Document:

EXHIBIT 10.19

 

AMENDED
AND RESTATED AGREEMENT FOR

 PURCHASE AND SALE OF REAL PROPERTY

 

THIS
AMENDED AND RESTATED AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY (this “Agreement”) is made as of July 2,
2012, by and between LADDER CAPITAL FINANCE LLC and/or its assignee as permitted under this Agreement (the “Buyer”),
and RSBR INVESTMENTS, LLC, RBA INVESTMENTS, LLC and OVERLAND PROPERTIES, LLC (individually and collectively,
the “Seller”).

 

WHEREAS,
pursuant to the terms of that certain Agreement for Purchase and Sale of Real Property, dated as of March 27, 2012 (the “First
Purchase Agreement”), executed by and between Seller and Buyer, Buyer agreed to purchase from Seller and Seller agreed to
sell to Buyer, certain properties, as more particularly described in the First Purchase Agreement;

 

WHEREAS,
pursuant to the terms of that certain Agreement for Purchase and Sale of Real Property, dated as of April 20, 2012 (the “Second
Purchase Agreement”), executed by and between Seller and Buyer, Buyer agreed to purchase from Seller and Seller agreed to
sell to Buyer, certain properties, as more particularly described in the Second Purchase Agreement;

 

WHEREAS,
Seller desires to sell to Buyer and Buyer desires to purchase from Seller certain additional Properties, as more particularly described
herein, upon the terms, covenants and provisions of this Agreement;

 

WHEREAS,
Seller and Buyer mutually desire to combine the First Purchase Agreement and Second Purchase Agreement into a single agreement
and to amend and restate in their entirety the First Purchase Agreement and the Second Purchase Agreement, to provide for, among
other things, the inclusion of additional Properties, a change in the Purchase Price and modification to the Examination Periods,
all as hereinafter set forth.

 

NOW,
THEREFORE, in consideration of the mutual promises and covenants contained herein, and for other good and valuable consideration,
the parties hereto do hereby amend and restate the First Purchase Agreement and the Second Purchase Agreement in their entirety
as set forth herein and hereby agree as follows:

 

Section
1.      Terms and Definitions: The terms listed below shall have the respective meaning given them as set forth adjacent
to each term.

 

(a)          “Seller’s
Broker” shall mean Park Manor Capital Partners, acting as Seller’s agent.

 

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(b)          “Buyer’s
Agent” shall mean Park Manor Capital Partners, acting as Buyer’s agent.

 

(c)          “Closing”
shall mean the consummation of the transaction contemplated herein as more particularly described in Section 10 hereof.

 

(d)          “Earnest
Money” shall mean Five Hundred Thousand and No/Cents ($500,000.00) Dollars, Seller and Buyer each acknowledge and
agree that Three Hundred Thousand and 00/100 ($300,000.00) Dollars has heretofore been delivered to Escrow Agent (as hereinafter
defined) and is currently being held in escrow by Escrow Agent pursuant to Section 8 hereof. Buyer shall deliver to Escrow Agent,
within two (2) business days after the execution and delivery by both parties of this Agreement an additional Two Hundred Thousand
and 00/100 ($200,000.00) Dollars in cash or certified or bank cashier’s check, or in a confirmed wire transfer of funds
to be held in escrow by Escrow Agent pursuant to Section 8 hereof. Seller and Buyer shall share equally in the responsibility
for paying any reasonable escrow fees charged by the Escrow Agent. Hereinafter, the term “Earnest Money” shall be
deemed to include all interest accrued thereon.

 

(e)          “Delivery
Date” shall have the meaning ascribed to it in the Lease. Seller
shall notify Buyer upon the occurrence of the Delivery Date, and shall deliver to Buyer the Evidence of Completion (as defined
in the Lease), with respect to each Property.

 

(f)          “Examination
Period(s)” shall mean, with respect to each individual Property, the period of time commencing on the date hereof
and expiring thirty (30) days after the later of: (i) the Delivery Date; (ii) the Commencement Date (as defined in the Lease);
(iii) the date Tenant opens for business to the public on such Property (the “Property Opening Date”), and (iv)
the date Buyer receives the Due Diligence Certification (as defined in Section 6(b) hereof) with respect to a particular Property.
Notwithstanding the foregoing, Seller and Buyer acknowledge and agree that the Examination Period for the Properties located in
Edinburg, Texas, Farmington, New Mexico, Hawk Point, Missouri and Rocky Mount, Missouri commenced on June 6, 2012 and shall expire
on July 30, 2012.

 

(g)          “Lease”
shall mean individually, and “Leases” shall mean collectively, the applicable lease between
Dollar General (the “Tenant’) and a Seller, as more particularly described on Schedule 2 attached
hereto and made a part hereof .

 

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(h)          “Property”
shall mean, individually and “Properties” shall mean collectively: (a) those certain parcels
of real property owned in fee by Seller at the locations set forth on Schedule 1 attached hereto and incorporated
herein by this reference (the “Real Property”) together with all buildings, facilities and other improvements
located thereon (collectively, the “Improvements”); (b) all right, title and interest of a Seller under
its respective Lease with Tenant; (c) all right, title and interest of a Seller in all machinery, furniture, equipment and items
of personal property of a Seller attached or appurtenant to, located on or used in the ownership, use, operation or maintenance
of the Property or the Improvements (collectively, the “Personalty”): (d) all right, title and interest
of a Seller, if any, to any unpaid award for (1) any taking or condemnation of its Property or any portion thereof, or (2) any
damage to the Property or the Improvements by reason of a change of grade of any street or highway; (e) all easements, licenses,
rights and appurtenances relating to any of the foregoing: and (f) all right, title and interest of Seller in and to any warranties,
tradenames, logos (including any federal or state trademark or tradename registrations), or other identifying name or mark now
used in connection with the Real Property and/or the Improvements (the “ Intangible Property ”).

 

(i)          “Purchase
Price” shall mean the aggregate sum of Eighty-Two Million Six Hundred Eighty-Three Thousand Eight Hundred Forty-Seven
and 58/100 ($82,683,847.58) Dollars, allocated in accordance with Schedule 1 attached hereto and made a part hereof (subject,
however, to an adjustment reducing the Purchase Price by the amount that is allocated to a Property as set forth on Schedule
1 to the extent a Property is rejected by Buyer during an Examination Period or is otherwise removed or rejected in accordance
with the terms of this Agreement), payable by certified or bank cashier’s check or in a confirmed wire transfer of funds
at a Closing,

 

(j)         
“Seller’s Notice Address” shall be as follows, except as same may be changed pursuant to the Notice
section herein:

 

Rod
Hamby

RSBR
Investments, LLC

1898
Imperial Center

West
Plains, MO 65775

 

And
to:

 

Jacob
W. Stauffer

 

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Stauffer
Law Firm, LLC

204
West Main St.

West
Plains, MO 65775

stauffer@stauffer-law.com

jacobstauffer@theoverlandgroup.com

 

(k)       
“Buyer’s Notice Address” shall be as follows, except as same may be changed pursuant to the Notice
section herein:

 

David
Traitel

Ladder
Capital Finance LLC

345
Park Avenue, 8th Floor

New
York, NY 10154

Tel. No.: (212) 715-3143

E-mail:
David.Traitel@laddercapital.com

 

And
to:

 

Michael
Comparato

Ladder
Capital Finance LLC

345
Park Avenue, 8th Floor

New
York, NY 10154

Tel.
No.: (212)715-3164

E-mail:
Michael.Comparato@laddercapital.com

 

And
to:

 

Pamela
McCormack

Ladder
Capital Finance LLC

 345 Park Avenue, 8th Floor

New
York NY10154

Tel.
No.: (212) 715-3170

E-mail:
Pamela.McCormack@laddercapital.com

 

(1)        “Title
Insurer” and “Escrow Agent” shall mean in all instances Commonwealth/Lawyers Land Title Insurance Corporation,
Two Grand Central Tower, 140 East 45th Street, 22nd Floor, New York, NY 10017, Attention: Liane Carpenter (LCarpenter@cltic.com).

 

(m)        “Seller
Guarantor” shall mean (i) with respect to RSBR Investments, LLC, either Bruce Grisham, Rod Hamby, RB Grisham or Sid
Aultman; (ii) with respect to RBA Investments, LLC, either RB Grisham or Amy Grisham; and (iii) with respect to Overland Properties,
LLC, either Bruce Grisham or Rod Hamby.

 

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Section
2.      Proration of Expenses and Payment of Costs and Recording Fees. Seller and Buyer agree
that all rents, utility charges (to the extent not payable directly to the utility supplier by Tenant), and real estate taxes
and assessments (to the extent not payable directly to the taxing authority by Tenant) shall be prorated on a calendar-year basis
as of the date of Closing; provided, however, that rent shall only be pro-rated to the extent paid. If Closing shall occur before
the actual real estate taxes and special assessments payable during such year are known, the apportionment of such taxes and assessments
shall be upon the basis of the real estate taxes and assessments for the applicable Property payable during the immediately preceding
year; provided that, if the real estate taxes and assessments payable during the year in which Closing occurs are thereafter determined
to be more or less than the real estate taxes and assessments payable during the preceding year, Seller and Buyer promptly shall
adjust the proration of such taxes and assessments, and Seller or Buyer, as the case may be, shall pay to the other any amount
required as a result of such adjustment and this covenant shall not merge with the Deed for the applicable Property delivered
hereunder but shall survive the Closing, To the extent applicable, Seller shall, to the extent not payable directly by Tenant,
be responsible for the payment of all municipal license taxes, if any, payable during the calendar year in which the Closing occurs
and corresponding to any period prior to the date that Tenant became obligated to pay such amounts. At Closing: (a) Buyer shall
pay: (i) the premium and related charges for owner’s title insurance policy to be issued to Buyer; (ii) the recording fees
necessary to record the deed and mortgage documents at the register of deeds office where the Property is located; and (iii) one
half of any escrow fees charged by the Escrow Agent in connection with this transaction; and (b) Seller shall pay: (i) the transfer,
excise and/or documentary tax/stamps in connection with the recording of the deed at the register of deeds office where the applicable
Property is located and; (ii) the recording fees necessary to record the discharges of any liens of record or other instruments
necessary to convey title to the Property to Buyer in accordance with this Agreement; and (iii) one half of any escrow fees charged
by the Escrow Agent in connection with this transaction. Buyer shall be responsible for the cost of its own survey, environmental
reports and due diligence investigations. Seller and Buyer shall be responsible for their own attorney’s fees

 

Section
3.        Sale of Property. Subject to the terms of this Agreement, Seller agrees to sell each Property
to Buyer for the Purchase Price set forth above.

 

Section
4.       Payment of Purchase Price. Buyer shall pay a portion of the Purchase Price to Seller at
each Closing, in the amount allocated to a particular Property as set forth in Schedule 1. and in accordance with all of
the terms and conditions of this Agreement.

 

Section
..5.       Title. At each Closing, Seller agrees to convey to Buyer fee simple marketable
title to the applicable Property by bargain and sale deed, in each instance free and clear of all liens, defects of title, and
encumbrances except for the Lease, taxes for

 

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the
current year and subsequent years not yet due and payable, and other exceptions set forth in the Title Report (as defined below)
which Seller does not agree to cure under Section 6(a) herein (or is deemed to not agree to cure) and which Buyer waives as an
Objection pursuant to said Section 6(a), other than those exceptions Seller is obligated to cure pursuant to Section 6(a) below
(collectively, the “Permitted Exceptions”).

 

Section
6.        Examination of Property. Seller and Buyer hereby agree as follows:

 

(a)
   Title and Survey Examination. Within five (5) business days after the commencement of an Examination
Period for a particular Property, Buyer shall order a title report for each Property (the “Title Report”) from
the Title Insurer and a survey of each Property. Seller shall notify Buyer promptly after all of the Improvements on a particular
Property have been substantially completed in order to provide Buyer with the necessary time to have an ALTA survey prepared during
the applicable Examination Period. Buyer shall furnish to Seller a copy of the Title Report and the survey for a particular Property
on or prior to the expiration of the applicable Examination Period (each, a “Title Review Period”), together
with a statement specifying any defects in title and/or the survey for a particular Property (the “Objections”).
Seller shall notify Buyer within ten (10) days after Seller’s receipt of the Objections whether Seller will cure the Objections.
If a Seller does not respond within said ten (10)-day period, Seller shall be deemed to have elected to not cure the Objections.
If Seller does not agree (or is deemed to not agree) to cure the Objections for any particular Property, Buyer shall have the right,
by notice given to Seller and Title Insurer at any time prior to Closing, either to: (a) waive the Objections with respect to any
such Property and close title without abatement or reduction of the Purchase Price applicable to such Property; or (b) terminate
this Agreement as to only the subject Property. If Buyer elects to terminate this Agreement as to one or more of the Properties
pursuant to this Section 6(a), then: (i) this Agreement shall be deemed terminated as to any such rejected Property and neither
party shall have any further rights, obligations or liabilities with respect to such rejected Property, except with respect to
any obligations that expressly survive termination of this Agreement as contained herein; and (ii) there shall be a reduction in
the Purchase Price payable by Buyer at Closing by the amount allocated to the Property designated for removal from this transaction
as shown on Schedule 1 hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event shall any
of the following exceptions be a Permitted Exception and Seller shall be required to provide information and evidence to satisfy
Title Insurer’s standard requirements as to Seller’s authority and standard title affidavits and shall be required
to cure on or before the Closing: (i) any monetary liens or encumbrances against its Property (including, without limitation, all
mortgages, mechanics liens, tax liens and judgments); (ii) all unpaid real estate taxes and water charges; and (iii) any encumbrances
against title which are created by or through a Seller after the date of this Agreement.

 

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(b)   
Examination. Seller shall provide to Buyer: (i) upon execution of this Agreement, copies of the following documents and
materials pertaining to each Property to the extent within Seller’s possession or readily obtainable by Seller: a title commitment/policy;
copies of title exception documents; ALTA survey; site plans and specifications; architectural plans; environmental/hazardous material
reports; soils reports; governmental permits/approvals; zoning information; real property tax and assessment information; utility
letters; copies of the Leases and copies of all correspondence related to the Leases; any documents required to be delivered by
Seller to Buyer pursuant to Section 11 hereof; and any other documents relating to a Property reasonably requested by Buyer; (ii)
upon execution of this Agreement, a copy of the certificate of formation of Seller, a copy of the operating agreement of Seller,
an incumbency certificate for Seller, and a W-9 of Seller; and (iii) upon the occurrence of the Delivery Date for each Property,
the Evidence of Completion (as defined in the Lease) (collectively, the “Due Diligence Materials”). Upon delivery
to Buyer of all of the Due Diligence Materials applicable to a particular Property, Seller shall deliver a written certification
to Buyer stating that all of the Due Diligence Materials applicable to a Property has been delivered to Buyer (the “Due
Diligence Certification”). Throughout the term of this Agreement, Buyer, its agents and designees, shall have the right
to enter each Property for the purposes of inspecting each Property, conducting soil tests, environmental studies, and making surveys,
mechanical and structural engineering studies, inspecting construction, and conducting any other investigations and inspections
as Buyer may reasonably require to assess the condition and suitability of each Property; provided, however, that such activities
by or on behalf of Buyer on a Property shall not damage such Property nor interfere with construction on the Property or the conduct
of business by Tenant other than to a de minimis extent; and provided further, however, that Buyer shall indemnify and hold Seller
harmless from and against any and all claims or damages to the extent resulting from the activities of Buyer on each Property,
provided, however, in no event shall Buyer be responsible or liable in any way for any pre-existing conditions, including any hazardous
materials discovered during its inspections of a Property, and Buyer shall repair any and all damage caused, in whole or in part,
by Buyer and return each Property to substantially the same condition that existed prior to such damage, which obligation shall
survive Closing or any termination of this Agreement. Buyer shall give Seller reasonable written notice (which in any event shall
not be less than one (1) business day, or such other period of time as required under the Lease) before entering each Property.
Seller may have a representative present during any and all examinations, inspections and/or studies on a Property. Buyer shall
have the unconditional right, for any reason or no reason at all, to terminate this Agreement as to one or more of the Properties
by giving written notice thereof to Seller at any time prior to 5:00 p.m. Eastern Standard Time on the last day of the Examination
Period applicable to a particular Property, in which event: (i) this Agreement shall be deemed terminated as to any such rejected
Property and neither party shall have any further rights, obligations or liabilities with respect to such rejected Property, except
with respect to any obligations that expressly survive termination of this Agreement as contained herein; and (ii) there

 

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shall
be a reduction in the Purchase Price payable by Buyer at Closing by the amount allocated to the Property designated for removal
from this transaction as shown on Schedule 1 hereof. If Buyer does not elect to terminate this Agreement as to any one or
more Properties prior to the expiration of the applicable Examination Period, Buyer conclusively shall be deemed to have waived
its right to terminate this Agreement pursuant to this Section 6(b) with respect to such particular Property. Notwithstanding anything
to the contrary contained in this Agreement, amendments to this Agreement to extend an Examination Period may be agreed in writing
or email transmission by each party or each party’s respective attorney and any notices to terminate this Agreement pursuant
to this Section 6(b) may be given by Buyer or Buyer’s attorney by email transmission to Seller and/or Seller’s attorney,
provided, however, any notice of termination given by email transmission shall be deemed delivered and effective upon the date
sent by the Party, provided however the such email notice shall also be sent by one of the means set forth in Section 15 of this
Agreement.

