Document:

<![CDATA[Fourth Amendment to Purchase & Sale Agreement]]>

 Exhibit 10.5 
 FOURTH AMENDMENT TO 
 PURCHASE AND SALE AGREEMENT

 AMENDMENT TO ESCROW AGREEMENT 

This Fourth Amendment to Purchase and Sale Agreement (this “Amendment”) is made and entered into as
of this 18th day of January, 2013 by and between TNP SRT
WAIANAE MALL, LLC, a Delaware limited liability company (“Seller”) and A & B PROPERTIES, INC., a Hawaii corporation (“Purchaser”) with respect to the real property and improvements located at 86-120 Farrington
Highway, Waianae, Hawaii 96792. 
 Recitals 
 WHEREAS, Seller and Purchaser entered into that certain Purchase and Sale Agreement dated as of October 10, 2012, as amended (the “Agreement”), and 

WHEREAS, Seller and Purchaser seek to further amend the Agreement as set forth below. 

Agreement 

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, Seller and Buyer hereby agree as follows: 
 1. Defined Terms.
All capitalized terms used in this Amendment but not otherwise defined shall have their same meanings as set forth in the Agreement. 
 2. Ratifications. Except as specifically herein amended, all terms, provisions, conditions and exhibits contained in the Agreement are hereby confirmed, ratified and restated and shall remain
unmodified and in full force and effect. 
 3. Purchase Price Reduction/Credit for Long’s Drug Store Tenant Inducements;
Rollover Reserve Deposit. At Closing, if Purchaser has received (i) a letter from Lender approving the amounts set forth below, and (ii) evidence that Seller has paid all leasing commissions due to CBRE, then the Purchase Price shall
be reduced by an amount equal to the tenant improvement allowance, which is currently anticipated to be $300,000. If Purchaser does not receive item (ii) above, then Purchaser shall receive an additional credit equal to the leasing commissions,
currently estimated to be $111,000. Notwithstanding anything to the contrary, the sum of the Purchase Price reduction and credit that Purchaser receives shall not be less than the amount that Lender requires in the letter described as item
(ii) above. 
 4. Foundation Work Credit. At Closing, Purchaser shall receive a credit in an amount equal to 150% of
the greater of (a) all unpaid amounts under that certain Short Form Construction Contract dated August 13, 2012 between Seller and Lindemann Construction, Inc., as amended (“Construction Contract”); or (b) the
remaining cost to complete the work contemplated under the Construction Contract. The Purchase Price credit is currently anticipated to be $292,555.00. Purchaser may deliver to Lender all or a portion of such amount in

  
 - 1 -

 
accordance with Section 3.4 of the Loan Agreement to be assumed by Purchaser. This section replaces Section 5 of that certain Third Amendment and Reinstatement of Purchase and Sale
Agreement dated November 30, 2012, between Seller and Purchaser (the “Third Amendment”). The Escrow Agreement attached to the Third Amendment is hereby terminated in its entirety. Upon receipt by Purchaser of evidence that
(i) all work under the Construction Contract has been completed and paid for (including lien releases) and the applicable lien period has expired, and (ii) all of Lender’s requirements concerning such work have been satisfied and
Lender has delivered any excess amounts for such work to Purchaser, Purchaser shall pay to Seller the difference (if any) between the amount of the Purchase Price reduction under this Section 4 and the actual cash paid under the Construction
Contract or necessary to finish the work contemplated by the Construction Contract, including but not limited to any inspection of the foundation work required by Lender and payment for any additional security guard required by tenant or any third
party. Prior to delivery of any such difference to Seller, Purchaser may retain such amounts that constitute prepaid rent that should have been delivered to Purchaser at Closing in accordance with the terms of the Agreement; provided, however,
Purchaser shall not retain any amounts as prepaid rent if (i) within thirty (30) days following Closing Seller delivers estoppels from the affected tenants certifying that there are no prepaid rents under each of the affected tenants’
respective leases; or (ii) such affected tenants do not deliver estoppels to Seller within the time periods allotted under each affected tenant’s lease for the provision of estoppels notwithstanding Seller’s request therefor, in which
even such amounts shall be conclusively deemed not to be prepaid rents. At Closing, Seller shall deliver to Purchaser all original lien releases relating to the Construction Contract. 

5. Payment to Lindemann Construction. At Closing, Escrow Agent shall deliver to Lindemann Construction $25,986.00 pursuant to that
Application and Certificate for Payment dated January 4, 2013 executed in connection with the Construction Contract. 
 6.
Purchase Price Reduction for City Mill Lease. The Purchase Price shall be reduced in an amount equal to $37,272.00, which amount represents the cost of the water valve replacement which occurred in October 2005, and which Landlord was
required to pay pursuant to the Lease dated May 24, 2009, Exhibit G #4. According to City Mill’s tenant estoppel, this amount has not been paid to tenant or credited against rent. 

7. Holdback. At Closing, Escrow shall withhold $148,000 (the “Holdback”) from the Purchase Price and hold it in
Escrow to settle prorations and other costs relating to the Property for a period of 30 days in accordance with the terms of the Agreement; provided, however, that the prorations related to the loan shall be done at Closing in accordance with the
terms of the Agreement. Without limiting the foregoing, Seller shall perform and Buyer shall reasonably approve the 2011 and 2012 CAM Reconciliation, which shall be settled and prorated in accordance with the Agreement. 

8. Purchase Price. The parties agree that the Purchase Price shall be $29,762,728.00. 

9. Default Interest. At Closing, Escrow Agent shall withhold from the Purchase Price and pay to Lender any default interest that
Lender may require in connection with the loan that Buyer is assuming. The default interest is anticipated to be $50,000. 

