Document:

Supporting Schedules & Exhibits to Purchas/Sale Agreement (Parkway at Oak)

 Exhibit 10.7.1 
 EXHIBIT A 
 LEGAL DESCRIPTION 
 TRACT I: Being all of that certain 17.676 acre tract of land, more or less, the same being all of Lot 1, Block “A”, OAK HILL TECHNOLOGY PARK
SUBDIVISION SECTION IV, a subdivision in Travis County, Texas, according to the map or plat thereof, recorded under Document No. 200300035 of the Official Public Records of Travis County, Texas. 
 TRACT 2: Being all of that certain 4.678 acre tract of land, more or less, the same being all of Lot 1, Block “A”, OAK HILL TECHNOLOGY PARK
SUBDIVISION SECTION III, a subdivision in Travis County, Texas, according to the map or plat thereof, recorded under Document No. 200300034 of the Official Public Records of Travis County, Texas. 

 1 
  

 EXHIBIT B 
 BILL OF SALE ASSIGNMENT AND ASSUMPTION 
 (Parkway at Oak Hill) 
 THIS BILL OF SALE, ASSIGNMENT AND ASSUMPTION is made as of the
             day of                     ,
            , by and between                     , a
                     (“Assignor”), and
                    , a
                     (“Assigned”). 
 W I T N E S S E T H: 
 For good and valuable consideration, receipt and sufficiency of which
are hereby acknowledged, Assignor and Assignee hereby agree as follows: 
 1.      Assignor
hereby sells, transfers, assigns ad conveys to Assignee the following: 
 a.      All right,
title and interest of Assignor in and to all tangible personal property (“Personality”) 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                     , State of
                    , as more particularly described to Exhibit B attached hereto and made a part hereof (“Real
Property”), but excluding tangible personal property owned or leased by Assignor’s property manager or the tenants of the Real Property under the Tenant Leases (as defined below). 
 b.      All right, title and interest of Assignor in and to those certain leases described on Exhibit
C attached hereto and made a part hereof (the “Tenant Leases”), relating to the leasing of space in the Real Property and all of the rights, interests, benefits and privileges of the lessor thereunder, and to the extent Assignee has
not received a credit   ̈ therefore under the Purchase Agreement (as defined below), all prepaid rents and security and other deposits held by Assignor under the Tenant Leases and not credited or returned
to tenants, but subject to all terms, conditions, reservations and limitations set forth in the Tenant Leases. 
 c.      To the extent assignable, all right, title and interest of Assignor in and to those certain contracts set forth on Exhibit D attached hereto and made a part hereof, and all warranties,
guaranties, indemnities and claims (including, without limitation, 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”). 
 d.      All right, title
and interest of Assignor in and to those agreements set forth on Exhibit B attached hereto and made a part hereof (the “License Agreement”). 
 2.      This Bill of Sale, Assignment and Assumption is given pursuant to that certain Agreement of Purchase and Sale (as amended, the “Purchase
Agreement”) dated as of                             , between Assignor and Assignee,
providing for, among other things, the conveyance of the Personality, the Tenant Leases and the Contracts. 

 2 
  

 3.      As set forth in Article 11 of the
Purchase Agreement, which is hereby incorporated by reference as if herein set out in full and except as set forth herein, the property conveyed hereunder is conveyed by Assignor and accepted by Assignee AS IS, WHERE IS, AND WITHOUT ANY
WARRANTIES OF WHATSOEVER NATURE, EXPRESS OR IMPLIED, EXCEPT AS EXPRESSLY SET FORTH IN SECTION 9.1 OF THE PURCHASE AGREEMENT, IT BEING THE INTENTION OF ASSIGNOR AND ASSIGNEE EXPRESSLY TO NEGATE AND EXCLUDE ALL WARRANTIES, INCLUDING, WITHOUT
LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE, WARRANTIES CREATED BY ANY AFFIRMATION OF FACT OR PROMISES OR BY ANY DESCRIPTION OF THE PROPERTY CONVEYED HEREUNDER, OR BY ANY SAMPLE OR MODEL THEREOF, AND
ALL OTHER WARRANTIES WHATSOEVER CONTAINED IN OR CREATED BY THE TEXAS UNIFORM COMMERCIAL CODE. 
 4.      Assignee hereby accepts the assignment of the Personality, the Tenant Leases, the Contracts and the License Agreements and agrees to assume and discharge, in accordance with the terms thereof, all of
the obligations thereunder from and after the date hereof. Additionally, but without limiting the generality of the foregoing, Assignee agrees to assume and discharge all leasing commissions, costs for tenant improvements, legal fees and other costs
and expenses incurred with respect to Leases and License Agreements and License Agreement renewals and extensions executed subsequent to the Effective Date of the Agreement. 
 5.      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. 
 6.      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 Tenant Leases, Contracts or License Agreements, to the extent accruing prior to the date hereof and during the period of Assignor’s ownership of the Real Property. 
 7.      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. 
 [Signatures Follow] 

 3 
  

 IN WITNESS WHEREOF, the parties hereto have executed this Bill of Sale, Assignment and
Assumption as of the date first above written. 
  

			
	 ASSIGNOR:

	               ,

	 a
	 	  

  

			
	 By:         

	 Name:    

	 Title:      

  

			
	 ASSIGNEE:

	               ,

	 a
	 	  

  

			
	 By:         

	 Name:    

	 Title:      

  

			
	 Exhibit A
	  	 Personalty

	 Exhibit B
	  	 Real Property

	 Exhibit C
	  	 Tenant Leases

	 Exhibit D
	  	 Contracts

	 Exhibit E
	  	 License Agreements

 1 
  

 EXHIBIT C 
 ERISA LETTER 
                                        
     ,              
  

					
	  
	  		  	
	  
	  		  	
	  
	  		  	

  

	 	Re:	 Acquisition of [Property] in [City, State] 

 Ladies and Gentlemen: 
 The undersigned represents to you that [Purchaser], or any
affiliates thereof, or any firm, person or entity providing financing for the purchase of the entire interest of
                                 in the above-described property (the
“Property”) are not using the assets of an employee benefit plan as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and covered under Title I, Part 4 of the
ERISA or Section 4975 of the Internal Revenue Code of 1986, as amended, in the performance or discharge of its obligations under that certain Agreement of Purchase and Sale dated
                            ,
            , with respect to the Property by and between             , as Seller, and the undersigned, as
Purchaser, including the acquisition of the Property. 
  

					
	 Very truly yours,

	
	               ,

					
	 a
	 	  

  

			
	 By:         

	 Name:    

	 Title:      

 1 
  

 EXHIBIT D 
 NOTICE TO TENANTS 
                                        
     ,              
  

					
	  
	  		  	
	  
	  		  	
	  
	  		  	

 Dear Tenant: 
 You are hereby notified that              (“Seller”), the current owner of [Property] in [City, State] (the
“Property”) and the current owner of the landlord’s interest in your lease in the Property, has sold the Property to
                     (“New Owner”), as of the above date. In connection with such sale, Seller has assigned and transferred
its interest in your lease and any to the security deposits thereunder in an amount of $                     to New Owner, and New Owner has
assumed and agreed to perform all of the landlord’s obligations under your lease (including any obligations set forth in your lease to repay or account for any security deposits thereunder) from and after such date. 
 Accordingly, (a) all your obligations under the lease from and after the date hereof, including your obligation to pay rent, shall be performable to
and for the benefit of New Owner, its successors and assigns, and (b) all the obligations of the landlord under the lease, including any obligations to repay or account for any security deposits hereunder, shall be the binding obligation of New
Owner and its successors and assigns. Unless and until you are otherwise notified in writing by New Owner, the address of New Owner for all purposes under your lease is: 
  

					
	  
	  		  	
	  
	  		  	
	  
	  		  	

  

			
	 Very truly yours,

	
	SELLER:
	               ,

	 a
	 	  

  

	
	 By:         

	 Name:    

	 Title:      

 2 
  

			
	
	NEW OWNER:
	               ,

	 a
	 	  

  

	
	 By:         

	 Name:    

	 Title:      

