Document:

Offer letter

 Exhibit 10.1 
 June 18, 2008 
 Bill Roeschlein 
 Re:
Employment Terms 
 Dear Bill: 
 Power Integrations, Inc.
(the “Company”) is pleased to offer you the position of Chief Financial Officer on the following terms. This offer is subject to approval of the Company’s Board of Directors (the “Board”) and its Compensation Committee.

 You will be responsible for the duties assigned to your position and will report directly to me. You will work at our facility located at San Jose,
California. Of course, the Company may change your position, duties, and work location from time to time in its discretion. 
 Your salary will be $250,000
per year, less payroll deductions and all required withholdings, paid bi-weekly. You will not be eligible for a salary increase during the 2009 Focal Review timeframe. You will be eligible to participate in our Executive Staff Bonus program pursuant
to the terms of that program. Your potential target bonus for 2008 will be $80,000.00 and will be prorated from your start date. The Company will have the sole discretion to determine whether you have earned any bonus under this program and to
determine the amount of any such bonus. If you leave the Company for any reason prior to end of the bonus year, no pro rata bonus will be earned. 
 In
addition, after one year of employment, you will be eligible to participate in the Executive Officers Benefits program pursuant to the terms of that program. You will be eligible for the following standard Company benefits: medical insurance,
vacation, sick leave and holidays. Details about these benefits are provided in the Employee Handbook and Summary Plan Descriptions, available for your review. The Company may change compensation and benefits from time to time in its discretion.

 Subject to approval by the Board or its Compensation Committee, and pursuant to the Company’s Equity Incentive Plan (the “Plan”), the
Company shall grant you an option to purchase up to 100,000 shares of the Company’s common stock at the fair market value as determined by the Board as of the date of grant (the “Option”). The Option will be subject to the terms and
conditions of the Plan and your grant agreement. Your grant agreement will include a four-year vesting schedule. You will be considered an “Insider” for purposes of trading company stock and are required to comply with the Power
Integrations’ Insider Trading policy. 
 As a Company employee, you will be expected to abide by Company policies and procedures, and acknowledge in
writing that you have read and will comply with the Company’s Employee Handbook. As a condition of employment, you must read, sign and comply with the attached Employee Proprietary Information and Inventions Agreement which prohibits
unauthorized use or disclosure of Company proprietary information, and you must read, sign and comply with the Company’s Code of Conduct. 

 Your employment relationship is at will. You may terminate your employment with the Company at any time and for any
reason whatsoever simply by notifying the Company. Likewise, the Company may terminate your employment at any time, with or without cause or advance notice. Your employment at-will status can only be modified in a written agreement signed by you and
by an officer of the Company. As required by law, this offer is subject to satisfactory proof of your right to work in the United States. This offer also is subject to completion of a satisfactory background check by the Company and its auditors
Deloitte & Touche, LLC. 
 This letter, together with your Employee Proprietary Information and Assignment Agreement, forms the complete and
exclusive statement of your employment agreement with the Company. The terms in this letter supersede any other agreements or promises made to you by anyone, whether oral or written. This letter agreement cannot be changed except in a written
agreement signed by you and a duly authorized officer of the Company. 
 Please sign and date this letter and the enclosed Employee Proprietary Information
and Inventions Agreement, and return them to me by 10:00 AM on June 19, 2008 if you wish to accept employment at the Company under the terms described above. If you accept our offer, we will then determine your start date. 
 We look forward to your favorable reply and to a productive and enjoyable work relationship. 
 Sincerely, 
  

	
	
	/s/ Balu Balakrishnan
	 Balu Balakrishnan
 President and
CEO

  

					
	Accepted:	 		 	
			
	/s/ Bill Roeschlein	 		 	6/18/08
	Bill Roeschlein	 		 	Date

 Attachment: Proprietary Information and Inventions Agreement 
 Start Date: 6/30/08 /s/ B 

 EMPLOYEE AGREEMENT REGARDING 
 CONFIDENTIALITY AND INVENTIONS 
 This Agreement is intended to formalize in writing
certain understandings and procedures of Power Integrations, Inc. (the “Company”). I recognize that the Company is engaged in a continuous program of research, development, and production respecting its business, present and future.

 In return for my new or continued employment by the Company, I acknowledge and agree that: 
  

	 	1.	Previous Work 

 All previous work, if any,
done by me for the Company relating in any way to the conception, design, development or support of products for the Company is the property of the Company. 
  

	 	2.	Confidentiality 

 I will maintain in
confidence and will not disclose or use, either during or after the term of my employment without the prior express written consent of the Company, any proprietary or confidential information or know-how belonging to the Company (“Proprietary
Information”), whether or not it is in written or permanent form, except to the extent required to perform duties on behalf of the Company in my capacity as an employee. Proprietary information refers to any information, not generally known in
the relevant trade or industry, which was obtain from the Company, or which was learned, discovered, developed, conceived, originated or prepared by me in the scope of my employment. Such Proprietary Information includes, but is not limited to,
software, technical and business information relating to the Company’s inventions or products, research and development, production processes, manufacturing and engineering processes, machines and equipment, finances, customers, marketing and
production and future business plans and any other information which is identified as confidential by the Company. Upon termination of my employment or at the request of my supervisor before termination, I will deliver to the Company all written and
tangible material in my possession incorporating the Proprietary Information or otherwise relating to the Company’s business. These obligations with respect to Proprietary Information extend to information belonging to customers and suppliers
of the Company who may have disclosed such information to me as the result of my status as employee of the Company. 
  

	 	3.	Inventions 

  

	 	(a)	Disclosure and Assignment of Inventions 

 I
will promptly disclose and describe to the Company, and I hereby assign and agree to assign to the Company or its designee, my entire right, title, and interest in and to, all Inventions which I may solely or jointly conceive, develop or reduce to
practice during the period of my employment with the Company (i) which relate at the time of conception or reduction to practice of the Invention to the Company’s business or actual or demonstrably anticipated research development, or
(ii) which were developed on any amount of the Company’s time or with the use of any of the Company’s equipment, supplies, facilities or trade secret information, or (iii) which resulted from any work I performed for the Company.

 
However, I do not assign or agree to assign any Inventions relating in any way to the Company’s business or demonstrably anticipated research and
development which were made by me prior to my employment with the Company, which Inventions, if any, are identified on Exhibit A to this Agreement A (which attachment contains no confidential information). I have no rights in any Inventions
other than the Inventions specified in Exhibit A. 
  

	 	(b)	Definition of Inventions 

 As used in this
Agreement, the term “Inventions” means any new or useful art, discovery, contribution, finding or improvement, whether or not patentable, and all related know-how, including but not limited to all designs, trademarks, discoveries,
formulae, processes, manufacturing techniques, trade secrets, inventions, improvements, ideas or copyrightable or patentable works, including all rights to obtain, register, perfect and enforce these proprietary interests. 
  

	 	(c)	One Year Presumption 

 I recognize that
Inventions relating to my activities while working for the Company and conceived or made by me, alone or with others, within one year after termination of my employment may have been conceived in significant part while employed by the Company.
Accordingly, I agree that such Inventions shall be presumed to have been conceived during my employment with the company and are to be assigned to the Company unless and until I have established the contrary. 
  

	 	(d)	Nonassignable Inventions 

 This Agreement
does not apply to an invention which qualifies fully as a nonassignable invention under the provisions of Section 2870 of California Labor Code. However, I agree to disclose promptly in writing to the Company all Inventions made or conceived by
me during the term of my employment and for one (1) year thereafter, whether or not I believe such Inventions are subject to this Agreement, to permit a determination by the Company as to whether or not the Inventions should be the property of
the Company. Any such information will be received in confidence by the Company. 
  