 

(c)    Tenant
Estoppel Certificate. Prior to a Closing, Seller shall obtain an original estoppel certificate from Tenant substantially
in the form of Exhibit F attached hereto (the “Tenant Estoppel”) with respect to each Lease and deliver
a copy of same to Buyer. Each Tenant Estoppel must not assert any defaults, offsets, defenses, punchlist items or claims under
the Lease and shall state that all of the obligations of Seller relating to the construction of the premises leased by Tenant
under such Lease have been satisfied (including, without limitation, the completion of all offsite improvements, punchlist items
and the payment of any tenant improvement allowances). In addition, the business terms of each Tenant Estoppel must be in accordance
with the applicable Lease and consistent with Seller representations set forth in Section 11 of this Agreement. Seller shall also
obtain, within ten (10) business days prior to a Closing, an updated Tenant Estoppel from Tenant for the Property that is closing,
which shall be dated not more than thirty (30) days before Closing. Seller agrees to reasonably cooperate with Buyer and request
reasonable modifications to the Tenant Estoppel attached hereto as Exhibit F.

 

(d)    Subordination,
Non-Disturbance. Within two (2) business days following the Property Opening Date of the applicable Property, Seller shall
request an original subordination, non-disturbance agreement from Tenant substantially in the form of Exhibit G attached
hereto (the “SNDA”) with respect to the applicable Lease. Within the timeframe specified in each Lease, Seller
shall obtain each SNDA from Tenant and deliver a copy of same to Buyer.

 

Section
7.       Risk of Loss/Condemnation.

 

(a)    Casualty.
Until Closing, the risk of loss or damage to each Property shall be borne by Seller. Upon an occurrence of a casualty affecting
a Property, Seller shall promptly notify Buyer in writing of same. In the event all or any portion of a Property is damaged in
any casualty, Buyer may elect to terminate this Agreement as to the affected Property by providing written notice of such termination
to Seller within ten (10)

 

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business
days after Buyer’s receipt of notice of such casualty, upon which termination: (i) Agreement shall be deemed terminated as
to any such removed Property and neither party shall have any further rights, obligations or liabilities with respect to such removed
Property, except with respect to any obligations that expressly survive termination of this Agreement as contained herein; and
(ii) there shall be a reduction in the Purchase Price payable by Buyer at Closing by the amount allocated to the Property designated
for removal from this transaction as shown on Schedule 1 hereof. If Buyer does not elect to terminate this Agreement there
shall be no abatement of the Purchase Price and Seller shall: (i) as to any casualty insured by Tenant and in respect of which
Tenant has a restoration obligation, enforce such Tenant’s obligations pursuant to the applicable Lease, or (ii) as to any
casualty for which Seller is carrying insurance or is entitled to receive insurance proceeds from Tenant, Seller shall restore
the damaged portion of the applicable Property, and in each case the Examination Period with respect to such Property shall re
commence upon the completion of such restoration and Tenant reopening for business to the public therein.

 

(b)    Condemnation.
Upon an occurrence of a condemnation or taking affecting a Property, Seller shall promptly notify Buyer in writing of same.
In the event all or any portion of a Property is condemned or taken (or notice of any condemnation or taking is issued), then
Buyer may elect to terminate this Agreement as to the Property affected by such condemnation or taking by providing written notice
of such termination to Seller within ten (10) business days after Buyer’s receipt of notice of such condemnation
or taking, upon which termination: (i) this Agreement shall be deemed terminated as to any such removed Property and neither party
shall have any further rights, obligations or liabilities with respect to such removed Property, except with respect to any obligations
that expressly survive termination of this Agreement as contained herein; and (ii) there shall be a reduction in the Purchase
Price payable by Buyer at Closing by the amount allocated to the Property designated for removal from this transaction as shown
on Schedule 1 hereof. If Buyer does not elect to cancel this Agreement as aforesaid, there shall be no abatement of the
Purchase Price and Seller shall assign to Buyer at the Closing the rights of Seller to the awards, if any, for the condemnation
or taking, and Buyer shall be entitled to receive and keep all such awards.

 

Section
8.       Earnest Money Disbursement. The Earnest Money shall be held by the Escrow Agent, in trust as
escrow agent (“Escrow Agent”), and disposed of only in accordance with the following provisions:

 

(a)    The
Escrow Agent: (i) shall invest the Earnest Money in a JP Morgan Chase interest bearing money market account reasonably satisfactory
to both Buyer and Seller; (ii) shall not commingle the Earnest Money with any funds of the Escrow Agent or others; and (iii) shall
promptly provide Buyer and Seller with confirmation of the investments made.

 

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(b)     The
Earnest Money shall be applicable to the Purchase Price and shall be applied at the last Closing under this Agreement. Notwithstanding
the foregoing, if Buyer does not Close on the last remaining Property and terminates this Agreement with respect to such last remaining
Property, then the Earnest Money shall be returned to Buyer.

 

(c)     If
either Buyer or Seller makes a written demand (the “Demand”) upon the Escrow Agent for payment of the Earnest
Money, the Escrow Agent shall give written notice to the other party of the Demand within one (1) business day after receipt of
the Demand. If the Escrow Agent does not receive a written objection from the other party to the proposed payment within five (5)
business days after the giving of such notice by Escrow Agent, the Escrow Agent is hereby authorized to make the payment set forth
in the Demand. If the Escrow Agent does receive such written objection within such five (5) business day period, the Escrow Agent
shall continue to hold such amount until otherwise directed by written instructions signed by Seller and Buyer or a final judgment
of a court,

 

(c)    The
parties acknowledge that the Escrow Agent is acting solely as a stakeholder at their request and for their convenience, that the
Escrow Agent shall not be deemed to be the agent of either of the parties, and that the Escrow Agent shall not be liable to either
of the parties for any action or omission on its part taken or made in good faith, and not in disregard of this Agreement, but
shall be liable for its negligent acts and for any liabilities (including reasonable attorneys’ fees, expenses and disbursements)
incurred by Seller or Buyer resulting from the Escrow Agent’s mistake of law respecting the Escrow Agent scope or nature
of its duties. Seller and Buyer shall jointly and severally indemnify and hold the Escrow Agent harmless from and against all liabilities
(including reasonable attorneys’ fees, expenses and disbursements) incurred in connection with the performance of the Escrow
Agent’s duties hereunder, except with respect to actions or omissions taken or made by the Escrow Agent in bad faith, in
disregard of this Agreement or involving negligence on the part of the Escrow Agent. The Escrow Agent has executed this Agreement
in the place indicated on the signature page hereof in order to confirm that the Escrow Agent has received and shall hold the Earnest
Money in escrow, and shall disburse the Earnest Money pursuant to the provisions of this Section 8.

 

Section
9.        Default

 

(a)    If
Buyer defaults in any of its obligations undertaken in this Agreement and fails to cure such default within ten (10) days after
notice from Seller specifying in reasonable detail the nature of such default, Seller shall be entitled to, as their sole and exclusive
remedy to either: (i) if Buyer is willing to proceed to Closing, waive such default and proceed to Closing in accordance with the
terms and provisions hereof; or (ii) declare this Agreement to be terminated with respect to the applicable Property in respect
of which the default occurred. Upon such termination: (i) this Agreement shall be

 

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deemed terminated
as to any such Property only and neither party shall have any further rights, obligations or liabilities with respect to such Property,
except with respect to any obligations that expressly survive termination of this Agreement as contained herein; and (ii) there
shall be a reduction in the Purchase Price payable by Buyer at Closing by the amount allocated to the Property designated for removal
from this transaction as shown on Schedule 1 hereof. There shall be no forfeiture of the Earnest Money as a result of any
default of Buyer.

 

(b)   
If Seller defaults in any of its obligations undertaken in this Agreement and fails to cure such default within ten (10) days after
notice from Buyer specifying in reasonable detail the nature of such default, Buyer may: (i) waive such default and proceed to
Closing in accordance with the terms and provisions hereof; or (ii) terminate this Agreement with respect to the applicable Property
in respect of which Seller is in default, and if the Agreement is terminated as to all of the remaining Properties for which Closing
has not occurred direct Escrow Agent to return the Earnest Money to Buyer and upon such termination Seller shall pay to Buyer all
of the out-of-pocket costs and expenses incurred by Buyer in connection with this Agreement, not to exceed $50,000.00 per Property,
which return and payment shall operate to terminate this Agreement and release Seller and Buyer from any and all liability hereunder
with respect to the applicable Property or Properties, except those which are specifically stated herein to survive any termination
hereof; or (iii) enforce specific performance of Seller’s obligations hereunder, to the extent such remedy is available.
Notwithstanding the foregoing, in the event Seller has conveyed a Property in violation of this Agreement to any party not related
to Buyer, so that the remedy of specific performance is not thereby, or otherwise for any reason, available to Buyer, then Buyer
shall, in addition to the foregoing remedies, be permitted to pursue any and all rights and remedies available to Buyer at law
or in equity, including, without limitation, pursue and collect all damages of any type or kind, including without limitation,
direct, indirect, resulting, consequential, special, exemplary, punitive or other damages and be further entitled to temporary
and permanent restraining orders and affirmative relief.

 

Section
10.     Closing. A Closing shall consist of the execution and delivery of documents by Seller
and Buyer, as set forth below, and delivery by Buyer to Seller of the Purchase Price as allocated to each Property in accordance
with the terms of this Agreement, in escrow with Escrow Agent. Each Closing shall occur on such date and time as mutually agreed
to by Buyer and Seller in writing, but in no event later than that date which is fifteen (15) days after the end of the Examination
Period with respect to such Property, subject however, to Buyer’s right to extend the date of a Closing pursuant to this
Section 10. Seller shall deliver to Buyer at Closing the following executed documents:

 

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(a)   
A bargain and sale deed (or its equivalent which provides covenants against grantor’s acts) from Seller to Buyer conveying
the applicable Real Property to Buyer subject only to the Permitted Exceptions;

 

(b)    an Assignment and Assumption of Lease, in the form attached hereto as Exhibit A from Seller to Buyer assigning the Lease
applicable to Seller’s Property, and any security deposits thereunder, to Buyer;

 

(c)    a Bill of Sale in the form of Exhibit B attached hereto from Seller to Buyer conveying the Personalty and Intangible Property
owned by such Seller to Buyer;

 

(d)    an Assignment of Contracts, Permits, Licenses and Warranties in the form of Exhibit C attached hereto from Seller to Buyer;

 

(e)    a settlement statement setting forth the Purchase Price, all prorations and other adjustments to be made pursuant to the terms
hereof, and the funds required for Closing as contemplated hereunder;

 

(f)    
all transfer tax statements, declarations and filings as may be necessary or appropriate for purposes of recordation of the deed;

 

(g)    a title affidavit executed by Seller in form satisfactory to the Title Insurer;

 

(h)    an original Tenant Estoppel from Tenant in the form of Exhibit D attached hereto, which is dated not earlier than thirty
(30) days prior to the date of Closing, with respect to each Lease.

 

(i)    
an original SNDA from Tenant in the form of Exhibit E attached hereto with respect to each Lease,

 

(j)    
the letter to Tenant in the form of Exhibit F attached hereto for each Lease;

 

(k)    clearance under any applicable State withholding tax law applicable to the sale of any of the Properties;

 

(l)    
a certificate dated as of the date of Closing confirming that the representations and warranties in Section 11 are true and correct
as of the date of Closing and confirming the personal guaranty of at least one Seller Guarantor;

 

(m)    a certificate dated as of the date of Closing, listing all of the unexpired warranties of contractors and suppliers that delivered
services or materials in connection with the construction and development of the Property;

 

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(h)    
good standing certificates and corporate resolutions or member or partner consents, as applicable, for Seller and such other documents
as reasonably requested by the Title Insurer;

 

(i)    
such other documents, instruments, certifications and confirmations as may be reasonably required and customary to fully effect
and consummate the transactions contemplated hereby.

 

At
each Closing, Buyer shall: (i) deliver the balance of the Purchase Price to Seller applicable to the Property as allocated on Schedule
1 annexed hereto, (ii) execute and deliver execution counterparts of the closing documents referenced in clauses (a) (where
applicable), (b) and (e) above; and (iii) at the last Closing under this Agreement, instruct the Escrow Agent to deliver the Earnest
Money to Seller as a credit towards the Purchase Price.

 

Buyer
shall have the right to extend the Closing of each Property for up to thirty (30) days upon written notice to Seller which notice
may be given by Buyer to Seller at any time before 5:00 PM Eastern Time on the date set for Closing of the applicable Property.
Notwithstanding anything to the contrary contained in this Agreement, notice to extend the Closing may be sent in writing or email
transmission by Buyer or Buyer’s attorney. The Closing shall be held in escrow through the mail by delivery of the closing
documents to the parties on or prior to the Closing or such other place or manner as the parties hereto may mutually agree.

 

Notwithstanding
anything to the contrary contained in this Agreement, if at Closing there are any monetary obligations of Seller due and payable
under a Lease (such as, for example purposes only, a tenant improvement allowance) or any outstanding construction obligations
(such as, for example purposes only, offsite improvements or punchlist items), such obligations shall remain the obligations of
Seller and Buyer shall have the right to: (i) delay Closing until such time that such obligations have been satisfied; or (ii)
require Seiler put into escrow with the Escrow Agent, or reduce the Purchase Price by an amount necessary to satisfy such monetary
obligation and/or an amount reasonably estimated by Buyer to satisfy any such non-monetary obligation of Seller under the Lease.
This Section, and all provisions contained therein, shall survive the Closing.