 3 
  

 EXHIBIT E 
 MANDATORY ARBITRATION 
 The parties have agreed to submit certain disputes to mandatory
arbitration in accordance with the following provisions: 
 Scope of Arbitration. The parties to this
Agreement have agreed to submit all disputes with an amount in controversy of $250,000.00 or less to final and binding arbitration as the sole and exclusive remedy for all claims for damages arising out of, involving, or relating to (a) this
Agreement or (b) the events giving rise to this Agreement, including all non-contractual claims for damages related to this Agreement or the events giving rise to it (including claims for fraudulent inducement of contract). Notwithstanding the
foregoing, the dispute resolution procedure set forth below shall not apply to (i) claims for injunctive or other equitable relief, or (ii) any claims for damages exceeding $250,000.00. The parties agree that two (2) sets of rules
will apply, depending on the amount in controversy. If the amount in controversy is equal to or less than $50,000.00, then SET A (as set forth below) will apply. If the amount in controversy is greater than $50,000.00 and less than or equal to
$250,000.00, then SET B will apply. The amount in controversy is calculated using the amount of actual damages alleged by the Claiming Party (defined below), exclusive of interest and attorney’s fees. The dispute resolution procedure set forth
below does not independently give rise to any right or remedy. The procedure is intended to be applied to rights or remedies expressly granted in other sections of this Agreement. 
 Notice of Dispute. Any party shall give the other parties written notice of the existence and nature of any proposed to be
arbitrated (the “Written Notice”). The Written Notice must be served on the other parties as required below. The party serving Written Notice shall be referred to as the “Claiming Party.” The party to whom the
claims are directed shall be referred to as the “Responding Party.” 
 Appointment of Arbitrators.

 SET A: The parties agree that these disputes will be arbitrated by a single arbitrator who is a board certified or
licensed real estate attorney in the state in which the Property is located. The parties shall attempt to agree upon an arbitrator within ten (10) days of the service of the Written Notice. If the parties are unable to agree, then the arbitrator
shall be appointed from, and pursuant to the rules for commercial arbitration of, the American Arbitration Association. Prior to appointment, the arbitrator shall agree to conduct such arbitration in strict accordance with the terms of this
agreement. 
 SET B: The parties agrees that these disputes will be arbitrated by a panel of three (3) arbitrators. Each
party shall appoint one person to serve as an arbitrator within fifteen (15) days of receipt of the Written Notice. The two (2) arbitrators thus appointed shall within seven (7) days of their appointment together select a third arbitrator
with such knowledge and expertise as necessary to serve as chairman of the panel of arbitrators (preferably a board certified or licensed real estate attorney in the state in which the Property is located), and this person shall serve as chairman.
The three arbitrators shall determine all matters, including the panel’s final decision with respect to the claims presented in the arbitration, by majority vote. If the two arbitrators selected by the parties are unable to agree upon the
appointment of the third 

 4 
  

 
arbitrator within seven (7) days of their appointment, both shall give written notice of such failure to agree to the parties, and if the parties fail to
agree upon the selection of such third arbitrator within five (5) days thereafter, such third arbitrator shall be appointed from, and pursuant to the rules for commercial arbitration of, the American Arbitration Association. Prior to appointment,
each arbitrator shall agree to conduct such arbitration in strict accordance with the terms of this Agreement. 
 Initial Meeting of the Arbitrators. Within seven (7) days after the selection of the last arbitrator (SET A: the arbitrator; SET B: the third arbitrator), the arbitrator(s) shall conduct an initial meeting with the parties
(the “Initial Meeting”). All meetings between the arbitrators, or between the arbitrator(s) and the parties, including the Initial Meeting, may be conducted by telephone, with the exception of the arbitration hearing at which
evidence is presented. At the Initial Meeting, the parties and the arbitrator(s) shall agree upon a schedule for the arbitration proceedings, with dates no later than the deadlines provided below. The statement of claim, the response to the
statement of claim and counterclaims (if any), and the response to the counterclaims (if any) (collectively, the “Pleadings”) shall be submitted to each arbitrator on the date they are served, unless service occurs prior to
appointment of any of the arbitrators, copies of any such Pleadings shall be submitted to such arbitrator promptly after such arbitrator’s appointment. 
 Conduct of the Arbitration. 
 SET A: With respect to each dispute to be
arbitrated, no more than six (6) months shall pass between the selection of the arbitrator and the release of a decision by the arbitrator; no more than two (2) depositions (lasting in total for both depositions no more than 15 hours) may be taken
by each of the Claiming Party or the Responding Party, and more than ten (10) interrogatories may be asked for by each of the Claiming Party or the Responding Party. The arbitration hearing shall last no more than two (2) days with the time divided
equally between the parties. All proceedings, including discovery, depositions, and the arbitration hearings shall be governed by the Federal Rules of Civil Procedure and the Local Rules of Civil Procedure of the United States District Court for the
district in which the Property is located, unless such rules conflict with the provisions of this Agreement, in which case the provisions of this Agreement control; provided, however, that the parties agree that the provisions of Federal Rule of
Civil Procedure 26(a) shall not apply. 
 SET B: With respect to each dispute to be arbitrated, no more than eleven (11)
months shall pass between the selection of the third arbitrator and the release of a decision by the arbitration panel; no more than eight (8) depositions (lasting in total for all eight depositions no more than 50 hours) may be taken by each of the
Claiming Party or the Responding Party, and more than thirty (30) interrogatories may be asked for by each of the Claiming Party or the Responding Party. The arbitration hearing shall last no more than five (5) days with the time divided equally
between the parties. All proceedings, including discovery, depositions, and the arbitration hearings shall be governed by the Federal Rules of Civil Procedure and the Local Rules of Civil Procedure of the United States District Court for the
district in which the Property is located, unless such rules conflict with the provisions of this Agreement, in which case the provisions of this Agreement control; provided, however, that the parties agree that the provisions of Federal Rule of
Civil Procedure 26(a) shall not apply. 
 Motions. The parties may make applications to the panel of
arbitrator(s) regarding issues of discovery, procedure and privilege. Any such motions shall be made to and resolved by the 

 5 
  

 
arbitrator(s) as soon as practicable. No party shall be permitted to file any motions for dismissal of claims (including dismissal based upon failure to join
an indispensable party), or for summary judgment, concerning the claims or counterclaims asserted in any arbitration. 
 Schedule of
Arbitration Proceedings. 
 SET A: At the Initial Meeting, the parties and the arbitrator shall agree to a schedule
that conforms with the following deadlines: 
  

			
	 Event
	 	 Deadline Not Later Than

	 Service of statement of claim by Claiming Party
	 	 15 days after service of Written Notice

		
	 Service of response to statement of claim and counterclaims, if any, by Responding Party
	 	 21 days after service of statement of claim

		
	 Service of response to counterclaims, if any, by the Claiming Party
	 	 7 days after service of counterclaims, if any

		
	 Commencement of document discovery
	 	 1 day after service of response to statement of claim

		
	 Commencement of deposition discovery
	 	 45 days after service of statement of claim

		
	 Completion of all discovery
	 	 100 days after service of statement of claim

		
	 Commencement of the arbitration hearing
	 	 21 days after the completion of discovery

		
	 Issuance of decision by the arbitrator(s)
	 	 14 days after receipt of the last hearing transcript by the arbitrator(s). [All sessions of the arbitration hearings shall be promptly transcribed and transcripts
shall be promptly provided to the parties and the arbitrator(s).]

 SET B: At the Initial Meeting, the parties and the arbitrators shall agree to a
schedule that conforms with the following deadlines: 
  

			
	 Event
	 	 Deadline Not Later Than

	 Service of statement of claim by Claiming Party
	 	 15 days after service of Written Notice

		
	 Service of response to statement of claim and counterclaims, if any, by Responding Party
	 	 21 days after service of statement of claim

		
	 Service of response to counterclaims, if any, by the Claiming Party
	 	 7 days after service of counterclaims, if any

		
	 Commencement of document discovery
	 	 1 day after service of response of statement of claim

		
	 Commencement of deposition discovery
	 	 75 days after service of statement of claim

		
	 Completion of all discovery
	 	 200 days after service of statement of claim

		
	 Commencement of the arbitration hearing
	 	 30 days after the completion of discovery

 6 
  

			
	 Issuance of decision by the arbitrator(s)
	 	 14 days after receipt of the last hearing transcript by the arbitrator(s). [All sessions of the arbitration hearings shall be promptly transcribed and transcripts
shall be promptly provided to the parties and the arbitrator(s).]

