Document:

PURCHASE AGREEMENT
                Children's World Learning Center
                          Franconia, VA

This  AGREEMENT ("Agreement"), entered into effective as  of  the
15th of February, 2006.

l.     PARTIES.  Seller  is  AEI  Real  Estate  Fund  XV  Limited
Partnership  which  owns an undivided 100% interest  in  the  fee
simple  title  to that certain real property and all improvements
thereon  legally  described  in the  attached  Exhibit  "A"  (the
"Property")  Buyers  are  Argyro Kosmakos,  Chris  Kosmakos,  and
George  Kosmakos  as  joint tenants, or  their  assigns.   Seller
wishes to sell and Buyer wishes to buy the Property.

2.    PROPERTY.  The  Property  to  be  sold  to  Buyer  in  this
transaction consists of an undivided 100% interest the  Property.
Seller owns no interest in any personalty in connection with  the
Property.

3.   PURCHASE PRICE. The purchase price for this 100% interest in
the Property is $1,872,300.00, all cash.

4.    TERMS. The purchase price for the Property will be paid  by
Buyer as follows:

(A).  When  this  Agreement is executed, Buyer will  pay  $10,000
("First  Payment") to Fidelity National Title ("Title  Company").
The  First  Payment will be credited against the  purchase  price
when and if escrow closes and the sale is completed.

(B).  Buyer  will  deposit the balance  of  the  purchase  price,
$1,862,300.00  (the  Second Payment") into escrow  in  sufficient
time to allow escrow to close on the closing date.

5.    CLOSING  DATE.  Escrow shall close on or before  April  30,
2006, unless extended pursuant to the terms hereof.

6.    DUE  DILIGENCE. Buyer will have 45 days from the  Effective
Date  of this Agreement or the date upon which the Buyer receives
a  copy of the Lessee's (KinderCare) waiver of its right of first
refusal  to  purchase  this  property (the  "Review  Period")  to
conduct  all  of  its inspections and due diligence  and  satisfy
itself  regarding the Property and this transaction. Buyer agrees
to  indemnify and hold Seller harmless for any loss or damage  to
the Property or persons caused by Buyer or its agents arising out
of  such  physical inspections of the Property.  Within ten  (10)
days  after  the Effective Date of this Agreement,  Seller  shall
provide (except as explained below, in Item A & B):

A.     One   copy   of  a  title  insurance  commitment   ("Title
Commitment") for an Owner's Title insurance policy (see paragraph
8  below), to be ordered by Seller immediately upon both  parties
hereto having executed thisAgreement, and said commitment  to  be
delivered  to  Buyer as soon as the third party  title  insurance
company provides it to Seller, but it shall be delivered no later
than ten (10) days after the Effective Date of this Agreement.

B.   A copy of all instruments referenced in the Title Commitment
       which constitute exceptions to title.

C.    A copy of a Certificate of Occupancy or other such document
certifying  completion  and  granting permission  to  permanently
occupy  the  improvements  on the Property  as  are  in  Seller's
possession.

D.    A  copy  of an "as built" survey of the Property  completed
concurrent   with  Seller's  acquisition  of  the  Property,   if
available in Seller's possession.

E.    A copy of any Phase I Environmental Report on the Property,
if available in Seller's possession.

 F.  A copy of the existing Lease and Guarantee.

Buyer  may  cancel  this Agreement for ANY  REASON  in  its  sole
discretion  by delivering a cancellation notice, certified  mail,
return  receipt requested, to Seller and the Title Company before
the  expiration of the Review Period. Such notice shall be deemed
effective when sent by certified mail. If this Agreement  is  not
cancelled  as  set forth above, the First Payment shall  be  non-
refundable unless Seller shall default hereunder.

If  Buyer cancels this Agreement as permitted under this Section,
except for any liabilities under the first paragraph of section 6
of  this  Agreement (which will survive), Seller (after execution
of  such documents reasonably requested by Seller to evidence the
termination  hereof) shall cause the Title Company to  return  to
Buyer its First Payment and Buyer will have absolutely no rights,
claims or interest of any type in connection with the Property or
this transaction, regardless of any alleged conduct by Seller  or
anyone else.

