Document:

Assignment of Purchase Agreement

 Exhibit 10.9 
 Revised Final 5/11/06 at 11:00 am 
 DIVIDEND CAPITAL TOTAL REALTY OPERATING PARTNERSHIP LP

 518 17th Street, Suite 1700 
 Denver, Colorado 80202 
 May 11, 2006 
 Westcore Properties AC, LLC 
 879 West 190th Street, Suite 110 
 Gardena, California 90248 
  

	 	Re:	3101, 3121, 3131 and 3151 Jay Street, Santa Clara, CA  

 Ladies and
Gentlemen: 
 Reference is made to (i) the Purchase Agreement, dated as of May 3, 2006 (as heretofore or hereafter amended or
otherwise modified in accordance with this letter agreement, the “Purchase Agreement”), between Westcore Properties AC, LLC, a Delaware limited liability company (“Westcore”), as buyer, and Jay Street, LLC, as
seller (“Seller”), pursuant to which Seller has agreed to sell, and Westcore has agreed to purchase, all of Seller’s right, title and interest in and to that certain real property (the “Property”) having
addresses at 3101, 3121, 3131 and 3151 Jay Street, Santa Clara, California (such transaction, the “Property Acquisition Transaction”), and (ii) the letter of intent, dated April 5, 2006 (the “Letter of
Intent”), between Westcore and Dividend Capital Total Realty Trust Inc., a Maryland corporation, on behalf of Dividend Capital Total Realty Operating Partnership LP, a Delaware limited partnership (“Dividend Capital”).

 1. Acquisition approval; Entity Formation. The undersigned has approved the Property Acquisition Transaction and reaffirms all the
representations and warranties of “Buyer” in the Purchase Agreement for itself and the entity formed by it to hold its partnership interest as described below. Concurrently herewith, the parties are negotiating the general partnership
agreement (the “Partnership Agreement”) to govern Westcore Jay Partners, a to be formed Delaware general partnership (the “Company”), and upon full execution of the Partnership Agreement by its partners, which shall
occur immediately prior to the closing under the Purchase Agreement, Westcore will assign its rights and obligations under the Purchase Agreement to the Company. The Partnership Agreement shall, subject to the terms of this letter agreement, be
signed by the partners on or prior to the closing of the Property Acquisition Transaction. We will be forming Dividend Jay, LLC, a Delaware limited liability company (“Dividend Jay”), to be a wholly-owned subsidiary of Dividend
Capital, to hold our partnership interest in the Company, and you will be forming WP Jay, LLC, a Delaware limited liability company (“WP Jay”), in which at least fifty percent (50%) of the membership interest is owned, directly
or indirectly, by one or more of Marc Brutten, Donald H. Ankeny and Owen Frost, to hold the remaining partnership interest. Under the Partnership Agreement Dividend Capital Jay will hold a 97.5% percentage interest and WP Jay will hold a 2.5%
percentage interest. In addition, the parties are currently negotiating the form of Property Management Agreement and Asset Management Agreement. In addition, the parties may form a limited liability company that would be wholly owned by the
Company, and if the parties elect to do so, then the Purchase Agreement shall be assigned to such limited liability company in lieu of an assignment thereof to the Company. 
 Notwithstanding anything to the contrary contained herein, if the parties are unable to finalize the Partnership Agreement, the Property Management Agreement and the Asset Management Agreement at 

 
least 10 days prior to Closing (it being agreed that neither party shall have any obligation to accept any terms proposed by the other party with respect to
the Partnership Agreement, the Property Management Agreement or the Asset Management Agreement, each party having the right, in its sole discretion, to accept or reject any such terms), Westcore agrees no later than 5 days prior to Closing to assign
all of its rights under the Purchase Agreement to Dividend Jay, or if the Seller does not consent, direct that the Deed be issued in the name of Dividend Jay, in return for which Dividend Capital agrees to: 
 (a) Cause to be paid to Westcore an acquisition fee of .5% of the final Purchase Price, which amount shall be paid concurrently with the closing of the
Property Acquisition Transaction; 
 (b) Reimburse Westcore for all third party due diligence and legal fees for the Transactions and refund
Westcore’s share of the Contract Deposit (as hereinafter defined) and any deposits with lenders, including all interest earned thereon. 
 (c) Cause an affiliate of Westcore to be retained as the property manager for a management fee of 3% of gross rents on a form of property management agreement used in third party property management arrangements and reasonably acceptable to
the parties, provided that if an agreement cannot be reached, Westcore and its affiliates shall have no rights or obligations to manage the Property, but Dividend Capital shall at the closing pay or cause to be paid $50,000 to Westcore; and

 (d) Cause an affiliate of Westcore to be retained as the asset manager for an asset management fee of 4% of net operating income on a form
asset management agreement used in third party asset management arrangements and reasonably acceptable to the parties, provided that if an agreement cannot be reached, Westcore and its affiliates shall have no rights or obligations for asset
management related to the Property, but Dividend Capital shall at the closing pay or cause to be paid $50,000 to Westcore. 
 The provisions of
Section 4 hereof shall only be applicable if the parties have reached final agreement on the Partnership Agreement, the Property Management Agreement and the Asset Management Agreement prior to Closing, such agreement to be memorialized by an
amendment to this letter attaching such agreements as exhibits. 
 2. Financing Approval. The undersigned also approves the proposed
financing of the Proposed Acquisition Transaction from Wachovia Securities or an affiliate thereof (the “Initial Proposed Lender”), in accordance with the term sheet attached hereto as Exhibit A. Westcore and Dividend Capital may,
jointly, determine to enter into negotiations with, and/or obtain financing from, another lender (an “Alternative Lender”) for the debt financing of the Property Acquisition Transaction (such transaction, the “Alternative
Financing Transaction”), the terms of which shall require approval of both Westcore and Dividend Capital, and absent such approval, the parties agree to attempt to proceed with the Initial Proposed Lender. (As used herein, unless otherwise
specified, an Initial Proposed Lender or an Alternative Lender, as applicable, shall be referred to as the “Proposed Lender” and the Initial Proposed Financing Transaction or an Alternative Financing Transaction, as applicable,
shall be referred to as the “Financing Transaction”.) (The Property Acquisition Transaction and the Financing Transaction and the Property Acquisition Transaction are referred to, collectively, as the
“Transactions”.) 
 3. Deposit. Pursuant to, and in accordance with the terms of, the Purchase Agreement, prior to
the date hereof Westcore and Dividend Capital have deposited, in the aggregate, the amount of Four Hundred Thousand Dollars ($400,000) (the “Contract Deposit”), 5% by Westcore and 95% by Dividend Capital with First American Title
Company, as escrow agent (in such capacity, the “Escrow Agent”). Upon formation of the Company and execution of the Partnership Agreement, the rights in the Contract Deposit shall be assigned to the Company. Concurrently herewith,
Westcore is wire transferring 

  

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an additional Five thousand Dollars ($5,000) and Dividend Capital is wire transferring Five Hundred Ninety Five Thousand Dollars ($595,000) to the
Escrow Agent as an additional deposit and upon receipt by the Escrow Agent the Contract Deposit will be One Million Dollars ($1,000,000), 2.5% contributed by Westcore and 97.5% by Dividend Capital. In addition, the undersigned agrees to cause the
funding of 97.5% of all deposits required under the Financing Transaction and Westcore agrees to fund 2.5% of such deposits. All interest earned on all such deposits shall be paid to the Company and distributed in accordance with the Partnership
Agreement. 
 4. Capital Contribution Funding; Default. (a) Dividend Capital and Westcore each agree to fund their capital
contributions under the Partnership Agreement necessary to consummate the Transactions as and when due, unless a material adverse change in the condition of the Property, including without limitation the loss of major tenants (other than at the
expiration of the relevant lease), occurs between the date hereof and the date of consummation (in which event the provisions of Section 4(b) shall apply). Notwithstanding the foregoing, if Dividend Capital or Westcore, for any reason other
than the occurrence of a material adverse change in the condition of the Property, determines not to proceed with and close on the Transactions, fails to fund its capital contributions as and when required to consummate the Transactions, or
otherwise defaults in its obligations hereunder or its pre-closing obligations under the Partnership Agreement, if any (other than with respect to its obligations hereunder to make reimbursement to the other party of costs and/or deposits), then the
following shall apply as the sole remedy of the parties hereunder (the party determining not to proceed, failing to fund its share of the equity or otherwise defaulting on its obligations being the “Defaulting Party”), it being
agreed that, except as otherwise expressly set forth herein, neither party shall have any liability to the other party be reason of such party’s failure to proceed with the closing: 
 (i) If Dividend Capital (or its affiliates) is the Defaulting Party, Westcore’s sole remedy shall be, at Westcore’s election,
(x) to proceed to close the Transactions without the participation of the Dividend Capital (and its affiliates), in which event Dividend Capital (or its affiliates) will forfeit all deposits made by it under the Transactions and, in addition,
Dividend Capital shall, to the extent it has not already paid the same, reimburse Westcore for 97.5% of the Transaction Expenses (as hereinafter defined), or (y) to elect not to close, in which event Dividend Capital (or its affiliates) will
forfeit all deposits made by it under the Transactions (if the Deposits are not refunded), be obligated to reimburse Westcore (or its affiliates) for the deposits Westcore made under the Transactions (if and to the extent that the Deposits are not
refunded), and be obligated to pay for both the Dividend Capital’s and Westcore’s share of the Transaction Expenses. 
 (ii) If Westcore (or its affiliates) is the Defaulting Party, Dividend Capital’s sole remedy shall be, at Dividend Capital’s election, (x) to proceed to close the Transactions without the participation of Westcore (and its
affiliates), in which event Westcore (or its affiliates) will forfeit all deposits made by it under the Transactions, and, in addition, Westcore shall, to the extent it has not already been paid the same, reimburse Dividend Capital for 2.5% of the
Transaction Expenses, or (y) to elect not to close, in which event Westcore (or its affiliates) will forfeit all deposits made by it under the Transactions (if the deposits are not refunded), be obligated to reimburse Dividend Capital for its
all deposits made by it under the Transactions (if such deposits are not refunded), and be obligated to pay for both Dividend Capital’s and Westcore’s share of the Transaction Expenses. 
 (b) Notwithstanding the provisions of (a), in the event that there is a material adverse change in the condition of the Property (including without
limitation the loss of major tenants (other than at the expiration of the relevant lease)), then either Westcore or Dividend Capital may, in its sole discretion, elect not to proceed with the Transactions and in such event (x) the party so
electing not to proceed with the Transactions shall not by reason thereof be deemed a Defaulting Party, (y) all Transaction Expenses and all cost, loss and expense resulting from the termination of the Transactions (including without 

  

