Document:

Exhibit
4.6

 

FORM
OF

AMENDED & RESTATED WARRANT AGREEMENT

 

THIS
AMENDED & RESTATED WARRANT AGREEMENT (“Agreement”) dated as of [●], 2019 is between Nesco
Holdings, Inc., a Delaware corporation, (“Company”), and Continental Stock Transfer & Trust Company,
a New York corporation (“Warrant Agent”).

 

WHEREAS,
Capitol Investment Corp. IV, a Cayman Islands exempted company and the predecessor of Nesco Holdings, Inc. prior to the Domestication
(as defined below) (“Capitol”), and the Warrant Agent are parties to that certain Warrant Agreement,
dated as of August 15, 2017 (the “Existing Warrant Agreement”);

 

WHEREAS,
certain of the warrants issued by Capitol were purchased by sponsors, officers and directors of Capitol (the “Sponsor
Warrants”);

 

WHEREAS,
Capitol and the other parties named therein entered into that certain Agreement and Plan of Merger, dated as of April 7, 2019
(the “Merger Agreement”);

 

WHEREAS,
in connection with the transactions contemplated by the Merger Agreement, Capitol has deregistered as a Cayman Islands exempted
company and continued and domesticated as Nesco Holdings, Inc., a corporation incorporated under the laws of Delaware, in accordance
with Section 388 of the Delaware General Corporation law and the Cayman Islands Companies Law (2018 Revision) (the “Domestication”);

 

WHEREAS,
in connection with the Domestication, (i) Capitol Investment Merger Sub 1, LLC, a Delaware limited liability company and wholly-owned
subsidiary of Capitol, merged with and into the NESCO Holdings I, Inc., a Delaware corporation, with NESCO Holdings I, Inc. surviving
as a wholly-owned subsidiary of Capitol, (ii) immediately following such merger, NESCO Holdings I, Inc. merged with and into Capitol
Investment Merger Sub 2, LLC, a Delaware limited liability company and wholly-owned subsidiary of Capitol, with Capitol Investment
Merger Sub 2, LLC surviving as an indirect wholly-owned subsidiary of Capitol (the “Merger” and, together
with the Domestication, the “Business Combination”);

 

WHEREAS,
upon consummation of the Domestication, as provided in Section 4.5 of the Existing Warrant Agreement, the warrants
issued thereunder will no longer be exercisable for Class A Ordinary Shares of Capitol but instead will be exercisable (subject
to the terms and conditions of the Existing Warrant Agreement as amended hereby) for a number of shares of common stock, par value
$0.0001 per share (the “Common Stock”), of the Company equal to the number of Class A Ordinary Shares
of Capitol for which such warrants were exercisable immediately prior to the Domestication (subject to the terms and conditions
of the Existing Warrant Agreement as amended hereby) (such warrants as so adjusted and amended, the “Warrants”);

 

     

     

    

 

WHEREAS,
in connection with the transactions contemplated by the Merger Agreement, the Company issued an aggregate of 2,500,000 Warrants
(such Warrants, together with the Sponsor Warrants, the “Non-Public Warrants”) to NESCO Holdings, LP,
a Delaware limited partnership;

 

WHEREAS,
the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection
with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants;

 

WHEREAS,
the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised,
and the respective rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants;
and

 

WHEREAS,
all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company
and countersigned by or on behalf of the Warrant Agent, as provided herein, the valid, binding and legal obligations of the Company,
and to authorize the execution and delivery of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

1.
Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants,
and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions
set forth in this Agreement.

 

2.
Warrants.

 

2.1
Form of Warrant. Each Warrant shall be issued in registered form only, shall be in substantially the form of Exhibit A
hereto, the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman
of the Board of Directors or Chief Executive Officer and Treasurer, Secretary or Assistant Secretary of the Company and shall
bear a facsimile of the Company’s seal. In the event the person whose facsimile signature has been placed upon any Warrant
shall have ceased to serve in the capacity in which such person signed the Warrant before such Warrant is issued, it may be issued
with the same effect as if he or she had not ceased to be such at the date of issuance.

 

2.2
Uncertificated Warrants. Notwithstanding anything herein to the contrary, any Warrant may be issued in uncertificated or
book-entry form through the Warrant Agent and/or the facilities of The Depository Trust Company (the “Depositary”)
or other book-entry depositary system, in each case as determined by the Board of Directors of the Company or by an authorized
committee thereof. Any Warrant so issued shall have the same terms, force and effect as a certificated Warrant that has been duly
countersigned by the Warrant Agent in accordance with the terms of this Agreement.

 

2.3
Effect of Countersignature. Except with respect to uncertificated Warrants as described above, unless and until countersigned
by the Warrant Agent pursuant to this Agreement, a Warrant shall be invalid and of no effect and may not be exercised by the holder
thereof.

 

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2.4
Registration.

 

2.4.1
Warrant Register. The Warrant Agent shall maintain books (“Warrant Register”) for the registration
of original issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants, the Warrant
Agent shall issue and register the Warrants in the names of the respective holders thereof in such denominations and otherwise
in accordance with instructions delivered to the Warrant Agent by the Company.

 

2.4.2
Registered Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent
may deem and treat the person in whose name such Warrant shall be registered upon the Warrant Register (“registered
holder”) as the absolute owner of such Warrant and of each Warrant represented thereby (notwithstanding any notation
of ownership or other writing on the Warrant certificate made by anyone other than the Company or the Warrant Agent), for the
purpose of any exercise thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by
any notice to the contrary.

 

2.5
Non-Public Warrant Attributes. The Non-Public Warrants have been issued in the same form as the other Warrants but they
(i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis at the holder’s option,
in either case as long as the Non-Public Warrants are held by the holders as of the date hereof, their affiliates and Permitted
Transferees. Once a Non-Public Warrant is transferred to a holder other than an affiliate or Permitted Transferee, it shall no
longer be deemed a Non-Public Warrant.

 

3.
Terms and Exercise of Warrants

 

3.1
Warrant Price. Each whole Warrant shall, when countersigned by the Warrant Agent, entitle the registered holder thereof,
subject to the provisions of such Warrant and of this Warrant Agreement, to purchase from the Company the number of shares of
Common Stock stated therein, at the price of $11.50 per share, subject to the adjustments provided in Section 4 hereof
and in the last sentence of this Section 3.1. The term “Warrant Price” as used in this Warrant
Agreement refers to the price per share at which the shares of Common Stock may be purchased at the time a Warrant is exercised.
The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for
a period of not less than twenty (20) Business Days; provided, that the Company shall provide at least twenty (20) days prior
written notice of such reduction to registered holders of the Warrants and, provided further that any such reduction shall be
applied consistently to all of the Warrants. For purposes of this Agreement, a “Business Day” shall
mean a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required
by law to close.

 

3.2
Duration of Warrants. A Warrant may be exercised only during the period (“Exercise Period”) commencing
on the date that is 30 days after the date hereof and terminating at 5:00 p.m., New York City time on the earlier to occur of
(i) the date that is five years after the date hereof and (ii) the Redemption Date as provided in Section 6.2 (“Expiration
Date”). Except with respect to the right to receive the Redemption Price (as set forth in Section 6 hereunder),
each Warrant not exercised on or before the Expiration Date shall become void, and all rights thereunder and all rights in respect
thereof under this Agreement shall cease at the close of business on the Expiration Date. The Company in its sole discretion may
extend the duration of the Warrants by delaying the Expiration Date; provided, however, that the Company will provide at least
twenty (20) days prior written notice of any such extension to registered holders.

 

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3.3
Exercise of Warrants.

 

3.3.1
Payment. Subject to the provisions of the Warrant and this Warrant Agreement, a Warrant, when countersigned by the Warrant
Agent, may be exercised by the registered holder thereof by surrendering it, at the office of the Warrant Agent, or at the office
of its successor as Warrant Agent, in the Borough of Manhattan, City and State of New York, with the subscription form, as set
forth in the Warrant, duly executed, and by paying in full the Warrant Price for each share of Common Stock as to which the Warrant
is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, as follows:

 

(a)  
by good certified check or good bank draft payable to the order of the Company (or as otherwise agreed to by the Company); or

 

(b)  
in the event of redemption pursuant to Section 6 hereof in which the Company’s management has elected to force all
holders of Warrants to exercise such Warrants on a “cashless basis,” by surrendering the Warrants for
that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common
Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value”
(defined below) by (y) the Fair Market Value. Solely for purposes of this Section 3.3.1(b), the “Fair Market
Value” shall mean the average reported last sale price of the shares of Common Stock for the ten (10) trading days
ending on the third trading day prior to the date on which the notice of redemption is sent to holders of Warrant pursuant to
Section 6 hereof; or

 

(c)  
with respect to any Non-Public Warrants, so long as such Non-Public Warrants are held by the initial holders of the Non-Public
Warrants, their affiliates or their Permitted Transferees, by surrendering such Non-Public Warrants for that number of shares
of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying
the Warrants, multiplied by the difference between the exercise price of the Warrants and the “Fair Market Value”
by (y) the Fair Market Value; provided, however, that no cashless exercise shall be permitted unless the Fair Market Value is
equal to or higher than the exercise price. Solely for purposes of this Section 3.3.1(c), the “Fair Market
Value” shall mean the average reported last sale price of the shares of Common Stock for the ten (10) trading days
ending on the third trading day prior to the date of exercise; or

 

(d)  
in the event the registration statement required by Section 7.4 hereof is not effective and current within sixty (60) days
after the closing of a Business Combination, by surrendering such Warrants for that number of shares of Common Stock equal to
the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied
by the difference between the exercise price of the Warrants and the “Fair Market Value” by (y) the Fair Market Value;
provided, however, that no cashless exercise shall be permitted unless the Fair Market Value is equal to or higher than the exercise
price. Solely for purposes of this Section 3.3.1(d), the “Fair Market Value” shall mean the average
reported last sale price of the shares of Common Stock for the ten (10) trading days ending on the day prior to the date of exercise.

 

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3.3.2
Issuance of Certificates. As soon as practicable after the exercise of any Warrant and the clearance of the funds in payment
of the Warrant Price (if any), the Company shall issue to the registered holder of such Warrant a certificate or certificates
for the number of shares of Common Stock to which he is entitled, registered in such name or names as may be directed by him,
her or it, and if such Warrant shall not have been exercised in full, a new countersigned Warrant for the number of shares as
to which such Warrant shall not have been exercised. Notwithstanding the foregoing, in no event will the Company be required to
net cash settle the Warrant exercise. No Warrant shall be exercisable and the Company shall not be obligated to issue shares of
Common Stock upon exercise of a Warrant unless the shares of Common Stock issuable upon such Warrant exercise has been registered,
qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the Warrants.
In the event that the condition in the immediately preceding sentence is not satisfied with respect to a Warrant, the holder of
such Warrant shall not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless. Warrants
may not be exercised by, or securities issued to, any registered holder in any state in which such exercise would be unlawful.

 

3.3.3
Valid Issuance. All shares of Common Stock issued upon the proper exercise of a Warrant in conformity with this Agreement
shall be validly issued, fully paid and nonassessable.

 

3.3.4
Date of Issuance. Each person in whose name any such certificate for shares of Common Stock is issued shall for all purposes
be deemed to have become the holder of record of such shares on the date on which the Warrant was surrendered and payment of the
Warrant Price was made, irrespective of the date of delivery of such certificate, except that, if the date of such surrender and
payment is a date when the share transfer books of the Company are closed, such person shall be deemed to have become the holder
of such shares at the close of business on the next succeeding date on which the share transfer books are open.

 

3.3.5
Maximum Percentage. A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the
provisions contained in this subsection 3.3.5; however, no holder of a Warrant shall be subject to this subsection 3.3.5
unless he, she or it makes such election. If the election is made by a holder, the Warrant Agent shall not effect the exercise
of the holder’s Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving
effect to such exercise, such person (together with such person’s affiliates), to the Warrant Agent’s actual knowledge,
would beneficially own in excess of 4.9% or 9.8% (as specified by the Holder) (the “Maximum Percentage”)
of the shares of Common Stock outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence,
the aggregate number of shares of Common Stock beneficially owned by such person and its affiliates shall include the number of
shares of Common Stock issuable upon exercise of the Warrant with respect to which the determination of such sentence is being
made, but shall exclude shares of Common Stock that would be issuable upon (x) exercise of the remaining, unexercised portion
of the Warrant beneficially owned by such person and its affiliates and (y) exercise or conversion of the unexercised or unconverted
portion of any other securities of the Company beneficially owned by such person and its affiliates (including, without limitation,
any convertible notes or convertible preferred stock or warrants) subject to a limitation on conversion or exercise analogous
to the limitation contained herein. Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial
ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”). For purposes of the Warrant, in determining the number of outstanding shares of Common Stock, the holder
may rely on the number of outstanding shares of Common Stock as reflected in (1) the Company’s most recent annual report
on Form 10-K, quarterly report on Form 10-Q, current report on Form 8-K or other public filing with the Securities and Exchange
Commission as the case may be, (2) a more recent public announcement by the Company or (3) any other notice by the Company or
Continental Stock Transfer & Trust Company setting forth the number of shares of Common Stock outstanding. For any reason
at any time, upon the written request of the holder of the Warrant, the Company shall, within two (2) Business Days, confirm orally
and in writing to such holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares
of Common Stock shall be determined after giving effect to the conversion or exercise of equity securities of the Company by the
holder and its affiliates since the date as of which such number of outstanding Common Stock was reported. By written notice to
the Company, the holder of a Warrant may from time to time increase or decrease the Maximum Percentage applicable to such holder
to any other percentage specified in such notice; provided, however, that any such increase shall not be effective until the sixty-first
(61st) day after such notice is delivered to the Company.

 

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4.
Adjustments.

 

4.1
Share Dividends - Split Ups. If after the date hereof, the number of outstanding shares of Common Stock is increased by
a share dividend payable in shares of Common Stock, or by a split up of Common Stock, or other similar event, then, on the effective
date of such share dividend, split up or similar event, the number of shares of Common Stock issuable on exercise of each Warrant
shall be increased in proportion to such increase in outstanding shares of Common Stock.

 

4.2
Aggregation of Shares. If after the date hereof, the number of outstanding shares of Common Stock is decreased by a consolidation,
combination, reverse share split or reclassification of Common Stock or other similar event, then, on the effective date of such
consolidation, combination, reverse share split, reclassification or similar event, the number of shares of Common Stock issuable
on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

 

4.3
Extraordinary Dividends. If the Company, at any time while the Warrants are outstanding and unexpired, shall pay a cash
dividend or make a distribution in cash, securities or other assets to the holders of the shares of Common Stock or other shares
of the Company’s capital stock into which the Warrants are convertible (an “Extraordinary Dividend”),
then the Warrant Price shall be decreased, effective immediately after the effective date of such Extraordinary Dividend, by the
amount of cash and the fair market value (as determined by the Company’s Board of Directors, in good faith) of any securities
or other assets paid on each share of Common Stock in respect of such Extraordinary Dividend; provided, however, that none of
the following shall be deemed an Extraordinary Dividend for purposes of this provision: (a) any adjustment described in subsection
4.1 above or (b) any cash dividends or cash distributions which, when combined on a per share basis with all other cash dividends
and cash distributions paid on the shares of Common Stock during the 365-day period ending on the date of declaration of such
dividend or distribution does not exceed $0.50 (as adjusted to appropriately reflect any of the events referred to in other subsections
of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price
or to the number of shares of Common Stock issuable on exercise of each Warrant) but only with respect to the amount of the aggregate
cash dividends or cash distributions equal to or less than $0.50. Solely for purposes of illustration, if the Company, at a time
while the Warrants are outstanding and unexpired, pays a cash dividend of $0.35 and previously paid an aggregate of $0.40 of cash
dividends and cash distributions on the Common Stock during the 365-day period ending on the date of declaration of such $0.35
dividend, then the Warrant Price will be decreased, effectively immediately after the effective date of such $0.35 dividend, by
$0.25 (the absolute value of the difference between $0.75 (the aggregate amount of all cash dividends and cash distributions paid
or made in such 365-day period, including such $0.35 dividend) and $0.50 (the greater of (x) $0.50 and (y) the aggregate amount
of all cash dividends and cash distributions paid or made in such 365-day period prior to such $0.35 dividend)).