Unless this Agreement is canceled by Buyer pursuant to the  terms
hereof, if Buyer fails to make the Second Payment Seller shall be
entitled  to retain the First Payment and Buyer irrevocably  will
be  deemed  to  be in default under this Agreement. Seller  shall
retain  the  First  Payment and declare this Agreement  null  and
void,  in which event Buyer will be deemed to have canceled  this
Agreement  and relinquish all rights in and to the  Property.  If
this  Agreement  is not canceled and the First  Payment  and  the
Second  Payment is made when required, all of Buyer's  conditions
and contingencies will be deemed satisfied.

7.    ESCROW.  Escrow  shall be opened by Seller  and  the  First
Payment  will  be  deposited in escrow upon  acceptance  of  this
Agreement  by both parties. The escrow holder will be  the  Title
Company. A copy of this Agreement will be delivered to the  Title
Company  and will serve as escrow instructions together with  the
Title   Company's  standard  instructions  and   any   additional
instructions required by the Title Company to clarify its  rights
and  duties  (and  the  parties agree to  sign  these  additional
instructions).  If  there  is any conflict  between  these  other
instructions and this Agreement, this Agreement will control.

8.    TITLE. Closing will be conditioned on the agreement of  the
Title  Company  to  issue an Owner's policy  of  title  insurance
("Owner's Title Policy"), dated as of the close of escrow, in  an
amount equal to the purchase price, insuring that Buyer will  own
marketable and insurable title to the Property subject  only  to:
exceptions acceptable to Buyer; current real property  taxes  and
assessments; and survey exceptions.

Buyer  shall be allowed ten (10) business days after  receipt  of
the Title Commitment and the documents described in Paragraph  6B
above  for examination and the making of any objections  thereto,
said  objections to be made in writing or deemed waived.  If  any
objections are so made, Seller shall be allowed thirty (30)  days
to  cure  such  objections or, in the alternative,  to  obtain  a
commitment  for  marketable  and insurable  title  insuring  over
Buyer's objections. If Seller shall decide to make no efforts  to
cure  or  is  unable  to  cure  any title  objections  or  obtain
marketable and insurable title, (after execution by Buyer of such
documents   reasonably  requested  by  Seller  to  evidence   the
termination  hereof) Buyer's First Payment will be  returned  and
this Agreement shall be null and void and of no further force and
effect.  Seller has no obligation to spend any funds or make  any
effort to satisfy Buyer's objections, if any.

Pending   satisfaction  of  Buyer's  objections,   the   payments
hereunder  required shall be postponed, but upon satisfaction  of
Buyer's objections and within ten (10) days after written  notice
to  the  Buyer of satisfaction of Buyer's objections, the parties
shall  perform this Agreement according to its terms.  The seller
shall  convey  the property and improvements by special  warranty
deed  and  execute  such other documents  as  may  be  reasonably
required by the settlement agent.

9.    CLOSING COSTS. Seller will pay one-half of escrow fees, the
fee  for  the  preparation  of  the special  warranty  deed,  the
Virginia grantor tax to record the deed and the recording fee  to
release  the lien of the deed of trust of the seller, if any.  If
Buyer  shall decide to purchase title insurance, then Buyer  will
pay  the  cost  of  obtaining a Standard Owners  Title  Insurance
Policy  in the full amount of the purchase price. Buyer will  pay
all  recording fees, transfer taxes, guarantee taxes, and clerk's
fees  imposed  upon the recording of the deed,  one-half  of  the
escrow fees, the cost of the title commitment and the cost of  an
update  to  the  Survey in Sellers possession (if  an  update  is
required by Buyer.)  Each party will pay its own attorney's  fees
and costs to document and close this transaction.

10.  REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS.

(A).       The  real estate taxes shall be prorated  between  the
parties  and  adjusted by them as of the date of Closing.  Unpaid
real  estate  taxes (or if payable in installments, any  due  and
unpaid installment thereof) and unpaid levied and pending special
assessments  (or if payable in installments, any due  and  unpaid
installment thereof) existing on the date of Closing shall be the
responsibility  of  Buyer, pro-rated, however,  to  the  date  of
closing  for  the  period prior to closing, which  shall  be  the
responsibility of Seller. Buyer shall likewise pay all taxes  due
and payable in the year after Closing and any unpaid installments
of real estate taxes or special assessments payable therewith and
thereafter.

