Document:

Your Internet Defender, Inc. 8-K/A

Exhibit 10.27 

 

COMMON STOCK REPURCHASE AGREEMENT

 

This COMMON STOCK REPURCHASE AGREEMENT (this “Agreement”)
is made as of August 12, 2014, by and between Your Internet Defender Inc., a Nevada corporation (“Company”), and the
undersigned shareholders, Susan Coyne and Teresa Bray (“Shareholders”).

 

WHEREAS, Company entered into that certain Securities Exchange and
Acquisition Agreement (the “Securities Exchange Agreement”), dated as of August 5, 2014, between Company and Corindus,
Inc., a Delaware corporation (“Corindus”), pursuant to which, among other things, Company acquired 100% of the outstanding
capital stock of Corindus (the “Transactions”).

 

WHEREAS, the execution and delivery of this Agreement is required
in connection with the Securities Exchange Agreement, and the repurchase of the common stock, par value $0.0001 per share, of
Company (the “Common Stock”) contemplated by this Agreement is also a condition to the completion of the Transactions.

 

WHEREAS, Shareholders desire to sell the number of shares set forth
beside each of their names on the signature page hereof and Company desires to repurchase from Shareholders an aggregate of 31,143,700
shares of Common Stock (the “Shares”).

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements
set forth herein and for good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties
hereto agree as follows:

 

ARTICLE 1

 

REPURCHASE OF SHARES

 

1.1          Purchase and Sale. Shareholders hereby sell to Company
the Shares, free and clear of any and all claims, liens, pledges, options, charges, security interests, encumbrances or other
rights of third parties, and Company hereby purchases such Shares from Shareholders for an aggregate purchase price of Three Thousand
One Hundred Fourteen Dollars and 37/100 Dollars ($3,114.37) (the “Purchase Price”).

 

1.2          Closing; Delivery. The closing of the purchase
and sale of the Shares pursuant to this Agreement (the “Closing”) shall occur simultaneously with the execution of
this Agreement by the parties. At the Closing, subject to the terms and conditions of this Agreement, Shareholder shall deliver
to Company a statement from the Company’s transfer agent representing the Shareholder’s ownership of the Shares held in book entry
form, along with a duly endorsed, medallion guaranteed Assignment Separate from Certificate in favor of Company, against payment
of the aggregate purchase price for the Shares, which shall be made by check or wire transfer, as designated by Shareholders.

 

    	 

    	 

    

 

ARTICLE 2

 

REPRESENTATIONS AND WARRANTIES OF SHAREHOLDER

 

In connection with the purchase and sale of the Shares, each Shareholder
makes the following representations and warranties for the benefit of Company:

 

2.1          Authorization. Shareholder has the legal capacity
and full power and authority to execute and deliver this Agreement and to perform Shareholder’s obligations hereunder, and
has taken all actions necessary in order to execute, deliver and perform this Agreement and to consummate the transactions contemplated
by this Agreement.

 

2.2          Due Execution and Delivery. Shareholder represents
that this Agreement has been duly executed and delivered by her and constitutes the legal, valid and binding obligation of Shareholder
enforceable in accordance with the terms hereof (subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium
and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles).

 

2.3          Title to Shares. Shareholder owns all right, title
and interest (legal and beneficial) in and to the Shares, free and clear of all Liens other than restrictions under federal and
state securities laws. Upon delivery of the Shares to Company and payment to Shareholder of the Purchase Price, Company will acquire
good, valid and marketable title to such Shares free and clear of all Liens other than (i) restrictions under federal and state
securities laws, and (ii) any Liens created by Company. For the purposes of this Agreement, “Lien” shall mean any
lien, pledge, claim, security interest, encumbrance, charge, restriction or limitation of any kind, whether arising by agreement,
operation of law or otherwise.