 

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4.4
Adjustments in Exercise Price. Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants
is adjusted, as provided in Sections 4.1 and 4.2 above, the Warrant Price shall be adjusted (to the nearest cent)
by multiplying such Warrant Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number
of shares of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator
of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

 

4.5
Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding
shares of Common Stock (other than a change covered by Section 4.1, 4.2 or 4.3 hereof or that solely affects
the par value of the shares of Common Stock), or in the case of any merger or consolidation of the Company with or into another
corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result
in any reclassification or reorganization of the outstanding shares of Common Stock), or in the case of any sale or conveyance
to another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety
in connection with which the Company is dissolved, the Warrant holders shall thereafter have the right to purchase and receive,
upon the basis and upon the terms and conditions specified in the Warrants and in lieu of the shares of Common Stock of the Company
immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of
shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger
or consolidation, or upon a dissolution following any such sale or transfer, that the Warrant holder would have received if such
Warrant holder had exercised his, her or its Warrant(s) immediately prior to such event; and if any reclassification also results
in a change in the shares of Common Stock covered by Section 4.1, 4.2 or 4.3, then such adjustment shall
be made pursuant to Sections 4.1, 4.2, 4.3, 4.4 and this Section 4.5. The provisions of this
Section 4.5 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or
other transfers.

 

4.6
Notices of Changes in Warrant. Upon every adjustment of the Warrant Price or the number of shares issuable upon exercise
of a Warrant, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting
from such adjustment and the increase or decrease, if any, in the number of shares purchasable at such price upon the exercise
of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based.
Upon the occurrence of any event specified in Sections 4.1, 4.2, 4.3, 4.4 or 4.5, then, in
any such event, the Company shall give written notice to each Warrant holder, at the last address set forth for such holder in
the Warrant Register, of the record date or the effective date of the event. Failure to give such notice, or any defect therein,
shall not affect the legality or validity of such event.

 

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4.7
No Fractional Warrants or Shares. No fractional Warrants will be issued hereunder. Additionally, notwithstanding any provision
contained in this Warrant Agreement to the contrary, the Company shall not issue fractional shares upon exercise of Warrants.
If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the
exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round up to the
nearest whole number of shares of Common Stock to be issued to the Warrant holder.

 

4.8
Form of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this Section 4, and
Warrants issued after such adjustment may state the same Warrant Price and the same number of shares as is stated in the Warrants
initially issued pursuant to this Agreement. However, the Company may at any time in its sole discretion make any change in the
form of Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter
issued or countersigned, whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so
changed.

 

4.9
Other Events. In case any event shall occur affecting the Company as to which none of the provisions of preceding subsections
of this Section 4 are strictly applicable, but which would require an adjustment to the terms of the Warrants in order
to (i) avoid an adverse impact on the Warrants and (ii) effectuate the intent and purpose of this Section 4, then, in each
such case, the Company shall appoint a firm of independent public accountants, investment banking or other appraisal firm of recognized
national standing, which shall give its opinion as to whether or not any adjustment to the rights represented by the Warrants
is necessary to effectuate the intent and purpose of this Section 4 and, if they determine that an adjustment is necessary,
the terms of such adjustment. The Company shall adjust the terms of the Warrants in a manner that is consistent with any adjustment
recommended in such opinion.

 

5.
Transfer and Exchange of Warrants.

 

5.1
Registration of Transfer. The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant
upon the Warrant Register, upon surrender of such Warrant for transfer, properly endorsed with signatures properly guaranteed
and accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant representing an equal aggregate
number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. The Warrants so cancelled shall
be delivered by the Warrant Agent to the Company from time to time upon request.

 

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5.2
Procedure for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, together with a written request
for exchange or transfer, and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested
by the registered holder of the Warrants so surrendered, representing an equal aggregate number of Warrants; provided, however,
that in the event that a Warrant surrendered for transfer bears a restrictive legend, the Warrant Agent shall not cancel such
Warrant and issue new Warrants in exchange therefor until the Warrant Agent has received an opinion of counsel for the Company
stating that such transfer may be made and indicating whether the new Warrants must also bear a restrictive legend.

 

5.3
Fractional Warrants. The Warrant Agent shall not be required to effect any registration of transfer or exchange which will
result in the issuance of a warrant certificate for a fraction of a warrant.

 

5.4
Service Charges. No service charge shall be made for any exchange or registration of transfer of Warrants.

 

5.5
Warrant Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver, in accordance
with the terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and
the Company, whenever required by the Warrant Agent, will supply the Warrant Agent with Warrants duly executed on behalf of the
Company for such purpose.

 

5.6
Non-Public Warrants. The Warrant Agent shall not register any transfer of Non-Public Warrants until the date that is 30
days after the date hereof, except for transfers (i) to the Company’s sponsors, officers, directors, employees, consultants
or their affiliates, (ii) to a holder’s officers, directors, employees or members upon the holder’s liquidation, in
each case if the holder is an entity, (iii) by bona fide gift to a member of the holder’s immediate family or to a trust,
the beneficiary of which is the holder or a member of the holder’s immediate family for estate planning purposes, (iv) by
virtue of the laws of descent and distribution upon death, (v) pursuant to a qualified domestic relations order (any person receiving
Non-Public Warrants pursuant to the foregoing clauses (i) through (v), a “Permitted Transferee”), in
each case on the condition that prior to such registration for transfer, the Warrant Agent shall be presented with written documentation
pursuant to which each Permitted Transferee or the trustee or legal guardian for such Permitted Transferee agrees to be bound
by the terms of this Agreement.

 

6.
Redemption.

 

6.1
Redemption. Subject to Section 6.4 hereof, not less than all of the outstanding Warrants may be redeemed, at the
option of the Company, at any time while they are exercisable and prior to their expiration (so long as there is a current registration
statement in effect with respect to the shares of Common Stock underlying the Warrants), at the office of the Warrant Agent, upon
the notice referred to in Section 6.2, at the price of $0.01 per Warrant (“Redemption Price”),
provided that the last sales price of the shares of Common Stock equals or exceeds $18.00 per share (subject to adjustment in
accordance with Section 4 hereof), on each of twenty (20) trading days within any thirty (30) trading day period ending
on the third business day prior to the date on which notice of redemption is given.

 

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6.2
Date Fixed for, and Notice of, Redemption. In the event the Company shall elect to redeem all of the Warrants, the Company
shall fix a date for the redemption (the “Redemption Date”). Notice of redemption shall be mailed by
first class mail, postage prepaid, by the Company not less than 30 days prior to the Redemption Date to the registered holders
of the Warrants to be redeemed at their last addresses as they shall appear on the registration books. Any notice mailed in the
manner herein provided shall be conclusively presumed to have been duly given whether or not the registered holder received such
notice.

 

6.3
Exercise After Notice of Redemption. The Warrants may be exercised, for cash (or on a “cashless basis” in accordance
with Section 3 of this Agreement) at any time after notice of redemption shall have been given by the Company pursuant
to Section 6.2 hereof and prior to the Redemption Date. In the event the Company determines to require all holders of Warrants
to exercise their Warrants on a “cashless basis” pursuant to Section 3.3.1(b), the notice of redemption will
contain the information necessary to calculate the number of shares of Common Stock to be received upon exercise of the Warrants,
including the “Fair Market Value” in such case. On and after the Redemption Date, the record holder of the Warrants
shall have no further rights except to receive, upon surrender of the Warrants, the Redemption Price.

 

6.4
Exclusion of Non-Public Warrants. The Company agrees that the redemption rights provided in this Section 6 shall
not apply to the Non-Public Warrants if at the time of the redemption such Non-Public Warrants continue to be held by the holders
as of the date hereof or their affiliates or Permitted Transferees. However, once such Non-Public Warrants are transferred (other
than to an affiliate or Permitted Transferee), the Company may redeem the Non-Public Warrants in the same manner as all other
Warrants.

 

7.
Other Provisions Relating to Rights of Holders of Warrants.

 

7.1
No Rights as Shareholder. A Warrant does not entitle the registered holder thereof to any of the rights of a shareholder
of the Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive
rights to vote or to consent or to receive notice as shareholders in respect of the meetings of shareholders or the election of
directors of the Company or any other matter.

 

7.2
Lost, Stolen, Mutilated, or Destroyed Warrants. If any Warrant is lost, stolen, mutilated, or destroyed, the Company and
the Warrant Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case
of a mutilated Warrant, include the surrender thereof), issue a new Warrant of like denomination, tenor, and date as the Warrant
so lost, stolen, mutilated, or destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the Company,
whether or not the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at any time enforceable by anyone.

 

7.3
Reservation of Common Stock. The Company shall at all times reserve and keep available a number of its authorized but unissued
shares of Common Stock that will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this
Agreement.

 

    10

     

    

 

7.4
Registration of Common Stock. The Company agrees that as soon as practicable, but in no event later than fifteen (15) Business
Days after the date hereof, it shall use its best efforts to file with the Securities and Exchange Commission a registration statement
for the registration, under the Act, of the shares of Common Stock issuable upon exercise of the Warrants, and it shall use its
best efforts to take such action as is necessary to register or qualify for sale, in those states in which the Warrants were initially
offered by the Company, the shares of Common Stock issuable upon exercise of the Warrants, to the extent an exemption is not available.
The Company will use its best efforts to cause the same to become effective and to maintain the effectiveness of such registration
statement until the expiration of the Warrants in accordance with the provisions of this Agreement. In addition, the Company agrees
to use its best efforts to register such securities under the blue sky laws of the states of residence of the exercising warrant
holders to the extent an exemption is not available. If any such registration statement has not been declared effective by the
60th day following the closing of the Business Combination, holders of the Warrants shall have the right, during the period beginning
on the 61st day after the closing of the Business Combination and ending upon such registration statement being declared effective
by the Securities and Exchange Commission, and during any other period when the Company shall fail to have maintained an effective
registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, to exercise such Warrants on
a “cashless basis” as determined in accordance with Section 3.3.1(d). The Company shall provide the Warrant
Agent with an opinion of counsel for the Company (which shall be an outside law firm with securities law experience) stating that
(i) the exercise of the Warrants on a cashless basis in accordance with this Section 7.4 is not required to be registered
under the Act and (ii) the shares of Common Stock issued upon such exercise will be freely tradable under U.S. federal securities
laws by anyone who is not an affiliate (as such term is defined in Rule 144 under the Act) of the Company and, accordingly, will
not be required to bear a restrictive legend. For the avoidance of any doubt, unless and until all of the Warrants have been exercised
on a cashless basis, the Company shall continue to be obligated to comply with its registration obligations under the first three
sentences of this Section 7.4.

 

8.
Concerning the Warrant Agent and Other Matters.

 

8.1
Payment of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company
or the Warrant Agent in respect of the issuance or delivery of shares of Common Stock upon the exercise of Warrants, but the Company
shall not be obligated to pay any transfer taxes in respect of the Warrants or such shares.

 

8.2
Resignation, Consolidation, or Merger of Warrant Agent.

 

8.2.1
Appointment of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties
and be discharged from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the
Company. If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall
appoint in writing a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment
within a period of 30 days after it has been notified in writing of such resignation or incapacity by the Warrant Agent or by
the holder of the Warrant (who shall, with such notice, submit his Warrant for inspection by the Company), then the holder of
any Warrant may apply to the Supreme Court of the State of New York for the County of New York for the appointment of a successor
Warrant Agent at the Company’s cost. Any successor Warrant Agent, whether appointed by the Company or by such court, shall
be a corporation organized and existing under the laws of the State of New York, in good standing and having its principal office
in the Borough of Manhattan, City and State of New York, and authorized under such laws to exercise corporate trust powers and
subject to supervision or examination by federal or state authority. After appointment, any successor Warrant Agent shall be vested
with all the authority, powers, rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect
as if originally named as Warrant Agent hereunder, without any further act or deed; but if for any reason it becomes necessary
or appropriate, the predecessor Warrant Agent shall execute and deliver, at the expense of the Company, an instrument transferring
to such successor Warrant Agent all the authority, powers, and rights of such predecessor Warrant Agent hereunder; and upon request
of any successor Warrant Agent the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for
more fully and effectually vesting in and confirming to such successor Warrant Agent all such authority, powers, rights, immunities,
duties, and obligations.

 

    11

     

    

 

8.2.2
Notice of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give notice
thereof to the predecessor Warrant Agent and the transfer agent for the shares of Common Stock not later than the effective date
of any such appointment.

 

8.2.3
Merger or Consolidation of Warrant Agent. Any corporation into which the Warrant Agent may be merged or with which it may
be consolidated or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party shall
be the successor Warrant Agent under this Agreement without any further act.

 

8.3
Fees and Expenses of Warrant Agent.

 

8.3.1
Remuneration. The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent
hereunder and will reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in
the execution of its duties hereunder.

 

8.3.2
Further Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed,
acknowledged, and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the
Warrant Agent for the carrying out or performing of the provisions of this Agreement.

 

8.4
Liability of Warrant Agent.

 

8.4.1
Reliance on Company Statement. Whenever in the performance of its duties under this Warrant Agreement, the Warrant Agent
shall deem it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering
any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be
deemed to be conclusively proved and established by a statement signed by the Chief Executive Officer or Chairman of the Board
of Directors of the Company and delivered to the Warrant Agent. The Warrant Agent may rely upon such statement for any action
taken or suffered in good faith by it pursuant to the provisions of this Agreement.

 

8.4.2
Indemnity. The Warrant Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith.
The Company agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgments, costs
and reasonable counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement except as a
result of the Warrant Agent’s gross negligence, willful misconduct, or bad faith.

 

    12

     

    

 

8.4.3
Exclusions. The Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with respect
to the validity or execution of any Warrant (except its countersignature thereof); nor shall it be responsible for any breach
by the Company of any covenant or condition contained in this Agreement or in any Warrant; nor shall it be responsible to make
any adjustments required under the provisions of Section 4 hereof or responsible for the manner, method, or amount of any
such adjustment or the ascertaining of the existence of facts that would require any such adjustment; nor shall it by any act
hereunder be deemed to make any representation or warranty as to the authorization or reservation of any shares of Common Stock
to be issued pursuant to this Agreement or any Warrant or as to whether any shares of Common Stock will, when issued, be valid
and fully paid and nonassessable.

 

8.5
Acceptance of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the
same upon the terms and conditions herein set forth and among other things, shall account promptly to the Company with respect
to Warrants exercised and concurrently account for, and pay to the Company, all monies received by the Warrant Agent for the purchase
of shares of Common Stock through the exercise of Warrants.

 

9.
Miscellaneous Provisions.

 

9.1
Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent
shall bind and inure to the benefit of their respective successors and assigns.

 

9.2
Notices. Any notice, statement or demand authorized by this Warrant Agreement to be given or made by the Warrant Agent
or by the holder of any Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery
or if sent by certified mail or private courier service within five days after deposit of such notice, postage prepaid, addressed
(until another address is filed in writing by the Company with the Warrant Agent), as follows:

 

Nesco
Holdings, Inc.

