Document:

EX-10.1

 Exhibit 10.1 

 
  

 
 EXECUTION COPY 

LOAN AGREEMENT 

dated as of 

July 11, 2013, 
 among 
 DEAN FOODS COMPANY, 

as Borrower, 

JPMORGAN CHASE BANK, N.A., 
 as a Lender, 
 and 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 
 as a Lender 
  
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I
	  			
		
	 Definitions
	  			
	 SECTION 1.01. Defined Terms
	  	 	1	  
	 SECTION 1.02. Terms Generally
	  	 	17	  
	 SECTION 1.03. Accounting Terms; GAAP
	  	 	17	  
		
	 ARTICLE II
	  			
		
	 The Credits
	  			
		
	 SECTION 2.01. Commitments and Loans
	  	 	18	  
	 SECTION 2.02. Loans and Borrowings
	  	 	18	  
	 SECTION 2.03. Funding of Borrowings
	  	 	18	  
	 SECTION 2.04. Repayment
	  	 	19	  
	 SECTION 2.05. Prepayment of Loans
	  	 	19	  
	 SECTION 2.06. Fees
	  	 	19	  
	 SECTION 2.07. Interest
	  	 	19	  
	 SECTION 2.08. Increased Costs
	  	 	20	  
	 SECTION 2.09. Break Funding Payments
	  	 	21	  
	 SECTION 2.10. Taxes
	  	 	22	  
	 SECTION 2.11. Payments Generally; Allocation of Proceeds
	  	 	22	  
		
	 ARTICLE III
	  			
		
	 Representations and Warranties
	  			
		
	 SECTION 3.01. Organization; Powers
	  	 	23	  
	 SECTION 3.02. Authorization; Enforceability
	  	 	23	  
	 SECTION 3.03. Governmental Approvals; No Conflicts
	  	 	23	  
	 SECTION 3.04. Financial Condition; No Material Adverse Change
	  	 	23	  
	 SECTION 3.05. Properties
	  	 	24	  
	 SECTION 3.06. Litigation and Environmental Matters
	  	 	24	  
	 SECTION 3.07. Compliance with Laws
	  	 	24	  
	 SECTION 3.08. Investment Company Status
	  	 	24	  
	 SECTION 3.09. Taxes
	  	 	24	  
	 SECTION 3.10. ERISA
	  	 	24	  
	 SECTION 3.11. Disclosure
	  	 	25	  
	 SECTION 3.12. Solvency
	  	 	25	  
	 SECTION 3.13. Labor Disputes
	  	 	25	  
	 SECTION 3.14. No Default
	  	 	25	  
	 SECTION 3.15. Federal Reserve Regulations
	  	 	25	  

  
 i 

					
		
	 ARTICLE IV
	  			
		
	 Conditions
	  			
		
	 SECTION 4.01. Effectiveness
	  	 	26	  
		
	 ARTICLE V
	  			
		
	 Affirmative Covenants
	  			
		
	 SECTION 5.01. Notices of Material Events
	  	 	27	  
	 SECTION 5.02. Existence; Conduct of Business
	  	 	27	  
	 SECTION 5.03. Payment of Obligations
	  	 	27	  
	 SECTION 5.04. Maintenance of Properties
	  	 	28	  
	 SECTION 5.05. Books and Records; Inspection Rights
	  	 	28	  
	 SECTION 5.06. Compliance with Laws
	  	 	28	  
	 SECTION 5.07. Use of Proceeds
	  	 	28	  
	 SECTION 5.08. Insurance
	  	 	28	  
	 SECTION 5.09. Subsidiary Guarantors; Further Assurances
	  	 	28	  
		
	 ARTICLE VI
	  			
		
	 Negative Covenants
	  			
		
	 SECTION 6.01. Revolver and Receivables Facility Availability
	  	 	29	  
	 SECTION 6.02. Liquidity
	  	 	29	  
	 SECTION 6.03. Acquisitions and Dividends
	  	 	29	  
	 SECTION 6.04. Financial Covenants
	  	 	30	  
	 SECTION 6.05. Sanctions
	  	 	30	  
		
	 ARTICLE VII
	  			
		
	 Events of Default
	  			
		
	 ARTICLE VIII
	  			
		
	 Miscellaneous
	  			
		
	 SECTION 8.01. Notices
	  	 	32	  
	 SECTION 8.02. Waivers; Amendments
	  	 	33	  
	 SECTION 8.03. Expenses; Indemnity; Damage Waiver
	  	 	33	  
	 SECTION 8.04. Successors and Assigns
	  	 	34	  
	 SECTION 8.05. Survival
	  	 	35	  
	 SECTION 8.06. Counterparts; Integration; Effectiveness
	  	 	35	  
	 SECTION 8.07. Severability
	  	 	35	  
	 SECTION 8.08. Governing Law; Jurisdiction; Consent to Service of Process
	  	 	35	  
	 SECTION 8.09. WAIVER OF JURY TRIAL
	  	 	36	  
	 SECTION 8.10. Headings
	  	 	36	  
	 SECTION 8.11. Confidentiality
	  	 	36	  
	 SECTION 8.12. Several Obligations; Nonreliance; Violation of Law
	  	 	37	  
	 SECTION 8.13. USA PATRIOT Act
	  	 	37	  

  
 ii 

					
	 SECTION 8.14. Disclosure
	  	 	37	  
	 SECTION 8.15. Right of Set-off
	  	 	37	  
	 SECTION 8.16. Release of Subsidiary Guarantors
	  	 	37	  

 SCHEDULES: 
 Schedule 2.01 — Commitment Schedule 
 Schedule 3.01 — Subsidiaries 

Schedule 6.01 — Contingent Subordinated Obligation 
 EXHIBITS: 
 Exhibit A – Form of Assignment and Assumption 

  
 iii

 LOAN AGREEMENT dated as of July 11, 2013 (as amended, supplemented, restated or
otherwise modified from time to time, this “Agreement”), among DEAN FOODS COMPANY, a Delaware corporation, and the Lenders party hereto. 
 WHEREAS, the Borrower has requested that (a) the Tranche A-1 Term Lenders extend credit in the form of Tranche A-1 Term Loans on the Closing Date in an aggregate principal amount not in
excess of $545,000,000 and (b) the Tranche A-2 Term Lenders extend credit in the form of Tranche A-2 Term Loans on the Closing Date in an aggregate principal amount not in excess of $81,750,000. 

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, the Lenders are willing to extend such credit
to the Borrower on the terms and subject to the conditions set forth herein. Accordingly, the parties hereto hereby agree as follows: 
 ARTICLE I 
 Definitions 

SECTION 1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“Adjusted LIBO Rate” means, with respect to any Borrowing for any Interest Period, an interest rate per annum (rounded
upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. 
 “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified. Notwithstanding the foregoing, (a) no individual shall be an Affiliate solely by reason of his or her being a director, officer or employee of the Borrower or any of its Subsidiaries, and (b) none of the
Restricted Subsidiaries of the Borrower shall be considered Affiliates. For purposes hereof, all Unrestricted Subsidiaries shall be considered Affiliates of the Borrower and its Restricted Subsidiaries. 

“Applicable Rate” means, for any day, 2.50% per annum. 

“Asset Sale” means any sale, transfer or other disposition (including pursuant to a sale and leaseback transaction) of
any property or asset of the Borrower or any Material Restricted Subsidiary, other than (i) Excluded Dispositions and Specified Sales, (ii) sales, transfers or dispositions described in Section 6.05(b), 6.05(c), 6.05(d), 6.05(f),
6.05(g), 6.05(h) or 6.05(i) of the Revolving Credit Agreement and (iii) any Equity Issuance. 
 “Assignment and
Assumption” means an assignment and assumption agreement entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 8.04), in the form of Exhibit A. 

“Attributed Principal Amount” means, on any day, with respect to any Permitted Receivables Financing entered into by any
Loan Party, the aggregate amount (with respect to any such transaction, the “Invested Amount”) paid to, or borrowed by, such Person as of such date under such Permitted Receivables Financing, minus the aggregate amount
received by the applicable Receivables Financier and applied to the reduction of the Invested Amount under such Permitted Receivables Financing. 

  
 1 

 “Board” means the Board of Governors of the Federal Reserve System of the
United States of America. 
 “Borrower” means Dean Foods Company, a Delaware corporation. 

“Borrowing” means Loans of the same Class made or continued on the same date and as to which a single Interest Period is
in effect. 
 “Business Day” means 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; provided that, when used in connection with a Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in dollar
deposits in the London interbank market. 
 “Capital Lease” means any lease of property, real or personal, the
obligations with respect to which are required to be capitalized on a balance sheet of the lessee in accordance with GAAP. 

“Capital Lease Obligations” means the aggregate principal component of capitalized lease obligations relating to a
Capital Lease determined in accordance with GAAP. 
 “Captive Insurance Company” means any Subsidiary of the
Borrower that is organized and subject to regulation as an insurance company, or the principal purpose of which is to procure insurance for the benefit of the Borrower and/or its Restricted Subsidiaries. 

“Cash Equivalents” means: 
 (a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States (or by any agency thereof to the extent such obligations are backed by
the full faith and credit of the United States), in each case maturing within one year from the date of acquisition thereof; 
 (b) investments in (1) commercial paper and variable or fixed rate notes issued by (A) any domestic commercial bank of recognized standing having capital and surplus in excess of $250,000,000 or
(B) any bank whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the equivalent thereof (any such bank described in this clause (b) being an
“Approved Bank”) (or by the parent company thereof) or (2) any commercial paper or variable rate notes issued by, or guaranteed by any domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or
the equivalent thereof) or better by Moody’s, and in each case maturing within 270 days from the date of acquisition thereof; 
 (c) investments in certificates of deposit, banker’s acceptances and time deposits maturing within 180 days from the date of acquisition thereof issued or guaranteed by or placed with, and money
market deposit accounts issued or offered by, any domestic office of any Approved Bank; 
 (d) repurchase
agreements with a term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (b) above; 

  
 2 

 (e) auction preferred stock rated in the highest short-term credit rating
category by S&P or Moody’s with a maximum maturity of one year, for which the reset date will be used to determine the maturity date; and 
 (f) money market funds that (i) comply with the criteria set forth in Securities and Exchange Commission Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAA by S&P and Aaa
by Moody’s and (iii) have portfolio assets of at least $5,000,000,000. 
 “Change in Control” means
(a) the acquisition of record or beneficial ownership by any Person or group (as such terms are used in Section 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any plan for the benefit of employees, directors or
certain other participants associated with the Borrower or a Subsidiary or any trustee or fiduciary with respect to any such plan when acting in that capacity or any trust related to any such plan), of Equity Interests representing more than 35% of
the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of the Borrower; or (b) occupation of a majority of the seats (other than vacant seats) on the board of directors of the Borrower by Persons who are
not Continuing Directors. As used herein, (i) “beneficial ownership” shall have the meaning provided in Rule 13d-3 of the SEC under the Securities Act of 1934 and (ii) “Continuing Directors” means, as of any date of
determination, any member of the board of directors of the Borrower who (A) was a member of such board of directors on the Closing Date, or (B) was nominated for election, elected or appointed to such board of directors with the approval
of a majority of the Continuing Directors who were members of such board of directors at the time of such nomination, election or appointment and represented a majority of such board of directors. 

“Change in Law” means the occurrence, after the date of this Agreement (or with respect to any Lender, if later, the
date on which such Lender becomes a Lender), of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation
or application thereof by any Governmental Authority, or (c) the making or issuance of any request, rules, guideline, requirement or directive (whether or not having the force of law) by any Governmental Authority; provided however, that
notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation
thereof, and (ii) all requests, rules, guidelines, requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or
foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law” regardless of the date enacted, adopted, issued or implemented. 

“Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are Tranche A-1 Term Loans or Tranche A-2 Term Loans, and, when used in reference to any Lender, refers to whether such Lender is a Tranche A-1 Term Lender or a Tranche A-2 Term Lender. 

“Closing Date” means the date on which the conditions specified in Section 4.01 are satisfied (or waived in
accordance with Section 8.02). 
 “Code” means the Internal Revenue Code of 1986, as amended from time to
time. 
 “Commitments” means, collectively, the Tranche A-1 Term Commitments and the Tranche A-2 Term
Commitments. 

  
 3 

 “Connection Income Taxes” means Other Connection Taxes that are imposed on
or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated
EBITDA” means, for any period, for the Borrower and its Restricted Subsidiaries on a consolidated basis, an amount equal to: (a) Consolidated Net Income for such period plus (b) an amount which, in the determination of
Consolidated Net Income for such period, has been deducted for, without duplication: (i) Consolidated Interest Expense, (ii) provision for taxes based on income, profits or capital of the Borrower and its Restricted Subsidiaries,
including, without limitation, federal, state, franchise, excise and similar taxes and foreign withholding taxes paid or accrued during such period including penalties and interest related to such taxes or arising from any tax examinations,
(iii) depreciation and amortization expense and other non-cash charges, expenses or losses (except for any such expense that requires accrual of a reserve for anticipated future cash payments for any period), (iv) pro forma cost savings
add-backs resulting from non-recurring charges related to Permitted Acquisitions or dispositions as permitted pursuant to Regulation S-X of the Securities Exchange Act of 1934 or as approved by the Lenders, (v) non-recurring, cash charges,
expenses or losses (including, for the avoidance of doubt, non-recurring, cash charges, expenses or losses constituting restructuring charges or reserves, costs related to the closure and/or consolidation of facilities, contract termination costs
and severance expenses) not exceeding $15,000,000 in any four fiscal quarter period, (vi) any contingent or deferred payments (including earn-out payments, non-compete payments and consulting payments but excluding ongoing royalty payments)
made in connection with any Permitted Acquisition, (vii) any extraordinary or unusual charges or expenses (including amounts paid on early terminations of Swap Agreements), (viii) non-cash losses from foreign exchange translation
adjustments or Swap Agreements during such period and (ix) the fees and expenses paid to third parties during such period that directly arise out of and are incurred in connection with any Permitted Acquisition, investment, asset disposition,
issuance or repayment of debt, issuance of equity securities, refinancing transaction or amendment or other modification of any debt instrument (in each case, including any such transaction consummated prior to the Closing Date and any such
transaction undertaken but not completed, and including transaction expenses incurred in connection therewith) or early extinguishment of Indebtedness to the extent such items were subject to capitalization prior to the effectiveness of Financial
Accounting Standards Board Statement No. 141R “Business Combinations” but are required under such statement to be expensed currently, minus (c) the following to the extent included in the determination of Consolidated Net Income
for such period, without duplication: (i) non-cash credits, income or gains, including non-cash gains from foreign exchange translation adjustments or Swap Agreements during such period, (ii) any extraordinary or unusual income or gains
(including amounts received on early terminations of Swap Agreements), and (iii) any federal, state, local and foreign income tax credits, plus (d) [intentionally omitted], plus (e) other adjustments to Consolidated EBITDA reasonably
acceptable to the Lenders. “Consolidated EBITDA” shall not include income (or loss) attributable to non-controlling interests in Restricted Subsidiaries that are not Subsidiary Guarantors, but shall include income (or loss)
attributable to non-controlling interests in Restricted Subsidiaries that are Subsidiary Guarantors. In addition, to the extent that for any period the portion of Consolidated EBITDA attributable to Material Restricted Subsidiaries that are Domestic
Subsidiaries but that are not Subsidiary Guarantors exceeds 10% of Consolidated EBITDA (such amount in excess of 10% of Consolidated EBITDA, the “Excess EBITDA”), then such Excess EBITDA shall be excluded from the calculation of
Consolidated EBITDA. Notwithstanding the foregoing, Consolidated EBITDA (I) for the four fiscal quarter period ended March 31, 2013 shall be equal to the Consolidated EBITDA for the three month period ended March 31, 2013
multiplied by four (4), (II) for the four fiscal quarter period ended June 30, 2013 shall be equal to the Consolidated EBITDA for the six month period ended June 30, 2013 multiplied by two (2) and (III) for the four
fiscal quarter period ended September 30, 2013 shall be equal to the Consolidated EBITDA for the nine month period ended September 30, 2013 multiplied by four-thirds (4/3). 

  
 4 

 “Consolidated Funded Indebtedness” means, as of any date of determination
with respect to the Borrower and its Restricted Subsidiaries on a consolidated basis, without duplication, the sum of: (a) the outstanding principal amount of all obligations for borrowed money, whether current or long-term (including the
Obligations) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments or upon which interest payments are customarily made; (b) all obligations arising under letters of credit (including standby
and commercial but excluding letters of credit to the extent such letters of credit have been cash collateralized) and bankers’ acceptances, but only to the extent consisting of unpaid reimbursement obligations in respect of drawn amounts under
letters of credit or bankers’ acceptance facilities; (c) all attributable indebtedness under Capital Leases, synthetic leases, account receivables securitization programs (including Permitted Receivables Financings), off-balance sheet
loans or similar off-balance sheet financing products; (d) all obligations under conditional sale or other title retention agreements relating to assets purchased (other than customary reservations or retentions of title under agreements with
suppliers entered into in the ordinary course of business); (e) all obligations issued or assumed as the deferred purchase price of assets or services purchased (other than contingent earn-out payments and other contingent deferred payments to
the extent not fixed and payable, and trade debt incurred in the ordinary course of business and due within six (6) months of the incurrence thereof) which would appear as liabilities on a balance sheet; (f) all preferred Equity Interests
issued and which by the terms thereof could be (at the request of the holders thereof or otherwise) subject to mandatory sinking fund payments, redemption or other acceleration; (g) all Guarantees with respect to outstanding Indebtedness of the
type specified in clauses (a) through (f) above of another Person; (h) all Indebtedness of the type specified in clauses (a) through (f) above of another Person secured by (or for which the holder of such Indebtedness has an
existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, assets owned or acquired by the Borrower or a Restricted Subsidiary, whether or not the obligations secured thereby have been
assumed; and (i) all Indebtedness of the types referred to in clauses (a) through (h) above of any partnership or joint venture (other than a joint venture that is itself a corporation, limited liability company or similar limited
liability entity organized under the Laws of a jurisdiction other than the United States or a state thereof) in which the Borrower or any of its Restricted Subsidiaries is a general partner or joint venturer, except to the extent that Indebtedness
is expressly made non-recourse to such Person. For the avoidance of doubt, Consolidated Funded Indebtedness shall exclude Hybrid Equity Securities issued by the Borrower or any Subsidiary. For purposes hereof, the definition of “Consolidated
Funded Indebtedness” shall exclude any Indebtedness under the Contingent Subordinated Obligation until such Indebtedness is reflected as a liability or contingent obligation on the consolidated balance sheet of the Borrower. 

“Consolidated Interest Expense” means, for any period, for the Borrower and its Restricted Subsidiaries on a
consolidated basis without duplication, the following (in each case as determined in accordance with GAAP): (a) all interest in respect of Indebtedness (including the interest component of synthetic leases, account receivables securitization
programs, off-balance sheet loans or similar off-balance sheet financing products) accrued during such period (whether or not actually paid during such period) and costs of surety bonds, in each case determined after giving effect to any net
payments made or received under interest rate Swap Agreements minus (b) the sum of (i) all interest income during such period and (ii) to the extent included in clause (a) above, the amount of write-offs or amortization of
deferred financing fees, commissions, fees and expenses, and amounts paid (or plus any amounts received) on early terminations of Swap Agreements. Notwithstanding the foregoing, Consolidated Interest Expense (I) for the four fiscal quarter
period ended March 31, 2013 shall be equal to the Consolidated Interest Expense for the three month period ended March 31, 2013 multiplied by four (4), (II) for the four fiscal quarter period ended June 30, 2013 shall
be equal to the Consolidated Interest Expense for the six month period ended June 30, 2013 multiplied by two (2) and (III) for the four fiscal quarter period ended September 30, 2013 shall be equal to the Consolidated
Interest Expense for the nine month period ended September 30, 2013 multiplied by four-thirds (4/3). 

  
 5 

 “Consolidated Net Income” means, for any period, net income after taxes for
such period of the Borrower and its Restricted Subsidiaries on a consolidated basis, as determined in accordance with GAAP. Except as otherwise provided herein, the applicable period shall be for the four (4) consecutive quarters ending as of
the date of computation. 
 “Contingent Subordinated Obligation” means the contingent subordinated obligation
described on Schedule 6.01. 
 “Control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative
thereto. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States, any applicable State thereof or other applicable
jurisdictions from time to time in effect. 
 “Default” means any event or condition which constitutes an Event
of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 

“dollars” or “$” refers to lawful money of the United States of America. 

“Domestic Subsidiary” means any Subsidiary that is incorporated or organized under the laws of the United States of
America, any state thereof or in the District of Columbia. 
 “Environmental Laws” means all laws, rules,
regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural
resources, or the management, release or threatened release of any Hazardous Material. 
 “Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or
based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or
threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or
profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible
into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the
other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of
determination. 

  
 6 

 “Equity Issuance” means any issuance by the Borrower or any of its
Restricted Subsidiaries to any Person which is not the Borrower or a Subsidiary of (a) shares of its Equity Interests or Hybrid Equity Securities (excluding issuances of Equity Interests to directors, officers, consultants or other employees
under any equity award program, employee stock purchase plan or other employee benefit plan in existence from time to time), (b) any shares of its Equity Interests pursuant to the exercise of options (excluding for purposes hereof the issuance
of Equity Interests pursuant to the exercise of stock options held by directors, officers, consultants or other employees or former employees of the Loan Parties or personal representatives or heirs or beneficiaries of any of them) or warrants or
(c) any shares of its Equity Interests or Hybrid Equity Securities pursuant to the conversion of any debt securities to equity. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the
Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 
 “ERISA Event” means (a) the occurrence of any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan
(other than an event for which the notice is waived or otherwise not required); (b) the occurrence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of
ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the
Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Borrower or any ERISA Affiliate from the PBGC or other governmental entity of any notice
relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from
any Plan or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal
Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA. 
 “Event of Default” has the meaning assigned to such term in Article VII. 
 “Excluded Disposition” means the sale, transfer, or other disposition of (a) any motor vehicles or other equipment no longer used or useful in the business of the Borrower or any of
its Restricted Subsidiaries, (b) any inventory, materials and other assets in the ordinary course of business and on ordinary business terms, and (c) Cash Equivalents described in clause (a) of the definition thereof. 

“Excluded Taxes” means any of the following Taxes imposed on or with respect to a Lender or required to be withheld or
deducted from a payment to a Lender, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Lender being organized under the laws of,
or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a
Lender, U.S. Federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such
interest in the Loan or Commitment or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.10, amounts with respect to such Taxes were payable either to such Lender’s assignor
immediately before such Lender acquired the applicable interest in a Loan or Commitment or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Lender’s failure to comply with Section 2.10
and (d) any U.S. Federal withholding Taxes imposed under FATCA. 

  
 7 

 “FATCA” means Sections 1471 through 1474 of the Code, as of the date
of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to
Section 1471(b)(1) of the Code. 
 “Financial Officer” means the chief executive officer, chief financial
officer, principal accounting officer, treasurer or controller of the Borrower. 
 “Foreign Subsidiary” means
any Subsidiary which is not a Domestic Subsidiary. 
 “GAAP” means generally accepted accounting principles in
the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board, consistently
applied and as in effect from time to time. 
 “Governmental Authority” means the government of the United
States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank) and any group or body charged with setting regulatory capital rules or
standards (including, without limitation, the Basel Committee on Banking Supervision or any successor or similar authority thereto). 
 “Guarantee” means, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments
for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (a) to purchase any
such Indebtedness or any property constituting security therefor, (b) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of
such other Person (including without limitation keep well agreements, maintenance agreements or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (c) to lease or purchase assets, securities
or services primarily for the purpose of assuring the holder of such Indebtedness, or (d) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guarantee hereunder shall (subject
to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guarantee is made or, if not stated or determinable, the
maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances,
wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated
pursuant to any Environmental Law. 
 “Hybrid Equity Securities” means any securities issued by the Borrower
any Subsidiary or a financing vehicle of the Borrower or any Subsidiary that (i) are classified as possessing a minimum of “intermediate equity content” by S&P and Basket C equity credit by Moody’s and (ii) other than
solely through the issuance of Equity Interests, (A) require no repayments or prepayments and no redemptions, 

  
 8 

 
repurchases, sinking fund payments or defeasement and (B) do not otherwise provide for (1) any obligations thereunder or in connection therewith to become due prior to their scheduled
maturity or (2) an ability (with or without the giving of notice, the lapse of time or both) for the holder or holders of any such securities or any trustee or agent on its or their behalf to cause any such obligations to become due, in each
case, prior to at least 91 days after the Tranche A-2 Term Maturity Date. 
 “IFRS” means international
accounting standards within the meaning of IAS Regulation 1606/2002 to the extent applicable to the relevant financial statements delivered under or referred to herein. 
 “Impacted Interest Period” has the meaning assigned to such term in the definition of “LIBO Rate”. 
 “Indebtedness” means, as of any date of determination with respect to any Person, without duplication: (a) the outstanding principal amount of all obligations for borrowed money,
whether current or long-term and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments or upon which interest payments are customarily made; (b) the maximum amount of all letters of credit
(including standby and commercial) and bankers’ acceptances, including unpaid reimbursement obligations in respect of drawn amounts under letters of credit or bankers’ acceptance facilities; (c) all attributable indebtedness under
Capital Leases, synthetic leases, account receivables securitization programs (including Permitted Receivables Financings), off-balance sheet loans or similar off-balance sheet financing products; (d) all obligations of such Person under
conditional sale or other title retention agreements relating to assets purchased by such Person (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business); (e) all
obligations issued or assumed as the deferred purchase price of assets or services purchased (other than contingent earn-out payments and other contingent deferred payments to the extent not fixed and payable, and trade debt incurred in the ordinary
course of business and due within six (6) months of the incurrence thereof) which would appear as liabilities on a balance sheet; (f) all preferred Equity Interests issued by such Person and which by the terms thereof could be (at the
request of the holders thereof or otherwise) subject to mandatory sinking fund payments, redemption or other acceleration; (g) all obligations of such Person under take-or-pay or similar arrangements; (h) all net obligations of such Person
under Swap Agreements; (i) all Guarantees with respect to outstanding Indebtedness of the type specified in clauses (a) through (h) above of another person; (j) all Indebtedness of the type specified in clauses (a) through
(i) above of another Person secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, assets owned or acquired by
such Person, whether or not the obligations secured thereby have been assumed; and (k) the Indebtedness of any partnership or unincorporated joint venture in which such Person is a general partner or a joint venture, except to the extent that
Indebtedness is expressly made non-recourse to such Person. 
 “Indemnified Taxes” means (a) Taxes, other
than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Interest Coverage Ratio” means, the ratio, determined as of the end of each fiscal quarter of the Borrower for the
most-recently ended four fiscal quarters, of (a) Consolidated EBITDA to (b) Consolidated Interest Expense paid or payable in cash minus any Consolidated Interest Expense in respect of the Loans paid or payable in cash hereunder, all
calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis in accordance with GAAP. 

  
 9 

 “Interest Period” means with respect to any Borrowing, the period
commencing on the date of such Borrowing or the end of the immediately preceding Interest Period and ending on the numerically corresponding day in the calendar month that is seven days or one month thereafter, as the Borrower may elect;
provided, that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar
month, in which case such Interest Period shall end on the next preceding Business Day and (ii) other than in the case of an Interest Period of seven days, any Interest Period that commences on the last Business Day of a calendar month (or on a
day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially
shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent continuation of such Borrowing. 
 “Interpolated Rate” means, at any time, the rate per annum determined by JPMCB (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that
results from interpolating on a linear basis between: (a) the LIBOR Screen Rate (for the longest period for which the LIBOR Screen Rate is available) that is shorter than the Impacted Interest Period and (b) the LIBOR Screen Rate for the
shortest period (for which the LIBOR Screen Rate is available) that exceeds the Impacted Interest Period, in each case, at such time. 
 “JPMCB” means JPMorgan Chase Bank, N.A. 
 “Laws”
means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration
thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, licenses, authorizations and permits of, and agreements with, any Governmental
Authority, in each case having the force of law. 
 “Lenders” means the Persons listed on Schedule 2.01
hereto and any other Person that shall have become a Lender hereunder pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. 

“Leverage Ratio” means, on any date, the ratio of (a) Consolidated Funded Indebtedness on such date, minus
(i) unrestricted cash and Cash Equivalents, after giving effect to any adjustments for international tax effects at an assumed withholding rate of 35% (or such lesser statutory rate as may be in effect from time to time), as applicable, in an
aggregate amount not to exceed $100,000,000 to the extent held by the Borrower and the Restricted Subsidiaries on a consolidated basis on such date and (ii) to the extent not deducted pursuant to the preceding clause (a)(i), unrestricted cash
and Cash Equivalents in an amount equal to any Loans outstanding hereunder as of the end of the applicable fiscal quarter of the Borrower (or outstanding at any time for purposes of determining the Leverage Ratio on a Pro Forma Basis) to
(b) Consolidated EBITDA for the period of four consecutive fiscal quarters ended on such date (or, if such date is not the last day of a fiscal quarter, ended on the last day of the fiscal quarter most recently ended prior to such date). For
purposes of this Agreement, proceeds from Equity Issuances described in Section 6.04(r) of the Revolving Credit Agreement shall be deemed not to be “unrestricted cash and Cash Equivalents”. 

