Document:

Amended and Restated Share Redemption Program Dated June 16, 2010

 Exhibit 4.2 

INDUSTRIAL INCOME TRUST INC. 

Amended and Restated Share Redemption Program 

As Adopted by Board of Directors, June 16, 2010 

Definitions 
 Advisor – Shall
mean Industrial Income Advisors LLC. 
 Company – Shall mean Industrial Income Trust Inc. The Company may be referred to as
“we” or “our” within the context of this document. 
 Operating Partnership – Shall mean Industrial Income
Operating Partnership LP. 
 OP Units – Shall mean limited partnership interests in the Operating Partnership. 

Share Redemption Program 

Unless shares of our common stock are listed on a national securities exchange or a secondary market in our common stock is otherwise
established, stockholders who have purchased shares from us or received their shares through a non-cash transaction, not in the secondary market, or through our distribution reinvestment plan and have held shares of our common stock for at least one
year may present for redemption all or any portion of their shares of our common stock to us at any time in accordance with the procedures outlined herein. At that time, we may, subject to the conditions and limitations described below, redeem the
shares of our common stock presented for redemption for cash to the extent that we have sufficient funds available to fund such redemption. There is no fee in connection with a redemption of shares of our common stock. The share redemption program
will be immediately terminated if our shares of common stock are listed on a national securities exchange or if a secondary market is otherwise established. 

After you have held such shares of our common stock for a minimum of one year, our share redemption program may provide a limited opportunity for you to
have your shares of common stock redeemed, subject to certain restrictions and limitations, at a price equal to or at a discount from the purchase price of the shares of our common stock being redeemed and the amount of the discount will vary based
upon the length of time that you have held your shares of our common stock subject to redemption, as described in the following table, which has been posted on our website at www.dividendcapital.com: 

 

			
	 Share Purchase

Anniversary
	  	Redemption Price as a
Percentage of Purchase
Price
	Less than 1 year	  	No Redemption Allowed
	1 year	  	  92.5%
	2 years	  	  95.0%
	3 years	  	  97.5%
	4 years and longer	  	100.0%

 In the event that you seek to redeem all of your shares of our common stock, shares of our
common stock purchased pursuant to our distribution reinvestment plan may be excluded from the foregoing one-year holding period requirement, in the discretion of the board of directors. If you have made more than one purchase of our common stock
(other than through our distribution reinvestment plan), the one-year holding period will be calculated separately with respect to each such purchase. In addition, for purposes of the one-year holding period, holders of OP Units who exchange their
OP Units for shares of our common stock shall be deemed to have owned their shares as of the date they were issued their OP Units. Neither the one-year holding period nor the Redemption Caps (as defined below) will apply in the event of the death of
a stockholder and such shares will be redeemed at a price equal to 100% of the price paid by the deceased stockholder for the shares without regard to the date of purchase of the shares to be redeemed. Our board of directors reserves the right in
its sole discretion at any time and from time to time to (a) waive the one-year holding period and either of the Redemption Caps (defined below) in the event of the disability (as such term is defined in the Internal Revenue Code) of a
stockholder, (b) reject any request for redemption for any reason, or (c) reduce the number of shares of our common stock allowed to be redeemed under the share redemption program. If our board of directors waives the one-year holding
period in the event of the disability of a stockholder, such stockholder will have its shares redeemed at the discounted amount listed in the above table for a stockholder who has held for one year. In all other cases in the event of the disability
of a stockholder, such stockholder will have its shares redeemed as described in the above table. Furthermore, any shares redeemed in excess of the Quarterly Redemption Cap (as defined below) as a result of the death or disability of a stockholder
will be included in calculating the following quarter’s redemption limitations. At any time we are engaged in an offering of shares of our common stock, the per share price for shares of our common stock redeemed under our redemption program
will never be greater than the then-current offering price of our shares of our common stock sold in the primary offering. 
 We
are not obligated to redeem shares of our common stock under the share redemption program. We presently intend to limit the number of shares to be redeemed during any calendar quarter to the “Quarterly Redemption Cap” which will equal the
lesser of: (i) 1/4th of five percent of the number of shares of common stock outstanding measured as of the same date in the prior calendar year and (ii) the aggregate number of shares sold pursuant to our distribution reinvestment plan in
the immediately preceding calendar quarter, which may be less than the Aggregate Redemption Cap described below. Our board of directors retains the right, but is not obligated to, redeem additional shares if, in its sole discretion, it determines
that it is in our best interest to do so, provided that we will not redeem in excess of 5% of the shares outstanding, measured as of the same date in the prior calendar year (referred to herein as the “Aggregate Redemption Cap” and
together with the Quarterly Redemption Cap, the “Redemption Caps”) unless permitted to do so by applicable regulatory authorities. Although we presently intend to redeem shares pursuant to the above-referenced methodology, to the extent
that the aggregate proceeds received from the sale of shares pursuant to our distribution reinvestment plan in any quarter are not sufficient to fund redemption 

 
requests, our board of directors may, in its sole discretion, choose to use other sources of funds to redeem shares of our common stock, up to the Aggregate Redemption Cap. Such sources of funds
could include cash on hand, cash available from borrowings, cash from the sale of shares pursuant to our distribution reinvestment plan in other quarters, and cash from liquidations of securities investments, to the extent that such funds are not
otherwise dedicated to a particular use, such as working capital, cash distributions to stockholders, purchases of real property, debt related or other investments, or redemption of OP Units. Our board of directors has no obligation to use other
sources to redeem shares of our common stock in any circumstances. The board of directors may, but is not obligated to, increase the Aggregate Redemption Cap but may only do so in reliance on an applicable no-action letter issued by Commission staff
that would allow such an increase. There can be no assurance that the board of directors will increase either of the Redemption Caps at any time, nor can there be assurance that the board of directors will be able to obtain the necessary no-action
letter from Commission staff. In any event, the number of shares of our common stock that we may redeem will be limited by the funds available from purchases pursuant to our distribution reinvestment plan, cash on hand, cash available from
borrowings and cash from liquidations of securities or debt related investments as of the end of the applicable quarter. 
 The
board of directors may, in its sole discretion, amend, suspend, or terminate the share redemption program at any time if it determines that the funds available to fund the share redemption program are needed for other business or operational
purposes or that amendment, suspension or termination of the share redemption program is in the best interest of our stockholders. Any amendment, suspension or termination of the share redemption program will not affect the rights of holders of OP
Units to cause us to redeem their OP Units for, at our sole discretion, shares of our common stock, cash, or a combination of both pursuant to the Operating Partnership Agreement. In addition, the board of directors may determine to modify the share
redemption program to redeem shares at the then-current net asset value per share (provided that any offering will then also be conducted at net asset value per share), as calculated in accordance with policies and procedures developed by our board
of directors. If the board of directors decides to amend, suspend or terminate the share redemption program, we will provide stockholders with no less than 30 days’ prior written notice. During a public offering, we will also include this
information in a prospectus supplement or post-effective amendment to the registration statement, as then required under the federal securities laws. Therefore, you may not have the opportunity to make a redemption request prior to any potential
suspension, amendment or termination of our share redemption program. 
 We intend to redeem shares of our common stock
quarterly under the program. All requests for redemption must be made in writing and received by us at least 15 days prior to the end of the applicable quarter (the “Applicable Quarter End”). Stockholders may also withdraw their redemption
request by submitting a request in writing that is received by us at any time up to three business days prior to the Applicable Quarter End. 

 In connection with our quarterly redemptions, our affiliated stockholders will defer their
redemption requests until all redemption requests by unaffiliated stockholders have been met. However, we cannot guarantee that the funds set aside for the share redemption program will be sufficient to accommodate all requests made in any quarter.
In the event that we do not have sufficient funds available to redeem all of the shares of our common stock for which redemption requests have been submitted in any quarter, or the total amount of shares requested for redemption exceed a Redemption
Cap, we plan to redeem the shares of our common stock on a pro rata basis. In addition, we will redeem shares of our common stock in full that are presented for redemption in connection with the death and, if approved by the board of directors in
its sole discretion, disability of a stockholder, regardless of whether we redeem all other shares on a pro rata basis. Moreover, such determinations regarding our share redemption program will not affect any determinations that may be made by the
board of directors regarding requests by holders of OP Units for redemption of their OP Units pursuant to the Operating Partnership Agreement. 

We will determine whether to approve redemption requests no later than 15 days following the Applicable Quarter End, which we refer to as
the “Redemption Determination Date.” No later than three business days following the Redemption Determination Date, we will pay the redemption price in cash for shares approved for redemption and/or, as necessary, will notify each
stockholder in writing if the stockholder’s redemption request was not honored in whole or in part. The redemption request of a stockholder that is not honored in whole or in part will be deemed automatically withdrawn for such shares for which
redemption was not approved, and any such stockholder may resubmit a request in a subsequent quarter. We will not retain redemption requests that are not honored in any particular quarter. The redemption request for such shares of our common stock
will be deemed void and will not affect the rights of the holder of such shares of our common stock, including the right to receive distributions thereon. If a pro rata redemption would result in a stockholder owning less than half of the minimum
purchase amount required under state law, we would redeem all of such stockholder’s shares of our common stock. If a pro rata redemption would result in a stockholder owning less than the minimum amount required under state law but at least
half of such amount, we would not redeem any shares of our common stock that would take the stockholder’s holdings below the minimum threshold. 

Shares of our common stock approved for redemption on the Redemption Determination Date will be redeemed by us under the share redemption
program effective as of the Applicable Quarter End and will return to the status of authorized but unissued shares of common stock. We will not resell such shares of common stock to the public unless they are first registered with the Commission
under the Securities Act and under appropriate state securities laws or otherwise sold in compliance with such laws. 
 The
federal income tax treatment of stockholders whose shares of common stock are redeemed by us under the share redemption program will depend on whether our redemption is treated as a payment in exchange for the shares of common stock. A redemption
normally will be treated as an exchange if the redemption results in a complete termination of the stockholder’s interest in our company, qualifies as “substantially disproportionate” with respect to the stockholder or is treated as
“not essentially equivalent to a dividend” with respect to the stockholder. 

 In order for the redemption to be substantially disproportionate, the percentage of our
voting shares of common stock considered owned by the stockholder immediately after the redemption must be less than 80 percent of the percentage of our voting shares of common stock considered owned by the stockholder immediately before the
redemption. In order for the redemption to be treated as not essentially equivalent to a dividend with respect to the stockholder, the redemption must result in a “meaningful reduction” in the stockholder’s interest in our company.
The Internal Revenue Service has indicated in a published ruling that, in the case of a small minority holder of a publicly held corporation whose relative stock interest is minimal and who exercises no control over corporate affairs, a reduction in
the holder’s proportionate interest in the corporation from .0001118% to .0001081% would constitute a meaningful reduction. In determining whether any of these tests have been met, shares of common stock considered to be owned by the
stockholder by reason of applicable constructive ownership rules, as well as the shares of common stock actually owned by the stockholder, normally will be taken into account. 

In general, if the redemption is treated as an exchange, the United States federal income tax treatment of the redemption under present
law will be as described under “Federal Income Tax Considerations—Taxation of Taxable U.S. Stockholders—Certain Dispositions of Our Common Stock” in the case of a taxable U.S. stockholder (as defined therein) and as described
under “Federal Income Tax Considerations—Special Tax Considerations for Non-U.S. Stockholders—Dispositions of Our Common Stock” in the case of a Non-U.S. stockholder (as defined therein) whose income derived from the investment
in shares of our common stock is not effectively connected with the Non-U.S. stockholder’s conduct of a trade or business in the United States. If the redemption does not qualify as an exchange of shares of common stock, the United States
federal income tax treatment of the redemption under present law generally will be as described under “Federal Income Tax Considerations—Taxation of Taxable U.S. Stockholders—Distributions Generally” in the case of a taxable U.S.
stockholder and as described under “Federal Income Tax Considerations—Special Tax Considerations for Non-U.S. Stockholders—Ordinary Dividends” in the case of a Non-U.S. stockholder whose income derived from the investment in
shares of our common stock is not effectively connected with the Non-U.S. stockholder’s conduct of a trade or business in the United States. However, the tax consequences to you of participating in our share redemption program will vary
depending upon your particular circumstances, and you are urged to consult your own tax advisor regarding the specific tax consequences to you of participation in the share redemption program.Assignment and Assumption Agreement, dated as of June 21, 2010

 EXHIBIT 10.1 

AGREEMENT FOR 

ASSIGNMENT AND ASSUMPTION OF 

PURCHASE AND SALE AGREEMENT 

This Agreement for Assignment and Assumption of Purchase and Sale Agreement (this “Agreement”) is executed to be
effective as of June             , 2010 (the “Effective Date”), by and between AIR EXPRESS INTERNATIONAL USA, INC., an Ohio corporation d/b/a DHL
GLOBAL FORWARDING (“Assignor”) and IIT ACQUISITIONS LLC, a Delaware limited liability company, and any permitted assigns (“Assignee”). 

RECITALS: 

A. COPELAND COMMERCIAL, LLC, a Texas limited liability company, as purchaser (“Original Purchaser”) and
HUNTER DOUGLAS REAL PROPERTY, INC., a Delaware corporation, as seller (“Seller”), have entered into that certain Purchase and Sale Agreement with an effective date of May 11, 2010, as amended by the First
Amendment to Purchase and Sale Agreement dated as of June 15, 2010 and as further amended by the Second Amendment to Purchase and Sale Agreement dated as of June 18, 2010 (as amended, the “Contract”), a copy of
which is attached hereto as Exhibit A, relating to the acquisition of certain land and improvements situated in the City of Renton, King County, Washington, together with related property and appurtenant rights, as denoted and further
described in the Contract as the “Property”. All capitalized terms used but not defined herein shall have the meaning assigned to such terms in the Contract. 

B. Original Purchaser will assign to Assignor, and Assignor will assume from Original Purchaser, all right, title, interest and
obligations of Original Purchaser in, to and under the Contract (the “Initial Assignment”), the form of which Initial Assignment is attached hereto as Exhibit B; and Assignor will deposit with Title Company cash in an
amount equal to the sum of (i) the Initial Deposit and (ii) the Additional Deposit, which Earnest Money, in a total amount of $350,000, shall be held in escrow by the Title Company in accordance with the terms of the Contract. After the
deposit of the Earnest Money the promissory note currently held by the Title Company will be returned to Original Purchaser. 

C. Assignee shall, within two business days after the execution and delivery of this Agreement, deliver the sum of $500,000.00 (the
“Deposit”) to the Title Company to be held in a separate interest bearing escrow account in accordance with the terms of Section 2(b) hereof. If Assignee fails to timely deposit the Deposit as required by this Agreement,
Assignor may, at its option and as its sole and exclusive remedy, terminate this Agreement by written notice to Assignee at any time up until Assignee has delivered the Deposit, and after such termination the parties hereto shall have no further
rights or obligations hereunder, other than those that by their terms survive the termination of this Agreement. 
 D. At
Closing, Assignor and Assignee shall enter into a lease agreement (the “Lease”) with Assignee as landlord and Assignor as tenant (“Tenant”) for the building located on the Land, execution of which
Lease shall be a condition to the consummation of the 
  

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Assignment (as defined below) as set forth in Section 6 of this Agreement. Pursuant to the Lease, Tenant will be obligated to make certain tenant improvements to such building (the
“Tenant Improvements”) as more particularly described in the Lease. Following the consummation of the sale of the Property to Assignee, Assignor will oversee the completion of the Tenant Improvements on behalf of Assignee and
in compliance with the Lease. 
 E. Subject to the provisions of this Agreement, Assignee desires to acquire from Assignor, and
Assignor desires to assign to Assignee, all right, title, interest and obligations of Assignor in, to and under the Contract, upon and subject to the terms and conditions contained in this Agreement. Each of the parties to this Agreement expressly
acknowledges that, following the Initial Assignment, Original Purchaser shall have no further rights or obligations under the Contract and, except for claims arising under this Agreement, Assignor and Assignee hereby waive any and all claims they
may have against Original Purchaser for any matters arising under the Contract on or after the date of the Initial Assignment. 

AGREEMENTS: 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Assignor and Assignee
agree as follows: 
 1. Assignment. Subject to the provisions of this Agreement, Assignor hereby agrees to assign
to Assignee, and Assignee hereby agrees to assume, all of Assignor’s right, title and interest, in, to and under the Contract and all the rights, benefits, privileges and obligations of Assignor as the “Purchaser”
(herein so called) thereunder, including, without limitation, the rights to the Earnest Money, and any and all surveys, title work, third party studies and environmental reports and other third party reports, commitments, estoppels, utility and
availability letters and all other Due Diligence Materials (defined below), to the extent assignable and in the possession or reasonable control of Assignor, whether or not delivered by Seller to Original Purchaser pursuant to the Contract or by
Assignor and Original Purchaser pursuant to this Agreement. The actual assignment of the Contract shall be evidenced in a separate assignment (the “Assignment”) by and between Assignor and Assignee in the form attached hereto
as Exhibit C. The Assignment (together with the other documents contemplated by Section 6) will be delivered by Assignor into escrow with the Title Company at least one business day prior to the Closing Date, but shall be effective as of
the Closing Date simultaneously with the consummation of the Closing under the Contract (the “Assignment Effective Date”). 

2. Review Period; Due Diligence Materials. 

(a) Prior to the Effective Date, Original Purchaser has delivered or caused to be delivered to Assignee the materials listed on
Schedule 1 attached hereto. After the Effective Date, Assignor shall promptly provide to Assignee (i) any other materials or information reasonably requested by Assignee pursuant to the right of the Purchaser under the Contract to
request such items from Seller under Section 4.1(n) of the Contract, and (ii) any other materials delivered by Seller or Original Purchaser thereunder that have not be previously delivered to Assignee. The materials listed on Schedule
1 and other due diligence materials or information 
  

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provided to Assignee are collectively referred to as the “Due Diligence Materials.” Assignee will have from the Effective Date until the end of the Inspection Period (such
period, the “Review Period”) to inspect the Due Diligence Materials relating to the Property and to conduct such additional investigations or studies as Assignee may elect to undertake. The right of Assignee to enter upon the
Property and conduct any physical or invasive tests and inspections in order to make a full determination in its sole judgment as to whether or not the Property meets its requirements and needs shall be subject to all of the terms, provisions and
limitations contained in the Contract with respect to Purchaser’s entry onto the Property and conduct of such activities (including, without limitation, the requirement that Purchaser provide evidence to Seller of such insurance as Seller may
reasonably request in connection therewith), and Assignee shall be responsible for, and shall indemnify and hold harmless Original Purchaser and Assignor, and their respective partners, shareholders, officers, directors, agents, employees,
controlling persons and affiliates from and against, any claims, losses, costs, liability, expenses or damages caused thereby (including damages and claims arising from any acts or omissions of Assignee’s agents or contractors). The foregoing
indemnity obligations do not apply to (i) any loss, liability, cost or expense to the extent arising from, or related to, the negligent or willful acts or omissions of Seller, Original Purchaser or Assignor, (ii) any diminution in value in
the Property arising from, or related to, matters discovered by Assignee during its investigation of the Property, (iii) any latent defects in the Property discovered by Assignee, and (iv) the release, disturbance or spread of any
hazardous materials or regulated substances which are discovered (but not deposited) in, on, under or about the Property by Assignee. 

(b) During the Review Period and thereafter if this Agreement is not terminated by Assignee or Assignor pursuant to express termination
rights as set forth herein, the Deposit made by Assignee to the Title Company shall remain in a separate interest bearing account with the Title Company, and shall not be in any manner forfeitable, except as expressly set forth below. Assignee shall
provide written notice to Assignor as to whether or not it is satisfied with the Property on or before the expiration of the Review Period. If Assignee elects to terminate its rights to acquire the Contract pursuant to this Section 2(b), the
Title Company shall disburse (i) $25,000 of the Deposit to Assignor, as independent consideration for Assignee’s rights under this Section 2(b) (the “Independent Consideration”), and (ii) the remaining
$475,000 of the Deposit, and any interest earned on the entire Deposit, to Assignee, and the parties hereto shall have no further rights or obligations hereunder, other than those that by their terms survive the termination of this Agreement. If
Assignee terminates this Agreement, Assignee shall deliver to Assignor any due diligence items, which have been delivered by Assignor to Assignee and any third party reports, investigations and studies, other than economic analyses, received or
prepared by or for Assignee in connection with the Property, including, without limitation, any and all reports relating to physical, geological or environmental conditions, without representation or warranty. Notwithstanding anything to the
contrary in this Section 2(b), the parties agree that Assignee’s execution of this Agreement and delivery of the Deposit shall constitute Assignee’s approval of the Property as contemplated in this Section 2(b). Notwithstanding
anything in this Section 2(b) to the contrary, to the extent that Assignee has the right to terminate this Agreement pursuant to another section of the Agreement, including, without limitation, Section 14(b), and terminates this Agreement,
or is deemed to have terminated this Agreement, on or prior to the expiration of the Review Period, then the entire Deposit shall be returned to Assignee and no Independent Consideration shall be delivered to Assignor. 

 

 3 

 3. Assignment Consideration. In consideration for the Assignment, Assignee
agrees to pay the amount set forth in Section 6(f), below. 
 4. Deposit; Reimbursement of Earnest Money.
Unless Assignee has terminated this Agreement, Assignor will not terminate or cause to be terminated (and will cause Original Purchaser to not terminate or cause to be terminated) the Contract during the Inspection Period without Assignee’s
prior written consent, which may be granted or withheld in Assignee’s sole discretion. After the end of the Inspection Period, Assignor will not terminate (and will cause Original Purchaser to not terminate) the Contract in the absence of
(i) a default by the Seller of any of its material obligations under the terms of the Contract (provided that (A) any termination for Seller default shall be subject to Assignee’s prior written consent, which may be granted or
withheld in Assignee’s sole discretion; and (B) if Assignee does not consent to the termination, Assignee will be deemed to have waived the right to terminate the Contract under the closing conditions set forth in Section 7.2 of the
Contract as to such default by Seller), (ii) casualty damage to the Property for which the estimated costs of repair is estimated to exceed $500,000 or could take more than 60 days to repair; or (iii) any threatened or pending proceedings
in eminent domain with respect to the Property which would prevent Tenant from conducting its intended business on the Property in any material respect. If a termination of the Contract occurs, the Deposit shall be disbursed to Assignee. 