 

2.4          No Conflicts. The execution and delivery of this Agreement
and the performance by Shareholder hereunder does not and will not result in the breach or violation of any of the terms or provisions
of, or constitute a default under, or accelerate the performance required by the terms of any material indenture, mortgage, deed
of trust, loan agreement or any other agreement or instrument to which she is a party or by which she is bound, nor will any such
action result in any violation of the provisions of any material statute or any order, rule or regulation of any court or governmental
agency or body having jurisdiction over Shareholder or her property.

 

2.5          Litigation. There is not pending or, to Shareholder’s
knowledge, threatened against Shareholder (or any affiliate thereof) any action, suit or proceeding at law or in equity before
any court, tribunal, governmental body, agency or official or any arbitrator relating to the Shares or that might affect the legality,
validity or enforceability against Shareholder of this Agreement or Shareholder’s ability to perform her obligations hereunder.
To the knowledge of Shareholder, there is no lawsuit, proceeding or investigation pending or threatened against Shareholder that
would, if adversely determined, prevent or materially delay consummation of the transactions contemplated hereby.

 

    	 

    	 

    

 

2.6          Information
Regarding the Shares. Shareholder has been furnished with such documents, materials and information as Shareholder deems
necessary or appropriate for evaluating the financial condition of Company, including information regarding the Transactions,
and has had the opportunity to ask questions of, and receive answers from, the officers of Company, concerning Company and
the terms and conditions of the Transactions. Shareholder acknowledges and explicitly agrees that although she has received
certain information from Company as to its financial condition and other matters and the Transactions, Shareholder
understands that the Shares may be worth more than the Purchase Price to be paid to Shareholder but that Shareholder is
desirous for her own reasons to pursue the sale of the Shares at the Purchase Price to be paid to Shareholder by Company.
Further, Shareholder acknowledges that, in conjunction with the Transactions, Company expects to consummate a financing, and
in the months following the Transactions to conduct additional financings, in each case, at prices substantially higher than
the price per share of the Shares.

 

2.7          No Broker. Shareholder has not, directly or indirectly,
dealt with anyone acting in the capacity of a finder or broker, nor has Shareholder incurred any obligations for any finder’s
or broker’s fee or commission, in connection with the transactions contemplated by this Agreement.

 

ARTICLE 3

 

REPRESENTATIONS AND WARRANTIES OF COMPANY

 

In connection with the purchase and sale of the Shares, Company
makes the following representations and warranties for the benefit of Shareholder:

 

3.1          Authorization. Company represents that it is duly
incorporated, validly existing and in good standing under the laws of Nevada and has all necessary power and authority to enter
into this Agreement and to carry out the transactions contemplated by this Agreement, without the consent, waiver, approval or
authorization of, or filing with, any other person or entity or under any applicable law, and has taken all actions necessary
in order to execute, deliver and perform this Agreement and to consummate the transactions contemplated by this Agreement.

 

3.2          Due Execution and Delivery. Company represents that
this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of Company enforceable
in accordance with the terms hereof (subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar
laws of general applicability relating to or affecting creditors’ rights and to general equity principles).

 

ARTICLE 4

 

MISCELLANEOUS

 

    	 

    	 

    

 

4.1          Release. As a material inducement to Company to
enter into this Agreement, and in consideration of the Purchase Price and other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, each Shareholder, on behalf of herself and her current and former
affiliates, partners, fiduciaries, heirs, agents, representatives, attorneys and all persons acting by, through, under or in
concert with any of them, hereby irrevocably and unconditionally release, acquit, and forever discharge Company, and each of
its respective predecessors, parents, subsidiaries, affiliates, divisions, any related entity, successors and assigns, and
all of their current and former agents, officers, directors, shareholders, partners, employees, members, trustees,
fiduciaries, representatives, attorneys and all persons acting by, through, under or in concert with any of them,
(collectively, the “Released Parties”) from any and all claims, suits, charges, complaints, liabilities,
obligations, promises, agreements, damages, causes of action, demands, losses, debts, attorneys fees and expenses of any
nature whatsoever, known or unknown which Shareholder has, had or claims to have against any Released Party up to and
including the date Shareholder signs this Agreement, or any other matter related to Shareholder’s ownership of the
Shares or otherwise related to Shareholder being a stakeholder of Company, except for obligations of Company arising
hereunder to pay the Purchase Price.

