Document:

EX-10.1

 Exhibit 10.1 

PURCHASE AND SALE AGREEMENT 

BY AND BETWEEN 
 SCCP
CENTRAL VALLEY LIMITED PARTNERSHIP 
 as Seller 

and 
 GULF ISLAMIC
INVESTMENTS LLC 
 as Purchaser 

3501 Corporate Parkway 
 Center
Valley, Pennsylvania 

 PURCHASE AND SALE AGREEMENT 

This PURCHASE AND SALE AGREEMENT (this “Agreement”), is made and entered into this 2nd day of
February, 2016 (the “Effective Date”) by and between SCCP CENTRAL VALLEY LIMITED PARTNERSHIP, a Delaware limited partnership (“Seller”), and GULF ISLAMIC INVESTMENTS LLC, an Abu Dhabi
limited liability company (“Purchaser”). 
 ARTICLE I. 

SALE AND PURCHASE OF THE PROPERTY 

1.01     Agreement to Sell and Convey. Seller hereby agrees to sell and convey to Purchaser, and
Purchaser hereby agrees to purchase from Seller, subject to the terms and conditions hereinafter set forth, (a) the land lying and being situated in Lehigh County, Pennsylvania which is described on Exhibit “A” attached
hereto and made a part hereof for all purposes, together with all right, title and interest of Seller in and to all rights, easements and rights-of-way appurtenant thereto (collectively, the
“Land”), (b) all of the buildings and improvements located on the Land (collectively, the “Improvements”), (c) all of Seller’s
rights as landlord under that certain Lease by and between Rosewood Real Estate Enterprises, L.L.C., a New Jersey limited liability company (“Original Landlord”), and Dun & Bradstreet,
Inc., a Delaware corporation (“Original Tenant”) dated as of January 31, 2006, as amended by that certain Amendment to Lease dated December 14, 2006 made by and between Rosewood Real
Estate Enterprises, LP, a Delaware limited partnership (“First Intermediate Landlord”), the successor-in-interest to Original Landlord, and Original Tenant, and as further amended by that certain
Second Amendment to Lease dated as of May, 2013 made by and between GE Commercial Finance Business Property Corporation, a Delaware corporation (“Second Intermediate Landlord”), the
successor-in-interest to the First Intermediate Landlord, and Original Tenant and as further amended by that certain Third Amendment to Lease dated May 22, 2015 by and between Seller as the successor-in-interest to all right, title, and
interest of Second Intermediate Landlord and The Dun & Bradstreet Corporation, a Delaware corporation, successor in interest to Dun & Bradstreet, Inc. (“Tenant”) covering the Land
and the Improvements (as amended and assigned, the “Lease”), (d) all of Seller’s right, title and interest, if any, in and to all fixtures, equipment and other personal property owned by
Seller and located on the Land (the “Tangible Property”), and (e) to the extent transferrable without the consent of any third party, all of Seller’s rights, title and interest, if any,
in and to all unexpired warranties, permits, licenses, certificates of occupancy and other intangible items of personal property in effect with respect to the Land or the Improvements (the “Intangible
Property;” the Tangible Property and the Intangible Property are collectively called the “Personal Property”). The Land, the Improvements, the Lease, and the Personal
Property are collectively called the “Property.” 

1.02     Purchase Price. 

a.         Subject to Section 1.02(b) below, the purchase price (the
“Purchase Price”) to be paid by Purchaser for the Property shall be FORTY-FOUR MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($44,500,000.00). The Purchase Price shall be paid by delivery of immediately available funds to
Benchmark Title, LLC, 2000 McKinney Ave., 4th Floor, Dallas, Texas 75201, Attn: Ben Gibbins (the “Title Company”) on or before the Closing Date. 

  
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 b.         The Purchase Price may be
increased as described in this Section 1.02(b). Not later than the Business Day (as hereafter defined) immediately preceding the Closing Date, Purchaser shall deliver to Seller evidence
reasonably acceptable to Seller of the initial interest rate to be paid by Purchaser on the indebtedness incurred by Purchaser to acquire the Property (the “Profit Rate”) (with such indebtedness herein referred to as the
“Acquisition Loan”). If the Profit Rate is less than 5.05% per annum, the Purchase Price shall be increased by an amount determined by (i) subtracting the Profit Rate from 5.05, (ii) dividing the result
thereof by .01, and (iii) multiplying the result thereof by $44,000.00. By way of example only, if the Profit Rate is 5.00%, then the Purchase Price will be increased by $220,000.00 (5.05 – 5.00 = .05 ÷ .01 = 5 x $44,000.00 =
$220,000.00). In no event shall the Purchase Price be increased by more than $440,000.00 pursuant to this Section 1.02(b).  

c.         Notwithstanding anything to the contrary in this Section 1.02, if
Purchaser has not entered into, closed and received a disbursement of all or a portion of the proceeds from the Acquisition Loan (the “Acquisition Loan Closing”) on or prior to the Closing Date, then at Closing, Purchaser
shall deliver to the Title Company the amount of $440,000.00 to be held in escrow (the “Price Adjustment Escrow”). The Price Adjustment Escrow shall be held and distributed in accordance with the terms of a separate escrow
agreement (the “Price Adjustment Escrow Agreement”) to be entered into at Closing by and among Seller, Purchaser and the Title Company, the terms of which shall include, without limitation, the following: (i) within
three (3) Business Days after the Acquisition Loan Closing, Purchaser shall deliver written notice to Seller and the Title Company of the Profit Rate payable under the Acquisition Loan, and (ii) within three (3) Business Days after
receipt of such notice, the Title Company shall disburse to Seller from the Price Adjustment Escrow the amount payable to Seller under Section 1.02(b) (if any), and any remaining funds in the Price Adjustment Escrow shall be disbursed to
Purchaser, and (iii) if the Acquisition Loan Closing has not occurred on or before the date that is eighteen (18) months after the Closing Date, then the entire Price Adjustment Escrow shall be disbursed to Purchaser. 

1.03     Earnest Money Deposit. For the purpose of securing the performance of Purchaser under this
Agreement, within two (2) Business Days (as hereafter defined) following the Effective Date, Purchaser shall deliver to the Title Company, an earnest money deposit in the amount of Two Million and No/100 Dollars ($2,000,000.00) (the
“Escrow Deposit”). The Escrow Deposit shall be invested by the Title Company in a non-interest bearing account. The Escrow Deposit shall be held and disbursed by the Title Company in accordance
with the terms of this Agreement. At the Closing, upon written approval from Purchaser, the Escrow Deposit shall be transferred to the Title Company and applied to the Purchase Price. If Purchaser does not deliver the Escrow Deposit to the Title
Company within two (2) Business Days after the Effective Date, Seller shall have the right to terminate this Agreement by written notice delivered to Purchaser and upon any such termination this Agreement shall be of no further force or effect.

  
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 1.04     Inspection Period. 

a.         Purchaser shall have until March 2, 2016 (the “Inspection
Period”) within which to make all inspections and investigations desired by Purchaser with respect to the Property. If, within the Inspection Period, Purchaser determines that it does not desire to purchase the Property for any reason
or no reason, Purchaser shall have the right to terminate this Agreement by written notice delivered to Seller in accordance with Section 7.02 hereof at any time prior to 5:00 p.m. Eastern Standard Time (“EST”) on the
final day of the Inspection Period and upon any such termination, the Escrow Deposit shall be immediately returned to Purchaser and this Agreement shall be of no further force and effect, except for the obligations that expressly survive the
termination of this Agreement. If Purchaser fails to deliver written notice of the termination of this Agreement to Seller prior to 5:00 p.m. EST on the final day of the Inspection Period, then Purchaser shall have no further right to terminate this
Agreement pursuant to this Section 1.04(a). If this Agreement terminates for any reason other than Seller’s default hereunder, Purchaser shall promptly return and/or deliver to Seller all Property Information (as hereinafter
defined) and copies thereof. Additionally, if this Agreement terminates for any reason other than Seller’s default, Purchaser shall deliver to Seller copies of all third party reports, investigations and studies, other than economic analyses
(collectively, the “Reports”) prepared for Purchaser in connection with its due diligence review of the Property. The Reports shall be delivered to Seller without any representation or warranty as to the completeness or
accuracy of the Reports. Purchaser’s obligation to deliver the Property Information and the Reports to Seller shall survive any termination of this Agreement. 

b.         Purchaser and its agents and representatives shall be entitled to enter
upon the Property for customary non-intrusive and non-invasive inspections, testing and examinations prior to the Closing upon reasonable prior notice to Seller and subject to the rights of Tenant under the Lease. Purchaser must obtain Seller’s
prior written approval of the scope and method of any environmental testing or investigation and for any inspection which would alter the physical condition of the Property, prior to Purchaser’s commencement of such inspections, testing or
examination. Prior to entry upon the Property, Purchaser shall obtain and deliver to Seller a certificate of insurance naming Seller and Tenant as additional insured parties, designating the Property as the applicable location, and evidencing
liability insurance coverage with combined single limits of not less than $2,000,000.00. Purchaser shall not interfere with Tenant in connection with any such entry onto the Property; provided, however, Purchaser shall not be liable for any
preexisting conditions. Purchaser agrees to indemnify Seller and to hold and defend Seller harmless from and against any and all claims, demands, causes of action, damages, liabilities, costs and expenses including, without limitation, attorney fees
and court costs, which are asserted against, suffered or incurred by Seller as a result of any inspection, testing or examination of the Property by Purchaser, provided, Seller shall only be entitled to actual damages and shall not be entitled to
any consequential, punitive or other damages unless such consequential, punitive or other damages are payable to a third party. Purchaser further agrees that it shall be solely responsible for any and all costs associated with the inspections
described in this Section 1.04(b) and agrees to immediately discharge any liens that are filed against the Property as a result of such inspections. Immediately following each such inspection, Purchaser shall restore the Property to the
same condition as existed prior to such inspections. The obligations of Purchaser under this Section 1.04(b) shall survive the Closing and any termination of this Agreement. 