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limitation any Deposits that are not refunded) shall be borne by Westcore and Dividend Capital 2.5% and 97.5%, respectively, and (z) each party shall
cooperate with the other to minimize any loss, cost or expense resulting from the termination of the Transactions; provided, that: 
 (i) if Westcore elects to proceed with the Transactions and Dividend Capital does not and Westcore (or its affiliates) consummate the Transactions, then Westcore shall reimburse Dividend Capital (and its affiliates)
for all deposits made by it under the Transactions to date and Westcore shall be responsible for and shall reimburse Dividend Capital (and its affiliates) for all of its Transaction Expenses; 
 (ii) if Westcore elects to proceed and Dividend Capital does not but Westcore (or its affiliates) are unable to consummate the
Transactions, then Dividend Capital shall reimburse Westcore and its affiliates) for all deposits made by it under the Transactions to date and Dividend Capital shall be responsible for and shall reimburse Westcore (and its affiliates) for all of
its Transaction Expenses; and 
 (iii) if Westcore elects not to proceed and Dividend Capital elects to proceed and Dividend
Capital consummates the transaction, Dividend Capital shall reimburse Westcore (and its affiliates) for all deposits made by it under the Transactions to date and Dividend Capital shall be responsible for and shall reimburse Westcore (and its
affiliates) for all its Transaction Expenses. 
 5. Transaction Expenses. If the Transactions close, then all reasonable out-of-pocket
costs incurred by the parties hereto and/or their respective affiliates in connection with the Transactions (including, without limitation, due diligence expenses, legal fees, costs of travel, costs of third party reports, preparation the documents
necessary to consummate the Transactions, formation of the Company and its title holding subsidiary, transfer taxes, conveyance taxes, intangible taxes and other similar taxes, escrow fees, brokerage fees (including without limitation any fees
payable to Silver Portal in connection with the Transactions as more particularly provided for in the Letter of Intent) and any other expenses of any kind or nature incurred in connection with the Transactions (but excluding legal fees for
negotiation of the Letter of Intent, this letter agreement, the Partnership Agreement, the Management Agreement and the Asset Management Agreement, salary and other employee expenses and excluding allocations of overhead, provided that the foregoing
exclusion will not be deemed to exclude part-time employees, consultants or other labor retained for the Transactions themselves) (collectively, “Transaction Expenses”)) will be reimbursed by the Company as a transaction cost at
closing. In addition, One Hundred Fifty Thousand Dollars ($150,000) will be included in the call for initial capital contributions of the Company, and Seventy Five Thousand Dollars ($75,000)] will be paid by the Company to each of Westcore and
Dividend Capital as a partial reimbursement of legal fees for negotiation of the Letter of Intent, this letter agreement, the Partnership Agreement, the Management Agreement and the Asset Management Agreement and amortized without interest at the
rate of Fifty Thousand Dollars ($50,000) per real estate transaction between the parties. 
 6. Closing Cooperation. Subject to the
limitations set forth elsewhere in this letter agreement, the parties will cooperate with each other and with the Company in consummating the Transactions. Without limiting the generality of the foregoing: 
 (a) The Westcore Entity and the Dividend Capital Entity shall fund into a First American Title Company escrow account controlled by WP
Jay, as Managing Partner of the Company, their respective portions of the amounts payable in connection with the closing of the Transactions, such funds to be released from escrow at the direction of WP Jay; 
  

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 (b) Westcore and Dividend Capital shall review the closing conditions and materials; and

 (c) WP Jay is authorized and shall be responsible for closing the Transactions; provided, that any material change
in the underwriting or approved financing or any other material changes in the approved terms of the Transactions shall require Dividend Capital’s consent. Immaterial changes shall not require Dividend Capital’s consent. During the process
of closing Westcore shall keep Dividend Capital apprised of the progress and shall, to the extent reasonably possible, notify Dividend Capital five (5) business days prior to the date the funds are needed for closing. 
 Notwithstanding the foregoing, the parties acknowledge and agree that, until the consummation of the Transactions, and except as otherwise provided in this letter
agreement, without the written consent of Dividend Capital, Westcore shall not take any action with respect to the Transactions that is material in nature (it being agreed that actions that do not increase the cost of the Transactions or the
underwriting of the Transactions by more than $50,000 or delay the closing of the Transactions for more than ninety (90) days after the date currently scheduled for the closing shall not be deemed to be material for purposes of this paragraph).
If in the-case of any such required consent which Dividend Capital does not approve there is a risk of loss of the deposits under the Transactions, Westcore agrees, after full consideration by the parties, to adopt Dividend Capital’s response
to the extent such response does not result in the loss of any deposits under the Transactions. 
 7. Intent of This Letter Agreement.
The parties acknowledge that until the execution of the Partnership Agreement a partnership or other similar venture between the parties has not been formed; however, until formation of such partnership and the assignment of the Purchase Agreement
to the Company, or until Dividend Jay acquires title to the Property as contemplated by Section 1 if the parties are unable to reach agreement as to the form of Partnership Agreement, Property Management Agreement and Asset management
Agreement, the parties do not waive any responsibilities and obligations that exist under law to each other as they relate to consummating the Transactions, provided, however, that if there is any conflict between such responsibilities and
obligations and the terms and provisions of this letter agreement, the terms and provisions of this Agreement shall control. 
 8.
Notice. Notices hereunder shall be by facsimile, hand delivery or recognized overnight courier service. Notices to the parties hereto will be delivered as provided in Schedule A hereto. Notices shall be effective on the date delivered.

 9. Exculpation. Notwithstanding anything to the contrary contained in this letter agreement, no direct or indirect member, manager,
officer, director, principal, shareholder, employee, agent, affiliate, or parent of any party hereto (each, an “Exculpated Party”) shall have any liability of any kind or nature arising out of this letter agreement and in no event
shall any of the property or assets of any Exculpated Party be subject to lien, levy or attachment to satisfy any claim made by any other party hereto arising from this letter agreement. 
 10. Miscellaneous. This letter agreement shall be governed by the law of the State of Delaware (without giving effect to principles of conflicts
of laws that would result in the application of the laws of any other jurisdiction). Any amendment hereto to be effective must be in writing and signed by all parties hereto. No waiver of any provision hereof shall be effective as against any party
hereto unless such party has waive such terms or provision in writing. Upon full execution hereof, this letter agreement shall be binding upon and shall inure to the benefit of the parties and to their respective heirs, executors, personal
representatives, successors and assigns, This letter agreement may be executed in multiple counterparts all of which taken together shall constitute one executed original. This letter 

  

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agreement may be executed and delivered by facsimile transmission and any counterpart hereof so executed and delivered shall be deemed to be an original
counterpart. 
 Please acknowledge your agreement to all of the foregoing terms and conditions on the enclosed copy of this letter and return
a fully executed copy to the undersigned. 
 [Signatures on Following Page] 
  

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		 		 	Very truly yours,
			
		 		 	Dividend Capital Total Realty Operating
Partnership LP, a Delaware limited partnership
					
		 		 		 	 By:    
	 	Dividend Capital Total Realty Trust Inc., a
Maryland corporation, its general partner
						
		 		 		 		 	 By:
	 	/s/ Greg Moran
		 		 		 		 		 	 Name:  Greg Moran

		 		 		 		 		 	 Title:    Vice President

	Agreed and Accepted:	 		 		 	
				
	Westcore Properties AC, LLC	 		 		 	
						
	 By:    
	 	/s/ Donald Ankeny	 		 		 		 	
		 	 Name:  Donald Ankeny
	 		 		 		 	
		 	 Title:    President
	 		 		 		 	

 Schedule A 
 Notice Addresses 
 If to Westcore: 
 c/o Westcore Properties, LLC 
 879 West 190th Street, Suite 110 
 Gardena, CA 90248 

Facsimile: 310-324-6550 
 Attention: Owen
Frost 
 with a copy at the same time to: 
 Duval & Stachenfeld LLP 
 300 East 42nd Street, 3rd Floor 
 New York, New York 10017 
 Facsimile:
    212-883-8883 
 Attention:     Terri L. Adler 
 If to Dividend Capital: 
 c/o Dividend Capital Group

 518 17th Street, Suite 1700 
 Denver, Colorado 80202 
 Facsimile:     303-869-4602 
 Attention:     Gregory M. Moran

 with a copy at the same time to: 
 Seyfarth
Shaw LLP 
 55 E. Monroe Street, 42nd Floor 
 Chicago, Illinois 60603 
 Facsimile:     312-269-8869 
 Attention:     Joel D. Rubin 

 EXHIBIT A 
 Initial Proposed Lender Loan Application/ Term Sheet 
 See attached 

					
	

	  	 LOAN APPLICATION
 Commercial Mortgage Properties
	  	Date: May 11, 2006

 The undersigned applicant (“Applicant”) hereby applies to Wachovia Securities or an affiliate
thereof (“Lender”), for a first priority loan (“Loan”) secured with a lien on the real property and to the appurtenant personally described below (“Property”) on the terms and conditions set forth
herein. Applicant hereby acknowledges that this application is merely a request for financing and the actual terms and conditions upon which Lender would be willing to offer the proposed Loan would be set forth in a commitment
(“Commitment”), if issued, and the Loan Documents (as identified below) if issued. 
 In the event that the identity of the Applicant and
the actual prospective borrower (“Borrower”) are different, references to either shall be deemed to be interchangeable. The Applicant represents and warrants to Lender that it has the full power and authority to execute this Application on
behalf of Borrower and to bind Borrower hereto.  
 Applicant recognizes that Lender will offer or withhold the Loan and the terms of the Loan in
its sole discretion based upon information to be provided to the Lender subsequent to the submission of this Application. The Loan Amount and terms thereof will be determined upon, among other things, Lender’s evaluation of the cash
flow, inspection of the Property, historical performance of the property, review of third party reports, the solvency-and prior experience of the Borrower, Applicant and Indemnitor. At the time of the Loan closing, there shall not have
occurred any material or adverse change in the securities laws, market conditions, general accounting standards (as determined by local, state and federal government agency) or the application thereof, as determined by Lender in its sole discretion.
Additionally, Lender shall have no obligation to close the Loan If it determines, in its sole discretion, that the financial markets including CMBS or other bond markets have been adversely affected. 
 ALL ALTERATIONS TO THE BODY OF THIS APPLICATION MUST BE PLACED IN THE SPECIAL STIPULATIONS ADDENDUM OF THE APPLICATION. ALL BLANKS TO BE
COMPLETED BY APPLICANT AT SUBMISSION OF APPLICATION. 
  

	I.	APPLICANT AND PROPERTY 

  

	A.	Applicant: Westcore Properties AC, LLC Corp.          GP          LP
         LLC X State of Formation          Fed Tax ID #               
     

 Principal Business Address: 879 W. 190th Street, Suite 110, Gardena, CA 90248 
 Borrower Contact Phone & Fax Number: Owen Frost              Phone (310) 324-6500              Fax (310)
324-6550 
 Borrower’s Attorney Phone & Fax Number:          
                                           
     Phone (        )                        
Fax(        )                    
 Property Management Company & Phone:                              
                             Phone (        )    
                    Fax(        )              
     
 Borrower’s Insurance Agent, Phone, & E-mail:     
                                                 
                    Phone (        )              
               E-mail:                              

 Title Insurance Agent’s Name, Phone, & E-mail:          
                                                 
               Phone (        )                   
          E-mail:                               
  

	B.	Name of Property: Jay Street 

 Address:
3101-3151 Jay Street City: Santa Clara State: CA 
 Zip Code: 95054
        County: Santa Clara 
  

	C.	Property Type: Office 

 Year built: 1999
Net Rentable Area: 178,123 sq. ft. Number of Units: N/A 
  

	D.	Purpose: (    ) Refinance             Outstanding debt:
$                                
        Lender:                                  
     

	                        (X)	Acquisition         Purchase Price:
$                                     Scheduled
Closing Date:                                   

  

	E.	Known Environmental Hazards: (    ) No Known Environmental Hazards     or
    Please                                   
              explain:                             
                                                 
                    

  

	F.	Ground Lease: Is any part of the Property covered by a ground lease under which Borrower is lessee (or sublessee)? 

 Yes          No         
  

	G.	Borrower History: Please check the appropriate space regarding the statements below. If “yes” is checked for any statement, please attach an explanatory statement which
is subject to Lender’s approval. 

