Document:

EX-4.2

 Exhibit 4.2 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT dated
September 25, 2012 (this “Agreement”) is entered into by and among Bancolombia S.A., a Colombian banking institution incorporated under the laws of the Republic of Colombia as a sociedad anónima (the
“Company”) and Citigroup Global Markets Inc. (“Citi”), Merrill Lynch, Pierce, Fenner & Smith Incorporated (“BAML”) and Morgan Stanley & Co. LLC (“MS” and, together
with Citi and BAML, the “Dealer Managers”). 
 The Company and the Dealer Managers are parties to the Dealer
Manager Agreement dated September 10, 2012 (the “Dealer Manager Agreement”), which provides for the issuance by the Company of its 5.125% Subordinated Notes due 2022 (the “New Notes”) in an exchange offer to
eligible holders of the 6.875% Subordinated Notes due 2017 (the “Old Notes”) to exchange their Old Notes for the New Notes. As an inducement to the eligible holders of the Old Notes to participate in the exchange offer, the Company
has agreed to provide to each holder of the Old Notes and each such holder’s direct and indirect transferees the registration rights set forth in this Agreement. 
 In consideration of the foregoing, the parties hereto agree as follows: 
 1.
Definitions. As used in this Agreement, the following terms shall have the following meanings: 
 “BAML”
shall have the meaning set forth in the preamble. 
 “Business Day” shall mean any day that is not a Saturday,
Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed. 

“Citi” shall have the meaning set forth in the preamble. 

“Company” shall have the meaning set forth in the preamble and shall also include the Company’s successors.

 “Dealer Manager” shall have the meaning set forth in the preamble. 

“Dealer Manager Agreement” shall have the meaning set forth in the preamble. 

“Depositary” means The Depository Trust Company until a successor Depositary should have become Depositary pursuant to
the applicable provisions of the Indenture, and thereafter “Depositary” should mean such successor Depositary. 

“Exchange Act” shall mean the U.S. Securities Exchange Act of 1934, as amended from time to time. 

“Exchange Dates” shall have the meaning set forth in Section 2(a)(ii) hereof. 

 “Exchange Offer” shall mean the exchange offer by the Company of Exchange
Notes for Registrable Notes pursuant to Section 2(a) hereof. 
 “Exchange Offer Registration” shall mean a
registration under the Securities Act effected pursuant to Section 2(a) hereof. 
 “Exchange Offer Registration
Statement” shall mean an exchange offer registration statement on Form F-4 (or, if applicable, on another appropriate form) and all amendments and supplements to such registration statement, in each case including the Prospectus contained
therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 
 “Exchange
Notes” shall mean the 5.125% Subordinated Notes 2022 issued by the Company under the Exchange Notes Indenture containing the same terms and conditions as those of the New Notes (except that the Exchange Notes subject to restrictions on
transfer) and to be offered to Holders of New Notes in exchange for New Notes pursuant to the Exchange Offer. 

“Exchange Notes Indenture” shall mean the Indenture relating to the New Notes dated as of September 11, 2012,
between the Company and The Bank of New York Mellon, as trustee, registrar, paying agent and transfer agent, as the same may be amended from time to time in accordance with the terms thereof. 

“FINRA” means the Financial Industry Regulatory Authority, Inc. 

“Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under the Securities Act) prepared
by or on behalf of the Company or used or referred to by the Company in connection with the sale of the New Notes or the Exchange Notes. 
 “Holders” shall mean the holders of Registrable Notes, for so long as they own any Registrable Notes, and each of their respective successors, assigns and direct and indirect transferees
who become owners of Registrable Notes; provided that, for purposes of Section 4 and Section 5 hereof, the term “Holders” shall include Participating Broker-Dealers. 

“Indemnified Person” shall have the meaning set forth in Section 5(c) hereof. 

“Indemnifying Person” shall have the meaning set forth in Section 5(c) hereof. 

“Indenture” shall mean the Indenture relating to the New Notes dated as of September 25, 2012, between the Company
and The Bank of New York Mellon, as trustee, registrar, paying agent and transfer agent, as the same may be amended from time to time in accordance with the terms thereof. 
 “Inspector” shall have the meaning set forth in Section 3(a)(xvi) hereof. 
 “Issuer Information” shall have the meaning set forth in Section 5(a) hereof. 

  
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 “Old Notes” shall have the meaning set forth in the preamble. 

“Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of the outstanding Registrable
Notes; provided that whenever the consent or approval of Holders of a specified percentage of Registrable Notes is required hereunder, any Registrable Notes owned directly or indirectly by the Company or any of its affiliates shall not be
counted in determining whether such consent or approval was given by the Holders of such required percentage or amount; and provided, further, that if the Company shall issue any additional New Notes prior to consummation of the
Exchange Offer or, if applicable, the effectiveness of any Shelf Registration Statement, such additional New Notes and the Registrable Notes to which this Agreement relates shall be treated together as one class for purposes of determining whether
the consent or approval of Holders of a specified percentage of Registrable Notes has been obtained. 
 “MS”
shall have the meaning set forth in the preamble. 
 “New Notes” shall have the meaning set forth in the
preamble. 
 “Notice and Questionnaire” shall mean a notice of registration statement and selling security
holder questionnaire distributed to a Holder by the Company upon receipt of a Shelf Request from such Holder. 

“NYSE” shall mean the New York Stock Exchange. 
 “Participating Broker-Dealers” shall have the meaning set forth in Section 4(a) hereof. 
 “Participating Holder” shall mean any Holder of Registrable Notes that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 2(b)
hereof. 
 “Person” shall mean an individual, partnership, limited liability company, corporation, trust or
unincorporated organization, or a government or agency or political subdivision thereof. 
 “Prospectus” shall
mean the prospectus included in, or, pursuant to the rules and regulations of the Securities Act, deemed a part of, a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus
supplement, including a prospectus supplement with respect to the terms of the offering of any portion of the Registrable Notes covered by a Shelf Registration Statement, and by all other amendments and supplements to such prospectus, and in each
case including any document incorporated by reference therein. 
 “Registrable Notes” shall mean the New Notes;
provided that the New Notes shall cease to be Registrable Notes (i) when a Registration Statement with respect to such New Notes has become effective under the Securities Act and such New Notes have been exchanged or disposed of pursuant
to such Registration Statement, (ii) when such New Notes are sold pursuant to Rule 144 under the Securities Act (or any similar provision 

  
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then in force, but not Rule 144A), if following such resale such New Notes do not bear any restrictive legend relating to the Securities Act and do not bear a restricted CUSIP number,
(iii) when such New Notes cease to be outstanding or (iv) except in the case of New Notes that otherwise remain Registrable Notes and that are held by a Holder and that are ineligible to be exchanged in the Exchange Offer, when the
Exchange Offer is consummated. 
 “Registration Expenses” shall mean any and all expenses incident to
performance of or compliance by the Company and with this Agreement, including without limitation: (i) all SEC, stock exchange or FINRA registration and filing fees, (ii) all fees and expenses incurred in connection with compliance with
state securities or blue sky laws (including reasonable fees and disbursements of counsel for any Underwriters or Holders in connection with blue sky qualification of any Exchange Notes or Registrable Notes), (iii) all expenses of any Persons
in preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus, any Free Writing Prospectus and any amendments or supplements thereto, any underwriting agreements, securities sales
agreements or other similar agreements and any other documents relating to the performance of and compliance with this Agreement, (iv) all rating agency fees, (v) all fees and disbursements relating to the qualification of the Indenture
under applicable securities laws, (vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements of U.S. and Colombian and other counsel for the Company and, in the case of a Shelf Registration Statement,
the fees and disbursements of one U.S. counsel, and if applicable, one Colombian counsel, for the Participating Holders (which counsel shall be selected by the Participating Holders holding a majority of the aggregate principal amount of Registrable
Notes held by such Participating Holders and which counsel may also be counsel for the Dealer Managers), (viii) all fees relating to the listing of the Registrable Notes or Exchange Notes, as the case may be, on the NYSE and (ix) the fees
and disbursements of the independent registered public accountants of the Company, including the expenses of any special audits or “comfort” letters required by or incident to the performance of and compliance with this Agreement, but
excluding fees and expenses of counsel to the Underwriters (other than fees and expenses set forth in clause (ii) above) or the Holders and underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to
the sale or disposition of Registrable Notes by a Holder. 
 “Registration Statement” shall mean any
registration statement of the Company that covers any of the Exchange Notes or Registrable Notes pursuant to the provisions of this Agreement and all amendments and supplements to any such registration statement, including post-effective amendments,
in each case including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 
 “Rule 144” means Rule 144 under the Securities Act, as such rule may be amended from time to time, or any successor provision to such rule. 

“Rule 144A” means Rule 144A under the Securities Act, as such rule may be amended from time to time, or any successor
provision to such rule. 

  
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 “SEC” shall mean the United States Securities and Exchange Commission or
any successor agency or government body performing the functions currently performed by the United States Securities and Exchange Commission. 
 “Securities Act” shall mean the U.S. Securities Act of 1933, as amended from time to time. 
 “Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof. 
 “Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof. 
 “Shelf Registration Statement” shall mean a “shelf” registration statement of the Company that covers all or a portion of the Registrable Notes (but no other securities unless
approved by a majority in aggregate principal amount of the New Notes held by the Participating Holders) on an appropriate form under Rule 415 under the Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and
supplements to such registration statement, including post-effective amendments, in each case including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 

“Shelf Request” shall have the meaning set forth in Section 2(b) hereof. 

“Staff” shall mean the staff of the SEC. 
 “Target Registration Date” shall mean September 17, 2013. 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time to time. 

“Trustee” shall mean the trustee with respect to the New Notes under the Indenture. 

“Underwriter” shall have the meaning set forth in Section 3(e) hereof. 

“Underwritten Offering” shall mean an offering in which Registrable Notes are sold to an Underwriter for reoffering to
the public. 
 All references in this Agreement to: (i) any Registration Statement, preliminary prospectus or Prospectus,
or any amendment or supplement to any of the foregoing, shall be deemed to include the version filed with the SEC; (ii) financial statements and schedules and other information which is “contained,” “included” or
“stated” in any Registration Statement or Prospectus (or other similar references) shall be deemed to mean and include all such financial statements and schedules and other information which is incorporated or deemed to be incorporated by
reference in such Registration Statement or Prospectus, as the case may be; (iii) amendments or supplements to any Registration Statement or Prospectus shall be deemed to mean and include the filing of

  
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any document under the Exchange Act which is incorporated or deemed to be incorporated by reference in such Registration Statement or Prospectus, as the case may be; (iv) Rule 144, Rule 144A
or Rule 405 under the Securities Act, and all references to any sections or subsections thereof or terms defined therein, shall be deemed to mean and include any successor provisions thereto; and (v) “days” (but not to Business Days)
means calendar days. 
 2. Registration Under the Securities Act. (a) To the extent not prohibited by any applicable
law or applicable interpretations of the Staff (as determined by the Company upon the reasonable advice of counsel), the Company shall use reasonable best efforts to (x) cause to be filed an Exchange Offer Registration Statement covering an
offer to the Holders to exchange all the Registrable Notes for Exchange Notes no later than 270 days from the first date of issuance of the New Notes and (y) have such Registration Statement become and remain effective until the earlier of
(i) 180 days from the date on which the Registration Statement is declared effective and (ii) the date on which a Participating Broker-Dealer is no longer required to deliver a Prospectus in connection with market-making or other trading
activities. The Company shall commence the Exchange Offer promptly after the Exchange Offer Registration Statement is declared effective by the SEC and use its commercially reasonable efforts to complete the Exchange Offer not later than 60 days
after such effective date. 
 The Company shall commence the Exchange Offer by mailing the related Prospectus, appropriate
letters of transmittal and other accompanying documents to each Holder stating, in addition to such other disclosures as are required by applicable law, substantially the following: 

 

	(i)	that the Exchange Offer is being made pursuant to this Agreement and that all Registrable Notes validly tendered and not properly withdrawn will be accepted for
exchange; 

  

	(ii)	the dates of acceptance for exchange (which shall correspond to a period of at least 20 Business Days from the date such notice is mailed) (the “Exchange
Dates”); 

  

	(iii)	that any Registrable Note not tendered will remain outstanding and continue to accrue interest but will not retain any rights under this Agreement, except as otherwise
specified herein; 

  

	(iv)	that any Holder electing to have a Registrable Note exchanged pursuant to the Exchange Offer will be required to (A) surrender such Registrable Note, together with
the appropriate letters of transmittal, to the institution and at the address and in the manner specified in the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of the depositary for such Registrable
Note, in each case prior to the close of business on the last Exchange Date; and 

  

	(v)	 that any Holder will be entitled to withdraw its election, not later than the close of business on the last Exchange Date, by (A) sending to the
institution and at the 

  
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address specified in the notice, a facsimile transmission or letter setting forth the name of such Holder, the principal amount of Registrable Notes delivered for exchange and a statement that
such Holder is withdrawing its election to have such New Notes exchanged or (B) effecting such withdrawal in compliance with the applicable procedures of the depositary for the Registrable Notes. 

As a condition to participating in the Exchange Offer, a Holder will be required to represent to the Company that (1) any Exchange
Notes to be received by it will be acquired in the ordinary course of its business, (2) at the time of the commencement of the Exchange Offer it has no arrangement or understanding with any Person to participate in the distribution (within the
meaning of the Securities Act) of the Exchange Notes in violation of the provisions of the Securities Act, (3) it is not an “affiliate” (within the meaning of Rule 405 under the Securities Act) of the Company and (4) if such
Holder is a broker-dealer that will receive Exchange Notes for its own account in exchange for Registrable Notes that were acquired as a result of market-making or other trading activities, then such Holder will deliver a Prospectus (or, to the
extent permitted by law, make available a Prospectus to purchasers) in connection with any resale of such Exchange Notes. 
 As
soon as practicable after the last Exchange Date, the Company shall: 
  

	(I)	accept for exchange Registrable Notes or portions thereof validly tendered and not properly withdrawn pursuant to the Exchange Offer; and 

 

	(II)	deliver, or cause to be delivered, to the Trustee for cancellation all Registrable Notes or portions thereof so accepted for exchange by the Company and issue, and
cause the Trustee to promptly authenticate and deliver to each Holder, Exchange Notes equal in principal amount to the principal amount of the Registrable Notes tendered by such Holder. 

The Company shall use its commercially reasonable efforts to complete the Exchange Offer as provided above and shall comply with the
applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with the Exchange Offer. The Exchange Offer shall not be subject to any conditions, other than that the Exchange Offer does not
violate any applicable law or applicable interpretations of the Staff. 
 (b) In the event that (i) the Company determines
that the Exchange Offer Registration provided for in Section 2(a) hereof is not available or the Exchange Offer may not be completed as soon as practicable after the last Exchange Date because it would violate any applicable law or applicable
interpretations of the Staff, (ii) the Exchange Offer is not for any other reason completed by the Target Registration Date or (iii) upon receipt of a written request (a “Shelf Request”) from any Holder representing that
it holds Registrable Notes that are or were ineligible to be exchanged in the Exchange Offer, the Company shall use its commercially reasonable efforts to cause to be filed as soon as practicable after such determination date or Shelf Request, as
the case may be, a Shelf Registration Statement providing for the sale of all the Registrable Notes 

  
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by the Holders thereof and to have such Shelf Registration Statement become effective; provided that no Holder will be entitled to have any Registrable Notes included in any Shelf
Registration Statement, or entitled to use the prospectus forming a part of such Shelf Registration Statement, until such Holder shall have delivered a completed and signed Notice and Questionnaire and provided such other information regarding such
Holder to the Company as is contemplated by Section 3(b) hereof. 
 In the event that the Company is required to file a
Shelf Registration Statement pursuant to clause (iii) of the preceding sentence, the Company shall use its commercially reasonable efforts to file and have become effective both an Exchange Offer Registration Statement pursuant to
Section 2(a) hereof with respect to all Registrable Notes and a Shelf Registration Statement (which may be a combined Registration Statement with the Exchange Offer Registration Statement) with respect to offers and sales of Registrable Notes
held by the Holders after completion of the Exchange Offer. 
 The Company agrees to use its commercially reasonable efforts to
keep the Shelf Registration Statement continuously effective until the New Notes cease to be Registrable Notes (the “Shelf Effectiveness Period”). The Company further agrees to supplement or amend the Shelf Registration Statement,
the related Prospectus and any Free Writing Prospectus if required by the rules, regulations or instructions applicable to the registration form used by the Company for such Shelf Registration Statement or by the Securities Act or by any other rules
and regulations thereunder or if reasonably requested by a Holder of Registrable Notes with respect to information relating to such Holder, and to use its commercially reasonable efforts to cause any such amendment to become effective, if required,
and such Shelf Registration Statement, Prospectus or Free Writing Prospectus, as the case may be, to become usable as soon as thereafter practicable. The Company agrees to furnish to the Participating Holders copies of any such supplement or
amendment promptly after its being used or filed with the SEC. 
 (c) The Company shall pay all Registration Expenses in
connection with any registration pursuant to Section 2(a) or Section 2(b) hereof. Each Holder shall pay all underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of
such Holder’s Registrable Notes pursuant to the Shelf Registration Statement. 
 (d) An Exchange Offer Registration
Statement pursuant to Section 2(a) hereof will not be deemed to have become effective unless it has been declared effective by the SEC. A Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become
effective unless it has been declared effective by the SEC or is automatically effective upon filing with the SEC as provided by Rule 462 under the Securities Act. 
 3. Registration Procedures. (a) In connection with its obligations pursuant to Section 2(a) and Section 2(b) hereof, the Company shall as soon as practicable: 

