Document:

EX-10.2

 Exhibit 10.2 
 English translation serves information purposes. Original text shall be binding in all respects. 

LOAN AGREEMENT 
 GIT Worms
S.à.r.l. 
 15, rue Edward Steichen 
 L-2540 Luxembourg 
 Grand Duchy of Luxembourg 

- hereinafter referred to as the “Borrower” - 
 and 
 Bayerische Landesbank 
 Brienner Straße 18 
 80333 Munich 
 - hereinafter referred to as the “Bank” - 
 enter into the following Loan
Agreement: 
  

	1.	Loan Amount 

EUR 8,682,000.00 
 (in words: eight million, six hundred eighty-two thousand euros) 
  

	2.	Purpose 

 The loan will be
used to partially finance the purchase price in the total net amount of EUR 14,293,605 for 4 specialized retail centers in 
  

	 	•	 	 67547 Worms, Klosterstraße 40/Cornelius-Heyl-Straße, improved and unimproved land as well as circulation and operating areas (Betriebs-
und Verkehrsflächen), total size: 10,894 sqm 

 - hereinafter referred to as the “Property
Worms” – 
  

	 	•	 	 33330 Gütersloh, Berliner Straße 135, improved and unimproved land, total size: 5,765 sqm 

- hereinafter referred to as the “Property Gütersloh” - 

 

	 	•	 	 27574 Bremerhaven, Schiffdorfer Chaussee 221, 223, 225, 227, improved and unimproved land, total size: 8,095 sqm 

- hereinafter referred to as the “Property Bremerhaven” - 

 

	 	•	 	 30179 Hanover, Dresdner Straße 3, Vahrenheider Markt 16-18, improved and unimproved land, total size: 6,279 sqm 

- hereinafter referred to as the “Property Hanover” - 

- Property Worms, Property Gütersloh, Property Bremerhaven and Property Hanover will hereinafter together be referred to as the
“Financing Properties” and/or the “Properties serving as Collateral”. 
 The loan shall be used
as follows: 
  

									
	 	  	Purchase price
excluding VAT	 	  	Proportionate loan
amount excluding VAT	 
	 Property Worms
	  	 	EUR 4,400,000	  	  	 	EUR 2,810,000	  
	 Property Gütersloh
	  	 	EUR 2,925,000	  	  	 	EUR 1,752,000	  
	 Property Bremerhaven
	  	 	EUR 2,900,000	  	  	 	EUR 1,670,000	  
	 Property Hanover
	  	 	EUR 4,068,605	  	  	 	EUR 2,450,000	  
	 Total
	  	 	EUR 14,293,605	  	  	 	EUR 8,682,000	  

  
 1 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

 The costs in the amount of EUR 5,611,605 that are not co-financed by the Bank shall
be paid by the Borrower in advance out of the Borrower’s equity capital or in the form of shareholder loans, and proof thereof shall be provided to the Bank prior to disbursement. The equity capital or shareholder loans shall be paid
proportionately prior to disbursement of the respective proportionate loan amount to be disbursed for the respective property, and proof thereof shall be provided to the Bank. 

 

	3.	Disbursement 

 The loan
can be drawn upon by the Borrower once the Bank has notified the Borrower that it has been provided with all documents and proof specified in the schedule of disbursement conditions. 

If the Bank agrees in the individual case to a drawdown of the loan before all conditions have been fulfilled, the Borrower shall not be
released from its duties to provide securities and to fulfill all other disbursement conditions that have not yet been fulfilled. 
 A proportionate amount of the loan pursuant to Sec. 2 shall be paid out for each property. 
 The Borrower shall notify the Bank of any drawdown in a written request for disbursement two banking days1 in advance. 
  

	4.	Drawdown Period 

 The loan
shall be fully drawn by no more than four disbursements no later than 01.01.2013 as from the signing of this Loan Agreement. 

The Bank is entitled to terminate the undrawn portion of the loan if the loan has not been drawn at all or only in part by the
contractually agreed date. If the loan is not accepted, the Bank is not entitled to charge a prepayment fee or lost profit for the non-accepted portion of the loan. This does not apply where the Bank has already refinanced the loan after entering
into an agreement on conditions (fixed interest loan or fixed interest loan on EURIBOR); in this case the Borrower shall reimburse the Bank for its refinancing damage (excluding lost profit). 

 

	5.	Term of Loan 

 The term of
the loan will end on 01 August 2019. 
  

	6.	Terms and Conditions 

  

	6.1	Disbursement Rate 

 The
disbursement rate of the loan is 100%. 
 The loan shall be repaid in full. 

 

	6.2	Interest and Repayment 

  

	 	6.2.1	Fixed-Interest Loan 

The Borrower can draw the loan in whole or in part with interest at a fixed rate. Such rate will be determined on the basis of the
Bank’s cost of funds plus a margin of 1.80% p.a. (incl. liquidity costs) (interest method act/360) (). 
  

 

	1 	 Banking day hereinafter means any day on which commercial banks in Munich are open to the public and the Trans-European Automated Real-time Gross
Settlement Express Transfer system (TARGET) is at the same time open for the settlement of payments. 

  
 2 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

 The interest rate shall be agreed on at customary market conditions no later than 2 days
prior to utilisation of the portion of the loan to be called in a separate agreement on conditions. This agreement on conditions shall form an integral part of this Loan Agreement. 

A fixed interest rate shall be agreed on until expiry of the term. 

Interest shall be due and payable every six months in arrears, on 15 January and 15 July every year respectively. 

 

	 	6.2.2	 Fixed-Interest Loan on
EURIBOR2 

The Borrower can draw the loan in whole or in part as roll-over fixed-interest loan on EURIBOR basis with fixed-interest periods of 6
months. Repayment of the loan during the relevant agreed fixed-interest period shall be excluded. 
 The term of a fixed-interest
period shall not exceed the term of the loan. 
 This may lead to the last fixed-interest period being shorter than
6 months. 
 The Bank will charge interest to the Borrower for all fixed-interest periods at the rate of the applicable
EURIBOR plus a margin of 1.80% p.a. (incl. liquidity costs) on the relevant drawing. 
 Interest shall be calculated according to
calendar days based on act/360 days and shall be due and payable at the end of each fixed-interest period. 

If the end of a fixed-interest period falls on a day that is not a banking day, the calculation and maturity of the
interest payment shall be shifted to the next banking
day1. 

If that next banking day falls in the next month, the calculation and maturity of the interest payment shall be shifted to the preceding
banking day. 
 Every subsequent fixed-interest period shall then end again on the calendar day that—had the above shifting
rules not been applied—is the last calendar day of the first interest period. As the case may be, the aforementioned shifting rules may be applied to such subsequent fixed-interest period again. 

In case the EURIBOR cannot be determined two banking days before the beginning of the first fixed-interest period, the parties shall
negotiate the interest rate for the first fixed- interest period. The Bank is not obliged to make a disbursement until an agreement on the interest rate has been reached. If the parties fail to reach an agreement within 15 days, the Bank shall be
released from its disbursement obligation. In case the EURIBOR cannot be determined two banking days before the beginning of a fixed-interest period following the first fixed-interest period, the Bank shall charge the Borrower interest for the
relevant fixed-interest period at the rate customary in the market on the basis of the Bank’s offered rate (excluding liquidity surcharge) for a term-congruent refinancing. 

The Bank shall send the Borrower a written confirmation (in the form of a letter) on the relevant new agreement or extension of a
fixed-interest period, stating the amount, the term and the interest rate. 
 Should the Borrower not receive such confirmation
within a reasonable period, or in case of any inconsistencies, the Borrower shall immediately contact the Bank. 
  

 

	2 	 EURIBOR means the interest rate as published on the Telerate page 248, or a page replacing page 248, at 11:00 am (local Brussels time) on the second
banking day in Munich and prior to disbursement / the beginning of the next fixed-interest period for deposits denominated in euros for a similar period of time. 

  
 3 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

 The Borrower undertakes to hedge the interest rate risk for the loan, by way of a
short-term or long-term arrangement to fix interest rates (Festverkonditionierung) or by entering into interest rate derivative agreements. 
 Before entering into an interest rate derivative agreement with another bank (“Third-Party Bank”), the Borrower shall give the Bank the possibility to make an own offer to the Borrower. The
Borrower is obliged to accept the Bank’s offer (“right to match”), if the Bank offers at least the same terms and conditions as the Third-Party Bank. 
 The Bank points out that the hedging of the interest rate risk by entering into an interest rate derivative constitutes an independent contractual obligation, even if the interest rate derivative serves
to secure the terms and conditions of the Loan Agreement. The termination of the Loan Agreement and/or the repayment of the loan will therefore not lead to a termination of the interest rate derivative agreement. The payment obligations and/or
termination rights stipulated in the interest rate derivative agreement will continue to apply and will remain unaffected. 
 The
Borrower will notify the Bank latest 2 days before utilization of the respective part of the loan amount about the preferred pre-conditioning. 
  