5. Lease Terms. At Closing, Assignor, as Tenant, and Assignee, as Landlord, shall enter into the Lease, which Lease will be
in the form attached hereto as Exhibit E. 
 6. Conditions to Closing of the Assignment. In addition to any
other conditions to the obligation of Assignee or Assignor to consummate the Assignment, the closing of the Assignment shall be subject to the following conditions: 

(a) The consummation of the Assignment shall occur on the Closing Date. Funds shall be deposited into and held by the Title Company, who
shall coordinate acceptance of funds, acceptance of documents, disbursement of funds and recording and delivery of documents in order to facilitate the performance of the obligations under this Assignment and the performance of the Closing
obligations under the Contract. Upon satisfaction or completion of all closing conditions and deliveries, the parties shall direct the Title Company to immediately deliver the closing documents to the appropriate parties and make disbursements
according to the closing statements executed by Assignor and Assignee. 
 (b) In addition to all other conditions set forth
herein, the obligation of Assignee to consummate the Assignment is conditioned upon the following: 
 (i) The
Initial Assignment has been consummated, and Assignor has become the Purchaser under the Contract. 
 (ii) The
Contract is in full force and effect. 
  

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 (iii) Assignor’s representations and warranties contained herein shall
be true and correct in all material respects as of the Effective Date and the Closing Date. 
 (iv) No later than
the Closing Date (or such earlier date as provided herein), Assignor shall have tendered all deliveries to be made at Closing pursuant to this Agreement. 

(v) As of the Closing Date, there shall exist no pending or threatened actions, suits, arbitrations, claims, attachments,
proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other proceedings that could adversely affect the operations or value of the Seller, Property, the Tenant or Assignor’s ability to perform its
obligations under this Agreement. 
 (vi) As of the Closing Date, Assignor shall have performed all of its
material obligations under this Agreement. 
 (vii) As of the Closing Date, the Property has not been Materially
Damaged and no threatened or pending proceedings in eminent domain with respect to the Property have been initiated. 

(viii) As of the Closing Date, all conditions to the obligations of the Purchaser to close under the Contract as set forth
in Section 7.2 of the Contract have been satisfied or otherwise waived in writing by Assignee. 
 (ix) Title
Company is committed at closing to issue to Assignee an extended coverage owner’s title policy in accordance with the Title Commitment, insuring title to the Property in an amount equal to the Assignment Payment, subject only to the Permitted
Exceptions. 
 If any condition listed in this Section 6 is not satisfied on or before the applicable time period stated in this
Section 6, then Assignee may, at its election, (1) waive the unsatisfied condition (other than the condition specified in Section 6(b)(v) relating to a claim affecting Assignor’s ability to consummate the Assignment), and proceed
with the Assignment, or (2) terminate this Agreement and recover the Deposit by delivering written notice thereof to Assignor. In addition, if the failure of the condition is a result of a breach or default by Assignor, Assignee shall also have
the right to recover Pursuit Costs as set forth in Section 14(b) below. Subject to the foregoing sentence, if Assignee elects to terminate this Agreement, neither Assignor nor Assignee shall have any further obligations hereunder except those
that expressly survive the termination of this Agreement. 
 (c) No later than one Business Day prior to the Closing Date,
Assignor, at its sole cost and expense, shall deliver in escrow to the Title Company the following: 
 (i)
Assignment. The Assignment executed by Assignor, conveying to Assignee Assignor’s interest in the Contract. 
  

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 (ii) Lease. An executed counterpart of the Lease and Lease Guaranty,
in the form of Exhibit E hereto, executed and acknowledged by Tenant and executed (but not acknowledged) by Guarantor, respectively. 

(iii) Conveyancing or Transfer Tax Forms or Returns. Such conveyancing or transfer tax forms or returns, if any, as
are required to be delivered or signed by Assignor by applicable state and local law in connection with the assignment of the Contract. 

(iv) FIRPTA. A Foreign Investment in Real Property Tax Act affidavit in the form of Exhibit F hereto and
executed by Assignor. 
 (v) Escrow. An executed counterpart of the Escrow Agreement in the form of
Exhibit D hereto, executed and acknowledged by Tenant. 
 (vi) Title Company. Any additional
documents that the Title Company may reasonably require for the proper consummation of the transaction contemplated by this Agreement (provided, however, no such additional document shall expand any obligation, covenant, representation or warranty
of Assignor or result in any new or additional obligation, covenant, representation or warranty of Assignor under this Agreement beyond those expressly set forth in this Agreement). 

If Assignor fails to deliver the above items in the time period contemplated by this Section 6(c), Assignee shall have the remedies set forth in
Section 14, below. 
 (d) No later than one Business Day prior to the Closing Date, Assignee shall deliver in escrow to the
Title Company the following: 
 (i) Assignment. A counterpart of the Assignment, executed by Assignee.

 (ii) Lease. A counterpart of the Lease executed by Assignee. 

(iii) Escrow. A counterpart of the Escrow Agreement executed by Assignee. 

(iv) Conveyancing or Transfer Tax Forms or Returns. Such conveyancing or transfer tax forms or returns, if any, as
are required to be delivered or signed by Assignee by applicable state and local law in connection with the assignment of the Contract. 

(v) Title Company. Any additional documents that Assignee or the Title Company may reasonably require for the
proper consummation of the transaction contemplated by this Agreement (provided, however, no such additional document shall expand any obligation, covenant, representation or 

 

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warranty of Assignee or result in any new or additional obligation, covenant, representation or warranty of Assignee under this Agreement beyond those expressly set forth in this Agreement).

 (e) No later than one Business Day prior to the Closing Date, Assignor and Assignee shall deposit with the Title Company
executed closing statements consistent with this Agreement in the form required by the Title Company. 
 (f) No later than one
business day prior to the Closing Date, Assignee shall deliver to the Title Company $12,600,000, less the Deposit, plus or minus applicable prorations (the “Assignment Payment”), in immediate, same-day U.S. federal funds
wired for credit into the Title Company’s escrow account, which funds must be delivered in a manner to permit the Title Company to deliver good funds to Assignor or its designee on the Closing Date (and, if requested by Assignor, by wire
transfer). The Title Company shall cause the delivery of the Assignment Payment as follows: 
 (i) The Purchase
Price for the Property under the Contract (as calculated under Section 7.6 of the Contract) and plus or minus any applicable prorations, shall be delivered to Seller in accordance with the terms of the Contract. The Assignor’s Earnest
Money will be disbursed to Assignor. 
 (ii) The amount equal to the difference between the Assignment Payment
and the amounts paid to Seller pursuant to the immediately preceding subsection, subject to adjustment for closing costs and applicable prorations shall be delivered to Assignor, but subject to the Holdback (defined below). 

(iii) At the Closing, a portion of the Assignment Payment equal to $1,600,000.00 (the “Holdback”)
will be held back by Assignee and delivered to the Title Company, to be held in an escrow account pursuant to the escrow agreement attached hereto as Exhibit D (the “Escrow Agreement”) and consistent with the terms of this 6(f). The
Holdback, including all interest earned thereon, shall be released to Assignor upon Substantial Completion of the Tenant Improvements and (1) delivery of final, unconditional lien waivers from all contractors, subcontractors, materialmen and
vendors that performed work or provided materials in connection with the Tenant Improvements and (2) delivery of an estoppel certificate from Tenant for the benefit of Assignee as landlord under the Lease, indicating among other things that all
Tenant Improvement work has been completed in accordance with the terms of the Lease, in the form attached to the Lease and (3) satisfaction of any other terms and conditions for release of the Holdback as set forth in the Lease and/or the
Escrow Agreement. “Substantial Completion” shall be deemed to have occurred upon (i) issuance of a certificate of substantial completion by Tenant’s architect, which certificate may be the AIA form or another form
reasonably acceptable to Assignee certifying that the Tenant Improvements have been substantially completed (except for minor items of fit or finish or similar “punchlist” items); (ii) delivery to Assignee

  

 7 

 
of all required municipal approvals necessary to permit occupancy of the building such as certificates of completion or occupancy; and (iii) Assignee’s written approval of all items
delivered to Assignee evidencing Substantial Completion and satisfaction of all other conditions required for the Holdback, which approval shall not be unreasonably withheld, conditioned or delayed. 

If Assignee fails to deliver the above items in the time period contemplated by this Section 6, Assignor shall have the remedies set forth in
Section 14, below. 
 7. Closing Costs. Closing costs to be paid under the Contract and in connection with
the consummation of the Assignment shall be allocated and paid as set forth below: 
  

			
	 Cost
	  	 Responsible Party

		
	 Transfer Taxes / Excise Taxes / Document Stamps
	  	Assignor
		
	 Recording Costs
	  	Assignor
		
	 Basic Title Insurance
	  	Assignor
		
	 Extended Title Insurance
	  	Assignee
		
	 Title Company Escrow Fees
	  	Assignor:
 1/2 Assignee:
 1/2
		
	 All other Closing Costs
	  	In accordance with local custom

 Notwithstanding the
foregoing, Assignor shall not be required to pay the above closing costs to the extent the same are paid by Seller under the Contract. 

Additionally, at Closing Assignee will reimburse Assignor for one-half of the fees paid by Assignor to the preparers of the survey, Phase I environmental
report and property condition report described in Schedule 1. Assignor will provide copies of the preparers’ invoices to Assignee prior to Closing. 

8. Assumption. The Assignment shall occur simultaneously with the Closing, but in order to allow the Assignee to be the
Purchaser under the Contract at Closing, the Assignment will be deemed to occur immediately prior to the Closing. Notwithstanding the foregoing, the Assignment shall be contingent up on the occurrence of the Closing under the Contract, and if the
Closing does not occur, the Assignment shall be ineffective. Upon the Assignment Effective Date, Assignee will assume and agree to perform all the terms, covenants and conditions of the Contract on the part of the Purchaser therein required to be
performed from and after the date of the Assignment. Assignee indemnifies, defends and holds Assignor harmless from and against 

 

 8 

 
any and all losses, liabilities, expenses (including, without limitation, reasonable attorneys’ fees), claims, demands and causes of action arising out of or relating to any failure by
Assignee to fully and timely perform any duty or obligation required of the Purchaser under the Contract which arises from and after the Assignment Effective Date. The rights and obligations set forth in this Section 8 and shall survive the
Closing Date. 
 9. Indemnity by Assignor. Assignor indemnifies, defends and holds Assignee harmless from and
against any and all losses, liabilities, expenses (including, without limitation, reasonable attorneys’ fees), claims, demands and causes of action arising out of or relating to any failure by Assignor to fully and timely perform any duty or
obligation required of the Purchaser under the Contract which arose prior to the Assignment Effective Date. The rights and obligations set forth in this Section 9 and shall survive the Closing Date. 

10. Representations by Assignor. Assignor represents and warrants to Assignee as follows: 

(a) Assignor is a corporation duly organized, validly existing and in good standing under the laws of the State of Ohio and has the full
right, power and authority to enter into this Agreement, and to perform all of the obligations and liabilities of Assignor required to be performed hereunder. 

(b) This Agreement has been duly and validly executed and delivered by and on behalf of Assignor and, assuming the due authorization,
execution and delivery thereof by and on behalf of Assignee, constitutes a valid, binding and enforceable obligation of Assignor enforceable in accordance with its terms. 

(c) Neither the execution and delivery hereof, nor the taking of any action contemplated hereby, will conflict with or result in a breach
of any of the provisions of, or constitute a default, event of default or event creating a right of acceleration, termination or cancellation of any obligation under any instrument, note, mortgage, contract (including the Contract), judgment, order,
award, decree or other agreement or restriction to which Assignor is a party, or by which Assignor or the Property is a party or otherwise bound. 

(d) Original Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State
of Texas and had the full right, power and authority to enter into the Contract and the Initial Assignment, and to perform all of the obligations and liabilities of Original Purchaser required to be performed thereunder. 

(e) The Contract and the Initial Assignment, when executed, has been, and will be, respectively, duly and validly executed and delivered
by and on behalf of Original Purchaser and, assuming the due authorization, execution and delivery thereof by and on behalf of Seller under the Contract, constitutes a valid, binding and enforceable obligation of Original Purchaser enforceable in
accordance with its terms. 
 (f) Neither the execution and delivery of the Contract or Initial Assignment by the Original
Purchaser, nor the taking of any action contemplated by the Contract or the Initial Assignment, will conflict with or result in a breach of any of the provisions of, or 

 

 9 

 
constitute a default, event of default or event creating a right of acceleration, termination or cancellation of any obligation under any instrument, note, mortgage, contract, judgment, order,
award, decree or other agreement or restriction to which Original Purchaser is a party, or by which Original Purchaser is otherwise bound. 

(g) The Contract has not been modified by Original Purchaser, Assignor or Seller (except as disclosed in writing to Assignee), and has
not been terminated by Original Purchaser, Assignor or Seller (as applicable). 
 (h) Neither Assignor nor, to Assignor’s
knowledge, Seller is in default under the Contract. Original Purchaser has no knowledge of Seller’s default under the Contract. 

(i) Assignor has provided to Assignee true and complete copies of all Property Information materials delivered to Assignor and/or
Original Purchaser pursuant to the Contract. In addition, Assignor has provided Assignee with true and complete copies of all Due Diligence Materials received by Assignor and/or Original Purchaser with respect to the Property. 

(j) Assignor is currently in compliance with and shall at all times remain in compliance with the regulations of the Office of Foreign
Asset Control (“OFAC”) of the Department of the Treasury (including those named on OFAC’s Specially Designated Nationals and Blocked Persons List) and any statute, executive order (including, without limitation, the
September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action relating thereto. 

(k) Original Purchaser did not grant any approvals or consents permitted to be granted by the Purchaser under the Contract (nor permit
any deemed approval periods to expire or lapse with the exception of the deemed approval of the uncured title objections), submit any notices, elections, objections or documents to Seller that are required or permitted to be submitted under the
Contract or waive any requirements applicable to or defaults by Seller under the Contract except for the delivery of a title/survey objection notice and the delivery of copies of engineering reports and other due diligence information generated
during the feasibility period of the Contract and provided to Seller. 
 EXCEPT AS SET FORTH HEREIN OR IN THE DOCUMENTS TO BE
DELIVERED IN CONNECTION WITH THE CLOSING, ASSIGNEE ACKNOWLEDGES AND AGREES THAT ASSIGNOR HAS NOT MADE, DOES NOT MAKE AND SPECIFICALLY NEGATES AND DISCLAIMS ANY REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS, AGREEMENTS OR GUARANTIES OF ANY KIND OR
CHARACTER WHATSOEVER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE, OF, AS TO, CONCERNING, OR WITH RESPECT TO THE PROPERTY OR THE CONTRACT. 

All references herein to “Assignor’s knowledge,” “the best of Assignor’s knowledge” or words of similar
import shall refer only to the actual (as opposed to deemed, imputed or constructive) knowledge of Stephen C. Hess without inquiry and, notwithstanding any fact or circumstance to the contrary, shall not be construed to refer to the knowledge of any
other person 
  

 10 

 
or entity. Assignor represents and warrants to Assignee that such persons are in an official position on behalf of Assignor to have the information or the obligation to investigate to obtain such
information and/or the responsibility on behalf of Assignor for the matters and information which are the subject of Assignor’s representations. After Closing, Assignee shall have the right to bring an action against Assignor on the breach of a
representation or warranty hereunder but only if Assignee has provided written notice to Assignor of the breach within 12 months following the Closing Date. 

Notwithstanding anything contained in this Agreement to the contrary, in the event the Closing occurs, Assignee hereby expressly waives,
relinquishes and releases any right or remedy available to it at law, in equity or under this Agreement to make a claim against Assignor for damages that Assignee may incur, or to rescind this Agreement and the transactions contemplated hereby, as
the result of any of Assignor’s representations or warranties being untrue, inaccurate or incorrect, if and only if Assignee knew that such representation or warranty was untrue, inaccurate or incorrect at the time of the Closing and Assignee
nevertheless closes title hereunder. Assignee shall be “deemed to have known” that a representation or warranty was untrue, inaccurate or incorrect at the time of the Closing if any Due Diligence Information furnished or otherwise obtained
by Assignee contains express information which is materially inconsistent with such representation or warranty. All references herein to “Assignee’s knowledge,” “the best of Assignee’s knowledge,” “Assignee
knew” or words of similar import shall refer only to the actual (as opposed to deemed, imputed or constructive) knowledge of Tom McGonagle and Andrea Karp without inquiry and, notwithstanding any fact or circumstance to the contrary, shall not
be construed to refer to the knowledge of any other person or entity. Assignee represents and warrants to Assignor that such persons are in an official position on behalf of Assignee to have the information or the obligation to investigate to obtain
such information and/or the responsibility on behalf of Assignee for the matters and information which are the subject of Assignor’s knowledge set forth in this paragraph. 

11. Representations by Assignee. Assignee represents and warrants to Assignor as follows: 

(a) Assignee is a Delaware limited liability company duly organized, validly existing and in good standing under the laws of the State of
Delaware, with full right, power and authority to enter into this Agreement, and to perform all of the obligations and liabilities of Assignee required to be performed hereunder. 

(b) This Agreement has been duly and validly executed and delivered by and on behalf of Assignee, and, assuming the due authorization,
execution and delivery thereof by and on behalf of Assignor, constitutes a valid, binding and enforceable obligation of Assignee enforceable in accordance with its terms. 

(c) Neither the execution and delivery hereof, nor the taking of any action contemplated hereby, will conflict with or result in a breach
of any of the provisions of, or constitute a default, event of default or event creating a right of acceleration, termination or cancellation of any obligation under any instrument, note, mortgage, contract, judgment, order, award, decree or other
agreement or restriction to which Assignee is a party or by which Assignee is otherwise bound. 
  

 11 

 (d) Assignee is currently in compliance with and shall at all times remain in compliance
with the regulations of OFAC (including, without limitation, those named on OFAC’s Specially Designated Nationals and Blocked Persons List) and any statute, executive order (including, without limitation, the September 24, 2001, Executive
Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action relating thereto. 

12. Covenants of Assignor. 

(a) Assignor shall not amend (and Assignor warrants that Original Purchaser shall not amend) the Contract without Assignee’s prior
written consent, which consent may be withheld in Assignee’s sole and absolute discretion. 
 (b) Assignor shall have the
right to elect which Service Contracts, Equipment Leases and Policies the Purchaser under the Contract will assume and which ones Seller must terminate at or prior to Closing in accordance with Section 4.5 of the Contract. Assignor or Original
Purchaser, as applicable, shall obtain Assignee’s determination on such Service Contracts, Equipment Leases and Polices prior to submitting the election to Seller in accordance with Section 4.5 of the Contract. 

(c) Assignor shall not grant (and Assignor warrants that Original Purchaser shall not grant) any approvals or consents permitted to be
granted by the Purchaser under the Contract (nor permit any deemed approval periods to expire or lapse), submit any notices, elections, objections or documents to Seller that are required or permitted to be submitted under the Contract or waive any
requirements applicable to or defaults by Seller under the Contract without Assignee’s prior written consent, which may be granted or withheld in Assignee’s sole and absolute discretion so long as the failure to submit such notice,
election, obligation or document will not constitute (i) a waiver by Assignor of any obligation of the Seller under the terms of the Contract (in which case Assignee’s consent shall be subject to Assignee’s reasonable approval, rather
than sole and absolute discretion) or (ii) a default by Assignor under the terms of the Contract. 
 (d) Assignor shall
provide Assignee with simultaneous copies of all notices provided to Seller under the Contract by Assignor or Original Purchaser and shall promptly forward to Assignee any notices received by Assignor or Original Purchaser from Seller under the
Contract. 
 (e) Following the effective date of the Initial Assignment, Assignor shall cause Original Purchaser to cooperate
with Assignor and Assignee as reasonably required to consummate the Assignment and the Closing. 
 13. Assignment.
It is the express agreement of the parties hereto that any party hereto may assign its rights hereunder to an entity that is directly or indirectly controlled by such party or such party’s principals and that such assignment does not require
the consent of the 
  

 12 

 
non-assigning party, but will require written notice of the assignment. Except as expressly provided above, no party may assign any of its rights under this Agreement without the prior written
consent of the other parties. In the event of an assignment that does not require consent or an approved assignment in accordance with this Section 14, the assigning party shall provide notice of the intended assignment to the other parties
hereto at least five (5) business days in advance of the Closing Date and the assigning party shall not be released from its obligations hereunder. 

14. Remedies. 

(a) If Assignee fails to consummate the Assignment hereunder on or prior to the Closing Date for any reason except failure by Assignor or
Original Purchaser to perform hereunder or termination of this Agreement as provided herein, Assignor shall be entitled, as its sole remedy, to terminate this Agreement by giving Assignee and the Title Company written notice thereof prior to or at
the Closing Date and recover the Deposit as liquidated damages and not as penalty, in full satisfaction of claims against Assignee hereunder, in which case neither Assignee nor Assignor shall have any further rights or obligations hereunder, except
those that expressly survive termination of this Agreement. Subject to Section 15(c) below, Assignor and Assignee agree that Assignor’s damages resulting from Assignee’s default are difficult, if not impossible, to determine and the
Deposit is a fair estimate of those damages which has been agreed to in an effort to cause the amount of such damages to be certain. 

(b) If (i) Assignor and/or Original Purchaser fail to perform their obligations pursuant to this Agreement for any reason (except
for the failure by Assignee to perform hereunder or termination of this Agreement as provided herein), (ii) prior to the Closing Date any one or more of Assignor’s and/or Original Purchaser’s representations or warranties are breached
or untrue in any material respect, or (iii) Seller fails to perform its obligations (or breach any representation or warranty) under the terms of the Contract), then Assignee shall be entitled to elect to (A) terminate this Agreement and
recover the Deposit and the Pursuit Costs by giving Assignor and the Title Company timely written notice of such election prior to or at the Closing Date, (B) enforce specific performance (failing which, Assignee, may pursue the immediately
preceding option set forth in subparagraph (A)), or (C) waive such failure or breach and proceed to consummate the Assignment. “Pursuit Costs” shall mean the actual, out-of-pocket fees, costs and expenses, including, without
limitation, attorneys’ fees and costs, incurred by Assignee in connection with this Agreement and the transactions contemplated in this Agreement, in an amount not to exceed $60,000. Assignee will provide an itemization and reasonable backup of
such costs to Assignor if Assignee elects to recover Pursuit Costs. 
 (c) In the event either party hereto commences a legal
proceeding to enforce or obtain a declaration of its rights under this Agreement, the non-prevailing party in such proceeding shall pay the prevailing party all reasonable fees and expenses, including attorneys’ fees, incurred in connection
with such proceeding. 
 15. Notices. All notices required or permitted hereunder shall be in writing and shall be
served on the parties at the addresses set forth in below. Any such notices shall, unless otherwise provided herein, be given or served (a) by depositing the same in the United States mail, postage paid, certified and addressed to the party to
be notified, with return receipt 
  

 13 

 
requested, (b) by overnight delivery using a nationally recognized overnight courier, (c) by personal delivery, (d) by facsimile transmission with a confirmation copy delivered by
another method permitted under this Section 16, or (e) by electronic mail addressed to the electronic mail address set forth below for the party to be notified with a confirmation copy delivered by another method permitted under this
Section 16. Notice given in accordance herewith for all permitted forms of notice, other than by electronic mail, shall be effective upon the earlier to occur of actual delivery to the address of the addressee or refusal of receipt by the
addressee (even if such addressee refuses delivery thereof). Notice given by electronic mail in accordance herewith shall be effective upon the entrance of such electronic mail into the information processing system designated by the
recipient’s electronic mail address. Except for facsimile and electronic mail notices as described above, no notice hereunder shall be effective if sent or delivered by electronic means. In no event shall this Agreement be entered into,
executed, terminated, altered, amended or modified by electronic mail or electronic record. A party’s address may be changed by written notice to the other party; provided, however, that no notice of a change of address shall be effective until
actual receipt of such notice. Copies of notices are for informational purposes only, and a failure to give or receive copies of any notice shall not be deemed a failure to give notice. Notices given by counsel to the Purchaser shall be deemed given
by Purchaser and notices given by counsel to the Seller shall be deemed given by Seller. 
  

