2015 among LSF9 Concrete
Ltd., LSF9 Concrete Holdings, Ltd., Stardust Finance Holdings, Inc., The Additional Revolving Borrowers Party Thereto, The Lenders Party Thereto, and Credit Suisse AG, Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Credit Suisse
Securities (USA) LLC, and Citigroup Global Markets, Inc. (clause (I), (II) and (III) of this Section 15.01(k), the “Existing Loans”) and (ii) provide to Landlord with reasonably satisfactory evidence thereof within
ninety (90) days after the date of this Lease. 

  

					
		 	-19-	 	MASTER LAND AND BUILDING LEASE

 As used in this Lease, “Default” means any breach or default under this Lease or the US
Lease or the Guaranty, whether or not the same is an Event of Default thereunder, and also any breach or default under this Lease or the US Lease or the Guaranty, that after notice or lapse of time or both, would constitute an Event of Default under
the applicable lease or the Guaranty, if that breach or default were not cured within any applicable grace or cure period. 

Section 15.02 Remedies Upon Event of Default. During the existence of an Event of Default by Tenant, in addition to
any other remedies available to Landlord at Law or in equity or elsewhere hereunder, Landlord shall have the following remedies: 
 (a)
Termination. Landlord shall have the right, with or without notice or demand, immediately upon expiration of any applicable notice or grace period specified herein, to terminate this Lease (or Tenant’s possession of any of the Demised
Properties), and at any time thereafter recover possession of all or any portion of the Demised Properties or any part thereof and expel and remove therefrom Tenant and any other Person occupying the same by any lawful means, and repossess and enjoy
all or any portion of the Demised Properties without prejudice to any of the remedies that Landlord may have under this Lease. If Landlord elects to terminate this Lease (or to terminate Tenant’s right of possession), Landlord shall also have
the right to reenter the Demised Properties and take possession of and remove all personal property of Tenant, if any, in such Demised Properties, subject to the rights thereto of any of Tenant’s lenders under any credit facility and the terms
of any Landlord collateral access agreement (or similar document) that may be entered into between Landlord and any of Tenant’s lenders. If Landlord elects to terminate this Lease and/or Tenant’s right to possession, or if Tenant’s
right to possession is otherwise terminated by operation of Law, Landlord may recover, as damages from Tenant, the following: (i) all Rent then due under this Lease through the date of termination; (ii) the Rent due for the remainder of
the Lease Term in excess of the fair market rental value of the Demised Properties for the remainder of the Lease Term, including any and all Additional Rent (each discounted by the discount rate established by the Royal Bank of Canada plus one
percent (1%)); (iii) the cost of reletting the Demised Properties, including the anticipated period of vacancy until such Demised Properties can be re-let at their fair market rental values; and (iv) any other costs and expenses that
Landlord may reasonably incur in connection with the Event of Default. Unless required by applicable Law, Landlord shall have no obligation to mitigate its damages caused by the Event of Default (or Tenant’s Default under this Lease), but if
Landlord does attempt to so mitigate its damages, such efforts by Landlord shall not waive Landlord’s right to recover damages under the foregoing provisions. 

(b) Continuation after Event of Default. If Landlord does not elect to terminate this Lease, then this Lease shall continue in effect,
and Landlord may enforce all of its rights and remedies under this Lease, including the right to recover Rent as it becomes due, and Landlord, without terminating this Lease, may exercise all of the rights and remedies of a landlord at law or in
equity, subject to Article 26. Landlord shall not be deemed to have terminated this Lease except by an express statement in writing. Acts of maintenance or preservation, efforts to relet the Demised Properties, or the appointment of a
receiver upon application of Landlord to protect Landlord’s interest under this Lease shall not constitute an election to terminate Tenant’s right to possession unless such election is expressly stated in writing by Landlord.
Notwithstanding any such reletting without such termination, Landlord may at any time thereafter elect to terminate Tenant’s right to possession and this Lease. If Landlord elects to relet the Demised Properties for the account of Tenant, the
rent received by Landlord from such reletting shall be applied as follows: first, to the payment of any and all costs of such reletting (including attorneys’ fees, brokers’ fees, and the cost of alterations and repairs to any of the
Demised Properties, and tenant improvement costs); second, to the payment of any and all indebtedness other than Rent due hereunder from Tenant to Landlord; third, to the payment of any and all Rent due and unpaid hereunder; and the balance, if any,
shall be held by Landlord and applied in payment of future Rent as it becomes due. If the rent received from the reletting is less than the sum of the costs of reletting, other indebtedness due by Tenant, and the Rent due by Tenant, then Tenant
shall pay the deficiency to Landlord within ten (10) days after written demand by Landlord. Such deficiency shall be calculated and paid monthly. 

  

					
		 	-20-	 	MASTER LAND AND BUILDING LEASE

 (c) Efforts to Relet. No re-entry or repossession, repairs, maintenance, changes,
alterations and additions, reletting, appointment of a receiver to protect Landlord’s interests hereunder, or any other action or omission by Landlord shall be construed as an election by Landlord to terminate this Lease or Tenant’s right
to possession, or to accept a surrender of the Demised Properties, nor shall same operate to release Tenant in whole or in part from any of Tenant’s obligations hereunder, unless express written notice of such intention is sent by Landlord to
Tenant. Tenant hereby irrevocably waives, to the fullest extent permitted by Law, any right otherwise available under any law to redeem or reinstate this Lease. 

(d) Appointment of a Receiver: If, and to the extent permitted by applicable Law, an Event of Default shall have occurred and be
continuing, Landlord, upon application to a court of competent jurisdiction or by the appointment by an instrument in writing, shall be entitled to the appointment of a privately appointed or court appointed receiver or receiver and manager, interim
receiver, liquidator, trustee-in-bankruptcy, administrator, administrative receiver and other like or similar official to take possession of and to operate the Demised Properties and to collect the rents, profits, issues, and revenues
therefrom. Tenant will pay to Landlord upon demand all expenses, including receiver’s fees, attorneys’ fees, cost and agent’s compensation, incurred pursuant to the provisions contained in this paragraph. 

(e) Province–Specific Remedy. Landlord may pursue any other remedy now or hereafter available to Landlord under the Laws of the
provinces in which the Demised Properties are located, in addition to and not as an alternative remedy to those provided hereunder. 

Section 15.03 Late Fee. If any payment of Base Rent or Additional Rent is not received by Landlord from Tenant when
such payment is due to Landlord hereunder, such payment shall be deemed delinquent, and Tenant shall pay to Landlord a late fee of five percent (5%) of each such delinquent payment (the “Late Fee”), due and payable to
Landlord simultaneously with the delinquent Base Rent or delinquent Additional Rent, as the case may be. 
 Section 15.04
Default Rate. If any payment of Base Rent or Additional Rent is not received by Landlord from Tenant when such payment is due to Landlord hereunder, such payment shall bear interest at the rate of the lesser of (x) four percent
(4%) over the Prime Rate per annum or (y) the highest rate allowed by applicable law. 
  

	ARTICLE 16	FORCE MAJEURE 

 If either party is prevented or delayed from timely performance of
any obligation or satisfying any condition under this Lease by any event or circumstance beyond the control of such party, exclusive of financial inability of a party, but including any of the following if beyond the control of (and not caused by)
such party: strike, lockout, labor dispute, civil unrest, inability to obtain labor, materials or reasonable substitutes thereof, acts of God, present or future governmental restrictions, regulations or control, insurrection, and sabotage, then the
time to perform such obligation or satisfy such condition shall be extended by the delay caused by such event or circumstance. The provisions of this Article shall in no event operate to delay the Commencement Date or to excuse Tenant from the
payment of all Rent as and when due under this Lease. 

  

					
		 	-21-	 	MASTER LAND AND BUILDING LEASE

	ARTICLE 17	NOTICES 

 (a) Any notice, demand or other communication to be given under the
provisions of this Lease by either party hereto to the other party hereto shall be effective only if in writing and (i) personally served, (ii) mailed by Canadian registered or certified mail, return receipt requested, postage prepaid,
(iii) sent by a nationally recognized courier service (such as Federal Express) for next-day delivery, to be confirmed in writing by such courier, or (iv) sent by facsimile (with answer back acknowledged), addressed as follows: 

 

			
	To Tenant:	  	Forterra Pipe & Precast, Ltd.
		  	Forterra Pressure Pipe, Inc.
		  	Forterra Pipe & Precast Québec Ltd.
		  	c/o Forterra Building Products
		  	511 E. John Carpenter Freeway, Suite 600
		  	Irving, Texas 75062
		  	Attention: Lori Browne
		  	Facsimile: (469) 284-8678
		
	To Landlord:	  	FORT-NOM HOLDINGS (ONQC) INC.
		  	c/o W. P. Carey Inc.
		  	50 Rockefeller Plaza, 2nd Floor
		  	New York, New York 10020
		  	Attention: Asset Management
		
	With a copy to:	  	FORT-NOM HOLDINGS (ONQC) INC
		  	c/o W. P. Carey Inc.
		  	50 Rockefeller Plaza, 2nd Floor
		  	New York, New York 10020
		  	Attention: Legal Transactions Department

 (b) Subject to the terms of this subsection (b), all notices, demands and other communications sent in the
foregoing manner shall be deemed delivered when actually received or refused by the party to whom sent, unless (i) mailed, in which event the same shall be deemed delivered on the day of actual delivery as shown by the addressee’s
registered or certified mail receipt or at the expiration of the third (3rd) Business Day after the date of mailing, whichever first occurs, or (ii) sent by facsimile, in which event the same shall be deemed delivered only if a duplicate
notice sent pursuant to a method described in subsection (a)(i), (a)(ii) or (a)(iii) of this Article 17 is delivered within one Business Day after such facsimile is received by the recipient. Notwithstanding the foregoing, if any notice,
demand or other communication is not received during business hours on a Business Day, such notice, demand or other communication shall be deemed to have been delivered at the opening of business on the next Business Day. 

(c) Either Landlord or Tenant may from time to time change its address for receiving notices under this Lease by providing written notice to
the other party in accordance with this Article 17. 
  

	ARTICLE 18	ACCESS 

 Section 18.01 Landlord and its designees shall have
the right, upon not less than twenty-four (24) hours’ prior written notice to Tenant (except in the event of an emergency, where no prior notice shall be required), to enter upon any of the Demised Properties at

  

					
		 	-22-	 	MASTER LAND AND BUILDING LEASE

 
reasonable hours to inspect such Demised Properties or, during the period commencing one year prior to the end of the Lease Term (or at any time if an Event of Default occurs), for the purpose of
exhibiting same to prospective tenants and posting or erecting “for lease” or similar signage at the Demised Properties, all in Landlord’s discretion. Landlord’s Mortgagee shall have the right, upon not less than seventy-two
(72) hours’ prior written notice to Tenant, to enter upon any of the Demised Properties at reasonable hours to inspect such Demised Properties, and Tenant shall reasonably cooperate with Landlord’s Mortgagee to effectuate same. Any
such entry and/or inspection by Landlord or Landlord’s Mortgagee shall not unreasonably interfere with Tenant’s ability to conduct its business operations at the Demised Properties. 

Section 18.02 Upon prior written notice from Landlord, Tenant shall permit such qualified persons as Landlord may designate
(“Site Reviewers”) to visit the Leased Premises during normal business hours and in a manner which does not unreasonably interfere with Tenant’s operations and perform, as agents of Landlord, environmental site
investigations and assessments (“Environmental Site Assessments”) on the Leased Premises in any of the following circumstances: (i) in connection with any sale, financing or refinancing of the Leased Premises, (ii) within
the six month period prior to the expiration of the Term, (iii) if an Event of Default exists, or (iv) at any other time that, in the reasonable opinion of Landlord, new information gives rise to a reasonable basis to believe that an
Environmental Condition exists in violation of any applicable Environmental Law or involving a Release of Hazardous Materials which exceeds an applicable industrial remediation standard under any applicable Environmental Law. Where specifically
required by a third party in the context of clause (i), above, or where undertaken pursuant to clauses (ii), (iii) and (iv), such Site Assessments may include both above and below the ground testing of Environmental Media for Environmental
Conditions or Hazardous Materials and such other tests as may be necessary, in the reasonable opinion of the Site Reviewers, to conduct such testing. Tenant shall supply to the Site Reviewers such historical and operational information regarding the
Leased Premises as may be reasonably requested by the Site Reviewers and as may be in Tenant’s possession or reasonably available to Tenant to facilitate the Environmental Site Assessments, and shall make available for meetings with the Site
Reviewers appropriate personnel having knowledge of such matters. The cost of performing and reporting Environmental Site Assessments under clause (i) if such sale is to Tenant or any affiliate or designee of Tenant, under clause (iii),
and under clause (iv) if any Environmental Condition or Release of Hazardous Materials which requires remediation to meet applicable industrial remediation standards or are in violation of any applicable Environmental Law is actually
discovered, shall be paid by Tenant, otherwise such costs shall be paid by Landlord. 
  

	ARTICLE 19	SIGNS 

 Tenant may, at Tenant’s sole cost and expense, install or erect, at
or on any Demised Property, signs of any height or dimensions and bearing such inscriptions as Tenant shall reasonably determine; provided, however, that no sign shall be installed or erected by Tenant at or on any Demised Property until all
governmental approvals and permits required therefor by any applicable Laws and/or any Governmental Authority have been obtained, and all fees pertaining thereto have been paid by Tenant. 

 

	ARTICLE 20	IMPROVEMENTS AND BUILDING EQUIPMENT; TENANT EQUIPMENT 

Section 20.01 Excepting any Tenant Equipment, any Building Equipment and other Improvements at the Demised Properties on the
Commencement Date shall be the property of Landlord. In the event that Tenant installs or erects any fixtures or other Improvements, with the exception of Tenant Equipment, to the Demised Properties after the Commencement Date, such fixtures or
other Improvements shall be the property of Landlord and remain upon and be surrendered with the Demised 

  

					
		 	-23-	 	MASTER LAND AND BUILDING LEASE

 
Properties. Notwithstanding the foregoing provisions, Tenant shall be liable for all property taxes, assessments, and similar charges assessed against or allocable to any property at the Demised
Properties (irrespective of whether such property is Building Equipment owned by Landlord or Tenant Equipment or other personal property owned by Tenant) and that are attributable to any period of time during the Lease Term. 

Section 20.02 During the Lease Term, Tenant shall be entitled to use the Building Equipment in Tenant’s operations at
the Demised Properties. Tenant shall keep the Building Equipment in good working order, condition and repair, shall not remove the Building Equipment from the Demised Properties (subject to the terms of this Section) and shall not permit any lien,
hypothec, security interest or other encumbrance to attach to the Building Equipment, except as may be caused by Landlord, and except any such liens that are being contested by Tenant in good faith by appropriate proceedings and that have been
bonded over by Tenant to the reasonable satisfaction of Landlord or for which Tenant provides alternative security to the reasonable satisfaction of Landlord. Tenant shall keep (or cause to be kept) the Building Equipment insured and shall be
responsible for any casualty or other loss to Building Equipment or occasioned by Building Equipment. Subject to the provisions of Article 6, Tenant may, from time to time, retire or replace Building Equipment with new items of equipment of
equal or greater value purchased by Tenant, in which event such replaced equipment shall constitute Building Equipment. 

Section 20.03 For the avoidance of doubt, in the event Tenant installs or erects any fixtures that are included
within the definition of “Tenant Equipment” after the Commencement Date, such fixtures shall be the property of Tenant and be removed by Tenant before the expiration or earlier termination of this Lease, including without limitation, any
underground storage tanks (and associated vent and fill ports and piping) that are in use at the Commencement Date, which shall be removed or, if approved by Landlord in writing, closed in place in accordance with applicable Law, unless Landlord
expressly consents in writing to the continued presence of any such underground storage tanks. Landlord shall advise Tenant in writing whether Landlord elects to retain or to have Tenant remove or close any underground storage tanks (and associated
vent and fill ports and piping) at least six (6) months prior to expiration of this Lease or thirty (30) days prior to the early termination thereof, as applicable. 
  

	ARTICLE 21	END OF TERM; HOLDING OVER 

 Section 21.01 Upon the expiration
or earlier termination of this Lease, Tenant shall peaceably and quietly quit and surrender the Demised Properties and all Alterations that are then part of the Demised Properties (subject to any removal obligations under Section 6(a)),
vacant, broom clean and in good order, repair and condition and otherwise in the condition required by this Lease. Any Tenant Equipment or trade fixtures and personal property of Tenant remaining on the Demised Properties at the expiration of the
Lease Term shall become the property of Landlord without payment therefor, but subject to (a) the rights thereto of any Tenant’s lenders under any credit facility and the terms of any Landlord collateral access agreement (or similar
document) that may be entered into between the Landlord and any of Tenant’s lenders, unless Landlord shall have required removal of same by Tenant by notice to Tenant and (b) the provisions of Section 21.03, if applicable. 

Section 21.02 If Tenant holds over in possession of any of the Demised Properties after the expiration of the Lease Term,
then such holding over shall not be deemed to extend the Lease Term or renew this Lease, but rather the tenancy thereafter shall continue as a tenancy at sufferance pursuant to the terms and conditions contained in this Lease, at one hundred ten
percent (110%) of the Base Rent otherwise then applicable for all of the Demised Properties that are the subject of the holding over (in addition to all Additional Rent due and payable for all of the Demised Properties that are the subject of
the holding over). 

  

					
		 	-24-	 	MASTER LAND AND BUILDING LEASE

 Section 21.03 Notwithstanding anything to the contrary contained in this
Lease, Tenant shall have the right to give to Landlord a Post-Occupancy Removal Notice no later than twelve (12) months prior to the expiration date of the Lease Term. If Tenant duly and timely gives to Landlord the Post-Occupancy Removal
Notice, the Lease Term shall not be deemed extended, but Landlord shall not institute any holdover proceedings against Tenant during the Post-Occupancy Period; provided that (i) such occupancy of the Demised Properties shall be for the
sole purpose of removing all Tenant Equipment, (ii) Tenant shall remain responsible for the payment of Base Rent and Rent otherwise then applicable for all of the Demised Properties for the entire Post-Occupancy Period on a per diem basis and
(iii) all of the other terms and conditions of this Lease shall remain in full force and effect during such Post-Occupancy period. 

Section 21.04 This Article 21 shall survive the expiration or termination of this Lease. 

 

	ARTICLE 22	TENANT ASSIGNMENT AND SUBLETTING 

 Section 22.01 

(a) Except as otherwise explicitly provided in this Article 22 and Article 23, neither Tenant, nor Tenant’s successors or
assigns, shall assign or transfer, in whole or in part, by operation of Law or otherwise, this Lease, or sublet the Demised Properties, in whole or in part, without the prior written consent of Landlord in each instance, which may be granted or
withheld by Landlord, in its reasonable discretion, in accordance with the provisions of this Section 22.01, and subject, in each case, to the provisions of Section 22.01(c). Any purported sublease or assignment in violation
of this Section 22 shall be null and void. Notwithstanding anything to the contrary contained in this Lease, provided that there shall be no Event of Default, Tenant shall have the right, without the prior written consent of Landlord, to
(1) assign this Lease to an Affiliate of Tenant or to any entity with which Tenant may merge or consolidate or to which Tenant may sell all or substantially all of its assets or capital stock so long as (A) Landlord shall have received a
notice of such assignment from Tenant, (B) the assignee assumes by written instrument reasonably satisfactory to Landlord all of Tenant’s obligations under this Lease and (C) such assignment is for a valid business purpose and not to avoid
any obligations under this Lease and (2) sublease up to thirty percent (30%) of the gross leasable area of the Demised Properties so long as (A) the permitted use under the sublease is limited to the operation of a Permitted Use,
(B) the term of the sublease, including any extension options, does not (and cannot) extend beyond the scheduled Lease Term (or any early termination of this Lease) and (C) Tenant remains primarily liable for the obligations under this
Lease (each, a “Preapproved Sublet”). In the event Tenant sells, conveys or leases all or substantially all of its assets to any Person, Tenant shall assign this Lease to such Person, and such Person shall assume all of
Tenant’s obligations hereunder. 
 (b) If this Lease is assigned or transferred, or if all or any part of the Demised Properties is
sublet or occupied by any party other than Tenant, Landlord may collect rent from the assignee, transferee, subtenant or occupant and apply the net amount collected to the Rent reserved in this Lease, but no such assignment, subletting, occupancy or
collection shall be deemed a waiver of any covenant or condition of this Lease or Landlord’s acceptance of the assignee, transferee, subtenant or occupant as tenant, or a release by Landlord of Tenant from the performance or further performance
by Tenant of its obligations under this Lease. Without limiting the generality of the forgoing, Tenant expressly acknowledges and agrees that, in the event of any assignment of this Lease, Tenant shall remain jointly and severally liable with the
assignee for all of the obligations under this Lease, and in all other cases of any transfer of Tenant’s interest under this Lease, Tenant shall remain primarily liable for such obligations. Subject to the foregoing, the consent by Landlord to
an assignment, transfer or subletting shall not in any way be construed to relieve Tenant from obtaining the express written consent of Landlord in each instance to any subsequent similar action that Tenant may desire to take. 