 

4.2          Successors and Assigns. This Agreement shall inure
to the benefit of and be binding upon the successors and permitted assigns of the parties hereto. No person or entity other than
the parties hereto and their successors and permitted assigns is intended to be a beneficiary of this Agreement. No party hereto
may assign its rights under this Agreement without the prior written consent of the other party hereto.

 

4.3          Amendment and Waiver. No failure or delay on the part
of Company or Shareholder in exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any
single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of
any other right, power or remedy. The remedies provided for herein are cumulative and are not exclusive of any remedies that may
be available to Company or each Shareholder at law, in equity or otherwise. Any amendment, supplement or modification of or to
any provision of this Agreement and any waiver of any provision of this Agreement shall be effective only if it is made or given
in writing and signed by Company and Shareholders.

 

4.4          Entire Agreement and Amendment. This Agreement constitutes
the entire agreement of the parties hereto and supersedes any and all prior negotiations, correspondence, understandings and agreements
between the parties hereto with respect to the subject matter hereof.

 

4.5          Governing Law; Jurisdiction and Venue. This agreement,
and any matter or dispute arising hereunder or in connection with this Agreement, will be governed by and construed in accordance
with the laws of the Commonwealth of Massachusetts without giving effect to conflict of laws or principles thereof. Each party
hereto irrevocably consents to the exclusive jurisdiction of any state courts of the Commonwealth of Massachusetts and any federal
court located in the Commonwealth of Massachusetts, as well as to the jurisdiction of all courts to which an appeal may be taken
from such courts, for the purpose of any suit, action or other proceeding arising out of, or in connection with, this agreement
or any of the transactions contemplated hereby. Each party hereby expressly waives any and all rights to bring any suit, action
or other proceeding in or before any court or tribunal other than those located in the Commonwealth of Massachusetts. In addition,
each party consents to the service of process by personal service or any other manner in which notices may be delivered hereunder
in accordance with this agreement.

 

    	 

    	 

    

 

4.6          Severability. If any provision of this Agreement
is held to be unenforceable for any reason, it shall be adjusted rather than voided, if possible, in order to achieve the
intent of the parties to the extent possible. If any event, all other provisions of this Agreement shall be deemed valid and
enforceable to the fullest extent practicable.

 

4.7          Headings. The headings appearing at the beginning
of sections contained herein have been inserted for the convenience of the parties hereto and shall not be used to determine the
construction or interpretation of this Agreement.

 

4.8          Counterparts. This Agreement may be executed and delivered
(including by facsimile transmission) in counterparts, all of which will be considered one and the same agreement.

 

4.9          Further Assurances. Each of the parties shall execute
such documents and perform such further acts (including, without limitation, obtaining any consents, exemptions, authorizations,
or other actions by, or giving any notices to, or making any filings with, any governmental authority or any other person or entity)
as may be reasonably required or desirable to carry out or to perform the provisions of this Agreement.

 

[Signature Page Follows]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of
the dates set forth below.

 

	 	YOUR INTERNET DEFENDER INC.
	 	 	     
	 	By: 	David M. Handler
	 	 	David M. Handler
	 	 	Chief Executive Officer
	 	 	 
	 	SHAREHOLDERS:
	 	 	 
	 	/s/ Susan Coyne
	 	Susan Coyne
	 	Number of Shares Sold: 31,099,300
	 	 	 
	 	/s/ Teresa Bray
	 	Teresa Bray
	 	Number of Shares Sold: 44,400Exhibit 10.1

 

First Amendment to the

 

Amended and Restated

 

Agreement of Limited Partnership

 

of

 

GPT Property Trust LP

 

This Amendment (this “Amendment”),
dated as of August 15, 2014, is hereby adopted by Gramercy Property Trust Inc., a Maryland corporation (the “General Partner”),
as the general partner of GPT Property Trust LP, a Delaware limited partnership (the “Partnership”). Capitalized
terms used herein and not defined shall have the meanings given to them in the Fourth Amended and Restated Agreement of Limited
Partnership of the Partnership, dated as of July 31, 2014 (as amended from time to time, the “Agreement”).