11.  SELLER'S REPRESENTATION AND AGREEMENTS.

(A). Seller represents and warrants as of this date and as of the
date of Closing that:

1.   Except for the Lease Agreement in existence between AEI Real
Estate  Fund  XV  Limited Partnership (as Lessor) and  KinderCare
Learning Centers, Inc. ("Tenant"), dated March 1, 1987, the First
Amendment to Net Lease Agreement dated March 11, 1987, the Second
Amendment to Net Lease Agreement dated January 21, 2004, and  the
Third  Amendment to Net Lease Agreement dated July 30, 2004  (the
"Lease"), Seller is not aware of any leases of the Property.

2.    If  the  Lease  contains a Right of First  Refusal  to  the
benefit  of  the Lessee for the duration of the Lease,  including
any  renewal  terms,  then  Seller's  obligations  hereunder  are
contingent upon Seller successfully obtaining Lessee's waiver  of
such right of first refusal with respect to this transaction.

3.    It  is  not aware of any pending litigation or condemnation
proceedings  against  the Property or Seller's  interest  in  the
Property.

4.    Except as previously disclosed to Buyer and as permitted in
paragraph (b) below, Seller is not aware of any contracts  Seller
has  executed that would be binding on Seller after  the  closing
date.

(B).  Provided that Buyer performs its obligations  as  required,
Seller agrees that it will not enter into any new contracts  that
would  materially  affect the Property and be binding  on  Seller
after the Closing Date without Buyer's prior consent, which  will
not be unreasonably withheld.

12.  DISCLOSURES.

(A).  Seller  has  not  received  any  notice  of  any  material,
physical,  or  mechanical  defects  of  the  Property,  including
without limitation, the plumbing, heating, air conditioning,  and
ventilating, electrical system. To the best of Seller's knowledge
without  inquiry, all such items are in good operating  condition
and  repair  and in compliance with all applicable  governmental,
zoning,   and   land  use  laws,  ordinances,   regulations   and
requirements. If Seller shall receive any notice to the  contrary
prior to Closing, Seller will inform Buyer prior to Closing.

(B).  Seller  has  not  received any  notice  that  the  use  and
operation  of  the  Property  is  not  in  full  compliance  with
applicable  building codes, safety, fire, zoning,  and  land  use
laws,  and  other  applicable  local,  state  and  federal  laws,
ordinances, regulations and requirements. If Seller shall receive
any  such notice prior to Closing, Seller will inform Buyer prior
to Closing.

(C).  Seller has not received any notice that the Property is  in
violation  of  any  federal, state or local  law,  ordinance,  or
regulations  relating to industrial hygiene or the  environmental
conditions on, under, or about the Property, including,  but  not
limited  to,  soil, and groundwater conditions. To  the  best  of
Seller's  knowledge, there is no proceeding  or  inquiry  by  any
governmental authority with respect to the presence of  Hazardous
Materials on the Property or the migration of Hazardous Materials
from or to other property. Buyer agrees that Seller will have  no
liability of any type to Buyer or Buyer's successors, assigns, or
affiliates in connection with any Hazardous Materials  on  or  in
connection  with the Property either before or after the  Closing
Date,  except  such Hazardous Materials on or in connection  with
the  Property  arising  out  of  Seller's  gross  negligence   or
intentional misconduct. If Seller shall receive any notice to the
contrary  prior  to Closing, Seller will inform  Buyer  prior  to
Closing.

(D). BUYER AGREES THAT IT SHALL BE PURCHASING THE PROPERTY IN ITS
PRESENT  CONDITION,  "AS  IS,    WHERE IS",  AND  SELLER  HAS  NO
OBLIGATIONS TO CONSTRUCT OR REPAIR ANY IMPROVEMENTS THEREON OR TO
PERFORM ANY OTHER ACT REGARDING THE PROPERTY, EXCEPT AS EXPRESSLY
PROVIDED HEREIN.