 

Section
11.      Representation by Seller. Seller represents and warrants to, and covenants
with, Buyer as follows:

 

(a)     Seller
is duly organized (or formed), validly existing and in good standing under the laws of its state of organization, and to the extent
required by law, the State in which the Property is located. Seller is authorized to consummate the transaction set forth herein
and fulfill all of its respective obligations hereunder and under all closing documents to be executed by Seller, has all necessary
power to execute and deliver this Agreement and all closing documents to be executed by Seller, and to perform all of

 

    	13

    	 

    

 

Seller’s
obligations hereunder and thereunder. This Agreement and all closing documents to be executed by Seller have been duly authorized
by all requisite corporate authority or other required action on the part of Seller and are the valid and legally binding obligations
of Seller, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement and all
closing documents to be executed by Seller, nor the performance of the obligations of Seller hereunder or thereunder will result
in the violation of any law or any provision of the organizational documents of or will conflict with any order or decree of any
court or governmental instrumentality of any nature by which Seller is bound;

 

(b)    Seller has good and indefeasible fee simple title to the Properties subject to matters of record and affecting the Properties and
at Closing will have and will convey to Buyer by bargain and sale deed good and indefeasible fee simple title to the Properties,
free and clear of all liens, defects, encumbrances, conditions, exceptions, restrictions or other matters affecting title except
the Permitted Exceptions;

 

(c)    Seller has not received any written notice of any current or pending litigation, tax appeals or environmental investigations against
Seller or any of the Properties and, to the best of Seller’s knowledge, there is no pending litigation, tax appeals or environmental
investigations against Seller or any of the Properties;

 

(d)    Seller has not entered into any contracts, subcontracts or agreements affecting a Property which will be binding upon Buyer after
a Closing other than the Lease;

 

(e)    Except for defaults cured on or before the date of this Agreement, Seller has not received any written notice of default under
the terms of any of the Leases and, to the best of Seller’s knowledge, there is no outstanding, uncured default under the
terms of any of the Leases;

 

(f)    Seller has not received any 'written notice from (or delivered any notice to) any governmental authority regarding any violation
of any law applicable to any of the Properties and, to the best of Seller’s knowledge, there are no such violations;

 

(g)   
The Personalty to be transferred to Buyer is free and clear of liens, security interests and other encumbrances arising by, through
or under Seller, except as a result of loan instruments securing a loan that shall be paid in full by Seller at or prior to Closing;

 

(h)   
With respect to each Lease: (i) Schedule 2 attached hereto is a true, correct and complete description of the Lease (including
any and all amendments thereto) applicable to the applicable Property, a copy of each (including all amendment(s), if applicable)
shall be delivered to Buyer immediately following mutual execution and delivery of this Agreement; (ii) the Lease is in full force
and effect; (iii) there are no uncured monetary defaults by Tenant under the Lease and no offset or abatement is

 

    	14

    	 

    

 

presently
available to, or has been asserted in writing by, Tenant under the Lease, and Seller has complied in all material respects with
its obligations under the Lease, and there is no defense or claim presently available to Tenant under the Lease; (iv) no brokerage
commission or compensation of any kind is due or will be due from the Property or the rent therefrom for leasing space in the Property
whether past, present or future and no understanding or agreement exists with regard to payment of any leasing commissions for
future leases with existing or future tenants except in connection with extensions or renewals of the Lease as specifically set
forth therein; (v) other than as expressly set forth in the Lease, there are no other material promises, amendments, agreements
or commitments between Tenant and Seller or any one acting by or on behalf of Seller, nor are there any commitments which will
be binding on Buyer in favor of Tenant; (vi) except as set forth in the Lease: Tenant is not entitled to any rent concession, rent-free
occupancy, lease buyout costs, tenant improvement costs, moving, design and refurbishment costs, tenant improvement allowance,
space plan allowance, reduction or abatement of rent for any reason whatsoever, including, without limitation, for any work (not
yet performed) or other consideration (not yet given) in connection with Tenant’s occupancy pursuant to the Lease; and (vii)
Seller is holding no security deposits with respect to the Lease and no rent has been prepaid for more than one month before its
due date;

 

(i)    
There are no occupancy rights, leases or tenancies affecting the Properties other than the Leases;

 

(j)    
No person or entity has any option, right of first refusal or other right to purchase the Property or any part thereof or interest
therein;

 

(k)    Each Property is in compliance in all material respects with all applicable zoning laws, regulations and ordinances as of the date
of this Agreement;

 

(1)    Seller
is not a “foreign person” under the Foreign Investment in Real Property Tax Act of 1980 (“FIRPTA”) and
upon consummation of the transaction contemplated hereby, Buyer will not be required to withhold from the Purchase Price any withholding
tax;

 

(m)
   There are no pending or, to the best of Seller’s knowledge, threatened condemnation proceedings affecting
any Property and Seller has not received any written notice that there is any pending or threatened condemnation of all or any
part of any Property;

 

(n)
    Seller has not initiated, and to Seller’s knowledge there currently are no pending, proceedings to
correct or reduce the assessed valuation of any Property and Seller has received no written notice, nor does Seller have any knowledge,
of any special tax assessments pending or contemplated against any Property that are not of record or disclosed in the Title Report;

 

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(o)
    There are no employees of Seller engaged in the operation or maintenance of any of the Properties;

 

(p)    Seller
has not initiated or participated in, any, and to the best of Seller’s knowledge, there is currently no action for a change
or modification in the current subdivision, site plan, zoning or other land use permits for any of the Properties;

 

(q)
    Seller has not received any written notice from any governmental authority, mortgagee, insurance company,
board of fire underwriters, or any other association having authority or power over all or any portion of the Properties, requesting
the performance of any work or alterations with respect to any Property that has not been performed or alleging that Seller presently
is in breach or violation of, or not in compliance with, any applicable law, statute, code, act, ordinance, rule permit, license,
regulation, standard or underwriting requirement or under any order of court or federal, state, municipal or other governmental
department, commission, board, bureau, agency or instrumentality, wherever located, with respect to any Property or Seller’s
present use and operation of a Property, including, without limitation, those currently relating to fire, safety, environmental
laws, parking, architectural barriers to the handicapped, zoning and building codes. Moreover, Seller has no knowledge of any of
the foregoing matters being pending or threatened;

 

(r)
    Seller has not assigned or transferred any of its interest in the Lease applicable to a Property other
than in connection with a mortgage financing, which shall be discharged at or prior to Closing;

 

(s)    Any
and all work identified on any punchlist submitted by Tenant to Seller in connection with work performed (or required to be performed)
by or on behalf of Seller has been fully performed and Seller has not received written notice and nor does Seller have any knowledge
that Tenant has not accepted said work;

 

(t)     No
petition has been filed by or against Seller under the Federal Bankruptcy Code or any similar State or Federal Law; and

 

(u)    To
the best of Seller’s knowledge, except as set forth in the environmental reports previously delivered by Seller to Buyer,
no hazardous substances have been generated, stored, released, or disposed of on or about any of the Properties in violation of
any law, rule or regulation applicable to a Property which regulates or controls matters relating to the environment or public
health or safety (collectively, “Environmental Laws”). Seller has not received any written notice from
(nor delivered any notice to) any federal, state, county, municipal or other governmental department, agency or authority concerning
any petroleum product or other hazardous substance discharge or seepage relating to any of the Properties. For purposes of this
Agreement, “hazardous substances” shall mean any substance or material that is defined or deemed to be hazardous or
toxic pursuant to any Environmental Laws.

 

    	16

    	 

    

 

Should
Seller receive notice or actual knowledge of any inaccurate information regarding any of the matters set forth in this Section
11 after the date of this Agreement and prior to a Closing, Seller will immediately notify Buyer of the same in writing. If Seller
is unwilling or unable to correct such inaccuracy on or before Closing of the applicable Property, Buyer may either: (a) cancel
this Agreement with respect to the Property affected by such inaccuracy and leave this Agreement in effect as to the balance of
the Properties, in which event: (i) this Agreement shall be deemed terminated as to any such removed Property and neither party
shall have any further rights, obligations or liabilities with respect to such removed Property, except with respect to any obligations
that expressly survive termination of this Agreement as contained herein; (ii) there shall be a reduction in the Purchase Price
payable by Buyer at Closing by the amount allocated to the Property designated for removal from this transaction as shown on Schedule
1 hereof; and (iii) Seller shall pay to Buyer all of the out-of-pocket costs and expenses incurred by Buyer in connection with
such rejected Property, not to exceed $50,000.00 per Property; or (b) waive such right to terminate and accept such inaccuracy
by proceeding with the transaction pursuant to the remaining terms and conditions of this Agreement.

 

The
representations and warranties of Seller shall survive Closing for a period of one (1) year. At least one Seller Guarantor shall
at Closing unconditionally and personally guarantee the liability of Seller for any losses, costs or damages incurred by Buyer
relative to any Seller’s breach of a representation and warranty set forth in this Section 11. Such personal guaranty under
this Section 11 shall survive Closing, and provided that no breach of any of the representations or warranties shall have occurred,
such personal guaranty under this Section 11 shall be limited to the First six (6) month period after a Closing.

 

Section
12.     Buyer’s Representations. Buyer represents and warrants to, and covenants with,
Seller as follows:

 

(a)     Buyer
is duly formed, validly existing and in good standing under the laws of Delaware, is authorized to consummate the transaction set
forth herein and fulfill all of its obligations hereunder and under all closing documents to be executed by Buyer, and has all
necessary power to execute and deliver this Agreement and all closing documents to be executed by Buyer, and to perform all of
Buyer’s obligations hereunder and thereunder. This Agreement and all closing documents to be executed by Buyer have been
duly authorized by all requisite corporate or other required action on the part of Buyer and are the valid and legally binding
obligation of Buyer, enforceable in accordance with their respective terms. Neither the execution and delivery of this Agreement
and all closing documents to be executed by Buyer, nor the performance of the obligations of Buyer hereunder or thereunder will
result in the violation of any law or any provision of the organizational documents of Buyer or will conflict with any order or
decree of any court or governmental instrumentality of any nature by which Buyer is bound; and

 

    	17

    	 

    

 

(b)    No petition has been filed by or against Buyer under the Federal Bankruptcy Code or any similar State or Federal Law.

 

The
representations and warranties of Buyer shall survive Closing for a period of one (1) year.

 

Section
13.     Conditions to Buyer’s Obligations. Buyer’s obligation
to pay the Purchase Price, and to accept title to each Property, shall be subject to compliance by Seller with the following conditions
precedent on and as of the date of Closing:

 

(a)    Possession of each Property shall be delivered to Buyer free and clear of all liens and encumbrances other than the Permitted Exceptions
and the applicable Lease;

 

(b)    Seller shall deliver to Buyer on or before the Closing the items set forth in Section 10 above;

 

(c)    Buyer shall receive from the Title Insurer or any other title insurer approved by Buyer in its judgment and discretion, a current
ALTA owner’s form of title insurance policy, or irrevocable and unconditional binder to issue the same, with extended coverage
for the applicable Real Property in the amount of the Purchase Price as allocated in this Agreement, dated, or updated to, the
date of the Closing, insuring, or committing to insure, at its ordinary premium rates Buyer’s good and marketable title in
fee simple to such Real Property and otherwise in such form and with such endorsements as provided in the title commitment approved
by Buyer pursuant to Section 6 hereof and subject only to the Permitted Exceptions;

 

(d)    Buyer shall have received a valid and permanent final certificate of occupancy (or the equivalent thereof) for each Property and
Tenant (to the extent required by applicable law);

 

(e)    Buyer shall have received the Tenant Estoppel and SNDA for each applicable Lease duly executed by Tenant, and with respect to each
SNDA, duly executed by Seller and acknowledged by a notary public;

 

(f)     Keys to all locks located in each Property, if applicable;

 

(g)    An
original copy of the Lease and any amendments thereto (including, without limitation, a Lease Modification Agreement wherein Tenant
confirms the commencement date of the Lease);

 

(h)    An original (or a copy if an original is not available) of any and all warranties issued to Seller in connection with the construction
of the Improvements, it being agreed that in the event such warranties are not assignable to Buyer, Seller shall have such warranties
re-issued to Buyer or Tenant, as requested by Buyer;

 

    	18

    	 

    

 

(i)    
A certificate of property insurance and of liability insurance from Dollar General naming Buyer as an additional insured, in compliance
with the Lease; and

 

(j)
    The Delivery Date and Commencement Date (as such terms are defined in the Lease) shall have occurred under
the applicable Lease and Tenant shall be open and operating for business to the public in substantially all of the applicable leased
space and Tenant shall be paying full and unabated rent under such Lease;

 

(k)    All obligations of Seller under a Lease with respect to Tenant’s initial occupancy thereof shall
have been completed and/or satisfied, including, without limitation, satisfying the Evidence of Completion (as defined in the Lease),
completing any punchlist items and paying any tenant allowances;

 

(1)    Buyer shall have received copies of all final lien waivers from the general contractor and all subcontractors
performing work or providing materials or services to a the Property; and

 

(m)
   The representations and warranties of Seller contained in this Agreement shall have been true when made and shall
be true in all material respects at and as of the date of Closing as if such representations and warranties were made at and as
of the Closing, and Seller shall have performed and complied in all material respects with all covenants, agreements and conditions
required by this Agreement to be performed or complied with by Seller prior to or at the Closing.

 

In
the event any of closing conditions set forth in this Section 13 are not satisfied by the Outside Closing Date with respect to
any one or more of the Properties, Buyer shall have the right to remove such non-satisfying Property from the Properties to be
acquired by Buyer and terminate this Agreement with respect to such non-satisfying Property upon notice to Seller given at anytime
thereafter, in which event: (i) this Agreement shall be deemed terminated as to any such rejected Property and neither party shall
have any further rights, obligations or liabilities with respect to such rejected Property, except with respect to any obligations
that expressly survive termination of this Agreement as contained herein; and (ii) there shall be a reduction in the Purchase Price
payable by Buyer at Closing by the amount allocated to the Property designated for removal from this transaction as shown on Schedule
1 hereof.

 

Section
14.     Conditions to Seller’s Obligations. Seller’s obligation to deliver title
to the Properties shall be subject to compliance by Buyer with the following conditions precedent on and as of the date of Closing:

 

(a)   
Buyer shall deliver to Seller on each Closing Date the remainder of the Purchase Price as allocated to such Property in accordance
with Schedule 1 hereof, subject to adjustment of such amount pursuant to Section 2 hereof; and

 

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(b)   
The representations and warranties of Buyer contained in this Agreement shall have been true when made and shall be true in all
material respects at and as of the date of Closing as if such representations and warranties were made at and as of the Closing,
and Buyer shall have performed and complied in all material respects with all covenants, agreements and conditions required by
this Agreement to be performed or complied with by Buyer prior to or at the Closing.

 

Section
15.    Notices. Unless otherwise provided herein, all notices and other communications which
may be or are required to be given or made by any party to the other in connection herewith shall be in writing and shall be: (i)
delivered in person with proof of delivery thereof, (ii) sent by United States certified mail, postage prepaid, return receipt
requested, or (iii) deposited with a nationally recognized overnight courier, in each case to the addresses set out in Section
1, or at such other addresses as specified by written notice delivered in accordance herewith. Any notice or other communication
sent as hereinabove provided shall be deemed received (a) three days after being deposited in the mail if sent by certified mail,
postage prepaid, return receipt requested, or (b) one day after being deposited with a commercial overnight courier if sent by
such method. Notices under this Agreement may also be given by e-mail transmission, provided, however, that if such notice is sent
by e-mail transmission, such notice or other communication shall also be sent by one of the other means provided hereinabove. Any
notice under this Agreement may be given by the attorney representing a party in this transaction.

 

Section
16.     Seller Covenants. Seller agrees that: (a) it shall continue to operate the Properties
in the same manner in which Seller has previously operated the Properties; (b) it shall, subject to Section 7 hereof and subject
to reasonable wear and tear, maintain the Properties in the same (or better) condition as exists on the date hereof; (c) it shall
comply with all obligations as owner of the Properties, the landlord under the Lease, or mortgagor under any mortgage affecting
any of the Properties, which Seller is required to carry out and perform, either by virtue of agreements with such parties or by
virtue of any order or direction of any governmental authority having jurisdiction; (d) it shall not, without Buyer’s prior
written consent, enter into any agreement concerning the management or operation of a Property which would remain in effect beyond
the Closing, and (e) it shall not, without Buyer’s prior written consent: (i) amend any Lease in any manner; (ii) consent
to an assignment of a Lease or a sublease of the premises demised thereunder or a termination or surrender thereof; and/or (iii)
consent to an alteration of the premises demised thereunder (unless such consent is non-discretionary). Seller shall promptly inform
Buyer in writing of any material event adversely affecting the ownership, use, occupancy or maintenance of a Property, whether
insured or not.