  

					
		 	-25-	 	MASTER LAND AND BUILDING LEASE

 (c) Except as expressly permitted by clause (a)(1) and (a)(2) of Section 22.01 above, if
Tenant desires to assign this Lease , whether by operation of law or otherwise (each a “Non-Preapproved Assignment”), to a Person (“Non-Preapproved Assignee”) then Tenant shall, not less than thirty
(30) days prior to the date on which it desires to make a Non-Preapproved Assignment, submit to Landlord information regarding the following with respect to the Non-Preapproved Assignee and the Non-Preapproved Assignment (collectively, the
“Review Criteria”): (a) the proposed effective date of the Non-Preapproved Assignment, (b) all of the terms of the proposed Non-Preapproved Assignment and the consideration therefor, (c) the name, address and
business of the proposed Non-Preapproved Assignee, (d) information concerning the character of the Non-Preapproved Assignee (including current financial statements thereof certified by an officer, partner or owner thereof, business credit and
personal references and a description of the history of the Non-Preapproved Assignee), and (e) proposed use of the Demised Properties by the Non-Preapproved Assignee. Landlord shall review such information and shall approve or disapprove the
Non-Preapproved Assignee and the Non-Preapproved Assignment no later than twenty (20) days following receipt of all such information, and Landlord shall be deemed to have acted reasonably in granting or withholding consent if such grant or
disapproval is based on Landlord’s review of the Review Criteria applying prudent business judgment. If a response is not received by Tenant by the expiration of such twenty (20) day period, such Non-Preapproved Assignee and
Non-Preapproved Assignment shall be deemed disapproved. 
 (d) Other than pursuant to Preapproved Sublets, at no time during the Lease Term
shall subleases exist for more than thirty percent (30%) of the gross leasable area of the Demised Properties without the prior written consent of Landlord, which consent shall be granted or withheld based on a review of the Review Criteria as
they relate to the proposed sublessee and the terms of the proposed sublease. Landlord shall be deemed to have acted reasonably in granting or withholding consent if such grant or disapproval is based on Landlord’s review of the Review Criteria
applying prudent business judgment. 
 Section 22.02 Upon any sublease or assignment permitted as provided in this
Article 22, Tenant shall deliver to Landlord copies of such sublease or assignment agreement promptly (but no later than ten (10) days) following execution and delivery thereof. In no event shall Tenant be entitled to amend, extend or
otherwise modify any sublease or assignment agreement that required the prior written consent of Landlord pursuant to the terms hereof without the prior written consent of Landlord, which consent Landlord may withhold in its reasonable discretion,
taking into consideration the factors set forth in Section 22.01(c). 
 Section 22.03 Subject to the terms of
this Lease, this Lease shall be binding upon, enforceable by, and inure to the benefit of the parties hereto and their respective heirs, successors, representatives and assigns. 

Section 22.04 [Intentionally Omitted]. 
  

	ARTICLE 23	FINANCINGS 

 Section 23.01 Subject to and in accordance with
the terms and provisions of the SNDA referenced below, this Lease shall be subject and subordinate to all present and future ground or underlying leases of any of the Demised Properties and to the lien of any hypothecs, security interests, mortgages
or trust deeds, now or hereafter in force, against any of the Demised Properties, and to all renewals, extensions, modifications, consolidations and replacements thereof, and to all advances made or hereafter to be made upon the security of such
hypothecs, security interests, mortgages or trust deeds, unless the holders of such hypothecs, security interests, mortgages or trust deeds, or the lessors under such ground or underlying leases, require in writing that this Lease be superior
thereto; and Tenant 

  

					
		 	-26-	 	MASTER LAND AND BUILDING LEASE

 
covenants and agrees in the event any proceedings are brought for the exercise of any hypothecary rights, mortgage rights or the institution for proceedings to enforce on any hypothec, security
interest, mortgage or deed of trust to which this Lease is subordinate, or in the event of any termination of any ground or underlying lease to which this Lease is subordinate, to attorn, without any deductions, claims or set-offs whatsoever, to the purchaser upon any such foreclosure sale, if so requested to do so by such purchaser, and to the ground or underlying lease lessor, if so requested to do so by such ground or underlying
lease lessor, and to recognize such purchaser or ground or underlying lease lessor, as the case may be, as the lessor under this Lease; provided, however, that the foregoing subordination to future ground or underlying leases of the Demised
Properties and to the lien of any future hypothecs, security interests, mortgages or trust deeds in force against the Demised Properties shall be conditioned upon Landlord providing Tenant with a subordination,
non-disturbance and attornment agreement in favor of Tenant in the form attached hereto as Exhibit C, or other commercially reasonable form requested by Landlord that provides, without limitation, that
this Lease and the rights of Tenant hereunder shall survive the exercise of any hypothecary rights, mortgage rights or the institution for proceedings to enforce brought under such hypothec, security interest, mortgage or deed of trust or
termination of such ground or underlying lease (as applicable), provided an Event of Default has not occurred and is not continuing under this Lease (either, an “SNDA”). Tenant shall, and shall use commercially reasonable
efforts to cause any subtenant, from time to time, within ten (10) Business Days after any request by Landlord, to execute and deliver such other instruments or assurances as Landlord may reasonably deem necessary to evidence or confirm the
subordination or superiority of this Lease (at Landlord’s election) to any such hypothecs, mortgages, security interests, trust deeds, ground or underlying leases (including, at Landlord’s election, one or more additional SNDAs requested
by Landlord’s Mortgagee). 
 Section 23.02 Landlord agrees that, upon the request of any Person that shall be
Tenant’s or its Affiliate’s senior secured lender, subordinate senior lender, purchase money equipment lender or an equipment lessor of Tenant, Landlord shall execute and deliver a commercially reasonable waiver of Landlord’s
statutory lien rights, if any, and a consent and agreement with respect to the respective rights of Landlord and such Person regarding the security interests in, and the timing and removal of, any inventory, equipment or other collateral in which
such Person has a secured interest (the “Collateral”), in substantially the form attached hereto as Exhibit H or in such other reasonable form as the parties may agree. 

 

	ARTICLE 24	ESTOPPEL CERTIFICATES 

 Tenant shall, without charge, at any time and from time to
time, within ten (10) Business Days after any request by Landlord, deliver to Landlord or any other Person specified by Landlord, a completed Estoppel Certificate, duly executed and acknowledged, in substantially the form as set forth on
Exhibit D attached hereto, or other commercially reasonable estoppel certificate confirming such information regarding this Lease and Tenant as Landlord may request (either, an “Estoppel Certificate”). Tenant’s
failure to deliver to Landlord any Estoppel Certificate requested by Landlord as and when provided in this Article shall be deemed conclusive against Tenant as to the truthfulness of the items stated in such Estoppel Certificate requested by
Landlord. 
  

	ARTICLE 25	REGISTRATION 

 Neither Landlord nor Tenant shall register this Lease; provided,
however, concurrently with the execution hereof, each party shall join in the execution and registration of a notice of lease (or similar instrument) in a form substantially similar to the form attached hereto as (i) Exhibit E-1,
covering each of the Demised Properties in Ontario, and (ii) Exhibit E-2, covering each of the Demised Properties in Québec. Tenant shall pay all costs charged by the applicable local registry in connection with the registration
of any such notice of lease (or similar instrument). 

  

					
		 	-27-	 	MASTER LAND AND BUILDING LEASE

	ARTICLE 26	APPLICABLE LAW; JURISDICTION 

 Section 26.01 

(a) For all purposes relating to any Demised Property located in the Province of Ontario, this Lease shall be construed in accordance with, and
this Lease and all matters arising out of or relating to this Lease (whether in contract, tort or otherwise) shall be governed by, the law of the Province of Ontario and the federal laws of Canada applicable in that province. 

(b) For all purposes relating to any Demised Property located in the Province of Québec, this Lease shall be construed in accordance
with, and this Lease and all matters arising out of or relating to this Lease (whether in contract, tort or otherwise) shall be governed by, the law of the Province of Québec and the federal laws of Canada applicable in that province. 

(c) If any provision of this Lease or the application thereof shall, to any extent, be invalid or unenforceable, the remainder of this Lease
shall not be affected thereby, and each provision of this Lease shall be valid and enforceable to the fullest extent permitted by applicable Law. 

Section 26.02 

(a) FOR ALL PURPOSES RELATING TO ANY DEMISED PROPERTY LOCATED IN THE PROVINCE OF ONTARIO, TENANT AND LANDLORD EACH HEREBY CONSENTS TO THE
EXCLUSIVE JURISDICTION OF ANY PROVINCIAL COURT LOCATED WITHIN THE PROVINCE OF ONTARIO, AND EACH IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS ARISING OUT OF OR RELATING TO THIS LEASE SHALL BE LITIGATED IN SUCH COURTS (EXCEPT FOR FORCIBLE ENTRY,
DETAINER ACTIONS, EVICTIONS OR SIMILAR PROCEEDINGS WHICH SHALL BE LITIGATED IN COURTS LOCATED WITHIN THE PROVINCE IN WHICH THE APPLICABLE DEMISED PROPERTY IS LOCATED). TENANT AND LANDLORD EACH ACCEPTS, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE
JURISDICTION OF THE AFORESAID COURTS (EXCEPT AS PROVIDED ABOVE IN THIS PARAGRAPH), WAIVES ANY DEFENSE OF FORUM NON CONVENIENS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS LEASE. 

(b) FOR ALL PURPOSES RELATING TO ANY DEMISED PROPERTY LOCATED IN THE PROVINCE OF QUÉBEC, TENANT AND LANDLORD EACH HEREBY CONSENTS TO
THE EXCLUSIVE JURISDICTION OF ANY PROVINCIAL COURT LOCATED WITHIN THE PROVINCE OF QUÉBEC, AND EACH IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS ARISING OUT OF OR RELATING TO THIS LEASE SHALL BE LITIGATED IN SUCH COURTS (EXCEPT FOR
FORCIBLE ENTRY, DETAINER ACTIONS, EVICTIONS OR SIMILAR PROCEEDINGS WHICH SHALL BE LITIGATED IN COURTS LOCATED WITHIN THE PROVINCE IN WHICH THE APPLICABLE DEMISED PROPERTY IS LOCATED). TENANT AND LANDLORD EACH ACCEPTS, GENERALLY AND UNCONDITIONALLY,
THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS (EXCEPT AS PROVIDED ABOVE IN THIS PARAGRAPH), WAIVES ANY DEFENSE OF FORUM NON CONVENIENS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS LEASE. 

(c) TENANT AND LANDLORD EACH ACKNOWLEDGES THAT THE PROVISIONS OF THIS ARTICLE ARE A MATERIAL INDUCEMENT TO THE OTHER PARTY’S ENTERING
INTO THIS LEASE. 

  

					
		 	-28-	 	MASTER LAND AND BUILDING LEASE

	ARTICLE 27	LIABILITY OF PARTIES 

 Section 27.01 The obligations of
Landlord under this Lease are not personal obligations of the individual members, partners, directors, officers, shareholders, agents or employees of Landlord. Tenant shall look solely to the Demised Properties for satisfaction of any liability of
Landlord and shall not look to other assets of Landlord nor seek recourse against the assets of the individual members, partners, directors, officers, shareholders, agents or employees of Landlord or Landlord’s Affiliates. Whenever Landlord
transfers its interest in any Demised Property, Landlord shall be automatically released from further performance under this Lease with respect to such Demised Property and from all further liabilities and expenses hereunder related to such Demised
Property, whether arising before or after such transfer, to the extent the transferee of Landlord’s interest under this Lease assumes Landlord’s performance, liabilities and expenses under this Lease related to such Demised Property. 

Section 27.02 The obligations of Tenant under this Lease are not personal obligations of the individual members, partners,
directors, officers, shareholders, agents or employees of Tenant, and Landlord shall not seek recourse against the assets of the individual members, partners, directors, officers, shareholders, agents or employees of Tenant. Landlord, on behalf of
itself and its successors and assigns, hereby waives any and all personal liability against Tenant, and the individual members, partners, directors, officers, shareholders agents or employees thereof, directly or indirectly, under or in connection
with this Lease or any agreement made or entered into under or pursuant to the provisions of this Lease or any amendment or amendments to any of the foregoing made at any time or times, heretofore or hereafter. If more than one Person is named as
Tenant and/or Landlord hereunder, the obligations under this Lease of all such Persons named as Tenant and/or Landlord, respectively, shall be joint and several. 
  

	ARTICLE 28	ATTORNEYS’ FEES; EXPENSES 

 Without limiting any other obligation of Tenant to timely
indemnify or reimburse Landlord hereunder (including under Article 9 and Article 29), if any party to this Lease shall bring any action or proceeding for any relief against the other, declaratory or otherwise, arising out of this
Lease, the losing party shall pay to the prevailing party a reasonable sum for actual out-of-pocket attorneys’ fees and costs incurred in bringing or defending such action or proceeding and/or enforcing any judgment granted therein, all of
which shall be deemed to have accrued upon the commencement of such action or proceeding and shall be paid whether or not such action or proceeding is prosecuted to final judgment. Any judgment or order entered in such action or proceeding shall
contain a specific provision providing for the recovery of attorneys’ fees and costs, separate from the judgment, incurred in enforcing such judgment. The prevailing party shall be determined by the trier of fact based upon an assessment of
which party’s major arguments or positions taken in the proceedings could fairly be said to have prevailed over the other party’s major arguments or positions on major disputed issues; provided, however, that the parties agree that in no
event shall Tenant be deemed a prevailing party if an Event of Default then exists under this Lease. For the purposes of this provision, attorneys’ fees shall include fees incurred in the following: (i) court homologation of any decree or
ruling; (ii) contempt proceedings; (iii) levy, seizure, enforcement of judgment, exercise of hypothecary, mortgage or other creditors’ rights, and debtor and third party examinations; (iv) discovery; and (v) bankruptcy and
insolvency litigation. This provision is intended to be expressly severable from the other provisions of this Lease, is intended to survive any judgment and is not to be deemed merged into the judgment. 

 

	ARTICLE 29	ENVIRONMENTAL 

 Section 29.01 Tenant acknowledges that Landlord
makes no warranties or representations of any kind, or in any manner or in any form whatsoever, as to the status of Environmental Conditions or Hazardous Materials at the Demised Properties. Tenant shall conduct at its own expense any and all

  

					
		 	-29-	 	MASTER LAND AND BUILDING LEASE

 
investigations regarding Environmental Conditions of the Demised Properties and will satisfy itself as to the absence or existence of Hazardous Materials contamination of the Demised Properties
and the suitability of the Demised Properties for Tenant’s operations. Tenant’s entry into this Lease shall be made at its sole risk. 

Section 29.02 Tenant shall comply with all Environmental Laws and cause and ensure the Demised Properties and all
operations thereon (whether by Tenant or any subtenant) comply with all applicable Environmental Laws. Tenant shall not suffer or permit any Loss, on, at, under or affecting the Demised Properties of any source if the same pose a health or safety
risk to invitees or employees. From and after the Commencement Date, Tenant shall be entitled to use, receive, store, handle, generate, treat, recycle or transport Hazardous Materials at the Demised Properties, in amounts customarily used in
Tenant’s business and which shall be used, received, stored, handled, generated, treated, recycled or transported in full compliance with all applicable Environmental Laws. Tenant covenants to, and shall, undertake all Remedial Activities
necessary to comply with applicable Environmental Laws arising out of any Use or Release of Hazardous Materials, by Tenant or its agents, employees, representatives, invitees, licensees, subtenants, customers or contractors (“Other
Parties”), or otherwise adversely affecting any Demised Property, at Tenant’s sole cost and expense, and shall give prompt written notice of same to Landlord. If any Remedial Activities relating to Hazardous Materials released on
or at any Demised Property are required to be performed at any location other than the Demised Properties, Tenant shall use commercially reasonable efforts to obtain any required access agreements from third parties. 

Section 29.03 In addition to any other obligation herein, Tenant shall indemnify, defend, protect and hold Landlord Parties
free and harmless from and against any and all Losses and other obligations of any kind whatsoever that may be made against or incurred by Landlord Parties in connection with any of the following: (a) the violation of any Environmental Law or
(b) a Release of Hazardous Materials or Environmental Conditions at, on, under, about or from the Demised Properties, in each case during the Lease Term (and in the event of any holding over by Tenant or any Post-Occupancy Period, during any
period that Tenant occupies the relevant Demised Property) and any Environmental Claims, whether or not the same constitute a violation of any Environmental Law, including any and all reasonable costs and fees of attorneys or experts incurred by
Landlord in defending against same. This and any other right of Landlord under this Lease shall inure to the benefit of Landlord’s successors and assigns, as well as Landlord’s Mortgagees, and their respective successors and assigns as
third party beneficiaries. This Section shall survive termination of this Lease. 
 Section 29.04 Tenant shall promptly
inform Landlord in writing of (a) any and all enforcement actions, demands for the initiation of Remedial Activities where no Remedial Activities are currently being conducted, or other governmental or regulatory actions, notices or orders
(excluding routine actions such as permit renewals) instituted, completed or threatened pursuant to any Environmental Laws affecting the Demised Properties; (b) all claims made or threatened by any third Person against Tenant or the Demised
Properties relating in any way whatsoever to Hazardous Materials or Environmental Conditions (the matters set forth in clauses (a) and (b) are hereinafter referred to as “Environmental Claims”);
(c) Tenant’s receiving notice or otherwise becoming aware of any material Release of Hazardous Materials at, on, in, under to or from the Demised Properties or on, in or under any adjoining property. Tenant shall also supply to Landlord
within seven (7) Business Days after Tenant first receives or sends the same, copies of all claims, complaints, notices, warnings, asserted violations or other material communications relating in any way to the matters described in this
Section. 
 Section 29.05 In addition to any other obligations herein, Tenant shall be solely responsible for and shall
indemnify, protect, defend, and hold harmless all Landlord Parties from and against any and all Losses directly or indirectly arising out of or associated in any manner whatsoever with Tenant’s Use or the presence or Release of Hazardous
Materials at, on, under, about or from the Demised Properties 

  

					
		 	-30-	 	MASTER LAND AND BUILDING LEASE

 
prior to or during the Lease Term (and in the event of any holding over by Tenant or any Post-Occupancy Period, during any period that Tenant occupies the relevant Demised Property).
Tenant’s indemnity and release includes: (a) the costs associated with Remedial Activities, including all necessary plans and reports, incurred by any federal, provincial or local governmental agency or entity or by any other Person,
incurred pursuant to any applicable Environmental Laws; (b) any oversight charges, fines, damages or penalties arising from the presence or Release of Hazardous Materials, and any related Remedial Activities, incurred pursuant to the provisions
of any applicable Environmental Laws; (c) any liability to third parties arising out of the presence or Release of Hazardous Materials for personal injury, bodily injury, or property damage arising under any statutory or common law theory,
including damages assessed for the maintenance of a public or private nuisance, the costs of Remedial Activities, or for the carrying on of an abnormally dangerous activity; (d) all direct or indirect compensatory or consequential damages, or
third party claims for punitive damages, arising out of any claim based on the presence or Release of Hazardous Materials or damage or threatened damage to Environmental Conditions; (e) any and all reasonable costs, fees and expenses of
attorneys, consultants and experts incurred or sustained in making any investigation on account of any claim, in prosecuting or defending any action brought in connection therewith, in obtaining or seeking to obtain a release therefrom, or in
enforcing any of the agreements herein contained; (f) Rent during any period of Remedial Activities equal to the Base Rent then in effect, or if this Lease has terminated, the Base Rent that was in effect on the termination date; and
(g) Losses pursuant to Environmental Laws resulting from any action or omission or use of the Demised Properties by any subtenant. The foregoing indemnity shall apply to Losses attributable to Tenant’s Use of Hazardous Materials
irrespective of whether any of Tenant’s activities were or will be undertaken in accordance with Environmental Laws or other applicable Laws. Tenant specifically agrees that it shall not sue or seek contribution from any Landlord Party in any
matter relating to any Hazardous Material liability. All costs and expenses paid or incurred by Landlord for which Tenant is obligated to indemnify Landlord under this Section shall be paid promptly by Tenant to Landlord. This Section shall survive
termination of this Lease. 
 Section 29.06 Without limiting the foregoing or anything contained in Article 8,
Tenant acknowledges that Governmental Authorities from time to time may impose obligations affecting some or all of the Demised Properties, or operations thereon, in response to climate change issues, including energy efficiency mandates, water
conservation mandates, restrictions on sales or use of certain fuels, mandates for alternative fuels, permitting obligations, restrictions on or a duty to inventory and report green house gas emissions, requirements to purchase carbon credits,
construction, operational or other measures to mitigate risks of drought, fire, flood, rising sea levels, storm surge risks, so-called “extreme weather” risks and other legal obligations, whether adopted pursuant to Environmental Laws or
other Laws. Tenant at its sole cost and expense shall ensure the Demised Properties, and operations thereon, comply with any such applicable Laws, permits, and requirements of all Governmental Authorities having jurisdiction over the relevant
Demised Properties. Moreover, Tenant agrees that the cost or disruption to operations imposed by any such applicable Laws, permits, and requirements of all Governmental Authorities having jurisdiction over the relevant Demised Properties shall not
excuse full performance of this Lease by Tenant. 
  