(i) prepare and file with the SEC a Registration Statement on the appropriate form under the Securities Act, which form (A) shall be
selected by the Company, (B)

  
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shall, in the case of a Shelf Registration, be available for the sale of the Registrable Notes by the Holders thereof and (C) shall comply as to form in all material respects with the
requirements of the applicable form and include all financial statements required by the SEC to be filed therewith; and use its commercially reasonable efforts to cause such Registration Statement to become effective and remain effective for the
applicable period in accordance with Section 2 hereof; 
 (ii) prepare and file with the SEC such amendments and
post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement effective for the applicable period in accordance with Section 2 hereof and cause each Prospectus to be supplemented by any
required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and keep each Prospectus current during the period described in Section 4(a)(3) of and Rule 174 under the Securities Act that is
applicable to transactions by brokers or dealers with respect to the Registrable Notes or Exchange Notes; 
 (iii) to the extent
any Free Writing Prospectus is used, file with the SEC any Free Writing Prospectus that is required to be filed by the Company with the SEC in accordance with the Securities Act and to retain any Free Writing Prospectus not required to be filed;

 (iv) in the case of a Shelf Registration, furnish to each Participating Holder, to counsel for the Dealer Managers, to
counsel for such Participating Holders and to each Underwriter of an Underwritten Offering of Registrable Notes, if any, without charge, as many copies of each Prospectus, preliminary prospectus or Free Writing Prospectus, and any amendment or
supplement thereto, as such Participating Holder, counsel or Underwriter may reasonably request in order to facilitate the sale or other disposition of the Registrable Notes thereunder; and, subject to Section 3(c) hereof, the Company consents
to the use of such Prospectus, preliminary prospectus or such Free Writing Prospectus and any amendment or supplement thereto in accordance with applicable law by each of the Participating Holders and any such Underwriters in connection with the
offering and sale of the Registrable Notes covered by and in the manner described in such Prospectus, preliminary prospectus or such Free Writing Prospectus or any amendment or supplement thereto in accordance with applicable law; 

(v) use its commercially reasonable efforts to register or qualify the Registrable Notes under all applicable state securities or blue
sky laws of such jurisdictions as any Participating Holder shall reasonably request in writing by the time the applicable Registration Statement becomes effective; cooperate with such Participating Holders in connection with any filings required to
be made with FINRA; and do any and all other acts and things that may be reasonably necessary or advisable to enable each Participating Holder to complete the disposition in each such jurisdiction of the Registrable Notes owned by such Participating
Holder; provided that the Company shall not be required to (1) qualify as a foreign corporation or other entity or as a dealer in securities in any such jurisdiction where it would not otherwise be required to so qualify, (2) file
any general consent to service of process in any such jurisdiction or (3) subject itself to taxation in any such jurisdiction if it is not so subject; 

  
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 (vi) notify counsel for the Dealer Managers and, in the case of a Shelf Registration, notify
each Participating Holder and counsel for such Participating Holders promptly and, if requested by any such Participating Holder or counsel, confirm such advice in writing (1) when a Registration Statement has become effective, when any
post-effective amendment thereto has been filed and becomes effective, when any Free Writing Prospectus has been filed or any amendment or supplement to the Prospectus or any Free Writing Prospectus has been filed, (2) of any request by the SEC
or any state securities authority for amendments and supplements to a Registration Statement, Prospectus or any Free Writing Prospectus or for additional information after the Registration Statement has become effective, (3) of the issuance by
the SEC or any state securities authority of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, including the receipt by the Company of any notice of objection of the SEC to
the use of a Shelf Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act, (4) if, between the applicable effective date of a Shelf Registration Statement and the closing of any sale
of Registrable Notes covered thereby, the representations and warranties of the Company contained in any underwriting agreement, securities sales agreement or other similar agreement, if any, relating to an offering of such Registrable Notes cease
to be true and correct in all material respects or if the Company or receives any notification with respect to the suspension of the qualification of the Registrable Notes for sale in any jurisdiction or the initiation of any proceeding for such
purpose, (5) of the happening of any event during the period a Registration Statement is effective that makes any statement made in such Registration Statement or the related Prospectus or any Free Writing Prospectus untrue in any material
respect or that requires the making of any changes in such Registration Statement or Prospectus or any Free Writing Prospectus in order to make the statements therein not misleading and (6) of any determination by the Company that a
post-effective amendment to a Registration Statement or any amendment or supplement to the Prospectus or any Free Writing Prospectus would be appropriate; 
 (vii) use its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement or, in the case of a Shelf Registration, the resolution of any
objection of the SEC pursuant to Rule 401(g)(2) under the Securities Act, including by filing an amendment to such Registration Statement on the proper form, at the earliest possible moment and provide immediate notice to each Holder or
Participating Holder of the withdrawal of any such order or such resolution; 
 (viii) use all commercially reasonable efforts
to obtain all necessary corporate approvals and the consent or approval of each Colombian or U.S. governmental agency or authority, whether federal or state that may be required to effect the Exchange Offer and the offering and sale of Exchange
Notes, and file all necessary notices, reports and information with the Colombian Finance Superintendency and the Colombian Central Bank in connection therewith; 
 (ix) in the case of a Shelf Registration, furnish to each Participating Holder, without charge, at least one conformed copy of each Registration Statement and any post-effective amendment thereto (without
any documents incorporated therein by reference or exhibits thereto, unless requested); 

  
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 (x) in the case of a Shelf Registration, cooperate with the Participating Holders to
facilitate the timely preparation and delivery of certificates representing Registrable Notes to be sold and not bearing any restrictive legends and enable such Registrable Notes to be issued in such denominations and registered in such names
(consistent with the provisions of the Indenture) as such Participating Holders may reasonably request at least one Business Day prior to the closing of any sale of Registrable Notes; 

(xi) upon the occurrence of any event contemplated by Section 3(a)(vi)(5) hereof, use its commercially reasonable efforts to prepare
and file with the SEC a supplement or post-effective amendment to the applicable Exchange Offer Registration Statement or Shelf Registration Statement or the related Prospectus or any Free Writing Prospectus or any document incorporated therein by
reference or file any other required document so that, as thereafter delivered (or, to the extent permitted by law, made available) to purchasers of the Registrable Notes, such Prospectus or Free Writing Prospectus, as the case may be, will not
contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and the Company shall notify the Participating
Holders (in the case of a Shelf Registration Statement) and the Dealer Managers and any Participating Broker-Dealers known to the Company (in the case of an Exchange Offer Registration Statement) to suspend use of the Prospectus or any Free Writing
Prospectus as promptly as practicable after the occurrence of such an event, and such Participating Holders, such Participating Broker-Dealers and the Dealer Managers, as applicable, hereby agree to suspend use of the Prospectus or any Free Writing
Prospectus, as the case may be, until the Company has amended or supplemented the Prospectus or the Free Writing Prospectus, as the case may be, to correct such misstatement or omission; 

(xii) at a reasonable time prior to the filing of any Registration Statement, any Prospectus, any Free Writing Prospectus, any amendment
to a Registration Statement or amendment or supplement to a Prospectus or a Free Writing Prospectus or of any document that is to be incorporated by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus after initial
filing of a Registration Statement, provide copies of such document to the Dealer Managers and their counsel (and, in the case of a Shelf Registration Statement, to the Participating Holders and their counsel) and make such of the representatives of
the Company as shall be reasonably requested by the Dealer Managers or their counsel (and, in the case of a Shelf Registration Statement, the Participating Holders or their counsel) available for discussion of such document; and the Company shall
not, at any time after initial filing of a Registration Statement, use or file any Prospectus, any Free Writing Prospectus, any amendment of or supplement to a Registration Statement or a Prospectus or a Free Writing Prospectus, or any document that
is to be incorporated by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus, of which the Dealer Managers and their counsel (and, in the case of a Shelf Registration Statement, the Participating Holders and their
counsel) shall not have previously been advised and furnished a copy or 

  
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to which the Dealer Managers or their counsel (and, in the case of a Shelf Registration Statement, the Participating Holders or their counsel) shall reasonably object; provided,
however, that this paragraph shall not apply to the Company’s annual report on Form 20-F, its current reports on Form 6-K, other than such current reports required to be filed in connection with the Exchange Offer, or any other documents
required to be filed pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act; 
 (xiii) obtain CUSIP and ISIN numbers
for all Exchange Notes or Registrable Notes, as the case may be, not later than the initial effective date of a Registration Statement, and provide the Trustee with printed or word-processed certificates for the Exchange Notes or Registrable Notes,
as the case may be, in a form eligible for deposit with the Depositary; 
 (xiv) take all reasonable action necessary to ensure
that the Registrable Notes or the Exchange Notes, as the case may be, at the time of the consummation of the Exchange Offer (or as soon as reasonably practicable thereafter) are listed on the NYSE; 

(xv) cause the Indenture to be qualified under the Trust Indenture Act in connection with the registration of the Exchange Notes or
Registrable Notes, as the case may be; cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and execute,
and use its commercially reasonable efforts to cause the Trustee to execute, all documents as may be required to effect such changes and all other forms and documents required to be filed with the SEC to enable the Indenture to be so qualified in a
timely manner; 
 (xvi) in the case of a Shelf Registration, make available for inspection by a representative of the
Participating Holders (an “Inspector”), any Underwriter participating in any disposition pursuant to such Shelf Registration Statement, any attorneys and accountants designated by a majority in aggregate principal amount of the New
Notes held by the Participating Holders and any attorneys and accountants designated by such Underwriter, at reasonable times and in a reasonable manner, all pertinent financial and other records, documents and properties of the Company and its
subsidiaries, and cause the respective officers, directors and employees of the Company to supply all information reasonably requested by any such Inspector, Underwriter, attorney or accountant in connection with a Shelf Registration Statement;
provided that if any such information is identified by the Company as being confidential or proprietary, each Person receiving such information shall take such actions as are reasonably necessary to protect the confidentiality of such
information and such information shall be used only in connection with such Shelf Registration Statement, unless disclosure thereof is required to be made under compulsion of law, by order or act of any court or governmental or regulatory authority
or body or such information has become available (not in violation of this agreement) to the public generally; 
 (xvii) in the
case of a Shelf Registration, use its commercially reasonable efforts to cause all Registrable Notes to be listed on any securities exchange or any automated 

  
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quotation system on which similar securities issued or guaranteed by the Company are then listed if requested by the Majority Holders, to the extent such Registrable Notes satisfy applicable
listing requirements; 
 (xviii) if reasonably requested by any Participating Holder, promptly include in a Prospectus
supplement or post-effective amendment such information with respect to such Participating Holder as such Participating Holder reasonably requests to be included therein and make all required filings of such Prospectus supplement or such
post-effective amendment as soon as the Company has received notification of the matters to be so included in such filing; and 

(xix) in the case of a Shelf Registration, enter into such customary agreements and take all such other actions in connection therewith
(including those requested by the Holders of a majority in principal amount of the Registrable Notes covered by the Shelf Registration Statement) in order to expedite or facilitate the disposition of such Registrable Notes including, but not limited
to, an Underwritten Offering and in such connection, (1) to the extent possible, make such representations and warranties and customary indemnity and contribution provisions to the Participating Holders and any Underwriters of such Registrable
Notes with respect to the business of the Company and its subsidiaries and the Registration Statement, Prospectus, any Free Writing Prospectus and documents incorporated by reference or deemed incorporated by reference, if any, in each case, in
form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings and confirm the same if and when requested, (2) obtain opinions of counsel to the Company (which counsel and opinions, in form, scope and
substance, shall be reasonably satisfactory to the Participating Holders and such Underwriters and their respective counsel) addressed to each Participating Holder and Underwriter of Registrable Notes, covering the matters customarily covered in
opinions requested in underwritten offerings, (3) obtain “comfort” letters from the independent registered public accountants of the Company (and, if necessary, any other registered public accountant of any subsidiary of the Company,
or of any business acquired by the Company for which financial statements and financial data are or are required to be included in the Registration Statement) addressed to each Participating Holder (to the extent permitted by applicable professional
standards) and Underwriter of Registrable Notes, such letters to be in customary form and covering matters of the type customarily covered in “comfort” letters in connection with underwritten offerings, including but not limited to
financial information contained in any preliminary prospectus, Prospectus or Free Writing Prospectus and (4) deliver such documents and certificates as may be reasonably requested by the Holders of a majority in principal amount of the
Registrable Notes being sold or the Underwriters, and which are customarily delivered in underwritten offerings, to evidence the continued validity of the representations and warranties of the Company made pursuant to clause (1) above and to
evidence compliance with any customary conditions contained in an underwriting agreement. 
 (b) In the case of a Shelf
Registration Statement, the Company may require each Holder of Registrable Notes to furnish to the Company a Notice and Questionnaire and such other information regarding such Holder and the proposed disposition by such Holder of such Registrable
Notes as the Company may from time to time reasonably request in writing. 

  
 13 

 (c) Each Participating Holder agrees that, upon receipt of any notice from the Company of
the happening of any event of the kind described in Section 3(a)(vi)(3) or Section 3(a)(vi)(5) hereof, such Participating Holder will forthwith discontinue disposition of Registrable Notes pursuant to the Shelf Registration Statement until
such Participating Holder’s receipt of the copies of the supplemented or amended Prospectus and any Free Writing Prospectus contemplated by Section 3(a)(x) hereof and, if so directed by the Company, such Participating Holder will deliver
to the Company all copies in its possession, other than permanent file copies then in such Participating Holder’s possession, of the Prospectus and any Free Writing Prospectus covering such Registrable Notes that is current at the time of
receipt of such notice. 
 (d) If the Company shall give any notice to suspend the disposition of Registrable Notes pursuant to
a Registration Statement, the Company shall extend the period during which such Registration Statement shall be maintained effective pursuant to this Agreement by the number of days during the period from and including the date of the giving of such
notice to and including the date when the Holders of such Registrable Notes shall have received copies of the supplemented or amended Prospectus or any Free Writing Prospectus necessary to resume such dispositions. 

(e) The Participating Holders who desire to do so may sell such Registrable Notes in an Underwritten Offering. In any such Underwritten
Offering, the investment bank or investment banks and manager or managers (each an “Underwriter”) that will administer the offering will be selected by the Holders of a majority in principal amount of the Registrable Notes included
in such offering. 
 4. Participation of Broker-Dealers in Exchange Offer. (a) The Staff has taken the position that
any broker-dealer that receives Exchange Notes for its own account in the Exchange Offer in exchange for New Notes that were acquired by such broker-dealer as a result of market-making or other trading activities (a “Participating
Broker-Dealer”) may be deemed to be an “underwriter” within the meaning of the Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Notes.

 The Company understands that it is the Staff’s position that if the Prospectus contained in the Exchange Offer
Registration Statement includes a plan of distribution containing a statement to the above effect and the means by which Participating Broker-Dealers may resell the Exchange Notes, without naming the Participating Broker-Dealers or specifying the
amount of Exchange Notes owned by them, such Prospectus may be delivered by Participating Broker-Dealers (or, to the extent permitted by law, made available to purchasers) to satisfy their prospectus delivery obligation under the Securities Act in
connection with resales of Exchange Notes for their own accounts, so long as the Prospectus otherwise meets the requirements of the Securities Act. 

  
 14 

 (b) In light of the above, and notwithstanding the other provisions of this Agreement, the
Company agrees to amend or supplement the Prospectus contained in the Exchange Offer Registration Statement for a period of up to 180 days after the last Exchange Date (as such period may be extended pursuant to Section 3(d) hereof), in order
to expedite or facilitate the disposition of any Exchange Notes by Participating Broker-Dealers consistent with the positions of the Staff recited in Section 4(a) above. The Company further agrees that Participating Broker-Dealers shall be
authorized to deliver such Prospectus (or, to the extent permitted by law, make available) during such period in connection with the resales contemplated by this Section 4. 

(c) The Dealer Managers shall have no liability to the Company or any Holder with respect to any request that they may make pursuant to
Section 4(b) hereof. 
 5. Indemnification and Contribution. (a) The Company agrees to indemnify and hold
harmless (i) the Dealer Managers and each Holder, their respective affiliates, directors and officers and each Person, if any, who controls the Dealer Managers or any Holder within the meaning of Section 15 of the Securities Act or
Section 20 of the Exchange Act, from and against any and all losses, claims, damages and liabilities (including, without limitation, legal fees and other expenses incurred in connection with any suit, action or proceeding or any claim asserted,
as such fees and expenses are incurred), joint or several, that arise out of, or are based upon, (1) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or any omission or alleged omission
to state therein a material fact required to be stated therein or necessary in order to make the statements therein not misleading, or (2) any untrue statement or alleged untrue statement of a material fact contained in any Prospectus, any Free
Writing Prospectus or any “issuer information” (“Issuer Information”) filed or required to be filed pursuant to Rule 433(d) under the Securities Act, or any omission or alleged omission to state therein a material fact
necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, in each case except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue
statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to any Dealer Manager, or information relating to any Holder furnished to the Company in writing through any Dealer
Manager or any selling Holder, respectively, expressly for use therein. In connection with any Underwritten Offering permitted by Section 3, the Company will also enter into a customary underwriting agreement containing customary
indemnification provisions to the same extent as provided above. 
 (b) Each Holder agrees, severally and not jointly, to
indemnify and hold harmless the Company, the Dealer Managers and the other selling Holders, the directors of the Company, each officer of the Company who signed the Registration Statement and each Person, if any, who controls the Company, the Dealer
Managers and any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses,
claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to such Holder furnished to the
Company in writing by such Holder expressly for use in any Registration Statement, any Prospectus and any Free Writing Prospectus. 