“LIBO Rate” means, with respect to any Borrowing for any applicable Interest Period, the London interbank offered rate
as administered by the British Bankers Association (or any other Person that takes over the administration of such rate for dollars) for a period equal in length to such Interest Period as displayed on pages LIBOR01 or LIBOR02 of the Reuters screen
that displays such rate 

  
 10 

 
(or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other
information service that publishes such rate from time to time as selected by JPMCB in its reasonable discretion; in each case the “LIBOR Screen Rate”) at approximately 11:00 a.m., London time, two (2) Business Days prior to
the commencement of such Interest Period; provided that, if the LIBOR Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”), then the LIBO Rate shall be the Interpolated Rate at
such time. 
 “LIBOR Screen Rate” has the meaning assigned to such term in the definition of “LIBO
Rate”. 
 “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge,
hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, Capital Lease or title retention agreement (or any financing lease having
substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 

“Loan Documents” means this Agreement, any promissory notes issued pursuant to this Agreement, the Subsidiary Guaranty,
and all other agreements, instruments, documents and certificates identified in Section 4.01 executed and delivered to, or in favor of, any Lenders and including all other powers of attorney, consents, assignments, contracts, notices and all
other written matter whether heretofore, now or hereafter executed by or on behalf of any Loan Party, or any employee of any Loan Party, and delivered to any Lender in connection with this Agreement or the transactions contemplated hereby. Any
reference in this Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto, and all amendments, restatements, supplements or other modifications thereto, and shall refer to this Agreement or
such Loan Document as the same may be in effect at any and all times such reference becomes operative. 
 “Loan
Parties” means the Borrower and the Subsidiary Guarantors. 
 “Loans” means the loans and advances
made by the Lenders pursuant to this Agreement. 
 “Material Adverse Effect” means (A) a material adverse
change in, or a material adverse effect on, the operations, business, assets, properties, liabilities (actual or contingent) or financial condition of the Borrower and its Restricted Subsidiaries, taken as a whole; (B) a material impairment of
the rights and remedies of any Lender under any Loan Document, or of the ability of the Borrower or any Subsidiary Guarantor to perform its obligations under any Loan Document to which it is a party; or (C) a material adverse effect upon the
legality, validity, binding effect or enforceability against the Borrower or any Subsidiary Guarantor of any Loan Document to which it is a party. 
 “Material Indebtedness” means (a) Indebtedness under the Revolving Credit Agreement and (b) (i) the Contingent Subordinated Obligation and (ii) Indebtedness (other
than the Loans), or obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and its Restricted Subsidiaries in an aggregate principal amount exceeding $50,000,000. For purposes of determining Material Indebtedness,
the “obligations” of the Borrower or any Restricted Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Restricted Subsidiary
would be required to pay if such Swap Agreement were terminated at such time. 

  
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 “Material Restricted Subsidiary” means (i) each Restricted Subsidiary
that is a borrower or guarantor of any Material Indebtedness or a guarantor of any Indebtedness under the Senior Notes (as defined in the Revolving Credit Agreement), (ii) any other Restricted Subsidiary (other than a Receivables Financing SPC)
with assets of $500,000 or more and (iii) any other Restricted Subsidiary that owns any material domestic intellectual property; provided, however, if the aggregate assets of Restricted Subsidiaries (other than Receivables Financing SPCs) that
are not Material Restricted Subsidiaries at any time exceeds $10,000,000, the Borrower shall designate one or more of such Restricted Subsidiaries as Material Restricted Subsidiaries such that, after giving effect to such designations, the aggregate
assets of Restricted Subsidiaries (other than Receivables Financing SPCs) that are not Material Restricted Subsidiaries shall be less than $10,000,000. 
 “Maturity Date” means the Tranche A-1 Term Maturity Date or Tranche A-2 Term Maturity Date, as the context requires. 

“MLPF&S” means Merrill Lynch, Pierce, Fenner & Smith Incorporated. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 

“Obligations” means all unpaid principal of and accrued and unpaid interest on the Loans, all accrued and unpaid fees
and all expenses, reimbursements, indemnities and other obligations of the Loan Parties to the Lenders or to any Lender or to any indemnified party arising under the Loan Documents. 

“OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. 

“Other Connection Taxes” means, with respect to any Lender, Taxes imposed as a result of a present or former connection
between such Lender and the jurisdiction imposing such Tax (other than connections arising from such Lender having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security
interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 
 “Other Taxes” means all present or future stamp, court or documentary, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery,
performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment,
grant of a participation, or transfer or designation of a new applicable lending office for receiving payments under any Loan Document and Excluded Taxes. 
 “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions. 

“Permitted Acquisition” means an acquisition by the Borrower or any of its Restricted Subsidiaries which is an
acquisition of a Person or assets of a Person and, solely in the case of any such acquisition wherein the total cash consideration exceeds $25,000,000, is approved by the Lenders. 

  
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 “Permitted Liens” means, at any time, Liens in respect of property of the
Borrower or any Restricted Subsidiary permitted to exist at such time pursuant to the terms of Section 6.02 of the Revolving Credit Agreement. 
 “Permitted Receivables Financing” means any one or more receivables financings in which (a) any Loan Party or any Restricted Subsidiary (i) sells (as determined in accordance
with GAAP) any accounts (as defined in the Uniform Commercial Code as in effect in the State of New York), payment intangibles (as defined in the Uniform Commercial Code as in effect in the State of New York), notes receivable, rights to future
lease payments or residuals (collectively, together with certain property relating thereto and the right to collections thereon, being the “Transferred Assets”) to any Person that is not a Subsidiary or Affiliate of the Borrower
(with respect to any such transaction, the “Receivables Financier”), (ii) borrows from such Receivables Financier and secures such borrowings by a pledge of such Transferred Assets and/or (iii) otherwise finances its acquisition
of such Transferred Assets and, in connection therewith, conveys an interest in such Transferred Assets to the Receivables Financier or (b) any Loan Party or any Restricted Subsidiary sells, conveys or otherwise contributes any Transferred
Assets to a Receivables Financing SPC, which Receivables Financing SPC then (i) sells (as determined in accordance with GAAP) any such Transferred Assets (or an interest therein) to any Receivables Financier, (ii) borrows from such
Receivables Financier and secures such borrowings by a pledge of such Transferred Assets or (iii) otherwise finances its acquisition of such Transferred Assets and, in connection therewith, conveys an interest in such Transferred Assets to the
Receivables Financier; provided that (A) the aggregate Attributed Principal Amount for all such financings shall not at any time exceed $750,000,000 and (B) such financings shall not involve any recourse to any Loan Party or any
Restricted Subsidiary for any reason other than (x) repurchases of non-eligible assets or (y) indemnifications for losses other than credit losses related to the Transferred Assets. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Plan” means any employee pension benefit plan (other
than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under
Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
 “Pro
Forma Basis” means, with respect to any transaction, that for purposes of calculating the financial covenants set forth in Section 6.04, such transaction shall be deemed to have occurred as of the first day of the most recent four
fiscal quarter period preceding the date of such transaction for which financial statements were required to be delivered pursuant to Section 5.01(a) or 5.01(b) of the Revolving Credit Agreement (or, prior to the delivery of the first financial
statements following the Closing Date pursuant to Section 5.01 of the Revolving Credit Agreement, as of the first day of the most recent four fiscal quarter period ending on the last day of the most recent quarter for which financial statements
have been delivered to the Lenders prior to the Closing Date). In connection with the foregoing, (a) with respect to the incurrence of any Indebtedness, such Indebtedness shall be deemed to have been incurred as of the first day of the
applicable period, (b) with respect to any Asset Sale or Recovery Event, (i) income statement and cash flow statement items (whether positive or negative) attributable to the property disposed of shall be excluded to the extent relating to
any period occurring prior to the date of such transaction and (ii) Indebtedness which is retired shall be excluded and deemed to have been retired as of the first day of the applicable period, and (c) with respect to any Permitted
Acquisition, (i) income statement and cash flow statement items attributable to the Person or property acquired shall be included to the extent relating to any period applicable in such calculations to the extent (A) such items are not
otherwise included in such income statement and cash flow statement items for the Borrower and its Subsidiaries in accordance with GAAP or in accordance with any defined 

  
 13 

 
terms set forth in Section 1.01 and (B) such items are supported by financial statements or other information reasonably satisfactory to the Lenders and (ii) any Indebtedness
incurred or assumed by any Loan Party or any Subsidiary (including the Person or property acquired) in connection with such transaction and any Indebtedness of the Person or property acquired which is not retired in connection with such transaction
(A) shall be deemed to have been incurred as of the first day of the applicable period and (B) if such Indebtedness has a floating or formula rate, shall have an implied rate of interest for the applicable period for purposes of this
definition determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination. 
 “Receivables Financier” shall have the meaning set forth in the definition of Permitted Receivables Financing. 
 “Receivables Financing SPC” means, in respect of any Permitted Receivables Financing, any Subsidiary or Affiliate of the Borrower to which any Loan Party sells, contributes or otherwise
conveys Transferred Assets in connection with such Permitted Receivables Financing and each general partner of any such Subsidiary or Affiliate. 
 “Recovery Event” means the receipt by the Borrower or any of its Restricted Subsidiaries of any cash insurance proceeds or condemnation award payable by reason of theft, loss, physical
destruction or damage, taking or similar event with respect to any of their respective property or assets. 
 “Related
Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, trustees, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Requirement of Law” means, as to any Person, the Certificate of Incorporation and By Laws or other organizational or
governing documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such
Person or any of its property is subject. 
 “Responsible Officer” means the chief executive officer,
president, chief financial officer, treasurer, assistant treasurer or controller of a Loan Party, and, solely for purposes of the delivery of incumbency certificates, the secretary or any assistant secretary of a Loan Party and, solely for purposes
of notices given pursuant to Article II, any other officer of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Lenders. Any document delivered hereunder that is signed by a Responsible Officer of a Loan
Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan
Party. 
 “Restricted Payment” means any dividend or other distribution (whether in cash, securities or other
property) with respect to any Equity Interests and Hybrid Equity Securities in (or of) the Borrower or any Restricted Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on
account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests and Hybrid Equity Securities in (or of) the Borrower or any Restricted Subsidiary or any option, warrant or other right to acquire
any such Equity Interests and Hybrid Equity Securities in (or of) the Borrower or any Restricted Subsidiary. 

“Restricted Subsidiaries” means the Subsidiaries of the Borrower other than the Unrestricted Subsidiaries. 

  
 14 

 “Revolving Credit Agreement” means the Credit Agreement dated as of
July 2, 2013 by and among the Borrower, the lenders from time to time party thereto and JPMCB, as the administrative agent (as further amended, supplemented, restated or otherwise modified or replaced from time to time). 

“Revolving Facility” means the Commitments (as defined in the Revolving Credit Agreement) and the extensions of credit
made thereunder. 
 “S&P” means Standard & Poor’s Ratings Services, a Standard &
Poor’s Financial Services LLC business. 
 “Sanction(s)” means any economic or financial sanction or trade
embargo imposed, administered or enforced by OFAC, the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 
 “SEC” means the United States Securities and Exchange Commission. 

“Solvent” means, in reference to the Loan Parties, that the fair value of all assets of the Loan Parties (taken as a
whole), measured on a going concern basis, exceeds all probable liabilities of the Loan Parties (taken as a whole), including those to be incurred pursuant to this Agreement. 
 “Specified Sales” means (a) the sale, transfer, lease or other disposition of inventory and materials in the ordinary course of business, (b) the sale, transfer, lease or other
disposition of obsolete or worn-out property or assets in the ordinary course of business, (c) the sale, transfer or other disposition of cash or Cash Equivalents, (d) the sale, transfer or other disposition of Equity Interests of
Unrestricted Subsidiaries, (e) dispositions of accounts receivable in connection with the collection or compromise thereof in the ordinary course of business and (f) dispositions of property to the extent that such property is exchanged
for credit against the purchase price of similar replacement property. 
 “Statutory Reserve Rate” means a
fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves)
expressed as a decimal established by the Board to which any Lender is subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such
reserve percentages shall include those imposed pursuant to such Regulation D. Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets
that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

 “subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation,
limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership,
more than 50% of the general partnership interests are, as of such date, owned, Controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more
subsidiaries of the parent. 
 “Subsidiary” means any subsidiary of the Borrower. 

  
 15 

 “Subsidiary Guarantor” means each Material Restricted Subsidiary that
becomes a party to a Subsidiary Guaranty (including pursuant to a joinder or supplement thereto); provided, that notwithstanding any other provision of this Agreement, no Foreign Subsidiary (or any Domestic Subsidiary owned by a Foreign
Subsidiary) shall be a Subsidiary Guarantor or shall otherwise be required to guarantee or pledge its assets in support of any obligations hereunder. 
 “Subsidiary Guaranty” means that certain Guaranty dated as of the Closing Date (including any and all supplements thereto) and executed by each Subsidiary Guarantor, and any other
guaranty agreements as are requested by the Lenders and their counsel, in each case as amended, restated, supplemented or otherwise modified from time to time. 
 “Swap Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more
rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions
(other than in respect of Equity Interests of the Borrower), in each case entered into to hedge or mitigate risks to which the Borrower or any Subsidiary reasonably believes it has actual exposure or entered into in order to effectively cap, collar
or exchange interest rates; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries
shall be a Swap Agreement. 
 “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Tranche A-1 Term Commitment” means, with respect to any Lender, the commitment, if any, of such Lender to make a
Tranche A-1 Term Loan hereunder on the Closing Date, expressed as an amount representing the maximum principal amount of the Tranche A-1 Term Loan to be made by such Lender hereunder. The amount of each Lender’s Tranche A-1 Term Commitment, if
any, is set forth on Schedule 2.01 hereto. The aggregate amount of the Tranche A-1 Term Commitments as of the Closing Date is $545,000,000. 
 “Tranche A-1 Term Lender” means, as of any date of determination, a Lender having an outstanding Tranche A-1 Term Loan. 

“Tranche A-1 Term Loan” means a Loan made on the Closing Date pursuant to clause (a) of Section 2.01
hereof. 
 “Tranche A-1 Term Maturity Date” means August 12, 2013. 

“Tranche A-2 Term Commitment” means, with respect to any Lender, the commitment, if any, of such Lender to make a
Tranche A-2 Term Loan hereunder on the Closing Date, expressed as an amount representing the maximum principal amount of the Tranche A-2 Term Loan to be made by such Lender hereunder. The amount of each Lender’s Tranche A-2 Term Commitment, if
any, is set forth on Schedule 2.01 hereto, as applicable. The aggregate amount of the Tranche A-2 Term Commitments as of the Closing Date is $81,750,000. 
 “Tranche A-2 Term Lender” means, as of any date of determination, a Lender having an outstanding Tranche A-2 Term Loan. 

“Tranche A-2 Term Loan” means a Loan made on the Closing Date pursuant to clause (b) of Section 2.01
hereof. 

  
 16 

 “Tranche A-2 Term Maturity Date” means September 9, 2013.

 “Transactions” means the execution, delivery and performance by the Borrower of this Agreement, the
borrowing of Loans and the use of the proceeds thereof. 
 “Transferred Assets” shall have the meaning set
forth in the definition of Permitted Receivables Financing. 
 “Unrestricted Subsidiaries” means (a) Azuis
Holding B.V., Carnival Ice Cream, N.V., Cascade Equity Realty, LLC, Dairy Information Systems Holdings, LLC, Dairy Information Systems, LLC, Dean Foods Foundation, Dean International Holding Company, Dean Puerto Rico Holdings, LLC, DF-AP, LLC, DF-AP
#1 LLC, DFC Aviation Services, LLC, DFC Energy Partners, LLC, DGI Ventures, Inc., Franklin Holdings, Inc., Franklin Plastics, Inc., Importadora y Distribuidora Dean Foods, S.A. de C.V. and Tenedora Dean Foods Internacional, S.A. de C.V.,
(b) each Captive Insurance Company and (c) any other Subsidiary of the Borrower designated by the Borrower as such in writing in accordance with Section 5.09(c); it being understood and agreed that (i) the term “Unrestricted
Subsidiary” shall include all Subsidiaries of any such designated Subsidiary, and (ii) any Unrestricted Subsidiary may subsequently be designated by the Borrower as a Restricted Subsidiary subject to the terms of Section 5.09(c).

 “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial
withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 SECTION
1.02. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter
forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the
word “shall”. The word “law” shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official rulings and interpretations thereunder having the force of law or with which affected
Persons customarily comply), and all judgments, orders and decrees, of all Governmental Authorities. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be
construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any
definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), (c) any reference
herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall
have succeeded to any or all functions thereof, (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular
provision hereof, (e) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (f) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

SECTION 1.03. Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial
nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies the Lenders that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change in
GAAP (including the 

  
 17 

 
adoption of IFRS) occurring after the Closing Date or in the application thereof on the operation of such provision (or if the Lenders notify the Borrower that each Lender requests an amendment
to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied
immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding any other provision contained herein, all terms of an accounting or financial
nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting Standards
Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair value”, as defined therein, (ii) without giving effect to any
treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such
Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof and (iii) in a manner such that any obligations relating to a lease that was
accounted for by the Borrower as an operating lease as of the Closing Date and any similar lease entered into after the Closing Date by the Borrower or any Subsidiary shall be accounted for as obligations relating to an operating lease and not as
Capital Lease Obligations. Without limiting the foregoing, leases shall continue to be classified and accounted for on a basis consistent with that reflected in the Borrower’s historical financial statements for all purposes of this Agreement,
notwithstanding any change in GAAP relating thereto, unless the parties hereto shall enter into a mutually acceptable amendment addressing such changes, as provided for above. 
 ARTICLE II 
 The Credits 

SECTION 2.01. Commitments and Loans. Subject to the terms and conditions set forth herein, each Lender agrees (a) to make a
Tranche A-1 Term Loan to the Borrower on the Closing Date in a principal amount not exceeding its Tranche A-1 Term Commitment and (b) to make a Tranche A-2 Term Loan to the Borrower on the Closing Date in a principal amount not exceeding its
Tranche A-2 Term Commitment. Amounts prepaid or repaid may not be reborrowed. Each Lender’s Commitments shall terminate immediately and without any further action upon the making of its Loans in the full amount of such Commitments on the
Closing Date. 
 SECTION 2.02. Loans and Borrowings. (a) Each Loan shall be made as part of a Borrowing consisting
of Loans of the same Class made by the Lenders of such Class ratably in accordance with their respective Commitments of the applicable Class. 
 (b) Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect
the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 
 SECTION 2.03. Funding of
Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the Closing Date by wire transfer of immediately available funds by 4:00 p.m., New York City time, to the account of the Borrower designated by it for such
purpose. 

  
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 SECTION 2.04. Repayment. (a) The Borrower hereby unconditionally promises to pay
(i) to each Lender, for its own account, the then unpaid interest and principal amount of each Tranche A-1 Term Loan of such Lender on the Tranche A-1 Term Maturity Date and (ii) to each Lender, for its own account, the then unpaid
interest and principal amount of each Tranche A-2 Term Loan of such Lender on the Tranche A-2 Term Maturity Date. 
 (b) Any
Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such
Lender and its registered assigns) and in a form approved by such Lender. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 8.04) be represented by
one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns). 

SECTION 2.05. Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any
Borrowing in whole or in part without premium or penalty but subject to breakfunding payments pursuant to Section 2.09, subject to prior notice in accordance with paragraph (b) of this Section. Prepayments of any Class of Loans made in
accordance with the terms hereof may be applied to repay any Class of Loans as the Borrower shall elect. 
 (b) The Borrower
shall notify the Lenders by telephone (confirmed by telecopy) of any prepayment hereunder of a Borrowing not later than 1:30 p.m., New York City time, three Business Days (or one (1) Business Day in the case of a prepayment of a Borrowing with
a 7-day Interest Period) before the date of prepayment. Each such notice shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid. Each prepayment of a Borrowing of the same Class shall be applied
in accordance with the terms hereof, in each case any such prepayments shall be accompanied by (i) accrued interest to the extent required by Section 2.07 and (ii) breakfunding payments pursuant to Section 2.09. 

SECTION 2.06. Fees. The Borrower agrees to pay each Lender, for its own account, the fees payable in the amounts and at the times
separately agreed upon between the Borrower and such Lender. All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the relevant Lenders. Fees paid shall not be refundable under any circumstances. 

SECTION 2.07. Interest. (a) The Loans comprising each Borrowing shall bear interest at the Adjusted LIBO Rate for the
Interest Period in effect for such Borrowing plus the Applicable Rate. 
 (b) (i) Each Borrowing shall have an initial Interest
Period as the Borrower may elect in accordance with this Agreement. Thereafter, the Borrower may elect Interest Periods therefor as provided in this Section. The Borrower may elect different options with respect to different portions of the
applicable Borrowing, in which case each such portion shall be allocated ratably among the Lenders, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding any other provision of this Agreement, the
Borrower shall not be entitled to request, or to elect to continue, any Borrowing if the Interest Period requested with respect thereto would end after the applicable Maturity Date. 

(ii) To make an election pursuant to this Section, the Borrower shall notify the Lenders of such election by telephone not
later than 1:00 p.m., New York City time, three Business Days (or one (1) Business Day in the case of an election to request or continue a Borrowing with a 7-day Interest Period) before the date of the proposed election. Each such
telephonic interest election request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Lenders of a written interest election request (an “Interest Election Request”) in a form approved by the
Lenders and signed by the Borrower. Notwithstanding any contrary provision herein, this Section shall not be construed to permit the Borrower (x) to elect an Interest Period for Loans that does not comply with Section 2.07(b)(i) and
(y) convert any Borrowing to a Borrowing of a different Class. 

  
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 (iii) Each telephonic and written Interest Election Request shall specify
the following information in compliance with this Section: 
  

	 	(1)	the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions
thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clause (3) shall be specified for each resulting Borrowing); 

 

	 	(2)	the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; and 

 

	 	(3)	the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest
Period”. 

 (iv) If the Borrower fails to deliver a timely Interest Election Request with
respect to a Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall have an Interest Period of one month’s
duration. 
 (c) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by
the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue
principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided above in this Section or (ii) in the case of any other amount, 2% plus the rate applicable to Loans of the same Class (or, if such overdue amount is not
related to a particular Class, the rate applicable to Tranche A-1 Term Loans). 
 (d) Accrued interest on each Loan shall be
payable in arrears on the applicable Maturity Date for such Loan; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand and (ii) in the event of any repayment or prepayment of
any Loan, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment. 
 (e) All interest hereunder shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 

SECTION 2.08. Increased Costs. (a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, liquidity or similar requirement (including any
compulsory loan requirement, insurance charge or other assessment) against assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); 

(ii) impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting
this Agreement or Loans made by such Lender; or 

  
 20 

 (iii) subject any Lender to any Taxes (other than (A) Indemnified
Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits,
reserves, other liabilities or capital attributable thereto; 
 and the result of any of the foregoing shall be to increase the cost to such
Lender of making, continuing or maintaining any Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of
principal, interest or otherwise), then the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such actual and direct costs (but not including anticipated profits) reasonably incurred or reduction
suffered. 
 (b) If any Lender determines that any Change in Law regarding capital or liquidity requirements has or would have
the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement or the Loans made by such Lender to a level below that which such Lender or
such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy and liquidity) by an
amount reasonably deemed by such Lender to be material, and such Lender has experienced such effect with respect to other customers under similar circumstances, then from time to time the Borrower will pay to such Lender, as the case may be, such
additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 
 (c) A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in paragraph (a) or (b) of this
Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender, as the case may be, the amount shown as due on any such certificate within 15 days after receipt thereof. 

(d) Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such
Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender,
as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such
increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 
 SECTION 2.09. Break Funding Payments. In the event of (a) the payment of any principal of any Loan (excluding a Loan with a 7-day Interest Period) other than on the last day of an Interest
Period applicable thereto (including as a result of an Event of Default) or (b) the failure to borrow, continue or prepay any Loan (excluding a Loan with a 7-day Interest Period) on the date specified in any notice delivered pursuant hereto
(regardless of whether such notice is revoked), then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of such Loan, such loss, cost or expense to any Lender shall be
deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have
been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow or continue, for the period that would have been the Interest Period for
such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid 

  
 21 

 
were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and period from other banks in the eurodollar market. A certificate of any Lender setting forth any
amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate
within 10 days after receipt thereof. 
 SECTION 2.10. Taxes. (a) Any and all payments under this Agreement shall be
made free and clear of, and without deduction for, withholding Taxes, except to the extent that a Lender has not complied with its obligation to furnish to the Borrower the forms required pursuant to Section 2.10(b). 

(b) Each Lender (including any assignee pursuant to an assignment under Section 8.04) shall furnish to the Borrower on or before the
date such Lender becomes a party to this Agreement one accurate and complete originally executed U.S. Internal Revenue Service Form W-9 or U.S. Internal Revenue Service Form W-8ECI or other form sufficient to establish a complete exemption from U.S.
Federal withholding tax. 
 (c) The Loan Parties shall timely pay to the relevant Governmental Authority in accordance with
applicable law any Other Taxes. 
 (d) The Loan Parties shall indemnify each Lender for the full amount of any Indemnified Taxes
(including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by such Lender or required to be withheld or deducted from a payment to such Lender and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. 

SECTION 2.11. Payments Generally; Sharing of Set-offs. (a) The Borrower shall make each payment required
to be made by it hereunder (whether of principal, interest or fees, or of amounts payable under Section 2.08 or 2.09, or otherwise) prior to 2:00 p.m., New York City time, on the date when due, in immediately available funds, without set off or
counterclaim. Any amounts received after such time on any date may, in the discretion of any Lender, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments made to JPMCB
shall be made to JPMCB at its offices at 10 South Dearborn Street, Chicago, Illinois 60603, and all such payments made to MLPF&S shall be made to MLPF&S at its offices at 101 S. Tryon Street, 14th Floor, Charlotte, North Carolina 28255, except that payments
pursuant to Section 2.08 or 2.09 and 8.03 shall be made directly to the Persons entitled thereto. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business
Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in dollars. 
 (b) If any Lender shall, by exercising any right of set off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans resulting in such Lender receiving
payment of a greater proportion of the aggregate amount of its Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value)
participations in the Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective
Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery,
without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as
consideration for the assignment of any of its Loans to any assignee, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). 

  
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 ARTICLE III 
 Representations and Warranties 
 The Borrower represents and warrants to
the Lenders that: 
 SECTION 3.01. Organization; Powers. Each of the Borrower and its Restricted Subsidiaries is duly
organized, validly existing and in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required. Schedule 3.01 sets forth (a) a
correct and complete list of the name and relationship to the Borrower of each and all of the Borrower’s Subsidiaries, (b) a true and complete listing of each class of each of the Restricted Subsidiaries’ authorized Equity Interests,
of which all of such issued shares are validly issued, outstanding, fully paid and non-assessable, and owned beneficially and of record by the Persons identified on Schedule 3.01, and (c) the type of entity of the Borrower and each of
its Subsidiaries. All of the issued and outstanding Equity Interests owned by any Loan Party have been (to the extent such concepts are relevant with respect to such ownership interests) duly authorized and issued and are fully paid and
non-assessable. 
 SECTION 3.02. Authorization; Enforceability. The Transactions are within each Loan Party’s
corporate or limited liability company powers and have been duly authorized by all necessary corporate, limited liability company and, if required, stockholder action. The Loan Documents to which each Loan Party is a party have been duly executed
and delivered by such Loan Party and constitute a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to applicable Debtor Relief Laws and subject to general principles of equity, regardless of
whether considered in a proceeding in equity or at Law. 
 SECTION 3.03. Governmental Approvals; No Conflicts. The
Transactions (a) except as could not reasonably be expected to have a Material Adverse Effect, do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been
obtained or made and are in full force and effect and except for the filing on or about the Closing Date of one or more current reports on Form 8-K or quarterly reports on Form 10-Q with respect to the Transactions, (b) except as could not
reasonably be expected to have a Material Adverse Effect, will not violate any Law applicable to the Borrower or any of its Restricted Subsidiaries, (c) except as could not reasonably be expected to have a Material Adverse Effect, will not
violate or result in a default under any indenture, agreement or other instrument binding upon the Borrower or any of its Restricted Subsidiaries or its assets (except those as to which waivers or consents have been obtained) and (d) will not
result in the creation or imposition of any Lien on any asset of the Borrower or any of its Restricted Subsidiaries. 
 SECTION
3.04. Financial Condition; No Material Adverse Change. (a) The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholders equity and cash flows as of and for the fiscal year
ended December 31, 2012, reported on by Deloitte & Touche LLP, independent public accountants. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the
Borrower and its consolidated Subsidiaries as of such date in accordance with GAAP. 