	ARTICLE 30	LANDLORD ASSIGNMENT 

 Section 30.01 This Lease shall be fully
assignable by Landlord or its successors and assigns, subject to the terms of Article 27 and this Article 30. In the event that from time to time Landlord desires to assign its interest in this Lease with respect to the Demised
Properties (including to one or more Affiliates of Landlord), then Landlord, at its cost and expense, shall prepare a landlord assignment and assumption of lease agreement, pursuant to which Landlord shall assign all its right, title and interest in
and to this Lease to a transferee, and such transferee shall agree to be bound by all of the terms and conditions hereof and to assume and perform all of Landlord’s duties, obligations and liabilities

  

					
		 	-31-	 	MASTER LAND AND BUILDING LEASE

 
hereunder, from and after the date of such transfer (the “Landlord Assignment and Assumption Agreement”). In such event, Landlord shall provide Tenant with a fully
executed copy of any such Landlord Assignment and Assumption Agreement within five (5) Business Days after the mutual execution thereof. In addition, Tenant shall execute and deliver (or cause to be executed and delivered, as applicable) to
Landlord any other instruments and documents requested by Landlord in connection with the assignment, including any commercially reasonable subordination, non-disturbance and attornment agreement that may be requested by Landlord’s
assignee’s lenders. Without limiting the foregoing, Tenant agrees to cooperate reasonably with Landlord in connection with any such assignment. From and after the effective date of any such Landlord Assignment and Assumption Agreement, Landlord
shall be automatically released (without need for any further agreement or other document) from any liability thereafter arising with respect to this Lease to the extent the transferee of Landlord’s interest under this Lease assumes
Landlord’s performance, liabilities and expenses under this Lease. In no event shall Landlord have any liability under any Landlord Assignment and Assumption Agreement for any acts occurring from and after the date thereof. Without limiting the
foregoing, Tenant agrees that Landlord may agree in its sole discretion with any purchaser or assignee of any of the Demised Properties covered by a Landlord Assignment and Assumption Agreement to provide (or have a Landlord’s Affiliate
provide) asset management and/or act as servicer regarding the Demised Properties. 
 Section 30.02 Landlord and Tenant
agree that this Lease constitutes a true lease and not a financing or other form of transaction (including for provincial law purposes and federal income tax purposes). In furtherance of the foregoing, Landlord and Tenant each irrevocably waives, to
the fullest extent permitted by Law, any claim or defense based upon the characterization of this Lease as anything other than a true lease and irrevocably waives any claim or defense that asserts that this Lease is anything other than a true lease.
Landlord and Tenant covenant and agree that they will not assert that this Lease is anything but a true lease. Landlord and Tenant each stipulate and agree not to challenge the validity, enforceability or characterization of this Lease of the
Demised Properties as a true lease and further stipulate and agree that nothing contained in this Lease creates or is intended to create a joint venture, partnership (either de jure or de facto), equitable mortgage, trust, financing device or
arrangement, security interest or the like. Landlord and Tenant each shall support the intent of the parties that the lease of the Demised Properties pursuant to this Lease is a true lease and does not create a joint venture, partnership (either de
jure or de facto), equitable mortgage, trust, financing device or arrangement, security interest or the like, if, and to the extent that, any challenge occurs. Tenant has discussed the characterization of this Lease with its independent auditors and
Tenant believes that this Lease will be treated as an operating lease rather than a capital lease. Landlord shall have the sole right to claim all depreciation with respect to the Demised Properties. For the avoidance of doubt, Tenant shall be
entitled to claim all depreciation with respect to any Tenant Equipment. Nothing in this Lease shall be deemed to constitute a guaranty, warranty or representation by either Landlord or Tenant as to the actual treatment of this transaction for
provincial law purposes and for federal law purposes 
 Section 30.03 Landlord and Tenant agree that this Lease
constitutes a single and indivisible lease as to all of the Demised Properties collectively and shall not be subject to severance or division. In furtherance of the foregoing, and Landlord and Tenant each (a) waives, to the fullest extent
permitted by Law, any claim or defense based upon the characterization of this Lease as anything other than a master lease of all the Demised Properties and irrevocably waives, to the fullest extent permitted by Law, any claim or defense that
asserts that this Lease is anything other than a master lease, (b) covenants and agrees that it will not assert that this Lease is anything but a unitary, unseverable instrument pertaining to the lease of all, but not less than all, of the
Demised Properties, (c) stipulates and agrees not to challenge the validity, enforceability or characterization of this Lease of the Demised Properties as a unitary, unseverable instrument pertaining to the lease of all, but not less than all,
of the Demised Properties, and (iv) shall support the intent of the parties that this Lease is a unitary, unseverable instrument pertaining to the lease of all, but not less than all, of the Demised Properties, if, and to the extent that, any
challenge 

  

					
		 	-32-	 	MASTER LAND AND BUILDING LEASE

 
occurs. To the extent that legal, tax or title insurance requirements in consummating the purchase of the Demised Properties by Landlord or leasing the Demised Properties to Tenant, may require,
or may have required, individual purchase price allocations (including allocations of values for individual provincial or local transfer tax purposes and title insurance coverage amounts) or individual rent allocations (including allocations of
rents in certain provinces for tax purposes), Landlord and Tenant agree that such individual allocations are solely to comply with legal, tax or title insurance requirements, and shall not be used or construed, directly or indirectly, to vary the
intent of Landlord and Tenant that this Lease constitutes a single and indivisible lease of all the Demised Properties collectively and is not an aggregation of separate leases. The foregoing agreements and waivers by Tenant in this
Section 30.03 are made as a material inducement to Landlord to enter into the transaction contemplated by this Lease and that, but for the foregoing agreements and waivers by Tenant, Landlord would not consummate this Lease. 

 

	ARTICLE 31	REPLACEMENTS 

 Section 31.01 Property Replacements. The
Tenant named herein (together with Tenant’s Affiliates), at its election, may substitute not more than thirty five percent (35%) (i.e., as of the date of this Lease, up to two (2) individual Demised Properties; but not more than an
aggregate 187,740 square feet of the Demised Properties, such amount being referred to herein as the “Replacement Cap”) of the Demised Properties (each a “Replaced Property”) with one or more tracts of
real property on which Tenant operates a Permitted Use (each a “Replacement Property”), it being understood that a Replaced Property may be replaced with more than one Replacement Property. Tenant may not substitute any
additional Demised Properties, over and above the Replacement Cap, without first obtaining the prior written consent of Landlord and any Landlord’s Mortgagee, which may be withheld in Landlord’s sole discretion. As a condition to Landlord
approval, Tenant shall submit for Landlord’s review evidence of the fair market value of the proposed Replacement Property, as determined by an appraisal thereof, taking into consideration all relevant factors, prepared by an independent
appraiser member of the Appraisal Institute of Canada who is mutually satisfactory to Landlord and Tenant with not less than ten (10) years experience appraising properties similar to the proposed Replacement Property, in the metropolitan area
in which the proposed Replacement Property is located, which shall be reasonably satisfactory to Landlord and any Landlord’s Mortgagee and compliant with Landlord’s Mortgagee’s regulatory requirements, as well as current survey,
current environmental report, records of any administrative proceedings or environmental claims involving the proposed Replacement Property, current title report (with copies of underlying title documents) and profit/loss statements for the previous
two years of the Replacement Property and similar data with respect thereto, as well as evidence of the fair market value of the proposed Replaced Property satisfactory to Landlord and any Landlord’s Mortgagee and compliant with Landlord’s
Mortgagee’s regulatory requirements, and other information with respect to the Replaced Property as Landlord and Landlord’s Mortgagee may reasonably request. Provided that (a) Landlord and Landlord’s Mortgagees, in their
reasonable good faith discretion, determine that the Replacement Property has equivalent or greater fair market value and equivalent or stronger financial operating history than the Replaced Property (with the parties acknowledging that any Replaced
Property that has been subject to a casualty and not fully reconstructed shall be valued as of the date immediately preceding such casualty, or assuming a full reconstruction thereof, whichever results in a higher fair market value);
(b) Landlord and Landlord’s Mortgagees, in their reasonable good faith discretion, determine that the Replacement Property has no material title defects or material environmental defects that require remediation pursuant to a Phase I
Environmental Site Assessment Report completed by a nationally recognized environmental consulting firm reasonably acceptable to Landlord and Tenant, and has no other material liability substantially greater than the Replaced Property on the date of
the applicable substitution; (c) Tenant has satisfied such other conditions as Landlord or Landlord’s Mortgagees may impose in their reasonable good faith discretion; (d) Landlord and Landlord’s Mortgagees, in their reasonable
good faith discretion, approve the substitution (such approval rights encompassing, without limitation, the consideration of the location, age, profitability and Tenant’s strategic use of the 

  

					
		 	-33-	 	MASTER LAND AND BUILDING LEASE

 
Replacement Property, as well as such other factors that institutional real estate investors typically apply in the underwriting of to-be-acquired real property, and (e) there shall be no
Event of Default occurring at the time in question, then Landlord, within thirty (30) days after the submission of all reports and other information required hereunder (such thirty (30) day period is referred to in this Article as the
“Consideration Period”) shall approve the substitution of the Replacement Property for the Replaced Property. Subject to the foregoing, in the event that Landlord fails to approve the proposed substitution, Landlord shall
deliver to Tenant a written notice within ten (10) days following the expiration of the Consideration Period disapproving the proposed substitution and describing which of Landlord’s and/or Landlord’s Mortgagees’ conditions have
not been satisfied. In the event of any such disapproval, Tenant shall have an additional fifteen (15) day period from and after the date Landlord’s disapproval notice is delivered to Tenant to submit any additional information or
documentation to Landlord regarding satisfaction of the foregoing conditions. In the event all the foregoing conditions are still not satisfied, then Landlord shall deliver to Tenant a second written notice within ten (10) days following the
expiration of such fifteen (15) day period disapproving the proposed substitution and describing which of said conditions have not been satisfied. 

In the event Landlord approves the substitution of the Replacement Property for the Replaced Property, Tenant shall execute and deliver to Landlord such
instruments and documents as Landlord shall reasonably require in connection therewith, including a registrable transfer, deed of sale or similar document, an amendment to this Lease, and an amended or new notice of lease (or similar instrument)
covering the Replacement Property, and Landlord shall convey the Replaced Property to Tenant (or Tenant’s designee) as is, with all faults, without any express or implied warranties. Any substitution of a Replacement Property for a Replaced
Property shall not alter any of the other obligations of Tenant under this Lease, including the Base Rent due from Tenant hereunder. Without limitation, Tenant shall be responsible for all Additional Rent (including real property taxes) regarding
the Replaced Property up to the date of transfer. Tenant shall pay all reasonable out-of-pocket expenses paid or incurred by Landlord pursuant to this Section, including, (i) Landlord’s, Affiliates of Landlord’s and Landlord’s
Mortgagees’ legal fees and expenses, any fees charged by Landlord’s Mortgagees for the release of the Replaced Property, the costs of any title policies (owner’s and/or lender’s) on the Replacement Property, registration costs,
and, without limiting any of Tenant’s obligations set forth in Article 3 of this Lease, any sales, transfer, and other taxes and registration fees, and any taxes required to be withheld, which may be payable in connection with the
conveyance of Replacement Property by Tenant or Replaced Property to Tenant (including any interest or penalties imposed with respect to the late payment of any such taxes), and (ii) such amount, which, when added to such payment, shall yield
to Landlord (after deduction of all expenses payable by Landlord with respect to all such payments) a net amount which Landlord would have realized from such payment had no such expenses been incurred. 

 

	ARTICLE 32	GUARANTY 

 Section 32.01 Guarantor shall guaranty Tenant’s
obligations under this Lease pursuant to the Guaranty Agreement substantially in the form of Exhibit G, executed and delivered to Landlord as of the Commencement Date (the “Guaranty”). In the event Guarantor shall cease to
own, directly or indirectly, substantially all of the assets of Tenant, Guarantor shall deliver a Replacement Guaranty, pursuant to Section 32.02 below. 

Section 32.02 Notwithstanding anything to the contrary contained herein, including, but not limited to, the fact that LSF9
Concrete Holdings Ltd is being set forth as the “Guarantor” on the Commencement Date of this Lease (LSF9 Concrete Holdings Ltd., in such capacity, the “Original Guarantor”), if at any time during the Lease Term, any
change in the organizational structure of Original Guarantor or any Affiliate thereof shall occur or be contemplated, including, but not limited to, resulting from either (i) the transfer, merger, or other change of Control of Original
Guarantor or any 

  

					
		 	-34-	 	MASTER LAND AND BUILDING LEASE

 
Affiliate thereof or (ii) any contemplated initial public offering of common stock in either the United States or the United Kingdom involving Original Guarantor or any Affiliate
thereof,, then Tenant shall have the right to provide one or more replacement guarantors to replace the Original Guarantor with respect to all of the obligations of Original Guarantor in respect of any guaranty relating to this Lease (each
such action, a “Replacement Guaranty”), subject to the terms and full satisfaction of all of the following conditions precedent: 

(a) Tenant has provided Landlord with not less than thirty (30) days prior written notice, which notice shall include the name and
jurisdiction of each proposed replacement guarantor; 
 (b) no Event of Default has occurred and is continuing; 

(c) the proposed replacement guarantor is an Approved Replacement Guarantor (as hereinafter defined); 

(d) each Approved Replacement Guarantor shall deliver to Landlord a guaranty (in the form attached as Exhibit G attached hereto),
pursuant to which such Approved Replacement Guarantor agrees to be liable under such guaranty from and after the Commencement Date (and the Original Guarantor or any subsequent Approved Replacement Guarantor then being replaced shall be released
from any further liability under the applicable guaranty) for all periods from and after the Commencement Date, and pursuant to which such Approved Replacement Guarantor shall be the “Guarantor” for all purposes set forth in this Lease);

 (e) Tenant shall submit to Landlord true, correct and complete copies of all documents reasonably requested by Landlord concerning the
organization and existence of such Approved Replacement Guarantor; 
 (f) Tenant shall pay all of Landlord’s reasonable out-of-pocket
costs and expenses in connection with the Replacement Guaranty; and 
 (g) The change in organizational structure giving rise to such
Replacement Guaranty is for a valid business purpose and not principally to avoid any obligations of Guarantor under the Guaranty. 
 Notification of any
proposed Replacement Guaranty may be revoked by Tenant at any time prior to such Replacement Guaranty having been consummated. 
  

	ARTICLE 33	LANDLORD’S RIGHTS UNDER LEASE 

 Any and all rights of Landlord under this
Lease shall inure to the benefit of Landlord’s successors and assigns, as well as Landlord’s Mortgagees and their successors and assigns as third party beneficiaries. 

 

	ARTICLE 34	RIGHT OF FIRST REFUSAL 

 Section 34.01 In consideration of the
sum of Ten and 00/100 Dollars ($10.00) paid to Landlord by Tenant, the receipt and sufficiency of which is hereby acknowledged, Landlord hereby grants Tenant a right of first refusal to purchase a Demised Property, subject to the terms and
conditions set forth in this Article 34. If at any time during the Lease Term, Landlord shall receive a bona fide offer from a Competitor for the purchase of any of the Demised Properties (whether or not solicited by Landlord) and Landlord
either has accepted such offer or shall desire to accept such offer, Landlord shall notify Tenant 

  

					
		 	-35-	 	MASTER LAND AND BUILDING LEASE

 
of any such offer (the “Offering Notice”) by notice to Tenant specifying the following terms and information: (a) the name and address of the third-party offeror,
(b) the purchase price for such Demised Property, and (c) any other terms and conditions set forth in such offer or, if applicable, the purchase agreement between Landlord and such third-party offeror (the “Third-Party Purchase
Agreement”) that are material to the sale of such Demised Property, as determined by Landlord in Landlord’s commercially reasonable discretion. 

Section 34.02 Tenant shall have fifteen (15) Business Days after the date of delivery of the Offering Notice to
exercise the right of first refusal granted in this Article 34 (the “Review Period”). Such right of first refusal shall be exercisable by Tenant notifying Landlord (within such Review Period) of Tenant’s
irrevocable election to purchase the applicable Demised Properties, subject only to the terms and conditions set forth in the Offering Notice (the “Exercise Notice”). Time shall be of the essence with respect to Tenant’s
election and the giving of the Exercise Notice, and any failure to give Landlord the Exercise Notice within such Review Period shall be deemed to be an election by Tenant to waive the rights with respect to the Offering Notice granted to Tenant
under this Article 34. 
 Section 34.03 Upon Tenant giving Landlord the Exercise Notice, Landlord and Tenant shall
irrevocably instruct counsel, consistent with this Article 34 and the terms of the Offering Notice. At or before the close of the purchase of a Demised Property pursuant to the terms of this Article 34, Landlord shall deliver to its counsel
its deed of sale (or such other type of deed as is specified in the Offering Notice) conveying to Tenant all of Landlord’s right, title and interest in such Demised Property, in the condition and state of title specified in the Offering Notice.
Both Landlord and Tenant agree to execute a purchase agreement, escrow instructions, an amendment to this Lease, an amended notice of lease or memorandum of lease (or similar instrument) and such other instruments as may be necessary or appropriate
to consummate the sale of such Demised Property in the manner provided in this Article 34. 
 Section 34.04 In the
event Tenant waives or is deemed to have waived its right of first refusal to purchase the applicable Demised Property, Landlord shall have the right to sell and convey the Demised Properties to such third-party offeror on the terms set forth in the
Offering Notice, and upon the consummation of such a sale, Tenant’s right of first refusal shall cease to exist with respect to such Demised Property. Landlord shall not (a) consummate such a sale to the third party offeror for a net
effective purchase price less than ninety five percent (95%) of the net purchase price set forth in the Offering Notice or (b) sell such Demised Property to a different Competitor than the Competitor disclosed in the applicable Offering
Notice, without once again being required to offer such Demised Property to Tenant in accordance with this Article 34; it being agreed Tenant’s right of first refusal shall remain in full force and effect for the remainder of the Lease
Term with respect to such Demised Property, subject to the terms of this Article 34. 
 Section 34.05
Notwithstanding anything contained herein to the contrary, it shall be a condition to Tenant’s right of first refusal under this Article 34 that on the date that the Exercise Notice is delivered, (a) this Lease has not been
terminated, (b) Tenant (together with Tenant’s Affiliates) is the named tenant herein and (c) there is no Event of Default then occurring or continuing. 
  

	ARTICLE 35	EXISTING LOANS 

 Tenant represents and warrants to Landlord that as of the date of
this Lease, to Tenant’s actual knowledge, the Existing Loans are in full force and effect. 

  

					
		 	-36-	 	MASTER LAND AND BUILDING LEASE

	ARTICLE 36	INTERPRETATION; MISCELLANEOUS 

 Section 36.01 For purposes of
this Lease, (a) the words “include”, “includes” and “including” shall be deemed to be followed by the words “without limitation” (unless already expressly followed by such phrase), and (b) the words
“herein”, “hereof”, “hereby”, “hereto” and “hereunder” refer to this Lease as a whole. Unless the context otherwise requires, references herein: (x) to Articles, Sections, Exhibits, and
Schedules mean the Articles and Sections of, and the Exhibits and Schedules attached to, this Lease; (y) to a lease, instrument or other document means such lease, instrument or other document as amended, supplemented and modified from time to
time to the extent permitted by the provisions thereof and by this Lease; and (z) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder. The
Schedules and Exhibits referred to herein shall be construed with and as an integral part of this Lease to the same extent as if they were set forth verbatim herein. Titles to Articles and headings of Sections are inserted for convenience of
reference only and shall not be deemed a part of or to affect the meaning or interpretation of this Lease. Any defined term used in the plural shall refer to all members of the relevant class, and any defined term used in the singular shall refer to
any one or more of the members of the relevant class. All references in this Lease to sums denominated in dollars or with the symbol “$” refer to the lawful currency of Canada, unless such reference specifically identifies another
currency. Where a provision of this Lease requires that that consent of a party shall not be unreasonably withheld, or that such consent is in such party’s reasonable discretion, such provision shall be deemed to require that such consent not
be unreasonably withheld, conditioned, or delayed. 
 Section 36.02 This Lease may be executed in counterparts and shall
be binding on all the parties hereto as if one document had been signed. The delivery of an executed copy of this Lease by facsimile transmission shall have the same force and effect as the delivery of the original, signed copy of this Lease. Time
is of the essence of every provision of this Lease. Any provision of this Lease explicitly providing for the performance by Tenant of obligations upon or after the expiration or termination of this Lease shall survive any such expiration or
termination. This Lease and the Exhibits attached hereto, all of which form a part hereof, set forth all the covenants, promises, agreements, conditions and understandings between Landlord and Tenant concerning the Demised Properties, and there are
no covenants, promises, agreements, conditions or understandings heretofore made, either oral or written, between them other than as herein set forth. No modification, amendment, change or addition to this Lease shall be binding upon Landlord or
Tenant unless reduced to writing and signed by each party. The captions, section numbers, and index appearing in this Lease are inserted only as a matter of convenience and in no way define, limit, construe or describe the scope or intent of such
sections or articles nor in any way affect this Lease. Nothing contained in this Lease shall be construed to create the relationship of principal and agent, partnership, joint venture or any other relationship between the parties hereto other than
the relationship of landlord and tenant. Except as explicitly set forth in this Lease, there shall be no third party beneficiaries of this Lease or any of the agreements contained herein. The failure of Landlord or Tenant to insist upon strict
performance of any of the terms and conditions hereof shall not be deemed a waiver of any rights or remedies that party or any other such party may have, and shall not be deemed a waiver of any subsequent breach or default in any of such terms,
covenants or conditions. 
  

	ARTICLE 37	QUIET ENJOYMENT 

 From and after the Commencement Date until the expiration or
termination of the Lease Term, and provided no Event of Default exists, Tenant shall have quiet enjoyment of the Demised Properties; subject to the terms and conditions of this Lease. 

  

					
		 	-37-	 	MASTER LAND AND BUILDING LEASE

	ARTICLE 38	NO MERGER OF TITLE 

 There shall be no merger of this Lease with any of the
leasehold estates created hereunder or with any fee estate or other leasehold interest in any of the Demised Properties, whether by reason of the fact that the same Person may acquire, hold or own, directly or indirectly more than one or all of such
legal interests in any Demised Property, unless and until: (a) under applicable Law such estates may be merged, and (b) all Persons having any leasehold interest or fee estate in any of the Demised Properties, or any part thereof sought to
be merged, shall enter into a written agreement effecting such a merger under applicable Law and shall duly register same; provided, however, no such merger shall occur unless in each instance Landlord and any Landlord’s Mortgagee shall be a
party to such agreement. 
  

	ARTICLE 39	BROKERS 

 Landlord (a) represents that it has dealt with no broker or brokers
in connection with the negotiation, execution and delivery of this Lease (other than Tenant’s broker) and (b) agrees to indemnify, defend, protect (with counsel selected by the Tenant, subject to the approval of Landlord) and hold Tenant
free and harmless of, from and against any and all Losses arising from (including all brokerage commissions and/or finder’s fees due or alleged to be due as a result of) any agreement or purported agreement made by Landlord. 

Tenant (a) represents that it has dealt with no broker or brokers other than CBRE, Inc. in connection with the negotiation, execution and
delivery of this Lease and (b) agrees to indemnify, defend, protect (with counsel selected by Landlord, subject to the approval of Tenant) and hold Landlord free and harmless of, from and against any and all Losses arising from (including all
brokerage commissions and/or finder’s fees due or alleged to be due as a result of) any agreement or purported agreement made by Tenant. 
  

	ARTICLE 40	LANGUAGE 

 The parties have requested that this Lease and all related documents be
drawn up in English only. Les parties aux présentes ont exigé que le présent contrat et tous les documents qui s’y rattachent soient rédigés en anglais seulement. 

 

	ARTICLE 41	PROVINCE SPECIFIC PROVISIONS 

 Section 41.01 Ontario.
Without limiting the choice of law provision set forth in Article 26, the following provisions shall apply to the extent that the laws of the Province of Ontario govern the interpretation or enforcement of this Lease with respect to any
Demised Property located in the Province of Ontario, as determined by a court of competent jurisdiction: 
 (a) Planning Act
(Ontario). This Lease and the provisions hereof, which create or are intended to create an interest in the Demised Properties, shall be effective to create such an interest with respect to the Demised Properties located in Ontario only if the
subdivision control provisions of the Planning Act (Ontario) are complied with. Until any required consent is obtained, the Lease Term shall be deemed to be twenty-one (21) years less one (1) day. Tenant shall be obligated to obtain
any required consent at its sole cost and expense and Landlord shall, without delay, provide such consents and authorizations as are necessary to permit Tenant to make any required applications to comply with the Planning Act (Ontario) as
aforesaid. 