6714 Pointe Inverness Way, Suite 220

Fort Wayne, Indiana 45894

Attn: Lee Jacobson, Chief Executive Officer

 

Any
notice, statement or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to
or on the Warrant Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified
mail or private courier service within five days after deposit of such notice, postage prepaid, addressed (until another address
is filed in writing by the Warrant Agent with the Company), as follows:

 

Continental
Stock Transfer & Trust Company

One State Street, 30th Floor

New York, New York 10004

Attn: Compliance Department

 

    13

     

    

 

with
a copy in each case to:

 

[●]

 

9.3
Applicable Law. The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in
all respects by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the
application of the substantive laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against
it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York
or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which
jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent
an inconvenient forum. Any such process or summons to be served upon the Company may be served by transmitting a copy thereof
by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section
9.2 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding
or claim.

 

9.4
Persons Having Rights under this Agreement. Nothing in this Agreement expressed and nothing that may be implied from any
of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than
the parties hereto and the registered holders of the Warrants any right, remedy, or claim under or by reason of this Warrant Agreement
or of any covenant, condition, stipulation, promise, or agreement hereof. All covenants, conditions, stipulations, promises, and
agreements contained in this Warrant Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors
and assigns and of the registered holders of the Warrants.

 

9.5
Examination of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office
of the Warrant Agent in the Borough of Manhattan, City and State of New York, for inspection by the registered holder of any Warrant.
The Warrant Agent may require any such holder to submit his Warrant for inspection by it.

 

9.6
Counterparts. This Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts
shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

9.7
Effect of Headings. The Section headings herein are for convenience only and are not part of this Warrant Agreement and
shall not affect the interpretation thereof.

 

9.8
Amendments. This Agreement may be amended by the parties hereto without the consent of any registered holder for the purpose
of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained herein or adding or changing
any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable
and that the parties deem shall not adversely affect the interest of the registered holders. All other modifications or amendments,
including any amendment to increase the Warrant Price or shorten the Exercise Period, shall require the written consent or vote
of the registered holders of a majority of the then outstanding Warrants (excluding the holders of the Non-Public Warrants). Notwithstanding
the foregoing, the Company may lower the Warrant Price or extend the duration of the Exercise Period pursuant to Sections 3.1
and 3.2, respectively, without the consent of the registered holders.

 

    14

     

    

 

9.9
Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision
hereof shall not affect the validity or enforceability of this Warrant Agreement or of any other term or provision hereof. Furthermore,
in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part
of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and
enforceable.

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written.

 

	 	NESCO HOLDINGS, INC.
	 	 	 
	 	By:	                         
	 	Name:	 
	 	Title:	 
	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

 

15EX-10.1

 Exhibit 10.1 
  

 
 TEXAS ASSOCIATION OF REALTORS® COMMERCIAL CONTRACT—IMPROVED PROPERTY USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE
TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED. ©Texas Association of REALTORS®, Inc. 2016 1. PARTIES: Seller agrees to sell and convey to Buyer the Property described in Paragraph 2. Buyer agrees to buy the Property from Seller for
the sales price stated in Paragraph 3. The parties to this contract are: Seller: GTC, Inc., a Texas corporation Address: 7007 Pinemont Dr., Houston, TX 77040-6601 Phone:
713-986-8674 E-mail: Fax: 713-986-4445 Other:
Buyer: Harmony Public Schools, a Texas non-profit corporation Address: 9321 W. Sam Houston Pkwy South, Houston, TX 77099 Phone:
713-343-3333 E-mail: Fax: Other: 2. PROPERTY: A. “Property” means that real property situated in Harris County, Texas
at 7334-7340 Gessner Road, Houston, TX 77040 (address) and that is legally described on the attached Exhibit _b or as follows: B. Seller will sell and convey the Property together with: (1) all buildings, improvements, and fixtures;
(2) all rights, privileges, and appurtenances pertaining to the Property, including Seller’s right, title, and interest in any minerals, utilities, adjacent streets, alleys, strips, gores, and rights-of-way; (3) Seller’s interest in all leases, rents, and security deposits for all or part of the Property; (4) Seller’s interest in all licenses and permits related to the Property;
(5) Seller’s interest in all third party warranties or guaranties, if transferable, relating to the Property or any fixtures; (6) Seller’s interest in any trade names, if transferable, used in connection with the Property; and
(7) all Seller’s tangible personal property located on the Property that is used in connection with the Property’s operations except: . Any personal property not included in the sale must be removed by Seller prior to closing.
(Describe any exceptions, reservations, or restrictions in Paragraph 12 or an addendum.) (If mineral rights are to be reserved an appropriate addendum should be attached.) (If the Property is a condominium, attach Commercial Contract Condominium
Addendum (TAR-1930).) 3. SALES PRICE: At or before closing, Buyer will pay the following sales price for the Property: A. Cash portion payable by Buyer at closing $ B. Sum of all financing described in
Paragraph 4 $ 8,600,000.00 C. Sales price (sum of 3A and 3B) $ 8,600,000.00 Phone: Fax: Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com 

 

 
 7334-7340 Gessner Road, Houston, TX 77040 Commercial Contract—Improved Property concerning 4. FINANCING: Buyer will finance the
portion of the sales price under Paragraph 3B as follows: Third Party Financing: One or more third party loans in the total amount of $ 8,600,000.00 . This contract: (1) is not contingent upon Buyer obtaining third party financing. (2) is
contingent upon Buyer obtaining third party financing in accordance with the attached Commercial Contract Financing Addendum (TAR-1931). | | B. Assumption: In accordance with the attached Commercial Contract
Financing Addendum (TAR-1931), Buyer will assume the existing promissory note secured by the Property, which balance at closing will be $ . | | C. Seller Financing: The delivery of a promissory note and deed
of trust from Buyer to Seller under the terms of the attached Commercial Contract Financing Addendum (TAR-1931) in the amount of $ . 5. EARNEST MONEY:5 business A. Not later than 3 days after the effective
date, Buyer must deposit $ 350,000 with    Stewart Title Guaranty Company (address) Crystal Murad as earnest money (title company) at 1360 Post oak Bivd., ioth floor, Houston, tx 77056 (address) Crystal Murad (closer). If Buyer
fails to timely deposit the earnest money, Seller may terminate this contract or exercise any of Seller’s other remedies under Paragraph 15 by providing written notice to Buyer before Buyer deposits the earnest money. B. Buyer will deposit an
additional amount of $ N/A with the title company to be made part of the earnest money on or before: (i) days after Buyer’s right to terminate under Paragraph 7B expires; or (ii) — Buyer will be in default if Buyer fails to deposit
the additional amount required by this Paragraph 5B within 3 days after Seller notifies Buyer that Buyer has not timely deposited the additional amount. C. Buyer may instruct the title company to deposit the earnest money in an interest-bearing
account at a federally insured financial institution and to credit any interest to Buyer. 6. TITLE POLICY, SURVEY, AND UCC SEARCH: A. Title Policy: (1) Seller, at Seller’s expense, will furnish Buyer an Owner’s Policy of Title
Insurance (the title policy) issued by any underwriter of the title company in the amount of the sales price, dated at or after closing, insuring Buyer against loss under the title policy, subject only to: (a) those title exceptions permitted
by this contract or as may be approved by Buyer in writing; and (b) the standard printed exceptions contained in the promulgated form of title policy unless this contract provides otherwise. (2) The standard printed exception as to
discrepancies, conflicts, or shortages in area and boundary lines, or any encroachments or protrusions, or any overlapping improvements: (a) will not be amended or deleted from the title policy. J (b) will be amended to read
“shortages in areas” at the expense of |^jBuyer | |3eller. Within 20 days after the effective date, Seller will furnish Buyer a commitment for title insurance (the commitment) including legible copies of recorded documents evidencing
title exceptions. Seller authorizes the title company to deliver the commitment and related documents to Buyer at Buyer’s address. 

 

 
 Commercial Contract - Improved Property concerning 7334-7340 Gessner Road, Houston, TX 77040 (3) B. Survey: Within 20 days after the
effective date: (1) Buyer will obtain a survey of the Property at Buyer’s expense and deliver a copy of the survey to Seller. The survey must be made in accordance with the: (i) ALTA/ACSM Land Title Survey standards, or
(ii) Texas Society of Professional Surveyors’ standards for a Category 1A survey under the appropriate condition. Seller will reimburse Buyer (insert amount) of the cost of the survey at closing, if closing occurs. â–¡ (2)
Seller, at Seller’s expense, will furnish Buyer a survey of the Property dated after the effective date. The survey must be made in accordance with the: (i) ALTA/ACSM Land Title Survey standards, or (ii) Texas Society of Professional
Surveyors’ standards for a Category 1A survey under the appropriate condition. â–¡ (3) Seller will deliver to Buyer and the title company a true and correct copy of Seller’s most recent survey of the Property along with an
affidavit required by the title company for approval of the existing survey. If the existing survey is not acceptable to the title company, Seller, at Seller’s expense, will obtain a new or updated survey acceptable to the title company and
deliver the acceptable survey to Buyer and the title company within 20 days after Seller receives notice that the existing survey is not acceptable to the title company. The closing date will be extended daily up to 20 days if necessary for Seller
to deliver an acceptable survey within the time required. Buyer will reimburse Seller (insert amount) of the cost of the new or updated survey at closing, if closing occurs. C. UCC Search: â–¡ (1) Wthin days after the effective date,
Seller, at Seller’s expense, will furnish Buyer a Uniform Commercial Code (UCC) search prepared by a reporting service and dated after the effective date. The search must identify documents that are on file with the Texas Secretary of State and
the county where the Property is located that relate to all personal property on the Property and show, as debtor, Seller and all other owners of the personal property in the last 5 years. (2) Buyer does not require Seller to furnish a UCC
search. D. Buyer’s Objections to the Commitment. Survey, and UCC Search: (1) Wthin 15 days after Buyer receives the commitment, copies of the documents evidencing the title exceptions, any required survey, and any required UCC search,
Buyer may object to matters disclosed in the items if: (a) the matters disclosed are a restriction upon the Property or constitute a defect or encumbrance to title to the real or personal property described in Paragraph 2 other than those
permitted by this contract or liens that Seller will satisfy at closing or Buyer will assume at closing; or (b) the items show that any part of the Property lies in a special flood hazard area (an “A” or “V” zone as defined
by FEMA). If Paragraph 6B(1) applies, Buyer is deemed to receive the survey on the earlier of: (i) the date Buyer actually receives the survey; or (ii) the deadline specified in Paragraph 6B. (2) Seller may, but is not obligated to,
cure Buyer’s timely objections within 15 days after Seller receives the objections. The closing date will be extended as necessary to provide such time to cure the objections. If Seller fails to cure the objections by the time required, Buyer
may terminate this contract by providing written notice to Seller within 5 days after the time by which Seller must cure the objections. If Buyer terminates, the earnest money, less any independent consideration under Paragraph 7B(1), will be
refunded to Buyer. (3) Buyer’s failure to timely object or terminate under this Paragraph 6D is a waiver of Buyer’s right to object except that Buyer will not waive the requirements in Schedule C of the commitment. 

 

 
 Commercial Contract - Improved Property concerning 7334-7340 Gessner Road, Houston, TX 77040 7. PROPERTY CONDITION: A. Present
Condition: Buyer accepts the Property in its present condition except that Seller, at Seller’s expense, will complete the following before closing: N/A B. Feasibility Period: Buyer may terminate this contract for any reason within 45 days after
the effective date (feasibility period) by providing Seller written notice of termination. (Check only one box.) (1) If Buyer terminates under this Paragraph 7B, the earnest money will be refunded to Buyer less $ 100.00 that Seller will retain as
independent consideration for Buyer’s unrestricted right to terminate. Buyer has tendered the independent consideration to Seller upon payment of the amount specified in Paragraph 5A to the title company. The independent consideration is to be
credited to the sales price only upon closing of the sale. If no dollar amount is stated in this Paragraph 7B(1) or if Buyer fails to deposit the earnest money. Buyer will not have the right to terminate under this Paragraph 7B. â–¡
(2) Not later than 3 days after the effective date, Buyer must pay Seller $ as independent consideration for Buyer’s right to terminate by tendering such amount to Seller or Seller’s agent. If Buyer terminates under this Paragraph 7B, the
earnest money will be refunded to Buyer and Seller will retain the independent consideration. The independent consideration will be credited to the sales price only upon closing of the sale. If no dollar amount is stated in this Paragraph 7B(2) or
if Buyer fails to pay the independent consideration. Buyer will not have the right to terminate under this Paragraph 7B. C. Inspections. Studies, or Assessments: (1) During the feasibility period, Buyer, at Buyer’s expense, may complete or
cause to be completed any and all inspections, studies, or assessments of the Property (including all improvements and fixtures) desired by Buyer. (2) Seller, at Seller’s expense, will turn on all utilities necessary for Buyer to make
inspections, studies, or assessments. (3) Buyer must: (a) employ only trained and qualified inspectors and assessors; (b) notify Seller, in advance, of when the inspectors or assessors will be on the Property; (c) abide by any
reasonable entry rules or requirements of Seller; (d) not interfere with existing operations or occupants of the Property; and (e) restore the Property to its original condition if altered due to inspections, studies, or assessments that
Buyer completes or causes to be completed. (4) Except for those matters that arise from the negligence of Seller or Seller’s agents, Buyer is responsible for any claim, liability, encumbrance, cause of action, and expense resulting from
Buyer’s inspections, studies, or assessments, including any property damage or personal injury. Buyer will indemnify, hold harmless, and defend Seller and Seller’s agents against any claim involving a matter for which Buyer is responsible
under this paragraph. This paragraph survives termination of this contract. D. Property Information: (1) Delivery of Property Information: Within days after the effective date, Seller will deliver to Buyer: (Check all that apply.) 