  
 23 

 (b) Since December 31, 2012, there has been no development or event which has had or
could reasonably be expected to have a Material Adverse Effect. 
 SECTION 3.05. Properties. (a) Each of the
Borrower and its Restricted Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property, in each case, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect, and
all such property is free of all Liens other than Permitted Liens. 
 (b) The Borrower and each of its Restricted Subsidiaries
owns, has the legal right to use or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property necessary to its business as currently conducted, except where the failure to do so could not reasonably be
expected to have a Material Adverse Effect, and, to the knowledge of the Borrower or any of its Restricted Subsidiaries, the use thereof by the Borrower and its Restricted Subsidiaries does not infringe upon the rights of any other Person except for
such infringements that, in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 3.06.
Litigation and Environmental Matters. (a) There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened against or affecting the Borrower
or any of its Restricted Subsidiaries (i) as to which there is a reasonable probability of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material
Adverse Effect or (ii) that involve this Agreement or the Transactions. 
 (b) Except for any other matters that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, (i) none of the Borrower or any of its Restricted Subsidiaries has received any written or actual notice of any claim with respect to any
Environmental Liability or has knowledge or reason to believe that any such notice will be received or is threatened and (ii) none of the Borrower or any of its Restricted Subsidiaries (1) has, at any time during the last five
(5) years, failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law or (2) has become subject to any Environmental Liability. 

SECTION 3.07. Compliance with Laws. Each of the Borrower and its Restricted Subsidiaries is in compliance with all Laws applicable
to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.08. Investment Company Status. Neither the Borrower nor any of its Restricted Subsidiaries is an “investment company” as defined in, or subject to regulation under, the
Investment Company Act of 1940. 
 SECTION 3.09. Taxes. Each of the Borrower and its Restricted Subsidiaries has timely
filed or caused to be filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate proceedings
and for which the Borrower or such Restricted Subsidiary, as applicable, has set aside on its books adequate reserves to the extent required by GAAP or (b) to the extent that the failure to do so could not be expected to result in a Material
Adverse Effect. 
 SECTION 3.10. ERISA. No ERISA Event has occurred within the previous five (5) years or is
reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. 

  
 24 

 SECTION 3.11. Disclosure. There is no fact now known to the Borrower or any of its
Subsidiaries which has, or could reasonably be expected to have, a Material Adverse Effect which fact has not been set forth herein or in the periodic and other reports filed by the Borrower or any Subsidiary with the SEC, in the financial
statements of the Borrower and its Subsidiaries furnished to the Lenders, or in any certificate, opinion or other written statement made or furnished by any Loan Party to the Lenders. None of the reports, financial statements, certificates or other
information furnished by or on behalf of the Borrower to any Lender in connection with the negotiation of this Agreement or any other Loan Document (as modified or supplemented by other information so furnished) or delivered hereunder contains any
material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading; provided that, with respect to projected
financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time delivered. Notwithstanding anything contained in this Section 3.11, the parties
hereto acknowledge and agree that uncertainty is inherent in any forecasts and projections and that such forecasts and projections do not constitute guarantees of future performance. 

SECTION 3.12. Solvency. (a) As of the Closing Date, immediately after the consummation of the Transactions to occur on the
Closing Date, the Loan Parties, taken as a whole, are and will be Solvent. 
 (b) The Loan Parties on a consolidated basis, will
not (i) have unreasonably small capital in relation to the business in which they are engaged or (ii) have incurred, or believe that they will have incurred after giving effect to the transactions contemplated by this Agreement,
Indebtedness beyond their ability to pay such Indebtedness as it becomes due. 
 SECTION 3.13. Labor Disputes. As of the
Closing Date, there are no labor controversies, strikes, lockouts or slowdowns pending against or, to the knowledge of the Borrower, threatened against or affecting the Borrower or any of its Restricted Subsidiaries (i) which could reasonably
be expected, individually or in the aggregate, to result in a Material Adverse Effect, or (ii) that involve this Agreement or the Transactions. 
 SECTION 3.14. No Default. No Default has occurred and is continuing. 

SECTION 3.15. Federal Reserve Regulations. No part of the proceeds of any Loan have been used, whether directly or indirectly, for
any purpose that entails a violation of any of the regulations of the Board, including Regulations T, U, and X. 
 SECTION 3.16.
[Intentionally Omitted]. 
 SECTION 3.17. OFAC. No Loan Party nor, to the knowledge of any Loan Party, any
Restricted Subsidiary of a Loan Party is currently the subject of any Sanctions. No Loan, nor the proceeds from any Loan, has been or will be used, directly or indirectly, to lend, contribute, provide or has otherwise made available to fund any
activity or business of any Person who is the subject of any Sanctions, or in any other manner that will result in any violation by any Person (including any Lender) of Sanctions. 

  
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 SECTION 3.18. Insurance. The properties of the Loan Parties and their Restricted
Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of the Borrower (other than in the case of any Captive Insurance Company), in such amounts, with such deductibles and covering such risks as are
customarily carried by companies engaged in similar businesses and owning similar properties in localities where the applicable Loan Party or the applicable Restricted Subsidiary operates, including the use of self-insurance plans. 

ARTICLE IV 

Conditions 
 SECTION 4.01. Effectiveness. The obligations of the Lenders to make the Loans hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived
in accordance with Section 8.02): 
 (a) This Agreement shall have been executed and delivered by each of the parties listed
on the signature page hereto. 
 (b) The Subsidiary Guaranty shall have been executed and delivered by each of the parties listed
on the signature pages thereto. 
 (c) All governmental and third party consents and approvals required to have been made or
obtained by the Borrower for the execution, delivery and performance by the Borrower of this Agreement and the issuance, delivery and performance by the Borrower of each of the Loan Documents shall have been made or obtained, as applicable, and
shall be in full force and effect. 
 (d) The Lenders shall have received a favorable written opinion (addressed to the Lenders
and dated the Closing Date) of Wilmer Cutler Pickering Hale and Dorr LLP, counsel to the Borrower, in form and substance reasonably satisfactory to the Lenders and covering such matters relating to the Borrower, the Loan Documents, this Agreement
and the transactions contemplated hereby as the Lenders shall reasonably request. The Borrower hereby requests such counsel to deliver such opinion. 
 (e) The Lenders shall have received such documents and certificates as the Lenders or their counsel may reasonably request, including documents and certificates relating to the organization, existence and
good standing of the Borrower and the authorization of this Agreement and the transactions contemplated hereby and any other legal matters relating to the Borrower, the Loan Documents or this Agreement and the transactions contemplated hereby, all
in form and substance reasonably satisfactory to the Lenders and their counsel. 
 (f) The representations and warranties of the
Loan Parties set forth in the Loan Documents shall be true and correct in all material respects as of the Closing Date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations
and warranties shall be true and correct in all material respects as of such earlier date, no Default or Event of Default shall have occurred and be continuing as of the Closing Date and the Lenders shall have received a certificate, dated the
Closing Date and signed by a Financial Officer of the Borrower, confirming the foregoing. 
 (g) No Default or Event of Default
shall have occurred and be continuing as of the Closing Date. 
 (h) The Lenders shall have received all fees and other amounts
due and payable on or prior to the Closing Date. 

  
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 (i) The Lenders shall have received a notice of borrowing from the Borrower with respect to
the Borrowings to made hereunder on the Closing Date, which notice (i) shall be delivered not later than 1:00 p.m., New York City time, on the Closing Date, (ii) shall specify the aggregate amount of such requested Borrowings and
(iii) the location and number of the Borrower’s account to which funds are to be disbursed. 
 ARTICLE V 

Affirmative Covenants 
 Until the Commitments have expired and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full, the Borrower covenants and agrees with the Lenders that:

 SECTION 5.01. Notices of Material Events. The Borrower will furnish to each Lender prompt written notice (in any
event, within 5 Business Days) upon any Responsible Officer of the Borrower obtaining actual knowledge thereof, of the following: 
 (a) the occurrence of any Default; 
 (b) the filing or commencement of any action,
suit or proceeding by or before any arbitrator or Governmental Authority against or affecting any Loan Party or any Affiliate thereof that has a reasonable probability of an adverse determination and that, if adversely determined, could reasonably
be expected to result in a Material Adverse Effect; 
 (c) the occurrence of any ERISA Event that, alone or together with any
other ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect; and 
 (d) any other
development that results in, or could reasonably be expected to result in, a Material Adverse Effect. 
 Each notice delivered
under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with
respect thereto. 
 SECTION 5.02. Existence; Conduct of Business. The Borrower will, and will cause each of its
Restricted Subsidiaries to, (a) do or cause to be done all things necessary to preserve, renew and keep in full force and effect (i) its legal existence and (ii) the rights, qualifications, licenses, permits, franchises, governmental
authorizations, intellectual property rights, licenses and permits necessary in the conduct of its business, except, with respect to clause (ii), where failure to so maintain could not reasonably be expected to have a Material Adverse Effect;
provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03 of the Revolving Credit Agreement and (b) carry on and conduct its business in substantially the same manner
and in substantially the same fields of enterprise as it is presently conducted (and those ancillary or reasonably related thereto). 
 SECTION 5.03. Payment of Obligations. The Borrower will, and will cause each of its Restricted Subsidiaries to, pay or discharge all Material Indebtedness and all other material liabilities and
obligations, including Taxes, before the same shall become delinquent or in default (subject, where applicable, to specified grace periods), except where the validity or amount thereof is being contested in good faith by appropriate proceedings and
(a) the Borrower or such Restricted Subsidiary has set aside on its books adequate reserves with respect thereto to the extent required by GAAP or (b) the failure to make payment could not reasonably be expected to result in a Material
Adverse Effect. 

  
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 SECTION 5.04. Maintenance of Properties. The Borrower will, and will cause each of
its Restricted Subsidiaries to, keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear and obsolescence excepted. 

SECTION 5.05. Books and Records; Inspection Rights. The Borrower will, and will cause each of its Restricted Subsidiaries to,
(i) keep proper books of record and account in which complete entries in accordance with GAAP are made of all material dealings and transactions in relation to its business and activities and (ii) permit any representatives designated by
any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, including environmental assessment reports and Phase I or Phase II studies, and to discuss its affairs, finances
and condition with its officers, all at such reasonable times and as often as reasonably requested. 
 SECTION 5.06.
Compliance with Laws. The Borrower will, and will cause each of its Restricted Subsidiaries to, comply with all Laws applicable to it or its property (including, without limitation, ERISA and Environmental Laws), except where the failure to
do so could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 5.07. Use of Proceeds. The
proceeds of the Loans will be used for the working capital needs and for other general corporate purposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that
entails a violation of any of the Regulations of the Board, including Regulations T, U and X, or in violation of Section 3.18. 
 SECTION 5.08. Insurance. The Borrower will, and will cause each of its Restricted Subsidiaries to, maintain with financially sound and reputable carriers insurance in such amounts (with no greater
risk retention) as currently maintained by such Persons and against such risks (including loss or damage by fire and other normally insured perils and loss in transit; business interruption; and general liability) and such other hazards, as is
customarily maintained by companies of established repute engaged in the same or similar businesses operating in the same or similar locations (including the use of self-insurance plans). The Borrower will furnish to the Lenders, upon request of the
Lenders, information in reasonable detail as to the insurance so maintained. 
 SECTION 5.09. Subsidiary Guarantors; Further
Assurances. (a) As promptly as possible but in any event by the earlier of (i) thirty (30) days (or such later date as may be agreed upon by the Lenders) after any Person (other than a Receivables Financing SPC) becomes a Material
Restricted Subsidiary or any Subsidiary (other than a Receivables Financing SPC) qualifies independently as, or is designated by the Borrower as, a Subsidiary Guarantor and (ii) the date on which any Person that is not a Subsidiary Guarantor
guarantees the obligations of the Borrower or any Restricted Subsidiary under the Revolving Credit Agreement, the Senior Notes (as defined in the Revolving Credit Agreement) or any other Material Indebtedness of the Borrower or any Restricted
Subsidiary (the date of such creation, designation, qualification or guarantee being the “Trigger Date”), the Borrower shall provide the Lenders with written notice thereof setting forth information in reasonable detail describing
the material assets of such Person and shall, (x) in the case of a Person described in the preceding clause (i), within sixty (60) days (or such later date as may be agreed to by the Lenders) after the Trigger Date or (y) in the case
of a Person described in the preceding clause (ii), on the Trigger Date (or such later date as may be agreed to by the Lenders), cause each such Subsidiary (if such Subsidiary is a wholly-owned Domestic Subsidiary of a Loan Party) to deliver to the
Lenders appropriate joinders to the Subsidiary Guaranty pursuant to which such Subsidiary agrees to be bound by the terms and provisions thereof, such Subsidiary Guaranty to be accompanied by appropriate corporate resolutions, other corporate
documentation and legal opinions in form and substance reasonably satisfactory to the Lenders and their counsel. 

  
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 (b) Without limiting the foregoing, the Borrower will, and will cause each Restricted
Subsidiary to, execute and deliver, or cause to be executed and delivered, to the Lenders such documents, agreements and instruments, and will take or cause to be taken such further actions which may be required by law or which the Lenders may, from
time to time, reasonably request to carry out the terms and conditions of this Agreement and the other Loan Documents, all at the expense of the Borrower. 
 (c) Notwithstanding the provisions of this Section 5.09 to the contrary, so long as no Default or Event of Default has occurred and is then continuing or would result therefrom and the Borrower has
demonstrated compliance on a Pro Forma Basis (after giving effect to such redesignation) with the financial covenants set forth in Section 6.04 to the reasonable satisfaction of the Lenders, the Borrower may (with the reasonable consent of the
Lenders) from time to time designate or change any of its Subsidiaries’ status as a Restricted Subsidiary or an Unrestricted Subsidiary; provided that any Subsidiary that guarantees Material Indebtedness of any Loan Party shall not be an
Unrestricted Subsidiary. 
 ARTICLE VI 
 Negative Covenants 
 Until the Commitments have expired and the principal
of and interest on each Loan and all fees, expenses and other amounts payable under any Loan Document have been paid in full the Borrower covenants and agrees with the Lenders that: 

SECTION 6.01. Revolver and Receivables Facility Availability. The Borrower will not permit, at any time, the sum of (a) the
unused availability under the Revolving Facility (i.e., the “Available Revolving Commitment” under the Revolving Credit Agreement) at such time, plus (b) amounts available to be drawn at such time under any Permitted Receivables
Financing in compliance (including compliance on a Pro Forma Basis) with Section 6.04 and the provisions of the Revolving Credit Agreement, to be less than $325,000,000. 
 SECTION 6.02. Liquidity. The Borrower will not permit the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries (as would be reflected on the consolidated balance sheet
of the Borrower and its consolidated Subsidiaries, determined in accordance with GAAP) to be less than the sum of (i) the aggregate principal amount of the Tranche A-1 Term Loans and (ii) the aggregate principal amount of the Tranche A-2
Term Loans. 
 SECTION 6.03. Acquisitions and Dividends. So long as any Loans are outstanding, the Borrower will
not, and will not permit any Restricted Subsidiary to (a) purchase or acquire (in one transaction or a series of transactions, and whether structured as an acquisition of Equity Interests or assets) a Person or assets of a Person constituting a
business unit, other than Permitted Acquisitions and (b) directly or indirectly, declare, order, make or set apart any sum for or pay any dividend, other than dividends paid by Restricted Subsidiaries ratably with respect to their Equity
Interests. 

  
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 SECTION 6.04. Financial Covenants. 

(a) Leverage Ratio. The Borrower shall not permit the Leverage Ratio as of the end of any fiscal quarter of the Borrower to be
greater than (i) 4.00 to 1.00 for the period beginning on the Effective Date through the earlier of (x) the end of the fiscal quarter in which the Borrower has disposed of at least 90% of the shares of Class A common stock of The
WhiteWave Foods Company owned on the Closing Date, directly or indirectly, by the Borrower, whether through a sale or other disposition, a debt for equity exchange in respect thereof or otherwise and (y) the fiscal quarter ending
December 31, 2014 and (ii) 3.50 to 1.00 for each fiscal quarter ending thereafter. 
 (b) Interest Coverage
Ratio. The Borrower shall not permit the Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00. 
 SECTION 6.05. Sanctions. The Loan Parties will not permit any Loan or the proceeds of any Loan, directly or indirectly, (a) to fund any activity or business of any Person who is the subject of
any Sanctions; or (b) in any other manner that will result in any violation by any Person (including any Lender) of any Sanctions. 
 ARTICLE VII 
 Events of Default 

If any of the following events (“Events of Default”) shall occur: 

(a) Non-Payment of Principal. The Borrower shall fail to pay any principal of any Loan when and as the same shall become due and
payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; 
 (b) Non-Payment of Other
Amounts. The Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause (a) of this Article) payable under this Agreement, when and as the same shall become due and
payable, and such failure shall continue unremedied for a period of three (3) Business Days; 
 (c) Representations and
Warranties. Any representation or warranty made or deemed made by or on behalf of any Loan Party in or in connection with this Agreement or any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report,
certificate, financial statement or other document furnished pursuant to or in connection with this Agreement or any Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been false or incorrect in any
material respect when made or deemed made; 
 (d) Non-Compliance with Specific Covenants. The Borrower shall fail to
observe or perform any covenant, condition or agreement contained in Section 5.01(a), 5.02 (with respect to the Borrower’s existence), 5.07 or in Article VI; 
 (e) Other Non-Compliance. Any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in this Agreement or any other Loan Document (other than those which
constitute a default under another Section of this Article VII), and such failure shall continue unremedied for a period of thirty (30) days after the earlier of a Responsible Officer of the Borrower having knowledge of such breach or notice
thereof from any Lender; 
 (f) Payment Default of Material Indebtedness. The Borrower or any Restricted Subsidiary shall
fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable beyond the period of grace, if any, provided in the instrument or
agreement under which such Material Indebtedness was created; 

  
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 (g) Cross-Default to Material Indebtedness. Any event or condition (other than
(1) any required prepayment of Indebtedness secured by a Permitted Lien that becomes due as the result of the disposition of the assets subject to such Lien so long as such disposition is permitted by the Revolving Credit Agreement,
(2) any required repurchase, repayment or redemption of (or offer to repurchase, repay or redeem) any Indebtedness that was incurred for the specified purpose of financing all or a portion of the consideration for a merger or acquisition
provided that (x) such repurchase, repayment or redemption (or offer to repurchase, repay or redeem) results solely from the failure of such merger or acquisition to be consummated, (y) such Indebtedness is repurchased, repaid or redeemed
in accordance with its terms and (z) no proceeds of the Loans are used to make such repayment, repurchase or redemption or (3) for the avoidance of doubt, any voluntary offer to repurchase, repay or redeem the Senior Notes (as defined in
the Revolving Credit Agreement) or the delivery of a notice with respect thereto) occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the
lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof,
prior to its scheduled maturity; 
 (h) Involuntary Proceedings, Etc. An involuntary proceeding shall be commenced or an
involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of any Loan Party or any Material Restricted Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or
foreign bankruptcy, insolvency, receivership or similar Debtor Relief Law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Loan Party or any Material
Restricted Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered;

 (i) Voluntary Proceedings, Etc. Any Loan Party or any Material Restricted Subsidiary shall (i) voluntarily
commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar Debtor Relief Law now or hereafter in effect, (ii) consent to
the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Article VII, (iii) apply for or consent to the appointment of a receiver, trustee, custodian,
sequestrator, conservator or similar official for any Loan Party or such Material Restricted Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such
proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 
 (j) Inability to Pay Debts. The Borrower or any Restricted Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as they become due; 

(k) Judgments. One or more judgments for the payment of money in an aggregate amount in excess of $50,000,000 (to the extent not
covered by insurance or other creditworthy indemnitor) shall be rendered against the Borrower or any Restricted Subsidiary or any combination thereof and the same shall remain undischarged for a period of thirty (30) consecutive days during
which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any material assets of the Borrower or any Restricted Subsidiary to enforce any such judgment; 

(l) ERISA. An ERISA Event shall have occurred that, when taken together with all other ERISA Events that have occurred, could
reasonably be expected to result in a Material Adverse Effect; 

  
 31 

 (m) Change in Control. A Change in Control shall occur; or 

(n) Invalidity of Loan Documents. Any material provision of any Loan Document for any reason ceases to be valid, binding and
enforceable in accordance with its terms (or any Loan Party shall challenge the enforceability of any Loan Document or shall assert in writing, or engage in any action or inaction based on any such assertion, that any provision of any of the Loan
Documents has ceased to be or otherwise is not valid, binding and enforceable in accordance with its terms); 
 then, and in every such event
(other than an event with respect to the Borrower described in clause (h) or (i) of this Article), and at any time thereafter during the continuance of such event, the Lenders may, by notice to the Borrower, take either or both of the
following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case
any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other
Obligations of the Borrower accrued hereunder and under the other Loan Documents, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case
of any event with respect to the Borrower described in clause (h) or (i) of this Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees
and other Obligations of the Borrower accrued hereunder and under the other Loan Documents, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower
and (iii) exercise any rights and remedies provided to the Lenders under the Loan Documents or at law or equity. 
 ARTICLE
VIII 
 Miscellaneous 
 SECTION 8.01. Notices. 
 (a) Except in the case of notices and other
communications expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed
by certified or registered mail or sent by telecopy, as follows: 
 (i) if to the Borrower, to it at Dean Foods
Corporation, 2711 N. Haskell Avenue, Suite 3400, Dallas, Texas 75204, Attention of Tim Smith, Senior Vice President-Finance and Treasurer (Telecopy No. (214) 721-8800; Telephone No. (214) 303-3713) and (in the case of a notice of Default)
Rachel Gonzalez, Executive Vice President, General Counsel (Telecopy No. (214) 721-8794; Telephone No. (214) 721-1119); 
 (ii) if to JPMCB, to JPMorgan Chase Bank, N.A., Loan and Agency Services, 10 South Dearborn, 7th Floor, Chicago, Illinois 60603, Attention of April Yebd (Telecopy No. (312) 385-7096), with a copy to
JPMorgan Chase Bank, N.A., 10 South Dearborn, 9th Floor, Chicago, Illinois 60603, Attention of Dana Moran (Telecopy No. (312) 212-5914); and 
 (iii) if to MLPF&S, to it at Merrill Lynch, Pierce, Fenner & Smith Incorporated, 101 S. Tryon Street, Charlotte, North Carolina 28255, Attention of ML Loan Operations (Telecopy No.
(866) 475-2315; Email: dg.ml_traded_loan_operations@baml.com), with a copy to Merrill Lynch, Pierce, Fenner & Smith Incorporated, 214 N. Tryon Street, Charlotte, North Carolina 28255, Attention of Information Management Team (Telecopy
No. (704) 409-0768; Email: bas.informanager@bankofamerica.com). 

  
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 All such notices and other communications (i) sent by hand or overnight courier service, or mailed by
certified or registered mail, shall be deemed to have been given when received or (ii) sent by telecopy shall be deemed to have been given when sent; provided that if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next Business Day for the recipient. 
 (b) Notices and other
communications to the Lenders hereunder may be delivered or furnished by electronic communications (including e-mail and internet or intranet websites) pursuant to procedures approved by the Lenders; provided that the foregoing shall not
apply to notices pursuant to Article II unless otherwise agreed by the applicable Lender. Any of the Lenders or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. All such notices and other communications (i) sent to an e-mail address shall be deemed received
upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement); provided that if not given during
the normal business hours of the recipient, such notice or communication shall be deemed to have been given at the opening of business on the next Business Day for the recipient, and (ii) posted to an Internet or intranet website shall be
deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (b)(i) of notification that such notice or communication is available and identifying the website address therefor.

 (c) Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the
other parties hereto. 
 SECTION 8.02. Waivers; Amendments. No failure or delay by any Lender in exercising any right or
power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of such rights preclude any other or further exercise of such right or power, or any abandonment or discontinuance of steps
to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Lenders hereunder and under any other Loan Document are cumulative and are not exclusive of
any rights or remedies that they would otherwise have. Any agreement on the part of a party hereto to any extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party. This Agreement may be amended
or supplemented in any and all respects by written agreement of the parties. No amendment to or modification of any provision of this Agreement shall be binding upon any party unless in writing and signed by all parties. Without limiting the
generality of the foregoing, the making of a Loan shall not be construed as a waiver of any Default, regardless of whether any Lender may have had notice or knowledge of such Default at the time. 

SECTION 8.03. Expenses; Indemnity; Damage Waiver. (a) The Borrower shall pay all reasonable out-of-pocket costs, charges and
expenses incurred by any Lender in connection with the enforcement, collection or protection of its rights in connection with the Loan Documents, including its rights under this Section, including the fees, charges and disbursements of one counsel
for all such Lenders (unless there is an actual or perceived conflict of interest in which case each such Lender may retain its own counsel) and all such out-of-pocket costs, charges and expenses incurred during any workout, restructuring or
negotiations in respect of such Loans. 

  
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 (b) The Borrower shall indemnify each Lender, and each Related Party of any Lender (each
such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, penalties, liabilities and related expenses, including the fees, charges and disbursements of any
counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of the Loan Documents or any agreement or instrument contemplated thereby, the
performance by the parties hereto of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or the use of the proceeds therefrom, (iii) any actual or
alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any
claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any of its Subsidiaries, and regardless of whether any
Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, penalties, liabilities or related expenses (1) are determined by a court of
competent jurisdiction by final and nonappealable judgment to have resulted from (x) the gross negligence or willful misconduct of such Indemnitee or (y) the material breach of any express obligation of an Indemnitee under the Agreement
pursuant to a claim initiated by the Borrower or (2) arise out of any investigation, litigation or proceeding that does not involve an act or omission by the Borrower and solely in connection with a dispute among Indemnitees (except when and to
the extent that one of the parties to such dispute was acting in any agency capacity and, in such case, excepting only such party). This Section 8.03(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims or
damages arising from any non Tax claim. 
 (c) To the extent permitted by applicable law, the Borrower shall not assert, and
hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any
other Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or the use of the proceeds thereof. 
 (d) All amounts due under this Section shall be payable promptly after written demand therefor. 
 SECTION 8.04. Successors and Assigns. Subject to the next sentence, the provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby. None of this Agreement, any of the Loan Documents and any of the rights, interests and obligations hereunder or thereunder shall be assigned or transferred, in whole or in part, by any of the parties without
the prior written consent of the other parties (and any attempted assignment or transfer without such consent shall be null and void) and a completed Assignment and Assumption Agreement in the form attached hereto as Exhibit A;
provided, however, that, without the consent of any other party, each of the Lenders may assign or transfer its rights, interests or obligations hereunder, and may assign or transfer ownership of, and any right, title or interest in or
to, any Loan Documents to (a) any of their respective Affiliates and (b) any other assignee after the applicable Maturity Date with respect to such Lender’s rights, interests and obligations hereunder and any right, title or interest
in or to any Loan Documents, if an Event of Default has occurred and is continuing. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns
permitted hereby and, to the extent expressly contemplated hereby, the Related Parties of the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

  
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 SECTION 8.05. Survival. All covenants, agreements, representations and warranties
made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties
hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that any Lender may have had notice or knowledge
of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable
under this Agreement is outstanding and unpaid and so long as the Commitments have not expired or terminated. The provisions of Sections 2.08, 2.09 or 2.10 and 8.03 shall survive and remain in full force and effect regardless of the consummation of
the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof. 
 SECTION 8.06. Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the Lenders constitute the entire contract among the
parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. This Agreement shall become effective on the Closing Date. 

SECTION 8.07. Severability. Any provision of any Loan Document held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular
provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 SECTION 8.08.
Governing Law; Jurisdiction; Consent to Service of Process. (a)The Loan Documents (other than those containing a contrary express choice of law provision) shall be governed by and construed in accordance with the laws of the State of New
York, but giving effect to federal laws applicable to national banks. 
 (b) Each of the parties hereto hereby irrevocably and
unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County, Borough of Manhattan, and of the United States District Court for the Southern District of
New York, and any appellate court from any thereof in any action or proceeding arising out of or relating to any Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally
agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such
action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the any Lender may
otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or its properties in the courts of any jurisdiction. 

(c) Each of the parties hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so,
any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (b) of this Section. Each of
the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

  
 35 

 (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 8.01. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 8.09. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 8.10. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 
 SECTION 8.11. Confidentiality. Each of the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its
Affiliates’ directors, trustees, officers, employees and agents, including accountants, legal counsel and other advisors who have a need to know such Information in connection with the transactions contemplated by the Loan Documents (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority
(including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by Requirement of Law or by any subpoena or similar legal process, (d) to any other party to this Agreement,
(e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to (i) any assignee of, or any prospective assignee of, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its
advisors) to any swap or derivative transaction relating to the Borrower, its Subsidiaries and their obligations, (g) with the prior consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other
than as a result of a breach of this Section or (ii) becomes available to any Lender on a nonconfidential basis from a source other than the Borrower (which source is not known by such recipient to be in breach of confidentiality obligations to
the Borrower or any Subsidiary). For the purposes of this Section, “Information” means all information received from a Loan Party or any Subsidiary relating to the Loan Parties or any Subsidiary or any of their respective
businesses, other than any such information that is available to any Lender on a nonconfidential basis prior to disclosure by such Loan Party or any Subsidiary (other than any such information received from a source that is known by such recipient
to be in breach of confidentiality obligations to such Loan Party or any Subsidiary). Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if
such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

  
 36 

 EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 8.11 FURNISHED TO IT
PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE BORROWER AND ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC
INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS. 