	 	6.2.3	Redemption by Installments 

The loan shall be repaid as from 15 January 2018. Until the beginning of the repayment, only interest, costs and fees shall be
paid. 
 The loan shall be repaid in six-monthly installments as follows: 

1st installment on 15 January 2018 in the amount of EUR 108,525 (2.5% p.a. of the loan amount) 

2nd installment on 15 July 2018 in the amount of EUR 108,525 (2.5% p.a. of the loan amount) 

3rd installment on 15 January 2019 in the amount of EUR 130,230 (3.0% p.a. of the loan amount). 

4th installment on 15 July 2019 in the amount of EUR 130,230 (3.0% p.a. of the loan amount). 

If a due date falls on a day that is not a banking day, the due date for the respective redemption installment shall be shifted in
accordance with the postponement rules stated in Sec. 6.2.2 
 In case of a sale of Financing Properties or early repayment of
the loan in part pursuant to Sec. 6.2.4 or unscheduled repayment of the loan pursuant to Sec. 8.1.4 or 8.1.5, the above redemption installments shall be reduced in the proportion of the repayments or unscheduled repayments to the total loan amount
according to the above mentioned percentages. 
 Interest shall be paid separately when due. 

Interest shall be calculated on the basis of the status of the principal at the end of the preceding calculation period. 

 

	 	6.2.4	Sale of Financing Properties, Early Repayment of the Loan 

 The Borrower is entitled to sell any or all of the Financing Properties, or to repay the loan prematurely in whole or in part. 
 The Borrower undertakes to immediately, but no later than two weeks prior to the signing of the purchase agreement, inform the Bank in written form of the planned sale of a Financing Property or the early
repayment. 

  
 4 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

 In case of a sale of any or all of the Financing Properties, the Borrower undertakes
vis-à-vis the Bank to include a contractual obligation for the buyer in the purchase agreement to pay the purchase price directly to the Bank up to the amount specified here below. 

In case of a sale of any or all of the Financing Properties or the early repayment of proportionate loan amounts, the Borrower shall use
the following amounts from the purchase price or the repayment—however, no more than up to the amount of the disbursed loan—for an unscheduled payment. 
  

							
	 Property Worms
	  	Property Gütersloh	  	Property Bremerhaven	  	Property Hanover
	 EUR 3,372,000
	  	EUR 2,102,400	  	EUR 2,004,000	  	EUR 2,940,000

 The Borrower shall indemnify the Bank for any loss incurred by the Bank due to the aforementioned
unscheduled payments. This shall especially apply to prepayment fees that the Bank has to pay for the early (partial) cancellation of the refinancing of loan amounts for which fixed interest rates have already been agreed on
(verkonditioniert), which have to be repaid due to the sale of the Property. The calculation shall be made in accordance with the principles established by the case law of the German Federal Court of Justice (Bundesgerichtshof).

 In case of an interest rate agreed on pursuant to Sec. 6.2.2, the unscheduled payments shall be made at the end of the
relevant fixed-interest period. 
 A re-drawing of such payments is not possible. 

 

	6.3	Costs and Fees 

Notwithstanding Sec. 5 of the General Loan Conditions, the Borrower shall bear the following costs and fees: 

 

	 	•	 	 arrangement fee in the amount of EUR 86,820 (this includes the initial valuation costs of an expert appraiser chosen by the Bank);

  

	 	•	 	 if the interest rate is calculated on EURIBOR basis, in case of an early (partial) repayment during the term of a fixed-interest period of the loan
during the 1st and 2nd year of the loan term a prepayment fee of 0.5% of the repaid loan amount and in case of an early (partial) repayment of the loan in the 3rd year of the loan term a prepayment fee of 0.25% of the repaid loan amount; as of the
4th year there will be no prepayment fee. Besides the
prepayment fee, the Borrower is not obligated to pay a prepayment penalty; 

  

	 	•	 	 ongoing valuation costs for the regular review of the LTV as agreed on in Sec. 8.1.4 (The costs of the initial valuation are EUR 4,000.00 per
property; the costs of ongoing valuations are expected to be lower.); 

  

	 	•	 	 any notary fees, legal advice and registration costs, as well as costs for legal opinions that may be required, that are incurred in connection with
drawing up the agreement or providing the securities; 

 Agreements governed by German law are always drawn up
and reviewed by the Bank. If drawn up by the Bank, no additional arrangement fees shall apply, unless otherwise agreed on. Documents to be reviewed by the Bank shall be submitted in the German or the English language. Costs for any required
translations shall be paid separately. 
 The Borrower confirms that the contents of any translations submitted to the Bank
reflect the contents of the original documents. 
  

	 	•	 	 any and all costs that typically arise in connection with any amendments of or supplements to the Loan Agreement or the security agreements, in
particular costs for legal advice and translations. 

  
 5 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

 The arrangement fee as well as the forementioned fees in connection with drawing up the
agreement and the provision of securities arise irrespective of whether or not the loan is drawn. 
 The arrangement fee shall be
calculated proportionately for the respective loan amount drawn and deducted accordingly from the respective disbursement amounts. The bank will request the respective part of the arrangement fee separately in case of a non-utilisation of a part the
loan amount 
 The ongoing valuation costs as well as other costs mentioned above shall be due and payable at the Bank’s
first request within 14 calendar days to an account yet to be specified by the Bank. 
  

	6.4	Commitment Fee (“Bereitstellungsprovision”) 

 As from 1 November 2012 until the expiry of the drawdown period, the Bank will charge the Borrower a commitment fee (“Bereitstellungsprovision”) in the amount of 0.7% p.a. for the
undrawn portion of the loan amount. The commitment fee shall be calculated on the basis of act/360 days and shall be due and payable in arrears at the end of each calendar quarter. 

 

	6.5	Commitment Fee (“Bereithaltungsprovision”) 

 As from the time of conditioning of amounts specified in the agreement on conditions (“Konditionsvereinbarung”) and until the time according to Sec. 4, the Bank will charge the Borrower a
commitment fee (“Bereithaltungsprovision”) (Percentage will be fixed in the agreement of conditions). The commitment fee (“Bereithaltungsprovision”) will be due at the respective drawdown and, in case of no drawdown, at the end
of the Drawdown Period. 
  

	6.6	Terms of Payment 

  

	 	6.6.1	Settlement Account 

 To
the extent that the Bank does not deduct the above charges, costs, fees, interest and redemption payments and commissions from the (first) disbursement amount, the Bank shall debit the Borrower’s account on the relevant maturity date.

 If the Borrower does not hold an account with Bayerische Landesbank or if explicitly provided for herein, the charges, costs,
fees and commissions shall be paid to the Bank within 14 calendar days after the Bank’s account for payment has been specified. 
 The interest and redemption payments shall in such case be paid to the following account of the Bank on the maturity date: 
  

			
	Bank:	  	Bayerische Landesbank
	Account no.:	  	90/899477
	IBAN:	  	DE28700500000090899477
	Reference:	  	Darl.-Nr. 6/4257368, Finanzierung, Project Hill” (Loan No. 6/4257368, Financing of Project Hill)

  

	 	6.6.2	No Deductions 

 All
payments must be made in a way that the aforementioned fees, commissions, charges, costs, expenses, interest and redemption payments will be at the Bank’s disposal, in full and without any deductions, on the account specified above on the
aforementioned maturity dates. The Borrower is obliged to increase the due payments, if necessary, so that the Bank will receive the full amounts owed, even after deduction of fees, taxes or levies. 

  
 6 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

	7.	Security 

 Without
prejudice to the lien and the right to call for additional securities provided for in Sec. 21 and 22 of the Bank’s General Terms and Conditions (GTC), the loan shall be secured by the securities specified below. 

The security agreements which have been/will be entered into in accordance with the Bank’s templates provide for the purpose of the
securities. Any broader or separate purpose agreed in any security agreements or security purpose declarations shall remain unaffected. 
  