(E).  BUYER  ACKNOWLEDGES THAT, HAVING BEEN GIVEN THE OPPORTUNITY
TO INSPECT THE PROPERTY AND SUCH FINANCIAL INFORMATION CONCERNING
THE  LESSEE  AND  ANY GUARANTORS OF THE LEASE  AS  BUYER  OR  ITS
ADVISORS  SHALL  REQUEST  AND AS MAY BE IN  SELLER'S  POSSESSION,
BUYER  IS RELYING SOLELY ON ITS OWN INVESTIGATION OF THE PROPERTY
AND  NOT ON ANY REPRESENTATIONS OR INFORMATION PROVIDED BY SELLER
OR  TO  BE PROVIDED BY SELLER, EXCEPT AS SET FORTH HEREIN.  BUYER
FURTHER  ACKNOWLEDGES THAT THE INFORMATION  PROVIDED,  OR  TO  BE
PROVIDED, BY SELLER WITH RESPECT TO THE PROPERTY, THE LESSEE  AND
ANY  GUARANTORS  OF  THE LEASE, WAS OBTAINED FROM  A  VARIETY  OF
SOURCES AND SELLER HAS NOT (A) MADE INDEPENDENT INVESTIGATION  OR
VERIFICATION   OF   SUCH   INFORMATION,   AND   (B)   MAKES    NO
REPRESENTATIONS  AS  TO  THE ACCURACY  OR  COMPLETENESS  OF  SUCH
INFORMATION, EXCEPT AS HEREIN SET FORTH. THE SALE OF THE PROPERTY
AS PROVIDED FOR HEREIN IS MADE ON AN "AS IS - WHERE IS" BASIS AND
BUYER  EXPRESSLY  ACKNOWLEDGES  THAT,  IN  CONSIDERATION  OF  THE
AGREEMENTS OF SELLER HEREIN, EXCEPT AS OTHERWISE SPECIFIED HEREIN
IN  PARAGRAPH 11(A) AND (B) ABOVE AND THIS PARAGRAPH  12,  SELLER
MAKES  NO  WARRANTY  OR REPRESENTATION, EXPRESS  OR  IMPLIED,  OR
ARISING  BY OPERATION OF LAW, INCLUDING, BUT NOT LIMITED TO,  ANY
WARRANTY  OF  CONDITION,  HABITABILITY,  SUITABILITY  FOR  LEASE,
SUITABILITY FOR COMMERCIAL PURPOSES, MERCHANTABILITY, OR  FITNESS
FOR  A  PARTICULAR  PURPOSE, IN RESPECT OF THE  PROPERTY.  SELLER
MAKES NO REPRESENTATIONS OF ANY SORT THAT OWNERSHIP OF THE ENTIRE
PROPERTY WILL RESULT IN A PROFIT TO ANY BUYER.

(F)   BUYER  ACKNOWLEDGES THAT SELLER CANNOT, AND DOES NOT;  MAKE
ANY  REPRESENTATION AS TO THE APPROPRIATENESS OF  PURCHASING  THE
ENTIRE  PROPERTY  FOR  THE BUYER'S INDIVIDUAL  TAX  OR  FINANCIAL
SITUATION  OR  TAX  OR FINANCIAL OBJECTIVES.  BUYER  ACKNOWLEDGES
THAT  HE OR SHE IS RELYING SOLELY UPON HIS OR HER OWN EXAMINATION
OF  THE ENTIRE PROPERTY AND ALL FACTS SURROUNDING THE PURCHASE OF
THE  ENTIRE  PROPERTY  INCLUDING THE MERITS  AND  RISKS  INVOLVED
THEREIN.

The provisions (C) - (F) above shall survive Closing.

13.  CLOSING.

(A). Before the closing date, Seller will deposit into escrow  an
executed  special warranty deed warranting title  against  lawful
claims  by, through, or under a conveyance from Seller,  but  not
further or otherwise, conveying marketable and insurable title of
the  Property  to Buyer, subject to the exceptions  contained  in
paragraph 8 above.