 

Section
17.      Post-Closing Covenants.

 

(a)    Seller
shall be and remain responsible for completing any work required to be performed by the landlord under each Lease, including, without
limitation, the

 

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obligations
set forth in Section 2 of each Lease. Seller further agrees that it will remain adequately capitalized in a manner such that such
Seller shall have sufficient funds in order to comply with its respective obligations as described in this Section 17. In the event
that any Seller fails to comply with said warranty obligations, Buyer may, after giving thirty (30) days written notice to Seller
and Seller having failed to commence and diligently pursue to completion curative action within said time period, proceed to remedy
such obligations on its own and shall have recourse against Seller for any expenses incurred thereby. Neither payment nor acceptance
of the Purchase Price nor any provision in this Agreement will be deemed to constitute a waiver by Buyer of Seller’s responsibility
under this Section. This Section, and all provisions contained therein, shall survive a Closing. The obligations of Seller pursuant
to this Section shall continue beyond the periods specified herein as to warranty work required by the landlord pursuant to the
applicable Lease if such defect is discovered during the warranty period and is not cured by Seller within that warranty period.
In other words, defects which arise or exist prior to the date of expiration of the warranty period must be cured and corrected
by Seller even though the curing or corrective action may not be commenced or completed until after the date of expiration of the
warranty period. At Closing at least one Seller Guarantor shall unconditionally, personally, guarantee the obligations of Seller
pursuant to this Section 17 which guaranty shall survive a Closing and shall be confirmed at Closing.

 

(b)    If following Closing, any Seller shall receive a payment of rent from Tenant applicable to any period from and after Closing, such
Seller shall promptly remit such payment to Buyer in accordance with account instructions to be furnished by Buyer. The provisions
of this Section 17 shall survive Closing.

 

Section
18.     Entire Agreement. This Agreement constitutes
the sole and entire agreement among the parties hereto and no modification of this Agreement shall be binding unless in writing
and signed by all parties hereto, No prior agreement or understanding pertaining to the subject matter hereof (including, without
limitation, any letter of intent executed prior to this Agreement) shall be valid or of any force or effect from and after the
date hereof.

 

Section
19.     No Representations or Warranties.
Buyer hereby acknowledges, understands and agrees that it has an opportunity to inspect the Properties as set forth in Section
6 herein, and except as set forth in this Agreement or in any documents executed at Closing by Seller, each Property shall be
conveyed at Closing to Buyer in “as-is” condition with no representation or warranties whatsoever.

 

Section
20.     Applicable Law. This
Agreement shall be construed under the laws of the State in which a Property is located.

 

Section
21.     Tax-Deferred Exchange. In
the event Buyer or Seller desire to effect a tax-deferred exchange in connection with the conveyance of a Property, Buyer and Seller

 

    	21

    	 

    

 

agree
to cooperate in effecting such exchange (including, without limitation, any intermediate conveyance to the members of Seller);
provided, however: (i) that the exchanging party shall be responsible for all additional costs associated with such exchange; (ii)
that a non-exchanging party shall not assume any additional liability with respect to such tax deferred exchange; (iii) no assignment
of this Agreement shall relieve the exchanging party of its obligations under this Agreement, and the exchanging party shall remain
liable for the performance of its obligations under this Agreement, including, without limitation, the representations, warranties,
and covenants given by the exchanging party to the non-exchanging party, (iv) the exchange will not delay or otherwise adversely
affect the Closing, (v) there is no additional unreimbursed loss, cost, damage, tax, expense or adverse consequence incurred by
the non-exchanging party resulting from, or in connection with, the exchange, and the exchanging party shall indemnify, save and
hold harmless the non-exchanging party of, from and against any such loss, cost, damage, tax, expense or adverse consequence (including
reasonable attorneys’ fees), and (vi) in no event shall the non-exchanging party be obligated to acquire any property or
otherwise be obligated to take title, or appear in the records of title, to any property in connection with such exchange. Seller
and Buyer shall execute such additional documents, at no cost to the non-exchanging party, as shall be required to give effect
to this provision.

 

Section
22.     Broker’s Commissions. Buyer and Seller each hereby represent that, except for
the Seller’s Broker and Buyer’s Agent listed herein, there are no other brokers involved or that have a right to proceeds
in this transaction. Seller shall be responsible for payment of commissions to the Seller’s Broker and Buyer’s Agent
pursuant to a separate, previously negotiated agreement(s). Seller and Buyer each hereby agree to indemnify and hold the other
harmless from all loss, cost, damage or expense (including reasonable attorneys’ fees at both trial and appellate levels)
incurred by the other as a result of any claim arising out of the acts of the indemnifying party (or others on its behalf) for
a commission, finder’s fee or similar compensation made by any broker, finder or any party who claims to have dealt with
such party (except that Buyer shall have no obligations hereunder with respect to any claim by Seller’s Broker and/or Buyer’s
Agent). The representations, warranties and indemnity obligations contained in this section shall survive the Closing or the earlier
termination of this Agreement.

 

Section
23.     Assignment. Buyer may assign all or any portion of its rights under this Agreement to
one or more assignees or designees; provided, however, that no such assignment shall relieve Buyer of any of its obligations hereunder
until Closing is complete.

 

Section
24.    Attorneys’ Fees. In any action between Buyer and any Seller as a result of failure
to perform or a default under this Agreement, the prevailing party shall be entitled to recover from the other party, and the other
party shall pay to the prevailing party, the

    	22

    	 

    

 

prevailing
party’s attorneys’ fees and disbursements and court costs incurred in such action.

 

Section
25.     Counterparts. This Agreement may be executed in one or more counterparts,
all of which shall be considered one and the same agreement, and shall become a binding agreement when one or more counterparts
have been signed by each of the parties and delivered to the other party.

 

Section
26.    Interpretation. If there is any specific and direct conflict between, or any ambiguity
resulting from, the terms and provisions of this Agreement and the terms and provisions of any document, instrument or other agreement
executed in connection herewith or in furtherance hereof, including any Exhibits hereto, the same shall be consistently interpreted
in such manner as to give effect to the general purposes and intention as expressed in this Agreement which shall be deemed to
prevail and control.

 

Section
27.     Headings. The headings of this Agreement are for reference only and shall not limit
or define the meaning of any provision of this Agreement.

 

Section
28.     Severability. If any provision of this Agreement is unenforceable to any extent, the
remaining portions of such provision, and all other provisions of this Agreement, shall nevertheless be kept in effect.

 

Section
29.    Counterparts. This Agreement may be executed by portable document format (pdf) and/or
in any number of counterparts. Each party may rely upon any emailed pdf or counterpart copy as if it were one original document.

 

Section
30.     Rents and Deposits. Seller and Buyer agree that, in addition to all other conditions
and covenants contained herein, Buyer shall receive a credit at Closing for security deposits and advance rents paid/abatements,
if any, held by Seller and Seller shall deposit with Buyer and Escrow Agent not later than the business day immediately prior to
Closing a statement as to the date to which all rents have been paid. All base rent and other charges payable by the Tenant will
be prorated between Seller and Buyer as of midnight on the date of Closing as if such rent and other charges had been collected
in accordance with the Leases. In no event shall Buyer be obligated to attempt to collect from any Tenant any delinquent or past
due sums or amounts owed to Seller, but Buyer shall reasonably cooperate with Seller (at no expense to Buyer) with respect thereto.
If following Closing, Seller shall receive a payment of rent from Tenant applicable to any period from and after Closing, Seller
shall promptly remit such payment to Buyer. The provisions of this Section 30 shall survive Closing.

 

Section
31.     Additional Termination Right of Buyer. Buyer shall have the right to terminate this
Agreement upon notice to Seller if Tenant is downgraded from its rating as of the date of this Agreement by Standard & Poor’s
(BB+) or Moody’s (Ba1) at any time prior to a Closing whereupon: (i) this Agreement shall be deemed terminated and neither

 

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party
shall have any further rights, obligations or liabilities hereunder, except with respect to any obligations that expressly survive
termination of this Agreement as contained herein; and (ii) the Earnest Money shall promptly be returned to Buyer.

 

Section
32.     Termination Right of Seller. Except with respect to the right of Buyer to terminate
this Agreement as to one or more of the Properties as described in the next sentence of this Section, if Buyer terminates this
Agreement as to more than ten (10) of the Properties pursuant to the terms of this Agreement, then Seller shall have the right
to terminate the whole of this Agreement, as to the balance of the Properties for which Closing has not occurred, by ten (10) days
prior notice to Buyer, in which event neither party shall have any further claim against the other, except (i) with respect to
those matters which this Agreement provides expressly survive the termination of this Agreement, and (ii) the Earnest Money shall
be returned to Buyer. Notwithstanding the foregoing, any termination of this Agreement as to one or more Properties for any of
the following reasons shall not be included in calculating whether or not Purchaser has terminated this Agreement as to more than
ten (10) Properties for the purposes of determining whether Seller’s right to terminate has accrued pursuant to this Section
32: (i) any termination of this Agreement as to any Property in respect of which Buyer’s due diligence discloses any environmental
contamination, whether past or present, affecting a Property which constitutes a present “Recognized Environmental Condition”
under a standard ASTM Phase I report; or (ii) any termination of this Agreement as to any Property pursuant to Section 6(A) above
due to an uncured Objection, or (iii) any termination of this Agreement as to any Properties pursuant to Section 7 above.

 

Section
33.     Incorporation of Exhibits by Reference. All Exhibits to this Agreement are fully incorporated
herein as though set forth at length herein.

 

    	24

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first set forth above.

 

	 	SELLER:
	 	 
	 	RSBR INVESTMENTS, LLC,
    a Missouri
	 	limited liability company
	 	 
	 	/s/
Rod Hamby
	 	By:
    Rod Hamby, Manager
	 	 
	 	RBA INVESTMENTS, LLC,
    a Missouri
	 	limited liability company
	 	 
	 	/s/
    Rod Hamby
	 	By: Rod Hamby, Manager
	 	 
	 	OVERLAND PROPERTIES, LLC,
    a
	 	Missouri limited liability company
	 	 
	 	/s/
    Rod Hamby
	 	By: Rod Hamby, Manager

 

	 	BUYER:
	 	 
	 	LADDER CAPITAL FINANCE LLC, 
	 	a Delaware limited liability company
	 	 	 
	 	By:	/s/
    David     M.Traitel
	 	Name:	DAVID M.TRAITEL
	 	Title: 	Managing Director

 

    	25

    	 

    

 

 

JOINDER AND CONSENT OF ESCROW AGENT:

 

An original, fully executed copy of this
Agreement, together with the first installment of the Earnest Money, has been received by Escrow Agent this 3rd day of July 2012,
and by execution hereof Escrow Agent covenants and agrees to be bound by the terms of this Agreement applicable to Escrow Agent.

 

	 	Escrow Agent:
	 	 
	 	COMMONWEALTH TITLE LAND
	 	INSURANCE COMPANY
	 	 
	 	By:	/s/ R. Liane Carpenter
	 	Name:	R. Liane Carpenter
	 	Title:	Asst. Vice President

 

    	 

    	 

    

 

EXHIBITS AND SCHEDULES

 

	Schedule 1	-	List of Properties and Purchase Price Allocation
	 	 	 
	Schedule 2	-	List of Leases
	 	 	 
	Exhibit A	-	Form of Assignment and Assumption of Lease
	 	 	 
	Exhibit B	-	Form of Bill of Sale
	 	 	 
	Exhibit C	-	Form of Assignment of Contracts, Permits, Licenses and Warranties
	 	 	 
	Exhibit D	-	Form of Tenant Estoppel
	 	 	 
	Exhibit E	-	Form of SNDA
	 	 	 
	Exhibit F	-	Form of Tenant Notice

  

    	 

    	 

    

 

SCHEDULE 1

LIST OF PROPERTIES AND ALLOCATION
OF PURCHASE PRICE

 

	 	 	Address	 	Owning 
Entity	 	Estimated
 Delivery Date	 	Cap 
Rate	 	 	NOI	 	 	Price	 
	1.	 	Farmington, New Mexico	 	OP	 	5/21/2012	 	 	7.90	%	 	$	98,863.35	 	 	$	1,251,434.81	 
	2.	 	New Braunfels, Texas	 	OP	 	6/25/2012	 	 	7.90	%	 	$	94,309.56	 	 	$	1,193,791.90	 
	3.	 	Hawk Point, Missouri	 	RSBR	 	6/11/2012	 	 	7.90	%	 	$	82,302.00	 	 	$	1,041,797.47	 
	4.	 	Sedelia, Missouri	 	RSBR	 	6/25/2012	 	 	7.90	%	 	$	84,497.04	 	 	$	1,069,582.78	 
	5.	 	Donna, Texas	 	RSBR	 	7/26/2012	 	 	7.90	%	 	$	83,743.00	 	 	$	1,060,037.97	 
	6.	 	Morgans Pt Res, Texas	 	RSBR	 	7/23/2012	 	 	7.90	%	 	$	89,231.51	 	 	$	1,129,512.78	 
	7.	 	Edina, Missouri	 	RSBR	 	6/25/2012	 	 	7.90	%	 	$	79,083.43	 	 	$	1,001,056.08	 
	8.	 	Lebanon, Missouri	 	RSBR	 	9/1/2012	 	 	7.90	%	 	$	82,213.00	 	 	$	1,040,670.89	 
	9.	 	Gower, Missouri	 	RSBR	 	6/25/2012	 	 	7.90	%	 	$	73,500.00	 	 	$	930,379.75	 
	10.	 	Weslaco, Texas	 	RSBR	 	8/1/2012	 	 	7.90	%	 	$	99,128,64	 	 	$	1,254,792.91	 
	11.	 	Ozark, Missouri	 	RSBR	 	9/1/2012	 	 	7.90	%	 	$	91,500.00	 	 	$	1,158,227.85	 
	12.	 	Bryan, Texas	 	RSBR	 	8/1/2012	 	 	7.90	%	 	$	89,203.80	 	 	$	1,129,162.03	 
	13.	 	Waco, TX	 	RBA	 	7/9/2012	 	 	7.90	%	 	$	88,587.96	 	 	$	1,121,366.58	 
	14.	 	Edinburg, TX	 	RBA	 	4/23/2012	 	 	7.90	%	 	$	83,823.00	 	 	$	1,061,050.63	 
	15.	 	Rocky Mount, Missouri	 	RBA	 	4/23/2012	 	 	7.90	%	 	$	81,528.00	 	 	$	1,032,000.00	 
	16.	 	Mount Morris, IL	 	RSBR	 	12/3/2012	 	 	7.90	%	 	$	90,336.98	 	 	$	1,143,506.08	 
	17.	 	San Antonio, Texas (WW White Road)	 	RSBR	 	1/31/2013	 	 	7.90	%	 	$	99,978.00	 	 	$	1,265,544.30	 
	18.	 	San Antonio, Texas (Pleasanton Road)	 	RSBR	 	1/31/2013	 	 	7.90	%	 	$	109,248.23	 	 	$	1,382,888,99	 
	19.	 	Marionville, MO	 	RBA	 	11/1/2011	 	 	7.65	%	 	$	79,157.04	 	 	$	1,034,732.55	 
	20.	 	Robertsville, MO	 	OP	 	12/12/2011	 	 	7.65	%	 	$	78,462.96	 	 	$	1,025,659.61	 
	21.	 	Caruthersville, MO	 	OP	 	12/29/2011	 	 	7.65	%	 	$	87,627.00	 	 	$	1,145,450.98	 
	22.	 	Chariton, Iowa	 	RBA	 	12/30/2011	 	 	7.65	%	 	$	98,073.00	 	 	$	1,282,000.00	 

 

    	 

    	 

    

 