	7.1	Property Worms 

  

	 	7.1.1	Registration of Land Charge 

 The Borrower undertakes to create to the benefit of the Bank an uncertificated land charge in an aggregate amount of EUR 2,810,000 bearing interest at a rate of 16% p.a. (interest shall be due on the
first working day of the following calendar year), with a final installment of EUR 562,000, which is enforceable pursuant to Sec. 800 ZPO (German Code of Civil Procedure) on the properties registered (vorgetragen) in the Land Register
Worms of the Local Court Worms, folio 17899, Klosterstraße 40 Worms plot 18, plot sections 3/61, 3/62, 3/63m, Klosterstraße, Worms plot 18, plot sections 3/65, 3/66 and Cornelius-Heyl-Straße, Worms plot 18, plot section 3/64 with a
total size of 10,894 sqm. 
 Prior encumbrances in Section II: Serial no. 1: landed easement (access right) encumbering plot 18,
plot section 3/64 for the respective owner of the real property in the district of Worms, plot 18, plot section 4/22 
 Serial
no. 2: landed easement (boundary building right) encumbering plot 18, plot section 3/61–3/64 for the respective owner of the real property in the district of Worms, folio 1814 of Horchheim (Worms), real property register no. 2 (plot 18, plot
section 4/24) 
 Serial no. 4: restricted personal easement regarding plot sections 3/61, 3/62 and 3/63 for Lidl Dienstleistung
GmbH & Co. KG, Neckarsulm, pursuant to an amendment agreed on with the Bank to the restricted personal easement 

Serial no. 6: restricted personal easement (transformer station and cable right) encumbering plot 18, plot section 3/61 for EWR
Aktiengesellschaft in Worms 
 Prior encumbrances in Section III: no rights 

 

	 	7.1.2	Bare Acknowledgment of Debt with Submission to Compulsory Enforcement 

 The Borrower undertakes to issue a bare acknowledgement of debt (abstraktes Schuldversprechen) for an amount equal to the enforceable part of the land charge plus proportionate interest, with
submission to compulsory enforcement against the Borrower’s entire assets. 
  

	 	7.1.3	Assignment of all Claims in Case of Reversal of the Property Purchase Agreement 

The Borrower undertakes to assign all claims to repayment of the purchase price in case of reversal (Rückabwicklung) of the
property purchase agreement between the Borrower and the seller of the property. 
  

	 	7.1.4	Assignment of Lease Payments 

 The Borrower undertakes to assign any and all current or future claims from any lease agreements relating to the Financing Property. 

 

	 	7.1.5	Pledge of Rent Collection Account 

 The rent collection account shall be held with the Bank. The rent collection account shall be pledged to the Bank. 

  
 7 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

	7.2	Property Gütersloh 

  

	 	7.2.1	Registration of Land Charge 

 The Borrower undertakes to create an uncertificated land charge in an aggregate amount of EUR 1,752,000, bearing interest at a rate of 16% p.a. (interest shall be due on the first working day of the
following calendar year), with a final installment of EUR 350,400, which is enforceable pursuant to Sec. 800 ZPO (German Code of Civil Procedure) on the properties registered (vorgetragen) in the Land Register Gütersloh of the Local
Court Gütersloh, folio 36644, Berliner Straße 135, Gütersloh plot 031, plot sections 533, with a total size of 5,765 sqm. 
 Prior encumbrances in Section II: Serial no. 3: landed easement (right to install, maintain and use a path) for the respective owner of the real property Gütersloh plot 31, plot section 581 (folio
36647) 
 Serial no. 4: landed easement (right to share in use of parking areas) for the respective owner of the real property
Gütersloh plot 31, plot section 581 (folio 36647); equal priority rank with serial no. 3 
 Prior encumbrances in Section
III: no rights 
  

	 	7.2.2	Bare Acknowledgment of Debt with Submission to Compulsory Enforcement 

 The Borrower undertakes to issue a bare acknowledgement of debt (abstraktes Schuldversprechen) for an amount equal to the enforceable part of the land charge plus proportionate interest, with submission
to compulsory enforcement against the Borrower’s entire assets. 
  

	 	7.2.3	Assignment of all Claims in Case of Reversal of the Property Purchase Agreement 

The Borrower undertakes to assign all claims to repayment of the purchase price in case of reversal (Rückabwicklung) of the
property purchase agreement between the Borrower and the seller of the property. 
  

	 	7.2.4	Assignment of Lease Payments 

 The Borrower undertakes to assign any and all current or future claims from any lease agreements relating to the Financing Property. 

 

	 	7.2.5	Pledge of Rent Collection Account 

 The rent collection account shall be held with the Bank. The rent collection account shall be pledged to the Bank. 
  

	7.3	Property Bremerhaven 

  

	 	7.3.1	Registration of Land Charge 

 The Borrower undertakes to create an uncertificated land charge in an aggregate amount of EUR 1,670,000, bearing interest at a rate of 16% p.a. (interest shall be due on the first working day of the
following calendar year), with a final installment of EUR 334,000, which is enforceable pursuant to Sec. 800 ZPO (German Code of Civil Procedure) on the properties registered (vorgetragen) in the Land Register Schiffdorferdamm of the
Local Court Bremerhaven, folio 3868, Schiffdorfer Chaussee 221, 223, 225, 227, Schiffdorferdamm plot 47, plot sections 115/1, with a total size of 8,095 sqm. 
 Prior encumbrances in Section II: restricted personal easement for Lidl Vertriebs-GmbH & Co. KG, Schwanewede, pursuant to an amendment to the restricted personal easement agreed on with the Bank.

 Prior encumbrances in Section III: no rights 

  
 8 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

	 	7.3.2	Bare Acknowledgment of Debt with Submission to Compulsory Enforcement 

 The Borrower undertakes to issue a bare acknowledgement of debt (abstraktes Schuldversprechen) for an amount equal to the enforceable part of the land charge plus proportionate interest, with submission
to compulsory enforcement against the Borrower’s entire assets. 
  

	 	7.3.3	Assignment of all Claims in Case of Reversal of the Property Purchase Agreement 

The Borrower undertakes to assign all claims to repayment of the purchase price in case of reversal (Rückabwicklung) of the
property purchase agreement between the Borrower and the seller of the property. 
  

	 	7.3.4	Assignment of Lease Payments 

 The Borrower undertakes to assign any and all current or future claims from any lease agreements relating to the Financing Property. 

 

	 	7.3.5	Pledge of Rent Collection Account 

 The rent collection account shall be held with the Bank. The rent collection account shall be pledged to the Bank. 
  

	7.4	Property Hanover 

  

	 	7.4.1	Registration of Land Charge 

 The Borrower undertakes to create an uncertificated land charge in an aggregate amount of EUR 2,450,000, bearing interest at a rate of 16% p.a. (interest shall be due on the first working day of the
following calendar year), with a final installment of EUR 490,000, which is enforceable pursuant to Sec. 800 ZPO (German Code of Civil Procedure) on the properties registered (vorgetragen) in the Land Register List of the Local Court
Hanover, folio 11527, Dresdner Str. 3, Vahrenheider Markt 16,18, List plot 1, plot section 300/16 with a total size of 6,279 sqm. 
 Prior encumbrances in Section II: 
 Serial no. 1: restricted personal easement
(right to build, operate and maintain a transformer station) for the Municipality of Hanover (public utility company) 
 Serial
no. 2: restricted personal easement (right to operate, monitor and maintain high and low voltage cables, as well as the pertinent telecommunication cable and restrictive covenant regarding a transformer station) for the public utility company
Stadtwerke Hannover AG in Hanover 
 Serial no. 3: landed easement (right of way) for the respective owner of the real property
list folio 6598 serial no. 1 of the real property register 
 Serial no. 4: landed easement (drainage authorization) for the
respective owner of the real property list folio 6598 serial no. 1 of the real property register, equal priority rank with Sec. II serial no. 3 
 Serial no. 5: decontamination entry 
 Serial no. 6: restricted personal easement
for Lidl Dienstleistung GmbH & Co. KG, Neckarsulm, pursuant to an amendment to the restricted personal easement agreed on with the Bank 
 Prior encumbrances in Section III: no rights 
 In case that the Borrower is not yet
the owner of the collateral, the Borrower shall ensure that the current owner will not only cooperate in the creation of the land charge, but also with regard to the security agreement. 

 

	 	7.4.2	Bare Acknowledgment of Debt with Submission to Compulsory Enforcement 

 The Borrower undertakes to issue a bare acknowledgement of debt (abstraktes Schuldversprechen) for an amount equal to the enforceable part of the land charge plus proportionate interest, with submission
to compulsory enforcement against the Borrower’s entire assets. 

  
 9 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

	 	7.4.3	Assignment of all Claims in Case of Reversal of the Property Purchase Agreement 

The Borrower undertakes to assign all claims to repayment of the purchase price in case of reversal (Rückabwicklung) of the
property purchase agreement between the Borrower and the seller of the property. 
  

	 	7.4.4	Assignment of Lease Payments 

 The Borrower undertakes to assign any and all current or future claims from any lease agreements relating to the Financing Property. 

 

	 	7.4.5	Pledge of Rent Collection Account 

 The rent collection account shall be held with the Bank. The rent collection account shall be pledged to the Bank. 
  

	7.5	Subordination Agreement 

The Borrower undertakes to submit a subordination agreement for any shareholder loans that may exist. Such loans may only be
collateralized (dinglich besichert) at a lower rank. 
  

	7.6	Pledge of all Rights and Claims from Interest Derivative Agreements 

 Pledge to the Bank of all rights and claims from the financial derivatives that have been entered into/will be entered into for hedging any interest rate risks. 

 

	7.7	Assignment of Purchase Price Claims 

 The Borrower undertakes to openly assign any and all current and future purchase price claims and other payment claims towards the buyers of the Financing Properties. 