  

					
		 	-38-	 	MASTER LAND AND BUILDING LEASE

 Section 41.02 Quebec. Without limiting the choice of law provision set
forth in Article 26, the following provisions shall apply to the extent that the laws of the Province of Quebec govern the interpretation or enforcement of this Lease with respect to any Demised Property located in the Province of Quebec, as
determined by a court of competent jurisdiction: 
 (a) Civil Code of Quebec Waivers. Landlord and Tenant agree to waive the
application of Articles 1854 and following of the Civil Code of Quebec to the extent modified by the terms of this Lease. In particular, and without limiting the generality of the foregoing, Tenant hereby waives the benefit of Articles 1859,
1861, 1863, 1865, 1868 and 1883 of the Civil Code of Quebec. 
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		 	-39-	 	MASTER LAND AND BUILDING LEASE

 IN WITNESS WHEREOF, the parties have executed this Lease to be effective as of the date first
above written. 
  

			
	LANDLORD:
	
	FORT-NOM HOLDINGS (ONQC) INC.,
	a British Columbia corporation,
		
	By:	 	 /s/ Gino M. Sabatini

	Name:	 	Gino M. Sabatini
	Its:	 	Managing Director

 [SIGNATURES CONTINUE ON NEXT PAGE] 

  

					
		 	Signature Page	 	MASTER LAND AND BUILDING LEASE

			
	TENANT:
	
	 FORTERRA PIPE & PRECAST, LTD.,

an Ontario corporation

		
	By:	 	 /s/ Lori M. Browne

	Name:	 	Lori M. Browne
	Its:	 	Vice President
	
	 FORTERRA PRESSURE PIPE, INC.,

a Quebec corporation

		
	By:	 	 /s/ Lori M. Browne

	Name:	 	Lori M. Browne
	Its:	 	Vice President
	
	 FORTERRA PIPE & PRECAST QUÉBEC, LTD.,

a Québec corporation

		
	By:	 	 /s/ Lori M. Browne

	Name:	 	Lori M. Browne
	Its:	 	Vice President

  

					
		 	Signature Page	 	MASTER LAND AND BUILDING LEASE (Canada)

 SCHEDULE 1 

DEFINED TERMS 
 The following capitalized terms
used in this Lease have the following meanings. 
 “Abandon” or “Abandoned” means to completely fail (or to
have completely failed) to look after a Demised Property or to completely and finally withdraw (or to have completely and finally withdrawn) from a Demised Property. 

“Additional Rent” means any and all fees, expenses, taxes and charges of every kind and nature arising in connection with or relating
to the Demised Properties (other than Base Rent), including (i) any and all taxes (including Real Estate Taxes), fees, utility service charges, insurance premiums, and other costs, and any amounts owed by Tenant under any indemnity to Landlord
hereunder, including as set forth in Article 9 and Article 29; and (ii) all fees and penalties that may accrue on any amounts due from Tenant hereunder if Tenant fails to pay such amounts in a timely manner. 

“Affiliate” means in relation to any Person, any Person which shall (i) control, (ii) be under the control of, or
(iii) be under common control with such Person (the term “control” as used herein shall be deemed to mean ownership of more than 25% of the outstanding voting stock of a corporation or other majority equity and control interest if
such Person is not a corporation) and the power to direct or cause the direction of the management or policies of such Person. 

“Allocated Base Rent Amount” is defined in Section 30.01. 

“Alterations” means all changes, additions, improvements or repairs to, all alterations, reconstructions, restorations, renewals,
replacements or removals of, and all substitutions or replacements for, any of the Improvements or Building Equipment, both interior and exterior, structural and non-structural, and ordinary and extraordinary and shall include any Major Alterations.

 “Annual Renewal Term Base Rent Notice” is defined in Exhibit B.  

“Application” means the commencement of proceedings for substantive relief in any bankruptcy, insolvency, debt restructuring,
reorganization, readjustment of debt, dissolution, liquidation, winding-up or other similar proceedings (including proceedings under the Bankruptcy and Insolvency Act (Canada), the Winding-up and Restructuring Act (Canada), the
Companies’ Creditors Arrangement Act (Canada), the incorporating statute of the relevant corporation or other similar legislation), including proceedings for the appointment of a trustee, interim receiver, receiver, receiver and manager,
administrative receiver, custodian, liquidator, provisional liquidator, administrator, sequestrator or other like official with respect to the relevant corporation or all or any material part of its property or assets, or under any other present or
future federal or provincial statute, law or regulation of similar intent or application. 
 “Approved Replacement Guarantor” means
a Person (1) for whom, prior to any Replacement, Landlord shall have received evidence that such Person has never been the subject of a voluntary or involuntary (to the extent the same has not been discharged) bankruptcy proceeding and there
are no material outstanding judgments against such Person and (2) (x) who is under common Control with Tenant and owns a direct or indirect interest in Tenant and (y) for whom consolidated financial statements are prepared, which
financial statements include the results of Tenant. 
 “Arbitrator” is defined in Section 31.01. 

  

					
		 	SCHEDULE 1	 	MASTER LAND AND BUILDING LEASE

 “Arbitrator Appointment Notices” is defined in Section 31.01. 

“Base Rent” is defined in Section 3.02(b). 

“Beginning CPI” is defined in Exhibit B. 

“Building Equipment” is defined in the Recitals to this Lease. 

“Building Equipment Alteration” is defined in the first paragraph of Article 6. 

“Business Day” means any day excluding (i) Saturday, (ii) Sunday, (iii) any day that is a legal holiday under the Laws
of the province of Québec or the province of Ontario, and (iv) any day on which banking institutions located in the province of Québec or the province of Ontario are generally not open for the conduct of regular business. 

“Commencement Date” is defined in the first paragraph of this Lease. 

“Competitor” means any entity that is primarily engaged in the business of concrete or steel pressure or non-pressure pipes, ductile
iron pipe, corrugated metal pipe, HDPE / PVC / GRP pipe, concrete boxes and box culverts, manholes, specialty precast products including, without limitation, utility vaults, retaining walls, mechanically stabilized earth walls, median barriers,
erosion mats, pile caps, utility trench, and other precast or pre-stressed concrete products. In addition, the definition of Competitor may be reasonably amended from time to time by Tenant, to the extent that Tenant actually enters new lines
of business, by serving Notice on Landlord under the terms of this Agreement; provided, such amended definition complies with the Permitted Uses set forth herein. 

“Consideration Period” is defined in Section 31.01. 

“Control” means, with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the direction of
the management and policies of such Person, through the ownership of voting securities, by contract or otherwise. 
 “CPI” is
defined in Section 3.02. 
 “Default” is defined in Section 15.01. 

“Delinquent Party” has the meaning set forth in Section 31.01 for use in that Section. 

“Demised Properties” is defined in the Recitals to this Lease. 

“Easement Agreement” means any conditions, covenants, restrictions, easements, declarations, licenses and other agreements as may now
or hereafter be recorded in the applicable land records for any of the Demised Properties, to the extent such agreements (or a copy thereof) have been, or are, promptly after the execution thereof, provided to Tenant. 

“Eligibility Requirements” is defined in Section 23.02. 

“Environmental Claims” is defined in Section 29.04. 

“Environmental Laws” means any federal, provincial or local law, statute, ordinance, permit condition, regulation or written policy
pertaining to public or worker health or safety, natural resources, climate change, or the regulation protection of the indoor or outdoor environment, the regulation or reporting of 

  

					
		 	SCHEDULE 1	 	MASTER LAND AND BUILDING LEASE

 
Hazardous Materials, including the following: (i) the Environment Quality Act (Québec) and the Environmental Protection Act (Ontario), and all regulations, published
governmental policies, and administrative or judicial orders promulgated under or implementing or enforcing said laws; (ii) all provincial or local laws and regulations which implement the foregoing federal laws or which pertain to public
health and safety, occupational health and safety, natural resources or environmental protection, all as amended from time to time, and all regulations, published governmental policies, and administrative or judicial orders promulgated under the
foregoing laws; (iii) all federal and provincial common law, including the common law of public or private nuisance, trespass, negligence or strict liability, where such common law pertains to public health and safety, occupational health and
safety, natural resources, environmental protection, the public trust doctrine, or the use and enjoyment of property, and all judicial orders promulgated under said laws; and (iv) all similar provincial laws, regulations, permit conditions, or
binding governmental policies or which otherwise regulate environmental matters and are applicable to any of the Demised Properties. 

“Environmental Media” means soil, fill material, or other geologic materials at all depths, groundwater at all depths, surface water
including storm water and sewerage, indoor and outdoor air, and all living organisms, including all animals and plants, whether such Environmental Media are located on or off the Demised Properties. 

“Equipment Relocation” is defined in Section 4.03.  

“Estoppel Certificate” is defined in Article 24. 

“Event of Default” is defined in Section 15.01. 

“Exercise Notice” is defined in Article 34. 

“Existing Loans” is defined in Section 15.01(k). 

“Existing Subleases” is defined in Section 22.04.  

“Extension Notice” is defined in Section 2.02(a). 

“Failing Party” has the meaning set forth in Section 31.01 for use in that Section. 

“Fair Market Rental Value” has the meaning set forth in Section 3.02 for use in that Section. 

“First Option Period” is defined in Section 2.02(a). 

“GAAP” means Canadian generally accepted accounting principles as in effect from time to time, including those set forth in the
Handbook of the Canadian Professional Accountants, which are applicable to the circumstances as of the date of determination. 
 “Governmental
Authority” means (i) any international, foreign, federal, provincial, regional, county or municipal government, or political subdivision thereof, (ii) any governmental or quasi-governmental agency, authority, board, bureau,
commission, department, instrumentality or public body, or (iii) any court, administrative tribunal or public utility. 

“Guarantor” means LSF9 Concrete Holdings Ltd., a company incorporated under the laws of the Bailiwick of Jersey, or any replacement
guarantor, pursuant to a Replacement Guaranty delivered in accordance with the terms hereof. 

  

					
		 	SCHEDULE 1	 	MASTER LAND AND BUILDING LEASE

 “Guaranty” shall mean the Guaranty of Master Land and Building Lease dated as of the date
hereof from Guarantor to Landlord guaranteeing the payment and performance by Tenant of all of Tenant’s obligations under this Lease, or any Replacement Guaranty delivered in accordance with the terms hereof. 

“Hazardous Materials” means any ignitable, reactive, explosive, corrosive, carcinogenic, mutagenic, toxic or radioactive material,
whether virgin material, secondary material, by-product, waste or recycled material, defined, regulated or designated as a contaminant, pollutant, hazardous or toxic substance, material, waste, contaminant or pollutant under any Environmental Laws
or otherwise regulated as hazardous under any other Canadian, state, provincial or local law, statute, regulation or ordinance presently in effect or as amended or promulgated in the future during the Term hereof, and shall specifically include:
(i) those materials included within the definitions of “hazardous substances,” “extremely hazardous substances,” “hazardous materials,” “toxic substances” “toxic pollutants,” “hazardous air
pollutants” “toxic air contaminants,” “solid waste,” “hazardous waste,” “pollutants,” contaminants,” “greenhouse gasses” or similar categories under any Environmental Laws; (ii) those
materials that create liability under common law theories of public or private nuisance, negligence, trespass or strict liability; and (iii) specifically including any material, waste or substance that contains: (A) petroleum or petroleum
derivatives byproducts, including crude oil and any fraction thereof and waste oil; (B) asbestos; (C) polychlorinated biphenyls; (D) formaldehyde; and (E) radon. If not already defined as a Hazardous Material under any of the
foregoing terms, mold and fungi of any type or concentration shall be deemed a Hazardous Material hereunder if present in any Improvements under such conditions or circumstance as to represent blight or any unsanitary condition or that impairs the
use of any Improvements or portion thereof for its intended uses. Hazardous Materials may be man-made or naturally occurring. 

“Improvements” is defined in the Recitals to this Lease. 

“Initial Adjustment Dates” is defined in Section 3.02(a). 

“Initial Base Date” is defined in Section 3.02(a). 

“Initial Base Rent Escalation” is defined in Section 3.02(a). 

“Land” is defined in the Recitals to this Lease. 

“Landlord” is defined in the first paragraph of this Lease. 

“Landlord Assignment and Assumption Agreement” is defined in Section 30.01. 

“Landlord Award Amount” means the amount of the award or indemnity actually received by Landlord for any taking of any portion of any
Demised Property, less any and all costs and expenses incurred by Landlord in connection with such taking (including any and all costs and expenses incurred by Landlord in connection with obtaining such award or indemnity). 

“Landlord Parties” means, collectively, (i) Landlord and any Landlord’s Mortgagee, and (ii) any successors or assigns
of any of Landlord, or any Landlord’s Mortgagee. 
 “Landlord’s Account” is defined in Section 3.01.

 “Landlord’s Mortgagee” means any Persons holding a hypothec, mortgage, deed of trust, deed to secure debt or similar
instrument encumbering Landlord’s interest in the Demised Properties or portion thereof. 

  

					
		 	SCHEDULE 1	 	MASTER LAND AND BUILDING LEASE

 “Late Fee” is defined in Section 15.03. 

“Law” means all international, foreign, federal, provincial and local statutes, treaties, rules, regulations, ordinances, codes,
directives, orders, or binding policies issued pursuant thereto, and binding administrative or judicial precedents. 
 “Lease” is
defined in the first paragraph of this agreement. 
 “Lease Term” is defined in Section 2.01(a). 

“Leasehold Mortgage” means any leasehold deed of trust, hypothec, mortgage, deed to secure debt, assignment of leases and rents,
assignment, security agreement, or other security document securing financing from a lender of Tenant and encumbering Tenant’s leasehold interest in any Demised Property. 

“Liens” means liens, hypothecs, mortgages, security interests, charges and encumbrances. 

“Losing Party” has the meaning set forth in Section 31.01 for use in that Section. 

“Losses” means all losses, claims, demands, actions, causes of action, settlements, obligations, duties, indebtedness, debts,
controversies, remedies, choses in action, liabilities, costs, penalties, fines, damages, injuries, judgments, forfeitures, or expenses (including reasonable attorneys’, consultant, testing and investigation and expert fees and court costs),
whether known or unknown, liquidated or unliquidated, or direct or indirect. 
 “MDDEL” is defined in Section 4.05. 

“Net Award” shall mean the entire proceeds of any insurance required under Section 10.01 and Section 10.01 (to the
extent payable to Landlord or Landlord’s Mortgagee), less any expenses incurred by Landlord and Landlord’s Mortgagee in collecting such award or proceeds. 

“Notice Date” has the meaning set forth in Section 31.01 for use in that Section. 

“Non-Preapproved Assignee” is defined in Section 22.01(c).  

“Non-Preapproved Assignment” is defined in Section 22.01(c).  

“Offering Notice” is defined in Article 34. 

“Option Period” is defined in Section 2.02(a). 

“Option Period Adjustment Date” is defined in Section 2.02(a). 

“Option Period Base Date” is defined in Section 2.02(a). 

“Option Period Base Rent Escalation” is defined in Section 2.02(c). 

“Option Renewal Adjustment Date” is defined in Section 2.02(a). 

“Original Lease Term” is defined in Section 2.01(a). 

“Original Movable Building Equipment” is defined in Recital A.  

  

					
		 	SCHEDULE 1	 	MASTER LAND AND BUILDING LEASE

 “Other Parties” is defined in Section 29.02. 

“Permitted Uses” means any heavy manufacturing or other industrial use and any ancillary uses (including ancillary office uses)
related thereto, as Tenant may determine in Tenant’s reasonable business judgment, provided that such use: (a) does not violate any applicable law, ordinance or regulation (including, but not limited to, those relating to environmental,
zoning and land use matters); or (b) does not violate registered matters or restrictions affecting the Demised Property (which, if created by Landlord during the Lease Term, were consented to by Tenant). 

“Person” means an individual, corporation, partnership, joint venture, association, joint-stock company, trust, estate, limited
liability company, non-incorporated organization or association, or any other entity, any Government Authority or any agency or political subdivision thereof. 

“Post-Occupancy Period” means the number of days that Tenant shall require (not to exceed sixty (60) consecutive days) for the
sole purpose of removing all Tenant Equipment from the Demised Properties, which period shall commence on the date immediately succeeding the expiration date of the Lease Term. 

“Post-Occupancy Removal Notice” means a statement by Tenant of the Post-Occupancy Period delivered to Landlord no later than twelve
(12) months prior to the expiration date of the Lease Term. 
 “Preapproved Sublet” is defined in
Section 22.01(a).  
 “Prior Months” is defined in Exhibit B. 

“Real Estate Taxes” means (i) all taxes and general and special assessments and other impositions in lieu thereof, or as a
supplement thereto and any other tax measured by the value of real property and assessed on a uniform basis against the owners of real property, including any substitution in whole or in part therefor due to a future change in the method of
taxation, and, except as otherwise provided in this Lease, including any increase in any of the foregoing resulting from any sale, exchange, mortgage, encumbrance, or other disposition by Landlord, in each case assessed against, or allocable or
attributable to, any of the Demised Properties and accruing during or prior to the Lease Term, and (ii) all transfer taxes imposed in connection with this Lease. 

“Release” means any active or passive spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping,
leaching, dumping or disposing into any Environmental Media. For the purposes of this Lease, “Release” also includes any threatened Release. 

“Remedial Activities” means any investigation, work plan, preparation, removal, repair, cleanup, abatement, remediation, monitored
natural attenuation, natural resource damage assessment and restoration, closure, post-closure, detoxification or remedial activity of any kind whatsoever necessary to address Environmental Conditions to the extent required by Environmental Laws.

 “Rent” means Base Rent plus Additional Rent. 

“Repairs” means all replacements, renewals, alterations, additions and betterments necessary for Tenant to properly maintain each
Demised Property in good order, repair and condition, safe and fit for its permitted use under this Lease. 
 “Replaced
Property” is defined in Section 31.01. 
 “Replacement Property” is defined in Section
31.01. 

  

					
		 	SCHEDULE 1	 	MASTER LAND AND BUILDING LEASE

 “Restoration Fund” is defined in Section 11.04.  

“Restoration Work” is defined in Section 11.01. 

“Review Criteria” is defined in Section 22.01(c). 

“Review Period” is defined in Article 34. 

“Second Option Period” is defined in Section 2.02(a). 

“Second Option Period Adjustment Date” is defined in Section 3.02(a). 

“Second Option Period Base Date” is defined in Section 3.02(a). 

“Shortfall Amount” is defined in Section 11.04.  

“Site Reviewers” is defined in Section 18.02. 

“Structural Encroachment” is defined in Section 8.03.  

“SNDA” is defined in Section 23.01. 

“Tenant” is defined in the first paragraph of this Lease. 

“Tenant Equipment” is defined in the Recitals to this Lease. 

“Tenant’s Lender” means any lender of Tenant that holds a Leasehold Mortgage. 

“Threshold Amount” means One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) for a period of twelve
(12) consecutive months, or such lesser amount as may be required to be placed within an escrow account by any Landlord’s Mortgagee. 

“US Demised Properties” means those certain properties listed on Exhibit A-2. 

“Use” means the receipt, handling, generation, storage, treatment, recycling, disposal, transfer, transportation, introduction, or
incorporation into, on, about, under or from the Demised Properties of Hazardous Materials. 
 “US Lease” means that certain Master
Land and Building Lease, dated on or about the date hereof, between Pipe Portfolio Owner Exchange (Multi) LP, a Delaware limited partnership, as Landlord and Forterra Pipe & Precast, LLC, a Delaware limited liability company, Forterra
Pressure Pipe, Inc., an Ohio corporation, Forterra Concrete Products, Inc., an Iowa corporation, and Forterra Concrete Industries, Inc., a Tennessee corporation, collectively, as Tenant, covering the US Demised Properties. 

“USP Holdings” means USP Holdings, Inc. 

“Winning Party” has the meaning set forth in Section 31.01. 

  

					
		 	SCHEDULE 1	 	MASTER LAND AND BUILDING LEASE

 SCHEDULE 2 

LIST OF ORIGINAL MOVABLE BUILDING EQUIPMENT 

[See Attached] 

  

					
		 	SCHEDULE 2-1	 	MASTER LAND AND BUILDING LEASE

 Forterra Sale leaseback 

Site Detailed data 
  

																			
	($ in 000’s)	 	 	 	Percentage complete	 	100%	 	 
	 	 	 	 	 Location (Address)

	 	 	 	 	 	 
	 	 	 Name of Plant
	 	 Street
	 	 City 
	 	 State
	 	Post Code	 	Country	 	 Segment
	 	Overhead
cranes	 	 Crane Capacities

	10	 	Cambridge	 	2099 Roseville Road	 	Cambridge	 	Ontario	 	N1R5S3	 	CAD	 	Gravity Pipe & Precast	 	9	 	5T; 7.5T; (3) 11T; (2) 25T; (2) 30T
										
	24	 	Ottawa	 	3374 Rideau Road	 	Gloucester	 	Ontario	 	K1G3N4	 	CAD	 	Gravity Pipe & Precast	 	2	 	15T; 25T
										
	33	 	St-Eustache	 	699-701 Industrial Blvd.	 	St. Eustache	 	Quebec	 	J7R6C3	 	CAD	 	Pressure Pipe	 	24	 	(3) 1T; (2) 2T; (6) 3T; (7) 5T; 8T; (2) 10T; 15T; (2) 20T
										
	34	 	Uxbridge	 	102 Prouse Road	 	Uxbridge	 	Ontario	 	L4A7X4	 	CAD	 	Pressure Pipe	 	8	 	3T; (3) 5T; (2) 7.5T; 10T; 40T
										
	63	 	Mascouche	 	1331 Avenue De La Gare	 	Mascouche	 	Quebec	 	J7K3G6	 	CAD	 	Gravity Pipe & Precast	 	8	 	1T; 1.5T; 2T; 3T; 8T; 11T; (2) 20T;
										
	66	 	Stouffville	 	5387 Bethesda Rd	 	Stouffville	 	Ontario	 	L4A7X3	 	CAD	 	Pressure Pipe	 	5	 	3T; (2) 5T; (2) 10T

 SCHEDULE 4.04 

LIST OF VIOLATIONS OF LAW 
 [None]

  

					
		 	SCHEDULE 4.04	 	MASTER LAND AND BUILDING LEASE

 SCHEDULE 4.05 

LIST OF OPEN BUILDING PERMITS, ESA NOTICES, MUNICIPAL AGREEMENTS AND MDDEL NON-CONFORMITY NOTICE 

PART A: 
 STOUFFVILLE DEMISED PROPERTY: 

 

	1.	Town of Whitchurch-Stouffville Building Permit No. 2002-0214. 

  

	2.	Town of Whitchurch-Stouffville Building Permit No. 2003-0369. 

  

	3.	Town of Whitchurch-Stouffville Building Permit No. 2015-0594. 

 UXBRIDGE DEMISED PROPERTY: 

 

	4.	Electrical Safety Authority SAP Notification No. 14824936. 

 PART B: 

OTTAWA DEMISED PROPERTY: 
  

	1.	Supplementary Development Agreement made October 21, 2002 between Hanson Pipe & Products Canada, Inc. and City of Ottawa, notice of which was registered against title to the Ottawa Demised Property on
February 25, 2004 as Instrument No. OC302893. 