	23.	 	Marble Hill, Missouri	 	RBA	 	2/6/2012	 	 	7.65	%	 	$	93,042.42	 	 	$	1,216,240.78	 
	24	 	Sikeston (N), Missouri	 	RBA	 	2/6/2012	 	 	7.65	%	 	$	85,890.88	 	 	$	1,122,756.60	 
	25.	 	Morehouse, Missouri	 	OP	 	2/20/2012	 	 	7.65	%	 	$	77,965.00	 	 	$	1,019,150.33	 
	26.	 	Cardwell, Missouri	 	OP	 	3/1/2012	 	 	7.65	%	 	$	80,093.00	 	 	$	1,046,967.32	 
	27.	 	Jacksonville, Illinois	 	RBA	 	4/23/2012	 	 	7.65	%	 	$	86,502.00	 	 	$	1,130,745.10	 
	28.	 	Troy, Texas	 	RBA	 	6/25/2012	 	 	7.65	%	 	$	83,376.96	 	 	$	1,089,894.90	 
	29.	 	Nashua, Iowa	 	OP	 	6/25/2012	 	 	7.65	%	 	$	80,929.32	 	 	$	1,057,899.61	 
	30.	 	Lebanon (N), Missouri	 	RSBR	 	9/1/2012	 	 	7.65	%	 	$	99,501.96	 	 	$	1,300,679.22	 
	31.	 	Buchanan Dam, Texas	 	OP	 	10/1/2012	 	 	7.65	%	 	$	86,064.60	 	 	$	1,125,027.45	 
	32.	 	Lexington, Illinois	 	RBA	 	10/1/2012	 	 	7.65	%	 	$	89,109.45	 	 	$	1,164,829.41	 
	33.	 	Canyon Lake, Texas	 	OP	 	10/1/2012	 	 	7.65	%	 	$	88,409.04	 	 	$	1,155,673.73	 
	34.	 	Marion, Illinois	 	RBA	 	10/1/2012	 	 	7.65	%	 	$	90,974.68	 	 	$	1,189,211.50	 
	35.	 	Corpus Christi	 	RBA	 	11/2/2012	 	 	7.65	%	 	$	95,910.00	 	 	$	1,253,725.49	 
	36.	 	Donna, Texas (Garcia)	 	RBA	 	10/1/2012	 	 	7.65	%	 	$	88,986.36	 	 	$	1,163,220.39	 
	37.	 	Carlisle, Iowa	 	OP	 	11/2/2012	 	 	7.65	%	 	$	89,499.96	 	 	$	1,169,934.12	 
	38.	 	Beeville, Texas	 	OP	 	11/2/2012	 	 	7.65	%	 	$	80,500.00	 	 	$	1,052,287.58	 
	39.	 	Ottumwa, Iowa	 	OP	 	12/1/2012	 	 	7.65	%	 	$	85,500.00	 	 	$	1,117,647.06	 
	40.	 	Osceola, Missouri	 	OP	 	12/1/2012	 	 	7.65	%	 	$	83,232.72	 	 	$	1,088,009.41	 
	41.	 	Lacy Lakeview, Texas	 	RSBR	 	1/31/2013	 	 	7.65	%	 	$	86,616.35	 	 	$	1,132,239.87	 
	42.	 	Cedar Creek, Texas	 	RSBR	 	1/31/2013	 	 	7.65	%	 	$	87,153.31	 	 	$	1,139,258.95	 
	43.	 	Victoria, Minnesota	 	RSBR	 	1/31/2013	 	 	7.65	%	 	$	81,272.25	 	 	$	1,062,382.35	 
	44.	 	Converse, Texas	 	RSBR	 	1/31/2013	 	 	7.65	%	 	$	82,250.00	 	 	$	1,075,163.40	 
	45.	 	New Braunsfel, Texas	 	RSBR	 	1/31/2013	 	 	7.65	%	 	$	84,848.50	 	 	$	1,109,130.72	 
	46.	 	Melrose, Minnesota	 	OP	 	3/2/2013	 	 	7.65	%	 	$	85,798.28	 	 	$	1,121,546.14	 
	47.	 	Virginia, Minnesota	 	OP	 	3/2/2013	 	 	7.65	%	 	$	87,428.87	 	 	$	1,142,861.05	 

 

    	 

    	 

    

 

	48.	 	Aurora, Missouri	 	RBA	 	3/2/2013	 	 	7.65	%	 	$	87,476.14	 	 	$	1,143,478.95	 
	49.	 	Eldon, Missouri	 	RSBR	 	3/2/2013	 	 	7.65	%	 	$	92,565.30	 	 	$	1,210,003.92	 
	50.	 	Scissors Donna, Texas	 	RBA	 	3/2/2013	 	 	7.65	%	 	$	86,132.49	 	 	$	1,125,914.90	 
	51.	 	Edinburg (Monte C), Texas	 	RSBR	 	4/2/2013	 	 	7.65	%	 	$	90,484.88	 	 	$	1,182,808.89	 
	52.	 	Blessing, Texas	 	OP	 	4/2/2013	 	 	7.65	%	 	$	74,384.04	 	 	$	972,340.39	 
	53.	 	Lake Belton, Texas	 	OP	 	4/2/2013	 	 	7.65	%	 	$	80,038,56	 	 	$	1,046,255.69	 
	54.	 	Mission (Doffing), Texas	 	RSBR	 	5/2/2013	 	 	7.65	%	 	$	84,853.56	 	 	$	1,109,196.86	 
	55.	 	Skidmore, Texas	 	RSBR	 	3/2/2013	 	 	7.65	%	 	$	80,714.02	 	 	$	1,055,085.23	 
	56.	 	Esterville, Iowa	 	RSBR	 	5/2/2013	 	 	7.65	%	 	$	100,165.00	 	 	$	1,309,346.41	 
	57.	 	Olivia, Minnesota	 	OP	 	4/3/2013	 	 	7.65	%	 	$	87,495.96	 	 	$	1,143,738.04	 
	58.	 	SA Castroville, Texas	 	RSBR	 	5/3/2013	 	 	7.65	%	 	$	97,408.32	 	 	$	1,273,311.37	 
	59.	 	Montgomery, Minnesota	 	RSBR	 	5/2/2013	 	 	7.65	%	 	$	78,094.56	 	 	$	1,020,843.92	 
	60.	 	Lubbock, Texas	 	RSBR	 	5/2/2013	 	 	7.65	%	 	$	76,537.08	 	 	$	1,000,484.71	 
	61.	 	Fairbury, Illinois	 	RSBR	 	5/2/2013	 	 	7.65	%	 	$	86,387.80	 	 	$	1,129,252.29	 
	62.	 	Moody, Texas	 	RSBR	 	5/2/2013	 	 	7.65	%	 	$	73,948.08	 	 	$	966,641.57	 
	63.	 	Springfield, MN	 	RSBR	 	5/31/2013	 	 	7.65	%	 	$	79,410.50	 	 	$	1,038,045.75	 
	64.	 	Amarillo, Texas	 	RSBR	 	6/2/2013	 	 	7.65	%	 	$	88,474.50	 	 	$	1,156,529.41	 
	65.	 	Eagle Grove. Iowa	 	RSBR	 	5/2/2013	 	 	7.65	%	 	$	89,511,57	 	 	$	1,170,085.88	 
	66.	 	Farmington, NM (South)	 	RSBR	 	5/2/2013	 	 	7.65	%	 	$	99,503.28	 	 	$	1,300,696.47	 
	67.	 	Sullivan, Missouri	 	RSBR	 	5/2/2013	 	 	7.65	%	 	$	86,748.93	 	 	$	1,133,972.94	 
	68.	 	Flora Vista, New Mexico	 	RBA	 	5/31/2013	 	 	7.65	%	 	$	103,566.33	 	 	$	1,353,808.24	 
	69.	 	Buda, Texas	 	RBA	 	5/31/2013	 	 	7.65	%	 	$	85,363.29	 	 	$	1,115,860.00	 
	70.	 	Joplin, Missouri	 	RBA	 	5/31/2013	 	 	7.65	%	 	$	86,533.92	 	 	$	1,131,162.35	 
	71.	 	S A Moursand, TX	 	RSBR	 	5/31/2013	 	 	7.65	%	 	$	98,123.67	 	 	$	1,282,662.35	 
	72.	 	Poplar Bluff, Missouri	 	RBA	 	5/31/2013	 	 	7.65	%	 	$	82,403.63	 	 	$	1,077,171.63	 

 

    	 

    	 

    

 

	73.	 	Annandale, Minnesota	 	OP	 	5/31/2012	 	 	7.65	%	 	$	94,402.53	 	 	$	1,234,020.00	 

 

    	 

    	 

    

 

SCHEDULE 2

 

LEASES

 

    	 

    	 

    

 

EXHIBIT A

FORM OF ASSIGNMENT AND ASSUMPTION
OF LEASE

 

                                                      
(“Assignor”), in consideration of the sum of Ten and No/100 Dollars ($10.00) in hand paid and other good and valuable
consideration, the receipt of which is hereby acknowledged, hereby assigns, transfers, sets over and conveys to                                                           
(“Assignee”), all of Assignor's right, title and interest in and to that certain Lease dated                                ,
between Assignor and                                                
d/b/a “Dollar General” (the “Lease”), including any and all security deposits thereunder (the “Assignment”).

 

Assignee hereby accepts
this Assignment and assumes performance of all of the covenants, agreements, terms, provisions, conditions, limitations and other
obligations accruing or to be paid or performed on the part of the Assignor under the Lease on or after the date hereof, other
than the obligations set forth in Section 2 of the Lease, which shall remain the obligation of Assignor.

 

Assignor does hereby
agree to defend, indemnify and hold harmless Assignee from any liability, damages (excluding speculative damages, consequential
damages and lost profits), causes of action, expenses and reasonable attorneys' fees incurred by Assignee by reason of the failure
of Assignor to: (A) have fulfilled, performed and discharged all of the various commitments, obligations and liabilities of the
lessor, or landlord under and by virtue of the Lease prior to the date of this Assignment, or (B) have complied with, or to comply
with after the date hereof, its obligations under Section 1(g) of the Lease, or (C) have complied with, or to comply with after
the date hereof, its obligations under Section 2 of the Lease.

 

Notwithstanding this
Assignment, Assignor hereby covenants and agrees that Assignor shall remain liable to comply with the obligations of Landlord under
Section 1(g) of the Lease with respect to any real property which Assignor, directly or indirectly, may now or hereafter own, lease
or control and which is contiguous to, or which is within one (1) mile of any boundary of the property leased to Dollar General
pursuant to the Lease.

 

Notwithstanding this
Assignment, Assignor hereby covenants and agrees that Assignor shall remain liable to comply with the obligations of Landlord under
Section 2 of the Lease, including, without limitation, satisfying the requirements of the Evidence of Completion and warranting,
and correcting to the extent necessary, Landlord’s Work against patent and latent defects as set forth in the Lease.

 

Assignee does hereby
agree to defend, indemnify and hold harmless Assignor from any liability, damages (excluding speculative damages, consequential
damages

 

    	A-1

    	 

    

 

and lost profits), causes of action, expenses
and reasonable attorneys' fees incurred by Assignor by reason of the failure of Assignee to have fulfilled, performed and discharged
all of the various commitments, obligations and liabilities of landlord under and by virtue of the Lease subsequent to the date
of this Assignment (other than with respect to the obligations under Section 2 of the Lease, which shall remain the obligation
of Assignor).

 

    	A-1

    	 

    

 

IN WITNESS WHEREOF,
Assignor has executed this Assignment and Assumption of Lease this         day of                   ,
2012, which Assignment is effective this date.

 

	 	ASSIGNOR:
	 	 
	 	SELLER’S NAME,
	 	Seller’s Entity Type
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	 	ASSIGNEE:
	 	 
	 	ASSIGNEE’S NAME,
	 	Assignee’s Entity Type
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

  

    	A-1

    	 

    

 

EXHIBIT B

 

FORM OF BILL OF SALE

 

For
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, SELLER’S NAME, Seller’s
Entity Type, having an address at                                                              (“Seller”),
hereby bargains, sells, conveys and
transfers       
to                                                                  (“Buyer”),
a                                                           ,
all of Seller’s right, title and interest in and to those certain items of personal and intangible property
(including any warranty made by third parties in connection with the same and the right to sue on any claim for relief under
such warranties) (the “Personal Property”) located at or held in connection with that certain real property
located in the State of                                    ,
except as set forth in that certain Agreement for Purchase and Sale of Real Property dated                         ,
2012 by and between Seller and Buyer.

 

Seller has not made
and does not make any express or implied warranty or representation of any kind whatsoever with respect to the Personal Property,
including, without limitation, with respect to title, merchantability of the Personal Property or its fitness for any particular
purpose, the design or condition of the Personal Property; the quality or capacity of the Personal Property; workmanship or compliance
of the Personal Property with the requirements of any law, rule, specification or contract pertaining thereto; patent infringement
or latent defects. Buyer accepts the Personal Property on an “as is, where is” basis.

 

IN WITNESS WHEREOF,
Seller has caused this instrument to be executed and delivered as of this          day of                ,
2012.

 

	 	SELLER:
	 	 
	 	SELLER’S NAME,
	 	Seller’s Entity Type
	 	 
	 	By:	 	 
	 	Name:	 
	 	Title:	 

 

    	B-1

    	 

    

 

EXHIBIT C

 

FORM OF

ASSIGNMENT OF CONTRACTS, PERMITS, LICENSES
AND WARRANTIES

 

THIS ASSIGNMENT, made as of the
         day of                ,
2012, by                             
SELLER’S NAME, a                                                         
limited liability company (“Assignor”), to                                                         ,
a                                                         
(“Assignee”).

 

WITNESSETH:

 

WHEREAS, by that certain Agreement for Purchase and Sale of
Real Property (the “Purchase Agreement”) dated as of              ,
2012, between Assignor and Assignee, Assignee has agreed to purchase from Assignor as of the date hereof, and Assignor has agreed
to sell to Assignee, that certain property located at                                                                 
(the “Property”); and

 

WHEREAS, Assignor desires to assign to Assignee as of the date
hereof all of Assignor’s right, title and interest in contracts, permits, trademarks, licenses and warranties held by Assignor
in connection with the Property (collectively, the “Contracts”).

 

NOW THEREFORE, in consideration of the premises and the mutual
covenants herein contained, the Assignor hereby assigns, sets over and transfers unto Assignee to have and to hold from and after
the date hereof all of the right, title and interest of Assignor in, to and under the Contracts.

 

This Assignment shall be governed by the laws of the State of
                            ,
applicable to agreements made and to be performed entirely within said State.

 

IN WITNESS WHEREOF, Assignor has duly executed this Assignment
as of the date first above written.

 

	 	ASSIGNOR:
	 	 
	 	SELLER’S NAME,
	 	Seller’s Entity Type
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

  

    	C-1

    	 

    

 

EXHIBIT D 

 

FORM OF TENANT ESTOPPEL

 

(see attached)

 

    	 

    	 

    

 

TENANT ESTOPPEL CERTIFICATE

 

	
        

         

        DOLLAR

        GENERAL 

        CORPORATION
	
        

         

         

        100 Mission Ridge / Goodlettsville, TN
        37072 / Phone 615-855-4000

 Company Growth Administration Department / Fax 615-855-4663

 

ESTOPPEL CERTIFICATE

 

	[Insert Lender's name and address]
	 	 
	 	 
	 	 

 

Demised Premises:
DOLLAR GENERAL STORE #             

ADDRESS:                                                                          

CITY / STATE / ZIP:                                                          

 

THIS IS TO CERTIFY THAT THE FOLLOWING IS TRUE AND CORRECT:

 

		1.	That the undersigned is the tenant
                                                                under that certain Lease dated                                                           
                                                                  (the "Lease") conveying a leasehold interest in
                                                                the property described therein.

 

		2.	That the Lease is in full force
                                                                and effect and has not been modified (except as set forth following
                                                                this sentence).                                                           

 

		3.	That the monthly base rent due under the Lease has not been paid more than thirty (30) days in
advance.

 

		4.	That, to Tenant’s knowledge
                                                                as of the date hereof, Landlord is not in default under the Lease
                                                                (except as set forth following this sentence).                                                           

 

IN WITNESS WHEREOF, the undersigned has
executed this certificate on behalf of Tenant.