 

WHEREAS, the Board of Directors (the
“Board”) of the General Partner met and approved on July 31, 2014, and the Pricing Committee of the Board
met and approved on August 12, 2014, certain resolutions classifying and designating 3,500,000
shares of Preferred Stock (as defined in the charter of the General Partner (as amended, the “Charter”))
as shares of Series B Preferred Stock (as defined below);

 

WHEREAS, the General Partner filed Articles
Supplementary to the Charter (the “Articles Supplementary”) with the State Department of Assessments and Taxation
of Maryland on August 14, 2014, establishing a series of preferred stock, designated the “7.125% Series B Cumulative Redeemable
Preferred Stock” (the “Series B Preferred Stock”);

 

WHEREAS, on August 15, 2014, the General
Partner issued 3,500,000 shares of Series B Preferred Stock;

 

WHEREAS, Section 4.02.A of the Agreement
grants the General Partner authority to cause the Partnership to issue interests in the Partnership in one or more classes or series,
with such designations, preferences and relative, participating, optional or other special rights, powers and duties as may be
determined by the General Partner in its sole and absolute discretion;

 

WHEREAS, Section 14.01.B of the Agreement
grants the General Partner power and authority to amend the Agreement without the consent of any of the Partnership’s limited
partners to set forth the terms of additional Partnership Interests issued pursuant to Section 4.02 of the Agreement and requires
the General Partner to provide notice to the limited partners when any action is taken under Section 14.01.B;

 

WHEREAS, the General Partner has determined
that, in connection with the issuance of the shares of Series B Preferred Stock, it is necessary and desirable to amend the Agreement
to create additional Partnership Units having designations, preferences and other rights that are substantially the same as the
economic rights of the shares of Series B Preferred Stock.

 

    	 

    	 

    

 

 

NOW, THEREFORE, in consideration of the
premises and for other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the General
Partner hereby amends the Agreement as follows:

 

1.          The
exhibit attached to this Amendment as Attachment 1 is hereby added to the Agreement as Exhibit G thereof.

 

2.          
Section 4.02 to the Agreement is hereby supplemented by adding the following paragraph to the end thereof;

 

“F          Issuance of 7.125% Series B
Cumulative Redeemable Preferred Units. The Partnership is authorized to issue a series designated as “7.125% Series B
Cumulative Redeemable Preferred Units,” which units shall have the terms set forth in Exhibit G attached hereto and
made part hereof.”

 

3.          
In making distributions pursuant to Article V of the Agreement, the General Partner of the Partnership shall take into account
the provisions of Section 2 of Exhibit G to the Agreement.

 

4.          Article
VIII of the Agreement is hereby supplemented by adding the following section to the end thereof:

 

“Section 8.08. Redemption
of “7.125% Series B Cumulative Redeemable Preferred Units.

 

Holders of “7.125% Series
B Cumulative Redeemable Preferred Units shall not be entitled to the Redemption Right provided for in Section 8.06.A of this Agreement.”

 

5.          The
Partnership hereby issues 3,500,000 7.125% Series B Cumulative Redeemable Preferred Units to the General Partner.

 

6.          The
Agreement and this Amendment shall be read together and shall have the same force and effect as if the provisions of the Agreement
and this Amendment (including attachments hereto) were contained in one document. Any provisions of the Agreement not amended by
this Amendment shall remain in full force and effect as provided in the Agreement immediately prior to the date hereof.

 

    	2

    	 

    

 

IN WITNESS WHEREOF, the General Partner
has executed this Amendment as of the date first set forth above.

 

	 	GRAMERCY PROPERTY TRUST INC.
	 	 	 