 

 
 Commercial Contract - Improved Property concerning 7334-7340 Gessner Road, Houston, TX 77040     (a) a current rent
roll of all leases affecting the Property certified by Seller as true and correct; (b) copies of all current leases pertaining to the Property, including any modifications, supplements, — or amendments to the leases; | | (c) a current
inventory of all personal property to be conveyed under this contract and copies of I—| any leases for such personal property; | | (d) copies of all notes and deeds of trust against the Property that Buyer will assume or that Seller will not
pay in full on or before closing; â–¡ (e) copies of all current service, maintenance, and management agreements relating to the ownership and operation of the Property; (f) copies of current utility capacity letters from the
Property’s water and sewer service provider; (g) copies of all current warranties and guaranties relating to all or part of the Property; (h) copies of fire, hazard, liability, and other insurance policies that currently relate to the
Property; (i) copies of all leasing or commission agreements that currently relate to the tenants of all or part B of the Property; (j) a copy of the “as-built” plans and specifications and
plat of the Property; (k) copies of all invoices for utilities and repairs incurred by Seller for the Property in the 24 months immediately preceding the effective date; | | (I) a copy of Seller’s income and expense statement for the
Property from I—I t0 ‘ | | (m) copies of all previous environmental assessments, geotechnical reports, studies, or analyses made on or relating to the Property; I I (n) real & personal property tax statements for the Property
for the previous 2 calendar years; and I (o) Tenant reconciliation statements including, operating expenses, insurance and taxes for the =j Property from to ; and (P) (2) Return of Property Information: If this contract terminates for any
reason, Buyer will, not later than 10 days after the termination date: (Check all that apply.) (a) return to Seller all those items described in Paragraph 7D(1) that Seller delivered to Buyer in other than an electronic format and all copies that
Buyer made of those items; (b) delete or destroy all electronic versions of those items described in Paragraph 7D(1) that Seller delivered to Buyer or Buyer copied; and J (c) deliver copies of all inspection and assessment reports related
to the Property that Buyer completed or caused to be completed. This Paragraph 7D(2) survives termination of this contract. E. Contracts Affecting Operations: Until closing, Seller: (1) will operate the Property in the same manner as on the
effective date under reasonably prudent business standards; and (2) will not transfer or dispose of any part of the Property, any interest or right in the Property, or any of the personal property or other items described in Paragraph 2B or
sold under this contract. After the feasibility period ends, Seller may not enter into, amend, or terminate any other contract that affects the operations of the Property without Buyer’s written approval. 8. LEASES: A. Each written lease Seller
is to assign to Buyer under this contract must be in full force and effect according to its terms. Seller may not enter into any new lease, fail to comply with any existing lease, or make any amendment or modification to any existing lease without
Buyers written consent. Seller must disclose, in writing, if any of the following exist at the time Seller provides the leases to the Buyer or subsequently occur before closing: (1) any failure by Seller to comply with Seller’s obligations
under the leases; (2) any circumstances under any lease that entitle the tenant to terminate the lease or seek any offsets or damages; (TAR-1 S01) 1-1-16 

 

 
 7334-7340 Gessner Road, Houston, TX 77040 Commercial Contract—Improved Property concerning      (3) any non-occupancy of the leased premises by a tenant; (4) any advance sums paid by a tenant under any lease; (5) any concessions, bonuses, free rents, rebates, brokerage commissions, or other matters that
affect any lease; and (6) any amounts payable under the leases that have been assigned or encumbered, except as security for loan(s) assumed or taken subject to under this contract. B. Estoppel Certificates: Within N/A days after the effective
date, Seller will deliver to Buyer estoppel certificates signed not earlier than N/A by each tenant that leases space in the Property. The estoppel certificates must include the certifications contained in the current version of TAR Form
1938—Commercial Tenant Estoppel Certificate and any additional information requested by a third party lender providing financing under Paragraph 4 if the third party lender requests such additional information at least 10 days prior to the
earliest date that Seller may deliver the signed estoppel certificates. 9. BROKERS: A. The brokers to this sale are: Principal Broker: Caldwell Brokerage Company, LLC Fees: (Check only (1) or (2) below.) (Complete the Agreement Between Brokers
on page 14 only if (1) is selected.) | | (1) Seller will pay Principal Broker the fee specified by separate written commission agreement between Principal Broker and Seller. Principal Broker will pay Cooperating Broker the fee specified in the
Agreement Between Brokers found below the parties’ signatures to this contract. (2) At the closing of this sale, Seller will pay: The cash fees will be paid in Harris County, Texas. Seller authorizes the title company to pay the brokers
from the Seller’s proceeds at closing. NOTICE: Chapter 62, Texas Property Code, authorizes a broker to secure an earned commission with a lien against the Property. 

 

 
 Commercial Contract—Improved Property concerning    7334-7340 Gessner Road, Houston, TX 77040 B. C. C. The
parties may not amend this Paragraph 9 without the written consent of the brokers affected by the amendment. 10. CLOSING: The date of the closing of the sale (closing date) will be on or before the later of: (1) 30 businessdays after the expiration
of the feasibility period. (specific date). (2p^eays after objections made under Paragraph 6D have been cured or waived. If either party fails to close by the closing date, the non-defaulting party may
exercise the remedies in Paragraph 15. At closing, Seller will execute and deliver to Buyer, at Seller’s expense, a| [general]^[special warranty deed. The deed must include a vendor’s lien if any part of the sales price is financed.
The deed must convey good and indefeasible title to the Property and show no exceptions other than those permitted under Paragraph 6 or other provisions of this contract. Seller must convey the Property: (1) with no liens, assessments, or
Uniform Commercial Code or other security interests against the Property which will not be satisfied out of the sales price, unless securing loans Buyer assumes; (2) without any assumed loans in default; and (3) with no persons in
possession of any part of the Property as lessees, tenants at sufferance, or trespassers except tenants under the written leases assigned to Buyer under this contract. D. At closing, Seller, at Seller’s expense, will also deliver to Buyer:
(1) tax statements showing no delinquent taxes on the Property; (2) a bill of sale with warranties to title conveying title, free and clear of all liens, to any personal property defined as part of the Property in Paragraph 2 or sold under
this contract; (3) an assignment of all leases to or on the Property; (4) to the extent that the following items are assignable, an assignment to Buyer of the following items as they relate to the Property or its operations:
(a) licenses and permits; (b) maintenance, management, and other contracts; and (c) warranties and guaranties; (5) a rent roll current on the day of the closing certified by Seller as true and correct; (6) evidence that the
person executing this contract is legally capable and authorized to bind Seller; (7) an affidavit acceptable to the title company stating that Seller is not a foreign person or, if Seller is a foreign person, a written authorization for the
title company to: (i) withhold from Seller’s proceeds an amount sufficient to comply applicable tax law; and (ii) deliver the amount to the Internal Revenue Service together with appropriate tax forms; and (8) any notices,
statements, certificates, affidavits, releases, and other documents required by this contract, the commitment, or law necessary for the closing of the sale and the issuance of the title policy, all of which must be completed and executed by Seller
as necessary. E. At closing, Buyer will: (1) pay the sales price in good funds acceptable to the title company; (2) deliver evidence that the person executing this contract is legally capable and authorized to bind Buyer; (3) sign and
send to each tenant in the Property a written statement that: (a) acknowledges Buyer has received and is responsible for the tenant’s security deposit; and (b) specifies the exact dollar amount of the security deposit; (4) sign
an assumption of all leases then in effect; and (5) execute and deliver any notices, statements, certificates, or other documents required by this contract or law necessary to close the sale. 

 

 
 7334-7340 Gessner Road, Houston, TX 77040 Commercial Contract—Improved Property concerning      F. Unless the
parties agree otherwise, the closing documents will be as found in the basic forms in the current edition of the State Bar of Texas Real Estate Forms Manual without any additional clauses. 11. POSSESSION : Seller will deliver possession of the
Property to Buyer upon closing and funding of this sale in its present condition with any repairs Seller is obligated to complete under this contract, ordinary wear and tear excepted. Any possession by Buyer before closing or by Seller after closing
that is not authorized by a separate written lease agreement is a landlord-tenant at sufferance relationship between the parties. 12. SPECIAL PROVISIONS: The following special provisions apply and will control in the event of a conflict with other
provisions of this contract. (If special provisions are contained in an Addendum, identify the Addendum here and reference the Addendum in Paragraph 22D.) See Exhibit A 13. SALES EXPENSES: A. Seller’s Expenses: Seller will pay for the following
at or before closing: (1) releases of existing liens, other than those liens assumed by Buyer, including prepayment penalties and recording fees; (2) release of Seller’s loan liability, if applicable; (3) tax statements or
certificates; (4) preparation of the deed and any bill of sale; (5) one-half of any escrow fee; (6) costs to record any documents to cure title objections that Seller must cure; and
(7) other expenses that Seller will pay under other provisions of this contract. B. Buyer’s Expenses: Buyer will pay for the following at or before closing: (1) all loan expenses and fees; (2) preparation fees of any deed of
trust; (3) recording fees for the deed and any deed of trust; (4) premiums for flood and hazard insurance as may be required by Buyer’s lender; (5) one-half of any escrow fee; and
(6) other expenses that Buyer will pay under other provisions of this contract. 14. PRORATIONS: A. Prorations: (1) Interest on any assumed loan, taxes, rents, and any expense reimbursements from tenants will be prorated through the closing
date. 

 

 
 (2) If the amount of ad valorem taxes for the year in which the sale closes is not available on the closing date, taxes will be prorated
on the basis of taxes assessed in the previous year. If the taxes for the year in which the sale closes vary from the amount prorated at closing, the parties will adjust the prorations when the tax statements for the year in which the sale closes
become available. This Paragraph 14A(2) survives closing. (3) If Buyer assumes a loan or is taking the Property subject to an existing lien, Seller will transfer all reserve deposits held by the lender for the payment of taxes, insurance
premiums, and other charges to Buyer at closing and Buyer will reimburse such amounts to Seller by an appropriate adjustment at closing. B. Rollback Taxes: If Seller’s use or change in use of the Property before closing results in the
assessment of additional taxes, penalties, or interest (assessments) for periods before closing, the assessments will be the obligation of Seller. If this sale or Buyer’s use of the Property after closing results in additional assessments for
periods before closing, the assessments will be the obligation of Buyer. This Paragraph 14B survives closing. C. Rent and Security Deposits: At closing, Seller will tender to Buyer all security deposits and the following advance payments received by
Seller for periods after closing: prepaid expenses, advance rental payments, and other advance payments paid by tenants. Rents prorated to one party but received by the other party will be remitted by the recipient to the party to whom it was
prorated within 5 days after the rent is received. This Paragraph 14C survives closing. 15. DEFAULT: A. If Buyer fails to comply with this contract, Buyer is in default and Seller, as Seller’s sole remedy(ies), may terminate this contract and
receive the earnest money, as liquidated damages for Buyer’s failure except for any damages resulting from Buyer’s inspections, studies or assessments in accordance with Paragraph 7C(4) which Seller may pursue, or (Check if applicable)
â–¡ enforce specific performance, or seek such other relief as may be provided by law. B. If, without fault, Seller is unable within the time allowed to deliver the estoppel certificates, survey or the commitment, Buyer may:
(1) terminate this contract and receive the earnest money, less any independent consideration under Paragraph 7B(1), as liquidated damages and as Buyer’s sole remedy; or (2) extend the time for performance up to 15 days and the
closing will be extended as necessary. C. Except as provided in Paragraph 15B, if Seller fails to comply with this contract, Seller is in default and Buyer may: (1) terminate this contract and receive the earnest money, less any independent
consideration under Paragraph 7B(1), as liquidated damages and as Buyer’s sole remedy; or (2) enforce specific performance, or seek such other relief as may be provided by law, or both. 16. CASUALTY LOSS AND CONDEMNATION: A. If any part of
the Property is damaged or destroyed by fire or other casualty after the effective date, Seller must restore the Property to its previous condition as soon as reasonably possible and not later than the closing date. If, without fault, Seller is
unable to do so, Buyer may: (1) terminate this contract and the earnest money, less any independent consideration under Paragraph 7B(1), will be refunded to Buyer; (2) extend the time for performance up to 15 days and closing will be
extended as necessary; or (3) accept at closing: (i) the Property in its damaged condition; (ii) an assignment of any insurance proceeds Seller is entitled to receive along with the insurer’s consent to the assignment; and
(iii) a credit to the sales price in the amount of any unpaid deductible under the policy for the loss. B. If before closing, condemnation proceedings are commenced against any part of the Property, Buyer may: 

 

 
 (1) terminate this contract by providing written notice to Seller within 15 days after Buyer is advised of the condemnation proceedings
and the earnest money, less any independent consideration under Paragraph 7B(1), will be refunded to Buyer; or (2) appear and defend the condemnation proceedings and any award will, at Buyer’s election, belong to: (a) Seller and the
sales price will be reduced by the same amount; or (b) Buyer and the sales price will not be reduced. 17. ATTORNEY’S FEES: If Buyer, Seller, any broker, or the title company is a prevailing party in any legal proceeding brought under or
with relation to this contract or this transaction, such party is entitled to recover from the non-prevailing parties all costs of such proceeding and reasonable attorney’s fees. This Paragraph 17
survives termination of this contract. 18. ESCROW: A. At closing, the earnest money will be applied first to any cash down payment, then to Buyer’s closing costs, and any excess will be refunded to Buyer. If no closing occurs, the title company
may require payment of unpaid expenses incurred on behalf of the parties and a written release of liability of the title company from all parties. B. If one party makes written demand for the earnest money, the title company will give notice of the
demand by providing to the other party a copy of the demand. If the title company does not receive written objection to the demand from the other party within 15 days after the date the title company sent the demand to the other party, the title
company may disburse the earnest money to the party making demand, reduced by the amount of unpaid expenses incurred on behalf of the party receiving the earnest money and the title company may pay the same to the creditors. C. The title company
will deduct any independent consideration under Paragraph 7B(1 ) before disbursing any earnest money to Buyer and will pay the independent consideration to Seller. D. If the title company complies with this Paragraph 18, each party hereby releases
the title company from all claims related to the disbursal of the earnest money. E. Notices under this Paragraph 18 must be sent by certified mail, return receipt requested. Notices to the title company are effective upon receipt by the title
company. F. Any party who wrongfully fails or refuses to sign a release acceptable to the title company within 7 days after receipt of the request will be liable to the other party for: (i) damages; (ii) the earnest money; (iii) reasonable
attorney’s fees; and (iv) all costs of suit. G. | |Seller| ^uyer intend(s) to complete this transaction as a part of an exchange of like-kind properties in accordance with Section 1031 of the Internal Revenue Code, as amended.
All expenses in connection with the contemplated exchange will be paid by the exchanging party. The other party will not incur any expense or liability with respect to the exchange. The parties agree to cooperate fully and in good faith to arrange
and consummate the exchange so as to comply to the maximum extent feasible with the provisions of Section 1031 of the Internal Revenue Code. The other provisions of this contract will not be affected in the event the contemplated exchange fails
to occur. 

 

 
 Commercial Contract - Improved Property concerning 7334-7340 Gessner Road, Houston, TX 77040 19. MATERIAL FACTS: To the best of
Seller’s knowledge and belief: (Check only one box.) I I A. Seller is not aware of any material defects to the Property except as stated in the attached Commercial Property Condition Statement (TAR-1408).
â–¡ B. Except as otherwise provided in this contract, Seller is not aware of: (1) any subsurface: structures, pits, waste, springs, or improvements; (2) any pending or threatened litigation, condemnation, or assessment
affecting the Property; (3) any environmental hazards or conditions that materially affect the Property; (4) whether the Property is or has been used for the storage or disposal of hazardous materials or toxic waste, a dump site or
landfill, or any underground tanks or containers; (5) whether radon, asbestos containing materials, urea-formaldehyde foam insulation, lead-based paint, toxic mold (to the extent that it adversely affects the health of ordinary occupants), or
other pollutants or contaminants of any nature now exist or ever existed on the Property; (6) any wetlands, as defined by federal or state law or regulation, on the Property; (7) any threatened or endangered species or their habitat on the
Property; (8) any present or past infestation of wood-destroying insects in the Property’s improvements; (9) any contemplated material changes to the Property or surrounding area that would materially and detrimentally affect the
ordinary use of the Property; (10) any material physical defects in the improvements on the Property; or (11) any condition on the Property that violates any law or ordinance. (Describe any exceptions to (1)-(11) in Paragraph 12 or an
addendum.) 20. NOTICES: All notices between the parties under this contract must be in writing and are effective when hand-delivered, mailed by certified mail return receipt requested, or sent by facsimile transmission to the parties addresses or
facsimile numbers stated in Paragraph 1. The parties will send copies of any notices to the broker representing the party to whom the notices are sent. A. Seller also consents to receive any notices by e-mail
at Seller’s e-mail address stated in Paragraph 1. B. Buyer also consents to receive any notices by e-mail at Buyer’s
e-mail address stated in Paragraph 1. 21. DISPUTE RESOLUTION: The parties agree to negotiate in good faith in an effort to resolve any dispute related to this contract that may arise. If the dispute cannot be
resolved by negotiation, the parties will submit the dispute to mediation before resorting to arbitration or litigation and will equally share the costs of a mutually acceptable mediator. This paragraph survives termination of this contract. This
paragraph does not preclude a party from seeking equitable relief from a court of competent jurisdiction. 22. AGREEMENT OF THE PARTIES: A. This contract is binding on the parties, their heirs, executors, representatives, successors, and permitted
assigns. This contract is to be construed in accordance with the laws of the State of Texas. If any term or condition of this contract shall be held to be invalid or unenforceable, the remainder of this contract shall not be affected thereby. B.
This contract contains the entire agreement of the parties and may not be changed except in writing. C. If this contract is executed in a number of identical counterparts, each counterpart is an original and all counterparts, collectively,
constitute one agreement. Addenda which are part of this contract are: (Check all that apply.) (1) Property Description Exhibit identified in Paragraph 2;—SEE EXHIBIT B (2) Commercial Contract Condominium Addendum (TAR-1930); (3) Commercial Contract Financing Addendum (TAR-1931); (4) Commercial Property Condition Statement (TAR-1408); (5)
Commercial Contract Addendum for Special Provisions (TAR-1940); â–¡ (6) Addendum for Seller’s Disclosure of Information on Lead-Based Paint and Lead-Based Paint — Hazards (TAR-1906); 