 Have Indemnitor(s), Borrower, Applicant and/or any affiliates in the last twenty
years thereof: 
 (i) Ever defaulted and/or been delinquent on a commercial mortgage loan? Yes (    ) No
(    ) (ii) Ever had any outstanding tax liens against them? Yes(    ) No(    ) 
 (iii) Ever had any outstanding judgments against them? Yes (    ) No (    ) (iv) Ever been a debtor in a bankruptcy action? Yes
(    ) No (    ) 
 (v) Ever had any extraordinary course of business litigation
pending? Yes (    ) No (    ) (vi) Ever had any criminal convictions? Yes (    ) No (    ) 
 IMPORTANT NOTICE: To help fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to
obtain, verify, and record information that identifies each person or corporation who opens an account and/or enters into a business relationship. All entity and guarantor names will be compared against domestic and international government lists
designed to identify persons involved or suspected of being involved in terrorist activities or related organizations. 
  

	II.	SUMMARY OF PROPOSED LOAN TERMS - Basic Loan Terms 

  

	A.	Requested Loan Amount: $23,500,000 

  

	B.	Loan Term / Maturity: 10 years at which point the Loan shall mature and be immediately due and payable. 

  

	C.	Interest Rate: The indicative spread is the greater of 97 basis points above the corresponding United States Treasury obligation having a term approximately equal to the term
of the proposed Loan, but in no event less than 46 basis points above the 10 year Mid-Market Swap spread, but in no event shall the gross coupon be less than 5.0%. The indicated spread is subject to adjustment by Lender at any time prior to Closing
in the event that Lender’s standard conduit pricing matrix for the applicable property type has been increased; provided, however, the spread may not be increased to an amount greater than the midpoint of the then current matrix customarily
used by Lender in its conduit loan program. 

  

	D.	Rate Lock: The Interest Rate will be communicated and calculated one (1) business day prior to the projected Closing unless Lender and Borrower enter into a separate
agreement. 

  

	E.	Amortization: Loan will be interest only for the term of the loan. 

  

	F.	Maximum Loan-to-Value Ratio (“LTV”): 65% 

  

	G.	Minimum Debt Service Coverage Ratio (“DSCR”): 1.30x 

  

	H.	Loan Fee: In the event that the Loan doses in accordance with the terms of the Commitment, Lender shall earn a fee of 0.0% of the Loan Amount (for further information, refer
to section III, below). 

  

	I.	Proposed Closing: Applicant’s Proposed Closing Date is July 15, 2006. The Loan funding will occur upon the delivery of all Loan Documents and the satisfaction of
all Closing conditions. 

  

	III.	FEES, PROCESSING COSTS AND EXPENSES 

 Applicant shall pay the
following fees and expenses to Lender in connection with the Loan, delivered to Lender within the appropriate time periods set forth below: 
  

	A.	Application Fee: Borrower shall pay a non-refundable application fee in the amount of $5,000 to Lender along with the submission of this Application.

  

	B.	Third Party Expense Deposit: Borrower shall make a deposit in the amount of $15,000 for the estimated costs and expenses of obtaining the appraisal, engineering
report, environmental report and site inspection report with respect to the Property. Borrower will be required to reimburse Lender on demand for any additional costs to perform its due diligence in respect to the making of the Loan, whether or not
Lender issues a Commitment in respect to the proposed Loan. In the event that the deposit exceeds such actual costs and expenses, Lender shall refund or credit such excess to Borrower upon the funding of the Loan or sooner if a Commitment is not
issued. An additional deposit may be required If a Property evaluation determines further testing or reporting is needed or if a known environmental hazard has been identified. 

  

	C.	Legal Fees Deposit: Enclosed with this Application is Applicant’s check in the amount of $7,500 paid with respect to loans $15,000,000 or less and $7,500 with
respect to loans in excess of $15,000,000 as a deposit by Applicant to engage Lender’s Counsel and expedite the closing process. This deposit will be credited against Lender’s legal fees. 

  

	D.	Rate Lock Deposit: Immediately preceding the locking in of the interest rate, Borrower shall pay a Rate Lock Deposit in the amount of 1.0% of the Loan Amount to Lender
which shall be refunded as hereinafter provided. The Rate Lock Deposit is in addition to the Commitment Fee. 

  

	E.	Commitment Fee: Borrower will pay a Commitment Fee in the amount of 0.0% of the Loan Amount to Lender upon the execution and delivery of the Commitment. In the event
that the Loan closes in accordance with the terms of the Commitment, Lender shall earn a loan fee (“Loan Fee”) which Lender shall retain from the Commitment Fee. The balance of the Commitment Fee and the Rate Lock Deposit, if any, shall be
credited or refunded to Borrower upon the funding of the Loan. In the event that the Loan fails to close for any reason other than the refusal of Lender to close after timely and strict compliance by Borrower with all of Borrower’s obligations,
and satisfaction of all conditions, hereunder and under the Commitment, Lender shall retain the Commitment Fee and the Rate Lock Deposit as liquidated damages, but such liquidated damages shall not waive Lender’s right to other reimbursement of
its costs and expenses as provided in subsection G below. SEE SPECIAL STIPULATIONS RIDER. 

  

	F.	Documentation and Due Diligence Expenses: In addition to the above fees, Applicant shall pay all other costs and expenses incurred in connection with the preparation
for and Closing of the Loan, whether or not such Closing occurs, including, without limitation, appraisal review fees, environmental review and report fees, engineering review fees, inspection and travel fees, credit report fees, insurance policy
review fees, tax service fees, title insurance report fees, surveyor’s fees, zoning and surveyor consultant’s fees, escrow fees, legal fees and disbursements (including fees and disbursements of Lender’s counsel, as well as local
counsel selected by Lender), intangibles taxes, note taxes, mortgage recordation taxes, stamp taxes, transfer taxes, all recording costs and filing fees, all license and permit fees, all title/UCC/litigation/tax Men search fees and all title and
other insurance premiums and all other fees required by Lender. SEE SPECIAL STIPULATIONS RIDER. 

  

	IV.	LOAN DESCRIPTION & BORROWER REQUIREMENTS - Subject to Lender’s requirements provided to Applicant subsequent to Application, Applicant acknowledges:

  

	A.	Loan Documents: Among other things, the Loan shall be evidenced by a promissory note executed by Borrower (the “Note”) and secured by, among other
things, a first mortgage or deed of trust (the “Mortgage”) on the real property and a first priority security interest in all personal property of Borrower located or relating to such real property, plus such other items as Lender
may require (collectively “Loan Documents”). 

 Initials 

	B.	Payment Accrual: The Borrower expressly understands and agrees that interest shall accrue on the outstanding principal amount of the Note at a fixed rate per annum
computed based on the daily rate produced assuming a 360 day year, multiplied by the actual number of days elapsed. The Borrower understands and acknowledges that such computation results in more interest accruing on the Loan than if either a 30 day
month and a 360 day year or the actual number of days and a 365 day year were used to compute accrual of interest on the loan. 

  

	C.	Note Payments: At the Closing, Borrower will be required to deposit with Lender the first full month payment due under the note and security documents given in respect
to the Loan including a required escrow to be used for the payment of the first full month payment of debt service and escrow deposits together with an interest payment for the period. Thereafter, interest will be payable monthly, in arrears, on the
eleventh day of each month until maturity, being debited from a bank account specified by Borrower. 

  

	D.	Prepayment: Pursuant to the Loan documents, release of the mortgaged property from the Loan shall be prohibited until the earlier of two years after the startup date
of the securitization, or three years after the Loan closing. Thereafter, the Borrower shall be permitted to pay to Wachovia a defeasance deposit (in an amount sufficient to defease the Loan as determined by Wachovia in accordance with the terms of
the Loan Documents) in lieu of a prepayment thereof. The defeasance deposit must be sufficient to purchase direct, non-callable U.S. obligations that provide for payments at least equal to the amount of each monthly installment under the Note for
the remainder of the Loan term. Prepayment in full will be permitted at par on the last three (3) payment dates preceding the maturity date. SEE SPECIAL STIPULATIONS RIDER. 

  

	E.	Default Rate: Following the occurrence of an Event of Default, as defined in the Loan Documents, the rate of interest shall be increased to four percent (4%) over
the Interest Rate. 

  

	F.	Late Charges: A late charge will be imposed of 5.0% of the amount of any payment not received on or before the due date. SEE SPECIAL STIPULATIONS RIDER.

  

	G.	Limited Recourse: Lender’s recourse in the event of a default will be limited to Lender’s security interest in the Property and to Borrower’s interest
therein; provided, however, that Borrower and Indemnitor shall be personally liable for (i) damages arising from any fraud or misrepresentation, (ii) misapplication or misappropriation of insurance proceeds, condemnation proceeds, tenant
security deposits, rents and any other funds due Lender under the Loan Documents, (iii) damage to and waste of the Property or damage to the Property resulting from gross negligence or intentional acts, (iv) failure to pay taxes or other
Property related liens and (v) damages arising from the existence of hazardous or toxic substances or the failure to comply with any and all environmental laws. In addition, the Loan shall be recourse to the Borrower and Indemnitor in the event
that (i) the transfer and/or due on sale limitations are violated; (ii) the Property shall become an asset in a bankruptcy or insolvency proceeding of the Borrower; or (iii) the Borrower violates any of the special purpose entity covenants
in the Loan Documents. 

  

	H.	Special Purpose Entity Requirements: The Borrower shall be a special purpose entity which owns no assets other than the Property, incurs no debts other than the Loan
and Property level debts (such as trade payables) and other property operating expenses, and engages in no business other than the ownership and operation of the Property. In no event may an individual or a non-special purpose entity act in the
capacity as Borrower or as a general partner or managing member of Borrower. Additionally, if the Loan, individually or together with all loans from Lender to Borrower or its affiliates, is equal to or greater than $7,500,000, and if Borrower is a
partnership or a limited liability company, Borrower’s general partner or managing member, respectively, and the board of directors of such general partner or managing member or, if Borrower is a corporation, the board of directors of Borrower,
shall include at least one independent director or manager recommended by Borrower and approved by Lender, If the Loan individually or in the aggregate exceeds such $7,500,000 threshold, Borrower shall also furnish a substantive non-consolidation
bankruptcy opinion on Lender’s standard form. 

  

	I.	Due on Sale/Right of Transfer: Pursuant to the loan documents, upon the satisfaction of the conditions to be provided for in the Loan Documents (including the
financial requirements of paying a 1% transfer fee and a $5,000 non-refundable application fee), Borrower (and each approved successor) shall have a right to transfer the Property to an approved entity (i.e., a special purpose entity and subject to
Lender’s other standard requirements). Except for this right of transfer, any sale, conveyance or encumbrance of all or any portion of the Property shall be prohibited and shall permit Lender to declare the entire Loan in default and
immediately due and payable. Transfers of ownership interest in Borrower or in any holder of an interest in Borrower shall be deemed a sale of the Property except for (i) transfers which, singly or in the aggregate, would not result in any
person or entity being the holder of a 50% or greater interest in Borrower or in any entity holding an interest in Borrower and (ii) transfers for estate planning purposes for the benefit of existing holders of an interest in Borrower or in any
entity holding an interest in Borrower or the immediate family members of existing holders of such interests. SEE SPECIAL STIPULATIONS RIDER. 

  

	J.	Subordinate Financing: Subordinate financing will be prohibited except with the written consent of the Lender, which may be withheld in Lender’s sole and absolute
discretion. 

  

	K.	Indemnity: Indemnitor(s) are person(s) or entities acceptable to Lender. Indemnitor(s) and Borrower will execute a Guaranty and Indemnity Agreement with respect to
(i) the non-recourse exceptions and (ii) environmental matters. SEE SPECIAL STIPULATIONS RIDER. 

  

	L.	Escrows: During the term of the Loan, if granted, Borrower will be required to deposit with each Note Payment the following in escrow: 

  

	 	1.	One-twelfth (1/12) of estimated annual property taxes and assessments and insurance premiums will be made in such amounts which, when added to existing escrows, will be
sufficient to pay all charges to which the escrows pertain one (1) month prior to the respective due date. NO FINANCING OF INSURANCE PREMIUMS WILL BE PERMITTED. 