  
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 c.         PURCHASER ACKNOWLEDGES AND
AGREES THAT, EXCEPT AS EXPRESSLY PROVIDED IN AND LIMITED BY SECTION 4.01 BELOW AND THE DEED (AS DEFINED IN SECTION 3.02 BELOW), SELLER 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, EITHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE, OF, AS TO, CONCERNING OR WITH RESPECT TO (A) THE VALUE, NATURE, QUALITY OR CONDITION OF THE
PROPERTY, INCLUDING, WITHOUT LIMITATION, THE WATER, SOIL AND GEOLOGY, (B) THE INCOME TO BE DERIVED FROM THE PROPERTY, (C) THE SUITABILITY OF THE PROPERTY FOR ANY AND ALL ACTIVITIES AND USES WHICH PURCHASER MAY CONDUCT THEREON, (D) THE
COMPLIANCE OF OR BY THE PROPERTY OR ITS OPERATION WITH ANY LAWS, RULES, ORDINANCES OR REGULATIONS OF ANY APPLICABLE GOVERNMENTAL AUTHORITY OR BODY, (E) THE HABITABILITY, SUITABILITY, MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR FITNESS FOR
A PARTICULAR PURPOSE OF THE PROPERTY, (F) THE MANNER OR QUALITY OF THE CONSTRUCTION OR MATERIALS, IF ANY, INCORPORATED INTO ANY IMPROVEMENTS ON THE PROPERTY, (G)THE MANNER, QUALITY, STATE OF REPAIR OR LACK OF REPAIR OF THE PROPERTY,
(H) COMPLIANCE WITH ANY ENVIRONMENTAL LAWS (HEREINAFTER DEFINED) OR PROTECTION, POLLUTION OR LAND USE LAWS, RULES, REGULATIONS, ORDERS OR REQUIREMENTS, INCLUDING THE EXISTENCE IN, ON OR BENEATH THE LAND OF HAZARDOUS MATERIALS (HEREINAFTER
DEFINED), (I) THE PROPERTY INFORMATION (HEREINAFTER DEFINED), OR (J) ANY OTHER MATTER WITH RESPECT TO THE PROPERTY. ADDITIONALLY, NO PERSON ACTING ON BEHALF OF SELLER IS AUTHORIZED TO MAKE, AND BY PURCHASER’S EXECUTION HEREOF,
PURCHASER ACKNOWLEDGES THAT NO PERSON HAS MADE ANY REPRESENTATION, AGREEMENT, STATEMENT, WARRANTY, GUARANTY OR PROMISE REGARDING THE PROPERTY OR THE TRANSACTION CONTEMPLATED HEREIN, EXCEPT AS EXPRESSLY PROVIDED IN AND LIMITED BY SECTION 4.01
BELOW; AND NO SUCH REPRESENTATION, WARRANTY, AGREEMENT, GUARANTY, STATEMENT OR PROMISE, IF ANY, MADE BY ANY PERSON ACTING ON BEHALF OF SELLER SHALL BE VALID OR BINDING UPON SELLER, EXCEPT AS EXPRESSLY PROVIDED IN AND LIMITED BY SECTION 4.01
BELOW AND AS CONTAINED IN THE DEED. PURCHASER FURTHER ACKNOWLEDGES AND AGREES THAT HAVING BEEN GIVEN THE OPPORTUNITY TO INSPECT THE PROPERTY, PURCHASER IS RELYING SOLELY ON ITS OWN INVESTIGATION OF THE PROPERTY AND NOT ON ANY INFORMATION PROVIDED OR
TO BE PROVIDED BY SELLER. BY ITS ACCEPTANCE OF THE DEED AT THE CLOSING, PURCHASER SHALL, WITHOUT THE EXECUTION OF ANY ADDITIONAL DOCUMENT, WAIVE AND RELEASE ALL OBJECTIONS, SUITS, CAUSES OF ACTION, DAMAGES, LIABILITIES, LOSSES, DEMANDS, PROCEEDINGS,
EXPENSES AND CLAIMS AGAINST SELLER (INCLUDING, BUT NOT LIMITED TO, ANY RIGHT OR CLAIM OF CONTRIBUTION) ARISING FROM OR RELATED TO THE PROPERTY OR TO ANY HAZARDOUS MATERIALS IN, ON OR BENEATH THE LAND. PURCHASER FURTHER ACKNOWLEDGES AND AGREES THAT
ANY INFORMATION PROVIDED OR TO BE 

  
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PROVIDED WITH RESPECT TO THE PROPERTY WAS OBTAINED FROM A VARIETY OF SOURCES AND THAT SELLER HAS NOT MADE ANY INDEPENDENT INVESTIGATION OR VERIFICATION OF SUCH INFORMATION AND MAKES NO
REPRESENTATIONS AS TO THE ACCURACY, TRUTHFULNESS OR COMPLETENESS OF SUCH INFORMATION, EXCEPT AS EXPRESSLY PROVIDED IN AND LIMITED BY SECTION 4.01 BELOW. EXCEPT AS EXPRESSLY PROVIDED IN AND LIMITED BY SECTION 4.01 BELOW AND THE DEED,
SELLER IS NOT LIABLE OR BOUND IN ANY MANNER BY ANY ORAL OR WRITTEN STATEMENT, REPRESENTATION OR INFORMATION PERTAINING TO THE PROPERTY, OR THE OPERATION THEREOF, FURNISHED BY ANY REAL ESTATE BROKER, CONTRACTOR, AGENT, EMPLOYEE, SERVANT OR OTHER
PERSON. PURCHASER FURTHER ACKNOWLEDGES AND AGREES THAT TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE SALE OF THE PROPERTY AS PROVIDED FOR HEREIN IS MADE ON AN “AS IS, WHERE IS” CONDITION AND BASIS WITH ALL FAULTS, EXCEPT AS EXPRESSLY
PROVIDED IN AND LIMITED BY SECTION 4.01 BELOW AND THE DEED. IT IS UNDERSTOOD AND AGREED THAT THE PURCHASE PRICE FOR THE PROPERTY HAS BEEN ADJUSTED BY PRIOR NEGOTIATION TO REFLECT THAT ALL OF THE PROPERTY IS SOLD BY SELLER AND PURCHASED BY
PURCHASER SUBJECT TO THE FOREGOING. PURCHASER HEREBY AGREES TO INDEMNIFY, PROTECT, DEFEND, SAVE AND HOLD HARMLESS SELLER FROM AND AGAINST ANY AND ALL DEBTS, DUTIES, OBLIGATIONS, LIABILITIES, SUITS, CLAIMS, DEMANDS, CAUSES OF ACTION, DAMAGES, LOSSES,
FEES AND EXPENSES (INCLUDING, WITHOUT LIMITATION, ATTORNEYS’ FEES AND EXPENSES AND COURT COSTS) ARISING FROM AND AFTER CLOSING IN CONNECTION WITH OR ARISING OUT OF PURCHASER’S ACQUISITION, OWNERSHIP, LEASING, USE, OPERATION, MAINTENANCE OR
MANAGEMENT OF THE PROPERTY. THE PROVISIONS OF THIS SECTION 1.04(C) SHALL SURVIVE THE CLOSING OR ANY TERMINATION OF THIS AGREEMENT. THE PROVISIONS OF THIS SECTION 1.04(C) ARE AN IMPORTANT BASIS OF THE BARGAIN INDUCING SELLER TO CONVEY
THE PROPERTY. 
 For the purposes of this Agreement, “Environmental Law” means any State, Federal or
local law, code, ordinance or other legal requirement in effect at the Closing Date pertaining to (a) the protection of health, safety, and the indoor or outdoor environment, (b) the conservation, management, protection or use of natural
resources and wildlife, (c) the protection or use of source water and groundwater, (d) the management, manufacture, possession, presence, use, generation, transportation, treatment, storage, disposal, release, threatened release,
abatement, removal, remediation or handling of, or exposure to, any Hazardous Material, or (e) pollution (including any release to air, land, surface water, and groundwater); and includes, without limitation, the Comprehensive Environmental
Response, Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, 42 USC §§ 9601 et seq., Solid Waste Disposal Act, as amended by the Resource Conservation Act of 1976 and
Hazardous and Solid Waste Amendments of 1984, 42 USC §§ 6901 et seq., Federal Water Pollution Control Act, as amended by the Clean Water Act of 1977, 33 USC §§ 1251 et seq., Clean Air Act of 1966, as amended, 42 USC
§§ 7401 et seq., Toxic Substances Control Act of 1976, 15 USC §§ 2601 et seq., Hazardous Materials Transportation Act, 49 USC App. §§ 1801, Occupational Safety and Health Act of 1970, as amended, 29 USC
§§ 651 et seq., Oil Pollution Act of 1990, 33 USC §§ 2701 et seq., Emergency Planning and Community Right-to-Know Act 

  
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of 1986, 42 USC App. §§ 11001 et seq., National Environmental Policy Act of 1969, 42 USC §§ 4321 et seq., Safe Drinking Water Act of 1974, as amended by 42 USC
§§ 300(f) et seq., and any similar, implementing or successor law, any amendment, rule, regulation, order or directive, issued thereunder. 

For the purposes of this Agreement, “Hazardous Material” means any hazardous or toxic substance as
defined in or regulated by any Environmental Law in effect at the pertinent date or dates. 

d.         Notwithstanding anything contained herein to the contrary, if Purchaser
elects to terminate this Agreement for any reason and is entitled to receive a refund of the Escrow Deposit pursuant to the terms hereof, the Title Company shall first disburse to Seller the sum of one hundred dollars ($100.00) as independent
consideration for Seller’s performance under this Agreement, which sum shall be retained by Seller in all instances. 

e.         On or before the Effective Date, Seller shall deliver to Purchaser or make
available to Purchaser for review at the Property (to the extent in Seller’s possession or otherwise obtainable by Seller without material cost) the following items (the “Property Information”): 

 

	 	(i)	 A copy of the Lease (including all amendments thereto) and material Tenant correspondence;

  

	 	(ii)	 Copies of service contracts affecting the Property to which Seller is a party, if any; 

 

	 	(iii)	 The most recent survey of the Land and the Improvements, if any (the “Survey”);

  

	 	(iv)	 Copy of the most recently issued owner’s title insurance policy; 

 

	 	(v)	 Copies of the most recently obtained Phase I and Phase II (if applicable) environmental reports;

  

	 	(vi)	 Copies of the Tenant’s current certificates of insurance; 

 

	 	(vi)	 Copies of all certificates of occupancy; 

 

	 	(vii)	 As-built plans and specifications for the Property; 

 

	 	(viii)	 Copy of the current and/or most recent paid property tax bills for the Property (and any such bills that are
not yet due and payable) and the current notice of any proposed new assessment for the Property; 

  

	 	(ix)	 A list and copies of all unexpired warranties affecting the Property; 

 

	 	(x)	 An inventory list of all furniture, fixtures and equipment (if any) owned or leased by Seller in connection
with the Property; and 

  
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	 	(xi)	 A summary and copies of the pleadings relating to all currently pending or threatened claims or legal
proceedings against Seller and/or the Property. 

 Seller shall not be obligated to deliver or make available any Property
Information to Purchaser that has been provided to Purchaser prior to the Effective Date. At Seller’s option, all or parts of the Property Information may be delivered to Purchaser in electronic format. 