 Extensions of Time. The parties may jointly agree, in writing, to
extend any of the foregoing deadlines. 
 Decision Binding on the Parties. Unless the parties agree otherwise
in writing, the arbitrator(s)’ decision shall become binding on the parties at such time as the decision is confirmed by order of a court in the jurisdiction where the Property is located. The parties irrevocably and unconditionally submit to
the jurisdiction of such court for any and all proceedings relating to such confirmation. Any award ordered shall be paid within ten (10) days of confirmation of the arbitrator(s)’ decision. 
 Cost of Arbitration Proceeding. Except as specifically provided, the costs incurred by the parties in conjunction with an
arbitration proceeding pursuant to this Agreement, including reasonable attorney’s fees, fees paid to experts, and fees for obtaining transcripts shall be paid or reimbursed in accordance with the provisions of Section 10.3 of the
Agreement. In the event that the arbitrators determine that no party is entitled to indemnification by any other party, then (a) each party shall pay its own expenses, including attorney’s fees, fees paid to experts, fees for obtaining
transcripts, expenses of witnesses called solely by that party, and all fees charged by the arbitrator appointed by such party and (b) the parties shall each pay fifty percent of all remaining expenses of the arbitration proceeding. 
 Service of Documents. Any process, notice, memorandum, motion, demand, or other paper or communication, or application to
the panel of arbitrators shall be deemed to have been sufficiently served or submitted if done in accordance with Section 12.9 of this Agreement, except that service by facsimile shall not suffice for purposes of this Exhibit E.

 7 
  

 Schedule 2.1.3 
 Schedule of Tangible Personal Property 
  

					
	 9
	  	 Austin Bench
	  	
		  	 Bench Style:
	  	 Backed

		  	 Insert:
	  	 Wood

		  	 Wood Selection:
	  	 Ipe no finish (exterior use only)

		  	 Mounting:
	  	 Freestanding/Surface Mount

		  	 Powdercoat Color:
	  	 Silver

			
	 6
	  	 Chase Park Litter
	  	
		  	 Style:
	  	 Side Opening, 36 gal. capacity

		  	 Options:
	  	 Sand Pan

		  	 Powdercoat Color:
	  	 Silver

		  	 Standard Features:
	  	 Black Polyethylene Liner

			
	 4
	  	 Tables
	  	
		  	 Top Style:
	  	 Catena Top

		  	 Size:
	  	 36” Dia.

		  	 Umbrella Hole:
	  	 No

		  	 Support/Mounting:
	  	 Catena - Freestanding

		  	 Table Top Color:
	  	 Silver

		  	 Support Color:
	  	 Silver

			
	 8
	  	 Tables:
	  	
		  	 Top Style:
	  	 Catena Top

		  	 Size:
	  	 36” Dia.

		  	 Umbrella Hole:
	  	 Yes

		  	 Support/Mounting:
	  	 Catena - Freestanding

		  	 Table Top Color:
	  	 Silver

		  	 Support Color:
	  	 Silver

			
	 4
	  	 Equinox Umbrella
	  	
		  	 Style:
	  	 Plain Edge cover

		  	 Fabric Color:
	  	 Oyster

		  	 Powdercoat Color:
	  	 Silver

		  	 Mounting:
	  	 Table Mount

		  	 Standard Features:
	  	 1  1/2" diameter
pole

		  	 Standard Fabric:
	  	 Sunbrella® marine-grade fabric w/ stain resistance

			
	 36
	  	 Verona Chair
	  	
		  	 Style:
	  	 Grid

		  	 Arm Option:
	  	 Yes

		  	 Powdercoat Color:
	  	 Silver

		  	 Standard Features:
	  	 Stackable

 Schedule 9.1.4 
 Schedule of Service Contracts and License Agreements 
 See Attached 

 Service Contracts 
 Parkway @ Oak Hill (PKWY, LLC) 
  

															
	 Contractor
	  	 Service Provided
	  	*Expiration
Date	  	Termination
Language	  	Payment	  	# of
Payments
per Year	  	Annual Cost
	 ABC Pest Control
	  	Quarterly Pest Control	  	7/14/2009	  	30 days	  	$	194.86	  	4	  	$	779.44
	 ABC Pest Control
	  	Monthly Rodent Baiting	  	7/14/2009	  	30 days	  	$	92.01	  	12	  	$	1,104.12
	 Benchmark Landscapes
	  	Monthly Landscape Maintenance	  	7/14/2009	  	30 days	  	$	1,909.53	  	12	  	$	22,914.36
	 Clean-TX Building Services
	  	Day Porter Services (6 hours/week)	  	7/14/2009	  	30 days	  	$	350.73	  	12	  	$	4,208.76
	 Executive Security
	  	Security Patrol (7 days/week)	  	7/14/2009	  	30 days	  	$	423.26	  	12	  	$	5,079.12
	 Northstar Fire Alarm & Suppression
	  	Fire Alarm Monitoring (billed quarterly)	  	7/14/2009	  	30 days	  	$	194.86	  	4	  	$	779.44
	 Sweep Across Texas
	  	Parking Lot Sweeping	  	7/14/2009	  	30 days	  	$	162.38	  	12	  	$	1,948.56
	 ThyssenKrupp Elevator (maintenance)
	  	Elevator Maintenance	  	7/4/2009	  	30 days	  	$	866.00	  	4	  	$	3,464.00
	 ThyssenKrupp Elevator (monitoring)
	  	Elevator Phone Monitoring	  	7/4/2009	  	30 days	  	$	32.48	  	12	  	$	389.76
	 Aquatic Features, inc.
	  	Pond/Fountain Maintenance	  	7/31/2009	  	30 days	  	$	703.63	  	12	  	$	8,443.50

  

	*	 Expiration Date - NOTE: Section 31 states “....Owner may elect by giving written notice to Contractor, to terminate this Agreement effective as of the
date that such sale is completed or effective as of the date that Agent ceases to be the representative of Owner, in which event this Agreement shall, except as otherwise provided herein, be of no further force or effect.”

 Schedule 9.1.5 
 Governmental Notices 
 (None) 

 EXHIBIT A 
 See attached 

 ESTOPPEL WITH REGARD TO JOINT ACCESS AND EASEMENT AGREEMENT 
 RE: Joint Access and Easement Agreement dated October 29, 2005 and recorded as Instrument 2005209114 in the real estate records of
Travis County, Texas (the “Easement”). 
 AAW Oak Hill, Ltd., a Texas Limited Partnership hereby certifies to Wells
Mid-Horizon Value-Added Fund I, LLC, a Georgia limited liability company, its successors and assigns, and Fidelity National Title Insurance Company as follows with regard to the Easement as it affects that certain tract of land defined and described
in the Easement as the “Champion Tract” and further described on Exhibit “A” attached hereto and made a part hereof: 
  

	1.	 The undersigned is the owner of the “AAW Tract” as defined and described in the Easement, and as further described on Exhibit “B” attached
hereto and made a part hereof. 

  

	2.	 That the Easement is in full force and effect and has not been modified or amended. 

  

	3.	 That neither the current successor-in-title to Champion Parkway, Ltd. under the Easement, the Champion Tract, nor any other party to the Easement, is in default
with respect to compliance with all the terms and provisions of the Easement. 

  

	4.	 The Easement is in full force and effect. 

  

	5.	 That undersigned has not filed any liens or any notice or claim of lien against the Champion Tract for nonpayment of any amounts which might be owed pursuant to
the Easement, and no such amounts are owed. 

  

	6.	 The undersigned is entitled to certain reciprocal access easement rights as set forth in Section 6.19 of the Easement. Section 6.19 makes reference to
additional terms and conditions set forth in other documents. The undersigned does hereby represent and warrant that all such additional terms and conditions are set forth in the Fifth Agreement to Agreement of Sale between D. Kent Lance, Jr. and
Champion Partners Group, Ltd., dated October 26, 2005, attached hereto as Exhibit “C” and made a part hereof. 