 

	7.8	Obligation to Duly Provide the Securities 

 The Borrower undertakes to duly provide the aforementioned securities on the basis of the Bank’s templates. 
  

	8.	Further Agreements 

  

	8.1	The Borrower assumes the following obligations: 

  

	 	8.1.1	Submission of Profitability Calculation Approved by the Bank 

Prior to the first disbursement, a detailed profitability calculation (aggregate overview of all properties) approved
by the Bank must be submitted to the Bank. Such calculation shall be updated every year as of 15 July (reporting date), to be provided until the 15th of the following month—for the first time, as of 15 July 2013—and shall be submitted to the Bank
without prior request. 
 If and to the extent that a cash sweep pursuant to Sec. 8.1.3 is required,
the profitability calculation is to be updated as of the end of each month (reporting date) and shall be submitted to the Bank by the 15th of the following month. 
  

	 	8.1.2	Letting of Properties Serving as Collateral pursuant to the Submitted Profitability Calculation 

The Borrower undertakes to let the Financing Properties for an initial (signing date of the Loan Agreement) annual gross income of at
least EUR 1,387,342 excl. VAT in accordance with the submitted profitability calculation, with the operating costs mostly being paid by the lessees. 
 The Property shall be let on a long-term basis (generally 5 to 10 years) with indexed lease agreements which can only be terminated by the lessees for good cause (wichtiger Grund) and with the main
lessees having to be approved by the Bank. The main lessees shall be lessees with a net rent, excluding heat, in excess of EUR 100,000.00. 

  
 10 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

 The Bank hereby consents to the re-letting of the area of the lessee Hol Ab!
Getränkemarkt and of the vacant area (previous lessee: Schlecker) in the Bremerhaven property, provided that the rent after re-letting corresponds to or exceeds the rent in the lease agreement with Hol Ab!. 

The lease agreements, as well as all amendment agreements, shall be provided to the Bank within 4 weeks after their execution. 

By accepting the Loan Agreement, the Borrower confirms that there are no side agreements to the lease agreements provided to the Bank.

 The Bank shall further be provided with up-to-date lessee lists together with a calculation of
profitability as of 15 July (reporting date) every year, to be provided until the 15th of the following month—for the first time, as of 15 July 2013. 
 The
lease agreements shall meet the foregoing requirements of the Bank. 
 Terminations (Auflösungen) or significant
changes of the lease agreements with main lessees require the Bank’s consent. The Borrower especially undertakes not to change any provisions on the rent or the term of the leases without the Bank’s prior consent. 

The Borrower confirms that none of the leases is the subject of any significant disputes, breaches of contract and/or legal proceedings.
The Borrower confirms the same for any other agreements that are referred to in this Agreement. 
  

	 	8.1.3	Cash Sweep 

 Should a ICR
of 275% be fallen short of and/or an LTV of 65% be exceeded, the Borrower undertakes to transfer all free liquidity on a monthly basis to the cash sweep account (“Cash Sweep”) at the Bank’s request. The ICR and LTV shall be computed
pursuant to Sec. 8.1.4 and 8.1.5. 
 To this end, the Borrower shall maintain an account with the Bank in its own name
(“Cash Sweep Account”). 
 The relevant balance on the Cash Sweep Account to be maintained shall be pledged to the
Bank. 
 If the ICR is back to 275% and the LTV to 65%, not including the balance accrued on the Cash Sweep Account, the accrued
balance shall be released. 
  

	 	8.1.4	LTV (Loan to Value) 

 The
Loan to Value (LTV) shall not exceed 68% at any time throughout the entire term of the loan. LTV is the ratio of the loan amount to the fair market value of the Property serving as Collateral on the respective valuation date stated in the relevant
valuation report in percent. 
 For the first time on 15 July 2014 and then every 24 months, the LTV shall be
calculated based on a valuation report for the Property serving as Collateral by an expert appraiser to be chosen by the Bank. 

If in the opinion of the Bank a material change has occurred, the Bank is entitled to obtain a new valuation report at any time to check
compliance with the LTV. 
 The valuation report will be made available to the Borrower if the determined value exceeds the
agreed value; however, the Borrower shall not be entitled to assert any claims thereunder against the Bank and/or the expert appraiser. 
 If the determined LTV exceeds the agreed value, the Borrower shall, upon first demand from the Bank, repay the loan by way of unscheduled payments no later than within 60 calendar days to the extent
required to comply with the LTV again. The Borrower shall indemnify the Bank for any loss incurred by the Bank in this context. This shall especially apply to prepayment fees that the Bank has to pay for the early (partial)

  
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respects. 
  

 
cancellation of the refinancing of loan amounts for which fixed interest rates have already been agreed on (verkonditioniert), which have to be repaid for compliance with the agreed LTV.
The calculation shall be made in accordance with the principles established by the case law of the German Federal Court of Justice (Bundesgerichtshof). 
 Instead of making an unscheduled payment, the Borrower may pay the amount required to ensure compliance with the LTV, either 

 

	 	•	 	 by making a cash deposit on an account held with a European or American bank and pledged in favor of the Bank; or 

 

	 	•	 	 by providing a bank surety or bank guarantee in accordance with the respective requirements of the Bank. If the issuing bank is not a member of the
S-Finanzgruppe, it must have a rating of at least A from an internationally renowned rating agency (Moody’s; Standard & Poor’s; Fitch) and have its corporate seat in an OECD country. 

Any balance on the Cash Sweep Account shall be set off against such unscheduled repayment, cash deposit, bank surety or bank guarantee.

 The aforementioned security shall be released and the obligation to make an unscheduled payment or provide a security cease if
the LTV of at least 68% has been reached again. 
 This may occur due to repayments made in the meantime or as a result of a
valuation report at a later point in time. 
 A re-drawing of unscheduled payments is not possible. 

The Borrower agrees that the Bank appoints an expert appraiser chosen by the Bank, currently LBImmobilienbewertungsgesellschaft mbH,
Frankfurt am Main, to provide the valuation reports required for calculating the LTV until the loan has been fully repaid. The Borrower shall bear any valuation costs. 
 If a Cash Sweep pursuant to Sec. 8.1.3 must be made, the Borrower is entitled to demand from the Bank at any time to commission at the Borrower’s expense an expert appraiser to be chosen by the
Bank with drawing up a valuation report during the year, to check renewed compliance with the LTV. 
  

	 	8.1.5	ICR (Interest Cover Ratio) 

The ICR shall not fall short of 250% at portfolio level at any time throughout the entire term of the loan. The portfolio consists
of the co-financed Properties specified in Sec. 2. 
 The ICR is the ratio of the annual net income to the interest service
(excluding the capital service) for the Properties serving as Collateral for the 12 months following the effective date (forward perspective). 
 The rental income from all lease agreements that have a remaining term of at least 12 months on the effective date will be taken into account, as will rent compensation payments such as insurance
payments. A lease agreement with a remaining term of less than 12 months will be taken into account if the Borrower has entered into a new lease agreement or a subsequent lease agreement that corresponds to the requirements of the Bank under this
Loan Agreement. 
 The annual net income is the portion of the rent set out in the profitability calculation agreed between the
Bank and the Borrower which is available for the debt service, net of any property management costs. 
 On
15 July (reporting date) of each year, to be provided until the 15th of the following month—for the first time, as of 15 July 2013—the Borrower shall provide written evidence of compliance with the ICR without prior request from the Bank. 

  
 12 

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respects. 
  

 Such evidence shall be provided in the form of a calculation signed by the Borrower and
shall include the forward-looking rent roll and the profitability calculation as of the relevant effective date, indicating the actual non-allocable operating and property management costs. If the Borrower fails to indicate the non-allocable
property management costs, the Bank will assess them at 15.00%. 
 In addition, the Borrower shall keep the Bank constantly
informed of any new/subsequent leases and provide copies of newly concluded lease agreements in accordance with Sec. 8.1.2. 
 If
the determined ICR at portfolio level falls short of the agreed value, the Borrower shall, upon first demand from the Bank, repay the loan by way of unscheduled payments no later than within 60 calendar days to the extent required to comply with the
ICR again due to the adjustment of the interest- redemption payments because of the unscheduled payments. The Borrower shall indemnify the Bank for any loss incurred by the Bank in this context. This shall especially apply to prepayment fees that
the Bank has to pay for the early (partial) cancellation of the refinancing of loan amounts for which fixed interest rates have already been agreed on (verkonditioniert), which have to be repaid for compliance with the agreed ICR. The
calculation shall be made in accordance with the principles established by the case law of the German Federal Court of Justice (Bundesgerichtshof). 
 Instead of making an unscheduled payment, the Borrower may pay the amount required to ensure compliance with the ICR, either 

 

	 	•	 	 by making a cash deposit on an account held with a renowned domestic bank and pledged in favor of the Bank; or 

 

	 	•	 	 by providing a surety or bank guarantee in accordance with the respective requirements of the Bank. If the issuing bank is not a member of the
S-Finanzgruppe, it must have a rating of at least A from an internationally renowned rating agency (Moody’s; Standard & Poor’s; Fitch) and have its corporate seat in an OECD country. 