			
	If to Assignor:	 	 Air Express International USA

d/b/a DHL Global Forwarding
 1210 South Pine
Island Road, Suite 100
 Plantation, FL 33324

Attention: Legal Department
 Facsimile:
954-626-1694

		
	If to Assignee:	 	 Industrial Income Trust
 518 17
th Street, Suite 1700

Denver, CO 80202
 Attn: Tom McGonagle, Chief
Financial Officer
 303-226-9891

Facsimile: 303-597-1561
 Email:
tmcgonagle@industrialincome.com

		
	 With a copy to:
	 	 Brownstein Hyatt Farber Schreck, LLP

410 Seventeenth Street, Suite 2200
 Denver, CO
80202
 Attn: Noelle Riccardella

303-223-1204
 Facsimile: 303-223-8004

Email: nriccardella@bhfs.com

  

16. Commissions. Assignor shall be responsible to Matthew J. Wood of GVA Kidder Matthews (“Broker”)
for a real estate sales commission at closing (but only in the event of a closing in strict accordance with this Agreement) in accordance with a separate agreement between Assignor and Broker. In addition, Assignor shall be responsible for any
amounts to be 
  

 14 

 
paid to Original Purchaser in connection with the Initial Assignment, the Assignment, the Contract or otherwise in connection with the transactions contemplated herein. Other than as stated above
in this Section 16, Assignor (on behalf of itself and Original Purchaser) and Assignee each represent and warrant to the other that no real estate brokerage commission, finder’s fee or other similar fee is payable to any person or entity
in connection with the transaction contemplated hereby, and each agrees to and does hereby indemnify and hold the other harmless against the payment of any commission to any other person or entity claiming by, through or under the indemnifying party
(provided that Assignee’s obligations shall not extend to any commission or fee claimed by Broker or Original Purchaser and Assignor’s indemnification shall include the payment of commission to any person or entity claiming, by through or
under Original Purchaser as well as Assignor). This indemnification shall extend to any and all claims, liabilities, costs and expenses (including reasonable attorneys’ fees and litigation costs) arising as a result of such claims and shall
survive the Closing Date. 
 17. Counterparts; Facsimiles; Electronic Transactions. This Assignment may be
executed in multiple counterparts, each of which shall be deemed an original but together shall constitute one and the same document. The parties may exchange facsimile counterpart signature pages of this Assignment, and such facsimile counterparts
shall be considered an original counterpart. 
 18. Calculation of Time Periods. Unless otherwise specified, in
computing any period of time described herein, the date of the act or event after which the designated period of time begins to run is not to be included and the last day of the period so computed is to be included, unless such last day is not a
Business Day, in which event the period shall run until the end of the next day which is a Business Day. The last day of any period of time described herein shall be deemed to end at 5:00 p.m. local time in the state in which the Property is
located. As used herein, the term “Business Day” means any day that is not a Saturday, Sunday or legal holiday for national banks in the city in which the property is located. 

19. Governing Law. This Assignment shall be governed by the laws of the State of Washington. 

20. No Third Party Beneficiaries. Except as contemplated with respect to Original Purchaser in Recital E and
Section 2(a) of this Agreement, nothing in this Agreement, expressed or implied, is intended to confer any rights or remedies upon any person, other than the parties hereto and, subject to the restrictions on assignment herein contained, their
respective successors and assigns. 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.] 

 

 15 

 Assignor and Assignee have executed this Assignment to be effective as of the Effective
Date. 
  

			
	ASSIGNOR:
	AIR EXPRESS INTERNATIONAL USA, INC., an Ohio corporation, d/b/a DHL GLOBAL FORWARDING
		
	By:	 	 /s/ DAGMAR HENNES

	Name:	 	 Dagmar Hennes

	Title:	 	 Chief Financial Officer

Signature Pages to Agreement for Assignment and Assumption 

of Purchase and Sale Agreement 

			
	ASSIGNEE:
	IIT ACQUISITIONS LLC, a Delaware limited liability company
	By:	 	IIT Real Estate Holdco LLC, its Sole Member
	By:	 	Industrial Income Operating Partnership LP, its Sole Member
	By:	 	Industrial Income Trust Inc., its General Partner
		
	By:	 	 /s/ THOMAS G. MCGONAGLE

	Name:	 	 Thomas G. McGonagle

	Title:	 	 Chief Financial Officer and Treasurer

 

 Signature Pages to Agreement for Assignment and Assumption 

of Purchase and Sale Agreement 

 SIGNATURE PAGE 

ESCROW AGENT 
 The
undersigned hereby accepts the foregoing Agreement for Assignment and Assumption of Purchase and Sale Agreement and executes this Agreement for the purpose of agreeing to act as the Title Company in strict accordance with the terms thereof,
including, without obligation, the obligation to invest and disburse the Deposit pursuant to the terms and conditions of this Agreement. 
  

			
	ESCROW AGENT:
	
	Chicago Title Insurance Company
		
	By:	 	 /s/ JOYCELYN ARMSTRONG

	Name:	 	 Joycelyn Armstrong

	Title:	 	 Commercial Escrow Officer

	Date:	 	 June 22, 2010

 

 Signature Pages to Agreement for Assignment and Assumption 

of Purchase and Sale Agreement 

 EXHIBIT A 

Copy of the Contract 

[Follows This Page] 
  

 A-1 

 EXHIBIT B 

Initial Assignment 

ASSIGNMENT AND ASSUMPTION OF 

PURCHASE AND SALE AGREEMENT 

THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT (this “Assignment”) is made and entered into as of
June __, 2010 (the “Effective Date”), by and between COPELAND COMMERCIAL, LLC, a Texas limited liability company (“Assignor”), and AIR EXPRESS INTERNATIONAL USA, INC., an Ohio corporation d/b/a DHL
GLOBAL FORWARDING (“Assignee”). 
 WHEREAS, Assignor, as purchaser, entered into that certain Purchase
and Sale Agreement having an effective date of May 11, 2010, as amended by the First Amendment to Purchase and Sale Agreement (the “First Amendment”) dated as of June 15, 2010 and as further amended by the Second
Amendment to Purchase and Sale Agreement (the “Second Amendment”) dated as of June 18, 2010 (collectively, the “Contract”) for that certain real property located in Renton, King County, Washington
(the “Property”), with Hunter Douglas Real Property, Inc., a Delaware corporation, as seller; 

WHEREAS, Assignor wishes to assign to Assignee its rights pursuant to the Contract, relating to the purchase of the Property, with all
improvements and appurtenances thereto more particularly described in the Contract. 
 NOW, THEREFORE, in consideration of the
premises, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

1. Assignment and Assumption: Assignor hereby assigns to Assignee all of Assignor’s rights, title and interests in, to and
under the Contract and all the rights, benefits, privileges, and obligations of Assignor as the “purchaser” thereunder to, the Property, all sums paid or deposited into escrow in connection with the Contract, and any and all surveys, title
work, third parties studies and environmental reports and other third party reports, commitments, estoppels, utility and available letters and all other “Property Information,” as defined in the Contract. Assignee hereby accepts the
assignment of, and assumes the obligations of Assignor set forth in the Contract. 
 2. Representations of Assignor: In making the
foregoing assignment, Assignor hereby represents and warrants to Assignee as follows: 
 a. Assignor is a limited
liability company duly organized, validly existing and in good standing under the laws of the State of Texas and had the full right, power and authority to enter into the Contract and to perform all the obligations and liabilities of the purchaser
thereunder, and has the full right, power and authority to enter into this Assignment. 
  

 B-1 

 b. The Contract was duly and validly executed and delivered by Assignor and
assuming the due authorization, execution and delivery thereof by and on behalf of seller under the Contract, constitutes a valid, binding and enforceable obligation of Assignor, enforceable in accordance with its terms. 

c. Neither the execution and delivery of the Contract or this Assignment, nor the taking of any action contemplated by the
Contract or this Assignment, will conflict with or result in a breach of any of the provisions of, constitute a default, event of default or event creating a right of acceleration, termination or cancellation of any obligation under any instrument,
note, mortgage, contract, judgment, order, award, decree or other agreement or restriction to which Assignor is a party, or by which Assignor is otherwise bound. 

d. The Contract has not been modified by Assignor (except for the First Amendment and the Second Amendment), and has not
been terminated by Assignor or by Seller under the Contract. 
 e. Neither Assignor nor, to Assignor’s
knowledge, the Seller is in default under the Contract. 
 f. Assignor has not granted and will not grant any
approvals or consents permitted to be granted by the purchaser under the Contract (nor permit any deemed approval periods to expire or lapse with the exception of the deemed approval of the uncured title objections), submit any notices, elections,
objections or documents to the seller under the Contract or waive any requirements applicable to or defaults by seller under the Contract, except for the delivery of a title/survey objection notice and the delivery of copies of engineering reports
and other due diligence information generated during the feasibility period of the Contract and provided to the seller under the Contract. 

3. Governing Law. This Assignment shall be construed and enforced in accordance with the laws of the State of Washington
and the laws of the United States applicable therein and the parties shall attorn exclusively to the jurisdiction of the Courts of the State of Washington. 

4. Successors and Assigns. This Assignment shall inure to the benefit of and shall be binding upon the parties hereto and
their respective successors and assigns. 
 5. Severability. If any provision contained in this Assignment or its
application to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Assignment or the application of such provision to persons or circumstances other than those to which it is held invalid or
unenforceable, shall not be affected, and each provision of this Assignment shall be separately valid and enforceable to the fullest extent permitted by law. 

6. Notice of Assignment. A copy of this Assignment shall be sufficient notice to all persons of the assignment contained
herein and may be relied upon by any third party. 
  

 B-2 

 7. Counterparts; Facsimiles; Electronic Transactions. This Assignment may be
executed in multiple counterparts, each of which shall be deemed an original but together shall constitute one and the same document. 

[signature page follows this page.] 
  

 B-3 

 IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be executed as of
the Effective Date. 
  

			
	ASSIGNOR:
	
	COPELAND COMMERCIAL, LLC, a Texas limited liability company
		
	By:	 	  

		 	Bradley D. Copeland, President

  

 B-4 

			
	 ASSIGNEE:

	
	 AIR EXPRESS INTERNATIONAL USA, INC., an Ohio corporation d/b/a DHL GLOBAL
FORWARDING

			
		
	By:	 	 
    

			
	Name:	 	 
    

			
	Title:	 	      

 

 B-5 

 EXHIBIT C 

Assignment 

ASSIGNMENT AND ASSUMPTION OF 

PURCHASE AND SALE AGREEMENT 

THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT (this “Assignment”) is made and entered into as of
July __, 2010 (the “Effective Date”), by and between AIR EXPRESS INTERNATIONAL USA, INC., an Ohio corporation d/b/a DHL GLOBAL FORWARDING (“Assignor”) and
                    , a             
             (“Assignee”). 

WHEREAS, Copeland Commercial, LLC, a Texas limited liability company, as purchaser (“Original Purchaser”),
entered into that certain Purchase and Sale Agreement having an effective date of May 11, 2010, as amended by the First Amendment to Purchase and Sale Agreement (the “First Amendment”) dated as of June 15, 2010 and
as further amended by the Second Amendment to Purchase and Sale Agreement (the “Second Amendment”) dated as of June 18, 2010 (collectively, the “Contract”) relating to the acquisition of certain
land and improvements situated in the City of Renton, King County, Washington, together with related property and appurtenant rights, as denoted and further described in the Contract as the “Property,” with Hunter Douglas
Real Property, Inc., a Delaware corporation, as seller; 
 WHEREAS, Original Purchaser assigned the Contract to Assignor
pursuant to that certain Assignment and Assumption of Purchase and Sale Agreement dated June     , 2010 (the “Initial Assignment”); 

WHEREAS, Assignor and Assignee entered into that certain Agreement for Assignment and Assumption of Purchase and Sale Agreement having an
effective date of June     , 2010 (the “Assignment Agreement”). 
 WHEREAS,
pursuant to the provisions of the Assignment Agreement, Assignor wishes to assign to Assignee all of its benefits, rights, title and obligations under the Contract, relating to the purchase of the Property, with all improvements and appurtenances
thereto as more particularly described in the Contract. 
 NOW, THEREFORE, in consideration of the premises, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Assignor and Assignee agree as follows: 

1. Assignment and Assumption. Assignor hereby assigns to Assignee all of Assignor’s right, title and interest in, to,
and under the Contract and all the rights, benefits, privileges, and obligations of Assignor as the “purchaser” thereunder to, the Property, all sums paid or deposited into escrow in connection with the Contract, and any and all surveys,
title work, third party studies and environmental reports and other third party reports, commitments, estoppels, utility and available letters and all other “Due Diligence Materials,” as defined in the

  

 C-1 

 
Assignment Agreement, to the extent assignable and in the possession or reasonable control of Assignor, whether or not delivered by Original Purchaser or Assignor. Assignee hereby accepts the
assignment of, and assumes the obligations of Assignor set forth in the Contract. 
 2. Assignment Agreement. This
Assignment is made by Assignor and accepted by Assignee pursuant to, and subject to, the agreements and terms of the parties set forth in the Assignment Agreement, and Assignee shall have such liability and obligations as set forth therein.

 3. Governing Law. This Assignment shall be construed and enforced in accordance with the laws of the State of
Washington and the laws of the United States applicable therein and the parties shall attorn exclusively to the jurisdiction of the Courts of the State of Washington. 

4. Successors and Assigns. This Assignment shall inure to the benefit of and shall be binding upon the parties hereto and
their respective successors and assigns. 
 5. Severability. If any provision contained in this Assignment or its
application to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Assignment or the application of such provision to persons or circumstances other than those to which it is held invalid or
unenforceable, shall not be affected, and each provision of this Assignment shall be separately valid and enforceable to the fullest extent permitted by law. 

6. Notice of Assignment. A copy of this Assignment shall be sufficient notice to all persons of the assignment contained
herein and may be relied upon by any third party. 
 7. Counterparts; Facsimiles; Electronic Transactions. This
Assignment may be executed in multiple counterparts, each of which shall be deemed an original but together shall constitute one and the same document. 

[signature page follows this page.] 
  

 C-2 

 IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be executed as of the Effective
Date. 
  

					
	ASSIGNOR:
	
	AIR EXPRESS INTERNATIONAL USA, INC., an Ohio corporation d/b/a DHL GLOBAL FORWARDING
			
	By:	 		 	
	Name:	 		 	
	Title:	 	  
	 	

					
			
	ASSIGNEE:	 	  	 	  
		
	  
	 	 ,

	a                     
                    	 	
			
	By:	 		 	
	Name:	 		 	

					
	Title:	 	  
	 	

  

 C-3 

 EXHIBIT D 

ESCROW AGREEMENT 

THIS ESCROW AGREEMENT (this “Agreement”) is made the
             day of                     , 2010 among AIR
EXPRESS INTERNATIONAL USA, INC. d/b/a DHL GLOBAL FORWARDING (the “Assignor”),
                                      
   (the “Assignee”) and CHICAGO TITLE INSURANCE COMPANY (the “Escrow Agent”). 

RECITALS: 
 WHEREAS by
that Agreement for Assignment and Assumption of Purchase and Sale Agreement dated June             , 2010, as amended from time to time (the “Assignment Agreement”),
the Assignor agreed to assign to the Assignee and the Assignee agreed to assume from the Assignor all of the Assignor’s rights and obligations under that Purchase and Sale Agreement dated May 11, 2010, as amended, between Assignor’s
predecessor-in-interest, as purchaser, and Hunter Douglas Real Property, Inc., as seller, relating to the acquisition of certain land and improvements situated in the City of Renton, King County, Washington, together with related property and
appurtenant rights; 
 AND WHEREAS, unless otherwise defined herein, all capitalized words and expressions used in this
Agreement shall have the meanings ascribed to them in the Assignment Agreement; 
 AND WHEREAS the Assignee has deposited with
the Escrow Agent as of the date hereof the sum of One Million Six Hundred Thousand Dollars ($1,600,000.00) (the “Holdback”), which amount, including all interest earned thereon, shall be released to Assignor upon Substantial
Completion (as defined in the Lease) of the Tenant Improvements, in accordance with the terms of the Lease and this Agreement, and the Escrow Agent has agreed to deposit and hold such funds in escrow in accordance with the provisions of this
Agreement; 
 AND WHEREAS the Assignor, the Assignee and the Escrow Agent have agreed to enter into this Agreement to set out
the terms and conditions upon which the Holdback shall be held and released from escrow. 
 AGREEMENT: 

NOW THEREFORE, in consideration of the sum of Ten Dollars ($10.00) and for other good and valuable consideration (the receipt and
sufficiency of which is hereby acknowledged), the parties hereto covenant and agree as follows: 
 1. Appointment of
Escrow Agent. The Assignor and the Assignee hereby appoint the Escrow Agent to act as escrow agent on the terms and conditions set forth herein and the Escrow Agent hereby accepts such appointment on such terms and conditions. 

2. Holdback. On the date hereof, the Escrow Agent acknowledges that the Assignee has deposited with the Escrow Agent the
Holdback and the Escrow Agent accepts delivery of the Holdback in escrow subject to the terms and conditions of this Agreement. 
  

 D-1 

 3. Investment of Holdback. The Assignor and Assignee hereby jointly direct the
Escrow Agent to invest and reinvest the Holdback in a separate interest bearing account of a financial institution reasonably acceptable to Assignor and Assignee. The investment may have a maturity of less than 30 days from the date of investment.
The Escrow Agent shall have no liability to the other parties to this Agreement should it be unable to invest all or any portion of the Holdback as aforesaid for any period of time, provided it has made commercially reasonable efforts to do so. All
interest earned on the Holdback shall become part of the Holdback, and any taxes on such interest shall be paid by Assignor. Upon request by Escrow Agent, Assignor shall provide to Escrow Agent a W-9 Form verifying its Tax ID Number. 

4. Payment of Holdback. Assignor shall be entitled to release of he Holdback, including all interest earned thereon, in
accordance with the procedure set forth below, upon: (a) issuance of a certificate of substantial completion by Tenant's architect, which certificate may be the AIA form or another form reasonably acceptable to Assignee certifying that the
Tenant Improvements have been substantially completed (except for minor items of fit or finish or similar “punchlist” items); (b) delivery to Assignee of all required municipal approvals necessary to permit occupancy of the building
such as certificates of completion or occupancy; (c) delivery of final, unconditional lien waivers from all contractors, subcontractors, materialmen and vendors that performed work or provided materials in connection with the Tenant
Improvements; (d) delivery of an estoppel certificate from Tenant for the benefit of Assignee as landlord under the Lease, indicating among other things that all Tenant Improvement work has been completed in accordance with the terms of the
Lease, in the form attached to the Lease; (e) satisfaction of any other terms and conditions for release of the Holdback as set forth in the Lease and/or the Escrow Agreement; and (f) Assignee's written approval of all of the foregoing
items delivered to Assignee and satisfaction of all other conditions required for the Holdback, which approval shall not be unreasonably withheld, conditioned or delayed. Upon receipt of Assignee’s written confirmation as set forth in
(f) above, Assignor shall forward such confirmation to Escrow Agent and instruct Escrow Agent to disburse the Holdback to Assignor. Assignor shall simultaneously send a copy of such disbursement request to Assignee. Unless Assignee provides a
written objection (stating such objection with specificity) to Assignor and Escrow Agent within three (3) business days following receipt of such disbursement request, Escrow Agent shall immediately remit the Holdback to Assignor. 

5. Escrow Agent. 

a. Limited Duties of Escrow Agent. The Escrow Agent shall have no duties with respect to the Holdback except
as expressly set forth in this Agreement. The Escrow Agent shall not refer to, and shall not be bound by, the provisions of any agreement other than the terms of this Agreement, the Assignment Agreement and, where applicable, the Lease, and no
implied duties or obligations of the Escrow Agent may be read into this Agreement. The Escrow Agent’s duties with respect to the payment of the Holdback hereunder shall be fully performed by paying the Holdback to the recipient or recipients
specified in this Agreement and in accordance with the provisions of this Agreement and the Assignment Agreement. 

b. No Duties. Notwithstanding anything contained in this Agreement to the contrary, the Escrow Agent shall
have no duty to determine the performance or non-performance 
  

 D-2 

 
of any term or provision of this Agreement, the Lease or the Assignment Agreement and shall have no obligations, responsibilities or liabilities arising under any other agreement to which the
Escrow Agent is not a party, even though reference to such other agreement may be made in this Agreement. 
 c.
Entitlement of Escrow Agent to Rely on Written Instruments. The Escrow Agent shall be entitled to: 
 (i) act in
reliance upon any writing or instrument or signature which it, in good faith, believes to be genuine; 
 (ii) assume the
validity and accuracy of any statement or assertion contained in such a writing or instrument; or 
 (iii) assume that any
person purporting to give any written notice, advice or instructions on behalf of the Assignor or the Assignee in connection with the provisions of this Agreement has been duly authorized to do so. 