  

	 	2.	Capital replacement reserve escrows will be established and contributed as determined by Lender on the basis of an engineering report among other things. Additionally, a one time
deposit will be required at Closing for repairs equal to one hundred and twenty five percent (125%) of any estimated cost of maintenance and repairs that are required immediately, as determined by Lender on the basis of an engineering report.
Funds held for capital replacements, maintenance and repairs will be released to Borrower to reimburse it for expenses incurred in accordance with the terms of the Loan Documents. 

  

	 	3.	Lender may require additional escrows or escrow accounts based upon its underwriting review and other due diligence, which escrows may be required at Closing and/or thereafter. SEE
SPECIAL STIPULATIONS RIDER. 

  

	M.	Management: The Property shall be managed by an entity acceptable to Lender in accordance with a management agreement approved by Lender. All management contracts or
agreements, other than hotel operating agreements, shall be subordinate to the Mortgage, shall be assigned to Lender as additional security and may be terminated by Lender, at its election, upon the occurrence of an Event of Default. Hotel franchise
and management agreements with national chains shall be subject to the terms of a recognition agreement in form and substance acceptable to Lender. SEE SPECIAL STIPULATIONS RIDER. 

  

	N.	Financial Statements for Property: Borrower shall be required to furnish Lender within sixty (60) days after the close of each fiscal year with yearly financial
statements with respect to the Property, which financial are to be audited with respect to loans in excess of $15,000,000 and certified with respect to loans of $15,000,000 or less. In addition, thirty (30) days after the end of the relevant
period, interim certified statements shall be required for the first twelve (12) months following the Closing of the Loan, and quarterly thereafter. SEE SPECIAL STIPULATIONS RIDER. 

 V. CONDITIONS TO CLOSING 
  

	A.	Loan Commitment: Applicant agrees that Lender is under no obligation to issue a Commitment or to make any Loan to Applicant, such decision being within the absolute
sole discretion of Lender. Furthermore, should Lender agree to issue a Loan, the Loan may close absent of a Commitment. Such omission will not limit the Lenders rights under the constraint of its Loan Documents or the Application.

  

	B.	Title Insurance: Applicant should indicate its selection of a Title Insurance Company, which must appear on the Lender’s list of approved Title Insurance
Companies, on the Special Stipulations page, and if no selection is made, Lender shall select an approved Title Insurance Company (the “Designated Company”) to issue Lender’s Title Insurance policy through its affiliate Union
Commerce. Lender (or its counsel) shall order the required Title Report from the Designated Company at Applicant’s expense and the Designated Company shall thereafter contact Applicant directly. If the Loan fails to close for any reason.
Applicant shall be responsible for and shall be required to pay all costs and expenses incurred including any customary cancellation charges imposed by such Designated Company. 

  

	C.	Special Stipulations: The Special Stipulations Rider attached hereto shall contain any and all changes to the body of this Application and any additional conditions to
the Closing, which conditions are incorporated herein by reference. Furthermore, Applicant agrees to furnish promptly to Lender any additional information and documentation that Lender shall reasonably request in order to process this Application
and in order to prepare the necessary Loan Documents. Any changes to the body of this Application, other than the input of missing information on Page 1 Sections I & II, do not constitute a part of the Application. 

 VI. MISCELLANEOUS PROVISIONS 
  

	A.	Brokerage Commissions: In the event that a Broker has been engaged by the Borrower with respect to this transaction and has arrived upon an agreement with the Borrower
regarding payment for their service as a broker, the broker’s payment shall be paid by the Borrower out of Loan proceeds upon the Closing of the Loan. Borrower agrees to pay the commission of any other broker used in this transaction and to
hold Lender harmless and to defend Lender from and against any and all claims for brokers’ or finders’ fees and commissions in connection with the transactions described in this Application other than broker’s or finders claiming
through Lender’s actions or statements. Borrower acknowledges and agrees that Lender reserves the right, in its sole discretion, to provide additional compensation to any marketers, originators or brokers at Lender’s expense.

  

	B.	Application Expiration: In the event that (i) this Application shall not be fully executed and returned to Lender with the required funds within five
(5) business days from the date hereof or (ii) the Loan is not actually closed and funded within sixty (60) days from the date hereof, the pricing and terms contained herein are subject to change. 

  

	C.	Role of Broker: Applicant understands that Broker does not have the authority to and cannot bind Lender in any respect including, without limitation, the authority to
issue a Commitment with respect to this Application. 

  

	D.	No Assignment: Neither this Application nor any Commitment subsequently issued in connection herewith may be assignable in whole or in part by Applicant by operation
of law or otherwise and any purported assignment shall be null and void and shall be deemed a termination of this Application at Lender’s option. SEE SPECIAL STIPULATIONS RIDER. 

  

	E.	Future Loan Trustee: If Loan is granted, Applicant hereby acknowledges that it is the intent of the Lender to transfer the Loan directly or indirectly, to an entity
that shall include the Loan, as well as the Loan Documents escrows and other security interest in a commercial mortgage-backed securities conduit. The current requirements of such a transaction are materially reflected above in the description of
the terms of the Loan and the Loan Documents. Lender’s underwriting requirements at the time it determines whether to issue a Commitment or closing of the Loan may also vary from the terms outlined herein to reflect its analysis of the proposed
Loan or other loans being made for inclusion in a Trustee. For these reasons, the actual provisions of any Commitment and the Loan Documents may vary from the terms described herein. 

 In addition, the terms described in this Application are a reference point and are not intended to constitute a complete summary of all of the relevant
provisions of the Loan Documents. 
  

	F.	Inquiries: Applicant hereby authorizes Lender, Broker and any representative of the foregoing to make inquiries in respect to Applicant and its principals in respect
to the character, general reputation or personal characteristics, financial and credit data in respect to the Applicant and such principals. Upon Lender’s request, Applicant shall provide additional information as to such matters as Lender may
require. Further, Applicant acknowledges that Lender or representatives of Lender shall be reviewing, processing and examining financial and other information set forth in this Application and any submissions made in connection herewith. Pursuant to
that review, Lender or such representatives may discuss such information with third-party vendors such as attorneys, accountants, brokers, appraisers and consultants. Applicant hereby consents to the examination and sharing of this information with
such third parties. 

  

	G.	Submissions: Attached hereto is a schedule of required materials to be submitted with this Application. 

  

 2 

	H.	Credit Authorization: By signature below, Applicant and Borrower and the respective principals authorize Wachovia, Wachovia Corporate & Investment Banking
and/or its agents to order a consumer credit report and verify other credit information including past and present mortgage references. 

  

													
		 		 		 		 	Date: ________________ __, _________
							
	By:	 	  	 	(Indemnitor)	 		 	By:	 	  	 	(Applicant)
	Print Name:	 		 		 	Print Name:	 	
	Street Address	 		 		 	Street Address	 	
	City, State, Zipcode	 		 		 	City, State, Zipcode	 	
	SS#	 		 		 	SS#	 	
							
		 		 		 		 	By:	 	  	 	(Co-Applicant)
		 		 		 	Print Name:	 	
		 		 		 	Street Address	 	
		 		 		 	City, State, Zipcode	 	
		 		 		 	SS#	 	

  

 3 

 SPECIAL STIPULATIONS RIDER 
  

	 	•	 	Free sixty-day rate lock. 

  

	 	•	 	Lender agrees to use borrowing entity for carve-outs. 

  

	 	•	 	III E - Borrower will not require a Commitment from Lender and will not be required to pay a Commitment Fee or Loan Fee. 

  

	 	•	 	III F - Lender’s proposed budget for all costs and expenses is $75,000. Lender shall advise Borrower before incurring expenses in excess of such budget (as the same may be
increased from time to time with Applicant’s prior written approval. 

  

	 	•	 	IV D - The defeasance deposit must be sufficient to purchase direct, non-callable U.S. obligations that provide for payments at least equal to the amount of each monthly installment
under the Note from the date of prepayment until the date that is three (3) payment dates preceding the maturity date. Prepayment in full will be permitted at par on the last three (3) payment dates preceding the maturity date.

  

	 	•	 	IV F - A late charge will be imposed of 5.0% of the amount of any payment not received on or before the due date. However, the late charge will not be imposed on the remaining
principal balance at maturity in addition to default interest. 

  

	 	•	 	IV I - Notwithstanding the language in this section, the transfer fee shall be waived for the first transfer with remaining transfer fees at 0.5% per occurrence. The following
transfers will be permitted: (a) so long as Borrower continues to be controlled by or under common control with Applicant and Dividend Capital, transfers of interests in Borrower between the members in Borrower, (b) transfers of direct or
indirect interests in member in Borrower that is an affiliate of Applicant (the “Westcore Member”) so long as to the Westcore Member continues to be controlled by or under common control with Applicant, and (c) transfers of direct or
indirect interests in the member in Borrower that is an affiliate of Dividend Capital (the “Dividend Capital Member”) so long as to the Dividend Capital Member continues to be controlled by or under common control with Dividend Capital.

  

	 	•	 	IV K - Sole “Indemnitor” will be Borrower. 

  

	 	•	 	IV L - Notwithstanding Section IV.L(3), no reserves or impounds will be required other than (a) for property taxes, assessments and insurance as provided in Section IV.L(1),
and (b) initial closings reserve of 125% of estimated cost for deferred maintenance as provided in Section IV.L(2). 

  

	 	•	 	IV M - Manager may be a borrower affiliate. 

  

	 	•	 	VI D - Application may be assigned by Applicant to special purpose entity taking title to Property, which entity will be a joint venture between affiliates of Applicant and Dividend
Capital. 

  

	 	•	 	Estoppels - Estoppel condition satisfied with estoppel certificates substantially in the form of Exhibit A attached hereto, without material adverse exceptions based on
Lender’s counsel review which requires the addition of the addressee language and “together with its successors and assigns” language. 

 Executed estoppels by tenants occupying at least eighty percent (80%) of the leased rentable square footage of the Property including Safenet. Estoppels (other than Safenet) from seller under the Purchase
Agreement for tenants occupying up to twenty percent (20%) of the leased rentable square footage of the Property in substantially the same form (with appropriate knowledge qualifiers) shall count toward such 80%. 
  

	 	•	 	SNDA’s – SNDA’s to be tendered to tenants with estoppels on Lender’s form will be required for leases of record. Lender agrees to work on a best efforts basis to
obtain remaining SNDA’s. 

  

	 	•	 	Lender acknowledges that the subject Property is located near three earthquake fault lines. However, lender’s ultimate determination to fund the loan is subject to an
acceptable seismic report. 

  

	 	•	 	With respect to rent deposits, letters of credit (in lieu of cash deposits) are to be re-issued to and held by Borrower following Borrower’s acquisition of the Property.

  

 4 

 MATERIALS TO BE SUBMITTED WITH APPLICATION 
 The following materials are required to be submitted to Lender within two (2) weeks following Applicant’s submission of this Application [check if applicable]:

 Property Information 
  

	 	•	 	Marketing Materials, Property Brochures, Photographs and Maps  

 Property Operating Information 
  

	 	•	 	Most recent Rent Roll, certified by Borrower as true and correct. (For self storage properties, please include a report showing existing unit rents at market, i.e. unit mix report).

  

 5 

	 	•	 	Two (2) years of Property operating statements, certified by Borrower as true and correct. (For apartment properties and self storage, please include trailing 12 months and/or
monthly operating statements). 