ARTICLE II. 
 SURVEY
AND TITLE COMMITMENT; PERMITTED EXCEPTIONS 
 2.01     Preliminary Title Report. Within
ten (10) days after the Effective Date, Seller shall cause the Title Company to issue and deliver to Purchaser a title commitment issued by the Title Company as agent for Old Republic National Title Insurance Company (the
“Title Insurer”) covering the Land and accompanied by copies of all recorded documents listed on such title commitment (collectively, the “Title
Commitment”). Purchaser shall deliver written notice to Seller and the Title Company (such notice being called the “Objection Notice”) on or before 5:00 p.m. EST on the
date that is ten (10) days after Purchaser receives the later of the Title Commitment and the Updated Survey (as hereinafter defined) (the “Title Objection Deadline”) if the condition of title
to the Land as set forth in the Title Commitment and the Updated Survey is not satisfactory. In the event Purchaser states in the Objection Notice that the condition of title to the Land is not satisfactory, Seller may (but shall not be obligated),
at Seller’s sole cost and expense, undertake to eliminate or modify all unacceptable matters described in the Objection Notice to the reasonable satisfaction of Purchaser. In the event Seller has not satisfied such objections within ten
(10) days after its receipt of the Objection Notice (such ten (10) day period being called the “Cure Period”), Purchaser may, at its option and as its sole remedy, either (a) accept
the Land subject to the objections raised by Purchaser, without an adjustment in the Purchase Price, in which event such objections shall be deemed to be waived for all purposes, or (b) terminate this Agreement by written notice delivered to
the Title Company and Seller prior to the later of (i) 5:00 p.m. EST on the date which is three (3) days after the final day of the Cure Period, or (ii) the final day of the Inspection Period, in which event the Escrow Deposit shall
be promptly returned to Purchaser by the Title Company and this Agreement shall be of no further force or effect. If Purchaser shall fail to deliver the Objection Notice prior to the Title Objection Deadline, Purchaser shall be conclusively deemed
to have approved the condition of the title to the Land as set forth in the Title Commitment and the Updated Survey, and all matters set forth therein shall be included within the Permitted Exceptions (as hereinafter defined). In the event the Title
Company amends or updates the Title Commitment after the expiration of the Cure Period to add new exceptions to coverage thereunder (any such amendment or update being called a “Title Update”),
Purchaser shall have the right to deliver the Objection Notice with respect to such new exception or exceptions to Seller within three (3) Business Days following its receipt of such Title Update. Should Purchaser fail to notify Seller in
writing of its objection to any exception first disclosed in a Title Update within such three (3) Business Day period, Purchaser shall be deemed to have approved such additional exception. In the event Seller fails to satisfy any such objection
within ten (10) days after its receipt of the Objection Notice with respect to any Title Update (such ten (10) day period being called the “Supplemental Cure Period”), Purchaser may, at
its option, and as its sole and exclusive remedy either (x) accept the 

  
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Land subject to the objections raised by Purchaser, without an adjustment in the Purchase Price, in which such objections shall be deemed to have been waived for all purposes or
(y) terminate this Agreement by written notice delivered to the Title Company and Seller prior to the later of (1) expiration of the Inspection Period and (2) 5:00 p.m. EST on the date which is three (3) days after the final day
of the Supplemental Cure Period, in which event the Escrow Deposit shall be promptly returned to Purchaser by the Title Company and this Agreement shall be of no further force or effect. 

2.02     Update to Survey. Seller shall obtain an updated ALTA survey prepared by Bock &
Clark that references the Title Commitment (the “Updated Survey”) and deliver a copy thereof to Purchaser. The cost of such update shall be paid by Purchaser. 

2.03     Permitted Exceptions. Seller’s interest in the Land shall be assigned to Purchaser
subject to any and all matters of record, and the easements, exceptions, restrictions and other encumbrances described in the Title Commitment and all matters on the Updated Survey and any and all matters that would be shown by an accurate survey of
the Land and which remain upon the expiration of the Cure Period. Such matters of record, easements, exceptions, restrictions, encumbrances, leases and other matters are collectively called the “Permitted
Exceptions.” The Permitted Exceptions will not include any mortgage or any other monetary encumbrance or lien created by, under or through Seller, and any such matters shall be discharged by Seller at or prior to the
Closing, regardless of whether Purchaser objects to such matters. Seller shall not be required to discharge any lien encumbering the Land as the result of any act or omission of Tenant. 

ARTICLE III. 

CLOSING 

3.01     Closing Date. The consummation of the transactions contemplated by this Agreement (the
“Closing”) shall take place in the offices of the Title Company, prior to 3:00 p.m. EST on March 14, 2016 (“Closing Date”). 

3.02     Seller’s Obligations at Closing. At the Closing, Seller shall do the following: 

   a.         Execute, acknowledge, and deliver to the Title Company a
special warranty deed (the “Deed”) in the form of the deed attached hereto as Exhibit “B” and made a part hereof for all purposes, conveying the Land and the Improvements to Purchaser, subject only to
the Permitted Exceptions. 
    b.         Execute, acknowledge and
deliver to the Title Company a bill of sale and assignment of the Lease (the “Assignment”) in the form as attached hereto as Exhibit “C” and made a part hereof for all purposes. Notwithstanding the
foregoing, Seller shall terminate, effective as of Closing, all property management and leasing agreements affecting the Property to which Seller is a party, if any. 

   c.         Execute and deliver to the Title Company a certification
of non-foreign status of Seller pursuant to Section 1445 of the Internal Revenue Code of 1986, as amended. 

  
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    d.         Execute and
deliver the Price Adjustment Escrow Agreement (if applicable). 

   e.         Execute and deliver to the Title Company a closing
statement and a customary affidavit of debts, liens and parties in possession in a form reasonably acceptable to Seller and Title Company to remove the standard exceptions from an owner’s title insurance policy which are capable of being
removed by such an affidavit. 
    f.         Deliver such
organizational and authority documents of Seller as the Title Company may reasonably require in connection with the Closing. 

   g.         Cause to be furnished and delivered to Purchaser an ALTA
owner policy of title insurance issued by the Title Insurer or a proforma policy or marked commitment from the Title Company on behalf of the Title Insurer to deliver same (the “Policy”) insuring a fee simple title to the
Land in Purchaser in a face amount equal to the Purchase Price and containing no exceptions other than the Permitted Exceptions. 

   h.         If required by the Lease or by applicable law, Seller
shall execute and deliver to the Title Company a notice advising Tenant of the sale of the Property. 

3.03     Purchaser’s Obligations at Closing. Contemporaneously with the performance by Seller
of its obligations set forth in Section 3.02 above, Purchaser shall do the following at the Closing: 

   a.         Pay to Seller (or cause the Title Company to pay to
Seller) the Purchase Price as provided in Section 1.02 above. 

   b.         Execute and deliver the Assignment to the Title Company.

    c.         Execute and deliver the Price Adjustment Escrow
Agreement (if applicable). 
    d.         Deliver such
organizational and authority documents of Purchaser as the Title Company may reasonably require in connection with the Closing. 

   e.         Execute and deliver such other documents as the Title
Company may reasonably require in connection with the Closing including, without limitation, a closing statement. 

3.04     Closing Costs. Seller shall pay (i) one-half of all state, county and local taxes
payable in connection with the transfer of the Property (collectively, the “Transfer Taxes”), and (ii) one-half of the escrow fees (if applicable). Purchaser shall pay (a) the costs of recording the Deed,
(b) all title insurance costs (except the costs to cure any title objections in accordance with Article II hereof), (c) one-half of the Transfer Taxes, (d) one-half of the escrow fees, and (e) any costs required to update, revise
or recertify the Survey. Except as provided in Section 7.11 below, Seller and Purchaser shall each pay their own legal fees in connection with this Agreement. 

  
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 3.05     Conditions to Purchaser’s Obligations.
Purchaser’s obligation to purchase the Property under this Agreement is subject to the satisfaction of each of the following conditions, any of which may be waived in whole or in part only in writing by Purchaser at or prior to the Closing
Date: 
    a.         Seller shall have delivered to the Title
Company the items described in Section 3.02 above and shall otherwise have performed its obligations under Section 3.02 above. 

   b.         There shall be no material breach of any of
Seller’s representations and warranties set forth in Section 4.01 below as of the Closing Date. 

   c.         Seller shall have obtained and delivered to Purchaser
not less than three (3) Business Days prior to Closing an estoppel certificate executed by Tenant (the “Tenant Estoppel”) pursuant to the Lease, in the form reasonably acceptable to Purchaser or the specified form
attached to or described in the Lease (if applicable), containing content reasonably acceptable to Purchaser and dated within thirty (30) days of the Closing Date. Purchaser shall have the right to reject Tenant Estoppel if (1) all blanks
in the Tenant Estoppel are not completed, (2) all exhibits are not completed and attached, as applicable, or (3) it discloses (i) any material discrepancy from Seller’s representations made in Section 4.01 hereof or the
Property Information provided to Purchaser, (ii) any Lease amendment, assignment or subletting that was not previously provided by Seller to Purchaser and which is not reasonably acceptable to Purchaser, (iii) any option or right to
acquire the Property that has not been waived, or (iv) any adverse claim or landlord default is disclosed therein. 

   d.         If the Property is subject to restrictive covenants or a
similar agreement, Seller shall have delivered to Purchaser an estoppel certificate from the declarant or owners’ association governing the Property (the “Declaration Estoppel Certificate”) dated not earlier than 30 days
prior to Closing, stating that, all dues, assessments and other charges are paid current (and stating the date through which such charges are paid), that all declarant or association approvals necessary for the development of the Property have been
given, and that to such association’s knowledge, there are no defaults by the owner of the Property, and that the improvements comply with all covenants, conditions, restrictions and requirements of the recorded declaration. 

If any of the conditions set forth in this Section 3.05 are not satisfied as of the Closing Date, and such condition remains unsatisfied
for a period of five (5) days after Purchaser delivers written notice thereof to Seller, Purchaser shall have the right, as its sole and exclusive remedy, to terminate this Agreement and upon any such termination, the Escrow Deposit shall be
refunded to Purchaser. 
 3.06     Conditions to Seller’s Obligations. Seller’s
obligation to sell the Property under this Agreement is subject to the satisfaction of each of the following conditions, any of which may be waived in whole or in part only in writing by Seller at or prior to the Closing Date: 

   a.         Purchaser shall have delivered to the Title Company the
items described in Section 3.03 above and shall otherwise have performed its obligations under Section 3.03 above. 

  
 10 

    b.         There shall
be no material breach of any of Purchaser’s representations and warranties or covenants set forth in Section 4.02 below as of the Closing Date. 

If any of the foregoing conditions set forth in this Section 3.06 is not satisfied as of the Closing Date, and such condition remains
unsatisfied for a period of five (5) days after Seller delivers written notice thereof to Purchaser, Seller shall have the right, as its sole and exclusive remedy, to terminate this Agreement and upon any such termination, the Escrow Deposit
shall be paid to Seller. 
 3.07     Prorations. The following items shall be prorated between
Seller and Purchaser (with Purchaser deemed to be holding title as of the Closing Date): 

   a.         All rent and other charges payable or to be reimbursed
to the Landlord under the Lease for the month in which the Closing occurs which has been collected by Seller as of the Closing Date shall be prorated between Seller and Purchaser as of 12:01 a.m. EST on the Closing Date. All rents and other charges
due under the Lease for the month in which the Closing occurs which have not been collected by Seller pursuant to the Lease as of the Closing Date shall not be prorated, provided, the proration of rent for the month in which Closing occurs shall be
calculated on the full amount of the Fixed Rent (as defined in the Lease) and shall not account for any abatement provided under the Lease. Following the Closing, Purchaser will use reasonable efforts to collect any rents and other charges under the
Lease which are due to Seller for the period before the Closing Date, but Purchaser shall not be obligated to spend any money or take legal action to collect any such amounts. In the event Purchaser collects rents or other charges after the Closing
which were delinquent or due to Seller as of the Closing Date, then Purchaser shall retain the amount, if any, owing to Purchaser for the period following the Closing Date and promptly remit the balance thereof to Seller. 

   b.         This Section 3.07 shall survive the Closing. 

ARTICLE IV. 

REPRESENTATIONS AND WARRANTIES AND COVENANTS 

4.01     Representations and Warranties of Seller. Seller hereby represents and warrants to
Purchaser, both as of the Effective Date and as of the Closing Date, as follows: 

   a.         Seller has all requisite power and authority, and has
taken all actions required by its organizational documents to authorize it to execute and deliver this Agreement. The individual executing this Agreement and any other documents and instruments executed by Seller pursuant hereto has the legal power,
right, and actual authority to bind Seller to the terms and conditions hereof and thereof. 

   b.         Seller is not a “foreign person” as that term
is defined in Section 1445 of the Internal Revenue Code of 1986, as amended, and any applicable regulations promulgated thereunder. 