The Escrow Agent shall not, as such, be liable in any manner for the sufficiency or correctness as to form, execution or validity of any document, nor as
to the identity, authority or right of any person executing the same. 
 d. Indemnity. The Assignor
and Assignee hereby indemnify and agree to save the Escrow Agent harmless from and against any and all claims, losses, damages, expenses, costs and liabilities and to reimburse the Escrow Agent for any legal or related expenses, including those of
its own partners and associates (collectively, the “Escrow Agent Claims”) which the Escrow Agent may suffer or incur in connection with its acting as the escrow agent with respect to the Holdback under this Agreement, other
than Escrow Agent Claims arising as a result of the willful misconduct or gross negligence of the Escrow Agent in the performance of its duties under this Agreement. The Assignor and Assignee are equally responsible for the Escrow Agent’s costs
of administering this Agreement. The Assignor and the Assignee agree that the Escrow Agent will in no event be liable for any losses or claims other than arising as a result of the willful misconduct or gross negligence of the Escrow Agent and in
any event shall not be liable for indirect, consequential or punitive damages to either of the Assignor or the Assignee, regardless of whether or not such losses, claims or damages were reasonably foreseeable by the Escrow Agent, and the Escrow
Agent shall not be liable for, or accountable for, any interest or investment income on the Holdback except such interest as is earned on the Holdback. 

e. Delivery to Court. In the event that the Escrow Agent, acting reasonably, believes that: 

(i) any action is threatened or instituted against the Escrow Agent; 

 

 D-3 

 (ii) any dispute arises or any action is threatened or instituted, concerning the
entitlement of any party to the Holdback, or any part thereof; or 
 (iii) if at any time the Escrow Agent is uncertain as to
its obligations hereunder, 
 the Escrow Agent, following delivery of written notice to Assignee and Assignor, may apply to a court of competent
jurisdiction in King County, Washington for clarification or direction with respect to its obligations hereunder, and in such event, or if any other person should apply to a court of competent jurisdiction with respect to any matter affecting the
obligations of the Escrow Agent hereunder or otherwise relating to the Holdback or any part thereof, the Escrow Agent may and is hereby authorized to disburse, deliver or otherwise deal with the Holdback or the balance thereof, in accordance with
the directions, orders, judgments or decrees of such court. If a judicial proceeding is instituted by the Escrow Agent, it shall be entitled to its reasonable attorney’s fees with respect thereto. 

Notwithstanding anything to the contrary contained in this Agreement or in the Assignment Agreement, the Escrow Agent shall have full authority and right
at any time, following delivery of written notice to Assignee and Assignor, to deliver the Holdback into a court of competent jurisdiction and, if such deposit is made, the Escrow Agent shall be relieved of and discharged from any further
obligations, except to the extent attributable to the fraud or misrepresentation of the Escrow Agent, under this Agreement arising from and after the date such deposit is made. 

f. Authority to Comply with Orders. The Escrow Agent is authorized, in its sole discretion, to comply with
all writs, orders or decrees entered or issued, whether with or without jurisdiction, which purport to: 
 (i) attach, garnish
or levy upon the Holdback; 
 (ii) stay or enjoin the delivery or payment of the Holdback; or 

(iii) affect the Holdback in any way. 

The Escrow Agent shall not be liable to either the Assignor or the Assignee or to any other person because it obeys or complies with any such writ, order
or decree, even if such writ, order or decree is subsequently reversed, modified, annulled, set aside or vacated. 
 g.
Right to Consult Counsel. The Escrow Agent may consult with counsel of its own choice and shall have full and complete authorization and protection to act in accordance with the reasonable opinion of such counsel as to any matters in
connection with this Agreement. 
 h. Personal Appointment. The appointment of the Escrow Agent pursuant to this
Agreement is a personal appointment and the duty of the Escrow Agent is only to the Assignor and the Assignee, their successors and assigns, and to no other person whomsoever. 

 

 D-4 

 i. Resignation of Escrow Agent. The Escrow Agent may resign at any time by written notice to
the Assignor and the Assignee. Upon the effective date of such resignation, the Holdback then held by the Escrow Agent hereunder shall be delivered by it to such person as may be jointly designated in writing by the Assignor and the Assignee as the
new escrow agent (the “Successor Escrow Agent”). If the Assignor and the Assignee fail to deliver such a written designation, the Escrow Agent shall not resign its position until such designation is delivered or until the
Holdback is delivered to the control of a court of competent jurisdiction. Upon the delivery of the Holdback to the Successor Escrow Agent designated by the Assignor and the Assignee or to a court of competent jurisdiction, all of the Escrow
Agent’s obligations as escrow agent hereunder arising from and after the date of delivery thereof shall cease and terminate. On appointment of a new escrow agent, such new escrow agent shall be vested with the same powers, rights and
obligations as if it had been originally named herein as escrow agent without any further assurance, conveyance, act or deed; but there shall be immediately executed, at the expense of the Assignor and the Assignee, all such conveyances or other
instruments as may, in the reasonable opinion of the Successor Escrow Agent, be necessary or advisable for the purposes of effectively transferring the Holdback and the rights, authority, entitlements and duties of Escrow Agent hereunder to the
Successor Escrow Agent. 
 j. Survival. The provisions of this Section 5 shall survive the fulfillment of the
Escrow Agent’s duties under this Agreement, the resignation of the Escrow Agent, or any other event or circumstance. 
 6.
Notices. 
 a. Receipt of Notice. Any notice, certificate, consent, determination or other
communication required or permitted to be given or made under this Agreement (collectively, a “Notice”) shall be in writing and shall be effectively given and made if (a) delivered or (b) sent by fax or other
similar means of electronic communication, in each case to the applicable address set out below: 
  

					
	in the case of the Assignor addressed to:
	
	 Air Express International USAd/b/a

DHL Global Forwarding

	      
	 	
	      
	 	
	Attention:	 	  
	 	
	Facsimile:	 	  
	 	
	Email:	 	  
	 	
		
	in the case of the Assignee:	 	
		
	Industrial Income Trust	 	
	518
17th Street, Suite 1700	 	
	Denver, CO 80202	 	

  

 D-5 

	
	Attn: Tom McGonagle, Chief Financial Officer
	303-226-9891
	Facsimile:
                            
	Email: tmcgonagle@industrialincome.com
	
	With a copy to:
	
	Brownstein Hyatt Farber Schreck, LLP
	410 Seventeenth Street, Suite 2200
	Denver, CO 80202
	Attn: Noelle Riccardella
	303-223-1204
	Facsimile: 303-223-8004
	 Email: nriccardella@bhfs.com
  

and in the case of the Escrow Agent addressed to it at:

	
	Chicago Title Insurance Company
	2001 Bryan Street, Suite 1700
	Dallas, TX 75201
	Attention:        Joycelyn Armstrong
	214- 965-1668
	Facsimile:        (214) 965-1625
	Email: armstrongjo@ctt.com

 b.
Receipt of Notice. Any such communication so given or made shall be deemed to have been given or made and to have been received on the day of delivery if delivered, or on the day of faxing or sending by other means of recorded
electronic communication, provided that such day is in either event a Business Day and the communication is so delivered, faxed or sent prior to 5:00 p.m. (Dallas, Texas time) on such day. Otherwise, such communication shall be deemed to have been
given and made and to have been received on the next following Business Day. 
 c. Change of Address. Any party may
from time to time change its address under this Section by notice to the other party given in the manner provided by this Section. 

7. Costs. The Assignor and Assignee shall each pay to and reimburse the Escrow Agent for one-half of its reasonable costs
in acting as Escrow Agent and administering the Holdback pursuant to the terms of this Agreement and the Assignment Agreement. 

8. Successors and Assigns. This Agreement shall inure to the benefit of and shall be binding upon the parties hereto and
their respective successors and assigns. 
 9. Severability. If any provision contained in this Agreement or its
application to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Agreement or the application of such provision to persons or circumstances other than those to which it is held invalid or
unenforceable, shall not be affected, and each provision of this Agreement shall be separately valid and enforceable to the fullest extent permitted by law. 
  

 D-6 

 10. Time. Time shall be of the essence with respect to every provision of this
Agreement. 
 11. Conflicts. In the event of any conflict, ambiguity, difference and/or inconsistency between the
terms and conditions of this Agreement and/or any other agreement or instrument between the parties hereto, the terms and conditions of this Agreement shall govern in all respects. 

12. Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Washington
and the laws of the United States applicable therein and the parties shall attorn exclusively to the jurisdiction of the Courts of the State of Washington. 

13. Further Assurances. The Assignor and Assignee shall do all such things and provide all such reasonable assurances as
may be required by the Escrow Agent to consummate the transactions contemplated by this Agreement from time to time and each shall provide such further instruments required by the Escrow Agent as may be reasonably necessary or deemed desirable by
the Escrow Agent to effect the purpose of this Agreement and/or to carry out its provisions from time to time. The Escrow Agent also agrees to execute and deliver all such further documents and do such other things as the other parties may
reasonably request to give full effect to this Agreement. 
 14. Counterparts. This Agreement may be executed in
counterparts, each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument. Counterparts may be executed either in original or faxed form and the parties to this Agreement
adopt any signatures received by receiving telecopier machine or email of a PDF document as original signatures of the parties. 

[Signature Page Follows This Page.] 
  

 D-7 

 IN WITNESS WHEREOF the parties have executed this Agreement. 

 

					
	ASSIGNOR:	 	 AIR EXPRESS INTERNATIONAL USA, INC.,

an Ohio corporation, d/b/a DHL GLOBAL FORWARDING

			
		 	By:	 	  

		 	Name:	 	  

							
		 	Title:	 	      

			
	ASSIGNEE:	 	  
	 	,

							
	 a             
            
	 		 		 	

					
			
		 	By:	 	  

					
		 	Name:	 	  

		 	Title:	 	  

	  
 ESCROW AGENT:
	 	  
 CHICAGO TITLE INSURANCE
COMPANY

			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  

 D-8 

 EXHIBIT E 

LEASE 

[Follows this Page] 
  

 E-1 

 EXHIBIT F 

FIRPTA 

CERTIFICATION OF NON-FOREIGN STATUS 

Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the
transferor is a foreign person. For U.S. tax purposes, (including section 1445), the owner of a disregarded entity (which has legal title to a U.S. real property interest under local law) will be the transferor of the property and not the
disregarded entity. To inform the transferee that withholding of tax is not required upon the disposition of a U.S. real property interest by Air Express International USA, Inc. d/b/a DHL Global Forwarding, an Ohio corporation
(“Transferor”), the undersigned hereby certifies the following on behalf of Transferor: 
  

	 	1.	Transferor is not a foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax
Regulations); 

  

	 	2.	Transferor is not a disregarded entity as defined in Treas. Reg. § 1.1445-2(b)(2)(iii). 

 

	 	3.	Transferor’s U.S. employer identification number is
                                        ;
and 

  

	 	4.	Transferor’s office address is
                                         
                                         
          . 

 Transferor understands that this certification
may be disclosed to the Internal Revenue Service by Transferee and that any false statement contained herein to be punished by fine, imprisonment or both. 

Under penalties of perjury, I declare that I have examined this certification and to the best of my knowledge and belief, it is true,
correct and complete, and I further declare that I have authority to sign this document on behalf of the Transferor. 
  

					
	Dated:    June     , 2010	 	  

		 	Name:	 	  

		 	Title: 	 	  

  

 F-1 

 SCHEDULE 1 

Previously Delivered Due Diligence Materials 

1. Purchase and Sale Agreement between Hunter Douglas Real Property, Inc. and Copeland Commercial, LLC 

2. First Amendment to Purchase and Sale Agreement dated June 15, 2010 

3. Second Amendment to Purchase and Sale Agreement dated June 18, 2010 

4. Expenses and Budgets dated 5/10 
 5. Lease
Agreement dated 5/10 
 6. Market Data and Lease Comps prepared 5/10 

7. Phase 1 Environmental Site Assessment prepared by Geotech Consultants, Inc. dated 9/3/96 

8. Estimate of projected growth, drawings, facility information, LEED Scorecard and other LEED documents, dated 6/10 

9. Phase I Environmental Site Assessment prepared by Blackstone Consulting, LLC dated 6/1/10 

10. Photos of property 
 11. Survey and
supporting documents prepared by Barghausen Consulting Engineers, Inc. dated 5/10 
 12. Chicago Title Insurance Letter dated 5/12/10 regarding
timeline of pertinent dates 
 13. Commitment for Title Insurance – Chicago Title – and underlying documents, dated 5/5/10 

14. Old Republic Title Insurance Commitment dated 2/5/09 

15. Energy and Water Consumption and Expense Charts – 2007 and 2008 

16. Certificate of Occupancy dated January 19,1 998 

17. Fire Code Violation Notice and Correction dated 7/15/09 

18. Historical Capital & Repair Cost Chart for FYE 12/31/10 

19. Infared Thermographical Inspection performed by Colbert Infrared Services dated 3/7/08 

20. NW Capital Budget 2009 
  

 Schedule 1-1 

 21. NW Capital Budget 2010 

22. Secondary Fire Access Easement Agreement dated 12/12/97 

23. Site Plan prepared by Lance Mueller & Associates dated 10/10/06 

24. EDR Radius map prepared by Environmental Data Resources Risk Management Data dated 9/10/96 

25. National Flood Insurance Program Evaluation Certificate dated 5/24/10 

26. Plans prepared by Patriot Fire Protection dated 7/11/97 

27. City of Renton Backflow Prevention Assembly Test Notice dated 2/22/10 

28. Geotechnical Engineering Study prepared by Earth Consultants, Inc. dated 8/19/96 

29. Correspondence confirming that Hunter Douglas was self insured dated 5/18/10 

30. King County Assessor on-line data dated 4/29/10 

31. Correspondence regarding flood insurance dated 5/18/10 

32. Civil drawings prepared by Bush, Roed & Hitchings, Inc. dated 3/26/96 

33. Correspondence regarding due diligence deliverables dated 5/10 

34. Roofing Proposal and Sales Agreement with Fields Roof Service, Inc. dated 5/26/10 

35. Floor plans prepared by Craft Architects dated 6/9/10 

36. Breakdown of office areas dated 5/15/10 

37. Property Tax Statements 
  

	 	a.	—2010 – Bills for All Utilities (Jan - Mar) 

  

	 	b.	—2009 – Sewage 

  

	 	c.	—2009 – Electricity 

  

	 	d.	—2009 – Gas 

  

	 	e.	—2009 – Garbage 

 38. Security Study
dated 6/3/10 
  

 Schedule 1-1 

 PURCHASE AND SALE AGREEMENT 

BETWEEN 

HUNTER DOUGLAS REAL PROPERTY, INC. 

AS SELLER 

AND 

COPELAND COMMERCIAL, LLC 

AS PURCHASER 

DATED MAY 11, 2010 
 THIS
DOCUMENT IS A DRAFT DOCUMENT FOR DISCUSSION PURPOSES ONLY AND IS NOT INTENDED TO BE AND SHALL NOT BE DEEMED TO BE CONTRACTUALLY BINDING IN ANY WAY ON ANY PERSON (AN “APPLICABLE PERSON”). THIS DOCUMENT DOES NOT OBLIGATE ANY APPLICABLE
PERSON TO NEGOTIATE IN GOOD FAITH OR TO PROCEED TO COMPLETION AND EXECUTION OF A FINAL AGREEMENT. NO APPLICABLE PERSON IS BOUND BY ANY PROVISION OF THE DOCUMENT UNTIL IT IS EXECUTED BY SUCH PERSON. NO APPLICABLE PERSON HAS OR SHALL HAVE ANY CLAIM
AGAINST ANY OTHER APPLICABLE PERSON IN CONNECTION WITH THIS DOCUMENT OR THE NEGOTIATION THEREOF. 

 TABLE OF CONTENTS 

 

					
	 	 	 	  	Page No.
		
	 ARTICLE 1. BASIC INFORMATION
	  	1
	 Section 1.1
	 	 Certain Basic Terms
	  	1
	 Section 1.2
	 	 Closing Costs
	  	2
	 Section 1.3
	 	 Notice Addresses:
	  	3
		
	 ARTICLE 2. PROPERTY
	  	3
	 Section 2.1
	 	 Property
	  	3
		
	 ARTICLE 3. EARNEST MONEY
	  	4
	 Section 3.1
	 	 Deposit and Investment of Earnest Money
	  	4
	 Section 3.2
	 	 Independent Consideration
	  	4
	 Section 3.3
	 	 Form; Failure to Deposit
	  	4
	 Section 3.4
	 	 Disposition of Earnest Money
	  	5
		
	 ARTICLE 4. DUE DILIGENCE
	  	5
	 Section 4.1
	 	 Due Diligence Materials To Be Delivered
	  	5
	 Section 4.2
	 	 Due Diligence Materials To Be Made Available
	  	6
	 Section 4.3
	 	 Physical Due Diligence
	  	6
	 Section 4.4
	 	 Due Diligence/Termination Right
	  	6
	 Section 4.5
	 	 Service Contracts, Equipment Leases and Policies
	  	7
	 Section 4.6
	 	 Purchaser’s Responsibilities
	  	7
	 Section 4.7
	 	 Purchaser’s Agreement to Indemnify
	  	7
		
	 ARTICLE 5. TITLE AND SURVEY
	  	7
	 Section 5.1
	 	 Title Commitment
	  	7
	 Section 5.2
	 	 Survey
	  	7
	 Section 5.3
	 	 Title Review
	  	8
	 Section 5.4
	 	 Delivery of Title Policy at Closing
	  	8
		
	 ARTICLE 6. OPERATIONS AND RISK OF LOSS
	  	8
	 Section 6.1
	 	 Ongoing Operations
	  	8
	 Section 6.2
	 	 Damage
	  	9
	 Section 6.3
	 	 Condemnation
	  	10
	 Section 6.4
	 	 Insurance Policies
	  	10
	 Section 6.5
	 	 Compliance with Legal Requirements
	  	10
	 Section 6.6
	 	 Lease Back Agreement
	  	10
		
	 ARTICLE 7. CLOSING
	  	11
	 Section 7.1
	 	 Closing
	  	11
	 Section 7.2
	 	 Conditions to Purchaser’s Obligation to Close
	  	11
	 Section 7.3
	 	 Seller’s Deliveries in Escrow
	  	11
	 Section 7.4
	 	 Purchaser’s Deliveries in Escrow
	  	12
	 Section 7.5
	 	 Closing Statements
	  	13
	 Section 7.6
	 	 Purchase Price
	  	13
	 Section 7.7
	 	 Possession
	  	13
	 Section 7.8
	 	 Delivery of Books and Records
	  	13
	 Section 7.9
	 	 Delivery and Review of Seller’s Deliveries
	  	13
		
	 ARTICLE 8. PRORATIONS, COMMISSIONS
	  	13
	 Section 8.1
	 	 Prorations
	  	13

  

 i 

					
	 Section 8.2
	 	Leasing Costs	  	14
	 Section 8.3
	 	Closing Costs	  	14
	 Section 8.4
	 	Adjustment After Closing	  	14
	 Section 8.5
	 	Commissions	  	14
	 Section 8.6
	 	Indemnifications	  	14
		
	 ARTICLE 9. REPRESENTATIONS AND WARRANTIES
	  	14
	 Section 9.1
	 	Seller’s Representations and Warranties	  	14
	 Section 9.2
	 	Purchaser’s Representations and Warranties	  	17
	 Section 9.3
	 	Survival of Representations and Warranties	  	18
		
	 ARTICLE 10. DEFAULT AND REMEDIES
	  	18
	 Section 10.1
	 	Seller’s Remedies	  	18
	 Section 10.2
	 	Purchaser’s Remedies	  	18
	 Section 10.3
	 	Attorneys’ Fees	  	18
	 Section 10.4
	 	Other Expenses	  	18
		
	 ARTICLE 11. MISCELLANEOUS
	  	19
	 Section 11.1
	 	No Assumption of Liabilities	  	19
	 Section 11.2
	 	Seller’s Indemnity	  	19
	 Section 11.3
	 	Limitation of Liability	  	19
	 Section 11.4
	 	Parties Bound; Assignment	  	20
	 Section 11.5
	 	Headings	  	20
	 Section 11.6
	 	Invalidity and Waiver	  	20
	 Section 11.7
	 	Governing Law	  	20
	 Section 11.8
	 	Survival	  	20
	 Section 11.9
	 	Entirety and Amendments	  	20
	 Section 11.10
	 	Time	  	20
	 Section 11.11
	 	No Electronic Transactions	  	20
	 Section 11.12
	 	Notices	  	20
	 Section 11.13
	 	Construction; Waiver	  	21
	 Section 11.14
	 	Calculation of Time Periods	  	21
	 Section 11.15
	 	Execution in Counterparts; Offer and Acceptance	  	21
	 Section 11.16
	 	Further Assurances	  	21
	 Section 11.17
	 	No Marketing	  	21

  

 ii 

 LIST OF DEFINED TERMS 

 

			
	 	  	Page No.
	 Additional Deposit
	  	4
	 Additional Property Information
	  	6
	 Agreement
	  	1
	 Assignee
	  	C-1
	 Assignment
	  	12
	 Assignor
	  	C-1
	 Broker
	  	2
	 Business Day
	  	21
	 Casualty Notice
	  	10
	 Claims
	  	G-1
	 Closing
	  	11
	 Closing Date
	  	2
	 Closing Documents
	  	15
	 Code
	  	17
	 Commencement Date
	  	G-1
	 Conveyance Documents
	  	13
	 Deed
	  	12
	 Due Diligence Acceptance Notice
	  	7
	 Earnest Money
	  	1
	 Effective Date
	  	2
	 Equipment Leases
	  	6
	 ERISA
	  	17
	 Escrow Agent
	  	2
	 Improvements
	  	4
	 including
	  	21
	 Information Delivery Date
	  	2
	 Initial Deposit
	  	1
	 Inspection Period
	  	2
	 Intangible Personal Property
	  	4
	 Land
	  	4
	 Lease Back Agreement
	  	11
	 Lease Back Termination Date
	  	11
	 Legal Requirements
	  	15
	 Material Damage
	  	10
	 Materially Damaged
	  	10
	 Non-Permitted Exceptions
	  	8
	 Note
	  	5
	 OFAC
	  	17
	 Operating Statements
	  	5
	 Permitted Exceptions
	  	8
	 Plan
	  	17
	 Property
	  	4
	 Property Documents
	  	7
	 Property Information
	  	5
	 Purchase Price
	  	1
	 Purchaser
	  	1
	 Pursuit Costs
	  	2
	 Real Property
	  	4
	 Seller
	  	1
	 Seller Representative
	  	17
	 Service Contracts
	  	6

  

 iii 

			
	 Survey 
	  	8
	 Survival Period
	  	18
	 Tangible Personal Property
	  	4
	 Taxes
	  	14
	 Title and Survey Review Period
	  	2
	 Title Commitment
	  	7
	 Title Commitment Delivery Date
	  	2
	 Title Company
	  	1
	 Title Policy
	  	8

  

 iv 

 PURCHASE AND SALE AGREEMENT 

Hunter Douglas Building, Renton, Washington 

This Purchase and Sale Agreement (this “Agreement”) is made and entered into by and between Seller and Purchaser.