 Executed on this      day of September, 2008. 
 [SIGNATURE CONTAINED ON FOLLOWING
PAGE] 

			
	 AAW OAK HILL, LTD, a Texas limited partnership

	
	 By: 2800 Industrial, Inc., its general partner

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

					
	 STATE OF TEXAS
	  	     )
	 	
	 COUNTY OF TRAVIS
	  	     )
	 	

 This instrument was acknowledged before me on this the
     day of             , 2008, by D. Kent Lance Jr., Vice President of 2800 Industrial Inc., general partner of AAW Oak Hill, Ltd., a Texas limited
partnership, on behalf of said limited partnership. 
  

	
	  

	Notary Public, State of Texas

 EXHIBIT “A” 
 CHAMPION TRACT 

 Exhibit A 
 Legal Description of the Champion Tract 
 Tract 1: 
 Being all of that certain 17.676 acre tract of land out of the Thomas Anderson Survey No. 17, the same being all of Lot 1, Block “A”, OAK HILL TECHNOLOGY PARK SUBDIVISION SECTION
IV, a subdivision in Travis County, Texas, according to the plat thereof, recorded under Document No. 200300035 of the Official Public Records of Travis County, Texas. 
 Tract 2: 
 Being all of that certain 4.678 acre tract of land out of the Thomas Anderson Survey
No. 17, the same being all of Lot 1, Block “A”, OAK HILL TECHNOLOGY PARK SUBDIVISION SECTION III, a subdivision in Travis County, according to the plat thereof, recorded under Document No. 200300034 of the Official Public Records
of Travis County, Texas. 

 EXHIBIT “B” 
 AAW TRACT 

 Exhibit B 
 Legal Description of the AAW Tract 
 Being all of that certain 3.643 acre tract of land out of the
Thomas Anderson Survey No. 17, the same being all of Lots 1 and 2, Block “A”, OAK HILL TECHNOLOGY PARK SUBDIVISION, a subdivision in Travis County, Texas, according to the plat thereof, recorded under Document No. 200000208 of
the Official Public Records of Travis County, Texas. 

 EXHIBIT “C” 
 FIFTH AMENDMENT TO AGREEMENT OF SALE 

 FIFTH AMENDMENT TO AGREEMENT OF SALE 
 This Fifth Amendment to Agreement of Sale (this “Fifth Amendment”) is made and entered into to be effective
as of the 26th day of October, 2005 by and between D. KENT LANCE, JR.
(“Seller”) and CHAMPION PARTNERS GROUP, LTD. (“Purchaser”). 
 RECITALS: 
 A.        Effective August 10, 2005, Seller and Purchaser entered into that certain
Agreement of Sale (the “Agreement”), concerning the purchase and sale of real property consisting of approximately 4.678 acres and all improvements thereon in the County of Travis, State of Texas (the “Property”). 
 B.        On September 15, 2005, Purchaser terminated the Agreement pursuant to the
provisions of Section 8 thereof. 
 C.        Effective September 16, 2005,
Seller and Purchaser entered into that certain Reinstatement of and First Amendment to Agreement of Sale (the “First Amendment”), whereby Seller and Purchaser reinstated the Agreement and amended the Agreement as set forth therein.

 D.        On September 19, 2005, Purchaser again terminated the Agreement
pursuant to the provisions of Section 8 thereof. 
 E.        Effective
September 20, 2005, Seller and Purchaser entered into that certain Reinstatement of and Second Amendment to Agreement of Sale (the “Second Amendment”), whereby Seller and Purchaser again reinstated the Agreement and amended the
Agreement as set forth therein. 
 F.        On September 30, 2005, Purchaser
again terminated the Agreement pursuant to the provisions of Section 8 thereof. 
 G.        Effective October 3, 2005, Seller and Purchaser entered into that certain Reinstatement of and Third Amendment to Agreement of Sale (the “Third Amendment”), whereby Seller and
Purchaser again reinstated the Agreement and amended the Agreement as set forth therein. 
 H.        On October 24, 2005, Purchaser again terminated the Agreement pursuant to the provisions of Section 8 thereof. 
 I.          Effective October 25, 2005, Seller and Purchaser entered into that
certain Reinstatement of and Fourth Amendment to Agreement of Sale (the “Fourth Amendment”), whereby Seller and Purchaser again reinstated the Agreement and amended the Agreement as set forth therein. 
 J.          Seller and Purchaser now desire to further amend the Agreement as set forth
herein, 
  

 1 

 AMENDMENT: 
 Now, therefore, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged by both parties, and
notwithstanding anything to the contrary set forth in the Agreement, Seller and Purchaser hereby agree as follows: 
 1.        Capitalized terms not otherwise defined in this Fifth Amendment shall have the meanings ascribed to them in the Agreement. From and after the effective date hereof, the term
“Agreement” shall be deemed to refer to the Agreement as reinstated and amended by the First Amendment, as reinstated and further amended by the Second Amendment, as reinstated and further amended by the Third Amendment, as reinstated and
further amended by the Fourth Amendment, and as further amended by this Fifth Amendment. 
 2.        Section 10 of the Agreement is hereby amended to read in its entirety as follows: 
 10. Contingency. The parties hereby acknowledge that AAW Oak Hill, Ltd., a Texas limited partnership (“AAW”) is the owner of Lots 1 and 2, Block “A” of the Oak Hill Technology Park
Subdivision, according to the plat thereof filed as Document No. 200000208 of the Official Public Records, Travis County, Texas (the “AAW Tract”). A curb cut onto U.S. 290 currently exists on Lot 1 of the AAW Tract (the
“Driveway”), which Driveway leads, or will lead, to a drive, running generally south to north on the AAW Tract along its eastern boundary to the northern end of Lot 2 of the AAW Tract (the “Drive”). The Drive will provide joint
access to the Land and the AAW Tract. 
 The parties will exercise good faith efforts to negotiate with AAW and finalize the
following agreement during the Inspection Period: a Joint Access Agreement (herein so called) that sets forth (i) the obligation of Purchaser to design and construct at Purchaser’s cost and expense, the Drive, (ii) maintenance
obligations for the Drive to be shared by Purchaser and AAW on a pro-rata basis, (iii) AAW’s right to tap into utilities constructed by Purchaser, if any, on the Land and (iv) other terms, conditions and provisions as the parties and
AAW mutually desire. The Joint Access Agreement shall be recorded at Closing. The obligations of Purchaser hereunder to consummate the transactions contemplated hereby are subject to the Joint Access Agreement being executed and recorded at Closing.

 In Addition, as soon as practicable following the Closing and Purchaser’s construction of improvements upon the Land
pursuant to its development plans, the parties agree that the Joint Access Agreement shall be amended to provide for a grant by Purchaser to AAW of a non-exclusive access easement (the “AAW Easement”) providing vehicular and pedestrian
access from the AAW Tract over and across a portion of the Land (the “AAW Easement Tract”) to Southwest Parkway, subject to the following terms and conditions: 
  

 2 

	 	(a)	 Promptly upon the completion of Purchaser’s construction of improvements upon the Land, (i) AAW, at its sole cost and expense, shall cause
Bury & Partners to prepare a survey of the paved areas upon the Land designated by Purchaser which constitute the AAW Easement Tract, with an accompanying legal description of the AAW Easement Tract; and (ii) such legal description
shall be attached as an exhibit to the amendment to the Joint Access Agreement (the “Amendment”) in order to identify the location of the AAW Easement Tract. 

  

	 	(b)	 The Amendment shall provide that (i) the owner of the Land shall have the right, at any time and from time to time, to relocate the area of the AAW Easement
Tract and/or any roads, driveways, sidewalks, parking areas, and similar facilities now or hereafter located on the Land, any or all of which are used, established, designated or permitted for the AAW Easement, provided that no such relocation may
materially adversely interfere with the enjoyment of the AAW Easement; (ii) the use of the AAW Easement by AAW and its permittees shall be exercised in common with all persons permitted by the owner of the Land to use the Land, whether subject
to agreements now or hereafter existing; and (iii) the owner of the Land shall have the right, from time to time, to established rules and regulations governing the use of the Land and any roads, driveways, sidewalks, parking areas, and similar
facilities now or hereafter located thereon, provided that the owner of the Land shall use commercially reasonable efforts to implement and enforce such rules and regulations without discrimination. 