	 	(e)	Shop Rights 

 I agree that the Company will
be entitled to shop rights providing the Company a nonexclusive, royalty- free, and irrevocable (although nontransferable and nonassignable) license to make, use, and sell any invention or other protectable development (whether patentable or not)
conceived or made by me which is not within the scope of Section 3 (a) but which was conceived or made on the time of the Company or with the use of the facilities or materials of the Company or with the use of proprietary information of
the Company. 
  

	 	4.	Company Materials 

 Upon termination of my
employment with the Company or at any other time upon the Company’s request, I will promptly deliver to the Company, without retaining any copies, all documents and other materials furnished to me by the Company or prepared by me for the
Company. 

	 	5.	Competitive Employment 

 During the term of
my employment with the Company, I will not engage in any employment, consulting, or other activity in any business competitive with the Company without the Company’s written consent. 
  

	 	6.	Non-solicitation 

 During the term of my
employment with the Company and for a period of two (2) years thereafter, I will not solicit or encourage or cause others to solicit or encourage, any employees of the Company to terminate their employment with the Company. 
  

	 	7.	Acts to Secure Proprietary Rights 

  

	 	(a)	Further Acts 

 I agree to perform, during
and after my employment, all acts deemed necessary or desirable by the Company to permit and assist it, at its expense, in obtaining and enforcing the full benefits, enjoyment, rights and title throughout the world in the Inventions and shop rights
hereby assigned to the Company as set forth in Paragraphs 1 and 3 above. Such acts may include, but are not limited to, execution of documents and assistance or cooperation in the registration and enforcement of applicable patents and copyrights or
other legal proceedings. 
  

	 	(b)	Appointments of Attorney-In-Fact 

 In the
event that the Company is unable for any reason whatsoever to secure my signature to any lawful and necessary document required to apply for or execute any patent, copyright or other applications with respect to any Inventions (including
improvements, renewals, extensions, continuations, divisions or continuations in part thereof), I hereby irrevocably appoint the Company and its duly authorized officers and agents as my agents and attorneys-in-fact to execute and file any such
application and to do all other lawfully permitted acts to further the prosecutions and issuance of patents, copyrights or other rights thereon with the same legal force and effect as if executed by me. 
  

	 	8.	No Conflicting Obligations 

 My performance
of this Agreement and as an employee of the Company does not and will not breach any agreement to keep in confidence proprietary information, knowledge or data acquired by me prior to my employment with the Company. I will not disclose to the
company, or induce the Company to use, any confidential or proprietary information or material belonging to any previous employer or other person or entity. I am not a party to any other agreement which will interfere with my full compliance with
this Agreement. I will not enter into any agreement, whether written or oral, in conflict with the provisions of this Agreement. 
  

	 	9.	Survival 

 This Agreement (a) shall
survive the termination of my employment by the Company, (b) does not in any way restrict my right or the right of the Company to terminate my employment at any time, for any reason or for no reason, (c) is assignable by the Company, and
(d) is binding upon my heirs and legal representatives. 

	 	10.	Specific Performance 

 A breach of any of the
promises or agreements contained herein will result in irreparable and continuing damage to the Company for which there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for specific
performance, and such other relief as may be proper (including monetary damages if appropriate). 
  

	 	11.	Waiver 

 The waiver by Company of a breach of
any provision of this Agreement by me will not operate or be construed as a waiver of any other or subsequent breach by me. 
  

	 	12.	Unenforceable Provisions 

 If any term,
provision, covenant or condition of this Agreement shall for any reason be held invalid, void or unenforceable by a court of competent jurisdiction, the remaining provisions will nevertheless continue in full force and effect and will in no way be
affected, impaired or invalidated. 
  

	 	13.	Governing Law 

 This Agreement will be
construed in accordance with and governed by, the laws of the State of California as applied to transactions taking place wholly within California between California residents. 
  

	 	14.	Entire Agreement 

 This Agreement represents
my entire understanding with the Company with respect to the subject matter of this Agreement and supersedes all previous understandings, written or oral. This Agreement may be amended or modified only with the written consent of both me and the
Company. No oral waive, amendment or modification will be effective under any circumstances whatsoever. 
  

									
		 		 		 	EMPLOYEE:
				
	Date:	 	6/18/08	 		 	/s/ Bill Roeschlein
		 		 		 	Signature
		 		 		 	
		 		 		 	Bill Roeschlein
		 		 		 	Name of Employee (Print)

  

									
		 		 		 	COMPANY:
				
	Date:	 	6/18/08	 		 	POWER INTEGRATIONS, INC.
					
		 		 		 	By:	 	/s/ Gitte Coleman
		 		 		 	Title:	 	Employment Manager

 LIMITED EXCLUSION NOTIFICATION 
 THIS IS TO NOTIFY you in accordance with Section 2872 of the California Labor Code that the above Agreement between you and the Company does not require you to assign to the Company, any invention for which no
equipment, supplies, facility or trade secret information of the Company was used and which was developed entirely on your own time, and (a) which does not relate (1) to the business of the Company or (2) to the Company’s actual
or demonstrably anticipated research or development, or (b) which does not result from any work performed by you for the Company. This limited exclusion does not apply to any patent or invention covered by a contract between the Company and the
United States or any of its agencies requiring full title to such patent or invention to be in the United States. 
 I ACKNOWLEDGE RECEIPT OF
A COPY OF THIS NOTIFICATION 
  

			
	
	/s/ Bill Roeschlein
	Signature
	
	Bill Roeschlein
	Name of Employee (Print)
		
	Dated:	 	6/18/08

 Witnessed by: 
 Power Integrations, Inc. 
  

			
	
	 /s/ Gitte Coleman

	Representative
		
	Dated:	 	6/18/08

 EXHIBIT A 
 PRIOR INVENTIONSPurchase and Sale Agreement

 Exhibit 10.1 
 PURCHASE AND SALE AGREEMENT 
 THIS PURCHASE AND SALE AGREEMENT (“Agreement”)
is made as of the 25th day of June, 2008 (the “Effective Date”), by and between RADIOSHACK CORPORATION, a Delaware corporation (“Seller”), and TARRANT COUNTY COLLEGE DISTRICT, a political subdivision of the State of
Texas (“Buyer”). 
 RECITALS 
 A. Buyer intends to open a campus of Tarrant County College District in downtown Fort Worth, Texas (the “Campus”). 
 B. In connection with the Campus, KAN AM GRUND KAPITALANLAGEGESELLSCHAFT MBH, a German limited liability company, for the benefit of the KanAm-grundinvest Fonds, a German open-end real estate fund sponsored by Kan Am
Grund Kapitalanlagegesellschaft mbH (“Lot 1 Owner”) as Seller, and Buyer as buyer, entered into that certain Purchase and Sale Agreement (the “Lot 1 Contract”) pertaining to the purchase of that certain tract of
real property described as Lot 1, Block 1, RadioShack Addition, an Addition to the City of Fort Worth, Tarrant County, Texas, according to the replat thereof recorded in Cabinet A, Slide 10730, Plat Records of Tarrant County, Texas (“Lot 1
Land”) together with all improvements located thereon (“Lot 1 Improvements”; the Lot 1 Land and the Lot 1 Improvements may be referred to collectively herein as the “Lot 1 Property”). 
 C. Seller currently leases the Lot 1 Property pursuant to that certain Lease dated December 20, 2005 (the “Lease”), between Lot 1
Owner’s predecessor in interest, Kan Am Riverfront Campus, LP (“Riverfront”), as landlord, and Seller, as tenant, which will be assigned to Buyer at the closing of the purchase and sale of the Lot 1 Property. Riverfront and
Seller executed a Memorandum of Lease with respect to the Lease, dated December 20, 2005, and recorded as Instrument No. D205379265, Real Property Records of Tarrant County, Texas (the “Memorandum”). Lot 1 Owner and Seller
amended the Memorandum pursuant to that certain Amendment to Memorandum of Lease dated June 15, 2007, recorded as Instrument No. D207219120, which amendment provided notice that Lot 1 Owner had accepted an assignment of all of Riverfront’s
right, title and interest as “Landlord” under the Lease. 
 D. Seller owns the RS Property (as defined in Section 1(a)(ii)
below), which is adjacent to the Lot 1 Property. 
 E. Buyer desires to purchase the RS Property and certain other real and personal property
from Seller, which shall be used in connection with the Campus. 
 F. Seller desires to sell the Property (as defined in Section 1
below) to Buyer in consideration of Buyer agreeing to amend the Lease as set forth herein. 