SECTION 8.12. Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several
and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to
any margin stock for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, neither any Lender shall be obligated to extend credit to the Borrower in violation of any Requirement of
Law. 
 SECTION 8.13. USA PATRIOT Act. Each Lender that is subject to the requirements of the USA Patriot Act (Title III
of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby notifies the Borrower that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies the Borrower,
which information includes the name and address of the Borrower and other information that will allow such Lender to identify the Borrower in accordance with the Act. 
 SECTION 8.14. Disclosure. The Borrower hereby acknowledges and agrees that the Lenders and/or its Affiliates from time to time may hold investments in, make other loans to or have other
relationships with any of the Borrower, its Subsidiaries and their respective Affiliates. 
 SECTION 8.15. Right of
Set-off. After the applicable Maturity Date for any Loans, if an Event of Default has occurred and is continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by
law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of the Borrower or any
Subsidiary Guarantor against any and all of the Obligations held by such Lender, irrespective of whether or not such Lender shall have made any demand under the Loan Documents. The applicable Lender shall notify the Borrower of such set-off or
application; provided that any failure to give or any delay in giving such notice shall not affect the validity of any such set-off or application under this Section. The rights of each Lender under this Section are in addition to other rights and
remedies (including other rights of set-off) which such Lender may have. 
 SECTION 8.16. Release of Subsidiary
Guarantors. 
 (a) A Subsidiary Guarantor shall automatically be released from its obligations under the Subsidiary Guaranty
upon the consummation of any transaction permitted by this Agreement as a result of which such Subsidiary Guarantor ceases to be a Subsidiary; provided that, if so required by this Agreement, the Lenders shall have consented to such
transaction and the terms of such consent shall not have provided otherwise. In connection with any termination or release pursuant to this Section, the Lenders shall execute and deliver to any Loan Party, at such Loan Party’s expense, all
documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by any Lender. 

  
 37 

 (b) Further, the Lenders may, upon the request of the Borrower, release any Subsidiary
Guarantor from its obligations under the Subsidiary Guaranty if such Subsidiary Guarantor is no longer a Domestic Subsidiary. 

(c) At such time as the principal and interest on the Loans, the fees, expenses and other amounts payable under the Loan Documents and the
other Obligations (other than obligations under any Swap Agreement or any Banking Services Agreement (as defined in the Revolving Credit Agreement), and other Obligations expressly stated to survive such payment and termination) shall have been paid
in full in cash and the Commitments shall have been terminated, the Subsidiary Guaranty and all obligations (other than those expressly stated to survive such termination) of each Subsidiary Guarantor thereunder shall automatically terminate, all
without delivery of any instrument or performance of any act by any Person. 
 [Signature Pages Follow] 

  
 38 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first above written. 
  

			
	DEAN FOODS COMPANY,
		
	By:	 	/s/ Timothy A. Smith
	Name: Timothy A. Smith
	Title: Senior Vice President, Finance and Treasurer

  
 Signature Page
to Loan Agreement 
 Dean Foods Company 

 
			
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	/s/ Dana J. Moran
	Name: Dana J. Moran
	Title: Vice President

  
 Signature Page
to Loan Agreement 
 Dean Foods Company 

 
			
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as a Lender
		
	By:	 	/s/ Matt Holbrook
	Name: Matt Holbrook
	Title: Director

  
 Signature Page
to Loan Agreement 
 Dean Foods Company 

 SCHEDULE 2.01 
 COMMITMENTS 
  

									
	 Lender
	  	Tranche A-1
Term Loan	 	  	Tranche A-2
Term Loan	 
	 JPMORGAN CHASE BANK, N.A.
	  	$	272,500,000	  	  	$	40,875,000	  
	 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
	  	$	272,500,000	  	  	$	40,875,000	  
	 Total
	  	$	545,000,000	  	  	$	81,750,000	  

 EXHIBIT A 
 ASSIGNMENT AND ASSUMPTION 
 This Assignment and Assumption (the
“Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the
“Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Loan Agreement identified below (as amended, the “Loan Agreement”), receipt of a copy of which is hereby
acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

 For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby
irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Loan Agreement, as of the Effective Date as contemplated below (i) all of the Assignor’s rights and
obligations in its capacity as a Lender under the Loan Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and
obligations of the Assignor under the respective facilities identified below (including any letters of credit, guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law,
all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Loan Agreement, any other documents or instruments delivered
pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to
the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned
Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

 

					
			
	 1.        
	  	Assignor:	  	
			
	 2.
	  	Assignee:	  	[and is an Affiliate of [identify Lender]1]
			
	 3.
	  	Borrower(s):	  	Dean Foods Company
			
	 4.
	  	Loan Agreement:        	  	The Loan Agreement dated as of July 11, 2013, among Dean Foods Company, as the Borrower and JPMorgan Chase Bank, N.A. and Merrill Lynch, Pierce, Fenner & Smith Incorporated,
as Lenders
			
	 5.
	  	Assigned Interest:	  	

  

	1 	Select as applicable. 

  
 Exhibit A

									
	 Aggregate Amount of

Commitment/Loans for
 all Lenders
	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage
Assigned of
Commitment/Loans2	 
	 $
	  	$	 	  	  	 	%	  
	 $
	  	$	 	  	  	 	%	  
	 $
	  	$	 	  	  	 	%	  

 Effective Date:
                    , 20     [TO BE INSERTED BY LENDER AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE
REGISTER THEREFOR.] 
 The Assignee agrees to deliver to the Lender a completed Administrative Questionnaire in which the Assignee designates
one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Borrower,[, the Loan Parties] and [its] [their] related parties or their respective securities) will be made available
and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including Federal and state securities laws. 
 The terms set forth in this Assignment and Assumption are hereby agreed to: 
  

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	 
		 	Title
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	 
		 	Title

  

	2 	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

  
 Exhibit A

			
	[Consented to:]3
	
	DEAN FOODS COMPANY
		
	By	 	 
		 	Title

  

	3 	To be added only if the consent of the Borrower is required by the terms of the Loan Agreement. 

  
 Exhibit A

 ANNEX 1 
 [                            ]4 

STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 
 1. Representations and Warranties. 

1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned
Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and
to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Loan Agreement or any other Loan Document,
(ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other
Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 

1.2 Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Loan Agreement, (ii) it satisfies the requirements, if any, specified in the Loan Agreement
that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Loan Agreement as a Lender thereunder and, to the extent
of the Assigned Interest, shall have the obligations of a Lender thereunder, and (iv) it has received a copy of the Loan Agreement, together with copies of the most recent financial statements delivered pursuant to Section 3.04 thereof, as
applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such
analysis and decision independently and without reliance on any Lender; and (b) agrees that (i) it will, independently and without reliance on the Assignor or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents
are required to be performed by it as a Lender. 
 2. Payments. From and after the Effective Date, the Lender shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have
accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be binding
upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Acceptance and adoption
of the terms of this Assignment and Assumption by the Assignee and the Assignor by Electronic Signature or delivery of an executed counterpart of a 
 signature page of this Assignment and Assumption by any Electronic System shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and
Assumption shall be governed by, and construed in accordance with, the law of the State of New York. 
  

	4 	Describe Loan Agreement at option of Lender. 

  
 Exhibit A

 4. Definitions. As used herein, “Electronic
Signature” means an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract or record and “Electronic
System” means any electronic system, including e-mail, e-fax, Intralinks®, ClearPar® and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by a
Lender and any of its respective Related Parties or any other Person, providing for access to data protected by passcodes or other security system. 

  
 Exhibit AEX-10.95

 Exhibit 10.95 
 PURCHASE AND SALE AGREEMENT 
  

	 	1.	IDENTIFICATION OF PARTIES. 

 THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is entered into as of May 21, 2013, by and between SPUSV5 STERLING PLAZA, LP, a Delaware limited partnership
(“Seller”), and KBSIII STERLING PLAZA, LLC, a Delaware limited liability company (“Purchaser”). 
  

	 	2.	DESCRIPTION OF THE PROPERTY. 

 Seller agrees to sell, assign and convey to Purchaser, and Purchaser agrees to purchase from Seller, all of Seller’s right, title and interest in and to the following: 

(a)      That certain real property located at East 5949 Sherry Lane,
Dallas, Texas, more particularly described on Exhibit A attached hereto and incorporated herein by this reference (the “Land”), together with any improvements located thereon including, without limitation, all buildings,
structures and facilities (the “Improvements”); 

(b)      All of Seller’s interest as lessor in all leases covering the
Land and Improvements identified on the Schedule of Leases attached hereto as Exhibit B (said leases, together with any and all amendments, modifications or supplements thereto and guaranties thereof, are hereinafter referred to collectively
as the “Leases”), together with all leases of the Real Property hereafter entered into by Seller in accordance with the terms and conditions of this Agreement; 

(c)      All rights, privileges, easements and appurtenances to the Land
and the Improvements, if any, including, without limitation, all of Seller’s right, title and interest, if any, in and to all mineral and water rights and all easements, rights-of-way and other appurtenances used or connected with the
beneficial use or enjoyment of the Land and the Improvements (the Land, the Improvements and all such easements and appurtenances (including, without limitation, Seller’s interest as lessor under the Leases) are sometimes collectively
hereinafter referred to as the “Real Property”); 

(d)      All furniture, appliances, equipment, personal property and
fixtures (if any) owned by Seller and located on the Real Property including, but not limited to, those items listed on Exhibit L attached hereto (the “Personal Property”); 

(e)      To the extent assignable without consent, all non-exclusive
trademarks and trade names (if any) used or useful in connection with the Real Property, but only to the extent that the same are not trademarks or trade names of Seller or any of Seller’s affiliated companies (collectively, the “Trade
Names”), together with Seller’s interest (if any) in and to those service contracts described on Exhibit J being specifically assigned to Purchaser and any guarantees, licenses, approvals, certificates, permits and warranties
relating to the Property, and other intangible property relating to the Real Property, including, without limitation, the webnames pertaining to the Real Property (including 

 
the domain name sterlingplazadallas.com, but expressly excluding all information contained on Seller’s website pertaining to the Real Property), all to the extent assignable
(collectively, the “Intangible Property”). (The Real Property, the Leases, the Personal Property, the Trade Names and the Intangible Property are sometimes collectively hereinafter referred to as the “Property”);

 Notwithstanding the foregoing, and for avoidance of doubt, the Property does not include the
following (the “Excluded Property”) (a) any trademarks, trade names, service marks or other intangible property of any kind or nature owned directly or indirectly by any Affiliate (as hereinafter defined) of Seller or any
Affiliate of any such Affiliate (other than Seller) or owned by any of the tenants, contractors or licensees of Seller or the Real Property; (b) any right to the use of the service mark or expression “5-Star Service” or “5-Star
Worldwide” (or any derivation thereof, or any substantially similar term) to describe the services which Purchaser, as landlord under the Leases or under any other leases, provides or will provide to tenants; (c) intentionally omitted;
(d) any computer software which either is licensed to Seller or which Seller deems proprietary; (e) all of Seller’s right and interest in and to all rents, charges and other income accruing under the Leases for any period prior to and
including the date of Closing; (f) any property owned by any leasing or managing agent for the Real Property, any direct or indirect beneficial owner or other Affiliate of Seller or any Affiliate of any such agent, other than Seller, or by
tenants, contractors or licensees; (g) all rights and interests of Seller under that certain Settlement Agreement and Release, dated October 26, 2012, among RealNet Properties, Ltd., Jody Lane and Seller; (h) except or provided in
Section 16, all rights, claims and interests of Seller in, to and under all insurance policies maintained by Seller; (i) cash and accounts; and (j) and any and all “Proprietary Materials” (as hereinafter defined). For
purposes of this Agreement, the following terms shall heave the following meanings: 

(i)        “Affiliate” means, with
respect to any specified Person (as hereinafter defined), any other Person that (1) directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the specified Person; (2) is a
partner, member, manager, director, officer or trustee of the specified Person or of any Person covered by clause (1) above or clause (3) below; or (3) is a partner of a partnership or joint venture or member of a limited liability
company that owns, or is a beneficiary or trustee of a trust that owns, or other owner of any stock or other evidences of beneficial ownership in, the specified Person or any Person who directly or indirectly through one or more intermediaries
controls, or is controlled by or under common control with, the specified Person (for purposes of this definition, the term “control” means the possession, directly or indirectly, of the power to direct or to cause the direction of the
management and policies of a Person, whether through the ownership of voting stock, beneficial interests or partnership interests, by contract or otherwise); 

(ii)        “Person” shall mean any
natural person, corporation, general partnership, limited partnership, limited liability company, joint stock company, 

  
 - 2 -

 
joint venture, proprietorship, trust, association, governmental authority or other entity, enterprise, authority or business organization; and 

(iii)      “Proprietary Materials” shall mean any
appraisals, budgets, strategic plans for the Real Property, analyses, (whether prepared internally or by consultants), information regarding the marketing of the Real Property for sale, submissions relating to Seller’s obtaining of trust,
corporate or partnership authorization, attorney and accountant work product, attorney-client or other privileged documents, or other information in the possession or control of Seller or Seller’s asset manager that Seller deems confidential or
proprietary, all of which shall be deemed confidential for purposes of this Agreement. Without limiting the foregoing, “Proprietary Materials” includes all of Seller’s content on the following website:
http://www.sterlingplazadallas.com; provided, however, notwithstanding the foregoing, “Proprietary Materials” do not include any documents or information that are delivered or made available to Purchaser by Seller that
are referenced on Exhibits C or M attached hereto. 
 Purchaser acknowledges that Seller has informed Purchaser
that: (a) an Affiliate of Seller parent has created a program to describe the services which Seller and its Affiliates provide to the tenants of properties owned by Seller and those Affiliates, and has named such program “5-Star
Service” or “5-Star Worldwide”; (b) Seller and its Affiliates have expended significant sums of money to develop its 5-Star Service program; and (c) Seller and its Affiliates intend at all times that the expressions 5-Star
Service and 5-Star Worldwide be proprietary. Any unauthorized use of the expression 5-Star Service or 5-Star Worldwide to describe property related services for tenants of any property owned by Purchaser or any affiliate of Purchaser may cause
damage to Seller or its Affiliates. Accordingly, Purchaser covenants that it shall not use the term 5-Star Service or 5-Star Worldwide in connection with Purchaser’s ownership of the Property. Purchaser agrees that damages are an inadequate
remedy for any breach by it of this paragraph, and that Seller and any of Seller’s Affiliates are entitled to injunctive relief for any breach of this paragraph. Such Affiliates of Seller are express third party beneficiaries of this paragraph,
which shall survive Closing. 
  

	 	3.	THE PURCHASE PRICE. 

 The purchase price for the Property is Seventy-Three Million Five Hundred Thousand Dollars ($73,500,000.00) (the “Purchase Price”) and shall be paid to Seller by Purchaser at the Closing
(as that term is defined in Section 14 below) as follows: 

(a)      Within one (1) business day after execution of this Agreement
by all parties, Purchaser shall deposit in escrow with Lawyers Title Company, whose mailing address is 4100 Newport Place Drive, Suite 120, Newport Beach, California 92660, Attention: Joy Eaton; Telephone: (949) 724-3145, Facsimile:
(949) 271-5762, in its capacity as escrow agent (“Escrow Agent”) an initial earnest money deposit in immediately available funds in the amount of Two Hundred Fifty Thousand Dollars ($250,000.00) (the “Initial
Deposit”). 

  
 - 3 -

 (b)      Within one
(1) business day after the end of the Due Diligence Period (as defined in Section 5(a) below), if this Agreement continues in effect in accordance with its terms, Purchaser shall deposit in escrow with Escrow Agent an additional
earnest money deposit in immediately available funds in the amount of One Million Dollars ($1,00,000.00) (the “Additional Deposit”). Until the Additional Deposit has been made, references in this Agreement to the “Deposit”
shall mean the Initial Deposit. Once the Additional Deposit has been made, references in this Agreement to the “Deposit” shall mean the Initial Deposit and the Additional Deposit. All references to the Deposit shall include all interest
accrued thereon. 
 (c)      The Deposit paid by Purchaser
pursuant to the terms hereof shall be held by Escrow Agent in an interest bearing account insured by the federal government in an institution as directed by Purchaser and reasonably acceptable to Seller. If the purchase and sale of the Property is
consummated as contemplated hereunder, the Deposit plus all interest accrued thereon shall be paid to Seller and credited against the Purchase Price. If the purchase and sale of the Property is not consummated because of the failure of any
Purchaser’s Condition Precedent (as defined in Section 9 below) or any other reason except for a default under this Agreement on the part of Purchaser, the Deposit plus all interest accrued thereon shall be immediately refunded to
Purchaser. If the purchase and sale of the Property is not consummated because of a default under this Agreement on the part of Purchaser, the Deposit plus all interest accrued thereon shall be paid to and retained by Seller pursuant to
Section 17(b) below. Notwithstanding anything to the contrary in this Agreement, if this Agreement terminates or the Closing fails to occur, for any reason other than Purchaser’s default under this Agreement, the Deposit shall be
promptly returned to Purchaser. 
 (d)      The balance of the
Purchase Price over and above the amounts paid by or credited to Purchaser pursuant to Sections 3(a), (b) and (c) above shall be paid to Seller by wire transfer of immediately available funds at the Closing, plus
or minus all prorations and adjustments as provided herein. 

(e)      Additionally, at the same time as the deposit of the Initial
Deposit with the Escrow Holder, Purchaser shall deliver to Seller in cash the sum of One Hundred Dollars ($100.00) (the “Independent Contract Consideration”) which amount has been bargained for and agreed to as consideration for
Purchaser’s exclusive option to purchase the Real Property and the right to inspect the Real Property as provided herein, and for Seller’s execution and delivery of this Agreement. The Independent Contract Consideration is in addition to
and independent of all other consideration provided in this Agreement, and is nonrefundable in all events. 
  

	 	4.	TITLE. 

 (a)      Seller has provided Purchaser a Texas T-7 Form commitment to issue an owner’s policy of title insurance pertaining to the Real Property (the
“Commitment”) prepared by Commonwealth Land Title Insurance Company, whose mailing address is 888 South Figueroa Street, Suite 2100, Los Angeles, CA 90017, Attention: Don Hallman, Telephone: (213) 330-3048, Facsimile:
(213) 330-3085 (the “Title Company”), together 

  
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with copies of all documents relating to the title exceptions referred to in such Commitment. At Purchaser’s option, Purchaser may coordinate all title matters directly with Bill Shebesta of
the Title Company, whose address is 888 South Figueroa Street, Suite 2100, Los Angeles, CA 90017; Telephone: (213) 330-3049, Facsimile: (213) 330-3120. Seller’s Title Company contact and Buyer’s Title Company contact shall enter
into a sharing arrangement pursuant to which they shall share credit for all of the title insurance premiums payable in connection with the issuance of the Approved Title Policy (as defined in Section 4(c) below) so that Seller’s
Title Company contact (Don Hallman) receives credit for 1/2 of the title insurance premiums and Buyer’s Title Company contact receives credit for 1/2 of the title insurance premiums. Seller acknowledges and agrees that Purchaser shall have the
right to procure “re-insurance” with respect to the Approved Title Policy to be issued at Closing by other Affiliates of Fidelity National Title Insurance Company at no cost to Seller or adjustment of the premium allocation described
above. 
 (b)      Seller has delivered to Purchaser a copy of
Seller’s updated survey of the Real Property (the “Survey”). The Survey, and any updates thereto, shall be at Purchaser’s sole cost and expense. 

(c)      As soon as possible after the execution of this Agreement,
Purchaser shall confer with the Title Company and attempt to resolve title matters which Purchaser might otherwise disapprove. If Purchaser is dissatisfied with the condition of title or any matter shown on the Survey, Purchaser shall have the right
to terminate this Agreement by delivering written notice of such election to Seller on or before of 5:00 p.m. (Los Angeles, CA time) on May 21, 2013 (“Title Due Diligence Expiration Date”), in which case the Deposit, plus all
interest accrued thereon, shall be immediately refunded to Purchaser. Any exception shown on the Title Commitment that Seller or the Title Company have not agreed to remove or insure over as of the Title Due Diligence Expiration Date shall be deemed
approved by Purchaser and shall constitute a “Permitted Exception” hereunder. Notwithstanding the foregoing, Purchaser shall have the right to approve or disapprove, in its sole and absolute discretion, as Permitted Exceptions any
title matters which are first disclosed in writing to Purchaser after the Title Due Diligence Expiration Date. Notwithstanding the foregoing, Purchaser and Seller agree that (i) all non-delinquent property taxes and assessments, (ii) the
rights of the tenants under the Leases, as tenants only, without any option to purchase or acquire an interest in the Property, (iii) inchoate lien rights out of any work (including labor, services, materials and equipment performed or
supplied, as applicable in connection therewith) in connection with any tenant improvements for which Purchaser is receiving a credit under Section 13(a)(v), or any capital improvements for which Purchaser is receiving a credit under
Section 13(a)(vii), in the amounts correctly referenced in the contractor’s certificate(s) required to be delivered to Purchaser pursuant to the provisions of Section 10(d) below, and (iv) all matters created by or
on behalf of Purchaser, including, without limitation, any documents or instruments to be recorded as part of any financing for the acquisition of the Property by Purchaser, shall constitute “Permitted Exceptions.” Notwithstanding the
foregoing, Seller shall cause any mortgages created or assumed by, through or under Seller to be cancelled of record. Seller shall execute at Closing an owner’s affidavit and any other documents, undertakings or agreements required by the Title
Company to issue an extended coverage Owner’s Policy of Title 

  
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Insurance (Form T-1) issued by the Title Company as of the date and time of the recording of the Deed (as defined below), in the amount of the Purchase Price, insuring Purchaser as owner of good,
marketable and indefeasible fee simple title to the Real Property, and subject only to the Permitted Exceptions for the Real Property (the “Approved Title Policy”). Notwithstanding anything stated to the contrary herein, except as
expressly provided in clause (iii) in Section 4(c) above, Permitted Exceptions shall not include any mechanic’s liens affecting the Property other than exceptions taken by the Title Company for mechanic’s liens that might
be filed against the Property arising from work of improvements that remain unpaid and for which Buyer receives a credit concurrently with the Closing. Nothing contained in the preceding sentence is intended to obligate Seller to remove or insure
over any mechanic’s liens unless Seller agrees in writing to do so. 

(d)      Seller shall, at no cost, expense or liability to Seller,
cooperate with Purchaser’s efforts to obtain an estoppel certificate or estoppel certificates from each declarant, association, committee, agent and/or other person or entity having governing or approval rights under any declaration of
covenants, conditions and restrictions or similar instrument governing or affecting the use, operation, maintenance, management or improvement of the Real Property as described in the schedule attached as Exhibit T hereto (each a
“CC&R Estoppel”). In no event shall Purchaser’s receipt of any CC&R Estoppel be a condition precedent to any of Purchaser’s obligations under this Agreement, nor shall failure to obtain any CC&R Estoppel be a
breach or default of Seller under this Agreement. 
  

	 	5.	 DUE DILIGENCE INSPECTIONS. 

(a)      As used in this Agreement, the term “Due Diligence
Period” shall mean the period from the date hereof until 5:00 p.m. Los Angeles, California time on May 21, 2013. During the Due Diligence Period and thereafter through Closing, and with reasonable advance notice to Seller, Purchaser,
its agents and representatives shall be entitled to enter onto the Real Property during reasonable business hours (subject to the rights of tenants in possession) to perform inspections and tests of the Property and the structural and mechanical
systems within any Improvements and interview tenants with Seller having the right to be present during any such tenant interviews; provided, however, that in no event shall (i) such inspections or tests unreasonably disrupt or
disturb the on-going operation of the Property or the rights of the tenants at the Property, or (ii) Purchaser or its agents or representatives drill or bore on or through the surface of the Property or perform any invasive testing without
Seller’s prior written consent, which consent may be given or withheld in Seller’s sole and absolute discretion. After making such tests and inspections, Purchaser agrees to promptly restore the Property to its condition prior to such
tests and inspections (which obligation shall survive the Closing or any termination of this Agreement). Prior to Purchaser entering the Property to conduct the inspections and tests described above, Purchaser shall obtain and maintain, and shall
cause each of its contractors and agents to maintain, at Purchaser’s sole cost and expense, general liability insurance, in the amount of One Million Dollars ($1,000,000) combined single limit for personal injury and property damage per
occurrence, such policies to name Seller and Seller’s property manager as additional insured parties, which 

  
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insurance shall provide coverage against any claim for personal liability or property damage caused by Purchaser or its agents, employees or contractors in connection with any entering of the
Property. If Purchaser terminates this Agreement (other than as a result of a default by Seller), then, upon request from Seller (and only if and to the extent so requested), Purchaser agrees to promptly deliver to Seller copies of all final
third-party reports, studies and results of physical tests and investigations obtained or conducted on behalf of Purchaser with respect to the Property provided that all such reports shall be provided without any representations and warranties on
the part of Purchaser of any kind regarding the accuracy or thoroughness of the information contained in the materials delivered to Seller and subject to the confidentiality provisions contained therein. Purchaser’s obligation to restore the
Property and Purchaser’s delivery obligation under the preceding sentence shall survive any termination of this Agreement. 
 (b)      Purchaser agrees to keep the Property free from all liens and agrees to indemnify, defend, and hold harmless Seller, and Seller’s officers, directors,
shareholders, beneficiaries, members, partners, agents, employees and attorneys, and their respective successors and assigns, from and against all claims, actions, losses, liabilities, damages, costs and expenses (including, but not limited to,
attorneys’ fees and costs) incurred, suffered by or claimed against Seller by reason of any damage to the Property or injury to persons caused by Purchaser and/or its agents, employees or contractors in connection with entering the Property;
provided, however, that the indemnity set forth in this Section 5(b) shall not apply (i) to pre-existing conditions at the Property (except to the extent that Purchaser and/or its agents, representatives, employees or
contractors exacerbate such pre-existing condition, in which case the indemnity set forth in this Section 5(b) shall apply to the extent of such exacerbation), or (ii) to any loss arising from Seller’s own negligence or willful
misconduct. This indemnity shall survive the Closing or any termination of this Agreement. 

(c)      Purchaser acknowledges receipt of the documents listed on
Exhibit C relating to the Property (to the extent the same are in Seller’s possession or control), subject to the confidentiality provisions of this Agreement. The originals (and where originals are not available, copies) of all such
documents shall become the property of Purchaser upon Closing. Upon Closing, Seller may retain copies of such documents which Seller may make at Seller’s sole cost and expense. Purchaser acknowledges and agrees that, except as expressly set
forth herein, Seller makes no representations or warranties of any kind regarding the accuracy or thoroughness of the information contained in the materials delivered to Purchaser. Purchaser has informed Seller that Purchaser is required by law to
complete with respect to certain matters relating to the Property an audit commonly known as a “3-14” Audit (“Purchaser’s 3-14 Audit”). In connection with the performance of Purchaser’s 3-14 Audit, Seller shall
during the Due Diligence Period deliver to Purchaser, in addition to the documents listed on Exhibit C, (i) the documents which are described on Exhibit M attached hereto, to the extent in existence and in Seller’s possession
(collectively, “Purchaser’s 3-14 Audit Documents”) and (ii) provide to Purchaser in written form, answers to such questions relating to the Property which are set forth in Exhibit M, to the extent such information
is in existence and in Seller’s possession. Additionally, Seller covenants to cooperate with Purchaser and to make available to Purchaser (at no cost or expense to Seller) all 

  
 - 7 -

 
information needed to evaluate and answer questions for the completion of Purchaser’s 3-14 Audit. Seller shall have no liability to Purchaser or Purchaser’s auditors in connection with
Purchaser’s 3-14 Audit and/or Purchaser’s 3-14 Audit Documents. 

(d)      During the Due Diligence Period and thereafter through Closing,
and with reasonable advance notice to Seller, Purchaser, its agents and representatives shall be entitled to inspect, during Seller’s regular business hours, any other material documents relating to the Property (if any) in Seller’s
possession (provided, however, that, Seller makes no representations or warranties of any kind regarding the accuracy or thoroughness of the information contained in such documents), excluding, however, any Proprietary
Materials. 
 (e)      Purchaser may at any time during the Due
Diligence Period terminate this Agreement in its sole and absolute discretion, by sending to Seller and Escrow Agent written notice indicating Purchaser’s election to so terminate the Agreement. If Purchaser terminates this Agreement during the
Due Diligence Period, the Deposit, plus all interest accrued thereon, shall be immediately refunded to Purchaser. Purchaser’s failure to terminate this Agreement prior to the expiration of the Due Diligence Period in accordance with the
provisions of this Section 5 shall be deemed Purchaser’s election to proceed with the transaction contemplated pursuant to this Agreement and the only remaining contingencies to Purchaser’s obligation to consummate the
transaction contemplated herein shall be Purchaser’s Conditions Precedent as set forth in Section 9(a) below. “Disclosure Materials” means all matters of record against the Property disclosed by the Commitment, the
documents listed on Exhibit C (to the extent delivered to Purchaser in a “war room” website to which Purchaser is granted access or otherwise prior to the expiration of the Due Diligence Period), any disclosures in writing by or on
behalf of Seller delivered to Purchaser prior to the expiration of the Due Diligence Period and all other matters actually known by Purchaser prior to the expiration of the Due Diligence Period), and as disclosed in the tenant estoppel certificates
delivered to Purchaser pursuant to Section 9(a) below. 