  

	 	(c)	 The Amendment shall further provide that (i) the owner of the Land shall have the right, at any time and from time to time, to construct upon the AAW
Easement Tract a gate or gates restricting access thereto to persons having automated access cards, provided the owner of the Land delivers to the owner of the AAW Tract fifty (50) automated access cards permitting access by AAW and its
permittees; and (ii) the owner of the Land shall have the right at any time to entirely deny access to the AAW Easement Tract by the owner of the AAW Tract and its permittees, provided that, if the owner of the Land so elects, thereupon the
Joint Access Agreement and all rights thereunder (including without limitation the rights of the owner of the Land and its permittees to use the Drive) shall terminate, and the parties shall execute, deliver to one another and record in the public
records of Travis County, Texas an agreement in recordable form, reasonable in form and substance, sufficient to reflect such termination. 

  

	 	(d)	 The Amendment shall prohibit the owner of the AAW Tract from altering or replacing the improvements on the AAW Tract and from 

  

 3 

	 	 
redeveloping the AAW Tract if any such alteration, replacement or redevelopment would have the effect of materially increasing the burden on the AAW Easement
Tract and/or causing the AAW Easement Tract to be in violation of any applicable restrictive covenants, laws or regulations (including without limitation any applicable traffic restrictions). 

  

	 	(e)	 The Amendment shall provide that the owner of the Land is responsible for maintaining the AAW Easement Tract at its sole expense. 

 

	 	(f)	 Purchaser covenants and agrees that, in the event Purchaser elects to market the Land for sale prior to developing the Land, Purchaser shall provide a true,
correct and complete copy of this Section 10 to any prospective transferee. 

  

	 	(g)	 In accordance with Section 6.13 of the Joint Access Agreement, Purchaser shall use commercially reasonable efforts (i) to obtain, on or before the date
of the Amendment, a written agreement from the holder of the deed of trust affecting the Land, in which such holder expressly agrees to subordinate such deed of trust to the Joint Access Agreement, so as to ensure that the Joint Access Agreement is
not extinguished through foreclosure; and (ii) to cause such written agreement to be recorded in the public records of Travis County, Texas concurrently with the recordation of the Amendment. 

  

	 	(h)	 The Amendment shall contain such other terms, conditions and provisions as the parties and AAW mutually desire. 

  

	 	(i)	 The provisions of this Section 10 shall survive the Closing. 

 3.        Except as amended hereby, the Agreement as originally written remains in full force and effect. 
 4.        This Fifth Amendment may be executed in multiple counterparts, which, when combined
together, shall constitute an original of this Fifth Amendment. In addition, facsimile signatures of the parties shall be effective on all counterparts of this Fifth Amendment. 
 5.        This Fifth Amendment, together with the Agreement, the Other Agreement and the Transfer Agreement, embodies the entire agreement of the parties
hereto, and incorporates all previous correspondence or communication, whether written or oral. The Agreement, as amended hereby, can only be further modified or varied by written instrument subscribed to by all parties hereto. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. 
 SIGNATURE PAGES FOLLOW.] 
  

 4 

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

	
	 SELLER:

	
	 

	 D. KENT LANCE, JR.

  

 5 

					
	 PURCHASER:

	
	 CHAMPION PARTNERS GROUP, LTD.

		
	 By:
	 	 Champion Partners Group GP, LLC, its general partner

			
		 	 By:
	 	 

		 	 Name:
	 	 Steve Modory

		 	 Title:
	 	 Vice President

  

 6Supporting Schedules and Exhibits to Credit Agreement

 Exhibit 10.8.1 
 ANNEX B 
 ADDRESSES FOR NOTICES 
 Wells Mid-Horizon Value-Added Fund I, LLC 
 6200 The Corners Parkway, Suite 250 
 Norcross, Georgia 30092-3365 
 Attention: Chris Daniels 
 Telephone: (770) 243-8594 
 Facsimile: (770) 243-8594 
 LASALLE BANK NATIONAL ASSOCIATION, as Administrative Agent, Issuing Lender and a Lender 
 Notices of Borrowing, Conversion, Continuation and Letter of Credit Issuance 
 135 South LaSalle Street 
 Chicago, Illinois 60603 
 Attention: Kathryn Schad 
 Telephone: (312) 992-4908 
 Facsimile: (312) 992-1324 
 All Other Notices

 135 South LaSalle Street 
 Chicago, Illinois 60603 
 Attention: Kathryn Schad 
 Telephone: (312) 992-4908 
 Facsimile: (312) 992-1324 

 Schedule 9.6 
 Litigation and Contingent Liabilities 
 None. 

 Schedule 9.8 
 Subsidiaries 
 None. 

 Schedule 9.16 
 Insurance 
 Attached. 

 

 

 

 

 

 
  

 

 
  

 Schedule 9.17 
 Real Property 
 None. 

 Schedule 9.21 
 Labor Matters 
 None. 

 Schedule 11.2 
 Existing Liens 
 None. 

 Schedule 11.11 
 Investments 
 None. 

 EXHIBIT A 
 FORM OF 
 NOTE 
                 ,                

 Chicago, Illinois 
 $                     
 The undersigned, for value received, promises to pay to the order of                      (the
“Lender”) at the principal office of LaSalle Bank National Association (the “Administrative Agent”) in Chicago, Illinois the aggregate unpaid amount of all Loans made to the undersigned by the Lender pursuant to the
Credit Agreement referred to below (as shown on the schedule attached hereto (and any continuation thereof) or in the records of the Lender), such principal amount to be payable on the dates set forth in the Credit Agreement. 
 The undersigned further promises to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such Loan
is paid in full, payable at the rate(s) and at the time(s) set forth in the Credit Agreement. Payments of both principal and interest are to be made in lawful money of the United States of America. 
 This Note evidences indebtedness incurred under, and is subject to the terms and provisions of, the Credit Agreement, dated as of
June 30, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms not otherwise defined herein are used herein as defined in the Credit Agreement), among the undersigned,
certain financial institutions (including the Lender) and the Administrative Agent, to which Credit Agreement reference is hereby made for a statement of the terms and provisions under which this Note may or must be paid prior to its due date or its
due date accelerated. 
 This Note is made under and governed by the laws of the State of Illinois applicable to contracts
made and to be performed entirely within such State. 
  

			
	 WELLS MID-HORIZON VALUE-ADDED FUND I, LLC,
 a Georgia Limited liability company

		
	 By:
	 	 Wells Investment Management Company, LLC,
 Its Manager

		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

 EXHIBIT B 
 FORM OF COMPLIANCE CERTIFICATE 
  

	To:	 LaSalle Bank National Association, as Administrative Agent 

 Please refer to the Credit Agreement dated as of June 30, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among
Wells Mid-Horizon Value - Added Fund I, LLC (the “Company”), various financial institutions and LaSalle Bank National Association, as Administrative Agent. Terms used but not otherwise defined herein are used herein as defined in
the Credit Agreement. 
  

								
	I.	  	         Reports. Enclosed herewith is a copy of the [annual audited/quarterly] report of the Company as at
            , 20     (the “Computation Date”), which report fairly presents in all material respects the financial condition and results
of operations of the Company as of the Computation Date and has been prepared in accordance with GAAP consistently applied.
	    
		
	II.	  	         Financial Tests. The Company hereby certifies and warrants to you that the following is a true and correct
computation as at the Computation Date of the following ratios and/or financial restrictions contained in the Credit Agreement. [Please attach all relevant calculations as schedule(s) to this certificate.]
	    