 RECITALS: 

A. Defined terms are indicated by initial capital letters. Defined terms shall have the meaning set forth herein, whether or not such
terms are used before or after the definitions are set forth. 
 B. Purchaser desires to purchase the Property and Seller
desires to sell the Property, all upon the terms and conditions set forth in this Agreement. 
 AGREEMENTS:

 NOW, THEREFORE, in consideration of the mutual terms, provisions, covenants and agreements set forth herein, as well as
the sums to be paid by Purchaser to Seller, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, Purchaser and Seller agree as follows: 

ARTICLE 1. 

BASIC INFORMATION 

Section 1.1 Certain Basic Terms. The following defined terms shall have the meanings set forth below: 

 

					
	(a)	  	Seller:	  	HUNTER DOUGLAS REAL PROPERTY, INC.
			
	(b)	  	Purchaser:	  	COPELAND COMMERCIAL, LLC
			
	(c)	  	Purchase Price:	  	$8,000,000
			
	(d)	  	Initial Deposit:	  	$200,000 (such amount, together with interest thereon and the Additional Deposit [defined below], if applicable, is hereinafter sometimes called the “Earnest
Money”) to be deposited in accordance with Section 3.1.
			
	(e)	  	Title Company:	  	 Chicago Title Insurance Company

2001 Bryan Street, Suite 1700
 Dallas, Texas
75201
 Attention: Joycelyn Armstrong

Telephone: 214- 965-1668
 Facsimile: 214-
965-1625
 E-mail: armstrongjo@ctt.com
  

In connection with the Closing, Title Company will work in conjunction with its local office in Seattle, WA.

 

 1 

					
	(f)	  	Escrow Agent:	  	[To be provided]
		  		  	  

		  		  	  

		  		  	  

		  		  	
Attention:                       
                    

Telephone:                       
                                         
                                         
                                         
                        

Facsimile:                       
                                         
                                         
                                         
                          

E-mail:                        
                                         
                                         
                                         
                              

			
	(g)	  	Broker:	  	 GVA Kidder Matthews
 12886
Interurban Avenue South
 Seattle, Washington 98168

Attention: Chris Corr
 Telephone: 206-248-7324

 Facsimile: 206-248-7342
 E-mail:
ccorr@gvakm.com

			
	(h)	  	Effective Date:	  	The date on which this Agreement is executed by the latter to sign of Purchaser or Seller, as indicated on the signature page of this Agreement.
			
	(i)	  	Information Delivery Date:	  	The date which is 10 days after the Effective Date.
			
	(j)	  	Title Commitment Delivery Date:	  	The date which is 5 days after the Effective Date.
			
	(k)	  	Title and Survey Review Period:	  	The period ending 20 days after Purchaser’s receipt of the initial Title Commitment and the initial Survey.
			
	(l)	  	Inspection Period:	  	The period beginning on the Information Delivery Date and ending 25 days thereafter, subject to extension as provided in Section 4.4.
			
	(m)	  	Pursuit Costs:	  	The actual, out-of-pocket fees, costs and expenses incurred by Purchaser in connection with this Agreement and the transactions contemplated in this Agreement, in an amount not to
exceed $75,000.
			
	(n)	  	Closing Date:	  	The date which is 30 days after the expiration of the Inspection Period.

Section 1.2 Closing Costs. Closing costs shall be allocated and paid as follows: 

 

			
	 COST
	  	RESPONSIBLE PARTY
		
	 Title Commitment required to be delivered pursuant to Section 5.1
	  	Seller
		
	 Premium for extended coverage Title Policy required to be delivered pursuant to Section 5.4
	  	Purchaser
		
	 Premium for any upgrade of Title Policy for any additional endorsements desired by Purchaser
	  	Purchaser

  

 2 

			
		
	 Any inspection fee charged by the Title Company, tax certificates, municipal and utility lien certificates, and any other Title
Company charges
	  	Purchaser:  1/2

 Seller:
 1/2

		
	 Costs of Survey and/or any revisions, modifications or recertifications thereto
	  	Buyer
		
	 Costs for UCC searches
	  	Buyer
		
	 Recording fees – Deed
	  	Seller
		
	 Recording fees – Other
	  	Buyer
		
	 Any deed taxes, documentary stamps, transfer taxes, intangible taxes, mortgage taxes or other similar taxes, fees or assessments

	  	Seller
		
	 Any escrow fee charged by Escrow Agent for holding the Earnest Money or conducting the Closing
	  	Purchaser:
 1/2

Seller:
 1/2

		
	 Real Estate Sales Commission to Broker
	  	Seller
		
	 All other closing costs, expenses, charges and fees
	  	The party incurring the
same

Section 1.3 Notice Addresses: 
  

			
	Seller:	  	Copy to:
		
	 Hunter Douglas Real Property, Inc.

2 Park Way & Route 17 South
 Upper
Saddle River, NJ 07458
	  	 Alston, Courtnage & Bassetti LLP

1000 Second Avenue, Suite 3900
 Seattle, WA
98104-1045

	Attention: Richard Gottuso	  	 Attention:Thomas W. Read

	Telephone:                            
                                         
                             	  	Telephone:206-623-7600
	Facsimile:                            
                                         
                              	  	Facsimile:206-623-1752
	E-mail: richard.gottuso@hunterdouglas.com	  	 E-mail:tread@alcourt.com

		
	Purchaser:	  	Copy to:
		
	Copeland Commercial, LLC	  	Vinson & Elkins L.L.P.
	5950 Berkshire Lane	  	2001 Ross Avenue, Suite 3700
	Dallas, Texas 75225	  	Dallas, Texas 75201
	Attention:Brad Copeland	  	Attention:Joel L. Ross
	Telephone: 214-367-3000	  	Telephone:214-220-7769
	Facsimile: 214-370-9001	  	Facsimile:214-999-7769
	E-mail: Brad@CopelandCommercial.com	  	E-mail:jross@velaw.com

 ARTICLE 2. 

 PROPERTY 

Section 2.1 Property. Subject to the terms and conditions of this Agreement, Seller agrees to sell, convey and assign
to Purchaser, and Purchaser agrees to purchase and accept from Seller, the following property (collectively, the ”Property”): 

(a) Real Property. The land situated in the City of Renton, King County, Washington, described in Exhibit A hereto
(the “Land”), together with (1) all improvements located thereon (“Improvements”), 

 

 3 

 (2) all and singular the rights, interests, benefits, privileges, easements, tenements, hereditaments, and
appurtenances thereon or in any way appertaining thereto, and (3) without warranty, all right, title, and interest of Seller, if any, in and to all strips and gores and any land lying in the bed of any street, right-of-way, road or alley, open
or proposed, adjoining such Land (collectively, the “Real Property“). 
 (b) Tangible Personal
Property. Except as specified by Seller in Exhibit H hereto, all of the equipment, machinery, furnishings, supplies and other tangible personal property and fixtures, if any (but excluding any furniture or racking), owned by Seller
and now or hereafter located in or used in connection with the operation, ownership, maintenance, use, leasing, service, or management of the Real Property, but specifically excluding any items of personal property owned by tenants at or on the Real
Property and further excluding any items of personal property owned by third parties and leased to Seller (collectively, the “Tangible Personal Property“). 

(c) Intangible Personal Property. All of Seller’s intangible personal property related to the Real Property and the
Improvements, including: (1) all trade names, trade marks and other identifying material associated exclusively with the Real Property and the Improvements (but excluding the name “Hunter Douglas” and all variations of such name used
or owned by Seller, as well as any product trademarks or trade names not exclusively related to the Property that are used, or are expected to be used, by Seller), and all marketing or promotional materials specific to the Real Property;
(2) the plans and specifications and all other architectural and engineering drawings for the Improvements, if any (to the extent assignable); (3) warranties, guaranties, indemnities and claims of architects, contractors, suppliers and
others (to the extent assignable); (4) surveys, engineering reports and other technical information relating to the Real Property or Improvements; (5) contract rights related to the construction, operation, ownership, maintenance, use,
leasing, service, or management of the Real Property, if any (but only to the extent assignable and only to the extent Seller’s obligations thereunder are expressly assumed by Purchaser pursuant to this Agreement); (6) governmental
permits, approvals, licenses, or similar documents, if any (to the extent assignable); and (7) other property owned or held by Seller relating to the design, construction, ownership, leasing, or operation of the Real Property or any of the
items listed in this Section 2.1(c) (collectively the “Intangible Personal Property“). 
 ARTICLE
3. 
 EARNEST MONEY 

Section 3.1 Deposit and Investment of Earnest Money. Within two Business Days after the Effective Date, Purchaser
shall deposit the Initial Deposit with Escrow Agent. If upon the expiration of the Inspection Period, this Agreement is still in force and effect, Purchaser shall make an additional cash deposit of $150,000 (the “Additional
Deposit“), and Seller shall have the right to instruct the Escrow Agent to convert the Note (hereinafter defined) to cash. Once converted to cash, the Earnest Money shall be nonrefundable to Purchaser, except in case of Seller’s
default or as otherwise expressly provided hereunder, and Escrow Agent shall invest the Earnest Money in government insured interest-bearing accounts satisfactory to Purchaser (provided, however, the Earnest Money may not be invested in a money
market account), shall not commingle the Earnest Money with any funds of Escrow Agent or others, and shall promptly provide Purchaser and Seller with confirmation of the investments made. Such account shall have no penalty for early withdrawal.

 Section 3.2 Independent Consideration. Seller and Purchaser acknowledge and agree that Purchaser’s
agreement to perform its obligations under this Agreement, including the obligation to deposit any portion of the Earnest Money, is adequate and sufficient consideration to support this Agreement, notwithstanding Purchaser’s termination rights
hereunder. 
 Section 3.3 Form; Failure to Deposit. The Earnest Money shall be in the form of a non-interest
bearing promissory note payable to the order of Seller and otherwise in the form approved by Seller and Purchaser prior to the Effective Date (the “Note“). If Purchaser fails to timely deposit the Earnest Money within the
time periods required, Seller may terminate this Agreement by written notice to Purchaser at any time prior to the date on which Purchaser deposits such Earnest Money, in which event the parties hereto shall have no further rights or obligations
hereunder, except for rights and obligations which, by their terms, survive the termination hereof. 
  

 4 

 Section 3.4 Disposition of Earnest Money. The Earnest Money shall be
applied as a credit to the Purchase Price at Closing. However, if Purchaser elects to terminate (or is deemed to have terminated) this Agreement as permitted under this Agreement, Escrow Agent shall pay the entire Earnest Money to Purchaser one
Business Day following the termination (or deemed termination) of this Agreement, and no notice to or approval from Seller shall be required for such payment of the Earnest Money to Purchaser. In the event of any other termination of this Agreement
by either party, Escrow Agent is authorized to deliver the Earnest Money to the party hereto entitled to same pursuant to the terms hereof on or before the fifth Business Day following receipt by Escrow Agent and the non-terminating party of written
notice of such termination from the terminating party, unless the non-terminating party notifies Escrow Agent that it disputes the right of the terminating party to receive the Earnest Money. In the event of such a dispute, Escrow Agent may
interplead the Earnest Money into a court of competent jurisdiction in the county in which the Earnest Money has been deposited. All attorneys’ fees and costs and Escrow Agent’s costs and expenses incurred in connection with such
interpleader shall be assessed against the party that is not awarded the Earnest Money, or if the Earnest Money is distributed in part to both parties, then in the inverse proportion of such distribution. 

ARTICLE 4. 

DUE DILIGENCE 

Section 4.1 Due Diligence Materials To Be Delivered. Seller shall deliver, or cause to be delivered, to Purchaser the
following documents and information (collectively, the “Property Information“) on or before the Information Delivery Date, in each case to the extent within Seller’s possession or reasonable control: 

(a) Financial Information. Copy of operating statements (detailing income and expenses) and a summary of capital
expenditures, pertaining to the Property for the period between January, 2008 to May, 2010, each of which to be certified by Seller to be true, complete and correct in all material respects (the “Operating Statements”).

 (b) Budgets. The most recent (2009 and 2010) capital and operating budgets pertaining to the Property and a
complete and itemized list of all repairs or improvements to the Property, if any, performed during the last three years. 
 (c)
Engineering and Environmental Reports. Copy of any engineering and technical reports (including structural, plumbing, electrical or mechanical studies), environmental reports and site assessments that are related to the Property and
that are in the possession or control of Seller or its agents. 
 (d) As-Built Plans. As-built plans with respect
to the Improvements in the possession or control of Seller or its agents. 
 (e) Certificates of Occupancy. Copies
of all certificates of occupancy (and any other similar permits) issued by any governmental authority with respect to the Property. 

(f) Tax Statements. Copy of ad valorem tax statements relating to the Property for the current tax period and the
immediately preceding tax period. 
 (g) Title and Survey. Copy of Seller’s most current title insurance
information and survey (including any topographical information) of the Property, including all agreements, restrictive covenants, easements, permits, licenses, contracts, ground leases or agreements governing parking. 

(h) Underground Improvements. A list of all underground improvements at the Property known to Seller, including treatment
or storage tanks, sumps, or water, gas or oil wells. 
 (i) Service Contracts. A list, together with copies, of
service, supply, equipment rental, and other service contracts related to the operation of the Property (“Service Contracts”). 
  

 5 

 (j) Personal Property. A list of Tangible Personal Property showing the
description, quantity and location of each item, together with a list of all personal property attached to, located upon or used in connection with the Property which will remain at the Property after Closing and which is not owned by Seller but
which Seller has the right to use under lease, rental or other agreements (the “Equipment Leases“), accompanied by true and legible copies of such Equipment Leases. 

(k) Defects. A list of material defects or malfunctions affecting any of the Property and of which Seller has actual
knowledge, including material defects or malfunctions with respect to foundations, walls, roofs, heating, electrical, plumbing or air conditioning equipment or systems, and drainage or sewage equipment or systems. 

(l) Leasing Commissions. Copies of all commission, brokerage or similar agreements that relate to any leases and a list of
contingent leasing commissions with respect to any leases of the Property, including all leasing commissions payable with respect to any options to renew or expand any existing lease that has not yet been exercised by the tenant thereunder prior to
the Effective Date. 
 (m) Intangible Personal Property. Copies, or documents evidencing the nature and existence,
of the Intangible Personal Property items referenced in Section 2.1(c)(2)through Section 2.1(c)(7). 
 (n) Other
Information. Any other information reasonably requested by Purchaser. 
 Section 4.2 Due Diligence Materials
To Be Made Available. To the extent such items are in Seller’s or its agents’ possession or reasonable control, Seller shall make available to Purchaser for Purchaser’s review, at Seller’s option at either the offices of
Seller or Seller’s property manager or at the Property, the following items and information (the “Additional Property Information“) from the Effective Date until the Closing Date, and Purchaser at its expense shall have
the right to make copies of same: 
 (a) Maintenance Records and Warranties. Maintenance work orders for the 24
months preceding the Effective Date and warranties, if any, on roofs, air conditioning units, fixtures and equipment. 
 (b)
Plans and Specifications. Building plans and specifications relating to the Property. 
 (c) Licenses,
Permits and Certificates of Occupancy. Licenses, permits and certificates of occupancy relating to the Property. 
 (d)
Books and Records. All books and records that relate to the ownership, use, operation, leasing, maintenance, and operation of the Property. 

Section 4.3 Physical Due Diligence. Commencing on the Effective Date and continuing until the Closing, Purchaser and
its agents and representatives shall have reasonable access to the Property at all reasonable times during normal business hours, and upon at least two Business Days’ prior written notice to Seller, for the purpose of conducting noninvasive
inspections and tests, including surveys and architectural, engineering, geotechnical and environmental inspections and tests. Seller and its agents and representatives shall cooperate with Purchaser and its agents and representatives in supplying
such historical and operational information as may be reasonably requested by such persons, including notices, permits, or other written communications pertaining to the environmental or physical condition of the Property, to the extent within
Seller’s possession or reasonable control. Seller hereby authorizes Purchaser and its agents and representatives to enter upon the Property for the purpose of conducting the above inspections and tests. Notwithstanding the foregoing, however,
Purchaser may not conduct invasive testing or sampling without Seller’s prior written consent (not to be unreasonably withheld, conditioned or delayed) and evidence satisfactory to Seller of such insurance as Seller may reasonably request in
connection therewith. 
 Section 4.4 Due Diligence/Termination Right. Purchaser shall have through the last
day of the Inspection Period in which to examine, inspect, and investigate the Property Information and the Additional Property Information (collectively, the “Property Documents”) and the Property and, in Purchaser’s
sole and 
  

 6 

 
absolute judgment and discretion, determine whether the Property is acceptable to Purchaser. If the Property Information is not delivered on or before the Information Delivery Date, the
Inspection Period will commence on the date all Property Information is delivered to Purchaser. Purchaser may terminate this Agreement for any reason or no reason at all by sending written notice thereof to Seller on or before the last day of the
Inspection Period. In addition, Purchaser shall be deemed to terminate this Agreement for any reason or no reason unless Purchaser delivers to Seller written notice of Purchaser’s election not to terminate this Agreement (the “Due
Diligence Acceptance Notice”) on or before the last day of the Inspection Period. This Agreement shall continue in full force and effect, and Purchaser shall be deemed to have waived its right to terminate this Agreement pursuant to
this Section 4.4 only if Purchaser timely delivers a Due Diligence Acceptance Notice to Seller. 
 Section 4.5
Service Contracts, Equipment Leases and Policies. No later than five Business Days prior to the Closing Date, Purchaser will advise Seller in writing of which Service Contracts, Equipment Leases, and Policies it will assume and for which
Service Contracts and Equipment Leases Purchaser requests that Seller deliver written termination at or prior to Closing; provided, however, that Purchaser will not assume any management or leasing agreement. Seller shall deliver at Closing notices
of termination of all Service Contracts and Equipment Leases that are not so assumed. 
 Section 4.6 Purchaser’s
Responsibilities. In conducting any inspections, investigations or tests of the Property and/or Property Documents, Purchaser and its agents and representatives shall: (a) not unreasonably disturb Seller or its tenant(s), or
unreasonably interfere with their use of the Property; (b) not unreasonably interfere with the operation and maintenance of the Property; (c) not damage any part of the Property or any personal property owned or held by any third party;
(d) not injure or otherwise cause bodily harm to Seller or its agents, guests, invitees, contractors and employees; (e) comply with all applicable laws; (f) promptly pay when due the costs of all tests, investigations, and
examinations done with regard to the Property; (g) not permit any liens to attach to the Real Property by reason of the exercise of its rights hereunder; and (h) promptly repair any damage to the Real Property resulting directly from any
such inspection or tests. Purchaser’s obligations under this Section 4.6 shall survive the termination of this Agreement. 

Section 4.7 Purchaser’s Agreement to Indemnify. Purchaser indemnifies and holds Seller harmless from and against
any and all liens, claims, causes of action, damages, liabilities and expenses (including reasonable attorneys’ fees) arising out of Purchaser’s inspections or tests permitted under this Agreement or any violation of the provisions of
Section 4.3 and Section 4.6; provided, however, the indemnity shall not extend to (a) protect Seller from any pre-existing liabilities for matters merely discovered by Purchaser (i.e., latent environmental contamination) or
(b) any liens, claims, causes of action, damages, liabilities or expenses that are attributable to the action or inaction of Seller or its agent or employees. Purchaser’s obligations under this Section 4.7 shall survive the
termination of this Agreement and shall survive the Closing. 
 ARTICLE 5. 

TITLE AND SURVEY 

Section 5.1 Title Commitment. On or before the Title Commitment Delivery Date, Seller shall cause to be prepared and
delivered to Purchaser: (a) a current commitment for title insurance or preliminary title report (the “Title Commitment”) issued by the Title Company, in the amount of the Purchase Price and on an ALTA 2006 Standard Form
commitment, with Purchaser as the proposed insured, and (b) true, complete and legible copies of all documents of record referred to in the Title Commitment as exceptions to title to the Property. 

Section 5.2 Survey. On or before the Survey Delivery Date, Seller shall cause to be delivered to Purchaser
Seller’s existing survey of the Property, if any. Purchaser may, but shall not be obligated to, thereafter cause to be prepared, at Purchaser’s sole cost and expense, a survey of the Property (the “Survey”) prepared
and certified as to all matters shown thereon by a surveyor licensed in the state where the Land is located and otherwise acceptable to Purchaser, which Survey reasonably satisfies the survey requirements set forth on Exhibit F attached
hereto. For purposes of the property description to be included in the special warranty deed to be delivered to Purchaser at Closing as described in Section 7.3(a) hereof, the field notes prepared by the surveyor shall control any conflicts or
inconsistencies with the description set forth on Exhibit A attached hereto and such field notes shall be incorporated herein by this reference upon their completion and approval by Purchaser. 

 

 7 

 Section 5.3 Title Review. At any time during the Title and Survey Review
Period, Purchaser may object in writing to any liens, encumbrances, and other matters reflected by the Title Commitment or Survey. All such matters to which Purchaser so objects shall be “Non-Permitted Exceptions”; if no such
objection notice is given during the Title and Survey Review Period, except as otherwise provided below, all matters reflected by the Survey and Title Commitment shall be “Permitted Exceptions”. If, between the end of the
Title and Survey Review Period and Closing, Purchaser receives notice of additional liens, encumbrances or other matters not reflected in the initial Title Commitment or Survey or otherwise becomes aware of such matters, Purchaser may submit a
revised list adding additional Non-Permitted Exceptions. Seller may, but shall not be obligated to, at its sole cost and expense, cure, remove or insure around all Non-Permitted Exceptions and give Purchaser written notice thereof within five
Business Days after the Title and Survey Review Period expires or, if applicable, after delivery of any revised list; provided, however, Seller, at its sole cost and expense, shall be obligated to cure, remove or insure around by Closing all
mortgages, deeds of trust, judgment liens, mechanic’s and materialmen’s liens, and other monetary liens against the Property (other than liens for taxes and assessments which are not delinquent) which either secure indebtedness or can be
removed by payment of a liquidated sum of money, whether or not Purchaser objects thereto during the Inspection Period, and all such matters shall be deemed Non-Permitted Exceptions. If Seller does not timely cause all of the Non-Permitted
Exceptions to be removed, cured or otherwise omitted from Purchaser’s Title Commitment and timely deliver written notice thereof to Purchaser, Purchaser may, at any time and at its election, (a) terminate this Agreement and recover the
Earnest Money and the Pursuit Costs by providing written notice of termination to Seller, and neither Purchaser nor Seller shall have any obligations under this Agreement except those that expressly survive the termination of this Agreement,
(b) extend the Closing Date one or more times until three Business Days after Seller has caused all of the Non-Permitted Exceptions to be removed, cured or otherwise omitted from Purchaser’s Title Commitment (but in no event shall Closing
be extended by more than ten days), or (c) purchase the Property subject to the Non-Permitted Exceptions (other than liens that Seller is obligated to cure, remove or insure around), in which event the Non-Permitted Exceptions (other than liens
that Seller is obligated to cure, remove or insure around) subject to which Purchaser elects to purchase the Property shall thereafter be Permitted Exceptions. 