 In consideration of the mutual covenants and agreements herein contained, and intending to be legally
bound hereby, the parties hereto agree as follows: 
 1. Sale and Purchase. 
 (a) Seller hereby agrees to sell, transfer and convey to Buyer, and Buyer hereby agrees to purchase and accept from Seller, in each case for the
Consideration (as defined in Section 2 below) and on and subject to the other terms and conditions set forth in this Agreement, the following (collectively, the “Property”): 
 (i) Those certain tracts of real property owned by Seller described as Lots 2 and 3, Block 1, RadioShack Addition, an Addition to the City
of Fort Worth, Texas, according to the replat thereof recorded in Cabinet A, Slide 10730, Plat Records of Tarrant County, Texas, together with all of Seller’s right, title and interest, if any, in and to all easements, rights of way,
appurtenances, strips and gores of land, water rights and other interests, rights and benefits thereunto belonging, and to all public or private streets, roads, avenues, alleys, or passageways, open or proposed, on or abutting the parcels of land
(collectively, the “RS Land”). 
 (ii) All improvements on, over, under or to the RS Land, if any (the
“RS Improvements”; the RS Land and the RS Improvements may be collectively referred to herein as the “RS Property”) (the Lot 1 Property and the RS Property may be collectively referred to herein as the “Real
Property”). 
 (iii) All of Seller’s right, title and interest in and to the oil, gas and other minerals
in, on or under the RS Land and the Lot 1 Land (“Mineral Estate”). 
 (iv) All of Seller’s right,
title and interest in and to all fixtures, furniture, equipment, machinery and similar personal property located on the Lot 1 Land that is owned by Seller, except for the Excluded Property (as defined in Section 1(b) below) (the
“Personal Property”). The Personal Property shall be conveyed to Buyer on an as-is, where-is basis and without warranty of any kind except that the Personal Property shall be conveyed free and clear of any liens. The Personal
Property shall be conveyed subject to the terms and provisions set forth in any applicable Contract (as defined in Section 1(a)(v) below) pertaining to any part thereto. On or before the Closing Date, Buyer shall provide to Seller a fully
executed Texas Sales and Use Tax Exemption Certification in respect of the purchase of the Personal Property. Such certification must be in the form required by applicable law to enable Seller to legally exempt the sale of the Personal Property to
Buyer from imposition of otherwise applicable sales and/or use tax charges. 
 (v) To the extent assignable, all of
Seller’s interest in all service, maintenance, labor and similar contracts pursuant to which services or goods are provided for the use and operation of the Real Property and the Personal Property as well as all subleases under the Lease (the
“Contracts”). The Contracts shall be deemed to be Permitted Encumbrances (as defined in Section 3(b) below). 
 (vi) All of Seller’s right, title and interest in the intangible property used in connection with the Real Property including, without limitation, all contract rights, guarantees, architectural drawings, plans and specifications,
licenses, permits, registrations and warranties relating to the ownership, construction, or occupancy of the Real Property, if any (the “Intangible Personal Property”). 

 (vii) As an appurtenance to the RS Land conveyed under Section 1(a)(i) above, all of
Seller’s right, title, and interest, without warranty, in and to that certain easement estate as created in Agreement dated October 7, 1953, between Tarrant County Water Control and Improvement District Number #1 and Leonards, recorded in
Volume 2645, Page 494, Deed Records of Tarrant County, Texas and in that Easement Agreement dated March 1, 1965, between Tarrant Water Control and Improvement District #1 and Leonards, Inc., recorded in Volume 4049, Page 356, Deed Records of
Tarrant County, Texas, as well as that certain easement estate reserved by Tandy Corporation in deed dated December 1, 1977 to Tarrant County Water Control and Improvement District No. 1, recorded in Volume 6352, Page 995, Deed Records of
Tarrant County, Texas (collectively, the “Parking Easements”). 
 (viii) Seller’s Additional
Consideration (as defined in Section 7(b)(10) below). 
 (b) Notwithstanding anything to the contrary, the Property conveyed by Seller
to Buyer pursuant to this Agreement shall not include any of the following (collectively, the “Excluded Property”): 
 (i) All of Seller’s office equipment (not including the audio/video meeting, projecting, and conferencing equipment currently located in the East Fork and Trinity Buildings) and computer and data processing equipment located on the Lot
1 Property and all inventory, merchandise, supplies and trade fixtures used in connection with Seller’s retail and model stores located on the Lot 1 Property; 
 (ii) All economic development incentives (the “Excluded Incentives”) including, but not limited to, economic development
grants and property tax abatements and reimbursements previously or at any time granted to Seller by the City of Fort Worth, the Tax Increment Reinvestment Zone Number Six, City of Fort Worth, Texas, or any other Governmental Authority (as defined
in the Lease); 
 (iii) All of Seller’s furniture and equipment (including audio/video meeting and conferencing
equipment), decorations, furnishings, and interior artwork located in the West Fork and Clear Fork Buildings located on Lot 1 (except for items of personal property used in the operation or maintenance of these two buildings) and certain other
furniture and equipment owned by Seller located on the Lot 1 Property described on Exhibit A attached hereto (the “Excluded Personal Property”); and 
 (iv) Any trade names, service marks, trademarks (and any exterior sign facings or panels bearing any of the foregoing to the extent that
such can be removed from monument signs or other Lot 1 Improvements without damage thereto), patents, other intellectual property, trade secrets, phone numbers and the like which are associated with Seller’s business. 

 (c) The Property shall be conveyed subject to the Permitted Encumbrances. 
 2. Consideration. As consideration (“Consideration”) for Seller conveying the Property to Buyer, Buyer agrees to amend the Lease pursuant
to and in accordance with the Amended and Restated Lease (as defined in Section 18). The execution of the Amended and Restated Lease by Buyer at Closing shall be a condition precedent to Seller’s obligation to convey the Property to Buyer.

 3. Title Exceptions. 
 (a)
Attached as Exhibit B is Schedule B of that certain Commitment for Title Insurance issued by Rattikin Title Company, Attention: Larry Townsend, 201 Main Street, Suite 800, Fort Worth, Texas 76102, telephone number (817) 332-1171,
telecopier number (817) 877-4237 (the “Title Company”) as agent for Chicago Title Insurance Corporation, dated effective as of June 10, 2008 (the “Commitment”). In addition, Buyer acknowledges that prior
to the Effective Date, Buyer has received that certain survey of the Lot 1 Property and the RS Property prepared by Eugene D. Abbey, RPLS No. 4886, dated June 20, 2008, revised June 23, 2008 (the “Survey”).