  
 11 

    c.         Except for
amendments delivered to Purchaser as part of the Property Information, the Lease has not been modified, and to Seller’s actual knowledge, the Lease is in full force and effect. Seller has not notified Tenant that Tenant is in default, Seller
has not received any notice from Tenant that Seller is in default under the Lease, Seller has no actual knowledge of any existing or uncured default, or any claim of default, under the Lease. There are no rental, lease or other commissions now or
hereafter payable to any person or entity with respect to the current term of the Lease. Seller has completed and paid for all tenant improvements and paid all tenant improvement allowances required by the Lease for the current term of the Lease.
From and after Closing, Purchaser in its capacity as the landlord under the Lease will not have any further obligation to pay Tenant for any tenant improvements and tenant improvement allowances required by the Lease for the current term of the
Lease. There is no unrecorded right, agreement, lease, option, right of first refusal or any other similar document, pursuant to which Seller grants a third party the right to purchase, transfer, lease or occupy all or any portion of the Property,
except for this Agreement and the Lease. 
    d.         There are
no actions, suits or proceedings pending or, to the actual knowledge of Seller, threatened against Seller or the Property. 

   e.         Seller has not received written notice of (i) any
condemnation action which is pending or being contemplated with respect to the Property or any portion thereof, (ii) or any taxes or assessments levied against the Property other than ad valorem taxes and assessments. 

   f.         Seller has not received any written notice from any
governmental authority of any uncured violation of any zoning, building, fire, environmental or health code or any other statute, ordinance, rule, regulation or order applicable to the Property, or any part thereof, that will not have been corrected
prior to Closing. 
    g.         As used herein, Seller’s
actual knowledge is limited to the current actual knowledge of the officer of Seller’s general partner who executes this Agreement. Such officer is the officer of Seller’s general partner with the best knowledge of the matters described in
this Section 4.01. Such officer shall have no personal liability under this Agreement. 

   h.         All representations and warranties of Seller and
Purchaser hereunder shall survive the Closing for a period of one hundred eighty (180) days after the Closing Date; provided, however, that any claim based upon any alleged breach thereof must be asserted in writing within one hundred eighty
(180) days after the Closing Date and no claim asserted after the date which is one hundred eighty (180) days after the Closing Date shall be valid or enforceable. The covenants set forth in Section 4.03 below shall not survive the
Closing. No claim for a breach of any representation or warranty of Seller shall be actionable or payable: (i) if the breach in question results from or is based on a condition, state of facts or other matter of which Purchaser had knowledge
prior to the Closing; and (ii) unless both written notice containing a description of the specific nature of such breach shall have been given by Purchaser to Seller prior to the date that is one hundred eighty (180) days after the Closing
Date, and an action shall have been commenced by Purchaser against Seller to recover damages for such breach prior to the date that is two hundred forty (240) days after the Closing Date. In addition, the liability of Seller for a breach of any
representation or warranty of Seller shall be limited to the actual damages suffered by Purchaser that were proximately caused by such breach, and the aggregate liability of Seller for any and all such breaches shall be limited to FOUR
HUNDRED  

  
 12 

 
FORTY-FIVE THOUSAND AND NO/100 DOLLARS ($445,000.00). PURCHASER HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVES ANY RIGHT TO RECOVER FROM SELLER PURSUANT TO THIS SECTION
(A) ANY DAMAGES OTHER THAN ACTUAL DAMAGES (INCLUDING, WITHOUT LIMITATION, ANY PUNITIVE OR CONSEQUENTIAL DAMAGES), AND (B) ANY ACTUAL DAMAGES IN EXCESS OF FOUR HUNDRED FORTY-FIVE THOUSAND AND NO/100 DOLLARS ($445,000.00).
 
 4.02     Representations and Warranties of Purchaser. Purchaser represents and
warrants to Seller, both as of the Effective Date and as of the Closing Date, as follows: 

   a.         Purchaser has all requisite power and authority, and has
taken all actions required by its organizational documents to authorize it to execute and deliver this Agreement. The individual executing this Agreement and any other documents and instruments executed by Purchaser pursuant hereto has the legal
power, right, and actual authority to bind Purchaser to the terms and conditions hereof and thereof. 

4.03     Covenants and Agreements of Seller. Seller covenants and agrees with Purchaser that from
the Effective Date until the Closing Date: 
    a.         Seller
shall perform its obligations under the Lease. 
    b.        
Seller shall promptly notify Purchaser of any litigation, arbitration, administrative hearing or condemnation proceeding before any court or governmental agency concerning or affecting the Property of which Seller receives written notice. 

   c.         Seller will not amend the Lease, or enter into any
service contract which cannot be terminated upon not more than thirty (30) days prior written notice, without in each case the prior written consent of Purchaser, which consent shall not be unreasonably withheld, conditioned or delayed. 

   d.         At or before Closing, Seller will pay Tenant the full
amount of the unapplied Abatement Allowance (as defined in the Lease) in order to cause Tenant to resume the payment of full monthly installments of Fixed Rent (as defined in the Lease) in accordance with the terms of the Lease, effective as of the
Closing Date. 
 ARTICLE V. 

CONDEMNATION 

5.01     Casualty. If prior to the Closing, any fire or casualty damage to the Property occurs and
such damage entitles Tenant to terminate the Lease, Purchaser shall have the right to terminate this Agreement by written notice delivered to Seller and upon such termination, the Escrow Deposit shall be delivered to Purchaser. If Purchaser does not
elect to terminate this Agreement, or in the event of fire or casualty damage does not give Tenant the right to terminate the Lease, then the Closing shall take place as provided in this Agreement without any offset against or deduction from the
Purchase Price, provided, there shall be credited to Purchaser against the Purchase Price the amount of any insurance deductible or other limitation on 

  
 13 

 
insurance proceeds to the extent payable by the landlord under the Lease, and, to the extent Seller maintains fire and casualty insurance covering the Property (as opposed to Tenant maintaining
such coverage), Seller shall assign to Purchaser at the Closing all of its rights to receive insurance proceeds payable with respect to such damage, including, without limitation, any insurance proceeds payable under policies maintained by Tenant
(other than rental loss insurance proceeds applicable to the period prior to the Closing). Purchaser and Seller agree that the Uniform Vendor-Purchaser Risk of Loss Act shall not apply to this Agreement. 

5.02     Condemnation. Seller shall deliver to Purchaser written notice of any pending, proposed or
threatened taking or condemnation of all or any portion of the Land of which Seller receives notice prior to the Closing. If prior to the Closing, any taking or condemnation of all or any material portion of the Land is proposed or threatened, or if
Seller or Purchaser receive notice that any such taking or condemnation is pending, and if such proposed or threatened taking would permit Tenant to terminate the Lease, then in such event, Purchaser shall have the right to terminate this Agreement
by written notice delivered to Seller within ten (10) days after Purchaser receives notice of such pending, proposed or threatened taking or condemnation and upon such termination, the Escrow Deposit shall be refunded to Purchaser. If Purchaser
does not elect to terminate this Agreement, then the Closing shall take place as provided in this Agreement without any offset against, or deduction from, the Purchase Price and there shall be assigned to Purchaser at the Closing all right, title
and interest of Seller in and to all condemnation proceeds which may be paid or payable with respect to the Land. 
 ARTICLE VI. 

PROVISIONS WITH RESPECT TO DEFAULT 

6.01     Default by Seller. In the event Seller fails to consummate the Closing for any reason,
except for a default by Purchaser, Purchaser may, at its election and as its sole and exclusive remedy, either (a) terminate this Agreement and receive a refund of the Escrow Deposit from the Title Company, together with a reimbursement payable
by Seller to Purchaser for Purchaser’s actual out-of-pocket costs incurred in connection with the transaction contemplated herein in an amount not to exceed $100,000, or (b) bring an action to enforce specific performance of this Agreement
against Seller, provided that such action is commenced within sixty (60) days after the Closing Date. Except as provided in Section 7.11 below, Purchaser specifically waives all other rights and remedies, including, without
limitation, the right to recover actual, punitive, speculative, consequential or other damages and the right to file any lien, notice, petition, memorandum, lis pendens or other instrument in the real estate records of the appropriate county or
otherwise. 
 6.02     Default by Purchaser. In the event Purchaser fails to perform any of its
obligations hereunder or fails to purchase the Property for any reason, except for a default by Seller as provided in Section 6.01 above or as otherwise expressly permitted in accordance with the terms of this Agreement (including,
without limitation, Section 1.04), Seller may, at its election and as its sole and exclusive remedy (except as provided in Section 7.11 below), terminate this Agreement and receive the Escrow Deposit from the Title Company as
liquidated damages. The parties have agreed that Seller’s actual damages, in the event of Purchaser’s failure to close in breach of this Agreement, would be extremely difficult or impracticable to determine.

  
 14 

 
Therefore, the parties acknowledge that the Escrow Deposit has been agreed upon, after negotiation, as the parties’ reasonable estimate of Seller’s damages. The provisions of this
Section 6.02 shall not limit or affect any of Purchaser’s indemnities as provided in other Sections of this Agreement. 

ARTICLE VII. 

MISCELLANEOUS 

7.01     Brokerage and Advisor Fees and Commissions. Each party represents and warrants to the
other that such party has not dealt with a real estate agent or broker in connection with the negotiation of this Agreement except CBRE, Inc., located at 1200 Liberty Ridge Drive, Suite 230, Wayne, PA 19087
(“Broker”). If the Closing occurs, Seller shall pay Broker a commission in accordance with a separate agreement between Seller and Broker. At Closing, Purchaser shall pay an advisory fee to
Property Income Advisors, Inc. in accordance with the terms of a separate agreement. If any other claims for brokerage commissions or fees are ever made against Seller or Purchaser in connection with this transaction, all such claims shall be
handled and paid by the party whose commitments form the basis of such claims. Seller and Purchaser each agree to indemnify and hold harmless the other from and against any and all such claims or demands with respect to any brokerage fees or
agents’ commissions or other compensation asserted by any person, firm, or corporation in connection with this Agreement or the transactions contemplated herein insofar as any such claim or demand is based upon a contract or commitment of the
indemnifying party. This Section 7.01 shall survive the Closing and any termination of this Agreement. 

7.02     Notices. All notices, demands and requests which may be given or which are required to be
given by either party to the other, and any exercise of a right of termination provided by this Agreement, shall be in writing and shall be deemed effective either (a) on the date personally delivered to the address indicated herein, as
evidenced by written receipt therefor, whether or not actually received by the person to whom addressed; (b) intentionally omitted; (c) upon confirmed transmission, if delivered by electronic transmission, addressed to the intended
recipient at the email address hereinafter provided; or (d) one (1) Business Day following the day deposited into the custody of a nationally recognized overnight delivery service such as Fed Ex for overnight next day delivery, addressed
to such party at the address specified herein. 
  