  
 15 

 (c) If any suit, action, proceeding (including any governmental or regulatory
investigation), claim or demand shall be brought or asserted against any Person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such Person (the “Indemnified Person”) shall
promptly notify the Person against whom such indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it
may have under paragraph (a) or (b) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to
notify the Indemnifying Person shall not relieve it from any liability that it may have to an Indemnified Person otherwise than under paragraph (a) or (b) above. If any such proceeding shall be brought or asserted against an Indemnified
Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to indemnification pursuant
to this Section 5 that the Indemnifying Person may designate in such proceeding and shall pay the fees and expenses of such proceeding and shall pay the fees and expenses of such counsel related to such proceeding, as incurred. In any such
proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall
have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded that
there may be legal defenses available to it that are different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded parties) include both the Indemnifying
Person and the Indemnified Person and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that the Indemnifying Person shall not, in
connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees and expenses
shall be reimbursed as they are incurred. Any such separate firm (x) for any Dealer Manager, its affiliates, directors and officers and any control Persons of such Dealer Manager shall be designated in writing by such Dealer Managers,
(y) for any Holder, its directors and officers and any control Persons of such Holder shall be designated in writing by the Majority Holders and (z) in all other cases shall be designated in writing by the Company. The Indemnifying Person
shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person
from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Person shall have requested that an Indemnifying Person reimburse the Indemnified Person for fees
and expenses of counsel as contemplated by this paragraph, the Indemnifying Person shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is

  
 16 

 
entered into more than 30 days after receipt by the Indemnifying Person of such request and (ii) the Indemnifying Person shall not have reimbursed the Indemnified Person in accordance with
such request prior to the date of such settlement. No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or
could have been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (A) includes an unconditional release of such Indemnified Person, in form and substance reasonably satisfactory to
such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified
Person. 
 (d) If the indemnification provided for in paragraphs (a) and (b) above is unavailable to an Indemnified
Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid
or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received by the Company from the offering of the New Notes and the
Exchange Notes, on the one hand, and by the Holders from receiving New Notes or Exchange Notes registered under the Securities Act, on the other hand, or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in
such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Company on the one hand and the Holders on the other in connection with the statements or omissions that
resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Company on the one hand and the Holders on the other shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or by the Holders and the parties’ relative intent, knowledge, access
to information and opportunity to correct or prevent such statement or omission. 
 (e) The Company and the Holders agree that
it would not be just and equitable if contribution pursuant to this Section 5 were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does
not take account of the equitable considerations referred to in paragraph (d) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in paragraph (d) above shall be
deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this Section 5, in no event shall a
Holder be required to contribute any amount in excess of the amount by which the total price at which the New Notes or Exchange Notes sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason
of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was
not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 5 are several and not joint. 

  
 17 

 (f) The remedies provided for in this Section 5 are not exclusive and shall not limit
any rights or remedies that may otherwise be available to any Indemnified Person at law or in equity. 
 (g) The indemnity and
contribution provisions contained in this Section 5 shall remain operative and in full force and effect regardless of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Dealer Managers or any
Holder or any Person controlling the Dealer Manager or any Holder, or by or on behalf of the Company or the officers or directors of or any Person controlling the Company, (iii) acceptance of any of the Exchange Notes and (iv) any sale of
Registrable Notes pursuant to a Shelf Registration Statement. 
 6. General. 

(a) Rule 144 and Rule 144A. For so long as any Registrable Notes remain outstanding, if the Company ceases to be subject to the reporting
requirements of Section 13 or 15 of the Exchange Act, the Company covenants that it will upon the request of any Holder or beneficial owner of Registrable Notes (i) make publicly available such information (including, without limitation,
the information specified in Rule 144(c)(2)) as is necessary to permit sales pursuant to Rule 144, (ii) deliver or cause to be delivered, promptly following a request by any Holder or beneficial owner of Registrable Notes or any prospective
purchaser or transferee designated by such Holder or beneficial owner, such information (including, without limitation, the information specified in Rule 144A(d)(4)) as is necessary to permit sales pursuant to Rule 144A, and (iii) take such
further action that is reasonable in the circumstances, in each case to the extent required from time to time to enable such Holder to sell its Registrable Notes without registration under the Securities Act within the limitation of the exemptions
provided by (A) to the extent applicable, Rule 144, (B) Rule 144A, or (C) any similar rules or regulations hereafter adopted by the SEC. Notwithstanding the foregoing, nothing in this Section 6(a) shall be deemed to require the
Company to register any of its securities pursuant to the Exchange Act. 
 (b) Specific Performance. Without limiting the
remedies available to the Dealer Managers and the Holders, the Company acknowledges that there would be no adequate remedy at law if the Company failed to perform any of its obligations in this Agreement (including, without limitation, their
obligations under Sections 2(a) and 2(b) hereof) and that any such failure may result in material irreparable injuries to the Dealer Managers and the Holders from time to time of the Registrable Notes and that it will not be possible to measure
damages for such injuries precisely. Accordingly, the Company agrees that the Dealer Managers and such Holders, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to compel specific performance of
the obligations of the Company under this Agreement in accordance with the terms and conditions of this Agreement, in any U.S. federal or New York state court located in the Borough of Manhattan, The City of New York. 

  
 18 

 (c) No Inconsistent Agreements. The Company represents, warrants and agrees that
(i) the rights granted to the Holders do not in any way conflict with and are not inconsistent with the rights granted to the holders of any other outstanding securities issued by the Company under any other agreement and (ii) the Company
has not entered into, or on or after the date of this Agreement will enter into, any agreement that is inconsistent with the rights granted to the Holders of Registrable Notes in this Agreement or otherwise conflicts with the provisions hereof.

 (d) Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be
amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Company has obtained the written consent of Holders of at least a majority in aggregate principal amount of the
outstanding Registrable Notes affected by such amendment, modification, supplement, waiver or consent; provided that no amendment, modification, supplement, waiver or consent to any departure from the provisions of Section 5 hereof shall
be effective as against any Holder of Registrable Notes unless consented to in writing by such Holder. Any amendments, modifications, supplements, waivers or consents pursuant to this Section 6(c) shall be by a writing executed by each of the
parties hereto. 
 (e) Notices. All notices and other communications provided for or permitted hereunder shall be made in
writing by hand-delivery, registered first-class mail, telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current address given by such Holder to the Company by means of a notice given in accordance with
the provisions of this Section 6(d), which address initially is, with respect to the Dealer Managers, the address set forth in the Dealer Manager Agreement; (ii) if to the Company, initially at the Company’s address set forth in the
Dealer Manager Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(d); and (iv) to such other persons at their respective addresses as provided in the Dealer Manager
Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(d). All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if
personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if telecopied; and on the next Business Day if timely delivered to an air courier guaranteeing overnight delivery.
Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee, at the address specified in the Indenture. 

(f) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors, assigns and
transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided that nothing herein shall be deemed to permit any assignment, transfer or other disposition of
Registrable Notes in violation of the terms of the Dealer Manager Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Notes in any manner, whether by operation of law or otherwise, such Registrable Notes shall be
held subject to all the terms of this Agreement, and by taking and holding such 

  
 19 

 
Registrable Notes such Person shall be conclusively deemed to have agreed to be bound by and to perform all of the terms and provisions of this Agreement and such Person shall be entitled to
receive the benefits hereof. The Dealer Managers (in their capacity as Dealer Managers) shall have no liability or obligation to the Company with respect to any failure by a Holder to comply with, or any breach by any Holder of, any of the
obligations of such Holder under this Agreement. 
 (g) Third Party Beneficiaries. Each Holder shall be a third party
beneficiary to the agreements made hereunder between the Company, on the one hand, and the Dealer Managers, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary or
advisable to protect its rights or the rights of other Holders hereunder. 
 (h) Purchases and Sales of Notes. Until
October 9, 2013 the Company shall not, and shall use their reasonable best efforts to cause their affiliates (as defined in Rule 405 under the Securities Act) not to, purchase and then resell or otherwise transfer any Registrable Notes, except
pursuant to an effective registration statement under the Securities Act. 
 (i) Counterparts. This Agreement may be
executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

(j) Headings. The headings in this Agreement are for convenience of reference only, are not a part of this Agreement and shall not
limit or otherwise affect the meaning hereof. 
 (k) Governing Law. This Agreement and any claim, counterclaim or dispute
of any kind or nature whatsoever arising out of or in any way relating to this Agreement, directly or indirectly, shall be governed by, and construed in accordance with, the laws of the State of New York. 

(l) Jurisdiction, Venue and Service of Process. Each of the parties hereto hereby submits to the jurisdiction of any U.S. federal
or New York state court in the Borough of Manhattan, The City of New York, in respect of actions brought against any such party as a defendant, in any legal suit, action or proceeding based on or arising under this Agreement and agrees that all
claims in respect of such suit or proceeding may be determined in any such court. Each of the parties hereto hereby waives any right to the jurisdiction of other courts to which it may be entitled on account of place of residence or domicile and
waives, to the extent permitted by law, the defense of an inconvenient forum or objections to personal jurisdiction with respect to the maintenance of such legal suit, action or proceeding. The Dealer Managers and the Company (on its behalf and, to
the extent permitted by applicable law, on behalf of its affiliates) waive all right to trial by jury in any action, proceeding or counterclaim (whether based upon contract, tort or otherwise) in any way arising out of or relating to this Agreement.
The Company shall maintain an office or agent for service of process in the Borough of 

  
 20 

 
Manhattan, The City of New York, where notices to and demands upon the Company in respect of this Agreement may be served. Initially this agent will be CT Corporation System, 111 Eighth Avenue,
New York, New York 10011 (the “Process Agent”), and the Company will agree not to change the designation of such agent without prior notice to the Dealer Managers and the Trustee and designation of a replacement agent in the Borough
of Manhattan, The City of New York. To the extent that the Company has or hereafter may acquire any immunity (sovereign or otherwise) from any legal action, suit or proceeding, from jurisdiction of any court or from set-off or any legal process
(whether service or notice, attachment in aid or otherwise) with respect to itself or any of its property, the Company hereby irrevocably waives and agrees not to plead or claim such immunity in respect of its obligations under this Agreement.

 (m) Judgment Currency. The Company agrees to indemnify the Dealer Managers against any loss incurred by the Dealer
Managers as a result of any judgment or order being given or made for any amount due hereunder and such judgment or order being expressed and paid in a currency (the “Judgment Currency”) other than United States dollars and as a
result of any variation as between (i) the rate of exchange at which the United States dollar amount is converted into the Judgment Currency for the purpose of such judgment or order, and (ii) the rate of exchange at which the Dealer
Managers are able to purchase United States dollars, on the nearest business day following the date of judgment, with the amount of the Judgment Currency actually received by the Dealer Manager. The foregoing indemnity shall constitute a separate
and independent obligation of the Company and shall continue in full force and effect notwithstanding any such judgment or order as aforesaid. The term “rate of exchange” shall include any premiums and costs of exchange payable in
connection with the purchase of, or conversion into, the relevant currency. 
 (n) Foreign Taxes. All payments by the
Company to the Dealer Managers hereunder shall be made free and clear of, and without deduction or withholding for or on account of, any and all present and future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or
withholdings, now or hereinafter imposed, levied, collected, withheld or assessed by the government of the Republic of Colombia or any other jurisdiction from or through which payment is made or deemed to be made, or any political subdivision
thereof or therein excluding (i) any such tax imposed by reason of the Dealer Managers having some present or former connection with any such jurisdiction other than their participation as the Dealer Managers hereunder, and the receipt of
payments hereunder, and (ii) any income or franchise tax on the overall net income of the Dealer Managers imposed by the United States or by the State of New York or any political subdivision of the United States or of the States of New York
(all such non-excluded taxes, “Foreign Taxes”). If the Company is prevented by operation of law or otherwise from paying, causing to be paid or remitting that portion of amounts payable hereunder represented by Foreign Taxes
withheld or deducted, then amounts payable under this Agreement shall be increased to such amount as is necessary to yield and remit to the Dealer Managers an amount that, after withholding or deduction of all Foreign Taxes (including all Foreign
Taxes payable on such increased payments) equals the amount that would have been payable if no Foreign Taxes applied. 

  
 21 

 (o) Entire Agreement; Severability. This Agreement contains the entire agreement
between the parties relating to the subject matter hereof and supersedes all oral statements and prior writings with respect thereto. If any term, provision, covenant or restriction contained in this Agreement is held by a court of competent
jurisdiction to be invalid, void or unenforceable or against public policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall remain in full force and effect and shall in no way be affected, impaired or
invalidated. The Company and the Dealer Managers shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid,
void or unenforceable provisions. 

  
 22 

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

			
	BANCOLOMBIA S.A.
		
	By	 	 /s/ Jose H. Acosta

	Name:	 	Jose H. Acosta
	Title:	 	Vice-President of Finance

 Confirmed and accepted as of the date first above written: 

 

					
	CITIGROUP GLOBAL MARKETS INC.
		
	By:	 	 /s/ Michael D. Gilfond

		 	Name:	 	Michael D. Gilfond
		 	Title:	 	Managing Director
		 		 	Latin America Credit Markets
	
	 MERRILL LYNCH, PIERCE, FENNER &
SMITH

              INCORPORATED

		
	By:	 	 /s/ Maxim Volkov

		 	Name:	 	Maxim Volkov
		 	Title:	 	Managing Director
	
	MORGAN STANLEY & CO. LLC
		
	By:	 	 /s/ Yurij Slyz

		 	Name:	 	Yurij Slyz
		 	Title:	 	Executive DirectorEX-10.1

 Exhibit 10.1 
 PURCHASE AND SALE AGREEMENT 
 between 

1200 Enclave Parkway, LLC, as Seller 
 and 
 Griffin Capital Corporation, as Purchaser 

1200 Enclave Parkway, Houston, Texas 77077 
 As of March 21, 2013 

 PURCHASE AND SALE AGREEMENT 

THIS PURCHASE AND SALE AGREEMENT (the “Agreement”), made and entered into as of the 21st day of March, 2013 (the
“Effective Date”), by and between 1200 Enclave Parkway, LLC, a Delaware limited liability company (“Seller”), and Griffin Capital Corporation, a California corporation (“Purchaser”).

 W I T N E S S E T H: 
 WHEREAS, Seller desires to sell that certain improved real property commonly known as 1200 Enclave Parkway, Houston, Texas 77077, together with certain related personal and intangible property of Seller,
and Purchaser desires to purchase such real, personal and intangible property; and 
 WHEREAS, the parties hereto desire to
provide for said sale and purchase on the terms and conditions set forth in this Agreement; 
 NOW, THEREFORE, for and in
consideration of the premises, the mutual covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt, adequacy, and sufficiency of which are hereby acknowledged by the parties hereto, the parties
hereto hereby covenant and agree as follows: 
 ARTICLE 1. 

PURCHASE AND SALE 
 1.1 Agreement to Sell and Purchase the Property. Subject to and in accordance with the terms and provisions of this Agreement, Seller agrees to sell and assign, and Purchaser agrees to
purchase and assume, the following property (collectively, the “Property”): 
 (a) that certain tract or parcel
of real property located in Harris County, Texas, which is more particularly described on EXHIBIT “A” attached hereto, together with all rights, privileges and easements appurtenant to said real property, and all
right, title and interest, if any, of Seller in and to any land lying in the bed of any street, road, alley or right-of-way, open or closed, adjacent to or abutting said real property (the “Land”); 

(b) all buildings, structures and improvements now situated on the Land, including without limitation, all parking areas and facilities,
improvements and fixtures located on the Land and owned by Seller (the “Improvements”); 
 (c) all right, title
and interest of Seller as “landlord” or “lessor” in and to the leases described on EXHIBIT “E” attached hereto (the “Leases”) and the License Agreements described on
EXHIBIT “E” attached hereto (“License Agreements”); 
 (d) all carpeting,
draperies, appliances, personal property (excluding any computer software which is either licensed to Seller or which Seller deems proprietary), machinery, apparatus and equipment owned by Seller and currently used exclusively in the operation,
repair and maintenance of the Land and Improvements and situated thereon, and shall be 

 
conveyed by Seller to Purchaser subject to replacements and additions (of like character and value) and depletions, in the ordinary course of Seller’s business (the “Personal
Property”); provided, however, that the Personal Property does not include any property owned by tenant, contractors or licensees; and 
 (e) all intangible property, if any, owned by Seller and related to the Land, the Improvements and the Personal Property, including without limitation, the rights and interests, if any, of Seller in and
to the following (to the extent assignable): (i) all assignable plans and specifications and other architectural and engineering drawings for the Land and Improvements; (ii) all assignable warranties or guaranties given or made in respect
of the Improvements or Personal Property; (iii) all transferable consents, authorizations, variances or waivers, licenses, permits and approvals from any governmental or quasi-governmental agency, department, board, commission, bureau or other
entity or instrumentality solely in respect of the Land or Improvements; (iv) all of the right, title and interest of Seller in and to all Service Contracts that Purchaser agrees to assume (or is deemed to have agreed to assume); (v) the
rights, if any, to the name “1200 Enclave Parkway, Houston, Texas”, any URL, logo and trademarks associated therewith; and (vi) all books, records and other materials delivered to Purchaser pursuant to this Agreement (the
“Intangible Property”). 
 1.2 Permitted Exceptions. The Property shall be conveyed subject to
(a) liens for Taxes, in each case not yet due and payable with respect to the Land and Improvements, (b) the Leases and Licenses affecting the Land and Improvements, (c) such state of facts as are disclosed in the existing survey
identified on EXHIBIT “H” attached hereto (the “Existing Survey”) and such state of facts that would be disclosed by an update of the Existing Survey, and (d) such other easements, restrictions and
encumbrances with respect to the Land and Improvements that do not constitute Monetary Objections (as hereinafter defined) and are disclosed on Purchaser’s pro forma Owner’s Policy of Title Insurance, issued by Chicago Title Insurance
Company (the “Title Company”) and delivered to Seller via email dated March 11, 2013 (the “Title Commitment”) or on Schedule B of Seller’s Policy of Title Insurance (the “Existing Title
Policy”) issued by Chicago Title Insurance Corporation, and dated March 31, 2011 (collectively, the “Permitted Exceptions”). 
 1.3 Earnest Money. 
 (a) Purchaser has deliver $1,000,000 (the
“Earnest Money”) to Chicago Title Insurance Corporation (the “Escrow Agent”), at 700 S. Flower Street, Suite 800, Los Angeles, California 90017, by federal wire transfer, which Earnest Money shall be held and
released by Escrow Agent in accordance with the terms of that certain escrow agreement in the form attached hereto as SCHEDULE 8 entered into among Seller, Purchaser and Escrow Agent with respect to the Earnest Money (the
“Escrow Agreement”). 
 (b) The Earnest Money shall be applied to the Purchase Price at the Closing and shall
otherwise be held, refunded, or disbursed in accordance with the terms of the Escrow Agreement and this Agreement. Interest and other income from time to time earned on the Earnest Money shall be earned for the account of Purchaser, and shall be a
part of the Earnest Money. 