 (b) At Closing, provided that neither Buyer nor Seller has terminated this Agreement pursuant to the terms hereof, Seller shall transfer
title to the RS Property and the Mineral Estate to Buyer pursuant to the Deed (as defined in Section 7(b)(1)), subject only to (i) the Contracts, (ii) any matter shown in paragraphs 1, 5 and 10 of Schedule B to the Commitment, and
(iii) any matter which appears on the Survey (“Permitted Encumbrances”). 
 4. Due Diligence. Buyer acknowledges that
prior to the Effective Date, (i) pursuant to that certain Confidentiality Agreement by and between Seller and Buyer dated May 8, 2008 (“Confidentiality Agreement”), Seller delivered to Buyer certain due diligence documents
and (ii) pursuant to that certain Agreement for Temporary Access for Site Investigation, by and between Seller and Buyer dated May 28, 2008 (“Access Agreement”), Buyer has inspected and tested the Property to the extent
deemed necessary or desirable by Buyer. 
 5. Representations and Warranties of Seller. 
 (a) Subject to all matters disclosed in the Confidential Information (as defined in the Confidentiality Agreement), and subject to any information
discovered by Buyer or other information disclosed in writing to Buyer by Seller or any other person prior to the Closing (all such matters being referred to herein as “Exception Matters”), Seller represents and warrants to Buyer
and agrees with Buyer as follows: 
 (i) Seller is a corporation organized and validly existing under the laws of the State of
Delaware, is qualified to do business and is in good standing in the State of Texas, and has all requisite power and authority to enter into this Agreement and all related agreements and perform its obligations hereunder. The execution and delivery
of this Agreement by Seller has been duly authorized. This Agreement and any other documents executed in connection herewith have been duly executed and delivered, and are legally valid obligations of Seller, enforceable in accordance with their
terms. 

 (ii) The execution and delivery of this Agreement and the consummation of the
transactions contemplated hereunder on the part of Seller do not and will not conflict with or result in the breach of any material terms or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge,
or encumbrance upon any of the Property or assets of Seller by reason of the terms of any contract, mortgage, lien, lease, agreement, indenture, instrument or judgment to which Seller is a party or which is binding upon Seller or which otherwise
affects Seller, which will not be discharged or released at Closing. 
 (iii) Seller has not received any written notice of
any pending or contemplated condemnation, eminent domain or similar proceeding with respect to all or any portion of the Real Property; provided, however, Buyer acknowledges that Seller has disclosed to Buyer the general concept of the Trinity River
Vision project and that this representation is subject thereto. To Seller’s current actual knowledge, no portion of the Real Property is proposed to be taken as part of the Trinity River Vision project. 
 (iv) Seller has not received written notice of any existing violations of any federal, state, county or municipal laws, ordinances,
orders, codes, regulations or requirements affecting the Real Property which have not been cured. 
 (v) To Seller’s
current actual knowledge, there is no action, suit or proceeding pending or threatened against or affecting the Real Property, or arising out of the ownership, management or operation of the Real Property, this Agreement or the Lot Contract or the
transactions contemplated hereby. 
 (vi) Seller is not a “foreign person” as defined in Section 1445(f)(3) of
the Internal Revenue Code. 
 (vii) To Seller’s current actual knowledge, there are no authorizations, consents or
approvals of and filings with any Governmental Authority or any other person or entity required with respect to Seller for the execution and delivery of the documents contemplated by this Agreement and the performance of its obligations thereunder
and under the Lease. 
 (viii) To Seller’s current actual knowledge, the Real Property, including the use and operation
thereof, is in substantial compliance with all applicable legal requirements, including without limitation, the Americans With Disabilities Act, Public Law 101-336, as codified, and with all applicable requirements of every Governmental Authority,
including without limitation, zoning, subdivision, building and environmental requirements. To Seller’s current actual knowledge, (A) except for the Excluded Incentives, there are no special or preferential assessments in effect with
respect to the Real Property, and (B) except for Permitted Encumbrances there are no written agreements with any Governmental Authority which affect the Real Property. 

 (ix) Pursuant to the Confidentiality Agreement, Seller has delivered to Buyer, among
other things, copies of the Phase I Environmental Site Assessment (including a limited asbestos survey) dated May 14, 2001 and the Phase II Environmental Site Assessment dated June 4, 2001, both prepared by Carter & Burgess, Inc.
To Seller’s current actual knowledge, Seller has received no written notice from any Governmental Authority of any violation of any Environmental Laws (as defined in the Lease) in relation to the Real Property. 
 (x) To Seller’s current actual knowledge, Seller has not received written notice or demand from any of the insurers of all or any
portion of the Real Property (or insurers of any activities conducted thereon) to correct or change any physical condition on the Real Property or any practice of Seller. 
 (xi) To Seller’s current actual knowledge, Seller has received no written notice from any Governmental Authority of (A) any
pending or contemplated change in any federal, state or local governmental or private restriction applicable to the Real Property, (B) any pending or threatened judicial or administrative action applicable to the Real Property, or (C) any
action pending or threatened by adjacent land owners or other persons, which would result in a material adverse change in the condition of the Real Property, or any part thereof, or in any material way prevent or limit the operation of the
Improvements or the Lot 1 Improvements or any part thereof. 
 (b) As used in this Agreement, or in any other agreement, document,
certificate or instrument delivered by Seller to Buyer, the phrase “to Seller’s current actual knowledge” or any similar phrase shall mean the current actual, not constructive or imputed, knowledge of Bob Donohoo and Mark
Hullinger. 
 (c) Buyer agrees to inform Seller promptly in writing if it discovers that any representation or warranty of Seller is
inaccurate in any material respect, or if it believes that Seller has failed to deliver to Buyer any document or material which it is obligated to deliver hereunder. 
 (d) The representations and warranties set forth in this Section 5, each of which shall be true in all material respects as of the date hereof and at Closing, shall be for the benefit of Buyer and its respective
successors and assigns and shall be binding upon Seller and each of its successors and assigns and shall survive the Closing for a period of one (1) year from the date of the Closing after which time they will terminate and be of no further
force or effect. Subject to the terms and provisions set forth herein, Seller shall, as Buyer’s exclusive remedy, defend, indemnify and hold harmless Buyer and its successors and assigns, from and against any and all liabilities, losses,
damages, costs, expenses (including without limitation reasonable attorneys’ fees and expenses), causes of action, suits, claims, demands or judgments should any representation or warranty set forth in this Section 5 prove to have been
untrue or inaccurate in any material respect when made. No right of rescission shall be available to Buyer or its successors and assigns if any representation or warranty set forth in this Section 5 shall prove to have been untrue or inaccurate
in any material respect when made. 