 PART C: 

MASCOUCHE DEMISED PROPERTY: 
  

	2.	Non-Conformity Notice (Avis de non-conformité) issued by Ministère du Développement Durable, de l’Environnement et de la Lutte contre les Changements Climatiques du Québec to HBP
Pipe & Precast Québec Ltd. (now known as Forterra Pipe & Precast Québec, Ltd.) on January 13, 2016 bearing reference number 7610-14-01-05085-01-401315979 

  

					
		 	SCHEDULE 4.05	 	MASTER LAND AND BUILDING LEASE

 SCHEDULE 7.02 

LIST OF REQUIRED REPAIRS 
 [See
Attached] 

  

					
		 	SCHEDULE 7.02	 	MASTER LAND AND BUILDING LEASE

 PCA Summary of Immediate and Short-term Recommendations 

 

																					
	 Partner
Site #
	 	Forterra
Site #	 	 	 Street Address
	 	 City 
	 	 State
	 	 Post Code
	 	 Country
	 	Immediate & Short-term
Repairs Total Cost	 	 	
Immediate & Short-term Recommendations
(For additional 
information, refer to the PCA Section noted below)

	57	 	 	35	  	 	2099 Roseville Road	 	Cambridge	 	Ontario	 	N1R5S3	 	CAN	 	$	0	  	 	NA
									
	58	 	 	32	  	 	3374 Rideau Road	 	Gloucester	 	Ontario	 	K1G3N4	 	CAN	 	$	15,000	  	 	Short-term Repair - Section 5.3: Reported capital improvement - replace main electrical panels.
									
	59	 	 	33	  	 	5387 Bethesda Rd	 	Stouffville	 	Ontario	 	L4A7X3	 	CAN	 	$	0	  	 	NA
									
	60	 	 	34	  	 	102 Prouse Road	 	Uxbridge	 	Ontario	 	L4A7X4	 	CAN	 	$	3,000	  	 	Short-term Repair - Section 3.3.2: Restripe parking lot.
									
	61	 	 	30	  	 	1331 Avenue De La Gare	 	Mascouche	 	Quebec	 	J7K3G6	 	CAN	 	$	5,000	  	 	 Immediate Repair - Section 3.3.2: Repair potholes and remove potential trip hazards at asphalt pavement throughout site.

Short-term Repair - Section 4.3.1: Several areas of damaged metal panels were observed at isolated locations of the plant building. Repair of the observed
damages is recommended.

									
	62	 	 	31	  	 	699-701 Boulevard Industriel	 	Saint-Eustache	 	Quebec	 	J7R6C3	 	CAN	 	$	13,700	  	 	 Immediate Repair - Section 3.3.2: Extensive linear cracking, “map” or “alligator cracking, and pothole formation were noted in
isolated locations throughout the subject property. Repair is recommended.
 Short-term Repair - Section 4.3.1: Several areas of damaged and oxidized metal
panels were observed at isolated locations of the plant building. Repair of the observed damages is recommended.
 Immediate Repair - Section 4.4.1: Several
areas of water damage were observed at ceiling locations underneath several skylights. New flashing / sealant around the skylights is recommended.

		 				 		 		 		 		 		 	  
	  
	 	 	
		 				 	 Total:
	 	$	36,700	  	 	
		 				 		 		 		 		 		 	  
	  
	 	 	

 EXHIBIT A-1 

LOCATION/ADDRESS OF DEMISED PROPERTIES/ADJUSTMENT AMOUNTS 
  

																					
	 ADDRESS
	  	CITY	 	  	STATE	 	  	POSTAL
CODE	 	  	COUNTRY	 	  	ADJUSTMENT
AMOUNTS	 
	 2099 Roseville Road
	  	 	Cambridge	  	  	 	Ontario	  	  	 	N1R5S3	  	  	 	CAN	  	  	 	19.389	% 
	 3374 Rideau Road
	  	 	Gloucester	  	  	 	Ontario	  	  	 	K1G3N4	  	  	 	CAN	  	  	 	8.166	% 
	 5387 Bethesda Road
	  	 	Stouffville	  	  	 	Onatrio	  	  	 	L4A7X3	  	  	 	CAN	  	  	 	26.846	% 
	 102 Prouse Road
	  	 	Uxbridge	  	  	 	Ontario	  	  	 	L4A7X4	  	  	 	CAN	  	  	 	6.357	% 
	 1331 Avenue de la Gare
	  	 	Maschouche	  	  	 	Quebec	  	  	 	J7K3G6	  	  	 	CAN	  	  	 	7.364	% 
	 699-701 Industrial Blvd.
	  	 	Saint-Eustache	  	  	 	Quebec	  	  	 	J7R6C3	  	  	 	CAN	  	  	 	31.879	% 
		  				  				  				  				  	  
	  
	 
		  				  				  				  				  	 	100.000	% 
		  				  				  				  				  	  
	  
	 

  

					
		 	EXHIBIT A-1	 	MASTER LAND AND BUILDING LEASE

 EXHIBIT A-2 

LIST OF US DEMISED PROPERTIES 
  

													
	 	  	 Name of Plant
	  	 Street
	  	City	  	State	  	Post Code	  	Country
	1.	  	Billings, MT	  	1521 South 32nd Street West	  	Billings	  	MT	  	59102	  	USA
							
	2.	  	Bonner Spring, KS	  	23600 West 40th Street	  	Bonner Spring	  	KS	  	66226	  	USA
							
	3.	  	Hawley, MN	  	401 Michael Street S; and 1025 Cretex Street	  	Hawley	  	MN	  	56549	  	USA
							
	4.	  	Iowa Falls, IA	  	540 Country Club Road	  	Iowa Falls	  	IA	  	50126	  	USA
							
	5.	  	Marshalltown, IA	  	2002 East Olive Street	  	Marshalltown	  	IA	  	50158	  	USA
							
	6.	  	Menoken, ND	  	1101 158th Street Northeast	  	Menoken	  	ND	  	58558	  	USA
							
	7.	  	Rapid City, SD	  	1601 Culvert Street	  	Rapid City	  	SD	  	57701	  	USA
							
	8.	  	Cedar Hill Pipe Plant	  	2138 Highway 67 South	  	Cedar Hill	  	TX	  	75104	  	USA
							
	9.	  	Columbus Gravity Pipe Plant	  	1500 Haul Rd.	  	Columbus	  	OH	  	43207	  	USA
							
	10.	  	Deland Precast Plant	  	840 West Ave	  	Deland	  	FL	  	32720	  	USA
							
	11.	  	EI Mirage	  	12600 W. Northern Ave	  	El Mirage	  	AZ	  	85335	  	USA
							
	12.	  	Florin Road	  	7020 Tokay Avenue	  	Sacramento	  	CA	  	95828	  	USA
							
	13.	  	Grand Prairie Gravity Plant, Grand Prairie Precast Plant, Grand Prairie	  	1000 N. MacArthur Blvd.	  	Grand Prairie	  	TX	  	75050	  	USA
							
	14.	  	Houston Box Plant, Houston Jersey Village Gravity Pipe Plant, Houston Precast Plant	  	11201 FM 529	  	Houston	  	TX	  	77240	  	USA

  

					
		 	EXHIBIT A-2	 	MASTER LAND AND BUILDING LEASE

													
	15.	  	Jackson Pipe Plant	  	2840 West Northside Drive	  	Jackson	  	MS	  	39213	  	USA
							
	16.	  	Macedonia Plant	  	7925 Empire Parkway	  	Macedonia	  	OH	  	44056	  	USA
							
	17.	  	Oklahoma City Pipe Plant	  	6504 S. Interpace	  	Oklahoma City	  	OK	  	73135	  	USA
							
	18.	  	Shafter	  	30781 San Diego St	  	Shafter	  	CA	  	93263	  	USA
							
	19.	  	Waco Precast Plant	  	11710 Chapel Road	  	Hewitt	  	TX	  	76643	  	USA
							
	20.	  	Winter Haven Pipe Plant	  	1285 Lucerne Loop Road	  	Winter Haven	  	FL	  	33881	  	USA
							
	21.	  	Bakewell	  	550 Industrial Blvd	  	Sale Creek	  	TN	  	373273	  	USA
							
	22.	  	South Beloit	  	4416 Prairie Hill Road	  	South Beloit	  	IL	  	61080	  	USA
							
	23.	  	Bar Nunn, WY	  	2175 Westwinds Road	  	Bar Nunn	  	WY	  	82601	  	USA
							
	24.	  	Cedar Rapids, IA	  	3921 J Street Southwest	  	Cedar Rapids	  	IA	  	52404	  	USA
							
	25.	  	Oskaloosa, KS	  	5150 US Highway 59	  	Lawrence	  	KS	  	66066	  	USA
							
	26.	  	Shakopee, MN	  	7070 Cretex Avenue	  	Shakopee	  	MN	  	55379	  	USA
							
	27.	  	Dayton Precast Plant	  	1504 N. Gettysburg Ave.	  	Dayton	  	OH	  	45417	  	USA
							
	28.	  	Gretna Pipe Plant	  	55 Dritches Hayes Clary Ave	  	Gretna	  	FL	  	32332	  	USA
							
	29.	  	Marianna Precast Plant	  	4043 Family Dollar Parkway	  	Marianna	  	FL	  	32448	  	USA
							
	30.	  	Robstown Gravity Pipe Plant	  	1610 Highway 77 South	  	Robstown	  	TX	  	78380	  	USA

  

					
		 	EXHIBIT A-2	 	MASTER LAND AND BUILDING LEASE

													
	31.	  	Athens Precast Plant	  	625 B Hancock Industrial Way	  	Athens	  	GA	  	30605	  	USA
							
	32.	  	Little Rock Pipe Plant	  	1300 Bond Street	  	Little Rock	  	AR	  	72202	  	USA
							
	33.	  	Montgomery Gravity Pipe Plant	  	1616 Parallel Street	  	Montgomery	  	AL	  	36104	  	USA
							
	34.	  	New Orleans Gravity Pipe Plant	  	13201 Old Gentilly Road	  	New Orleans	  	LA	  	70150	  	USA
							
	35.	  	Rome Pipe Plant	  	223 John Davenport Drive	  	Rome	  	GA	  	30165	  	USA
							
	36.	  	St. Martinville Pipe Plant	  	520 W. Port Street	  	St. Martinville	  	LA	  	70582	  	USA
							
	37.	  	West Memphis Pipe Plant	  	501 East Jefferson	  	West Memphis	  	AR	  	72301	  	USA
							
	38.	  	Plattsmouth, NE	  	369 Wiles Road	  	Plattsmouth	  	NE	  	68048	  	USA
							
	39.	  	Lubbock	  	1624 Marshall St	  	Lubbock	  	TX	  	79415	  	USA
							
	40.	  	Sherman-Dixie Lexington	  	759 Phillips Lane and 760 Phillips Lane	  	Lexington	  	KY	  	40504	  	USA
							
	41.	  	Sherman-Dixie Franklin	  	313 Downs Boulevard	  	Franklin	  	TN	  	37064	  	USA

  

					
		 	EXHIBIT A-2	 	MASTER LAND AND BUILDING LEASE

 EXHIBIT B 

METHOD OF CPI ADJUSTMENT FOR OPTION PERIOD BASE RENT 

(a) As of each Option Period Adjustment Date when the average CPI determined in clause (i) below exceeds the Beginning CPI (as defined in
this Paragraph), the annual Base Rent in effect immediately prior to the applicable Option Period Adjustment Date shall be multiplied by a fraction, the numerator of which shall be the difference between (i) the average CPI for the
three (3) most recent calendar months (the “Prior Months”) ending prior to such Option Period Adjustment Date for which the CPI has been published on or before the forty-fifth (45th) day preceding such Option Period Adjustment Date and (ii) the Beginning CPI, and the denominator of which shall be the Beginning CPI. The product of such multiplication shall be added to the
Base Rent in effect immediately prior to such Option Period Adjustment Date. Notwithstanding the foregoing, at each Option Period Adjustment Date, the CPI Adjustment shall be no greater than four percent (4%) of the annual Base Rent in effect
immediately prior to the applicable Option Period Adjustment Date. As used herein, “Beginning CPI” shall mean the average CPI for the three (3) calendar months corresponding to the Prior Months, but occurring one
(1) year earlier. If the average CPI determined in clause (i) is the same or less than the Beginning CPI, the Base Rent will remain the same for the ensuing one (1) year period. 

(b) Effective as of a given Option Period Adjustment Date, Base Rent payable under this Lease until the next succeeding Option Period
Adjustment Date shall be the Base Rent in effect after the adjustment provided for as of such Option Period Adjustment Date. 
 (c) Notice
of the new annual Base Rent (each an “Annual Renewal Term Base Rent Notice”) shall be delivered to Tenant on or before the tenth (10th) day preceding each Option
Period Adjustment Date. If Landlord does not deliver an Annual Renewal Term Base Rent Notice on or before the tenth (10th) day preceding the applicable Option Period Adjustment Date, Tenant
shall provide written notice of such failure to Landlord, and, if Landlord fails to deliver the applicable Annual Renewal Term Base Rent Notice within ten (10) Business Days after receipt of such notice from Tenant, then such failure shall be
deemed a waiver of Landlord’s rights to collect such sums until the next succeeding Option Period Adjustment Date. 

  

					
		 	EXHIBIT B	 	MASTER LAND AND BUILDING LEASE

 EXHIBIT C 

FORM OF SNDA 

SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT 

THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (“Agreement”) is entered into as of
[            ], 20[    ] (the “Effective Date”) by and among
[                    ] (together with any other holder of the Loan (defined below) and their respective successors and assigns,
“Mortgagee”), [                    ], a
[                    ] (hereinafter, the “Tenant”) and
[                    ], a
[                    ] (“Landlord”). 

RECITALS 
 A. Landlord owns title
in the real property described in Exhibit “A” attached hereto (the “Property”). 
 B. Mortgagee has made
or intends to make a loan to Landlord (the “Loan”). 
 C. To secure the Loan, Landlord has or will encumber the
Property by entering into a hypothec, mortgage or deed of trust in favor of Mortgagee (as amended, increased, renewed, extended, spread, consolidated, severed, restated, or otherwise changed from time to time, the “Mortgage”)
to be registered in the land registries. 
 D. Pursuant to the Lease dated
[                    ], (the “Lease”) between Landlord and Tenant, Landlord leased the Property to Tenant, as more
particularly described in the Lease (the “Leased Premises”). 
 E. [A Notice of Lease dated
                     by and between Tenant and Landlord regarding the Lease is [to be] registered [herewith] with the
                    .] 
 F.
Tenant and Mortgagee desire to agree upon the relative priorities of their interests in the Property and their rights and obligations if certain events occur. 

NOW, THEREFORE, for good and sufficient consideration, Tenant and Mortgagee agree: 

1. Definitions. The following terms shall have the following meanings for purposes of this agreement. 

a. Foreclosure Event. A “Foreclosure Event” means: (i) foreclosure under the Mortgage; (ii) any other
exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which Mortgagee becomes owner of the Property; or
(iii) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property in lieu of any of the foregoing. 

b. Former Landlord. A “Former Landlord” means Landlord and any other party that was landlord under the Lease at
any time before the occurrence of any attornment under this Agreement. 

  

					
		 	EXHIBIT C	 	MASTER LAND AND BUILDING LEASE

 c. Offset Right. An “Offset Right” means any right or alleged
right of Tenant to any defense (other than one arising from actual payment and performance, which payment and performance would bind a Successor Landlord pursuant to this Agreement), claim, counterclaim, reduction, deduction, or abatement against
Tenant’s payment of Rent or performance of Tenant’s other obligations under the Lease, arising (whether under the Lease or under applicable law) from Landlord’s breach or default under the Lease. 

d. Rent. The “Rent” means any fixed rent, base rent or additional rent under the Lease. 

e. Successor Landlord. A “Successor Landlord” means any party that becomes owner of the Property as the result
of a Foreclosure Event. 
 f. Termination Right. A “Termination Right” means any right of Tenant to cancel or
terminate the Lease or to claim a partial or total eviction arising (whether under the Lease or under applicable law) from Landlord’s breach or default under the Lease. 

g. Other Capitalized Terms. If any capitalized term is used in this Agreement and no separate definition is contained in this
Agreement, then such term shall have the same respective definition as set forth in the Lease. 
 2. Subordination. Subject to the provisions hereof,
the Lease, as the same may hereafter be modified, amended or extended, shall be, and shall at all times remain, subject and subordinate to the Lien of the Mortgage (but not to the terms thereof), and all advances made under the Mortgage.
Notwithstanding the foregoing, Mortgagee may elect, in its sole and absolute discretion, to subordinate the Lien of the Mortgage to the Lease. 
 3.
Nondisturbance, Recognition and Attornment. 
 a. No Exercise of Mortgage Remedies Against Tenant. So long as Tenant is not in
default under the Lease beyond any applicable grace or cure periods with respect to a default that would allow Landlord, pursuant to the Lease, to terminate same (an “Event of Default”), Mortgagee (i) shall not terminate
or disturb Tenant’s possession of the Leased Premises or rights under the Lease, except in accordance with the terms of the Lease and (ii) shall not name or join Tenant as a defendant in any exercise of Mortgagee’s rights and remedies
arising upon a default under the Mortgage, unless applicable law requires Tenant to be made a party thereto as a condition to proceeding against Landlord or prosecuting such rights and remedies. In the latter case, Mortgagee may join Tenant as a
defendant in such action only for such purpose and not to terminate the Lease or otherwise adversely affect Tenant’s rights under the Lease or this Agreement in such action. 

b. Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to
Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant’s direct landlord under the Lease as affected by this Agreement; and
(iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges that, pursuant to the Mortgage and
assignment of rents, leases and profits, Landlord has granted to Mortgagee an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to
Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by Mortgagee. After receipt of such notice from Mortgagee, Tenant shall thereafter make all such payments directly to Mortgagee or as Mortgagee may
otherwise direct, without any further inquiry on the part of Tenant. Landlord specifically agrees that Tenant may 

  

					
		 	EXHIBIT C	 	MASTER LAND AND BUILDING LEASE

 
conclusively rely upon any written notice Tenant receives from Mortgagee notwithstanding any claim by Landlord contesting the validity of any term or condition of such notice, including, but not
limited to, any default claimed by Mortgagee, and that Landlord shall not make any claim of any kind whatsoever against Tenant or Tenant’s leasehold interest with respect to any amounts paid to Mortgagee by Tenant or any acts performed by
Tenant, pursuant to such written notice, and such amounts paid to Mortgagee shall be credited to amounts due under the Lease as if such amounts were paid directly to Landlord. 

c. Further Documentation. The provisions of this Article 3 shall be effective and self-operative without any need for Successor
Landlord or Tenant to execute any further documents. Tenant and Successor Landlord shall, however, confirm the provisions of this Article 3 in writing upon request by either of them within thirty (30) days of such request. 

4. Protection of Successor Landlord. Notwithstanding anything to the contrary in the Lease or the Mortgage, Successor Landlord shall not be liable for
or bound by any of the following matters: 
 a. Claims Against Former Landlord. Any Offset Right that Tenant may have against any
Former Landlord, unless (i) such Offset Right arises after the date Mortgagee encumbers the Property with the Mortgage and (ii) Tenant shall have given written notice to Mortgagee of such Offset Right promptly upon Tenant’s actual
knowledge of the occurrence of the event(s) giving rise to such Offset Right. The foregoing shall not limit either (x) Tenant’s right to exercise against Successor Landlord any Offset Right otherwise available to Tenant because of events
occurring after the date of a Foreclosure Event or because of events occurring on or before the date of a Foreclosure Event, notice of which shall have been given to Mortgagee, or (y) Successor Landlord’s obligation to correct any
conditions that existed as of the date of a Foreclosure Event that violate Successor Landlord’s obligations as landlord under the Lease. 

b. Prepayments. Any payment of Rent that Tenant may have made to Former Landlord more than thirty (30) days before the date such
Rent was first due and payable under the Lease with respect to any period after the date of a Foreclosure Event and Tenant’s receipt of notice of such Foreclosure Event other than, and only to the extent that, the Lease expressly required such
a prepayment or such payment was delivered to Mortgagee or Successor Landlord. 
 c. Security Deposit; Representations and
Warranties. Any obligation (i) with respect to any security deposited with Former Landlord, unless such security was actually delivered to Mortgagee or Successor Landlord; or (ii) arising from a breach by Former Landlord of
representations and warranties contained in the Lease; or (iii) without in any way superseding subsection (a) above, to pay Tenant any sum(s) accrued prior to Successor Landlord becoming owner of the Property and owed to Tenant by Former
Landlord, unless actually paid over to Successor Landlord. 
 d. Modification, Amendment or Waiver. Any modification or amendment of
the Lease, or any waiver of the terms of the Lease, made without Mortgagee’s written consent (which consent shall not be unreasonably withheld, conditioned or delayed), excepting, however, commercially reasonable non-material amendments or
modifications of the Lease (for the avoidance of doubt, such non-material modifications do not include any changes in the rights of any “Landlord Mortgagee” as such term is defined in the Lease, reductions in rent, reductions in length of
term, imposition of material obligations on Landlord or material reductions of the obligations of Tenant under the Lease) which are the result of good faith, arm’s length negotiations between Landlord and Tenant and of which Mortgagee receives
prompt notice together with a copy of such amendment. 