Any balance on the Cash Sweep Account shall be set off against such unscheduled repayment, cash deposit, bank surety or bank guarantee.

 If the above securities are provided, the ICR shall not be calculated on the basis of the actual debt service but on the basis
of the outstanding principal less the value of the securities. 
 However, this does not reduce the Borrower’s obligation to
make the actual interest and redemption payments and to repay the outstanding principal. 
 Irrespective of the provision of the
aforementioned securities, the Bank assumes that the capital service for the loan will be fully serviced. 
 The aforementioned
security shall be released and the obligation to make an unscheduled repayment or provide a security shall cease if the minimum required ICR has been reached again by means of the rental income minus VAT and the additional costs for the Financing
Properties not allocable by the lessor. 
 A re-drawing of unscheduled payments is not possible. 

 

	8.2	Business and Financial Conditions, Shareholding Structure 

 [ 
 The Borrower’s shareholding structure shall not change during the term of
the loan. If the shareholding structure of the Borrower changes (change of control) the Borrower is obliged to agree to an amendment of this Agreement at the Bank’s request to the extent that the Bank reasonably considers necessary to
compensate negative effects resulting from the change in the shareholding structure. In this case the Borrower is entitled to repay the loan early in accordance with Sec. 6.2.3. 

  
 13 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

	8.3	Lessee’s Easements / Entry of Caps 

  

	 	8.3.1	Property Worms 

 Pursuant
to the Lease Agreement of 9/10 February 2006 plus Amendment No. 1 of 28 March 2006, Amendment No. 2 of 31 August/1 September 2006, Amendment No. 3 of 5/9 October 2006, Amendment No. 4
of 16/21 March 2007 and Amendment No. 5 of 29 August/5 September 2008 between REPCO 8 S.A., Luxembourg and Lidl Dienstleistung GmbH & Co. KG, Rötelstr. 30, 74166 Neckarsulm (lessee), the lessee has a claim
(schuldrechtlicher Anspruch) to registration of a restricted personal easement (lessee’s easement). The easement is entered in the land register under serial no. 4. The Borrower undertakes to ensure that the entry of a cap of
EUR 10,000 for the lessee’s easement pursuant to Amendment No. 6, which has been approved by the Bank in advance, shall be agreed on and implemented. Should this not be enforceable, the Borrower undertakes to bear any exceeding
liquidity costs that may arise. 
  

	 	8.3.2	Property Hanover 

Pursuant to the Lease Agreement of 10/14 June 2005 plus Amendment No. 1 of
20 December 2005/17/25 January 2006, between REPCO 2 S.A., Luxembourg and Lidl Dienstleistung GmbH & Co. KG, Rötelstr. 30, 74166 Neckarsulm (lessee), the lessee has a claim (schuldrechtlicher Anspruch) to
registration of a restricted personal easement (lessee’s easement). The easement is entered in the land register under serial no. 6. The Borrower undertakes to ensure that the entry of a cap of EUR 25,000 for the lessee’s easement
pursuant to Amendment No. 2, which has been approved by the Bank in advance, shall be agreed on and implemented. Should this not be enforceable, the Borrower undertakes to bear any exceeding liquidity costs that may arise. 

 

	 	8.3.3	Property Bremerhaven 

Pursuant to the Lease Agreement of 30 August 2004 plus Amendment No. 1 of 7 July 2005, Amendment No. 2 of
14/17 July2005, Amendment No. 3 of 16/17 April 2007, Amendment No. 4 of 1 February 2008 between REPCO 14 S.A., Luxembourg and Lidl Vertriebs-GmbH & Co. KG, 28790 Schwanewede (lessee), the lessee has a
claim (schuldrechtlicher Anspruch) to registration of a restricted personal easement (lessee’s easement). The easement is to be entered in the land register. The Borrower undertakes to ensure that the entry of a cap of EUR 10,000
for the lessee’s easement pursuant to Amendment No. 5, which has been approved by the Bank in advance, shall be agreed on and implemented. Should this not be enforceable, the Borrower undertakes to bear any exceeding liquidity costs that
may arise. 
  

	8.4	Asset Management Agreement with MGPA (Germany) GmbH 

 The Borrower undertakes to enter into an asset management agreement with MGPA (Germany) GmbH and not to terminate such agreement without the Bank’s prior written consent. The consent may only be
withheld for good cause. 
  

	8.5	Property Insurance 

 The
Borrower shall insure the Property at replacement value against fire, water and storm damage, including loss of rent insurance for 12 months, and deliver to the Bank a cover note that specifies the Bank as jointly insured person and is signed by the
insurance company if the insurance is subject to foreign law. In case of insurance under German law, the Bank shall register such rights attached to the real property. The Bank is entitled to have access to the insurance policy at any time.

  

	8.6	Proof of Properties being free from Contaminations (Altlasten) 

The Borrower undertakes to furnish proof to the Bank that the Financing Properties are free from any contaminations (Altlasten).

  
 14 

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respects. 
  

	8.7	Inspection Right 

 The
Bank may inspect the Financing Propertiesat any time during normal business hours after prior consultation with the Borrower and taking into account the lessee’s rights and, as the case may be, commission a third-party expert with the
inspection and valuation of the Financing Property. 
  

	8.8	Documentation 

 All
required documents and records must be provided to the Bank in the English or the German language. Translation costs shall be borne by the Borrower. 
  

	8.9	Person Authorized to Accept Service 

 As the Borrower has its registered office abroad, FIDEUROP GmbH must be authorized to accept service in the attached declaration. 

 

	8.10	Documents to be Submitted for Disbursement of the Loan 

 The documents to be submitted for disbursement of the loan are listed in the attached schedule. The Bank reserves the right to request further documents. 

 

	9.	Disclosure of the Financial Situation 

  

	9.1	Ongoing Disclosure of the Financial Situation pursuant to Section 18 KWG (German Banking Act) 

The Borrower is required to regularly disclose its financial situation to the Bank. It is particularly obliged to deliver to the Bank
validly signed (rechtsgültig unterschrieben) and dated originals of the up-to-date documents on its financial situation required under section 18 German Banking Act. 

These are in particular: 
 within 6 months, if they have been prepared, however, no later than 9 months after the last balance sheet date: 
  

	 	•	 	 the Borrower’s annual financial statements plus notes; 

and by 15 July (reporting date) of each year, to be provided until the 15th of the following month — 

 

	 	•	 	 (for the first time, as of 15 July 2013) an up-to-date list of lessees with an up-to-date profitability calculation 

At the Bank’s request, the Borrower is obliged to provide reasonable additional explanations regarding its documents if they are not
standard documents used in the industry. 
  

	10.	Assignment/Transfer of Credit Risk to Third Parties, Disclosure of Information 

 

	(1)	If the Bank (for purposes of refinancing, equity relief or risk diversification) exercises its right to 

 

	 	a)	transfer or pledge all or part of its claims resulting from this Agreement—together with related securities, if any—to a third party;

  

	 	b)	insure all or part of the credit risk—together with related securities, if any—with a third party or to transfer the economic risk to a third party, e.g., by
way of credit derivatives, asset-backed securities transactions or sub-participations; 

 the Borrower hereby
releases the Bank from its banking secrecy obligations—to the extent required—according to Sec. 10.2. below. 
  

	(2)	 Third parties can be a member of the European System of Central Banks (e.g., the German Central Bank), the European Investment Bank, a credit
institution, the Kreditanstalt für Wiederaufbau (KfW) or any other 

  
 15 

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development bank (Förderbank), a financial services institution, a finance company, an insurance company, a welfare institution (Versorgungswerk), a pension fund, an investment
company or a special-purpose vehicle established for the purpose of securitization of loan claims. The Bank may disclose the information required for the transfer of receivables or the economic risk of lending to the relevant third party and to such
persons who have to be involved in the transfer process due to technical or legal reasons, e.g., rating agencies or certified public accountants. 

  

	(3)	Before disclosing the relevant information, the Bank will oblige the third party as well as any additional persons referred to in Sec. 10.2 above to keep all
client-related data confidential, unless such duty of confidentiality arises already out of legal or professional/customary (berufsständischer/berufsüblicher) rules. 

 

	(4)	If the Bank transfers loan receivables to the German Central Bank, the Borrower will submit to the German Central Bank, upon its request balance sheet figures and/or a
form with personal details (Selbstauskunft). 

  

	(5)	Transfer of the loan to third parties shall require the Borrower’s written consent. Such written consent by the Borrower is not required in case of the third party
being the German Federal Bank (Bundesbank) or a company associated with the Bank or in case of the Bank being entitled to terminate this contract. The Borrower can only withhold such consent for cause. Consent shall deemed to be granted in case of
the Borrower not rejecting such request by the Bank in written form within ten banking days (Munich). The request for transfer has to be addressed to the Borrower in written form and shall name the third party as well as poiting out the consequences
of a failed objection against such request. 