	 	 	 	 
	A.	  	 Section
 11.14.1
	  	Maximum Leverage Ratio (on and after the Financial Covenant Start Date)	  		 
	 	 	 	 
	 	  	(1)	  	Total Debt of the Company and its Subsidiaries as of the last day of such Fiscal Quarter	  	$                    	   
	 	 	 	 
	 	  	(2)	  	As of the last day of such Fiscal Quarter, for each Non-Stabilized Property, the most current “as is” Appraised Value for each such Non-Stabilized Property	  		 
	 	 	 	 
	 	  		  	(a) [Description of Non-Stabilized Property]	  	$                    	   
	 	  	 	  	(b) [Description of Non-Stabilized Property]	  	$                    
	   
	 	  	 	  	(c) [Continue to list Non Stabilized Properties, as applicable]	  	$                    
	   
	 	 	 	 
	 	  	(3)	  	Sum of (2)(a) through (2)(  )	  	$                    	   
	 	 	 	 
	 	  	(4)	  	As of the last day of such Fiscal Quarter, for each Stabilized Property, the lesser of (1) the “stabilized” Appraised Value for such Stabilized Property and (2) the Mortgageability
Amount for such Stabilized Property divided by 0.75%	  		 
	 	 	 	 
	 	  		  	(a) [Description of Stabilized Property]	  	$                    	   
	 	  	 	  	(b) [Description of Stabilized Property]	  	$                    
	   
	 	  	 	  	(c) [Continue to list Stabilized Properties, as applicable]	  	$                    
	   
	 	 	 	 
	 	  	(5)	  	Sum of 4(a) through (4)(  )	  	$                    	   
	 	 	 	 
	 	  	(6)	  	Sum of (3) and (5) – Borrowing Base Asset Value	  	$                    
	   

								
	 	 	 	 
	 	  	 (7)
	  	Corporate Asset Value	  	$                    	  
	 	 	 	 
	 	  	 (8)
	  	Sum of (6) and (7)	  	$                    	  
	 	 	 	 
	 	  	 (9)
	  	Ratio of (1) to (8) (expressed as a percentage)	  	                	% 
	 	 	 	 
	 	  	 (10)
	  	Maximum allowed percentage	  	70.000	% 
	 	 	 	 
	 B.
	  	 Section
 11.14.2
	  	Minimum Net Operating Income to Interest Expense Ratio (on and after the Financial Covenant Start Date)	  	 	 
	 	 	 	 
	 	  	 (1)
	  	Net Operating Income for the Company and its Subsidiaries for such Fiscal Quarter	  	$                    	  
	 	 	 	 
	 	  	 (2)
	  	Aggregate amount of all interest, charges and similar expenses paid by the Company and its Subsidiaries to a lender
(Including a Lender under the Credit Agreement) during such Fiscal Quarter in connection with borrowed money or the deferred purchase price of assets that are treated as Interest in accordance with GAAP	  	$                    	  
	 	 	 	 
	 	  	 (3)
	  	Ratio of (1) to (2)	  	         to 1.00	  
	 	 	 	 
	 	  	 (4)
	  	Minimum required ratio (for the period beginning on the Financial Covenant Start Date and ending on the twenty-four
month anniversary thereof)	  	1.35 to 1.00	  
	 	 	 	 
	 	  	 (5)
	  	Minimum required ratio (thereafter)	  	1.50 to 1.00	  
	 	 	 	 
	 C.
	  	 Section
 11.14.3
	  	Minimum Fixed Charge Coverage Ratio (on and after the Financial Covenant Start Date)	  	 	 
	 	 	 	 
	 	  	 (1)
	  	Net Operating Income for the Company and its Subsidiaries for such Fiscal Quarter	  	$                    	  
	 	 	 	 
	 	  	 (2)
	  	Aggregate amount of all interest, charges and similar expenses paid by the Company and its Subsidiaries to a lender
(Including a Lender under the Credit Agreement) during such Fiscal Quarter in connection with borrowed money or the deferred purchase price of assets that are treated as interest in accordance with GAAP	  	$                    	  
	 	 	 	 
	 	  	 (3)
	  	Aggregate amount of current maturities of that portion of Debt constituting principal during such Fiscal
Quarter	  	$                    	  
	 	 	 	 
	 	  	 (4)
	  	Amount of all cash distributors made by the Company to the holders of its Capital Securities during such Fiscal Quarter
	  	$                    	  

								
	 	 	 	 
	 	  	 (5)
	  	Sum of (2), (3) and (4)	  	$                    	  
	 	 	 	 
	 	  	 (6)
	  	Ratio of (1) to (5)	  	         to 1.00	  
	 	 	 	 
	 	  	 (7)
	  	Minimum required ratio (for the period beginning on the Financial Covenant Start Date and ending on the twenty-four
month anniversary thereof)	  	1.15 to 1.00	  
	 	 	 	 
	 	  	 (8)
	  	Minimum required ratio (thereafter)	  	1.30 to 1.00	  
	 	 	 	 
	 D.
	  	 Section 11.14.4
	  	Maximum Variable Rate Debt to Total Asset Value Ratio (on and after the Financial Covenant Start Date)	  	 	 
	 	 	 	 
	 	  	 (1)
	  	Total Debt for the Company and its Subsidiaries during such Fiscal Quarter which accrues interest at a variable (and
not a fixed) rate of interest	  	$                    	  
	 	 	 	 
	 	  	 (2)
	  	The aggregate value, as determined in accordance with GAAP, of the Company’s and its Subsidiaries’ assets
(including, without limitation, all Real Property Assets and all assets included in the calculation of Corporate Asset Value)	  	$                    	  
	 	 	 	 
	 	  	 (3)
	  	Ratio of (1) to (2) (expressed as a percentage)	  	                	% 
	 	 	 	 
	 	  	 (4)
	  	Maximum allowed percentage	  	30.000	% 
	 	 	 	 
	 E.
	  	 Section 11.14.5
	  	Limitation on Investments (on and after the Financial Covenant Start Date)	  	 	 
	 	 	 	 
	 	  	 (1)
	  	Corporate Asset Value	  	$                    	  
	 	 	 	 
	 	  	 (2)
	  	The aggregate amount of the Company’s and its Subsidiaries Investments in:	  	 	 
	 	 	 	 
	 	  	 	  	(a) unimproved real property or real property that does not constitute a Real Property Asset	  	$                    	  
	 	 	 	 
	 	  	 	  	(b) joint ventures not constituting Subsidiaries formed to engage in real estate activities permitted
hereunder	  	$                    	  
	 	 	 	 
	 	  	 	  	(c) real estate development projects	  	$                    	  
	 	 	 	 
	 	  	 	  	(d) any other asset than a Real Property Asset not described in items (a), (b) or (c) above	  	$                    	  
	 	 	 	 
	 	  	 (3)
	  	Sum of (2)(a) through (2)(d)	  	$                    	  
	 	 	 	 
	 	  	 (4)
	  	Ratio of (3) to (1) (expressed as a percentage)	  	                	% 

								
	 	 	 	 
	 	  	 (5)
	  	Maximum allowed percentage	  	30.000	% 
	 	 	 	 
	 	  	 (6)
	  	Ratio of (2)(a) to (1) (expressed as a percentage)	  	                	% 
	 	 	 	 
	 	  	 (7)
	  	Maximum allowed percentage	  	10.000	% 
	 	 	 	 
	 	  	 (8)
	  	Ratio of (2)(b) to (1) (expressed as a percentage)	  	                	% 
	 	 	 	 
	 	  	 (9)
	  	Maximum allowed percentage	  	15.000	% 
	 	 	 	 
	 	  	 (10)
	  	Ratio of (2)(c) to (1) (expressed as a percentage)	  	                	% 
	 	 	 	 
	 	  	 (11)
	  	Maximum allowed percentage	  	15.000	% 
	 	 	 	 
	 	  	 (12)
	  	Ratio of (2)(d) to (1) (expressed as a percentage)	  	                	% 
	 	 	 	 
	 	  	 (13)
	  	Maximum allowed percentage	  	5.000	% 
		
	III.	  	 The Company hereby certifies and warrants to you that the following is a true and correct computation as at the Computation Date of the following Borrowing Base
Requirements contained in the Credit Agreement. [Please attach all relevant calculations as schedule(s) to this certificate.]
	    
	 	 	 	 
	 A.
	  	 	  	 	  	 	 