  

					
		 	EXHIBIT C	 	MASTER LAND AND BUILDING LEASE

 e. Surrender, Etc. Any consensual or negotiated surrender, cancellation, or termination of
the Lease, in whole or in part, agreed upon between Landlord and Tenant, unless effected unilaterally by Tenant pursuant to the express terms of the Lease. 

5. Exculpation of Successor Landlord. Notwithstanding anything to the contrary in this Agreement or the Lease, Successor Landlord’s obligations
and liability under the Lease shall never extend beyond Successor Landlord’s (or its successors’ or assigns’) interest, if any, in the Property from time to time, including without limitation insurance and expropriation proceeds,
security deposits, escrows, Successor Landlord’s interest in the Lease, and the proceeds from any sale, lease or other disposition of the Property (or any portion thereof) by Successor Landlord (collectively, the “Successor
Landlord’s Interest”). Tenant shall look exclusively to Successor Landlord’s Interest (or that of its successors and assigns) for payment or discharge of any obligations of Successor Landlord under the Lease as affected by
this Agreement. If Tenant obtains any money judgment against Successor Landlord with respect to the Lease or the relationship between Successor Landlord and Tenant, then Tenant shall look solely to Successor Landlord’s Interest (or that of its
successors and assigns) to collect such judgment. Tenant shall not collect or attempt to collect any such judgment out of any other assets of Successor Landlord. Nothing set forth in this paragraph shall be construed to limit Tenant’s equitable
remedies, including specific performance and injunctive relief. 
 6. Casualty and Expropriation. Mortgagee agrees that, notwithstanding any
provision of the Mortgage or any instrument secured by the Mortgage, any insurance proceeds and any expropriation awards which may be received by any party hereto and which relate to the Property shall be used or disbursed in accordance with the
terms of the Lease. 
 7. Mortgagee’s Right to Cure. Notwithstanding anything to the contrary in the Lease or this Agreement, before exercising
any Offset Right or Termination Right: 
 a. Notice to Mortgagee. Tenant shall provide Mortgagee with notice of the breach or default
by Landlord giving rise to same (the “Default Notice”) and, thereafter, the opportunity to cure such breach or default as provided for below. 

b. Mortgagee’s Cure Period. After Mortgagee receives a Default Notice, Mortgagee shall have a period of thirty (30) days
under the Lease in which to cure the breach or default by Landlord. Mortgagee shall have no obligation to cure (and, without limiting anything contained in Section 4(a) above, shall have no liability or obligation for not curing) any breach or
default by Landlord, except to the extent that Mortgagee agrees or undertakes otherwise in writing. In addition, as to any breach or default by Landlord the cure of which requires possession and control of the Property, if Mortgagee undertakes such
cure or causes such cure to be commenced by a receiver within the period permitted by this paragraph, and so long as Mortgagee continues to or causes a receiver to diligently and in good faith cure such breach or default, Mortgagee’s cure
period shall continue for such additional time (but in any event not to exceed ninety (90) days in the aggregate) as Mortgagee may reasonably require to either (i) obtain possession and control of the Property with due diligence and
thereafter cure the breach or default with reasonable diligence and continuity; or (ii) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the default. Nothing set forth in this paragraph
shall limit Tenant’s rights to cure a breach or default and receive any reimbursement to which it is entitled under the Lease. 
 8.
Miscellaneous. 
 a. Notices. Any notice or request given, or demand made, under this Agreement by one party to the other shall
be in writing, and may be given or be served by hand delivered personal service, or 

  

					
		 	EXHIBIT C	 	MASTER LAND AND BUILDING LEASE

 
by depositing the same with a reliable overnight courier service or by deposit in the Canadian mail, postpaid, registered or certified mail, and addressed to the party to be notified, with return
receipt requested or by telefax transmission, with the original machine- generated transmit confirmation report as evidence of transmission. Notice deposited in the mail in the manner hereinabove described shall be effective from and after the
expiration of three (3) days after it is so deposited; however, delivery by overnight courier service shall be deemed effective on the next succeeding business day after it is so deposited, and notice by personal service or telefax transmission
shall be deemed effective when delivered to its addressee or within two (2) hours after its transmission, unless given after 3:00 p.m. on a business day, in which case it shall be deemed effective at 9:00 a.m. on the next business day. For
purposes of notice, the addresses and telefax number of the parties shall, until changed as herein provided, be as follows: 
 If to
Mortgagee, at: 
 and 
 If to
Tenant, at: 
 and: 
 b.
Successors and Assigns. This Agreement shall bind and benefit the parties, their successors and assigns, any Successor Landlord, and its successors and assigns. If Mortgagee assigns the Mortgage, then upon delivery to Tenant of written notice
thereof accompanied by the assignee’s written assumption of all obligations under this Agreement, all liability of the assignor shall terminate. 

c. Entire Agreement. This Agreement constitutes the entire agreement between Mortgagee and Tenant regarding the subordination of the
Lease to the Mortgage and the rights and obligations of Tenant and Mortgagee as to the subject matter of this Agreement. 
 d.
Interaction with Lease and with Mortgage. If this Agreement conflicts with the Lease, then this Agreement shall govern as between the parties and any Successor Landlord, including upon any attornment pursuant to this Agreement. This Agreement
supersedes, and constitutes full compliance with, any provisions in the Lease that provide for subordination of the Lease to, or for delivery of nondisturbance agreements by the holder of, the Mortgage. 

e. Mortgagee’s Rights and Obligations. Except as expressly provided for in this Agreement, Mortgagee shall have no obligations to
Tenant with respect to the Lease. If a Foreclosure Event occurs, then all rights and unaccrued obligations of Mortgagee under this Agreement shall terminate, without thereby affecting in any way the rights and obligations of Successor Landlord
provided for in this Agreement or under the Lease. 
 f. Interpretation; Governing Law. For all purposes relating to any Property
located in the Province of Ontario, the interpretation, validity and enforcement of this Agreement shall be governed by and construed under the laws of the province of Ontario, excluding its principles of conflict of laws. For all purposes relating
to any Property located in the Province of Québec, the interpretation, validity and enforcement of this Agreement shall be governed by and construed under the laws of the province of Québec, excluding its principles of conflict of
laws. 
 g. Amendments. This Agreement may be amended, discharged or terminated, or any of its provisions waived, only by a written
instrument executed by the party to be charged. 

  

					
		 	EXHIBIT C	 	MASTER LAND AND BUILDING LEASE

 h. Due Authorization. Tenant represents to Mortgagee that it has full authority to enter
into this Agreement, which has been duly authorized by all necessary actions. Mortgagee represents to Tenant that it has full authority to enter into this Agreement, which has been duly authorized by all necessary actions. 

i. Execution. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which
together shall constitute one and the same instrument. 
 j. Language. The parties have requested that this Agreement and all related
documents be drawn up in English only. Les parties aux présentes ont exigé que le présent contrat et tous les documents qui s’y rattachent soient rédigés en anglais seulement. 

[THIS SPACE INTENTIONALLY LEFT BLANK] 

  

					
		 	EXHIBIT C	 	MASTER LAND AND BUILDING LEASE

 IN WITNESS WHEREOF, Mortgagee, Tenant and Landlord have caused this Agreement to be executed as
of the date first above written. 
  

							
		 		 	MORTGAGEE:
		 		 		 	
		 		 		 	
		 		 		 	

 [SIGNATURE PAGES CONTINUE ON FOLLOWING PAGE] 

  

					
		 	EXHIBIT C	 	MASTER LAND AND BUILDING LEASE

							
		 		 	TENANT:
		 		 		 	
		 		 		 	
		 		 		 	

  

					
		 	EXHIBIT C	 	MASTER LAND AND BUILDING LEASE

							
		 		 	LANDLORD:
		 		 		 	
		 		 		 	
		 		 		 	

  

					
		 	EXHIBIT C	 	MASTER LAND AND BUILDING LEASE

 LIST OF EXHIBITS 

If any exhibit is not attached hereto at the time of execution of this Agreement, it may thereafter be attached by written agreement of the
parties, evidenced by initialing said exhibit. 
 Exhibit “A” - Legal Description of the Land 

  

					
		 	EXHIBIT C	 	MASTER LAND AND BUILDING LEASE

 EXHIBIT D 

FORM OF TENANT’S ESTOPPEL CERTIFICATE 

The undersigned,
                                        ,
whose address is
                                        
represents and certifies as follows: 
 1. The undersigned is the tenant (“Tenant”) under that certain Master Land
and Building Lease dated                      with
                                        
as Landlord (the “Lease”), covering the properties described therein (collectively the “Demised Properties”), a true and correct copy of which (together with all amendments thereof) is attached hereto
as Exhibit A. [Tenant understands that
                                        
(“Secured Party”) intends to enter into financing arrangements with Landlord, as borrower, to be secured, among other things, by certain mortgages, deeds of trust and assignments of leases and rents, as amended, covering the
Demised Properties.] 
 2. The Lease constitutes the only agreement, promise, understanding or commitment (either written or oral) Tenant
has with respect to the Demised Properties and any right of occupancy or use thereof. 
 3. The Lease is in full force and effect and has
not been assigned, subleased, supplemented, modified or amended, in whole or in part, except as follows: 
  

                          
                                         
                                         
                                         
                    

                          
                                         
                                         
                                         
                    

                          
                                         
                                         
                                         
                    

                          
                                         
                                         
                                         
                    
 4. Tenant has not
given Landlord any notice of termination under the Lease. 
 5. Tenant took possession of the Demised Properties on or about
             ,         , and commenced paying rent on or about         
    ,         . Tenant presently occupies the Demised Properties, is open for business and operating at all of the Demised Properties, and is paying rent on a current basis.
No rent has been paid by Tenant in advance except for the monthly rental that becomes due on
                                        ,
and no deposits, including security deposits and prepayments of rent, have been made in connection with the Lease. Tenant agrees not to pay rent more than one (1) month in advance unless otherwise specified in the Lease. 

6. The monthly base rental is the sum of          Dollars
($        ). Landlord has not agreed to reimburse Tenant for or to pay Tenant’s rent obligation under any other lease 

7. The Lease term commenced on
                    , expires on
                    , and there are no options to renew except:
                    . 
 8.
Tenant is not in default of any of its obligations under the Lease, nor have there occurred any events that with the passage of time or giving of notice or both, will result in any such default. To the best knowledge of Tenant, there are no defaults
under the Lease by Landlord, nor have any events occurred that with the passage of time or giving of notice or both, will result in any such default. To the best of Tenant’s knowledge and belief, Tenant does not presently have (nor with the
passage of time or giving of notice or both will have) any offset, charge, Lien, claim, termination right or defense under the Lease. 

  

					
		 	EXHIBIT D	 	MASTER LAND AND BUILDING LEASE

 9. Tenant has no right of first offer, right of first refusal, or option to purchase, with
respect to all or any portion of any Demised Properties[.][, except as set forth in Article 34 of the Lease]. 
 10. Tenant is aware that
third parties[, including Secured Party,] intend to rely upon this Certificate and the statements set forth herein and that the statements and facts set forth above shall be binding on Tenant. 

11. Tenant is not entitled to any concession or rebate of rent or other charges from time to time due and payable under the Lease, and there
are no unpaid or unreimbursed construction allowances or other offsets due Tenant under the Lease. 
 12. To the best of Tenant’s
knowledge and belief, there are no rental, lease or similar commissions payable with respect to the Lease. 
 13. Any notices to be provided
hereunder shall be provided pursuant to the notice provisions of the Lease. 
 14. Tenant and the persons executing this Certificate on
behalf of Tenant have the power and authority to execute and deliver this Certificate, thereby binding Tenant. 
 IN WITNESS WHEREOF, Tenant
has executed this Certificate this      day of             , 20    . 

 

			
	“TENANT”
	
	  

	a                                    
                                         
        
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

					
		 	EXHIBIT D	 	MASTER LAND AND BUILDING LEASE

 EXHIBIT E-1 

FORM OF NOTICE OF LEASE (ONTARIO) 

(See Attached) 

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

					
	  LRO #4	  	Notice of Lease	  	In preparation on 2016 4 01 at 13:37            

  

Properties 

  

			
	  PIN	  	04326 – 0075 LT
		
	  Description	  	PT LT 26 CON 5RF GLOUCESTER; PT LT 27 CON 5RF GLOUCESTER AS IN N760146; GLOUCESTER
		
	  Address	  	 3374 RIDEAU ROAD
 OTTAWA

  

Consideration 

  

					
	  Consideration	  	 $  2.00	  	

  

Party From(s) 

  

			
	 Name
	  	 FORT-NOM HOLDINGS (ONQC) INC.
 Acting as a
company

	
	  Address for Service
	
	   I, Gino M. Sabatini, Managing Director, have authority to bind the corporation.

 
   This document is not authorized under Power of Attorney by this
party.

  

Party To(s) 

  

			
	  Name	  	 FORTERRA PIPE & PRECAST, LTD.
 Acting as
a company

		
	  Address for Service	  	 Forterra Pipe & Precast, LLC
 c/o
Forterra Building Products
 511 E. John Carpenter Freeway, Suite 600

Irving, Texas 75062
 Attention: Lori Browne

		
	  Name	  	 FORTERRA PRESSURE PIPE, INC.
 Acting as a
company

		
	  Address for Service	  	 Forterra Pipe & Precast, LLC
 c/o
Forterra Building Products
 511 E. John Carpenter Freeway, Suite 600

Irving, Texas 75062
 Attention: Lori
Browne

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

			
	  Name	  	 FORTERRA PIPE & PRECAST QUÉBEC, LTD.

Acting as a company

		
	  Address for Service	  	 Forterra Pipe & Precast, LLC
 c/o
Forterra Building Products
 511 E. John Carpenter Freeway, Suite 600

Irving, Texas 75062
 Attention: Lori Browne

  

Statements 

The applicant is prepared to produce the document for inspection within fourteen (14) days of the request and the applicant consents to
the cancellation of the document on presentation of proof satisfactory to the Land Registrar that the document was not produced upon request. 
  

			
	  Term	  	See Schedule. Expiry Date: See Schedule
		
	  Right or option to purchase	  	See Schedule
		
	  Provision for renewal or   extension	  	See Schedule

  

Calculated Taxes 

  

					
	  Provincial Land Transfer Tax	  	 $  0.00	  	

  

File Number 

  

			
	  Party From Client File Number:	  	241844
		
	  Party to Client File Number:	  	254889

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

					
	  

LAND TRANSFER TAX STATEMENTS

			
	In the matter of the conveyance of:	  	04326 – 0075	  	PT LT 26 CON 5RF GLOUCESTER; PT LT 27 CON 5RF GLOUCESTER AS IN N760146; GLOUCESTER

  

							
	BY:	 	FORT-NOM HOLDINGS (ONQC) INC.	  	 	  	
				
	TO:	 	 FORTERRA PIPE & PRECAST, LTD.

FORTERRA PRESSURE PIPE, INC.
 FORTERRA PIPE & PRECAST
QUÉBEC, LTD.
  
	  	 % (all PINs)        

% (all PINs)        

% (all PINs)        
	  	

  

									
	1.	  	XXXXX
		
	 	  	 I am
  

 ̈  (a) A person in trust for whom the land conveyed in the above-described conveyance is being
conveyed.
  
  ̈  (b) A trustee
named in the above-described conveyance to whom the land is being conveyed.
  
  ̈  (c) A transferee named in the above-described conveyance;
  

 ̈  (d) The authorized agent or solicitor acting in this transaction for
                     described in paragraph(s)
(                    ) above.
  

x  (e) The President, Vice-President, Manager, Secretary, Director, or Treasurer authorized to act
for FORTERRA PIPE & PRECAST, LTD. AND FORTERRA PRESSURE PIPE, INC. AND FORTERRA PIPE & PRECAST QUÉBEC, LTD. described in paragraph(s) (c) above.
  

 ̈  (f) A transferee described in paragraph
(                    ) and am making these statements on my own behalf and on behalf of
                     who is my spouse described in paragraph
(                    ) and as such, I have personal knowledge of the facts herein disposed to.

 

	3.	  	The total consideration for this transaction is allocated as follows:
			
		  	(a) Monies paid or to be paid in cash	  	2.00
				
		  	(b) Mortgages	  	(i) assumed (show principal and interest to be credited against purchase price)	  	0.00
				
		  		  	(ii) Given Back to Vendor	  	0.00
			
		  	(c) Property transferred in exchange (detail below)	  	0.00
			
		  	(d) Fair market value of the land(s)	  	0.00
			
		  	(e) Liens, legacies, annuities and maintenance charges to which transfer is subject	  	0.00
			
		  	(f) Other valuable consideration subject to land transfer tax (detail below)	  	0.00
			
		  	(g) Value of land, building, fixtures and goodwill subject to land transfer tax (total of (a) to (f))	  	2.00
			
		  	(h) VALUE OF ALL CHATTELS – items of tangible personal property	  	0.00
			
		  	(i) Other considerations for transaction not included in (g) or (h) above	  	0.00
			
	 	  	 (j) Total consideration

 
	  	2.00
	4.	  	Explanation for nominal considerations:
		
		  	r) lease term of which including any renewals cannot exceed 50 years
		
		  	 The land is subject to an encumbrance which has been paid in full, but for which a discharge has not yet been registered.

 

	  
  

PROPERTY Information Record

			
		  	A. Nature of Instrument:	  	Notice of Lease
		  		  	LRO 4 Registration No.                              
   Date:                    	  	
		  	B. Property(s):	  	PIN 04326 - 0075	  	Address 3374 RIDEAU ROAD, OTTAWA	  	 Assessment

Roll No. 0606000-07527501

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

									
		 	C. Address for Service	  	 Forterra Pipe & Precast, LLC

c/o Forterra Building Products
 511 E. John Carpenter Freeway,
Suite 600
 Irvine, Texas 75062
 Attention: Lori
Browne

			
		 	D. (i) Last Conveyance(s):	  	PIN 04326 - 0075 Registration No.
		
		 	    (ii) Legal Description for Property Conveyed: Same as in last
conveyance    Yes  x    No   ̈    Not known   ̈

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

 SCHEDULE OF ADDITIONAL PROVISIONS 

Reference is made to a lease dated as of April 5, 2016 (the “Lease”) made between, among others, FORT-NOM Holdings (ONQC) Inc. (the
“Landlord”), as landlord, and Forterra Pipe & Precast, Ltd., Forterra Pressure Pipe, Inc. and Forterra Pipe & Precast Québec, Ltd. (collectively, the “Tenant”), as tenant. 

1.    DEMISED PROPERTY: 

Subject to and in accordance with the terms and conditions contained in the Lease, the Landlord leased unto the Tenant, and the Tenant leased
from the Landlord, among other things, the whole of the lands referenced in the Notice of Lease to which this Schedule is attached, together with all improvements located thereon (collectively, the “Demised Property”). 

2.    COMMENCEMENT DATE: 

April 5, 2016 (the “Commencement Date”). 

3.    ORIGINAL LEASE TERM AND TERMINATION DATE: 

The Lease shall commence on the Commencement Date and terminate on April 4, 2036 (the “Original Lease Term”). 

4.    OPTION TO EXTEND: 

The Tenant has the option to extend the Original Lease Term for one (1) option period of nine (9) years and eleven (11) months
upon and subject to the terms set forth in the Lease (the “Option Period”). 
 If the Option Period is exercised by the
Tenant, the Lease will expire on March 4, 2046. 
 5.    RIGHT OF FIRST REFUSAL: 

Subject to the terms and conditions set out in the Lease, the Landlord grants the Tenant a right of first refusal to purchase the Demised
Property if at any time during the term of the Lease the Landlord receives a bona fide offer from certain enumerated third parties for the purchase of the Demised Property (whether or not solicited by the Landlord) and the Landlord has either
accepted such offer or desires to accept such offer. 
 6.    PURPOSE OF NOTICE OF LEASE: 

The purpose of this Notice of Lease is to give notice of the Lease. There are further terms, covenants and conditions governing the
relationship between the Landlord and the Tenant contained in the Lease and failure to mention any such other terms, covenants and conditions shall not detract from the parties’ rights and obligations pursuant thereto. In the event of a
contradiction or inconsistency between any term herein and that of the Lease, the term of the Lease shall prevail. 

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

 EXHIBIT E-2 

FORM OF NOTICE OF LEASE (QUÉBEC) 

(See Attached) 

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

 (Eustache Form) 

NOTICE PURSUANT TO ARTICLE 2999.1 OF THE CIVIL CODE OF QUÉBEC: REGISTRATION OF RIGHTS UNDER A LEASE ON AN IMMOVABLE OTHER THAN
A DWELLING 
  
 NOTICE GIVEN in the City
of Montréal, Province of Québec, on the Fifth (5th) day of April two thousand sixteen (2016) by Elise Beauregard. 
  

	I.	IDENTIFICATION OF THE LEASE, LANDLORD AND TENANT 

 The rights published under the present notice result
from a lease between FORT-NOM HOLDINGS (ONQC) INC., as Lessor (the “Landlord”) and FORTERRA PRESSURE PIPE, INC. and FORTERRA PIPE & PRECAST QUÉBEC, LTD., as Lessee (the “Tenant”), signed by the
Tenant and Landlord on April 5, 2016 (the “Lease”). 
  

	II.	DESCRIPTION OF THE IMMOVABLE 

 The immovable which is the subject of the Lease (the
“Property”) is described in Schedule “A”. 
  

	III.	COMMENCEMENT AND EXPIRY DATES OF THE LEASE 

 The commencement date of the Lease is April 5, 2016 and
the initial term of the Lease (the “Term”) is for the period described in Schedule “A”. 
  

	IV.	OPTIONS TO RENEW 

 Tenant has the right to renew the Term for the period described in
Schedule “A”, the whole as more fully set forth in the Lease. 
  

	V.	RIGHT OF FIRST REFUSAL 

 The Landlord has granted to the Tenant a right of first refusal to purchase the
Property, subject to the terms and conditions set forth in the Lease. 
  