  

	11.	German Money Laundering Act 

 The Borrower undertakes to provide the Bank with all required information and documents that the Bank may deem necessary to fulfill its obligations under the German Money Laundering Act. 

 

	12.	Application of Various General Terms and Conditions and Further Agreements 

 In addition, 
  

	 	•	 	 the Bank’s “General Loan Terms” (GLT), last amended in September 2010, and 

 

	 	•	 	 the Bank’s “General Terms and Conditions” (GTC), last amended in October 2009, 

shall apply unless otherwise regulated in this Loan Agreement. 
 Copies of the GLT and the GTC are attached to this Agreement for the Borrower. 

The following shall apply to the Bank’s right of termination pursuant to Sec. 8 of the General Loan Terms and Sec. 26.2 of the
General Terms and Conditions: If the good cause consists of a violation of a contractual obligation on the part of the Borrower under or in connection with this Loan Agreement, termination is not permitted until the unsuccessful expiry of a grace
period of 4 weeks intended for remedial action, unless this is superfluous due to the peculiarities of the particular case, Sec. 323 (2) and (3) of the Civil Code. 

 

	13.	Final Provisions 

 If one
or several provisions of this Agreement are invalid or unenforceable, entirely or in part, this shall not affect the validity of the remaining provisions of this Agreement. The Parties shall replace the invalid or unenforceable provision with a
valid provision that comes as close as possible to the economic intent and the contents of the provision to be replaced. The same shall apply in case of any loophole in the Agreement. 

Any amendments of this Agreement require the written form. 
 The Borrower shall bear any taxes, fees and other costs, in particular notary costs and fees, that arise due to this Agreement and its performance. 

  
 16 

 English translation serves information purposes. Original text shall be binding in all
respects. 
  

 The Bank is entitled to chose and commission lawyers and notaries with representing it,
fully and with legal effect, in the execution and performance of this Loan Agreement, including but not limited to, in the provision of securities. 
 In this regard, by signing this Loan Agreement, the Borrower fully releases the Bank from its banking secrecy obligation. 
  

	14.	Governing Law, Place of Jurisdiction 

 This Loan Agreement shall be governed by the laws of the Federal Republic of Germany. Munich, Germany, shall be the place of jurisdiction. 

 

	15.	Conclusion of the Agreement 

 The Bank will be bound by this offer until 3 August 2012. The above Loan Agreement will only become effective once the Bank has received an original of the Loan Agreement countersigned by the
Borrower with legal effect prior to expiry of the above deadline. 
  

					
	 Luxembourg
	 		 	 /s/ Kees-Jan Avis

	Place, date	 		 	GIT Worms S.à.r.l.
			
	 Munich, 3 August 2012
	 		 	 /s/ Tanja Hanrieder             /s/
Martina Ramsauer

	Place, date	 		 	Bayerische Landesbank

  
 17 

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	16.	Schedule of Disbursement Conditions 

 The Borrower undertakes towards the Bank to fulfill the following disbursement conditions and/or submit the following documents prior to disbursement of the loan: 

 

	A	Prior to disbursement of the loan / portions of the loan 

  

	A.1	Loan Agreement signed by the borrower; 

  

	A.2	submission of an overview of the Borrower’s shareholding structure(s), showing all participations through to the end of the structure (e.g., organizational
chart of the Borrower’s company, indicating the respective percentage and nominal proportion of assets, capital and/or voting rights); 

  

	A.3	filled-in and validly signed account opening documents (account agreement and signature card forms are attached). The German Money Laundering Act requires that
we review the legitimacy of all authorized signatories. It is therefore required that all authorized signatories personally submit to us their original identity cards. 

 

	A.4	agreement on conditions pursuant to Sec. 6; 

  

	A.5	copy of the Borrower’s statutes (Gesellschaftsverträge); 

 

	A.6	up-to-date commercial register excerpt of the Borrower and, as the case may be, further legitimation documents (e.g., certified copies of the relevant
signatories’ identity cards); 

  

	A.7	Borrower’s opening balance sheet; 

  

	A.8	validly signed disbursement request(s), as the case may be in advance by fax (pdf-file) pursuant to the agreement on placing orders via telefax equipment, with
the instruction to which account the loan amounts are to be transferred; 

  

	A.9	agreement on placing orders via telefax equipment; 

  

	A.10	written disbursement request; 

  

	A.11	detailed profitability calculation approved by the Bank; 

  

	A.12	direct debit authorization for interest and redemption payments; 

  

	A.13	copy of shareholder loan contracts, which the Borrower will enter into plus subordination agreement pursuant to the Bank’s template;

  

	A.14	Assignment of purchase price claims according to the Bank’s template 

 

	A.15	Assignment of the rent account according to the Bank’s template 

 

	A.16	Assignment of all rights and claims from interest derivative agreements according to the Bank’s template 

	A.17	Legally executed security purpose declaration according to the Bank’s template 

 

	A.18	final version of valuation report by BNP Paribas (Frankfurt am Main), addressed to the Bank; 

 

	A.19	final version of technical due diligence for all Financing Properties plus reliance letter; 

 

	A.20	property management agreement; 

  

	A.21	submission of a capacity opinion regarding the Borrower and the parent company. 

Upon request the Bank will review whether individual of the aforementioned documents may be submitted later. 

  
 18 

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	B	Additional Disbursement Conditions for Disbursement of the Proportionate Loan Amount for the Property Worms 

 

	B.1	copy of the notarial purchase agreement for the Property (plus further reference deeds); 

 

	B.2	excerpt from the building encumbrances register; 

  

	B.3	proof of Financing Property being free from any contaminations pursuant to Sec. 7.5; 

 

	B.4	enforceable and simple copy of the deed establishing the land charge including bare acknowledgment of debt; 

 

	B.5	certified copy of the relevant land register folio evidencing the registration of the land charge at the correct rank and the registration of the lessee’s
easement in the agreed form; 

  

	B.6	cover note of insurance company for the building at the indexed replacement value (zum gleitenden Neuwert) and advice of claims being secured by land
charge (Realrechtsanmeldung); 

  

	B.7	notification by notary that purchase price is due; 

  

	B.8	validly signed declaration of assignment of payment claims from any lease agreements; 

 

	B.9	validly signed declaration of the assignment of all claims in case of reversal of the property purchase agreement; 

 

	B.10	official site plan / cadastral map excerpt; 

  

	B.11	proof that the defects specified in Annex 5.2. a to the purchase agreement (Sec. 5.2 a) have been removed by submitting the acceptance certificate
(depending on deadline, maybe condition subsequent) 

  

	B.12	proof of use of equity pursuant to Sec. 2 by submitting the transfer confirmation or confirmation of notary. 

In case that the land charge has not been registered pursuant to B.5 prior to disbursement, the Bank agrees to effect disbursement against
a confirmation of the notary. 
  

	C	Additional Disbursement Conditions for Disbursement of the Proportionate Loan Amount for the Property Gütersloh 

 

	C.1	copy of the notarial purchase agreement for the Property (plus further reference deeds); 

 

	C.2	excerpt from the building encumbrances register; 

  

	C.3	proof of Financing Property being free from any contaminations pursuant to Sec. 7.5; 

 

	C.4	enforceable and simple copy of the deed establishing the land charge including bare acknowledgment of debt; 

 

	C.5	certified copy of the relevant land register folio evidencing the registration of the land charge at the correct rank and the registration of the lessee’s
easement in the agreed form; 

  

	C.6	cover note of insurance company for the building at the indexed replacement value (zum gleitenden Neuwert) and advice of claims being secured by land
charge (Realrechtsanmeldung); 

  

	C.7	notification by notary that purchase price is due; 

  
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	C.8	validly signed declaration of assignment of payment claims from any lease agreements; 

 

	C.9	validly signed declaration of the assignment of all claims in case of reversal of the property purchase agreement; 

 

	C.10	subordination agreement regarding shareholder loan(s) 

  

	C.11	official site plan / cadastral map excerpt; 

  

	C.12	proof that the defects specified in Annex 5.2. a to the purchase agreement (Sec. 5.2 a) have been removed by submitting the acceptance certificate
(depending on deadline, maybe condition subsequent) 

  

	C.13	proof of use of equity pursuant to Sec. 2 by submitting the transfer confirmation or confirmation of notary. 

In case that the land charge has not been registered pursuant to C.5 prior to disbursement, the Bank agrees to effect disbursement against
a confirmation of the notary. 
  