(B).  On  or  before  the closing date, Buyer will  deposit  into
escrow  the  balance  of the Purchase Price when  required  under
Section 4 and any additional funds required of Buyer (pursuant to
this Agreement or any other agreement executed by Buyer) to close
escrow. Both parties will deliver to the Title Company any  other
documents  reasonably  required by the  Title  Company  to  close
escrow.

(C).  On the closing date, if escrow is ready to close, the Title
Company  will:  record the deed in the official  records  of  the
county where the Property is located; cause the Title Company  to
issue the Owner's title policy; immediately deliver to Seller the
portion  of the purchase price deposited into escrow by cashier's
check  or  wire  transfer (less debits and prorations,  if  any);
deliver  to  Seller and Buyer a signed counterpart of the  escrow
holder's  certified closing statement and take all other  actions
necessary to close escrow.

14.   DEFAULTS. If Buyer defaults, Buyer will forfeit all  rights
and  claims  and  Seller will be relieved of all obligations  and
will  be  entitled to retain all monies heretofore  paid  by  the
Buyer. In addition, Seller shall retain all remedies available to
Seller at law or in equity.

If Seller shall default, Buyer shall be entitled to (a) terminate
this  agreement  and  receive  the  First  payment,  (b)  enforce
specific  performance, or (c) pursue any other remedies available
to Buyer at law or in equity.

15.  REPRESENTATIONS AND WARRANTIES.

(A).  Buyer  and  Seller represent and warrant to  the  other  as
follows:

(1).  In  addition  to  the  acts and deeds  recited  herein  and
contemplated  to  be performed, executed, and delivered  by  each
party, each party shall perform, execute and deliver or cause  to
be performed, executed, and delivered at the Closing or after the
Closing,  any and all further acts, deeds and assurances  as  the
Title  Company may reasonably require and be reasonable in  order
to consummate the transactions contemplated herein.

(2).  Each  party  has  all  requisite  power  and  authority  to
consummate the transaction contemplated by this Agreement and has
by  proper proceedings duly authorized the execution and delivery
of  this  Agreement  and  the  consummation  of  the  transaction
contemplated hereby.

(3).  To  each  party's  knowledge,  neither  the  execution  and
delivery   of  this  Agreement  nor  the  consummation   of   the
transaction  contemplated hereby will violate or be  in  conflict
with  (a) any applicable provisions of law, (b) any order of  any
court  or other agency of government having jurisdiction  hereof,
or (c) any agreement or instrument to which each party is a party
or by which each party is bound.

16.  DAMAGES, DESTRUCTION AND EMINENT DOMAIN.

(A).  If,  prior to closing, the Property or any part thereof  be
destroyed or further damaged by fire, the elements, or any cause,
due  to events occurring subsequent to the date of this Agreement
,  this  Agreement shall become null and void, at Buyer's  option
exercised, if at all, by written notice to Seller within ten (10)
days  after Buyer has received written notice from Seller of said
destruction or damage. Seller, however, shall have the  right  to
adjust or settle any insured loss until (i) all contingencies set
forth  in Paragraph 6 hereof have been satisfied, or waived;  and
(ii)  any  ten-day period provided for above in this Subparagraph
16a for Buyer to elect to terminate this Agreement has expired or
Buyer  has, by written notice to Seller, waived Buyer's right  to
terminate  this  Agreement. If Buyer elects  to  proceed  and  to
consummate the purchase despite said damage or destruction, there
shall be no reduction in or abatement of the purchase price,  and
Seller  shall  assign  to Buyer the Seller's  right,  title,  and
interest  in and to all insurance proceeds (pro-rata in  relation
to the Property) resulting from said damage or destruction to the
extent  that the same are payable with respect to damage  to  the
Property.

(B). If, prior to closing, the Property, or any part thereof,  is
taken  by  eminent domain, this Agreement shall become  null  and
void  at Buyer's option. If Buyer elects to proceed to consummate
the purchase despite said taking, there shall be no reduction in,
or  abatement of, the purchase price, and Seller shall assign  to
Buyer the Seller's right, title, and interest in and to any award
made, or to be made, in the condemnation proceeding.