	 	By:	/s/ Edward J. Matey Jr.
	 	Name:    	Edward J. Matey Jr.
	 	Title:	Executive Vice President, Secretary and General Counsel

 

[Signature page to Amendment to
the Partnership Agreement]

 

    	3

    	 

    

 

 

Attachment 1

 

EXHIBIT G

DESIGNATION OF THE PREFERENCES, CONVERSION

AND OTHER RIGHTS, VOTING POWERS, RESTRICTIONS,

LIMITATIONS AS TO DISTRIBUTIONS, QUALIFICATIONS AND TERMS

AND CONDITIONS OF REDEMPTION

 

OF THE

 

7.125% SERIES B CUMULATIVE REDEEMABLE
PREFERRED UNITS

 

1.     Definitions.

 

In addition to those terms defined in the
Agreement, the following definitions shall be for all purposes, unless otherwise clearly indicated to the contrary, applied to
the terms used in the Agreement and this Exhibit G:

 

“Series B Preferred Stock”
means shares of the 7.125% Series B Cumulative Redeemable Preferred Stock, $0.001 par value per share (liquidation preference $25.00
per share) of the General Partner, with the preferences, conversion and other rights, voting powers, restrictions, limitations
as to dividends and other distributions, transfers, qualifications, terms and conditions of redemption and other terms and conditions
as described in the Articles Supplementary; and

 

“7.125% Series B Cumulative Redeemable
Preferred Units” means the series of Partnership Units representing units of Limited Partner Interest designated as the
7.125% Series B Cumulative Redeemable Preferred Units, with the preferences, liquidation and other rights, voting powers, restrictions,
limitations as to distributions, qualifications and terms and conditions of redemption of units as described herein.

 

2.        Terms
of the 7.125% Series B Cumulative Redeemable Preferred Units.

 

A.           Designation
and Number

 

A series of Partnership Units in the Partnership
designated as the “7.125% Series B Cumulative Redeemable Preferred Units” is hereby established, with the rights, priorities
and preferences set forth herein. The number of 7.125% Series B Cumulative Redeemable Preferred Units shall be 3,500,000.

 

B.           Ranking

 

The 7.125% Series B Cumulative Redeemable
Preferred Units will, with respect to distribution rights and rights upon voluntary or involuntary liquidation, dissolution or
winding up of the Partnership, rank (a) senior to the Common Units and LTIP Units and to all other Partnership Interests issued
by the Partnership the terms of which specifically provide that such Partnership Interests shall rank junior to the 7.125% Series
B Cumulative Redeemable Preferred Units; (b) on parity with the 8.125% Series A Cumulative Redeemable Preferred Units (the “Series
A Preferred Units”) and all future Partnership Interests issued by the Partnership the terms of which specifically provide
that such Partnership Interests shall rank on parity with the 7.125% Series B Cumulative Redeemable Preferred Units; and (c) junior
to all Partnership Interests issued by the Partnership the terms of which specifically provide that such Partnership Interests
shall rank senior to the 7.125% Series B Cumulative Redeemable Preferred Units.

 

    	 

    	 

    

 

 

C.           Distributions

 