 

 
 7334-7340 Gessner Road, Houston, TX 77040 Commercial Contract—Improved Property concerning      (7) Notice to
Purchaser of Real Property in a Water District (MUD); (8) Addendum for Coastal Area Property (TAR-1915); (9) Addendum for Property Located Seaward of the Gulf Intracoastal Waterway (TAR-1916); (10)lnformation About Brokerage Services (TAR-2501); and y (11) Exhibit A: Special Provisions (Noie: Counsel for the Texas Association of REALTORS® (TAR)
has determined that any of the foregoing addenda which are promulgated by the Texas Real Estate Commission (TREC) or published by TAR are appropriate for use with this form.) Buyer | nay ^|may not assign this contract. If Buyer assigns this
contract, Buyer will be relieved of any future iability under this contract only if the assignee assumes, in writing, all of Buyer’s obligations under this contract. 23. TIME: Time is of the essence in this contract. The parties require strict
compliance with the times for performance. If the last day to perform under a provision of this contract falls on a Saturday, Sunday, or legal holiday, the time for performance is extended until the end of the next day which is not a Saturday,
Sunday, or legal holiday. 24. EFFECTIVE DATE: The effective date of this contract for the purpose of performance of all obligations is the date the title company receipts this contract after all parties execute this contract. 25. ADDITIONAL NOTICES:
A. Buyer should have an abstract covering the Property examined by an attorney of Buyer’s selection, or Buyer should be furnished with or obtain a title policy. B. If the Property is situated in a utility or other statutorily created district
providing water, sewer, drainage, or flood control facilities and services, Chapter 49, Texas Water Code, requires Seller to deliver and Buyer to sign the statutory notice relating to the tax rate, bonded indebtedness, or standby fees of the
district before final execution of this contract. C. Notice Required by §13.257, Water Code: “The real property, described below, that you are about to purchase may be located in a certificated water or sewer service area, which is
authorized by law to provide water or sewer service to the properties in the certificated area. If your property is located in a certificated area there may be special costs or charges that you will be required to pay before you can receive water or
sewer service. There may be a period required to construct lines or other facilities necessary to provide water or sewer service to your property. You are advised to determine if the property is in a certificated area and contact the utility service
provider to determine the cost that you will be required to pay and the period, if any, that is required to provide water or sewer service to your property. The undersigned purchaser hereby acknowledges receipt of the foregoing notice at or before
the execution of a binding contract for the purchase of the real property described in the notice or at closing of purchase of the real property.” The real property is described in Paragraph 2 of this contract. D. If the Property adjoins or
shares a common boundary with the tidally influenced submerged lands of the state, §33.135, Texas Natural Resources Code, requires a notice regarding coastal area property to be included as part of this contract. E. If the Property is located
seaward of the Gulf Intracoastal Waterway, §61.025, Texas Natural Resources Code, requires a notice regarding the seaward location of the Property to be included as part of this contract. F. If the Property is located outside the limits of a
municipality, the Property may now or later be included in the extra-territorial jurisdiction (ETJ) of a municipality and may now or later be subject to annexation by the municipality. Each municipality maintains a map that depicts its boundaries
and ETJ. To 

 

 
 Commercial Contract—Improved Property concerning    7334-7340 Gessner Road, Houston, TX 77040 Seller: GTC,
Inc., a Texas corporation determine if the Property is located within a municipality’s ETJ, Buyer should contact all municipalities located in the general proximity of the Property for further information. G. If apartments or other residential
units are on the Property and the units were built before 1978, federal law requires a lead-based paint and hazard disclosure statement to be made part of this contract. H. Section 1958.154, Occupations Code requires Seller to provide Buyer a
copy of any mold remediation certificate issued for the Property during the 5 years preceding the date the Seller sells the Property. I. Brokers are not qualified to perform property inspections, surveys, engineering studies, environmental
assessments, or inspections to determine compliance with zoning, governmental regulations, or laws. Buyer should seek experts to perform such services. Buyer should review local building codes, ordinances and other applicable laws to determine their
effect on the Property. Selection of experts, inspectors, and repairmen is the responsibility of Buyer and not the brokers. Brokers are not qualified to determine the credit worthiness of the parties. J. NOTICE OF WATER LEVEL FLUCTUATIONS: If the
Property adjoins an impoundment of water, including a reservoir or lake, constructed and maintained under Chapter 11, Water Code, that has a storage capacity of at least 5,000 acre-feet at the impoundment’s normal operating level, Seller hereby
notifies Buyer: “The water level of the impoundment of water adjoining the Property fluctuates for various reasons, including as a result of: (1) an entity lawfully exercising its right to use the water stored in the impoundment; or
(2) drought or flood conditions.” 26. CONTRACT AS OFFER: The execution of this contract by the first party constitutes an offer to buy or sell the Property. Unless the other party accepts the offer by 5:00 p.m., in the time zone in which
the Property is located, on , the offer will lapse and become null and void. READ THIS CONTRACT CAREFULLY. The brokers and agents make no representation or recommendation as to the legal sufficiency, legal effect, or tax consequences of this
document or transaction. CONSULT your attorney BEFORE signing. Buyer: Harmony Public Schools, a Texas non-profit corporation 

 

 
 AGREEMENT BETWEEN BROKERS (use only if Paragraph 9B(1) is effective) Principal Broker agrees to pay fee when the Principal Broker’s
fee is received. The fee to be paid to Cooperating Broker will be: _! $ , or % of the sales price, or % of the Principal Broker’s fee. The title company is authorized and directed to pay Cooperating Broker from Principal Broker’s fee at
closing. This Agreement Between Brokers supersedes any prior offers and agreements for compensation between brokers. By: By: ATTORNEYS ESCROW RECEIPT ,Thp title company acknowledges receipt of: A. the contract on this day B. earnest money in the
amount of $ on . Title company: By: Assigned file number (GF#): 

 EXHIBIT A 

ADDENDUM 
 (TO COMMERCIAL
CONTRACT – IMPROVED PROPERTY) 
 Notwithstanding anything to the contrary set forth in the Commercial Contract – Improved Property
(the “Contract”) between GTC, INC., a Texas corporation (“Seller”), and HARMONY PUBLIC SCHOOLS, a Texas non-profit corporation (“Buyer”), to
which this Addendum is attached, the parties hereto agree to the following provisions: 
  

	1.	 All defined terms used in this Addendum, unless otherwise expressly provided herein, shall have the same
respective meanings as are ascribed to such defined terms in the Contract. The Contract and this Addendum shall together constitute but one and the same instrument. In the event of any conflict between the terms and provisions of this Addendum and
the terms and provisions of the Contract, the terms and provisions of this Addendum shall supersede and control. All references in this Addendum to “this Contract” or “the Contract” shall mean and refer to the
Contract as amended and supplemented by this Addendum. 

  

	2.	 Paragraph 2.B is hereby deleted and replaced with the following: 

“B. Seller will convey title to (i) the Property to Seller by delivering the special warranty deed in accordance with Paragraph 10.C,
and (ii) any appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other personal property, if any, owned by Seller and located on or about the Property by delivering the bill of sale in accordance with Paragraph 10.D.”

  

	3.	 The Earnest Money described in Paragraph 5(A) shall be fully earned by Seller and non-refundable upon the expiration of the Feasibility Period (or, if applicable, the Extended Feasibility Period), except only as expressly provided in Paragraph 6.D, Paragraph 7.B, Paragraph 15, Paragraph 16, and
Paragraph 19.A. 

  

	4.	 Paragraph 6.D is hereby deleted and replaced with the following: 

“Buyer shall have fifteen (15) days after receipt of the last of (a) the title commitment described in Paragraph 6.A(3),
including copies of recorded documents evidencing the title exceptions therein (collectively, the “Title Report”), and (b) the survey described in Paragraph 6.B(1) (the “Survey”), to notify Seller in writing of
any objections with respect to the Title Report and Survey (“Title Objections”). In the event Buyer provides such notice, Seller shall have five (5) days after receipt thereof (“Seller’s Response Period”)
to notify Buyer whether Seller elects to cause any or all of the Title Objections disclosed therein to be removed or insured over by the Title Company. Seller’s failure to notify Buyer within Seller’s Response Period as to any Title
Objection shall be deemed an election by Seller not to remove or have the Title Company insure over such Title Objection. If Seller notifies or is deemed to have notified Buyer that Seller shall not remove nor have the Title Company insure over any
or all of the Title Objections, Buyer shall have until five (5) days after the expiration of Seller’s Response Period, either to terminate this Contract, or waive such Title 

 
Objections and proceed to Closing without any abatement or reduction in the Sales Price on account of such Title Objections. If Buyer does not give such notice within said five (5) day
period, Buyer shall be deemed to have elected to waive such Title Objections. If Buyer timely elects to terminate the Contract pursuant to this Paragraph 6.D, the Earnest Money, less the independent consideration under Paragraph 7.B(1), will
immediately be refunded to Buyer in accordance with the terms of this Contract. The phrase “Permitted Exceptions” shall mean all exceptions to title (including printed exceptions) set forth in the Title Report and Survey other than
Title Objections identified and not thereafter waived by Buyer. Notwithstanding the foregoing, in all events and regardless of whether Buyer objects to such exceptions, on or before the Closing, Seller shall discharge any voluntary lien created by
Seller that is secured by any portion of the Property and discharge any lien for delinquent ad valorem taxes (“Monetary Lien”). Seller agrees any Monetary Liens do not constitute Permitted Exceptions or Permitted Encumbrances under
Section 10.C. Buyer’s failure to timely object or terminate under this Paragraph 6.D is a waiver of Buyer’s right to object except that Buyer will not waive the requirements of the Title Company in Schedule C of the Title
Report.” 
  

	5.	 The following shall be added to the end of Paragraph 7.B(1): 

“Subject to the terms hereof, Buyer shall have the unilateral option to extend the Feasibility Period for one (1) additional period
of thirty (30) days (the “Extended Feasibility Period”). To exercise such option, Buyer, on or prior to the expiration of the Feasibility Period, must (i) deposit with the Title Company additional earnest money in the
amount of $100,000.00, which shall become part of the Earnest Money, and (ii) provide Seller written notice thereof sent in accordance with the terms of this Contract. Notwithstanding anything to the contrary in this Contract, Buyer may
terminate this Contract for any reason (or no reason) whatsoever by giving written notice of termination to Seller on or before the last day of the Extended Feasibility Period. If Buyer terminates this Contract during the Extended Feasibility Period
pursuant to this paragraph 7.B(1), the Earnest Money, less $50,000.00 thereof to be retained by Seller, shall immediately be refunded to Buyer in accordance with the terms of this Contract.” 

 

	6.	 Paragraph 7.C(1) is hereby deleted and replaced with the following: 

(a) Buyer and its engineers, architects, representatives, employees and agents (the “Inspector Parties”) may access the
Property for the limited purpose of inspecting the physical condition of the Property and conducting non-intrusive physical and environmental tests and inspections thereof, including without limitation a Phase
I environmental assessment (provided that Buyer and its employees and agents may continue to access the Property as permitted by the Existing Lease). INSPECTOR PARTIES SHALL NOT CONDUCT OR ALLOW ANY PHYSICALLY INTRUSIVE TESTING OF, ON OR UNDER THE
PROPERTY, WITHOUT FIRST OBTAINING SELLER’S WRITTEN CONSENT, WHICH CONSENT MAY BE WITHHELD IN SELLER’S SOLE AND ABSOLUTE DISCRETION, AS TO THE TIMING AND SCOPE OF THE WORK TO BE PERFORMED. 

 (b) Prior to entry on the Property by any Inspector Party, Buyer shall furnish (or caused
to be furnished) to Seller a certificate of insurance demonstrating that Seller and any lender or other parties with insurable interest that Seller may reasonably designate are included as additional insureds (on a primary and non-contributory basis) on Buyer’s (and, if applicable, its agent’s) commercial general liability and excess umbrella liability insurance policy(ies) in compliance with the Existing Lease. Such policies
shall provide, at Buyer’s or its agent’s sole cost, coverage and limits in an amount not less than the amount Buyer is required to carry under the Existing Lease. All policies shall include or be endorsed to provide a waiver of subrogation
in favor of Seller and all other parties named as additional insured to such policies. Buyer agrees to maintain such coverage for so long as this Contract remains in effect.” 

 

	7.	 Paragraph 7.C(2) is hereby deleted. 

 

	8.	 Paragraph 7.C(4) is hereby deleted and replaced with the following: 

“Buyer agrees to indemnify, defend, reimburse and hold harmless Seller and its affiliates, subsidiaries, shareholders, officers, directors
and agents (collectively, “Seller Parties”) from any loss, injury, damage, cause of action, liability, claim, lien, cost or expense, including reasonable attorneys’ fees and costs, arising from (1) the exercise by the
Inspector Parties of the right of access under this Contract or arising out of a breach of this Contract by the Inspector Parties, (2) any injuries to persons (including death) or property (real or personal) by reasons of or relating to the
work or activities conducted on the Property by the Inspector Parties, or (3) any mechanics’, workers’ or other liens on the Property, by reasons of or relating to the work or activities conducted on the Property by the Inspector
Parties, provided however that this indemnity shall not extend to and in no event shall Buyer be liable to any Seller Party to the extent any loss, injury, damage, cause of action, liability, claim, lien, cost or expense arises from (a) any pre-existing conditions on or about the property except to the extent that such conditions were exacerbated due to the acts or omissions of any Inspector Party or anyone acting by, through or under any Inspector
Party; (b) any claims for diminution in value of the property as a consequence of access by Inspector Parties; or (c) Seller’s gross negligence or willful misconduct. The indemnity in this Paragraph 7.C(4) shall survive the
Closing or any termination of this Contract.” 
  

	9.	 Paragraph 7.D(1) is hereby deleted and replaced with the following: 

“(1) Delivery of Property Information. To the extent in Seller’s possession, Seller has delivered to Buyer copies of all of
the following items: 

 (a) the most recent survey of the Property prepared by a licensed surveyor; and 

(b) copies of all environmental reports prepared by third parties.” 

 

	10.	 Paragraph 7.D(2)(c) is hereby deleted and replaced with the following: 

“(c) to the extent requested by Seller, deliver copies of all inspection and assessment reports related to the Property that Buyer
completed or caused to be completed; provided, however, Buyer shall not be obligated to deliver or make available to Seller any of Buyer’s internal memoranda, attorney-client privileged materials or appraisals of the Property, if any. Seller
shall not hold Buyer responsible for the accuracy of any information prepared by third parties which is delivered to Seller in connection with this Paragraph 7.D(2)(c), and Buyer hereby makes no representation or warranty with respect to the
accuracy or completeness of any such information.” 
  

	11.	 The following shall be added to the end of Paragraph 7.E: 

“After the date of this Contract, Seller shall not grant to any third party any interest in the Property or any part thereof or further
voluntarily encumber the Property.” 
  