 

	 	TENANT:	 

 

	 	By:	 

 

	 	Name: 	Maurice A Laliberte
	 	 	 
	 	Its:	Vice President
	 	 	Lease Administration
	 	Date:	 

 

    	-47-

    	 

    

 

EXHIBIT E

 

FORM OF SNDA

(see attached)

    	 

    	 

    

 

EXHIBIT I

 

SNDA

 

	After recording please return to:	 
	 	 
	Vena Bridgeman	 
	Dollar General Corporation	 
	100 Mission Ridge	
	Goodlettsville TN  37072

 

SUBORDINATION, ATTORNMENT AND

NON-DISTURBANCE AGREEMENT

 

This
Subordination, Attornment and Non-Disturbance Agreement (“Agreement”) made to be effective this               day
of                                   
200            , by and between                                               a                                        (“Tennant”),
and                            ,                                      (“Mortgagee”).

 

STATEMENT OF PURPOSE

 

		1.	Mortgagee is the holder of a deed of trust, dated                  ,                                                                              
                                                                  (“Mortgage”) on the real estate described
                                                                on Exhibit A attached hereto and incorporated herein by
                                                                reference, which Mortgage is recorded in the Office of the                             
                                                                  of                             
                                                                 County,                             .

 

		2.	Tenant and                                                         
(“Landlord”) have entered into that certain lease dated                                                         
(the “Lease”).

 

		3.	Tenant and Mortgagee desire to confirm their understanding with respect to the lease and the Mortgage.

 

AGREEMENT

 

NOW, I THEREFORE, in consideration of mutual covenants
and agreements, together with $1.00 and other valuable consideration, the adequacy, sufficiency and receipt of which are hereby
acknowledged by the parties. Mortgagee and Tenant hereby agree and covenant as follows.

 

		1.	The Lease shall be subject and subordinate to the Mortgage and to all renewals modifications
of extensions thereof.

 

		2.	Provided Tenant is not in material
default (beyond any period given Tenant to cure such default) in the payment of rent or in the performance of any of its terms,
covenants or conditions of the Lease to be performed by Tenant, (i) Tenant’s rights and privileges

 

    	-48-

    	 

    

  

	 	 	under the Lease shall hot 
                                                                be diminished or interfered with by Mortgagee; (ii) Tenant's occupancy of the Demised Premises shall not be disturbed by
                                                                Mortgagee for any reason whatsoever during the Lease term (iii) Mortgagee shall not in any manner disaffirm the Lease; and
                                                                (iv) Tenant shall not be named a party to any foreclosure proceeding unless required by state law.
	 	 	 
		3.	If the interests of Landlord are transferred to Mortgagee by reason of foreclosure or other
                                                                proceedings brought by Mortgagee and Mortgagee succeeds to
                                                                the interest of Landlord under the Lease. Tenant shall be bound to Mortgagee under all of the terms, covenants and conditions
                                                                of the Lease for the balance of the  Lease Term with the same force and effect at it Mortgagee were Landlord under the Lease,
                                                                and Tenant does hereby attorn to Mortgagee as its Landlord, said attornment to be effective and self-operative without the
                                                                execution of any further instruments on the part of any of the parties hereto immediately upon Mortgagee succeeding to the
                                                                interest of Landlord under the Lease. Tenant shall be under no obligation to pay rent to Mortgagee until Tenant receives
                                                                written notice from Mortgagee that it has succeeded to the interest of Landlord under the Lease. Tenant may rely on such
                                                                written notice and begin rent paying to Mortgagee without taking further action and Tenant shall incur no liability to
                                                                Landlord in the event Tenant relies in good faith on such written notice to begin rent payments to Mortgagee. The respective
                                                                rights and obligations of Tenant and Mortgagee upon such attornment (including, but not limited to, the disposition of fire
                                                                insurance proceeds and/or condemnation awards) to the extent of the then remaining balance of the Lease Term shall be and are
                                                                the same as set forth in the Lease it being the intention of the parties to incorporate the case in Agreement by reference
                                                                with the same force and effect as if set forth herein.

 

		4.	If Mortgagee succeeds to the interest of Landlord under the Lease Mortgagee shall assume Landlord
obligations under the Lease and be bound to Tenant under all terms, covenants and conditions of the lease and Tenant shall, from
and after Mortgagee’s succession to the interest of Landlord under the Lease have the same remedies against Mortgagee for the
breach of any provision contained in the Lease after the date of Mortgagee’s succession to the interest of Landlord under the
Lease that Tenant might have had under the Lease against Landlord if Mortgagee had not succeeded to the interest of Landlord.

 

		5.	All notices consents and other communications pursuant to the provisions of this Agreement
                                                                shall be given and deemed to have been properly served if delivered in writing (i) by certified mail, (ii) by a nationally
                                                                recognized overnight courier providing signed proof of delivery or refusal thereof or (iii)  by facsimile: provided that  a
                                                                second copy of such notice is given by another method provided for herein on the date of the facsimile notice. Notices shall
                                                                addressed as follows:

 

	If to Mortgagee:	 	 
	 	 	 
	 	 	 
	ATTN:	 	 
	If to Tenant:	 	 
	 	 	100 MISSION RIDGE
	 	 	GOODLETTSVILLE TN 37072
	ATTN:	 	VICE PRESIDENT
	 	 	 
	with a copy to:	 	 
	 	 	100 MISSION RIDGE
	 	 	GOODLETTSVILLE TN 37072
	ATTN:	 	GENERAL COUNSEL
	 	 	FACSIMILE 615 8554663
	 	 	TELEPHONE:(615) 855-1000

 

Date of service of notice
served by mail shall be the date which is three (3) days after the date on which such is deposited in a post office of
the United States Post Office Department, certified mail, return receipt requested. Date of service by any other method

 

    	-49-

    	 

    

  

shall
be the date of receipt. Each party may designate a change of address by notice to the other party, given at least
fifteen (15) days before such  change address is to became effective. Final  execution and delivery of this Agreement is
in the State of Tennessee and shall be consumed in accordance with the laws of the state where the Denused Premises
are located notwithstanding its conflict of laws provisions.

 

		6.	The
                                                                                                                             Lease
                                                                                                                             now
                                                                                                                             is,
                                                                                                                             and
                                                                                                                             shall
                                                                                                                             at
                                                                                                                             all
                                                                                                                             times
                                                                                                                             continue
                                                                                                                             to
                                                                                                                             be,
                                                                                                                             subject
                                                                                                                             and
                                                                                                                             subordinate in
                                                                                                                             each
                                                                                                                             and
                                                                                                                             every
                                                                                                                             respect
                                                                                                                             to
                                                                                                                             the
                                                                                                                             Mortgage
                                                                                                                             and
                                                                                                                             to
                                                                                                                             any
                                                                                                                             and
                                                                                                                             all
                                                                                                                             renewals,
                                                                                                                             modifications
                                                                                                                             and
                                                                                                                             extensions,
                                                                                                                             but
                                                                                                                             any
                                                                                                                             and
                                                                                                                             all
                                                                                                                             such
                                                                                                                             renewals,
                                                                                                                             modifications
                                                                                                                             and
                                                                                                                             extensions
                                                                                                                             shall
                                                                                                                             nevertheless
                                                                                                                             be
                                                                                                                             subject
                                                                                                                             to
                                                                                                                             and
                                                                                                                             untitled
                                                                                                                             to
                                                                                                                             the
                                                                                                                             benefits
                                                                                                                             of
                                                                                                                             the terms of this
                                                                                                                             Agreement.

 

		7	This Agreement may not be modified orally or in any other manner
than by an agreement in writing signed by both parties hereto
or their respective successor in interest. This Agreement shall ensure to the benefit of and be binding upon the parties hereto,
their successors and assigns.

 

		8.	Capitalized term not defined herein shall have the definitions
given them in Lease.

 

		9.	Tenant hereby executes and agrees to the provisions of
                                                                                                         this                                                                                                          Subordination,
                                                                                                         Attornment and Non-Disturbance Agreement as of the date hereof, which approval shall be null and viod if a fully executed
                                                                                                         and recorded originals of this agreement shall not be received by Tenant
                                                                                                         no                                                                                                          later
                                                                                                         than thirty (30)                                                                                                          days
                                                                                                         from the date of this Agreement.

 

IN
WITNESS WHEREOF the parties hereto have hereunder
caused this Agreement to be daily executed on the dates shown hereinafter below.

 

	Date: _____________________	 	TEN ANTT:
	 	 	 
	 	BY:	 
	 	 	 
	 	 	 
	WITNESS:	 	NAME: MAURICE A LALIBERTE
	 	 	 
	 	 	 
	 	 	ITS: VICE PRESIDENT
    LEASE
 ADMINISTRATION
	 	 	 
	DATE: ____________________	 	MORTGAGEE
	 	 	 
	 	BY:	 
	 	 	 
	WITNESS:	 	NAME:
	 	 	 
	 	 	ITS:
	 	 	 

 

    	-50-

    	 

    

 

	STATE
    OF TENNESSEE 	)
	 	)
    SS
	county
    of DAVIDSON	)

 

Before
me, the undersigned Notary Public of the State and County aforesaid, personally appeared Maurice A. Laliberte, with whom I am
personally acquainted, or proved to me on the basis of
satisfactory evidence and who, upon oath, acknowledged himself to be the Vice President Lease
Administration ____________________ a ___________________, and that he as Vice President Lease Administration, begin
authorized to do so, executed the Subordination. Attornment and Non-Disturbance Agreement for the purpose therein contained
by signing the name of the corporation by himself as such Vice President Lease Administrations as his own free act and
deed.

 

Witness
my hand at office this        day of ________, 20__________.

 

	 	 	 
	 	Notary Public	 
	 	 
	 	My commission: ________________________________	 

  

    	-51-

    	 

    

 

	STATE  OF _________________	)
	 	) SS
	COUNTY OF________________	)

 

I, the
undersigned authority, a Notary Public in and for said State and county.
hereby certify that________________, whose name as ______________________of_____________________________________, is
signed to the foregoing instrument, and who is known to me, acknowledged before me on this day that, being informed of the
contents of the above and foregoing instrument, he as such officer and with full authority, executed the same voluntary for
and as the act of said ___________________.

 

Given
under my hand and seal this_______ day of_______, 
20____.

 

	 	 	 
	 	Notary Public	 
	 	 
	 	My commission expires: _________________________________	 

 

    	-52-

    	 

    

 

EXHIBIT
F

 

FORM
OF NOTICE TO TENANT

 

		TO:	[Tenant]

 

		Re:	Noticeof Change of Ownership of ____________________________________________

 

Ladies
and Gentlemen:

 

You
arc hereby notified as follows:

 

That
as of the date hereof, the undersigned has transferred, sold, assigned, and conveyed all of its right, title and interest in
and to the above-described property, (the “Property”) to [INSERT NAME OF BUYER] (the “New
Owner”) and assigned to New Owner, all of the undersigned’s right, title and interest under that certain
Lease, dated __________, between____________ as tenant and _____________________ as landlord (the “Lease”).

 

Accordingly,
New Owner is the landlord under the Lease and future notices and rental payments with respect to your leased premises at the Property
should be made to the New Owner in accordance with your lease terms at the following address:

 

	 	 	 
	 	 	 
	 	 	 

 

Please
note that you should contact your insurance broker and notify them to send to New Owner a revised Certificate of Insurance replacing
the former owner as the additional named insured with that of New Owner as the additional named insured. The name of the Lender
named as the other additional named insured should be changed to                                                  .

 

	 	Very truly yours,
	 	[LANDLORD]

 

	 	By:	 
	 	Name:	 
	 	Title :PCP 20130815 8-K Exhibit 10.1

Exhibit 10.1
2001 STOCK INCENTIVE PLAN, AS AMENDED

1.    Purpose.  The purpose of this 2001 Stock Incentive Plan (the “Plan”) is to enable Precision Castparts Corp. (the “Company”) to attract and retain the services of (i) selected employees, officers and directors of the Company or any parent or subsidiary of the Company and (ii) selected nonemployee agents, consultants, advisers and independent contractors of the Company or any parent or subsidiary of the Company.  For purposes of this Plan, a person is considered to be employed by or in the service of the Company if the person is employed by or in the service of any entity (the “Employer”) that is either the Company or a parent or subsidiary of the Company.  As used in this Section 1, the term “subsidiary” shall include corporations, limited liability companies, partnerships or other entities directly or indirectly controlled by the Company.

2.    Shares Subject to the Plan.  Subject to adjustment as provided below and in Section 10, the shares to be offered under the Plan shall consist of Common Stock of the Company, and the total number of shares of Common Stock that may be issued under the Plan shall be 15,273,682 shares, plus the number of shares subject to outstanding stock options as of May 30, 2008 under the Company’s 1999 Nonqualified Stock Option Plan that expire or terminate after May 30, 2008 and on or before May 30, 2018 without being exercised.  Any shares granted as options or stock appreciation rights are counted against this limit as one share for every one share granted.  Any shares granted as awards other than options or stock appreciation rights are counted against this limit as two shares for every one share granted.  If an option, stock appreciation right or Performance-Based Award (as defined in Section 9 below) granted under the Plan expires, terminates or is canceled, the unissued shares subject to that option, stock appreciation right or Performance-Based Award shall again be available under the Plan.  If shares awarded as a bonus pursuant to Section 7 or sold pursuant to Section 8 under the Plan are forfeited to or repurchased by the Company, the number of shares forfeited or repurchased (multiplied by two) shall again be available under the Plan.  If restricted stock units awarded under Section 8 are cancelled or forfeited, the number of shares of Common Stock deliverable in connection with such restricted stock units (multiplied by two) shall again be available under the Plan.  

3.    Effective Date and Duration of Plan.

3.1    Effective Date.  The Plan shall become effective as of May 24, 2001.  No Incentive Stock Option (as defined in Section 5 below) granted under the Plan shall become exercisable and no payments shall be made under a Performance-Based Award, however, until the Plan is approved by the affirmative vote of the holders of a majority of the shares of Common Stock represented at a shareholders meeting at which a quorum is present or by means of consent resolutions, and the exercise of any Incentive Stock Options granted under the Plan before approval shall be conditioned on and subject to that approval.  Subject to this limitation, options, stock appreciation rights and Performance-Based Awards may be granted and shares may be awarded as bonuses or sold under the Plan at any time after the effective date and before termination of the Plan.

3.2    Duration.  The Plan shall continue in effect until all shares available for issuance under the Plan have been issued and all restrictions on the shares have lapsed.  The Board of Directors may suspend or terminate the Plan at any time except with respect to options and shares subject to restrictions then outstanding under the Plan.  Termination shall not affect any outstanding awards or any right of the Company to repurchase shares or the forfeitability of shares issued under the Plan.

4.    Administration.

4.1    Board of Directors.  The Plan shall be administered by the Board of Directors of the Company, which shall determine and designate the individuals to whom awards shall be made, the amount of the awards and the other terms and conditions of the awards.  Subject to the provisions of the Plan, the Board of Directors may adopt and amend rules and regulations relating to administration of the Plan, advance the lapse of any waiting period, accelerate any exercise date, waive or modify any restriction applicable to shares (except those restrictions imposed by law) and make all other determinations in the judgment of the Board of Directors necessary or desirable for the administration of the Plan.  The interpretation and construction of the provisions of the Plan and related agreements by the Board of Directors shall be final and conclusive.  The Board of Directors may correct any defect or supply any omission or reconcile any inconsistency in the Plan or in any related agreement in the manner and to the extent it deems expedient to carry the Plan into effect, and the Board of Directors shall be the sole and final judge of such expediency.