(i)          Payment
of Distributions. Subject to the preferential rights of the holders of any class or series of Partnership Interests ranking
senior to the 7.125% Series B Cumulative Redeemable Preferred Units as to distributions, holders of the 7.125% Series B Cumulative
Redeemable Preferred Units, will be entitled to receive, when, as and if declared by the Partnership acting through the General
Partner, cumulative cash distributions at the rate of 7.125 percent (7.125%) per annum on the stated value of twenty-five dollars
($25.00) per unit (equivalent to a fixed annual amount of $1.78125 per unit). Such distributions shall accrue and be cumulative
from and including the first date on which any 7.125% Series B Cumulative Redeemable Preferred Units are issued (the “7.125%
Series B Cumulative Redeemable Preferred Unit Original Issue Date”) and shall be payable quarterly in arrears on each
7.125% Series B Cumulative Redeemable Preferred Unit Distribution Payment Date (as defined below), commencing December 31, 2014;
provided, however that if any 7.125% Series B Cumulative Redeemable Preferred Unit Distribution Payment Date is not a Business
Day (as defined below), then the distribution which would otherwise have been payable on such 7.125% Series B Cumulative Redeemable
Preferred Unit Distribution Payment Date may be paid on the next succeeding Business Day, except that, if such Business Day is
in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the
same force and effect as if paid on such 7.125% Series B Cumulative Redeemable Preferred Unit Distribution Payment Date, and no
interest or additional distributions or other sums shall accrue on the amount so payable from such 7.125% Series B Cumulative Redeemable
Preferred Unit Distribution Payment Date to such next succeeding Business Day. The amount of any distribution payable on the 7.125%
Series B Cumulative Redeemable Preferred Units for any 7.125% Series B Cumulative Redeemable Preferred Unit Distribution Period
(as defined below) shall be computed on the basis of a 360-day year consisting of twelve 30-day months. Distributions will be payable
to holders of record as they appear in the records of the Partnership at the close of business on the applicable 7.125% Series
B Cumulative Redeemable Preferred Unit Distribution Record Date (as defined below). Notwithstanding any provision to the contrary
contained herein, each outstanding 7.125% Series B Cumulative Redeemable Preferred Unit shall be entitled to receive a distribution
with respect to any 7.125% Series B Cumulative Redeemable Preferred Unit Distribution Record Date equal to the distribution paid
with respect to each other 7.125% Series B Cumulative Redeemable Preferred Unit that is outstanding on such date. “7.125%
Series B Cumulative Redeemable Preferred Unit Distribution Record Date” shall mean the date designated by the Partnership
for the payment of distributions that is not more than 35 or fewer than 10 days prior to the applicable 7.125% Series B Cumulative
Redeemable Preferred Unit Distribution Payment Date. “7.125% Series B Cumulative Redeemable Preferred Unit Distribution
Payment Date” shall mean the last calendar day of each March, June, September and December, commencing on December 31,
2014. “7.125% Series B Cumulative Redeemable Preferred Unit Distribution Period” shall mean the respective periods
commencing on and including the first day of January, April, July and October of each year and ending on and including the day
preceding the first day of the next succeeding 7.125% Series B Cumulative Redeemable Preferred Unit Distribution Period (other
than the initial 7.125% Series B Cumulative Redeemable Preferred Unit Distribution Period, which shall commence on the 7.125% Series
B Cumulative Redeemable Preferred Unit Original Issue Date and end on and include December 31, 2014, and other than the 7.125%
Series B Cumulative Redeemable Preferred Unit Distribution Period during which any 7.125% Series B Cumulative Redeemable Preferred
Units shall be redeemed pursuant to Section 2.F of this Exhibit G, which shall end on and include the day preceding the
redemption date with respect to the 7.125% Series B Cumulative Redeemable Preferred Units being redeemed). For purposes of this
Section 2 of this Exhibit G, “Business Day” shall mean each day, other than a Saturday or Sunday, which is not
a day on which banking institutions in New York, New York are authorized or required by law, regulation or executive order to close.

 

    	5

    	 

    

  

(ii)         Distributions
Cumulative. Notwithstanding anything contained herein to the contrary, distributions on the 7.125% Series B Cumulative Redeemable
Preferred Units will accrue whether or not the Partnership has earnings, whether or not there are funds legally available for the
payment of such distributions and whether or not such distributions are authorized or declared.

 

(iii)        Priority
as to Distributions

 