	VI.	PURPOSE OF NOTICE OF LEASE 

 This Notice of Lease is executed and recorded to give public notice of the
Lease between the parties and all terms and conditions of the Lease are incorporated by reference into this Notice of Lease and this Notice of Lease does not modify the provisions of the Lease. If there are any conflicts between the Lease and this
Notice of Lease, the provisions of the Lease shall prevail. The rights and obligations set forth herein shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Any term not defined herein
shall have the meaning as set forth in the Lease. 
  

	VII.	SCHEDULE “A” 

 Schedule “A” attached hereto forms an integral part of the
present notice. 
  

	
	  

	Elise Beauregard

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

 CERTIFICATE 

RE: Notice of registration of rights under a lease pursuant to Article 2999.1 of the Civil Code of Quebec, in the City of
Montréal, Province of Québec, on the Fifth (5th) day of April two thousand sixteen (2016) by Elise Beauregard. 
 I, the
undersigned Antoine Lessard, advocate practising with the law firm Davies Ward Phillips & Vineberg LLP, in Montréal, Québec, certify that: 
  

	1.	I have verified the identity, quality and capacity of the signatory of the foregoing Notice of Lease; 

  

	2.	This Notice of Lease is valid as to its form. 

  

	3.	This Notice of Lease represents the will expressed by the said signatory; and 

  

	4.	This Notice of lease is exact as to its content. 

 CERTIFIED in the City of Montréal, Province of
Québec, on the Fifth (5th) day of April two thousand sixteen (2016). 
  

			
	  

	Name:	 	Antoine Lessard, advocate
		
	Address:	 	Davies Ward Phillips & Vineberg, LLP
		 	1501 McGill College, Suite 2600
		 	Montréal, Québec H3A 3N9

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

 SCHEDULE “A” 

Legal Description of the Property: 
 1. An
immovable situated in the City of Saint-Eustache, Province of Québec, know and designated as lot ONE MILLION NINE THOUSAND SEVENTY-FOUR HUNDRED AND FIFTY-EIGHT (1 974 058) on the plan of the Cadastre of Québec, registration division of
Deux-Montagnes. 
 With a building thereon erected bearing civic number 699 Industriel Boulevard, City of Saint-Eustache, Province of Québec. 

2. An immovable situated in the City of Saint-Eustache, Province of Québec, know and designated as lot ONE MILLION NINE THOUSAND SEVENTY-FOUR HUNDRED
AND FIFTY-SEVEN (1 974 057) on the plan of the Cadastre of Québec, registration division of Deux-Montagnes. 
 With a building thereon erected
bearing civic number 701 Industriel Boulevard, City of Saint-Eustache, Province of Québec. 
 3. An vacant land situated in the City of
Saint-Eustache, Province of Québec, know and designated as lot ONE MILLION NINE THOUSAND SEVENTY-FIVE HUNDRED TWO HUNDRED AND NINETY-TWO (1 975 292) on the plan of the Cadastre of Québec, registration division of Deux-Montagnes. 

Initial Term: 
 The Lease shall commence on
April 5, 2016 and terminate on April 4, 2036. 
 Commencement Date: 

April 5, 2016 
 Option to renew: 

One (1) option period of nine (9) years and eleven (11) months from and after the commencement date, expiring on March 4, 2046. 

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

 (Mascouche Form) 

NOTICE PURSUANT TO ARTICLE 2999.1 OF THE CIVIL CODE OF QUÉBEC: REGISTRATION OF RIGHTS UNDER A LEASE ON AN IMMOVABLE OTHER THAN
A DWELLING 
  
 NOTICE GIVEN in the City
of Montréal, Province of Québec, on the Fifth (5th) day of April two thousand sixteen (2016) by Elise Beauregard. 

 

	I.	IDENTIFICATION OF THE LEASE, LANDLORD AND TENANT 

 The rights published under the present notice result
from a lease between FORT-NOM HOLDINGS (ONQC) INC., as Lessor (the “Landlord”) and FORTERRA PIPE & PRECAST QUÉBEC, LTD., as Lessee (the “Tenant”), signed by the Tenant and Landlord on April 5,
2016 (the “Lease”). 
  

	II.	DESCRIPTION OF THE IMMOVABLE 

 The immovable which is the subject of the Lease (the
“Property”) is described in Schedule “A”. 
  

	III.	COMMENCEMENT AND EXPIRY DATES OF THE LEASE 

 The commencement date of the Lease is April 5, 2016 and
the initial term of the Lease (the “Term”) is for the period described in Schedule “A”. 
  

	IV.	OPTIONS TO RENEW 

 Tenant has the right to renew the Term for the period described in
Schedule “A”, the whole as more fully set forth in the Lease. 
  

	V.	PURPOSE OF NOTICE OF LEASE 

 This Notice of Lease is executed and recorded to give public notice of the
Lease between the parties and all terms and conditions of the Lease are incorporated by reference into this Notice of Lease and this Notice of Lease does not modify the provisions of the Lease. If there are any conflicts between the Lease and this
Notice of Lease, the provisions of the Lease shall prevail. The rights and obligations set forth herein shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Any term not defined herein
shall have the meaning as set forth in the Lease. 
  

	VI.	SCHEDULE “A” 

 Schedule “A” attached hereto forms an integral part of the
present notice. 
  

	
	  

	Elise Beauregard

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

 CERTIFICATE 

RE: Notice of registration of rights under a lease pursuant to Article 2999.1 of the Civil Code of Quebec, in the City of
Montréal, Province of Québec, on the Fifth (5th) day of April two thousand sixteen (2016) by Elise Beauregard. 

I, the undersigned Antoine Lessard, advocate practising with the law firm Davies Ward Phillips & Vineberg LLP, in Montréal, Québec,
certify that: 
  

	5.	I have verified the identity, quality and capacity of the signatory of the foregoing Notice of Lease; 

  

	6.	This Notice of Lease is valid as to its form. 

  

	7.	This Notice of Lease represents the will expressed by the said signatory; and 

  

	8.	This Notice of lease is exact as to its content. 

 CERTIFIED in the City of Montréal, Province of
Québec, on the Fifth (5th) day of April two thousand sixteen (2016). 
  

			
	  

	Name:	 	Antoine Lessard, advocate
		
	Address:	 	Davies Ward Phillips & Vineberg, LLP
		 	1501 McGill College, Suite 2600
		 	Montréal, Québec H3A 3N9

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

 SCHEDULE “A” 

Legal Description of the Property: 
 1. An
immovable situated in the City of Mascouche, Province of Québec, know and designated as lot FIVE MILLION FIFTY THOUSAND SIX HUNDRED AND NINETY SEVEN (5 050 697) on the plan of the Cadastre of Québec, registration division of
l’Assomption. 
 With a building thereon erected bearing civic number 1331, avenue de la Gare, City of Mascouche, Province of Québec. 

2. An immovable situated in the City of Mascouche, Province of Québec, know and designated as being composed of lots FIVE MILLION FIFTY THOUSAND SIX
HUNDRED AND NINETY TWO (5 050 692), FIVE MILLION FIFTY THOUSAND SEVEN HUNDRED AND NINETEEN (5 050 719) and FIVE MILLION FIFTY-FOUR THOUSAND TWO HUNDRED AND SEVENTY-EIGHT (5 054 278) on the plan of the Cadastre of Québec, registration division
of l’Assomption. 
 With a building thereon erected bearing civic number 1331, avenue de la Gare, City of Mascouche, Province of Québec. 

Initial Term: 
 The Lease shall commence on
April 5, 2016 and terminate on April 4, 2036. 
 Commencement Date: 

April 5, 2016 
 Option to renew: 

One (1) option period of nine (9) years and eleven (11) months from and after the commencement date, expiring on March 4, 2046. 

  

					
		 	EXHIBIT E	 	MASTER LAND AND BUILDING LEASE

 EXHIBIT F 

[INTENTIONALLY OMITTED] 

  

					
		 	EXHIBIT F	 	MASTER LAND AND BUILDING LEASE

 EXHIBIT G 

FORM OF GUARANTY 

GUARANTY OF MASTER LAND AND BUILDING LEASE 

This Guaranty (the “Guaranty”) is executed as of the      day of April, 2016, by LSF9 CONCRETE
HOLDINGS LTD, a company incorporated under the laws of the Bailiwick of Jersey with registered number 117752 (together with its successors and permitted assigns, “Guarantor”), in favor of FORT-NOM HOLDINGS (ONQC) INC., a company
incorporated under the laws of British Columbia (“Landlord”) with reference to the following facts: 
 A. Forterra
Pipe & Precast, Ltd., an Ontario corporation, Forterra Pressure Pipe, Inc./Forterra Conduite Sous Pression, Inc., a Québec corporation, and Forterra Pipe & Precast Québec, Ltd./Forterra Tuyaux et
Préfabriqués Québec, Ltée, a Québec corporation (individually and collectively, jointly and severally, as co-tenants “Tenant”) have entered into that certain Master Land and Building Lease, dated
as of April     , 2016 (as amended or otherwise modified from time to time, the “Lease”), by and among Landlord and Tenant, pursuant to which Landlord has agreed to lease the “Demised Properties”
described in the Lease (such properties, the “Premises”) to Tenant. 
 B. Guarantor, directly or indirectly, owns 100% of
the issued and outstanding equity interests of Tenant. 
 C. As a condition precedent to the execution and delivery of the Lease by
Landlord, Landlord requires that Guarantor unconditionally guaranty the performance by Tenant of its obligations set forth under the Lease. 

D. Guarantor has a material financial interest in Tenant and expects to derive material financial benefit from the Lease, and Guarantor
desires Landlord enter into the Lease with Tenant. 
 In consideration of the foregoing recitals, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Guarantor hereby covenants and agrees with Landlord as follows: 
 1. Guarantor absolutely, irrevocably and
unconditionally guarantees to and for the benefit of Landlord and its successors and assigns the punctual and full payment as they accrue and become due of all rents of every kind under the Lease and the full, faithful and timely performance of each
and all of the covenants, agreements, obligations, representations, indemnities, warranties and liabilities of Tenant (and/or of Tenant’s assigns and successors to all or any portion of Tenant’s interest in the Lease) under the Lease (each
an “Obligation”, and collectively, the “Obligations”) until all such Obligations have been fully paid, performed and discharged. The liability of Guarantor hereunder shall be for all Obligations owed to Landlord
including, without limitation, costs and fees (including, without limitation, actual attorneys’ and experts’ fees and disbursements and court costs that would have accrued under the Lease) and all other Obligations that would have been
paid, performed and discharged by Tenant (or Tenant’s assigns and successors to all or any portion of Tenant’s interest in the Lease or the Premises) but for the commencement of proceedings for substantive relief in any bankruptcy,
insolvency, debt restructuring, reorganization, readjustment of debt, dissolution, liquidation, winding-up or other similar proceedings (including proceedings under the Bankruptcy and Insolvency Act (Canada), the Winding-up and
Restructuring Act (Canada), the Companies’ Creditors Arrangement Act (Canada), the incorporating statute of the relevant corporation or other similar legislation (collectively, the “Bankruptcy Laws”)), including
proceedings for the appointment of a trustee, interim receiver, receiver, receiver and manager, administrative receiver, custodian, liquidator, provisional liquidator, administrator, sequestrator or other like official with respect to the relevant
corporation or all or any material part of its property or assets, and 

  

					
		 	EXHIBIT G	 	MASTER LAND AND BUILDING LEASE

 
other expenses incurred by Landlord in the enforcement of this Guaranty. The Obligations are to be construed in the most comprehensive sense and shall include all covenants, agreements,
obligations, indemnities, representations, warranties and liabilities of Tenant, express or implied, under the Lease and shall continue, unaffected by any actual, purported or attempted assignment, transfer or sublease of all or any portion of
Tenant’s interest in the Lease or the Premises. Notwithstanding the foregoing, only upon any failure to fully pay, perform and discharge any of the Obligations, which failure constitutes a default under the Lease, which default remains uncured
beyond any applicable cure period, if any, provided in the Lease (herein called a “Breach”), Guarantor, upon written demand from Landlord, shall fully pay, perform and discharge the Obligation or Obligations in question, and shall
pay all damages, losses, costs, expenses (including, without limitation, actual attorneys’ and experts’ fees and court costs) and liabilities of Landlord that may arise in consequence of the Breach. 

2. The obligations of Guarantor hereunder shall remain in full force and effect without regard to, and shall not be affected or impaired by,
the following, any or all of which may be taken without the consent of, or notice to, Guarantor nor shall any of the following give Guarantor any recourse or right of action against Landlord, each and all of which are hereby expressly authorized by
Guarantor to be undertaken at any time and from time to time: 
  

	 	(a)	Any amendment, modification, addition or supplement of or to the Lease; 

  

	 	(b)	Any renewal, extension or continuation of the Lease or the term thereof, whether pursuant to a written agreement or otherwise, and including without limitation, any holding over by Tenant after the expiration of the
term of the Lease, including any renewal or extension term, whether or not consented to by Landlord; 

  

	 	(c)	Any exercise or non-exercise or delay in the exercise or assertion by Landlord of any right or privilege under this Guaranty or the Lease; 

 

	 	(d)	Any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other similar proceeding relating to Guarantor or Tenant, or any action taken in respect of Tenant, this Guaranty, the
Lease and/or the Premises by any trustee, receiver, debtor-in-possession or the like, by Landlord or by any court, in any such proceeding, including, without limitation, any assumption or rejection of the Lease under the Bankruptcy Laws, whether or
not Guarantor shall have had notice or knowledge of any of the foregoing; 

  

	 	(e)	Any extension of time or other indulgence granted to Tenant or any waiver with respect to the payment of rents, additional rents and other charges and expenses to be paid by Tenant or with respect to the performance and
observance of any other obligations of Tenant under the Lease; 

  

	 	(f)	Any assignment of the Lease or any subletting of all or any portion of the Premises; 

  

	 	(g)	The acceptance by Landlord of any security (including any real or personal property collateral) for the punctual and full payment of said rents or the punctual and full performance and observance of said Tenant
obligations, or the release, surrender, substitution or omission to act, by Landlord with respect to any such security; 

  

	 	(h)	Any disaffirmance or abandonment by Tenant, any debtor-in-possession or any trustee of Tenant; 

  

	 	(i)	Any other act or omission to act by Landlord; and 

  

	 	(j)	Any other matter whatsoever whereby Guarantor would or might be released. 

  

					
		 	EXHIBIT G	 	MASTER LAND AND BUILDING LEASE

 3. Guarantor hereby knowingly, irrevocably, unconditionally and voluntarily waives: 

 

	 	(a)	All presentments, demands for performance, notices of nonperformance, protests, notices of protest, notices of dishonor and notices of acceptance of this Guaranty; 

 

	 	(b)	Any right to require Landlord to proceed against Tenant or any other person at any time or to proceed against or exhaust any security held by Landlord at any time or to pursue any other remedy whatsoever at any time;

  

	 	(c)	Any defense arising out of the absence, impairment or loss of any right of reimbursement, contribution or subrogation or any other right or remedy of the Guarantor against the Tenant, whether resulting from any action
or election of remedies by Landlord or otherwise; 

  

	 	(d)	Any defense arising by reason of any invalidity or unenforceability of the Lease or any disability of Tenant, or by any cessation from any cause whatsoever of the liability of Tenant, including, without limitation,
(i) any rejection or termination of the Lease under the Bankruptcy Laws or (ii) any reduction, diminution or limitation upon or discharge of the liability of Tenant under the Bankruptcy Laws; 

 

	 	(e)	Any defense based upon an election of remedies by Landlord; 

  

	 	(f)	Any duty of Landlord to advise Guarantor of any information known to Landlord regarding the financial condition of Tenant and all other circumstances affecting the ability of Tenant to perform its obligations under the
Lease, as more particularly described in Paragraph 10 below; 

  

	 	(g)	Any duty of Landlord to give Guarantor notice of any demand by Landlord or any notice of any type or nature under the Lease, including, without limitation, any notice relating to any default by the Tenant under the
Lease; 

  

	 	(h)	Any defense based upon any express or implied amendment, modification, addition or supplement of or to the Lease or of or to Tenant’s obligations under the Lease made without the consent of Guarantor, which consent
shall not be required; 

  

	 	(i)	Any defense based upon the lack of perfection or continuing perfection or failure of priority of collateral security, if any, which may now or hereafter be given for performance of the Obligations; 

 

	 	(j)	Any defense based upon the failure by Landlord to marshal assets; 

  

	 	(k)	Any defense based upon any act or omission of Landlord that results in or aids in the discharge or release of Tenant; 

  

	 	(l)	Any defense based upon any law that provides that the obligations of a guarantor must not be larger in amount nor in other respects more burdensome than that of the principal or that reduces a guarantor’s
obligation in proportion to the principal obligation; 

  

	 	(m)	Any defense based upon any failure of Landlord to file or enforce or compromise a claim in any bankruptcy proceeding; 

  

	 	(n)	Any defense based upon the avoidance of any lien in favor of Landlord for any reason; 

  

	 	(o)	Any defense based upon the right to enforce any remedy against any other person; 

  

	 	(p)	Any defense based upon the right, if any, to the benefit of, or to direct the application of any security held by Landlord, and, until all of the Obligations have been paid and performed in full, all rights of
subrogation, any right to enforce any remedy that Landlord now has or hereafter may have against Tenant, and any right to participate in any security now or hereafter held by Landlord; 

  

					
		 	EXHIBIT G	 	MASTER LAND AND BUILDING LEASE

	 	(q)	Any defense based upon the benefits or defenses, if Guarantor is entitled to any benefits or defenses, of any or all anti-deficiency statutes or
single-action legislation; and 

  

	 	(r)	Any setoff, defense or counter-claim that Tenant or Guarantor may have or claim to have against Landlord. 

4. Until all amounts payable to Landlord under the Lease have been paid in full, Guarantor shall have no right of subrogation and Guarantor
waives, to the fullest extent permitted by law, any right to enforce any remedy that Landlord now has or may hereafter have against Tenant. 

5. Without prejudice to the generality of any waiver granted in this Guaranty, the Guarantor irrevocably and unconditionally abandons and
waives any right which it may have at any time under the laws of Jersey whether by virtue of the droit de discussion or otherwise to require (i) that recourse be had to assets of any other person before any claim is enforced against it in
respect of the obligations or liabilities assumed by it under this and (ii) whether by virtue of the droit de division or otherwise to require that any liability under this Guaranty be divided or apportioned with any other person or reduced in
any manner whatsoever. 
 6. This Guaranty shall extend to each and every Obligation to be performed or observed under the Lease by Tenant
and its successors and assigns. Successive demands may be made upon, and successive actions for the enforcement of such demands may be brought against, Guarantor upon successive defaults in the making of particular payments and the performance and
observance of particular Obligations under the Lease, and the enforcement of this Guaranty against Guarantor with respect to any particular payment or Obligations under the Lease shall not operate to exhaust this Guaranty or as a waiver of the right
to proceed under this Guaranty with respect to any future default or defaults. 
 7. Notwithstanding anything to the contrary herein
contained in this Guaranty, this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time, payment, or any part thereof, of any or all of the Obligations guaranteed hereby is rescinded, invalidated, declared to be
fraudulent or preferential or otherwise required to be restored or returned by Landlord upon the insolvency, bankruptcy or reorganization of Tenant or if Landlord elects to return such payment or any part thereof in its sole discretion, all as
though such payment or application of proceeds had not been made. Without limiting the generality of the foregoing, if prior to any such rescission, invalidation, declaration, restoration or return, this Guaranty shall have been canceled or
surrendered, this Guaranty shall be reinstated in full force and effect, and such prior cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligations of Guarantor in respect of the amount of the
affected payment or application of proceeds. 
 8. Notwithstanding anything to the contrary contained herein, Guarantor may be replaced by
an “Approved Replacement Guarantor,” as defined in the Lease and subject to the conditions set forth in Section 32.02 of the Lease. Concurrently with any such replacement, Landlord shall execute and deliver documentation reasonably
requested by Guarantor to evidence the release of Guarantor from this Guaranty from and after the date of such replacement. 
 9. Subject to
Paragraph 7 above, this Guaranty is an irrevocable, continuing guaranty and Guarantor agrees that this Guaranty shall remain in full force and effect until all of the Obligations are fully paid, performed and discharged, regardless of the expiration
or earlier termination of the Lease, and regardless of the bankruptcy, reorganization, dissolution or insolvency of Tenant, its successors and assigns, and regardless of any actual, attempted or purported assignment, sublease or other transfer of
all or any portion of Tenant’s interest in the Lease. Guarantor further agrees that this Guaranty may not be revoked by Guarantor. If any provision of this Guaranty is held to be invalid or unenforceable, the validity and enforceability of the
other provisions of this Guaranty shall not be affected. This Guaranty shall remain in full force and effect notwithstanding future changes of conditions, including any changes in law or invalidity or irregularity in the creation of any of the
Obligations. 

  

					
		 	EXHIBIT G	 	MASTER LAND AND BUILDING LEASE

 10. In giving this Guaranty, Guarantor is not concerned with Tenant’s financial condition
and hereby knowingly and irrevocably waives any right Guarantor may possess to require Landlord to disclose to Guarantor any information Landlord may now or hereafter possess concerning Tenant’s present or future character, credit, collateral
or financial condition. Guarantor assumes the responsibility for being and keeping informed of the financial condition of Tenant and of all circumstances bearing upon the risk of non-payment and nonperformance
of the Obligations that diligent inquiry would reveal. 
 11. No delay or failure by Landlord to execute any remedy against Tenant or
Guarantor will be construed as a waiver of that right or remedy. All remedies of Landlord are cumulative. 
 12. This Guaranty shall be one
of payment and performance and not merely of collection. 
 13. In any action or proceeding brought to enforce the terms of this Guaranty,
the prevailing party shall be entitled to recover any and all costs and expenses, including, without limitation, actual attorneys’ fees and court costs, incurred in any such action or proceeding. 