 6. Conditions Precedent to Buyer’s Obligations. All of Buyer’s obligations hereunder are
expressly conditioned on the satisfaction at or before the time of Closing hereunder, or at or before such earlier time as may be expressly stated below, of each of the following conditions (any one or more of which may be waived in writing in whole
or in part by Buyer, at Buyer’s option), and in the event that any of the conditions set forth below has not so been fully satisfied or waived, then Buyer shall have the right, in its discretion, to terminate this Agreement by notice to Seller,
whereupon this Agreement shall terminate and Seller and Buyer shall have no further obligations hereunder except for any obligations which expressly survive the termination of this Agreement: 
 (i) All of the representations and warranties of Seller contained in this Agreement shall have been true and correct in all material
respects when made, and shall be true and correct in all material respects on the date of Closing with the same effect as if made on and as of such date. 
 (ii) Seller shall have performed, observed and complied in all material respects with all covenants, agreements and conditions required by this Agreement to be performed, observed and complied with on its part prior
to or as of Closing hereunder. 
 (iii) All instruments and documents required on Seller’s part to effectuate this
Agreement and the transactions contemplated hereby shall be delivered to Buyer and shall be in form and substance consistent with the requirements herein. 
 (iv) The Title Company’s commitment to issue the Owner Policy in the form required by the Commitment, as the same may have been supplemented, in the amount set forth in Section 7(b)(3) below. 
 7. Closing; Deliveries. 
 (a) Subject to
Section 19(b) below, the closing (“Closing”) shall take place on or before June 25, 2008, at the offices of the Title Company, or on such other date as may be agreed to in writing by both Seller and Buyer (“Closing
Date”). 
 (b) At Closing, Seller shall deliver to Buyer (or the Title Company, as appropriate) the following, and it shall be a
condition to Buyer’s obligation to close that Seller shall have delivered the same to Buyer: 
 (1) A Special Warranty
Deed (“Deed”) conveying the RS Property and the Mineral Estate to Buyer, including a conveyance without warranty of the Parking Easements, duly executed and acknowledged by Seller and substantially in the form of Exhibit
C, subject to the Permitted Encumbrances. 
 (2) Two (2) original counterparts of an Assignment of Warranties and
Permits and Bill of Sale (“Assignment and Bill of Sale”) assigning and conveying the Personal Property, Contracts and Intangible Personal Property to Buyer, substantially in the form of Exhibit D, duly executed by
Seller. 

 (3) The Title Company’s irrevocable commitment to issue a TLTA Owner Policy of Title
Insurance (“Owner Policy”) to Buyer, at Seller’s expense, insuring that, upon Closing, Buyer is the owner of indefeasible fee simple title to the RS Property and the owner of Seller’s rights under the Parking Easements
subject only to the Permitted Encumbrances and the standard printed exceptions included in a Texas Standard Form Owner Policy of Title Insurance, and containing, at Buyer’s expense, such endorsements as requested by Buyer. Without limiting the
generality of the foregoing, the printed form exception for restrictive covenants must be deleted unless one or more restrictive covenants are included among the Permitted Encumbrances; there must be no exception for rights of parties in possession
except Seller as tenant under the Lease and any other tenants disclosed in the Lease or the Confidential Information (as defined in the Confidentiality Agreement, and the standard exception for taxes must read: “Standby fees, taxes and
assessments by any taxing authority for the year 2008 and subsequent years, and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership.” Seller and Buyer agree that the Owner Policy
shall be issued in the amount of $100,000 and may be combined into the Owner Policy being issued under the Lot 1 Contract. 
 (4) An original Certificate executed by the secretary of Seller (or appropriate authorized officer) containing resolutions authorizing the sale of the Property pursuant to this Agreement. 
 (5) An original incumbency certificate for Seller. 
 (6) Original good standing certificates for Seller from the Delaware and Texas Secretaries of State. 
 (7) True and correct copies of all documents (to the extent in Seller’s possession) evidencing or relating to any of the Intangible
Personal Property. Buyer acknowledges that some or all of such documents may be delivered to Buyer after Closing. 
 (8)
Possession and occupancy of the Real Property, subject to the Permitted Encumbrances and the Lease (as amended in accordance with Section 18). 
 (9) Four (4) original counterparts of a closing statement (the “Closing Statement”) for the purchase and sale of the Property, in form and substance reasonably acceptable to Buyer and Seller.

 (10) Immediately available funds via wire transfer in the amount of $2,250,000.00 (such amount being the difference between
the purchase price under the Lot 1 Contract and the amount of $235,000,000.00 which Buyer is paying towards the purchase price under the Lot 1 Contract) (“Seller’s Additional Consideration”). 
 (11) Seller’s affidavit setting forth its U.S. Taxpayer Identification Number, its office address, and its statement that it is not a
“foreign person” as defined in Internal Revenue Code §1445(f)(3), as amended. 

 (12) Four (4) original counterparts of the Amended and Restated Lease, duly executed
by Seller. 
 (13) An original Memorandum of Amended and Restated Lease (as defined in Section 18 below), duly executed
and acknowledged by Seller. 
 (14) An estoppel certificate executed by Seller in connection with the Lease in the form
attached hereto as Exhibit E. 
 (15) An original Memorandum of Option (as defined in Section 20 below) and
an original Termination of Option (as defined in Section 20 below), which shall be held in escrow pursuant to Section 20 below, duly executed and acknowledged by Seller. 
 (16) An original Escrow Agreement (as defined in Section 20 below), duly executed by Seller. 
 (17) All other instruments and documents reasonably required by the Title Company to issue the Owner Policy and/or to effectuate this
Agreement and the transactions contemplated hereby. 
 (c) At Closing, Buyer shall deliver to Seller (or the Title Company, as appropriate)
the following, and it shall be a condition to Seller’s obligation to close that Buyer shall have delivered the same to Seller: 
 (1) Two (2) original counterparts of the Assignment and Bill of Sale, duly executed by Seller. 
 (2) Four
(4) original counterparts of the Closing Statement. 
 (3) Four (4) original counterparts of the Amended and
Restated Lease, duly executed by Buyer. 
 (4) An original Memorandum of Amended and Restated Lease, duly executed and
acknowledged by Buyer. 
 (5) An original Memorandum of Option and an original Termination of Option, duly executed and
acknowledged by Buyer. 
 (6) A Texas Sales and Use Tax Exemption Certification as required by Section 1(a)(iv) executed
by Buyer. 
 (7) An original Escrow Agreement, duly executed by Buyer. 

 (8) All other instruments and documents reasonably required by the Title Company to
effectuate this Agreement and the transactions contemplated hereby. 
 8. Taxes; Closing Costs. 
 (a) Seller and Buyer shall each pay their respective attorney’s fees. Seller shall pay the base premium for the Owner Policy, and Buyer may purchase,
at its expense, any additional coverage or endorsements in excess of the standard TLTA Owner Policy. Buyer shall pay for the Survey. All other escrow and closing costs shall be paid in the customary fashion for transactions in the Fort Worth, Texas
area. 
 (b) Real property taxes on the Real Property (Lot 1 Property and RS Property) (except any property taxes assessed against any of the
Excluded Property) for the current year and rents (except for rents under the Lease for the month of June 2008, which shall be retained in full by the Lot 1 Owner in connection with the sale and purchase of the Lot 1 Property) and all other
operating income and expenses related to the Lot 1 Property and the Property and the Contracts, shall be prorated at the Closing, effective as of the Closing Date, using the best available computations of such items. At Closing, the Title Company
shall estimate Seller’s prorata share of 2008 taxes (“Seller’s Estimated Taxes”) by applying 2007 tax rates to the 2008 assessment values for the Real Property. Seller shall pay Seller’s Estimated Taxes to the Title
Company at Closing with instructions to deliver such funds to the Tarrant County Tax Assessor/Collector and to request a written receipt for such funds. If the total tax liability for the Real Property calculated as of the Closing Date exceeds
Seller’s Estimated Taxes, Seller shall promptly pay such deficiency to the Title Company. If such tax liability is less than Seller’s Estimated Taxes, the Title Company shall promptly refund such excess to Seller upon its receipt of same
from the tax collector. Seller shall be responsible for any taxes owed or charged for prior tax years. Seller and Buyer may enter into an agreement at Closing to prorate operating expenses relating to the Lot 1 Property and the Property paid or
incurred by either party for pre and post Closing periods of time. The obligations of Seller and Buyer under this Section 8(b) shall survive the Closing. 
 9. Disclaimer. 
 (a) Subject to the representations and warranties of Seller contained in Section 5 hereof, Buyer
expressly acknowledges that the Property is being sold and accepted AS-IS, WHERE-IS AND WITH ALL FAULTS and, except as expressly set forth herein, Seller makes no representations or warranties with respect to the physical condition or any
other aspect of the Property, including, without limitation, (i) the structural integrity of any Improvements on the Property, (ii) the manner, construction, condition, and state of repair or lack of repair of any of such Improvements,
(iii) the conformity of the Improvements to any plans or specifications for the Property, including but not limited to any plans and specifications that may have been or which may be provided to Buyer, (iv) the conformity of the Property
to past, current or future applicable zoning or building code requirements or the compliance with any other laws, rules, ordinances, or regulations of any government or other body, (v) the financial earning capacity or history or expense
history of the operation of the Property, (vi) the nature and extent of any right-of-way, lease, possession, lien, encumbrance, license, reservation, condition, or otherwise, 