  
 - 2 -

 10. Counterparts; Signatures. This Amendment may be executed in any number of
counterparts and by each of the undersigned on separate counterparts, and each such counterpart shall be deemed to be an original, but all such counterparts put together shall constitute but one and the same Amendment. Signatures to this Amendment
transmitted by .pdf, electronic mail or other electronic means shall be treated as originals in all respects for purposes of this Amendment. 
 11. Successors and Assigns. This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. 

[Remainder of Page Intentionally Left Blank. Signatures Follow on Next Page.] 

  
 - 3 -

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

											
	SELLER:	 	TNP SRT WAIANAE MALL, LLC,
		 	a Delaware limited liability company
			
		 	By:	 	TNP Secured Holdings, LLC,
		 		 	 a Delaware limited liability company
 Its Member

				
		 		 	By:	 	TNP Strategic Retail Operating Partnership, LP,
		 		 		 	 a Delaware limited partnership
 Its Member

					
		 		 		 	By:	 	TNP Strategic Retail Trust, Inc.,
		 		 		 		 	 a Maryland corporation
 Its General Partner

						
		 		 		 		 	By:	 	 /s/ K. Timothy O’ Brien

		 		 		 		 	Name:	 	 K. Timothy O’ Brien

		 		 		 		 	Its:	 	 Co-CEO

  
 - 4 -

							
	PURCHASER:	 		 	 A & B PROPERTIES, INC.,
 a Hawaii corporation

				
		 		 	By:	 	 /s/ Lance K. Parker

		 		 	Name:	 	Lance K. Parker
		 		 	Title:	 	Vice-President
				
		 		 	By:	 	 /s/ Charles W. Loomis

		 		 	Name:	 	Charles W. Loomis
		 		 	Title:	 	Asst. Secretary
			
	ESCROW AGENT:	 		 	TITLE GUARANTY ESCROW SERVICES, INC.
				
		 		 	By:	 	 /s/ Ann Oshiro

		 		 	Name:	 	Ann Oshiro
		 		 	Title:	 	Assistant Vice President

  
 - 5 -Form of Promissory Note

 Exhibit 10.5 
 PROMISSORY NOTE 
  

			
	$        	  	As of November 30, 2012      

 H2 Financial Management Inc. (“Maker”) promises to pay to the order of
             (“Payee”) the principal sum of              Dollars
($            ) in lawful money of the United States of America, on the terms and conditions described below. 
 1. Principal. The principal balance of this Promissory Note (this “Note”) shall be repayable on the earliest of (i) November 29, 2013, (ii) the date upon
which Maker consummates an initial public offering of its securities and (iii) the date on which Maker determines to not proceed with an initial public offering of its securities. 

2. Interest. No interest shall accrue on the unpaid principal balance of this Note. 

3. Application of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any
sum due under this Note, including (without limitation) reasonable attorneys’ fees, second to the payment in full of any late charges and finally to the reduction of the unpaid principal balance of this Note. 

4. Events of Default. The following shall constitute “Events of Default”: 

(a) Failure to Make Required Payments. Failure by Maker to pay the principal of this Note within five (5) business days
following the date when due. 
 (b) Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under the
Federal Bankruptcy Code, as now constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession
by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker
generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing. 
 (c) Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of maker in an involuntary case under the Federal Bankruptcy
Code, as now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any
substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of sixty (60) consecutive days. 

 5. Remedies. 

(a) Upon the occurrence of an Event of Default specified in Section 4(a), Payee may, by written notice to Maker, declare this
Note to be due and payable, whereupon the principal amount of this Note, and all other amounts payable thereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding. 
 (b) Upon
the occurrence of an Event of Default specified in Sections 4(b) and 4(c), the unpaid principal balance of, and all other sums payable with regard to, this Note shall automatically and immediately become due and payable, in all cases
without any action on the part of Payee. 
 6. Waivers. Maker and all endorsers and guarantors of, and sureties for, this
Note waive presentment for payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that
might accrue to Maker by virtue of any present or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay
of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, on any writ of execution issued hereon, may be sold upon
any such writ in whole or in part in any order desired by Payee. 
 7. Unconditional Liability. Maker hereby waives all
notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be
affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with
respect to the payment or other provisions of this Note, and agree that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to them or affecting their liability hereunder. 

 8. Notices. Any notice called for hereunder shall be deemed properly given if
(i) sent by certified mail, return receipt requested, (ii) personally delivered, (iii) dispatched by any form of private or governmental express mail or delivery service providing receipted delivery, (iv) sent by facsimile, or
(v) sent by e-mail, to the following addresses or to such other address as either party may designate by notice in accordance with this Section: 
 If to Maker: 
 H2 Financial Management Inc. 

999 18th Street, Suite 3000 
 Denver, CO 80202 
 Facsimile: (646) 224-8222 

If to Payee: 

Facsimile:                     

 Notice shall be deemed given on the earlier of (i) actual receipt by the receiving party, (ii) the date shown on a facsimile
transmission confirmation, (iii) the date on which an e-mail transmission was received by the receiving party’s on-line access provider (iv) the date reflected on a signed delivery receipt, or (vi) two (2) Business Days
following tender of delivery or dispatch by express mail or delivery service. 
 9. Construction. This Note shall be
construed and enforced in accordance with the laws of the State of New York, without regard to any conflict of law principles. 

10. Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this
Note to be duly executed on the day and year first above written. 
  

			
	H2 FINANCIAL MANAGEMENT INC.
		
	By:	 	  

	Name:	 	R. Bradley Forth
	Title:	 	Chief Financial Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00212-of-00352.parquet"}]]