  

	 	•	 	Current year’s Operating Budget and Capital Budget 

  

	 	•	 	Copies of commercial leases 

  

	 	•	 	Occupancy Summary, last three (3) years 

  

	 	•	 	Three (3) years of sales figures for all tenants [retail only] 

  

	 	•	 	Existing Insurance Policy/Insurance Binder 

  

	 	•	 	Copies of Paid Tax Receipts/Current Tax Bills 

  

	 	•	 	Accounts Receivable Schedule 

 Financing/Existing Debt Information

  

	 	•	 	Contract of Sale [Acquisition Only] or Construction costs (new construction) 

  

	 	•	 	Letter from Borrower stating who the existing lender and current outstanding principal balance. 

 Borrower/Property Manager Information 
  

	 	•	 	Description of the Borrower/to-be-formed Borrowing entity. Organizational chart if available. Include detailed information as to who the general partner/managing member is and the
limited partners/members. 

  

	 	•	 	Resume from Borrower, each Principal of Borrower and Property Manager 

  

	 	•	 	Indemnitor’s current financial statement, certified by such as true and correct 

  

	 	•	 	Management Agreement and Management Company’s Resume 

 Legal
Items 
  

	 	•	 	Copy of Ground Lease, if applicable 

  

	 	•	 	Existing Survey and Evidence of Zoning Compliance 

  

	 	•	 	Franchise Agreement (hotel only) 

  

 6Promissory note secured by deed of trust

 Exhibit 10.10 
  

	 Loan No.: 50-2856243 
	 Jay Street 

 PROMISSORY NOTE SECURED BY DEED OF TRUST 
  

	 $23,500,000.00 
	 June 27, 2006 

 FOR VALUE RECEIVED, the undersigned, WESTCORE JAY, LLC, a Delaware limited company (“Borrower”), having an address at 4445
Eastgate Mall, Suite 200, San Diego, California 92121, promises to pay to the order of WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, “Lender”), at the office of
Lender at Commercial Real Estate Services, 8739 Research Drive URP - 4, NC 1075, Charlotte, North Carolina 28262, or at such other place as Lender may designate to Borrower in writing from time to time, the principal sum of Twenty-Three Million Five
Hundred Thousand and No/100 Dollars ($23,500,000.00), together with interest on so much thereof as is from time to time outstanding and unpaid, from the date of the advance of the principal evidence hereby, at the rate of six and five one-hundredths
percent (6.05%) (the “Note Rate”), together with all other amounts due hereunder or under the other Loan Documents (as defined herein), in lawful money of the United States of America, which shall at the time of payment be
legal tender in payment of all debts and dues, public and private. 
 ARTICLE I. - TERMS AND CONDITIONS 
 1.1.    Computation of Interest. Interest shall be computed hereunder based on a 360-day year and based on he actual number of
days elapsed for any period in which interest is being calculated. Interest shall accrue from the date on which funds are advanced hereunder (regardless of the time of day) through and including the day on which funds are credited pursuant to
Section 1.2 hereof. 
 1.2    Payment of Principal and Interest. Payments in federal funds immediately
available at the place designated for payment received by Lender prior to 2:00 p.m. local time on a Business Day (as defined in the Security Instrument (as hereinafter defined)) at said place of payment shall be credited prior to close of business,
while other payments, at the option of Lender, may not be credited until immediately available to Lender in federal funds at the place designated for payment prior to 2:00 p.m. local time on the next day on which Lender is open for business.
Interest only shall be payable in one hundred twenty (120) consecutive monthly installments in the amount set forth on Annex I (the “Monthly Payment Amount”), beginning on August 11, 2006 (the “First Payment
Date”), and continuing on the eleventh (11th) day of each and every calendar month thereafter through
and including June 11, 2016 (each, a “Payment Date”). On July 11, 2016 (the “Maturity Date”) (provided that in the event that there is a Defeasance of the Loan pursuant to Section 1.5(d) hereof, the
Maturity Date shall automatically be the Lockout Expiration Date), the entire outstanding principal balance hereof, together with all accrued but unpaid interest thereon, shall be due and payable in full. 
 1.3    Application of Payments. So long as no Event of Default (as hereinafter defined) exists hereunder or under any other
Loan Document, each such monthly installment shall be applied, first, to any amounts hereafter advanced by Lender hereunder or under any other Loan 

 
Document, second, to any late fees and other amounts payable to Lender, third, to the payment of accrued interest and last to reduction of principal.

 1.4.    Payment of “Short Interest”.    If the advance of the principal amount
evidenced by this Note is made on a date other than a Payment Date, Borrower shall pay to Lender contemporaneously with the execution hereof interest at the Note Rate for a period from the date hereof through and including the tenth (10th) day of either (x) this month, in the event that the date hereof is on or prior to the 11th of the month, and (y) the immediately succeeding month, in the event that the date hereof is after the 11th of the month. 
 1.5.    Prepayment; Defeasance. 
 (a)     This Note may not be prepaid, in whole or
in part (except as otherwise specifically provided herein), at any time prior to the Payment Date occurring three (3) Payment Dates immediately prior to the Maturity Date (the “Lockout Expiration Date”). In the event that
Borrower wishes to have the Property (as hereinafter defined) released from the lien of the Security Instrument prior to the Lockout Expiration Date, Borrower’s sole option shall be a Defeasance (as hereinafter defined) upon satisfaction of the
terms and conditions set forth in Section 1.5(d) hereof. This Note may be prepaid in whole but not in part without premium or penalty on any Payment Date occurring on or after the Lockout Expiration Date provided (i) written notice of such
prepayment is received by Lender not more than ninety (90) days and not less than thirty (30) days prior to the date of such prepayment, and (ii) such prepayment is accompanied by all interest accrued hereunder through and including the date of such
prepayment and all other sums due hereunder or under the other Loan Documents. If, upon any such permitted prepayment on any Payment Date occurring on or after the Lockout Expiration Date, the aforesaid prior written notice has not been timely
received by Lender, there shall be due a prepayment fee equal to the lesser of (i) thirty (30) days’ interest computed at the Note Rate on the outstanding principal balance of this Note so prepaid and (ii) interest computed at the Note Rate on
the outstanding principal balance of this Note so prepaid that would have been payable for the period from, and including, the date of prepayment through the Maturity Date, as though such prepayment had not occurred. 
 (b)    If, prior to the Lockout Expiration Date, the indebtedness evidenced by this Note shall have been declared due and payable by
Lender pursuant to Article II hereof or the provisions of any other Loan Document due to a default by Borrower, then, in addition to the indebtedness evidenced by this Note being immediately due and payable, there shall also then be immediately due
and payable a prepayment fee in an amount equal to the Yield Maintenance Premium (as hereinafter defined) based on the entire indebtedness on the date of such acceleration. In addition to the amounts described in the preceding sentence, in the event
of any such acceleration or tender of payment of such indebtedness occurs or is made on or prior to the first (1st) anniversary of the date of this Note, there shall also then be immediately due and payable an additional prepayment fee of three
percent (3%) of the principal balance of this Note. The term “Yield Maintenance Premium” shall mean an amount equal to the greater of (A) two percent (2.0%) of the principal amount being prepaid, and (B) the present value of
a series of payments each equal to the Payment Differential (as hereinafter defined) and payable on each Payment Date over the remaining original term of this Note and on the Lockout Expiration Date, discounted at the Reinvestment Yield (as
hereinafter defined) for the number of months 

  

 2 

 
remaining as of the date of such prepayment to each such Payment Date and the Lockout Expiration Date. The Term “Payment Differential” shall
mean an amount equal to (i) the Note Rate less the Reinvestment Yield, divided by (ii) twelve (12) and multiplied by (iii) the principal sum outstanding under this Note after application of the Monthly Payment Amount due under this Note on the date
of such prepayment, provided that the Payment Differential shall in no event be less than zero. The term “Reinvestment Yield” shall mean an amount equal to the lesser of (i) the yield on the U.S. Treasury issue (primary issue) with
a maturity date closest to the Maturity Date, or (ii) the yield on the U.S. Treasury issue (primary issue) with a term equal to the remaining average life of the indebtedness evidenced by this Note, with each such yield being based on the bid price
for such issue as published in the Wall Street Journal on the date that is fourteen (14) days prior to the date of such prepayment (or, if such bid price is not published on that date, the next preceding date on which such bid price is so published)
and converted to a monthly compounded nominal yield. In the event that any prepayment fee is due hereunder, Lender shall deliver to Borrower a statement setting forth the amount and determination of the prepayment fee, and, provided that Lender
shall have in good faith applied the formula described above, Borrower shall not have the right to challenge the calculation or the method of calculation set forth in any such statement in the absence of manifest error, which calculation may be made
by Lender on any day during the fifteen (15) day period preceding the date of such prepayment. Lender shall not be obligated or required to have actually reinvested the prepaid principal balance at the Reinvestment Yield or otherwise as a condition
to receiving the prepayment fee. 
 (c)    Partial prepayments of this Note shall not be permitted, except for partial
prepayments resulting from Lender’s election to apply insurance or condemnation proceeds to reduce the outstanding principal balance of this Note as provided in the Security Instrument, in which event no prepayment fee, penalty or premium shall
be due unless, at the time of either Lender’s receipt of such proceeds or the application of such proceeds to the outstanding principal balance of this Note, an Event of Default exists, which Event of Default is unrelated to the applicable
casualty or condemnation, in which event the applicable prepayment fee or premium shall be due and payable based upon the amount of the prepayment. No notice of prepayment shall be required under the circumstances specified in the preceding
sentence, No principal amount repaid may be reborrowed. Any such partial prepayments of principal shall be applied to the unpaid principal balance evidenced hereby but such application shall not reduce the amount of the fixed monthly installments
required to be paid pursuant to Section 1.2 above. Except as otherwise expressly provided in this Section, the prepayment fees provided above shall be due, to the extent permitted by applicable law, under any and all circumstances
where all or any portion of this Note is paid prior to the Maturity Date, whether such prepayment is voluntary or involuntary, including, without limitation, if such prepayment results from Lender’s exercise of its rights upon Borrower’s
default and acceleration of the Maturity Date of this Note (irrespective of whether foreclosure proceedings have been commenced), and shall be in addition to any other sums due hereunder or under any of the other Loan Documents. No tender of a
prepayment of this Note with respect to which a prepayment fee is due shall be effective unless such prepayment is accompanied by the applicable prepayment fee. 
 (d)    (i)  On any Payment Date on or after the earlier to occur of (x) three (3) years following the first Payment Date hereunder, and (y) the day immediately following the date which is
two (2) years after the “startup day,” within the meaning of Section 860G(a) (9) of 

  

 3 

 
the Internal Revenue Code of 1986, as amended from time to time or any successor statute (the “Code”), of a “real estate
mortgage investment conduit,” within the meaning of Section 860D of the Code (a “REMIC Trust”), that holds this Note, and provided no Event of Default has occurred and is continuing hereunder or
under any of the other Loan Documents, at Borrower’s option, Lender shall cause the release of the Property from the lien of the Security Instrument and the other Loan Documents (a “Defeasance”) upon the
satisfaction of the following conditions: 
 (A)    Borrower shall give not more than ninety
(90) days’ or less than thirty (30) days’ prior written notice to Lender specifying the date Borrower intends for the Defeasance to be consummated (the “Release Date”), which date shall be Payment
Date. 
 (B)    All accrued and unpaid interest and all others sums due under this Note and under the
other Loan Documents up to and including the Release Date shall be paid in full on or prior to the Release Date. 
 (C)    Borrower shall deliver to Lender on or prior to the Release Date: 
 (1)    a sum of money in immediately available funds (the “Defeasance Deposit”) equal to the outstanding principal balance of this Note plus an amount, if any, which together with the
outstanding principal balance of this Note, shall be sufficient to enable Lender to purchase, through means and sources customarily employed and available to Lender, for the account of the Borrower, (x) direct, non-callable, fixed rate
obligations of the United States of America or (y) non-callable, fixed rate obligations, other than U.S. Treasury Obligations, that are “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act
of 1940, as amended, that provide for payments prior, but as close as possible, to all successive monthly Payment Dates occurring after the Release Date and to the Lockout Expiration Date, with each such payment being equal to or greater than
the amount of the corresponding installment of principal and/or interest required to be paid under this Note (including, but not limited to, the scheduled outstanding principal balance of the Loan due on the Maturity Date based upon payments of
principal and interest through the Lockout Expiration Date) for the balance of the term hereof (the “Defeasance Collateral”), each of which shall be duly endorsed by the holder thereof as directed by Lender or
accompanied by a written instrument of transfer in form and substance satisfactory to Lender in its sole discretion (including, without limitation, such instruments as may be required by the depository institution holding such securities or the
issuer thereof, as the case may be, to effectuate book-entry transfers and pledges through the book-entry facilities of such institution) in order to perfect upon the delivery of the Defeasance Security Agreement 