(a)          Except
as provided in Section 2.C(iii)(b) of this Exhibit G below, no distributions shall be declared and paid or declared
and set apart for payment, and no other distribution of cash or other property may be declared and made, directly or indirectly,
on or with respect to any Common Units, LTIP Units or any other Partnership Interests of any other class or series ranking, as
to distributions, on parity with or junior to the 7.125% Series B Cumulative Redeemable Preferred Units (other than a distribution
paid in Common Units, LTIP Units or any other Partnership Interests of any class or series ranking junior to the 7.125% Series
B Cumulative Redeemable Preferred Units as to payment of distributions and the distribution of assets upon liquidation, dissolution
or winding up of the Partnership) for any period, nor shall any Common Units, LTIP Units or any other Partnership Interests of
any class or series ranking, as to distributions, on parity with or junior to the 7.125% Series B Cumulative Redeemable Preferred
Units be redeemed, purchased or otherwise acquired for any consideration, nor shall any funds be paid or made available for a sinking
fund for the redemption of such units, and no other distribution of cash or other property may be made, directly or indirectly,
on or with respect thereto by the Partnership (except by conversion into or exchange for Common Units, LTIP Units or any Partnership
Interests of any class or series ranking junior to the 7.125% Series B Cumulative Redeemable Preferred Units as to payment of distributions
and the distribution of assets upon liquidation, dissolution or winding up of the Partnership, except for the redemption of Partnership
Interests corresponding to any shares of Series B Preferred Stock or 8.125% Series A Cumulative Redeemable Preferred Stock of the
General Partner (“Series A Preferred Stock”) or any other Shares to be purchased by General Partner pursuant
to the provisions of Article VII of the Charter, to the extent necessary to preserve the General Partner ’s status as a real
estate investment trust, provided that such redemption shall be upon the same terms as the corresponding stock purchase
pursuant to the Charter or the Articles Supplementary, and except for the redemption of Partnership Interests corresponding to
the purchase or acquisition of any shares of Series B Preferred Stock or any other shares of capital stock of the General Partner
ranking on parity with the Series B Preferred Stock as to payment of dividends and the distribution of assets upon liquidation,
dissolution or winding up of the General Partner pursuant to a purchase or exchange offer made on the same terms to holders of
all outstanding shares of Series B Preferred Stock), unless full cumulative distributions on the 7.125% Series B Cumulative Redeemable
Preferred Units for all past 7.125% Series B Cumulative Redeemable Preferred Unit Distribution Periods that have ended shall have
been or contemporaneously are (i) declared and paid in cash or (ii) declared and a sum sufficient for the payment thereof in cash
is set apart for such payment.

 

    	6

    	 

    

 

 

(b)          When
distributions are not paid in full (and a sum sufficient for such full payment is not so set apart) on the 7.125% Series B Cumulative
Redeemable Preferred Units and any other Partnership Interests of any class or series ranking, as to distributions, on parity with
the 7.125% Series B Cumulative Redeemable Preferred Units, all distributions declared upon the 7.125% Series B Cumulative Redeemable
Preferred Units and each such other Partnership Interests ranking on parity, as to distributions, with the 7.125% Series B Cumulative
Redeemable Preferred Units shall be declared pro rata so that the amount of distributions declared per 7.125% Series B Cumulative
Redeemable Preferred Unit and each such other Partnership Interest shall in all cases bear to each other the same ratio that accrued
distributions per 7.125% Series B Cumulative Redeemable Preferred Unit and each such other Partnership Interest (which shall not
include any accrual in respect of unpaid distributions on such other class or series of Partnership Interests for prior distribution
periods if such Partnership Interests do not have a cumulative distribution) bear to each other. No interest, or sum of money in
lieu of interest, shall be payable in respect of any distribution payment or payments on the 7.125% Series B Cumulative Redeemable
Preferred Units which may be in arrears.

 

(iv)        No
Further Rights. Holders of the 7.125% Series B Cumulative Redeemable Preferred Units shall not be entitled to any distributions,
whether payable in cash, property or Partnership Interests, in excess of full cumulative distributions on the 7.125% Series B Cumulative
Redeemable Preferred Units as provided herein. Any distribution payment made on the 7.125% Series B Cumulative Redeemable Preferred
Units shall first be credited against the earliest accrued but unpaid distributions due with respect to such 7.125% Series B Cumulative
Redeemable Preferred Units which remain payable. Accrued but unpaid distributions on the 7.125% Series B Cumulative Redeemable
Preferred Units will accumulate as of the 7.125% Series B Cumulative Redeemable Preferred Unit Distribution Payment Date on which
they first become payable.