	D	Additional Disbursement Conditions for Disbursement of the Proportionate Loan Amount for the Property Hanover 

 

	D.1	copy of the notarial purchase agreement for the Property (plus further reference deeds); 

 

	D.2	excerpt from the building encumbrances register; 

  

	D.3	proof of Financing Property being free from any contaminations pursuant to Sec. 7.5; 

 

	D.4	enforceable and simple copy of the deed establishing the land charge including bare acknowledgment of debt; 

 

	D.5	certified copy of the relevant land register folio evidencing the registration of the land charge at the correct rank and the registration of the lessee’s
easement in the agreed form; 

  

	D.6	cover note of insurance company for the building at the indexed replacement value (zum gleitenden Neuwert) and advice of claims being secured by land
charge (Realrechtsanmeldung); 

  

	D.7	notification by notary that purchase price is due; 

  

	D.8	validly signed declaration of assignment of payment claims from any lease agreements; 

 

	D.9	validly signed declaration of the assignment of all claims in case of reversal of the property purchase agreement; 

 

	D.10	official site plan / cadastral map excerpt; 

  

	D.11	proof that the defects specified in Annex 5.2. a to the purchase agreement (Sec. 5.2 a) have been removed by submitting the acceptance certificate
(depending on deadline, maybe condition subsequent) 

  

	D.12	proof of use of equity pursuant to Sec. 2 by submitting the transfer confirmation or confirmation of notary. 

In case that the land charge has not been registered pursuant to D.5 prior to disbursement, the Bank agrees to effect disbursement against
a confirmation of the notary. 

  
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	E	Additional Disbursement Conditions for Disbursement of the Proportionate Loan Amount for the Property Bremerhaven 

 

	E.1	copy of the notarial purchase agreement for the Property (plus further reference deeds); 

 

	E.2	excerpt from the building encumbrances register; 

  

	E.3	proof of Financing Property being free from any contaminations pursuant to Sec. 7.5; 

 

	E.4	enforceable and simple copy of the deed establishing the land charge including bare acknowledgment of debt; 

 

	E.5	certified copy of the relevant land register folio evidencing the registration of the land charge at the correct rank and the registration of the lessee’s
easement in the agreed form; 

  

	E.6	cover note of insurance company for the building at the indexed replacement value (zum gleitenden Neuwert) and advice of claims being secured by land
charge (Realrechtsanmeldung); 

  

	E.7	notification by notary that purchase price is due; 

  

	E.8	validly signed declaration of assignment of payment claims from any lease agreements; 

 

	E.9	validly signed declaration of the assignment of all claims in case of reversal of the property purchase agreement; 

 

	E.10	official site plan / cadastral map excerpt; 

  

	E.11	proof that the defects specified in Annex 5.2. a to the purchase agreement (Sec. 5.2 a) have been removed by submitting the acceptance certificate
(depending on deadline, maybe condition subsequent) 

  

	E.12	proof of use of equity pursuant to Sec. 2 by submitting the transfer confirmation or confirmation of notary; 

In case that the land charge has not been registered pursuant to E.5 prior to disbursement, the Bank agrees to effect disbursement against
a confirmation of the notary. 
  

	F	After disbursement of the loan (but not later than 8 weeks) 

  

	F.1	confirmation of insurance company that it has been advised of the claims being secured by land charge (to be obtained by the Bank); 

 

	F.2	proof of removal of defects by XXX. 

  
 21EX-10.3

 Exhibit 10.3 
  

			
	 English translation serves information purposes.
 Original German text shall be binding in all respects.
	 	

 Security Purpose Agreement 
 of (date) [to be referred to only if signing takes place on different dates] 
 The
owner 
 GIT Worms S.à.r.l., Luxembourg 
 15 rue Edward Steichen 
 L-2540 Luxembourg 

(the “Assignor”) 
 and

 Bayerische Landesbank 

Brienner Straße 18 
 80333 Munich

 (the “Bank”) 

enter into the following Security Agreement: 
  

	1.	Collateral 

 The
collateral set forth below serves to secure the Bank’s claims according to Sec. 2: 
  

	1.1.	Land charges, yet to be registered, plus interest on the following Property serving as Collateral: 

 

											
	 Local Court
	  	Land Register	 	  	Volume	  	Folio	 
	 Worms
	  	 	Worms	  	  		  	 	17899	  

  

									
	 Consec. no. in Section III
	  	Land charge	 	  	 	 
	 6
	  	 	EUR 2,810,000	  	  	 	Uncertificated	  

  

											
	 Local Court
	  	Land Register	 	  	Volume	  	Folio	 
	 Gütersloh
	  	 	Gütersloh	  	  		  	 	36644	  

  

									
	 Consec. no. in Section III
	  	Land charge	 	  	 	 
	 3
	  	 	EUR 1,752,000	  	  	 	Uncertificated	  

  

											
	 Local Court
	  	Land Register	 	  	Volume	  	Folio	 
	 Bremerhaven
	  	 	Schiffdorferdamm	  	  		  	 	3868	  

 

 
  

									
	 Consec. no. in Section III
	  	Land charge	 	  	 	 
	 2
	  	 	EUR 1,670,000	  	  	 	Uncertificated	  

  

											
	 Local Court
	  	Land Register	 	  	Volume	  	Folio	 
	 Hanover
	  	 	List	  	  		  	 	11527	  

  

									
	 Consec. no. in Section III
	  	Land charge	 	  	 	 
	 2
	  	 	EUR 2,450,000	  	  	 	Uncertificated	  

 (hereinafter individually and collectively referred to as the “Land Charge”).

 The Assignor hereby authorizes the Bank to later amend or correct the land register data and/or consec. no. in Section III.

 1.2. Bare acknowledgements of debt (abstrakte Schuldanerkenntnisse) as set out in the deeds of submission to compulsory enforcement
(Unterwerfungsurkunden). 
 1.3. Assignment of claims to return (Rückgewähr) of prior-ranking or equal-ranking land
charges pursuant to Sec. 3 of this Security Agreement. 
 1.4. Assignment of claims against insurance companies pursuant to Sec. 6.2.

 (The above rights and securities will hereinafter collectively be referred to as the “Collateral”.)

  

	2.	Purpose of the Collateral 

The Collateral serves as security for all existing and future, contingent and temporary claims, which the Bank with all of its domestic
and foreign offices has against the Assignor arising out of their banking business relationship. The Collateral shall also secure all statutory and pre-contractual claims resulting from the business relationship between the Bank and the Assignor.

 If the Assignor has assumed the liability for the liabilities of another customer of the Bank (e.g. as a guarantor
(Bürge)), the Collateral shall only secure the debt arising out of the assumption of liability once it becomes due. 
  

	3.	Assignment of Claims for Return (Rückgewähr) of Prior-Ranking or Equal-Ranking Land Charges 

3.1. If currently or in future other prior-ranking or equal-ranking land charges exist, the Assignor hereby assigns to the Bank, in order to achieve a
better rank, its claims for retransfer (Rückübertragung) of prior-ranking or equal-ranking land charges or parts thereof together with interest and ancillary payments, the claims for consent to cancellation
(Löschungsbewilligung), total waiver (Verzichtserklärung) or waiver of renewed use (Nichtneuvalutierungserklärung) as well as the claims for payment of the proceeds of liquidation exceeding the amount of the
secured claims (Übererlöse im Verwertungsfall). 
 3.2. If the Assignor has already assigned the claims for return to another
person, the Assignor hereby assigns to the Bank its existing and future claims for the reassignment (Rückabtretung) of the claims for return. 
 3.3. The Bank is authorized to notify the person who is under the obligation to return (Rückgewährsverpflichteter) of the aforementioned assignments. 

  
 Security Purpose Agreement
relating to Land Charge xxx of xxx 
 Page 2 of 6 

 

 
  

 3.4. The Assignor undertakes to immediately notify the Bank if it obtains knowledge of a subrogation of
creditors with respect to prior-ranking or equal-ranking land charges. 
  

	4.	Claims for Return against the Bank 

 4.1.
With regard to the unused portion of the Land Charge, the existing owner and any future owner of the Property serving as Collateral is only entitled to obtain consent to cancellation or, at the discretion of the Bank, waiver of that portion of the
Land Charge, but not to demand a complete retransfer (Rückübertragungsanspruch). If the Bank has made an undertaking for the release of the Land Charge (Pfandfreistellungsverpflichtungserklärung), the owner is only
entitled to cancellation of the land charge. The aforementioned provision does not apply if title to the encumbered property is transferred to the successful bidder as a result of foreclosure proceedings (Zwangsversteigerung) and the Land
Charge continues to exist. In such case, the prior owner of the Property serving as Collateral is entitled to demand complete retransfer (Rückübertragungsanspruch) of such portions of the Land Charge that exceed the secured claims
at the time of the sale (Zuschlag) in the course of foreclosure proceedings. If, in the foreclosure proceedings, in addition to the Land Charge a priority notice of conveyance (Auflassungsvormerkung) continues to exist in favor of a
buyer, to which the Bank is obliged to release a land charge, the owner is only entitled to a cancellation of the land charge. 
 4.2. The
Assignor is obliged to arrange for cancellation of the Land Charge immediately after the consent to cancellation has been received. 
 4.3. The
claims for return of the Land Charge against the Bank may be assigned or pledged only with the Bank’s consent 
  

	5.	Set-off of Payments 

 All
payments received shall only be set off against the Bank’s secured claims and not against the Land Charge or the bare acknowledgement of debt. 
  