 
(vii) the existence of soil instability, past soil repairs, soil additions or conditions of soil fill, susceptibility to landslides, sufficiency of
undershoring, sufficiency of drainage, (viii) whether the Property is located wholly or partially in a flood plain or a flood hazard boundary or similar area, (ix) the existence or non-existence of asbestos, underground or above ground
storage tanks, hazardous waste or other toxic or hazardous materials of any kind or any other environmental condition or whether the Property is in compliance with applicable laws, rules and regulations, (x) the Property’s investment
potential or resale at any future date, at a profit or otherwise, (xi) any tax consequences of ownership of the Property, or (xii) any other matter whatsoever affecting the stability, integrity, other condition or status of the Property or
any Improvements situated on all or part of the Property (collectively, the “Property Conditions”), and except as expressly set forth herein, BUYER HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVES ANY AND ALL ACTUAL OR POTENTIAL
RIGHTS BUYER MIGHT HAVE REGARDING ANY FORM OF WARRANTY, EXPRESS OR IMPLIED, OR ARISING BY OPERATION OF LAW, INCLUDING, BUT IN NO WAY LIMITED TO ANY WARRANTY OF CONDITION, HABITABILITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE relating
to the Property, its Improvements or the Property Conditions, such waiver being absolute, complete, total and unlimited in any way. 
 (b)
Subject to Seller’s representations and warranties set forth in Section 5 above, Buyer acknowledges that the Property may not be in compliance with all regulations, rules, laws and ordinances that may apply to the Property or any part
thereof and the continued ownership, maintenance, management and repair of the Property (“Requirements”). Buyer shall be solely responsible for any and all Requirements, Property Conditions, and all other aspects of the Property,
whether the same shall be existing as of the Closing Date or not. To the fullest extent permitted by law, except for claims based on fraud, Buyer hereby waives any and all rights and benefits which it now has, or in the future may have, conferred
upon it by virtue of any applicable state, federal, or local law, rule, or regulation as a result of the purchase of the Property, including, without limitation, (i) the provisions of the Deceptive Trade Practices-Consumer Protection Act of the
State of Texas, (ii) any other comparable statute of the State of Texas, and (iii) any environmental law, rule, or regulation whether federal, state or local, including, without limitation, the Comprehensive Response, Compensation and
Liability Act of 1980 (42 U.S.C. §§9601 et seq.) as amended by the Superfund Amendments and Reauthorization Act of 1986, and any analogous federal or state laws, including without limitation, the Texas Solid Waste Disposal Act. With
respect to Buyer’s waiver of the above, Buyer represents and warrants to Seller that: (a) Buyer is not in a significantly disparate bargaining position; (b) Buyer is represented by legal counsel in connection with the sale
contemplated by this Agreement; and (c) Buyer is knowledgeable and experienced in the purchase, operation, ownership, refurbishing and sale of commercial real estate, and is fully able to evaluate the merits and risks of this transaction. As
part of the provisions of this Section 9(b), but not as a limitation thereon, Buyer hereby agrees, represents and warrants that the matters released herein are not limited to matters which are known or disclosed. In this connection, to the
extent permitted by law, Buyer hereby agrees, represents, and warrants that it realizes and acknowledges that factual matters now unknown to it may have given or may hereafter give rise to causes of action, claims, demands, debts, controversies,
damages, costs, losses and expenses which are presently unknown, unanticipated and unsuspected, and Buyer further agrees, 

 
represents and warrants that the waivers and releases herein have been negotiated and agreed upon in light of that realization and that Buyer nevertheless
hereby intends to release, discharge and acquit Seller from any such unknown causes of action, claims, demands, debts, controversies, damages, costs, losses and expenses which might in any way be included in the waivers and matters released as set
forth in this Section 9(b) above, subject to the representations and warranties of Seller contained in Section 5 hereof. 
 (c)
Without limiting the generality of the foregoing, Buyer acknowledges that except with respect to any Seller’s representations and warranties set forth in Section 5 above, Seller does not make any representations whatsoever as to the
presence or absence of hazardous substances or toxic wastes on the Property, nor as to any disposal or release thereof on the Property at any time. Other than as may arise in connection with a breach of a representation or warranty of Section 5
hereof or a claim based on fraud, BUYER HEREBY KNOWINGLY WAIVES AND RELEASES SELLER FROM ALL CLAIMS THAT BUYER MAY NOW HAVE OR MAY BE ABLE TO ASSERT IN THE FUTURE (INCLUDING, BUT NOT LIMITED TO, ANY ACTIONS BASED ON FEDERAL, STATE OR COMMON LAW
AND ANY COST-RECOVERY OR CONTRIBUTION CLAIM OR OTHER PRIVATE RIGHT OF ACTION UNDER THE COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION, AND LIABILITY ACT OF 1980, AS AMENDED (“CERCLA”), THE RESOURCE CONSERVATION AND RECOVERY ACT OF
1976, AS AMENDED, THE TEXAS SOLID WASTE DISPOSAL ACT, AS AMENDED, OR ANY OTHER STATE OR FEDERAL LAW TO WHICH THE PROPERTY IS OR MAY BE SUBJECT, INCLUDING ANY CLAIMS BASED ON THE STRICT LIABILITY OR CONCURRENT NEGLIGENCE OF SELLER) REGARDING THE
PHYSICAL CHARACTERISTICS OR CONDITION (INCLUDING THE PRESENCE OR RELEASE IN THE SOIL, AIR, STRUCTURES, SURFACE OR SUBSURFACE WATERS, OR ELSEWHERE ON THE PROPERTY, OF HAZARDOUS SUBSTANCES (AS DEFINED BY CERCLA) OR SUBSTANCES THAT HAVE BEEN OR MAY IN
THE FUTURE BE DETERMINED TO BE TOXIC, HAZARDOUS, UNDESIRABLE OR SUBJECT TO REGULATION, TREATMENT OR REMOVAL), VALUATION, SALABILITY OR UTILITY OF THE PROPERTY, OR ITS SUITABILITY FOR ANY PURPOSE WHATSOEVER. Buyer further hereby assumes the risk
of changes in applicable laws and regulations relating to past, present and future environmental conditions on the Property. 
 Notwithstanding anything to the contrary, all of the terms and provisions of this Section 9 shall survive the Closing. 
 10. Default;
Remedies. 
 (a) In the event Buyer fails to close this transaction by the Closing Date, other than due to Seller’s default or
termination hereof by Buyer pursuant to the applicable provisions hereof, Seller may, at its option and as its sole and exclusive remedy, either bring a suit for damages not to exceed Three Million Dollars ($3,000,000.00) or seek to enforce specific
performance of this Agreement. 
 (b) In the event that the closing of this transaction does not occur by reason of 