 

D.           Allocations

 

Allocations of the Partnership’s items
of income, gain, loss and deduction shall be allocated among holders of 7.125% Series B Cumulative Redeemable Preferred Units in
accordance with Article VI of the Partnership Agreement.

 

    	7

    	 

    

  

E.           Liquidation
Proceeds

 

(i)          Distributions.
Upon any voluntary or involuntary liquidation, dissolution or winding up of the Partnership, distributions on the 7.125% Series
B Cumulative Redeemable Preferred Units shall be made in accordance with Section 13.02.A of the Partnership Agreement.

 

(ii)         Notice.
Written notice of any voluntary or involuntary liquidation, dissolution or winding up of the Partnership, stating the payment date
or dates when, and the place or places where, the amounts distributable in such circumstances shall be payable, shall be given
by the General Partner pursuant to Section 13.06 of the Partnership Agreement.

 

(iii)        No
Further Rights. After payment of the full amount of the liquidating distributions to which it is entitled, the holders of 7.125%
Series B Cumulative Redeemable Preferred Units, will have no right or claim to any of the remaining assets of the Partnership.

 

F.           Redemption

 

In connection with any redemption by the General
Partner of any shares of Series B Preferred Stock pursuant to Sections 5 or 6 of Article SECOND of the Articles Supplementary,
the Partnership shall redeem, on the date of such redemption, an equal number of 7.125% Series B Cumulative Redeemable Preferred
Units held by the General Partner in exchange for a cash amount per unit equal to $25.00 plus any accrued but unpaid distributions
with respect to such unit to, but not including, such payment date. In addition, in the event of the liquidation, dissolution or
winding up of the General Partner prior to the occurrence of a Liquidating Event pursuant to Section 13.01 of the Partnership
Agreement, the General Partner shall have the right to redeem, on any payment date established by the General Partner for liquidating
distributions to the Series B Preferred Stock, 7.125% Series B Cumulative Redeemable Preferred Units for an amount per unit equal
to $25.00 plus any accrued but unpaid distributions with respect to such unit to but excluding such payment date. From and after
the 7.125% Series B Cumulative Redeemable Preferred Unit redemption date, the 7.125% Series B Cumulative Redeemable Preferred Units
so redeemed shall no longer be outstanding, and all rights hereunder, to distributions or otherwise, with respect to such 7.125%
Series B Cumulative Redeemable Preferred Units shall cease.

 

G.           Conversion

 

In the event of a conversion of shares of
Series B Preferred Stock into Shares in accordance with the Articles Supplementary, upon conversion of such shares of Series B
Preferred Stock, the Partnership shall convert an equal whole number of 7.125% Series B Cumulative Redeemable Preferred Units into
a number of Common Units equal to the quotient obtained by dividing (A) the number of Shares into which such Series B Preferred
Stock was converted by (B) the Conversion Factor in effect as of the date of such conversion. In the event of a conversion of Series
B Preferred Stock into Shares, (a) to the extent the General Partner is required to pay cash in lieu of fractional Shares pursuant
to the Articles Supplementary in connection with such conversion, the Partnership shall distribute an equal amount of cash to the
General Partner; and (b) to the extent the General Partner receives cash proceeds in addition to the shares of Series B Preferred
Stock tendered for conversion, the General Partner shall contribute such proceeds to the Partnership.

 

    	8

    	 

    

  

H.           Voting
Rights

 

Holders of 7.125% Series B Cumulative Redeemable
Preferred Units shall not have any voting or consent rights in respect of their Partnership Interests represented by the 7.125%
Series B Cumulative Redeemable Preferred Units.

 

I.           Transfer
Restrictions

 

The 7.125% Series B Cumulative Redeemable
Preferred Units shall not be transferable except in accordance with Section 11.03 of the Partnership Agreement.

 

J.           No
Sinking Fund

 

No sinking fund shall be established for the
retirement or redemption of 7.125% Series B Cumulative Redeemable Preferred Units.

 

    	9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00234-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00234-of-00352.parquet"}]]