			
	 If to Seller:
	  	SCCP Central Valley Limited Partnership
		  	Suite 2600-1075 West Georgia Street
		  	Vancouver, BC V6E 3C9
		  	Attn: Jamie Farrar
		  	Email: jfarrar@cityofficereit.com

  
 15 

			
	 with a copy to:
	  	Gardere Wynne Sewell LLP
		  	3000 Thanksgiving Tower
		  	1601 Elm Street
		  	Dallas, Texas 75201
		  	Attn: George C. Dunlap, Jr.
		  	Email: gdunlap@gardere.com
		
	 If to Purchaser:
	  	Property Income Advisors, Inc.
		  	16870 West Bernardo Drive, Suite 400
		  	San Diego, California 92127
		  	Attn: Scott A. Sweeney
		  	Telephone: (858) 451-8125
		  	E-mail: ssweeney@propincadv.com
		
	 with a copy to:
	  	Ann Banta Kustoff, Esq.
		  	Sheley, Hall & Williams, P.C.
		  	303 Peachtree Street NE, Suite 4440
		  	Atlanta, Georgia 30308
		  	Telephone: (404) 880-1394
		  	E-mail: akustoff@sheleyhall.com
		
	 and:
	  	Gulf Islamic Investments, LLC
		  	3rd Floor Al Neem Tower
		  	Sheikh Khalifa Street
		  	Abu Dhabi – UAE
		  	P.O. Box 109248
		  	Attn: Pankaj Gupta, CEO
		  	Email: pgupta@gii.ae
		  	Fax: 971 4 3253709

 Any party hereto may, at any time by giving five (5) days’ written notice to the other party hereto,
designate any other address in substitution of the foregoing address to which such notice shall be given. 

7.03     Entire Agreement; Modification. This Agreement embodies and constitutes the entire
understanding among the parties with respect to the transactions contemplated herein, and all prior or contemporaneous agreements, understandings, representations and statements, oral or written, are merged into this Agreement. Neither this
Agreement nor any provision hereof may be waived, modified, amended, discharged or terminated except by an instrument in writing signed by the party against which the enforcement of such waiver, modification, amendment, discharge or termination is
sought, and then only to the extent set forth in such instrument. 
 7.04     Headings.
Descriptive headings are for convenience only and shall not control or affect the meaning or construction of any provision of this Agreement. 

  
 16 

 7.05     Binding Effect. This Agreement shall be
binding upon and shall inure to the benefit of the parties hereto and their successors and assigns, provided that except as hereafter provided, no assignment shall be made by either party without the prior written consent of the other party. 

7.06     Time of Essence. Time is of the essence of this Agreement and of each covenant and
agreement that is to be performed at a particular time or within a particular period of time. However, if the final date of any period which is set out in any provision of this Agreement or the Closing Date falls on a Saturday, Sunday or legal
holiday under the laws of the United States or the Commonwealth of Pennsylvania, then the time of such period or the Closing Date, as the case may be, shall be extended to the next date which is not a Saturday, Sunday or legal holiday, and for the
purpose of this Agreement, the term “Business Day” shall mean any day which is not a Saturday, Sunday or legal holiday under the laws of the United States or the Commonwealth of Pennsylvania. 

7.07     Multiple Counterparts; Facsimile Signatures. This Agreement may be executed in a number of
identical counterparts, each of which for all purposes is deemed an original, and all of which constitute collectively one agreement, but in making proof of this Agreement, it shall not be necessary to produce or account for more than one such
counterpart. Signatures to this Agreement may be transmitted via facsimile or scanned and e-mailed, and delivery thereby shall be deemed sufficient for all purposes to the same extent as would be delivery of an original signature. 

7.08     Assignment by Purchaser. Purchaser shall not have the right to assign this Agreement
without the prior written consent of Seller. Notwithstanding the foregoing, Purchaser shall be entitled to assign this Agreement to Gulf Islamic Investments or an entity advised by, controlled by, or under common control with Gulf Islamic
Investments. 
 7.09     Prohibition on Recording Agreements. Purchaser agrees that neither this
Agreement, a copy of this Agreement, nor any instrument describing or referring to this Agreement shall ever be filed of record in and in the event Purchaser records this Agreement, a copy of this Agreement or any instrument describing or referring
to this Agreement, Seller, at Seller’s option, may terminate this Agreement and receive immediate payment of the Escrow Deposit. 

7.10     Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the Commonwealth of Pennsylvania. 
 7.11     Attorneys’ Fees. Should either party
hereto institute any action or proceeding in court to enforce this Agreement, the prevailing party in any such action or proceeding shall be entitled to receive from the non-prevailing party all reasonable attorneys’ fees and court costs in
connection with such action or proceeding 
 7.12     Reporting Person. The Title Company is
hereby designated as the “Reporting Person” pursuant to Section 6045 of the Internal Revenue Code and the Regulations promulgated thereunder. 

  
 17 

 7.13     Construction. The parties acknowledge and
agree that the parties and their counsel have reviewed this Agreement and this Agreement will not be presumptively interpreted against either party. 

7.14     Severability. If any provision of this Agreement is held to be invalid, illegal, or
unenforceable by a court of competent jurisdiction, the invalid, illegal, or unenforceable provision will not affect any other provisions, and this Agreement will be construed as if the invalid, illegal, or unenforceable provision is severed and
deleted from this Agreement. 
 7.15     Gender; Number. Unless the context requires otherwise,
all pronouns used in this Agreement will be construed to include the other genders, whether used in the masculine, feminine or neuter gender. Words in the singular number will be construed to include the plural, and words in the plural will be
construed to include the singular. 
 7.16     Confidentiality. Purchaser shall keep confidential
the existence and the terms of this Agreement, except as to their employees, consultants, attorneys, accountants, and other agents that may be involved in conducting the due diligence related to the transactions contemplated by this Agreement.
Purchaser and its representatives shall hold in strictest confidence all data and information obtained with respect to Seller or its business, whether obtained before or after the execution and delivery of this Agreement, and shall not disclose the
same to others; provided, however, that it is understood and agreed that (i) Purchaser may disclose such data and information to the employees, consultants, accountants, and attorneys of Purchaser provided that Purchaser advises such persons of
the confidential nature of such information and in all events Purchaser shall be responsible for its employees, consultants, accountants and attorneys’ obligation to keep confidential the data and information provided to them pursuant to this
Agreement, and (ii) Purchaser’s obligation to keep such information confidential shall terminate as of the earlier to occur of the Closing or the expiration of twelve (12) months after the date Purchaser terminates this Agreement,
except that such period shall equal three (3) years for any customer information and data. Purchaser, its employees, agents, consultants, accountants, mortgage brokers, and lenders and attorneys shall use Seller’s confidential information
only for purposes of evaluating whether to consummate the transactions contemplated by this Agreement, and for no other purposes. In the event of a breach or threatened breach by Purchaser or its agents or representatives of this
Section 7.16, Seller shall be entitled to an injunction restraining Purchaser or its agents or representatives from disclosing, in whole or in part, such confidential information. Nothing herein shall be construed as prohibiting Seller
from pursuing any other available remedy at law or in equity for such breach or threatened breach. The provisions of this Section 7.16 shall survive the termination of this Agreement. 

7.17     Watch List. In the event that Purchaser, any assignee of Purchaser, Purchaser’s
lender, or the source of any of Purchaser’s equity for the consummation of this Agreement is the exact same individual or entity as appears on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign
Assets Control of the United States Department of the Treasury prior to Closing, Seller may, by written notice given to Purchaser at or before the Closing, terminate this Agreement. If Seller elects to terminate this Agreement, pursuant to this
Section 7.17, the Escrow Deposit shall be promptly paid to Seller by the Title Company and neither party shall have any further rights or obligations hereunder, except for the obligations that expressly survive the termination of this
Agreement, all of which shall survive the Closing or, if the purchase and sale contemplated hereunder is not consummated, any termination of this Agreement. 

  
 18 

 7.18     Waiver of Jury Trial. PURCHASER AND SELLER
UNCONDITIONALLY WAIVE THEIR RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT, ANY DEALINGS BETWEEN PURCHASER AND SELLER RELATING TO THE SUBJECT MATTER OF THIS TRANSACTION OR ANY RELATED TRANSACTIONS,
AND/OR THE RELATIONSHIP THAT IS BEING ESTABLISHED BETWEEN PURCHASER AND SELLER. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT. THIS WAIVER IS IRREVOCABLE. THIS WAIVER MAY NOT BE
MODIFIED EITHER ORALLY OR IN WRITING. THE WAIVER ALSO SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THIS TRANSACTION OR ANY RELATED TRANSACTION.
THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 7.19 Effective Date. The Effective Date
shall be the last date Seller or Purchaser executes this Agreement as provided in the dates below their respective signature hereto. 

7.20 Tenant Allowances. Seller waives any right to receive payment or repayment for any unused tenant improvement or
other inducement allowance provided to Tenant under the Lease. This Section 7.20 shall survive Closing. 

[Signatures on following page] 

  
 19 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the Effective Date. 
  

			
	SELLER:
	
	SCCP CENTRAL VALLEY LIMITED PARTNERSHIP,
	a Delaware limited partnership
		
	By:	 	SCCP Central Valley GP Corp.,
		 	a Delaware corporation,
		 	its general partner
		
		 	By:      /s/ James Farrar                           
              
		 	Print:   James Farrar                               
              
		 	Its:      President                             
                     
	
	Date of Execution: February 2, 2016
	
	PURCHASER:
	
	GULF ISLAMIC INVESTMENTS LLC,
	an Abu Dhabi limited liability company
	
	By:     
/s/ Pankaj Gupta                                     
              
	Print:   Pankaj Gupta                             
                          
	Its:      Chief Executive Officer - UAE              
                
	
	Date of Execution: February 2, 2016
	
	By:      /s/Mohammed Alhassan                         
              
	Print:   Mohammed Alhassan                            
               
	Its:      Chief Executive Officer - GCC              
                
	
	Date of Execution: February 2, 2016

  
 20 

 JOINDER OF THE TITLE COMPANY 

The Title Company hereby acknowledges receipt of the Escrow Deposit and a copy of this Agreement and agrees to hold and
disburse the Escrow Deposit in accordance with the provisions of this Agreement. It is expressly acknowledged and agreed to by the Title Company that in no event shall the joinder, consent, agreement or signature of the Title Company be necessary or
required in connection with any amendment, modification or termination of this Agreement. The Title Company is hereby directed to complete the Effective Date on page 1 of this Agreement in accordance with Section 7.19 of this Agreement.

  

	
	BENCHMARK TITLE, LLC
	
	By:  /s/ Allison Davis
	Print:  Allison Davis
	Its:  Escrow Assistant
	
	Date: February 3, 2016

  
 21 

 EXHIBIT “A” 

Property Description 

The land referred to is situated in Upper Saucon Township, County of Lehigh, Commonwealth of Pennsylvania, and is further described as
follows: 
 ALL those certain lots, situated in Upper Saucon Township, Lehigh County, Pennsylvania, known as Lot 13 and Lot 14, as shown on
the plan known as “Subdivision of Lots for “Area B” of Phase 1, Stage 1 Land Development and Major Subdivision of Stabler Corporate Center”, recorded in Lehigh County Map Book Volume 38 Page 93, as shown below: 

ALL THAT CERTAIN tract or parcel of real property located in Upper Saucon Township, Lehigh County, Pennsylvania, more particularly described
as follows: 
 LOT 13 - Surveyor’s Description 

ALL THAT CERTAIN tract, piece or parcel of land situate, lying and being in the Township of Upper Saucon, County of Lehigh and Commonwealth of
Pennsylvania, bounded and described as follows, to wit: 
 BEGINNING at a point on the south side of Corporate Parkway and the corner of Lot
12; thence along the aforesaid road and around a curve to the right, having a radius of 811.33 feet, delta of 28° 09’ 16” and an arc length of 398.68 feet to a point, the corner of Lot 14; thence along Lot 14 South 31° 00’
00” East, 878.61 feet to a point on the northern right of way line of Center Valley Parkway, and also being the corner of Lot 14; thence along the aforesaid road South 37° 00’ 17” West, 300.00 feet to a point, also being the
corner of Liberty Property Trust and also the center line of drainage easement, having a width of 20.00 feet; thence in the center line of said easement and along Liberty Property Trust (Lot 11) the following courses and distances: 

1. North 65° 48’ 47” West, 28.27 feet to a point 

2. South 89° 51’ 33” West, 37.61 feet to a point 

3. North 73° 09’ 22” West, 43.00 feet to a point 

4. North 57° 40’ 53” West, 44.72 feet to a point 

5. North 42° 24’ 48” West, 33.37 feet to a point 

6. North 31° 51’ 11” West, 104.80 feet to a point, the corner of Lots 11 and 12 

7. North 31° 51’ 11” West, 728.96 feet to a point, the place of beginning 

CONTAINING 8.43 acres, more or less. 