In  the  event  that  this Agreement is terminated  by  Buyer  as
provided  above  in  Subparagraph 16A or 16B, the  First  Payment
shall  be immediately returned to Buyer (after execution by Buyer
of  such documents reasonably requested by Seller to evidence the
termination hereof.)

17.  1031 EXCHANGE.

If Buyer is purchasing the Property as "replacement property" for
purposes  of a tax free exchange, Buyer acknowledges that  Seller
has  made no representations, warranties, or agreements to  Buyer
or  Buyer's  agents  that  the transaction  contemplated  by  the
Agreement will qualify for such tax treatment, nor has there been
any  reliance  thereon  by  Buyer respecting  the  legal  or  tax
implications  of  the  transactions  contemplated  hereby.  Buyer
further  represents  that it has sought and obtained  such  third
party advice and counsel as it deems necessary in regards to  the
tax implications of this transaction.

Buyer  wishes to novate/assign the ownership rights and  interest
of  this  Purchase   Agreement  to  FPOS,  Inc. who  will  act as
Accommodator  to   perfect  the  1031  exchange  by preparing  an
agreement    of    exchange    of    Real    Property     whereby
FPOS. Inc.  will be  an  independent  third  party purchasing the
ownership  interest in  subject property from Seller and  selling
the  ownership  interest in subject property to  Buyer under  the
same  terms  and   conditions  as   documented  in  this Purchase
Agreement. Buyer asks the Seller, and Seller agrees  to cooperate
in  the  perfection of  such  an  exchange  if  at  no additional
cost  or   expense  to  Seller  or delay  in  time.  Buyer hereby
indemnifies  and holds Seller harmless  from  any  claims  and/or
actions  resulting from said exchange.  Pursuant to the direction
of  FPOS, Inc., Seller  will  deed  the property to Buyer.

18.  CANCELLATION

If  any  party  elects to cancel this Agreement  because  of  any
breach  by another party or because escrow fails to close by  the
agreed date, the party electing to cancel shall deliver to escrow
agent a notice containing the address of the party in breach  and
stating  that this Contract shall be cancelled unless the  breach
is  cured within 13 days following the delivery of the notice  to
the escrow agent. Within three days after receipt of such notice,
the escrow agent shall send it by United States Mail to the party
in  breach at the address contained in the Notice and no  further
notice  shall be required. If the breach is not cured within  the
13 days following the delivery of the notice to the escrow agent,
this Contract shall be cancelled.

19.  MISCELLANEOUS.

(A).  This  Agreement  may be amended only by  written  agreement
signed  by  both  Seller and Buyer and all  waivers  must  be  in
writing  and signed by the waiving party. Time is of the essence.
This  Agreement  will not be construed for  or  against  a  party
whether or not that party has drafted this Agreement. If there is
any  action  or proceeding between the parties relating  to  this
Agreement  the  prevailing  party will  be  entitled  to  recover
attorney's  fees  and  costs.  This is  an  integrated  agreement
containing  all agreements of the parties about the Property  and
the   other  matters  described  and  it  supersedes  any   other
agreements or understandings. Exhibits attached to this Agreement
are incorporated into this Agreement.

(B). If this escrow has not closed by the Closing Date through no
fault  of Seller, Seller may, at its election, extend the closing
date  or  exercise any remedy available to it by  law,  including
terminating this Agreement.
(C).  Funds  to be deposited or paid by Buyer must  be  good  and
clear  funds  in  the  form  of cash, cashier's  checks  or  wire
transfers.
(D).  All notices from either of the parties hereto to the  other
shall  be  in writing and shall be considered to have  been  duly
given  or  served if sent by first class certified  mail,  return
receipt requested, postage prepaid, or by a nationally recognized
courier  service guaranteeing overnight delivery to the party  at
his  or its address set forth below, or to such other address  as
such party may hereafter designate by written notice to the other
party.