Section 5.4 Delivery of Title Policy at Closing. In the event that the Title Company does not issue at Closing, or
unconditionally commit at Closing to issue, to Purchaser, an extended coverage owner’s title policy in accordance with the Title Commitment, insuring Purchaser’s title to the Property in the amount of the Purchase Price, subject only to
the standard exceptions and exclusions from coverage contained in such policy and the Permitted Exceptions (the “Title Policy”), Purchaser shall have the right to terminate this Agreement and, unless such failure is due to an
act or omission beyond Seller’s reasonable control, recover the Pursuit Costs, in which case the Earnest Money shall be immediately returned to Purchaser and the parties hereto shall have no further rights or obligations, other than those that
by their terms survive the termination of this Agreement. 
 ARTICLE 6. 

OPERATIONS AND RISK OF LOSS 

Section 6.1 Ongoing Operations. From the Effective Date through Closing: 

(a) Service Contracts. Seller will perform its obligations under the Service Contracts in a good and businesslike manner in
accordance with good and prudent business practices. Except as provided in this Section 6.1, Seller will not amend, terminate, or waive any right under any Service Contract if such action could have a material adverse effect on the ownership,
use, leasing, maintenance, management, or operation of the Property or otherwise cause a violation of, or conflict with, the terms of this Agreement. 

(b) New Contracts. Except as provided in Section 6.1(d), Seller will not enter into any contract that could be an
obligation affecting the Property subsequent to the Closing, unless (1) Seller obtains Purchaser’s prior written approval (which approval may be withheld in Purchaser’s sole and absolute discretion) or (2) such contract is of the
type that is entered into in the ordinary course of business and is terminable without cause and without the payment of any termination penalty on not more than 30 days’ prior notice. 

(c) Maintenance of Improvements; Removal of Personal Property; Sale of Property; Encumbrance of Property. Subject to
Section 6.2 and Section 6.3, Seller shall maintain all Improvements substantially in their present condition (ordinary wear and tear excepted) and in a manner consistent with Seller’s

  

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maintenance of the Improvements during Seller’s period of ownership. Seller will not remove any Tangible Personal Property except as may be required for necessary repair or replacement, and
replacement shall be of approximately equal quality and quantity as the removed item of Tangible Personal Property. Seller will not, without the prior written consent of Purchaser (which consent may be withheld in Purchaser’s sole and absolute
discretion), sell or permit to be sold or otherwise dispose of any item constituting a material portion of the Property. Seller will not further encumber or permit encumbrance of the Property in any manner. 

(d) Leasing. Except for the Lease Back Agreement (defined below), Seller will not enter into any new Lease without
(1) providing Purchaser all relevant supporting documentation, as reasonably determined by Purchaser, including tenant financial information to the extent in Seller’s possession, (2) delivering to Purchaser a written request for
Purchaser’s approval of such new Lease, and (3) obtaining such approval from Purchaser. Purchaser agrees to give Seller written notice of approval or disapproval of a proposed new Lease within five Business Days after Purchaser’s
receipt of the items in Section 6.1(d)(1) and Section 6.1(d)(2). If Purchaser does not respond to Seller’s request within such time period, then Purchaser will be deemed to have disapproved such new Lease. Purchaser’s approval
rights and obligations will vary depending on when the request for approval from Seller is delivered to Purchaser, as follows: 

(A) With respect to a request for approval delivered by Seller to Purchaser following the Effective Date but on or prior to the second
Business Day prior to the expiration of the Inspection Period, Purchaser may not unreasonably withhold or delay its approval. 

(B) With respect to a request for approval delivered by Seller to Purchaser after the second Business Day prior to the expiration of the
Inspection Period, Purchaser may withhold its approval at its sole and absolute discretion. 
 (e) Management;
Insurance. Seller shall manage (or cause to be managed) the Property in accordance with all applicable Legal Requirements (defined below) and under policies substantially similar to those existing prior to the Effective Date, shall cause to
be paid all trade accounts and costs and expenses of owning, operating, managing, and maintaining the Property that are incurred or attributable to the period prior to the Closing, and shall continue to offer services and amenities in accordance
with past practices. 
 (f) Notice of Adverse Change. Seller will promptly notify Purchaser in writing of any
material adverse change in the financial position, assets or earnings of Seller or the Property. 
 (g) No Modification of
Zoning/Development. Seller shall not apply for or consent to any change or modification with respect to the zoning, development or use of any portion of the Property without Purchaser’s prior written consent, which consent may be
withheld in Purchaser’s sole and absolute discretion. 
 (h) No New Encumbrances. Seller shall not, without
the prior written consent of Purchaser (which consent may be withheld in Purchaser’s sole and absolute discretion), grant, permit or otherwise create or consent to the creation of any easement, subdivision plat, restriction, restrictive
covenant, lien, assessment, or encumbrance affecting any portion of the Property. 
 Section 6.2 Damage. If
prior to Closing the Property is damaged by fire or other casualty, Seller shall immediately give Purchaser written notice thereof (including a reasonably detailed description of the damage to the Property, and Seller shall estimate the cost to
repair and the time required to complete repairs and will provide Purchaser written notice of Seller’s estimation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty. 

(a) Material. In the event of any Material Damage to or destruction of the Property or any portion thereof prior to
Closing, Purchaser may, at its option, terminate this Agreement by delivering written notice thereof to Seller on or before the expiration of 15 days after the date Seller delivers the Casualty Notice to Purchaser (and if necessary, the Closing Date
shall be extended to give the parties the full thirty-day period to make such election and to obtain insurance settlement agreements with Seller’s insurers). Upon any such termination, the Earnest Money shall be returned to Purchaser and the
parties hereto shall have no further rights or obligations 
  

 9 

 
hereunder, other than those that by their terms survive the termination of this Agreement. If Purchaser does not so terminate this Agreement within said 15-day period, then the parties shall
proceed under this Agreement and close on schedule (subject to extension of Closing as provided above), and as of Closing (1) Seller shall assign to Purchaser, without representation or warranty by or recourse against Seller, all of
Seller’s rights in and to any resulting insurance proceeds (including any rent loss insurance applicable to any period on and after the Closing Date) due Seller as a result of such damage or destruction, (2) Purchaser shall assume full
responsibility for all needed repairs, and (3) Purchaser shall receive a credit at Closing for any deductible amount under any insurance policy covering the Property as well as any uninsured or underinsured loss. For the purposes of this
Agreement, “Material Damage” and “Materially Damaged” means damage which (A) in Purchaser’s reasonable estimation, exceeds $100,000.00 to repair or could take longer than 45 days to repair,
(B) could cause any portion of the Property to fail to comply with any Legal Requirement, or (C) could change or decrease any access to the Property. 

(b) Not Material. If the Property is not Materially Damaged, then Purchaser shall not have the right to terminate this
Agreement under Section 6.2(a), Seller shall credit Purchaser at Closing for the reasonable cost to complete the repair, Seller shall retain all insurance proceeds relating to such casualty, and Purchaser shall assume full responsibility for
all needed repairs. 
 Section 6.3 Condemnation. If proceedings in eminent domain are instituted with respect
to the Property or any portion thereof, Seller shall immediately give Purchaser written notice thereof (including a reasonably detailed description of the portion of the Property affected thereby), and Purchaser may, at its option, by written notice
to Seller given within 15 days after Seller notifies Purchaser of such proceedings (and if necessary the Closing Date shall be automatically extended to give Purchaser the full 15-day period to make such election), either: (a) terminate this
Agreement, in which case the Earnest Money shall be immediately returned to Purchaser and the parties hereto shall have no further rights or obligations, other than those that by their terms survive the termination of this Agreement, or
(b) proceed under this Agreement, in which event Seller shall, at the Closing, assign to Purchaser its entire right, title and interest in and to any condemnation award, and Purchaser shall have the sole right after the Closing to negotiate and
otherwise deal with the condemning authority in respect of such matter. If Purchaser does not give Seller written notice of its election within the time required above, then Purchaser shall be deemed to have elected option (b) above.

 Section 6.4 Insurance Policies. Seller shall, at its sole cost and expense, keep and maintain in full
force and effect through the Closing, Seller’s existing insurance coverage with respect to the Property. To the extent required under Section 6.2, any proceeds from such coverage shall be held in a segregated account and used for the
repair or replacement of the Property damaged or destroyed in a manner approved by Purchaser (such approval not to be unreasonably withheld, conditioned or delayed), and any funds not so expended shall be delivered to Purchaser at Closing.

 Section 6.5 Compliance with Legal Requirements. Seller shall take any action as may be necessary to comply
promptly with any and all Legal Requirements. Notwithstanding the foregoing, Seller shall not take any action under this Section 6.5 so long as Seller has been informed that Purchaser is contesting, or has affirmed its intention to contest, any
such Legal Requirement. Seller shall promptly, and in no event later than three Business Days after the time of their receipt, notify Purchaser of all such orders, notices, and requirements and any other notices, summons, or similar documents
alleging liability or responsibility of Seller or any subsequent owner of the Property. 
 Section 6.6 Lease Back
Agreement. Prior to Closing, Purchaser and Seller shall sign a lease back agreement, to be held in escrow until the Closing occurs, in which Purchaser leases the Property back to the Seller for a term to expire no later than August 31,
2010 (the “Lease Back Agreement”). The exact terms of the Lease Back Agreement will be agreed in good-faith by Purchaser and Seller during the Inspection Period, but shall be consistent with the terms contained in Exhibit
G attached hereto and made a part hereof. The date on which the Lease Back Agreement expires or earlier terminates is referred to herein as the “Lease Back Termination Date”. 

 

 10 

 ARTICLE 7. 

CLOSING 

Section 7.1 Closing. The consummation of the transaction contemplated herein (“Closing“) shall
commence at 10:00 a.m. (local time of the city in which the Property is located) on the Closing Date at the offices of Escrow Agent (or such other location as may be mutually agreed upon by Seller and Purchaser). Funds shall be deposited into and
held by Escrow Agent in a closing escrow account with a bank satisfactory to Purchaser. Upon satisfaction or completion of all closing conditions and deliveries, the parties shall direct Escrow Agent to immediately record and deliver the closing
documents to the appropriate parties and make disbursements according to the closing statements executed by Seller and Purchaser. 

Section 7.2 Conditions to Purchaser’s Obligation to Close. In addition to all other conditions set forth herein,
the obligation of Purchaser to consummate the transactions contemplated hereunder is conditioned upon the following: 
 (a)
Representations and Warranties. Seller’s representations and warranties contained herein shall be true and correct in all material respects as of the Effective Date and the Closing Date. 

(b) Deliveries. No later than one Business Day prior to the Closing Date (or such earlier date as provided herein), Seller
shall have tendered all deliveries to be made at Closing. 
 (c) Actions, Suits, etc. As of the Closing Date,
there shall exist no pending or threatened actions, suits, arbitrations, claims, attachments, proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other proceedings that could adversely affect the
operation or value of the Property or Seller’s ability to perform its obligations under this Agreement. 
 (d)
Obligations Performed. As of the Closing Date, Seller shall have performed all of its material obligations under this Agreement. 

(e) No Material Adverse Change. As of the Closing, there shall have been no material adverse change in any of the Property
Information. 
 If any condition listed in this Section 7.2 is not satisfied on or before the applicable time period stated in this
Section 7.2, then Purchaser may, at its election, (1) extend the Closing Date until three Business Days after such condition is satisfied (but in no event shall Closing be extended by more than ten days), or (2) terminate this
Agreement and recover the Earnest Money and the Pursuit Costs (subject to the condition set forth below) by delivering written notice thereof to Seller, in which case, neither Seller nor Purchaser shall have any obligations hereunder except those
that expressly survive the termination of this Agreement. Purchaser may recover Pursuit Costs from Seller under this Section 7.2 only if the non-occurrence of a Closing condition is caused by an act or omission within Seller’s control.

 Section 7.3 Seller’s Deliveries in Escrow. No later than one Business Day prior to the Closing Date,
Seller, at its sole cost and expense, shall deliver in escrow to Escrow Agent the following: 
 (a) Deed. A
special warranty deed in the form of Exhibit B hereto (the “Deed“) acceptable for recordation under the law of the state where the Property is located, including a list of Permitted Exceptions to which the conveyance
shall be subject, executed and acknowledged by Seller, conveying to Purchaser Seller’s interest in the Real Property. 

(b) Bill of Sale, Assignment and Assumption. A Bill of Sale, Assignment and Assumption in the form of Exhibit C
hereto (the “Assignment“), executed and acknowledged by Seller, assigning, conveying and transferring to and vesting in Purchaser all of the Property (other than the Land and Improvements) free of any claims, except for the
Permitted Exceptions to the extent applicable. 
  

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 (c) Title Affidavit. A title affidavit in form and substance required for the
Title Company to issue the Title Policy as requested by Purchaser. 
 (d) Conveyancing or Transfer Tax Forms or
Returns. Such conveyancing or transfer tax forms or returns, if any, as are required to be delivered or signed by Seller by applicable state and local law in connection with the conveyance of the Real Property. 

(e) FIRPTA. A Foreign Investment in Real Property Tax Act affidavit in the form of Exhibit D hereto and executed by
Seller. 
 (f) Lease Back Agreement. A Lease Back Agreement as set forth in Section 6.6 hereof, executed by
Seller, as tenant, therein leasing the Property from Purchaser. 
 (g) Authority. Evidence of the existence,
organization and authority of Seller and of the authority of the persons executing documents on behalf of Seller reasonably satisfactory to the Title Company and the underwriter for the Title Policy. 

(h) Keys. All keys to the Property. 

(i) Confirmation of Terminations. Evidence reasonably satisfactory to Purchaser of Seller’s termination of all
existing management and leasing agreements with respect to the Property and payment in full (and release of Purchaser from) all termination fees or other amounts due to the terminated party in question, including all leasing commissions owing and
any accounts payable. 
 (j) Additional Documents. Any additional documents that Escrow Agent or the Title Company
may reasonably require for the proper consummation of the transaction contemplated by this Agreement (provided, however, no such additional document shall expand any obligation, covenant, representation or warranty of Seller or result in any new or
additional obligation, covenant, representation or warranty of Seller under this Agreement beyond those expressly set forth in this Agreement). 

If Seller fails to deliver the above items in the time period contemplated by this Section 7.3, Purchaser may, at its election
(1) extend the Closing Date until one Business Day after Seller delivers the above items (provided that Closing may not be extended by more than ten days), or (2) terminate this Agreement and recover the Earnest Money and the Pursuit Costs
by delivering written notice thereof to Seller, in which case neither Seller nor Purchaser shall have any obligations hereunder except those that expressly survive the termination of this Agreement. 

Section 7.4 Purchaser’s Deliveries in Escrow. No later than one Business Day prior to the Closing Date, Purchaser
shall deliver in escrow to Escrow Agent the following: 
 (a) Bill of Sale, Assignment and Assumption. The
Assignment, executed and acknowledged by Purchaser. 
 (b) Conveyancing or Transfer Tax Forms or Returns. Such
conveyancing or transfer tax forms or returns, if any, as are required to be delivered or signed by Purchaser by applicable state and local law in connection with the conveyance of Real Property. 

(c) Lease Back Agreement. The Lease Back Agreement, executed by Purchaser, as landlord. 

(d) Additional Documents. Any additional documents that Seller, Escrow Agent or the Title Company may reasonably require
for the proper consummation of the transaction contemplated by this Agreement (provided, however, no such additional document shall expand any obligation, covenant, representation or warranty of Purchaser or result in any new or additional
obligation, covenant, representation or warranty of Purchaser under this Agreement beyond those expressly set forth in this Agreement). 
  

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 Section 7.5 Closing Statements. No later than 8:00 a.m. (local time of
the city in which the Real Property is located) on the Closing Date, Seller and Purchaser shall deposit with Escrow Agent executed closing statements consistent with this Agreement in the form required by Escrow Agent. 

Section 7.6 Purchase Price. At or before 2:00 p.m. (local time of the city in which the Real Property is located) on
the Closing Date, Purchaser shall deliver to Escrow Agent the Purchase Price, less the Earnest Money that is applied to the Purchase Price, plus or minus applicable prorations, in immediate, same-day U.S. federal funds wired for credit into Escrow
Agent’s escrow account, which funds must be delivered in a manner to permit Escrow Agent to deliver good funds to Seller or its designee on the Closing Date (and, if requested by Seller, by wire transfer). 

Section 7.7 Possession. Seller shall deliver possession of the Property to Purchaser at the Closing subject only to
the Permitted Exceptions and the Lease Back Agreement and with all parts of the Property in the same condition as on the date hereof, excepting only normal wear and tear and any applicable changes allowed by Article 6 hereof. 

Section 7.8 Delivery of Books and Records. After the Closing, Seller shall deliver to the offices of Purchaser’s
property manager or to the Real Property to the extent in Seller’s or its property manager’s possession or reasonable control: Maintenance records and warranties; plans and specifications; licenses, permits and certificates of occupancy;
copies or originals of all books and records of account, contracts, and copies of correspondence with suppliers; unpaid bills and other papers or documents which pertain to the Property; all advertising materials; booklets; keys; and other items, if
any, used in the operation of the Property. 
 Section 7.9 Delivery and Review of Seller’s Deliveries.
Prior to the Closing, Purchaser shall deliver to Seller drafts of the documents listed in Section 7.3(a), Section 7.3(b), Section 7.3(e), Section 7.3(g), and Section 7.3(f) (collectively, the “Conveyance
Documents“), together with redlined copies of the Conveyance Documents marked to indicate the changes made to the applicable exhibits attached hereto. Within five days thereafter, Seller shall deliver to Purchaser any reasonable
comments to the Conveyance Documents, and Purchaser shall modify the Conveyance Documents according to such comments within three days after Purchaser receives Seller’s comments. If Seller does not timely deliver any comments to any Conveyance
Document, then Seller shall be deemed to have approved the form and content of such Conveyance Document. Once the Conveyance Documents are approved (or deemed approved) by the parties, the parties shall execute, notarized (where applicable), and
deliver the Conveyance Documents as otherwise provided in this Agreement. 
 ARTICLE 8. 

PRORATIONS, COMMISSIONS 

Section 8.1 Prorations. At Closing, the following items shall be prorated (based upon the actual number of days in the
month of Closing) as of the date of Closing with all items of income and expense for the Property being borne by Purchaser from and after (but including) the date of Closing: Fees and assessments; prepaid expenses and obligations under Service
Contracts; accrued operating expenses; real and personal ad valorem taxes (“Taxes“); and any assessments by private covenant for the then-current calendar year of Closing. Specifically, the following shall apply to such
prorations: 
 (a) Taxes. If Taxes for the year of Closing are not known or cannot be reasonably estimated, Taxes
shall be prorated based on Taxes for the year prior to Closing, and when actual figures are available, an adjustment will be made after Closing pursuant to Section 8.4. 

(b) Utilities. Purchaser shall take all steps necessary to effectuate the transfer of all utilities to its name as of the
Closing Date. Seller shall ensure that all utility meters are read as of the Closing Date. 
 (c) Rent. Purchaser
shall receive a credit for the first month’s rent of the Lease Back Agreement and Seller shall be charged for the first month’s rent of the Lease Back Agreement. 
  

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 Section 8.2 Leasing Costs. Seller agrees to pay or discharge at or prior
to closing all leasing commissions, costs for tenant improvements, legal fees and other costs and expenses that are due on or before Closing with respect to any leases in force as of or prior to the Effective Date. 

Section 8.3 Closing Costs. Closing costs shall be allocated between Seller and Purchaser in accordance with
Section 1.2. 
 Section 8.4 Adjustment After Closing. If final bills are not available or cannot be
issued prior to Closing for any item being prorated under Section 8.1, then Purchaser and Seller agree to allocate such items on a fair and equitable basis as soon as such bills are available, and an adjustment shall be made as soon as
reasonably possible after the Closing. In addition, if any tenant performs an audit after the Closing, then the parties shall adjust the prorations made under this Agreement in accordance with the results of such audit, which adjustment shall be
made within 15 days after the parties receive the results of such audit. Payments in connection with any adjustment shall be due within 30 days of written notice. All such rights and obligations shall survive the Closing. 

Section 8.5 Commissions. Seller shall be responsible to Broker for a real estate sales commission at Closing (but only
in the event of a Closing in strict accordance with this Agreement) in accordance with a separate agreement between Seller and Broker. Broker may share its commission with any other licensed broker involved in this transaction, but the payment of
the commission by Seller to Broker shall fully satisfy any obligations of Seller to pay a commission hereunder. Under no circumstances shall Seller owe a commission or other compensation directly to any other broker, agent or person. Other than as
stated above in this Section 8.5, Seller and Purchaser each represent and warrant to the other that no real estate brokerage commission is payable to any person or entity in connection with the transaction contemplated hereby, and each agrees
to and does hereby indemnify and hold the other harmless against the payment of any commission to any other person or entity claiming by, through or under the indemnifying party (provided that Purchaser’s obligations shall not extend to any
commission claimed by either Broker). This indemnification shall extend to any and all claims, liabilities, costs and expenses (including reasonable attorneys’ fees and litigation costs) arising as a result of such claims and shall survive the
Closing. 
 Section 8.6 Indemnifications. Seller shall pay all costs and liabilities relating to the Property
that arise out of or are attributable to the period prior to the Closing Date, and shall indemnify, defend and hold harmless Purchaser from such costs and liabilities and from all reasonable attorneys’ fees expended by Purchaser in connection
therewith. Purchaser shall pay all costs and liabilities relating to the Property that arise out of or are attributable to the period from and after the Closing Date, except such costs and liabilities that arise out of or result from a breach by
Seller of its representations and warranties set forth in Section 9.1, and Purchaser shall indemnify, defend and hold harmless Seller from such costs and liabilities and from all reasonable attorneys’ fees expended by Seller in connection
therewith. This Section 8.6 shall survive the Closing. 
 ARTICLE 9. 

REPRESENTATIONS AND WARRANTIES 

Section 9.1 Seller’s Representations and Warranties. Seller represents and warrants to Purchaser that:

 (a) Organization and Authority. Seller is a Delaware corporation, has been duly organized, is validly existing,
is in good standing in the state in which it was formed, and is qualified to do business in the state in which the Real Property is located. Seller has the full right, power and authority and has obtained any and all consents required to enter into
this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing (collectively, the “Closing
Documents“) will be, authorized and duly executed and delivered by Seller and constitute, or will constitute, as appropriate, the legal, valid and binding obligation of Seller, enforceable in accordance with their terms. 