BEING a part of the subdivision plan known as Phase 1, Stage 1 Land Development and Major Subdivision Plan as recorded in the Recorder of
Deeds Office for Lehigh County in Volume 29 Page 13, dated May 3, 1990. 
 BEING a part of the First Amended Phase 1, Stage 1 Land
Development and Major Subdivision Plan as recorded in the Office of the Recorder of Deeds of Lehigh County, Pennsylvania in Map Book Volume 32 Page 57, dated September 14, 1994. 

ALSO BEING Lot 13 of Subdivision of Lots “Area B” of Phase 1, Stage 1 Land Development and Major Subdivision of Stabler Corporate
Center as recorded in the Recorder of Deeds Office for Lehigh County in Volume 38 Page 93. 
 Exhibit “A” 

 LOT 14 - Surveyor’s Description 

ALL THAT CERTAIN tract, piece or parcel of land situate, lying and being in the Township of Upper Saucon, County of Lehigh and Commonwealth of
Pennsylvania, bounded and described as follows, to wit: 
 BEGINNING at a point on the south side of Corporate Parkway and the corner of Lot
13; thence along the aforesaid road and around a curve to the right, having a radius of 811.33 feet, delta of 16° 56’ 45” and an arc length of 239.96 feet to a concrete monument; thence continuing along the same North 88° 32’
East, 200.00 feet to a found concrete monument and also the corner of Lot 15; thence along Lot 15 the following courses and distances: 
 1.
South 15° 37’ 11” East, 99.35 feet to a point 
 2. South 32° 49’ 15” East, 501.32 feet to a point on the north
side of Center Valley Parkway and also the corner of Lot 15; 
 thence along the right of way line of Center Valley Parkway the following
courses and distances: 
 1. South 53° 35’ 55” West, 191.38 feet to a found iron pin 

2. South 37° 00’ 17” West, 211.58 feet to a point, said point also being the corner of Lot 13; 

thence along Lot 13 North 31° West, 878.61 feet to a point on the south side of Corporate Parkway, the point and place of beginning. 

CONTAINING 6.45 acres, more or less. 
 BEING a
part of the subdivision plan known as Phase 1, Stage 1 Land Development and Major Subdivision Plan as recorded in the Recorder of Deeds Office for Lehigh County in Volume 29 Page 13, dated May 3, 1990. 

BEING a part of the First Amended Phase 1, Stage 1 Land Development and Major Subdivision Plan as recorded in the Office of the Recorder of
Deeds of Lehigh County, Pennsylvania in Map Book Volume 32 Page 57, dated September 14, 1994. 
 ALSO BEING Lot 14 of Subdivision of
Lots “Area B” of Phase 1, Stage 1 Land Development and Major Subdivision of Stabler Corporate Center as recorded in the Recorder of Deeds Office for Lehigh County in Volume 38 Page 93. 

LOTS 13 AND 14 TOGETHER ARE ALSO DESCRIBED AS: 

ALL THAT CERTAIN tract, piece or parcel of land situate, lying and being in the Township of Upper Saucon, County of Lehigh and Commonwealth of
Pennsylvania, bounded and described as follows, to wit: 
 BEGINNING at a point on the south side of Corporate Parkway and the corner of Lot
12; thence along the aforesaid road and around a curve to the right, having a radius of 811.33 feet, delta of 45° 06’ 01” and an arc length of 638.64 feet to a point, thence continuing along aforesaid road 

North 88° 32’ 00” East, 200.00 feet to a concrete monument and also the corner of Lot 15; thence along Lot 15 the following courses and
distances: 
 1. South 15° 37’ 11” East, 99.35 feet to a point; 

2. South 32° 49’ 15” East, 501.32 feet to a point on the north side of Center Valley Parkway and also the corner of Lot 15;
thence along the right of way line of Center Valley Parkway the following courses and distances: 
 1. South 53° 35’ 55” West, 191.38 feet to
an iron pin; 
 2. South 37° 00’ 17” West, 511.58 feet to a point, said point also being the corner of Lot 11; thence along Lot
11 the following courses and distances: 
 Exhibit “A” 

 1. North 65° 48’ 47” West, 28.27 feet to a point; 

2. South 89° 51’ 33” West, 37.61 feet to a point; 

3. North 73° 09’ 22” West, 43.00 feet to a point; 

4. North 57° 40’ 53” West, 44.72 feet to a point; 

5. North 42° 24’ 48” West, 33.37 feet to a point; 

6. North 31° 51’ 11” West, 104.80 feet to a point, the corner of Lots 11 and 12; thence along Lot 12 

North 31°51’11” West, 728.96 feet to a point, the place of beginning. 

CONTAINING 14.88 acres, more or less. 

BEING a part of the subdivision plan known as Phase 1, Stage 1 Land Development and Major Subdivision Plan as recorded in the Recorder of
Deeds Office for Lehigh County in Volume 29 Page 13, dated May 3, 1990. 
 BEING a part of the First Amended Phase 1, Stage 1 Land
Development and Major Subdivision Plan as recorded in the Office of the Recorder of Deeds of Lehigh County, Pennsylvania in Map Book Volume 32 Page 57, dated September 14, 1994. 

ALSO BEING Lots 13 and 14 of Subdivision of Lots “Area B” of Phase 1, Stage 1 Land Development and Major Subdivision of Stabler
Corporate Center as recorded in the Recorder of Deeds Office for Lehigh County in Volume 38 Page 93. 
 BEING THE SAME premises which GE
Commercial Finance Business Property Corporation, a Delaware corporation, by Deed dated May 1, 2013 but effective May 17, 2013 and recorded May 20, 2013 in the Office of the Recorder of Deeds in and for Lehigh County, Pennsylvania in
Instrument Number 2013018606, granted and conveyed unto SCCP Central Valley Limited Partnership, formerly known as Pembroke Central Valley LP, a Delaware limited partnership, in fee. 

Exhibit “A” 

 EXHIBIT “B” 

 

			
	This document was prepared by:
	
	 
	 
	 

  

			
	After Recording Return to:
	
	 
	 
	 

 Parcel ID Number:
                                         
        
 Special Warranty Deed 

This Special Warranty Deed, made this             day of
                                ,
20             
 BETWEEN
                    , a(n)
                                 (the “Grantor”) of the
one part, and                     , a(n)
                                 (the “Grantee”), of the
other part. 
 WITNESSETH, that in consideration of Ten and 00/100 Dollars ($10.00), in hand paid, the receipt of which is
hereby acknowledged, Grantor does hereby grant and convey unto the said Grantee and Grantee’s heirs and assigns, the land, situated, lying and being in the County of
                     in the Commonwealth of Pennsylvania, which is more particularly described on Exhibit “A” attached
hereto and made a part hereof, together with (i) all and singular, all of Grantor’s right, title and interest, if any, in and to any and all rights, benefits, privileges, easements, tenements, and appurtenances thereon and pertaining
thereto, including all of Grantor’s right, title and interest, if any, in and to any adjacent streets, roads, alleys, easements and rights-of-way, (ii) any and all improvements and buildings located on such real property (said real
property, together with such rights, appurtenances and interests, improvements and buildings being collectively called the “Property”), subject to, however, all taxes, assessments, liens, easements, encumbrances, restrictions
and any and all matters of record, including, without limitation, the exceptions set forth in Exhibit “B” attached hereto and made a part hereof (said exceptions being called the “Permitted
Exceptions”). 
 To Have and to Hold, the Property unto Grantee and its assigns in fee simple, subject to the Permitted
Exceptions. 
 AND Grantor does hereby covenant, grant and agree that Grantor is lawfully seized of the Property in fee simple; that
Grantor has good right and lawful authority to sell and convey the 
 Exhibit “B” 

 
Property; that Grantor hereby warrants the title to the Property and will forever defend the same against the lawful claims and demands of Grantor and of all persons lawfully claiming the same or
any part thereof by, through or under Grantor, but not otherwise, and subject to the Permitted Exceptions. 
 IN WITNESS WHEREOF,
Grantor has caused these presents to be duly executed, the day and year first above written. 
 SEALED AND DELIVERED, 

In the Presence of: 
  

					
		 	 GRANTOR:

SCCP CENTRAL VALLEY LIMITED

PARTNERSHIP, a Delaware limited partnership

	 _________________________________

Witness:
	 
			
	 _________________________________

Witness:
	 	By:	 	 SCCP Central Valley GP Corp.,

a Delaware corporation,
 its
general partner

			
	  
	 		 	
By:                      
                                         
 

		 		 	
Name:                      
                                      

		 		 	
Title:                      
                                        

 State of
                                         
                      
 County
of
                                         
    
 On this the              day of
                            ,
20            , before me a notary public, the undersigned officer, personally appeared
                                        ,
of                                        
, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument acknowledged that he executed the same for the purposes therein contained, on behalf of said
                                        .

 IN WITNESS WHEREOF, I hereunto set my hand and official seal. 
  

 
 Notary Public 

Exhibit “B” 

 ON BEHALF OF GRANTEE: 

I hereby certify that the current address of Grantee is: 
  

	
	 
	 
	 
	
	By:                                     
                                         
  
	Name:                                     
                                       
	Title:                                    
                                         

 Exhibits to be attached 

Exhibit “B” 

 EXHIBIT “C” 

Bill of Sale 
 BILL OF
SALE AND ASSIGNMENT OF LEASE 
 THIS INSTRUMENT (this “Agreement”) is executed and
delivered as of the             day of
                        , 20         (the “Effective
Date”), by and between                                 , a(n)
                                (“Seller”), and
                                    , a(n)
                                    
(“Purchaser”), covering the real property described in Exhibit “A” attached hereto (the “Real Property”). 

1.         Sale of Personalty. For good and valuable consideration, Seller
hereby sells, transfers, sets over and conveys to Purchaser the following: 

(a)         Tangible Personalty. All of Seller’s right, title and
interest, if any, in and to the fixtures, equipment, machines, apparatus and tangible personal property of every nature and description owned by Seller, if any, located in or on the Real Property; and 

(b)         Intangible Personalty. To the extent transferable without the
consent of third parties, all of Seller’s right, title and interest, if any, in and to the intangible property that is owned by Seller and appurtenant to the ownership, operation, and use of the Real Property. 