	12.	 Paragraph 8 is hereby deleted in its entirety and replaced with the following: 

“Seller and Buyer acknowledge that certain Lease Agreement dated February 14, 2006, by and between Seller (as successor-in-interest to Geospace Technologies, LP) and Buyer (as successor-in-interest to
Cosmos Foundation Inc.) (as amended from time to time, the “Existing Lease”) for the Property will terminate upon closing of this transaction. The parties hereby agree that (i) from and after the Closing Date, no further
obligations will accrue in connection therewith (except any obligations therein that expressly survive termination of the Existing Lease) and any unsatisfied monetary obligations of Tenant thereunder that are then due and payable under the Existing
Lease shall be credited to Seller at the closing of this transaction, and (ii) Buyer’s security deposit will be credited to Buyer at the closing of this transaction. Other than the Existing Lease, Seller will deliver the Property free and
clear of parties in possession of any part of the Property, including pursuant to any leases or other rental agreements, licenses or contracts affecting any part of the Property, but subject to all title matters and easements of record, subject to
the terms of Paragraph 6.” 
  

	13.	 Paragraph 10.C is hereby deleted and replaced with the following: 

“At Closing, Seller will deliver a special warranty deed in the form of Exhibit A attached hereto, executed and acknowledged
by Seller, conveying title to the Property subject to the following (collectively, “Permitted Encumbrances”): 
 (1) Real
property taxes for the current year and all assessments which are not yet due and payable; 

 (2) Any other lien, encumbrance, easement or other exception or matter voluntarily imposed
or consented to by Buyer prior to or as of the Closing; 
 (3) All Permitted Exceptions (as defined in Paragraph 6.D); and 

(4) All matters, rights and interests that would be discovered by an inspection or survey of the Property.” 

 

	14.	 Paragraph 10.D is hereby deleted and replaced with the following: 

“At closing, Seller will also deliver to Buyer: 

(1) a bill of sale in the form attached hereto as Exhibit B to the Addendum; 

(2) an affidavit in the form attached hereto as Exhibit C to the Addendum with respect to the Foreign Investment in Real Property Tax Act;

 (3) an owner’s title affidavit in the form attached hereto as Exhibit D to the Addendum; and 

(4) such other documents as may be reasonably required by the Title Company to be completed and executed by Seller for the closing of the sale
and the issuance of the title policy.” 
  

	15.	 Paragraph 10.F is hereby deleted in its entirety. 

 

	16.	 Paragraph 11 is hereby deleted in its entirety and replaced with the following: 

“DISCLAIMER; AS-IS SALE. 

(1) Except as expressly set forth in this Contract, Seller makes no representation or warranty, express or implied, as to the completeness,
content or accuracy of the documents delivered by Seller under Section 7.D. of the Contract (the “Property Information”). Buyer, relying on its own evaluation of the Property, disclaims any reliance on the Property Information
or on any statements (oral or written) which may have been made or may be made by Seller, the Principal Broker, or any other party, concerning the Property Information, except as expressly set forth in this Contract. Except for the representations
expressly set forth in the Contract, and the special warranty of title in the deed conveying the Property to Buyer at the Closing, Seller has not made and does not make any warranty, guaranty, or representation, oral or written, past, present or
future, of, as to, or concerning: (a) the nature and condition of the Property, including but not by way of limitation, the water, soil, geology and the suitability thereof, and of the Property, for any and all activities and uses which Buyer
may elect to conduct thereon, income to be derived 

 
therefrom or expenses to be incurred with respect thereto, or any obligations or any other matter or thing relating to or affecting the same; (b) the nature and extent of any easement, right-of-way, or entitlement; (c) the compliance of the Property or the operation of the Property with any laws, rules, ordinances, or regulations of any government or
other body; and (d) hazardous materials or the environmental condition of the Property. Buyer, relying on its own evaluation of the Property, disclaims any reliance on any statements (oral or written) which may have been made or may be made by
Seller or any other party concerning such matters. The provisions of this paragraph shall survive the Closing and any termination of this Contract. 

(2) BUYER ACKNOWLEDGES THAT BUYER IS RELYING SOLELY UPON ITS OWN (OR ITS REPRESENTATIVES’) INSPECTION, EXAMINATION AND EVALUATION OF THE
PROPERTY AND DISCLAIMS RELIANCE UPON ANY STATEMENTS (ORAL OR WRITTEN) WHICH MAY HAVE BEEN MADE OR MAY BE MADE (OR PURPORTEDLY MADE) BY SELLER OR ANY OF ITS REPRESENTATIVES. AS A MATERIAL PART OF THE CONSIDERATION FOR THE CONTRACT, BUYER AGREES TO
ACCEPT THE PROPERTY AT CLOSING IN ITS “AS-IS, WHERE IS” CONDITION AND WITH ALL FAULTS, AND WITHOUT REPRESENTATIONS AND WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, OR ARISING BY OPERATION OF LAW,
EXCEPT ONLY THE REPRESENTATIONS AND WARRANTIES EXPRESSLY SET FORTH IN THE CONTRACT AND THE SPECIAL WARRANTY OF TITLE. BUYER SHALL AT CLOSING EXPRESSLY ASSUME ALL RISKS, LIABILITIES, CLAIMS, DAMAGES, AND COSTS (AND AGREES THAT SELLER SHALL NOT BE
LIABLE FOR ANY SPECIAL, DIRECT, INDIRECT, CONSEQUENTIAL, OR OTHER DAMAGES) RESULTING OR ARISING FROM OR RELATED TO THE OWNERSHIP, USE, CONDITION, LOCATION, MAINTENANCE, REPAIR OR OPERATION OF THE PROPERTY. THE PROVISIONS OF THIS PARAGRAPH SHALL
SURVIVE THE CLOSING. BUYER HAD THE OPPORTUNITY TO BE REPRESENTED BY LEGAL COUNSEL IN CONNECTION WITH THE TRANSACTION CONTEMPLATED BY THE CONTRACT.” 
  

	17.	 Paragraph 14 is hereby deleted in its entirety and replaced with the following: 

“A. Base Rent and installments of insurance premiums due under the Existing Lease for the month in which Closing occurs shall be prorated
as of the Closing Date, such that either, at Closing, (i) Seller shall refund to Buyer any Rent paid for such month for the period from and after the Closing Date, or (ii) Seller shall receive a credit against the Sales Price for any
unpaid Rent due and owing for the period prior to the Closing Date. 

 B. Notwithstanding anything herein to the contrary, all property owner association fees, ad
valorem and other real estate taxes with respect to the Property accrued for the calendar year during which the Closing occurs (collectively, the “Real Property Fees”) shall be Buyer’s sole obligation. At Closing, Seller shall
refund to Buyer any payments received by Seller for such Real Property Fees under the Existing Lease. If the sale or Buyer’s use of the Property after closing results in additional assessments for periods before or after Closing, the
assessments will be the obligation of Buyer. 
 This Paragraph 14 survives Closing.” 

 

	18.	 For the avoidance of doubt, and notwithstanding anything in Paragraph 16.A to the contrary, (i) Seller
shall have no obligation to restore the Property following a casualty event except if and to the extent expressly provided in the Existing Lease, and (ii) Buyer may terminate this Contract in the event that a casualty event gives rise to a
right of Buyer to terminate the Existing Lease. 

  

	19.	 Paragraph 19 is hereby deleted in its entirety and replaced with the following: 

“A. Seller Representations. The matters set forth in this Paragraph 19.A constitute representations, warranties and covenants by
Seller which are now and shall, at the Closing, be true and correct: 
 (1) Seller has been duly formed, validly exists and
is in good standing in the jurisdiction of its formation and in the state in which the Property is located. 
 (2) Seller
has the legal power, right and authority to enter into this Contract and to consummate the transactions contemplated hereby. 

(3) Seller is not prohibited from consummating the transactions contemplated by this Contract by any law, regulation,
agreement, instrument, restriction, order or judgment. 
 (4) Seller is not now a party to, and to the extent of
Seller’s actual knowledge there is no threatened, material litigation, action, proceeding or written claim affecting the Property. 

(5) Seller is in compliance with the requirements of Executive Order No. 133224, 66 Fed. Reg. 49079 (Sept. 25, 2001) (the
“Order”) and other similar requirements contained in the rules and regulations of the Office of Foreign Assets Control, Department of the Treasury (“OFAC”) and in any enabling legislation or other Executive
Orders or regulations in respect thereof (the Order and such other rules, regulations, legislation, or orders are collectively called the “Orders”). 

 (6) Neither Seller nor, to Seller’s knowledge, any beneficial owner of
Seller: (i) is listed on the Specially Designated Nationals and Blocked Persons List maintained by OFAC pursuant to the Order and/or on any other list of terrorists or terrorist organizations maintained pursuant to any of the rules and
regulations of OFAC or pursuant to any other applicable Orders (such lists are collectively referred to as the “Lists”); (ii) is a person or entity who has been determined by competent authority to be subject to the prohibitions
contained in the Orders; or (iii) is owned or controlled by, or acts for or on behalf of, any person or entity on the Lists or any other person or entity who has been determined by competent authority to be subject to the prohibitions contained
in the Orders. Notwithstanding anything contained herein to the contrary, for the purposes of this provision, the phrase “any beneficial owner of Seller” shall not include (x) any holder of a direct or indirect interest in a
publicly traded company whose shares are listed and traded on a United States national stock exchange, or (y) any limited partner, unit holder or shareholder owning an interest of five percent (5%) or less in Seller or in the holder of any
direct or indirect interest in Seller. 
 (7) Seller hereby covenants and agrees that if Seller obtains knowledge that
Seller or any of its beneficial owners becomes listed on the Lists or is indicted, arraigned, or custodially detained on charges involving money laundering or predicate crimes to money laundering, Seller shall promptly notify Buyer in writing, and
in such event, Buyer shall have the right to terminate this Agreement without penalty or liability to Seller immediately upon delivery of written notice thereof to Seller. 

(8) Seller is not a “foreign person” within the meaning of Section 1445 of the Internal Revenue Code. 

(9) To Seller’s knowledge, Seller has not received written notice from any governmental authority of any violation of any
applicable law (including environmental laws), regulation, order, or agreement affecting the Property, which violation remains uncured. 

The representations and warranties of Seller in this Section 19.A shall survive the Closing, subject to Section 26 of the Addendum.
Subject to Section 30 of the Addendum, if Buyer first discovers after the effective date of this Contract that any of the foregoing Seller representations is not true and correct in any material respect, either as of the effective date of this
Contract or as of the Closing Date, Buyer, as its sole remedy, may elect, by written notice to Seller, either to terminate this Contract or proceed to consummate the Closing. If Buyer proceeds to consummate the Closing, there shall be no reduction
in the Sales Price, and Buyer shall be deemed to have accepted the Property subject to such material change. If Buyer timely elects to terminate this Contract pursuant to this Section 19.A, the Earnest Money shall immediately be refunded to
Buyer. 
 B. Buyer Representations. The matters set forth in this Paragraph 19.B constitute representations, warranties and covenants
by Buyer which are now and shall, at the Closing, be true and correct: 

 (1) Buyer has the legal power, right and authority to enter into this
Contract and to consummate the transactions contemplated hereby. 
 (2) The consummation of this transaction shall
constitute Buyer’s acknowledgment that it has independently inspected and investigated the Property and has made and entered into this Contract based upon such inspection and investigation and its own examination of the condition of the
Property. 
 (3) Buyer is in compliance with the requirements of the Order and other similar requirements of OFAC and the
Orders. 
 (4) Neither Buyer nor, to Buyer’s knowledge, any beneficial owner of Buyer: (i) is listed on the Lists;
(ii) is a person or entity who has been determined by competent authority to be subject to the prohibitions contained in the Orders; or (iii) is owned or controlled by, or acts for or on behalf of, any person or entity on the Lists or any
other person or entity who has been determined by competent authority to be subject to the prohibitions contained in the Orders. 

(5) Buyer hereby covenants and agrees that if Buyer obtains knowledge that Buyer or any of its beneficial owners becomes
listed on the Lists or is indicted, arraigned, or custodially detained on charges involving money laundering or predicate crimes to money laundering, Buyer shall promptly notify Seller in writing, and in such event, Seller shall have the right to
terminate this Contract without penalty or liability to Seller immediately upon delivery of written notice thereof to Buyer.” 
  

	20.	 Broker Indemnity. Seller hereby represents and warrants to Buyer that other than the brokers listed in
Paragraph 9 of the Contract, Seller has not dealt with any real estate broker, sales person or finder in connection with this transaction. Seller will indemnify, defend (with counsel reasonably acceptable to Buyer) and save Buyer harmless from and
against any such commissions or fees alleged to be payable to any broker, finder or sales person engaged or alleged to be engaged by, through or under Seller. Buyer hereby represents and warrants to Seller that that other than the brokers listed in
Paragraph 9 of the Contract, Buyer has not dealt with any real estate broker, sales person or finder in connection with this transaction. Buyer will indemnify, defend (with counsel reasonably acceptable to Seller) and save Seller harmless from and
against any such commissions or fees payable or alleged to be payable to any broker, finder or sales person engaged or alleged to be engaged by, through or under Buyer. This provision shall survive termination of the Contract. 

 

	21.	 Seller Knowledge. As used in this Contract, the phrase “to the extent of Seller’s actual
knowledge,” “to Seller’s knowledge,” and similar phrases shall mean the actual knowledge of Thomas McEntire, in his capacity as Vice President and Chief Financial Officer of Seller, whose involvement with the Property is such
that he would know of the details of such administrative matters. There shall be no duty imposed or implied to investigate, inquire, inspect, or audit such matters, and there shall be no personal liability on the part of such officer.

	22.	 Paragraph 20 is hereby deleted in its entirety and replaced with the following: 

“All notices, demands or other communications given hereunder shall be in writing and shall be deemed given when received or rejected by
the intended recipient when (i) personally delivered (personal delivery shall include delivery by messenger or expedited delivery service, regularly providing proof of delivery, such as Federal Express or Airborne), (ii) delivered by
United States certified mail, postage prepaid and return receipt requested addressed to a party at its address set forth in Paragraph 1, or to such other address as the party to receive such notice may have designated to all other parties by
notice in accordance herewith, or (iii) upon the receipt by electronic mail (followed by delivery of one of the other means identified in (i) or (ii) above).” 
  

	23.	 Paragraph 21 is hereby deleted in its entirety. 

 

	24.	 Paragraph 22.E is hereby deleted in its entirety and replaced with the following: 

“This Contract shall bind and inure to the benefit of Seller and Buyer and their respective successors and permitted assigns. Buyer shall
not assign Buyer’s rights under this Contract without the prior written consent of Seller, which consent may be withheld absolutely; provided, however, upon three (3) business days’ prior written notice, Buyer may assign this Contract
without Seller’s consent to any entity which controls, is controlled by or under common control with Buyer, so long as (i) such permitted assignee expressly assumes all of Buyer’s obligations and liabilities hereunder, and (ii) a
copy of such assignment and assumption shall be provided to Seller at least three (3) business days prior to the Closing Date. For the avoidance of doubt, no such assignment or assumption shall relieve Buyer or any assignee from its obligations
hereunder. In addition, Buyer, without being required to assign its rights under this Contract, may instruct Seller to convey the Property to any special purpose entity wholly owned by Buyer that is created for the sole purpose of taking title to
the Property.” 
  

	25.	 Paragraph 24 is hereby deleted in its entirety and replaced with the following: 

“The effective date of this Contract for the purpose of performance of all obligations is the date the last of Buyer and Seller executes
this Contract.” 
  