  
 2 

 1.4 Purchase Price. The purchase price (the “Purchase Price”) to be
paid by Purchaser to Seller for the Property shall be the sum of FORTY-EIGHT MILLION, SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS ($48,750,000 U.S.). The Purchase Price shall be paid to Seller at the Closing as follows: 

(c) The Earnest Money shall be paid by Escrow Agent to Seller at Closing; and 

(d) At Closing, the balance of the Purchase Price, after applying, as partial payment of the Purchase Price, the Earnest Money, and
subject to prorations and other adjustments specified in this Agreement, shall be paid by Purchaser in immediately available funds to the Title Company, for further delivery to an account or accounts designated by Seller. 

1.5 Closing. The consummation of the sale by Seller and purchase by Purchaser of the Property (the
“Closing”) shall be held on May 1, 2013, time being of the essence with respect to Purchaser’s obligation to close on such date. The Closing shall take place by mail through the Title Company. The date of the Closing is
sometimes referred to as the “Closing Date.” It is contemplated that the transaction shall be closed with the concurrent delivery of the documents of title and the payment of the Purchase Price. 

ARTICLE 2. 

PURCHASER’S INSPECTION AND REVIEW RIGHTS 
 2.1 Due Diligence Inspections. 
 (a) From and after the Effective
Date until the Closing Date or earlier termination of the inspection rights of Purchaser under this Agreement, Seller shall permit Purchaser and its authorized representatives to inspect the Property, to perform due diligence and environmental
investigations, to examine the records of Seller with respect to the Property, and make copies thereof, at such times during normal business hours as Purchaser or its representatives may request. All such inspections shall be nondestructive in
nature, and specifically shall not include, without Seller’s prior written consent, any physically intrusive testing. All such inspections shall be performed in such a manner to minimize any interference with the business of the tenants under
the Leases, and, in each case, in compliance with the rights and obligations of Seller as landlord under the Leases. Upon no less than two (2) Business Days’ prior notice to Seller, Seller agrees to undertake commercially reasonable
efforts to make an appropriate representative of the tenant under the Schlumberger Lease available to Purchaser to enable Purchaser to interview such tenant. Purchaser acknowledges that Seller and Seller’s representatives have the right to be
present at any such tenant interview. All inspection fees, appraisal fees, engineering fees and all other costs and expenses of any kind incurred by Purchaser relating to the inspection of the Property shall be solely Purchaser’s expense.
Seller reserves the right to have a representative present at the time of making any such inspection and at the time of any such interview with any tenant. Purchaser shall notify Seller not less than two (2) Business Days in advance of making
any such inspection. 
 (b) If the Closing is not consummated due to the default of Purchaser hereunder, then Purchaser shall
promptly deliver to Seller copies of all reports, surveys and other information furnished to Purchaser by third parties in connection with such inspections; provided, however, 

  
 3 

 
that delivery of such copies and information shall be without warranty or representation whatsoever, express or implied, including, without limitation, any warranty or representation as to
ownership, accuracy, adequacy or completeness thereof or otherwise. Seller agrees to reimburse Purchaser for the cost and expense of copying and delivering such materials to Seller. Purchaser shall not be obligated to incur any costs or expense to
enable Seller to rely upon any such reports, surveys or other information. If the Closing is not consummated for reasons other than a Purchaser default hereunder, then Purchaser shall not be obligated to promptly deliver to Seller copies of some or
all of the reports, surveys and other information furnished to Purchaser by third parties in connection with Purchaser’s inspection of the Property unless Seller reimburses Purchaser for the cost of such reports. This Section 2.1(b)
shall survive the termination of this Agreement. 
 (c) To the extent that Purchaser or any of its representatives, agents or
contractors damages or disturbs the Property or any portion thereof, Purchaser shall return the same to substantially the same condition which existed immediately prior to such damage or disturbance. Purchaser hereby agrees to and shall indemnify,
defend and hold harmless Seller from and against any and all expense, loss or damage which Seller may incur (including, without limitation, reasonable attorneys’ fees actually incurred) for personal injury, death or damage to property as a
result of any act or omission of Purchaser or its representatives, agents or contractors. Said indemnification shall not extend to pre-existing conditions merely discovered by Purchaser. Said indemnification agreement shall survive the Closing, or
earlier termination of this Agreement for a period of one (1) year. Purchaser shall maintain and shall ensure that Purchaser’s consultants and contractors maintain commercial general liability insurance in an amount not less than
$2,000,000, combined single limit, and in form and substance adequate to insure against all liability of Purchaser and its consultants and contractors, respectively, and each of their respective agents, employees and contractors, arising out of
inspections and testing of the Property or any part thereof made on Purchaser’s behalf. Purchaser agrees to provide to Seller a certificate of insurance with regard to each applicable liability insurance policy prior to any entry upon the
Property by Purchaser or its consultants or contractors, as the case may be, pursuant to this Section 2.1. 
 2.2
Deliveries by Seller to Purchaser; Purchaser’s Access to Property Records of Seller. 
 (a) Seller and Purchaser
acknowledge that all of the following (the “Due Diligence Deliveries”) have been delivered or made available to Purchaser (and Purchaser further acknowledges that no additional items are required to be delivered by Seller to
Purchaser except as may be expressly set forth in other provisions of this Agreement): 
  

	 	(i)	Copies of the most recent property tax bills with respect to the Property. 

 

	 	(ii)	Copies of the Leases, and any guarantees relating thereto, and copies of the License Agreements, existing as of the Effective Date, and identified on
EXHIBIT “E” attached hereto and made a part hereof. 

  

	 	(iii)	Copies of all contracts and agreements entered into by Seller relating to the repair, maintenance or operation of the Land, Improvements or Personal

  
 4 

	 	
Property which will extend beyond the Closing Date, including, without limitation, all equipment leases currently in place, set forth on EXHIBIT “G” (the
“Service Contracts”). 

  

	 	(iv)	A copy of the Existing Title Policy. 

  

	 	(v)	A copy of the existing survey identified on EXHIBIT “H” attached hereto and made a part hereof (the “Existing Survey”).

  

	 	(vi)	A copy of the existing environmental report identified on EXHIBIT “D” attached hereto and made a part hereof (the “Existing
Environmental Report”). 

  

	 	(vii)	Copies of all certificates of occupancy with respect to the Property which are in Seller’s possession. 

 

	 	(viii)	Property financial statements for years 2011 and 2012 and operating expense reconciliations for years 2011 and 2012. 

 

	 	(ix)	Payment history for disbursements to the tenant under the Schlumberger Lease for tenant improvement work. 

(b) From the Effective Date until the Closing Date under this Agreement, or earlier termination of this Agreement, Seller shall deliver
to Purchaser upon Purchaser’s request, copies of any financial statements or other financial information of the tenants under the Leases (and the lease guarantors, if any), written information relative to the tenants’ payment history, and
tenants’ correspondence to the extent Seller has the same in its possession; available surveys, construction plans and specifications, copies of any permits, licenses or other similar documents, available records of any operating costs and
expenses and similar materials relating to the construction, operation, maintenance, repair, management and leasing of the Property, in each case to the extent any or all of the same are in the possession or control of Seller or its agents, subject,
however, to the limitations of any confidentiality or nondisclosure agreement to which Seller may be bound, and provided that Seller shall not be required to deliver or make available to Purchaser any appraisals, third party property condition
reports (other than the Existing Environmental Report) obtained by Seller in connection with the Property, strategic plans for the Property, internal analyses, information regarding the marketing for sale of the Property, submissions relating to
Seller’s obtaining of corporate or partnership authorization, attorney and accountant work product, attorney-client privileged documents, or other information in the possession or control of Seller which Seller reasonably deems confidential or
proprietary. Purchaser acknowledges and agrees that Seller makes no representation or warranty of any nature whatsoever, express or implied, with respect to the ownership, enforceability, accuracy, adequacy or completeness or otherwise of any of
such records, evaluations, data, investigations, reports or other materials. If the Closing contemplated hereunder fails to take place for any reason, or if Purchaser elects to terminate this Agreement pursuant to Section 2.6 hereof,
Purchaser shall promptly return (or certify as having destroyed) all copies of materials furnished by Seller or Seller’s representatives relating to the Property; provided, however, that Purchaser shall not be required to return or destroy any
materials provided to Purchaser by electronic 

  
 5 

 
transmission or any materials in the back-up systems of Purchaser. In addition, Purchaser shall not be required to return or destroy any materials to the extent that Purchaser, pursuant to its
record retention policy for legal or regulatory purposes, customarily retains the same, It is understood and agreed that Seller shall not have any obligation to obtain, commission or prepare any such books, records, files, reports or studies not now
in the possession or control of Seller or its agents. 
 2.3 Condition of the Property. 

(a) Purchaser and Seller mutually acknowledge and agree that the Property is being sold in an “AS IS, WHERE IS” condition and
“WITH ALL FAULTS,” known or unknown, contingent or existing, except as set forth in this Agreement. Purchaser has the sole responsibility fully to inspect the Property, to investigate all matters relevant thereto, including, without
limitation, the condition of the Property, and to reach its own, independent evaluation of any risks (environmental or otherwise) or rewards associated with the ownership, leasing, management and operation of the Property. Effective as of the
Closing and except as expressly set forth in this Agreement, Purchaser hereby waives and releases Seller and its officers, directors, shareholders, partners, agents, affiliates, employees and successors and assigns from and against any and all
claims, obligations and liabilities arising out of or in connection with the Property. 
 (b) To the fullest extent permitted by
law, Purchaser does hereby unconditionally waive and release Seller and its officers, directors, shareholders, partners, agents, affiliates and employees from any present or future claims and liabilities of any nature arising from or relating to the
presence or alleged presence of Hazardous Substances in, on, at, from, under or about the Property or any adjacent property, including, without limitation, any claims under or on account of any Environmental Law, regardless of whether such Hazardous
Substances are located in, on, at, from, under or about the Property or any adjacent property prior to or after the date hereof (collectively, “Environmental Liabilities”); provided, however, that the foregoing release as it applies
to Seller, its officers, directors, shareholders, partners, agents, affiliates and employees, shall not release Seller from any Environmental Liabilities of Seller relating to any Hazardous Substances which may be placed, located or released on the
Property by Seller after the date of Closing. The terms and provisions of this Section 2.3 shall survive the Closing. 
 2.4 Title and Survey. Purchaser has received from the Title Company a preliminary title commitment with respect to the Property issued in favor of Purchaser (the “Title
Commitment”). Purchaser shall order, at its expense, an update of the Existing Survey (the Existing Survey, together with any update thereof, the “Survey”). Purchaser shall promptly deliver to Seller copies of the Title
Commitment and Survey. Purchaser shall have until the date which is ten (10) days prior to the expiration of the Inspection Period (the “Objection Date”), to give written notice (the “Title Notice”) to Seller
of such objections as Purchaser may have to any exceptions to title disclosed in the Title Commitment or in any Survey or otherwise in Purchaser’s examination of title. Subject to the next paragraph in this Section 2.4, any title or
Survey matters which Purchaser fails to raise in the Title Notice on or before the Objection Date shall be deemed Permitted Exceptions. 

  
 6 

 Seller shall have the right, but not the obligation (except as to Monetary Objections,
defined below), to attempt to remove, satisfy or otherwise cure any exceptions to title to which the Purchaser so objects. Within five (5) Business Days after receipt of Purchaser’s Title Notice, Seller shall give written notice to
Purchaser informing the Purchaser of Seller’s election with respect to such objections. If Seller fails to give written notice of election within such five (5) Business Day period, Seller shall be deemed to have elected not to attempt to
cure the objections (other than Monetary Objections). If Seller elects to attempt to cure any objections, Seller shall be entitled to one or more reasonable adjournments of the Closing to attempt such cure, but, except for Monetary Objections,
Seller shall not be obligated to expend any sums, commence any suits or take any other action to effect such cure. Except as to Monetary Objections, if Seller elects, or is deemed to have elected, not to cure any exceptions to title to which
Purchaser has objected on or before the Objection Date, or, if after electing to attempt to cure, Seller determines that it is unwilling or unable to remove, satisfy or otherwise cure any such exceptions, Purchaser’s sole remedy hereunder in
such event shall be either (i) to accept title to the Property subject to such exceptions as if Purchaser had not objected thereto and without reduction of the Purchase Price (in which case such objections shall be deemed to be
“Permitted Exceptions”), or (ii) to terminate this Agreement within three (3) Business Days after receipt of written notice from Seller either of Seller’s election not to attempt to cure any objection or of
Seller’s determination, having previously elected to attempt to cure, that Seller is unable or unwilling to do so, whereupon Escrow Agent shall pay the Earnest Money (a) in the event that the uncured objections to title first appeared of
record or were first raised by the Title Company or any surveyor after the date of the Title Commitment and before the Closing Date and are not Permitted Exceptions, to Purchaser, or (b) in all other events, to Seller. 

Notwithstanding anything in this Agreement to the contrary, and except for Monetary Objections, if the removal of any title encumbrance
filed against the Property is the responsibility of any tenant of the Property to cure or remove pursuant to the terms of its Lease, Seller shall promptly deliver a notice to such tenant with respect thereto and shall use reasonable efforts (without
the expenditure by Seller of any funds and without the commencement or prosecution by Seller of an action or proceeding against such tenant with respect thereto) to cause such tenant promptly to remove such encumbrance. Seller shall have no
liability, nor shall Purchaser be entitled to any abatement or reduction of the Purchase Price or delay or adjournment of Closing, if such tenant fails to remove such encumbrance. Seller shall promptly deliver to Purchaser a copy of any such notice
delivered by Seller to any tenant of the Property. 
 Notwithstanding anything to the contrary contained elsewhere in this
Agreement, Seller shall be obligated to cure or satisfy all Monetary Objections at or prior to Closing, and Seller may use the proceeds of the Purchase Price at Closing for such purpose. Monetary Objections shall be deemed “cured” and
“satisfied” upon the deposit by Seller (which may be from proceeds of the Purchase Price) with the Title Company at Closing of funds sufficient to pay the underlying obligation relating to such Monetary Objection and the Title
Company’s deletion of such Monetary Objection from the Title Policy. 
 As used herein, “Monetary
Objections” shall mean (a) mortgages, mechanic’s and materialmen’s liens created by, through or under Seller, and all other liens created by, through or under Seller securing the repayment of money, (b) the lien of ad
valorem real or personal property taxes, assessments and governmental charges affecting all or any portion of the Property 