(f)      AS A MATERIAL INDUCEMENT TO THE EXECUTION AND DELIVERY OF THIS
AGREEMENT BY SELLER, EXCEPT FOR CLAIMS AGAINST SELLER BASED (I) UPON A BREACH OF ANY REPRESENTATION OR WARRANTY MADE BY SELLER IN SECTIONS 6 AND 18 OF THIS AGREEMENT OR ANY INSTRUMENT EXECUTED BY SELLER AND DELIVERED BY SELLER TO
PURCHASER AT CLOSING, OR (II) UPON ANY OBLIGATIONS OR LIABILITIES OF SELLER EXPRESSLY PROVIDED IN THIS AGREEMENT OR ANY INSTRUMENT EXECUTED BY SELLER AND DELIVERED BY SELLER TO PURCHASER AT CLOSING, OR (III) SELLERS’ FRAUD, PURCHASER
FOR ITSELF AND ITS SUCCESSORS AND ASSIGNS AND ANYONE CLAIMING BY, THROUGH OR UNDER PURCHASER HEREBY FULLY AND IRREVOCABLY RELEASES SELLER AND SELLER’S OFFICERS, DIRECTORS, SHAREHOLDERS, BENEFICIARIES, MEMBERS, PARTNERS, AGENTS, EMPLOYEES AND
ATTORNEYS, AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS, FROM ANY AND ALL CLAIMS THAT IT MAY NOW HAVE OR HEREAFTER ACQUIRE AGAINST SELLER AND SELLER’S OFFICERS, DIRECTORS, SHAREHOLDERS, 

  
 - 8 -

 
BENEFICIARIES, MEMBERS, PARTNERS, AGENTS, EMPLOYEES AND ATTORNEYS, AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS, FOR ANY ACTION, CAUSE OF ACTION, CLAIM, COST, DAMAGE, DEMAND, EXPENSE (INCLUDING,
WITHOUT LIMITATION, ATTORNEYS’ FEES AND EXPENSES), FINE, JUDGMENT, LIABILITY, LIEN, LOSS, OR PENALTY, WHETHER FORESEEN OR UNFORESEEN, DIRECT OR INDIRECT, PAST, PRESENT OR FUTURE (COLLECTIVELY, “RELEASED CLAIMS”), ARISING FROM
OR RELATED TO THE PHYSICAL CONDITION OF THE PROPERTY INCLUDING, WITHOUT LIMITATION, ANY CONSTRUCTION DEFECTS, ERRORS OR OMISSIONS ON OR IN THE PROPERTY, COMPLIANCE WITH ANY LAWS, THE PRESENCE, DISCOVERY OR REMOVAL OF ENVIRONMENTALLY HAZARDOUS, TOXIC
OR DANGEROUS SUBSTANCES, OR ANY OTHER CONDITIONS (WHETHER PATENT, LATENT OR OTHERWISE) AFFECTING THE PROPERTY, OR ANY LAW OR REGULATION APPLICABLE THERETO, INCLUDING, WITHOUT LIMITATION, (I) ANY AND ALL RIGHTS PURCHASER MAY NOW OR HEREAFTER
HAVE TO SEEK CONTRIBUTION FROM SELLER UNDER THE COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION AND LIABILITY ACT OF 1980 (“CERCLA”), AS AMENDED BY THE SUPERFUND AMENDMENTS AND REAUTHORIZATION ACT OF 1986 (42 U.S.C.A. § 9613), AS
THE SAME MAY BE FURTHER AMENDED OR REPLACED BY ANY SIMILAR LAW, RULE OR REGULATION, (II) ANY AND ALL CLAIMS, WHETHER KNOWN OR UNKNOWN, NOW OR HEREAFTER EXISTING, WITH RESPECT TO THE PROPERTY UNDER SECTION 107 OF CERCLA (42 U.S.C.A.
§ 9607), AND (III) ANY AND ALL CLAIMS, WHETHER KNOWN OR UNKNOWN, BASED ON NUISANCE, TRESPASS OR ANY OTHER COMMON LAW OR STATUTORY PROVISIONS. PURCHASER FURTHER ACKNOWLEDGES AND AGREES THAT THIS RELEASE SHALL BE GIVEN FULL FORCE AND
EFFECT ACCORDING TO EACH OF ITS EXPRESSED TERMS AND PROVISIONS, INCLUDING, BUT NOT LIMITED TO, THOSE RELATING TO UNKNOWN AND SUSPECTED CLAIMS, DAMAGES AND CAUSES OF ACTION. 

The foregoing waivers and releases by Purchaser shall survive the Closing and the recordation of the Deed and shall not
be deemed merged into the Deed upon its recordation. 

(g)      If during the Due Diligence Period, either Seller or Purchaser
discover any error or omission in any of the exhibits or schedules attached to this Agreement, and if both parties acknowledge such error or omission, then the exhibits and schedules shall be modified to correct such error or omission and this
Agreement shall be amended to replace the original exhibits and schedules with the modified exhibits and schedules; provided, however, that no change will be permitted to Exhibit G, Exhibit N or Exhibit O unless any party whose obligations would be
increased thereby approves such change. 
  

	 	6.	REPRESENTATIONS AND WARRANTIES OF SELLER. 

 Seller represents and warrants to Purchaser that the following matters are true and correct as of the execution of this Agreement and as of the Closing: 

  
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 (a)      Seller is a limited
partnership, duly formed, validly existing and in good standing under the laws of the State of Delaware. Seller has the full right and authority to enter into this Agreement and to transfer all of the Property and to consummate or cause to be
consummated the transaction contemplated by this Agreement. The person signing this Agreement on behalf of Seller is authorized to do so. 
 (b)      This Agreement is, and all the documents executed by Seller which are to be delivered to Purchaser at the Closing will be, duly authorized, executed, and delivered
by Seller, and is and will be legal, valid, and binding obligations of Seller enforceable against Seller in accordance with their respective terms (except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency,
moratorium and other principles relating to or limiting the right of contracting parties generally), and does not and will not violate any provisions of any agreement to which Seller is a party or to which it is subject. 

(c)      To Seller’s actual knowledge, except as set forth in the
Disclosure Materials, there are no pending legal proceedings or administrative actions of any kind or character adversely affecting the Property or Seller’s interest therein as of the date of this Agreement. 

(d)      To Seller’s actual knowledge, except as set forth in the
Disclosure Materials, Seller has received no written notice from any city, county, state or other government authority of any violation of any statute, ordinance, regulation, or administrative or judicial order or holding with respect to the
Property, which violation has not been corrected as of the date of this Agreement. 

(e)      Attached hereto as Exhibit B is a true and complete list of
all Leases as of the date of this Agreement. Except as set forth in the Disclosure Materials, Seller has not received or given any written notice of a material default under any Lease that remains uncured as of the date of this Agreement.

 (f)      Except for the service contracts listed on Exhibit
J, there are no other service contracts to which Seller is a party to and which would be binding on the Property or Purchaser after Closing. Seller has not entered into nor is Seller a party to any other contracts relating to the Property that
will be binding on Purchaser or the Property after Closing, except for the Leases, Permitted Exceptions and the service contracts listed on Exhibit J. 

(g)      Seller is not a person or entity described by Section 1 of
the Executive Order (No. 13,224) Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism, 66 Fed. Reg. 49,079 (September 24, 2001), and does not engage in any dealings or transactions, and is
not otherwise associated, with any such persons or entities. 

(h)      Seller has not received written notice of any contemplated
condemnation, eminent domain, or similar proceedings, for the Property. 

  
 - 10 -

 (i) All leasing commissions due in connection with the
current term of all of the Leases have been paid other than commissions set forth on Exhibit N which shall be paid by Seller prior to Closing or credited to Purchaser as more specifically provided for in Section 13(a)(v).

 As used in this Agreement, the phrase “to Seller’s actual knowledge” or words of
similar import shall mean the actual (and not constructive or imputed) knowledge, without independent investigation or inquiry, of Darla Szalla and Julie Young (and Seller represents that Darla Szalla and Julie Young are the individuals with primary
responsibility for overseeing the management and operation of the Property). The express representations and warranties made in this Agreement shall not merge into any instrument or conveyance delivered at the Closing; provided, however, that
Purchaser shall have the right to bring an action against Seller on the breach of a representation or warranty hereunder or in the documents delivered by Seller at the Closing, but only on the following conditions: (a) the breach in question
results from, or is based on, a condition, state of facts or other matter that was not known prior to Closing by Purchaser, and (b) Purchaser gives written notice of such breach to Seller before the date that is six (6) months after the
date of Closing (the “Survival Period”), and Seller and Purchaser acknowledge and agree that the Survival Period is reasonable and in compliance with the “reasonable” standard required and set forth in
Section 16.071(a) of the Texas Civil Practice and Remedies Code, as amended (the “Notice Statute”). The term “survive” as used in the preceding sentence, and using a portion of the language of the Notice
Statute, shall mean that Purchaser may give written notice, at any time and from time to time after the Closing, of any claim or claims for damages as a condition precedent to its right to sue Seller for any breach of its representations and
warranties and such claims and right shall not merge into the Deed (as hereinafter defined) or any documents executed by Seller pursuant hereto or in connection herewith, but such claims and right shall continue after the Closing throughout the
Survival Period. Following the Closing, Purchaser’s sole and exclusive remedy for any breach of Seller’s representations and warranties shall be an action at law for actual damages as a consequence thereof, provided that, notwithstanding
anything to the contrary included in this Agreement, Seller shall not be liable for any consequential, punitive or exemplary damages of any nature whatsoever, and further provided that any such claim or action at law for actual damages brought after
the Closing based upon a misrepresentation or a breach of a representation or warranty under this Agreement, or included in any documents executed by Seller pursuant hereto or in connection herewith, shall be actionable or enforceable if and only if
written notice of such claim is delivered by Purchaser to Seller prior to the expiration of the Survival Period. Additionally, no such claim or action at law may be filed more than two (2) years and one (1) day after the date of Closing,
Purchaser waiving the right to file any such claim or action at law at any later date. If Purchaser fails to timely notify Seller or file such action within the required time periods as described above, such action shall be barred. Seller shall have
no liability with respect to any of the foregoing representations and warranties if, prior to the Closing, Purchaser has actual knowledge (and not constructive or imputed) of any information (from whatever source, including, without limitation, the
Disclosure Materials) that contradicts any of the foregoing representations and warranties, or renders any of the foregoing representations and warranties untrue or incorrect, and Purchaser nevertheless consummates the transaction contemplated by
this Agreement. 

  
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 7. REPRESENTATIONS, WARRANTIES AND COVENANTS OF PURCHASER. 

Purchaser represents and warrants to Seller that the following matters are true and correct as of the execution of this
Agreement and as of the Closing: 
 (a)      Purchaser is a
limited liability company, duly formed, validly existing and in good standing under the laws of the State of Delaware and at Closing Purchaser (or its permitted assignee) will be qualified to do business in the State in which the Real Property is
located. 
 (b)      This Agreement is, and all the documents
executed by Purchaser which are to be delivered to Seller at the Closing will be, duly authorized, executed, and delivered by Purchaser, and is and will be legal, valid, and binding obligations of Purchaser enforceable against Purchaser in
accordance with their respective terms (except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency, moratorium and other principles relating to or limiting the right of contracting parties generally), and does not
and will not violate any provisions of any agreement to which Purchaser is a party or to which it is subject, which violation would have a material adverse effect on Purchaser’s ability to perform its obligations under this Agreement.

 (c)      Purchaser is not and, throughout the period in which
transactions under this Agreement are occurring, will not be (i) an “employee benefit plan” as defined in Section 3(3) of the U.S. Employee Retirement Income Security Act of 1974, as amended (“ERISA”), that is subject
to Title I of ERISA, (ii) a “plan” as defined in and subject to Section 4975 of the U.S. Internal Revenue Code of 1986, as amended, or (iii) an entity deemed to hold “plan assets” of any of the foregoing within the
meaning of 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA. 

(d)      That (i) prior to the Closing, Purchaser will have had the
opportunity to investigate all physical and economic aspects of the Property and to make all inspections and investigations of the Property which Purchaser deems necessary or desirable to protect its interests in acquiring the Property, including,
without limitation, review of the Leases (and the rights of the tenants thereunder), building permits, certificates of occupancy, environmental audits and assessments, toxic reports, surveys, investigation of land use and development rights,
development restrictions and conditions that are or may be imposed by governmental agencies, agreements with associations affecting or concerning the Property, the condition of title, soils and geological reports, engineering and structural tests,
insurance contracts, contracts for work in progress, marketing studies, cost-to-complete studies, governmental agreements and approvals, architectural plans and site plans, and (ii) except as otherwise expressly set forth in this Agreement or
in any document executed by Seller and delivered by Seller to Purchaser at Closing, neither Seller, nor anyone acting for or on behalf of Seller, has made any representation, warranty, promise or statement, express or implied, to Purchaser, or to
anyone acting for or on behalf of Purchaser, concerning the Property or the condition, use or development thereof. Purchaser further represents and warrants that, in entering into this Agreement, Purchaser has not relied on any representation,
warranty, promise or statement, express or 

  
 - 12 -

 
implied, of Seller, or anyone acting for or on behalf of Seller, other than as expressly set forth in this Agreement or in any document executed by Seller and delivered by Seller to Purchaser at
Closing, and that all matters concerning the Property have been or shall be independently verified by Purchaser prior to the Closing, and that, except as otherwise expressly set forth in this Agreement or in any document executed by Seller and
delivered by Seller to Purchaser at Closing, Purchaser shall purchase the Property on Purchaser’s own prior investigation and examination of the Property (or Purchaser’s election not to do so); AND THAT, AS A MATERIAL INDUCEMENT TO
THE EXECUTION AND DELIVERY OF THIS AGREEMENT BY SELLER, PURCHASER IS PURCHASING THE PROPERTY IN AN “AS IS” PHYSICAL CONDITION AND IN AN “AS IS” STATE OF REPAIR, WITH ALL FAULTS, EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN THIS
AGREEMENT OR IN ANY DOCUMENT EXECUTED BY SELLER AND DELIVERED BY SELLER TO PURCHASER AT CLOSING. EXCEPT AS MAY BE SET FORTH IN THIS AGREEMENT OR IN ANY DOCUMENT DELIVERED BY SELLER TO PURCHASER AT CLOSING, PURCHASER WAIVES, AND SELLER DISCLAIMS, ALL
WARRANTIES OF ANY TYPE OR KIND WHATSOEVER WITH RESPECT TO THE PROPERTY, WHETHER EXPRESS OR IMPLIED, INCLUDING, BY WAY OF DESCRIPTION BUT NOT LIMITATION, THOSE OF FITNESS FOR A PARTICULAR PURPOSE AND USE. Notwithstanding anything to the
contrary herein, Purchaser and Seller acknowledge that any written disclosures made by Seller prior to the Closing shall constitute notice to Purchaser of the matter disclosed, and Seller shall have no further liability thereafter if Purchaser
thereafter consummates the transaction contemplated hereby. If the subject matter of such disclosure constitutes a default by Seller under this Agreement, Purchaser shall have the rights and remedies provided for in this Agreement for defaults by
Seller prior to Closing. The provisions of this Section 7(d) shall survive the Closing. 
 (e)      Purchaser is not a person or entity described by Section 1 of the Executive Order (No. 13,224) Blocking Property and Prohibiting Transactions With Persons Who
Commit, Threaten to Commit, or Support Terrorism, 66 Fed. Reg. 49,079 (September 24, 2001), and does not engage in any dealings or transactions, and is not otherwise associated, with any such persons or entities. 

 

	 	8.	 CONFIDENTIALITY. 

 Purchaser agrees that it shall keep confidential the non-public information contained in the Disclosure Materials and all other information obtained by Purchaser with respect to the Property and shall not
disclose such information to any third parties, except that Purchaser shall have the right to provide such information to its lenders, consultants, attorneys and prospective investors in connection with Purchaser’s acquisition of the Property
(provided that Purchaser shall instruct the aforesaid parties to maintain the confidentiality of such information). If the transaction contemplated by this Agreement is not consummated for any reason, Purchaser promptly shall return to Seller, and
instruct its representatives, consultants, attorneys, and prospective investors to return to Seller, all copies and originals of the Disclosure Materials previously provided for inspection by Seller to Purchaser. Notwithstanding the foregoing and
anything to the contrary in this Agreement, nothing contained herein shall impair Purchaser’s (or 

  
 - 13 -

 
its permitted assignee’s) right to disclose information relating to this Agreement or the Property (a) to any due diligence representatives and/or consultants that are engaged by, work
for or are acting on behalf of, any securities dealers and/or broker dealers evaluating Purchaser or its permitted assignees, (b) in connection with any filings (including any amendment or supplement to any S 11 filing) with governmental
agencies (including the SEC) by any REIT holding an interest (direct or indirect), or considering holding an interest, in any permitted assignee of Purchaser, (c) to any broker/dealers in the REIT’s or Purchaser’s broker/dealer
network and any of the REIT’s or Purchaser’s investors, or (d) to the extent required by law or any judicial proceeding. The provisions of this Section 8 shall survive any termination of this Agreement. This
Section 8 shall cease to apply to Purchaser upon the Closing of the purchase and sale contemplated by this Agreement. 
  

	 	9.	 CONDITIONS PRECEDENT TO CLOSING. 

(a)      The following shall be conditions precedent to Purchaser’s
obligation to consummate the purchase and sale transaction contemplated herein (the “Purchaser’s Conditions Precedent”): 
 (i)      Purchaser shall not have terminated this Agreement in accordance with Section 4, Section 5, Section 16(a),
Section 16(b), Section 17 or any other applicable section of this Agreement within the time periods described in said sections. 

(ii)      Title Company shall be irrevocably committed to issue, at the
Closing, the Approved Title Policy, subject to Purchaser’s payment of the title premiums for which Purchaser is responsible hereunder. 
 (iii)      Purchaser shall have received, no less than three (3) business days prior to the Closing, executed estoppel certificates in the form of the Approved Estoppels
(as defined below) (with no changes other than de minimis changes reasonably approved by Purchaser) and not disclosing the existence of any default under the Leases referenced therein, from tenants occupying at least eighty percent (80%) of the
leasable space in the Improvements which is leased as of the date of this Agreement and specifically including all of the Major Tenants. Each executed estoppel certificate delivered to Purchaser shall be deemed to be satisfactory to Purchaser unless
Purchaser provides Seller with written notice within three (3) business days of Purchaser’s receipt of such estoppel certificate of its disapproval of such estoppel certificate and the basis of such disapproval. A “Major
Tenant” means each of the following tenants at the Property: Sammons, Point Group, Stratford Land Management, Caiman Energy and Toombs, Hall and Foster. Seller’s failure to obtain said estoppel certificates shall not be a default by
Seller under this Agreement. Seller has prepared, or caused to be prepared, and Purchaser has reviewed and approved the forms of estoppel certificates from the tenants, which were based on the form of estoppel certificate attached hereto as
Exhibit D and Seller has remitted, or caused to be remitted, the estoppel certificates, as approved by Purchaser, to all the tenants of the Property for signature. Such estoppel certificates prepared by Seller and approved by

  
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Purchaser as provided above are referred to, collectively, as “Approved Estoppels”. Notwithstanding the foregoing, in the event the condition described in this
Section 9(a)(iii) shall not have been satisfied, either Seller or Purchaser may elect by notice to the other to extend the Closing for a period not to exceed thirty (30) days in order to satisfy such condition. 

(iv)      There shall be no material breach of any of Seller’s
representations, warranties or covenants set forth in Section 6, Section 10 and Section 18, as of the Closing. 

(v)        Seller shall have duly performed all material
covenants and agreements to be performed by Seller under this Agreement. 

(vi)       Purchaser has received the contractor certificates to
which it is entitled under Section 10(d) herein. 

(vii)      Seller shall have delivered to the Escrow Agent the items
described in Section 11. 
 (viii)     None of the
CC&R Estoppels received by Seller disclose either (A) any existing, uncured material default by Seller under the documents that are the subject of such CC&R Estoppels, which default remains uncured at Closing, or (B) any monetary
obligation of Seller under such documents that is past due, unless Seller agrees to give Purchase a credit against the Purchase Price in such amount at Closing. 

(ix)      Simultaneously with the Closing under this Agreement, the
respective closings under the sale contracts described in Exhibit Q attached hereto (the “Other Sale Contracts”) have occurred or are occurring; provided, however, notwithstanding the foregoing, this condition
need not be satisfied, and Purchaser shall be obligated to proceed to Closing, if (A) the failure of the closings to occur under both of the Other Sale Contracts arises from the failure of one or more of “Seller’s Conditions
Precedent” in the Other Sale Contracts to be fully satisfied, and (B) neither of the Other Sale Contracts has been terminated as a result of Purchaser’s exercising its termination rights under Section 4 thereunder prior to the
expiration of the Title Due Diligence Expiration Date or under Section 5(e) thereunder. For avoidance of doubt, subject to the proviso set forth above in this Section 9(a)(ix), a failure of a condition to the obligation of the
“purchaser” thereunder to close under any of the Other Sale Contracts that causes the closing under any of such Other Sale Contracts not to occur shall constitute a failure of a condition to Purchaser’s obligation to proceed to
Closing under this Agreement. 
 The conditions set forth in this Section 9(a) are solely for the
benefit of Purchaser and may be waived only by Purchaser. Purchaser shall, at all times prior to the termination of this Agreement, have the right to waive any of these conditions. 

  
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 (b)      The following shall
be conditions precedent to Seller’s obligation to consummate the purchase and sale transaction contemplated herein (the “Seller’s Conditions Precedent”): 

(i)        Purchaser shall not have terminated this Agreement in
accordance with Section 4, Section 5, Section 16(a) or Section 16(b) of this Agreement within the time periods described in said Sections. 

(ii)       Purchaser shall have delivered to Escrow Agent, prior to
the Closing, for disbursement as directed hereunder, all cash or other immediately available funds due from Purchaser in accordance with this Agreement. 

(iii)      There shall be no material breach of any of Purchaser’s
representations, warranties or covenants set forth in Section 5 and Section 7, as of the Closing. 
 (iv)      Purchaser shall have delivered to Escrow Agent the items described in Section 12. 

(v)       Purchaser shall have duly performed all material covenants
and agreements to be performed by Purchaser under this Agreement. 

(vi)      Simultaneously with the Closing under this Agreement, the
respective closings under the Other Sale Contracts have occurred or are occurring; provided, however, notwithstanding the foregoing, this condition need not be satisfied, and Seller shall be obligated to proceed to Closing, if
(A) the failure of the closings to occur under both of the Other Sale Contracts arises from the failure of one or more of “Purchaser’s Conditions Precedent” in the Other Sale Contracts to be fully satisfied, and (B) neither
of the Other Sale Contracts has been terminated as a result of Purchaser’s exercising its termination rights under Section 4 thereunder prior to the expiration of the Title Due Diligence Expiration Date or under Section 5(e)
thereunder. For avoidance of doubt, subject to the proviso set forth above in this Section 9(b)(vi), a failure of a condition to the obligation of the “seller” thereunder to close under any of the Other Sale Contracts that causes the
closing under any of such Other Sale Contracts not to occur shall constitute a failure of Seller’s obligation to proceed to Closing under this Agreement. 
 The conditions set forth in this Section 9(b) are solely for the benefit of Seller and may be waived only by Seller. Seller shall, at all times prior to the termination of this Agreement, have
the right to waive any of these conditions. 
 (c)      Except in
those instances where this Agreement automatically terminates pursuant to its terms, if any condition is not satisfied or waived within the time period and in the manner set forth in this Agreement, then the party for whose benefit the condition
exists (as provided in this Section 9) may terminate this Agreement by delivering written notice to the other party and to Escrow Agent after the end of the applicable time period but prior to the Closing and, in the event of a
termination pursuant 

  
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to this Section 9, neither party shall have any further rights or obligations hereunder (except as may be expressly provided to the contrary elsewhere in this Agreement), and any
money (including, without limitation, the Deposit and all interest accrued thereon) or documents in escrow shall be returned to the party depositing the same. 
  

	 	10.	 COVENANTS OF SELLER. 

Seller covenants with Purchaser, as follows: 

(a)      After the date hereof and prior to the expiration of the Due
Diligence Period, Seller shall not enter into any new leases, or amend, modify or extend any existing Leases, in any case without the prior written consent of Purchaser (which consent shall not be unreasonably withheld or delayed). After the
expiration of the Due Diligence Period and prior to the Closing Date, Seller shall not enter into any new leases, or amend, modify or extend any existing Leases, in any case without the prior written consent of Purchaser (which may be withheld in
Purchaser’s sole and absolute discretion). Prior to the expiration of the Due Diligence Period, if Purchaser fails to respond within three (3) business days after Seller’s request for consent to a new Lease or amendment, modification
or extension of any existing Lease, Purchaser shall be deemed to have consented to the same. After the expiration of the Due Diligence Period, if Purchaser fails to respond within three (3) business days after Seller’s request for consent
to a new lease or amendment, modification or extension of any existing Lease, Purchaser shall be deemed to have disapproved the same. If Purchaser consents (or is deemed to consent) to any such new lease, or to the amendment, modification or
extension of any existing Lease and the transaction contemplated by this Agreement is consummated, Purchaser shall be solely responsible for the payment of all leasing commissions in connection therewith and any tenant improvement costs or
allowance, move-in allowance and any other payment to the tenant thereunder (whether coming due prior to the Closing [if the transaction contemplated by this Agreement closes, in which case any such amount shall be payable to Seller at the Closing
to the extent paid by Seller], or coming due after the Closing) to the extent the amount of such costs, payments and commissions were contained in the information relating to such new lease or modification of any existing Lease delivered to and
approved by Purchaser. 
 (b)      Until the Closing, Seller shall
keep the Property insured against fire, vandalism and other loss, damage and destruction to the extent and in the amounts maintained on the date of this Agreement, provided, however, that Seller’s insurance policies shall not be
assigned to Purchaser at the Closing, and Purchaser shall be obligated to obtain its own insurance coverage from and after the Closing. 
 (c)      Until the Closing, Seller shall operate and maintain the Property in the manner being operated and maintained on the date of this Agreement. 

(d)      Seller shall give a written notice of termination for any of the
service contracts required to be terminated by Purchaser by written notice given to Seller no later than the expiration of the Due Diligence Period which are terminable without cost or penalty to Seller, it being understood that Purchaser shall be
responsible to assume all 

  
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such service contracts described on Exhibit J which are not terminable by Seller without cost or penalty. If Purchaser does not provide notice to Seller on a date that is more than thirty
(30) days prior to Closing of Purchaser’s election to have Seller terminate a service contract at Closing, Purchaser shall give Seller a credit at Closing in the amount of the per diem cost under such service contract for each day after
Closing that Seller incurs such cost as the result of Purchaser’s failure to give Seller such notice more than thirty (30) days prior to Closing. Seller further agrees that, after the date of this Agreement, Seller shall not enter into any
new service contracts or extend, renew or materially modify any existing service contracts except those that are terminable by Seller at will without penalty or cost effective as of Closing. Notwithstanding anything to the contrary contained herein,
Purchaser shall be required to assume: 
 (i)       office
equipment copier lease listed on Exhibit J attached hereto; 

(ii)      the electricity contract with Gexa Energy listed on Exhibit
J attached hereto; and 
 (iii)     all capital contracts and
contracts pertaining to works of improvement described on Exhibit O hereto and all tenant work contracts entered into after the date of this Agreement by Seller pursuant to leases or lease amendments approved by Purchaser pursuant to
Section 10(a) or set forth on Exhibit S; provided, however, Purchaser shall only be required to assume each such contract (but only to the extent such tenant work contracts entered into after the date of this
Agreement by Seller have been approved by Purchaser pursuant to this Agreement, such approval not to be unreasonably withheld, delayed or conditioned) (“Future Tenant Improvement Contracts”); if the work required to be completed
under such contract has not been completed as of Closing. 
 For each such contract described on
Exhibit O and each Future Tenant Improvement Contract which Purchaser is required to assume, Seller shall, prior to or at Closing, provide Purchaser with a certificate in the form of Exhibit P attached hereto from the contractor under
each such contract, and Seller shall credit Purchaser at Closing for any unfunded amounts under all such contracts as more specifically provided for in Section 13(a)(vii) and in the amounts correctly reflected in the contractor’s
certificates required to be delivered to Purchaser. Seller shall terminate any management and leasing agreements for the Property at Closing. 
 (e)      During the pendency of this Agreement, Seller shall not alienate, lien, encumber or otherwise transfer all or any interest in the Property (other than to Purchaser
at the Closing). 
 (f)      During the pendency of this
Agreement, Seller shall not market, solicit, negotiate, or enter into any agreement with any party other than Purchaser for the sale or transfer of any interest in the Property. 