	26.	 Survival. Unless otherwise expressly herein stated to survive, all representations, covenants,
indemnities, conditions and agreements contained in this Contract shall merge into and be superseded by the various documents executed and delivered at Closing and shall not survive the Closing. Furthermore, notwithstanding anything to the contrary
contained in this Contract, Seller’s liability shall not survive the Closing for more than a period of one (1) year after the Closing Date, at which time, such representations, covenants, indemnities, conditions and agreements shall
terminate and be of no further effect; provided, however, any claim brought by Buyer during such one (1) year period shall survive until such claim is resolved. For the purposes of this Paragraph 26 of this Addendum, a party shall be deemed to
have made a claim sufficient to preserve a party’s rights under this Contract if the party gives written notice of a claim to the other party prior to the expiration of the one (1) year survival period provided for herein; provided,
however, that a party must bring suit to enforce such party’s claim no later than 

	 	
ninety (90) days after the date of such notice. To the fullest extent permitted by law, the foregoing shall constitute the express intent of the parties to shorten the period of limitations
for bringing claims on account of Seller’s breach of its representations, covenants, indemnities, conditions and agreements if a longer period would otherwise be permitted by applicable law. 

 

	27.	 Limitation on Liability. In any action brought to enforce the obligations of Seller under this Contract
or any other document delivered in connection herewith, the judgment or decree shall be subject to the provisions of this Paragraph 27 of this Addendum. In all events, the liability of Seller under this Contract in the aggregate shall be enforceable
against Seller only up to a maximum of $400,000 (“Maximum Liability Cap”). Further, no claim by Buyer may be made and Seller shall not be liable for any suits, claims, losses, damages, liabilities, costs and expenses (collectively,
“Losses”) unless and until Buyer’s claims for such Losses exceed $25,000 in the aggregate (the “Liability Basket”), in which event Seller’s liability respecting any Losses shall be for the amount in excess
of the Liability Basket, subject to the Maximum Liability Cap. Buyer acknowledges and agrees that Buyer shall have no recourse against any other property or assets of Seller or to any Seller Parties except for the Property (and the proceeds from the
sale thereof), but only up to the Maximum Liability Cap, or of any of the assets or property of any of the Seller Parties for the payment or collection of any amount, judgment, judicial process, arbitral award, fee or cost or for any other
obligation or claim arising out of or based upon this Contract and requiring the payment of money by Seller, except for the Property (and the proceeds from the sale thereof), but only up to the Maximum Liability Cap. The Seller Parties shall not be
subject to levy, lien, execution, attachment or other enforcement procedure for the satisfaction of any of Buyer’s rights or remedies under or with respect to this Agreement, at law, in equity or otherwise, provided the foregoing shall not
limit the rights of Buyer to pursue claims against the Property (and the proceeds from the sale thereof), but only up to the Maximum Liability Cap. Nothing contained in this Contract shall be deemed or construed to be an acknowledgment or agreement
by Seller, or any other Seller Party that they do not have and maintain, respectively, separate existences, identities and integrity from the others, or that their separate existences, identities and integrity are impaired or should be disregarded
in any manner whatsoever. The provisions of this Section are intended and shall be construed to be a limitation on liability only and shall not be deemed or be construed to create any liability or obligation of the Seller or any of the Seller
Parties. The provisions of this Paragraph shall survive the Closing or termination of this Agreement. 

  

	28.	 Confidentiality: Seller and Buyer agree not to cause any public announcements to be made of the
execution of this Contract or the Closing of this transaction, and further agree not to disclose to any party the Sales Price payable hereunder or the other terms or provisions hereof. Notwithstanding the foregoing, Seller, Buyer or title company
may disclose any aspect of this transaction to any governmental agency, or any officer thereof, upon proper request or requirement therefor, where required, in accordance with applicable law, and after Closing may disclose the Closing of the
transaction contemplated hereby without restriction. For the avoidance of doubt, Seller, on or after the effective date of this Contract, may cause the following filings to be made with the United States Securities and Exchange Commission as and to
the extent required: (i) a Current Report on Form 8-K, and (ii) a Quarterly Report on Form 10-Q, which public filings may contain a description of the
transaction and a copy of this Contract. Notwithstanding anything to the contrary contained herein, Buyer may, make disclosure of this Contract and information about the Property to its Permitted Outside Parties

	 	
(hereafter defined) as necessary to perform its obligations hereunder or to determine the feasibility of Buyer’s acquisition of the Property and as may be required under laws or regulations
applicable to Buyer. In addition, the foregoing restrictions on disclosure shall not apply to information that was in Buyer’s possession prior to disclosure by Seller or is generally available to the public (other than as a result of
Buyer’s wrongful disclosure thereof). “Permitted Outside Parties”, as used herein, shall mean those persons who are responsible for determining the feasibility of Buyer’s acquisition of the Property, including
environmental auditors, appraisers, engineers, surveyors, title agents and consultants, and any of Buyer’s investors, officers, directors, existing or potential employees, attorneys, accountants, potential lenders, potential property managers
and permitted assignees under this Contract. 

  

	29.	 Waiver of Jury Trial. BUYER AND SELLER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT
TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS CONTRACT OR ANY DOCUMENTS CONTEMPLATED TO BE EXECUTED IN CONNECTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS
(WHETHER ORAL OR WRITTEN) OR ANY ACTIONS OF EITHER PARTY ARISING OUT OF OR RELATED IN ANY MANNER WITH THIS CONTRACT OR THE PROPERTY (INCLUDING WITHOUT LIMITATION, ANY ACTION TO RESCIND OR CANCEL THIS CONTRACT OR ANY CLAIMS OR DEFENSES ASSERTING THAT
THIS CONTRACT WAS FRAUDULENTLY INDUCED OR IS OTHERWISE VOID OR VOIDABLE). THIS WAIVER IS A MATERIAL INDUCEMENT FOR SELLER TO ENTER INTO AND ACCEPT THIS CONTRACT AND THE DOCUMENTS TO BE DELIVERED BY BUYER AT CLOSING, AND SHALL SURVIVE THE CLOSING OR
TERMINATION OF THIS AGREEMENT. Each party hereby authorizes and empowers the other to file this Paragraph 29 of this Addendum and this Contract with the clerk or judge of any court of competent jurisdiction as a written consent to waiver of jury
trial. 

  

	30.	 Qualifications to Seller’s Representations. If (i) Buyer or any affiliate of Buyer has as of
the effective date of this Contract, or (ii) Buyer or any affiliate of Buyer acquires from the effective date of this Contract through the Closing Date, actual knowledge or is deemed to know that Seller’s representations in this Contract
or any other documents delivered by Seller in connection with the transactions contemplated by this Contract are inaccurate, untrue or incorrect in any way, then such representations and warranties shall be deemed modified to reflect such knowledge
or deemed knowledge. Buyer shall be deemed to know a representation or warranty is untrue, inaccurate or incorrect if this Contract or any files, documents, materials, analyses, studies, tests, reports or other information disclosed, heretofore or
hereafter made available to, whether in written or electronic form, or otherwise obtained from whatever source by Buyer contains information which is inconsistent with such representation or warranty. To the extent that Seller’s representations
are modified pursuant to this Paragraph 30, Seller shall have no liability with respect to any of Seller representations and in relation to such modified matters, and no Seller breach shall be deemed to have occurred in
relation thereto. 

 [Signature page follows] 

 SIGNATURE PAGE FOR ADDENDUM TO COMMERCIAL CONTRACT – IMPROVED PROPERTY

  

			
	BUYER:
	
	Harmony Public Schools, a Texas non-profit corporation
		
	By:	 	 /s/ Umit Alpaslan

	Name:	 	Umit Alpaslan
	Title:	 	Deputy Superintendent of Schools
	
	Date: June 3, 2019
	
	SELLER:
	
	GTC, Inc., a Texas corporation
		
	By:	 	 /s/ Thomas T. McEntire

	Name:	 	Thomas T. McEntire
	Title:	 	Vice President and CFO
	
	Date: May 31, 2019

 EXHIBIT A TO ADDENDUM 

FORM OF SPECIAL WARRANTY DEED 
 NOTICE
OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL
SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER. 
 SPECIAL WARRANTY DEED 

 

					
	STATE OF TEXAS	  	§	  	
			
		  	§	  	KNOW ALL MEN BY THESE PRESENTS THAT:
			
	COUNTY OF HARRIS	  	§	  	

 THAT GTC, INC., a Texas corporation (hereinafter called “Grantor”), for and in consideration
of the sum of TEN AND NO/100 Dollars ($10.00) and other good and valuable consideration in hand paid by                     , a
                     (hereinafter called “Grantee”), whose mailing address is
                    , the receipt and sufficiency of which are hereby acknowledged, has GRANTED, SOLD AND CONVEYED and by these presents does GRANT,
SELL AND CONVEY unto Grantee that certain real property situated in Harris County, Texas, and more particularly described on Exhibit A attached hereto and made a part hereof for all purposes (the “Land”), together with
(i) any and all appurtenances belonging or appertaining thereto; (ii) any and all buildings and improvements located thereon; (iii) any and all appurtenant easements or rights of way affecting said real property and any of
Grantor’s rights to use same; (iv) any and all rights of ingress and egress to and from said real property and any of Grantor’s rights to use same; (v) all rights, title, and interest of Grantor in and to any air, riparian,
development, utility, and solar rights related thereto, (vi) any and all rights to the present or future use of wastewater, wastewater capacity, drainage, water or other utility facilities to the extent same pertain to or benefit said real
property or the improvements located thereon, including without limitation, all reservations of or commitments or letters covering any such use in the future, whether now owned or hereafter acquired; and (vii) all right, title, and interest of
Grantor in and to all strips and gores and any land lying in the bed of any street, road or alley, open or proposed, adjoining the Land (the Land, together with any and all of the related improvements, appurtenances, rights and interests referenced
in items (i) through (vii) above are herein collectively referred to as the “Property”). 
 TO HAVE AND TO HOLD the
Property, together with all and singular the rights and appurtenances thereto in any wise belonging, unto Grantee, its successors and assigns forever, subject to the matters described on Exhibit B attached hereto (collectively, the
“Permitted Exceptions”), and Grantor does hereby bind itself, its successors and assigns, to WARRANT AND FOREVER DEFEND all and singular the Property, subject to the Permitted Exceptions, unto Grantee, its successors and assigns,
against every person whomsoever lawfully claiming or to claim the same or any part thereof by, through, or under Grantor, but not otherwise. 
  

  
 Exh. A to Addendum - 1

 EXCEPT AS EXPRESSLY SET FORTH IN THE COMMERCIAL CONTRACT – IMPROVED PROPERTY BY AND
BETWEEN GRANTOR AND GRANTEE (THE “CONTRACT”), GRANTOR MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE COMPLETENESS, CONTENT OR ACCURACY OF THE DOCUMENTS DELIVERED BY GRANTOR UNDER THE CONTRACT (THE “PROPERTY
INFORMATION”). GRANTEE, RELYING ON ITS OWN EVALUATION OF THE PROPERTY, DISCLAIMS ANY RELIANCE ON THE PROPERTY INFORMATION OR ON ANY STATEMENTS (ORAL OR WRITTEN) WHICH MAY HAVE BEEN MADE OR MAY BE MADE BY GRANTOR, THE PRINCIPAL BROKER, OR
ANY OTHER PARTY, CONCERNING THE PROPERTY INFORMATION, EXCEPT AS EXPRESSLY SET FORTH IN THE CONTRACT. EXCEPT FOR THE REPRESENTATIONS EXPRESSLY SET FORTH IN THE CONTRACT, AND THE SPECIAL WARRANTY OF TITLE HEREIN, GRANTOR HAS NOT MADE AND DOES NOT MAKE
ANY WARRANTY, GUARANTY, OR REPRESENTATION, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE, OF, AS TO, OR CONCERNING: (A) THE NATURE AND CONDITION OF THE PROPERTY, INCLUDING BUT NOT BY WAY OF LIMITATION, THE WATER, SOIL, GEOLOGY AND THE SUITABILITY
THEREOF, AND OF THE PROPERTY, FOR ANY AND ALL ACTIVITIES AND USES WHICH GRANTEE MAY ELECT TO CONDUCT THEREON, INCOME TO BE DERIVED THEREFROM OR EXPENSES TO BE INCURRED WITH RESPECT THERETO, OR ANY OBLIGATIONS OR ANY OTHER MATTER OR THING RELATING TO
OR AFFECTING THE SAME; (B) THE NATURE AND EXTENT OF ANY EASEMENT, RIGHT-OF-WAY, OR ENTITLEMENT; (C) THE COMPLIANCE OF THE PROPERTY OR THE OPERATION OF THE
PROPERTY WITH ANY LAWS, RULES, ORDINANCES, OR REGULATIONS OF ANY GOVERNMENT OR OTHER BODY; AND (D) HAZARDOUS MATERIALS OR THE ENVIRONMENTAL CONDITION OF THE PROPERTY. GRANTEE, RELYING ON ITS OWN EVALUATION OF THE PROPERTY, DISCLAIMS ANY
RELIANCE ON ANY STATEMENTS (ORAL OR WRITTEN) WHICH MAY HAVE BEEN MADE OR MAY BE MADE BY GRANTOR OR ANY OTHER PARTY CONCERNING SUCH MATTERS. GRANTEE ACKNOWLEDGES THAT GRANTEE IS RELYING SOLELY UPON ITS OWN (OR ITS REPRESENTATIVES’) INSPECTION,
EXAMINATION AND EVALUATION OF THE PROPERTY AND DISCLAIMS RELIANCE UPON ANY STATEMENTS (ORAL OR WRITTEN) WHICH MAY HAVE BEEN MADE OR MAY BE MADE (OR PURPORTEDLY MADE) BY GRANTOR OR ANY OF ITS REPRESENTATIVES. AS A MATERIAL PART OF THE CONSIDERATION
FOR THE CONTRACT, GRANTEE AGREES TO ACCEPT THE PROPERTY AT CLOSING IN ITS “AS-IS, WHERE IS” CONDITION AND WITH ALL FAULTS, AND WITHOUT REPRESENTATIONS AND WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED,
OR ARISING BY OPERATION OF LAW, EXCEPT ONLY THE REPRESENTATIONS AND WARRANTIES EXPRESSLY SET FORTH IN THE CONTRACT AND THE SPECIAL WARRANTY OF TITLE. GRANTEE SHALL AT CLOSING EXPRESSLY ASSUME ALL RISKS, LIABILITIES, CLAIMS, DAMAGES, AND COSTS (AND
AGREES THAT GRANTOR SHALL NOT BE LIABLE FOR ANY SPECIAL, DIRECT, INDIRECT, CONSEQUENTIAL, OR OTHER DAMAGES) RESULTING OR ARISING FROM OR RELATED TO THE OWNERSHIP, USE, CONDITION, LOCATION, MAINTENANCE, REPAIR OR OPERATION OF THE PROPERTY. GRANTOR
HAD THE OPPORTUNITY TO BE REPRESENTED BY LEGAL COUNSEL IN CONNECTION WITH THE TRANSACTION CONTEMPLATED BY THE CONTRACT. 
  

  
 Exh. A to Addendum - 2

 Grantee hereby expressly assumes liability for the payment of all ad valorem taxes and
assessments for the Property for the year in which this Deed is executed. 
 [Signature and Acknowledgement Page Follows] 

 

  
 Exh. A to Addendum - 3

 EXECUTED to be effective for all purposes as of the
             day of         , 20    . 

 

			
		
	“Grantor”	 	
	
	__________________, a ____________________

 
			
		
	By:	 	 

 
			
		
	Name:	 	 

 
			
		
	Title:	 	 

  

					
	STATE OF	 	  
	  	§
	 	 	 	  	§
	COUNTY OF	 	  
	  	§

 This instrument was acknowledged before me on this
            day of     , 20    , by                 , as
             of             , on behalf of said             . 