  
 7 

 
which are delinquent, and (c) any judgment, violation or lien of record against Seller, or, to the extent caused by Seller, the Property, in the county, town or other applicable jurisdiction
in which the Property is located. 
 Whether or not Purchaser shall have furnished to Seller a Title Notice pursuant to the
foregoing paragraph, Purchaser may, at or prior to Closing, promptly upon Purchaser obtaining knowledge thereof, notify Seller in writing of any objections to title first raised by the Title Company or the surveyor between the Objection Date and the
date on which the transaction contemplated hereby is scheduled to close. With respect to any objections to title set forth in such notice, Seller shall have the same option to cure and Purchaser shall have the same option to accept title subject to
such matters or to terminate this Agreement as those which apply to any notice of objections made by Purchaser before the Objection Date. If Seller elects to attempt to cure any such matters, the date for Closing shall be automatically adjourned, if
necessary, by a reasonable additional time up to sixty (60) days to effect such a cure. 
 2.5 Service
Contracts. Prior to the expiration of the Inspection Period, Purchaser will designate in a written notice to Seller which Service Contracts Purchaser will assume and which Service Contracts will be terminated by Seller at Closing. Seller
will assign and Purchaser will assume the benefits and obligations arising from and after the Closing Date under those Service Contracts which Purchaser has designated will not be terminated. Seller, without cost to Purchaser, shall terminate at
Closing all Service Contracts that are not so assumed, and Seller will pay penalties and costs associated with such terminations provided Purchaser provides written notice to Seller of the desire to terminate the applicable Service Contract not less
than thirty (30) days prior to Closing. If Purchaser fails to notify Seller in writing on or prior to the expiration of the Inspection Period of any Service Contracts that Purchaser does not desire to assume at Closing, Purchaser shall be
deemed to have elected to assume all such Service Contracts and to have waived its right to require Seller to terminate such Service Contracts. 
 2.6 Termination of Agreement. From the Effective Date until 5:00 P.M. Eastern Standard Time on that date which is thirty (30) days after the Effective Date (the “Inspection
Period”), Purchaser shall have the right to determine, in Purchaser’s sole opinion and discretion, the suitability of the Property for acquisition by Purchaser or Purchaser’s permitted assignee. Purchaser shall have the right to
terminate this Agreement at any time on or before said time and date of expiration of the Inspection Period by giving written notice to Seller of such election to terminate on or before the expiration of the Inspection Period. If Purchaser so elects
to terminate this Agreement pursuant to this Section 2.6, then provided Seller is not in default under this Agreement, Escrow Agent shall pay the Earnest Money to Seller, and if Seller is in default hereunder, the Earnest Money shall be
paid to Purchaser. Upon such payment of the Earnest Money, except for those provisions of this Agreement which by their express terms survive the termination of this Agreement, no party hereto shall have any other or further rights or obligations
under this Agreement. If Purchaser fails so to terminate this Agreement prior to the expiration of the Inspection Period, Purchaser shall have no further right to terminate this Agreement pursuant to this Section 2.6. The parties
acknowledge that this Agreement shall not be void or voidable for lack of mutuality. 
 2.7 Confidentiality. All
information acquired by Purchaser or any of its designated representatives (including by way of example, but not in limitation, the officers, directors, 

  
 8 

 
shareholders and employees of Purchaser, and Purchaser’s engineers, consultants, counsel and potential lenders, and the officers, directors, shareholders and employees of each of them) with
respect to the Property, whether delivered by Seller or any representatives of Seller or obtained by Purchaser as a result of its inspection and investigation of the Property, examination of the books, records and files of Seller in respect of the
Property, or otherwise (collectively, the “Due Diligence Material”) shall be used solely for the purpose of determining whether the Property is suitable for Purchaser’s acquisition and ownership thereof and for no other purpose
whatsoever. Prior to Closing, the terms and conditions which are contained in this Agreement and all Due Diligence Material which is not published as public knowledge or which is not generally available in the public domain shall be kept in strict
confidence by Purchaser and shall not be disclosed to any individual or entity other than to those authorized representatives of Purchaser and Purchaser’s prospective and actual counsel, accountants, professionals, consultants, attorneys and
lenders, who need to know the information for the purpose of assisting Purchaser in evaluating the Property for Purchaser’s potential acquisition thereof; provided, however, that Purchaser shall have the right to disclose any such information
if required by applicable law or as may be necessary in connection with any court action or proceeding with respect to this Agreement. Purchaser shall and hereby agrees to indemnify and hold Seller harmless from and against any and all loss,
liability, cost, damage or expense that Seller may suffer or incur (including, without limitation, reasonable attorneys’ fees actually incurred) as a result of the unpermitted disclosure of any of the Due Diligence Material to any individual or
entity other than an appropriate representative of Purchaser and Purchaser’s prospective and actual counsel, accountants, professionals, consultants, attorneys and lenders and/or the use of any Due Diligence Material for any purpose other than
as herein contemplated and permitted. The foregoing indemnity shall not extend to disclosure of any Due Diligence Material (i) as may be required by applicable law, or (ii) that is or becomes public knowledge other than by virtue of a
breach of Purchaser’s covenant under this Section 2.7. If Purchaser or Seller elects to terminate this Agreement pursuant to any provision hereof permitting such termination, or if the Closing contemplated hereunder fails to occur
for any reason, Purchaser will promptly return to Seller all Due Diligence Material in the possession of Purchaser and any of its representatives, and destroy all copies, notes or abstracts or extracts thereof, as well as all copies of any analyses,
compilations, studies or other documents prepared by Purchaser or for its use (whether in written or electronic form) containing or reflecting any Due Diligence Material; provided, however, that Purchaser shall not be required to return or destroy
any materials provided to Purchaser by electronic transmission or any materials in the back-up systems of Purchaser. In the event of a breach or threatened breach by Purchaser or any of its representatives of this Section 2.7, Seller
shall be entitled, in addition to other available remedies, to an injunction, without the necessity of proving actual damages, restraining Purchaser or its representatives from disclosing, in whole or in part, any of the Due Diligence Material and
any of the terms and conditions of this Agreement. Nothing contained herein shall be construed as prohibiting or limiting Seller from pursuing any other available remedy, in law or in equity, for such breach or threatened breach. The provisions of
this Section 2.7 shall survive any termination of this Agreement. 

  
 9 

 ARTICLE 3. 
 CLOSING DELIVERIES, CLOSING COSTS AND PRORATIONS 
 3.1 Seller’s
Closing Deliveries. For and in consideration of Purchaser’s delivery to Seller of the Purchase Price, Seller shall obtain or execute and deliver to Purchaser at Closing the following documents, all of which shall be duly executed,
acknowledged and notarized where required: 
 (a) Deed. A form of Special Warranty Deed from Seller conveying the Land
and Improvements (the “Deed”), subject only to the Permitted Exceptions, and executed and acknowledged by Seller. The legal description of the Land set forth in the Deed shall be based upon and conform to the legal description attached
hereto as EXHIBIT “A”. If and to the extent that any of the Permitted Exceptions requires the recitation or incorporation in any deed of any provisions of such Permitted Exception, the Deed may conform to such
requirements; 
 (b) Quitclaim Deed. A form of quitclaim deed from Seller conveying the Land and Improvements (the
“Quitclaim Deed”), subject only to the Permitted Exceptions, and executed and acknowledged by Seller. The legal description of the Land set forth in the Quitclaim Deed shall be based upon and conform to the legal description attached
hereto as EXHIBIT “A-1” 
 (c) Assignment and Assumption of Leases and License
Agreements. Two (2) counterparts of an assignment and assumption of the Leases and License Agreements, in the form attached hereto as SCHEDULE 1 (the “Assignment and Assumption of Leases”), executed and
acknowledged by Seller; 
 (d) Assignment and Assumption of Service Contracts. Two (2) counterparts of an assignment
and assumption of Service Contracts in the form attached hereto as SCHEDULE 2 (the “Assignment and Assumption of Service Contracts”), executed by Seller; 

(e) General Assignment. An assignment of the Intangible Property of Seller in the form attached hereto as
SCHEDULE 3 (the “General Assignment”), executed by Seller; 
 (f) Seller’s
Affidavit. An owner’s affidavit from Seller in a form reasonably requested by the Title Company and reasonably acceptable to Seller and in a form sufficient to enable the Title Company to issue the Title Policy; 

(g) Seller’s Certificate. A certificate from Seller in the form attached hereto as SCHEDULE 4
(“Seller’s Certificate”), evidencing the reaffirmation of the truth and accuracy in all material respects of Seller’s representations and warranties set forth in Section 4.1 hereof, with such modifications thereto as
may be appropriate in light of any change in circumstance since the Effective Date to the extent such changes were not the result of a breach by Seller of its obligations under this Agreement and do not materially and adversely modify rights of
Purchaser hereunder; 
 (h) FIRPTA Certificate. A FIRPTA Certificate from Seller in the form attached hereto as
SCHEDULE 5, or in such other form as applicable laws may require; 
 (i) Evidence of
Authority. Such documentation as may reasonably be required by the Title Company to establish that this Agreement, the transactions contemplated herein, and the execution and delivery of the documents required hereunder, are duly authorized,
executed and delivered on behalf of Seller; 

  
 10 

 (j) Settlement Statement. A settlement statement setting forth the amounts paid by or
on behalf of and/or credited to each of Purchaser and Seller pursuant to this Agreement, signed by Seller; 
 (k) Surveys and
Plans. Such surveys, site plans, plans and specifications, and other matters relating to the Property as are in the possession of Seller to the extent not theretofore delivered to Purchaser; 

(l) Certificates of Occupancy. Original or photocopies of certificates of occupancy for all space within the Improvements located
on the Property to the extent not theretofore delivered to Purchaser; 
 (m) Leases and License Agreements. An original
executed counterpart of the Leases and License Agreements, or, if the original is unavailable, then a copy thereof certified by Seller to be true, correct and complete; 
 (n) Tenant Estoppel Certificates, License Estoppel Certificates and Association Estoppel. The Tenant Estoppel Certificates, License Estoppel Certificates and Association Estoppel, to the extent in
the possession of Seller; 
 (o) Notice of Sale to Tenants and Licensees. Seller will join with Purchaser in executing a
notice, in form and content reasonably satisfactory to Seller and Purchaser (the “Tenant/Licensee Notice of Sale”), which Purchaser shall send to the tenants under the Leases and licensees under the License Agreements informing the
tenants and licensees of the sale of the Property and of the assignment to and assumption by Purchaser of Seller’s interest in the Leases and Licenses and directing that all rent and other sums payable for periods after the Closing under the
Leases and Licenses shall be paid as set forth in said notice; 
 (p) Notices of Sale to Service Contractors. Seller will
join with Purchaser in executing notices, in form and content reasonably satisfactory to Seller and Purchaser (the “Other Notices of Sale”), which Purchaser shall send to each service provider under the Service Contracts assumed by
Purchaser at Closing informing such service provider of the sale of the Property and of the assignment to and assumption by Purchaser of Seller’s obligations under the Service Contracts arising after the Closing Date and directing that all
future statements or invoices for services under such Service Contracts for periods after the Closing be directed to Seller or Purchaser as set forth in said notices; 
 (q) Permits, Approvals. Copies of all permits, authorizations and approvals issued by governmental or quasi-governmental authorities, to the extent in Seller’s possession and not theretofore
delivered to Purchaser; 
 (r) Keys and Records. All of the keys to any door or lock on the Property and the original
tenant files and other non-confidential books and records (excluding any appraisals, budgets, third party reports obtained by Seller in connection with the Property (other than the Existing Environmental Report), strategic plans for the Property,
internal analyses, information regarding the marketing of the Property for sale, submissions relating to Seller’s obtaining of corporate or partnership authorization, attorney and accountant work product, attorney-client privileged documents,
or other information, in the possession or control of Seller which Seller reasonably deems proprietary) relating to the Property in the possession of Seller; 

  
 11 

 (s) Schlumberger Lease SNDA. A subordination, non-disturbance and attornment
agreement from the tenant under the Schlumberger Lease, generally in the form attached hereto at Schedule 10, with such modifications as are acceptable to said tenant and otherwise in compliance with the requirements of the Schlumberger Lease
(the “SNDA”); 
 (t) Other Documents. Such other documents and fees as Seller is required to deliver and
pay, if any, under this Agreement or as shall be reasonably requested by Purchaser or the Title Company to effectuate the purposes and intent of this Agreement; and 
 (u) Possession of the Property. Possession of the Property, subject to the Permitted Encumbrances. 
 3.2 Purchaser’s Closing Deliveries. Purchaser shall obtain or execute and deliver to Seller at Closing the following documents, all of which shall be duly executed, acknowledged and
notarized where required: 
 (a) Assignment and Assumption of Leases and License Agreements. Two (2) counterparts of
an assignment and assumption of the Leases and License Agreements, in the form attached hereto at SCHEDULE 1, executed and acknowledged by Purchaser; 
 (b) Assignment and Assumption of Service Contracts. Two (2) counterparts of the Assignment and Assumption of Service Contracts, in the form attached hereto at SCHEDULE 2,
executed and acknowledged by Purchaser; 
 (c) Purchaser’s Certificate. A certificate in the form attached hereto as
SCHEDULE 6 (“Purchaser’s Certificate”), evidencing the reaffirmation of the truth and accuracy in all material respects of Purchaser’s representations and warranties contained in Section 4.3
hereof, with such modifications thereto as may be appropriate in light of any change in circumstances since the Effective Date to the extent such changes were not the result of a breach by Purchaser of its obligations under this Agreement;

 (d) Notices of Sale to Tenants/Licensees. Purchaser shall execute the Tenant Notice of Sale as contemplated in
Section 3.1(n) hereof; 
 (e) Notices of Sale to Service Contractors. Purchaser shall execute the Other
Notices of Sale to service providers as contemplated in Section 3.1(o) hereof; 
 (f) Settlement
Statement. A settlement statement setting forth the amounts paid by or on behalf of and/or credited to each of Purchaser and Seller pursuant to this Agreement, signed by Purchaser; 

(g) Evidence of Authority. Such documentation as may be reasonably required by the Title Company and Seller to establish that this
Agreement, the transactions contemplated herein, and the execution and delivery of the documents required hereunder, are duly authorized, executed and delivered on behalf of Purchaser; 

  
 12 

 (h) Property Management Agreement. A property management agreement in the form
attached hereto at Schedule 9, executed by Purchaser’s affiliate; and 
 (i) Other Documents. Such other
documents and fees as Purchaser is required to deliver and pay under this Agreement or as shall be reasonably requested by Seller to effectuate the purposes and intent of this Agreement. 

3.3 Closing Costs. Seller shall pay the cost of all title examination fees and expenses and title insurance premiums
payable with respect to the owner’s title insurance policy issued by the Title Company to Purchaser, one-half of the cost of escrow fees, the attorneys’ fees of Seller, the brokerage commission due Broker pursuant to
Section 10.2 of this Agreement, the cost of recording any documents necessary to satisfy any Monetary Objections, and all other costs and expenses incurred by Seller in closing and consummating the purchase and sale of the Property
pursuant hereto. 
 Purchaser shall pay the costs of obtaining the Survey, the cost of all endorsements to Purchaser’s
owner’s title insurance policy, the costs of issuing and title insurance premiums for any mortgagee title insurance policy obtained by Purchaser, the cost of the documentary stamps or transfer taxes, if any, imposed upon the conveyance of the
Property, the cost of recording the Deed and all other recording fees on all instruments to be recorded in connection with these transactions except recording fees related to the satisfaction of Monetary Objections, one-half of the cost of escrow
fees, and the cost of any other Closing fees, the attorneys’ fees of Purchaser, and all other costs and expenses incurred by Purchaser in the performance of Purchaser’s due diligence inspection of the Property (including without limitation
appraisal costs, environmental audit and assessment costs, and engineering review costs) and in closing and consummating the purchase and sale of the Property pursuant hereto. 
 3.4 Prorations and Credits. The following items in this Section 3.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing,
based upon the actual number of days in the applicable month or year: 
 (a) Taxes. All real estate taxes, assessments
and governmental charges, payments in lieu of taxes or assessments imposed by any governmental authority (“Taxes”) for the year in which the Closing occurs shall be prorated between Purchaser and Seller with respect to the Property
as of the Closing on the basis of the fiscal year assessed. If the Closing occurs prior to the receipt by Seller of the tax bill for the Property for applicable tax period in which the Closing occurs, Taxes with respect to the Property shall be
prorated for such calendar year or other applicable tax period based upon the prior year’s tax bill. 
 (b) Reproration
of Taxes. Within thirty (30) days of receipt of final bills for Taxes, the party receiving said final tax bills shall furnish copies of the same to the other party and shall prepare and present to such other party a calculation of the
reproration of such Taxes based upon the actual amount of such Taxes for the year on the basis of the fiscal year assessed. The parties shall make the appropriate adjusting payment between them within thirty (30) days after presentment to
Seller of Purchaser’s calculation and appropriate back-up information. The provisions of this Section 3.4(b) shall survive the Closing for a period of one (1) year after the Closing Date. 

  
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 (c) Rents, Income and Other Expenses. Rents and any other amounts paid to Seller by
the tenant under any Lease shall be prorated as of the Closing Date and be adjusted against the Purchase Price on the basis of a schedule which shall be prepared by Seller and delivered to Purchaser for Purchaser’s review and approval prior to
Closing. Seller and Purchaser shall prorate all rents, additional rent, common area maintenance charges, operating expense contributions, tenant reimbursements and escalations, business park association assessments, if any, and all other payments
under any Lease received as of the Closing Date so that at Closing Seller will receive monthly basic rent payments through the day prior to the Closing Date. All rents and other payments received by Seller after Closing shall be promptly paid to
Purchaser. Purchaser agrees to pay to Seller, upon receipt, any rents or other payments by the tenant under any Lease that apply to periods prior to Closing but which are received by Purchaser after Closing; provided, however, that any rents or
other payments by such tenant received by Purchaser after Closing shall be applied first to any current amounts then owed to Purchaser by such tenant with the balance, if any, paid over to Seller to the extent of delinquencies existing on the date
of Closing. Purchaser agrees to use commercially reasonable efforts (but shall not be obligated to institute any action to enforce or terminate a lease), short of termination of any Lease, to collect from the tenant on behalf of Seller any rents or
other charges payable with respect to any Lease or any portion thereof which are delinquent or past due as of the Closing Date. Upon collection of any such delinquent or past due amounts, Purchaser shall promptly remit the same to Seller. Purchaser
will keep Seller reasonably apprised of the progress of any such collection efforts by Purchaser on behalf of Seller. The provisions of this Section 3.4(c) shall survive the Closing. 