(g)      Promptly following Closing, Seller shall (i) shut down any
websites pertaining to the Real Property, and (ii) cooperate with Purchaser, at Purchaser’s sole cost 

  
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and expense, to perfect the assignment to Purchaser and obtain any required consent of a third party to the assignment of any warranties included as a part of the Intangible Property. The
provisions of this Section 10(g) shall survive Closing. 

(h)      After the expiration of the Due Diligence Period, Seller shall,
upon request from Purchaser, deliver subordination, non-disturbance and attornment agreements (each, a “SNDA”) prepared by Purchaser to the Major Tenants and request that they execute the same in connection with the potential sale
of the Property; provided, however, that in no event shall Seller be required to deliver an SNDA to any Major Tenant unless such Major Tenant has returned (and Purchaser has approved or been deemed to approve) its applicable Approved
Estoppel. In no event shall Purchaser’s receipt of any SNDA(s) be a condition precedent to any of Purchaser’s obligations under this Agreement, nor shall failure to obtain any SNDA be a breach or default of Seller under this Agreement.

  

	 	11.	 SELLER’S CLOSING DELIVERIES. 

At least one (1) business day prior to the Closing, Seller shall deliver or cause to be delivered to Escrow Agent
the following: 
 (a)      A deed executed by Seller, in the form
of Exhibit E (the “Deed”). 
 (b)      A
Bill of Sale executed by Seller, in the form of Exhibit F attached hereto (the “Bill of Sale”). 
 (c)      A certification from the Seller as required by the Foreign Investors Real Property Tax Act, as amended, that Seller is not a “foreign person” (the
“Certificate of Non-Foreign Status”). 

(d)      A customary affidavit sufficient for the Title Company to issue
the Approved Title Policy and to delete any exceptions for parties in possession (other than tenants under the Leases) and mechanics’ or materialmen’s therefrom (the “Title Affidavit”). 

(e)      A General Assignment executed by Seller, in the form of Exhibit
H attached hereto assigning to Purchaser all of Seller’s interest under the service contracts to be assigned to Purchaser at Closing (the “General Assignment”). 

(f)      An Assignment of Leases executed by Seller, in the form of
Exhibit I attached hereto, assigning to Purchaser all of Seller’s interest under the Leases to be assigned to Purchaser at Closing (the “Assignment of Leases”). 

(g)      A closing statement reflecting the Purchase Price and all
adjustments, prorations, credits, costs and expenses set forth herein (the “Closing Statement”) approved by Seller. 
 (h)      A notice in the form attached hereto as Exhibit K (the “Tenant Notice”), executed by Seller which Purchaser shall send to each tenant under
each of the Leases promptly after the Closing. 

  
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 (i)      A Seller’s
residency certification/exemption, if required by applicable law. 

(j)      A closing instruction letter from Seller to the Escrow Agent.

 (k)      Any other funds, documents, instruments or agreements
(signed by Seller and acknowledged, if appropriate) reasonably necessary to effectuate the transaction contemplated by this Agreement. 
 (l)      A certificate executed by Seller certifying to Purchaser that Seller has no actual knowledge of any breach by Seller of any of the representations and warranties
made by Seller in this Agreement or, if applicable, disclosing any such breach. 
  

	 	12.	 PURCHASER’S CLOSING DELIVERIES. 

At least one (1) business day prior to the Closing (unless a different day is specified below), Purchaser shall
deliver to Escrow Agent: 
 (a)      By 11:00 A.M. Pacific Time on
the day of the Closing, the balance of the Purchase Price in excess of the Deposit, together with such other sums as Escrow Agent shall require to pay Purchaser’s share of the Closing costs, prorations, reimbursements and adjustments as set
forth in Sections 13 and 15 herein, in immediately available funds. 

(b)      An executed counterpart of the General Assignment and the
Assignment of Leases, whereby Purchaser shall assume the obligations relating to the matters set forth in such documents. 
 (c)      The Closing Statement approved by Purchaser. 
 (d)      The Tenant Notice executed by Purchaser which Purchaser shall send to each tenant under each of the Leases promptly after Closing. 

(e)      A closing instruction letter from Purchaser to the Escrow Agent.

 (f)      Any other funds, documents, instruments or agreements
(signed by Purchaser and acknowledged, if appropriate) reasonably necessary to effectuate the transaction contemplated by this Agreement. 
  

	 	13.	 PRORATIONS AND ADJUSTMENTS. 

(a)      The following shall be prorated and adjusted between Seller and
Purchaser as of the day of the Closing based on the periods to which they relate and are applicable (regardless of when payable), except as otherwise specified: 

(i)      Non-delinquent general real estate, personal property and ad
valorem taxes and assessments, and any improvement or other bonds encumbering the Property, for the current tax year for the Property. 

  
 - 20 -

 (ii)      Non-delinquent
utility charges, if any, and such other items that are customarily prorated in transactions of this nature shall be ratably prorated. 
 (iii)      Rent and other charges under the Leases shall be prorated. Rents and other charges under the Leases which are unpaid or delinquent as of the Closing shall not be
prorated, and rents and other amounts received by Purchaser after the Closing from a tenant owing such delinquent rent or other charges shall be applied (A) first, to rents due from such tenant for the month in which such payment is received by
Purchaser; (B) second, to rents attributable to any period after the Closing which are past due on the date of receipt; and (C) finally, to rents and other charges delinquent as of the Closing (and Purchaser promptly shall remit such
amounts to Seller). Purchaser agrees that it shall use commercially reasonable efforts to collect any such delinquent rents by continuing to bill tenants for any delinquent rents (provided, however, that Purchaser shall have no
obligation to terminate the Lease or to institute legal proceedings, including an action for unlawful detainer, against a tenant owing delinquent rents). 

(iv)      The amount of all unapplied security deposits under the Leases
shall be credited to Purchaser; provided, however, that if any tenant security deposit is in the form of a letter of credit, there shall be no credit against the Purchase Price with respect to any such tenant security deposit. At
Closing, Seller shall deliver an original of each letter of credit serving as a tenant security deposit to Purchaser through escrow along with the documents executed by Seller that are required to be executed by Seller to transfer such letter of
credit to Purchaser. Following Closing, Purchaser shall, at Seller’s cost and expense, deliver the same, along with any required fees paid by Seller, to the issuing bank so that the same can be processed and transferred to Purchaser.

 (v)      Except as hereinbelow expressly provided, Seller is
responsible for the tenant improvement costs and/or tenant improvement allowances (including space planning and architectural costs) and leasing commissions due in connection with the current term of all of the Leases entered into on or before
April 30, 2013, and those remaining to be paid are identified on Exhibit N attached hereto. To the extent that any of the same have not been paid as of the Closing, Seller shall provide Purchaser a credit against the Purchase Price at
Closing, and Purchaser shall, to the extent of such credit, be responsible for the same after the Closing. Purchaser shall be responsible, without a credit against the Purchase Price, for (i) all leasing commissions and tenant improvement costs
due in connection with new leases or any extensions, renewals or expansions by any tenants after April 30, 2013, to the extent the amount of such commissions and tenant improvement costs were disclosed to Purchaser in writing prior to the
expiration of the Due Diligence Period or otherwise approved by Purchaser in connection with Purchaser’s approval of any such new lease, lease extension, renewal or expansion, and (ii) the leasing commissions and tenant improvement costs
due in connection with the leases or potential leases or lease renewals or expansions with the parties described on Exhibit S attached hereto to the extent such tenant improvement costs and leasing commissions are disclosed in Exhibit 

  
 - 21 -

 
S attached hereto or are otherwise hereafter approved (or deemed approved) by Purchaser pursuant to Section 10(a). At Closing, Purchaser will pay to Seller (or the credit from
Seller to Purchaser shall be reduced by) an amount equal to the sum of (x) the portion of any leasing commissions, tenant improvement costs and other expenses, including reasonable attorneys’ fees, actually paid by Seller after the
Effective Date and prior to Closing pursuant to the negotiation and execution of any new leases or renewal or expansion of any Lease approved (or deemed approved) by Purchaser pursuant to Section 10(a), and only to the extent such
amounts were disclosed to Purchaser in writing and approved (or deemed approved) by Purchaser pursuant to Section 10(a), plus (y) an amount equal to any leasing commissions and tenant improvement costs disclosed on Exhibit S
that are paid by Seller prior to Closing. 
 (vi)      Purchaser
shall be entitled to a credit against the Purchase Price at Closing for any and all remaining abated rent after Closing, reflected on Exhibit G attached hereto. 

(vii)     Purchaser shall be credited at Closing for all unsatisfied amounts
under all capital contracts and contracts pertaining to works of improvement entered into by Seller prior to the date of this Agreement with respect to the Property including, without limitation, the costs identified on Exhibit O attached
hereto. Seller shall remain responsible for satisfying any of such costs which were not credited (but were supposed to be credited) to Purchaser at Closing. 

(b)      For purposes of calculating prorations, Purchaser shall be deemed
to be in title to the Property, and, therefore, entitled to the income therefrom and responsible for the expenses thereof for the entire day upon which the Closing occurs. All such prorations shall be made on the basis of the actual number of days
of the month which shall have elapsed as of the day of the Closing and based upon the actual number of days in the month and a three hundred sixty-five (365) day year. Seller shall prepare a schedule of prorations and deliver it to Purchaser
not less than two (2) business days prior to Closing. 

(c)      The amount of such prorations shall be initially performed by
Seller and Purchaser at Closing but shall be subject to adjustment in cash after the Closing outside of escrow as and when complete and accurate information becomes available, if such information is not available at the Closing. Seller and Purchaser
agree to cooperate and use their best efforts to make such adjustments no later than six (6) months after the Closing (except as provided in clause (B) below and with respect to property taxes, which shall be adjusted within ninety
(90) days after the tax bills for the applicable period are received). Without limiting the generality of the foregoing, Seller and Purchaser agree that: 

(i)        (A) Seller has completed and sent to the tenants
under the Leases year-end reconciliations of reimbursable expenses under the Leases for the year ending December 31, 2012. Seller is responsible for providing Purchaser with a credit against the Purchase Price at Closing for any amounts that
the tenants under 

  
 - 22 -

 
Leases overpaid during 2012, but only to the extent such amounts have not been paid to such tenants prior to Closing or credited to such tenants’ rent obligations attributable to any period
accruing prior to Closing (with respect to any such amounts that have been paid to tenants prior to Closing or credited to such tenants’ rent obligations, Purchaser shall be entitled to written evidence thereof reasonably satisfactory to
Purchaser confirming the same), and Seller is entitled to any amounts (if, and when, received from the tenants) that tenants under the Leases underpaid during 2012 (and, with respect to any such amounts payable to Seller, Purchaser agrees that it
shall use commercially reasonable efforts to collect such amounts by billing tenants for such amounts, provided, however, that Purchaser shall have no obligation to institute legal proceedings, including an action for unlawful
detainer, against a tenant owing any such amounts); 

(B)      with respect to any year-end reconciliations of reimbursable
expenses under the Leases for the year ending December 31, 2013, Seller and Purchaser shall cooperate to complete such reconciliations no later than May 31, 2014, with Seller responsible for amounts owing to tenants under the Leases, and
entitled to amounts payable by tenants under the Leases (as the case may be), with respect to periods prior to the Closing, and with Purchaser responsible for amounts owing to tenants under the Leases, and entitled to amounts payable by tenants
under the Leases (as the case may be), with respect to periods from and after the Closing (and, with respect to any such amounts payable to Seller, Purchaser agrees that it shall use commercially reasonable efforts to collect such amounts by billing
tenants for such amounts, provided, however, that Purchaser shall have no obligation to institute legal proceedings, including an action for unlawful detainer, against a tenant owing any such amounts); 

(ii)      with respect to any property tax appeals or reassessments filed
by Seller for tax years prior to the year in which the Closing occurs, Seller shall be entitled to the full amount of any refund or rebate resulting therefrom (subject to any requirement under the Leases to pay to the tenants thereunder a share of
any such refund or rebate, which shall be Seller’s sole obligation), and with respect to any property tax appeals or reassessments filed by Seller or Purchaser for the tax year in which the Closing occurs, Seller and Purchaser shall share the
amount of any rebate or refund resulting therefrom (after first paying to Seller or Purchaser all costs and expenses incurred by such party in pursuing such appeal or reassessment) in proportion to their respective periods of ownership of the
Property for such tax year (with Seller and Purchaser each obligated for any amount of such refund or rebate required to be paid to the tenants under the Leases for its respective period of ownership of the Property for such tax year). To the extent
not already approved by Seller prior to the date hereof, the settlement of any tax appeals or settlements for the year in which the Closing occurs (including, without limitation, any stipulation of settlement document) shall be subject to
Purchaser’s prior written approval which approval shall not be unreasonably withheld, conditioned or denied; and 

  
 - 23 -

 (iii)      in no event will
there be any proration of insurance premiums under Seller’s existing policies of insurance relating to the Property, and Purchaser acknowledges and agrees that none of Seller’s insurance policies (or any proceeds payable thereunder, except
as expressly provided for in Section 16 below) will be assigned to Purchaser at the Closing, and Purchaser shall be solely obligated to obtain any and all insurance that it deems necessary or desirable. 

(d)      Except as set forth in this Section 13, all items of
income and expense which accrue for the period prior to the Closing will be for the account of Seller and all items of income and expense which accrue for the period on and after the Closing will be for the account of Purchaser. The provisions of
this Section 13 shall survive the Closing. 
  

	 	14.	 CLOSING. 

 (a)      The purchase and sale contemplated herein shall close (the “Closing”) on June 19, 2013, subject to Purchaser’s and Seller’s right to
extend the Closing as provided in Section 9(a)(iii) above. As used herein, the term “Closing” means the date and time that the transaction contemplated by this Agreement is consummated (meaning the time that the Purchase Price
and the Deed are exchanged). The parties shall conduct an escrow-style closing through the Escrow Agent so that it will not be necessary for any party to attend the Closing. Provided all conditions precedent to Seller’s obligations hereunder
have been satisfied, Seller agrees to convey the Property to Purchaser upon confirmation of receipt of the Purchase Price by the Escrow Agent as set forth below. Provided all conditions precedent to Purchaser’s obligations hereunder have been
satisfied, Purchaser agrees to pay the amount specified in Section 3 by timely delivering the same to the Escrow Agent no later than 11:00 A.M. Pacific Time on the day of the Closing. Upon Closing, Seller will deliver to Purchaser at the
Property: originals or, if originals are unavailable, copies, of the Leases and all service contracts then in effect to the extent in Seller’s possession; originals or, if originals are unavailable, copies, of the documents listed on
Exhibit C, plans and specifications, technical manuals and similar materials for the Improvements to the extent same are in Seller’s possession and have not previously been provided to Purchaser; originals or, if originals are
unavailable, copies, of all books and records relating to the operation of the Property and maintained by Seller during Seller’s ownership thereof, to the extent same are in Seller’s possession, but excluding Proprietary Materials;
originals or, if originals are unavailable, copies, of all permits, licenses and approvals relating to the ownership, use or operation of the Property, to the extent same are in Seller’s possession; and keys and combinations in Seller’s
possession relating to the operation of the Property. 

(b)      Such local or state tax, bulk sales, withholding and other
statements, certificates, filings, affidavits and other documents as may be necessary or appropriate for purposes of recordation of the Deed or as otherwise required under law in connection with the transactions contemplated herein (including,
without limitation, those necessary for the Property to be sold to Purchaser without imposition of obligations or liabilities on Purchaser or the Property which Purchaser has not expressly agreed to assume), shall be properly executed and delivered
by Seller or Purchaser, as applicable, consistent with the terms of this Agreement. Seller and Purchaser shall cooperate to make any pre-closing 

  
 - 24 -

 
filings required in connection with any of the transactions contemplated by this Agreement. Purchaser and Seller also agree to execute, acknowledge, and deliver all such further documentation as
is reasonably necessary and desirable to fully carry out this Agreement and to fully consummate and effect the transactions as contemplated by this Agreement. 

(c)      Possession of the Real Property, subject to the Permitted
Exceptions, will be delivered by Seller to Purchaser on the date of Closing. 
  

	15.	 CLOSING COSTS. 

 Seller shall pay all premiums and charges (including, without limitation, the costs of all title run downs, and examinations of title and other costs associated with any updates of the Commitment) of the
Title Company for the Commitment and the Approved Title Policy (but not the cost of any endorsements requested by Purchaser, including, without limitation, any extended coverage endorsement, the cost of which endorsements shall be Purchaser’s
obligation). Seller shall also pay all costs incurred in connection with causing the Title Company to cure or remove any title objections to the extent Seller specifically agrees or is required to cure or remove such items pursuant to
Section 4 above and fifty percent (50%) of all escrow costs and the fee for recording the Deed. Seller shall pay all transfer taxes or similar impositions imposed by any applicable taxing authority. Purchaser shall pay all costs and
expenses incurred in connection with obtaining any financing for the purchase of the Property, any additional title insurance premium payable in connection with any lender’s policy of title insurance, the cost of any title endorsements to the
lender’s policy, the cost of the Survey (including the cost of any revisions, modifications or recertifications of the Survey, including any required by Purchaser’s lender), fifty percent (50%) of all escrow costs and the fee for
recording the Deed. Purchaser agrees that the title insurance for the Real Property and any other Texas property that is the subject of any of the Other Sales Contracts may be provided in a single, combined title insurance policy. Any other costs of
the Closing shall be split between the parties in accordance with the custom of the county in which the Real Property is located, unless otherwise specifically provided in this Agreement. Each party shall bear the expense of its own counsel.

  

	16.	 RISK OF LOSS. 

(a)      If prior to the Closing, the Improvements, or any part thereof,
are materially damaged (as set forth in Section 16(d)), Purchaser shall have the right, exercisable by giving written notice to Seller within five (5) days after receiving written notice of such damage or destruction (and the
Closing shall be extended as necessary to allow Purchaser such five (5) day period), either (i) to terminate this Agreement, in which case neither party shall have any further rights or obligations hereunder (except as may be expressly
provided to the contrary elsewhere in this Agreement), and any money (including, without limitation, the Deposit and all interest accrued thereon) or documents in escrow shall be returned to the party depositing the same, or (ii) to accept the
Property in its then condition and to proceed with the Closing without any abatement or reduction in the Purchase Price and receive an assignment of all of Seller’s right to any insurance proceeds, if any, payable by reason of such damage or
destruction and a credit at Closing for the amount of any deductible portion not required to be paid by tenants under the 

  
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Leases. A failure by Purchaser to notify Seller in writing within such five (5) day period shall be deemed an election to proceed under clause (ii) above. If Purchaser elects (or
is deemed to elect) to proceed under clause (ii) above, Seller shall not compromise, settle or adjust any claims to such proceeds without Purchaser’s prior written consent, which shall not be unreasonably withheld or delayed.

 (b)      If prior to the Closing, all or any material portion
(as set forth in Section 16(d)) of the Property is subject to a taking by public authority, Purchaser shall have the right, exercisable by giving written notice to Seller within five (5) days after receiving written notice of such
taking (and the Closing shall be extended as necessary to allow Purchaser such five (5) day period), either (i) to terminate this Agreement, in which case neither party shall have any further rights or obligations hereunder (except as may
be expressly provided to the contrary elsewhere in this Agreement), and any money (including, without limitation, the Deposit and all interest accrued thereon) or documents in escrow shall be returned to the party depositing the same, or
(ii) to accept the Property in its then condition, without any abatement or reduction in the Purchase Price, and receive an assignment of all of Seller’s rights to any condemnation award payable by reason of such taking. A failure by
Purchaser to notify Seller in writing within such five (5) day period shall be deemed an election to proceed under clause (ii) above. If Purchaser elects (or is deemed to elect) to proceed under clause (ii) above, Seller
shall not compromise, settle or adjust any claims to such award without Purchaser’s prior written consent. As used in this Section 16, “taking” shall mean any transfer of the Property or any portion thereof to a
governmental entity or other party with appropriate authority, by exercise of the power of eminent domain. 
 (c)      If prior to the Closing, any non-material portion of the Property is damaged or subject to a taking, Purchaser shall accept the Property in its then condition
(without any abatement or reduction in the Purchase Price) and proceed with the Closing, in which case Purchaser shall be entitled to an assignment of all of Seller’s rights to any insurance proceeds and a credit at Closing for any deductible
portion not required to be paid by tenants under the Leases or any award in connection with such taking, as the case may be. If any such non-material damage or taking occurs, Seller shall not compromise, settle or adjust any claims to such insurance
proceeds or such award, if any, as the case may be, without Purchaser’s prior written consent, which shall not be unreasonably withheld or delayed. 

(d)      For the purpose of this Section 16, damage to the
Property or a taking of a portion thereof shall be deemed to involve a material portion thereof if it: (i) causes access to or parking on the Property to be adversely affected; (ii) results in the Property violating any laws or failing to
comply with zoning or any covenants, conditions or restrictions affecting the Property; (iii) entitles any tenant(s) occupying more than 10,000 rentable square feet in the aggregate to terminate their Lease(s) or abate rent unless Seller elects
to credit Purchaser for any such abated rent; (iv) is uninsured and Seller does not provide Purchaser with a credit against the Purchase Price at Closing in the amount of such uninsured loss; or (v) costs more than $5,000,000.00 to repair
(with respect to damage) or the value of the Property affected exceeds $5,000,000.00 (with respect to a taking). 

  
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 (e)      Seller agrees to give
Purchaser notice of any taking, damage or destruction of the Property promptly after Seller obtains knowledge thereof. 
  

	 	17.	 DEFAULT. 

 (a)      In the event that, prior to the Closing but after the expiration of the Due Diligence Period, Purchaser obtains actual knowledge of any information (from whatever
source, including, without limitation, the Disclosure Materials, as a result of any inspections of the Property, by disclosure from Seller or Seller’s agents and employees or otherwise) that contradicts in any material manner any of the
representations and warranties of Seller contained herein, renders any of such representations and warranties materially untrue or incorrect, Purchaser shall have the right, exercisable by giving written notice to Seller prior to the Closing, either
(i) to terminate this Agreement, in which case neither party shall have any further rights or obligations hereunder (except as may be expressly provided to the contrary elsewhere in this Agreement), and any money (including, without limitation,
the Deposit) or documents in escrow shall be returned to the party depositing the same, or (ii) to accept the Property notwithstanding such information and nevertheless consummate the transaction contemplated by this Agreement, and in either
case Seller shall have no liability with respect to such information and/or any of such representations and warranties contradicted or made untrue or incorrect thereby. 

In the event, prior to the Closing, Seller materially defaults in any other manner under this Agreement,
Purchaser shall have the right, exercisable by giving written notice to Seller prior to the Closing, either (i) to terminate this Agreement, in which case neither party shall have any further rights or obligations hereunder (except as may be
expressly provided to the contrary elsewhere in this Agreement), and any money (including, without limitation, the Deposit and all interest accrued thereon) or documents in escrow shall be returned to the party depositing the same, or (ii) to
accept the Property notwithstanding such default by waiving such default and nevertheless consummating the transaction contemplated by this Agreement, in which event thereafter Seller shall have no liability with respect to such default. In the
event Seller’s default consists of or results in Seller’s refusal, failure or inability to convey the Property, Purchaser’s sole remedy shall be to elect either (i) to bring an action for specific performance; provided, however,
that in any such action, Purchaser shall not be entitled to any monetary damages, or (ii) to terminate this Agreement, in which case neither party shall have any further rights or obligations hereunder (except as may be expressly provided to
the contrary elsewhere in this Agreement), and any money (including, without limitation, the Deposit and all interest accrued thereon) or documents in escrow shall be returned to the party depositing the same and Seller shall reimburse
Purchaser’s out-of-pocket expenses not to exceed Seventy-Five Thousand Dollars ($75,000.00). Any suit for specific performance under this Section shall be actionable and enforceable if and only if Purchaser delivers written notice to Seller of
its intention to file a suit for specific performance against Seller within thirty (30) days after the date on which the Closing shall have failed to occur. Furthermore, as an inducement to Seller to enter into this Agreement, Purchaser agrees
that Purchaser shall be deemed to have irrevocably elected to waive its right to file a suit for specific performance under this Section if such suit is not filed by Purchaser and 

  
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served on Seller within sixty (60) days after the date on which the Closing shall have failed to occur. In the event of any breach or default by Seller, which occurs or which Purchaser first
discovers after the Closing, Purchaser shall be limited to recovering its actual damages but not any consequential damages. Each of Purchaser and Seller also acknowledges and agrees that the occurrence of any event of default by the seller described
in the second grammatical paragraph of Section 17(a) of any of the Other Sales Contracts shall constitute a material event of default by Seller hereunder and shall entitle Purchaser to exercise its remedies under this Section.

 (b)      In the event the transaction herein provided shall not
close solely by reason of Purchaser’s default, the Deposit, plus any interest accrued thereon, shall be paid to and retained by Seller as liquidated damages. The amount paid to and retained by Seller as liquidated damages shall be Seller’s
sole and exclusive remedy if Purchaser fails to close the purchase of the Property when it is obligated to do so. The parties hereto expressly agree and acknowledge that Seller’s actual damages in the event of a default by Purchaser hereunder
with respect to its obligation to purchase the Property would be extremely difficult, if not impossible, to ascertain and that the amount of the deposit plus any interest accrued thereon is a fair estimate of such damages, which has been agreed to
in an effort to cause the amount of such damages to be certain. The payment of such amount as liquidated damages is not intended as a forfeiture or penalty, but is intended to constitute liquidated damages to Seller. Notwithstanding anything to the
contrary contained in this Section 17(b), Seller and Purchaser agree that this liquidated damages provision is not intended and should not be deemed or construed to limit in any way Purchaser’s indemnity obligations under
Sections 5, 18 and 20(j). Each of Purchaser and Seller also acknowledges and agrees that in the event the transaction contemplated under any of the Other Sales Contracts shall not close solely by reason of the Purchaser’s
default thereunder, such default shall constitute a material event of default by Purchaser hereunder and shall entitle Seller to exercise its remedies under this Section. 

(c)      Purchaser acknowledges and agrees that its recourse against Seller
under this Agreement for a default by Seller hereunder occurring prior to or at the Closing is limited to the remedies set forth in Section 17 hereof. In connection with any post-closing remedy which Purchaser may have against Seller for
any matter, including, without limitation, any breech of any covenant, indemnity or other matter arising under this Agreement that survives Closing or any documents executed by Seller pursuant hereto or in connection herewith, such remedy shall be
limited to actual damages (including, without limitation, reasonable legal fees and expenses) incurred by Purchaser not to exceed $1,000,000 in the aggregate for any and all claims; provided, however, that the foregoing limitation on liability shall
not apply to Seller’s obligations under Sections 13, 18 or 20(j). For the avoidance of doubt, the foregoing cap on liability under this Agreement shall not apply to the sellers’ liability under the Other Sales
Contracts, each of which shall set forth its own cap in liability thereunder. 

(d)      In no event shall Purchaser be entitled to seek or obtain any
other damages of any kind, including, without limitation, consequential, speculative, indirect or punitive damages, and Purchaser hereby waives any right to any of these. Any claim or claims or action or actions at law for actual damages brought
after the Closing by Purchaser against 

  
 - 28 -

 
Seller based upon a misrepresentation or a breach of a covenant, indemnity or warranty under this Agreement or under any documents executed by Seller pursuant hereto or in connection herewith
shall be actionable or enforceable if and only if written notice of such claim or claims is delivered by Purchaser to Seller no later than the last day of the Survival Period, and Seller and Purchaser acknowledge and agree that the Survival Period
is reasonable and in compliance with the “reasonable” standard required and set forth in the Notice Statute. Additionally, no such claim or action at law may be filed more than two (2) years and one (1) day after the date of
Closing, Purchaser waiving the right to file any such claim or action at law at any later date. In no event shall Purchaser seek or attempt to obtain any recovery or judgment against any of Seller’s partners, members or owners (or their
constituent partners, members or owners) or any director, officer, member, employee or shareholder of any of the foregoing. 
 (e)      The provisions of Section 17 shall survive the Closing or any termination of this Agreement. The term “survive” as used in the
preceding sentence, and using a portion of the language of the Notice Statute, shall mean that Purchaser may give written notice, at any time and from time to time after the Closing, of any claim or claims for actual damages prior to the expiration
of the Survival Period as a condition precedent to its right to sue Seller for any misrepresentation or breach of a covenant, indemnity or warranty under this Agreement or under any documents executed by Seller pursuant hereto or in connection
herewith, and such claims and right shall not merge into the Deed or any documents executed by Seller pursuant hereto or in connection herewith, but such claims and right shall continue after the Closing throughout the Survival Period. 