2.         Assignment of Lease. For good and valuable consideration, Seller
hereby assigns, transfers, sets over and conveys to Purchaser, and Purchaser hereby accepts and assumes the following: 

(a)         Lease. All of the Seller’s right, title and interest in and to
the agreement dated                 , 201__, by and between Seller and
                            , as amended by
                             (as amended, the “Lease”) covering the Real
Property and Purchaser hereby (i) assumes all of Seller’s obligations under the Lease as of the Effective Date and (ii) releases Seller (and any guarantor of Seller’s obligations under the Lease) from any and all liabilities and
obligations under the Lease arising from and after the Effective Date. 
 3.        
Purchase and Sale Agreement. The rights, titles and interests conveyed pursuant to this Agreement are subject to the terms, provisions and agreements set forth in Section 1.04(c) of that certain Agreement of Purchase and Sale, dated
            , 20__, made and entered into by and between Seller and Purchaser, as the same may have been amended, modified and/or assigned. 

4.         Counterparts. This instrument may be executed in any number of
identical counterparts, all of which shall together constitute a single original. 
 [Signatures on following page] 

Exhibit “C” 

 IN WITNESS WHEREOF, the undersigned have caused this Bill of Sale and
Assignment of Lease to be executed as of the date written above. 
  

	
	SELLER:
	
	                                     
                                         
        ,
	a(n)                                     
                                         
   
	
	By:_________________________________________
	Name:_______________________________________
	Title:________________________________________
	
	PURCHASER:
	
	____________________________________________,
	 a(n)__________________________________________

	
	By:__________________________________________
	Name:________________________________________
	Title:_________________________________________

 Exhibits to be attached 

Exhibit “C”EX-10.A

		

			 

		

		
			Exhibit 10(a)
		

		
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			ONCOR
		

		
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			SUPPLEMENTAL RETIREMENT PLAN
		

		
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			January 1, 2015
		

		
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		Contents
		

		
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						ARTICLE ONE  Purposes of the Plan

					1 
				
	
					
						ARTICLE TWO  Definitions

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						ARTICLE THREE  Allocation of Costs

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						ARTICLE FOUR  Benefits

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						ARTICLE FIVE  Miscellaneous

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		ONCOR
		

		
			SUPPLEMENTAL RETIREMENT PLAN
		

		
			(As Amended and Restated Effective as of January 1, 2015)
		

		
			ARTICLE ONE
		

		
			Purposes of the Plan
		

		
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			1.1       The Oncor Supplemental Retirement Plan (“Plan”) was originally established effective as of January 1, 2010, as a combination of two separate spin-off plans from:  (1) the EFH SERP (as defined below); and (2) the Retirement Income Restoration Plan of ENSERCH Corporation and Participating Subsidiaries (“ENSERCH Plan”).  The Plan is hereby amended and restated, in order to clarify the Plan’s eligibility provisions and benefit formula resulting from the spin-off of the EFH Retirement Plan and the creation of the Oncor Retirement Plan and the EFH Active Retirement Plan effective October 1, 2012, and in accordance with the 2012 Pension Plan Assignment Letter.  The principal purpose of the Plan is to provide benefits for Participants in excess of the limitations on contributions and benefits imposed by relevant provisions of the Internal Revenue Code of 1986, as amended (the “Code”), on qualified defined benefit plans.
		

		
			1.2        The Plan is established for the benefit of Participants as an unfunded compensation arrangement; provided, however, Supplemental Retirement Benefits for Participants shall be provided, in whole or in part, under the Trust Agreement.  Any Supplemental Retirement Benefit not paid under the Trust Agreement shall be paid by the Participating Employer under the provisions of the Plan.
		

		
			1.3        The Plan does not give Participants any rights not expressly granted them in the Plan.
		

		
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		ARTICLE TWO
		

		
			Definitions
		

		
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			The following definitions apply to the Plan unless the context clearly indicates otherwise:
		

		
			2.1        “2012 Pension Plan Assignment Letter” shall mean that certain letter dated November 13, 2012, from Aon Hewitt to Mr. Robert Moussaid, of EFH, which describes the process and methodology of:  (a) assigning pension plan benefits, (b) calculating pension plan liabilities, (c) allocating pension plan assets, and (d) calculating pension costs among the Company, EFH and certain business segments as set forth in such letter.  
		

		
			2.2        “Adjusted Retirement Benefit” shall mean, for any Participant, the Retirement Income Allowance which would have been payable to such Participant under the Retirement Plan without regard to the benefit limitations of Article X of the Retirement Plan and without excluding from Earnings: (a) amounts awarded under the EFH Executive Annual Incentive Plan or the Oncor Executive Annual Incentive Plan (collectively, the “Executive AIP”) or amounts deferred under nonqualified executive compensation plans and arrangements adopted from time to time by Participating Employers (including any amounts deferred by any Participant under the Oncor Salary Deferral Program; provided, however, that any such amounts shall not be taken into account more than once in calculating a Participant’s benefit hereunder); and (b) amounts in excess of the dollar maximum imposed on Earnings, as defined in the Retirement Plan.  Adjusted Retirement Benefit shall also mean and include special retirement compensation not payable under the Retirement Plan that a Participating Employer is contractually committed to pay to a Participant pursuant to an individually negotiated agreement between the Participating Employer and the Participant.  For purposes of this Plan, such special retirement compensation shall be referred to as “Special Contractual Retirement Compensation.”
		

		
			2.3        “Board of Directors” shall mean the Board of Directors of the Company.
		

		

		

		 

		

			 

		

		

			 

		

 

		

			 

		

		2.4        “Affiliated Entity” shall mean any entity, more than 50% of the equity interest or profit interest of which is owned, directly or indirectly by the Company; any company which is in a controlled group of corporations (within the meaning of Code section 414(b)) that includes any such Affiliated Entity; any entity that is under common control (within the meaning of Code section 414(c)) that includes any such Affiliated Entity; and any entity that is within an affiliated service group (determined in accordance with Code section 414(m)) that includes any such Affiliated Entity.
		

		
			2.5        “Committee” means the Oncor Retirement Committee whose members are designated in the Retirement Plan.
		

		
			2.6        “Company” shall mean Oncor Electric Delivery Company LLC, its successors and assigns.
		

		
			2.7        “EFH” shall mean Energy Future Holdings Corp.
		

		
			2.8        “EFH Active Retirement Plan” shall mean the EFH Active Retirement Plan, which was adopted on October 1, 2012, as a spin-off from the EFH Retirement Plan, and was terminated effective as of October 10, 2012.
		

		
			2.9        “EFH Retirement Plan” shall mean the EFH Retirement Plan, as amended from time to time.
		

		
			2.10       “EFH SERP” shall mean the EFH Second Supplemental Retirement Plan, as amended from time to time.
		

		
			2.11       “Executive Team” shall mean the Chief Executive Officer of the Company and the employees that constitute the senior leadership team and leadership team, as determined in accordance with the Company’s internal organizational structure; provided that the Company may determine the specific members of the Executive Team from time to time.
		

		

		

		 

		

			 

		

		

			 

		

 

		

			 

		

		2.12       “Participant” shall mean a Regulated Business Participant or a Split Participant.  
		

		
			2.13       “Participating Employer” shall mean the Company or any Affiliated Entity which has been approved for participation in, and which has adopted, the Plan.  “Participating Employers” shall be used to refer to such entitles jointly or severally.  Exhibit A attached to this Plan lists the Participating Employers, and may be modified from time to time to accurately reflect the then existing Participating Employers without effecting a formal amendment of this Plan.
		

		
			2.14       “Plan” shall mean this Oncor Supplemental Retirement Plan, as amended from time to time.
		

		
			2.15       “Plan Administrator” shall mean the Committee.
		

		
			2.16       “Plan Year” shall be the calendar year.
		

		
			2.17       “Regulated Business Participant” shall mean an employee of the Company or a Participating Employer whose entire career with the Company, EFH or their affiliates was with the regulated utility business.
		

		
			2.18       “Retirement Benefit” shall mean the Retirement Income Allowance payable to a Participant under the Retirement Plan.
		

		
			2.19       “Retirement Plan” shall mean the Oncor Retirement Plan, as amended from time to time.
		

		
			2.20      “Separation from Service” shall mean termination of employment under circumstances that would qualify as a separation from service for purposes of Code section 409A and the regulations issued thereunder.
		

		
			2.21      “Specified Employee” shall have the meaning as defined in Code section 409A, and the regulations issued thereunder.
		

		

		

		 

		

			 

		

		

			 

		

 

		

			 

		

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			2.22      “Split Participant” shall mean an individual:  (a) whose employment career with the Company, EFH or any of their respective affiliates included both service with the Company (or a predecessor regulated utility business) and service with EFH (or a predecessor non-regulated utility business) or a non-regulated affiliate of EFH; and (b) whose retirement benefit liability has been assigned in whole or in part to the Company under the process and methodology described in the 2012 Pension Plan Assignment Letter.
		

		
			2.23      “Split Participant Schedule” shall mean that certain schedule provided by Aon Hewitt to the Company regarding Split Participants as of January 1, 2015.
		

		
			2.24      “Supplemental Retirement Benefit” or “Benefit” shall mean the benefit amount determined as follows:  
		

		
			(a)         Regulated Business Participants.  The Supplemental Retirement Benefit of a Regulated Business Participant shall equal the Participant’s Adjusted Retirement Benefit less the Participant’s Retirement Benefit.
		

		
			(b)         Split Participants Employed by the Company On October 1, 2012.  The Supplemental Retirement Benefit of a Split Participant who was employed by the Company (or a Participating Employer) on October 1, 2012, shall equal the Participant’s Adjusted Retirement Benefit less:  (i) the Participant’s Retirement Benefit, and (ii) the benefit, if any, payable to the Participant under the EFH SERP.
		

		
			(c)         Split Participants Employed by EFH on October 1, 2012.  The Supplemental Retirement Benefit of a Split Participant who was employed by EFH (or a non-regulated business affiliate of EFH on October 1, 2012, and who does not, thereafter become an employee 
		

		 

		

			 

		

		

			 

		

 

		

			 

		

		of the Company (or a Participating Employer), shall equal the amount for such individual set forth on the Split Participant Schedule.
		

		
			(d)         Split Participants Employed by EFH on October 1, 2012, Who Subsequently Become Employed by the Company (or a Participating Employer).  The Supplemental Retirement Benefit of a Split Participant who was employed by EFH (or a non-regulated business affiliate of EFH) on October 1, 2012, and who thereafter becomes an employee of the Company (or a Participating Employer), shall equal the sum of (i) the amount for such individual set forth on the Split Participant Schedule, plus (ii) the Participant’s Adjusted Retirement Benefit less the Participant’s Retirement Benefit.
		

		
			(e)         Split Participants Who Retired or Terminated Service Prior to October 1, 2012 and Have a Retirement Plan Benefit.  The Supplemental Retirement Benefit of a Split Participant who retired or otherwise terminated service prior to October 1, 2012, shall equal the amount for such individual set forth on the Split Participant Schedule.  The Supplemental Retirement Benefit of such Split Participant who on or after October 1, 2012, becomes an employee of the Company (or a Participating Employer) shall equal the sum of (i) the amount for such individual set forth on the Split Participant Schedule, plus (ii) the Participant’s Adjusted Retirement Benefit less the Participant’s Retirement Benefit.
		