 
Seller’s default hereunder, Buyer may, at its option and as its sole and exclusive remedy, either terminate this Agreement or seek to enforce specific
performance of this Agreement. In no event shall any consequential damages be recovered by Buyer against Seller arising out of any alleged default under this Agreement. 
 11. Confidentiality. Buyer and Seller agree that the terms and provisions set forth in this Agreement and in any exhibits or schedules attached hereto and any negotiations associated with the transaction
described herein shall be deemed to be Confidential Information. Buyer may disclose the Confidential Information only in accordance with the terms and provisions set forth in the Confidentiality Agreement. 
 12. Notices. All notices and other communications provided for herein shall be in writing and shall be sent to the addresses or facsimile numbers set forth
below (or such other address or number as a party may hereafter designate for itself by notice to the other parties as required hereby) of the party for whom such notice or communication is intended: 
  

					
	If to Seller:	  	RadioShack Corporation	  	
		  	 300 RadioShack Circle, MS 3-307
 Fort Worth,
Texas 76102
 Attn.: Jim Gooch, Executive Vice President and Chief Financial Officer
 Facsimile: (817) 415-3744
	  	
		
	With a copy to:	  	
			
		  	 RadioShack Corporation
 300 RadioShack Circle,
MS CF4-101
 Fort Worth, Texas 76102
 Attn.: Bob Donohoo, Vice
President and General Counsel
 Facsimile: (817) 415-6593
	  	
		
	And with a copy to:	  	
			
		  	 E. Brad Mahon
 Murphy Mahon Keffler &
Farrier, L.L.P.
 500 Main Street, Suite 1200
 Fort Worth, Texas
76102
 Facsimile: (817) 877-3668
	  	
			
	If to Buyer:	  	Tarrant County College District	  	
		  	 1500 Houston Street
 Fort Worth, Texas
76102
 Attn: Dr. Leonardo de la Garza
 Facsimile
(817) 515-5450
	  	

					
	
	With a copy to:
			
		  	 Burch Waldron
 Law, Snakard & Gambill,
P.C.
 1600 W. 7th Street, Suite 500
 Fort Worth, Texas 76102-2598
 Facsimile (817) 332-7473
	  	
			
	 If to Title
 Company:
	  	 Rattikin Title Company
 201 Main Street, Suite
800
 Fort Worth, Texas 76102
 Attn: Larry Townsend
 Facsimile (817) 877-4237
	  	

 Notices shall be sent by (i) U. S. registered or certified mail, postage prepaid, return receipt requested,
(ii) reputable overnight delivery service providing proof of receipt, (iii) hand delivery, or (iv) legible facsimile transmission sent to the intended addressee at the addresses and/or numbers set forth above, in which case they shall
be deemed delivered on the date of actual delivery to said offices or on the date of refusal to accept delivery, in the case of (i), (ii) or (iii) above, or on the date of the facsimile transmission (or the next business day if transmitted
later than 5:00 p.m. in the recipient’s time zone), provided that an original of such facsimile is also sent to the intended addressee by means described in clauses (i), (ii) or (iii) above. Any notice delivered pursuant to clause
(i), (ii) or (iii) above that is actually received or deemed received pursuant to the foregoing provisions after 5:00 p.m. (in the recipient’s time zone) shall be deemed received on the next business day. Either party may by written
notice to the other party given as provided hereunder change its address or facsimile number for service of Notice to any other address or number. Any address so designated shall include a street address for courier delivery. 
 13. Brokers. Seller and Buyer represent and warrant to each other that neither party has engaged any agent, broker, or other similar party in connection
with this transaction except (i) Jones Lang LaSalle Americas, Inc., which represents Seller (“Seller’s Broker”) and (ii) Champion Partners, which represents Buyer (“Buyer’s Broker”). Seller shall
pay to Seller’s Broker a fee pursuant to separate agreement. Buyer shall pay to Buyer’s Broker a fee of $3,075,000 upon the closing of the Lot 1 Property. Each party agrees to indemnify and hold the other harmless from the claims of any
agent, broker, or other similar party claiming by, through, or under the indemnifying party. The provisions of this Section 13 shall survive the Closing or any termination of this Agreement. 
 14. Representations and Warranties of Buyer. Buyer represents and warrants that: 
 (a) Buyer is a political subdivision of the State of Texas duly organized and validly existing under the laws of the State of Texas, and has all requisite
power and authority to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this 

 
Agreement by Buyer has been duly authorized. This Agreement, and all other agreements executed in connection herewith, have been duly executed and delivered
by Buyer, and are legally valid obligations of Buyer, enforceable in accordance with their terms. 
 (b) The execution and delivery of this
Agreement and all related agreements and the consummation of the transactions contemplated hereunder on the part of Buyer does not and will not violate any applicable law, ordinance, statute, rule, regulation, order, decree or judgment, conflict
with or, as of the Closing, result in the breach of any material terms or provisions of, or constitute a default under, or, as of the Closing, result in the creation or imposition of any lien, charge, or encumbrance upon any of the property or
assets of the Buyer by reason of the terms of any contract, mortgage, lien, lease, agreement, indenture, instrument or judgment to which Buyer is a party or which is or purports to be binding upon Buyer or which otherwise affects Buyer, which will
not be discharged, assumed or released at Closing. 
 (c) Buyer hereby acknowledges that, as of the Effective Date, Buyer has been advised in
writing that Buyer should have an abstract covering the RS Land examined by an attorney of Buyer’s own selection or that Buyer should be furnished with or obtain a policy of title insurance. 
 15. Assignment. Buyer may not assign its rights and obligations under this Agreement to any other entity or person without the prior written approval of
Seller. 
 16. Risk of Loss. 
 (a)
In the event of loss or damage to the RS Property or the Personal Property or any portion thereof, this Agreement will remain in full force and effect, in which event Seller will assign to Buyer all of Seller’s right, title and interest to any
claims and proceeds Seller may have with respect to any casualty insurance policies relating to the portion of the RS Property or the Personal Property in question. Upon Closing, full risk of loss with respect to the Property will pass to Buyer.

 (b) In the event of loss or damage to the Lot 1 Property or a condemnation which results in the termination of the Lot 1 Contract, this
Agreement will automatically terminate as provided in Section 20(a). 
 17. Miscellaneous. 
 (a) This Agreement shall be governed by the laws of the State of Texas and shall bind and inure to the benefit of the parties hereto and their respective
successors and permitted assigns. 
 (b) This Agreement or any notice or memorandum hereof shall not be recorded in any public record.

 (c) Time is of the essence of this Agreement. Whenever a date specified in this Agreement falls on a Saturday, Sunday, or federal holiday,
the date will be extended to the next business day. 