(b) Conflicts and Pending Actions. There is no agreement to which Seller is a party or that is binding on Seller which is
in conflict with this Agreement. There is no action or proceeding pending or, to Seller’s Knowledge, threatened against Seller or relating to the Property, which challenges or impairs Seller’s ability to execute or perform its obligations
under this Agreement or against or with respect to the Property. Seller has not 
  

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committed or obligated itself in any manner whatsoever to sell, lease or encumber the Property or any interest therein to any other party in any manner that would create a conflict with
Seller’s obligations hereunder. No rights of first offer or rights of first refusal regarding the Property exist under the organizational documents of Seller or under any agreement by which Seller or the Property is or may be bound or affected.

 (c) Due Authority. Seller has all requisite power and authority to own and operate the Property in accordance
with its current operations, to execute and deliver this Agreement, and to carry out its obligations hereunder and the transactions contemplated hereby. The consummation by Seller of the sale of the Property is not in violation of, or in conflict
with, nor does it constitute a default under, any term or provision of the organizational documents of Seller, or any of the terms of any agreement or instrument to which Seller is or may be bound, or of any applicable Legal Requirement or of any
provision of any applicable order, judgment or decree of any court, arbitrator or governmental authority. 
 (d)
Tenants/Leases. Other than matters of record or included in the Property Information, there are no leases, tenancies, options, or rights of first refusal in effect relating to the Property. 

(e) Service Contracts. To Seller’s Knowledge, the list of Service Contracts to be delivered to Purchaser pursuant to
this Agreement will be correct and complete as of the date of its delivery. 
 (f) Notices. Seller is has not
received any notices from any insurance companies, governmental agencies or authorities or from any other parties (1) of any conditions, defects or inadequacies with respect to the Property (including health hazards or dangers, nuisance or
waste), which, if not corrected, would result in termination of insurance coverage or increase its costs therefor, (2) with respect to any violation of any applicable zoning, building, health, environmental, traffic, flood control, fire safety,
handicap or other law, code, ordinance, rule or regulation (collectively, the “Legal Requirements“), (3) of any pending or threatened condemnation proceeding with respect to the Property, or (4) of any proceedings
which could cause the change, redefinition or other modification of the zoning classification of the Property. Seller shall immediately notify Purchaser of any violations or conditions of which Seller receives notice (whether written or oral).

 (g) Information and Documents. To the best of Seller’s Knowledge, the Property Information, including the
Operating Statements, and all other documents delivered by Seller to Purchaser pursuant to this Agreement, is and shall be true and complete in all material respects and the information contained therein is and shall be true and complete in all
material respects; provided that Seller makes no representations or warranties regarding the truth, accuracy or completeness of any Property Information that Purchaser obtains from or acquires through a third party. 

(h) Future Improvements. To Seller’s Knowledge, Seller has no obligation to any tenant, governmental or
quasi-governmental entities or any other person or entity which commitment relates to the Property and would survive Closing and be a binding obligation of the Purchaser thereafter, in each case to pay or contribute property or money or to
construct, install or maintain any improvements on or off the Property (except as may be disclosed in (1) a document of public record or (2) the information provided by Seller to Purchaser prior to the expiration of the Inspection Period).

 (i) Ownership of Personal Property. Seller is the owner of all Tangible Personal Property and Intangible
Personal Property transferred to Purchaser in accordance with this Agreement, free and clear of all liens, claims, or encumbrances except liens and security interests that will be released at or before Closing. 

(j) Payment of Bills. Subject to Section 8.4 above, all bills and other payments due with respect to the ownership,
operation, leasing, and maintenance of the Property have been paid or will be paid prior to Closing in the ordinary course of business. 

(k) Environmental Reports. Attached hereto as Exhibit E is a true, correct and complete list of all environmental
reports in Seller’s possession that relate to the Property. To Seller’s Knowledge, except as may be provided in any such report, the Property has not been the site of any activity that would violate any past or present environmental law or
regulation of any governmental body or agency having jurisdiction over the Property. 
  

 15 

 
Specifically, but without limitation, to Seller’s knowledge (1) solid waste, petroleum, or petroleum products have not been handled or stored on the Property such that they may have
leaked or spilled in material quantities onto the Property or contaminated the Property, (2) there is no on-site contamination resulting from activities on the Property or adjacent tracts, and (3) the Property contains no “hazardous
materials” which shall mean any petroleum products, flammables, explosives, radioactive materials, asbestos, radon, or other hazardous waste including substances defined as “hazardous substances”, “hazardous materials”, or
“toxic substances” in the Comprehensive Environmental Response, Compensation and Liability Act of 1980, the Hazardous Materials Transportation Act, and the Resources Conversation and Recovery Act, and any other material or substance whose
use, storage, handling or disposal is regulated by any law or regulation. To Seller’s Knowledge, except as may be disclosed in the Property Information or on a report listed in Exhibit E, there are no storage tanks located on the
Property (either above or below ground), and the Property has not been used as a landfill or site for disposal of garbage or refuse. 

(l) Mold. To Seller’s Knowledge, no fact or condition exists regarding the presence of, testing for, or remediation
of, mildew, mold or mold spores on the Property. 
 (m) Access. To Seller’s Knowledge, there is no fact or
condition existing which would result or could result in the termination or reduction of the current access from the Property to the existing highways and roads that provide access to the Property, or of any reduction in or to sewer or other utility
services presently serving the Property. 
 (n) No Foreign Person. Seller is neither a “foreign person”
nor a “foreign corporation” as those terms are defined in Section 1445 of the Internal Revenue Code of 1986, as amended. 

(o) Governmental Approvals. To Seller’s Knowledge, the Property is now in full compliance with all Legal Requirements.
To Seller’s Knowledge, there are no petitions, actions, hearings, planned or contemplated, relating to or affecting the zoning or use of the Property. To Seller’s Knowledge, Seller does not lack any license, permit or authorization
necessary to own and operate the Property in accordance with its current operations. Seller hereby agrees to pay all reasonable costs of obtaining any such licenses, permits or authorizations if such licenses, permits or authorizations are required
by applicable Legal Requirements on the date hereof to own and operate the Property in accordance with its current operations. 

(p) Litigation. There is no pending or, to Seller’s Knowledge, threatened, judicial, municipal or administrative
proceedings with respect to, or in any manner affecting the Property and in which Seller is or will be a party, including proceedings for or involving tenant evictions, collections, condemnations, eminent domain, alleged building code, zoning or
environmental violations, or personal injuries or property damage alleged to have occurred on the Property or by reason of the construction of any improvements thereon or the use and operation of the Property or, to Seller’s Knowledge, any
present plan or study by any governmental authority, agency or employee thereof which in any way challenges, affects or would challenge or affect the continued authorization of the ownership, construction, use, leasing, management, maintenance, and
operation of the Property. 
 (q) Information Not Misleading. All of the information concerning Seller and the
Property and all reports, contracts, or other items obtained by Purchaser in connection with the Property are true, complete and correct in all respects and fairly present the information set forth in a manner that is not misleading, and Seller has
not omitted any information required to be included in order to make the information furnished not misleading. 
 (r)
ERISA. Seller is not an employee benefit plan (a “Plan“) subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA“), or Section 4975 of the Internal Revenue
Code of 1986, as amended (the “Code“), Seller is not a “party in interest” (as that term is defined in Section 3(14) of ERISA) with respect to any Plan that is an investor in Purchaser, and Seller’s sale
of the Property to Purchaser will not constitute or result in a prohibited transaction under Section 406 of ERISA or Section 4975 of the Code. 

(s) Prohibited Persons and Transactions. Seller is currently in compliance with, and shall at all times during the term of
this Agreement (including any extension thereof) remain in compliance with, the regulations of the Office of Foreign Asset Control (“OFAC“) of the Department of the Treasury (including those named on OFAC’s Specially
Designated Nationals and Blocked Persons List) and any statute, executive order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support
Terrorism), or other governmental action relating thereto. 
  

 16 

 (t) No Representation or Warranty Regarding Physical Condition of the Property and
Improvements. Purchaser acknowledges that Purchaser will have independently and personally inspected the Property and that Purchaser has entered into this Agreement based upon its ability to make such examination and inspection. EXCEPT AS
EXPRESSLY SET FORTH HEREIN AND IN THE DOCUMENTS DELIVERED BY SELLER AT CLOSING, SELLER MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND TO PURCHASER, INCLUDING AS TO THE PHYSICAL CONDITION OF THE PROPERTY AND ANY IMPROVEMENTS LOCATED THEREON, OR
THEIR SUITABILITY FOR ANY PARTICULAR PURPOSE. PURCHASER FURTHER ACKNOWLEDGES AND AGREES THAT, HAVING BEEN GIVEN THE OPPORTUNITY TO INSPECT THE PROPERTY AND REVIEW THE PROPERTY INFORMATION, PURCHASER WILL BE, EXCEPT FOR SELLER’S REPRESENTATIONS
AND WARRANTIES CONTAINED HEREIN, RELYING SOLELY ON ITS OWN INVESTIGATIONS OF THE PROPERTY AND REVIEW OF THE PROPERTY INFORMATION, AND NOT ON ANY OTHER INFORMATION PROVIDED OR TO BE PROVIDED BY SELLER. 

When used herein, the phrase “to Seller’s Knowledge” or derivations thereof shall mean the current actual knowledge,
without additional investigation, of Richard C. Gottuso, Tim Metcalfe and Paul Fergen (each, a “Seller Representative“). Seller hereby represents and warrants that the persons named above are the persons upon whom Seller
would rely when inquiring about the management, leasing, ownership, maintenance, use and/or operation of the Property. Notwithstanding the foregoing, in no event shall any Seller representative have any personal liability for any provision of this
Agreement, or in connection with the transaction(s) described herein. 
 Seller agrees that Purchaser has the right to inspect
the Property and to investigate, test and review the information provided in accordance with this Agreement. Notwithstanding anything to the contrary herein, the effect of the representations and warranties made in this Agreement shall not be
diminished or deemed to be waived by any such inspections, tests or investigations made by Purchaser or its agents or employees except to the extent Purchaser has actual knowledge of any fact, circumstance or condition that would constitute a breach
of a representation and warranty of Seller and fails to disclose same to Seller prior to Closing. 
 If (A) any of
Seller’s representations and warranties set forth in this Section 9.1 are or become untrue in any material respect, or (B) at any time at or before Closing there is any material change with respect to the matters represented and
warranted by Seller pursuant to this Section 9.1 and Seller has actual knowledge of such material change, then Seller shall give Purchaser prompt written notice thereof, and Purchaser shall have the right to terminate this Agreement and recover
the Earnest Money by delivering notice to Seller at any time at or before the Closing; provided, however, that Purchaser may also recover Pursuit Costs pursuant to this Section 9.1 if such material change is caused by an act or omission within
Seller’s control. 
 Notwithstanding anything contained in this Agreement to the contrary, in the event the Closing occurs,
Purchaser hereby expressly waives, relinquishes and releases any right or remedy available to it at law, in equity or under this Agreement to make a claim against Seller for damages that Purchaser may incur, or to rescind this Agreement and the
transactions contemplated hereby, as the result of any of Seller’s representations or warranties being untrue, inaccurate or incorrect, if and only if Purchaser knew that such representation or warranty was untrue, inaccurate or incorrect at
the time of the Closing and Purchaser nevertheless closes title hereunder. Purchaser shall be “deemed to have known” that a representation or warranty was untrue, inaccurate or incorrect at the time of the Closing if any Property
Information furnished or made available to or otherwise obtained by Purchaser contains express information which is materially inconsistent with such representation or warranty. 

Section 9.2 Purchaser’s Representations and Warranties. Purchaser represents and warrants to Seller that:

 (a) Organization and Authority. Purchaser has been duly organized and is validly existing in good standing in
the state in which it was formed. Purchaser has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the transactions contemplated hereby. This
Agreement has been, and all of the documents to be delivered by Purchaser at the Closing will be, authorized and properly executed and constitute, or will constitute, as appropriate, the valid and binding obligation of Purchaser, enforceable in
accordance with their terms. 
  

 17 

 (b) Conflicts and Pending Action. There is no agreement to which Purchaser is
a party or to Purchaser’s knowledge binding on Purchaser which is in conflict with this Agreement. There is no action or proceeding pending or, to Purchaser’s knowledge, threatened against Purchaser which challenges or impairs
Purchaser’s ability to execute or perform its obligations under this Agreement. 
 (c) Due
Authority. The consummation by Purchaser of the purchase of the Property is not in violation of, or in conflict with, nor does it constitute a default under, any term or provision of the organizational documents of Purchaser.

 Section 9.3 Survival of Representations and Warranties. The representations and warranties set forth in
this Article 9 (a) are made as of the date of this Agreement, (b) are remade as of the Closing Date, and (c) shall not be deemed to be merged into or waived by the instruments of Closing, but shall survive the Closing for a period of
one year (the “Survival Period“). Each party shall have the right to bring an action against the other on the breach of a representation or warranty hereunder so long as the party bringing the action for breach files such
action within the Survival Period. The provisions of this Section 9.3 shall survive the Closing. Any breach of a representation or warranty that occurs prior to Closing shall be governed by Article 10. 

ARTICLE 10. 

DEFAULT AND REMEDIES 

Section 10.1 Seller’s Remedies. If Purchaser fails to perform its obligations pursuant to this Agreement at or
prior to Closing for any reason except failure by Seller to perform hereunder or termination of this Agreement as provided herein, or if prior to Closing any one or more of Purchaser’s representations or warranties are breached or untrue in any
material respect, Seller shall be entitled, as its sole remedy, to terminate this Agreement by giving Purchaser and the Escrow Agent written notice thereof prior to or at Closing and recover the Earnest Money as liquidated damages and not as
penalty, in full satisfaction of claims against Purchaser hereunder, in which case neither Purchaser nor Seller shall have any further rights or obligations hereunder, except those that expressly survive the termination of this Agreement. Subject to
Section 10.3 and Section 10.4 below, Seller and Purchaser agree that Seller’s damages resulting from Purchaser’s default are difficult, if not impossible, to determine and the Earnest Money is a fair estimate of those damages
which has been agreed to in an effort to cause the amount of such damages to be certain. 
 Section 10.2
Purchaser’s Remedies. If Seller fails to perform its obligations pursuant to this Agreement for any reason except failure by Purchaser to perform hereunder or termination of this Agreement as provided herein, or if prior to Closing
any one or more of Seller’s representations or warranties are breached or untrue in any material respect, Purchaser shall elect, as its sole remedy, either to (a) terminate this Agreement and recover the Earnest Money and the Pursuit Costs
by giving Seller and the Escrow Agent timely written notice of such election prior to or at Closing, in which case neither Purchaser nor Seller shall have any further rights or obligations hereunder except those that expressly survive the
termination of this Agreement, (b) enforce specific performance, or (c) waive said failure or breach and proceed to Closing. Purchaser’s remedies shall be limited to those described in this Section 10.2 and Section 10.3 and
Section 10.4. If, however, the equitable remedy of specific performance is not practical or available, Purchaser may seek any other right or remedy available at law or in equity. 

Section 10.3 Attorneys’ Fees. In the event either party hereto commences a legal proceeding to enforce or obtain
a declaration of its rights under this Agreement, the non-prevailing party in such proceeding shall pay the prevailing party all reasonable fees and expenses, including attorneys’ fees, incurred in connection with such proceeding. 

Section 10.4 Other Expenses. If this Agreement is terminated due to the default of a party, then the defaulting party
shall pay any fees or charges due to Escrow Agent for holding the Earnest Money as well as any escrow cancellation fees or charges and any fees or charges due to the Title Company for preparation and/or cancellation of the Title Commitment.

  

 18 

 ARTICLE 11. 

MISCELLANEOUS 

Section 11.1 No Assumption of Liabilities. Notwithstanding any provision contained in this Agreement to the contrary,
this Agreement is intended as and shall be deemed to be an agreement for the sale of assets and none of the provisions hereof shall be deemed to create any obligation or liability of any party to any person or entity that is not a party to this
Agreement, whether under a third-party beneficiary theory, laws relating to transferee liabilities or otherwise. Except as specifically provided otherwise in this Agreement, or in the documents delivered by Seller at Closing, Purchaser shall not
assume and shall not discharge or be liable for any debts, liabilities or obligations of Seller including, but not limited to, any (a) liabilities or obligations of Seller to its creditors, shareholders or owners, (b) liabilities or
obligations of Seller with respect to any acts, events or transactions occurring prior to, on or after the Closing, (c) liabilities or obligations of Seller for any federal, state, county or local taxes, or (d) any contingent liabilities
or obligations of Seller, whether known or unknown by Seller or Purchaser. Except as otherwise provided in this Agreement, Purchaser shall have no duty whatsoever to take any action or receive or make any payment or credit arising from or related to
any services provided or costs incurred in connection with the management and operation of the Property or any business conducted on the Property prior to the Closing, including, but not limited to, any matters relating to cost reports, collections,
audits, hearings, or legal action arising therefrom. 
 Section 11.2 Seller’s Indemnity. As additional
consideration for Purchaser’s purchasing the Property and paying the Purchase Price to Seller, Seller and each of the persons, firms or corporations or other entities comprising the Seller hereunder, jointly and severally, hereby covenant and
agree to indemnify, defend and hold Purchaser (together with its partners, members, shareholders, officers, directors, agents, contractors, employees and representatives and any partner, member, or shareholder of the foregoing) harmless from and
against all claims, demands, causes of action, judgments, damages, costs and expenses (including attorneys’ fees), deficiencies, settlements and investigations which relate to matters, actions or omissions arising or occurring on or before the
Closing, which arise out of or are based upon any of the following: 
 (a) any obligation under any contracts, agreements and
writings entered into by or on behalf of Seller in respect of the use, operation, ownership, management, leasing, occupancy or maintenance of any portion of the Property; 

(b) any breach, violation or default on the part of Seller or performance of any term, covenant, revision or agreement or other
obligation on the part of Seller to be performed which relates to the Property or which arises from any act, fault, misconduct, omission or negligence relating to the Property or by Seller or any of Seller’s agents, contractors, servants,
employees, occupants, suboccupants or licensees; 
 (c) any accident, injury, death or damage whatsoever caused to any person or
entity or loss of property occurring in or about the Property or any part thereof, or on any other property connected with the Property or adjacent thereto; and 

(d) all covenants, agreements, regulations, restrictions or other encumbrances contained in any instrument either of record or known to
Seller at any time in force affecting the Property or any part thereof or the ownership, use, occupancy, possession, operation, management, leasing, or maintenance thereof. 

The provisions of this Section 11.2 shall survive the Closing. 

Section 11.3 Limitation of Liability. Any and all liabilities and obligations of any party under this Agreement shall
be satisfied solely out of the properties and assets of such party, as they may exist from time to time, and in no event shall the properties or assets of the direct or indirect partners of such party, or of the affiliate partnerships or
corporations or successors or assigns of any such direct or indirect partners or affiliates, or the directors, officers or shareholders of any of the foregoing, be subject to satisfaction of any liabilities or obligations of such party under this
Agreement. 
  

 19 

 Section 11.4 Parties Bound; Assignment. This Agreement, and the terms,
covenants, and conditions herein contained, shall inure to the benefit of and be binding upon the heirs, personal representatives, successors, and assigns of each of the parties hereto. Purchaser may assign its rights and obligations under this
Agreement without Seller’s consent. This Agreement is for the sole benefit of Seller and Purchaser, and no third party is intended to be a beneficiary of this Agreement. Seller may not assign its rights or obligations under this Agreement
without Purchaser’s prior written consent, except to an affiliate that is either wholly owned by Seller or wholly owned by Seller’s corporate parent, Hunter Douglas, Inc.; provided, however, that such assignee shall execute a written
agreement to assume Seller’s obligations, without limitation or condition, under this Agreement. 
 Section 11.5
Headings. The article, section, subsection, paragraph and/or other headings of this Agreement are for convenience only and in no way limit or enlarge the scope or meaning of the language hereof. 

Section 11.6 Invalidity and Waiver. If any portion of this Agreement is held invalid or inoperative, then so far as is
reasonable and possible the remainder of this Agreement shall be deemed valid and operative, and, to the greatest extent legally possible, effect shall be given to the intent manifested by the portion held invalid or inoperative. The failure by
either party to enforce against the other any term or provision of this Agreement shall not be deemed to be a waiver of such party’s right to enforce against the other party the same or any other such term or provision in the future.

 Section 11.7 Governing Law. This Agreement shall, in all respects, be governed, construed, applied, and
enforced in accordance with the law of the state in which the Real Property is located without giving effect to its choice of law provisions. Venue for any action brought under this Agreement shall be in King County, Washington. 

Section 11.8 Survival. The provisions of this Agreement that contemplate performance after the Closing and the
obligations of the parties not fully performed at the Closing shall survive the Closing and shall not be deemed to be merged into or waived by the instruments of Closing. 

Section 11.9 Entirety and Amendments. This Agreement embodies the entire agreement between the parties and supersedes
all prior agreements and understandings relating to the Property. This Agreement may be amended or supplemented only by an instrument in writing executed by the party against whom enforcement is sought. All exhibits and schedules attached hereto are
incorporated herein by this reference for all purposes. 
 Section 11.10 Time. Time is of the essence in the
performance of this Agreement. 
 Section 11.11 No Electronic Transactions. Except as expressly set forth
below, the parties hereby acknowledge and agree this Agreement shall not be executed, entered into, altered, amended or modified by electronic means. Without limiting the generality of the foregoing, the parties hereby agree the transactions
contemplated by this Agreement shall not be conducted by electronic means, except as specifically set forth in the “Notices” section of this Agreement. 