If to Seller:

AEI Real Estate Fund XV Limited Partnership
Attention:  Robert Johnson and Steve Schottler
30 East Seventh Street, #1300
St. Paul, MN 55101

If to Buyer:

Argyro Kosmakos
Chris Kosmakos
George Kosmakos
7816 O'Dell Street
Springfield, VA  22153

When  accepted, this offer will be a binding agreement for  valid
and  sufficient consideration which will bind and benefit  Buyer,
Seller  and  their  respective successors and assigns.  Buyer  is
submitting  this  offer  by signing a  copy  of  this  offer  and
delivering it to Seller. Seller has five (5) business  days  from
receipt within which to accept this offer.  Buyer shall have  the
right to assign this Agreement to an affiliate of the Buyer.

This   Agreement  shall  be  governed  by,  and  interpreted   in
accordance with, the laws of the State of Virginia.

IN  WITNESS  WHEREOF,  the Seller and Buyer  have  executed  this
Agreement effective as of the day and year above first written.

BUYER:

By: /s/ Argyro Kosmakos
        Argyro Kosmakos

By: /s/ Chris Kosmakos
        Chris Kosmakos

By: /s/ George Kosmakos
        George Kosmakos

SELLER:

AEI Real Estate Fund XV, a Minnesota limited partnership
By:  AEI Fund Management 86-A, Inc., a Minnesota corporation

By: /s/ Robert P Johnson
        Robert P. Johnson, its President

                            Exhibit A
                        Legal Description

Lot Sixteen (16), Section Two (2), Franconia Hills, Fairfax
County, Virginia.REVISED

	
EXHIBIT 10.1

	 
	
REVISED

	 
	
EXHIBIT A

	 
	
to

	 
	
EMPLOYMENT AGREEMENT

	 
	
Dated as of March 1, 2003 between

	 
	
TERRY J. LUNDGREN

	 
	
AND

	 
	
FEDERATED CORPORATE SERVICES, INC.

	 
	 
	 
	 
	
Name:
	
Terry J. Lundgren

	 	 
	
End of Term:
	
February 28, 2007

	 	 
	
Revised Annual Base Compensation:
	

$1,400,000

	 	 
	
Effective Date of Revision:
	

April 1, 2006

	 	 
	
Annual Bonus:
	
The annual bonus payable (if any) under the terms of the 1992 Incentive Bonus Plan (as such may be amended from time to time) of Federated Department Stores, Inc. ("Federated") will be based on performance goals established for the senior executives of the Employer on an annual basis by the Board of Directors of Federated or a Committee thereof, with the amount of bonus equal to a sliding percent of Employee's annual base compensation in effect as of the last day of the performance period based on performance against the targeted annual goals.

	 	 
	 	
Such sliding percent, and the targeted annual goals are set out in Schedule 1 hereto.  

	
TERRY J. LUNDGREN
	
FEDERATED DEPARTMENT STORES, INC. SUCCESSOR IN INTEREST to 

FEDERATED CORPORATE SERVICES, INC. 

  

SCHEDULE 1 TO EXHIBIT A TO EMPLOYMENT AGREEMENT DATED AS OF MARCH 1, 2003 

BETWEEN TERRY J. LUNDGREN AND FEDERATED CORPORATE SERVICES, INC.

 

	
Component
	
Threshold
	
Point at which incremental rate changes

	
Target
	
Over Target 

	
Corporate EBIT $
	
85% of plan

18% of salary
	
95% of plan

54% of salary
	
100% of plan

90% of salary
	
Over 100% of plan

9% of salary for each 1% of EBIT over plan 

plus 90% of salary

	
Corporate Sales $
	
0
	
0
	
100% of plan

30% of salary
	
101% of plan

60% of salary

	
Corporate Cash Flow
	
$50 million below plan

12% of salary

	
$25 million below plan

 

18% of salary
	
100% of plan

 

30% of salary
	
$150 million above plan 

 

60% of salary

	
Total
	
30% of salary
	
72% of salary
	
150% of salary
	
300% of salary

300% bonus calculated based on:

	Achieving 110% of EBIT $ plan and earning a bonus of 180% of salary for this component.

	Achieving the maximum bonus of 60% for sales and cash flow components.

Note:  Achieving more than 110% of EBIT $ plan will result in a bonus payment in excess of 180% of salary for that component.  Total bonus payment may not exceed $7 million.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]