 (d) The headings preceding the text of the sections hereof are inserted solely for convenience of
reference and shall not constitute a part of this Agreement, nor shall they affect its meaning, construction or effect. 
 (e) This Agreement
may be executed simultaneously in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. To expedite the transaction contemplated herein, telecopied signatures may be used in
place of original signatures on this Agreement and on any written notice delivered pursuant hereto. Seller and Buyer intend to be bound by the signatures on the telecopied document, are aware that the other party will rely on the telecopied
signatures, and hereby waive any defenses to the enforcement of the terms of this Agreement based on the form of signature. 
 (f) All
Exhibits which are referred to herein and which are attached hereto or bound separately and initialed by the parties are expressly made and constitute a part of this Agreement. 
 (g) Unless otherwise expressly stated in this Agreement, each of the warranties and representations of Seller and of Buyer made hereunder shall survive
the Closing and delivery of the Deed and other closing documents by Seller to Buyer, and shall not be deemed to have merged therewith; provided, however, that any suit or action for breach of any of the representations or warranties
set forth herein must be commenced within one (1) year after the Closing or any claim based thereon shall be deemed irrevocably waived provided that this Section 17(g) shall not be deemed to modify or affect or limit the survival of any
separate representations in the Lease. Unless expressly made to survive, all obligations and covenants of Seller contained herein shall be deemed to have been merged into the Deed and shall not survive the Closing. 
 (h) Any provision of this Agreement that shall be prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without invalidating the remaining provisions hereof and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction, and each party hereto shall remain liable to perform its obligations hereunder except to the extent of such prohibition or unenforceability. To the extent permitted by applicable law, each party hereby waives any provision of law that
renders any provision hereof prohibited or unenforceable in any respect. 
 (i) The submission of this Agreement or a summary of some or all
of its provisions for examination or negotiation by Buyer or Seller does not constitute an offer by Seller or Buyer to enter into an agreement to sell or purchase the Property, and neither party shall be bound to the other with respect to any such
purchase and sale until a definitive agreement satisfactory to the Buyer and Seller in their sole discretion is executed and delivered by both Seller and Buyer. 
 (j) Except for the Confidentiality Agreement and any access agreement previously executed between Seller and Buyer, this Agreement and the Exhibits hereto set forth all of the promises, covenants, agreements,
conditions and undertakings between the parties hereto with respect to the subject matter hereof, and supersede all prior and contemporaneous agreements 

 
and understandings, inducements or conditions, express or implied, oral or written, except as contained herein. This Agreement may not be changed orally but
only by an agreement in writing, duly executed by or on behalf of the party or parties against whom enforcement of any waiver, change, modification, consent or discharge is sought. 
 (k) Seller and Buyer, at the cost and expense of the requesting party (except as otherwise set forth in this Agreement to the contrary), will cause to be
promptly and duly taken, executed, acknowledged and delivered all such further acts, documents and assurances as the other reasonably may request from time to time to carry out more effectively the intent and purposes of this Agreement. 

(l) In the event that litigation is instituted by one party against the other in connection with this Agreement, the prevailing party shall be
entitled to reimbursement from the other party for all of its reasonable attorneys’ fees and expenses. 
 18. Lease. At Closing, Buyer as
landlord, and Seller as tenant, shall enter into (i) an amended and restated Lease (the “Amended and Restated Lease”), which shall be substantially in the form attached hereto as Exhibit F and (ii) a
“Memorandum of Amended and Restated Lease” (herein so called), in form and substance reasonably acceptable to the parties, which shall be recorded in the Real Property Records of Tarrant County, Texas. 
 19. Lot 1 Contract. 
 (a) The parties’
obligation to close the transaction contemplated herein is expressly contingent on the closing of the Lot 1 Contract. If the Lot 1 Contract is terminated for any reason whatsoever, then this Agreement shall automatically terminate and neither party
will have any further obligations one to the other except as set forth in Sections 11 and 13. 
 (b) It is the intent of the parties that the
Closing shall occur concurrently with the closing under the Lot 1 Contract; accordingly, all of the parties’ documents and funds shall be fully executed and delivered into escrow with the Title Company immediately preceding the closing of the
Lot 1 Contract and the Closing Date shall be automatically adjusted as necessary to give effect to such intent. 
 (c) In connection with the
closing of the Lot 1 Contract and subject to the terms and conditions thereof, Buyer agrees to pay $237,250,000 for the purchase price of the Lot 1 Property. As provided in Section 7(b)(10), Seller shall deliver to the Title Company
Seller’s Additional Consideration to be applied by the Title Company in closing the Lot 1 Contract. If the Lot 1 Contract fails to close for any reason, the Title Company shall return to Seller and Buyer all funds delivered by each party in
contemplation of the closing of the Lot 1 Contract. 
 20. Purchase Option. Seller hereby grants to Buyer an option (the
“Option”) to purchase that certain real property described in Exhibit G attached hereto (the “Option Property”). If Buyer elects to exercise the Option, Buyer will provide written notice thereof to
Seller (the “Option Notice”) and Buyer shall acquire the Option Property in accordance with the terms of this Agreement except (a) the purchase price for the Option Property shall be $850,000.00 (the 

 
“Option Price”), (b) Buyer shall conduct, at its sole expense, any title, feasibility and environmental studies and/or other review of
the Option Property prior to Buyer’s exercise of the Option, (c) the closing of the Option Property shall occur within fifteen (15) days after the date of the Option Notice, and (d) Buyer shall accept the Option Property AS
IS, WHERE IS, AND WITH ALL FAULTS and subject to the Permitted Exceptions (to the extent applicable) and all other matters of record and any matters that would be disclosed on a survey of the Option Property as of the date of the Option Notice,
and in the condition existing as of the closing thereof (thereby waiving any obligation of Seller to cure any title defect or property condition). If Buyer properly and timely exercises the Option, Seller shall convey the Option Property to Buyer by
special warranty deed. Buyer shall pay for any title insurance policy covering the Option Property and all closing, recording and escrow fees charged by the Title Company in connection with the conveyance of the Option Property to Buyer.
Notwithstanding anything to the contrary, if the Option Notice is not received by Seller within sixty (60) days after the Closing Date, all of Buyer’s rights, title and interest in and to the Option shall terminate. At Closing, the Option
Price shall be escrowed by the Title Company pursuant to an escrow agreement (the “Escrow Agreement”) in substantially the form as attached hereto as Exhibit H. If Buyer does not timely exercise the Option as provided
herein, the Title Company shall deliver the Option Price to Buyer. A “Memorandum of Option” (herein so called), in form and substance reasonably acceptable to the parties, shall be recorded in the Real Property Records of Tarrant
County, Texas, and a “Termination of Memorandum of Option” (herein so called) in form and substance reasonably acceptable to the parties, shall be signed by the parties at Closing and delivered into escrow with the Title Company. If
Buyer does not timely exercise the option, the Title Company will promptly record the Termination of Memorandum of Option. 
 [Signature
Pages Attached] 

 IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first above
written. 
  

			
	 SELLER:

	
	 RADIOSHACK CORPORATION,
 a Delaware
corporation

		
	By:	 	 /s/ Robert C. Donohoo

		 	Robert C. Donohoo, Vice President and General Counsel

 [Signature page to Purchase and Sale Agreement] 

			
	 BUYER:

	
	 TARRANT COUNTY COLLEGE DISTRICT,
 a political
subdivision of the State of Texas

		
	By:	 	 /s/ Dr. Leonardo de la Garza

		 	Dr. Leonardo de la Garza, Chancellor

 [Signature page to Purchase and Sale Agreement] 

 Title Company Joinder 
 By its execution below, Title Company acknowledges its receipt of a copy of this Agreement and agrees to act as escrow agent thereunder. 
  

			
	 RATTIKIN TITLE COMPANY

		
	By:	 	 /s/ Larry Townsend

	Name:	 	Larry Townsend
	Title:	 	Senior Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}]]