  

 4 

 
(as hereinafter defined) the first priority security interest in the Defeasance Collateral in favor of Lender in conformity with all applicable state and
federal laws governing granting of such security interests. 
 (2)    a pledge and security agreement, in
form and substance satisfactory to Lender, creating a first priority security interest in favor of Lender in the Defeasance Collateral (the “Defeasance Security Agreement”); 
 (3)    a certificate of Borrower certifying that all of the requirements set forth in this subsection 1.5(d)(i) have
been satisfied; 
 (4)    one or more opinions of counsel for Borrower in form and substance and delivered
by counsel which would be reasonably satisfactory to Lender stating, among other things, that (i) Lender has a perfected first priority security interest in the Defeasance Collateral and that the Defeasance Security Agreement is enforceable against
Borrower in accordance with its terms, (ii) in the event of a bankruptcy proceeding or similar occurrence with respect to Borrower, none of the Defeasance Collateral nor any proceeds thereof will be property of Borrower’s estate under Section
541 of the U.S. Bankruptcy Code, as amended, or any similar statute and the grant of security interest therein to Lender shall not constitute an avoidable preference under Section 547 of the U.S. Bankruptcy Code, as amended, or applicable state law,
(iii) the release of the lien of the Security Instrument and the pledge of Defeasance Collateral will not directly or indirectly result in or cause any REMIC Trust that then holds this Note to fail to maintain its status as a REMIC Trust and (iv)
the defeasance will not cause any REMIC Trust to be an “investment company” under the Investment Company Act of 1940; 
 (5)    evidence in writing from any applicable Rating Agency (as defined in the Security Instrument) to the effect that the Defeasance will not result in a downgrading, withdrawal or qualification of the respective
ratings in effect immediately prior to such Defeasance for any Securities (as hereinafter defined) issued in connection with the securitization which are then outstanding; provided, however, no evidence from a Rating Agency shall be required if this
Note does not meet the then-current review requirements of such Rating Agency. 
 (6)    a certificate in
form and scope acceptable to Lender in its sole discretion from an acceptable independent accountant (which may be designated by Lender or a defeasance consulting firm) certifying that the Defeasance Collateral will generate amounts 

  

 5 

 
sufficient to make all payments of principal and interest due under this Note through the Lockout Expiration Date and the outstanding principal balance of
the Loan due on the Maturity Date based upon payments of principal and interest through the Lockout Expiration Date; 
 (7)    Borrower and any guarantor or indemnitor of Borrower’s obligations under the Loan Documents for which Borrower has personal liability executes and delivers to Lender such documents and agreements as Lender
shall reasonably require to evidence and effectuate the ratification of such personal liability and guaranty or indemnity, respectively; 
 (8)    such other certificates, documents or instruments as Lender may reasonably require; and 
 (9)    payment of all reasonable fees, costs, expenses and charges incurred by Lender in connection with the Defeasance of the Property and the purchase of the Defeasance Collateral, including,
without limitation, all reasonable legal fees and costs and expenses incurred by Lender or its agents in connection with release of the Property, review of the proposed Defeasance Collateral and preparation of the Defeasance Security Agreement and
related documentation, any revenue, documentary, stamp, intangible or other taxes, charges or fees due in connection with transfer of the Note, assumption of the Note, or substitution of collateral for the Property shall be paid on or before the
Release Date. Without limiting Borrower’s obligations with respect thereto, Lender shall be entitled to deduct all such fees, costs, expenses and charges from the Defeasance Deposit to the extent of any portion of the Defeasance Deposit which
exceeds the amount necessary to purchase the Defeasance Collateral. 
 (D)    In connection with the
Defeasance Deposit, Borrower hereby authorizes and directs Lender using the means and sources customarily employed and available to Lender to use the Defeasance Deposit to purchase for the account of Borrower the Defeasance Collateral. Furthermore,
the Defeasance Collateral shall be arranged such that payments received from such Defeasance Collateral shall be paid directly to Lender to be applied on account of the indebtedness of this Note. Any part of the Defeasance Deposit in excess of the
amount necessary to purchase the Defeasance Collateral and to pay the other and related costs Borrower is obligated to pay under this Section 1.5 shall be refunded to Borrower. 
 (ii)    Upon compliance with the requirements of subsection 1.5(d)(i), the Property shall be released from the lien of the Security
Instrument and the other Loan Documents, and the Defeasance Collateral shall constitute collateral which shall secure this Note and all other obligations under the Loan Documents. Lender will, at 

  

 6 

 
Borrower’s expense, execute and deliver any agreements reasonably requested by Borrower to release the lien of the Security Instrument from the
Property. 
 (iii)    Upon the release of the Property in accordance with this Section 1.5(d), Borrower shall
assign all its obligations and rights under this Note, together with the pledged Defeasance Collateral, to a newly created successor entity which complies with the terms of Section 2.29 of the Security Instrument designated by Lender in its
sole discretion. Such successor entity shall execute an assumption agreement in form and substance satisfactory to Lender in its sole discretion pursuant to which it shall assume Borrower’s obligations under this Note and the Defeasance
Security Agreement. As conditions to such assignment and assumption, Borrower shall (x) deliver to Lender an opinion of counsel in form and substance reasonably satisfactory to a prudent lender and delivered by counsel satisfactory to a prudent
lender stating, among other things, that such assumption agreement is enforceable against Borrower and such successor entity in accordance with its terms and that this Note and the Defeasance Security Agreement as so assumed, are enforceable against
such successor entity in accordance with their respective terms, and (y) pay all costs and expenses (including, but not limited to, legal fees) incurred by Lender or its agents in connection with such assignment and assumption (including, without
limitation, the review of the proposed transferee and the preparation of the assumption agreement and related documentation). Upon such assumption, Borrower shall be relieved of its obligations hereunder, under the other Loan Documents other than as
specified in Section 1.5(d)(i)(C)(7) above and under the Defeasance Security Agreement (or other Defeasance document). 
 (e)    THE PROVISIONS OF THIS SECTION 1.5 APPLY TO ANY PAYMENT OF PRINCIPAL BEFORE ITS SCHEDULED DUE DATE, WHETHER MADE VOLUNTARILY OR INVOLUNTARILY FOLLOWING ANY ACCELERATION OF THIS NOTE. THE PORTION OF THE
PRINCIPAL BALANCE OF THIS NOTE THAT IS DISCHARGED AT ANY JUDICIAL OR NONJUDICIAL FORECLOSURE SALE UNDER THE SECURITY INSTRUMENT SHALL BE DEEMED TO BE A PREPAYMENT, AND LENDER SHALL E ENTITLED (BUT NOT REQUIRED) TO INCLUDE IN LENDER’S CREDIT BID
AT ANY SUCH FORECLOSURE SALE THE FULL AMOUNT OF THE PREPAYMENT PREMIUM OWED BY REASON OF SUCH PREPAYMENT. IF ANY PREPAYMENT OF PRINCIPAL IS TENDERED WITHOUT THE ENTIRE PREPAYMENT PREMIUM DUE HEREUNDER, THEN LENDER EITHER MAY REFUSE TO ACCEPT THE
TENDERED PREPAYMENT OR MAY ACCEPT THE TENDERED PREPAYMENT AND THEREAFTER REQUIRE BORROWER TO PAY THE YIELD MAINTENANCE PREMIUM WHICH SHALL CONSTITUTE INDEBTEDNESS EVIDENCED BY THIS NOTE AND SECURED BY THE SECURITY INSTRUMENT. AS A MATERIAL
INDUCEMENT TO LENDER TO MAKE THE LOAN EVIDENCED BY THIS NOTE, BORROWER EXPRESSLY WAIVES ALL RIGHTS UNDER ANY PRESENT OR FUTURE STATUTE OR LAW INCLUDING BUT NOT LIMITED TO SECTION 2954.10 OF THE CALIFORNIA CIVIL CODE, OR ANY SUCCESSOR STATUTE THAT
PROHIBITS OR RESTRICTS THE COLLECTION OF PREPAYMENT PREMIUMS IN CONNECTION WITH ACCELERATION FOLLOWING DEFAULT OR A TRANSFER OF THE PROPERTY OR OF AN INTEREST IN THE BORROWER. 
              BORROWER’S INITIALS 
  

 7 

 1.6.    Security.    The indebtedness evidenced by this
Note and the obligations created hereby are secured by, among other things, that certain mortgage, deed of trust or deed to secure debt, security agreement and fixture filing (the “Security Instrument”) from Borrower for the
benefit of Lender, dated of even date herewith, covering the Property. The Security Instrument, together with this Note and all other documents to or of which Lender is a party or beneficiary now or hereafter evidencing, securing, guarantying,
modifying or otherwise relating to the indebtedness evidenced hereby, are herein referred to collectively as the “Loan Documents”. All of the terms and provisions of the Loan Documents are incorporated herein by reference.
Some of the Loan Documents are to be filed for record on or about the date hereof in the appropriate public records. 
 ARTICLE II.
– DEFAULT 
 2.1.    Events of Default.    It is hereby expressly agreed that
should any default occur in the payment of principal or interest as stipulated above and such payment is not made on the date such payment is due, or should any other default occur under any other Loan Document and not be cured within any applicable
grace or notice period (if any), then an Event of Default (an “Event of Default”) shall exist hereunder, and in such event the indebtedness evidenced hereby, including all sums advanced or accrued hereunder or under any other
Loan Document, and all unpaid interest accrued thereon, shall, at the option of Lender and without notice to Borrower, at once become due and payable and may be collected forthwith, whether or not there has been a prior demand for payment and
regardless of the stipulated date of maturity. 
 2.2.    Late Charges.    In the event that
any payment (other than the regularly scheduled payment of the principal balance of the Note on the Maturity Date or the principal balance of the Note at acceleration) is not received by Lender on the date when due (subject to any applicable grace
period), then, in addition to any default interest payments due hereunder, Borrower shall also pay to Lender a late charge in an amount equal to five percent (5%) of the amount of such overdue payment. 
 2.3.    Default Interest Rate.    So long as any Event of Default exists hereunder or under any other Loan
Document, regardless of whether or not there has been an acceleration of the indebtedness evidenced hereby, and at all times after maturity of the indebtedness evidenced hereby (whether by acceleration or otherwise), interest shall accrue on the
outstanding principal balance of this Note, from the date due until the date credited, at a rate per annum equal to four percent (4%) in excess of the Note Rate, or, if such increased rate of interest may not be collected under applicable law (as
applicable), then at the maximum rate of interest, if any, which may be collected from Borrower under applicable law (as applicable, the “Default Interest Rate”), and such default interest shall be immediately due and
payable. 
 2.4.    Borrower’s Agreements.    Borrower acknowledges that it would be
extremely difficult or impracticable to determine Lender’s actual damages resulting form any late payment or default, and such late charges and default interest are reasonable estimates of those damages and do not constitute a penalty. The
remedies of Lender in this Note or in the Loan Documents, or at law or in equity, shall be cumulative and concurrent, and may be pursued singly, successively or together, in Lender’s discretion. 
  