	 	  	(1)	  	Net Operating Income for the Borrowing Base Properties	  	$                    	  
	 	 	 	 
	 	  	(2)	  	Implied Debt Service	  	$                    	  
	 	 	 	 
	 	  	(3)	  	Ratio of (1) to (2)	  	         to 1.00	  
	 	 	 	 
	 	  	(4)	  	Minimum required ratio (for the period beginning on the Financial Covenant Start Date and ending on the twenty four
month anniversary thereof)	  	1.15 to 1.00	  
	 	 	 	 
	 	  	(5)	  	Minimum required ratio (thereafter)	  	1.25 to 1.00	  
	 	 	 	 
	 B.
	  	 	  	 	  	 	 
	 	  	(1)	  	Aggregate amount of Net Operation Income for Non-Stabilized Properties	  	$                    	  
	 	 	 	 
	 	  	(2)	  	For the period beginning twelve months after the Financial Covenant Start Date and ending on the twenty four month
anniversary of the Financial Covenant Start Date, does (1) exceed 50% of Net Operating Income for all Borrowing Base Properties?	  	Yes/No	  

								
	 	 	 	 
	 	  	(3)	  	Thereafter, does (1) exceed 25% of Net Operating Income for all Borrowing Base Properties?	  	Yes/No	  
	 	 	 	 
	C.	  	 	  	 	  	 	 
	 	  	(1)	  	Net Operating Income for the space within those Borrowing Base Properties rented or leased by Dark Tenants	  	$                    	  
	 	 	 	 
	 	  	(2)	  	For the period beginning on the Financial Covenant Start Date and ending on the nine month anniversary thereof, does
(1) exceed 50% of Net Operating Income for all Borrowing Base Properties?	  	Yes/No	  
	 	 	 	 
	 	  	(3)	  	Thereafter, does (1) exceed 25% of Net Operating Income for all Borrowing Base Properties?	  	Yes/No	  
	 	 	 	 
	 	  	(4)	  	Net Operating Income for the space within those Borrowing Base Properties leased or rented by Non-Investment Grade Dark
Tenants	  	$                    	  
	 	 	 	 
	 	  	(5)	  	Does (4) exceed 50% of the aggregate Net Operating Income for all the space within those Borrowing Base Properties
leased or rented by Dark Tenants?	  	Yes/No	  
	 	 	 	 
	D.	  	 	  	 	  	 	 
	 	  	(1)	  	Aggregate principal amount of the Obligations	  	$                    	  
	 	 	 	 
	 	  	(2)	  	Borrowing Base Asset Value [from II.A(6) above]	  	$                    	  
	 	 	 	 
	 	  	(3)	  	Ratio of (1) to (2) (expressed as a percentage)	  	                	% 
	 	 	 	 
	 	  	(4)	  	Maximum allowed percentage	  	70.000	% 
	 	 	 	 
	E.	  	 	  	 	  	 	 
	 	  	(1)	  	Is at least 50% of each Borrowing Base Property subject to rental or lease arrangements with tenants or
lessees?	  	Yes/No	  
	 	 	 	 
	F.	  	 	  	 	  		 
	 	  	(1)	  	For the period beginning on the Financial Covenant Start Date and ending on the twelve
month anniversary thereof, are at least 65% of the Borrowing Base Properties, taken as a whole, subject to rental or lease arrangements with tenants or lessees?	  	Yes/No	  
	 	 	 	 
	 	  	(2)	  	Thereafter, are at least 75% of the Borrowing Base Properties, taken as a whole, subject to rental or lease
arrangements with tenants or lessees?	  	Yes/No	  

								
	G.	  	 	  	 	  	 	 
	 	  	(1)	  	Aggregate principal amount of the Obligations	  	$                    	   
	 	 	 	 
	 	  	(2)	  	On or after the Financial Covenant Start Date, with respect to all Non-Stabilized Properties, does (1) exceed 75% of
the most current “as-is” Appraised Value for each such Non-Stabilized Property as it appears in the most recent appraisal approved by the Administrative Agent for such Non-Stabilized Property?	  	Yes/No	  
	 	 	 	 
	 	  	(3)	  	On or after the Financial Covenant Start Date, with respect to all Stabilized Properties, does (1) exceed the lesser of (x) 75% of the most current
“stabilized” Appraised Value for each such Stabilized Property as it appears in the most recent appraisal approved by the Administrative Agent for such Stabilized Property and (y) the Mortgageability Amount for such Stabilized Property?
	  	Yes/No	  
	 	 	 	 
	H.	  	 	  	 	  	 	 
	 	  	(1)	  	On or after the Financial Covenant Start Date, does each Real Property Asset constituting Collateral quality as a
Borrowing Base Asset?	  	Yes/No	  
		
	IV.	  	 The Company hereby certifies and warrants to you that the following is a true and correct computation as at the Computation Date of the following Company
Portfolio Requirements contained in the Credit Agreement. [Please attach all relevant calculations as schedule(s) to this certificate.]
	    
	 	 	 	 
	A.	  	 	  	 	  	 	 
	 	  	(1)	  	For the period beginning on the Financial Covenant Start Date, and ending on the twelve month anniversary thereof, are at least 65% of the Real Property
Assets taken as a whole subject to rental or lease arrangements with tenants or lessees, with occupancy being determined on a weighted average basis for all of the Borrowing Base Properties?	  	Yes/No	  
	 	 	 	 
	 	  	(2)	  	Thereafter, are at least 75% of the Real Property Assets taken as a whole subject to rental or lease arrangements with
tenants or lessees, with occupancy being determined on a weighted average basis for all of the Borrowing Base Properties?	  	Yes/No	  
	 	 	 	 
	B.	  	 	  	 	  		 
	 	  	(1)	  	From and after the eighteenth month after the Financial Covenant Start Date, does more
than 20% of Net Operating Income arise from any single Real Property Asset?	  	Yes/No	  
	 	 	 	 
	 	  	(2)	  	From and after the eighteenth month after the Financial	  	 	 

								
	 	 	 	 
	 	  	 	  	Covenant Start Date, does more than 40% of Net Operating Income shall arise from any one multiple statistical area (as
each such area shall be identified by the Company and approved by the Administrative Agent)?	  	Yes/No	  
	 	 	 	 
	 	  	(3)	  	From and after the eighteenth month after the Financial Covenant Start Date, does more than 20% of Net Operating Income
shall arise from any single tenant or lessor (as determined based upon all of the space rented or leased by such tenant or lessor)?	  	Yes/No	  
		
	V.	  	The Company hereby certifies and warrants to you that the following is a true and correct computation as at the Computation Date of the following in connection with the
Guarantors’ obligations under the Guaranty and Collateral Agreement [Please attach all relevant calculations (including all EBITDA components) as schedule(s) to this certificate.]	    
	 	 	 	 
	 	  	 (1)
	  	 EBITDA
	  	$                    	   
	 	 	 	 
	 	  	 (2)
	  	Aggregate amount of net proceeds since the Closing Date resulting from the Company’s sale, transfer, or assignment
of its Capital Securities	  	$                    	   
	 	 	 	 
	 	  	 (3)
	  	Sum of (1) and (2)	  	$                    	   
	 	 	 	 
	 	  	 (4)
	  	Is the amount in (3) less than $30,000,000?	  	Yes/No	  
	 	 	 	 
	 	  	 (5)
	  	Is the amount in (3) less than $20,000,000?	  	Yes/No	  
	 	 	 	 
	 	  	 (6)
	  	If the Company has answered “Yes” to either Item (4) or item (5), the Guarantors are required to remain
subject to the Guaranty and Collateral Agreement. See such agreement for such guaranty requirement.	  	 	 

 The Company further certifies to you that no Event of Default or Unmatured Event
of Default has occurred and is continuing. 
 The Company has caused this Certificate to be executed and delivered by its
duly authorized officer on             , 20    . 
  