(d) Tenant Inducement Costs; Overages. With respect to all periods prior to the Closing Date, Seller shall pay (i) all
out-of-pocket payments required under the Lease Agreement by and between Seller and Schlumberger Technology Corp. concerning the Property (“Schlumberger Lease”) and all other Leases to be paid by the landlord thereunder to or for
the benefit of the tenant thereunder which is in the nature of a tenant inducement, including specifically, but without limitation, tenant improvement costs, lease buyout payments, and moving, design, and refurbishment costs, but specifically
excluding the Refurbishment Allowance as defined in the Schlumberger Lease (collectively, “Tenant Inducement Costs”), (ii) any remaining free or reduced rent to which tenant is entitled to receive under the Schlumberger Lease
(but no other Leases), and (iii) leasing commissions payable under the Leases. If said amounts have not been paid in full on or before Closing, Purchaser shall receive a credit against the Purchase Price in the aggregate amount of all such
Tenant Inducement Costs and leasing commissions remaining unpaid at Closing, and Purchaser shall assume the obligation to pay amounts payable after Closing up to the amount of such credit received at Closing. The provisions of this
Section 3.4(d) shall survive the Closing. 
 (e) Operating Expenses; Year End Reconciliation.
Installment payments of special assessment liens, vault charges, sewer charges, utility charges, charges under Service Agreements and normally prorated operating expenses actually paid or payable by Seller as of the Closing Date shall be prorated as
of the Closing Date and adjusted against the Purchase Price, provided that within ninety (90) days after the Closing, Purchaser and Seller will make a further adjustment for such expenses which may have accrued or been incurred prior to the
Closing Date, but which were not paid as of the Closing Date. In addition, within ninety (90) days after the close of the fiscal year used in calculating the pass-through to the tenants of operating expenses and/or common area maintenance costs
under the Leases (where such fiscal 

  
 14 

 
year includes the Closing Date), Seller and Purchaser shall re-prorate on a fair and equitable basis all rents and income prorated pursuant to this Section 3.4 as well as all expenses
prorated pursuant to this Section 3.4. The provisions of this Section 3.4(e) shall survive the Closing. 
 (f) Security Deposits. There are no security deposits held by Seller pursuant to the Leases. 
 (g) Other. Any other item of income and expense that are customarily apportioned between a buyer and seller of real estate in Houston, Texas shall be prorated between Purchaser and Seller at
Closing. 
 ARTICLE 4. 
 REPRESENTATIONS, WARRANTIES AND OTHER AGREEMENTS 
 4.1
Representations and Warranties of Seller. Seller hereby makes the following representations and warranties to Purchaser: 
 (a) Organization, Authorization and Consents. Seller has the right, power and authority to enter into this Agreement and to sell the Property in accordance with the terms and provisions of this
Agreement, to engage in the transaction contemplated in this Agreement, and to perform and observe all of the terms and provisions hereof, and Seller is a duly organized and validly existing limited liability company under the laws of the State of
Delaware, qualified to do business in the state where the Property is located. 
 (b) Action of Seller, Etc. Seller has
taken all necessary action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by Seller on or prior to the Closing, this Agreement and such document shall
constitute the valid and binding obligation and agreement of Seller, enforceable against Seller in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general
application affecting the rights and remedies of creditors. 
 (c) No Violations of Agreements. Neither the execution,
delivery or performance of this Agreement by Seller, nor compliance with the terms and provisions hereof, will result in any breach of the terms, conditions or provisions of, or conflict with or constitute a default under, or result in the creation
of any lien, charge or encumbrance upon the Property or any portion thereof pursuant to the terms of any indenture, deed to secure debt, mortgage, deed of trust, note, evidence of indebtedness or any other agreement or instrument by which Seller is
bound. 
 (d) Litigation. Except as disclosed on EXHIBIT “F” attached hereto, to
Seller’s knowledge there is no pending or threatened suit, action or proceeding, which (i) if determined adversely to Seller, materially and adversely affects the use or value of the Property, or (ii) questions the validity of this
Agreement or any action taken or to be taken pursuant hereto, or (iii) involves condemnation or eminent domain proceedings involving the Property or any portion thereof. 

  
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 (e) Existing Leases and License Agreements. Other than the Leases and License
Agreements listed on EXHIBIT “E” attached hereto, Seller has not entered into any contract or agreement with respect to the occupancy of the Property or any portion or portions thereof which will be binding on
Purchaser or the Property after the Closing. The copies of the Leases and License Agreements heretofore delivered or made available by Seller to Purchaser are true, correct and complete copy thereof, and the Leases and License Agreements have not
been amended, modified or extended except as evidenced by amendments similarly delivered and listed on EXHIBIT “E” attached hereto and constitutes the entire agreement between Seller and the tenant thereunder. Except
as set forth in EXHIBIT “F” attached hereto, Seller has not given or received any written notice of any party’s default or failure to comply with the terms and provisions of the Leases or License Agreements which
remains uncured, and to Seller’s knowledge, no such default or failure exists. 
 (f) Leasing Commissions. Except as
disclosed in EXHIBIT “C” attached hereto (the “Commission Agreement”), which Commission Agreement Seller shall terminate at or before Closing, Seller is not a party to any lease brokerage agreements,
leasing commission agreements or other agreements providing for payments of any amounts for leasing activities or procuring tenants with respect to the Property or any portion or portions thereof, and all leasing commissions and brokerage fees
accrued or due and payable under the Commission Agreement with respect to the Property as of the date hereof and at the Closing have been paid in full. Notwithstanding anything to the contrary contained herein, Purchaser shall be responsible for the
payment of all leasing commissions payable for the renewal, expansion or extension of the Leases existing as of the Effective Date and exercised or effected after the Effective Date. 

(g) Management Agreement. Except for that certain management agreement more particularly described on EXHIBIT
“G” attached hereto and made a part hereof (the “Management Agreement”), there is no agreement currently in effect relating to the management of the Property; and Seller shall cause such Management Agreement to be
terminated as of the Closing Date. 
 (h) Taxes and Assessments. There are no actions pending by Seller protesting the
real property tax assessments against the Property. 
 (i) Compliance with Laws. To Seller’s knowledge, and except
as set forth on EXHIBIT “F”, Seller has received no written notice alleging any violations of law (including any Environmental Law), municipal or county ordinances, or other legal requirements with respect to the
Property where such violations remain outstanding. 
 (j) Other Agreements. To Seller’s knowledge, except for the
Leases, the Service Contracts, and the Permitted Exceptions, there are no leases, management agreements, brokerage agreements, leasing agreements or other agreements or instruments in force or effect that grant to any person or any entity (other
than Seller) any right, title, interest or benefit in and to all or any part of the Property or any rights relating to the use, operation, management, maintenance or repair of all or any part of the Property which will survive the Closing or be
binding upon Purchaser other than those which Purchaser has agreed in writing to assume prior to the expiration of the Inspection Period (or is deemed to have agreed to assume). 

  
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 (k) Seller Not a Foreign Person. Seller is not a “foreign person” which
would subject Purchaser to the withholding tax provisions of Section 1445 of the Internal Revenue Code of 1986, as amended. 
 (l) Environmental. To Seller’s knowledge, or except as may be set forth in the Existing Environmental Report or other written Due Diligence Material, (i) no Hazardous Substances are
present on the Property, other than such Hazardous Substances and in such amounts as are commonly used, stored and disposed of in the operation, repair and maintenance of an office building, or as may be used, stored and disposed of by the tenants
under the Leases in the conduct of their businesses at the Property; (ii) Seller has not used and has no knowledge that any other person has used the Property for the generation, recycling, use, reuse, sale, storage, handling, transportation
and/or disposal of any Hazardous Substances on the Property (except for such Hazardous Substances and in such amounts as are commonly used, stored and disposed of in the operation, maintenance and repair of an office building, or as may be used,
stored and disposed of by the tenants under the Leases in the conduct of their businesses at the Property); and (iii) Seller has not received any written notification from any governmental authority as to any violations of or failure to comply
with any Environmental Law with respect to the Property. 
 (m) No Bankruptcy. Seller has not made a general assignment
for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by Seller’s creditors, suffered the appointment of a receiver to take possession of any of Seller’s assets, suffered
the attachment or other judicial seizure of any of Seller’s assets, admitted in writing its inability to pay its debts as they come due or made an offer of settlement, extension or composition to its creditors generally. 

(n) OFAC. (i) Neither Seller, nor to Seller’s knowledge, any of Seller’s partners, officers, directors or
employees, is named as a “Specially Designated National and Blocked Person” as designated by the United States Department of the Treasury’s Office of Foreign Assets Control or as a person, group, entity or nation designated in
Presidential Executive Order 13224 as a person who commits, threatens to commit, or supports terrorism; (ii) to Seller’s knowledge, Seller is not owned or controlled, directly or indirectly by the government of any country that is subject
to a United States Embargo; (iii) to Seller’s knowledge, Seller is not acting, directly or indirectly, for or on behalf of any person, group, entity or nation named by the United States Treasury Department as a “Specially Designated
National and Blocked Person”, or for or on behalf of any person, group, entity or nation designated in Presidential Executive Order 13224 as a person who commits, threatens to commit, or supports terrorism; and (iv) to Seller’s
knowledge, Seller is not engaged in the transaction contemplated hereby directly or indirectly on behalf of, or facilitating the transaction contemplated hereby directly or indirectly on behalf of, any such person, group, entity or nation.

 The representations and warranties made in this Agreement by Seller shall be continuing and shall be deemed made as of the
date hereof and remade by Seller as of the Closing Date in all material respects, with the same force and effect as if made on, and as of, such date, subject to Seller’s right to update such representations and warranties by written notice to
Purchaser and in the certificate of Seller to be delivered pursuant to Section 3.1(g) hereof. 

  
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 Except as otherwise expressly provided in this Agreement or in any documents to be executed
and delivered by Seller to Purchaser at the Closing, Seller has not made, and Purchaser has not relied on, any information, promise, representation or warranty, express or implied, regarding the Property, whether made by Seller, on behalf of Seller,
or otherwise, including, without limitation, the physical condition of the Property, the financial condition of the tenants under the Leases, title to or the boundaries of the Property, pest control matters, soil conditions, the presence, existence
or absence of hazardous wastes, toxic substances or other environmental matters, compliance with building, health, safety, land use and zoning laws, regulations and orders, structural and other engineering characteristics, traffic patterns, market
data, economic conditions or projections, past or future economic performance of the tenant or the Property, and any other information pertaining to the Property or the market and physical environments in which the Property is located. Purchaser
acknowledges (i) that Purchaser has entered into this Agreement with the intention of making and relying upon its own investigation or that of Purchaser’s own consultants and representatives with respect to the physical, environmental,
economic and legal condition of the Property and (ii) that Purchaser is not relying upon any statements, representations or warranties of any kind, other than those specifically set forth in this Agreement or in any document to be executed and
delivered by Seller to Purchaser at the Closing, made (or purported to be made) by Seller or anyone acting or claiming to act on behalf of Seller, Purchaser will inspect the Property and become fully familiar with the physical condition thereof and,
subject to the terms and conditions of this Agreement, shall purchase the Property in its “as is, where is” condition, “with all faults,” on the Closing Date. The provisions of this Section 4.1 shall survive the
Closing for the period of time set forth at Section 9.4 hereof. 
 4.2 Knowledge Defined. All
references in this Agreement to the “knowledge of Seller” or “to Seller’s knowledge” shall refer only to the actual knowledge of Karen N. Purdy, who has been actively involved in the management of Seller’s business in
respect of the Property in the capacity as Director, Capital Markets for Seller, Joseph H. Pangburn, Senior Vice President-Asset Management for Seller. The term “knowledge of Seller” or “to Seller’s knowledge” shall not be
construed, by imputation or otherwise, to refer to the knowledge of Seller, or any affiliate of Seller, or to any other partner, beneficial owner, officer, director, agent, manager, representative or employee of Seller, or any of their respective
affiliates, or to impose on the individual named above any duty to investigate the matter to which such actual knowledge, or the absence thereof, pertains. There shall be no personal liability on the part of the individual named above arising out of
any representations or warranties made herein or otherwise. 
 4.3. Representations and Warranties of Purchaser.

 (a) Organization, Authorization and Consents. Purchaser is a duly organized and validly existing corporation under the
laws of the State of California. Purchaser has the right, power and authority to enter into this Agreement and to purchase the Property in accordance with the terms and conditions of this Agreement, to engage in the transactions contemplated in this
Agreement and to perform and observe the terms and provisions hereof. 
 (b) Action of Purchaser, Etc. Purchaser has
taken all necessary action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by Purchaser on or prior to the Closing, this Agreement and

  
 18 

 
such document shall constitute the valid and binding obligation and agreement of Purchaser, enforceable against Purchaser in accordance with its terms, except as enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium or similar laws of general application affecting the rights and remedies of creditors. 
 (c) No Violations of Agreements. Neither the execution, delivery or performance of this Agreement by Purchaser, nor compliance with the terms and provisions hereof, will result in any breach of the
terms, conditions or provisions of, or conflict with or constitute a default under the terms of any indenture, deed to secure debt, mortgage, deed of trust, note, evidence of indebtedness or any other agreement or instrument by which Purchaser is
bound. 
 (d) Litigation. To Purchaser’s knowledge, Purchaser has received no written notice that any action or
proceeding is pending or threatened, which questions the validity of this Agreement or any action taken or to be taken pursuant hereto. 
 (e) No Bankruptcy. Purchaser has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by
Purchaser’s creditors, suffered the appointment of a receiver to take possession of any of Purchaser’s assets, suffered the attachment or other judicial seizure of any of Purchaser’s assets, admitted in writing its inability to pay
its debts as they come due or made an offer of settlement, extension or composition to its creditors generally. 
 (f)
OFAC. (i) Neither Purchaser, nor to Purchaser’s knowledge, any of Purchaser’s owners, or any officers, directors or employees, is named as a “Specially Designated National and Blocked Person” as designated by the
United States Department of the Treasury’s Office of Foreign Assets Control or as a person, group, entity or nation designated in Presidential Executive Order 13224 as a person who commits, threatens to commit, or supports terrorism;
(ii) to Purchaser’s knowledge, Purchaser is not owned or controlled, directly or indirectly, by the government of any country that is subject to a United States Embargo; (iii) to Purchaser’s knowledge, Purchaser is not acting,
directly or indirectly, for or on behalf of any person, group, entity or nation named by the United States Treasury Department as a “Specially Designated National and Blocked Person”, or for or on behalf of any person, group, entity or
nation designated in Presidential Executive Order 13224 as a person who commits, threatens to commit, or supports terrorism; and (iv) to Purchaser’s knowledge, Purchaser is not engaged in the transaction contemplated hereby directly or
indirectly on behalf of, or facilitating the transaction contemplated hereby directly or indirectly on behalf of, any such person, group, entity or nation. 
 The representations and warranties made in this Agreement by Purchaser shall be continuing and shall be deemed remade by Purchaser as of the Closing Date, with the same force and effect as if made on, and
as of, such date subject to Purchaser’s right to update such representations and warranties by written notice to Seller and in Purchaser’s certificate to be delivered pursuant to Section 3.2(c) hereof. The provisions of
this paragraph shall survive the Closing for the period set forth at Section 9.4 hereof. 
 4.4.
Joinder. Piedmont Operating Partnership, LP, a Delaware limited partnership and sole member of Seller, has joined in the execution of this Agreement for the sole purpose of evidencing its agreement to be bound, jointly and severally with
Seller, by the provisions of Sections 3.4, 4.1 and 10.2, subject to the limitations set forth in Article 9 of this Agreement. 

  
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 ARTICLE 5. 
 COVENANTS 
 5.1. Covenants and Agreements of Seller.

 (a) Leasing Arrangements. During the pendency of this Agreement Seller will not modify or amend in any respect, the
existing Leases without Purchaser’s prior written consent in each instance, which consent shall not be unreasonably withheld, delayed or conditioned. Such approval shall be deemed given unless withheld by written notice to Seller given within
three (3) Business Days after Purchaser’s receipt of Seller’s written request therefor. Each request for approval from Seller shall be accompanied by a copy of any proposed modification or amendment of the existing Leases that Seller
wishes to execute between the expiration of the Inspection Period and the Closing Date, including, without limitation, a description of any Tenant Inducement Costs and leasing commissions associated with any proposed renewal or expansion of the
existing Leases, as well as any additional information regarding such proposed transaction as Purchaser may reasonably request. 