 8 

 2.5.    Borrower to Pay Costs.    In the event that this
Note, or any part hereof, is collected by or through an attorney-at-law, Borrower agrees to pay all costs of collection, including, but not limited to, reasonable attorneys’ fees. 
 2.6.    Exculpation.    Notwithstanding anything in this Note or the Loan Documents to the contrary, but
subject to the qualifications hereinbelow set forth, Lender agrees that: 
 (a)    Borrower shall be liable upon the
indebtedness evidenced hereby and for the other obligations arising under the Loan Documents to the full extent (but only to the extent) of the security therefor, the same being all properties (whether real or personal), rights, estates and
interests now or at any time hereafter securing the payment of this Note and/or the other obligations of Borrower under the Loan Documents (collectively, the “Property”); 
 (b)    if a default occurs in the timely and proper payment of all or any part of such indebtedness evidenced hereby or in the timely
and proper performance of the other obligations of Borrower under the Loan Documents, any judicial proceedings brought by Lender against Borrower shall be limited to the preservation, enforcement and foreclosure, or any thereof, of the liens,
security titles, estates, assignments, rights and security interests now or at any time hereafter securing the payment of this Note and/or the other obligations of Borrower under the Loan Documents, and no attachment, execution or other writ of
process shall be sought, issued or levied upon any assets, properties or funds of Borrower other than the Property, except with respect to the liability described below in this section; and 
 (c)    in the event of a foreclosure of such liens, security titles, estates, assignments, rights or security interests securing the
payment of this Note and/or the other obligations of Borrower under the Loan Documents, no judgment for any deficiency upon the indebtedness evidenced hereby shall be sought or obtained by Lender against Borrower, except with respect to the
liability described below in this section; provided, however, that, notwithstanding the foregoing provisions of this section, Borrower shall be fully and personally liable and subject to legal action (i) for proceeds paid under any insurance
policies (or paid as a result of any other claim or cause of action against any person or entity) by reason of damage, loss or destruction to all or any portion of the Property, to the full extent of such proceeds not previously delivered to Lender,
but which, under the terms of the Loan Documents, should have been delivered to Lender, (ii) for proceeds or awards resulting from the condemnation or other taking in lieu of condemnation of all or any portion of the Property, to the full extent of
such proceeds or awards not previously delivered to Lender, but which, under the terms of the Loan Documents, should have been delivered to Lender, (iii) for all tenant security deposits or other refundable deposits paid to or held by Borrower or
any other person or entity in connection with leases of all or any portion of the Property which are not applied in accordance with the terms of the applicable lease or other agreement, (iv) for rent and other payments received from tenants under
leases of all or any portion of the Property paid more than one (1) month in advance, (v) for rents, issues, profits and revenues of all or any portion of the Property received or applicable to a period after the occurrence of any Event of Default
hereunder or under the Loan Documents or any event which, with notice or the passage of time, or both, would constitute an Event of Default, hereunder or under the Loan Documents which are not either applied to the ordinary and necessary expenses of
owning and operating the Property or paid to Lender, (vi) for waste committed on the Property, damage to the Property as a result of the intentional misconduct or 

  

 9 

 
gross negligence of Borrower or any of its principals, officers, general partners or members, any guarantor, any indemnitor, or any agent or employee of any
such person, or any removal of all or any portion of the Property in violation of the terms of the Loan Documents, to the full extent of the losses or damages incurred by Lender on account of such occurrence, (vii) for failure to pay any valid
taxes, assessments, mechanic’s liens, materialmen’s liens or other liens which could create liens on any portion of the Property which would be superior to the lien or security title of the Security Instrument or the other Loan Documents,
to the full extent of the amount claimed by any such lien claimant except, with respect to any such taxes or assessments, to the extent that funds have been deposited with the Lender pursuant to the terms of the Security Instrument specifically for
the applicable taxes or assessments and not applied by Lender to pay such taxes and assessments, (viii) for all obligations and indemnities of Borrower under the Loan Documents relating to Hazardous Substances (as defined in the Security Instrument)
or radon or compliance with Environmental Laws (as defined in the Security Instrument) and regulations to the full extent of any losses or damages (including those resulting from diminution in value of any Property) incurred by Lender and/or any of
its affiliates as a result of the existence of such Hazardous Substances or radon or failure to comply with such Environmental Laws or regulations, and (ix) for fraud, material misrepresentation, failure to disclose a material fact, any untrue
statement of a material fact or omission to state a material fact in the written materials and/or information provided to Lender or any of its affiliates by or on behalf of Borrower or any of its affiliates, principals, officers, general partners or
members, any guarantor, any indemnitor or any agent, employee or other person authorized or apparently authorized to make statements, representations or disclosures on behalf of Borrower, any affiliate, principal, officer, general partner or member
of Borrower, any guarantor or any indemnitor, to the full extent of any losses, damages and expenses of Lender and/or any of its affiliates on account thereof. References herein to particular sections of the Loan Documents shall be deemed references
to such sections as affected by other provisions of the Loan Documents relating thereto. Nothing contained in this sections shall (1) be deemed to be a release or impairment of the indebtedness evidenced by this Note or the other obligations of
Borrower under the Loan Documents or the lien of the Loan Documents upon the Property, or (2) preclude Lender from foreclosing the Loan Documents in case of any default or from enforcing any of the other rights of Lender except as stated in this
section, or (3) limit or impair in any way whatsoever the Environmental Indemnity agreement (the “Environmental Indemnity Agreement”), of even data herewith executed and delivered in connection with the indebtedness evidenced
by this Note or release, relieve, reduce, waive or impair in any way whatsoever, any obligation of any party to the Environmental Indemnity Agreement. 
 Notwithstanding the foregoing, the agreement of Lender not to pursue recourse liability as set forth in this Section 2.6 SHALL BECOME NULL AND VOID and shall be of no further force and effect in the event of (i) a
default by Borrower, any Indemnitor (as defined in the Security Instrument) or any general partner, manager or managing member of Borrower of any of the covenants set forth in Section 2.9 of the Security Instrument or a default by Borrower,
Indemnitor or any general partner, manager or managing member of Borrower which is a Single-Purpose Entity (as defined in the Security Instrument) (if any) of the covenants set forth in Section 2.29 of the Security Instrument, or (ii) if the
Property or any part thereof shall become an asset in (A) a voluntary bankruptcy or insolvency proceeding of Borrower or any Indemnitor, or (B) an involuntary bankruptcy or insolvency proceeding of Borrower or any Indemnitor in which 

  

 10 

 
the Borrower or any Indemnitor colludes with creditors in such bankruptcy or insolvency proceeding and which is not dismissed within sixty (60) days of
filing. 
 Notwithstanding anything to the contrary in this Note, the Security Instrument or any of the other Loan Documents, Lender shall
not be deemed to have waived any right which Lender may have under Section 506(a), 506(b), 1111(b) or any other provisions of the U.S. Bankruptcy Code to file a claim for the full amount of the indebtedness evidenced hereby or secured by the
Security Instrument or any of the other Loan Documents or to require that all collateral shall continue to secure all of the indebtedness owing to Lender in accordance with this Note, the Security Instrument and the other Loan Documents. 

Notwithstanding anything to the contrary contained in this Note or the other Loan Documents, neither any present or future Constituent Member (as
hereinafter defined) in Borrower nor any present or future shareholder, officer, director, employee, trustee, beneficiary, advisor, partner, member, principal, participant or agent of or in Borrower or of or in any person or entity that is or
becomes a Constituent Member in Borrower (collectively “Constituent Members”) shall have any personal liability, directly or indirectly, under or in connection with the Note, the Security Instrument or the other Loan Documents, or
any amendment or amendments to any of the foregoing made at any time or times hereafter and Lender, on behalf of itself and its successors and assigns, hereby waives any and all such personal liability. 
 The term “Constituent Member”, as used herein, shall mean any direct member in borrower and any person or entity that, directly or indirectly
through one or more other partnership, limited liability companies, corporations or other entities is a member in Borrower. 
 Neither the
negative capital account of any Constituent Member in Borrower or in any other Constituent Member in Borrower, nor any obligation of any Constituent Member in Borrower to restore a negative capital account or to contribute or loan capital to
Borrower or to any other Constituent Member in Borrower shall at any time be deemed to be the property or an asset of Borrower (or any such other Constituent Member) and neither Lender nor any of its successors or assigns shall have any right to
collect, enforce or proceed against with respect to any such negative capital account or obligation to restore, contribute or loan. 
 ARTICLE III. - GENERAL CONDITIONS 
 3.1.    No Waiver; Amendment.    No
failure to accelerate the indebtedness evidenced hereby by reason of default hereunder, acceptance of a partial or past due payment, or indulgences granted from time to time shall be construed (i) as a novation of this Note or as a reinstatement of
the indebtedness evidenced hereby or as a waiver of such right of acceleration or of the right of Lender thereafter to insist upon strict compliance with the terms of this Note, or (ii) to prevent the exercise of such right of acceleration or any
other right granted hereunder or by any applicable laws; and Borrower hereby expressly waives the benefit of any statute or rule of law or equity now provided, or which may hereafter be provided, which would produce a result contrary to or in
conflict with the foregoing. No extension of the time for the payment of this Note or any installment due hereunder made by agreement with any person now or hereafter liable for the payment of this Note shall operate to release, discharge, modify,
change or affect the original liability or Borrower under this Note, either in whole or in part, unless Lender agrees 

  

 11 

 
otherwise in writing. This Note may not be changed orally, but only by an agreement in writing signed by the party against whom enforcement of any waiver,
change, modification or discharge is sought. 
 3.2.    Waivers.    Presentment for payment,
demand, protest and notice of demand, protest and nonpayment and all other notices (except as expressly provided by the terms of the Loan Documents) are hereby waived by Borrower. Borrower hereby further waives and renounces, to the fullest extent
permitted by law, all rights to the benefits of any moratorium, reinstatement, marshaling, forbearance, valuation, stay, extension, redemption, appraisement, exemption and homestead now or hereafter provided by the Constitution and laws of the
United States of America and of each state thereof, both as to itself and in and to all of its property, real and personal, against the enforcement and collection of the obligations evidenced by this Note or the other Loan Documents. 
 3.3.    Limit of Validity.    The provisions of this Note and of all agreements between Borrower and
Lender, whether now existing or hereafter arising and whether written or oral, including, but not limited to, the Loan Documents, are hereby expressly limited so that in no contingency or event whatsoever, whether by reason of demand or acceleration
of the maturity of this Note or otherwise, shall the amount contracted for, charged, taken, reserved, paid or agreed to be paid (“Interest”) to Lender for the use, forbearance or detention of the money loaned under this Note
exceed the maximum amount permissible under applicable law. If, from any circumstance whatsoever, performance or fulfillment of any provision hereof or of any agreement between Borrower and Lender shall, at the time performance or fulfillment of
such provision shall be due, exceed the limit for Interest prescribed by law or otherwise transcend the limit of validity prescribed by applicable law, then, ipso facto, the obligation to be performed or fulfilled shall be reduced to
such limit, and if, from any circumstance whatsoever, Lender shall ever receive anything of value deemed Interest by applicable law in excess of the maximum lawful amount, an amount equal to any excessive Interest shall be applied to the reduction
of the principal balance owing under this Note in the inverse order of its maturity (whether or not then due) or, at the option of Lender, be paid over to Borrower, and not to the payment of Interest. All Interest (including any amounts or payments
judicially or otherwise under the law deemed to be Interest) contracted for, charged, taken, reserved, paid or agreed to be paid to Lender shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the
full term of this Note, including any extensions and renewals hereof until payment in full of the principal balance of this Note so that the Interest thereon for such full term will not exceed at any time the maximum amount permitted by applicable
law. The the extent United States federal law permits a greater amount of interest than is permitted under the law of the State in which the Property is located, Lender will rely on United States federal law for the purpose of determining the
maximum amount permitted by applicable law. Additionally, to the extent permitted by applicable law now or hereafter in effect, Lender may, at its option and from time to time, implement any other method of computing the maximum lawful rate under
the law of the State in which the Property is located or under other applicable law by giving notice, if required, to Borrower as provided by applicable law now or hereafter in effect. This Section 3.3 will control all agreements between
Borrower and Lender. 
 3.4.    Use of Funds.    Borrower hereby warrants, represents and
covenants that no funds disbursed hereunder shall by used by Borrower for personal, family or household purposes. 
  