			
	WELLS MID-HORIZON VALUE-ADDED FUND I, LLC,
	a Georgia limited liability company
		
	By:	 	Wells Investment Management Company, LLC.
		 	Its Manager
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT C 
 FORM OF 
 ASSIGNMENT AGREEMENT 
 Date:                      
  

	To:	 Wells Mid-Horizon Value - Added Fund I, LLC 

 and 
 LaSalle Bank National Association, as Administrative Agent 
  

	Re:	 Assignment under the Credit Agreement referred to below 

 Gentlemen and Ladies: 
 Please refer to Section 15.6.1 of the Credit Agreement dated as
of June 30, 2006 (as amended or otherwise modified from time to time, the “Credit Agreement”) among Wells Mid-Horizon Value – Added Fund I, LLC (the “Company”), various financial Institutions and LaSalle
Bank National Association, as administrative agent (in such capacity, the “Administrative Agent”). Unless otherwise defined herein or the context otherwise requires, terms used herein have the meanings provided in the Credit
Agreement. 
                      (the “Assignor”) hereby sells and assigns, without recourse, to
                     (the “Assignee”), and the Assignee hereby purchases and assumes from the Assignor, that interest in and
to the Assignor’s rights and obligations under the Credit Agreement as of the date hereof equal to     % of all of the Loans, of the participation interests in the Letters of Credit and of the Commitments, such sale,
purchase, assignment and assumption to be effective as of             ,          or such later date on which the Company and the
Administrative Agent shall have consented hereto (the “Effective Date”). After giving effect to such sale, purchase, assignment and assumption, the Assignee’s and the Assignor’s respective Percentages for purposes of the
Credit Agreement will be as set forth opposite their names on the signature pages hereof. 
 The Assignor hereby instructs
the Administrative Agent to make all payments from and after the Effective Date in respect of the interest assigned hereby directly to the Assignee. The Assignor and the Assignee agree that all interest and fees accrued up to, but not including, the
Effective Date are the property of the Assignor, and not the Assignee. The Assignee agrees that, upon receipt of any such interest or fees, the Assignee will promptly remit the same to the Assignor. 
 The Assignor represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder and that
such interest is free and clear of any adverse claim. 
 The Assignee represents and warrants to the Company and the
Administrative Agent that, as of the date hereof, the Company will not be obligated to pay any greater amount under Section 7.6 or 8 of the Credit Agreement than the Company is obligated to pay to the Assignor under such Section. [The Assignee
has delivered, or is delivering concurrently herewith, to the Company and the Administrative Agent the forms required by Section 7.6 of the Credit Agreement.] [INSERT IF ASSIGNEE IS ORGANIZED UNDER THE LAWS OF A JURISDICTION OTHER THAN THE
UNITED STATES OF AMERICA OR A STATE THEREOF.] The [Assignee/Assignor] [Company] shall pay the fee payable to the Administrative Agent pursuant to Section 15.6.1. 

 The Assignee hereby confirms that it has received a copy of the Credit Agreement. Except
as otherwise provided in the Credit Agreement, effective as of the Effective Date: 
  

	 	(a)	 the Assignee (i) shall be deemed automatically to have become a party to the Credit Agreement and to have all the rights and obligations of a
“Lender” under the Credit Agreement as if it were an original signatory thereto to the extent specified in the second paragraph hereof; and (ii) agrees to be bound by the terms and conditions set forth in the Credit Agreement as if it
were an original signatory thereto; and 

  

	 	(b)	 the Assignor shall be released from its obligations under the Credit Agreement to the extent specified in the second paragraph hereof.

 The Assignee hereby advises each of you of the following administrative details with respect to the
assigned Loans and Commitment: 
  

	 	(A)	 Institution Name: 

 Address: 
 Attention: 
 Telephone: 
 Facsimile: 
  

	 	(B)	 Payment Instructions: 

 This Assignment shall be governed by and construed in accordance with the laws of the State of Illinois 
 Please
evidence your receipt hereof and your consent to the sale, assignment, purchase and assumption set forth herein by signing and returning counterparts hereof to the Assignor and the Assignee. 
  

									
	 Percentage =     %
	 		 	 [ASSIGNEE]

				
		 		 	 By:
	 	  

		 		 	 Title:
	 	  

			
	 Adjusted Percentage =     %
	 		 	 [ASSIGNOR]

				
		 		 	 By:
	 	  

		 		 	 Title:
	 	  

 ACKNOWLEDGED AND CONSENTED TO 
 this      day of             ,          
  

			
	 LASALLE BANK NATIONAL ASSOCIATION,
 as
Administrative Agent

		
	By:	 	  

	Title:	 	  

 ACKNOWLEDGED AND CONSENTED TO 
 this      day of             , 
  

			
	 WELLS MID-HORIZON VALUE-ADDED FUND I, LLC,
 a Georgia limited liability company

		
	By:	 	 Wells Investment Management Company, LLC,
 Its Manager

		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT D 
 FORM OF NOTICE OF BORROWING 
 To:                LaSalle Bank National Association, as Administrative Agent 
 Please refer to the Credit Agreement dated as of June 30, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Wells
Mid-Horizon Value - Added Fund I, LLC (the “Company”), various financial institutions and LaSalle Bank National Association, as Administrative Agent. Terms used but not otherwise defined herein are used herein as defined in the
Credit Agreement. 
 The undersigned hereby gives irrevocable notice, pursuant to Section 2.2.2 of the credit
Agreement, of a request hereby for a borrowing as follows: 
 (i) The requested borrowing date for the proposed borrowing
(which is a Business Day) is             ,         . 
 (ii) The aggregate amount of the proposed borrowing is $                 . 
 (iii) The type of Revolving Loans comprising the proposed borrowing are [Base Rate] [LIBOR] Loans. 
 (iv) The duration of the Interest Period for each LIBOR Loan made as part of the proposed borrowing, if applicable, is
                     months (which shall be 1,2,3 or 6 months). 
 The undersigned hereby certifies that on the date hereof and on the date of borrowing set forth above, and immediately after giving effect to the borrowing requested hereby: (i) there exists
and there shall exist no Unmatured Event of Default or Event of Default under the Credit Agreement; (ii) the Borrowing Base Requirements have been satisfied and will remain satisfied after giving effect to the Loan described herein, and the
Borrowing Base Property Conditions have been satisfied with respect to any Real Property Asset added to the Collateral contemporaneously with such Loan, and (iii) each of the representations and warranties contained in the Credit Agreement and
the other Loan Documents is true and correct as of the date hereof, except to the extent that such representation or warranty expressly relates to another date and except for changes therein expressly permitted or expressly contemplated by the
Credit Agreement. 
 The Company has caused this Notice of Borrowing to be executed and delivered by its officer thereunto
duly authorized on             ,         . 
  

			
	 WELLS MID-HORIZON VALUE-ADDED FUND I, LLC,
 a Georgia limited liability company

		
	By:	 	 Wells Investment Management Company, LLC,
 Its Manager

		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT E 
 FORM OF NOTICE OF CONVERSION/CONTINUATION 
 To:                LaSalle Bank National Association, as Administrative Agent 
 Please refer to the Credit Agreement dated as of June 30, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Wells
Mid-Horizon Value - Added Fund I, LLC (the “Company”), various financial institutions and LaSalle Bank National Association, as Administrative Agent. Terms used but not otherwise defined herein are used herein as defined in the
Credit Agreement. 
 The undersigned hereby gives irrevocable notice, pursuant to Section 2.2.3 of the Credit
Agreement, of its request to: 
 (a) on [ date ] convert
$[                ] of the aggregate outstanding principal amount of the
[                ] Loan, bearing interest at the [                ] Rate,
into a(n) [                ] Loan [and, in the case of a LIBOR Loan, having an Interest Period of [    ] month(s)]; 
 [(b) on [ date ] continue $[                ] of
the aggregate outstanding principal amount of the [                ] Loan, bearing interest at the LIBOR Rate, as a LIBOR Loan having an Interest Period of
[    ] month(s)] . 
 The undersigned hereby represents and warrants that all of the conditions
contained in Section 12.2 of the Credit Agreement have been satisfied on and as of the date hereof, and will continue to be satisfied on and as of the date of the conversion/continuation requested hereby, before and after giving effect
thereto. 
 The Company has caused this Notice of Conversion/Continuation to be executed and delivered by its officer
thereunto duly authorized on             ,         . 
  

			
	 WELLS MID-HORIZON VALUE-ADDED FUND I, LLC,
 a Georgia limited liability company

		
	By:	 	 Wells Investment Management Company, LLC,
 Its Manager

		
	 By:
	 	  

	 Name:
	 	
	 Title:

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