[S E A L] 
  

			
	Notary Public, State of	 	          

	
	  

			
	Printed Name of Notary	 	

 
			
		
	My Commission Expires:	 	          

  

  
 Exh. A to Addendum - 4

 

 
 EXHIBIT A TO DEED DESCRIPTION OF PROPERTY Description of Land PARCEL 1: Harris County, All that Texas, certain 5.3500 and being acre the
tract same of land properly located as in described the W. K. in Hamblin that certain Survey, Warranty Abstract Deed No. dated 317, Public August Records 29,1980, of from Real Lester Property Gerry of Harris States, County, Trustee, Texas, to Oyo
under Investment Hai-ris Inc. County , filed Clerk’s for record File No. in the G659428. Official PARCEL 2: .1x3782 ACRE-TRACT ALL OF THAT CERTAIN 1.3702 ACRE TRACT OF LAND LOCATED IN THE W.K. HAMBLIN SURVEY, ABSTRACT NO. 317. HARRIS COUNTY.
TEXAS. ALSO BEING OUT OF AND A PART OF RESERVE ‘D\ BLOCK FOUR (4), BROOKHOLLOW WEST, SECTION THREE (3), A SUBDIVISION OF WHICH A MAP OR PLAT IS RECORDED AS. IN VOLUME 211, PAGE 55. OF THE MAP RECORDS OF HARRIS COUNTY, TEXAS, SAID 1.3762 ACRE
TRACT OF LAND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS; COMMENCING AT A 5/8 INCH IRON ROD FOUND AT THE NORTH END OF THE CUT-BACK UNE IN THE EAST RIGHT-OF-WAY LINE OF GESSNER RÛAD. BASED ON A WIDTH OF 100 FEET. AT ITS
INTERSECTION WITH THE NORTH RIGHT-OF-WAY UNE OF GULFBANK DRIVE; THENCE NORTH 02 DEGREES 13 MINUTES 19 SECONDS WEST. ALONG AND WITH THE SAID EAST RIGHT-OF- WAY UNE OF GESSNER ROAD AT 191.62 FEET FOUND A 5/8 INCH IRON ROD ON LINE FOR A NORTHEAST
CORNER OF BROOKHOLLOW WEST. SECTION 2. A SUBDIVISION OF WHICH A MAP OR PLAT IS RECORDED IN VOLUME 208, PAGE 72, OF THE MAP RECORDS OF HARRIS COUNTY. TEXAS. IN ALL A TOTAL DISTANCE OF 829.26 FEET(CALLED) TO A 5/3 INCH IRON ROD SET FOR THE SOUTHWEST
CORNER AND PLACE OF BEGINNING OF THE HEREIN DESCRIBED TRACT; THENCE NORTH 02 DEGREES 13 MINUTES 19 SECONDS WEST, CONTINUING WITH THE SAID EAST RIGHT-OF- WAY LINE OF GESSNER ROAD. A TOTAL DISTANCE OF 87.12 FEET TO A FOUND 1/2 INCH IRON ROD IN
CONCRETE AT THE NORTHWEST CORNER OF THE HEREIN DESCRIBED TRACT; THENCE NORTH 67 DEGREES 46 MINUTES 41 SECONDS EAST, PÊRPEN0ICULAR TO THE BAJO EAST RIGHT- OF-WAY LINE OF GESSNER ROAD. A DISTANCE OF 68156 FEET TO A CAPPED 5/8 INCH IRON ROD FOUND
IN THE SOUTHERLY RIGHT-OF-WAY UNE OF WHITE OAK BAYOU DRAINAGE EASEMENT BEING THE NORTHEAST CORNER OF THE HEREIN DESCRIBED TRACT OF LAND; THENCE SOUTH 34 DEGREES 31 MINUTES 11 SECONDS EAST, CONTINUING ALONG AND WITH THE SAID SOUTHERLY RIGHT-OF-WAY
LINE OF WHUE OAK BAYOU. A TOTAL DISTANCE OF 103.07 FEET TO A 5/8 INCH IRON ROD SET FOR THE EAST CORNER OF THE HEREIN DESCRIBED TRACT; THENCE SOUTH 87 DEGREES 48 MINUTES 41 SECONDS WEST. PERPENDICULAR TO THE SAID EAST RIGHT- OF-WAY LINE OF GESSNER
ROAD. A TOTAL DISTANCE OF 716.61 FEET TO THE PLACE OF BEGINNING AND CONTAINING 1.3782 ACRES (60.033 SQUARE FEET) OF LAND, MORE OR LESS. Exh. A to Addendum - 5 

  
 Exh. A to Addendum - 5

 EXHIBIT B TO DEED 

PERMITTED ENCUMBRANCES 

[INSERT PERMITTED ENCUMBRANCES PROVIDED IN PARAGRAPH 10.C] 
  

	 	1.	 

After Recording, Return to:      
  

	
	  

	
	   

	
	  

  

  
 Exh. A to Addendum - 6

 EXHIBIT B TO ADDENDUM 

BILL OF SALE 
 KNOW ALL
MEN BY THESE PRESENTS, that GTC, INC., a Texas corporation (“Seller”), for good and valuable consideration paid by                 
(“Buyer”), hereby sells to Buyer, its successors and assigns, (i) the appliances, fixtures, equipment, machinery, furniture, carpet, drapes and other personal property, if any (collectively, the “Personal
Property”), owned by Seller and located on or about the real property in Harris County, Texas more particularly described on Exhibit A attached hereto and made a part hereof, including, without limitations, the Personal Property more
particularly referred to in Schedule A attached hereto. 
 TO HAVE AND TO HOLD the same unto Buyer, its successors and assigns to and
for its own use and behalf forever. 
 Buyer agrees to pay all sales taxes payable by reason of the transfer to Buyer of said Personal
Property. 
 This Bill of Sale shall be without representation or warranty by, and without recourse to, Seller. 

This Bill of Sale may be executed in any number of counterparts, including by facsimile or electronic mail, with the same effect as if all
parties hereto had executed the same document and delivery by facsimile or other electronic means shall be deemed an original; such counterparts shall together constitute but one agreement. 

In any action brought to enforce the obligations of Seller under this Bill of Sale, the judgment or decree shall be subject to that certain
Commercial Contract – Improved Property, dated as of             , 2019, between Seller, Buyer and Stewart Title Insurance Company. 

[Signatures appear on the following page.] 
  

  
 Exh. B to Addendum -1

 IN WITNESS WHEREOF, Seller and Buyer have caused these presents to be signed by their
duly authorized officers as of ______________, 2019. 
  

			
	BUYER:	 	
	
	Harmony Public Schools, a Texas non-profit corporation
		
	By:	 	  

	Name:	 	Umit Alpaslan
	Title:	 	Deputy Superintendent of Schools
		
	SELLER:	 	
	
	GTC, Inc., a Texas corporation
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

  
 Exh. B to Addendum -2

 EXHIBIT C TO ADDENDUM 

FIRPTA AFFIDAVIT 
 To
inform                      (“Transferee”), that withholding of tax under Section 1445 of the Internal Revenue Code of 1986, as
amended (the “Code”), will not be required upon the transfer of certain real property to Transferee by                     
(“Transferor”), the undersigned hereby certifies the following on behalf of Transferor: 
  

	 	1.	 Transferor is not a foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms
are defined in the Code and the Income Tax Regulations promulgated thereunder); 

  

	 	2.	 Transferor’s office address is
                    , Attention:
                    ; and 

  

	 	3.	 Transferor’s U.S. employer identification number is
                    . 

Transferor understands that this Certification may be disclosed to the Internal Revenue Service by Transferee and that any false statement
contained herein could be punished by fine, imprisonment, or both. 
 Under penalty of perjury I declare that I have examined this
Certification and to the best of my knowledge and belief it is true, correct and complete, and I further declare that I have authority to sign this document on behalf of Transferor. 

Dated: _________________ 
  

			
	
	TRANSFEROR:
	
	
                          
                                         
             ,

a__________________________

 
			
		
	By:	 	  

 
			
		
	Name:	 	  

		
	Title:	 	  

  

  
 Exh. C to Addendum 

 EXHIBIT D TO ADDENDUM 

OWNER’S AFFIDAVIT 

[SUBJECT TO APPROVAL BY TITLE COMPANY] 

The undersigned deponent (the “Undersigned”), having personally appeared before the undersigned notary public and first
having been duly sworn according to law says under oath as follows: 
  

	 	1.	 The Undersigned is presently the Vice President and CFO of GTC, INC., a Texas corporation (the
“Seller”) with respect to the parcels of real estate described on Exhibit A attached hereto and made a part hereof, together with all improvements, easements and appurtenances related thereto (the
“Property”). In the aforesaid capacity, the Undersigned’s involvement in the Property is such that he would know of the details of the matters inquired of below. 

 

	 	2.	 As used in this affidavit, the phrase “to the knowledge of Seller” shall mean the actual knowledge of
the Undersigned, in his capacity as an officer of Seller, and to no member, officer, agent, or employee of Seller. There shall be no personal liability on the part of the Undersigned. 

 

	 	3.	 To the knowledge of Seller, the facts sworn to in this affidavit are true and correct. 

 

	 	4.	 To the knowledge of Seller, the Property is not subject to any purchase options. 

 

	 	5.	 To the knowledge of Seller, (i) the Property is not subject to any leases, except for the existing lease
between Seller and Buyer, which lease shall be terminated as of the consummation of the contemplated transaction, and (ii) there are no parties in possession of the Property other than the Buyer pursuant to the terms of the aforesaid lease.

  

	 	6.	 To the knowledge of Seller, except for obligations incurred for routine and ordinary maintenance and operations
of the Property, during the past 150 days, no materials have been delivered and no work has been performed on the Property that has not been paid in the ordinary course. To the knowledge of Seller, all labor and materials in the construction of
improvements on the Property have been paid. Seller has received no written claims for unpaid labor or materials against the improvements or the Property upon which same are situated. 

 

	 	7.	 To the knowledge of Seller, no brokers other than Caldwell Brokerage Company, LLC and CBRE, Inc., have been
engaged in connection with the sale of the Property. 

  

	 	8.	 The Undersigned has not and will not from
                     to the Date of Closing (the date of the Settlement Statement) execute any instrument that would adversely affect the title to or
the interest of Seller in the Property prior to the recordation of the documents applicable to this transaction that has not been consented to by
                    , a 

  

  
 Exh. D to Addendum - 1

	 	
                     (“Buyer”), or otherwise shown in that certain title
commitment no.                      with an effective date of
                    . 

  

	 	9.	 This affidavit is made to induce Stewart Title Insurance Company to issue an owner’s title insurance
policy insuring the interest of Buyer in the Property and may not be relied on by any other parties without the express written consent of Seller. 

  

	 	10.	 The Undersigned has the authority to make and execute this affidavit on behalf of Seller, which has the
authority to make this affidavit and the statements contained herein. 

  

			
	SELLER:	 	
	
	 GTC, INC.,
 a Texas
corporation

 
			
		
	By:	 	 

 
			
		
	Name:	 	Thomas T. McEntire
		
	Title:	 	Vice President and CFO

  

					
	THE STATE OF TEXAS	  	)	  	
		  	)	  	SS
	COUNTY OF HARRIS	  	)	  	

 Sworn to and subscribed before me this 

            day of
                , 2018. 
  

	
	  

 Notary Public 
 [NOTARY SEAL]

  

  
 Exh. D to Addendum - 2

 

 
 EXHIBIT B LEGAL DESCRIPTION (TO COMMERCIAL CONTRACT - IMPROVED PROPERTY) PARCEL 1: Harris County, All that Texas, certain 5.3500 and
being acre the tract same of land properly located as in described the W. K. in Hamblin that certain Survey, Warranty Abstract Deed No. dated 317, Public August Records 29,1980, of from Real Lester Property Gerry of Harris States, County, Trustee,
Texas, to Oyo under Investment Ha,-ris Inc. County , filed Clerk’s for record File No. in the G659428. Official PARCEL 2: 1.3782 ACRE TRACT ALL OF THAT CERTAIN 1.3762 ACRE TRACT OF LAND LOCATED IN THE W.K. HAMBLIN SURVEY, ABSTRACT NO. 317,
HARRIS COUNTY. TEXAS, ALSO BEING OUT OF AND A PART OF RESERVE *0*, BLOCK FOUR (4), BROOKHOLLOW WEST, SECTION THREE (3), A SUBDIVISION OF WHICH A MAP OR PLAT IS RECORDED AS. IN VOLUME 211, PAGE 55. OF THE MAP RECORDS OF HARRIS COUNTY, TEXAS, SAID
1.3782 ACRE TRACT OF LAND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS; COMMENCING AT A 5/8 INCH IRON ROD FOUND AT THE NORTH END OF THE CUT-BACK UNE IN THE EAST RIGHT-OF-WAY LINE OF GESSNER RÛAD. BASED ON A WIDTH OF 100
FEET, AT ITS INTERSECTION WITH THE NORTH RIGHT-OF-WAY LINE OF GULFBANK DRIVE; THENCE NORTH 02 DEGREES 13 MINUTES 19 SECONDS WEST. ALONG ANO WITH THE SAID EAST RIGHT-OF- WAY UNE OF GESSNER ROAD AT 191.62 FEET FOUND A 5/8 INCH IRON ROD ON LINE FOR A
NORTHEAST CORNER OF BROOKHOLLOW WEST. SECTION 2, A SUBDIVISION OF WHICH A MAP OR PLAT IS RECORDED IN VOLUME 208, PAGE 72, OF THE MAP RECORDS OF HARRIS COUNTY. TEXAS. IN ALL A TOTAL DISTANCE OF 629.28 FEET(CALLED) TO A 5/8 INCH IRON ROD SET FOR THE
SOUTHWEST CORNER AND PLACE OF BEGINNING OF THE HEREIN DESCRIBED TRACT; THENCE NORTH 02 DEGREES 13 MINUTES 19 SECONDS WEST, CONTINUING WITH THE SAID EAST RIGHT-OF- WAY LINE OF GESSNER ROAD. A TOTAL DISTANCE OF 87.12 FEET TO A FOUND 1Z2 INCH IRON ROD
IN CONCRETE AT THE NORTHWEST CORNER OF THE HEREIN DESCRIBED TRACT; THENCE NORTH 67 DEGREES 46 MINUTES 41 SECONDS EAST, PERPENDICULAR TO THE SAID EAST RIGHT- OF-WAY LINE OF GESSNER ROAD. A DISTANCE OF 681.55 FEET TO A CAPPED 5/8 INCH IRON ROD FOUND
IN THE SOUTHERLY RIGHT-OF-WAY UNE OF WHITE OAK BAYOU DRAINAGE EASEMENT BEING THE NORTHEAST CORNER OF THE HEREIN DESCRIBED TRACT OF LAND; THENCE SOUTH 34 DEGREES 31 MINUTES 11 SECONDS EAST, CONTINUING ALONG AND WITH THE SAID SOUTHERLY RIGHT-OF-WAY
LINE OF WHITE OAK BAYOU. A TOTAL DISTANCE OF 103.07 FEET TO A 5/8 INCH IRON ROD SET FOR THE EAST CORNER OF THE HEREIN DESCRIBED TRACT; THENCE SOUTH 87 DEGREES 46 MINUTES 41 SECONDS WEST. PERPENDICULAR TO THE SAID EAST RIGHT- OF-WAY LINE OF GESSNER
ROAD, A TOTAL DISTANCE OF 716.61 FEET TO THE PLACE OF BEGINNING AND CONTAINING 1.3782 ACRES (60,033 SQUARE FEET) OF LAND. MORE OR LESS. Exh. B - 1 

  
 Exh.B - 1

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