Section 11.12 Notices. All notices required or permitted hereunder shall be in writing and shall be served on the
parties at the addresses set forth in Section 1.3. Any such notices shall, unless otherwise provided herein, be given or served (a) by depositing the same in the United States mail, postage paid, certified and addressed to the party to be
notified, with return receipt requested, (b) by overnight delivery using a nationally recognized overnight courier, (c) by personal delivery, (d) by facsimile transmission with a confirmation copy delivered by another method permitted
under this Section 11.12, or (e) by electronic mail addressed to the electronic mail address set forth in Section 1.3 for the party to be notified with a confirmation copy delivered by another method permitted under this
Section 11.12. Notice given in accordance herewith for all permitted forms of notice, other than by electronic mail, shall be effective upon the earlier to occur of actual delivery to the address of the addressee or refusal of receipt by the
addressee (even if such addressee refuses delivery thereof). Notice given by electronic mail in accordance herewith shall be effective upon the entrance of such electronic mail into the information processing system designated by the
recipient’s electronic mail address. Except for facsimile and electronic mail notices as described above, no notice hereunder shall be effective if sent or delivered by electronic means. In no event shall this Agreement be entered into,
executed, terminated, altered, amended or modified by electronic mail or electronic record. A party’s address may be changed by written notice to the other party; provided, however, that no notice of a change of address shall be effective until
actual receipt of such notice. Copies of notices are for informational 
  

 20 

 
purposes only, and a failure to give or receive copies of any notice shall not be deemed a failure to give notice. Notices given by counsel to the Purchaser shall be deemed given by Purchaser and
notices given by counsel to the Seller shall be deemed given by Seller. 
 Section 11.13 Construction;
Waiver. The parties acknowledge that the parties and their counsel have reviewed and revised this Agreement and agree that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall
not be employed in the interpretation of this Agreement or any exhibits or amendments hereto. The word “including“ and any derivation thereof shall mean “including, without limitation.” No provision of this
Agreement shall be deemed to be waived by either party unless the waiver is in writing and signed by that party. Unless otherwise expressly provided herein, no consent or approval by either party shall be deemed to be given unless the consent or
approval is in writing and signed by that party. No custom or practice that may evolve between Purchaser and Seller during the term of this Agreement shall be deemed or construed to waive or lessen the right of either of the parties hereto to insist
upon strict compliance with the terms of this Agreement. 
 Section 11.14 Calculation of Time Periods. Unless
otherwise specified, in computing any period of time described herein, the day of the act or event after which the designated period of time begins to run is not to be included and the last day of the period so computed is to be included, unless
such last day is not a Business Day, in which event the period shall run until the end of the next day which is a Business Day. The last day of any period of time described herein shall be deemed to end at 5:00 p.m. local time in the state in which
the Real Property is located. As used herein, the term “Business Day“ means any day that is not a Saturday, Sunday or legal holiday for national banks in the city in which the Real Property is located. 

Section 11.15 Execution in Counterparts; Offer and Acceptance. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, and all of such counterparts shall constitute one Agreement. To facilitate execution of this Agreement, the parties may execute and exchange by telephone facsimile or e-mail
“pdf” file counterparts of the signature pages, provided that executed originals thereof are forwarded to the other party on the same day by any of the delivery methods set forth in Section 11.11 other than facsimile or e-mail
transmissions. This Agreement and the offer to sell and purchase the Property embodied herein shall be null and void unless one counterpart of this Agreement duly executed by an authorized representative of Seller, and one counterpart of this
Agreement duly executed by an authorized representative of Purchaser, have been received by the Title Company by 5:00 p.m. Dallas, Texas time on or before May 10, 2010. 

Section 11.16 Further Assurances. In addition to the acts and deeds recited herein and contemplated to be performed,
executed and/or delivered by either party at Closing, each party agrees to perform, execute and deliver, but without any obligation to incur any additional liability or expense, on or after the Closing any further deliveries and assurances as may be
reasonably necessary to consummate the transactions contemplated hereby or to further perfect the conveyance, transfer and assignment of the Property to Purchaser. 

Section 11.17 No Marketing. Seller agrees not to market any portion of the Property for sale or lease from the
Effective Date until the earlier of (a) the Closing or (b) a termination of this Agreement. 
 [SIGNATURE PAGES AND
EXHIBITS TO FOLLOW] 
  

 21 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year
written below. 
  

					
	SELLER:	  	HUNTER DOUGLAS REAL PROPERTY, INC., a
		  	Delaware corporation
			
		  	By:	  	  

		  	Name:	  	  

		  	Title:	  	  

							
		 		  	Date Executed:	  	  

[REMAINING SIGNATURE ON FOLLOWING PAGE] 

Signature Page to Purchase and Sale Agreement 

					
	PURCHASER:	 	COPELAND COMMERCIAL, LLC, a Texas limited
		 	iability company
			
		 	By:	 	  

							
		 		 	    Name: Bradley D. Copeland
		 		 	    Title: President
		 		 	    Date Executed:	 	  

  

 Signature Page to Purchase and Sale Agreement 

 JOINDER BY ESCROW AGENT 

Escrow Agent has executed this Agreement in order to confirm that Escrow Agent has received the Intial Deposit and shall hold the Earnest
Money required to be deposited under this Agreement, in escrow, and shall invest and disburse the Earnest Money pursuant to the provisions of this Agreement. 

 

			
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

			
	Date Executed:	 	  

Joinder by Escrow Agent to Purchase and Sale Agreement 

 LIST OF EXHIBITS 

 

					
	Exhibit A	  	 -
	  	Legal Description of Real Property
			
	Exhibit B	  	-	  	Special Warranty Deed
			
	Exhibit C	  	-	  	Bill of Sale, Assignment and Assumption
			
	Exhibit D	  	-	  	FIRPTA Certificate
			
	Exhibit E	  	-	  	List of Environmental Reports
			
	Exhibit F	  	-	  	Survey Requirements
			
	Exhibit G	  	-	  	Lease Back Agreement Terms
			
	Exhibit H	  	-	  	Exclusions from Tangible Property

 List of
Exhibits Purchase and Sale Agreement 

 EXHIBIT A 

LEGAL DESCRIPTION OF REAL PROPERTY 
  

 A-1 

 EXHIBIT B 

SPECIAL WARRANTY DEED 

AFTER RECORDING RETURN TO: 
 Donna Gulledge

 Vinson & Elkins LLP 
 2001
Ross Avenue, Suite 3700 
 Dallas, Texas 75201 

SPECIAL WARRANTY DEED 
  

			
	  

	Reference # of document modified herein:	 	  

			
	Grantor:	 	  

			
	Grantee:	 	  

			
	Legal Description (abbreviated):	 	  

	Additional Legal Description:	 	  

	Assessor’s Tax Parcel No.:	 	  

	  

In consideration of $10.00 in hand paid, Hunter Douglas Real Property, Inc., a Delaware corporation, as Grantor, grants, bargains and conveys to Copeland
Commercial, LLC, a Texas limited liability company, as Grantee, the real property described on the attached Exhibit A, subject to the matters described on the attached Exhibit B. 

The Grantor, for itself and its successors in interest, does by these presents expressly limit the covenants of the deed to those herein expressed, and
excludes all covenants arising or to arise by statutory or other implication, and does hereby covenant that against all persons whomsoever lawfully claiming or to claim by, through or under said Grantor and not otherwise, Grantor will forever
warrant and defend the said described real estate. 
 IN WITNESS WHEREOF, Grantor has executed this instrument as of this
            day of             , 2010. 

 

					
	GRANTOR:	  	HUNTER DOUGLAS REAL PROPERTY, INC., a
		  	Delaware corporation
			
		  	By:	  	  

		  	Name:	  	  

		  	Title:	  	  

 

					
	STATE OF                           
             	 	)	 	
		 	)	 	ss.
	County
of                                        
    	 	)	 	

 I certify that I know or have satisfactory evidence that
                        is the person who appeared before me, and said person acknowledged that he/she signed this
instrument, on oath stated the he/she was authorized to execute the instrument and acknowledged it as the
                        of Hunter Douglas Real Property, Inc., a Delaware corporation, on behalf of said corporation to be
the free and voluntary act of such party for the uses and purposes mentioned in the instrument. 
 Dated:
                    , 2010. 
  

 B-1 

					
		  	  

	(Seal or stamp)	  	Notary Public for the State of	  	  

		  	My Appointment Expires	  	  

  

 B-2 

 EXHIBIT A 

Legal Description 
  

 B-3 

 EXHIBIT B 

Permitted Encumbrances 
  

 B-4 

 EXHIBIT C 

BILL OF SALE, ASSIGNMENT AND ASSUMPTION 

This Bill of Sale, Assignment and Assumption is made as of
                    , by and between Hunter Douglas Real Property, Inc., a Delaware corporation (“Assignor“), and
Copeland Commercial, LLC, a Texas limited liability company (“Assignee“). 
 WITNESSETH: 

 For good and valuable consideration, receipt and sufficiency of which are hereby acknowledged Assignor hereby agree as
follows: 
 1. Assignor hereby sells, transfers, assigns and conveys to Assignee the following (to the extent assignable by
Assignor): 
 (a) All tangible personal property (“Personalty”) set forth in the inventory on
Exhibit A attached hereto and made a part hereof, and located on, and used in connection with the management, maintenance or operation of that certain land and improvements located in the County of King, State of Washington, as more
particularly described in Exhibit B attached hereto and made a part hereof (“Real Property”), but excluding that tangible personal property specifically excluded by Assignor in Exhibit H of that Purchase and
Sale Agreement dated May     , 2010, by and between Assignor and Assignee (the “Purchase Agreement”). 

(b) To the extent assignable, all right, title and interest in and to those certain contracts set forth on Exhibit C attached
hereto and made a part hereof, and all warranties, guaranties, indemnities and claims (including for workmanship, materials and performance) and which exist or may hereafter exist against any contractor, subcontractor, manufacturer or supplier or
laborer or other services relating thereto (collectively, the “Contracts”). 
 (c) All of
Assignor’s intangible personal property related to the Real Property and the improvements located thereon (the “Improvements”), including: all trade names and trade marks associated with the Real Property and the
Improvements, including Assignor’s rights and interests, if any, in the name of the Real Property, but excluding the name “Hunter Douglas” (and all variations of such name) and other items excluded pursuant to Section 2.1(b) of
the Purchase Agreement; the plans and specifications and other architectural and engineering drawings for the Improvements, if any; and warranties related to the Real Property; surveys, engineering reports and other technical information relating to
the Real Property or Improvements; contract rights related to the construction, operation, ownership or management of the Real Property, if any; governmental permits, approvals and licenses, if any; and all utility deposits (collectively the
“Intangible Personal Property”). 
 2. This Bill of Sale, Assignment and Assumption is given pursuant to
that certain Purchase and Sale Agreement (as amended and assigned, the “Purchase Agreement”) dated as of
                    , between Assignor and Assignee, providing for, among other things, the conveyance of the Personalty, the Contracts and
the Intangible Personal Property. 
 3. Assignee hereby accepts the assignment of the Personalty, the Contracts and the
Intangible Personal Property and agrees to assume and discharge, in accordance with the terms thereof, all of the obligations thereunder from and after the date hereof. 

4. Assignee agrees to indemnify and hold harmless Assignor from any cost, liability, damage or expense (including attorneys’ fees)
arising out of or relating to Assignee’s failure to perform any of the foregoing obligations arising from and accruing on or after the date hereof. 
  

 C-1 

 5. Assignor agrees to indemnify and hold harmless Assignee from any cost, liability, damage
or expense (including attorneys’ fees) arising out of or relating to Assignor’s failure to perform any of the obligations of Assignor under the Contracts, to the extent accruing prior to the date hereof. 

6. This Bill of Sale, Assignment and Assumption may be executed in any number of counterparts, each of which shall be deemed an original,
but all of which shall constitute one and the same instrument. 
 7. This Bill of Sale, Assignment and Assumption shall inure to
the benefit of and be binding upon the heirs, personal representatives, successors, and assigns of each of the parties hereto. 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.] 
  

 C-2 

 Executed as of
                    , 200  . 
  

							
	ASSIGNOR:	 		 	 HUNTER DOUGLAS REAL PROPERTY, INC., a

		 		 	 Delaware corporation

				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

 

							
	
STATE OF                     

	  	)	 		  	
		  	)	 	ss.	  	
	
County of                     
  
	  	)	 		  	

 I certify that I know or have satisfactory evidence that
                     is the person who appeared before me, and said person acknowledged that he/she signed this instrument, on oath stated the
he/she was authorized to execute the instrument and acknowledged it as the                      of Hunter Douglas Real Property, Inc., a
Delaware corporation, on behalf of said corporation to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. 
  

							
	Dated:                     , 2010.	 		 		 	
				
		 		 		 	  

	(Seal or stamp)	 		 		 	Notary Public for the State of                     
		 		 		 	My Appointment Expires
                          

 

 C-3 

							
	ASSIGNEE:	 		 	 COPELAND COMMERCIAL, LLC, a Texas limited

		 		 	 liability company

				
		 		 	By:	 	  

		 		 	Name:	 	Bradley D. Copeland
		 		 	Title:	 	President

  

							
	
STATE OF                     

	  	)	 		  	
		  	)	 	ss.	  	
	
County of                     
  
	  	)	 		  	

 I certify that I know or have satisfactory evidence that Bradley D. Copeland is the person who appeared before me,
and said person acknowledged that he signed this instrument, on oath stated the he was authorized to execute the instrument and acknowledged it as the President of Copeland Commercial, LLC, a Texas limited liability company, on behalf of said
limited liability company to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. 
  

							
	Dated:                     , 2010.	 		 		 	
				
		 		 		 	  

	(Seal or stamp)	 		 		 	Notary Public for the State of                     
		 		 		 	My Appointment Expires
                          

 

			
	Exhibit A	 	Personalty
	Exhibit B	 	Real Property
	Exhibit C	 	Contracts

  

 C-4 

 Exhibit D 

FIRPTA CERTIFICATE 

Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the
transferor is a foreign person. For U.S. tax purposes (including Section 1445), the owner of a disregarded entity (which has legal title to a U.S. real property interest under local law) will be the transferor of the property and not the
disregarded entity. To inform Copeland Commercial, LLC, a Texas limited liability company (“Transferee”), that withholding of tax is not required upon the disposition of a U.S. real property interest by Hunter Douglas Real
Property, Inc., a Delaware corporation (“Transferor”), the beneficial owner of                      (U.S. employer
identification number                     ), the undersigned, in his capacity as President of Transferor, hereby certifies to Transferee the
following on behalf of Transferor: 
 1. Transferor is not a foreign corporation, foreign partnership, foreign trust, or foreign
estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); 
 2. Transferor is not a
disregarded entity as defined in Section 1.1445 2(b)(2)(iii) of the Income Tax Regulations; 
 3. Transferor’s U.S.
employer identification number is                     ; and 

4. Transferor’s office address is
                    . 

Transferor understands that this certification may be disclosed to the Internal Revenue Service by Transferee and that any false
statement contained herein could be punished by fine, imprisonment, or both. 
 Under penalties of perjury I declare that I have
examined this certification and to the best of my knowledge and belief it is true, correct and complete, and I further declare that I have authority to sign this document on behalf of Transferor. 

Dated as of
                    , 2010. 
  

			
	HUNTER DOUGLAS REAL PROPERTY, INC., a Delaware corporation
		
	By:	 	  

	Name:	 	  

	Title: 	 	President

  

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THE STATE OF                    
 
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COUNTY OF                     
  
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 On this              day of
                    , 2010, before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn
personally appeared                     , known to me to be the
                     of HUNTER DOUGLAS REAL PROPERTY, INC., the corporation that executed the foregoing instrument, and acknowledged the said
instrument to be the free and voluntary act and deed of said corporation, for the purposes therein mentioned, and on oath stated that he/she was authorized to execute said instrument. 

I certify that I know or have satisfactory evidence that the person appearing before me and making this acknowledgment is the person
whose true signature appears on this document. 
 WITNESS my hand and official seal hereto affixed the day and year in the
certificate above written. 
  

			
	  

	Notary Public, State of	 	  

 

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 EXHIBIT E 

LIST OF ENVIRONMENTAL REPORTS 
  

 E-1 

 EXHIBIT F 

THE SURVEY REQUIREMENTS 

CERTIFICATION 

The plat of survey should be accompanied by a certificate as follows: 

1. Certification should be by a civil engineer or a registered professional land surveyor. 

2. Certificate should include an original signature, original seal and registration number of the certifying party. 

3. The certification should be acknowledged by a notary public, if required by state law. 

4. If the surveyor finds that any easement furnished to him which purports to affect the parcel surveyed does not, in fact, affect such
parcel, he should specifically certify that such easement, identified by book and page of recording, does not affect the parcel. 

5. The form of certificate should be as follows: 

I, (Insert Lender’s Name), a (registered professional land surveyor) do hereby certify to (Insert Lender’s
Name), (Insert Title Company’s Name), (Insert Title Underwriter’s Name) and (Insert Borrower’s Name) that this plat of survey represents a true and correct survey made by me on
                    , 20    , of the following described property: 

(Insert Legal Description). 
  

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 The undersigned further hereby certifies to (Insert Lender’s Name), (Insert
Title Company’s Name), (Insert Title Underwriter’s Name) and (Insert Borrower’s Name) as of the
                     day of
                    , 200  , that the foregoing survey correctly shows (i) the location of all buildings, structures and other
improvements situated on the above premises, and that, except as shown, there are no visible or recorded easements or rights of way across said premises or any other easements or rights of way of which the undersigned has been advised, no party
walls, no encroachments on easements or on adjoining premises, easements, streets or alleys by any of said buildings, structures or other improvements, and no encroachments on said premises by buildings, structures or other improvements situated on
adjoining premises; (ii) the courses and measured distances of the exterior property lines of the premises and any easements located on or affecting the said premises; (iii) the location and number of parking spaces and the total square
foot area of the said premises and any easements located on or affecting the said premises; (iv) the dimensions of all improvements on the said premises at ground surface level and the distance therefrom to the nearest facing exterior property
lines of the said premises; and (v) the scale, the north direction, the basis of bearings, the beginning point, the distance to the nearest intersecting street and point of reference from which the premises are measured, the width of the street
or streets on which the premises abut, the lot and block number shown on any filed map to which reference is made in the legal description of the premises together with the filing date of such map, and an accurate reference to the real estate
records of                      County,
                    , identifying all easements of record crossing or affecting the said premises. The undersigned further certifies that all
streets abutting the said premises and all means of ingress and egress for the said premises have been completed, dedicated and accepted for public maintenance by the City of
                    ,
                    . Except as shown, there are no building set-back lines. Except as shown, no part of the subject property lies within a
flood plain or flood-prone area or flood way of any body of water. The undersigned further certifies that this map or plat and the survey on which it is based were made in accordance with Minimum Standard Detail Requirements for ALTA/ACSM Land Title
Surveys, jointly established and adopted by the ALTA and NSPS in 2005, and includes items 1, 2, 3, 4, 6, 7(a), 7(b), 7(c), 8, 9, 10, 11(b), 13, 14, 15, 16, 17, and 18, all inclusive, of Table A thereof. Pursuant to the Accuracy Standards as adopted
by ALTA and NSPS and in effect on the date of this certification, the undersigned further certifies that, in my professional opinion, as a land surveyor registered in the State of
                     the Relative Positional Accuracy of this survey does not exceed that which is specified therein. 

 
  

Registered Professional Land Surveyor No.              

 

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 INSTRUCTIONS FOR PREPARATION OF 

COMMERCIAL REAL ESTATE SURVEY 

Legal Description 

If a lot and block legal description is used, it should specifically refer to the recorded plat, identifying it by book and page of
recording. In any event, a metes and bounds description must also be included. 
 Where a metes and bounds description is used,
the description should commence from a readily identifiable point, ideally a recognized benchmark, a section corner and/or the intersection of two open, fully-constructed public streets. The calls necessary to move from the point of commencement to
the point of beginning of the parcel being surveyed, as well as the sides of the parcel being surveyed, should be described by giving the distances and bearings of each. Curved sides should be described by data including length of arc, radius of
circle for the arc, chord distance and bearing. A reference to the basis of the bearings used in preparation of the survey must be included in the metes and bounds description. 

Plat of Survey 

The plat of survey should show the following information: 

1. Scale. 
 2.
The North direction indicated by an arrow, together with a reference to the basis of the bearings used in preparation of the survey. 

3. If the legal description is metes and bounds, the point of commencement of the legal description and the distances and bearings to
reach the point of beginning of the parcel surveyed. 
 4. The point of beginning and the distances and bearings of all sides of
the parcel surveyed. 
 5. In the case of curved sides, complete curve data including length of arc, radius of circle for the
arc, chord distance and bearing. 
 6. The distance(s) to the nearest intersecting street(s). 

7. All abutting streets including indication of the width of such streets. 

8. The street number, if any, of the parcel surveyed. 

9. The lot and block number if the legal description is taken from a recorded plat. 

10. The character of construction, the external dimensions and square footage of the building footprint and the maximum height and number
of stories of all the buildings located in the parcel surveyed. 
 11. The distance from the building or buildings to the
property lines, building lines, and easement lines at the closest point. 
 12. The distance between buildings at the closest
point. 
 13. All recorded easements identified by book and page of recording. 

14. All unrecorded easements visible on the site or otherwise known to the surveyor including statutory section line roads. 

 

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 15. The established building lines, if any. 

16. The exact dimensions of any encroachments. 

17. The point at which all utilities enter the property surveyed and the location of all lighting fixtures. 

18. All parking lot striping, including the total number of parking spaces, and showing all parking spaces reserved for the handicapped.

 19. The total land area and the total building area. 

20. Certify whether or not the property appears on any U.S. Department of H.U.D. Flood Insurance Boundary Map and, if so, state map
number, flood zone designation and whether or not property appears in the “Flood Hazard Area” shown on the map. 
 21.
A location map. 
 22. A summary of, and a depiction on the drawing of, all zoning requirements related to the Property, as
requested by Purchaser. 
  

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 EXHIBIT G 

LEASE BACK AGREEMENT TERMS 

In furtherance of the purpose stated below, the parties agree to enter into the Lease Back Agreement upon substantially the following
terms and conditions: 
 1. Term – commences on the date of Closing under the Purchase and Sale Agreement (the
“Commencement Date“) and continues for a period expiring no later than August 31, 2010, unless earlier terminated by Purchaser as set forth herein. 

2. Rent – $15,000 per month plus the cost of all utilities. 

3. Early Termination – In the event Purchaser leases all or any portion of the Property to a third-party, Purchaser may terminate
the Lease Back Agreement by giving no less than 30 days prior written notice to Seller. 
 4. Holdover – In the event
Seller does not vacate the Property by the Lease Back Termination Date, the rent will increase to $65,000 per month plus the cost of all utilities. 

5. Indemnification – Seller will indemnify and defend Purchaser against all losses, costs, liabilities, claims and expenses
(collectively, the “Claims“) resulting from the operation of the Property by Seller during the Term, except to the extent any such Claims are the result of a breach by Purchaser of its obligations under the Lease Back
Agreement or relate to matters for which Purchaser has agreed to indemnify and defend Seller under the Purchase and Sale Agreement. 
  

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 EXHIBIT H 

EXCLUSIONS FROM TANGIBLE PERSONAL PROPERTY 

[To Be Provided] 
  

 H-1

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