14. Any notice, demand or other communication to be given under the provisions of this Guaranty by either party hereto to the other party
hereto shall be effective only if in writing and (i) personally served, (ii) mailed by Canadian registered or certified mail, return receipt requested, postage prepaid, (iii) sent by a nationally recognized courier service (such as
Federal Express) for next-day delivery, to be confirmed in writing by such courier, or (iv) sent by facsimile (with answer back acknowledged), addressed as follows: 
  

			
	IF TO GUARANTOR, TO:	    	c/o Forterra Building Products
		    	 511 E. John Carpenter Freeway, Suite 600

Irving, TX 75062

		    	Attention: Chief Financial Officer
		
		    	with copies to:
		
		    	Lone Star Americas Acquisitions LLC
		    	2711 N. Haskell Avenue, Suite 1700
		    	Dallas, TX 75204
		    	Attention: General Counsel
		
	IF TO LANDLORD. TO:	    	FORT-NOM HOLDINGS (ONQC) INC.
		    	c/o W. P. Carey Inc.
		    	50 Rockefeller Plaza, 2nd Floor
		    	New York, New York 10020
		    	Attention: Asset Management
		
	With a copy to:	    	FORT-NOM HOLDINGS (ONQC) INC.
		    	c/o W. P. Carey Inc.
		    	50 Rockefeller Plaza, 2nd Floor
		    	New York, New York 10020
		    	Attention: Legal Transactions Department
		
	With another copy to:	    	FORT-BEN HOLDINGS (ONQC) LTD.
		    	c/o W. P. Carey Inc.
		    	50 Rockefeller Plaza, 2nd Floor
		    	New York, New York 10020
		    	Attention: Legal Transactions Department

  

					
		 	EXHIBIT G	 	MASTER LAND AND BUILDING LEASE

 or to such other address or addresses as either Landlord or Guarantor may from time to time designate to the
other by written notice in accordance herewith. Subject to the terms of this section, all notices, demands and other communications sent in the foregoing manner shall be deemed delivered when actually received or refused by the party to whom sent,
unless (i) mailed, in which event the same shall be deemed delivered on the day of actual delivery as shown by the addressee’s registered or certified mail receipt or at the expiration of the third (3rd) business day after the date of
mailing, whichever first occurs, or (ii) sent by facsimile, in which event the same shall be deemed delivered only if a duplicate notice sent pursuant to a method described in subsection (i), (ii) or (iii) of this Article 13 is
delivered within one business day after such facsimile is received by the recipient. Notwithstanding the foregoing, if any notice, demand or other communication is not received during business hours on a business day, such notice, demand or other
communication shall be deemed to have been delivered at the opening of business on the next business day. 
 14. Guarantor agrees that this
Guaranty shall be construed as an absolute, unconditional, irrevocable, continuing and unlimited obligation of Guarantor without regard to the regularity, validity or enforceability of any liability or obligation hereby guaranteed. 

15. The right of Landlord to demand and Guarantor’s obligation to pay and to perform fully the Obligations shall not be suspended,
abridged or affected in any way whatsoever by the fact that the Obligations or any part thereof are at any time secured by real or personal property or otherwise. With or without notice to Guarantor and without affecting Guarantor’s liability
hereunder or with respect to the Obligations hereby guaranteed, Landlord, from time to time, either before, at or after any Breach and whether or not Landlord is under any contractual or equitable obligation to do so, may (a) accept security
for the Obligations hereby guaranteed, (b) release or accept other security in exchange or in substitution for collateral, if any, that may be held or any part thereof, (c) accept substitutes for or release Guarantor or any substitutes for
Guarantor as party hereto, or (d) subordinate any security interest in any collateral or any portion thereof to the rights of other creditor or creditors. 

16. This Guaranty shall continue for the term of the Lease and any extensions or renewals thereof and until all obligations and liabilities of
Tenant and its successors and assigns to Landlord under or relating to the Lease have been fully paid or satisfied (subject to reinstatement of the Guaranty as provided in Paragraph 6 above). 

17. For all purposes relating to any Premises located in the Province of Ontario, the interpretation, validity and enforcement of this
Guaranty shall be governed by and construed under the laws of the province of Ontario and the federal laws of Canada applicable in that province. For all purposes relating to any Premises located in the Province of Québec, the interpretation,
validity and enforcement of this Guaranty shall be governed by and construed under the laws of the province of Québec and the federal laws of Canada applicable in that province. To the extent they are applicable, and if they are applicable,
to the full extent it is permissible by law to do so, the Guarantor expressly waives the provisions of Articles 1881, 2355, 2362, 2363, 2365 and 2366 of the Civil Code of Quebec. 

18. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). 

  

					
		 	EXHIBIT G	 	MASTER LAND AND BUILDING LEASE

 19. This Guaranty or the provisions hereof shall not be modified, amended or waived in any manner
unless the same be in writing and signed by Landlord and Guarantor. 
 20. If there be more than one undersigned Guarantor, each undersigned
Guarantor is executing this instrument, and shall be unconditionally liable hereon, jointly and severally (or solidarily). Landlord may make demand upon or pursue any remedies against any one or more Guarantor, whether or not any demand is made upon
or any remedies are pursued against any other Guarantor. Each Guarantor expressly agrees that recourse may be had against any and all property of Guarantor, regardless of whether such property constitutes community property, quasi-community property
or separate property. 
 22. Landlord shall have the right, without any consent from Guarantor, to assign this Guaranty, in whole and not in
part, in connection with any assignment of Landlord’s rights (including, without limitation, Landlord’s rights under Article 14 of the Lease) and obligations under the Lease. Upon the Owner becoming the Landlord pursuant to Article 14 of
the Lease, upon the request of Landlord or Owner, as the case may be, Guarantor shall execute and deliver an acknowledgment that this Guaranty runs in favor of Landlord. Except as set forth in Paragraph 7 above, Guarantor may not assign, delegate or
otherwise transfer all or any part of its respective rights and/or obligations under this Guaranty without the prior written consent of Landlord. Subject to the restrictions on transfer set forth in the immediately preceding sentence, this Guaranty
shall be binding upon, and inure to the benefit of, Landlord and Guarantor and their respective successors and assigns. Any attempted assignment, delegation or transfer in violation of this Paragraph 22 shall be, and is hereby declared, null
and void ab initio. 
 23. Guarantor agrees to deliver all financial reports required to be delivered by Guarantor pursuant to
Section 13.01 of the Lease within the time frames set forth therein. 
 24. Guarantor acknowledges that it has requested and consented
that this Guarantee and all documents, notices, correspondence and legal proceedings consequent upon, ancillary or relating directly or indirectly hereto, forming part hereof or resulting herefrom be drawn up in English only. La caution
reconnaît qu’elle a exigé et consenti à ce que la présente Convention ainsi que tous les documents, avis, correspondances et procédures légales qui s’y rapportent, directement ou indirectement, en
font partie ou en découlent soient rédigés en anglais seulement. 
 [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT
BLANK.] 

  

					
		 	EXHIBIT G	 	MASTER LAND AND BUILDING LEASE

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Guaranty as of the date first above
written. 
  

			
	GUARANTOR
	
	 LSF9 CONCRETE HOLDINGS LTD,

a corporation incorporated under the laws of the Bailiwick of Jersey

		
	By:	 	  

	Name:	 	
	Title:	 	

 [SIGNATURE PAGES CONTINUE ON NEXT PAGE] 

  

					
		 	EXHIBIT G	 	MASTER LAND AND BUILDING LEASE

			
	Accepted and Agreed:
	
	LANDLORD:
	
	 FORT-NOM HOLDINGS (ONQC) INC.,

a British Columbia corporation

		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
		 	EXHIBIT G	 	MASTER LAND AND BUILDING LEASE

 EXHIBIT H 

FORM OF COLLATERAL ACCESS AGREEMENT 

This COLLATERAL ACCESS AGREEMENT (this “Agreement”) is entered into by [NAME OF LANDLORD]
(“Landlord”), to and for the benefit of [MODIFY AS APPROPRIATE: Bank of America, N.A. as Collateral Agent for the Secured Creditors (as defined below)] (in such capacity and together with any successor thereto, the
“Collateral Agent”). Unless otherwise defined herein, all capitalized terms used herein and defined in the Credit Agreement referred to below shall be used herein as therein defined. 

RECITALS: 

WHEREAS, Landlord is the record title holder and owner of certain premises as set forth in Schedule 1 attached hereto and made a part
hereof (collectively, the “Premises”); 
 WHEREAS, [NAMES OF TENANT], a [JURISDICTIONS OF INCORPORATION/
FORMATION AND FORM OF EACH ENTITY] (collectively, as co-tenants, “Tenant”), have possession of the Premises in accordance with that certain Master Land and Building Lease dated as of
[            ], 2016 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Lease”); 

WHEREAS, reference is made to that certain [MODIFY AS APPROPRIATE: ABL Credit Agreement, dated as of March 13, 2015 (as it
may be amended, amended and restated, supplemented, extended, refinanced or otherwise modified from time to time, the “Credit Agreement”), among LSF9 Concrete Ltd, a company incorporated under the laws of the Bailiwick of Jersey
(“Jersey”) with registered number 117753 (including its permitted successors, “Holdings”), LSF9 Concrete Holdings Ltd, a company incorporated under the laws of Jersey with registered number 117752 (including its
permitted successors, “Mid-Holdings”), Stardust Finance Holdings, Inc., a Delaware corporation (including its permitted successors, the “Initial Borrower”), the other borrowers party thereto, the several banks and
other financial institutions or entities from time to time parties thereto as lenders and as issuing banks (the “Lenders”), the Collateral Agent and Credit Suisse AG as administrative agent (together with its successors in such
capacity, the “Administrative Agent” and, together with the Collateral Agent and the Lenders, the “Lender Creditors”), pursuant to which Tenant (an affiliate of the Initial Borrower) has executed a guarantee and
collateral agreement and other collateral documents in relation to the Credit Agreement]; 
 WHEREAS, Tenant’s repayment (or
guaranty ) of the extensions of credit made by the Lenders under the Credit Agreement will be secured by substantially all of the assets of Tenant, including, without limitation, all of the following now or hereafter located on the Premises
[MODIFY AS APPROPRIATE SO THAT THE COLLATERAL IS SPECIFICALLY IDENTIFIED: (i) all inventory of Tenant, (ii) all equipment used in Tenant’s business, (iii) all leasehold improvements of Tenant, and (iv) all furniture
and all other personal property] (collectively, the “Collateral”); and 
 WHEREAS, the Collateral Agent has
requested that Landlord execute this Agreement as a requirement under the Credit Agreement. 

  

					
		 	Exhibit H	 	

 NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Collateral Agent hereby covenant and agree as follows: 

1. Landlord Lien. For so long as the Credit Agreement remains in effect, (a) Landlord (i) waives and releases unto the
Collateral Agent and its successors and assigns any and all security interests and hypothecs created by statute, contract (including the Lease) or by common law and any and all other rights, claims, prior claims, liens and demands of every kind
which it now has or may hereafter have against the Collateral and (ii) agrees that any rights, claims or demands it may have in or to the Collateral (to the extent not effectively waived pursuant to clause (a)(i) of this paragraph 1), shall,
subject to the terms of this Agreement, be subordinate to the rights of the Collateral Agent in respect thereof, and Landlord hereby cedes priority and preference of rank of any of its hypothecs charging the Collateral to the Collateral Agent’s
hypothecs charging the Collateral. 
 (b) Landlord further agrees not to assert any claim to the Collateral while the Credit Agreement
remains in effect, subject to the terms of this Agreement. Landlord acknowledges that the Collateral Agent shall have a first priority security interest in, and hypothec on, the Collateral, and Landlord authorizes the Collateral Agent to file and
record [Uniform Commercial Code/Personal Property Security Act/Civil Code] financing statements (or local law equivalent) against the Collateral. 

(c) Tenant hereby unconditionally releases Landlord from any claim or action regarding Collateral Agent’s removal of the Collateral as
permitted by this Agreement. 
 2. Nature of Collateral. The Collateral may be installed in or located on the Premises and is not and
shall not be deemed to be a fixture, an immovable or part of the underlying real estate but shall at all times be considered personal (movable) property. Landlord acknowledges that the Collateral is and will remain personal (movable) property and
not fixtures, immovables or part of the underlying real estate even though it may be affixed to or placed on the Premises. For the avoidance of doubt, the Collateral shall expressly exclude all Building Equipment (as such term is defined in the
Lease). 
 3. Collateral Agent’s Access. (a) Landlord agrees that so long as the Lease is in full force and effect,
Landlord will not prevent the Collateral Agent or its designees from entering upon the Premises at all reasonable times to inspect, appraise or remove the Collateral; provided, that (i) Collateral Agent shall give to Landlord not less
than five (5) days’ notice of Collateral Agent’s election to enter the Premises, (ii) such notice shall indicate whether such entry is due to an event of default under the Credit Agreement and (iii) if Landlord shall have
given Collateral Agent a Disposition Notice (as defined in paragraph 3(b) below), such entry shall not be governed by this paragraph 3(a), but shall instead be governed by paragraph 3(b). 

(b) In the event that Landlord intends to take possession of the Premises during the term of the Lease or to terminate the Lease prior to the
expiration of the Lease term, Landlord shall give to Collateral Agent a copy of such notice at the same time as such notice is given to Tenant (each such notice, a “Disposition Notice”). If Collateral Agent intends to exercise
Collateral Agent’s rights under this paragraph 3(b), within fifteen (15) days after Collateral Agent actually receives a Disposition Notice, Collateral Agent shall send a notice to Landlord stating that Collateral Agent elects to exercise
its rights under this paragraph 3(b) in accordance with the terms of this Agreement (each such notice, a “Disposition Election”). If Collateral Agent duly and timely gives a Disposition Election to Landlord, Landlord agrees that
within the 90-day period after the Collateral Agent delivers to Landlord a Disposition Election (the “Disposition Period”), the Collateral Agent shall have the right, but not the obligation, to enter upon and into the Premises on a
non-exclusive basis for the sole purpose of inspecting or removing the Collateral or conducting a public or private sale of the Collateral. Landlord further agrees that during the Disposition Period, Landlord will not interfere with the Collateral
Agent’s actions in removing the Collateral from the Premises or such other of the Collateral Agent’s actions in otherwise enforcing its security interest in the Collateral in accordance with the terms of this Agreement. Notwithstanding
anything to the contrary in this paragraph, Landlord acknowledges that the Collateral Agent shall at no time have any obligation to remove the Collateral from the Premises. The Collateral Agent shall not be liable solely as a result (A) of any
diminution in value of the Premises caused by the absence of the Collateral actually removed or (B) the need to replace the Collateral after such removal. 

  

					
		 	Exhibit H	 	

 (c) In entering upon or into the Premises under either clause (a) or (b) set forth
above of this paragraph 3, the Collateral Agent hereby agrees that it shall (i) indemnify, defend and hold Landlord harmless from and against any and all claims, judgments, liabilities, costs and expenses incurred by Landlord (excluding as a
result of the Landlord’s own gross negligence or breach) and caused by the Collateral Agent and/or the Collateral Agent’s designee entering upon or into the Premises and taking any of the foregoing actions with respect to the Collateral
(and such costs shall include any damage to the Premises made by the Collateral Agent in severing and/or removing the Collateral therefrom and taking any of the foregoing actions with respect to the Collateral), (ii) promptly repair, at the end
of the Disposition Period, at its sole cost and expense any damage to the Premises that is caused by Collateral Agent and/or its designees taking any of the foregoing actions to its condition prior to such damage, and (iii) to the extent not
already paid by Tenant, pay all Base Rent (as defined in the Lease), for such time as the Collateral Agent actually occupies all or any portion of the Premises, pro rated on a per diem basis based on a thirty (30) day month, with such payment
to be made in arrears every thirty (30) days during the Disposition Period. By way of example only, if the Disposition Period were to commence on Monday May 1, 2017 and continue through Wednesday, June 9, 2017, Collateral Agent would
be responsible for the payment of Base Rent applicable to a 40-day period, and (A) the first payment of Base Rent would be due and payable to Landlord on May 31, 2017 (i.e., the date immediately succeeding the first 30-day period) and
(B) the second payment of Base Rent would be due and payable to Landlord on June 10, 2017. Further, if Collateral Agent did not access the Premises during the weekends of such 40-day period, Collateral Agent would nevertheless be
responsible for Base Rents during such 40-day period. Collateral Agent shall give Landlord such advance notice as is reasonably practicable under the circumstances (but no less than 24 hours’ prior notice) of the date that Collateral Agent
shall cease actual occupancy of the Premises, and the Disposition Period shall cease upon the date set forth in such notice (subject to such 24 hours’ notice requirement). 

(d) Notwithstanding anything to the contrary contained herein, (i) if Collateral Agent fails to duly and timely give a Disposition
Election to Landlord in accordance with clause (b) of this paragraph 3, then, the Collateral remaining in or on the Premises shall be deemed abandoned and Landlord shall be entitled, though not obligated, to dispose of such
Collateral in any manner Landlord sees fit, and Collateral Agent shall no longer be permitted access to the Premises; (ii) if Collateral Agent fails to remove any Collateral left on a certain location that is part of the Premises (such
location, a “Specified Location”) at the end of the Disposition Period, then, the Collateral remaining in or on such Specified Location shall be deemed abandoned and Landlord shall be entitled, though not obligated, to
dispose of such Collateral in or on such Specified Location in any manner Landlord sees fit; and (iii) if, within five (5) days’ following notice from Landlord to Collateral Agent, Collateral Agent fails to (A) take steps to
repair damage to any Specified Location in accordance with clause (c)(ii) of this paragraph 3 or (B) cease or rectify any action(s) by Collateral Agent which are beyond the scope permitted under this Agreement (e.g., removing any of the
Building Equipment) on the Premises or any portion thereof or (C) timely pay the Base Rent then due in accordance with paragraph 3(b), then, the Collateral remaining in or on such Specified Location shall be deemed abandoned and
Landlord shall be entitled, though not obligated, to dispose of such Collateral in or on such Specified Location in any manner Landlord sees fit. 

(e) In the event that Landlord gives to Tenant a notice of a default under the Lease, Landlord shall simultaneously give to Collateral Agent a
copy of such notice (a “Default Notice”). Collateral Agent shall have the right, but not the obligation, to cure any such default(s) within the last day of the cure period available to Tenant under the terms of the Lease. 

  

					
		 	Exhibit H	 	

 4. Delivery of Notices. All notices to the Collateral Agent under this Agreement shall be
in writing and sent by (a) United States certified mail, return receipt requested, postage pre-paid or (b) a nationally recognized courier service (such as Federal Express) for next-day delivery, to be confirmed in writing by such courier
overnight delivery service, addressed as follows: 
 To Collateral Agent: 

Bank of America, N.A., as Collateral Agent 

901 Main Street, 11th Floor 

TX1-492-11-23 
 Dallas, Texas
75202 
 Attn: Laura Parrish 

Telephone: 214-209-4755 

To Landlord: 

Pipe Portfolio Owner (Multi) LP 

c/o W. P. Carey Inc. 
 50
Rockefeller Plaza, 2nd Floor 
 New York, New York 10020 

Attention: Asset Management Department 

With another copy to: 
 Pipe
Portfolio Owner (Multi) LP 
 c/o W. P. Carey Inc. 

50 Rockefeller Plaza, 2nd Floor 

New York, New York 10020 

Attention: Legal Transactions Department 
 Any
party hereto may change its address, telecopy or telephone number for notices and other communications hereunder by notice to all of the other parties hereto. 

7. Expiration of Agreement. The provisions of this Agreement shall continue in effect until Landlord has received the Collateral
Agent’s written confirmation that Tenant has paid and performed all of its obligations under the Credit Agreement (or upon such date that the Credit Agreement is no longer in effect, whichever shall first occur). 

8. Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be governed by, and shall be construed
and enforced in accordance with, the law of the State of New York without regard to conflict of law principles. 
 9. Successors and
Assigns. The terms and provisions of this Agreement shall inure to the benefit of and be binding upon the successor and assigns of Landlord (including any successor owner of the Premises) and the Collateral Agent. Landlord acknowledges that it
shall not effect a partial assignment of 

  

					
		 	Exhibit H	 	

 
the Lease. [MODIFY AS APPROPRIATE: The Collateral Agent may, without the consent of the Landlord (or any of the Landlord’s successor or assigns), freely assign, at any time, all or a
portion of its right and obligations under this Agreement to the Senior Lien Term Loan Administrative Agent or the Junior Lien Term Loan Administrative Agent, as applicable]; provided, that only one party at any given time shall act as
Collateral Agent under this Agreement, and Landlord shall not be required to give a Default Notice or Disposition Notice to more than one party with respect to notices to Collateral Agent. Landlord will disclose the terms and conditions of this
Agreement to any purchaser or successor to Landlord’s interest in all or any portion of the Premises and shall require that any such purchaser or successor assume Landlord’s obligations under this Agreement. 

10. Amendments. This Agreement may not be changed or terminated orally and is binding upon, and inures to the benefit of, the parties
hereto, the Secured Parties and each of their respective successors and assigns. 
 11. Counterparts. This Agreement may be executed
in several counterparts, each of which shall be deemed an original, but together the counterparts shall constitute one and the same document. 

12. Credit Agreement. The parties thereto may, without in any way affecting or limiting this Agreement, and without notice to Landlord,
modify, supplement, restate (in whole or in part), replace or refinance the Credit Agreement or any of the other Loan Documents thereunder. 

13. Waiver of Trial by Jury. LANDLORD, TENANT AND COLLATERAL AGENT EACH HEREBY VOLUNTARILY, KNOWINGLY, IRREVOCABLY AND UNCONDITIONALLY
WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE BETWEEN LANDLORD, TENANT AND/OR COLLATERAL AGENT IN ANY WAY RELATED TO THIS AGREEMENT. 

14. Language. The parties hereto confirm that it is their wish that this Agreement and any other document executed in connection
with the transactions contemplated herein be drawn up in the English language only and that all other documents contemplated thereunder or relating thereto, including notices, may also be drawn up in the English language only. Les parties aux
présentes confirment que c’est leur volonté que cette convention et les autres documents y reliés soient rédigés en anglais seulement et que tous les documents, y compris tous avis, envisagés par cette
convention et les autres documents peuvent être rédigés en anglais seulement. 
 [Signatures page
follows] 

  

					
		 	Exhibit H	 	

 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed and
delivered as of the day and year first set forth above. 
  

			
	[NAME OF LANDLORD]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[BANK OF AMERICA, N.A., as Collateral Agent]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	TENANT ACKNOWLEDGMENTS:
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
		 	Exhibit H	 	

			
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
		 	Exhibit H	 	

 Schedule 1 

Insert Schedule of Addresses for Premises 

  

					
		 	Exhibit H

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