		
			(f)         Consistency with 2012 Pension Plan Assignment Letter.  The Company intends that the Benefits payable hereunder shall be calculated in a manner that is consistent with the process and methodology described in the 2012 Pension Plan Assignment Letter.  In accordance with such intent, the Plan Administrator shall have the authority to coordinate with the actuary for the Retirement Plan to ensure such consistency.  Supplemental Retirement Benefits shall be 
		

		 

		

			 

		

		

			 

		

 

		

			 

		

		determined by the actuary for the Retirement Plan using assumptions consistent with those used under the Retirement Plan and the 2012 Pension Plan Assignment Letter.
		

		
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			2.25      “Trust Agreement” shall mean the Oncor Supplemental Retirement Plan Trust, established as of January 1, 2010, for the purpose of funding benefits under the Plan.
		

		
			2.26      “Trustee” shall mean the entity appointed by the Plan Administrator to serve as trustee of the Trust.
		

		
			ARTICLE THREE
		

		
			Allocation of Costs
		

		
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			3.1        The cost of providing the Benefits payable under this Plan shall be allocated to the Participating Employer which was the employer of the Participant on the date of the Participant’s retirement or other cessation of employment, or, if the Participant is a Split Participant who was not employed by a Participating Employer on the date of the Participant’s retirement or other cessation of employment, to the Company.
		

		
			3.2        If a Participant has service with more than one of the Participating Employers which is relevant to benefits provided hereunder, the costs of providing the benefits payable to such Participant shall be apportioned in a manner determined by the Participating Employers.
		

		
			3.3        The Company, as agent for the Participating Employers, will pay all Benefits provided hereunder and administer all transactions relating to the Plan, except Benefits payable under the Trust Agreement shall be paid by the respective Trustee of each such trust in accordance with the terms of the Trust Agreement.
		

		
			ARTICLE FOUR
		

		
			Benefits
		

		
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			4.1        A Participant shall be entitled to receive a Supplemental Retirement Benefit, pursuant to the provisions of the Plan; provided, however, Benefits payable to Participants under 
		

		 

		

			 

		

		

			 

		

 

		

			 

		

		the Trust Agreement shall be subject to additional provisions set forth in the Trust Agreement, as applicable, which provisions shall be controlling.
		

		
			4.2        A Participant’s Benefit shall be payable in the form, and at such times, as follows:
		

		
			(a)        With respect to a Participant’s Retirement Income Allowance under the Traditional Retirement Plan Formula or Appendix A of the Retirement Plan, in the form of a single life annuity or any other actuarially equivalent life annuity form available under the Retirement Plan (which shall specifically exclude payment in a lump sum or any Social Security leveling option), commencing upon the later of (i) the first day of the second month following such Participant’s Separation from Service (i.e., separation on April 30 with first payment on June 1), or (ii) the earliest date at which such Participant would be eligible to commence benefits under the Retirement Plan; or
		

		
			(b)        With respect to a Participant’s Retirement Income Allowance under the Cash Balance Plan Formula or Appendix B of the Retirement Plan, a single, lump-sum payment, payable upon the later of (i) such Participant’s Separation from Service, or (ii) the date such Participant would have achieved ten (10) years of Accredited Service under the Retirement Plan (as defined therein) if such Participant had remained in continuous employment and not experienced a Separation from Service.
		

		
			(c)        Notwithstanding subsection (b), effective with respect to any Participant who experiences a Separation from Service on or after March 1, 2010, if the lump sum present value of a Participant’s entire vested Supplemental Retirement Benefit under the Plan is $5,000 or less upon his or her Separation from Service, the present value of such Participant’s Supplemental 
		

		 

		

			 

		

		

			 

		

 

		

			 

		

		Retirement Benefit shall be paid to such Participant in a single lump sum upon such Participant’s Separation from Service.
		

		
			4.3        Special Contractual Retirement Compensation shall be paid at such time and in such form as provided in the underlying agreement or as elected by the Participant pursuant to the terms thereof; provided, however that if the Plan Administrator determines that the terms of 
		

		
			such agreement, or the circumstances of such election, do not meet the requirements of Code section 409A or any applicable transition relief, such Special Contractual Retirement Compensation shall be paid pursuant to the applicable provisions of Section 4.2 above, or, if no provision of said sections is otherwise applicable, such Special Contractual Retirement Compensation shall be paid in the form of a single lump-sum payment as of the date of such Participant’s Separation from Service.
		

		
			4.4        With respect to any Participant who is a Specified Employee, payment of any benefit shall not commence earlier than the date that is six (6) months following the date of such Specified Employee’s Separation from Service.  In such case, the Participant’s Benefit will commence on the later of (a) during the seventh (7th) month following the Participant’s Separation from Service, or (b) the commencement date otherwise provided for hereunder.  In the event that any benefit payable in the form of a life annuity is delayed by application of this Section 4.4, then, upon commencement, the monthly benefit payable to the Participant shall be determined based upon the Participant’s age at his Separation from Service, and the first payment shall include all payments that would have otherwise become payable during the period of such delay.
		

		
			4.5        The provisions of Section 4.4 shall not apply (a) with respect to any distribution made on account of the death of the Participant, or (b) if, at the time of such Participant’s 
		

		 

		

			 

		

		

			 

		

 

		

			 

		

		Separation from Service, no stock of either the Company or the Participant’s employer is publicly traded on an established securities market or otherwise.
		

		
			4.6        Any Benefit payable under the Plan shall constitute a general unsecured obligation of the Company, and shall be subject to the claims of the Company’s creditors.
		

		
			ARTICLE FIVE
		

		
			Miscellaneous
		

		
			﻿
		

		
			5.1        The Board of Directors shall be vested with full power and authority to amend the Plan or to terminate the Plan at any time; provided that no act of amendment or termination shall reduce any Benefit accrued to the date such act is adopted.  Furthermore, the Plan may be amended by the Executive Team, to the extent such amendment (a) is ministerial or administrative in nature; (b) does not result in a material change to the Plan’s funding or costs (defined as an increase in the cost of the Plan in excess of $25 million); or (c) is dictated by statute or regulation.  Any such amendment, modification, suspension or termination shall be effective on such dates the Board of Directors, Executive Team, or the Plan Administrator may determine and may be effective as to all Employers, or as to one or more Participating Employers and their respective employees.
		

		
			5.2        The Plan Administrator shall have the same powers, duties and responsibilities with respect to the administration of the Plan as provided to the Plan of Administrator under the Retirement Plan for purposes of administering the terms thereof.  Furthermore, the Plan Administrator may appoint one or more persons to assist in carrying out the day-to-day operation of the Plan or the Trust Agreement.  
		

		
			5.3        Notwithstanding Section 5.1 or any other provision of the Plan or the Trust to the contrary, the Plan Administrator may authorize the Trustee to make the following payments even if they would otherwise not be permitted by the Trust, and a Participating Employer may refrain 
		

		 

		

			 

		

		

			 

		

 

		

			 

		

		from making any contributions or payments otherwise required or permitted to be made by the Plan or the Trust, to the extent necessary to satisfy the following requirements.
		

		
			(a)        No amount shall be set aside or reserved directly or indirectly (under the Trust or otherwise), during any restricted period (as defined in Section 409A(b)(3)(B) of the Code) for the purpose of paying a Benefit under the Plan to any Participant who is an applicable covered employee (as defined in Section 409A(b)(3)(D) of the Code).  It is understood that a restricted period will generally occur in a Plan Year if any single-employer defined benefit plan (an “Applicable Plan”) maintained by the Company or any company that is in a controlled group that includes the Company (within the meaning of Sections 414(b) and (c) of the Code and guidance issued by the Internal Revenue Service) is “at risk” within the meaning of Section 430(i) of the Code for the preceding Plan Year.  “Applicable covered employee” generally includes any Participant who is, with respect to the Company or any entity under common control with the Company, described in section 162(m)(3) of the Code or subject to the requirements of Section 16(a) of the Securities Exchange Act of 1934.  All such persons are referred to herein as “Covered Employees.”  
		

		
			(b)        The Plan Administrator shall monitor the funding status of each Applicable Plan and will determine whether a restricted period exists with respect to any such plan.  If the Plan Administrator determines that a restricted period exists for a Plan Year, it shall determine whether any amount, including earnings, has been set aside or reserved during that period for the purpose of paying a Benefit to any Covered Employee or would be set aside but for the action of the Plan Administrator.  The Plan Administrator may request the Trustee to pay such amount to the Company or to any 
		

		 

		

			 

		

		

			 

		

 

		

			 

		

		other person designated by the Plan Administrator or to otherwise segregate such amount from the assets of the Trust.  The foregoing shall not apply, however, to the extent that the Company elects to treat the amount set aside or reserved as a transfer of property for tax purposes and taxable to the Covered Employee accordingly.
		

		
			(c)        Subject to any guidance issued by the Internal Revenue Service, the Plan Administrator may use any method it deems appropriate to calculate the amount set aside or reserved for any Covered Employee during a restricted period.  The determination made by the Plan Administrator shall be binding on the Trustee and each Covered Employee and any person claiming any interest in or payment from the Trust related to such Covered Employee.  The Plan Administrator may also utilize any program approved by the Internal Revenue Service to correct any amount that was improperly set aside under the Trust, and may adopt such rules and procedures as it deems necessary to comply with Section 409A(b)(3) of the Code.  
		

		
			(d)        The Plan Administrator shall maintain a record of any amount transferred from the Trust pursuant to paragraph (b), or that a Participating Employer does not contribute to the Trust.  Such amount shall be credited with interest or earnings based on what would have been allocable to such amounts if they had been held in the Trust.  Such amount shall be paid to the Trust as soon as possible after the Plan Administrator determines that no Applicable Plan remains in a restricted period.  If any payment from the Trust to a Covered Employee or the Covered Employee’s beneficiary has been reduced or withheld as a result of the restrictions of this Section, such amount shall be paid to such employee in a lump sum as soon as possible after the amount contemplated 
		

		 

		

			 

		

		

			 

		

 

		

			 

		

		in the foregoing sentence is paid to the Trustee.  The Company may also make such payments directly.
		

		
			(e)        The purpose of this Section is to comply with the restrictions of Section 409A(b)(3) of the Code and shall be interpreted accordingly.  This provision is intended to impose only those restrictions that are required by that Section and only on the persons covered by the Section.  The Plan Administrator shall interpret and apply this Section accordingly.
		

		
			5.4        Any Participating Employer, as defined herein, may participate under this Plan upon approval of the Board of Directors and approval of the appropriate governing body of such Participating Employer.  Any Participating Employer may, by action of its appropriate governing body, withdraw from participation in the Plan upon thirty (30) days prior notice to the Company.
		

		
			5.5        The Plan is intended to satisfy the requirements of Code section 409A and the regulations adopted thereunder, and shall be construed to that end.  Except as otherwise preempted by Federal law, the Plan shall be construed under the laws of Texas.
		

		
			[SIGNATURE PAGE FOLLOWS]
		

		
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			Executed this 2nd day of May 2016, to be effective as set forth herein.
		

		
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						ONCOR ELECTRIC DELIVERY COMPANY LLC

					
					
						 

				
	
					
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						By:

					
					
						/s/  

					
					
						David M. Davis

					
					
						 

				
	
					
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						David M. Davis

					
					
						 

				
	
					
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						Senior Vice President and Chief

					
					
						 

				
	
					
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						Financial Officer

					
					
						 

				

		
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			EXHIBIT A
		

		
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			PARTICIPATING EMPLOYERS
		

		
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			Oncor Electric Delivery Company LLC
		

		
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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}]]