In addition, at Closing, Purchaser shall reimburse Seller for any Tenant Inducement Costs or leasing commissions actually incurred by
Seller pursuant to a renewal or expansion of the existing Leases after the expiration of the Inspection Period approved (or deemed approved) by Purchaser hereunder, and Purchaser shall assume any such new lease and shall assume the obligations of
Seller thereunder, including the obligation to pay any Tenant Inducement Costs and leasing commissions. 
 (b) New
Contracts. During the pendency of this Agreement, Seller will not enter into any contract, or modify, amend, renew or extend any existing contract, that will be an obligation affecting the Property or any part thereof subsequent to the Closing
without Purchaser’s prior written consent in each instance (which Purchaser agrees not to withhold or delay unreasonably), except contracts entered into in the ordinary course of business that are terminable by Seller without cause (and without
penalty or premium) prior to the Closing. 
 (c) Operation of Property. During the pendency of this Agreement, Seller
shall continue to operate and maintain (consistent with Seller’s obligations under the Leases, if any) the Property in a good and businesslike fashion consistent with Seller’s past practices and shall comply with its obligations and
enforce its rights under the Leases. 
 (d) Insurance. During the pendency of this Agreement, Seller shall, at
Seller’s expense, continue to maintain the insurance policies covering the Improvements as required by the terms of the Leases, if any. 
 (e) Tenant Estoppel Certificates/License Estoppel Certificates/Association Estoppel. Seller shall use commercially reasonable efforts (but without obligation to incur any cost or expense) to obtain
and deliver to Purchaser, prior to Closing, the Tenant Estoppel Certificates set forth at Schedule 7 (“Tenant Estoppel Certificates”) from the tenants under the Leases and the

  
 20 

 
Association Estoppel, and estoppels from the licensees under the License Agreements in the forms attached hereto at Schedule 7 (“License Estoppel Certificates”), provided,
however, that only delivery of the Tenant Estoppel Certificate from the tenant under the Schlumberger Lease, and the Association Estoppel, shall be conditions of Closing as set forth in Section 6.1(c) hereof; and in no event shall
the inability or failure of Seller to obtain and deliver any Tenant Estoppel Certificates (Seller having used its commercially reasonable efforts as set forth above as to the tenants under the Leases) be a default of Seller hereunder. Purchaser
shall cooperate with Seller in its efforts to obtain the Tenant Estoppel Certificates, including, if required by the Leases, signing a written request to the tenants for a Tenant Estoppel Certificates. 

(f) No Settlement of Tax Contests. Seller shall not withdraw, settle or compromise any tax protest or reduction proceedings on the
Property without Purchaser’s consent (not to be unreasonably withheld, conditioned or delayed) if such proceedings relate to taxes payable on or after Closing. 
 ARTICLE 6. 
 CONDITIONS TO CLOSING 

6.1 Conditions Precedent to Purchaser’s Obligations. The obligations of Purchaser hereunder to consummate the
transaction contemplated by this Agreement shall in all respects be conditioned upon the satisfaction of each of the following conditions prior to or simultaneously with the Closing (or at such earlier time as may be provided below), any of which
may be waived by Purchaser in its sole discretion at or prior to the Closing Date: 
 (a) Seller shall have performed, in all
material respects, all covenants, agreements and undertakings of Seller contained in this Agreement; 
 (b) All representations
and warranties of Seller as set forth in this Agreement shall be true and correct in all material respects as of the date of this Agreement and as of Closing, (subject to being updated as provided in Section 3.1(f) hereof);

 (c) A Tenant Estoppel Certificate from the tenant under the Schlumberger Lease shall have been delivered to Purchaser, which
such estoppel certificate (i) shall be in the form attached at Exhibit F to the Schlumberger Lease referenced at Schedule 7, without any material modifications or material qualifications adverse to Purchaser, (ii) shall include an
acknowledgement by such tenant that it has waived its right of first offer to purchase the Property set forth in the Schlumberger Lease and that such right of first offer is of no further force or effect, and (iii) shall be dated within thirty
(30) days prior to the Closing Date; 
 (d) The Title Company shall at Closing have delivered or irrevocably committed
itself in writing to deliver to Purchaser an ALTA Form owner’s title insurance policy in the amount of the Purchase Price insuring Purchaser as owner of the Property, subject only to the Permitted Exceptions, and with extended coverage over the
standard general exceptions (the “Title Policy”). Purchaser may request that the Title Company provide such endorsements to Purchaser’s Title Policy as Purchaser may require; provided, however, Purchaser acknowledges and agrees that
(a) such endorsements shall be at no cost to, and shall impose no additional liability on, Seller, (b) Purchaser’s obligations under this Agreement shall not be conditioned 

  
 21 

 
upon Purchaser’s ability to obtain such endorsements and, if Purchaser is unable to obtain such endorsements, Purchaser shall nevertheless be obligated to proceed to Closing without
reduction of or set off against the Purchase Price, and (c) the Closing shall not be delayed as a result of Purchaser’s request for endorsements; and 
 (e) The execution and delivery of the SNDA by the tenant under the Schlumberger Lease, generally in the form attached hereto at Schedule 10, with such modifications as are acceptable to said tenant
and otherwise in compliance with the requirements of the Schlumberger Lease (the “SNDA”). 
 In the event any condition in
clause (a), (b), (c) or (d) of this Section 6.1 has not been satisfied (or otherwise waived by Purchaser) prior to or on the Closing Date (as the same may be extended or postponed as provided in this Agreement), and the same
does not constitute a default by the Seller hereunder (in which event the provisions of Section 8.2 shall apply), Purchaser shall have the right, in its sole discretion, to terminate this Agreement by written notice to Seller given prior
to the Closing, whereupon (i) Escrow Agent shall return the Earnest Money to Purchaser; and (ii) except for those provisions of this Agreement which by their express terms survive the termination of this Agreement, no party hereto shall
have any other or further rights or obligations under this Agreement. 
 6.2 Conditions Precedent to Seller’s
Obligations. The obligations of Seller hereunder to consummate the transactions contemplated hereunder shall in all respects be conditioned upon the satisfaction of each of the following conditions prior to or simultaneously with the Closing
(or at such earlier time as may be provided below), any of which may be waived by Seller in Seller’s sole discretion by written notice to Purchaser at or prior to the Closing Date: 

(a) Purchaser shall have paid and Seller shall have received the Purchase Price, as adjusted pursuant to the terms and conditions of this
Agreement, which Purchase Price shall be payable in the amount and in the manner provided for in this Agreement; 
 (b)
Purchaser shall have performed, in all material respects, all covenants, agreements and undertakings of Purchaser contained in this Agreement; and 
 (c) All representations and warranties of Purchaser as set forth in this Agreement shall be true and correct in all material respects as of the date of this Agreement and as of Closing, (subject to being
updated as provided in Section 3.2(c) hereof). 
 ARTICLE 7. 

RISK OF LOSS 
 7.1 Casualty. Risk of loss up to the Closing Date shall be borne by Seller. However, in the event of any immaterial damage or destruction to the Property or any portion thereof, Seller and
Purchaser shall proceed to close under this Agreement, and Purchaser will receive (and Seller will assign to Purchaser at the Closing Seller’s rights under insurance policies to receive) any insurance proceeds (including any rent loss insurance
applicable to any period on and after the Closing Date) due Seller as a result of such damage or destruction (less any amounts reasonably expended for restoration or collection of proceeds) and assume

  
 22 

 
responsibility for such repair, and Purchaser shall receive a credit at Closing for any deductible amount under said insurance policies. For purposes of this Agreement, the term
“immaterial damage or destruction” shall mean such instances of damage or destruction of the Property which (a) can be repaired or restored at or below a cost of $1,000,000 to repair or restore, or (b) would not entitle
the tenant under the Schlumberger Lease to terminate its Lease or abate or reduce rent unless business loss or rent insurance (subject to applicable deductibles to be credited to Purchaser) shall be available for the full amount of such abatement or
reduction. 
 In the event of any material damage or destruction to the Property or any portion thereof, Purchaser may, at its
option, by written notice to Seller given within the earlier of twenty (20) days after Purchaser is notified by Seller of such damage or destruction, or the Closing Date, but in no event less than ten (10) days after Purchaser is notified
by Seller of such damage or destruction (and if necessary the Closing Date shall be extended to give Purchaser the full 10-day period to make such election): (i) terminate this Agreement, whereupon Escrow Agent shall immediately return the
Earnest Money to Purchaser, or (ii) proceed to close under this Agreement, receive (and Seller will assign to Purchaser at the Closing the rights of Seller under insurance policies to receive) any insurance proceeds (including any rent loss
insurance applicable to the period on or after the Closing Date) due Seller as a result of such damage or destruction (less any amounts reasonably expended for restoration), and assume responsibility for such repair, and Purchaser shall receive a
credit at Closing for any deductible amount under said insurance policies. If Purchaser fails to deliver to Seller notice of its election within the period set forth above, Purchaser will conclusively be deemed to have elected to proceed with the
Closing as provided in clause (ii) of the preceding sentence. If Purchaser elects clause (ii) above, Seller will cooperate with Purchaser after the Closing to assist Purchaser in obtaining the insurance proceeds from the insurers of
Seller. For purposes of this Agreement “material damage or destruction” shall mean all instances of damage or destruction that are not immaterial, as defined herein. The terms of this Section 7.1 shall survive Closing.

 7.2 Condemnation. If, prior to the Closing Date, all or any part of the Property is subjected to a bona fide
threat of condemnation by a body having the power of eminent domain or is taken by eminent domain or condemnation (or sale in lieu thereof), or if Seller has received notice that any condemnation action or proceeding with respect to the Property is
contemplated by a body having the power of eminent domain (collectively, a “Taking”), Seller shall give Purchaser immediate written notice of such Taking. In the event of any immaterial Taking with respect to the Property or any
portion thereof, Seller and Purchaser shall proceed to close under this Agreement. For purposes of this Agreement, the term “immaterial Taking” shall mean such instances of Taking of the Property: (i) which do not result in a
decrease below the amount required by law or under the Leases in the number of parking spaces at the Property (taking into account the number of additional parking spaces that can be provided within 120 days of such Taking); (ii) which do not
affect ingress or egress to or from the Property; and (iii) which are not so extensive as to allow any tenant under the Leases to terminate its Lease or abate or reduce rent payable thereunder unless business loss or rent insurance (subject to
applicable deductibles, which shall be credited to Purchaser) or condemnation award proceeds shall be available in the full amount of such abatement or reduction, and Purchaser shall receive a credit at Closing for such deductible amount on account
of such Taking. 

  
 23 

 In the event of any material Taking of the Property or any portion thereof, Purchaser may,
at its option, by written notice to Seller given within thirty (30) days after receipt of such notice from Seller, elect to terminate this Agreement, or Purchaser may choose to proceed to close. If Purchaser chooses to terminate this Agreement
in accordance with this Section 7.2, then the Earnest Money shall be returned immediately to Purchaser by Escrow Agent and the rights, duties, obligations, and liabilities of the parties hereunder shall immediately terminate and be of no
further force and effect, except for those provisions of this Agreement which by their express terms survive the termination of this Agreement. For purposes of this Agreement “material Taking” shall mean all instances of a Taking
that are not immaterial, as defined herein. 
 If Purchaser does not elect to, or has no right to, terminate this Agreement in
accordance herewith on account of a Taking, this Agreement shall remain in full force and effect and the sale of the Property contemplated by this Agreement, less any interest taken by eminent domain or condemnation, or sale in lieu thereof, shall
be effected with no further adjustment and without reduction of the Purchase Price, and at the Closing, Seller shall assign, transfer, and set over to Purchaser all of the right, title, and interest of Seller in and to any awards applicable to the
Property that have been or that may thereafter be made for such taking. At such time as all or a part of the Property is subjected to a bona fide threat of condemnation and Purchaser shall not have elected to terminate this Agreement as provided in
this Section 7.2, and provided that the Inspection Period has expired, (i) Purchaser shall thereafter be permitted to participate in the proceedings as if Purchaser were a party to the action, and (ii) Seller shall not settle
or agree to any award or payment pursuant to condemnation, eminent domain, or sale in lieu thereof without obtaining Purchaser’s prior written consent thereto in each case. The terms of this Section 7.2 shall survive Closing.

 ARTICLE 8. 
 DEFAULT AND REMEDIES 
 8.1 Purchaser’s Default. If
Purchaser fails to consummate this transaction for any reason other than the default of Seller, failure of a condition to Purchaser’s obligation to close, or the exercise by Purchaser of an express right of termination granted herein, Seller
shall be entitled, as its sole remedy hereunder, to terminate this Agreement and to receive and retain the Earnest Money as full liquidated damages for such default of Purchaser, the parties hereto acknowledging that it is impossible to estimate
more precisely the damages which might be suffered by Seller upon Purchaser’s default, and that said Earnest Money is a reasonable estimate of the probable loss of Seller in the event of default by Purchaser. The retention by Seller of said
Earnest Money is intended not as a penalty, but as full liquidated damages. The right to retain the Earnest Money as full liquidated damages is the sole and exclusive remedy of Seller in the event of default hereunder by Purchaser, and Seller hereby
waives and releases any right to (and hereby covenant that it shall not) sue the Purchaser: (a) for specific performance of this Agreement, or (b) to recover actual damages in excess of the Earnest Money. The foregoing liquidated damages
provision shall not apply to or limit Purchaser’s liability for Purchaser’s obligations under Sections 2.1(b), 2.1(c), 2.7 and 9.2 of this Agreement or for Purchaser’s obligation to pay
to Seller all attorney’s fees and costs of Seller to enforce the provisions of this Section 8.1. Purchaser hereby waives and releases any right to (and hereby covenants that it shall not) sue Seller or seek or claim a refund of said
Earnest Money (or any part thereof) on the grounds it is unreasonable in amount and exceeds the actual damages of Seller or that its retention by Seller constitutes a penalty and not agreed upon and reasonable liquidated damages. 

  
 24 

 8.2 Seller’s Default. If Seller fails to perform any of its obligations
under this Agreement for any reason other than Purchaser’s default, failure of a condition to Seller’s obligation to close, or the permitted termination of this Agreement by Seller or Purchaser as expressly provided herein, Purchaser shall
be entitled, as its sole remedy, either (a) to receive the return of the Earnest Money from Escrow Agent, and Seller shall reimburse Purchaser for Purchaser’s actual, out-of-pocket costs and expenses (including reasonable attorneys’
fees) incurred in connection with the transaction contemplated by this Agreement, up to a maximum amount of $50,000, as reasonably demonstrated to Seller (e.g., with copies of invoices, paid receipts, etc.) (such amount, the “Diligence
Reimbursement”), which return and reimbursement shall operate to terminate this Agreement and release Seller from any and all liability hereunder, or (b) to enforce specific performance of the obligation of Seller to execute and
deliver the documents required to convey the Property to Purchaser in accordance with this Agreement; it being specifically understood and agreed that the remedy of specific performance shall not be available to enforce any other obligation of
Seller hereunder. Except as set forth in the next sentence of this Section 8.2, Purchaser expressly waives its rights to seek damages in the event of the default of Seller hereunder. In the event Seller deliberately or willfully refuses or
fails to consummate Closing in violation of the terms of this Agreement, by selling the Property to a third party rather than to Purchaser, and as a result thereof specific performance is not an available remedy to Purchaser, then in addition to the
remedies provided in this Section 8.2, Purchaser may bring an action against Seller for Purchaser’s actual damages incurred (but not consequential or punitive damages) as the result of Seller conveying the Property to such third
party; provided, however, Purchaser’s damages (as proven in such action) shall not exceed the difference in the Purchase Price set forth herein and the purchase price received by Seller in a sale of the Property to a third party. Purchaser
shall be deemed to have elected to terminate this Agreement and to receive a return of the Earnest Money from Escrow Agent if Purchaser fails to file suit for specific performance against Seller in a court having jurisdiction, on or before sixty
(60) days following the date upon which the Closing was to have occurred. The limitations in this section do not apply to Seller’s indemnity obligations at Section 9.1 hereof. 

ARTICLE 9. 

INDEMNIFICATION 
 9.1 Indemnification by Seller. Following the Closing and subject to Sections 9.3 and 9.4, Seller shall indemnify and hold Purchaser, its affiliates, members and partners, and
the partners, shareholders, officers, directors, employees, representatives and agents of each of the foregoing (collectively, “Purchaser-Related Entities”) harmless from and against any and all costs, fees, expenses, damages,
deficiencies, interest and penalties (including, without limitation, reasonable attorneys’ fees and disbursements) suffered or incurred by any such indemnified party in connection with any and all losses, liabilities, claims, damages and
expenses (“Losses”), arising out of, or in any way relating to, (a) any breach of any representation or warranty of Seller contained in this Agreement, or in any certificate, instrument or other document delivered pursuant to
this Agreement (each, a “Closing Document”, and (b) any breach of any covenant of Seller contained in this Agreement which survives the Closing or in any Closing Document. 