4.2    Committee.  The Board of Directors may delegate to any committee of the Board of Directors (the “Committee”) any or all authority for administration of the Plan.  Authority to make discretionary awards to non-employee directors of the Company shall be delegated to a Committee comprised entirely of independent directors.  If authority is delegated to the Committee, all references to the Board of Directors in the Plan shall mean and relate to the Committee, except (i) as otherwise 

1

provided by the Board of Directors and (ii) that only the Board of Directors may amend or terminate the Plan as provided in Sections 3 and 11.

5.    Awards.  

5.1    Types of Awards, Eligibility, Limitations.  The Board of Directors may, from time to time, take the following actions, separately or in combination, under the Plan: (i) grant Incentive Stock Options, as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), as provided in Sections 6.1 and 6.2; (ii) grant options other than Incentive Stock Options (“Non‐Statutory Stock Options”) as provided in Sections 6.1 and 6.3; (iii) grant stock appreciation rights as provided in Section 6.4; (iv) award stock bonuses as provided in Section 7; (v) issue shares subject to restrictions as provided in Section 8.1; (vi) grant restricted stock units as provided in Section 8.2; and (vii) award Performance-Based Awards as provided in Section 9.  Awards may be made to employees, including employees who are officers or directors, and to other individuals described in Section 1 selected by the Board of Directors; provided, however, that only employees of the Company or any parent or subsidiary of the Company (as defined in subsections 424(e) and 424(f) of the Code) are eligible to receive Incentive Stock Options under the Plan.  The Board of Directors shall select the individuals to whom awards shall be made and shall specify the action taken with respect to each individual to whom an award is made.  At the discretion of the Board of Directors and except as provided in Section 5.2, an individual may be given an election to surrender an award in exchange for the grant of a new award.  No employee may be granted options or stock appreciation rights for more than an aggregate of 1,000,000 shares of Common Stock in the calendar year in which the employee is hired or 600,000 shares of Common Stock in any other calendar year. 

5.2    No Repricing of Options.   Notwithstanding anything to the contrary in the Plan, the Company shall not engage in any repricing of options granted under the Plan without further shareholder approval.  For this purpose, the term “repricing” shall mean any of the following or any other action that has the same effect:  (i) lowering the exercise price of an option after it is granted (except in accordance with Section 10), (ii) buying-out an outstanding option at a time when its exercise price exceeds the fair market value of the underlying stock for cash or shares, (iii) any other action that is treated as a repricing under generally accepted accounting principles, or (iv) canceling an option at a time when its exercise price exceeds the fair market value of the underlying stock in exchange for another option, restricted stock, or other equity of the Company, unless the cancellation and exchange occurs in connection with a merger, acquisition, spin-off, or similar corporate transaction.

6.    Stock Options; Stock Appreciation Rights.

6.1    General Rules Relating to Options.

6.1-1    Terms of Grant.  The Board of Directors may grant options under the Plan.  With respect to each option grant, the Board of Directors shall determine the number of shares subject to the option, the exercise price, the period of the option, the time or times at which the option may be exercised and whether the option is an Incentive Stock Option or a Non‐Statutory Stock Option.

6.1-2    Nontransferability.  Each Incentive Stock Option and, unless otherwise determined by the Board of Directors, each other option granted under the Plan by its terms (i) shall be nonassignable and nontransferable by the optionee, either voluntarily or by operation of law, except by will or by the laws of descent and distribution of the state or country of the optionee’s domicile at the time of death, and (ii) during the optionee’s lifetime, shall be exercisable only by the optionee.

6.1-3    Payment on Exercise.  Unless the Board of Directors determines otherwise, on or before the date specified for completion of the purchase of shares pursuant to an option exercise, the optionee must pay the Company the full purchase price of those shares in cash or by check or, with the consent of the Board of Directors, in whole or in part, in Common Stock of the Company valued at fair market value, restricted stock or other contingent awards denominated in either stock or cash, promissory notes and other forms of consideration. The fair market value of Common Stock provided in payment of the purchase price shall be the closing price of the Common Stock last reported before the time payment in Common Stock is made or, if earlier, committed to be made, if the Common Stock is publicly traded, or another value of the Common Stock as specified by the Board of Directors.  No shares shall be issued until full payment for the shares has been made, including all amounts owed for tax withholding.  With the consent of the Board of Directors, an optionee may request the Company to apply automatically the shares to be received upon the exercise of a portion of a stock option (even though stock certificates have not yet been issued) to satisfy the purchase price for additional portions of the option.

6.1-4    Limitations on Grants to Non-Exempt Employees.  Unless otherwise determined by the Board of Directors, if an employee of the Company or any parent or subsidiary of the Company is a non-exempt employee subject to the 

2

overtime compensation provisions of Section 7 of the Fair Labor Standards Act (the “FLSA”), any option granted to that employee shall be subject to the following restrictions: (i) the option price shall be at least 100 percent of the fair market value, as described in Section 6.3-1, of the Common Stock subject to the option on the date it is granted; and (ii) the option shall not be exercisable until at least six months after the date it is granted; provided, however, that this six-month restriction on exercisability will cease to apply if the employee dies, becomes disabled or retires, there is a change in ownership of the Company, or in other circumstances permitted by regulation, all as prescribed in Section 7(e)(8)(B) of the FLSA.

6.2    Incentive Stock Options.  Incentive Stock Options shall be subject to the following additional terms and conditions:

6.2-1    Limitation on Amount of Grants.  If the aggregate fair market value of stock (determined as of the date the option is granted) for which Incentive Stock Options granted under this Plan (and any other stock incentive plan of the Company or its parent or subsidiary corporations, as defined in subsections 424(e) and 424(f) of the Code) are exercisable for the first time by an employee during any calendar year exceeds $100,000, the portion of the option or options not exceeding $100,000, to the extent of whole shares, will be treated as an Incentive Stock Option and the remaining portion of the option or options will be treated as a Non-Statutory Stock Option.  The preceding sentence will be applied by taking options into account in the order in which they were granted.  If, under the $100,000 limitation, a portion of an option is treated as an Incentive Stock Option and the remaining portion of the option is treated as a Non‐Statutory Stock Option, unless the optionee designates otherwise at the time of exercise, the optionee’s exercise of all or a portion of the option will be treated as the exercise of the Incentive Stock Option portion of the option to the full extent permitted under the $100,000 limitation.  If an optionee exercises an option that is treated as in part an Incentive Stock Option and in part a Non-Statutory Stock Option, the Company will designate the portion of the stock acquired pursuant to the exercise of the Incentive Stock Option portion as Incentive Stock Option stock by issuing a separate certificate for that portion of the stock and identifying the certificate as Incentive Stock Option stock in its stock records. 

6.2-2    Limitations on Grants to 10 Percent Shareholders.  An Incentive Stock Option may be granted under the Plan to an employee possessing more than 10 percent of the total combined voting power of all classes of stock of the Company or any parent or subsidiary (as defined in subsections 424(e) and 424(f) of the Code) only if the option price is at least 110 percent of the fair market value, as described in Section 6.2-4, of the Common Stock subject to the option on the date it is granted and the option by its terms is not exercisable after the expiration of five years from the date it is granted.

6.2-3    Duration of Options.  Subject to Sections 6.5-1, 6.5-2 and 6.2-2, Incentive Stock Options granted under the Plan shall continue in effect for the period fixed by the Board of Directors, except that by its terms no Incentive Stock Option shall be exercisable after the expiration of 10 years from the date it is granted.

6.2-4    Option Price.  The option price per share shall be determined by the Board of Directors at the time of grant.  Except as provided in Section 6.2-2, the option price shall not be less than 100 percent of the fair market value of the Common Stock covered by the Incentive Stock Option at the date the option is granted.  The fair market value shall be the closing price of the Common Stock last reported before the time the option is granted, if the stock is publicly traded, or another value of the Common Stock as specified by the Board of Directors.

6.2-5    Limitation on Time of Grant.  No Incentive Stock Option shall be granted on or after the tenth anniversary of the last action by the Board of Directors adopting the Plan or approving an increase in the number of shares available for issuance under the Plan, which action was subsequently approved within 12 months by the shareholders.

6.2-6    Early Dispositions.  If within two years after an Incentive Stock Option is granted or within 12 months after an Incentive Stock Option is exercised, the optionee sells or otherwise disposes of Common Stock acquired on exercise of the Option, the optionee shall within 30 days of the sale or disposition notify the Company in writing of (i) the date of the sale or disposition, (ii) the amount realized on the sale or disposition and (iii) the nature of the disposition (e.g., sale, gift, etc.).

6.3    Non-Statutory Stock Options.  Non-Statutory Stock Options shall be subject to the following terms and conditions, in addition to those set forth in Section 6.1 above:

6.3-1    Option Price.  The option price for Non‐Statutory Stock Options shall be determined by the Board of Directors at the time of grant, and shall not be less than 100 percent of the fair market value of the Common Stock covered by the Non‐Statutory Stock Option at the date the option is granted.  The fair market value shall be the closing price of the Common Stock last reported before the time the option is granted, the lowest reported sale price on the date of grant, or another value of the Common Stock as specified by the Board of Directors. 

3

6.3-2    Duration of Options.  Non-Statutory Stock Options granted under the Plan shall continue in effect for the period fixed by the Board of Directors, except that by its terms no Non‐Statutory Stock Option shall be exercisable after the expiration of 10 years from the date it is granted.

6.4    Stock Appreciation Rights.  

6.4-1    Grant.  Stock appreciation rights may be granted under the Plan by the Board of Directors, subject to such rules, terms, and conditions as the Board of Directors prescribes.  With respect to any stock options granted after May 19, 2004, the Board of Directors may provide that at a later date stock appreciation rights may be granted in substitution for stock options granted under the Plan.  With respect to each grant, the Board shall determine the number of shares subject to the stock appreciation right, the period of the stock appreciation right, and the time or times at which the stock appreciation right may be exercised.  Stock appreciation rights shall continue in effect for the period fixed by the Board of Directors except that by its terms no stock appreciation right shall be exercisable after the expiration of 10 years from the date it is granted.

6.4-2    Stock Appreciation Rights Granted in Connection with Options.  If a stock appreciation right is granted in connection with an option, the stock appreciation right shall be exercisable only to the extent and on the same conditions that the related option could be exercised.  Upon exercise of a stock appreciation right, any option or portion thereof to which the stock appreciation right relates terminates.  If a stock appreciation right is granted in connection with an option, upon exercise of the option, the stock appreciation right or portion thereof to which the grant relates terminates.

6.4-3    Exercise.  Each stock appreciation right shall entitle the holder, upon exercise, to receive from the Company in exchange therefor an amount equal in value to the excess of the fair market value on the date of exercise of one share of Common Stock of the Company over its fair market value on the date of grant (or, in the case of a stock appreciation right granted in connection with an option, the option price per share under the option to which the stock appreciation right relates), multiplied by the number of shares covered by the stock appreciation right or the option, or portion thereof, that is surrendered.  No stock appreciation right shall be exercisable at a time that the amount determined under this subparagraph is negative.  Payment by the Company upon exercise of a stock appreciation right shall be made in Common Stock valued at fair market value.  For this purpose, the fair market value of the Common Stock shall be the closing price of the Common Stock last reported before the time of exercise, or such other value of the Common Stock as specified by the Board of Directors.

6.4-4    Fractional Shares.  No fractional shares shall be issued upon exercise of a stock appreciation right.  In lieu thereof, cash may be paid in an amount equal to the value of the fraction or, if the Board of Directors shall determine, the number of shares may be rounded downward to the next whole share.

6.4-5    Nontransferability.  Each stock appreciation right granted in connection with an Incentive Stock Option and, unless otherwise determined by the Board of Directors, each other stock appreciation right granted under the Plan by its terms shall be nonassignable and nontransferable by the holder, either voluntarily or by operation of law, except by will or by the laws of descent and distribution of the state or country of the holder’s domicile at the time of death, and each stock appreciation right by its terms shall be exercisable during the holder’s lifetime only by the holder.

6.5    Exercise of Options and Stock Appreciation Rights

6.5-1    Exercise.  Except as provided in Section 6.5-2 or as determined by the Board of Directors, no option or stock appreciation right granted under the Plan may be exercised unless at the time of exercise the holder is employed by or in the service of the Company and shall have been so employed or provided such service continuously since the date the option or stock appreciation right was granted.  Except as provided in Sections 6.5-2 and 10, options and stock appreciation rights granted under the Plan may be exercised from time to time over the period stated in each option or stock appreciation right in amounts and at times prescribed by the Board of Directors, provided that options and stock appreciation rights may not be exercised for fractional shares.  Unless otherwise determined by the Board of Directors, if a holder does not exercise an option or stock appreciation right in any one year for the full number of shares to which the holder is entitled in that year, the holder’s rights shall be cumulative and the holder may acquire those shares in any subsequent year during the term of the option or stock appreciation right. 

6.5-2    Termination of Employment or Service.

6.5-2(a)    General Rule.  Unless otherwise determined by the Board of Directors, if a holder’s employment or service with the Company terminates for any reason other than because of total disability, death or, in the case of 

4

Nonstatutory Stock Options or stock appreciation rights, bona fide early retirement, as provided in Sections 6.5-2(b), (c) and (d), his or her option or stock appreciation right may be exercised at any time before the expiration date of the option or stock appreciation right or the expiration of 3 months (6 months in the case of Nonstatutory Stock Options or stock appreciation rights) after the date of termination, whichever is the shorter period, but only if and to the extent the holder was entitled to exercise the option or stock appreciation right at the date of termination.

6.5-2(b)    Termination Because of Total Disability.  Unless otherwise determined by the Board of Directors, if a holder’s employment or service with the Company terminates because of total disability, his or her option or stock appreciation right may be exercised at any time before the expiration date of the option or stock appreciation right or before the date 3 months after the date of termination (6 months in the case of Nonstatutory Stock Options or stock appreciation rights), whichever is the shorter period, but only if and to the extent the holder was entitled to exercise the option or stock appreciation right at the date of termination.  The term “total disability” means a medically determinable mental or physical impairment that is expected to result in death or has lasted or is expected to last for a continuous period of 12 months or more and that, in the opinion of the Company and two independent physicians, causes the holder to be unable to perform his or her duties as an employee, director, officer or consultant of the Employer and unable to be engaged in any substantial gainful activity.  Total disability shall be deemed to have occurred on the first day after the two independent physicians have furnished their written opinion of total disability to the Company and the Company has reached an opinion of total disability.

6.5-2(c)     Termination Because of Death.  Unless otherwise determined by the Board of Directors, if a holder dies while employed by or providing service to the Company, his or her option or stock appreciation right may be exercised at any time before the expiration date of the option or stock appreciation right or before the date 12 months after the date of death, whichever is the shorter period, but only if and to the extent the holder was entitled to exercise the option or stock appreciation right at the date of death and only by the person or persons to whom the holder’s rights under the option or stock appreciation right shall pass by the holder’s will or by the laws of descent and distribution of the state or country of domicile at the time of death.

6.5-2(d)    Termination Upon Retirement at Normal Retirement Age or at Bona Fide early Retirement.  Unless otherwise determined by the Board of Directors, in the event the employment of a holder by the Company or by any subsidiary of the Company is terminated by retirement at normal retirement age as defined under the provisions of the Company’s Retirement Plan or under conditions of bona fide early retirement, any Non-Statutory Stock Option or stock appreciation right may be exercised at any time prior to its expiration date or the expiration of twelve months after the date of such termination of employment, whichever is the shorter period, but only if and to the extent the holder was entitled to exercise the option or stock appreciation right on the date of such termination.

6.5-2(e)    Amendment of Exercise Period Applicable to Termination.  The Board of Directors may at any time extend the 3-month, 6-month and 12-month exercise periods any length of time not longer than the original expiration date of the option or stock appreciation right.  The Board of Directors may at any time increase the portion of an option or stock appreciation right that is exercisable, subject to terms and conditions determined by the Board of Directors.