	6.	Insurance of the Property Serving as Collateral and Assignment of Insurance Claims 

 6.1. To the extent the premises (Gebäude) and fixtures (Anlagen) on the Property serving as Collateral, including its components (Bestandteile) and accessories
(Zubehör) are covered by the Land Charge, the Assignor is, at its own costs and pursuant to the provisions of the Loan Agreement of 3 August 2012, obliged to take out—if not yet existing—and maintain insurance in the
full amount against the usual risks and against those risks that the Bank deems to be appropriate. In particular a fire insurance adequate for the relevant value is to be concluded and maintained as long as the Bank has claims which are secured by
the Land Charge. If the Assignor does not or not sufficiently comply with these obligations, the Bank is hereby irrevocably authorized to conclude the insurance contracts in the name of and for the account of the Assignor. 

6.2. All current and future claims against the insurance companies resulting from the existing and future insurance contracts pursuant to Sec. 6.1. are
hereby assigned to the Bank for the purpose of the Collateral defined in Sec. 2 of this Agreement. The Bank is hereby irrevocable authorized to notify the insurance companies of these assignments. 

 

	7.	Assignor’s Covenants 

The Assignor undertakes, 
 7.1.
to maintain the premises and fixtures including components and accessories on the Property serving as Collateral in good condition; 
 7.2. in
the event of partial or complete destruction of the Property serving as Collateral, to rebuild the destroyed premises or fixtures within a reasonable period, on the basis of construction plans and calculations to be agreed upon with the Bank; to
this end, the Bank will release the claims assigned as Collateral to the insurance companies; alternatively, the Assignor has the right to repay the proportionate loan amount pursuant to Sec. 6.2.4 of the Loan Agreement of
3 August 2012. 

  
 Security Purpose Agreement
relating to Land Charge xxx of xxx 
 Page 3 of 6 

 

 
  

 7.3. not to dispose of lease claims without the approval of the Bank, or only in accordance with the
provisions of the Loan Agreement of 3 August 2012, (e.g. by receiving advance rental payments of more than one month, by assignment, or by grating rebates); 
 7.4. not to enter into any obligations that would lead to a reduction or impairment of income, unless they are permissible pursuant to the Loan Agreement of 3 August 2012; 

7.5. not to receive any contributions to financing (loans, subsidies, etc.) from lessees or, for their benefit, from third parties without the
Bank’s approval, unless they are permissible pursuant to the Loan Agreement of 3 August 2012; 
 7.6. not to dispose of
accessories insofar as this is not necessary for proper management of the Property; 
 7.7. to provide the Bank on request at any time with
information on the Property serving as Collateral and to submit related documents and evidence; in addition, the Assignor shall allow the Bank’s authorized representatives (in the event of foreclosure proceedings, together with prospective
bidders or buyers) to view the Property serving as Collateral after prior announcement at usual business hours and taking into account the interests of the lessees; 
 7.8. to inform the Bank without delay of changes to the Property serving as Collateral impairing its value, of compulsory enforcement measures and of any intention to sell the Property serving as
Collateral; 
 7.9. to appoint a person authorized to accept service; 
 7.10. not, without the prior written of the Bank, to make any significant structural alterations to or to change the type of use of the premises. 

 

	8.	Authorizations 

 The
Assignor irrevocably authorizes: 
 8.1. the tax authorities and other authorities, as well as the insurance companies, to provide to the Bank
any information with regard to the Property serving as Collateral; 
 8.2. the Bank, to obtain information from authorities, insurance companies
and prior-ranking or equal-ranking creditors on their respective claims at any time; 
 8.3. the Bank to appoint a person authorized to accept
service in case of enforcement of the Collateral if the Assignor has not appointed a person authorized to accept service domiciled in Germany before transferring its registered office to a foreign country; 

8.4. the Bank to view the Property serving as Collateral, the premises and accessories, or have them viewed by third parties commissioned by the Bank,
and to inspect all documents relating to the Property serving as Collateral, or have them inspected by the third parties that it commissioned. In case of enforcement of the Collateral, also prospective buyers are authorized to inspect the Property
serving as Collateral or to have it inspected. 

  
 Security Purpose Agreement
relating to Land Charge xxx of xxx 
 Page 4 of 6 

 

 
  

 9. Release of Collateral 
 9.1. After complete satisfaction of the claims secured by the Collateral, the Bank is obliged to release the Collateral towards the Assignor and to transfer the enforcement proceeds to the extent they
exceed the amount of the secured claims. The Bank will transfer the Collateral or the enforcement proceeds which exceed the secured claims to a third party, if it is under a related obligation. 

9.2. Prior to complete satisfaction of the Bank’s claims which are secured by the Land Charge, the Bank is obliged, upon request, to fully or
partially release the Collateral or other securities as the Bank may choose, to the extent that the realizable value of all securities exceeds, not merely temporarily, 110% of the secured claims. This cover limit (Deckungsgrenze) will
increase in proportion to the respective current turnover tax rate, to the extent the Bank, in the event of enforcement, is obliged to pay or may become obliged to pay turnover tax on the enforcement proceeds. 

9.3. When selecting the security to be released, the Bank will take the legitimate interests of the Assignor and the other security providers into
account. 
  

	10.	Bank’s Right of Enforcement 

 10.1.
The Bank is entitled to terminate the Land Charge and to realize and enforce the Collateral if the Assignor or the Borrower is in arrears with due payments on secured claims according to Sec. 2 of this Agreement. The Bank will only take those
measures that are necessary to satisfy the outstanding claims. The prior obtaining of a judicially enforceable instrument (Vollstreckungstitel) is not required. 
  

	10.2.	The Bank will give the Assignor at least three weeks prior written notice of the enforcement. The Bank will indicate the amount giving rise to the enforcement
proceedings in the notice. 

  

	10.3.	A prior notification of the Assignor is not required if the notification would be inappropriate (untunlich), if the Assignor has ceased to pay, or if it has
filed for insolvency proceedings in regard of its assets, if insolvency proceedings have been initiated by court or if the opening of insolvency proceedings has been refused by reason of insufficient funds. Insolvency petitions against the Borrower
are irrelevant insofar as they abuse legal rights (rechtsmissbräuchlich) and are vexatious (schikanös) and it is to be expected that they will be rejected by the competent court for other reasons than insufficient funds.

 10.4. In foreclosure proceedings, the Bank is not obliged to assert any amount in excess of the secured claims under the Land
Charge. The same shall apply in case of a private sale (freihändige Veräußerung) of the Property serving as Collateral. The Bank is entitled, but not obliged, to waive the allocation of capital amounts under the Land Charge
that exceed its claims. 
 10.5. If the Collateral serves as security for various claims against one or more debtors, the proceeds from the
enforcement of the Collateral, in case they are not sufficient to satisfy all such claims, shall initially be applied against the least secure claims of the Bank. 
 10.6. The Bank may choose which of several securities shall be enforced. When selecting and enforcing the security, the Bank will take the legitimate interests of the Assignor and the other security
providers into account. 
 10.7. Following the enforcement of the Collateral, the Bank will use the proceeds, after deduction of turnover tax
and the costs according to Sec. 11, for the settlement of the secured claims. 
 10.8. If the enforcement proceeds are insufficient to repay all
of the Bank’s claims secured pursuant to Sec. 2, the Bank, acting reasonably, may choose how to apply the proceeds. 

  
 Security Purpose Agreement
relating to Land Charge xxx of xxx 
 Page 5 of 6 

 

 
  

	11.	Costs, Substitute Performance 

 The Assignor is obliged to bear any costs and expenses incurred in connection with the obligations specified above. The Bank is entitled to provide for the performance of obligations not performed by the
Assignor in due time at the latter’s expense. 
  

	12.	Miscellaneous 

 12.1. This Agreement shall
be governed by German law. 
 12.2. To the extent permitted by law, place of jurisdiction and performance shall be Munich. 

12.3. Changes and amendments to this Agreement, including this Sec. 12.3., require the written form 

12.4. If one or several provisions of this Agreement are invalid or unenforceable, entirely or in part, or if this Agreement contains a loophole, this
shall not affect the validity of the remaining provisions of this Agreement. The parties undertake to replace the invalid or unenforceable provisions and fill the loophole with such valid provision that comes closest to the original purpose of the
Agreement. 
  

									
	 16.08.2012
	 		 		 	 /s/ Kees-Jan Avis

	Luxembourg, this [date]	 		 		 	GIT Worms S.à r.l.
				
	 München, 13.08.2012
	 		 		 	 /s/Dennis Exner         /s/Esther
Schreck-Rob

		 		 		 	Bayerische Landesbank	 	

  
 Security Purpose Agreement
relating to Land Charge xxx of xxx 
 Page 6 of 6

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