 

	 	18.	 BROKER’S COMMISSIONS. 

(a)      Purchaser and Seller each represents and warrants to the other
that it has not dealt with any third party other than Bank of America Merrill Lynch and CBRE, Inc. (collectively, “Broker”) in a manner which would obligate the other to pay any brokerage commission, finder’s fee or other
compensation due or payable with respect to the transaction contemplated hereby other than a commission to be paid to Broker pursuant to a separate agreement (“Commission”), which shall be paid by Seller only upon the Closing of the
purchase and sale contemplated hereby. Purchaser shall indemnify, defend, and hold Seller harmless from and against any losses, damages, costs and expenses (including, but not limited to, attorneys’ fees and costs) incurred by Seller by reason
of any actual or alleged breach or inaccuracy of the Purchaser’s representations and warranties contained in this Section 18. Seller shall indemnify, defend, and hold Purchaser harmless from and against any losses, damages, costs
and expenses (including, but not limited to, attorneys’ fees and costs) incurred by Purchaser by reason of any actual or alleged breach or inaccuracy of Seller’s representations and warranties contained in this Section 18.

 (b)      Pursuant to its leasing agreement (Participation
Agreement No. 13 (Lease Listing – Extension of Term), dated July 9, 2012 with Seller, CBRE, Inc. (“CBRE”), as agent for Seller, solicits tenants and negotiates leases for portions of the Real Property on behalf of
Seller. For any Protected Tenant (as hereinafter defined) which enters into a Lease, Lease renewal, Lease extension, or Lease expansion with Purchaser within ninety 

  
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(90) days after the Closing, Purchaser hereby agrees to pay CBRE a commission calculated in accordance with such leasing agreement not to exceed the following: 

 

					
	  	 	 Transaction Type
	  	Years 1-10
	 	  
 “New” and
“Expansion” leases (no cooperating brokers)
	  	  
 4.50%*

	 	  
 “New” and
“Expansion” leases (w/cooperating brokers)
	  	  
 6.75%*

	 	  

“Renewal/Extension” leases (no cooperating broker)
	  	  
 2.25%*

	 	  

“Renewal/Extension” leases (w/cooperating broker)
	  	  
 6.75%*

 * Percentage of gross rent payable over the primary term of the new lease or amendment
(in the event of a net lease, payable with respect to the net rent plus the estimate of operating costs attributable to the subject space for each year of the primary lease term or term extension for the subject space, using the estimate of such
operating costs for the first year of the lease term or term extension for such purpose). 
 As
used herein, “Protected Tenant” shall mean any tenant (existing or proposed) with whom Seller, CBRE or any employee or Affiliate thereof is then currently engaged in bona fide and substantial negotiations with respect to the leasing
of space within the Real Property prior to Closing. Purchaser and Seller agree that the list of tenant prospects on Exhibit R hereto constitutes the list of Protected Tenants as of the Effective Date. Seller shall deliver to Purchaser an
updated list of Protected Tenants (i) no less than three (3) business days prior to the expiration of the Due Diligence Period, (ii) no less than three (3) business days prior to Closing, and (iii) on or before the date that
is two (2) business days after the date of Closing, which shall include the method of determining the amount of commission that would be due and owing to CBRE. If Seller or CBRE commences negotiations with any new prospective tenant after the
Effective Date, Seller shall notify Purchaser thereof, which notice may be oral or by email and does not need to comply with the notice provisions of this Agreement. CBRE is an intended third party beneficiary of this Section 18(b). 

(c)      The provisions of this Section 18 shall survive the
Closing or any termination of this Agreement. 
  

	 	19.	 ESCROW. 

 (a)      Escrow Instructions and Deposits. The Closing shall occur through an escrow closing arrangement pursuant to escrow instructions delivered
separately by Seller and Purchaser or jointly by Purchaser and Seller to the Escrow Agent. Seller shall make its deposits into escrow in accordance with Section 11 and such escrow instructions

  
 - 30 -

 
and Purchaser shall make its deposits into escrow in accordance with Section 12 and such escrow instructions. 

(b)      Escrow Provisions.    Except for
termination by Purchaser prior to expiration of the Due Diligence Period (in which case the Deposit shall be returned to Purchaser without any action by Seller), if for any reason the Closing does not occur, the Escrow Agent shall deliver the
Deposit to Seller or Purchaser only upon receipt of a written demand therefor from such party, subject to the following provisions of this Section 19(c). If for any reason the Closing does not occur and either party makes a written
demand upon the Escrow Agent for payment of the Deposit, the Escrow Agent shall give written notice to the other party of such demand. If the Escrow Agent does not receive a written objection from the other party to the proposed payment within ten
(10) days after the giving of such notice, the Escrow Agent is hereby authorized to make such payment. If the Escrow Agent does receive such written objection within such period, the Escrow Agent shall continue to hold such amount until
otherwise directed by written instructions signed by Seller and Purchaser or a final judgment of a court. The parties acknowledge that the Escrow Agent is acting solely as a stakeholder at their request and for their convenience, that the Escrow
Agent shall not be deemed to be the agent of either of the parties, and that the Escrow Agent shall not be liable to either of the parties for any action or omission on its part taken or made in good faith, and not in disregard of this Agreement,
but shall be liable for its negligent acts. Seller and Purchaser shall jointly and severally indemnify and hold the Escrow Agent harmless from and against all liabilities (including reasonable attorneys’ fees, expenses and disbursements)
incurred in connection with the performance of the Escrow Agent’s duties hereunder, except with respect to actions or omissions taken or made by the Escrow Agent in bad faith, in disregard of this Agreement or involving negligence on the part
of the Escrow Agent. Purchaser shall pay any income taxes on any interest earned on the Deposit. Notwithstanding anything stated to the contrary in this Agreement, Seller shall not be entitled to demand (and any such demand shall be void and
ineffective) or receive the Deposit at any time prior to expiration of the Due Diligence Period. 
 (c)      Real Estate Reporting Person.    Escrow Agent is designated the “real estate reporting person” for purposes of section
6045 of Title 26 of the United States Code and Treasury Regulation 1.6045-4 and any instructions or settlement statement prepared by Escrow Agent shall so provide. Upon the consummation of the transaction contemplated by this Agreement, Escrow Agent
shall file Form 1099 information return and send the statement to Seller as required under the aforementioned statute and regulation. 
 (d)      Title Company’s Escrow Interface.    The Escrow Agent shall, upon request, promptly provide copies of closing statements and
other escrowed documents to Mai-Li Marsh at Commonwealth Land Title Insurance Company, 888 South Figueroa, Suite 2100, Los Angeles, California 90017, Telephone: (213) 330-3071, Facsimile: (213) 330-3103. 

(e)      Escrow Agent Joinder.    The
Escrow Agent has executed this Agreement in the place indicated on the signature page hereof in order to confirm that the Escrow 

  
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Agent has received and shall hold the Deposit in escrow, and shall disburse the Deposit pursuant to the provisions hereof. 

 

	 	20.	 MISCELLANEOUS. 

(a)      This Agreement and the exhibits attached hereto constitute the
entire Agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether oral or written, between the parties with respect to the matters contained in this Agreement. For
avoidance of doubt, this Agreement supersedes that certain Access and Confidentiality Agreement, dated April 30, 2013, between Purchaser and Seller, but such agreement shall remain in effect respecting the provisions thereof that survive the
termination thereof. Any amendment to this Agreement must be in writing and executed by both Seller and Purchaser. No such amendment shall require the execution of Escrow Agent unless such amendment modifies the provisions of Section 19.
Any waiver, modification, consent or acquiescence with respect to any provision of this Agreement shall be set forth in writing and duly executed by or in behalf of the party to be bound thereby. No waiver by any party of any breach hereunder shall
be deemed a waiver of any other or subsequent breach. 

(b)      This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument. The signature page of any counterpart may be detached therefrom without impairing the legal effect of the signature(s) thereon
provided such signature page is attached to any other counterpart identical thereto except having additional signature pages executed by other parties to this Agreement attached thereto. To facilitate the execution and delivery of this Agreement,
the parties may execute and exchange counterparts of the signature pages by electronic mail over the internet in electronic format (e.g., so-called “PDF” or “portable document format”) or by facsimile, and the signature page of
either party to any counterpart may be appended to any other counterpart. An electronically transmitted signature of any party or parties hereto shall have the same force and effect as an original of such signature(s). 

(c)      Time is of the essence in the performance of and compliance with
each of the provisions and conditions of this Agreement. 

(d)      Any communication, notice or demand of any kind whatsoever which
either party may be required or may desire to give to or serve upon the other shall be in writing and delivered by a nationally recognized overnight courier service with proof of delivery, by legible facsimile transmission with electronic
confirmation of receipt (with a duplicate copy sent by no later than the next business day after such transmission by another means provided in this Section), or by registered or certified mail, postage prepaid, return receipt requested, addressed
as follows: 

  
 - 32 -

			
	 Purchaser:
	  	 c/o KBS Capital Advisors LLC

620 Newport Center Drive, Suite 1300
 Newport
Beach, California 92660
 Attention: Rodney Richerson
 Telephone: (949) 417-6515
 Telecopy: (949) 417-6518

 
 And
  

c/o KBS Realty Advisors, LLC
 620 Newport Center
Drive, Suite 1300
 Newport Beach, California 92660
 Attention: Ken Robertson
 Telephone: (949) 417-6502

Telecopy: (949) 417-6518

		
	 With courtesy copies to:
	  	 James Chiboucas, Esq.
 620
Newport Center Drive, Suite 1300
 Newport Beach, California 92660
 Telephone: (949) 417-6555
 Telecopy: (949) 417-6523

 
 And
  

Greenberg Traurig LLP
 3161 Michelson Drive,
Suite 1000
 Irvine, California 92612

Attention: L. Bruce Fischer, Esq.
 Telephone:
(949) 732-6670
 Telecopy: (949) 732-6501

		
	 Seller:
	  	 c/o CB Richard Ellis Strategic Partners
 515 S. Flower Street
 Suite 3100
 Los Angeles, California 90071
 Attention: Mark Zikakis

Telephone: (213) 683-4386
 Telecopy: (213)
683-4336

		
	 With a courtesy copy to:
	  	 Parker, Hudson, Rainer & Dobbs LLP
 1500 Marquis Two Tower
 285 Peachtree Center Avenue, N.E.

Atlanta, Georgia 30303
 Attention: Kenneth H.
Kraft, Esq.
 Telecopy: (404) 522-8409

  
 - 33 -

			
		
	 Escrow Agent:
	  	 Lawyers Title Company
 4100
Newport Place Drive, Suite 120
 Newport Beach, California 92660
 Attention: Joy Eaton
 Telephone: (949) 724-3145

Telecopy: (949) 271-5762

		
	 Title Company:
	  	 Commonwealth Land Title Insurance Company
 888 S. Figueroa Street, Suite 2100
 Los Angeles, California 90017

Attention: Bill Shebesta
 Telephone: (213)
330-3049
 Telecopy: (213) 330-3120

 Any party may change its address for notice by written notice given to the other in the
manner provided in this Section. Any such communication, notice or demand shall be deemed to have been duly given or served on the date personally served, if by personal or overnight courier delivery service, on the date of confirmed dispatch, if by
electronic communication, or three (3) days after being placed in the U.S. Mail, if mailed. Counsel for a party may give notice or demand on behalf of such party, and such notice or demand shall be treated as being sent by such party. Notices
may be given on behalf of a party hereto by such party’s attorney, and any such notice given in accordance with the requirements of this Section 20(d) shall be fully effective as if given by such party personally. 

(e)      The parties agree to execute such instructions to Escrow Agent and
Title Company and such other instruments and to do such further acts as may be reasonably necessary to carry out the provisions of this Agreement. 

(f)      The making, execution and delivery of this Agreement by the
parties hereto has been induced by no representations, statements, warranties or agreements other than those expressly set forth herein. 
 (g)      Wherever possible, each provision of this Agreement shall be interpreted in such a manner as to be valid under applicable law, but, if any provision of this
Agreement shall be invalid or prohibited thereunder, such invalidity or prohibition shall be construed as if such invalid or prohibited provision had not been inserted herein and shall not affect the remainder of such provision or the remaining
provisions of this Agreement. 
 (h)      The language in all
parts of this Agreement shall be in all cases construed simply according to its fair meaning and not strictly for or against any of the parties hereto. Section headings of this Agreement are solely for convenience of reference and shall not govern
the interpretation of any of the provisions of this Agreement. References to “Sections” are to Sections of this Agreement, unless otherwise specifically provided. 

  
 - 34 -

 (i)      This Agreement shall
be governed by and construed in accordance with the laws of the state in which the Real Property is located. 
 (j)      If any action is brought by either party against the other party, relating to or arising out of this Agreement, the transaction described herein or the enforcement
hereof, the prevailing party shall be entitled to recover from the other party reasonable attorneys’ fees, costs and expenses incurred in connection with the prosecution or defense of such action. The provisions of this
Section 20(j) shall survive the entry of any judgment, and shall not merge, or be deemed to have merged, into any judgment. The provision of this Section 20(j) shall survive the Closing or any termination of this Agreement.

 (k)      This Agreement shall be binding upon and inure to the
benefit of each of the parties hereto and to their respective transferees, successors, and assigns. Neither this Agreement nor any of the rights or obligations of Seller or Purchaser hereunder shall be transferred or assigned by Seller or Purchaser.
Notwithstanding the foregoing to the contrary, Purchaser shall have the right to assign its rights and obligations under this Agreement to KBS Real Estate Investment Trust III, Inc. (in either case, “REIT”) (or an entity that is
wholly owned directly or indirectly by REIT) without the prior written consent of Seller; provided, however, that (i) such assignee assumes in writing all of the obligations of Purchaser under this Agreement and acknowledges and consents to all
of the provisions of this Agreement, and (ii) Purchaser provides Seller with notice and a copy of such assignment within two (2) business days following such assignment and in no event later than 10 days prior to Closing. 

(l)      Exhibits A through T, inclusive, attached hereto are
incorporated herein by reference. 
 (m)      Notwithstanding
anything to the contrary contained herein, this Agreement shall not be deemed or construed to make the parties hereto partners or joint venturers, or to render either party liable for any of the debts or obligations of the other, it being the
intention of the parties to merely create the relationship of Seller and Purchaser with respect to the Property to be conveyed as contemplated hereby. 

(n)      This Agreement shall not be recorded or filed in the public land
or other public records of any jurisdiction by either party and any attempt to do so may be treated by the other party as a breach of this Agreement. 

(o)      Except as (i) otherwise set forth in this Agreement,
(ii) provided by law, (iii) necessitated by applicable accounting or security disclosure requirements, (iv) compelled by an order of a court, and/or (v) in connection with an action between the parties, each party shall keep the
contents of this Agreement and any information related to the transaction contemplated hereby confidential (except that Purchaser may disclose such matters in accordance with the provisions of Section 8 above) and further agrees to
refrain from generating or participating in any publicity statement, press release, or other public notice regarding this transaction without the prior written consent of the other party unless required under applicable law or by a court order.
Notwithstanding the 

  
 - 35 -

 
foregoing and anything to the contrary in this Agreement, nothing contained herein shall impair Purchaser’s (or its permitted assignee’s) right to disclose information relating to this
Agreement or the Property (a) to any due diligence representatives and/or consultants that are engaged by, work for or are acting on behalf of, any securities dealers and/or broker dealers evaluating Purchaser or its permitted assignees,
(b) in connection with any filings (including any amendment or supplement to any S 11 filing) with governmental agencies (including the SEC) by any REIT holding an interest (direct or indirect), or considering holding an interest, in any
permitted assignee of Purchaser, or (c) to any broker/dealers in the REIT’s or Purchaser’s broker/dealer network and any of the REIT’s or Purchaser’s investors. The provisions of this Section 20(o) shall survive
the Closing or any termination of this Agreement and shall not be merged into any instrument or conveyance delivered at the Closing. 
 (p)      Seller and Purchaser agree that it is their specific intent that no broker shall be a party to or a third party beneficiary of this Agreement or the escrow; and
further that the consent of a broker shall not be necessary to any agreement, amendment, or document with respect to the transaction contemplated by this Agreement. 

(q)      If any of the dates specified in this Agreement shall fall on a
Saturday, a Sunday, or a holiday (which for this purpose shall mean a day on which national banks are required or authorized by law or executive action to be closed), then the date of such action shall be deemed to be extended to the next business
day. The time in which any act is to be done under this Agreement is computed by excluding the first day (such as the effective date of this Agreement), and including the last day, unless the last day is a holiday or Saturday or Sunday, and then
that day is also excluded. Unless expressly indicated otherwise, (i) all references to time shall be deemed to refer to Pacific Time, and (ii) all time periods shall expire at 5:00 p.m., Pacific Time. 

(r)      THE PARTIES HEREBY AGREE THAT THE OBLIGATIONS OF THE PARTIES UNDER
THIS AGREEMENT ARE SEPARATE AND DISTINCT, AND THAT NO PARTY’S AFFILIATE, OFFICER, MANAGER, DIRECTOR, EMPLOYEE, AGENT OR REPRESENTATIVE (OF ANY TYPE OR NATURE) (COLLECTIVELY, “THE PARTY AFFILIATES”) OR OTHER THIRD PARTY (TOGETHER WITH
THE PARTY AFFILIATES, THE “THIRD PARTY BENEFICIARIES”) IS RESPONSIBLE IN ANY MANNER WHATSOEVER FOR THE DEBTS, LIABILITIES OR OBLIGATIONS OF ANY PARTY HERETO. AS SUCH, THE PARTIES AGREE THAT NONE OF THE THIRD PARTY BENEFICIARIES IS AN
ALTER-EGO OF ANY OTHER PARTY (OR ANY AFFILIATE THEREOF) OR IN ANY MANNER IS OR SHALL BE VICARIOUSLY, DERIVATIVELY OR OTHERWISE LIABLE FOR THE DEBTS, LIABILITIES OR OBLIGATIONS OF ANY PARTY OR ANY AFFILIATE THEREOF (COLLECTIVELY, “DERIVATIVE
CLAIMS”). THE PARTIES FURTHER AGREE THAT, AS A MATERIAL PART OF AND MATERIAL INDUCEMENT FOR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, THEY WILL NOT ASSERT ANY DERIVATIVE CLAIMS IN ANY DISPUTE, CLAIM OR CONTROVERSY RELATING TO OR ARISING
OUT OF THIS AGREEMENT. THE PROVISIONS OF THIS SECTION SHALL SURVIVE THE CLOSING OR CONSUMMATION OF THE TRANSACTIONS 

  
 - 36 -

 
CONTEMPLATED BY THIS AGREEMENT OR ANY TERMINATION OR PURPORTED TERMINATION OF THIS AGREEMENT. THE THIRD PARTY BENEFICIARIES ARE EXPRESS THIRD PARTY BENEFICIARIES OF THIS SECTION 20(r).

 (s)      Waiver of Consumer
Rights.    Purchaser, after consultation with an attorney of its own selection (which counsel was not directly or indirectly identified, suggested or selected by Seller or any agent of Seller) hereby voluntarily waives its
rights under the Deceptive Trade Practices - Consumer Protection Act (Section 17.41, et seq., Business and Commerce Code), a law that gives consumers special rights and protections. Purchaser and Seller hereby acknowledge to the other that
Purchaser and Seller are not in a significantly disparate bargaining position. 

(t)      Notice Regarding Possible
Annexation.    If the Property that is located outside the limits of a municipality, the Property may now or later be included in the extraterritorial jurisdiction of a municipality and may now or later be subject to
annexation by the municipality. Each municipality maintains a map that depicts its boundaries and extraterritorial jurisdiction. To determine if the Property is located within a municipality’s extraterritorial jurisdiction or is likely to be
located within a municipality’s extraterritorial jurisdiction, contact all municipalities located in the general proximity of the Property for further information. 

(u)      Municipal Utility District
Notice.    If the Property is situated within a utility district subject to the provisions of the Texas Water Code, then at or prior to the Closing, Seller shall give Purchaser the written notice required by the Texas Water
Code, and Purchaser shall sign and acknowledge the notice to evidence receipt thereof. 

(v)      Notice Regarding Aboveground Storage
Tanks.    The aboveground storage tank(s), if any, which are included in this conveyance are presumed to be regulated by the Texas Natural Resource Conservation Commission and may be subject to certain registration and
construction notification requirements found in 30 Texas Administrative Code, Chapter 334. 

(w)      Title Advisory.    Purchaser
acknowledges that Seller has advised Purchaser that it should either obtain an abstract covering the Property examined by an attorney at Purchaser’s selection, or Purchaser should be furnished with or obtain a title policy in connection with
its purchase of the Property 
 (x)      Notice Required by
Chapter 49, Water Code.    If all or any part of the Property is situated in a utility or other statutorily created district providing water, sewer, drainage or flood control facilities and services pursuant to Chapter 49 of
the Texas Water Code, then Seller shall deliver to Purchaser, and Purchaser shall execute, the statutory notice relating to the tax rate, bonded indebtedness or standby fees of the district prior to or concurrently with the execution and delivery of
this Agreement. 
 Notice Required by § 13.257, Water Code. Pursuant to Section 13.257 of the
Texas Water Code, please be advised as follows: “The real property, described above, 

  
 - 37 -

 
that you are about to purchase may be located in a certificated water or sewer service area, which is authorized by law to provide water or sewer service to the properties in the certificated
area. If your property is located in a certificated area there may be special costs or charges that you will be required to pay before you can receive water or sewer service. There may be a period required to construct lines or other facilities
necessary to provide water or sewer service to your property. You are advised to determine if the property is in a certificated area and contact the utility service provider to determine the cost that you will be required to pay and the period, if
any, that is required to provide water or sewer service to your property.” Purchaser hereby acknowledges receipt of the foregoing notice at or before the execution of this Agreement for the purchase of the real property described herein

 [SIGNATURES ON NEXT PAGE] 

  
 - 38 -

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by
their duly authorized representatives as of the date first above written. 
  

					
	SELLER:
	
	 SPUSV5 STERLING PLAZA, LP, a
 Delaware limited partnership

		
	By:	    	 SPUSV5 Sterling Plaza GP, LLC, a
 Delaware limited liability company, its
 general partner

			
		    	By:	 	 /s/ Vance G. Maddocks

		    	Name:	 	 Vance G. Maddocks

		    	Title:	 	 President

			
		    	By:	 	 /s/ Mark Zikakis

		    	Name:	 	 MARK ZIKAKIS

		    	Title:	 	 VICE PRESIDENT

 [SIGNATURES CONTINUE ON NEXT PAGE] 

 PURCHASER: 
 KBSIII STERLING PLAZA, LLC, 
 a Delaware limited liability company 

 

													
	By:	    	KBSIII REIT ACQUISITION VIII, LLC,	  	
		    	a Delaware limited liability company,
 its sole
member
	  	
				
		    	By:	    	KBS REIT PROPERTIES III, LLC,	  	
		    		    	a Delaware limited liability company,
 its sole
member
	  	
					
		    		    	By:	    	KBS LIMITED PARTNERSHIP III,	  	
		    		    		    	a Delaware limited partnership,
 its sole
member
	  	
						
		    		    		    	By:	    	KBS REAL ESTATE INVESTMENT TRUST III, INC.,	  	
		    		    		    		    	 a Maryland corporation,
 its general partner
	  	
							
		    		    		    		    	By:	    	 /s/ Charles J. Schreiber, Jr.,
	  	
		    		    		    		    		    	Charles J. Schreiber, Jr.,	  	
		    		    		    		    		    	Chief Executive Officer	  	

 The undersigned hereby acknowledges receipt of this Agreement on May 22, 2013 and hereby agrees to act as
Escrow Agent in accordance with the terms and conditions hereof. 
 LAWYERS TITLE COMPANY 

 

			
	By:	 	 /s/ Authorized Signatory

	Its:	 	 V.P.

 EXHIBIT A 
 LEGAL DESCRIPTION OF THE LAND 
 LEGAL
DESCRIPTION 
 TRACT 1: (Fee) 
 BEING Lots 11, 12, 13, 14 and 15, Block 3/5625 of Preston Square Addition, an addition to the City of Dallas, Dallas County, Texas, according to the Map thereof recorded in Volume 9, Page 159, Map
Records, Dallas County, Texas, and being more particularly described as follows: 
 Being a tract of land situated in the Andrew J. Manning
Survey, Abstract No. 948, City of Dallas, Dallas County, Texas; said tract being all of Lots 11 through 15, Dallas City Block No. 3/5625 of the Preston Square Addition, an addition to the City of Dallas as recorded in Volume 9, Page 159,
Map Records, Dallas County, Texas, and being more particularly described as follows: 
 BEGINNING at a 1/2-inch iron rod found in the North
right-of-way line of Sherry Lane (a 50-foot right-of-way); said iron rod being North 89 degrees 48 minutes 00 seconds East, and a distance of 203.61 feet from the East right-of-way line of Lomo Alto Drive (a 50-foot right-of-way); said point also
being the Southwest corner of said Lot 11; said point also being the Southeast corner of Lot 10, Block 3/5625 of said Preston Square Addition; 

THENCE, North 00 degrees 06 minutes 00 seconds East, leaving the North right-of-way line of said Sherry Lane and along the common property line between
Lots 10 & 11, a distance of 195.10 feet to a 5/8 inch iron rod with “GSES, INC., RPLS 4804” cap set for corner in the South right-of-way line of a 15-foot alley; said point being the Northeast corner of said Lot 10 and the
Northwest corner of Lot 11; 
 THENCE, North 89 degrees 48 minutes 00 seconds East, along the South right-of-way line of said 15-foot alley, a
distance of 465.00 feet to an “+” cut in concrete set in the West line of Lot 1-A of Luther Square Addition, an addition to the City of Dallas as recorded in Volume 79119, Page 580, Map Records, Dallas County, Texas; said point being the
Northeast corner of said Lot 15; 
 THENCE, South 00 degrees 06 minutes 00 seconds West, along the common property line between said Lots 15 and
1-A, a distance of 195.10 feet to an “+” cut in concrete found for corner in the North right-of-way line of said Sherry Lane; 

THENCE, South 89 degrees 48 minutes 00 seconds West, along the North right-of-way line of said Sherry Lane, a distance of 465.00 feet to the POINT OF
BEGINNING; CONTAINING 90,720 square feet or 2.0827 acres of land, more or less. 
 NOTE: COMPANY DOES NOT REPRESENT THAT THE ABOVE ACREAGE
AND/OR SQUARE FOOTAGE CALCULATIONS ARE CORRECT. 

  
 A-1

 TRACT 2: (Non-exclusive Easement Estate) 

Access easement and sign easement as created by that certain Easement and Maintenance Agreement dated December 21, 1994, executed by
5900 LUTHER LANE, LTD., a Texas limited partnership to ZML-STERLING PLAZA LIMITED PARTNERSHIP, a Delaware limited partnership, recorded in Volume 95005, Page 6418, over and across the tracts of land described on Exhibit “C” and Exhibit
“D” of said agreement. 

  
 A-2

 EXHIBIT B 
 LIST OF LEASE DOCUMENTS 
 SEE ATTACHED SCHEDULE. 

  
 B-1

 EXHIBIT C 
 INVENTORY OF DUE DILIGENCE ITEMS 
 References in the Agreement to documents listed
on this Exhibit C shall mean the documents for the Property made available to Purchaser on or before May 13, 2013 on the secure website established by CBRE for the transaction
(https://admin/cbremarketplace.com/listings/12325/default.aspx) or delivered to Purchaser or Purchaser’s counsel after such date, but before the day that is one (1) business day before the expiration of the Due Diligence Period, in
accordance with the notice provisions of Section 20(d) of this Agreement. 

  
 C-1

 EXHIBIT D 
 FORM OF TENANT ESTOPPEL CERTIFICATE 

To:     KBS Capital Advisors LLC, a Delaware limited liability company, and its successors and assigns
(“Buyer”), and SPUSV5 Sterling Plaza, LP, a Delaware limited partnership (“Landlord”) 
 The
undersigned,                                 , a
                                        
(“Tenant”), certifies to Landlord and Buyer as follows: 

1.         The undersigned is the Tenant under that certain lease dated
                            , now between Landlord, as landlord, and the undersigned, as tenant,
covering a portion of the property located at Sterling Plaza, Dallas, Texas (the “Property”), which has not been modified or amended, either verbally or in writing, except as described on Exhibit A attached hereto. There are not any
other agreements, oral or written, between Landlord and Tenant. The original lease and the modifications or amendments, if any, are collectively referred to as the “Lease”. 

2.         Pursuant to the Lease, Tenant has leased approximately
             square feet of space (the “Premises”) at the Property and has paid to Landlord a security deposit in the form of [cash / letter of credit] in the
amount of                     . The term of the Lease commenced on
                     and the expiration date of the Lease is             .
Tenant has paid rent through              201    . The next base rental payment in the amount of
                     is due on
                    . There is no percentage rent payable under the Lease. Tenant is required to pay
            % of all reimbursable operating expenses for the Property over a
                     base. Other than the security deposit described above, no rental (including expense reimbursements), other than for the
current month, has been paid in advance, except as follows (if any):
                                         
                           . 