 12 

 3.5.    Unconditional Payment.    Borrower is and shall be
obligated to pay principal, interest and any and all other amounts which become payable hereunder or under the other Loan Documents absolutely and unconditionally and without any abatement, postponement, diminution or deduction and without any
reduction for counterclaim or setoff. In the event that at any time any payment received by Lender hereunder shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under any bankruptcy,
insolvency or other debtor relief law, then the obligation to make such payment shall survive any cancellation or satisfaction of this Note or return thereof to Borrower and shall not be discharged or satisfied with any prior payment thereof or
cancellation of this Note, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and payable upon demand. 
 3.6.    Governing Law.    THIS NOTE SHALL BE INTERPRETED, CONSTRUED AND ENFORCED ACCORDING TO THE LAWS OF
THE STATE IN WHICH THE PROPERTY IS LOCATED. 
 3.7.    Waiver of Jury Trial.    BORROWER, TO
THE FULL EXTENT PERMITTED BY LAW, HEREBY KNOWINGLY, INTENTIONALLY AND VOLUNTARILY, WITH AND UPON THE ADVICE OF COMPETENT COUNSEL, WAIVES, RELINQUISHES AND FOREVER FORGOES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED UPON, ARISING
OUT OF, OR IN ANY WAY RELATING TO THE DEBT EVIDENCED BY THIS NOTE OR ANY CONDUCT, ACT OR OMISSION OF LENDER OR BORROWER, OR ANY OF THEIR RESPECTIVE DIRECTORS, OFFICERS, PARTNERS, MEMBERS, EMPLOYEES, AGENTS OR ATTORNEYS, OR ANY OTHER PERSONS
AFFILIATED WITH LENDER OR BORROWER, IN EACH OF THE FOREGOING CASES, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE. 
 ARTICLE IV. -
MISCELLANEOUS PROVISIONS 
 4.1.    Successors and Assigns; Joint and Several;
Interpretation.    The terms and provisions hereof shall be binding upon and inure to the benefit of Borrower and Lender and their respective heirs, executors, legal representatives, successors, successors-in-title and
assigns, whether by voluntary action of the parties or by operation of law. As used herein, the terms “Borrower” and “Lender” shall be deemed to include their respective heirs, executors, legal representatives, successors,
successors-in-title and assigns, whether by voluntary action of the parties or by operation of law. If Borrower consists of more than one person or entity, each shall be jointly and severally liable to perform the obligations of Borrower under this
Note. All personal pronouns used herein, whether used in the masculine, feminine or neuter gender, shall include all other genders; the singular shall include the plural and vice versa. Titles of articles and sections are for convenience only and in
no way define, limit, amplify or describe the scope or intent of any provisions hereof. Time is of the essence with respect to all provisions of this Note. This Note and the other Loan Documents contain the entire agreements between the parties
hereto relating to the subject matter hereof and thereof and all prior agreements relative hereto and thereto which are not contained herein or therein are terminated. 
 4.2.    Taxpayer Identification.    Borrower’s Tax Identification Number is 20-5080191. 
  

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 [THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 
  

 14 

 IN WITNESS WHEREOF, Borrower has executed this Note as of the date first written above. 
                                       
                                        
                    BORROWER: 
  
                                        
                                        
                   WESTCORE JAY, LLC, 
                                        
                                        
                   a Delaware limited liability company 
  
                                        
                                        
                   By:    Westcore Jay Partners, 
                                        
                                        
                             a Delaware general partnership, 
                                        
                                        
                             its Sole Member 
  
                                        
                                        
                             By:    WP Jay, LLC, 
                                        
                                        
                                       a Delaware
limited liability company, 
                                        
                                        
                                       its General
Partner 
  
                                        
                                        
                                       By: 
   MRB Manager, LLC, 
                                        
                                        
                                        
         a Delaware limited liability 
                                        
                                        
                                        
         company, its Manager 
  
  

			
		
	By:	 	/S/    MANISH
MALHOTRA        
	Name:	 	Manish Malhotra
	Title:	 	Vice President

 ANNEX 1 TO $23,500,000.00 PROMISSORY NOTE 
 BY WESTCORE JAY, LLC 
 TO WACHOVIA BANK, NATIONAL ASSOCIATION 
  
 [SEE ATTACHED] 

 LOAN TERMS 
  

						
	 	  	 	 	 	Currency in US Dollar
	 Original Principal Amount
	  	23,500,000.00	 	 	
	 Note Rate % (Per Amount)
	  	6.050	%	 	
	 Original Amortization Term (Months)
	  			 	
	 Monthly Payment Amount (Excluding 10 Period)
	  	118,479.17	 	 	
	 Note Date
	  	6/27/2006	 	 	
	 First Pay Date
	  	8/11/2006	 	 	
	 Original Loan Term (Months)
	  	120	 	 	
	 Scheduled Maturity Date
	  	7/11/06	 	 	
	 Interest Accrual Basis During Amortization Periods
	  	ACTUAL/360	 	 	
	 Interest Only (IO) Periods (Months)
	  	120	 	 	
	 Interest Accrual Basis During IO Period
	  	ACTUAL/360	 	 	
	 JAY STREET
	  			 	502856243

  

															
	 	  	Pay Period	  	 Pay Date
	  	 Accrual
 Days in
Period
	  	Scheduled Payment	  	Interest Component of
Scheduled Payment	  	Principal Component of
Scheduled Payment	  	Ending Unpaid
Principal Balance
		  	0	  	7/11/2006	  	14	  	0.00	  	55,290.34	  	0.00	  	23,500,000.00
		  	1	  	8/11/2006	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	2	  	9/11/2006	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	3	  	10/11/2006	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	4	  	11/11/2006	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	5	  	12/11/2006	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	6	  	1/11/2007	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	7	  	2/11/2007	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	8	  	3/11/2007	  	28	  	110,580.56	  	110,580.56	  	0.00	  	23,500,000.00
		  	9	  	4/11/2007	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	10	  	5/11/2007	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	11	  	6/11/2007	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	12	  	7/11/2007	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	13	  	8/11/2007	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	14	  	9/11/2007	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	15	  	10/11/2007	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	16	  	11/11/2007	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	17	  	12/11/2007	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	18	  	1/11/2008	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	19	  	2/11/2008	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	20	  	3/11/2008	  	29	  	114,529.86	  	114,529.86	  	0.00	  	23,500,000.00
		  	21	  	4/11/2008	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	22	  	5/11/2008	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	23	  	6/11/2008	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	24	  	7/11/2008	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	25	  	8/11/2008	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	26	  	9/11/2008	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	27	  	10/11/2008	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	28	  	11/11/2008	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	29	  	12/11/2008	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	30	  	1/11/2009	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	31	  	2/11/2009	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	32	  	3/11/2009	  	28	  	110,580.56	  	110,580.56	  	0.00	  	23,500,000.00
		  	33	  	4/11/2009	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	34	  	5/11/2009	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	35	  	6/11/2009	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	36	  	7/11/2009	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	37	  	8/11/2009	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	38	  	9/11/2009	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	39	  	10/11/2009	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	40	  	11/11/2009	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	41	  	12/11/2009	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	42	  	1/11/2010	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	43	  	2/11/2010	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	44	  	3/11/2010	  	28	  	110,580.56	  	110,580.56	  	0.00	  	23,500,000.00
		  	45	  	4/11/2010	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	46	  	5/11/2010	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	47	  	6/11/2010	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	48	  	7/11/2010	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	49	  	8/11/2010	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	50	  	9/11/2010	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	51	  	10/11/2010	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	52	  	11/11/2010	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00

															
		  	53	  	12/11/2010	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	54	  	1/11/2011	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	55	  	2/11/2011	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	56	  	3/11/2011	  	28	  	110,580.56	  	110,580.56	  	0.00	  	23,500,000.00
		  	57	  	4/11/2011	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	58	  	5/11/2011	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	59	  	6/11/2011	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	60	  	7/11/2011	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	61	  	8/11/2011	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	62	  	9/11/2011	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	63	  	10/11/2011	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	64	  	11/11/2011	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	65	  	12/11/2011	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	66	  	1/11/2012	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	67	  	2/11/2012	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	68	  	3/11/2012	  	29	  	114,529.86	  	114,529.86	  	0.00	  	23,500,000.00
		  	69	  	4/11/2012	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	70	  	5/11/2012	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	71	  	6/11/2012	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	72	  	7/11/2012	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	73	  	8/11/2012	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	74	  	9/11/2012	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	75	  	10/11/2012	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	76	  	11/11/2012	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	77	  	12/11/2012	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	78	  	1/11/2013	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	79	  	2/11/2013	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	80	  	3/11/2013	  	28	  	110,580.56	  	110,580.56	  	0.00	  	23,500,000.00
		  	81	  	4/11/2013	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	82	  	5/11/2013	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	83	  	6/11/2013	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	84	  	7/11/2013	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	85	  	8/11/2013	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	86	  	9/11/2013	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	87	  	10/11/2013	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	88	  	11/11/2013	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	89	  	12/11/2013	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	90	  	1/11/2014	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	91	  	2/11/2014	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	92	  	3/11/2014	  	28	  	110,580.56	  	110,580.56	  	0.00	  	23,500,000.00
		  	93	  	4/11/2014	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	94	  	5/11/2014	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	95	  	6/11/2014	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	96	  	7/11/2014	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	97	  	8/11/2014	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	98	  	9/11/2014	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	99	  	10/11/2014	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	100	  	11/11/2014	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	101	  	12/11/2014	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	102	  	1/11/2015	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	103	  	2/11/2015	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	104	  	3/11/2015	  	28	  	110,580.56	  	110,580.56	  	0.00	  	23,500,000.00
		  	105	  	4/11/2015	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	106	  	5/11/2015	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	107	  	6/11/2015	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	108	  	7/11/2015	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	109	  	8/11/2015	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	110	  	9/11/2015	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	111	  	10/11/2015	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	112	  	11/11/2015	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	113	  	12/11/2015	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	114	  	1/11/2016	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	115	  	2/11/2016	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	116	  	3/11/2016	  	29	  	114,529.86	  	114,529.86	  	0.00	  	23,500,000.00
		  	117	  	4/11/2016	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	118	  	5/11/2016	  	30	  	118,479.17	  	118,479.17	  	0.00	  	23,500,000.00
		  	119	  	6/11/2016	  	31	  	122,428.47	  	122,428.47	  	0.00	  	23,500,000.00
		  	120	  	7/11/2016	  	30	  	23,618,479.17	  	118,479.17	  	23,500,000.00	  	0.00
		  	120	  		  	3,653	  	37,926,813.20	  	14,426,813.20	  	23,500,000.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00108-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00108-of-00352.parquet"}]]