6.5-2(f)    Failure to Exercise Option or Stock Appreciation Right.  To the extent that the option or stock appreciation right of any deceased holder or any holder whose employment or service terminates is not exercised within the applicable period, all further rights to purchase shares pursuant to the option or stock appreciation right shall cease and terminate.

6.5-2(g)    Leave of Absence.  Absence on leave approved by the Employer or on account of illness or disability shall not be deemed a termination or interruption of employment or service.  Unless otherwise determined by the Board of Directors, vesting of options and stock appreciation rights shall continue during a medical, family or military leave of absence, whether paid or unpaid, and vesting of options and stock appreciation rights shall be suspended during any other unpaid leave of absence.

6.5-3    Notice of Exercise.  Unless the Board of Directors determines otherwise, shares may be acquired pursuant to an option or stock appreciation right granted under the Plan only upon the Company’s receipt of written notice from the holder of the holder’s binding commitment to purchase shares, specifying the number of shares the holder desires to acquire under the option or stock appreciation right and the date on which the holder agrees to complete the transaction, and, if required to comply with the Securities Act of 1933, containing a representation that it is the holder’s intention to acquire the shares for investment and not with a view to distribution.

6.5-4    Tax Withholding.  Each holder who has exercised an option or stock appreciation right shall, immediately upon notification of the amount due, if any, pay to the Company in cash or by check amounts necessary to satisfy any 

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applicable federal, state and local tax withholding requirements.  If additional withholding is or becomes required (as a result of exercise of an option or stock appreciation right or as a result of disposition of shares acquired pursuant to exercise of an option or stock appreciation right) beyond any amount deposited before delivery of the certificates, the holder shall pay such amount, in cash or by check, to the Company on demand.  If the holder fails to pay the amount demanded, the Company or the Employer may withhold that amount from other amounts payable to the holder, including salary, subject to applicable law.  With the consent of the Board of Directors, a holder may satisfy this obligation, in whole or in part, by instructing the Company to withhold from the shares to be issued upon exercise or by delivering to the Company other shares of Common Stock; provided, however, that the number of shares so withheld or delivered in connection with an option exercise shall not exceed the minimum amount necessary to satisfy the required withholding obligation.

6.5-5    Reduction of Reserved Shares.  Upon the exercise of an option, the number of shares reserved for issuance under the Plan shall be reduced by the number of shares issued upon exercise of the option.  Upon the exercise of a stock appreciation right, all of the shares for which the stock appreciation right is exercised (that is, shares actually issued pursuant to a stock appreciation right, as well as the shares that represent payment of the exercise price) will cease to be available under the Plan. Shares used to pay any withholding taxes and the exercise price of an option will not become available for future grant or sale under the Plan.

7.    Stock Bonuses.  The Board of Directors may award shares under the Plan as stock bonuses.  Shares awarded as a bonus shall be subject to the terms, conditions and restrictions determined by the Board of Directors.  The restrictions may include restrictions concerning transferability and forfeiture of the shares awarded, together with any other restrictions determined by the Board of Directors.  The Board of Directors may require the recipient to sign an agreement as a condition of the award, but may not require the recipient to pay any monetary consideration other than amounts necessary to satisfy tax withholding requirements.  The agreement may contain any terms, conditions, restrictions, representations and warranties required by the Board of Directors.  The certificates representing the shares awarded shall bear any legends required by the Board of Directors.  The Company may require any recipient of a stock bonus to pay to the Company in cash or by check upon demand amounts necessary to satisfy any applicable federal, state or local tax withholding requirements.  If the recipient fails to pay the amount demanded, the Company or the Employer may withhold that amount from other amounts payable to the recipient, including salary, subject to applicable law.  With the consent of the Board of Directors, a recipient may satisfy this obligation, in whole or in part, by instructing the Company to withhold from any shares to be issued or by delivering to the Company other shares of Common Stock; provided, however, that the number of shares so withheld or delivered shall not exceed the minimum amount necessary to satisfy the required withholding obligation.  Upon the issuance of a stock bonus, the number of shares reserved for issuance under the Plan shall be reduced by two times the number of shares issued and by two times the number of shares withheld to satisfy withholding obligations.

8.    Restricted Stock; Restricted Stock Units.  

8.1    Restricted Stock.  The Board of Directors may issue shares under the Plan for any consideration (including promissory notes and services) determined by the Board of Directors.  Shares issued under the Plan shall be subject to the terms, conditions and restrictions determined by the Board of Directors.  The restrictions may include restrictions concerning transferability, repurchase by the Company and forfeiture of the shares issued, together with any other restrictions determined by the Board of Directors.  All Common Stock issued pursuant to this Section 8 shall be subject to a purchase agreement, which shall be executed by the Company and the prospective purchaser of the shares before the delivery of certificates representing the shares to the purchaser.  The purchase agreement may contain any terms, conditions, restrictions, representations and warranties required by the Board of Directors.

8.2    Restricted Stock Units.  The Board of Directors may grant restricted stock units under the Plan, including restricted stock units or deferred stock units that provide for delivery of Common Stock, cash or property at a later date.  Restricted stock units are awards valued in whole or part by reference to, or otherwise based on, shares of Common Stock, and may give the participant the right to receive Common Stock at a later delivery date.  Restricted stock units may be granted for any consideration (including promissory notes and services) determined by the Board of Directors. Restricted stock unit awards may be paid in shares of Common Stock, cash or any other forms of property as the Board of Directors shall determine.  Subject to the provisions of the Plan, the Board of Directors shall determine the participants to whom awards shall be made, the number of shares to be granted pursuant to or by reference to such awards, the time or times at which Common Stock, cash or other property may be delivered pursuant to the restricted stock units, any provisions regarding deferral of  delivery of the Common Stock, including deferrals, at the election of the participants, and all other terms, conditions and restrictions of the awards, including the effect, if any, on the awards of any dividends on the underlying stock.  Unless otherwise determined by the Board of Directors, each restricted stock unit granted under the Plan, and all shares of Common Stock subject to such unit, by its terms shall, prior to the delivery date applicable to the award, be nonassignable 

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and nontransferable by the participant, either voluntarily or by operation of law, except by will or by the laws of descent and distribution of the state or country of the participant’s domicile at the date of death. 

8.3    Other Provisions.  The certificates representing shares of restricted stock or shares issued in connection with restricted stock units shall bear any legends required by the Board of Directors.  The Company may require any participant receiving restricted stock or restricted stock units to pay to the Company in cash or by check upon demand amounts necessary to satisfy any applicable federal, state or local tax withholding requirements.  If the participant fails to pay the amount demanded, the Company or the Employer may withhold that amount from other amounts payable to the participant, including salary, subject to applicable law.  With the consent of the Board of Directors, a participant may satisfy this obligation, in whole or in part, by instructing the Company to withhold from any shares to be issued or by delivering to the Company other shares of Common Stock; provided, however, that the number of shares so withheld or delivered shall not exceed the minimum amount necessary to satisfy the required withholding obligation.  Upon the issuance of restricted stock or the issuance of stock in connection with restricted stock units, the number of shares reserved for issuance under the Plan shall be reduced by two times the number of shares issued and by two times the number of shares withheld to satisfy withholding obligations.

9.    Performance-Based Awards.  The Board of Directors may grant awards intended to qualify as qualified performance-based compensation under Section 162(m) of the Code and the regulations thereunder (“Performance-Based Awards”).  Performance-Based Awards shall be denominated at the time of grant in Common Stock.  Payment under a Performance-Based Award shall be made in Common Stock (“Performance Shares”).  Performance-Based Awards shall be subject to the following terms and conditions:  

9.1    Award Period.  The Board of Directors shall determine the period of time for which a Performance-Based Award is made (the “Award Period”).

9.2    Performance Goals and Payment.  The Board of Directors shall establish in writing objectives (“Performance Goals”) that must be met by the Company or any subsidiary, division or other unit of the Company (“Business Unit”) during the Award Period as a condition to payment being made under the Performance-Based Award.  The Performance Goals for each award shall be one or more targeted levels of performance with respect to one or more of the following objective measures with respect to the Company or any Business Unit:  net income, operating profit, operating profit after set-asides, gross margins, earnings per share, earnings before interest and taxes (“EBIT”), earnings before interest, taxes, depreciation and amortization (“EBITDA”), sales, total revenues, market share, cash flow, generation of free cash, operating working capital, working capital, retained earnings, stock price, total shareholder return, operating expense ratios, return on sales, return on equity, return on capital, return on net assets, return on investments, and inventory turns, in each case either before or after the effect of unplanned acquisitions, divestitures, changes in accounting method, restructuring charges, asset impairment charges, foreign currency translations or other specified non-recurring charges (as determined according to criteria pre-established by the Board of Directors).  The Board of Directors shall also establish the number of Performance Shares to be issued under a Performance-Based Award if the Performance Goals are met or exceeded, including the fixing of a maximum payment (subject to Section 9.4).  The Board of Directors may establish other restrictions to payment under a Performance-Based Award, such as a continued employment requirement, in addition to satisfaction of the Performance Goals.  Some or all of the Performance Shares may be issued at the time of the award as restricted shares subject to forfeiture in whole or in part if Performance Goals or, if applicable, other restrictions are not satisfied. 

9.3    Computation of Payment.  During or after an Award Period, the performance of the Company or Business Unit, as applicable, during the period shall be measured against the Performance Goals.  If the Performance Goals are not met, no payment shall be made under a Performance-Based Award.  If the Performance Goals are met or exceeded, the Board of Directors shall certify that fact in writing and certify the number of Performance Shares earned or the amount of cash payment to be made under the terms of the Performance-Based Award.

9.4    Maximum Awards.  No participant may be granted in the calendar year in which the employee is hired Performance-Based Awards under which the maximum amount issuable is in excess of 500,000 shares of Common Stock or in any other calendar year Performance-Based Awards under which the maximum amount issuable is in excess of 300,000 shares of Common Stock.

9.5    Tax Withholding.  Each participant who has received Performance Shares shall, upon notification of the amount due, pay to the Company in cash or by check amounts necessary to satisfy any applicable federal, state and local tax withholding requirements.  If the participant fails to pay the amount demanded, the Company or the Employer may withhold that amount from other amounts payable to the participant, including salary, subject to applicable law.  With the consent of the Board of Directors, a participant may satisfy this obligation, in whole or in part, by instructing the Company to withhold from any shares to be 

7

issued or by delivering to the Company other shares of Common Stock; provided, however, that the number of shares so delivered or withheld shall not exceed the minimum amount necessary to satisfy the required withholding obligation.

9.6    Effect on Shares Available.  The number of shares of Common Stock reserved for issuance under the Plan shall be reduced by two times the number of shares issued upon payment of an award and by two times the number of shares withheld to satisfy withholding obligations.

10.    Changes in Capital Structure.

10.1    Stock Splits, Stock Dividends.  If the outstanding Common Stock of the Company is hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any stock split, combination of shares, dividend payable in shares, recapitalization or reclassification, appropriate adjustment shall be made by the Board of Directors in the number and kind of shares available for grants under the Plan and in all other share amounts set forth in the Plan.  In addition, the Board of Directors shall make appropriate adjustment in the number and kind of shares as to which outstanding options and stock appreciation rights, or portions thereof then unexercised, shall be exercisable, so that the holder’s proportionate interest before and after the occurrence of the event is maintained.  Notwithstanding the foregoing, the Board of Directors shall have no obligation to effect any adjustment that would or might result in the issuance of fractional shares, and any fractional shares resulting from any adjustment may be disregarded or provided for in any manner determined by the Board of Directors.  Any such adjustments made by the Board of Directors shall be conclusive.

10.2    Mergers, Reorganizations, Etc.  In the event of a merger, consolidation, plan of exchange, acquisition of property or stock, split-up, split-off, spin-off, reorganization or liquidation to which the Company is a party or any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Company (each, a “Transaction”), the Board of Directors shall, in its sole discretion (i) make any adjustment to the number and kind of shares of stock deliverable upon any Transaction affecting the stock issuable in connection with any restricted stock units and (ii) to the extent possible under the structure of the Transaction, select one or more of the following alternatives for treating outstanding options and stock appreciation rights under the Plan:

10.2-1    Outstanding options and stock appreciation rights shall remain in effect in accordance with their terms.

10.2-2    Outstanding options and stock appreciation rights shall be converted into options and stock appreciation rights to purchase stock in one or more of the corporations, including the Company, that are the surviving or acquiring corporations in the Transaction.  The amount, type of securities subject thereto and exercise price of the converted options and stock appreciation rights shall be determined by the Board of Directors of the Company, taking into account the relative values of the companies involved in the Transaction and the exchange rate, if any, used in determining shares of the surviving corporation(s) to be held by holders of shares of the Company following the Transaction.  Unless otherwise determined by the Board of Directors, the converted options and stock appreciation rights shall be vested only to the extent that the vesting requirements relating to options granted hereunder have been satisfied.

10.2-3    The Board of Directors shall provide a period of 30 days or less before the completion of the Transaction during which outstanding options and stock appreciation rights may be exercised to the extent then exercisable, and upon the expiration of that period, all unexercised options and stock appreciation rights shall immediately terminate.  The Board of Directors may, in its sole discretion, accelerate the exercisability of options and stock appreciation rights so that they are exercisable in full during that period.

10.3    Dissolution of the Company.  In the event of the dissolution of the Company, options and stock appreciation rights shall be treated in accordance with Section 10.2-3.

10.4    Rights Issued by Another Corporation.  The Board of Directors may also grant options, stock appreciation rights, stock bonuses and Performance-Based Awards and issue restricted stock and restricted stock units under the Plan with terms, conditions and provisions that vary from those specified in the Plan, provided that any such awards are granted in substitution for, or in connection with the assumption of, existing options, stock appreciation rights, stock bonuses, restricted stock, restricted stock units and Performance-Based Awards granted, awarded or issued by another corporation and assumed or otherwise agreed to be provided for by the Company pursuant to or by reason of a Transaction. 

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11.    Amendment of the Plan.  The Board of Directors may at any time modify or amend the Plan in any respect.  Except as provided in Sections 6.4 and 10 however, no change in an award already granted shall be made without the written consent of the holder of the award if the change would adversely affect the holder.

12.    Approvals.  The Company’s obligations under the Plan are subject to the approval of state and federal authorities or agencies with jurisdiction in the matter.  The Company will use its best efforts to take steps required by state or federal law or applicable regulations, including rules and regulations of the Securities and Exchange Commission and any stock exchange on which the Company’s shares may then be listed, in connection with the grants under the Plan.  The foregoing notwithstanding, the Company shall not be obligated to issue or deliver Common Stock under the Plan if such issuance or delivery would violate state or federal securities laws.

13.    Employment and Service Rights.  Nothing in the Plan or any award pursuant to the Plan shall (i) confer upon any employee any right to be continued in the employment of an Employer or interfere in any way with the Employer’s right to terminate the employee’s employment at will at any time, for any reason, with or without cause, or to decrease the employee’s compensation or benefits, or (ii) confer upon any person engaged by an Employer any right to be retained or employed by the Employer or to the continuation, extension, renewal or modification of any compensation, contract or arrangement with or by the Employer.

14.    Rights as a Shareholder.  The recipient of any award under the Plan shall have no rights as a shareholder with respect to any shares of Common Stock until the date the recipient becomes the holder of record of those shares.  Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date occurs before the date the recipient becomes the holder of record.

15.    Foreign Qualified Grants.  Awards under the Plan may be granted to such officers and employees of the Company and its subsidiaries and such other persons described in paragraph 1 residing in foreign jurisdictions as the Board of Directors may determine from time to time.  The Board of Directors may adopt such supplements to the Plan or establish sub-plans under this Plan as may be necessary to comply with the applicable laws of such foreign jurisdictions and to afford participants favorable treatment under such laws; provided, however, that no award shall be granted under any such supplement with terms which are more beneficial to the participants than the terms permitted by the Plan.  Notwithstanding any supplemental or sub-plan created in response to the laws of a foreign jurisdiction, this Plan shall not be governed by the laws of such jurisdiction.

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