  
 25 

 9.2 Indemnification by Purchaser. Subject to Sections 9.3 and
9.4, Purchaser shall indemnify and hold Seller, its affiliates, members and partners, and the partners, shareholders, officers, directors, employees, representatives and agents of each of the foregoing (collectively, “Seller-Related
Entities”) harmless from any and all Losses arising out of, or in any way relating to, (a) any breach of any representation or warranty by Purchaser contained in this Agreement or in any Closing Document, and (b) any breach of any
covenant of Purchaser contained in this Agreement which survives the Closing or in any Closing Documents. 
 9.3
Limitations on Indemnification. Notwithstanding the foregoing provisions of Section 9.1, (a) Seller shall not be required to indemnify Purchaser or any Purchaser-Related Entities under this Agreement unless the aggregate
of all amounts for which an indemnity would otherwise be payable by Seller under Section 9.1 above exceeds $50,000 (the “Basket Limitation”), at which point Seller shall have liability for the total amount for which an
indemnity would be payable by Seller, (b) in no event shall the liability of Seller with respect to the indemnification provided for in Section 9.1 above exceed in the aggregate $1,250,000 (the “Cap Limitation”),
(c) if prior to the Closing, Purchaser obtains knowledge in writing of any inaccuracy or breach of any representation, warranty or covenant of Seller contained in this Agreement (a “Purchaser Waived Breach”) and nonetheless
proceeds with and consummates the Closing, then Purchaser and any Purchaser-Related Entities shall be deemed to have waived and forever renounced any right to assert a claim for indemnification under this Article 9 for, or any other claim or
cause of action under this Agreement, at law or in equity on account of any such Purchaser Waived Breach, and (d) notwithstanding anything herein to the contrary, the provisions of this Section 9.3 shall not apply to, and the Basket
Limitation and the Cap Limitation shall not apply with respect to Losses suffered or incurred as a result of, breaches of any covenant or agreement of Seller set forth in Section 3.3, Section 3.4, or
Section 10.2 of this Agreement. 
 9.4 Survival. The representations, warranties and covenants
contained in this Agreement and the Closing Documents shall survive for 180 days after the Closing Date, unless a longer or shorter survival period is expressly provided for in this Agreement, and provided that prior to the date that is 180 days
after the Closing Date, Purchaser or Seller, as the case may be, delivers written notice to the other party of such alleged breach specifying with reasonable detail the nature of such alleged breach and files an action with respect thereto within
thirty (30) days after the giving of such notice. 
 9.5 Indemnification as Sole Remedy. If the Closing has
occurred, the sole and exclusive remedy available to a party in the event of a breach by the other party to this Agreement of any representation, warranty, or covenant or other provision of this Agreement or any Closing Document which survives the
Closing shall be the indemnifications provided for under Section 2.1(c), Section 10.2, and this Article 9. 
 ARTICLE 10. 
 MISCELLANEOUS 

10.1 Assignment. This Agreement may not be assigned by either party without the written consent of the other, except that
this Agreement and all of Purchaser’s rights hereunder 

  
 26 

 
may be transferred and assigned, without Seller’s consent, to any entity wholly-owned by or affiliated with Purchaser on not less than three (3) Business Days’ notice to Seller,
and provided further that despite any such assignment, the Tenant Estoppel Certificates shall not be required to be updated to reflect the name of such assignee. Any assignee or transferee under any such assignment or transfer by Purchaser as to
which the written consent of Seller has been given or as to which the consent of Seller is not required hereunder shall expressly assume all of Purchaser’s duties, liabilities and obligations under this Agreement (whether arising or accruing
prior to or after the assignment or transfer) by written instrument delivered to Seller as a condition to the effectiveness of such assignment or transfer. No assignment or transfer shall relieve the original Purchaser of any duties or obligations
hereunder, and the written assignment and assumption agreement shall expressly so provide. Subject to the foregoing, this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective legal
representatives, successors and permitted assigns. This Agreement is not intended and shall not be construed to create any rights in or to be enforceable in any part by any other persons. 

10.2 Brokerage Commissions. Upon the Closing, and only in the event the Closing occurs, Seller shall pay a brokerage
commission to Holiday, Fenoglio, Fowler, L.P. (“Broker”), pursuant to a separate agreement between Seller and Broker. Broker is representing Seller in this transaction. Seller shall and does hereby indemnify and hold Purchaser
harmless from and against any and all liability, loss, cost, damage, and expense, including reasonable attorneys’ fees actually incurred and costs of litigation, Purchaser shall ever suffer or incur because of any claim by any agent, salesman,
or broker, whether or not meritorious, for any fee, commission or other compensation with regard to this Agreement or the sale and purchase of the Property contemplated hereby, and arising out of any acts or agreements of Seller, including any claim
asserted by Broker. Likewise, Purchaser shall and does hereby indemnify and hold Seller free and harmless from and against any and all liability, loss, cost, damage, and expense, including reasonable attorneys’ fees actually incurred and costs
of litigation, Seller shall ever suffer or incur because of any claim by any agent, salesman, or broker (other than Broker), whether or not meritorious, for any fee, commission or other compensation with respect to this Agreement or the sale and
purchase of the Property contemplated hereby and arising out of the acts or agreements of Purchaser. This Section 10.2 shall survive the Closing until the expiration of any applicable statute of limitations and shall survive any earlier
termination of this Agreement. 

  
 27 

 10.3 Notices. Wherever any notice or other communication is required or
permitted hereunder, such notice or other communication shall be in writing and shall be delivered by overnight courier, hand, facsimile or other electronic transmission, or sent by U.S. registered or certified mail, return receipt requested,
postage prepaid, to the addresses or facsimile numbers set out below or at such other addresses as are specified by written notice delivered in accordance herewith: 
  

			
	PURCHASER:	  	
		  	Griffin Capital Corporation
		  	2121 Rosecrans Avenue—Suite 3321
		  	El Segundo, CA 90245
		  	Attention: Michael Escalante
		  	Facsimile: 310.606.5910
		  	Email: mescalante@griffincapital.com
		
	with a copy to:	  	
		  	Griffin Capital Corporation
		  	790 Estate Drive—Suite 180
		  	Chicago, IL 60015
		
		  	Attention: Mary Higgins
		  	Facsimile: 847.267.1237
		  	Email: mhiggins@griffincapital.com
		
	SELLER:	  	1200 Enclave Parkway, LLC
		  	c/o Piedmont Office Realty Trust, Inc.
		  	11695 Johns Creek Parkway—Suite 350
		  	Johns Creek, GA 30097-1523
		  	Attention: Karen N. Purdy
		  	Facsimile: 770.418.8734
		  	Email: karen.purdy@piedmontreit.com
		
	with a copy to:	  	1200 Enclave Parkway, LLC
		  	c/o Piedmont Office Realty Trust, Inc.
		  	11695 Johns Creek Parkway—Suite 350
		  	Johns Creek, GA 30097-1523
		  	Attention: Thomas A. McKean, Esq.
		  	Facsimile: 770.418.8711
		  	Email: tom.mckean@piedmontreit.com
		  	

 Any notice or other communication (i) mailed as hereinabove provided shall be deemed
effectively given or received on the third
(3rd) Business Day following the postmark date of
such notice or other communication, (ii) sent by overnight courier or by hand shall be deemed effectively given or received upon receipt, and (iii) sent by facsimile or other electronic transmission shall be deemed effectively given or
received on the day of such electronic transmission of such notice or other communication and confirmation of such transmission if transmitted and confirmed prior to 5:00 p.m. Eastern Standard Time on a Business Day and otherwise shall be deemed
effectively given or received on the first Business Day after the day of transmission of such notice and confirmation of such transmission. Refusal to accept delivery shall be deemed delivered. Any notices given by the attorneys for the parties
shall be deemed effective as if given by such party. 

  
 28 

 10.4 Possession. Full and exclusive possession of the Property, subject to the
Permitted Exceptions and the rights of the tenants under the Leases, shall be delivered by Seller to Purchaser on the Closing Date. 
 10.5 Time Periods. If the time period by which any right, option, or election provided under this Agreement must be exercised, or by which any act required hereunder must be performed, or by
which the Closing must be held, expires on a Saturday, Sunday, or holiday, then such time period shall be automatically extended through the close of business on the next regularly scheduled Business Day. 

10.6 Publicity. Except for disclosures required by law or governmental regulations applicable to such party, and except
that Seller may issue a press release announcing the upcoming sale of the Property upon expiration of the Inspection Period provided such press release does not name Purchaser or disclose the terms and conditions of this Agreement, the parties agree
that prior to Closing no party shall, with respect to this Agreement and the transactions contemplated hereby, contact or conduct negotiations with public officials, make any public announcements or issue press releases regarding this Agreement or
the transactions contemplated hereby to any third party without the prior written consent of the other party hereto. 
 10.7
Discharge of Obligations. The acceptance by Purchaser of the Deed hereunder shall be deemed to constitute the full performance and discharge of each and every warranty and representation made by Seller and Purchaser herein and every
agreement and obligation on the part of Seller and Purchaser to be performed pursuant to the terms of this Agreement, except those warranties, representations, covenants and agreements which are specifically provided in this Agreement to survive
Closing. 
 10.8 Severability. This Agreement is intended to be performed in accordance with, and only to the
extent permitted by, all applicable laws, ordinances, rules and regulations. If any provision of this Agreement, or the application thereof to any person or circumstance, shall, for any reason and to any extent be invalid or unenforceable, the
remainder of this Agreement and the application of such provision to other persons or circumstances shall not be affected thereby but rather shall be enforced to the greatest extent permitted by law. 

10.9 Construction. This Agreement shall not be construed more strictly against one party than against the other merely by
virtue of the fact that this Agreement may have been prepared by counsel for one of the parties, it being mutually acknowledged and agreed that Seller and Purchaser and their respective counsel have contributed substantially and materially to the
preparation and negotiation of this Agreement. Accordingly, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any
exhibits or amendments hereto. 
 10.10 Sale Notification Letters to Tenants, Licensees and Service Providers.
Promptly following the Closing, Purchaser shall deliver the Tenant/Licensee Notice of Sale to the tenants under the Leases and to the licensees under the License Agreements, and the Other Notices of Sale to each service provider, the obligations
under whose respective Service Contracts Purchaser has assumed at Closing. 

  
 29 

 10.11 General Provisions. No failure of either party to exercise any power
given hereunder or to insist upon strict compliance with any obligation specified herein, and no custom or practice at variance with the terms hereof, shall constitute a waiver of either party’s right to demand exact compliance with the terms
hereof. This Agreement contains the entire agreement of the parties hereto, and no representations, inducements, promises, or agreements, oral or otherwise, between the parties not embodied herein shall be of any force or effect. Any amendment to
this Agreement shall not be binding upon Seller or Purchaser unless such amendment is in writing and executed by Seller and Purchaser. Subject to the provisions of Section 10.1 hereof, the provisions of this Agreement shall inure to the
benefit of and be binding upon the parties hereto and their respective heirs, legal representatives, successors, and permitted assigns. The headings inserted at the beginning of each paragraph are for convenience only, and do not add to or subtract
from the meaning of the contents of each paragraph. This Agreement shall be construed, interpreted and enforced under the laws of the State where the Property is located. Except as otherwise provided herein, all rights, powers, and privileges
conferred hereunder upon the parties shall be cumulative but not restrictive to those given by law. All personal pronouns used in this Agreement, whether used in the masculine, feminine, or neuter gender shall include all genders, and all references
herein to the singular shall include the plural and vice versa. 
 10.12 Attorneys’ Fees. If either party
institutes a legal action against the other relating to this Agreement or any default hereunder, the unsuccessful party to such action will reimburse the successful party for the reasonable expenses of prosecuting or defending such action, including
without limitation reasonable attorneys’ fees and disbursements and court costs. The obligations under this Section 10.12 shall survive the Closing or earlier termination of this Agreement. 

10.13 Counterparts. This Agreement may be executed in one or more counterparts, each of which when taken together shall
constitute one and the same original. To facilitate the execution and delivery of this Agreement, the parties may execute and exchange counterparts of the signature pages by facsimile or electronic mail, and the signature page of either party to any
counterpart may be appended to any other counterpart. 
 10.14 Effective Agreement. The submission of this
Agreement for examination is not intended to nor shall constitute an offer to sell, or a reservation of, or option or proposal of any kind for the purchase of the Property. In no event shall any draft of this Agreement create any obligation or
liability, it being understood that this Agreement shall be effective and binding only when a counterpart of this Agreement has been executed and delivered by each party hereto. 

10.15 Waiver of Jury Trial. To the extent permitted by law, each party hereby waives, irrevocably and unconditionally,
trial by jury in any action brought on, under, or by virtue of or relating in any way to this Agreement or any of the documents executed in connection herewith, the Property, or any claims, defenses, rights of set-off, or other actions pertaining
hereto or to any of the foregoing. 
 10.16 Covenant Not To Record. Purchaser will not record this Agreement or
any memorandum thereof, and any such recording shall constitute a default by Purchaser hereunder. 

  
 30 

 10.17 Time is of the Essence. Time is of the essence with respect to all of
the terms and conditions set forth in this Agreement. 
 10.18 Section 1031 Exchange. Either party may
consummate the purchase or sale (as applicable) of the Property as part of a so-called like kind exchange (an “Exchange”) pursuant to § 1031 of the Internal Revenue Code of 1986, as amended (the “Code”), provided
that: (a) the Closing shall not be delayed or affected by reason of the Exchange nor shall the consummation or accomplishment of an Exchange be a condition precedent or condition subsequent to the exchanging party’s obligations under this
Agreement, (b) the exchanging party shall effect its Exchange through an assignment of this Agreement, or its rights under this Agreement, to a qualified intermediary, (c) neither party shall be required to take an assignment of the
purchase agreement for the relinquished or replacement property or be required to acquire or hold title to any real property for purposes of consummating an Exchange desired by the other party; and (d) the exchanging party shall pay any
additional costs that would not otherwise have been incurred by the non-exchanging party had the exchanging party not consummated the transaction through an Exchange (such payment obligation shall survive Closing or any termination of this
Agreement). Neither party shall by this Agreement or acquiescence to an Exchange desired by the other party have its rights under this Agreement affected or diminished in any manner or be responsible for compliance with or be deemed to have
warranted to the exchanging party that its Exchange in fact complies with § 1031 of the Code. 
 10.19 Audit
Cooperation with S-X 30-14. Seller acknowledges that Purchaser is a publicly owned real estate investment trust. As such, Purchaser is obligated to, among other things, make certain filings with the Securities and Exchange Commission
(“SEC”), including, without limitation, an audit of the Property’s financial records that related to the most recent pre-acquisition fiscal year (the “Audited Year”). To assist Purchaser in preparing the SEC filings, Seller
agrees to provide the assignee, at no cost or expense to Seller and without otherwise increasing Seller’s obligations or liability to Purchaser hereunder, with the following: 

a. access to bank statements for the Audited Year; 
 b. rent roll as of the end of the Audited Year; 
 c. operating statements for the
Audited Year, together with invoices, checks and other backup information relating thereto; 
 d. access to the general ledger
for the Audited Year; 
 e. cash receipts schedule for each month in the Audited Year, to the extent such schedule exists as of
the Effective Date; and 
 f. copies of accounts receivable aging reports as of the ends of the Audited Year. 

In no event shall Seller provide or be obligated to provide to any accounting firm a representation letter or similar letter in
connection with the 3-14 audit described above. 

  
 31 

 10.20 Certain Definitions 

(a) “Business Day” shall mean any day other than a Saturday, Sunday or other day on which banking institutions in the
state where the Property is located are authorized by law or executive action to close. 
 (b) Environmental Law”
shall mean any law, ordinance, rule, regulation, order, judgment, injunction or decree now or hereafter relating to pollution or substances or materials which are considered to be hazardous or toxic, including, without limitation, the federal
Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”), 42 U.S.C. §§9601 et seq., the federal Resource Conservation and Recovery Act (“RCRA”), 42 U.S.C. §§ 6901
et seq., the federal Water Pollution Control Act (“CWA”), 33 U.S.C. §§1251 et seq., the federal Clean Air Act (“CAA”), 42 U.S.C. §§ 7401 et seq., the Toxic Substances
Control Act (“TSCA”), 7 U.S.C. §§ 136 et seq., the Safe Drinking Water Act (“SDWA”), 42 U.S.C. §§ 300f et seq., the Occupation Safety and Health Act of 1970 (the “OSH
Act”), 29 U.S.C. §§ 651 et seq., the Noise Control Act (42 U.S.C. § 4901 et seq.), and any state and local environmental laws, all amendments and supplements to any of the foregoing and all regulations and
publications promulgated or issued pursuant thereto. 
 (c) “Hazardous Substances” shall mean any and all
pollutants, contaminants, toxic or hazardous wastes or any other substances that might pose a hazard to health or safety, the removal of which may be required or the generation, manufacture, refining, production, processing, treatment, storage,
handling, transportation, transfer, use, disposal, release, discharge, spillage, seepage or filtration of which is or shall be restricted, prohibited or penalized under any Environmental Law (including, without limitation, lead paint, asbestos, urea
formaldehyde foam insulation, petroleum and polychlorinated biphenyls). 
 [Signatures begin on following page]

  
 32 

 SIGNATURE PAGE TO 

PURCHASE AND SALE AGREEMENT 
 BY AND BETWEEN 
 1200 ENCLAVE PARKWAY, LLC 

AND GRIFFIN CAPITAL CORPORATION 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day, month and year first above written. 

 

							
	SELLER:
	
	1200 Enclave Parkway, LLC, a Delaware limited liability company
		
	By:	 	 Piedmont Operating Partnership, LP,
 a Delaware limited partnership, its sole member

			
		 	By:	 	 Piedmont Office Realty Trust, Inc., a
 Maryland corporation, its sole general partner

				
		 		 	By:	 	 /s/ Robert E. Bowers

		 		 	Name:	 	 Robert E. Bowers

		 		 	Title:	 	 Executive Vice President

			
	
	PURCHASER:
	
	Griffin Capital Corporation, a California corporation
		
	By:	 	 /s/ Michael J. Escalante

	Name:	 	 Michael J. Escalante

	Title:	 	 Chief Investment Officer

  
 33 

 JOINDER 
 PIEDMONT OPERATING PARTNERSHIP, LP, a Delaware limited partnership, hereby joins in that certain Purchase and Sale Agreement dated as of March     , 2013 (the “Purchase
Agreement”), by and between 1200 Enclave Parkway, LLC (“Seller”), and Griffin Capital Corporation (“Purchaser”), for the sole purpose of being jointly and severally liable with Seller for the obligations of Seller
under Sections 3.4, 4.1 and 10.2 of the Purchase Agreement, subject to the limitations set forth in Article 9 of the Purchase Agreement. 
  

			
	Piedmont Operating Partnership, LP
	
	By: Piedmont Office Realty Trust, Inc., a Maryland corporation, its sole general partner.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
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