3.         The Lease provides for an option to extend the term of the Lease for
                 extension term(s) of                  years, at a rental
rate for such extension term as set forth in the Lease. Except as expressly provided in the Lease, Tenant does not have any right or option to renew or extend the term of the Lease, or to lease other space at the Property. Tenant does not have any
preferential right to purchase all or any part of the Premises or the Property. 

4.         The Lease, as so amended, modified and supplemented, is in full force
and effect, and represents the entire agreement between Tenant and Landlord with respect to the Premises and the Property. Tenant has no right to terminate the Lease except as provided for in the Lease. 

5.         All space and improvements leased by Tenant have been completed and
furnished in accordance with the provisions of the Lease, and Tenant has accepted and taken possession of the Premises. There are no outstanding inducements or concessions or payments owed to Tenant by Landlord for tenant improvements or otherwise
except as follows (if any):                     . 
 6.         Landlord is not in any respect in default in the performance of the terms and provisions of the Lease. Tenant is not in any respect in default under the
Lease and has not 

  
 D-1

 
assigned, transferred or hypothecated the Lease or any interest therein or subleased all or any portion of the Premises except as follows (if any):
                                         
                       . 
 7.         There are no offsets or credits against rentals payable under the Lease and no free periods or rental concessions have been granted to Tenant, except as
follows (if any):                         . 

8.         Tenant has not filed on its behalf, nor to Tenant’s knowledge,
has any party initiated against Tenant, proceedings for relief under bankruptcy, insolvency, or other proceedings. 
 All provisions of the Lease are hereby ratified. Tenant understands that Buyer may purchase the Property and that Buyer and any lender of Buyer and their successor and assigns and Landlord are entitled to
and will rely on this Certificate. 
 DATED:
                             , 2013 

 

					
	TENANT:	 	                           
     ,
		 	a                 
                                        

			
		 	By:	 	  

		 	Its:	 	  

  
 D-2

 EXHIBIT A 
 List of Lease Documents 

  
 D-3

 EXHIBIT E 

 

					
	 After Recording, Return To:
                                  
                       

                         
                               
                                  
                       

Attn:                        
                
	  	[Pursuant to Texas Property Code §11.008, if either the Grantor or Grantee is an individual, the notice in the next column must appear in this Deed. If neither
the Grantor nor Grantee are individuals, the notice in the next column may be deleted. The contents of this column should be deleted in all instances.]	  	NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS
FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER.
	  	  

 SPECIAL WARRANTY DEED 

 

			
	THE STATE OF TEXAS	  	§                            
                                         
                                         
                              
		  	§
	COUNTY OF                 	  	§

 KNOW ALL MEN BY THESE PRESENTS: 

THAT                  
                                         
 ,    a Delaware limited partnership (“Grantor”) for and in consideration of the sum of Ten and No/100 Dollars and other good and valuable consideration to in hand paid
by                        , a
                         (“Grantee”), whose mailing address is
                                         
                               , the receipt and sufficiency of which consideration are
hereby acknowledged; has GRANTED and CONVEYED, and by these presents does hereby GRANT and CONVEY, unto Grantee all of the real property described on Exhibit A attached hereto and made a part hereof for all purposes together with (a) all
improvements located thereon, (b) all and singular the rights, benefits, privileges, easements, tenements, hereditaments, and appurtenances thereon or in anywise appertaining to such real property, and (c) all right, title, and interest of
Grantor in and to all strips and gores and any land lying in the bed of any street, road or alley, open or proposed, adjoining such real property (said land, improvements, rights, benefits, privileges, easements, tenements, hereditaments, and
appurtenances, rights, titles, and interests to the real property described on Exhibit A being hereinafter referred to collectively as the “Property”). 

This conveyance is made subject and subordinate to all matters set forth on Exhibit B attached hereto (hereinafter
referred to collectively as the “Permitted Exceptions”). 
 TO HAVE AND TO HOLD the Property,
as aforesaid, unto Grantee, its successors and assigns, forever; and Grantor does hereby bind itself and its successors and assigns, to WARRANT AND FOREVER DEFEND all and singular, subject to the Permitted Exceptions, the Property unto Grantee, its
successors and assigns, against every person whomsoever lawfully claiming or to claim the same, or any part thereof by, through, or under Grantor, but not otherwise, subject to the Permitted Exceptions. 

  
 E-1

 Grantee assumes responsibility for the payment of ad valorem taxes on the
Property for the 2013 calendar year. 
 EXECUTED as of
                            , 20    . 

 

					
		 	                             
                                       ,  
       a
	  	
		 	
                             
                           
	  	
			
		 	
By:                             
                                         
     
	  	
		 	
Name:                            
                                         
 
	  	
		 	
Title:                            
                                         
   
	  	

  
 E-2

			
	STATE OF                           
         	    	§                            
                                         
                                         
                                  
		    	§
	COUNTY OF                           
     	    	§

 This instrument was acknowledged before me on    
                    ,     20__, by
                                ,
                            of
                                         
   , a                                 , on behalf of said
                                . 

 

                      
                                         
                  
 Notary Public, State
of     

  
 E-3

 EXHIBIT F 
 [FORM OF BILL OF SALE] 
 BILL OF SALE 

FOR GOOD AND VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, the undersigned, SPUSV5 STERLING
PLAZA, LP, a Delaware limited partnership (“Seller”), does hereby give, grant, bargain, sell, transfer, assign, convey and deliver
to                            , a
                         (“Buyer”), all personal property (if any) owned by Seller and located on or in
that certain real property located in the County of Dallas, State of Texas, and more particularly described in Schedule A attached hereto and incorporated herein by this reference, including, but not limited to, those items listed on
Schedule B attached hereto and incorporated herein by this reference, but expressly excluding those items listed on Schedule C attached hereto and incorporated herein by this reference. 

SAID PERSONAL PROPERTY IS BEING TRANSFERRED ON AN “AS IS” BASIS, WITHOUT ANY REPRESENTATIONS OR WARRANTIES,
EXPRESS, IMPLIED OR STATUTORY, OF ANY KIND WHATSOEVER BY SELLER. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, BUYER ACKNOWLEDGES THAT SELLER EXPRESSLY DISCLAIMS AND NEGATES, AS TO ALL PERSONAL PROPERTY TRANSFERRED HEREBY: (A) ANY IMPLIED
OR EXPRESS WARRANTY OF MERCHANTABILITY; (B) ANY IMPLIED OR EXPRESS WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE; AND (C) ANY IMPLIED OR EXPRESS WARRANTY OF CONFORMITY TO MODELS OR MATERIALS. 

Seller covenants that it will, at any time and from time to time upon written request therefor, at Buyer’s sole
expense and without the assumption of any additional liability thereby, execute and deliver to Buyer, its nominees, successors and/or assigns, any new or confirmatory instruments and do and perform any other acts which Buyer, its nominees,
successors and/or assigns, may reasonably request in order to fully assign and transfer to and vest in Buyer, its nominees, successors and/or assigns, and protect its or their rights, title and interest in and enjoyment of, all of the assets of
Seller intended to be transferred and assigned hereby, or to enable Buyer, its nominees, successors and/or assigns, to realize upon or otherwise enjoy any such assets. 

  
 F-1

 All references to “Seller” and “Buyer”
herein shall be deemed to include their respective nominees, successors and/or assigns, where the context permits. 
 Dated:
                            , 2013. 
 SELLER: 
 SPUSV5 STERLING PLAZA, LP, 

a Delaware limited partnership 
  

			
	By:	  	SPUSV5 Sterling Plaza GP, LLC,
		  	a Delaware limited liability company,
		  	its general partner
		
		  	By:                             
                                        

		  	Name:                            
                                    
		  	Title:                            
                                      
		
		  	By:                             
                                        

		  	Name:                            
                                    
		  	Title:                            
                                      

  
 F-1

 SCHEDULE A 
 LEGAL DESCRIPTION OF THE REAL PROPERTY 

  
 F-2

 SCHEDULE B 
 PERSONAL PROPERTY 

  
 F-3

 EXHIBIT G 
 ABATEMENT CREDIT 
 SEE ATTACHED SCHEDULE. 

  
 G-1

 EXHIBIT H 
 [FORM OF GENERAL ASSIGNMENT] 
 ASSIGNMENT 

THIS ASSIGNMENT (this “Assignment”) is made as of [insert closing date]
            , 2013, by and between SPUSV5 STERLING PLAZA, LP, a Delaware limited partnership (“Assignor”), and
                    , a
                            
                 (“Assignee”). 
 FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, Assignor grants, sells, conveys, transfers and assigns unto Assignee all of Assignor’s right,
title and interest in, to and under the following items, to the extent assignable and to the extent relating to that certain real property located in Dallas County, Texas, and more particularly described in Exhibit A attached hereto and
incorporated herein by this reference (the “Real Property”): 

(a)      the contracts or agreements described in Exhibit B attached hereto and
incorporated herein by this reference; and 
 (b)      the Intangible Property (as
defined in that certain Purchase and Sale Agreement dated as of             , 2013, between Assignor and Assignee), but expressly excluding the Excluded Property (as defined
in such Purchase and Sale Agreement). 
 Subject to the terms and limitations contained in the Purchase and Sale
Agreement that survive Closing (as defined in the Purchase and Sale Agreement), including, without limitation, those in Sections 17(c) and 17(d) and the last grammatical paragraph of Section 6 of the Purchase and Sale Agreement, Assignor shall
indemnify, protect, defend and hold Assignee harmless from and against any and all claims, demands, damages, losses, liabilities, costs and expenses (including reasonable attorneys’ fees) arising in connection with any defaults by Assignor
under the contracts and agreements described in paragraph (a) above to the extent they first accrue and are applicable to a period before the date of this Assignment. Assignee accepts the foregoing assignment and assumes any executory
obligations of Assignor under the contracts and agreements described in paragraph (a) above to the extent any of such obligations first accrue and are applicable to periods on or after the date hereof. Assignee shall indemnify, protect, defend
and hold Assignor harmless from and against any and all claims, demands, damages, losses, liabilities, costs and expenses (including reasonable attorneys’ fees and costs) arising under the contracts and agreements described in paragraph
(a) above to the extent any of such obligations first accrue and are applicable to periods on or after the date hereof. 
 This Assignment shall be governed by and construed in accordance with the laws of the State of Texas. 
 This Assignment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument. The signature
page of any counterpart may be detached therefrom without impairing the legal effect of the signature(s) thereon, provided such signature page is attached to any other counterpart identical thereto except having additional signature pages executed
by other parties to this Assignment attached thereto. 

  
 H-1

 IN WITNESS WHEREOF, Assignor and Assignee have caused their duly
authorized representatives to execute this Assignment as of the date first above written. 
 ASSIGNOR: 

SPUSV5 STERLING PLAZA, LP, 
 a
Delaware limited partnership 
  

					
	By:	  	SPUSV5 Sterling Plaza GP, LLC,
		  	a Delaware limited liability company,
		  	its general partner
			
		  	By:	 	  

		  	Name:	 	  

		  	Title:	 	  

			
		  	By:	 	  

		  	Name:	 	  

		  	Title:	 	  

 [signatures continue on next page] 

  
 H-2

 ASSIGNEE: 
 KBSIII STERLING PLAZA, LLC, 
 a Delaware limited liability company 

 

													
	By:	    	KBSIII REIT ACQUISITION VIII, LLC,
		    	a Delaware limited liability company,
 its
sole member

			
		    	By:	    	KBS REIT PROPERTIES III, LLC,
		    		    	a Delaware limited liability company,
 its sole
member

				
		    		    	By:	    	KBS LIMITED PARTNERSHIP III,
		    		    		    	a Delaware limited partnership,
 its sole
member

					
		    		    		    	By:	    	KBS REAL ESTATE INVESTMENT TRUST III, INC.,
		    		    		    		    	a Maryland corporation,
its general partner
							
		    		    		    		    	By:	    	                             
                                         
      	  	
		    		    		    		    		    	Charles J. Schreiber, Jr.,	  	
		    		    		    		    		    	Chief Executive Officer	  	

  
 [signature page to General
Assignment] 

  
 H-3

 EXHIBIT A 
 LEGAL DESCRIPTION OF REAL PROPERTY 

  
 H-4

 EXHIBIT B 
 SCHEDULE OF CONTRACTS 
 [INSERT AT CLOSING A LIST OF
SERVICE CONTRACTS, EQUIPMENT LEASES, TENANT WORK CONTRACTS TO WHICH SELLER IS A PARTY AND CAPITAL PROJECT CONTRACTS TO WHICH SELLER IS A PARTY] 

  
 H-5

 EXHIBIT I 
 [FORM OF ASSIGNMENT OF LEASES] 
 ASSIGNMENT OF LESSOR’S INTEREST IN
LEASES 
 THIS ASSIGNMENT OF LESSOR’S INTEREST IN LEASES (this “Assignment”) is made
on [insert closing date]             , 2013, by SPUSV5 STERLING PLAZA, LP, a Delaware limited partnership (“Assignor”), in favor of
                     ,
                     (“Assignee”). 
 For a valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Assignor hereby grants, conveys, transfers and assigns to Assignee all of Assignor’s right, title and
interest in, to and under the leases (and all amendments and modifications thereto and guaranties of tenant obligations thereunder) relating to that certain real property located in the County of Dallas, State of Texas, and more particularly
described in Exhibit A attached hereto and incorporated herein by this reference (the “Real Property”), which leases are identified in Exhibit B attached hereto and incorporated herein by this reference (as
amended and modified, the “Leases”), together with (i) any and all rights, title, estates and interests of Assignor in and to such security deposits and prepaid rents, if any, as have been paid to Assignor pursuant to such
Leases and not previously applied pursuant to the Leases, and (ii) any and all rights, title, estates and interests of Assignor in and to any subleases, if any, relating to the Real Property; reserving, however, unto Assignor any and all rents,
charges and other income under the Leases attributable to any period prior to the date hereof. 
 Subject to the
terms and limitations contained in the Purchase and Sale Agreement, dated May __, 2013, between Assignor and Assignee, that survive Closing (as defined in the Purchase and Sale Agreement), including, without limitation, those in Sections 17(c) and
17(d) and the last grammatical paragraph of Section 6 of the Purchase and Sale Agreement, Assignor shall indemnify, protect, defend and hold Assignee harmless from and against any and all claims, demands, liabilities, losses, costs, damages or
expenses (including, without limitation, reasonable attorneys’ fees and costs) arising out of or resulting from any default by Assignor under the terms of the Leases to the extent they first accrue and are applicable to a period before the date
of this Assignment. 
 Assignee accepts the foregoing assignment and assumes and shall pay, perform and
discharge, as and when due, all of the agreements and obligations of Assignor under the Leases to the extent any of such obligations first accrue and are applicable to periods on or after the date of this Assignment. 

Assignee agrees to be bound by all of the terms and conditions of the Leases to the extent first accruing and applicable
to the period commencing from and continuing after the date of this Assignment. 
 Assignee shall indemnify,
protect, defend and hold Assignor harmless from and against any and all claims, demands, liabilities, losses, costs, damages or expenses (including, without limitation, reasonable attorneys’ fees and costs) arising out of or resulting from any
breach or 

  
 I-1

 
default by Assignee under the terms of the Leases with respect to obligations first accruing and applicable to the period on or after the date of this Assignment. 

Set forth on EXHIBIT C are certain leasing commission obligations, tenant concessions and supplemental improvement
allowance obligations which are hereby assigned by Assignor to, and are assumed by, Assignee (collectively, the “Assumed Leasing Commissions and Tenant Concessions”). Set forth on EXHIBIT D is a description of the existing lease commission
agreement relating to the SWBC Lease which is hereby assigned by Assignor to Assignee (the “Assumed Leasing Commission Agreement”) subject to the limitations set forth below. Assignee, by execution of this Assignment, assumes
Assignor’s commission obligations under the Assumed Leasing Commission Agreement solely with respect to renewals of such Lease, extensions of the lease terms thereunder or expansions of the space leased thereunder occurring from and after the
date of this Assignment (as to any renewal, extension or expansion), and then only for payment of commission amounts determined in accordance with Exhibit A attached to such Assumed Leasing Commission Agreement. 

This Assignment shall be governed by and construed in accordance with the laws of the State of Texas. 

This Assignment may be executed in any number of counterparts, each of which shall be deemed an original, but all of
which when taken together shall constitute one and the same instrument. The signature and acknowledgment pages of any counterpart may be detached therefrom without impairing the legal effect of the signature(s) and acknowledgment(s) thereon,
provided such signature and acknowledgment pages are attached to any other counterpart identical thereto except having additional signature and acknowledgment pages executed and acknowledged by other parties to this Assignment attached thereto.

 [Signature page follows] 

  
 I-2

 IN WITNESS WHEREOF, Assignor and Assignee have caused their duly
authorized representatives to execute this Assignment as of the date first above written. 
 ASSIGNOR: 

SPUSV5 STERLING PLAZA, LP, 
 a
Delaware limited partnership 
  

					
	By:	  	SPUSV5 Sterling Plaza GP, LLC,
		  	a Delaware limited liability company,
		  	its general partner
			
		  	By:	  	  

		  	Name:	  	  

		  	Title:	  	  

			
		  	By:	  	  

		  	Name:	  	  

		  	Title:	  	  

 [signatures continue on next page] 

  
 I-3

 ASSIGNEE: 
 KBSIII STERLING PLAZA, LLC, 
 a Delaware limited liability company 

 

															
	By:	    	KBSIII REIT ACQUISITION VIII, LLC,	  	
		    	a Delaware limited liability company,
its sole member	  	
				
		    	By:	    	KBS REIT PROPERTIES III, LLC,	  	
		    		    	a Delaware limited liability company,
its sole member	  	
					
		    		    	By:	    	KBS LIMITED PARTNERSHIP III,	  	
		    		    		    	a Delaware limited partnership,
its sole member	  	
						
		    		    		    	By:	    	KBS REAL ESTATE INVESTMENT TRUST III, INC.,	  	
		    		    		    		    	a Maryland corporation,
its general partner	  	
							
		    		    		    		    	By:	    	                           
                                         
                    	  	
		    		    		    		    		    	Charles J. Schreiber, Jr.,	  	
		    		    		    		    		    	Chief Executive Officer	  	

  
 [signature page to Assignment of
Lessor’s Interest in Leases] 

  
 I-4

 EXHIBIT A 

LEGAL DESCRIPTION OF REAL PROPERTY 

  
 I-5

 EXHIBIT B 

SCHEDULE OF LEASES 

  
 I-6

 EXHIBIT C 

OUTSTANDING COMMISSIONS 
 SEE ATTACHED SCHEDULE. 
  
  

Note: The attached schedule shall be revised to reflect (i) payments made between the date of this Agreement and Closing and
(ii) new lease obligations that are Purchaser’s responsibility under Section 13(a)(v) of the Agreement. 

  
 I-7

 EXHIBIT D 

COMMISSION AGREEMENTS 
 Commission Agreement, dated March 5, 2013, between Seller and Case Commercial Brokerage Services, Ltd., respecting the Lease with SWBC Real Estate, LLC (“SWBC”). 

 
  

Note: The foregoing schedule shall be revised to reflect (i) payments made between the date of this Agreement and Closing and
(ii) new lease obligations that are Purchaser’s responsibility under Section 13(a)(v) of the Agreement. 

  
 I-8

 EXHIBIT J 

SERVICE CONTRACTS 

SEE ATTACHED SCHEDULE. 

  
 J-1

 EXHIBIT K 

NOTICE TO TENANTS 

[TENANTS] 
 c/o Sterling Plaza 

Dallas, Texas 

RE:      Notice of Lease Assignment 
                          , 2013 

Dear Sir / Madam: 
 This letter
is to notify you that, effective as of the date hereof, the property commonly known as Sterling Plaza, Dallas, Texas (the “Property”) was sold and transferred to
                                         
        (the “Buyer”). 
 In connection with this sale, all of the
interest of lessor under your lease of space in the Property has been transferred to the Buyer. You are hereby notified that, from and after the date hereof and until further notice, all future payments under your lease should be made payable to
                                 and directed to the address set forth on
Exhibit A attached hereto. 
 In addition, all questions or other matters regarding your lease and Security Deposit
should be directed to                          , General Manager and all notices under your lease should be delivered to

  

                      
                   

                      
                   

                      
                   
 Attention:
                                     

With a copy to: 
  

                      
                   

                      
                   

                      
                   
 Attention:
                                     

In connection with such sale, Seller has assigned and transferred its interest in your security deposit under your lease in the amount of
$         (the “Security Deposit”) to Buyer, and Buyer has assumed and agreed to perform all of the landlord’s obligations under your lease (including any obligations set
forth in your lease or under applicable law to repay or account for the Security Deposit) from and after such date. Buyer acknowledges that Buyer has received and is responsible for the Security Deposit, which Security Deposit has been transferred
to Buyer, the intent of the undersigned Seller and Buyer being to relieve the undersigned Seller of any liability for the return of the Security Deposit. 
 Thank you for your cooperation. 
 [Signatures of Seller and Buyer]

  
 K-1

 EXHIBIT A 
 Delivery of Lease Payments 

  
 K-2

 EXHIBIT L 

SCHEDULE OF PERSONAL PROPERTY 
 SEE ATTACHED SCHEDULE. 

  
 L-1

 EXHIBIT M 

3-14 AUDIT DOCUMENTS 
 DOCUMENTS REQUIRED FOR 3-14 AUDIT (Please provide highlighted items as soon as possible) 
 Background Questions: 

	•	 	 Basis of Accounting: Cash, Tax, Accrual, GAAP? 

	•	 	 Have property financial statements been audited? 

	•	 	 Have audits been performed for the most recent full calendar year? 

	•	 	 If audited by what firm? 

 General 
  

	•	 	 Property operating statements for the most recent full calendar year and for the current year to date with break out in quarterly intervals, e.g.:
For a property purchased on 4/15/13; we would need operating statements for the Quarters ended 3/31/12, 6/30/12, 9/30/12, 12/31/12, 3/31/13 and YTD 12/31/12 and YTD 12/31/13. Post-closing we will need the income statement from the last full quarter
provided to the closing date. 

  

	•	 	 Trial balances at the end of the most recent full calendar year and as of the current date. 

 

	•	 	 General ledger for the most recent full calendar year and for the current year to date (should include activity for entire year and all general
ledger accounts). 

  

	•	 	 Bank statements and Bank Reconciliations – need as of prior year end month (e.g. 12/31/12 for 2013 acquisition); 2 months following prior year
end month (e.g. 01/31/13 and 02/29/13); and most recent quarter end month. 

 Revenues 

Access to the following for all revenues for the most recent full calendar year and for the current year to date:

 

	 	•	 	 Lease agreements including any leases which have expired or were terminated in 2012 (latest full calendar year) and 2013 (current year).

	 	•	 	 Rent rolls at year end for the last five years (2008, 2009, 2010, 2011, 2012) 

	 	•	 	 Access to billing invoices and tenant cash receipts 

	 	•	 	 Straight line rent support for the last full calendar year and for the current year to date (if applicable) 

	 	•	 	 Tenant ledger for the last full calendar year and for the current year to date 

Access to the following for certain revenues, if applicable, for the most recent full calendar year and for the current year to date:

  

	 	•	 	 Schedule of parking revenues and related support (agreements, copy of receipts, etc.). 

	 	•	 	 Schedule of interest income and related support (confirmations, bank statements, etc.). 

  
 M-1

 Expenses 
 Access to the following for all expenses for the most recent full calendar year and for the current year to date: 
  

	 	•	 	 Invoices 

	 	•	 	 Check copies 

 Check register for current year to date. 
 Access to the following for all certain
expenses, if applicable, for the most recent full calendar year and for the current year to date: 
  

	 	•	 	 Property tax bills 

	 	•	 	 Insurance statements 

	 	•	 	 Management fee agreement 

	 	•	 	 Management fee calculation 

	 	•	 	 Agreements with Contractors 

	 	•	 	 Utility Bills 

 Note: Support should cover entire year and current year. E.g. If insurance policy is from July to June and we are in July 2013; we would need July 2011 to June 2012; July 2012 to June 2013; and July
2013 to June 2014 (if available) 
 Reimbursable Expenses 

Access to the following for the most recent full calendar year and for the current year to date: 

 

	 	•	 	 CAM calculation to support monthly billings. 

	 	•	 	 Year-end CAM reconciliation. 

 Post-closing 
  

	•	 	 Final income statement for the current year from January 1, through the date of sale. 

 

	•	 	 Final trial balance as of the date of sale. 

  

	•	 	 Final general ledger for the current year from January 1, through the date of sale. 

Please note that additional documentation may be required based on the findings of the 3-14 audit. 

  
 M-2

 EXHIBIT N 

PRE-CLOSING LEASING COSTS 
 SEE ATTACHED SCHEDULE. 

  
 N-1

 EXHIBIT O 

PRE-CLOSING CAPITAL COSTS* 
 SEE ATTACHED SCHEDULE. 
 * Amounts to be adjusted for any payments prior to the Closing Date.

  
 O-1

 EXHIBIT P 

FORM OF CONTRACTOR’S CERTIFICATE 
 CONTRACTOR’S CERTIFICATE 
 The undersigned,
                     (the “Contractor”), is a party to that certain Construction Contract dated
                     (the “Construction Contract”), by and between Contractor and
                     a
                     (the “Seller”), in connection with that certain real property commonly known as
                    ,
                     County,
                     (the “Property”). Seller has advised Contractor that Seller intends to sell the Property to
                    , a
                     (the “Purchaser”), on a closing date of
                     (the “Closing Date”) and, in connection with such purchase by Purchaser of the Property, Seller intends
to transfer and assign the Construction Contract to Purchaser and all of Seller’s rights and obligations thereunder. In connection with Seller’s transfer of the Property to Purchaser and Seller’s assignment of the Construction
Contract to Purchaser, Contractor certifies and represents the following: 

1.        The Contractor consents to the assignment of the Construction Contract
(and all warranties arising out of the Construction Contract) to Purchaser, and the release of Seller from any further liability thereunder, based on Contractor’s understanding that, upon the assignment by Seller to Purchaser of Seller’s
interest under the Construction Contract, Purchaser shall have the right to enforce all of the terms and conditions of the Construction Contract and all warranties thereunder and shall have all responsibilities and liabilities of the
“Owner” under the Construction Contract, including payment of all amounts due and owing to Contractor for work performed pursuant thereto. 
 2.        As of
                        , Contractor has been paid all amounts due or outstanding under the Construction Contract except
for the sum of $        . 

3.        Attached hereto at Exhibit “A” is a true, correct and
complete copy of the Construction Contract, and the same has not been amended or modified. There are no Change Orders to the Construction Contract except as attached in Exhibit “A” attached hereto. 

Executed as of             ,
20    . 
 [SIGNATURES FOLLOW ON NEXT PAGE] 

  
 P-1

 CONTRACTOR: 
                         , 

a                         

By:                        
                                         
     

Name:                        
                                        

Its:                        
                                         
    

  
 P-2

 JOINDER 

The undersigned acknowledges receipt of a copy of the Contractor’s Certificate to which this Joinder is attached,
and, except as set forth below, acknowledges and agrees that, from and after the date hereof (the “Effective Date”), the undersigned shall have no further rights under the Construction Contract; provided, however, the undersigned
reserves and retains (i) all of its rights under the Construction Contract with respect to any event or matter which occurred or accrued prior to the Effective Date, and (ii) all rights it may have under the Construction Contract for
matters which occur or accrue on or after the Effective Date only to the extent necessary to defend itself from any claim with respect thereto. The undersigned recognizes that, as of the Effective Date, the undersigned shall not have the right to
amend the Construction Contract or waive Purchaser’s rights under the Construction Contract. 
 Executed as
of                     , 20    . 
  

                         
                

                         
                

                         
                

  
 P-3

 Exhibit “A” 

Construction Contract and Change Orders 
 (Attached) 

  
 P-4

 EXHIBIT Q 

OTHER SALE CONTRACTS 
 Purchase and Sale Agreement, dated of even date herewith, between SPUSV5 Preston Commons, LP, a Delaware limited partnership, and Purchaser respecting the property known as “Preston Commons,”
8111-8117 Preston Road, Dallas, Texas 
 Purchase and Sale Agreement, dated of even date herewith, between SPUSV5 One
Washingtonian, LLC, a Delaware limited liability company, and Purchaser respecting the property known as “One Washingtonian,” 19801 Washingtonian Boulevard, Gaithersburg, Maryland 

  
 Q-1

 EXHIBIT R 
 LIST OF PROTECTED TENANTS 
 SEE ATTACHED SCHEDULE. 

  
 R-1

 EXHIBIT S 
 APPROVED NEW LEASES FOR WHICH NO CREDIT IS GIVEN TO PURCHASER 
  
 SEE ATTACHED SCHEDULE. 

  
 S-1

 EXHIBIT T 
 CC&R ESTOPPEL LIST 
 Estoppel Certificate in connection with that certain
Easement and Maintenance Agreement, made and entered into as of December 21, 1994, by and between 5900 Luther Lane, Ltd., a Texas limited partnership and ZML – Sterling Plaza Limited Partnership, a Delaware limited partnership. 

  
 T-1

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